2023-05-15T16:06:03-05:00 2022-06-30 135565207 KPMG LLP 200 EAST RANDOLPH STREET SUITE 5500 CHICAGO IL 60601 990 2021-07-01 131935349 INTERNATIONAL COLLEGE - BEIRUT INTE 2125293005 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 DONALD J SELINGER CHAIRMAN 2125293005 2023-05-10 1 DONALD SELINGER XXX-XX-XXXX ZELJKO POPOVIC P01795951 3126651000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOEL PEINADO 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 60946636 0 X WWW.IC.EDU.LB X 1891 MA THE MISSION OF INTERNATIONAL COLLEGE IS TO PROVIDE ITS STUDENTS WITH EXEMPLARY CURRICULAR AND EXTRACURRICULAR PROGRAMS WHICH REFLECT THE BEST PRACTICES IN AMERICAN AND INTERNATIONAL EDUCATION. 33 33 701 33 0 0 7517155 2665882 42293479 7491760 10277982 12817101 521860 34103241 60610476 57077984 2048592 512609 0 0 34912494 10758642 0 0 401394 16440039 36273971 53401125 47545222 7209351 9532762 232638359 181935809 60902741 30437050 171735618 151498759 X THE MISSION OF INTERNATIONAL COLLEGE IS TO EDUCATE YOUNG MEN AND WOMEN TO BE CAPABLE OF INITIATIVE AND CRITICAL THINKING, WHO WILL SERVE AS ROLE MODELS IN A GLOBAL SOCIETY. SEE SCHEDULE O FOR CONTINUATION.THE CURRICULUM AIMS FOR EXCELLENCE AT ALL LEVELS AND EMBRACES THE EDUCATION OF THE WHOLE PERSON. GRADUATES OF INTERNATIONAL COLLEGE WILL HAVE DEVELOPED SELF DISCIPLINE, PROBLEM SOLVING ABILITIES, SOCIAL RESPONSIBILITY, SELF CONFIDENCE AND AWARENESS OF, AND RESPECT FOR, THE INTERDEPENDENCE OF NATIONS IN ALL THEIR DIVERSITY. 0 0 15894782 512609 14724140 WE ARE A PRIVATE COEDUCATIONAL, NOT-FOR-PROFIT, NONSECTARIAN, LIBERAL ARTS INSTITUTION, FROM PRESCHOOL THROUGH THE LEBANESE BACCALAUREATE, THE FRENCH BACCALAUREATE, AND THE COLLEGE PREPARATORY SCHOOL DIPLOMA. THERE WERE 3,482 STUDENTS SERVED IN FISCAL YEAR 2022. 15894782 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 26 1 1 1 1 LE 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA NY X TALAL EL JUNDI 2125293005 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 ELIZABETH ADELMAN TRUSTEE 1.00 X 0 0 0 SELIM BASSOUL TRUSTEE 1.00 X 0 0 0 MONA BAWARSHI '67 TRUSTEE 1.00 X 0 0 0 WAEL O BAYAZID '70 TRUSTEE 1.00 X 0 0 0 JONATHAN JON A CONNER TRUSTEE 1.00 X 0 0 0 FREDERIK O CRAWFORD TRUSTEE 1.00 X 0 0 0 WALID DAOUK '76 TRUSTEE 1.00 X 0 0 0 TM MAC DEFORD TRUSTEE 1.00 X 0 0 0 BAYARD DODGE TRUSTEE 1.00 X 0 0 0 AMAL A GHANDOUR TRUSTEE 4.00 X 0 0 0 YUSUF A KANAAN '71 TRUSTEE 1.00 X 0 0 0 MARWAN A MARSHI '79 TRUSTEE 1.00 X 0 0 0 SAFWAN MASRI TRUSTEE 1.00 X 0 0 0 JOHN G MCCARTHY JR TRUSTEE 1.00 X 0 0 0 MAHER MIKATI '98 TRUSTEE 1.00 X 0 0 0 ANWAR AL MULLA '63 TRUSTEE 1.00 X 0 0 0 MIRNA B NOUJAIM TRUSTEE 1.00 X 0 0 0 IAN REED TRUSTEE 1.00 X 0 0 0 MATHEW A REYNOLDS TRUSTEE 1.00 X 0 0 0 MU'TAZ SAWWAF TRUSTEE 1.00 X 0 0 0 TALAL K SHAIR '83 TRUSTEE 1.00 X 0 0 0 ISSAM SHAMMAS '63 TRUSTEE 1.00 X 0 0 0 RABIH SHIBLI TRUSTEE 1.00 X 0 0 0 AHMAD TAYEB TRUSTEE 1.00 X 0 0 0 MAY THEODORE TRUSTEE 1.00 X 0 0 0 MAYA TOHME TRUSTEE 1.00 X 0 0 0 JOHN KHABBAZ TRUSTEE 1.00 X 0 0 0 ANTHONY JONES ASSISTANT TREASURER 1.00 X X 0 0 0 GERRIT KEATOR ASSISTANT SECRETARY 1.00 X X 0 0 0 DONALD J SELINGER CHAIRMAN 5.00 X X 0 0 0 IMAD TAHER '58 VICE CHAIRMAN 4.00 X X 0 0 0 WILLIAM H TURNER TREASURER 2.00 X X 0 0 0 RICHARD S WARD SECRETARY 2.00 X X 0 0 0 JOEL PEINADO PRESIDENT 40.00 X 375004 0 72943 TALAL EL JUNDI CFO AND VP 40.00 X 146618 0 13320 MOUFID BEYDOUN INTERIM DIRECTOR & VP FOR DEV 40.00 X 213487 0 10221 PAULA MUFARRIJ VP FOR ACADEMIC AFFAIRS 40.00 X 145351 0 10677 YOUSSEF ABI ABDALLAH DIRECTOR OF FACILITIES 40.00 X 102091 0 9274 KATHLEEN KHAYATT ELEMENTARY SCHOOL DIRECTOR 40.00 X 134000 0 6755 1116551 0 123190 6 0 1 0 ABNIAH SARL ASHRAFIEH SURSOCK ST MOUTRAN BUIL BEIRUT LE CONSTRUCTION SERVICES 655328 MORGAN STANLEY ONE FAWCETT PL 3RD FLOOR GREENWICH CT 06830 INVESTMENT SERVICES 505761 USM DEVELOPMENT SAL HORSH TABET-SIN EL FIL- PO BOX-5500 BEIRUT LE CLEANING SERVICES 298906 ENERGY BRIDGE SIN EL FIL HIGHWAY FACING FREEWAY BEIRUT LE INTERNET SERVICES 287819 RACHID KARAM ARCHITECTS SAL JAL EL DIB BLDG 136 BEIRUT LE CONSTRUCTION SERVICES 227168 6 2665882 39470 2665882 STUDENT TUITION & FEES 611710 7438557 7438557 INSTRUCTION MATERIALS 611710 53203 53203 7491760 1824197 1824197 14861556 3868652 10992904 10992904 10992904 GAIN-CURRENCY EXCHANGE 900099 34097627 34097627 5614 5614 34103241 57077984 41595001 0 12817101 512609 512609 626494 626494 8715204 7801221 686731 227252 53687 40685 11724 1278 1363257 961140 354385 47732 35512 32034 3478 70739 70739 492847 492847 285899 215013 67264 3622 23611 23611 2638812 1883699 658431 96682 571929 571929 83955 11746 72209 24965 1040 2575 21350 398 398 461809 461809 4267124 3371028 896096 371645 371645 LOSS ON EXCHANGE 26870860 26870860 OFF CAMPUS 55015 44012 11003 AUXILIARY SERVICES 16610 16610 STUDENT ACTIVITIES 2241 2241 47545222 15894782 31249046 401394 22753901 1917150 1447252 421339 3191429 446929 456118 202012 147311689 50682873 100407800 96628816 104326068 82269333 55791 50230 232638359 181935809 7727420 1879231 9933626 2999805 24463337 24922147 9058110 9720248 635867 60902741 30437050 X 144993938 128855880 26741680 22642879 171735618 151498759 232638359 181935809 9532762 -29769621 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20674362 20674362 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 24448737 28653 -3071343 1118409 20287638 19398253 53682 6092977 1096175 24448737 17639410 114199 2561831 917187 19398253 16653297 57623 1777221 848731 17639410 41486797 56812 2446744 781052 26556004 16653297 0.39350 0.60650 0 0 6749695 6749695 115637729 31057876 84579853 24924265 19624997 5299268 96628816 ACCRUED RETIREMENT INDEMNITIES 635867 635867 X 26302907 -29769621 -512609 -30282230 56585137 492847 492847 57077984 46539766 0 46539766 492847 512609 1005456 47545222 PART V, LINE 4: THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, FACULTY DEVELOPMENT, ACADEMIC PROGRAMS, AWARDS AND OVERALL GENERAL PURPOSES. PART X, LINE 2: THE COLLEGE HAS BEEN CLASSIFIED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE COLLEGE IS, HOWEVER, SUBJECT TO UNRELATED BUSINESS INCOME TAX ON A PORTION OF INCOME DERIVED FROM ITS ALTERNATIVE INVESTMENTS. THE COLLEGE RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE COLLEGE EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS OF ITS FINANCIAL STATEMENTS. THE COLLEGE BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2017. AS OF JUNE 30, 2022 AND 2021, THE COLLEGE HAS NOT IDENTIFIED OR PROVIDED ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -512,609. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 512,609. ROUNDING 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS AVAILABLE ON THEIR WEBSITE. INTERNATIONAL COLLEGE (IC), IN BEIRUT, LEBANON, SERVES A PREDOMINANTLY ARAB COMMUNITY IN WHICH A DIFFERENCE OF RELIGION IS MORE LIKELY A SOURCE OF DISCRIMINATION THAN RACE. IC'S 3,482 STUDENTS COME FROM ALL OVER LEBANON, AS WELL AS FROM OTHER COUNTRIES IN THE MIDDLE EAST AND AROUND THE WORLD. WE ARE PROUD OF OUR NON-SECTARIAN ADMISSIONS POLICY AND SIGNIFICANT FINANCIAL AID ASSISTANCE. ALL BROCHURES, ETC., DESCRIBING THE COLLEGE, ANNOUNCE THE NON-SECTARIAN NATURE OF THE SCHOOL. THE GUIDING STATEMENTS OF INTERNATIONAL COLLEGE CALL FOR ETHICAL BEHAVIOR, RESPECT FOR OTHERS, INTERDEPENDENCE, RESPONSIBILITY, AND COMPASSION. SCHEDULE E, PART I, LINE 6 INTERNATIONAL COLLEGE RECEIVED FINANCIAL AID ASSISTANCE FROM THE OFFICE OF AMERICAN SCHOOLS AND HOSPITALS ABROAD (ASHA). 1 MIDDLE EAST AND NORTH AFRICA 1 698 PROGRAM SERVICES EDUCATION 18684132 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 1477621 MIDDLE EAST AND NORTH AFRICA GRANTS TO RECIPIENTS LOCATED IN THE REGION 512609 1 698 0 0 1 698 20674362 0 20674362 SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 396 512609 SCHOLARSHIPS CREDITED TO STUDENTS' ACCOUNTS FMV 0 0 0 0 0 1 PART I, LINE 2: APPLICATIONS FOR FINANCIAL AID SHOULD BE SUBMITTED AT THE STUDENT SECTION UNIT UPON APPOINTMENT. AN INTERVIEW IS MADE WITH THE PARENT/GUARDIAN OF THE APPLICANT. DOCUMENTS AND DEADLINES SHOULD BE RESPECTED. STUDENTS WHO WILL BE GRANTED FINANCIAL AID MUST HAVE SPENT AT LEAST ONE YEAR AT IC. THE COMMITTEE FOR FINANCIAL AID, WHICH CONSISTS OF THE EXECUTIVE MEMBERS, HOLDS A MEETING AROUND MAY AND MAKES THE FINAL DECISIONS CONCERNING FINANCIAL AID GRANTS TAKING INTO CONSIDERATION THE REMARKS BY THE INTERVIEWERS, THE APPLICANT'S FINANCIAL, ACADEMIC AND DISCIPLINARY RECORD. PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 1 0 JOEL PEINADO PRESIDENT 350004 0 25000 0 0 0 0 0 72943 0 447947 0 0 0 MOUFID BEYDOUN INTERIM DIRECTOR & VP FOR DEV 170303 0 43184 0 0 0 0 0 10221 0 223708 0 0 0 TALAL EL JUNDI CFO AND VP 91618 0 55000 0 0 0 0 0 13320 0 159938 0 0 0 PAULA MUFARRIJ VP FOR ACADEMIC AFFAIRS 103493 0 41858 0 0 0 0 0 10677 0 156028 0 0 0 PART I, LINE 7 THE FOLLOWING INDIVIDUALS LISTED ON PART VII RECEIVED A NON-FIXED PAYMENT, IN THE FORM OF A BONUS, DURING THE YEAR: JOEL PEINADO - $25,000 MOUFID BEYDOUN - $43,184 TALAL EL JUNDI - $55,000 KATHLEEN KHAYATT - $10,000 PAULA MUFARRIJ - $41,858 1086 EDUCATIONAL BENEFIT X 3 39470 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS SHOWN ABOVE REPRESENTS THE NUMBER OF DONORS OF PUBLICLY TRADED STOCK DURING THE YEAR. PART I, LINE 5 AND PART V, LINE 2A: THE AMOUNTS ON THESE TWO LINES DIFFER BECAUSE THE NUMBER OF EMPLOYEES REPORTED ON PART I, LINE 5 INCLUDES EMPLOYEES IN LEBANON IN ADDITION TO THE US-BASED EMPLOYEES (INCLUDED IN FORM W-3) REPORTED ON PART V, LINE 2A. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO FOR ACCURACY. ONCE IT IS COMPLETED, A COPY IS DISTRIBUTED TO THE CHAIRMAN BUT A COMPLETE COPY WAS NOT DISTRIBUTED TO THE ENTIRE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE RESPECTIVE CONFLICT OF INTEREST QUESTIONNAIRES ON AN ANNUAL BASIS. IT IS REQUIRED THAT IF A POTENTIAL CONFLICT ARISES, SUCH BOARD MEMBERS, COMMITTEE MEMBERS, OR EMPLOYEES MUST RECUSE THEMSELVES FROM VOTING ON A RELATED MATTER. IF A POTENTIAL CONFLICT WOULD ARISE, THE BOARD WOULD ADDRESS IT APPROPRIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DECIDES ON THE COMPENSATION PACKAGE, BASED ON THE MARKET SCALE, FOR THE PRESIDENT. FOR ALL OTHER POSITIONS, THE PRESIDENT AND THE DIRECTOR OF HUMAN RESOURCES DECIDE ON THE COMPENSATION PACKAGE BASED ON THE MARKET SCALE AND THE EXISTING SCALE IN THE SCHOOL. COMPENSATION FOR ALL DIRECTORS, ASSISTANT DIRECTORS, AND ASSOCIATE DIRECTOR POSITIONS ARE RECOMMENDED BY THE PRESIDENT AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).