American University Of Beirut
- Assets
- $1.9b
- Revenue
- $608.3m
- Investments
- $370.2m
- Employees
- 496
- 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 06/2021, American University Of Beirut employed 496 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 6 years the organization has increased revenue by an average of 1.6% 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 SIX FACULTIES IN BEIRUT, LEBANON, SERVING APPROXIMATELY 7,600 STUDENTS. THE UNIVERSITY ALSO PROVIDES FACULTY AND SUPPORT THROUGH ITS EXTENSION AND RESEARCH PROGRAMS.
THE UNIVERSITY OPERATES AN APPROXIMATELY 400 BED TEACHING HOSPITAL, CLINICS, AND OTHER OUT-PATIENT FACILITIES AND RESEARCH LABORATORIES.
THE UNIVERSITY PROVIDES SUPPLEMENTAL PROGRAMS OF HOUSING FOR STUDENTS, FACULTY AND STAFF INCLUDING FOOD SERVICES, PARKING AND A FARM IN SUPPORT OF ITS ACTIVITIES.
THE UNIVERSITY OPERATES SIX FACULTIES IN BEIRUT, LEBANON, SERVING APPROXIMATELY 7,600 STUDENTS. THE UNIVERSITY ALSO PROVIDES FACULTY AND SUPPORT THROUGH ITS EXTENSION AND RESEARCH PROGRAMS.
THE UNIVERSITY OPERATES AN APPROXIMATELY 400 BED TEACHING HOSPITAL, CLINICS, AND OTHER OUT-PATIENT FACILITIES AND RESEARCH LABORATORIES.
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 |
|---|---|---|---|
Mohamad Sayegh Former Officer | 0 | $1,308,191 | |
Fadlo Khuri President/trustee | OfficerTrustee | 40 | $868,322 |
Ghazi Zaatari Interim Dean Medicine | Officer | 40 | $668,683 |
Shady Awwad Physician | 40 | $631,597 | |
Amir Ibrahim Physician | 40 | $620,045 | |
Ghassan Skaf Physician | 40 | $572,559 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ebco Bitar Sarl Engineering/bldg Svcs | 6/29/21 | $3,405,475 |
Samco Sarl Labor Service Agreement | 6/29/21 | $3,259,895 |
Patterson Beklnap Webb & Tyler Legal Counsel | 6/29/21 | $1,867,677 |
Deloitte & Touche Auditor | 6/29/21 | $912,347 |
Abousleiman & Partners Legal Counsel | 6/29/21 | $480,000 |
Ebco Bitar Sarl Engineering/bldg Svcs | 6/29/21 | $3,405,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,969,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,146,327 |
| Noncash contributions included in lines 1a–1f | $3,424,424 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,116,025 |
| Total Program Service Revenue | $500,934,664 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $1,738,440 |
| 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 |
| Net Land, buildings, and equipment | $464,763,581 |
| 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 | $815,912,402 |
| Net assets with donor restrictions | $784,631,916 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,902,791,001 |
Grants Recieved
Over the last fiscal year, we have identified 47 grants that American University Of Beirut has recieved totaling $8,702,707.
| Awarding Organization | Amount |
|---|---|
Elmer & Mamdouha Bobst Foundation Inc Harrison, NY PURPOSE: SUPPORT AUB NEW MEDICAL CENTER CAPITAL FUND | $3,950,000 |
Elmer & Mamdouha Bobst Foundation Inc Harrison, NY PURPOSE: SUPPORT RENOVATIONS TO NICELY HALL AND THE ELMER AND MAMDOUHA BOBST CHEMISTRY BUILDING | $1,000,000 |
Cleveland H Dodge Foundation Inc New York, NY PURPOSE: ONE-FOR-ONE MATCHING GRANT DIRECTED TO NORTH AMERICAN ALUMNI GIVING | $1,000,000 |
The Mastercard Foundation PURPOSE: Youth Learning | | $753,393 |
Elmer & Mamdouha Bobst Foundation Inc Harrison, NY PURPOSE: SUPPORT THE MAMDOUHA EL-SAYED BOBST MAMMOGRAPHY ENDOWED FUND | $425,000 |
Alarab Education Foundation Wailuku, HI PURPOSE: FOR EDUCATIONAL SCHOLARSHIPS. | $200,950 |
Endowment Analysis
| Beg. Balance | $609,015,813 |
| Earnings | $296,974,285 |
| Net Contributions | $12,809,494 |
| Other Expense | $26,503,492 |
| Ending Balance | $892,296,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |