Lebanese American University
- Assets
- $1.1b
- Revenue
- $212.2m
- Investments
- $328.5m
- Employees
- 193
- Location
- New York, NY
- Founding
- 01/1964
- Data as of
- 08/2020
- EIN
- 98-6001269
Organization Overview
Lebanese American University is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2021, Lebanese American University employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lebanese American University 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 08/2020, Lebanese American University generated $212.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $193.0m during the year ending 08/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LEBANESE AMERICAN UNIVERSITY IS COMMITTED TO ACADEMIC EXCELLENCE, STUDENT-CENTEREDNESS, CIVIC ENGAGEMENT, THE ADVANCEMENT OF SCHOLARSHIP, THE EDUCATION OF THE WHOLE PERSON, AND THE FORMATION OF LEADERS IN A DIVERSE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HIGHER EDUCATION TO 6,984 UNDERGRADUATE STUDENTS, 793 GRADUATE STUDENTS, AND 267 DOCTORAL-PROFESSIONAL PRACTICE STUDENTS.
SERVICES PROVIDED TO STUDENTS AND FACULTY, INCLUDING DORMITORIES, CAFETERIA AND PARKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michel Elias Mawad President | Officer | 40 | $767,526 |
Dr Joseph George Jabbra President - Part Year | Officer | 40 | $679,445 |
Mr Roy Farajallah Majdalani Vice President For Administration | Officer | 40 | $449,433 |
Mr Charles George Abou Rjeily Vice President For Finance | Officer | 40 | $429,424 |
Dr George Khalil Najjar Vice President For University Advancement | Officer | 40 | $424,039 |
Dr George Elias Nasr Provost | Officer | 40 | $373,046 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mouawad-edde Sal Contractor | 8/30/21 | $3,010,239 |
Matta Et Associes Sal Contractor | 8/30/21 | $1,641,952 |
Maalouf Trading & Contracting Sal Contractor | 8/30/21 | $1,591,715 |
Sogelec Engineering Sarl Contractor | 8/30/21 | $1,188,673 |
Imar Trading & Contracting Sal Contractor | 8/30/21 | $879,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,169,103 |
| Investment income | $15,263,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,073,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,173,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $42,579,903 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,298,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,972,811 |
| Pension plan accruals and contributions | $6,522,207 |
| Other employee benefits | $13,265,759 |
| Payroll taxes | $1,612,526 |
| Fees for services: Management | $2,225,894 |
| Fees for services: Legal | $404,385 |
| Fees for services: Accounting | $153,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,749,892 |
| Fees for services: Other | $0 |
| Advertising and promotion | $91,160 |
| Office expenses | $4,550,743 |
| Information technology | $1,225,103 |
| Royalties | $0 |
| Occupancy | $13,331,956 |
| Travel | $941,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $373,598 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,474,806 |
| Insurance | $860,695 |
| All other expenses | $0 |
| Total functional expenses | $192,951,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,399,324 |
| Savings and temporary cash investments | $28,127,495 |
| Pledges and grants receivable | $4,421,169 |
| Accounts receivable, net | $20,652,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,316 |
| Prepaid expenses and deferred charges | $2,172,727 |
| Investments—publicly traded securities | $384,587,255 |
| Investments—other securities | $328,456,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,142,686,999 |
| Accounts payable and accrued expenses | $51,781,483 |
| Grants payable | $0 |
| Deferred revenue | $10,666,309 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,977,270 |
| Total liabilities | $85,425,062 |
| 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 | $1,057,261,937 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lebanese American University has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Frederic & Agnes Maloof Foundation Inc Weymouth, MA PURPOSE: GENERAL FUNDS | $25,000 |
Endowment Analysis
| Beg. Balance | $500,195,237 |
| Earnings | $154,469,277 |
| Admin Expense | -$6,169,948 |
| Net Contributions | $15,407,083 |
| Other Expense | -$48,872,548 |
| Grants | -$1,086,860 |
| Ending Balance | $613,942,241 |
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 |