Civic Intelligence

American University of Beirut

EIN 13-5596846 • 501(c)3 • New York, NY

Profile

Aub is an institution of higher learning founded to provide excellence in education, to participate in the advancement of knowledge through research, and to serve the people of the middle east and beyond. Chartered in new york state in 1863, the (continued on schedule o) university bases its educational philosophy, standards, and practices on the american liberal arts model of higher education. The university believes deeply in and encourages freedom of thought and expression and seeks to foster tolerance and respect for diversity and dialogue. Graduates will be individuals committed to creative and critical thinking, life long learning, personal integrity and civic responsibility, and leadership.

3 Dag Hammarskjold Plaza 8 FLNew York, NY 10017-2303

www.aub.edu.lb

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.28x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.70x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Net Margin

46th percentile

5.5%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Top Officer Pay

38th percentile

$1,436,265

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2025

Asset Growth

52nd percentile

7.7%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Revenue Growth

79th percentile

24%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,589,652,630

Down $69,603,358 (-4.2%) from 2022

Liabilities

Down

$301,135,887

Down $16,327,767 (-5.1%) from 2022

Net Assets

Down

$1,288,516,743

Down $53,275,591 (-4.0%) from 2022

Revenue

Up

$573,501,418

Up $128,982,882 (+29%) from 2022

Expenses

Up

$628,218,580

Up $44,312,525 (+7.6%) from 2022

Net Income

Up

-$54,717,162

Up $84,670,357 (+61%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $980,217,822Liabilities 2010: $238,989,938Net Assets 2010: $741,227,8842010Assets 2011: $1,009,842,039Liabilities 2011: $229,700,894Net Assets 2011: $780,141,1452011Assets 2012: $1,014,412,396Liabilities 2012: $239,735,222Net Assets 2012: $774,677,1742012Assets 2013: $1,116,007,841Liabilities 2013: $270,736,750Net Assets 2013: $845,271,0912013Assets 2014: $1,236,810,623Liabilities 2014: $292,366,256Net Assets 2014: $944,444,3672014Assets 2015: $1,280,119,918Liabilities 2015: $338,555,733Net Assets 2015: $941,564,1852015Assets 2016: $1,301,473,450Liabilities 2016: $355,812,578Net Assets 2016: $945,660,8722016Assets 2017: $1,477,344,936Liabilities 2017: $416,386,167Net Assets 2017: $1,060,958,7692017Assets 2018: $1,637,713,257Liabilities 2018: $459,673,342Net Assets 2018: $1,178,039,9152018Assets 2019: $1,721,641,870Liabilities 2019: $490,292,783Net Assets 2019: $1,231,349,0872019Assets 2020: $1,749,983,417Liabilities 2020: $505,295,515Net Assets 2020: $1,244,687,9022020Assets 2021: $1,902,791,001Liabilities 2021: $302,246,683Net Assets 2021: $1,600,544,3182021Assets 2022: $1,659,255,988Liabilities 2022: $317,463,654Net Assets 2022: $1,341,792,3342022Assets 2023: $1,589,652,630Liabilities 2023: $301,135,887Net Assets 2023: $1,288,516,7432023

Highlighted filing

2023

Assets$1,589,652,630
Liabilities$301,135,887
Net Assets$1,288,516,743

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0B$500M$0-$500MExpenses 2010: $302,869,4692010Revenue 2011: $297,841,429Expenses 2011: $279,410,524Net Income 2011: $18,430,9052011Expenses 2012: $370,409,3782012Revenue 2013: $463,430,033Expenses 2013: $421,704,630Net Income 2013: $41,725,4032013Revenue 2014: $508,416,918Expenses 2014: $454,962,424Net Income 2014: $53,454,4942014Revenue 2015: $515,446,226Expenses 2015: $487,073,369Net Income 2015: $28,372,8572015Revenue 2016: $552,686,899Expenses 2016: $508,483,131Net Income 2016: $44,203,7682016Revenue 2017: $620,935,535Expenses 2017: $543,594,449Net Income 2017: $77,341,0862017Revenue 2018: $684,075,260Expenses 2018: $583,504,528Net Income 2018: $100,570,7322018Revenue 2019: $690,730,143Expenses 2019: $622,479,351Net Income 2019: $68,250,7922019Revenue 2020: $662,391,144Expenses 2020: $638,375,450Net Income 2020: $24,015,6942020Revenue 2021: $608,300,843Expenses 2021: $497,971,947Net Income 2021: $110,328,8962021Revenue 2022: $444,518,536Expenses 2022: $583,906,055Net Income 2022: -$139,387,5192022Revenue 2023: $573,501,418Expenses 2023: $628,218,580Net Income 2023: -$54,717,1622023

Highlighted filing

2023

Revenue$573,501,418
Expenses$628,218,580
Net Income-$54,717,162

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1,590$301$1,289$574$628$54.7
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,659$317$1,342$445$584$139
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,903$302$1,601$608$498$110
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,750$505$1,245$662$638$24.0
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,722$490$1,231$691$622$68.3
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,638$460$1,178$684$584$101
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,477$416$1,061$621$544$77.3
2016Detailed filing. Detailed filing data is available for this year.$1,301$356$946$553$508$44.2
2015Detailed filing. Detailed filing data is available for this year.$1,280$339$942$515$487$28.4
2014Detailed filing. Detailed filing data is available for this year.$1,237$292$944$508$455$53.5
2013Summary only. Only limited summary data is available for this year.$1,116$271$845$463$422$41.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,014$240$775$370
2011Summary only. Only limited summary data is available for this year.$1,010$230$780$298$279$18.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$980$239$741$303
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 5, 2023
Return Version
2021v4.2
Gross Receipts
$802,475,850
Mission and Program Overview

Mission

To provide excellence in education, to participate in the advancement of knowledge through research, and to serve the people of the middle east and beyond. Chartered in new york state in 1863, the university bases its educational philosophy, standards, and practices on the american liberal arts model of higher education. The university believes deeply in and encourages freedom of thought and expression and seeks to foster tolerance and respect for diversity and dialogue. Graduates will be individuals committed to creative and critical thinking, life long learning, personal integrity, civic responsibility, and leadership.

To provide education and healthcare in beirut, lebanon

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$700,461,628$603,980,307▼ $96,481,321
Land, Buildings, and Equipment, Net$464,763,581$426,331,941▼ $38,431,640
Investments Other Securities$370,226,069$276,534,861▼ $93,691,208
Cash and Non-Interest-Bearing Accounts$27,753,292$99,432,185▲ $71,678,893
Savings and Temporary Cash Investments$79,702,439$51,248,449▼ $28,453,990
Pledges and Grants Receivable$26,588,585$20,056,884▼ $6,531,701
Accounts Receivable$36,110,185$15,176,605▼ $20,933,580
Inventories for Sale or Use$19,695,140$13,202,937▼ $6,492,203
Prepaid Expenses and Deferred Charges$8,073,234$9,583,472▲ $1,510,238
Total Assets$1,902,791,001$1,659,255,988▼ $243,535,013
Other Assets Total$169,416,848$143,708,347▼ $25,708,501
Liabilities
Other Liabilities$181,806,335$154,582,923▼ $27,223,412
Mortgage Notes Payable Secured by Investment Property$38,055,555$84,722,222▲ $46,666,667
Accounts Payable and Accrued Expenses$39,741,180$42,985,414▲ $3,244,234
Deferred Revenue$28,608,331$28,916,549▲ $308,218
Unsecured Notes Loans Payable$14,035,282$6,256,546▼ $7,778,736
Total Liabilities$302,246,683$317,463,654▲ $15,216,971
Net Assets / Fund Balance
Net Assets With Donor Restrictions$784,631,916$699,219,885▼ $85,412,031
Net Assets Without Donor Restrictions$815,912,402$642,572,449▼ $173,339,953
Total Net Assets Fund Balance$1,600,544,318$1,341,792,334▼ $258,751,984
Total Liabilities and Net Assets / Fund Balance$1,902,791,001$1,659,255,988▼ $243,535,013

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$264,795,577$124,386,644$389,182,221
Equipment$45,751,847$247,245,039$292,996,886
Land$88,932,686-$88,932,686
Leasehold Improvements$21,210,438$19,344,082$40,554,520
Other Land Buildings$5,641,393-$5,641,393
Other Assets Org$143,708,347--
Other Securities$46,905,039--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$892,296,100$4,639,164▼ $137,066,461$110,399,961$649,468,842
2020$609,015,813$12,809,494▲ $296,974,285$26,503,492$892,296,100
2019$603,143,058$39,005,725▲ $7,408,515$40,541,485$609,015,813
2018$563,391,688$37,944,876▲ $26,497,343$24,690,849$603,143,058
2017$522,508,509$66,101,763▲ $48,139,084$73,357,668$563,391,688
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amir IbrahimPhysicianFT$82,136$2,217,819$2,299,955
Shady AwwadPhysicianFT$89,712$1,254,382$1,344,094
Fadlo R KhuriPresidentFT$800,000$287,501$1,087,501
Said SaghiehPhysicianFT$84,996$980,987$1,065,983
Youssef BakhachPhysicianFT$99,228$949,591$1,048,819
Ghina GhazeeriPhysicianFT$85,560$962,308$1,047,868
Ghazi ZaatariInterim Dean of MedicineFT$237,432$466,693$704,125
Imad B BaalbakiVP Univ. AdvancementFT$251,676$128,273$379,949
Mohamad SayeghFormer Exec VP Medicine-$345,494$29,000$374,494
Drew WickensCFOFT$285,120$86,065$371,185
Youssif AsfourChief Innovation/transformationFT$285,420$74,688$360,108
Ziyad GhazzalInterim Medical DirectorFT$260,004$81,080$341,084
Muhamad HarajliFormer Provost/deanFT$234,600$89,205$323,805
Mary Jaber NacharVP AdminFT$234,684$72,380$307,064
Ada PorterSecretaryFT$195,085$71,077$266,162
Imad DayyaComptrollerFT$236,676$19,820$256,496
Zaher DawyProvost (as of 7/15/21)FT$160,395$92,288$252,683
Raymond SawayaVP Med. Affairs (as of 10/1/21)FT$113,779$36,383$150,162

Highest Paid Contractors

ContractorServicesLocationCompensation
Patterson Belknap Webb & Tyler LLPLegal Services1133 AVENUE OF THE AMERICAS, New York, NY 10036, Le$1,186,673
Abousleiman & PartnersLegal Services1633 BROADWAY, New York, NY 10019, Le$806,529
Jv Societe Fawaz Sarlecoline ServiEcoline ServicesBIR HASSAN EMBASSIES STR KAWTHAR, Beirut, Le$762,561
International Computer & CommunicationsInformation Technology-$700,445
Deloitte & Touche LLPAccounting Services-$665,183
Revenue and Support

Revenue Composition

Contributions and Grants
$69,304,836
Program Service Revenue
$406,913,160
Investment Income
$-31,489,113
Other Revenue
$-210,347
All Other Contributions
$41,590,972
Change in Net Assets
$-139,387,519

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded34$922,057Fair Market Value (FMV)
Drugs and Medical Supplies14$280,807Fair Market Value (FMV)
Other Non Cash Contri Table3$187,040Fair Market Value (FMV)
Other Non Cash Contri Table2$180,150Fair Market Value (FMV)
Books and Publications-$1,187Fair Market Value (FMV)
Total Noncash Contributions53$1,571,241-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$306,527,707
Other Expenses$212,579,522
Grants and Similar Amounts Paid$64,798,826
Total Fundraising Expense$4,906,064
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$239,331,596$8,172,131$1,208,691$248,712,418
Foreign Grants$64,798,826--$64,798,826
Occupancy$56,184,192$659,599$4,769$56,848,560
Other Employee Benefits$40,293,169$3,740,740$1,094,452$45,128,361
Depreciation Depletion$27,731,021$1,676,882$98,610$29,506,513
Office Expenses$15,288,680$1,308,052$63,828$16,660,560
Information Technology$5,077,577$3,319,189$132,579$8,529,345
Fees for Services Other$6,325,171$973,185$119,648$7,418,004
Payroll Taxes$4,097,867$427,369$149,760$4,674,996
Current Officers, Directors, Trustees, and Key Employees$2,200,361$1,100,181$1,100,181$4,400,723
Pension Plan Contributions$2,918,572$539,379$153,258$3,611,209
Fees for Service Investment Mgmnt Fees-$3,503,911-$3,503,911
Interest$2,496,549$990,713-$3,487,262
Travel$2,065,242$426,277$154,516$2,646,035
Fees for Services Legal$1,037,298$1,089,819$35,031$2,162,148
Other Expenses$1,893,720$2,743,636$128$1,893,720
Insurance$559,098$1,278,380$990$1,838,468
Fees for Services Accounting-$664,137-$664,137
Advertising$147,695$17,053$345,582$510,330
Fees for Services Lobbying$5,694$2,847$242,847$251,388
Conferences and Meetings$135,766$20,559$1,194$157,519
Total Functional Expenses$546,345,952$32,654,039$4,906,064$583,906,055
International Activity

International Summary

Offices
1
Employees
5,402
Spending
$750,541,187

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
Yes
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram ServicesOperation of Six Faculties Serving 8,163 Students in Beirut, Lebanon15,402$586,894,153
Central America and the CaribbeanInvestments---$155,298,352
Europe (including Iceland & Greenland)Investments---$7,355,307
Sub-saharan AfricaInvestments---$993,375
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$258,239
Fundraising Gross Income$46,895
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Reunion$281,695$40,070$9,707$30,363
Gala$1,248,555$6,825$49,622$-42,797
Total Events$1,530,250$46,895$258,239$-211,344
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Samia KhourySpouse of Former OfficerCompensationNo$406,065
Rania JaberRelated to Vp Admin/chief of StaffCompensationNo$53,068
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued End of Service Benefits$116,209,790
Accrued Employee Benefits$38,373,133
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Huda zoghbi and william zoghbi have a family relationship.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by independent certified public accountants and is reviewed by aub's outside legal counsel, aub's chief financial officer, comptroller and the audit committee of the aub board of trustees. The form 990 is also distributed to the full board of trustees prior to filing.

Form 990, Part VI, Section B, Line 12C

Covered individuals are required to complete an annual disclosure statement. If a conflict or potential conflict is reported, the audit committee or the executive committee of the aub board of trustees reviews, resolves and documents the activity in the minutes.

Form 990, Part VI, Section B, Line 15

The compensation and benefits committee of the board of trustees of aub (the "compensation committee") sets the compensation of the president of aub after reviewing comparables and discussing his performance and achievements. The compensation committee also sets the compensation of other officers and key employees after considering the recommendation of the president, reviewing comparables and discussing performance.

Form 990, Part VI, Section C, Line 19

The organization's governing policies, conflict of interest policy, and financial statements are available upon request.

FORM 990, PART VI, SECTION B, LINE 10B:

The worldwide alumni association of the american university of beirut ("waaaub") is the official association for all alumni of aub. Established by the board of trustees, it is a program of the university and does not have separate legal status. Aub requires each u.s. Chapter of waaaub (which chapters are separate entities) to sign a chapter agreement and to abide by uniform chapter policies and procedures setting forth the duties and responsibilities of the chapter as an official alumni chapter of waaaub.

Filing and Contact Details

Filer

Filer Name
American University of Beirut
EIN
13-5596846
Phone
2125837600
Address
3 DAG HAMMARSKJOLD PLAZA 8 FL, NEW YORK, NY 10017-2303

Signing Officer

Name
Fadlo R Khuri
Title
President
Phone
2125837600
Signed
2023-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fadlo R Khuri
Formed
1863
Legal Domicile
Ny
Voting Board Members
36
Independent Board Members
35
Employees
415
Volunteers
253

Preparer

Firm
Baker Tilly US Llp
Address
18500 VON KARMAN AVE 10TH FLOOR, IRVINE, CA 92612
Preparer
Brian Yacker
Phone
9492222999
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There was no change in the process from the prior year.

Financial Statement Notes

PART III, LINE 1A:

And part iii, line 4 - collections - the university collections include paintings by distinguished lebanese artists and ancient artifacts. The university has not capitalized the collections. These collections are maintained for public exhibition, education, and research in furtherance of public service rather than for financial gain. Collections are valuable assets of the university and are protected, kept unencumbered, cared for, and preserved. The proceeds of items in collections that are sold are used to acquire other items for collections.

PART V, LINE 4:

The endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. The funds are used as permitted to support education and health services, and to acquire and maintain property and equipment.

PART X, LINE 2:

The university 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 university 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 university is not subject to income tax in lebanon. The university 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 consolidated financial statements. Management evaluated and determined no provision for income taxes is necessary as of and for the years ended june 30, 2022 and 2021.

Raw XML AppendixShowing 400 of 1,459 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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