Lebnet
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Educate and mentor Lebanese and Lebanese-American professionals and students in the field of High-Tech.
- Income
- $579,022
- Spending
- $129,294
- Spent on programs
- 89%
- Reserves
- 61.1 months of spending
- Largest source of income
- donations and private grants, 93%
- Employees
- 0
- Volunteers
- 200
- Highest pay
- $60,000, executive director and board member
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 85% of charities in its peer group (education, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 61.1 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 78% of income.
Income trend
15 of 15Income rose 266% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 76 out of 100. Higher than 61% of charities in its peer group (education, $250k to $1m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- LebNets primary purpose is to educate Lebanese and Lebanese-American professionals, students and start-up companies in the high-tech field through networking, meetings, round-tables, training sessions, mentoring activities and other educational events. In 2025, LebNet continued its strong focus on building vibrant communities and hosting impactful events, with 50 events and a growing follower base of over 4,000.
- Communities: 62 Events (66% year-to-year growth) were held in the Bay Area Pacific Northwest, Toronto, Montreal, Mid-Atlantic, LA/Orange County, New York, and San Diego. We expanded to 3 new communities in Atlanta, Chicago and Michigan. Our Women in Tech and Early in Career communities stayed highly engaged with webinars, mentorship, and giving back to Lebanon. LebNet remains committed to its programs that empower Lebanese professionals and entrepreneurs globally, with a strong focus on Women in Tech, Early in Career, and Students.
- $114,372 spent. 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.]
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2011.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.