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.
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 |
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 |
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 |
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 |
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 |
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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