Civic Intelligence

Balamand Educational Foundation Inc.

990 • Fiscal year 2016 • EIN 04-3296470

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 10, 2017

Organization ProfileBALAMANDEDUCATIONALFOUNDATION.ORG
15 Railroad DrNorthborough, MA 01532

(800) 713-3015

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

7th percentile

-49%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

54th percentile

2.4%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-61%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,387,736

Up $79,880 (+2.4%) from 2015

Net Assets

Up

$3,387,736

Up $79,880 (+2.4%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin7th percentile

Revenue

Down

$117,933

Down $182,237 (-61%) from 2015

Expenses

Down

$175,144

Down $178,652 (-50%) from 2015

Net Income

Down

-$57,211

Down $3,585 (-6.7%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,236,660Liabilities 2010: $0Net Assets 2010: $2,236,6602010Assets 2011: $2,283,457Liabilities 2011: $0Net Assets 2011: $2,283,4572011Assets 2012: $2,473,419Liabilities 2012: $0Net Assets 2012: $2,473,4192012Assets 2013: $3,535,657Liabilities 2013: $0Net Assets 2013: $3,535,6572013Assets 2014: $3,550,744Liabilities 2014: $0Net Assets 2014: $3,550,7442014Assets 2015: $3,307,856Liabilities 2015: $0Net Assets 2015: $3,307,8562015Assets 2016: $3,387,736Liabilities 2016: $0Net Assets 2016: $3,387,7362016Assets 2017: $4,375,753Liabilities 2017: $0Net Assets 2017: $4,375,7532017Assets 2018: $4,130,486Liabilities 2018: $0Net Assets 2018: $4,130,4862018Assets 2019: $4,749,426Liabilities 2019: $0Net Assets 2019: $4,749,4262019Assets 2020: $5,173,999Liabilities 2020: $0Net Assets 2020: $5,173,9992020Assets 2021: $5,797,001Liabilities 2021: $0Net Assets 2021: $5,797,0012021Assets 2022: $4,570,353Liabilities 2022: $0Net Assets 2022: $4,570,3532022Assets 2023: $5,306,582Liabilities 2023: $0Net Assets 2023: $5,306,5822023Assets 2024: $5,769,022Liabilities 2024: $0Net Assets 2024: $5,769,0222024

Highlighted filing

2016

Assets$3,387,736
Liabilities$0
Net Assets$3,387,736
Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $162,6612010Expenses 2011: $8,4232011Expenses 2012: $22,0072012Revenue 2013: $1,071,507Expenses 2013: $203,826Net Income 2013: $867,6812013Revenue 2014: $223,060Expenses 2014: $227,871Net Income 2014: -$4,8112014Revenue 2015: $300,170Expenses 2015: $353,796Net Income 2015: -$53,6262015Revenue 2016: $117,933Expenses 2016: $175,144Net Income 2016: -$57,2112016Revenue 2017: $859,979Expenses 2017: $158,482Net Income 2017: $701,4972017Revenue 2018: $296,503Expenses 2018: $186,402Net Income 2018: $110,1012018Revenue 2019: $257,129Expenses 2019: $225,304Net Income 2019: $31,8252019Revenue 2020: $490,804Expenses 2020: $203,535Net Income 2020: $287,2692020Revenue 2021: $455,892Expenses 2021: $164,702Net Income 2021: $291,1902021Revenue 2022: $344,516Expenses 2022: $311,059Net Income 2022: $33,4572022Revenue 2023: $185,829Expenses 2023: $33,758Net Income 2023: $152,0712023Revenue 2024: $492,030Expenses 2024: $189,890Net Income 2024: $302,1402024

Highlighted filing

2016

Revenue$117,933
Expenses$175,144
Net Income-$57,211
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 10, 2017
Return Version
2016v3.0
Gross Receipts
$1,987,745
Mission and Program Overview

Mission

To provide funding for educational institutions in developing countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,069,761$3,387,736▲ $317,975
Pledges and Grants Receivable$238,095--
Total Assets$3,307,856$3,387,736▲ $79,880
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,655,000$1,655,000→ $0
Temporarily Rstr Net Assets$1,135,407$1,197,544▲ $62,137
Unrestricted Net Assets$517,449$535,192▲ $17,743
Total Net Assets Fund Balance$3,307,856$3,387,736▲ $79,880
Total Liabilities and Net Assets / Fund Balance$3,307,856$3,387,736▲ $79,880

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,655,000---$1,655,000
2015$1,655,000---$1,655,000
2014$1,655,000---$1,655,000
2013$1,655,000---$1,655,000
2012$1,655,000---$1,655,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Dr Elie SalemChairman
Dr Elias ArousPresident
Donald Peters EsquireDirector
Dr Antoine FerneiniDirector
Dr Bassam SayeghDirector
Dr Tali BashourDirector
Nelson Ezen EsquireDirector
Ruth NimeeClerk
Mr Fawaz El KouryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,228
Program Service Revenue
$0
Investment Income
$78,705
Other Revenue
$0
All Other Contributions
$39,228
Change in Net Assets
$-57,211

Audited Revenue Reconciliation

Revenue per Audited Statements
$117,933
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$137,091
Total Revenue per Audited Statements
$255,024
Total Revenue per Form 990
$117,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$146,209
Other Expenses$28,935
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$146,209--$146,209
Fees for Service Investment Mgmnt Fees-$25,016-$25,016
Fees for Services Accounting-$3,000-$3,000
Other Expenses-$584-$584
Fees for Services Legal-$200-$200
Office Expenses-$135-$135
Total Functional Expenses$146,209$28,935$0$175,144

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$175,144
Total Expenses per Audited Statements$175,144
Total Expenses per Form 990$175,144
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Review is conducted by the treasurer.”

Form 990, Part VI, Section B, Line 12C

“All officers are non-compensated volunteers”

Form 990, Part VI, Section B, Line 15

“All officers are non-compensated volunteers”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies and financial statements are available for review at the offices of the organization”

Filing and Contact Details

Filer

Filer Name
Balamand Educational Foundation Inc
EIN
04-3296470
Phone
8007133015
Address
15 RAILROAD DR, NORTHBOROUGH, MA 01532

Signing Officer

Name
Fawaz Khoury
Title
Treasurer
Phone
8007133015
Signed
2017-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fawaz Khoury
Formed
1996
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Houssan & Ojerholm Pc
Address
27 WEST MOUNTAIN ST, WORCESTER, MA 01606-1342
Preparer
Michael E Houssan
Phone
5087919501
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01655000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01655000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01655000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01655000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01655000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01655000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01655000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01655000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01655000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0175144
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0137091
IRS990ScheduleD/RevenueNotReportedAmt0137091
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0117933
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0175144
IRS990ScheduleD/TotalRevenuePerForm990Amt0117933
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0255024
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0175144
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW IS CONDUCTED BY THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS ARE NON-COMPENSATED VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS ARE NON-COMPENSATED VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT THE OFFICES OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01135407
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01197544
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03307856
IRS990/TotalAssetsEOYAmt03387736
IRS990/TotalAssetsGrp/BOYAmt03307856
IRS990/TotalAssetsGrp/EOYAmt03387736
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt039228
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028935
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0146209
IRS990/TotalFunctionalExpensesGrp/TotalAmt0175144
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03307856
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03387736
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0146209
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078705
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0117933
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03307856
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03387736
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0517449
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0535192
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015 RAILROAD DR
IRS990/USAddress/CityNm0NORTHBOROUGH
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001532
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0BALAMANDEDUCATIONALFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FAWAZ KHOURY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08007133015
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BALAMAND EDUCATIONAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BALA
ReturnHeader/Filer/EIN0043296470
ReturnHeader/Filer/PhoneNum08007133015
ReturnHeader/Filer/USAddress/AddressLine1Txt015 RAILROAD DR
ReturnHeader/Filer/USAddress/CityNm0NORTHBOROUGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001532
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId018408E89BC9FF9BCFAE6D8ED4C854E8C0EA43BB7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C9F27FE29006DED4E4ECB275893047AC9F4C15B3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.39.45.110
ReturnHeader/FilingSecurityInformation/IPDt02017-10-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:14:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261588653
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOUSSAN & OJERHOLM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027 WEST MOUNTAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WORCESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0016061342
ReturnHeader/PreparerPersonGrp/PhoneNum05087919501
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL E HOUSSAN
ReturnHeader/ReturnTs02017-10-26T14:57:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,387,736
Liabilities
$0
Net assets
$3,387,736
Revenue
$117,933
Expenses
$175,144
Net income
-$57,211
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.77$0.00$5.77$0.49$0.19$0.30
2023Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.31$0.00$5.31$0.19$0.03$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.00$4.57$0.34$0.31$0.03
2021Detailed filing. Detailed filing data is available for this year.$5.80$0.00$5.80$0.46$0.16$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$0.00$5.17$0.49$0.20$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.75$0.00$4.75$0.26$0.23$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$0.00$4.13$0.30$0.19$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.00$4.38$0.86$0.16$0.70
2016Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$0.12$0.18$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.00$3.31$0.30$0.35$0.05
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.55$0.00$3.55$0.22$0.23$0.00
2013Detailed filing. Detailed filing data is available for this year.$3.54$0.00$3.54$1.07$0.20$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.00$2.47$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.00$2.28$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.00$2.24$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits