2025-07-14T12:13:39-05:00 2024-08-31 331498605 PLANTE & MORAN PLLC 250 S HIGH ST SUITE 100 COLUMBUS OH 43215 990 2023-09-01 986001269 LEBANESE AMERICAN UNIVERSITY LEBA 2128702592 211 E 46TH STREET NEW YORK NY 100172935 MR CHARLES ABOU RJEILY VP OF FINANCE 2122034333 2025-07-15 1 1 AMY CIMINELLO P00796388 6148493000 2025-07-10 2023 2025-03-06 01:10:19Z DR CHAOUKI ABDALLAH 211 E 46TH STREET NEW YORK NY 100172935 274892328 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. 31 31 151 31 598556 0 26981521 23991871 179817274 187664575 29544713 50701714 -278609 -206718 236064899 262151442 79944181 79022676 0 0 75032378 111144079 0 0 3267593 74720390 77775278 229696949 267942033 6367950 -5790591 1207478232 1285614914 49856010 72632141 1157622222 1212982773 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 198401484 79022676 184255745 PROVIDES HIGHER EDUCATION TO 7,499 UNDERGRADUATE STUDENTS, 837 GRADUATE STUDENTS, AND 274 DOCTORAL-PROFESSIONAL PRACTICE STUDENTS. 1703289 3403252 SERVICES PROVIDED TO STUDENTS AND FACULTY, INCLUDING DORMITORIES, CAFETERIA AND PARKING. 200104773 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 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 423 0 1 151 1 1 1 1 LE UK LU CJ 0 0 0 1 1 0 0 0 0 0 0 X 31 31 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 MS SARA GANIM TRUSTEE 1.00 0.00 X 0 0 0 DR MOSTAFA TERRAB TRUSTEE 1.00 0.00 X 0 0 0 MR TONY N FREM TRUSTEE 1.00 0.00 X 0 0 0 SHEIKH WALID KATIBAH TRUSTEE 1.00 0.00 X 0 0 0 MR GHASSAN M SAAB TRUSTEE 1.00 0.00 X 0 0 0 SHEIKHA INTISAR SALEM AL ALI AL SAB 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 DR 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 814804 0 107019 MR ROY FARAJALLAH MAJDALANI VICE PRESIDENT FOR ADMINISTRATION 40.00 0.00 X 414288 0 239866 DR GEORGE ELIAS NASR PROVOST 40.00 0.00 X 342763 0 265875 DR ELISE SALEM VICE PRESIDENT, STUDENT DEVELOPMENT 40.00 0.00 X 303389 0 119636 DR TONY GEBRAN ZREIK VICE PRESIDENT FOR HEALTH AFFAIRS 40.00 0.00 X 276236 0 120111 MR CHARLES GEORGE ABOU RJEILY VICE PRESIDENT FOR FINANCE 40.00 0.00 X 391954 0 77907 DR ELIE ANTOINE BADR VICE PRESIDENT FOR BUSINESS DEVELOPMENT 40.00 0.00 X 274398 0 71768 MRGABRIEL SOUHEIL ABIAD VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT 40.00 0.00 X 155025 0 30422 DR WASSIM NAIM SHAHIN DEAN SCHOOL OF BUSINESS 40.00 0.00 X 214623 0 100963 DR NASER ZAKI AL SHARIF DEAN SCHOOL OF PHARMACY 40.00 0.00 X 209605 0 36323 DR ELIE GEORGE HADDAD DEAN SCHOOL OF ARCHITECTURE & DESIGN 40.00 0.00 X 184345 0 99174 DR SOLA KHALIL AOUN BAHOUS DEAN SCHOOL OF MEDICINE 40.00 0.00 X 202707 0 137733 DR GHASSAN LABIB DIBEH ASSOCIATE DEAN SCHOOL OF BUSINESS 40.00 0.00 X 165403 0 96612 DR HAIDAR MOHAMMAD HARMANANI ASSOCIATE DEAN SCHOOL OF ARTS & SCIE 40.00 0.00 X 172581 0 70748 DR SAMER SAID SAAB DEAN OF GRADUATE STUDIES AND RESEARC 40.00 0.00 X 170355 0 81790 DR MICHEL SAAD KHOURY DEAN OF THE SCHOOL OF ENGINEERING 40.00 0.00 X 176333 0 59357 DR BARBAR JAWAD AKLE EXECUTIVE DIRECTOR OF NY ACADEMIC CENTER 40.00 0.00 X 325070 0 85915 MS NADYA TAREK MIKDASHI ASSISTANT VICE PRESIDENT , DEVELOPMENT 40.00 0.00 X 158580 0 42945 DR JAMAL BLEIK CHAIR OPHTHALMOLOGY 40.00 0.00 X 160988 0 10830 MR CAMILLE KHALIL ABOU NASR ASSISTANT VICE PRESIDENT, INFORMATION TECHNOLOGY 40.00 0.00 X 161137 0 106620 DR SAID LADKI CHAIRPERSON/HOSPITALITY & TOURISM MANAGEMENT 40.00 0.00 X 167889 0 87036 MR DAVID GROSNER SENIOR INVESTMENT OFFICER 40.00 0.00 X 501524 0 89931 MR GEORGE HAMOUCHE ASSISTANT VICE PRESIDENT, FACILITIES MANAGEMENT 40.00 0.00 X 175770 0 113858 DR LINA JAMIL KARAM DEAN SCHOOL OF ENGINEERING 40.00 0.00 X 174506 0 12617 MR NASSIB NASR ASSISTANT VICE PRESIDENT FOR DEVELOPMENT 40.00 0.00 X 217988 0 58936 6512261 0 2323992 85 1 1 0 BUTEC PROPERTY MANAGEMENT SAL MKALLES STREET MKALLES ROUNDABOUT MKALLES LE CONSTRUCTION 652530 BUTEC SAL SIN EL FIL-BUTEC TOWER-MKALLESS SQU MKALLES LE CONSTRUCTION 651072 MOUAWAD-EDDE SAL BORJ AL GHAZAL FOUAD CHEHAB AVE ASHRAFIEH LE CONSTRUCTION 433085 TIGER CONTRACTING COMPANY SARL TCC ARID STREET ETOILE CENTER 4TH FLOO FURN EL CHEBAK LE CONSTRUCTION 390967 AKKARY GROUP SARL DAABOUL CENTER 6TH FLOOR JOUNIEH HARET SAKHER LE CONSTRUCTION 314406 7 698029 167375 20002282 3124185 130341 23991871 TUITION 611600 174351689 174351689 AUXILIARY ACTIVITIES 611600 7868768 7863190 5578 STUDENT FEES 611600 5444118 5444118 187664575 15044947 592978 14451969 48137391 4608 12435091 50141 35702300 -45533 35656767 35656767 48936 698029 255654 -206718 -206718 262151442 187658997 598556 49902018 79022676 79022676 11801624 8919120 2650242 232262 49800400 39095048 9070559 1634793 37144870 25862193 10704446 578231 10557291 6378756 3909904 268631 1839894 976144 699593 164157 2010568 1724818 285750 530363 40406 489957 111750 41925 69825 9276673 9276673 735973 108151 623388 4434 4115040 3342069 734896 38075 244308 160040 84268 22492810 10487173 11860716 144921 1418081 740618 587454 90009 324133 294320 29744 69 14039943 3885687 10145752 8504 1548317 24168 1523029 1120 SPONSORED TUITION 16948941 16948941 PROVISION FOR BAD DEBT 1918382 745908 1172474 SUBSCRIPTION AND MEMBER 385000 272242 96546 16212 BANK CHARGES 331279 129295 201954 30 1343717 905075 352497 86145 267942033 200104773 64569667 3267593 30954203 13761210 15805892 9386528 1067256 993969 41202612 47450043 135068 161513 1990997 2243907 532854055 210153175 312112696 322700880 397474705 462393763 406734803 426523101 1207478232 1285614914 35591966 61923713 14087880 10708428 176164 0 49856010 72632141 X 1082047448 1130736119 75574774 82246654 1157622222 1212982773 1207478232 1285614914 X -5790591 46060220 15118984 -28063 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67224 X 0 553781252 3183953 84535135 -1333355 -2606185 -8208509 629352292 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 0.87801 0.12199 0.00000 0 0 135175855 135175855 242814193 104320171 138494022 131925989 105833004 26092985 22938018 22938018 322700880 INVESTMENT IN SUBSIDIARY 182179466 C PRIVATE EQUITY 130072841 F ILLIQUID REAL ASSETS 73024517 F HEDGE FUNDS 41246277 F 426523101 203192447 46060220 -26577 46033643 157158804 9276673 95715965 104992638 262151442 162922818 -26577 -26577 162949395 9276673 95715965 104992638 267942033 PART III, LINE 4: LAU'S COLLECTION IS COMPOSED OF OTTOMAN EMBROIDERIES AND ISLAMIC CERAMICS RELATED TO THE FATIMID PERIOD. THIS COLLECTION SERVES AS A REFERENCE IN THE ISLAMIC ART PROGRAM UNDER THE SCHOOL OF ARCHITECTURE AND DESIGN. ADDITIONALLY, IT INCLUDES DONATED ART RECEIVED IN 2021, WHICH 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: COST OF GOODS SOLD 50,141. OTHER REVENUE CLASSIFICATION DIFFERENCES -76,718. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 79,022,676. SPONSORSHIPS 16,948,941. TAXES 2. FUNDRAISING EXPENSES -255,654. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 50,141. OTHER EXPENSE CLASSIFICATION DIFFERENCES -76,718. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 79,022,676. SPONSORSHIPS 16,948,941. TAXES 2. FUNDRAISING EXPENSES -255,654. 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 2094 PROGRAM SERVICE UNIVERSITY FOR HIGHER EDUCATION 252516091 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 49735708 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENT IN SUBSIDIARIES 182179466 2 2094 0 0 2 2094 484431265 0 484431265 DEPENDENT GRANT MIDDLE EAST AND NORTH AFRICA 174 3611883 DIRECT DEPOSIT INTO STUDENT ACCOUNT FINANCIAL AID EMPLOYMENT MIDDLE EAST AND NORTH AFRICA 520 586606 DIRECT DEPOSIT INTO STUDENT ACCOUNT HARDSHIP AND SPECIAL GRANTS MIDDLE EAST AND NORTH AFRICA 661 25400718 DIRECT DEPOSIT INTO STUDENT ACCOUNT LAU GRANT MIDDLE EAST AND NORTH AFRICA 5361 30827573 DIRECT DEPOSIT INTO STUDENT ACCOUNT MERIT AND OTHER SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2616 15279333 DIRECT DEPOSIT INTO STUDENT ACCOUNT GRADUATE ASSISTANSHIP MIDDLE EAST AND NORTH AFRICA 416 3316563 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. SCHEDULE F, PART III THE ACCRUAL BASIS OF ACCOUNTING WAS USED TO REPORT THE GRANTS. NY GALA DINNER 746965 698029 48936 132223 123431 746965 698029 48936 132223 123431 255654 -206718 X X X 1 1 X X X 1 0 0 0 0 0 0 0 0 DR MICHEL ELIAS MAWAD PRESIDENT 600000 0 150000 0 64804 0 74796 0 32223 0 921823 0 0 0 MR ROY FARAJALLAH MAJDALANI VICE PRESIDENT FOR ADMINISTRATION 309217 0 0 0 105071 0 175246 0 64620 0 654154 0 0 0 DR GEORGE ELIAS NASR PROVOST 329999 0 0 0 12764 0 193289 0 72586 0 608638 0 0 0 MR DAVID GROSNER SENIOR INVESTMENT OFFICER 499735 0 0 0 1789 0 33000 0 56931 0 591455 0 0 0 MR CHARLES GEORGE ABOU RJEILY VICE PRESIDENT FOR FINANCE 288864 0 0 0 103090 0 32358 0 45549 0 469861 0 170475 0 DR ELISE SALEM VICE PRESIDENT, STUDENT DEVELOPMENT 282732 0 0 0 20657 0 95148 0 24488 0 423025 0 0 0 DR BARBAR JAWAD AKLE EXECUTIVE DIRECTOR OF NY ACADEMIC CE 324410 0 0 0 660 0 22500 0 63415 0 410985 0 0 0 DR TONY GEBRAN ZREIK VICE PRESIDENT FOR HEALTH AFFAIRS 264205 0 0 0 12031 0 81589 0 38522 0 396347 0 0 0 DR ELIE ANTOINE BADR VICE PRESIDENT FOR BUSINESS DEVELOPM 263828 0 0 0 10570 0 38491 0 33277 0 346166 0 0 0 DR SOLA KHALIL AOUN BAHOUS DEAN SCHOOL OF MEDICINE 200481 0 0 0 2226 0 82788 0 54945 0 340440 0 0 0 DR WASSIM NAIM SHAHIN DEAN SCHOOL OF BUSINESS 205401 0 0 0 9222 0 81603 0 19360 0 315586 0 0 0 MR GEORGE HAMOUCHE ASSISTANT VICE PRESIDENT, FACILITIES 142765 0 0 0 33005 0 98806 0 15052 0 289628 0 0 0 DR ELIE GEORGE HADDAD DEAN SCHOOL OF ARCHITECTURE & DESIGN 179265 0 0 0 5080 0 70689 0 28485 0 283519 0 0 0 MR NASSIB NASR ASSISTANT VICE PRESIDENT FOR DEVELOP 53378 0 0 0 164610 0 54196 0 4740 0 276924 0 0 0 MR CAMILLE KHALIL ABOU NASR ASSISTANT VICE PRESIDENT, INFORMATIO 130708 0 0 0 30429 0 90543 0 16077 0 267757 0 0 0 DR GHASSAN LABIB DIBEH ASSOCIATE DEAN SCHOOL OF BUSINESS 163561 0 0 0 1842 0 83354 0 13258 0 262015 0 0 0 DR SAID LADKI CHAIRPERSON/HOSPITALITY & TOURISM MA 152916 0 0 0 14973 0 61333 0 25703 0 254925 0 0 0 DR SAMER SAID SAAB DEAN OF GRADUATE STUDIES AND RESEARC 168458 0 0 0 1897 0 71671 0 10119 0 252145 0 0 0 DR NASER ZAKI AL SHARIF DEAN SCHOOL OF PHARMACY 203411 0 0 0 6194 0 9581 0 26742 0 245928 0 0 0 DR HAIDAR MOHAMMAD HARMANANI ASSOCIATE DEAN SCHOOL OF ARTS & SCIE 154821 0 0 0 17760 0 57550 0 13198 0 243329 0 0 0 DR MICHEL SAAD KHOURY DEAN OF THE SCHOOL OF ENGINEERING 149882 0 0 0 26451 0 48530 0 10827 0 235690 0 0 0 MS NADYA TAREK MIKDASHI ASSISTANT VICE PRESIDENT , DEVELOPME 158580 0 0 0 0 0 8533 0 34412 0 201525 0 0 0 DR LINA JAMIL KARAM DEAN SCHOOL OF ENGINEERING 5678 0 0 0 168828 0 205 0 12412 0 187123 0 0 0 MRGABRIEL SOUHEIL ABIAD VICE PRESIDENT FOR UNIVERSITY ADVANC 155025 0 0 0 0 0 18024 0 12398 0 185447 0 0 0 DR JAMAL BLEIK CHAIR OPHTHALMOLOGY 160151 0 0 0 837 0 7560 0 3270 0 171818 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 TAXABLE COMPENSATION. PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING THE FISCAL YEAR: LINA KARAM: $159,772 NASSIB NASR: $136,086 DR MARK HADDAD BROTHER - DR. ELIE HADDAD 94801 FULL TIME FACULTY - SCHOOL OF BUISNESS 0 DR JOELLE HACHEM SISTER - MR. ROY MAJDALANI 71836 FULL TIME FACULTY - SCHOOL OF BUSINESS 0 MS MAY CHAHINE SISTER -IN-LAW - DR WASSIM SHAHIN 23764 FULL TIME STAFF - SCHOOL OF BUSINESS 0 MS ROLA FAYEZ SPOUSE-DR. JAMAL HASSAN BLEIK 23179 FULL TIME STAFF - SCHOOL OF BUSINESS 0 MS RULA HALABY SPOUSE- MR. CAMILLE ABOU NASR 13716 PART TIME FACULTY 0 X EQUIPMENT 1 110000 COST X FUEL 1 16137 COST X ENTERTAINMENT 1 3934 COST X INSTRUMENTS 2 270 COST 0 0 0 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: FOREIGN EXCHANGE TRANSLATION GAIN 764,297. IMPAIRMENT LOSS -792,360. 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 103950000 0.98000 1 UNIVERSITY MEDICAL CENTER - RIZK HOSPITAL PO BOX 1107-2130 BEIRUT LE HOSPITAL LE LEBANESE AMERICAN UNIVERSITY C 49961000 96764000 0.99560 1 MEDICAL CARE MANAGEMENT SAL PO BOX 1305053 BEIRUT LE MANAGE HEALTHCARE FACILITIES LE LEBANESE AMERICAN UNIVERSITY C 17729000 22585000 0.97410 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 55000 0.99800 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 UNIVERSITY MEDICAL CENTER - RIZK HOSPITAL B 1249549 CASH TRANSFERRED LAU HEALTH FOUNDATION C 167375 CASH TRANSFERRED