BALAMAND EDUCATIONAL FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
BALAMAND EDUCATIONAL FOUNDATION INC (EIN 04-3296470)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-19
IRS object ID
201303239349301005
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-11-19T15:53:36-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN261588653EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1HOUSSAN & OJERHOLM PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line127 WEST MOUNTAIN STAddressLine1
CityWORCESTERCity
StateMAState
ZIP Code016061342ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043296470EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1BALAMAND EDUCATIONAL FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBALANameControl
Phone8007133015Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 ELI WHITNEY STAddressLine1
CityWESTBOROCity
StateMAState
ZIP Code01581ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameFAWAZ KHOURYName
TitleTREASURERTitle
Phone8007133015Phone
Date Signed2013-11-14DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMICHAEL E HOUSSANName
PTINP01381749PTIN
Phone5087919501Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonFAWAZ KHOURYNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line110 ELI WHITNEY STAddressLine1
CityWESTBOROCity
StateMAState
ZIP Code01581ZIPCode
FieldValueIRS element (for citing)
Gross Receipts166490GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteBALAMANDEDUCATIONALFOUNDATION.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1996YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTO PROVIDE FUNDING FOR EDUCATIONAL INSTITUTIONS IN DEVELOPING COUNTRIES.ActivityOrMissionDescription
Nbr Voting Members Governing Body9NbrVotingMembersGoverningBody
Nbr Independent Voting Members9NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year5250ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year55220InvestmentIncomePriorYear
Investment Income Current Year161240InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year55220TotalRevenuePriorYear
Total Revenue Current Year166490TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY16772GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year8423OtherExpensePriorYear
Other Expenses Current Year5235OtherExpensesCurrentYear
Total Expenses Prior Year8423TotalExpensesPriorYear
Total Expenses Current Year22007TotalExpensesCurrentYear
Revenues Less Expenses Prior Year46797RevenuesLessExpensesPriorYear
Revenues Less Expenses CY144483RevenuesLessExpensesCY
Total Assets BOY2283457TotalAssetsBOY
Total Assets EOY2473419TotalAssetsEOY
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY2283457NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY2473419NetAssetsOrFundBalancesEOY
Mission DescriptionTO PROVIDE FUNDING FOR EDUCATIONAL INSTITUTIONS IN DEVELOPING COUNTRIES.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense16772Expense
Grants16772Grants
DescriptionSCHOLARSHIPSDescription
Total Program Service Expense16772TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip0ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations1MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members9NbrVotingGoverningBodyMembers
Number Independent Voting Members9NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body0Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Own WebsiteXOwnWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonFAWAZ EL KHOURYNamePerson
Telephone Number8007133015TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line110 ELI WHITNEY STREETAddressLine1
CityWESTBOROCity
StateMAState
ZIP Code01581ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
DR TALI BASHOUR
DIRECTOR0.50X000
NELSON EZEN ESQUIRE
DIRECTOR0.50X000
DR ANTOINE FERNEINI
DIRECTOR0.50X000
DONALD PETERS ESQUIRE
DIRECTOR0.50X000
DR BASSAM SAYEGH
DIRECTOR0.50X000
DR ELIAS AROUS
PRESIDENT1.00000X
MR FAWAZ EL KOURY
TREASURER1.00000X
MS RUTH NIMEE
CLERK0.50000X
DR ELIE SALEM
CHAIRMAN0.50000X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions5250AllOtherContributions
Total Contributions5250TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column161240TotalRevenueColumn
Related Or Exempt Function Income161240RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column166490TotalRevenueColumn
Related Or Exempt Function Income161240RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total16772Total
Program Services16772ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total5200Total
Management And General5200ManagementAndGeneral

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionTAXESDescription
Total35Total
Management And General35ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total22007Total
Program Services16772ProgramServices
Management And General5235ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY2283457BOY
EOY2473419EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY2283457BOY
EOY2473419EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY261050BOY
EOY451012EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY367407BOY
EOY367407EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1655000BOY
EOY1655000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY2283457BOY
EOY2473419EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY2283457BOY
EOY2473419EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses144483ReconcilationRevenueExpenses
Reconciliation Unrealized Invest45479ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited0FSAudited
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Community Trust170b1 AviXCommunityTrust170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2481744CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years100194CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years21200CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year45475CurrentTaxYearMinus1Year
Current Tax Year5250CurrentTaxYear
Total2653863Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2481744CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years100194CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years21200CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year45475CurrentTaxYearMinus1Year
Current Tax Year5250CurrentTaxYear
Total2653863Total
FieldValueIRS element (for citing)
Public Support Total1702653863PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years7341CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years23295CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years6082CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year5806CurrentTaxYearMinus1Year
Current Tax Year92304CurrentTaxYear
Total134828Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years11246CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year49414CurrentTaxYearMinus1Year
Current Tax Year114414CurrentTaxYear
Total175074Total
FieldValueIRS element (for citing)
Total Support2963765TotalSupport
Public Support Pertcentage1700.89540PublicSupportPertcentage170
Public Support Pertcent Prior Year0.96080PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance1655000BeginningOfYearBalance
End Of Year Balance1655000EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance1655000BeginningOfYearBalance
End Of Year Balance1655000EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance1655000BeginningOfYearBalance
End Of Year Balance1655000EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance1655000BeginningOfYearBalance
End Of Year Balance1655000EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Contributions1655000Contributions
End Of Year Balance1655000EndOfYearBalance
FieldValueIRS element (for citing)
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintained
Subtotal Number Of Offices0SubtotalNumberOfOffices
Subtotal Number Of Employees0SubtotalNumberOfEmployees
Cont Number Of Offices0ContNumberOfOffices
Cont Number Of Employees0ContNumberOfEmployees
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees0TotalNumberOfEmployees
Subtotal Amount Spent0SubtotalAmountSpent
Cont Amount Spent0ContAmountSpent
Total Amount Spent0TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS

FieldValueIRS element (for citing)
RegionMIDDLE EAST AND NORTH AFRICARegion
Purpose Of GrantSCHOLARSHIPSPurposeOfGrant
Amount Of Cash Grant16772AmountOfCashGrant
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorp
Interest In Foreign Trust0InterestInForeignTrust
Own Foreign Corp0OwnForeignCorp
Passive Foreign Invest Co0PassiveForeignInvestCo
Foreign Partnership0ForeignPartnership
Boycott Countries0BoycottCountries

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1BALAMAND UNIVERSITYBusinessNameLine1

Address Foreign AddressForeign

FieldValueIRS element (for citing)
Address Line1P O BOX 166378AddressLine1
CityACHRAFIEHCity
Province Or StateBEIRUTProvinceOrState
CountryLECountry
Postal Code1100 2807PostalCode
FieldValueIRS element (for citing)
Amount Of Cash Grant16772AmountOfCashGrant
Purpose Of GrantSCHOLARSHIPSPurposeOfGrant

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION B, LINE 11REVIEW IS CONDUCTED BY THE TREASURER.
FORM 990, PART VI, SECTION B, LINE 12CALL OFFICERS ARE NON-COMPENSATED VOLUNTEERS
FORM 990, PART VI, SECTION B, LINE 15ALL OFFICERS ARE NON-COMPENSATED VOLUNTEERS
FORM 990, PART VI, SECTION C, LINE 19ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT THE OFFICES OF THE ORGANIZATION

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