2023-05-11T14:49:15-05:00 2022-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2021-07-01 042103701 AMERICAN INTERNATIONAL COLLEGE AMER 4137377000 1000 STATE STREET SPRINGFIELD MA 011093151 CHRISTOPHER GARRITY VICE PRESIDENT FOR FINANCE 4137377000 2023-05-10 1 CHRISTOPHER GARRITY 999009999 DAVID A DIIULIS P00303577 6174711120 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTOPHER GARRITY 1000 STATE STREET SPRINGFIELD MA 011093151 85704676 0 X WWW.AIC.EDU X 1885 MA SEE SCHEDULE O 23 23 867 2 0 0 8160674 9050676 75963257 74604169 284071 552123 748873 1476292 85156875 85683260 32538586 34075741 0 0 23384009 24426433 0 0 667906 21890065 26865205 77812660 85367379 7344215 315881 97977130 91378596 36298471 33400681 61678659 57977915 X SEE SCHEDULE O 0 0 64915229 34075741 74499251 HIGHER EDUCATION: PROGRAM SERVICE ACTIVITIES RELATED TO THE INSTITUTION'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,200 STUDENTS INCLUDING SCHOLARSHIPS AND AWARDS OF $34,075,741, INSTRUCTIONAL SERVICES OF $12,960,812 STUDENT SERVICES OF $16,900,256, AND LIBRARY SERVICES OF $978,420. 2784371 1570207 HIGHER EDUCATION: AUXILIARY SERVICES ARE PROVIDED AS AN INTEGRAL PART OF THE COLLEGE. 67699600 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 64 0 1 867 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CHRISTOPHER GARRITY 4132053209 1000 STATE STREET SPRINGFIELD MA 011093151 FRANK COLACCINO CHAIR 4.00 X 0 0 0 TIMOTHY J REGAN II VICE CHAIR 4.00 X 0 0 0 A CRAIG BROWN TREASURER 4.00 X 0 0 0 RONALD J ABDOW TRUSTEE 4.00 X 0 0 0 DEBORAH A BITSOLI TRUSTEE 1.00 X 0 0 0 JAMES A CALHOUN TRUSTEE 1.00 X 0 0 0 ARLEN CARBALLO TRUSTEE 1.00 X 0 0 0 EDWARD P DANEK JR TRUSTEE 1.00 X 0 0 0 MARK J DUCLOS TRUSTEE 1.00 X 0 0 0 E THOMAS FOSTER TRUSTEE 1.00 X 0 0 0 GARY S GILLHEENEY SR TRUSTEE 1.00 X 0 0 0 DENISE JORDAN TRUSTEE 1.00 X 0 0 0 GALE A KIRKWOOD TRUSTEE 1.00 X 0 0 0 STEVEN P LEFEBVRE TRUSTEE 1.00 X 0 0 0 JOHN V LOMBARDI TRUSTEE 1.00 X 0 0 0 EARL T PRYCE TRUSTEE 1.00 X 0 0 0 MICHAEL D RAVOSA TRUSTEE 1.00 X 0 0 0 JOHN ROUSOU TRUSTEE 1.00 X 0 0 0 K KEVIN SAREMI TRUSTEE 1.00 X 0 0 0 NANCY M TANTONE TRUSTEE 1.00 X 0 0 0 THOMAS P TUNSTALL TRUSTEE 1.00 X 0 0 0 DANIEL J WARWICK TRUSTEE 1.00 X 0 0 0 MICHAEL D WEEKES TRUSTEE 1.00 X 0 0 0 DANIEL E DELLA-GIUSTINA TRUSTEE EMERITI 1.00 X 0 0 0 PETER J VOGIAN TRUSTEE EMERITI 1.00 X 0 0 0 E DAVID WILSON TRUSTEE EMERITI 1.00 X 0 0 0 NICOLLE CESTERO-SZEWCZYK CHIEF OPERATING OFFICER 40.00 X 229610 0 9800 CHRISTOPHER GARRITY VICE PRESIDENT FOR FINANCE 40.00 X 169167 0 7313 MARION ROYSTON CHIEF INFORMATION OFFICER 40.00 X 192842 0 8651 ERIC J LANG MEN'S HOCKEY COACH 40.00 X 171080 0 0 KAREN S ROUSSEAU DEAN OF HEALTH SCIENCES 40.00 X 165563 0 6083 SUSANNE SWANKER DEAN OF BUSINESS, ARTS AND SCIENCE 40.00 X 175487 0 5924 MATTHEW SCOTT VP FOR STUDENT AFFAIRS 40.00 X 144300 0 6244 ELLEN FURMAN DIRECTOR OF NURSING 40.00 X 143787 0 4800 VINCENT M MANIACI FORMER PRESIDENT 40.00 X 399377 0 16560 1791213 0 65375 9 1 1 0 CHARTWELLS 4606 CENTRAL SCHOOL RD SAINT CHARLES MO 63304 FOOD SERVICES 6210980 C & W FACILITY SERVICES INC 4002 SOLUTIONS CENTER CHICAGO IL 60677 FACILITIES CONTRACT 4308708 ALLIED UNIVERSAL SECURITY SERVICES 580 HARRISON AVE BOSTON MA 02118 SECURITY 1515705 EBSCO INFORMATION SERVICES 10 ESTES STREET IPSWICH MA 01938 JOURNALS 524572 G4S SECURE SOLUTIONS INC PO BOX 277469 ATLANTA GA 30384 SECURITY 524308 21 7057 7507512 1536107 9050676 UNDERGRADUATE & GRADUATE TUITION 611310 63112729 63112729 RESIDENCE HALLS 611310 11386522 11386522 AUXILIARY ENTERPRISES 611310 104918 104918 74604169 26559 26559 525564 0 525564 525564 525564 32419 7057 21416 11003 11003 MISCELLANEOUS REVENUE 611310 1465289 1465289 1465289 85683260 76069458 0 563126 34075741 34075741 2032700 938493 1094207 18377099 14377771 3578892 420436 2633120 1867122 716222 49776 1383514 1058250 296762 28502 180526 180526 134986 134986 4458498 2730555 1696747 31196 439416 439416 413097 380271 26413 6413 138693 95035 43658 5168213 1159170 3998195 10848 534080 455146 52074 26860 38594 36712 525 1357 578978 523586 55392 3451615 2491589 944903 15123 571616 8869 562747 DINING AND CATERING 4290157 4255613 33880 664 ATHLETICS 1793923 1793839 84 MISCELLANEOUS 1264931 79394 1168670 16867 MAINTENANCE 1043904 383 1036892 6629 2363978 1372061 938766 53151 85367379 67699600 16999873 667906 9103808 9978070 9501883 3812143 324237 254678 4623412 2491532 796000 1471083 101005432 57002690 46370319 44002742 27257471 29368348 97977130 91378596 6023420 5444790 1090351 1089443 26109292 24169665 3075408 2696783 36298471 33400681 X 41273561 40728993 20405098 17248922 61678659 57977915 97977130 91378596 X 315881 -3958566 -58059 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25570045 6373168 -3546830 -372398 28023985 20058783 301039 5497995 -287772 25570045 18847832 740561 591548 -221158 20058783 18186693 292301 653386 -284548 18847832 16782356 731513 1070588 -397734 18186693 0.25000 0.75000 0 0 2249863 2249863 72312621 34244388 38068233 23684248 19999602 3684646 2758700 2758700 0 44002742 MONEY MARKET FUNDS 6684265 F MUTUAL FUNDS 21902869 F INVESTMENTS HELD BY TRUST 781214 F 29368348 ACCRUED PENSION OBLIGATIONS 768905 ASSET RETIREMENT OBLIGATIONS 1810663 CAPITAL LEASE OBLIGATION 117215 2696783 X 81692762 -3958566 4711 -58059 -4011914 85704676 -21416 -21416 85683260 85393506 4711 21416 26127 85367379 0 85367379 PART V, LINE 4: THE INCOME GENERATED FROM THE ENDOWMENT FUNDS IS SPENT ACCORDING TO THE WISHES OF THE DONORS. SOME OF THE INCOME IS UNRESTRICTED, WHILE SOME OF THE INCOME IS RESTRICTED TO SPECIFIC PURPOSES SUCH AS SCHOLARSHIPS, PRIZES, ATHLETIC EXPENSES, AND GENERAL COLLEGE EXPENDITURES. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A MORE LIKELY THAN NOT SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THAT STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. THE COLLEGE HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE COLLEGE MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS -210,431. CHANGE IN PENSION VALUATION 152,372. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE -21,416. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 21,416. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED IN THE STUDENT HANDBOOK AND ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION. THE PROGRAMS THAT THE COLLEGE PARTICIPATES IN ARE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL DIRECT STUDENT LOANS, TEACH GRANTS, TRIO- STUDENT SUPPORT SERVICES, AND HIGHER EDUCATIONAL INSTITUTIONAL AID. GOLF TOURNAMENT 39476 7057 32419 21416 39476 7057 32419 21416 21416 11003 1 SCHOLARSHIPS FOR STUDENTS OF THE COLLEGE 1196 34075741 PART I, LINE 2: THE COLLEGE HAS POLICIES AND PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS. STUDENTS ARE PROPERLY VETTED TO ENSURE QUALIFICATION. STUDENT QUALIFICATION IS BASED UPON THE COLLEGE'S ASSESSMENT OF THE STUDENTS ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER RELEVANT STANDARDS/FACTORS. X X 1 1 X X X X X 0 0 0 1 0 0 0 0 0 VINCENT M MANIACI FORMER PRESIDENT 350979 0 0 0 48398 0 10073 0 6487 0 415937 0 0 0 NICOLLE CESTERO-SZEWCZYK CHIEF OPERATING OFFICER 184000 0 40000 0 5610 0 9800 0 0 0 239410 0 0 0 MARION ROYSTON CHIEF INFORMATION OFFICER 161142 0 31700 0 0 0 8651 0 0 0 201493 0 0 0 SUSANNE SWANKER DEAN OF BUSINESS, ARTS AND SCIENCE 159359 0 16128 0 0 0 5924 0 0 0 181411 0 0 0 CHRISTOPHER GARRITY VICE PRESIDENT FOR FINANCE 141667 0 27500 0 0 0 7313 0 0 0 176480 0 0 0 KAREN S ROUSSEAU DEAN OF HEALTH SCIENCES 150512 0 15051 0 0 0 6083 0 0 0 171646 0 0 0 ERIC J LANG MEN'S HOCKEY COACH 132038 0 32000 0 7042 0 0 0 0 0 171080 0 0 0 MATTHEW SCOTT VP FOR STUDENT AFFAIRS 121000 0 23300 0 0 0 6244 0 0 0 150544 0 0 0 PART I, LINE 1A THE COLLEGE'S FORMER PRESIDENT RECEIVES A HOUSING ALLOWANCE WHICH IS AUTHORIZED BY THE COLLEGE'S COMPENSATION COMMITTEE. PART I, LINE 5 ANNUAL BONUSES ARE DEPENDENT UPON THE COLLEGE'S FINANCIAL AND NON-FINANCIAL PERFORMANCE. THE COLLEGE'S COMPENSATION COMMITTEE DETERMINES ANNUAL BONUSES. DOHERTY WALLACE PILLSBURY MURPHY PC CRAIG BROWN - TRUSTEE 90976 LEGAL SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S FORM 990 WAS REVIEWED BY THE TRUSTEE AUDIT COMMITTEE AND WAS SUBSEQUENTLY PROVIDED ELECTRONICALLY TO THE ENTIRE BOARD OF TRUSTEES. THE FORM 990 WAS FILED WITH THE INTERNAL REVENUE SERVICE FOLLOWING SUCH REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL COLLEGE EMPLOYEES AND TRUSTEES AND IS POSTED ON THE COLLEGE'S INTRANET SITE FOR ALL EMPLOYEES AND TRUSTEES TO REVIEW. EACH TRUSTEE AND SENIOR ADMINISTRATIVE OFFICER EXECUTES A DECLARATION CONCERNING ANY CONFLICT OF INTEREST. THESE DECLARATIONS ARE FORWARDED TO THE CHAIRMAN OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF THE COLLEGE, (WHICH INCLUDES THE CHAIRMAN OF THE BOARD), CONDUCTS AN ANNUAL PERFORMANCE REVIEW AND EVALUATION OF SENIOR MANAGEMENT. THE COMMITTEE REVIEWS COMPENSATION DATA AT COMPARABLE INSTITUTIONS FOR ITS KEY EMPLOYEES AS PART OF THE PROCESS FOR DETERMINING COMPENSATION. MINUTES REGARDING DISCUSSION/DELIBERATIONS ARE MAINTAINED. THE LATEST COMPENSATION REVIEW WAS UNDERTAKEN IN THE LATTER PART OF FISCAL YEAR 2022. 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 WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION VALUATION 152,372. CHANGE IN SPLIT INTEREST AGREEMENTS -210,431. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE MISSION OF AMERICAN INTERNATIONAL COLLEGE IS TO PREPARE STUDENTS FOR PERSONAL FULFILLMENT, PROFESSIONAL ACHIEVEMENT, AND CIVIC ENGAGEMENT THROUGH EDUCATIONAL EXPERIENCES THAT TRANSFORM LIVES. ACADEMIC PROGRAMS FOUNDED ON THE KNOWLEDGE,SKILLS, AND VALUES OF THE LIBERAL ARTS ENGAGE STUDENTS IN THEORY AND EMPHASIZE APPLIED LEARNING, WHILE PREPARING THEM FOR THE CHALLENGES AND OPPORTUNITIES PRESENTED IN THE GLOBAL ENVIRONMENT. COMMITTED TO THE INTRINSIC WORTH OF EACH INDIVIDUAL, AIC PREPARES STUDENTS FOR LIFE!