Asher Center for Innovation and Entrepreneurship Foundation
Nonprofit profile at a glance
- EIN
- 883191952
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Warrensvl Hts, OH, USA
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $108,063
- Expenses
- $182,327
- Assets
- $37,082
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- Anthony Asher (Chairman of the Board of Directors)
- Jad Daye (Trustee)
- George E Kikano (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To ensure that Lebanese youth receive the education support and mentoring to become the leading entrepreneurs of their generation by providing funding for their wellbeing during their youth and educational scholarships as well as supporting entrepreneurial centers so that they receiving the guidance to develop their business ideas.
What it reported doing in 2024
Funds granted to SOS Childrens Villages Lebanon were used to support the emergency relocation of children and staff from the Bekaa region to Batroun-Kfarhay following the escalation of conflict in Lebanon. The site previously closed due to lack of funding required extensive cleaning repairs and re-equipping to provide a safe and nurturing environment. Our contribution helped restore the village ensuring childrens safety and access to education psychological support and recreational spaces. This effort provided stability and care for vulnerable children promoting their well-being and long-term development.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 100
- Sustainability: 13
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89.6%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -68.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.2; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -62.4% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -100.1% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 89.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $163K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.