American University Of Beirut
- Assets
- $1.9b
- Revenue
- $608.3m
- Investments
- $370.2m
- Employees
- 343
- Location
- New York, NY
- Founding
- 12/1947
- Data as of
- 06/2021
- EIN
- 13-5596846
Organization Overview
American University Of Beirut is located in New York, NY. The organization was established in 1947. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, American University Of Beirut employed 343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American University Of Beirut is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American University Of Beirut generated $608.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $498.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND HEALTHCARE IN BEIRUT, LEBANON
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OPERATES A 392 BED TEACHING HOSPITAL, CLINICS, AND OTHER OUT-PATIENT FACILITIES AND RESEARCH LABORATORIES.
THE UNIVERSITY OPERATES SIX FACULTIES IN BEIRUT, LEBANON, SERVING 7,838 STUDENTS. THE UNIVERSITY ALSO PROVIDES FACULTY AND SUPPORT THROUGH ITS EXTENSION AND RESEARCH PROGRAMS.
THE UNIVERSITY PROVIDES SUPPLEMENTAL PROGRAMS OF HOUSING FOR STUDENTS, FACULTY AND STAFF INCLUDING FOOD SERVICES, PARKING AND A FARM IN SUPPORT OF ITS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Rachid Kassem Haidar Physician | 40 | $2,159,185 | |
Dr Bahaa Nayef Noureddine Physician | 40 | $2,102,620 | |
Ghina Ghazeeri Physician | 40 | $1,911,358 | |
Said Saghieh Physician | 40 | $1,746,491 | |
Dr Sally Naji Temraz Physician | 40 | $1,654,100 | |
Fadlo R Khuri President | OfficerTrustee | 40 | $963,109 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte & Touche Llp Accounting Services | 6/29/23 | $1,008,771 |
Patterson Belknap Webb & Tyler Llp Legal Services | 6/29/23 | $1,337,877 |
Jv Societe Fawaz Sarlecoline Servi Medical Cleaning Services | 6/29/23 | $772,778 |
International Computer & Communications Information Technology | 6/29/23 | $620,312 |
Apis - Health Consulting Group Sal Hospital Management | 6/29/23 | $501,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,116,025 |
| Investment income | $34,026,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,775,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,300,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $60,080,098 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,126,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,808,096 |
| Pension plan accruals and contributions | $6,396,765 |
| Other employee benefits | $45,327,809 |
| Payroll taxes | $5,253,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,487,610 |
| Fees for services: Accounting | $666,001 |
| Fees for services: Lobbying | $228,920 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,405,029 |
| Fees for services: Other | $5,955,387 |
| Advertising and promotion | $390,470 |
| Office expenses | $15,225,401 |
| Information technology | $7,157,932 |
| Royalties | $0 |
| Occupancy | $22,522,041 |
| Travel | $848,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $571,628 |
| Interest | $1,160,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,850,157 |
| Insurance | $2,029,910 |
| All other expenses | $0 |
| Total functional expenses | $497,971,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,753,292 |
| Savings and temporary cash investments | $79,702,439 |
| Pledges and grants receivable | $26,588,585 |
| Accounts receivable, net | $36,110,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,695,140 |
| Prepaid expenses and deferred charges | $8,073,234 |
| Investments—publicly traded securities | $700,461,628 |
| Investments—other securities | $370,226,069 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,416,848 |
| Total assets | $1,902,791,001 |
| Accounts payable and accrued expenses | $39,741,180 |
| Grants payable | $0 |
| Deferred revenue | $28,608,331 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $38,055,555 |
| Unsecured mortgages and notes payable | $14,035,282 |
| Other liabilities | $181,806,335 |
| Total liabilities | $302,246,683 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,600,544,318 |