2026-05-13T15:44:32-05:00 2025-06-30 135565207 KPMG LLP 200 EAST RANDOLPH DRIVE SUITE 5500 CHICAGO IL 606016436 990 2024-07-01 131935349 INTERNATIONAL COLLEGE - BEIRUT INTE 2125293005 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 DONALD J SELINGER CHAIRMAN 2125293005 2026-05-13 1 0 ZELJKO POPOVIC P01795951 3126651000 2026-05-13 2024 2025-03-06 01:10:19Z TOBIN WAIT 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 58686642 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. 27 27 775 31 0 0 4126880 3844889 27875103 42978024 4068462 7816574 315865 11754 36386310 54651241 1666504 2816191 0 0 29186624 36762248 0 0 982722 13235692 13258689 44088820 52837128 -7702510 1814113 194221981 201311469 42624434 45539011 151597547 155772458 THE MISSION OF INTERNATIONAL COLLEGE IS TO INSPIRE AND CHALLENGE EVERY LEARNER TO THINK CRITICALLY,TAKE INITIATIVE, AND CONTRIBUTE TO THE ADVANCEMENT OF SOCIETY. IC NURTURES THE WHOLE CHILD IN AN ENVIRONMENT THAT FOSTERS WELL-BEING AND PROMOTES AGENCY. 0 0 41715665 2816191 43074613 WE ARE AN AMERICAN-CHARTERED, INDEPENDENT, NON PROFIT, SECULAR, CO-EDUCATIONAL INTERNATIONAL DAY SCHOOL IN LEBABNON PROVIDING HIGH-QUALITY MULTILINGUAL TEACHING AND LEARNING FOR STUDENTS FROM PRESCHOOL TO GRADE 12 THROUGH THE LEBANESE BACCALAUREATE PROGRAM, THE FRENCH OFFICIAL PROGRAM, THE AMERICAN PROGRAM AND THE INTERNATIONAL BACCALAUREATE PROGRAM. THERE WERE 3,622 STUDENTS SERVED IN FISCAL YEAR 2024-2025. 41715665 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 27 1 1 1 1 LE 0 0 0 0 0 0 0 0 0 0 X 27 27 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 0.00 X X 0 0 0 DONALD J SELINGER CHAIRMAN 5.00 0.00 X X 0 0 0 IMAD TAHER '58 VICE CHAIRMAN 4.00 0.00 X X 0 0 0 JOHN KHABBAZ TREASURER 2.00 0.00 X X 0 0 0 GERRIT KEATOR ASSISTANT SECRETARY (TERM MAY 2025) 1.00 0.00 X X 0 0 0 SELIM BASSOUL TRUSTEE 1.00 0.00 X 0 0 0 WAEL O BAYAZID '70 TRUSTEE 1.00 0.00 X 0 0 0 FREDERIK O CRAWFORD TRUSTEE 1.00 0.00 X 0 0 0 WALID DAOUK '76 TRUSTEE 1.00 0.00 X 0 0 0 T M MAC DEFORD TRUSTEE 1.00 0.00 X 0 0 0 SAMER DOUGHAN TRUSTEE (START NOV 2024) 1.00 0.00 X 0 0 0 AMAL A GHANDOUR TRUSTEE 4.00 0.00 X 0 0 0 KEITH GILLESPIE TRUSTEE 1.00 0.00 X 0 0 0 MELISSA GORDON TRUSTEE (START NOV 2024) 1.00 0.00 X 0 0 0 MARYLANA SAADEH HELOU TRUSTEE 1.00 0.00 X 0 0 0 MARWAN A MARSHI '79 TRUSTEE 1.00 0.00 X 0 0 0 SAFWAN MASRI TRUSTEE 1.00 0.00 X 0 0 0 JOHN G MCCARTHY JR TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER MCGRATH TRUSTEE 1.00 0.00 X 0 0 0 MAHER MIKATI '98 TRUSTEE 1.00 0.00 X 0 0 0 MIRNA B NOUJAIM TRUSTEE 1.00 0.00 X 0 0 0 MOUHAMAD RABAH TRUSTEE (START MAY 2024) 1.00 0.00 X 0 0 0 IAN REED TRUSTEE 1.00 0.00 X 0 0 0 MATHEW A REYNOLDS TRUSTEE 1.00 0.00 X 0 0 0 MU'TAZ SAWWAF TRUSTEE 1.00 0.00 X 0 0 0 TALAL K SHAIR '83 TRUSTEE 1.00 0.00 X 0 0 0 ISSAM SHAMMAS '63 TRUSTEE (TERM 04/25) 1.00 0.00 X 0 0 0 RABIH SHIBLI TRUSTEE 1.00 0.00 X 0 0 0 MAYA TOHME TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM H TURNER TRUSTEE (EMERITUS NOV 24) 1.00 0.00 X 0 0 0 RICHARD S WARD TRUSTEE (EMERITUS NOV 24) 1.00 0.00 X 0 0 0 TOBIN WAIT PRESIDENT (START JULY 2024) 40.00 0.00 X 176000 0 40195 TALAL EL JUNDI CFO AND VICE PRESIDENT 40.00 0.00 X 185574 0 26155 NAWAL HADDAD VICE PRESIDENT FOR ACADEMIC AFFAIRS 40.00 0.00 X 149415 0 5653 MEGAN KHAIRALLAH SECONDARY SCHOOL DIRECTOR 40.00 0.00 X 199938 0 24186 MOUFID BEYDOUN VP-MAJOR GIFTS, INTERIM DIR. ALUMNI 40.00 0.00 X 181069 0 30168 MAIZIA BOUALEM SECONDARY ASSISTANT DIRECTOR 40.00 0.00 X 137496 0 31371 KATHLEEN KHAYATT ELEMENTARY SCHOOL DIRECTOR 40.00 0.00 X 145475 0 38898 JOEL PEINADO FORMER PRESIDENT (TERM JUNE 2024) 40.00 0.00 X 229635 0 56582 1404602 0 253208 8 1 1 0 USM DEVELOPMENT SAL HORSH TABET-SIN EL FIL- PO BOX-5500 BEIRUT LE CLEANING SERVICES 650517 MORGAN STANLEY ONE FAWCETT PL 3RD FLOOR GREENWICH CT 06830 INVESTMENT SERVICES 509800 ETS NABIL ABDALLAH JBEIL-CENTRE KORDAHI MATTA 03-2237 BEIRUT LE CONSTRUCTION SERVICES 477539 EQUIP ENGINEERING & CONTRACTING SAL METN MANSOURIEH MAIN STREET-04401 BEIRUT LE CONTRACTING SERVICES 255899 METAL TOUCH MOUNT LEBANON-DEKWANEH-03568824 BEIRUT LE CONTRACTING SERVICES 241238 8 291784 3553105 610156 3844889 STUDENT TUITION & FEES 611710 42328234 42328234 INSTRUCTION MATERIALS 611710 649790 649790 42978024 2568121 2568121 9199019 3950566 5248453 5248453 5248453 0 291784 84835 -84835 -84835 OTHER REVENUE 900099 72959 72959 GAIN-CURRENCY EXCHANGE 900099 23630 23630 96589 54651241 43074613 0 7731739 2816191 2816191 696659 696659 25981246 22845122 2527905 608219 460697 350715 101721 8261 9623646 6790156 2633078 200412 103364 103364 114116 114116 508365 508365 592725 457968 125787 8970 5264370 4260804 895020 108546 1156976 1156976 109807 30000 79807 128111 6735 73062 48314 549897 549897 3633462 2870435 763027 953272 953272 OFF CAMPUS 68303 54642 13661 STUDENT ACTIVITIES 58724 58724 AUXILIARY SERVICES 17197 17197 52837128 41715665 10138741 982722 6310752 7107631 3031077 3732510 314464 907414 327538 810739 154007978 61845385 92959085 92162593 91256430 96566806 22635 23776 194221981 201311469 5594840 6355674 9198327 9530719 25964279 26060376 1866988 3592242 42624434 45539011 X 125565924 127548959 26031623 28223499 151597547 155772458 194221981 201311469 1814113 2360798 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41715665 41715665 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 23624683 714397 2455522 1229739 25564863 22624941 252584 1903398 1156240 23624683 20287638 126950 3283168 1072815 22624941 24448737 28653 -3071343 1118409 20287638 19398253 53682 6092977 1096175 24448737 0.35500 0.64500 0 0 6749695 6749695 117383926 38067989 79315937 28619002 23777396 4841606 1255355 1255355 92162593 ACCRUED RETIREMENT INDEMNITIES 3592242 3592242 X 53687483 2360798 -2816191 -455393 54142876 508365 508365 54651241 49512572 0 49512572 508365 2816191 3324556 52837128 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 ALSO CLASSIFIED AS A NOT-FOR-PROFIT ENTITY IN LEBANON. THE COLLEGE IS, HOWEVER, SUBJECT TO UNRELATED BUSINESS INCOME TAX ON A PORTION OF INCOME DERIVED FROM ITS ALTERNATIVE INVESTMENTS, AND VAT OF WHICH UNDER LEBANESE LAWS A PORTION OF IT MAY BE REFUNDED. 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, 2025, AND 2024, THE COLLEGE HAS NOT IDENTIFIED OR PROVIDED ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -2,816,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 2,816,191. 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 3,622 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. 1 MIDDLE EAST AND NORTH AFRICA 1 772 PROGRAM SERVICES EDUCATION 47882612 MIDDLE EAST AND NORTH AFRICA GRANTMAKING 2816191 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 2362729 1 772 0 0 1 772 53061532 0 53061532 SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 375 0 2816191 SCHOLARSHIPS CREDITED TO STUDENTS' ACCOUNTS FMV 0 0 0 0 0 1 PART I, LINE 2: APPLICATIONS FOR FINANCIAL AID SHOULD BE SUBMITTED ONLINE. AN INTERVIEW IS MADE WITH THE PARENT/GUARDIAN OF THE APPLICANT IF NEEDED. SUPPORTING DOCUMENTS SHOULD BE SUBMITTED AND DEADLINES SHOULD BE RESPECTED. STUDENTS ARE ELIGIBLE FOR FINANCIAL AID ONCE ACCEPTED. THE COMMITTEE FOR TUITION ASSISTANCE HOLDS A MEETING AROUND MAY AND MAKES THE FINAL DECISIONS CONCERNING THE TUITION ASSISTANCE GRANTS TAKING INTO CONSIDERATION THE REMARKS BY THE INTERVIEWERS, THE APPLICANT'S FINANCIAL, ACADEMIC AND DISCIPLINARY RECORD. BEIRUT GALA EVENT 165450 165450 27307 40778 NY ALUMNI EVENT 126334 126334 16750 291784 291784 44057 40778 84835 -84835 X 1 1 X X 1 0 0 0 0 0 0 1 0 JOEL PEINADO FORMER PRESIDENT (TERM JUNE 2024) 189381 0 25000 0 15254 0 0 0 56582 0 286217 0 0 0 MEGAN KHAIRALLAH SECONDARY SCHOOL DIRECTOR 56613 0 0 0 143325 0 0 0 24186 0 224124 0 0 0 TOBIN WAIT PRESIDENT (START JULY 2024) 162500 0 0 0 13500 0 0 0 40195 0 216195 0 0 0 TALAL EL JUNDI CFO AND VICE PRESIDENT 160574 0 25000 0 0 0 0 0 26155 0 211729 0 0 0 MOUFID BEYDOUN VP-MAJOR GIFTS, INTERIM DIR. ALUMNI 181069 0 0 0 0 0 0 0 30168 0 211237 0 0 0 KATHLEEN KHAYATT ELEMENTARY SCHOOL DIRECTOR 145475 0 0 0 0 0 0 0 38898 0 184373 0 0 0 MAIZIA BOUALEM SECONDARY ASSISTANT DIRECTOR 137496 0 0 0 0 0 0 0 31371 0 168867 0 0 0 NAWAL HADDAD VICE PRESIDENT FOR ACADEMIC AFFAIRS 149415 0 0 0 0 0 0 0 5653 0 155068 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 PRESIDENT, TO THE SECONDARY SCHOOL DIRECTOR AND TO THE DIRECTOR OF ELEMENTARY SCHOOL. THE BENEFIT IS INCLUDED IN THE LISTED PERSON'S TAXABLE COMPENSATION . PART I, LINE 4A MEGAN KHAIRALLAH, SECONDARY SCHOOL DIRECTOR, RECEIVED $143,325 OF SEVERANCE COMPENSATION IN CALENDAR YEAR 2024. 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 TALAL EL JUNDI - $25,000 37199 EDUCATIONAL BENEFIT X 6 610156 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 AND FINANCE COMMITTEE, 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. THE ORGANIZATION HAS AN ESTABLISHED SALARY SCALE FOR ALL POSITIONS INCLUDING ASSISTANT PRINCIPALS, PRINCIPALS AND VICE PRINCIPALS. SHOULD THE PRESIDENT WISH TO REVISE THE SCALE, HE WOULD SUBMIT THE PROPOSED REVISIONS TO THE CHAIRMAN AND FINANCE COMMITTEE OF THE BOARD FOR FINAL APPROVAL. 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).