Lebanese American University
- Assets
- $1.1b
- Revenue
- $229.6m
- Investments
- $304.5m
- Employees
- 216
- Location
- New York, NY
- Founding
- 01/1964
- Data as of
- 08/2019
- EIN
- 98-6001269
Lebanese American University 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 08/2019, Lebanese American University employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 08/2019, Lebanese American University generated $229.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $192.9m during the year ending 08/2019. While expenses have increased by 4.3% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
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 7,433 UNDERGRADUATE STUDENTS, 716 GRADUATE STUDENTS, AND 257 DOCTORAL-PROFESSIONAL PRACTICE STUDENTS.
SERVICES PROVIDED TO STUDENTS AND FACULTY, INCLUDING DORMITORIES, CAFETERIA AND PARKING.
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Lebanese American University Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joseph G Jabbra President | Officer | 40 | $704,582 |
Dr Michel Mawad Dean School Of Medicine | Officer | 40 | $617,526 |
Dr George Najjar Vice President For University Advancement | Officer | 40 | $440,835 |
Mr Roy Majdalani VP Hrus | Officer | 40 | $425,838 |
Mr Charles Abou Rjeily Vice President For Finance | Officer | 40 | $391,174 |
Dr George E Nasr Provost | Officer | 40 | $380,769 |
Lebanese American University Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Natcon Engineering & Contracting Sal Contractor | 8/30/19 | $7,141,040 |
Mouawad Edde Sarl Contractor | 8/30/19 | $5,346,895 |
Abniah Engineering & Contracting Contractor | 8/30/19 | $956,221 |
Matta Et Associes Sal Contractor | 8/30/19 | $4,812,338 |
Yl Engineering Sarl Contractor | 8/30/19 | $712,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,038,362 |
| Investment income | $19,657,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,785,764 |
| Net Income from Fundraising Events | -$65,887 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,626,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,900,952 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,761,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,435,550 |
| Pension plan accruals and contributions | $6,856,964 |
| Other employee benefits | $14,174,140 |
| Payroll taxes | $1,623,407 |
| Fees for services: Management | $6,085,204 |
| Fees for services: Legal | $537,825 |
| Fees for services: Accounting | $146,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,697,219 |
| Fees for services: Other | $0 |
| Advertising and promotion | $96,080 |
| Office expenses | $5,783,730 |
| Information technology | $2,395,272 |
| Royalties | $0 |
| Occupancy | $11,488,960 |
| Travel | $2,230,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,161,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,219,172 |
| Insurance | $974,104 |
| All other expenses | $0 |
| Total functional expenses | $192,893,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,565,408 |
| Savings and temporary cash investments | $98,987,193 |
| Pledges and grants receivable | $9,602,148 |
| Accounts receivable, net | $14,383,301 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,242 |
| Prepaid expenses and deferred charges | $2,847,097 |
| Investments—publicly traded securities | $352,164,488 |
| Investments—other securities | $304,541,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,135,204,778 |
| Accounts payable and accrued expenses | $51,113,100 |
| Grants payable | $0 |
| Deferred revenue | $7,496,955 |
| 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 | $54,140,601 |
| Total liabilities | $112,750,656 |
| Net assets without donor restrictions | $950,556,881 |
| Net assets with donor restrictions | $12,968,838 |
| Capital stock or trust principal, or current funds | $58,928,403 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,022,454,122 |
Lebanese American University Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lebanese American University has recieved totaling $36,702.
| Awarding Organization | Amount |
|---|---|
Frederic & Agnes Maloof Foundation Inc Weymouth, MA PURPOSE: GENERAL FUNDS | $30,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $6,702 |
Endowment Analysis
| Beg. Balance | $470,593,283 |
| Earnings | $5,648,096 |
| Admin Expense | -$4,942,998 |
| Net Contributions | $51,615,230 |
| Other Expense | -$49,270,369 |
| Grants | -$933,443 |
| Ending Balance | $472,709,799 |
Lebanese American University Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,146,125,008 | $936,054,028 |
Rochester Institute Of Technology Rochester, NY | $2,165,976,339 | $849,584,640 |
St Johns University New York Jamaica, NY | $1,490,909,375 | $810,687,746 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Villanova University Villanova, PA | $1,878,489,443 | $644,725,997 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,235,224,804 | $592,927,157 |
Rockefeller University New York, NY | $3,879,645,094 | $455,447,251 |
Lehigh University Bethlehem, PA | $2,533,120,795 | $506,773,429 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Brandeis University Waltham, MA | $1,638,021,472 | $457,392,877 |
Seton Hall University South Orange, NJ | $814,560,000 | $456,494,000 |
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