Nonprofit · EIN 87-1274602
LEBANESE AMERICAN BUSINESS COUNCIL INC
Also known as LAB C
Tax-exempt · WASHINGTON, DC 20008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $77,000 | $76,020 | $980 | $6,004 | $5,855 | $149 |
| December 31, 2024 | 990-EZ | $59,942 | $60,773 | -$831 | $5,024 | $5,855 | -$831 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $77,000
Expenses
- Compensation of officers, directors and key employees
- $66,100
- Professional fees and payments to contractors
- $66,100
- Other expenses
- $9,920
- Program services (functional)
- $75,995
Balance sheet and other
- Total assets, start of year
- $5,024
- Total assets, end of year
- $6,004
- Total liabilities, end of year
- $5,855
- Net assets, end of year
- $149
- Cash, savings and investments
- $6,004
- Gross receipts
- $77,000
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL TFAILI | SECRETARY | 20 | $66,100 |
990-EZ for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL TFAILI | SECRETARY | 20 | $58,860 |
Address and contacts
- Address (IRS master file)
- 2458 WYOMING AVE NW, WASHINGTON, DC 20008-1643
- In care of
- % MICHAEL TFAILI
- Mailing address (990-N for 2023)
- 2458 WYOMING AVE NW, Washington DC 20008
- Principal officer (990-N for 2023)
- MICHAEL TFAILI, 2458 WYOMING AVE NW, WASHINGTON DC 20008
- Signed the 990-EZ
- MICHAEL TFAILI, SECRETARY
- Website
- https//lab-c.org/
- Return prepared by
- Tarraf & Associates PC
Mission
LAB-C is the premier business advocacy organization for Lebanese businessmen and U.S. companies. The Council represents a variety of industries, including consumer goods, defense, energy, healthcare, infrastructure, logistics, security, technology, travel and tourism.
Program accomplishments
- LAB-C is the premier business advocacy organization for Lebanese businessmen and U.S. companies. The Council represents a variety of industries, including consumer goods, defense, energy, healthcare, infrastructure, logistics, secExpenses $75,995
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-1274602
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B03)
- Assets (IRS master file)
- $6,004
- Income (IRS master file)
- $77,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $77,000 | $76,020 | $6,004 | XML |
| 990-EZ | December 2024 | $59,942 | $60,773 | $5,024 | XML |
| 990-N for 2023 Officer: MICHAEL TFAILI | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: MICHAEL TFAILI | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1274602).
Questions about LEBANESE AMERICAN BUSINESS COUNCIL INC
- What is the EIN of LEBANESE AMERICAN BUSINESS COUNCIL INC?
- The employer identification number (EIN) of LEBANESE AMERICAN BUSINESS COUNCIL INC is 87-1274602.
- Is LEBANESE AMERICAN BUSINESS COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2025.
- Are donations to LEBANESE AMERICAN BUSINESS COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEBANESE AMERICAN BUSINESS COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEBANESE AMERICAN BUSINESS COUNCIL INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEBANESE AMERICAN BUSINESS COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of LEBANESE AMERICAN BUSINESS COUNCIL INC?
- The 990-N for 2023 names MICHAEL TFAILI.
- Who are the officers and directors of LEBANESE AMERICAN BUSINESS COUNCIL INC?
- The 990-EZ for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $66,100 (MICHAEL TFAILI, SECRETARY).
- How much revenue does LEBANESE AMERICAN BUSINESS COUNCIL INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $77,000, expenses of $76,020 and total assets of $6,004 at year end.
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