Lebanese American University
- Assets
- $1.2b
- Revenue
- $236.1m
- Investments
- $406.7m
- Employees
- 152
- Location
- New York, NY
- Founding
- 01/1964
- Data as of
- 08/2023
- 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 08/2023, Lebanese American University employed 152 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 08/2023, Lebanese American University generated $236.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $229.7m during the year ending 08/2023. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
PROVIDES HIGHER EDUCATION TO 7,228 UNDERGRADUATE STUDENTS, 727 GRADUATE STUDENTS, AND 273 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 |
|---|---|---|---|
Mr George Doumet Secretary | OfficerTrustee | 1 | $0 |
Mr Philip Stoltzfus Chairman Of The Board | OfficerTrustee | 1 | $0 |
Mr Mike Ahmar Vice Chairman Of The Board | OfficerTrustee | 1 | $0 |
Mrs Darla Moore Trustee | Trustee | 1 | $0 |
Dr Moise Khayrallah Trustee | Trustee | 1 | $0 |
Mrs Sallama Bu Haydar Al Sayegh Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mouawad-edde Sal Construction | 8/30/23 | $694,313 |
Tiger Contracting Company Sarl Construction | 8/30/23 | $413,014 |
Target Engineering Construction | 8/30/23 | $373,088 |
Samir S Hani & Co Sal Healthcare Consulting | 8/30/23 | $345,582 |
Malia Development Sal Construction | 8/30/23 | $348,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $368,110 |
| Related organizations | $0 |
| Government grants | $21,362,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,251,125 |
| Noncash contributions included in lines 1a–1f | $85,618 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,981,521 |
| Total Program Service Revenue | $179,817,274 |
| Investment income | $16,484,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,059,885 |
| Net Income from Fundraising Events | -$278,609 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,064,899 |
| 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 | $79,944,181 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,441,157 |
| Compensation of current officers, directors, key employees. | $2,702,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,885,933 |
| Pension plan accruals and contributions | $13,460,637 |
| Other employee benefits | $11,948,225 |
| Payroll taxes | $1,296,426 |
| Fees for services: Management | $1,994,925 |
| Fees for services: Legal | $406,580 |
| Fees for services: Accounting | $116,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,476,846 |
| Fees for services: Other | $0 |
| Advertising and promotion | $160,778 |
| Office expenses | $3,940,100 |
| Information technology | $111,042 |
| Royalties | $0 |
| Occupancy | $18,783,197 |
| Travel | $1,225,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $253,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,425,518 |
| Insurance | $1,447,546 |
| All other expenses | $1,029,538 |
| Total functional expenses | $229,696,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,954,203 |
| Savings and temporary cash investments | $15,805,892 |
| Pledges and grants receivable | $1,067,256 |
| Accounts receivable, net | $41,202,612 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,068 |
| Prepaid expenses and deferred charges | $1,990,997 |
| Net Land, buildings, and equipment | $312,112,696 |
| Investments—publicly traded securities | $397,474,705 |
| Investments—other securities | $406,734,803 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,207,478,232 |
| Accounts payable and accrued expenses | $35,591,966 |
| Grants payable | $0 |
| Deferred revenue | $14,087,880 |
| 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 | $176,164 |
| Total liabilities | $49,856,010 |
| Net assets without donor restrictions | $1,082,047,448 |
| Net assets with donor restrictions | $75,574,774 |
| 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 | $1,207,478,232 |