Civic Intelligence

Balamand Educational Foundation Inc.

990 • Fiscal year 2019 • EIN 04-3296470

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 14, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

74th percentile

15%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,749,426

Up $618,940 (+15%) from 2018

Net Assets

Up

$4,749,426

Up $618,940 (+15%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$257,129

Down $39,374 (-13%) from 2018

Expenses

Up

$225,304

Up $38,902 (+21%) from 2018

Net Income

Down

$31,825

Down $78,276 (-71%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$4,749,426
Liabilities$0
Net Assets$4,749,426

Operations Trend

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

2019

Revenue$257,129
Expenses$225,304
Net Income$31,825
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 14, 2020
Return Version
2019v5.1
Gross Receipts
$257,129
Mission and Program Overview

Mission

To provide funding for educational institutions in developing countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,106,599$4,728,972▲ $622,373
Cash and Non-Interest-Bearing Accounts$23,887$20,454▼ $3,433
Total Assets$4,130,486$4,749,426▲ $618,940
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,522,822$4,059,675▲ $536,853
Net Assets Without Donor Restrictions$607,664$689,751▲ $82,087
Total Net Assets Fund Balance$4,130,486$4,749,426▲ $618,940
Total Liabilities and Net Assets / Fund Balance$4,130,486$4,749,426▲ $618,940

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,655,000---$1,655,000
2018$1,655,000---$1,655,000
2017$1,655,000---$1,655,000
2016$1,655,000---$1,655,000
2015$1,655,000---$1,655,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$32,540
Program Service Revenue
$0
Investment Income
$224,589
Other Revenue
$0
All Other Contributions
$32,540
Change in Net Assets
$31,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$257,129
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$587,115
Total Revenue per Audited Statements
$844,244
Total Revenue per Form 990
$257,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$160,000
Other Expenses$65,304
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$160,000--$160,000
Fees for Service Investment Mgmnt Fees-$31,821-$31,821
Conferences and Meetings$22,743--$22,743
Fees for Services Accounting-$10,414-$10,414
Office Expenses-$326-$326
Total Functional Expenses$182,743$42,561$0$225,304

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$225,304
Total Expenses per Audited Statements$225,304
Total Expenses per Form 990$225,304
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 35% controlled entity
No
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
2020-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fawaz Khoury
Formed
1996
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Houssan & Ojerholm Pc
Address
333 SHREWSBURY STREET, WORCESTER, MA 01604-4614
Preparer
Michael E Houssan
Phone
5087919501
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization follows the accounting for uncertainty in income taxes standards which requires reporting of certain tax positions, related interest and penalties and to adjust its assets and liabilities related to unrecognized tax benefits and accrued interest and penalties. The organization believes that it has appropriate support for the positions taken on their tax returns. As of december 31, 2019, the organization does not have any material tax positions that require disclosure or recognition.

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FUNDING FOR EDUCATIONAL INSTITUTIONS IN DEVELOPING COUNTRIES.
IRS990/AllOtherContributionsAmt032540
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0FAWAZ EL KHOURY
IRS990/BooksInCareOfDetail/PhoneNum08007133015
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt015 RAILROAD DR
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORTHBOROUGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001532
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt023887
IRS990/CashNonInterestBearingGrp/EOYAmt020454
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt022743
IRS990/ConferencesMeetingsGrp/TotalAmt022743
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt032540
IRS990/CYGrantsAndSimilarPaidAmt0160000
IRS990/CYInvestmentIncomeAmt0224589
IRS990/CYOtherExpensesAmt065304
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt031825
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0225304
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0257129
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SCHOLARSHIPS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03522822
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04059675
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0182743
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010414
IRS990/FeesForServicesAccountingGrp/TotalAmt010414
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt031821
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt031821
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt0160000
IRS990/ForeignGrantsGrp/TotalAmt0160000
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0DR ELIAS WARRAK
IRS990/Form990PartVIISectionAGrp/PersonNm1DR HENRY WARD
IRS990/Form990PartVIISectionAGrp/PersonNm2DR TALI BASHOUR
IRS990/Form990PartVIISectionAGrp/PersonNm3NELSON EZEN ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm4SALIM ABBOUD
IRS990/Form990PartVIISectionAGrp/PersonNm5DR IBRAHIM EID
IRS990/Form990PartVIISectionAGrp/PersonNm6DR MARSEL HURIBAL
IRS990/Form990PartVIISectionAGrp/PersonNm7DR LAILA KOBROSSY AUDI
IRS990/Form990PartVIISectionAGrp/PersonNm8JACQUES NADER
IRS990/Form990PartVIISectionAGrp/PersonNm9DR ANTHONY TANNOURY
IRS990/Form990PartVIISectionAGrp/PersonNm10DR ELIAS AROUS
IRS990/Form990PartVIISectionAGrp/PersonNm11FAWAZ EL KHOURY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt088394
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt0160000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt088394
IRS990/GrossReceiptsAmt0257129
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0136195
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0136195
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FUNDING FOR EDUCATIONAL INSTITUTIONS IN DEVELOPING COUNTRIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt04130486
IRS990/NetAssetsOrFundBalancesEOYAmt04749426
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt088394
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt088394
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0587115
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0607664
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0689751
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0326
IRS990/OfficeExpensesGrp/TotalAmt0326
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FAWAZ KHOURY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt083796
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0118016
IRS990/PYInvestmentIncomeAmt0212707
IRS990/PYOtherExpensesAmt068386
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0110101
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0186402
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0296503
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt031825
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04106599
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04728972
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt032540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt083796
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0636193
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt039228
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt042900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0834657
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0136195
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0120637
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt099313
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt095406
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0110687
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0562238
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0675509
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-263298
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0411349
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0120390
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-44679
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0899271
IRS990ScheduleA/PublicSupportCY170Pct00.36350
IRS990ScheduleA/PublicSupportPY170Pct00.49810
IRS990ScheduleA/PublicSupportTotal170Amt0834657
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt032540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt083796
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0636193
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt039228
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt042900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0834657
IRS990ScheduleA/TotalSupportAmt02296166
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01655000
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/ExpensesSubtotalAmt0225304
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0587115
IRS990ScheduleD/RevenueNotReportedAmt0587115
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0257129
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARDS WHICH REQUIRES REPORTING OF CERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON THEIR TAX RETURNS. AS OF DECEMBER 31, 2019, THE ORGANIZATION DOES NOT HAVE ANY MATERIAL TAX POSITIONS THAT REQUIRE DISCLOSURE OR RECOGNITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0225304
IRS990ScheduleD/TotalRevenuePerForm990Amt0257129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0844244
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0225304
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
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/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04130486
IRS990/TotalAssetsEOYAmt04749426
IRS990/TotalAssetsGrp/BOYAmt04130486
IRS990/TotalAssetsGrp/EOYAmt04749426
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt032540
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042561
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182743
IRS990/TotalFunctionalExpensesGrp/TotalAmt0225304
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04130486
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04749426
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0182743
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224589
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0257129
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04130486
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04749426
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015 RAILROAD DR
IRS990/USAddress/CityNm0NORTHBOROUGH
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001532
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0BALAMANDEDUCATIONALFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FAWAZ KHOURY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08007133015
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-14
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2019Detailed filing. Detailed filing data is available for this year.$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
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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