2025-05-14T07:10:02-05:00 2024-06-30 135565207 KPMG LLP 200 EAST RANDOLPH STREET SUITE 5500 CHICAGO IL 60601 990 2023-07-01 131935349 INTERNATIONAL COLLEGE - BEIRUT INTE 2125293005 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 DONALD J SELINGER CHAIRMAN 2125293005 2025-05-13 1 0 ZELJKO POPOVIC P01795951 3126651000 2023 2025-03-06 01:10:19Z JOEL PEINADO 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 45840713 0 X WWW.IC.EDU.LB X 1891 MA THE MISSION OF INTERNATIONAL COLLEGE IS TO INSPIRE AND CHALLENGE EVERY LEARNER TO THINK CRITICALLY, TAKE INITIATIVE, AND CONTRIBUTE TO THE ADVANCEMENT OF SOCIETY. INTERNATIONAL COLLEGE NURTURES THE WHOLE CHILD IN AN ENVIRONMENT THAT FOSTERS WELL-BEING AND PROMOTES AGENCY. INTERNATIONAL COLLEGE PROVIDES HIGH-QUALITY MULTILINGUAL TEACHING AND LEARNING FOR STUDENTS FROM PRE-K TO GRADE 12 ACROSS TWO CAMPUSES. 29 29 782 33 0 0 4351227 4126880 14790833 27875103 10219665 4068462 3087421 315865 32449146 36386310 1264194 1666504 0 0 18649047 29186624 0 0 783392 11223988 13235692 31137229 44088820 1311917 -7702510 189364914 194221981 36776623 42624434 152588291 151597547 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 34507830 1666504 28190969 WE ARE AN AMERICAN-CHARTERD, INDEPENDENT, NON PROFIT, SECULAR, CO-EDUCATIONAL INTERNATIONAL DAY SCHOOL IN LEBANON PROVIDING HIGH-QUALITY MULTILINGUAL TEACHING AND LEARNING FOR STUDENTS FROM PRESCHOOL TO GRADE 12 THROUGH THE LEBANESE PROGRAM, THE FRENCH OFFICIAL PROGRAM, THE AMERICAN COLLEGE PREPARATORY PROGRAM AND THE INTERNATIONAL BACCALAUREATE PROGRAM. THERE WERE 3,664 STUDENTS SERVED IN FISCAL YEAR 2023-2024. 34507830 1 1 0 1 0 0 0 0 0 1 1 0 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 4 0 1 21 1 1 1 1 LE 0 0 0 0 0 0 0 0 0 0 X 29 29 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 BAYARD DODGE SECRETARY 2.00 X X 0 0 0 JOHN KHABBAZ TREASURER 2.00 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 ASSISTANT TREASURER 2.00 X X 0 0 0 ELIZABETH ADELMAN TRUSTEE 1.00 X 0 0 0 SELIM BASSOUL 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 AMAL A GHANDOUR TRUSTEE 4.00 X 0 0 0 KEITH GILLESPIE TRUSTEE (START 11/23) 1.00 X 0 0 0 ANTHONY JONES TRUSTEE (TERM 02/24) 1.00 X 0 0 0 YUFUF A KANAAN '71 TRUSTEE (TERM 05/24) 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 CHRISTOPHER MC GRATH TRUSTEE (START 02/24) 1.00 X 0 0 0 MAHER MIKATI '98 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 (TERM 02/24) 1.00 X 0 0 0 MAY THEODORE TRUSTEE (TERM 02/24) 1.00 X 0 0 0 MAYA TOHME TRUSTEE 1.00 X 0 0 0 RICHARD S WARD TRUSTEE 1.00 X 0 0 0 JOEL PEINADO PRESIDENT 40.00 X 418912 0 79220 TALAL EL JUNDI CFO AND VICE PRESIDENT 40.00 X 152779 0 18428 MOUFID BEYDOUN VP-MAJOR GIFTS, INTERIM DIR. ALUMNI 40.00 X 182415 0 30143 MAIZIA BOUALEM SECONDARY ASSISTANT DIRECTOR 40.00 X 129168 0 28200 KATHLEEN KHAYATT ELEMENTARY SCHOOL DIRECTOR 40.00 X 136500 0 23082 1019774 0 179073 5 0 1 0 USM DEVELOPMENT SAL HORSH TABET-SIN EL FIL- PO BOX-5500 BEIRUT LE CLEANING SERVICES 464170 ETS NABIL ABDALLAH JBEIL-CENTRE KORDAHI MATTA 03-2237 BEIRUT LE CONSTRUCTION 461218 MORGAN STANLEY ONE FAWCETT PL 3RD FLOOR GREENWICH CT 06830 INVESTMENT SVCS 458083 METAL TOUCH MOUNT LEBANON-DEKWANEH-03568824 BEIRUT LE CONSTRUCTION 224175 EQUIP ENGINEERING & CONTRACTING SAL METN MANSOURIEH MAIN STREET-04401 BEIRUT LE CONSTRUCTION 214288 6 120494 501186 3505200 307233 4126880 STUDENT TUITION & FEES 611710 27282973 27282973 INSTRUCTION MATERIALS 611710 592130 592130 27875103 2223947 2223947 11215683 9371168 1844515 1844515 1844515 0 120494 83235 -83235 -83235 GAIN-CURRENCY EXCHANGE 900099 219843 219843 OTHER REVENUE 900099 179257 179257 399100 36386310 28274203 0 3985227 1666504 1666504 738793 738793 21245049 19126144 1613794 505111 100468 69671 29134 1663 7102314 4956321 2023459 122534 68039 68039 84300 84300 501668 501668 567536 444566 118781 4189 25915 25915 5968742 3847797 2030051 90894 813430 813430 66360 66360 103967 7502 37464 59001 545948 545948 3547348 2802405 744943 691346 691346 STUDENT ACTIVITIES 131635 131635 OFF CAMPUS 117753 94202 23551 AUXILIARY SERVICES 1705 1705 44088820 34507830 8797598 783392 3685710 6310752 1631799 3031077 90035 314464 222516 327538 151171008 58211923 95675502 92959085 88018021 91256430 41331 22635 189364914 194221981 4123249 5594840 6521358 9198327 25418330 25964279 713686 1866988 36776623 42624434 X 127542737 125565924 25045554 26031623 152588291 151597547 189364914 194221981 -7702510 6670100 41666 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34507830 34507830 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 22624941 252584 1903398 1156240 23624683 20287638 126950 3283168 1072815 22624941 24448737 28653 -3071343 1118409 20287638 19398253 53682 6092977 1096175 24448737 17639410 114199 2561831 917187 19398253 0.35400 0.64600 0 0 6749695 6749695 117036427 35722624 81313803 27384886 22489299 4895587 92959085 ACCRUED RETIREMENT INDEMNITIES 1866988 1866988 X 40929904 6670100 41666 -1666504 5045262 35884642 501668 501668 36386310 41920648 0 41920648 501668 1666504 2168172 44088820 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 2015. AS OF JUNE 30, 2024 AND 2023, THE COLLEGE HAS NOT IDENTIFIED OR PROVIDED ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -1,666,504. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,666,504. 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 3,664 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 1 784 PROGRAM SERVICES EDUCATION 40218812 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 2203504 MIDDLE EAST AND NORTH AFRICA GRANTMAKING 1666504 1 784 0 0 1 784 44088820 0 44088820 SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 341 1666504 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. 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. GALA DINNER 120494 120494 34380 48855 120494 120494 34380 48855 83235 -83235 X 1 1 X X 0 0 0 0 0 0 0 1 0 JOEL PEINADO PRESIDENT 387500 0 25000 0 6412 0 0 0 79220 0 498132 0 0 0 MOUFID BEYDOUN VP-MAJOR GIFTS, INTERIM DIR. ALUMNI 157415 0 25000 0 0 0 12871 0 17272 0 212558 0 0 0 TALAL EL JUNDI CFO AND VICE PRESIDENT 127779 0 25000 0 0 0 0 0 18428 0 171207 0 0 0 KATHLEEN KHAYATT ELEMENTARY SCHOOL DIRECTOR 136500 0 0 0 0 0 11000 0 12082 0 159582 0 0 0 MAIZIA BOUALEM SECONDARY ASSISTANT DIRECTOR 129168 0 0 0 0 0 20834 0 7366 0 157368 0 0 0 PART I, LINE 1A THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE BENEFIT IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE OR NONTAXABLE COMPENSATION LISTED IN SCHEDULE J, PART II. THE COLLEGE PROVIDES HOUSING TO THE SECONDARY ASSISTANT DIRECTOR AND HEAD OF PROGRAM - FRENCH. THE BENEFIT IS NOT INCLUDED IN THE LISTED PERSON'S TAXABLE OR NONTAXABLE COMPENSATION. 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 - $25,000 TALAL EL JUNDI - $25,000 13155 EDUCATIONAL BENEFIT X 3 307233 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. 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. WE MAKE A DECISION BASED ON MARKET SURVEYS AND INPUT FROM EXECUTIVE RECRUITERS. WE ALSO FACTOR IN THE LEVEL OF EXPERIENCE, CREDENTIALS, AND CURRENT SALARY INFORMATION. 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. THE COMPENSATION DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S CONTRACT OR ANY AMENDMENT BY OFFICIAL LETTERS THAT ARE KEPT IN THEIR FILES IN THE HUMAN RESOURCES DEPARTMENT. 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).