Lebnet

Nonprofit profile at a glance

EIN
273472825
IRS 990 coverage
2018–2025
Forms available
Form 990 2025, Form 990-EZ 2024, Form 990-N 2015
Location
San Mateo, CA, USA
Phone
6505393536
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$579,022
Expenses
$129,294
Assets
$658,509
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • George Akiki (President and Board Member)
  • Jeanine Akiki (Executive Director and Board Member)

Highest reported compensation

  • Jeanine Akiki (Executive Director and Board Member): $60,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Educate and mentor Lebanese and Lebanese-American professionals and students in the field of High-Tech.

What it reported doing in 2025

Key Programs were the following: 1) Tech Fellows, a 5-month fellowship nurturing the next generation of Lebanese technologists, equipping them with the skills and network needed to transition into tech careers. 2) Soft Landing Awards $1,000 stipends to senior Lebanese engineering students pursuing graduate studies in the U.S. or Canada, paired with a LebNet mentor. 3) Internships: 20 internships offered in 2025 led to Lebanese students being hired across Lebanon, the U.S. and Canada. 4) Job Board & Referrals: A community-created platform posting opportunities across all tech industries, including remote, part-time, full-time, and internships. 5) Bireme Awards: Recognized 6 exceptional Lebanese diaspora members for their contributions to the tech sector. [NOTE: Revenue and expenses for all programs are summed in Line 4c.]

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 85
  • Accountability: 79
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 19.8%; rating input score 20
  • Program expense ratio: 88.5%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 77.7%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 5.09; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 46.4%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -4.1% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 10% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 21.2% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 19.8% of revenue deployed · 88.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $114K in reported program spending
  • Leadership: top reported pay $60K · 19 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 20/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 2/100.