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Nonprofiteer
← LAU HEALTH FOUNDATION INC

Form 990 for tax year 2024

Filed by LAU HEALTH FOUNDATION INC.

Totals

Total revenue
$280,828
Total expenses
$553,011
Contributions and grants received
$280,828
Grants paid
$530,090
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$413,243
Total liabilities, end of year
$29,200
Net assets or fund balances, end of year
$384,043
Program services expenses (Part IX)
$530,090
Management and general expenses
$22,921
Fundraising expenses
$0
Program service expenses (Part III)
$530,090

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $22,921

  • 1f · All other contributions, gifts and grants

    $257,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $167,375 · program services $167,375

  • 3 · Grants to foreign organizations and individuals

    total $362,715 · program services $362,715

  • 11b · Fees: legal

    total $6,916 · management and general $6,916

  • 11c · Fees: accounting

    total $14,156 · management and general $14,156

  • 24a · Other expenses: BANK CHARGES

    total $1,525 · management and general $1,525

  • 24b · Other expenses: MISCELLANEOUS TAXES

    total $324 · management and general $324

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,764 · end of year $379,231

  • 4 · Accounts receivable

    beginning of year $9,462 · end of year $34,012

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,000 · end of year $9,200

  • 25 · Other liabilities

    beginning of year $20,000 · end of year $20,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $656,226 · end of year $384,043

Mission and programs · 2024

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO ACCEPT CONTRIBUTIONS (INCLUDING MONETARY CONTRIBUTIONS AND CONTRIBUTIONS OF MEDICAL EQUIPMENT) TO SUPPORT THE MEDICAL SCHOOL OF LEBANESE AMERICAN UNIVERSITY, A NEW YORK NOT-FOR-PROFIT CORPORATION. SUCH CONTRIBUTIONS ARE TO BE USED SPECIFICALLY TO SUPPORT MEDICAL AND HEALTH EDUCATION PROGRAMS CONDUCTED OR OPERATED BY THE MEDICAL SCHOOL.

Activities or mission (Part I)

SUPPORT FOR MEDICAL & CLINICAL EDUCATION

  • SUPPORT FOR MEDICAL & CLINICAL EDUCATION. LAU HEALTH FOUNDATION IS A SUPPORTING ORGANIZATION OF LEBANESE AMERICAN UNIVERSITY. THE PRIMARY PURPOSE OF LAU HEALTH FOUNDATION IS FUNDRAISING IN SUPPORT OF MEDICAL & CLINICAL EDUCATION.

    Expenses $530,090 · Grants $530,090

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Chaouki Abdallah

    PRESIDENT & CHAIRIMAN

    Total calculated
    $344,183
    From this org
    $0
    From related orgs
    $301,715
    Other
    $42,468
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,000 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $1,715 related
    Deferred
    $0 + $14,890 related
    Nontaxable benefits
    $0 + $27,578 related
    Filer's total
    $0 + $344,183 related

  • Dr Hanna Shammas

    FOUNDING MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Philip Stoltzfus

    FOUNDING MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mr Charles Abou Rjeily

    TREASURER & SECRETARY

    Total calculated
    $719,414
    From this org
    $0
    From related orgs
    $508,478
    Other
    $210,936
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,830 related
    Bonus
    $0
    Other
    $0 + $252,648 related
    Deferred
    $0 + $166,578 related
    Nontaxable benefits
    $0 + $44,358 related
    Filer's total
    $0 + $719,414 related

  • Mr Michel Chahine

    ASSISTANT TREASURER

    Total calculated
    $260,457
    From this org
    $0
    From related orgs
    $138,975
    Other
    $121,482
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,975 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $98,987 related
    Nontaxable benefits
    $0 + $22,495 related
    Filer's total
    $0 + $260,457 related

  • Dr Michel Mawad

    FORMER PRESIDENT

    Total calculated
    $1,728,510
    From this org
    $0
    From related orgs
    $1,380,380
    Other
    $348,130
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $187,500 related
    Other
    $0 + $742,880 related
    Deferred
    $0 + $287,517 related
    Nontaxable benefits
    $0 + $60,613 related
    Filer's total
    $0 + $1,728,510 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION IS PAID BY LAU AND IS SUBJECT TO THE APPROVAL PROCEDURES OF THE UNIVERSITY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LEBANESE AMERICAN UNIVERSITY MEDICAL CENTER - RIZK HOSPITAL

    C · HOSPITAL · LE

  • MEDICAL CARE HOLDINGS SAL

    C · HOLDING COMPANY · LE

  • MEDICAL CARE MANAGEMENT SAL

    C · MANAGE HEALTHCARE FACILITIES · LE

  • LAU INNOVATE SAL

    C · BUSINESS DEVELOPMENT · LE

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202522969349301587

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