American University Of Beirut in New York, New York (NY)

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American University Of Beirut
Employer Identification Number (EIN)135596846
Name of OrganizationAmerican University Of Beirut
In Care of NameEileen F Oconnor
Address3 Dag Hammarskjold Plz Fl 8, New York, NY 10017-2322
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization
Ruling Date12/1947
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,236,810,623
Amount of Income$728,371,179
Form 990 Revenue Amount$508,416,918
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: University or Technological Institute


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Amount of income in 2014: $728,371,179
This organization: 

 $728,371,179
Other organizations performing similar types of work: 

 $2,635,691

Assets in 2014: $1,236,810,623
This organization: 

 $1,236,810,623
Other organizations performing similar types of work: 

 $4,704,466

Expenses in 2013: $421,704,630
American University Of Beirut: 

 $421,704,630
Other organizations performing similar types of work: 

 $3,620,865

Income to expenses ratio in 2013: 1.7
American University Of Beirut: 

 1.7
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 87.6%
American University Of Beirut: 

 87.6%
Other organizations performing similar types of work: 

 85.6%

Number of employees in 2013: 494
This organization: 

 494
Other organizations performing similar types of work: 

 80

Employees paid over $100,000 in 2013: 70.2%
This organization: 

 70.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 10.6%
American University Of Beirut: 

 10.6%
Other organizations performing similar types of work: 

 4.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoYes
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?YesYes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?YesYes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesYes
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10968889
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return454494
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$8,853,963$6,796,684
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$1,419,572$1,209,827
Total number of individuals who received more than $100,000 of reportable compensation from the organization249324
Total number of independent contractors who received more than $100,000 of compensation from the organization3323
Statement of Revenue
201120122013
Total revenue$297,841,429$392,162,518$463,430,033
Contributions, Gifts, Grants and Other Similar Amounts$30,074,158$54,922,908$49,288,923
Program Service Revenue$231,337,310$316,384,890$364,830,911
541900$178,350,279$201,686,579
Educational Support Services$128,898,997$149,768,880
Educational Support Services$9,135,614$13,375,452
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$12,803,051$11,031,502$25,230,649
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$23,626,910$9,823,218$24,079,550
Gross amount from sales of assets other than inventory (Securities / Other)$153,015,355 / $0$174,002,607 / $0$349,768,354 / $0
Less: cost or other basis and sales expenses (Securities / Other)$128,440,344 / $948,101$163,564,286 / $615,103$324,930,958 / $757,846
Gain or (loss) (Securities / Other)$24,575,011 / $-948,101$10,438,321 / $-615,103$24,837,396 / $-757,846
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$279,410,524$370,409,378$421,704,630
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$17,981,686$24,680,777
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$4,208,449$6,306,224$4,836,678
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$115,714,936$161,463,459$186,229,665
Pension plan accruals and contributions$17,674,506$17,550,495
Other employee benefits$28,852,487$41,523,952
Payroll taxes$4,695,265$6,245,012$7,794,831
Fees for services (non-employees)
Management$0$0
Legal$2,040,842$1,033,359
Accounting$699,973$787,052
Lobbying$151,020$150,448
Professional fundraising services$20,962$24,526$24,392
Investment management fees$1,487,506$1,634,294
Other$5,142,643$6,697,143
Advertising and promotion$1,023,868$700,280
Office expenses$70,043,118$27,741,108
Information technology$4,017,601$4,013,064
Royalties$0$0
Occupancy$13,005,006$14,288,074
Travel$5,707,848$6,076,675
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$284,866$745,775
Interest$1,393,245$1,525,677
Payments to affiliates$0$0
Depreciation, depletion, and amortization$13,701,612$14,413,719
Insurance$260,329$825,519
Other expenses$6,192,256$46,099,381
Other expenses$5,231,058$5,580,837
Other expenses$1,478,687$5,546,520
Other expenses$0$1,204,915
Balance Sheet
201120122013
Total assets$1,009,842,039$1,014,412,396$1,116,007,841
Cash - non-interest-bearing$9,981,133$10,507,497
Savings and temporary cash investments$68,095,426$54,591,419
Pledges and grants receivable, net$57,718,527$62,936,761
Accounts receivable, net$59,378,084$57,785,519
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$9,399,489$11,056,840
Prepaid expenses and deferred charges$7,216,937$9,434,705
Land, buildings, and equipment: cost or other basis$305,042,801$349,582,916
Investments - publicly traded securities$313,834,214$315,936,540
Investments - other securities$183,745,785$164,725,022
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$79,450,622
Total liabilities$229,700,894$239,735,222$270,736,750
Accounts payable and accrued expenses$75,019,870$74,453,005
Grants payable$0$0
Deferred revenue$15,416,433$15,099,736
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$65,638,891$59,268,824$63,514,667
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$90,030,095$117,669,342
Total net assets or fund balances$780,141,145$774,677,174$845,271,091
Unrestricted net assets$452,479,024$465,514,167
Temporarily restricted net assets$172,545,960$219,938,674
Permanently restricted net assets$149,652,190$159,818,250
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$77,083,716$93,929,047$216,584,751$248,860,268$245,101,931$253,526,188$263,365,180$264,702,920
Contributions, gifts, grants, and similar amounts received$29,705,801$21,127,227$36,003,476$56,792,586$32,445,600$40,677,005$38,784,448$46,760,267
Contributions to donor advised funds$0$0
Direct public support$26,737,030$16,157,060$28,571,993$49,957,394$29,126,004$33,438,596$27,290,060$37,303,860
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$2,968,771$4,970,167$7,431,483$6,835,192$3,319,596$7,238,409$11,494,388$9,456,407
Program service revenue including government fees and contracts$128,498,368$123,150,491$134,035,768$144,942,433$158,682,541$162,125,821$170,546,574$187,853,858
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$119,577$76,053$75,442$67,164$87,276$93,415$138,765$5,896
Dividends and interest from securities$10,800,433$10,837,976$17,087,747$20,735,431$19,696,795$19,269,296$22,047,087$17,255,201
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-92,413,161$-61,615,442$29,382,318$26,322,654$34,189,719$31,360,651$31,848,306$12,827,698
Gross amount from sales of assets other than inventory$976,743,205$1,001,364,458$241,803,252$132,826,713$226,641,210$312,458,186$169,268,807$384,720,630
Less: cost or other basis and sales expenses$1,069,156,366$1,062,979,900$212,420,934$106,504,059$192,451,491$281,097,535$137,420,501$371,892,932
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$372,698$352,742$0$0$0$0$0$0
Total expenses$159,998,351$149,825,218$173,197,688$176,003,130$182,236,742$207,512,119$207,321,296$218,745,900
Program services$139,772,028$126,782,510$151,928,578$155,707,373$159,156,400$182,542,665$179,231,401$191,621,305
Management and general$17,563,644$19,939,429$17,780,711$16,229,951$18,638,157$20,365,262$23,513,362$22,104,976
Fundraising$2,662,679$3,103,279$3,488,399$4,065,806$4,442,185$4,604,192$4,576,533$5,019,619
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$486,799,019$430,902,848$474,289,911$547,147,049$610,012,238$648,752,622$734,358,720$678,749,355
Excess or (deficit) for the year$-82,914,635$-55,896,171$43,387,063$72,857,138$62,865,189$46,014,069$56,043,884$45,957,020
Net assets or fund balances at beginning of year$569,712,656$486,799,019$430,902,848$474,289,911$547,147,049$610,012,238$648,752,622$734,358,720
Other changes in net assets or fund balances$998$0$0$0$0$-7,273,685$29,562,214$-101,566,385
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$218,745,900$191,621,305$22,104,976$5,019,619
Grants paid from donor advised funds$0
Other grants and allocations$10,827,892
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,868,617$1,256,400$1,323,423$288,794
Compensation of former officers, directors, key employees, etc.$95,000$0$95,000$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$85,172,556$77,467,086$5,973,067$1,732,403
Pension plan contributions not included above$10,334,881$9,181,096$971,328$182,457
Employee benefits not included above$16,928,457$15,335,721$1,287,967$304,769
Payroll taxes$4,686,902$4,163,657$440,500$82,745
Professional fundraising fees$0$0$0$0
Accounting fees$270,995$4,995$266,000$0
Legal fees$2,229,858$0$2,104,100$125,758
Supplies$43,601,791$42,520,372$524,907$556,512
Telephone$1,448,435$1,012,168$363,576$72,691
Postage and shipping$609,758$208,271$91,139$310,348
Occupancy$3,883,164$3,347,876$481,445$53,843
Equipment rental and maintenance$4,254,411$3,678,917$458,612$116,882
Printing and publications$0$0$0$0
Travel$3,405,962$2,322,657$811,535$271,770
Conferences, conventions, and meetings$266,086$126,037$105,152$34,897
Interest$941,499$380,997$366,107$194,395
Depreciation, depletion, etc.$7,733,936$7,108,348$458,359$167,229
Other expenses not covered above$19,185,700$12,678,815$5,982,759$524,126
Balance Sheets
20002001200220032004200520062007
Total assets$596,791,065$505,330,337$586,164,139$679,226,524$740,893,522$800,102,596$883,158,118$858,353,922
Cash - non-interest-bearing$10,155,992$6,080,976$16,027,733$22,296,664$15,690,640$14,199,435$11,830,263$29,702,596
Savings and temporary cash investments$369,239$216,155$1,399,957$0$0$7,626,719$12,887,308$27,969,948
Accounts receivable less allowance for doubtful accounts$41,152,088$35,879,215$40,550,513$75,844,708$76,581,792$105,956,925$90,939,307$97,531,161
Pledges receivable less allowance for doubtful accounts$17,088,513$16,477,781$20,994,176$46,363,976$48,155,812$51,301,010$47,576,208$50,408,420
Grants receivable$5,095,519$5,937,436$8,601,812$6,988,699$7,143,099$5,425,449$5,647,771$7,112,725
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$4,372,013$3,704,174$4,290,555$3,900,803$3,336,893$4,773,985$5,720,847$7,252,401
Prepaid expenses and deferred charges$1,079,855$1,150,373$1,405,469$1,202,991$1,390,591$8,040,278$7,629,129$4,385,982
Investments - publicly-traded securities$362,409,195$227,939,140
Investments - other securities$355,292,933$260,574,995$307,641,733$334,976,404$392,579,684$301,228,832$112,702,362$153,081,889
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$94,874,296$0$0
Land, buildings, and equipment less accumulated depreciation$162,184,913$175,309,232$185,252,191$187,652,279$196,015,011$206,675,667$225,815,728$252,969,660
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$109,992,046$74,427,489$111,874,228$132,079,475$130,881,284$151,349,974$148,799,398$179,604,567
Accounts payable and accrued expenses$96,109,794$69,190,977$67,388,986$68,252,068$62,380,886$77,190,028$74,112,547$86,152,435
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$13,263,491$5,236,512$19,485,242$38,827,407$43,500,398$49,159,946$46,686,851$50,702,132
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$618,761$0$25,000,000$25,000,000$25,000,000$25,000,000$28,000,000$42,750,000
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$596,791,065$505,330,337$586,164,139$679,226,524$740,893,522$800,102,596$883,158,118$858,353,922
Total net assets or fund balances$486,799,019$430,902,848$474,289,911$547,147,049$610,012,238$648,752,622$734,358,720$678,749,355
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$77,083,714$93,929,047$216,584,751$248,860,268$245,101,931$253,526,188$263,365,180$264,702,920
Total revenue, gains, and other support per audited financial statements$70,565,219$87,186,410$208,794,243$240,818,109$236,286,145$236,870,222$281,471,290$157,180,252
Other expenses$0$0$0$0$0$-7,273,685$29,562,215$-95,391,463
Net unrealized gains on investments$0$0$0$0$0$-7,273,685$29,562,214$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$1$-95,391,463
Other revenue$6,518,495$6,742,637$7,790,508$8,042,159$8,815,786$9,382,281$11,456,105$12,131,205
Investment expenses$1,381,041$843,514$850,813$921,133$1,102,561$1,287,142$1,685,368$1,502,273
Other$5,137,454$5,899,123$6,939,695$7,121,026$7,713,225$8,095,139$9,770,737$10,628,932
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$159,998,351$149,825,218$173,197,688$176,003,130$182,236,742$207,512,119$207,321,296$218,745,900
Total expenses and losses per audited financial statements$153,479,856$143,082,581$165,407,180$167,960,971$173,420,956$194,745,115$195,865,192$206,614,695
Other revenue$0$0$0$0$0$0$1$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$95,391,463
Other$0$0$0$0$0$0$1$-95,391,463
Other expenses$6,518,495$6,742,637$7,790,508$8,042,159$8,815,786$12,767,004$11,456,105$12,131,205
Investment expenses$1,381,041$843,514$850,813$921,133$1,102,561$1,287,142$1,685,368$1,502,273
Other$5,137,454$5,899,123$6,939,695$7,121,026$7,713,225$11,479,862$9,770,737$10,628,932
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$84,431$8,443$10,257
40$285,000$23,000$46,270
40$297,228$22,719$8,061
40$194,581$12,606$0
40$260,858$27,936$0
40$217,770$21,721$11,343
40$184,179$15,182$1,552
40$165,936$15,244$1,552
40$152,611$31,497$0
40$185,309$15,885$0
20$55,000$0$0
40$106,455$7,709$0
40$175,992$17,599$11,343
40$168,767$13,238$11,343
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings40
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$95,000$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006274
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$30,088,795$187,853,858
Program service revenue
Program service revenue 1000000$000$0$95,357,081
Program service revenue 2000000$000$0$88,807,911
Program service revenue 3000000$000$0$3,688,866
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$5,896$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$17,255,201$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$12,827,698$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
135596846100%$53,446$45,664
135596846100%$53,446$45,664
135596846100%$53,446$45,664
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$269,175$20,645$0
$186,562$14,214$9,791
$173,535$14,376$0
$171,136$13,742$1,552
$142,712$12,071$1,552
Total number of other employees paid over $50,000276
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$202,000
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$218,745,900
Total lobbying expenditures$202,000
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$202,000
Other exempt purpose expenditures$218,543,900
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$5,282,616$0$5,282,616
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$179,903$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$5,102,713$0$5,102,713
Deductions Not Taken Elsewhere (for 2008)
Total deductions$4,846,759
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$242,824
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$170,699
Excess exempt expenses$0
Excess readership costs$0
Other deductions$4,049,390
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$435,857
Net operating loss deduction$435,857
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American University Of Beirut3 Dag Hammarskjold Plz Fl 8, New York, NY 10017-2322NY1947-12$728,371,179
2Bard CollegePO BOX 5000, Annandale, NY 12504-5000NY1950-11$263,891,112
3University Of Great Falls1301 20th St S, Great Falls, MT 59405-4934MT1946-03$24,904,806
4Warner Pacific College2219 Se 68th Ave, Portland, OR 97215-4026OR1960-07$23,491,657
5Silver Lake College Of The Holy Family2406 S Alverno Rd, Manitowoc, WI 54220-9340WI1946-03$11,842,777
6South Baylo University1126 N Brookhurst St, Anaheim, CA 92801-1702CA1981-02$8,603,126
7Southeastern University501 Eye Street Sw, Washington, DC 20024-2715DC1971-11$7,955,064
8The Stanley G Welsh Charitable Trust N M38446200PO BOX 1802, Providence, RI 02901-1802RI1997-10$6,200,311
9University Of Santa Monica2107 Wilshire Blvd, Santa Monica, CA 90403-5735CA1977-02$6,159,713
10Southern Illinois University Edwardsville Foundation30 North Circle Drive, Edwardsville, IL 62026-1082IL1944-08$3,307,286
11University Of Science & Arts Of Oklahoma Foundation Inc1727 W Alabama Ave, Chickasha, OK 73018-5322OK1974-12$2,265,277
12Ryokan College11965 Venice Blvd Ste 304, Los Angeles, CA 90066-3977CA1979-08$1,248,592
13Sunbridge Institute Inc260 Hungry Hollow Rd, Chestnut Rdg, NY 10977-6304NY1995-05$593,430
14University Of Utah School On Alcoholism & Other Drug DependencyPO BOX 2604, Salt Lake Cty, UT 84110-2604UT1975-05$393,434
15University Housing Project Corporation36 Madison Ave, Madison, NJ 07940-1434NJ1990-09$362,118
16Wayne State University, Alumni Assoc Inc5700 Cass Ave Ste 4900, Detroit, MI 48202-3692MI1961-09$238,512
17Trustees Of Dartmouth College1240 Glade Gulch Road, Castle Rock, CO 80104CO1997-10$161,500
18International Pacific University1040 Waverly Ave, Holtsville, NY 11742-1129NY1991-08$0
19Trustees Of Dartmouth College, Dartmouth Alumni Class Of 1990300 Riverside Drive, New York, NY 10025NY1997-10$0
20Trustees Of Dartmouth College, Tuck Club Of Ny322 West 57th St 21t, New York, NY 10019NY1997-10$0
Number of organizations performing similar types of work
Alabama2
Arizona1
California20
Colorado1
Connecticut2
District of Columbia3
Florida2
Georgia2
Hawaii2
Illinois2
Indiana1
Kansas2
Kentucky1
Louisiana2
Massachusetts1
Maryland1
Michigan2
Missouri3
Mississippi1
Montana1
North Carolina1
New Hampshire7
New Jersey1
New York6
Ohio1
Oklahoma3
Oregon4
Rhode Island1
South Carolina1
South Dakota1
Tennessee1
Texas4
Utah2
Virginia3
Washington3
Wisconsin2
West Virginia1
International10
Total104

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