2024-05-14T15:39:43-05:00 2023-06-30 390859910 BAKER TILLY US LLP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2022-07-01 131929591 THE AMERICAN COMMUNITY SCHOOL AT BEIRUT AMER 2125837634 3 DAG HAMMARSKJOLD PLAZA 8TH FL NEW YORK NY 10017 SALWA SANIORA BAASIRI VICE PRESIDENT 2125837634 2024-05-13 1 SALWA SANIORA BAASIRI 999009999 0 BRIAN YACKER P00401346 9492222999 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS CANGIANO 3 DAG HAMMARSKJOLD PLAZA 8TH FL NEW YORK NY 10017 9910210 0 X WWW.ACS.EDU.LB X 1962 NY PROVIDES CLASSROOMS, LABORATORIES AND OTHER FACILITIES AND EQUIPMENT INCLUDING FACULTY AND ADMINISTRATIVE SERVICES FOR A PRIMARY AND SECONDARY SCHOOL. 16 16 28 16 0 0 1234122 1236177 3312872 6869331 75419 169270 27741 55257 4650154 8330035 162812 300928 0 0 1372178 6641457 0 0 343081 3387009 3739450 4921999 10681835 -271845 -2351800 25813208 25166796 5272908 6548837 20540300 18617959 PROVIDES CLASSROOMS, LABORATORIES, AND OTHER FACILITIES AND EQUIPMENT INCLUDING FACULTY AND ADMINISTRATIVE SERVICES FOR A PRIMARY AND SECONDARY SCHOOL IN BEIRUT, LEBANON. 0 0 6049596 300928 6906737 OPERATION OF A PRIMARY AND SECONDARY SCHOOL FOR THE INTERNATIONAL COMMUNITY OF BEIRUT, LEBANON. THE SCHOOL PROVIDES TEACHERS, ADMINISTRATORS AND FACILITIES. THE SCHOOL SERVED 888 ENROLLED STUDENTS FROM GRADES PRESCHOOL TO 12TH GRADE 6049596 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 28 1 0 1 LE 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JOHNNY TANAS 9611374310 67 NIGERIA STREET AIN MREISEH LE NINA JOUKOWSKY KOPRULU PRESIDENT 12.00 X X 0 0 0 SALWA SANIORA BAASIRI VICE PRESIDENT 5.00 X X 0 0 0 KARAM M ATALLAH TREASURER 6.00 X X 0 0 0 BLANCHE G MANSFIELD SECRETARY 8.00 X X 0 0 0 MELINDA HELD BRUNGER BOARD MEMBER 5.00 X 0 0 0 OMAR CHRISTIDIS BOARD MEMBER 5.00 X 0 0 0 HAMILTON CLARK BOARD MEMBER 5.00 X 0 0 0 WILLIAM CRAYS BOARD MEMBER 5.00 X 0 0 0 NIZAR DALLOUL BOARD MEMBER 5.00 X 0 0 0 KARIM FALLAHA BOARD MEMBER 5.00 X 0 0 0 FAWZI FARAH BOARD MEMBER 5.00 X 0 0 0 CAROLYN HUSSONG GRINSTEIN BOARD MEMBER 5.00 X 0 0 0 ELIZABETH R HILPMAN BOARD MEMBER 5.00 X 0 0 0 YASSINE JABER BOARD MEMBER 5.00 X 0 0 0 QUINN MCCLEAN BOARD MEMBER 5.00 X 0 0 0 MOHAMMAD SAFADI BOARD MEMBER 5.00 X 0 0 0 THOMAS CANGIANO HEAD OF SCHOOL 65.00 X 194851 0 180054 JOHNNY TANAS BUSINESS MANAGER 65.00 X 130831 0 2144 SAWSAN YASEEN EARLY CHILDHOOD PRINCIPAL 65.00 X 126087 0 1863 ZIAD EL HDARY FACILITIES & OPERATIONS DIRECTOR 65.00 X 120096 0 2036 JOSEPH CAMPANA HIGH SCHOOL PRINCIPAL 65.00 X 101975 0 42296 673840 0 228393 5 0 1 0 OTHMAN PETROLEUM JABAL AL BEDAWI TRIPOLI LE PETROL DISTRIBUTION 276549 USM DEVELOPMENT SAL SIN EL FIL BEIRUT LE CLEANING SVCS AGENCY 144355 KHATER ENGINEERING & TRAD MOUNTAZAH MANSOURIEH LE SUPPLY & INSTALLATION OF AC UNITS 104406 3 64647 1171530 63879 1236177 STUDENT TUITION 611600 5369294 5369294 DEVELOPMENT & FEES 611600 676121 676121 STUDENT ACTIVITIES 611600 584253 584253 CAMP FEES 611600 133650 133650 DAY CARE FEES 611600 92960 92960 13053 13053 6869331 21659 21659 18853 6880 0 0 18853 6880 25733 6880 18853 1663892 4993 1521274 0 142618 4993 147611 147611 45644 64647 49350 -3706 -3706 10603 8625 1978 1978 31452 926 30526 30526 MISCELLANEOUS INCOME 900099 726 726 726 8330035 6906737 0 187121 300928 300928 503588 201435 201435 100718 4153930 2284662 1741079 128189 1119767 615872 469339 34556 612874 337081 256880 18913 251298 138214 105329 7755 7864 7864 28000 28000 27346 27346 148364 1348 146940 76 349187 209512 139675 209243 209243 368399 368399 119018 119018 1093872 1093872 40764 40764 STUDENT ACTIVITIES 1261284 1261284 DEVELOPMENT AND ALUMNI 52874 52874 FOOD & BEVERAGES 28318 28318 AWARDS & PRIZES 2600 2600 2317 2317 10681835 6049596 4289158 343081 780442 425567 5928881 4713104 53971 741380 151312 6572 201498 132666 279550 370361 36871795 26705380 10852339 10166415 7513699 8451685 51516 159046 25813208 25166796 520328 954032 1154831 1294204 3597749 4300601 5272908 6548837 X 16692927 14680446 3847373 3937513 20540300 18617959 25813208 25166796 X -2351800 939797 -510338 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7513699 60049 1082583 177300 27346 8451685 8650101 -1034930 75269 26203 7513699 6823541 2005999 152000 27439 8650101 8485832 143230 1595000 182000 28521 6823541 8045060 602611 133000 28839 8485832 0.80000 0.20000 0.00000 0 0 1221796 1221796 16315837 9426037 6889800 8351887 7618826 733061 10982275 9660517 1321758 10166415 MULTI STRATEGY EQUITY AND BOND FUND 8451685 F 8451685 AGENCY FUNDS 99942 ACCRUED END OF SERVICE INDEMNITY 4200659 4300601 X 9000459 939797 -300928 638869 8361590 27346 -58901 -31555 8330035 10922800 569239 569239 10353561 27346 300928 328274 10681835 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPORT THE OPERATION OF THE SCHOOL AND FINANCIAL AID. PART X, LINE 2: THE SCHOOL HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, FILES FEDERAL TAX FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. AS SUCH, THE SCHOOL IS TAXED ONLY ON NET UNRELATED BUSINESS INCOME UNDER SECTION 511 OF THE INTERNAL REVENUE CODE. IN ACCORDANCE WITH ARTICLE NO. 5 OF THE LEBANESE INCOME TAX LAW (LEGISLATION #166), THE SCHOOL IS NOT SUBJECT TO INCOME TAX IN LEBANON. THE SCHOOL FOLLOWS ASC 740-10-05-6, WHICH PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD A TAX PROVISION MUST MEET IN CONNECTION WITH ACCOUNTING FOR UNCERTAINTIES IN INCOME TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN BY AN ENTITY, BEFORE BEING MEASURED AND RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED AND DETERMINED NO PROVISION FOR INCOME TAXES IS NECESSARY AS OF AND FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT DISCOUNT, FINANCIAL AID, AND SCHOLARSHIPS -300,928. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -926. SPECIAL EVENT EXPENSE -49,350. RAFFLE EXPENSE -8,625. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 926. SPECIAL EVENT EXPENSE 49,350. FOREIGN EXCHANGE LOSS 510,338. RAFFLE EXPENSE 8,625. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT DISCOUNTS, FINANCIAL AID, AND SCHOLARSHIPS 300,928. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 MIDDLE EAST 1 218 PROGRAM SERVICES - SCHOOL OPERATION OF PRESCHOOL THROUGH 12TH GRADE CLASSES 10690460 1 218 0 0 1 218 10690460 0 10690460 SCHOLARSHIPS MIDDLE EAST 80 300928 TUITION DISCOUNTS & WAIVERS 0 0 0 0 0 0 PART I, LINE 2: APPLICATION FOR FINANCIAL AID SHOULD BE SUBMITTED TO THE ADMISSION OFFICE BY APRIL. THE PARENT/GUARDIAN OF THE APPLICANT MUST SIT IN FOR AN INTERVIEW UPON SUBMISSION OF THE COMPLETED APPLICATION FORM AND RELEVANT DOCUMENTS. THE FINANCIAL AID COMMITTEE WHICH CONSISTS OF TOP MANAGEMENT MEMBERS MEETS AROUND MAY TO MAKE THE FINAL DECISION CONCERNING FINANCIAL AID GRANTS TAKING INTO CONSIDERATION REMARKS FROM THE INTERVIEWER, THE APPLICANT'S FINANCIAL AND ACADEMIC RECORDS. THE DECISION IS ANNOUNCED TO THE APPLICANT IN JUNE. ALL SUCH FINANCIAL AID IS AWARDED IN THE FORM OF A TUITION WAIVER TO ENSURE THAT THE FUNDS ARE USED ONLY FOR TUITION PURPOSES. PART I, LINE 3: EXPENDITURES ACCOUNTED FOR USE THE ACCRUAL METHOD PART III ACCOUNTING METHOD: MASQUERADE EVENT 27748 15448 12300 15000 500 SPLASH FEST EVENT 23762 4418 19344 12887 4671 2025 1 22535 8535 14000 7800 4077 900 1490 74045 28401 45644 35687 8748 900 4015 49350 -3706 X X 1 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS CANGIANO HEAD OF SCHOOL 194851 0 0 0 0 0 0 0 180054 0 374905 0 0 0 JOHNNY TANAS OFFICER 11221 TUITION CHILDREN TO ATTEND ACS AT NO CHARGE AS PER ACS EMPLOYEE POLICY X 445 FMV X 1 60049 FMV X 3 75 FMV X TOYS 299 3160 FMV X SKINCARE 3 150 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS ARE BEING REPORTED. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM AND ITS RELATED SCHEDULES ARE PREPARED, A COPY IS CIRCULATED TO EACH MEMBER OF THE BOARD. A PERIOD OF 5 DAYS IS GRANTED TO REVIEW, AFTER WHICH THE FORM IS SIGNED BY AN OFFICER OF THE BOARD AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL SIGNING OF POLICY BY CONCERNED PARTIES. DISCUSSION IS HELD TO REVIEW ANY CONFLICT THAT MAY OR HAS RISEN AND HOW TO RESOLVE. FORM 990, PART VI, SECTION B, LINE 15 BOARD AND ADMINISTRATION GATHER DATA ON REGIONAL EXECUTIVES SALARIES. BOARD WIDE APPROVAL IS REQUIRED ON THE HEAD OF SCHOOL COMPENSATION. OTHER EMPLOYEE COMPENSATION IS SET BY THE HEAD OF SCHOOL IN COMPLIANCE WITH THE BUDGET AND POLICIES APPROVED BY THE BOARD AND AFTER A MARKET REVIEW AND ASSESSMENT OF ECONOMICAL CONDITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WERE MADE AVAILABLE TO THE PUBLIC DURING THE TAX YEAR UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN EXCHANGE LOSS -510,338. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.