2017-05-09T11:14:43-05:00 2016-06-30 420714325 RSM US LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2015-07-01 131935349 INTERNATIONAL COLLEGE - BEIRUT INTE 2125293005 215 PARK AVENUE SOUTH STE 1710 NEW YORK NY 10022 WILLIAM TURNER CHAIRMAN 2125293005 2017-05-09 1 LYNNE JOHNSON P00757336 2123721000 2015 2021-01-29 14:40:06Z DR DONALD BERGMAN 215 PARK AVENUE SOUTH STE 1710 NEW YORK NY 10022 59660029 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. 32 32 704 33 14067 12385 8409482 6444697 35159648 36514807 6930089 1343292 122288 194022 50621507 44496818 1416563 1445091 0 0 24235209 25069265 0 0 1505233 13016195 12480877 38667967 38995233 11953540 5501585 186511357 187300357 70109849 68533582 116401508 118766775 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. 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 31104599 1445091 36514807 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 3,518 STUDENTS SERVED IN FISCAL YEAR 2016. 31104599 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 9 0 1 41 1 1 1 1 LE 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY MA X TALAL EL JUNDI 2125293005 215 PARK AVENUE SOUTH NEW YORK NY 10022 X 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 TREASURER 1.00 X X 0 0 0 BAYARD DODGE TRUSTEE 1.00 X 0 0 0 FORD FRAKER VICE CHAIRMAN 1.00 X X 0 0 0 AMAL A GHANDOUR TRUSTEE 1.00 X 0 0 0 ANTHONY JONES TRUSTEE 1.00 X 0 0 0 YUSUF A KAN'AN '71 TRUSTEE 1.00 X 0 0 0 GERRIT KEATOR TRUSTEE 1.00 X 0 0 0 CHARLES NEAL-MAGLAQUE TRUSTEE 1.00 X 0 0 0 FOUAD MALOUF '56 VICE CHAIRMAN 1.00 X 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 KATHERINE MURPHY MC CLINTIC TRUSTEE 1.00 X 0 0 0 AZMI MIKATI 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 MATTHEW A REYNOLDS TRUSTEE 1.00 X 0 0 0 DONALD J SELINGER ASSISTANT TREASURER 2.00 X 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 IMAD TAHER '58 TRUSTEE 3.00 X 0 0 0 AHMAD TAYEB TRUSTEE 1.00 X 0 0 0 WILLIAM H TURNER CHAIRMAN 3.00 X X 0 0 0 RICHARD S WARD TRUSTEE 2.00 X 0 0 0 MAYA TOHME TRUSTEE 1.00 X 0 0 0 MU'TAZ SAWWAF TRUSTEE 1.00 X 0 0 0 TALAL JUNDI CFO & VP 40.00 X 165264 0 24579 DONALD BERGMAN PRESIDENT 40.00 X 422964 0 37731 MARIE MOJABBER MOURANI SENIOR VICE PRESIDENT 40.00 X 241815 0 29616 MOUFID BEYDOUN VP FOR ALUMNI & DEVELOPMENT 40.00 X 175000 0 25863 YOUSSEF ABI ABDALLAH DIRECTOR OF FACILITIES 40.00 X 119006 0 13808 NANCY YAACOUB VP CORPORATE & INSTITUTIONAL AFFAIRS 40.00 X 185000 0 25678 1309049 0 157275 6 0 1 0 BARDAWIL SPECIALTIES SAL DORA-TEL01/879916 PO BOX11-3430 BEIRUT LE CONSTRUCTION SERVICES 1705418 KASSEM CO TRANSPORT AND GENERAL CONTRAC VERDUN-SAID JAAFAR BLDG1ST FLOOR- BEIRUT LE TRANSPORTATION 1238227 ALBERT ABELLA CATERING AND SERVICES BEIRUT-DOWNTOWN-STARCO-01-379883- BEIRUT LE SNACK BAR SERVICES 513808 UNIVERSAL SERVICES AND MAINTENANCE HORSH TABET-SIN EL FIL- PO BOX-5500 BEIRUT LE CLEANING SERVICES 431338 MERRILL LYNCH MADISON AV LAKEWOOD NJ 08701 INVESTMENT MANAGEMENT FEES 267184 12 6444697 77154 6444697 STUDENT TUITION & FEES 611710 34802986 34802986 AUXILIARY ACTIVITIES 611710 960305 960305 INSTRUCTIONAL MATERIALS 611710 751516 751516 36514807 2815517 13984 2801533 13690986 15163211 -1472225 -1472225 83 -1472308 MISCELLANEOUS 900099 194022 194022 194022 44496818 36514807 14067 1523247 1445091 1445091 887344 887344 17413410 15191540 1483421 738449 524399 388498 113064 22837 6119659 5188428 713555 217676 124453 108573 10602 5278 56053 56053 126368 126368 275422 275422 1208470 1043374 75586 89510 34825 34825 3858146 2529567 1032173 296406 536857 536857 416933 153982 262951 221175 4467 100401 116307 80531 16915 44846 18770 1475127 1475127 3350290 2646729 703561 441195 441195 STUDENT ACTIVITIES 236746 236746 OFF CAMPUS HOUSING 120173 96139 24034 AUXILLARY EXPENSES 42566 42566 38995233 31104599 6385401 1505233 7384252 3298688 34775664 43693704 1073836 514856 332975 335537 109563740 27156235 81543076 82407505 52489207 56457928 8912347 592139 186511357 187300357 4641777 5145100 9911469 9825390 21475991 21652368 24337942 21822314 9742670 10088410 70109849 68533582 X 96944696 97277133 12326543 14105971 7130269 7383671 116401508 118766775 186511357 187300357 X 5501585 -2704277 -432041 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38995233 38995233 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 185920 67065 18000 270985 250000 250000 250000 250000 1000000 1500000 38695695 253402 -1426761 618765 36903571 37507219 304727 1504372 620623 38695695 31927329 67247 6073649 561005 37507220 28034781 132181 4211054 450687 31927329 28082793 266823 89248 404083 28034781 0.64060 0.20010 0.15930 0 0 6749695 6749695 85324690 16992126 68332564 17489355 10164109 7325246 82407505 ACCRUED RETIREMENT INDEMNITIES 8735188 INTEREST RATE SWAP LIABILITY 1353222 10088410 X 39639987 -2704277 -1877132 -4581409 44221396 275422 275422 44496818 37274720 0 37274720 275422 1445091 1720513 38995233 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 2012. AS OF JUNE 30, 2016 AND 2015, THE COLLEGE HAS NOT IDENTIFIED OR PROVIDED ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP -432,041. SCHOLARSHIPS -1,445,091. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,445,091. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 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 3,518 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. 0 MIDDLE EAST AND NORTH AFRICA 1 663 PROGRAM SERVICES EDUCATION 36503832 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 33671853 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1445091 1 663 0 0 1 663 71620776 0 71620776 SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 161 1445091 SCHOLARSHIPS CREDITED TO STUDENTS' ACCOUNTS FMV 1 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, COL (C): FMV X 1 1 X X 0 0 0 0 0 0 0 1 0 TALAL JUNDI CFO & VP 140264 0 25000 0 0 0 0 0 24579 0 189843 0 0 0 DONALD BERGMAN PRESIDENT 422964 0 0 0 0 0 0 0 37731 0 460695 0 0 0 MARIE MOJABBER MOURANI SENIOR VICE PRESIDENT 152269 0 0 0 89546 0 0 0 29616 0 271431 0 0 0 MOUFID BEYDOUN VP FOR ALUMNI & DEVELOPMENT 175000 0 0 0 0 0 0 0 25863 0 200863 0 0 0 NANCY YAACOUB VP CORPORATE & INSTITUTIONAL AFFAIRS 185000 0 0 0 0 0 0 0 25678 0 210678 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE OF $11,520 WAS PROVIDED TO THE SENIOR VICE PRESIDENT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 THE FOLLOWING INDIVIDUAL LISTED ON PART VII RECEIVED A NON-FIXED PAYMENT, IN THE FORM OF A BONUS, DURING THE YEAR: TALAL EL JUNDI - $25,000 21074 EDUCATIONAL BENEFIT TUITION ASSISTANCE FORM 990, SCHEDULE L, PART III COLUMN D - TYPE OF ASSISTANCE: EDUCATIONAL BENEFITCOLUMN E - PURPOSE OF ASSISTANCE: TUITION ASSISTANCE X 5 77154 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 11 THE FORM 990 IS REVIEWED BY THE CFO FOR ACCURACY. ONCE IT IS COMPLETED, A COPY IS DISTRIBUTED TO ALL BOARD MEMBERS 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). FORM 990, PART VII THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F, AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -432,041.