2014-03-17T14:38:10-05:00 2013-06-30 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2012-07-01 131935349 INTERNATIONAL COLLEGE - BEIRUT INTE 2125293005 215 PARK AVENUE SOUTH STE 1710 NEW YORK NY 10022 WILLIAM TURNER 2125293005 2014-03-18 1 MARTIN GREIF P00029738 2123721000 2012 2015-11-30 17:44:51Z JOHN JOHNSON 215 PARK AVENUE SOUTH STE 1710 NEW YORK NY 10022 46857594 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. 34 32 33 33 6649 0 4130445 6929584 30781385 31977276 1458858 5399200 139103 68703 36509791 44374763 1255707 1388832 0 0 22397729 23162379 0 0 1227782 9498241 11461092 33151677 36012303 3358114 8362460 147270524 169363478 62727129 73907564 84543395 95455914 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 26712183 1388832 31977276 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 3,537 STUDENTS SERVED IN FISCAL YEAR 2013. 26712183 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 1 0 0 0 0 0 0 0 0 0 0 1 5 0 1 33 1 1 1 1 LE 0 0 0 0 0 0 0 0 X 34 32 1 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 1.00 X 0 0 0 WAEL O BAYAZID '70 1.00 X 0 0 0 JONATHAN JON A CONNER 1.00 X 0 0 0 FREDERIK O CRAWFORD 1.00 X 0 0 0 WALID DAOUK '76 1.00 X 0 0 0 TM MAC DEFORD 1.00 X X 0 0 0 BAYARD DODGE 1.00 X 0 0 0 FORD FRAKER 1.00 X 0 0 0 AMAL A GHANDOUR 1.00 X 0 0 0 MARWAN GHANDOUR '63 1.00 X 0 0 0 ANTHONY JONES 1.00 X 0 0 0 YUSUF A KAN'AN '71 1.00 X 0 0 0 GERRIT KEATOR 1.00 X 0 0 0 PETER B KELLNER 1.00 X 0 0 0 FOUAD MALOUF '56 1.00 X X 0 0 0 MARWAN A MARSHI '79 1.00 X 0 0 0 SAFWAN MASRI 1.00 X 0 0 0 JOHN G MCCARTHY JR 1.00 X 0 0 0 AZMI MIKATI 1.00 X 0 0 0 ANWAR AL MULLA '63 1.00 X 0 0 0 MIRNA B NOUJAIM 1.00 X 0 0 0 AIDA REED LUCE 1.00 X 0 0 0 IAN REED 1.00 X 0 0 0 MATTHEW A REYNOLDS 1.00 X 0 0 0 DONALD J SELINGER 2.00 X X 0 0 0 TALAL K SHAIR '83 1.00 X 0 0 0 ISSAM SHAMMAS '63 1.00 X 0 0 0 MOHAMMED S H AL-SOLEIMAN '59 1.00 X 0 0 0 IMAD TAHER '58 3.00 X 0 0 0 WILLIAM H TURNER 3.00 X X 0 0 0 RICHARD S WARD 2.00 X 0 0 0 MAYA TOHME 1.00 X 0 0 0 MU'TAZ SAWWAF FROM 1112 1.00 X 0 0 0 PETER GERARD 40.00 X 200000 0 20414 TALAL JUNDI 40.00 X 130741 0 19751 JOHN JOHNSON 40.00 X 251000 0 16526 MARIE CH MOURANI 40.00 X 217953 0 11127 MOUFID BEYDOUN 40.00 X 147713 0 26147 YOUSSEF ABI ABDALLAH 40.00 X 108755 0 12960 1056162 0 106925 6 0 1 0 MAN ENTREPRISE ASHRAFIEH-CHARLES MALEK AVENUE-SOLE BEIRUT LE CONSTRUCTION SERVICES 17372942 KASSEM CO TRANSPORT AND GENERAL CONTRAC VERDUN-SAID JAAFAR BLDG1ST FLOOR- BEIRUT LE TRANSPORTATION SERVICES 773512 TANIA TRAVEL HAMRA-SIDANI STREET-TEL01-739682 P BEIRUT LE TRAVEL SERVICES 388658 KHATIB AND ALAMI JENAH KHATIBALAMI BLDG TEL01-84 BEIRUT LE CONSTRUCTION SERVICES 373973 MERRILL LYNCH MADISON AV LAKEWOOD NJ 08701 ENDOWMENT MANAGEMENT SERVICES 220367 13 176868 6752716 15238 6929584 STUDENT TUITION & FEES 611710 30167452 30167452 AUXILIARY ACTIVITIES 611710 1052695 1052695 INSTRUCTIONAL MATERIALS 611710 757129 757129 31977276 1857425 6649 1850776 6024606 2482831 3541775 3541775 3541775 MISCELLANEOUS 900099 68703 68703 68703 44374763 31977276 6649 5461254 1388832 1388832 878643 678643 200000 15905746 14013441 1464460 427845 849493 722368 110993 16132 5434818 4563570 749809 121439 93679 83943 8494 1242 758885 758885 43426 43426 113142 113142 185920 185920 223358 223358 361574 212436 112583 36555 42671 42671 4626916 2538049 1894749 194118 428215 428215 428954 428954 173689 129158 44531 40506 40506 1180025 1180025 2222362 1755666 466696 357443 357443 STUDENT ACTIVITIES 137866 137866 OFF CAMPUS HOUSING 136140 108912 27228 36012303 26712183 8072338 1227782 2995451 3225217 23058145 32765407 678591 1070353 335059 236166 100858939 17220152 74143150 83638787 44375682 47215823 1684446 1211725 147270524 169363478 8941958 4658920 7387672 8157327 36248392 51000183 10149107 10091134 62727129 73907564 X 65281389 83531337 12562118 5092508 6699888 6832069 84543395 95455914 147270524 169363478 X 8362460 1612743 937316 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185920 185920 35826383 36012303 1000000 250000 0 0 1000000 1000000 1500000 185920 185920 250000 250000 375000 28360365 132181 4068844 450687 32110703 28372424 266823 125201 404083 28360365 23885740 105350 4763787 382453 28372424 18085980 3204821 2739165 144226 23885740 35001063 25800 -3693830 13247053 18085980 0.66000 0.21000 0.13000 0 0 6749695 6749695 78167296 10962379 67204917 15941948 6257773 9684175 83638787 ACCRUED RETIREMENT INDEMNITIES 7955567 INTEREST RATE SWAP LIABILITY 2135567 10091134 X 45312632 1612743 937316 2550059 42762573 223358 1388832 1612190 44374763 34400113 0 34400113 223358 1388832 1612190 36012303 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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. AS OF JUNE 30, 2013 AND 2012, THE COLLEGE HAS NOT IDENTIFIED OR PROVIDED ANY SUCH POSITIONS. GENERALLY, THE COLLEGE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP 937,316. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,388,832. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,388,832. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 3,500 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES AID FROM U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT 1 MIDDLE EAST AND NORTH AFRICA - 1 601 PROGRAM SERVICES EDUCATION 35788946 MIDDLE EAST AND NORTH AFRICA - 0 0 INVESTMENTS 22394436 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1388832 1 601 0 0 1 601 59572214 0 59572214 SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - 184 1388832 CASH PAYMENTS 1 0 0 0 0 1 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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 MAKE THE FINAL DECISION CONCERNING FINANCIAL AID GRANTS TAKING INTO CONSIDERATION THE REMARKS BY THE INTERVIEWERS, THE APPLICANT'S FINANCIAL, ACADEMIC AND DISCIPLINARY RECORD. X 1 0 X X 0 0 0 0 0 0 0 1 0 PETER GERARD 199969 0 0 0 31 0 0 0 20414 0 220414 0 0 0 TALAL JUNDI 110741 0 20000 0 0 0 11084 0 8667 0 150492 0 0 0 JOHN JOHNSON 251000 0 0 0 0 0 0 0 16526 0 267526 0 0 0 MARIE CH MOURANI 169712 0 36721 0 11520 0 3095 0 8032 0 229080 0 0 0 MOUFID BEYDOUN 117693 0 30020 0 0 0 0 0 26147 0 173860 0 0 0 PART I, LINE 1A COMPANION TRAVEL, IN THE AMOUNT OF $15,975, WAS PROVIDED TO THE PRESIDENT FOR THE FISCAL YEAR ENDED JUNE 30, 2013. 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: TALAL EL JUNDI - $20,000 MOUFID BEYDOUN - $30,020 7690 SCHOLARSHIPS - TUITION ASSISTANCE WILLIAM TURNER CHAIRMAN 55000 MR. TURNER'S DAUGHTER-IN-LAW IS A SALARIED EMPLOYEE OF THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 2 AIDA REED, TRUSTEE, AND IAN REED, TRUSTEE - FAMILY RELATIONSHIP 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 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 937,316.