2024-06-26T09:28:15-05:00 2023-08-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2022-09-01 986001269 LEBANESE AMERICAN UNIVERSITY LEBA 2128702592 211 E 46TH STREET NEW YORK NY 100172935 MR CHARLES ABOU RJEILY VP OF FINANCE 2122034333 2024-02-05 1 MR CHARLES ABOU RJEILY 986001269 0 AMY CIMINELLO P00796388 2483757100 2024-06-21 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR MICHEL ELIAS MAWAD 211 E 46TH STREET NEW YORK NY 100172935 247406049 0 X WWW.LAU.EDU.LB X 1950 NY 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. 25 25 152 25 -2441813 0 22967642 26981521 181921451 179817274 25013577 29544713 1827466 -278609 231730136 236064899 70179604 79944181 0 0 57218164 75032378 0 0 2249758 126407002 74720390 253804770 229696949 -22074634 6367950 1163293353 1207478232 32028122 49856010 1131265231 1157622222 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. 0 0 167523107 79944181 176473110 PROVIDES HIGHER EDUCATION TO 7,228 UNDERGRADUATE STUDENTS, 727 GRADUATE STUDENTS, AND 273 DOCTORAL-PROFESSIONAL PRACTICE STUDENTS. 1643179 3335694 SERVICES PROVIDED TO STUDENTS AND FACULTY, INCLUDING DORMITORIES, CAFETERIA AND PARKING. 169166286 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 1 1 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 X 465 0 1 152 1 1 1 1 LE UK LU CJ 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X CHARLES ABOU RJEILY 2122034333 211 E 46TH ST NEW YORK NY 100172935 MR GEORGE DOUMET SECRETARY 1.00 0.00 X X 0 0 0 MR PHILIP STOLTZFUS CHAIRMAN OF THE BOARD 1.00 0.00 X X 0 0 0 MR MIKE AHMAR VICE CHAIRMAN OF THE BOARD 1.00 0.00 X X 0 0 0 MRS DARLA MOORE TRUSTEE 1.00 0.00 X 0 0 0 DR MOISE KHAYRALLAH TRUSTEE 1.00 0.00 X 0 0 0 MRS SALLAMA BU HAYDAR AL SAYEGH TRUSTEE 1.00 0.00 X 0 0 0 MR ELIE HABIB TRUSTEE 1.00 0.00 X 0 0 0 MR THOMAS ABRAHAM TRUSTEE 1.00 0.00 X 0 0 0 DR JOHNNY B AWWAD TRUSTEE 1.00 0.00 X 0 0 0 MR NIJAD FARES TRUSTEE 1.00 0.00 X 0 0 0 MRS MAY MAKHZOUMI TRUSTEE 1.00 0.00 X 0 0 0 MRS EVA KOTITE FARHA TRUSTEE 1.00 0.00 X 0 0 0 DR FRANCOIS NADER TRUSTEE 1.00 0.00 X 0 0 0 DRRIAD OBEJI TRUSTEE 1.00 0.00 X 0 0 0 DR KAMAL SHEHADI TRUSTEE 1.00 0.00 X 0 0 0 AMBASSADOR EDWARD M GABRIEL TRUSTEE 1.00 0.00 X 0 0 0 MRS CHERILYN MURER TRUSTEE 1.00 0.00 X 0 0 0 MR CHARLES MULLER TRUSTEE 1.00 0.00 X 0 0 0 MR ROBERT HARRINGTON TRUSTEE 1.00 0.00 X 0 0 0 MR PETER TANNOUS TRUSTEE 1.00 0.00 X 0 0 0 MR RAYMOND DEBBANE TRUSTEE 1.00 0.00 X 0 0 0 DR EDMOND D VILLANI TRUSTEE 1.00 0.00 X 0 0 0 REV CURTIS WHITE TRUSTEE 1.00 0.00 X 0 0 0 DR H JOHN SHAMMAS TRUSTEE 1.00 0.00 X 0 0 0 MS YASMINA EUGENIA HADDAD TRUSTEE 1.00 0.00 X 0 0 0 DR MICHEL ELIAS MAWAD PRESIDENT 40.00 0.00 X 775091 0 157192 MR ROY FARAJALLAH MAJDALANI VICE PRESIDENT FOR ADMINISTRATION 40.00 0.00 X 459364 0 286342 DR GEORGE ELIAS NASR PROVOST 40.00 0.00 X 355896 0 209299 DR ELISE SALEM VICE PRESIDENT, STUDENT DEVELOPMENT 40.00 0.00 X 317300 0 97518 DR TONY GEBRAN ZREIK VICE PRESIDENT FOR HEALTH AFFAIRS 40.00 0.00 X 299532 0 231726 MR CHARLES GEORGE ABOU RJEILY VICE PRESIDENT FOR FINANCE 40.00 0.00 X 291261 0 194221 DR ELIE ANTOINE BADR VICE PRESIDENT FOR BUSINESS DEVELOPMENT 40.00 0.00 X 286389 0 51112 DR GEORGE KHALIL NAJJAR VICE PRESIDENT FOR UNIVERSITY ADVANC 40.00 0.00 X 205261 0 46060 DR LINA JAMIL KARAM DEAN SCHOOL OF ENGINEERING 40.00 0.00 X 211707 0 50925 DR WASSIM NAIM SHAHIN DEAN SCHOOL OF BUSINESS 40.00 0.00 X 224258 0 95483 DR NASER ZAKI AL SHARIF DEAN SCHOOL OF PHARMACY 40.00 0.00 X 219836 0 44438 DR ELIE GEORGE HADDAD DEAN SCHOOL OF ARCHITECTURE & DESIGN 40.00 0.00 X 194104 0 87590 DR SAID LADKI CHAIRPERSON HOSPITALITY & TOURISM MA 40.00 0.00 X 163585 0 78692 DR RAED ABDALLAH MOHSEN DEAN OF STUDENTS 40.00 0.00 X 152671 0 53134 DR BARBAR JAWAD AKLE EXECUTIVE DIRECTOR OF NY ACADEMIC CENTER 40.00 0.00 X 232887 0 49306 DR IMAD FRANCIS BTAICHE PROFESSOR 40.00 0.00 X 168194 0 46900 DR CAMILLE AMINE ISSA PROFESSOR 40.00 0.00 X 146366 0 74987 DR RIAD AZAR CLINICAL PROFESSOR, DIVISION HEAD OF GASTROENTEROL 40.00 0.00 X 143225 0 31366 MR DAVID GROSNER SENIOR INVESTMENT OFFICER 40.00 0.00 X 485238 0 80056 DR JOSEPH GEORGE JABBRA FORMER PRESIDENT 40.00 0.00 X 779341 0 22873 6111506 0 1989220 44 1 1 0 MOUAWAD-EDDE SAL BORJ AL GHAZAL FOUAD CHEHAB AVE ASHRAFIEH LE CONSTRUCTION 694313 TIGER CONTRACTING COMPANY SARL ARID STREET ETOILE CENTER 4TH FLOO FURN EL CHEBAK LE CONSTRUCTION 413014 TARGET ENGINEERING VIENNA BUILDING GROUND FLOOR AIN BEIRUT LE CONSTRUCTION 373088 MALIA DEVELOPMENT SAL MALIA HEAD OFFICE ZONE AMARET CHAL BEIRUT LE CONSTRUCTION 348552 SAMIR S HANI & CO SAL MOUNT LEBANON OLD DAMASCUS ROAD BAABDA LE HEALTHCARE CONSULTING 345582 13 368110 21362286 5251125 85618 26981521 TUITION 611600 166678277 166678277 AUXILIARY ACTIVITIES 611600 9567238 9558768 8470 STUDENT FEES 611600 3571759 3571759 179817274 16484828 -2450283 18935111 24073556 6220 11016757 3134 13056799 3086 13059885 13059885 42650 368110 321259 -278609 -278609 236064899 179808804 -2441813 31716387 79944181 79944181 10441157 7508026 2702336 230795 37885933 27314911 9509104 1061918 13460637 9213452 3890726 356459 11948225 7041727 4639725 266773 1296426 717549 483462 95415 1994925 1806167 188758 406580 24258 382322 116200 42425 68000 5775 5476846 5476846 160778 38582 121827 369 3940100 3303679 617366 19055 111042 66019 45023 18783197 8036603 10643287 103307 1225224 728750 438577 57897 253737 239118 14554 65 15425518 4225131 11192136 8251 1447546 2819 1443664 1063 SPONSORED TUITION 18060348 18060348 LOSS ON EXCHANGE RATES 5383473 101783 5281689 1 PROVISION FOR BAD DEBT 649361 649361 SUBSCRIPTION AND MEMBER 255977 166086 76870 13021 1029538 584672 415272 29594 229696949 169166286 58280905 2249758 15244572 30954203 21141232 15805892 844784 1067256 27442712 41202612 158482 135068 1869000 1990997 508579112 196466416 322730727 312112696 366144316 397474705 407717528 406734803 1163293353 1207478232 23243876 35591966 8010889 14087880 773357 176164 32028122 49856010 X 1059503894 1082047448 71761337 75574774 1131265231 1157622222 1163293353 1207478232 X 6367950 7320955 12668086 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64841 X 0 526501127 1696256 32211765 -981639 -779879 -4866377 553781252 613942241 3602134 -45635196 -1213515 -33701120 -10493417 526501127 500195237 15407083 154469277 -1086860 -48872548 -6169948 613942241 472709799 7416929 31291516 -1021024 -4424520 -5777463 500195237 470593283 51615230 5648096 -933443 -49270369 -4942998 472709799 0.87280 0.12720 0.00000 0 0 135175855 135175855 241402726 96981511 144421215 128497664 99484905 29012759 3502867 3502867 312112696 PRIVATE EQUITY 112335379 F ILLIQUID REAL ASSETS 68590975 F HEDGE FUNDS 43628982 F INVESTMENT IN SUBSIDIARY 182179467 C 406734803 LONG TERM PAYABLE 176164 176164 135133081 7320956 10000 42115 7373071 127760010 5476846 102828043 108304889 236064899 121444174 10000 42114 52114 121392060 5476846 102828043 108304889 229696949 PART III, LINE 4: LAU'S COLLECTION IS COMPOSED OF: OTTOMAN EMBROIDERIES AND ISLAMIC CERAMICS RELATED TO THE FATIMID PERIOD. THIS COLLECTION IS USED AS A REFERENCE IN THE ISLAMIC ART PROGRAM UNDER THE SCHOOL OF ARCHITECTURE AND DESIGN. ALSO INCLUDED IS DONATED ART RECEIVED IN 2021 THAT IS HELD FOR PUBLIC EXHIBITION IN THE LAU LIBRARY. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE UNIVERSITY'S OPERATIONS AS AND WHEN NEEDED IN ACCORDANCE WITH THE UNIVERSITY SPENDING POLICY OF UP TO 4% OF THE PREVIOUS 3 YEARS ROLLING AVERAGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS 17,324. OTHER REVENUE CLASSIFICATION DIFFERENCES 24,791. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 79,944,181. SPONSORSHIPS 18,060,348. TAXES 582. FUNDRAISING EXPENSES -307,068. IMPAIRMENT LOSS 5,130,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS 17,324. OTHER EXPENSE CLASSIFICATION DIFFERENCES 24,790. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 79,944,181. SPONSORSHIPS 18,060,348. TAXES 582. FUNDRAISING EXPENSES -307,068. IMPAIRMENT LOSS 5,130,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY STATEMENTS ARE INCLUDED UNDER THE CONSTITUTION AND IN THE ADMISSION POLICY OF THE UNIVERSITY; BOTH ARE PUBLISHED ON THE UNIVERSITY'S WEBSITE. STATEMENTS ARE ALSO PUBLISHED IN THE UNIVERSITY YEARLY CATALOGUE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES SCHOLARSHIP GRANTS FROM THE GOVERNMENT. 1 MIDDLE EAST AND NORTH AFRICA 2 1990 PROGRAM SERVICE UNIVERSITY FOR HIGHER EDUCATION 218772877 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 50099201 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENT IN SUBSIDIARIES 182179466 2 1990 0 0 2 1990 451051544 0 451051544 DEPENDENT GRANT MIDDLE EAST AND NORTH AFRICA 151 3083501 DIRECT DEPOSIT INTO STUDENT ACCOUNT FINANCIAL AID EMPLOYMENT MIDDLE EAST AND NORTH AFRICA 431 349421 DIRECT DEPOSIT INTO STUDENT ACCOUNT HARDSHIP AND SPECIAL GRANTS MIDDLE EAST AND NORTH AFRICA 962 27106835 DIRECT DEPOSIT INTO STUDENT ACCOUNT LAU GRANT MIDDLE EAST AND NORTH AFRICA 5039 30364741 DIRECT DEPOSIT INTO STUDENT ACCOUNT MERIT AND OTHER SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2658 16258367 DIRECT DEPOSIT INTO STUDENT ACCOUNT GRADUATE ASSISTANSHIP MIDDLE EAST AND NORTH AFRICA 401 2781316 DIRECT DEPOSIT INTO STUDENT ACCOUNT 1 0 1 1 1 1 PART I, LINE 2: ALL GRANT FUNDS RECEIVED BY LAU ARE MONITORED BY A GRANTS OFFICE AND THE COMPTROLLER'S OFFICE. DISBURSEMENT OF GRANT FUNDS IS MADE ACCORDING TO RELATED GRANT PROVISIONS, AND IN ACCORDANCE WITH UNITED STATES APPLICABLE RULES AND NORMS. GRANTS ARE AUDITED BY AN EXTERNAL AUDITOR (PRESENTLY ERNST & YOUNG) ACCORDING TO GAAS AND TO THE GRANTOR CONDITIONS, AND ARE REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 3: THE ACCRUAL BASIS OF ACCOUNTING IS USED TO REPORT EXPENDITURES. PART III, COL (C): THE NUMBER OF RECIPIENTS LISTED IS THE ACTUAL NUMBER OF RECIPIENTS RECEIVING GRANTS AND ASSISTANCE. NO ESTIMATES WERE USED. PART III ACCOUNTING METHOD: SCHEDULE F, PART III THE ACCRUAL BASIS OF ACCOUNTING WAS USED TO REPORT THE GRANTS. LEBANON GALA DINNER 135300 135300 78086 68947 NY GALA DINNER 275460 232810 42650 59839 114387 410760 368110 42650 137925 183334 321259 -278609 X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR MICHEL ELIAS MAWAD PRESIDENT 600000 0 130000 0 45091 0 111419 0 45773 0 932283 0 0 0 DR JOSEPH GEORGE JABBRA FORMER PRESIDENT 0 0 0 0 779341 0 2459 0 20414 0 802214 0 779341 0 MR ROY FARAJALLAH MAJDALANI VICE PRESIDENT FOR ADMINISTRATION 453430 0 0 0 5934 0 218237 0 68105 0 745706 0 0 0 MR DAVID GROSNER SENIOR INVESTMENT OFFICER 485238 0 0 0 0 0 30500 0 49556 0 565294 0 0 0 DR GEORGE ELIAS NASR PROVOST 346788 0 0 0 9108 0 138482 0 70817 0 565195 0 0 0 DR TONY GEBRAN ZREIK VICE PRESIDENT FOR HEALTH AFFAIRS 290424 0 0 0 9108 0 180095 0 51631 0 531258 0 0 0 MR CHARLES GEORGE ABOU RJEILY VICE PRESIDENT FOR FINANCE 291261 0 0 0 0 0 124994 0 69227 0 485482 0 0 0 DR ELISE SALEM VICE PRESIDENT, STUDENT DEVELOPMENT 299774 0 0 0 17526 0 63013 0 34505 0 414818 0 0 0 DR ELIE ANTOINE BADR VICE PRESIDENT FOR BUSINESS DEVELOPM 280455 0 0 0 5934 0 21428 0 29684 0 337501 0 0 0 DR WASSIM NAIM SHAHIN DEAN SCHOOL OF BUSINESS 217311 0 0 0 6947 0 64629 0 30854 0 319741 0 0 0 DR BARBAR JAWAD AKLE EXECUTIVE DIRECTOR OF NY ACADEMIC CE 232447 0 0 0 440 0 15750 0 33556 0 282193 0 0 0 DR ELIE GEORGE HADDAD DEAN SCHOOL OF ARCHITECTURE & DESIGN 192086 0 0 0 2018 0 45724 0 41866 0 281694 0 0 0 DR NASER ZAKI AL SHARIF DEAN SCHOOL OF PHARMACY 216565 0 0 0 3271 0 4031 0 40407 0 264274 0 0 0 DR LINA JAMIL KARAM DEAN SCHOOL OF ENGINEERING 210721 0 0 0 986 0 10577 0 40348 0 262632 0 0 0 DR GEORGE KHALIL NAJJAR VICE PRESIDENT FOR UNIVERSITY ADVANC 205261 0 0 0 0 0 46060 0 0 0 251321 0 0 0 DR SAID LADKI CHAIRPERSON HOSPITALITY & TOURISM MA 160997 0 0 0 2588 0 46892 0 31800 0 242277 0 0 0 DR CAMILLE AMINE ISSA PROFESSOR 146366 0 0 0 0 0 47906 0 27081 0 221353 0 0 0 DR IMAD FRANCIS BTAICHE PROFESSOR 168194 0 0 0 0 0 6189 0 40711 0 215094 0 0 0 DR RAED ABDALLAH MOHSEN DEAN OF STUDENTS 150335 0 0 0 2336 0 12771 0 40363 0 205805 0 0 0 DR RIAD AZAR CLINICAL PROFESSOR, DIVISION HEAD OF 143225 0 0 0 0 0 6441 0 24925 0 174591 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY IS PROVIDED TRAVEL FOR SPOUSE, HOUSING ALLOWANCE, AND PERSONAL SERVICES. ALL REQUIRED AMOUNTS WERE REPORTED AS TAX COMPENSATION. DR JOELLE HACHEM SISTER - MR. ROY MAJDALANI 79820 FULL TIME FACULTY - SCHOOL OF BUSINESS 0 MS MAY CHAHINE SISTER -IN-LAW - DR WASSIM SHAHIN 34017 FULL TIME STAFF - SCHOOL OF BUSINESS 0 DR MARK HADDAD BROTHER - DR. ELIE HADDAD 102917 FULL TIME FACULTY - SCHOOL OF BUISNESS 0 MR NADIM MOHSEN BROTHER - DR. RAED MOHSEN 55640 FULL TIME FACULTY - SCHOOL OF ARTS & SCIENCES 0 MS MAY CHOUEIRY SPOUSE- DR. RIAD AZAR 85436 ASSISTANT TO PROVOST 0 X 3000 COST X PROGRAM LICENSE 3 59500 COST X TRAVEL 1 15536 COST X JEWELRY 1 5582 COST X CLEANING SUPPLIES 1 2000 COST 0 0 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS FORWARDED TO THE INTERNAL AUDIT DEPARTMENT FOR REVIEW AND CLEARANCE. THE FINAL FORM 990 WAS THEN REVIEWED AND CLEARED BY THE PRESIDENT CABINET. UPON CLEARANCE, COPIES OF THE FINAL FORM 990 WERE CIRCULATED TO ALL BOARD MEMBERS, EXCEPT FOR DETAILS OF EXECUTIVES' COMPENSATION WHICH WERE DISCLOSED TO THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE AUDIT COMMITTEE. DURING THE BOARD MEETING, THE EXECUTIVES' COMPENSATION DETAILS WERE CIRCULATED TO ALL THE MEMBERS OF THE AUDIT COMMITTEE, THE FINAL FORM 990 WAS REVIEWED AND DISCUSSED BY THE AUDIT COMMITTEE IN THE BOARD MEETING. THE EXECUTIVES' COMPENSATION DETAILS WERE COLLECTED AT THE END OF THE AUDIT COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 12C QUESTIONNAIRES ARE CIRCULATED YEARLY TO OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES AND A REPORT IS ISSUED IN THIS REGARD AND AUDITED BY THE EXTERNAL AUDITORS. CONFLICT OF INTEREST DISCUSSIONS REGULARLY OCCUR AT BOARD MEETINGS AND ARE DOCUMENTED IN THE MEETING MINUTES. BOARD MEMBERS WHO ARE CONSIDERED INTERESTED PERSONS TO ANY POTENTIAL CONFLICT OF INTEREST TRANSACTION MUST RECUSE HIMSELF OR HERSELF FROM THE DISCUSSION, DELIBERATION, AND VOTING OF THE APPLICABLE CONFLICT OF INTEREST, AND PHYSICALLY REMOVE HIMSELF OR HERSELF FROM ANY BOARD MEETING WHEN A VOTE ON ANY RELATED MATTER IS TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE APPOINTMENT OF THE PRESIDENT IS SUBJECT TO A FORMAL SEARCH PROCESS UNDERTAKEN BY A SEARCH COMMITTEE COMPRISED OF SELECTED BOARD OF TRUSTEES MEMBERS WHILE EMPLOYING THE SERVICES OF A PROFESSIONAL RECRUITING AGENCY. THE APPOINTMENT AND SETTING OF COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION IS SET BASED ON THE COMPENSATION OF PREVIOUS PRESIDENTS, MARKET ASSESSMENT AND ADVICE OF THE RECRUITING AGENCY. THE PRESIDENT'S COMPENSATION IS ANNUALLY REVIEWED BY THE LEGAL AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (COMPRISED OF SELECTED BOARD OF TRUSTEES MEMBERS) WHOSE RECOMMENDATION IS ULTIMATELY APPROVED BY THE FULL BOARD OF TRUSTEES. SALARIES OF VICE PRESIDENTS ARE DETERMINED BY THE PRESIDENT BASED ON THE COMPENSATION OF PREVIOUS VPS, QUALIFICATIONS AND AVAILABILITY AND SUBJECT TO MARKET NORMS AND AVERAGES. SALARIES OF THE DEANS ARE RECOMMENDED BY THE PROVOST, BASED ON THE COMPENSATION OF PREVIOUS DEANS, QUALIFICATIONS AND AVAILABILITY AND SUBJECT TO MARKET NORMS AND AVERAGES, AND ARE APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS INCLUDING CONSTITUTION, BYLAWS, CONFLICT OF INTEREST AND OTHER POLICIES ARE APPROVED BY THE BOARD OF TRUSTEES AND ARE MADE PUBLIC THROUGH THE UNIVERSITY WEB PAGE. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO ANY EXTERNAL PARTY UPON REQUEST. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON INTANGIBLES 6,193,992. GAIN ON FOREIGN EXCHANGE TRANSLATION 6,474,094. FORM 990, PART I, LINE 5 THE NUMBER OF EMPLOYEES LISTED ON PART I, LINE 5 IS THE NUMBER OF EMPLOYEES THAT RECEIVED A W-2. THE MAJORITY OF THE EMPLOYEES OF THE UNIVERSITY ARE NOT CITIZENS, AND THEREFORE DO NOT RECEIVE FORM W-2. THE NUMBER OF EMPLOYEES EMPLOYED OUTSIDE THE UNITED STATES WAS 1,990 AT ITS HIGHEST POINT DURING THE YEAR. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN OVERSIGHT OF THE SELECTION OF AN INDEPENDENT ACCOUNTANT FROM THE PRIOR YEAR. FORM 990, PART V, LINES 8 AND 9 THE UNIVERSITY DOES NOT SPONSOR DONOR ADVISED FUNDS, THEREFORE THESE QUESTIONS ARE NOT APPLICABLE. FORM 990, PART VII AND SCHEDULE J SOME OF THE INDIVIDUALS LISTED ON PART VII AND SCHEDULE J DO NOT RECEIVE A FORM W-2 BECAUSE THEY ARE FOREIGN INDIVIDUALS. THEIR COMPENSATION HAS BEEN REPORTED IN THE COLUMN B ON SCHEDULE J AND COLUMN D ON PART VII PER THE IRS INSTRUCTIONS. FORM 990, PART VII THE AVERAGE HOURS WORKED PER WEEK LISTED FOR THE BOARD MEMBERS IS AN ESTIMATE. THE BOARD MEMBERS ARE UNPAID VOLUNTEERS THAT MEET FORMALLY TWICE PER YEAR IN FULL BOARD SESSIONS. THEY MEET OCCASIONALLY THROUGH BOARD COMMITTEE MEETINGS DURING THE YEAR AND PROVIDE CONSULTATION TO THE PRESIDENT AS AND WHEN NEEDED. LAU HEALTH FOUNDATION INC 211 E 46TH ST NEW YORK NY 100172935 272049290 SUPPORT HEALTH AND MEDICAL EDUCATION PROGRAMS OPERATED BY THE SCHOOL NY 501(C)(3) LINE 12A, I LEBANESE AMERICAN UNIVERSITY 1 LOUIS CORDAHI FOUNDATION LAU-LOUIS CODRAHIN JBEIL LE DEDICATED TO RESEARCHING THE HISTORY OF LEBANON FROM THE CITY OF BYBLOS LE LEBANESE AMERICAN UNIVERSITY 1 MEDICAL CARE HOLDING SAL PO BOX 1305053 BEIRUT LE HOLDING COMPANY LE LEBANESE AMERICAN UNIVERSITY C 690000 103951000 0.94000 1 UNIVERSITY MEDICAL CENTER - RIZK HOSPITAL PO BOX 1107-2130 BEIRUT LE HOSPITAL LE LEBANESE AMERICAN UNIVERSITY C 33635000 91539000 0.79770 1 MEDICAL CARE MANAGEMENT SAL PO BOX 1305053 BEIRUT LE MANAGE HEALTHCARE FACILITIES LE LEBANESE AMERICAN UNIVERSITY C 10644000 19070000 0.92000 1 LAU INNOVATE SAL PO BOX 1305053 BEIRUT LE TO PROVIDE SUPPORT FOR THE DEVELOPMENT AND SUCCESS OF STARTUP COMPANIES LE LEBANESE AMERICAN UNIVERSITY C 75000 55000 0.99000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0