The Art Institute of Austin Aii LLC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- The Art Institute of Austin Aii LLC (EIN 82-1669178)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-10-15
- IRS object ID
- 202112889349302111
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-10-15T12:46:36-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 050568611 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALMON SIMS THOMAS & ASSOCIATES PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12720 HILLCREST ROAD SUITE 500 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 752302039 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 821669178 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ART INSTITUTE OF AUSTIN AII LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ARTI | BusinessNameControlTxt |
| Phone | 4125881685 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 921 MAIN STREET | AddressLine1Txt |
| City | BASTROP | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78602 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DENIS YEVESTIFEYEV | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4125881685 | PhoneNum |
| Signature | 2021-10-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DENIS | PersonFirstNm |
| Person Last | YEVESTIFEYEV | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM H SIMS | PreparerPersonNm |
| PTIN | P00004539 | PTIN |
| Phone | 9723921143 | PhoneNum |
| Preparation | 2021-10-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | DENIS YEVESTIFEYEV | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6600 PEACHTREE DUNWOODY RD | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,345,145 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ARTINSTITUTES.EDU | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | LLC | OtherOrganizationDsc |
| Formation | 2017 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE ART INSTITUTE OF HOUSTON AND ITS BRANCH CAMPUSES, THE ART INSTITUTE OF AUSTIN, AND THE ART INSTITUTE OF SAN ANTONIO, ARE TO PROVIDE A QUALITY, COLLABORATIVE ACADEMIC ENVIRONMENT FOR INDIVIDUALS SEEKING CREATIVE CAREERS THROUGH HIGHER EDUCATION. AS A PRIVATE, MULTICAMPUS COLLEGE, OUR BACHELOR DEGREES, ASSOCIATE DEGREES, AND DIPLOMA PROGRAMS ARE COMPETENCY BASED, INCORPORATING TRADITIONAL LIBERAL ARTS, PROFESSIONAL EDUCATION, AND MANAGEMENT LEVEL COMPETENCIES WITH HANDS-ON INSTRUCTION. FACULTY USE LEARNING-CENTERED METHODOLOGY TO PREPARE STUDENTS FOR ENTRY-LEVEL POSITIONS IN THE DESIGN, MEDIA, FASHION, AND CULINARY ARTS FIELDS AS WELL AS LIFELONG LEARNING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 116 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,485,335 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,772,953 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,957,250 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,562,161 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | -$3,161,884 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,085 | PYOtherRevenueAmt |
| CY Other Revenue | $9,820 | CYOtherRevenueAmt |
| PY Total Revenue | $7,443,670 | PYTotalRevenueAmt |
| CY Total Revenue | $5,183,050 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $735,769 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $744,920 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,522,739 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,766,153 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,716,303 | PYOtherExpensesAmt |
| CY Other Expenses | $5,162,363 | CYOtherExpensesAmt |
| PY Total Expenses | $5,974,811 | PYTotalExpensesAmt |
| CY Total Expenses | $7,673,436 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,468,859 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,490,386 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,880,985 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,605,044 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,519,032 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $733,477 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,361,953 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $871,567 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE ART INSTITUTE OF HOUSTON AND ITS BRANCH CAMPUSES, THE ART INSTITUTE OF AUSTIN, AND THE ART INSTITUTE OF SAN ANTONIO, ARE TO PROVIDE A QUALITY, COLLABORATIVE ACADEMIC ENVIRONMENT FOR INDIVIDUALS SEEKING CREATIVE CAREERS THROUGH HIGHER EDUCATION. AS A PRIVATE, MULTICAMPUS COLLEGE, OUR BACHELOR DEGREES, ASSOCIATE DEGREES, AND DIPLOMA PROGRAMS ARE COMPETENCY BASED, INCORPORATING TRADITIONAL LIBERAL ARTS, PROFESSIONAL EDUCATION, AND MANAGEMENT LEVEL COMPETENCIES WITH HANDS-ON INSTRUCTION. FACULTY USE LEARNING-CENTERED METHODOLOGY TO PREPARE STUDENTS FOR ENTRY-LEVEL POSITIONS IN THE DESIGN, MEDIA, FASHION, AND CULINARY ARTS FIELDS AS WELL AS LIFELONG LEARNING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,372,278 | ExpenseAmt |
| Grant | $744,920 | GrantAmt |
| Revenue | $6,571,981 | RevenueAmt |
| Desc | THIS ENTITY IS AN INSTITUTION OF HIGHER EDUCATION THAT OFFERS ACADEMIC PROGRAMS AND CERTIFICATES IN THE FIELDS OF CULINARY ARTS, FASHION, AND DESIGN. ALL PROGRAMS ARE ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). THE INSTITUTION IS COMMITTED TO ACADEMIC QUALITY AND STUDENT SUCCESS. FACULTY UTILIZE STATE-OF-THE-ART TECHNOLOGY TO ENSURE GRADUATES RECEIVE INDUSTRY-RELEVANT SKILLS AND TRAINING. DURING THE PERIOD, THE AVERAGE MONTHLY ENROLLMENT WAS 267 STUDENTS WITH 89 STUDENTS GRADUATING. | Desc |
| Total Program Service Expenses | $3,372,278 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 116 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DENIS YEVSTIFEYEV | PersonNm |
| Phone | 4125881685 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6600 PEACHTREE DUNWOODY RD | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 15205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| GERALD FRANCESE | |||||||||
| CHARIMAN | 0.10 | 1.85 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW MONTGOMERY | |||||||||
| MANAGER | 0.10 | 1.85 | Yes (X) | $0 | $0 | $0 | |||
| JOSH NABATIAN | |||||||||
| MANAGER | 0.10 | 1.85 | Yes (X) | $0 | $0 | $0 | |||
| CLAUDE H BROWN | |||||||||
| PRESIDENT | 5.00 | 45.00 | Yes (X) | $0 | $328,411 | $9,720 | Yes (X) | ||
| DR ALMA ALLEN | |||||||||
| TRUSTEE | 1.00 | 2.10 | Yes (X) | $0 | $3,600 | $0 | |||
| CARA DIMATTINA RYAN | |||||||||
| TRUSTEE | 1.00 | 2.10 | Yes (X) | $0 | $0 | $0 | |||
| CAITLYN RYAN | |||||||||
| TRUSTEE | 1.00 | 2.10 | Yes (X) | $0 | $0 | $0 | |||
| JEROME LEVY | |||||||||
| TRUSTEE | 1.00 | 5.30 | Yes (X) | $0 | $7,200 | $3,697 | |||
| DR CORTLAN WICKLIFF | |||||||||
| TRUSTEE | 1.00 | 2.10 | Yes (X) | $0 | $2,400 | $0 | |||
| MITCHELL J GROSSBACH | |||||||||
| FORMER TRUSTEE | 1.00 | 4.10 | Yes (X) | $0 | $5,400 | $0 | |||
| DENIS YEVSTIFEYEV | |||||||||
| CHIEF FINANCIAL OFFICER | 5.00 | 45.00 | $0 | $242,194 | $13,998 | Yes (X) | |||
| WENDY BAKER | |||||||||
| GENERAL COUNSEL | 5.00 | 45.00 | $0 | $236,100 | $15,488 | Yes (X) | |||
| MARK LUCERO | |||||||||
| VP OF OPERATIONS | 40.00 | $111,207 | $21,386 | $4,134 | Yes (X) | ||||
| LATOYA WILLIAMS | |||||||||
| FORMER INSTITUTIONAL DIRECTOR OF STUDENT AFFAIRS | 1.00 | 42.10 | $0 | $144,004 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $111,207 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $990,695 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $47,037 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE ARTS INSTITUTES INTERNATIONAL LLC | |||||
| 6600 PEACHTREE DUNWOODY RD | ATLANTA | GA | 30328 | ADMINISTRATIVE SERVICES | $2,661,982 |
| HARBERT MOORE FRONTERA AUSTIN | |||||
| 919 CONGRESS AVE | AUSTIN | TX | 78701 | RENT | $895,391 |
| C BROOKS CONSTRUCTION LLC | |||||
| 8601 RR 2222 BLDG 1 STE 105 | AUSTIN | TX | 78730 | CONSTRUCTION | $643,283 |
| ANDREWS MOVING AND STORAGE CO | |||||
| 10235 PHILIPP PKWY | STREETSBORO | OH | 44241 | MOVING AND STORAGE | $192,893 |
| LOST PINES ART LEAGUE | |||||
| 1204 CHESTNUT ST | BASTROP | TX | 78602 | RENT | $190,457 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $1,772,953 | RelatedOrganizationsAmt |
| Total Contributions | $1,772,953 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611600 | $6,560,386 | $6,560,386 |
| AUXILIARY SALES AND SERVICES | 611600 | $1,775 | $1,775 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,562,161 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $211 | TotalRevenueColumnAmt |
| Exclusion | $211 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,162,095 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$3,162,095 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$3,162,095 | TotalRevenueColumnAmt |
| Exclusion | -$3,162,095 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $9,820 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,820 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $9,820 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,183,050 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,571,981 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$3,161,884 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $744,920 | TotalAmt |
| Program Services | $744,920 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,904 | TotalAmt |
| Program Services | $114,904 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,420,072 | TotalAmt |
| Program Services | $1,420,072 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,104 | TotalAmt |
| Program Services | $94,104 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,073 | TotalAmt |
| Program Services | $137,073 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216 | TotalAmt |
| Program Services | $216 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,711,631 | TotalAmt |
| Program Services | $265,377 | ProgramServicesAmt |
| Management And General | $1,446,254 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,043,910 | TotalAmt |
| Management And General | $1,043,910 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $404,950 | TotalAmt |
| Program Services | $346,973 | ProgramServicesAmt |
| Management And General | $57,977 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,013 | TotalAmt |
| Program Services | $115,013 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,008,394 | TotalAmt |
| Program Services | $7,445 | ProgramServicesAmt |
| Management And General | $1,000,949 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $752,068 | TotalAmt |
| Management And General | $752,068 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,365 | TotalAmt |
| Program Services | $21,365 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BAD DEBT | Desc |
| Total | $104,816 | TotalAmt |
| Program Services | $104,816 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,673,436 | TotalAmt |
| Program Services | $3,372,278 | ProgramServicesAmt |
| Management And General | $4,301,158 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,375 | BOYAmt |
| EOY | $46,745 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $691,324 | BOYAmt |
| EOY | $772,538 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,801 | BOYAmt |
| EOY | $70,505 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,779,684 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,064,428 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,086,485 | BOYAmt |
| EOY | $715,256 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,880,985 | BOYAmt |
| EOY | $1,605,044 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,809 | BOYAmt |
| EOY | $12,509 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $592,871 | BOYAmt |
| EOY | $224,142 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $881,352 | BOYAmt |
| EOY | $496,826 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,519,032 | BOYAmt |
| EOY | $733,477 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,361,953 | BOYAmt |
| EOY | $871,567 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,361,953 | BOYAmt |
| EOY | $871,567 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,880,985 | BOYAmt |
| EOY | $1,605,044 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$2,490,386 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $509,700 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,910 | DepreciationAmt |
| Book Value | $506,790 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,214,608 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,044,987 | DepreciationAmt |
| Book Value | $169,621 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,376 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,531 | DepreciationAmt |
| Book Value | $38,845 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $715,256 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LONG-TERM LEASE LIABILITIES | $3,980 |
| ACCRUED LIABILITIES | $492,846 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $496,826 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC WHEREBY ONLY UNRELATED BUSINESS INCOME AS DEFINED BY SECTION 512(A)(F) OF THE IRC IS SUBJECT TO FEDERAL INCOME TAX. THERE WAS NO SIGNIFICANT UNRELATED BUSINESS INCOME FOR THE PERIOD ENDED DECEMBER 31, 2020. ACCORDINGLY, NO PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES IS RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE ENTITY ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. | ExplanationTxt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SINCE THE SCHOOL : (1) DRAWS ITS STUDENTS FROM AN EXTENSIVE AREA, MORE THAN THE LOCAL COMMUNITY, AND (2) FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO THEIR STUDENTS, WE SATISFY THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL OUR BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. ALSO, WE INCLUDE A REFERENCE TO OUR RACIALLY NONDISCRIMINATORY POLICY ON OUR WEBSITE AND IN OTHER WRITTEN ADVERTISING THAT WE USE TO INFORM PROSPECTIVE STUDENTS OF OUR PROGRAMS. |
| SCHEDULE E, PART I, LINE 6 | THE ART INSTITUTE OF AUSTIN PARTICIPATES IN U.S. DEPARTMENT OF EDUCATION PROGRAMS INCLUDING: - FEDERAL DIRECT STUDENT LOANS - FEDERAL PELL GRANT PROGRAM - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS - FEDERAL WORK-STUDY PROGRAM THE ORGANIZATION ALSO PARTICIPATES IN POST 9/11 VETERAN EDUCATION ASSISTANCE. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | GRANTS, SCHOLARSHIPS, & AID | GrantTypeTxt |
| Recipient | 308 | RecipientCnt |
| Cash Grant | $744,920 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL AWARDS GRANTS BASED UPON THE FOLLOWING: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED ON MERIT AND FINANCIAL NEED. THE FINANCIAL AID OFFICE AND BUSINESS OFFICE MAINTAIN RECORDS ON WHAT STUDENTS ARE AWARDED, AND THE FINANCIAL OFFICE HAS SPECIFIC CRITERIA THAT MUST BE FOLLOWED IN AWARDING AID TO STUDENTS. THE CRITERIA FOR AWARDING AID IS DOCUMENTED BY THE FINANCIAL AID OFFICE. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CLAUDE H BROWN | ||||||||||||||
| PRESIDENT | $0 | $328,411 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9,720 | $0 | $338,131 | $0 | $0 |
| DENIS YEVSTIFEYEV | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $0 | $242,194 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13,998 | $0 | $256,192 | $0 | $0 |
| WENDY BAKER | ||||||||||||||
| GENERAL COUNSEL | $0 | $236,100 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15,488 | $0 | $251,588 | $0 | $0 |
| LATOYA WILLIAMS | ||||||||||||||
| FORMER INSTITUTIONAL DIRECTOR OF STU | $0 | $144,004 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $144,004 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBER HAS THE POWER TO APPOINT THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, BUT GRANTS THE ORGANIZATION'S GOVERNING BODY THE GENERAL AUTHORITY TO CONDUCT THE BUSINESS OPERATIONS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBER HAS THE POWER TO APPOINT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. THE MEMBER GRANTS THE ORGANIZATION'S GOVERNING BODY THE GENERAL AUTHORITY TO CONDUCT THE BUSINESS OPERATIONS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBER GRANTS THE ORGANIZATION'S GOVERNING BODY THE GENERAL AUTHORITY TO CONDUCT THE BUSINESS OPERATIONS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 WILL BE REVIEWED BY CURRENT CFO PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHOULD ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE ORGANIZATION OPERATES ON A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEW SHOULD BE CONDUCTED AT LEAST ANNUALLY. THE PERIODIC REVIEW SHOULD, AT MINIMUM, INCLUDE (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING; AND (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT CORPORATIONS CONFIRM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION PROCESS FOR TOP OFFICIAL - THE BOARD DEVELOPS THE COMPENSATION ARRANGEMENTS FOR CHIEF EMPLOYED EXECUTIVES, OFFICERS, AND KEY EMPLOYEES. THE ARRANGEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OR DELEGATED COMMITTEE OF THE BOARD. THE PROCESS UTILIZES IMPARTIAL DECISION MAKERS, COMPARABILITY DATA, AND CONCURRENT DOCUMENTATION IN SETTING COMPENSATION. COMPENSATION PROCESS FOR OFFICERS - THE BOARD DEVELOPS THE COMPENSATION ARRANGEMENTS FOR CHIEF EMPLOYED EXECUTIVES, OFFICERS, AND KEY EMPLOYEES. THE ARRANGEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OR DELEGATED COMMITTEE OF THE BOARD. THE PROCESS UTILIZES IMPARTIAL DECISION MAKERS, COMPARABILITY DATA, AND CONCURRENT DOCUMENTATION IN SETTING COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART VII, SECTION B: | MANY OF THE CORPORATE VENDORS ARE PAID THROUGH THE CORPORATE ENTITY AND THEN ALLOCATED TO THE OTHER SCHOOLS. AS SUCH, SOME VENDORS MAY SHOW A GREATER AMOUNT PAID ON PART VII, SECTION B THAN WHAT IS REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES. |
| FORM 990, PART IX, LINE 11G | OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 265,377. MANAGEMENT AND GENERAL EXPENSES 1,446,254. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,711,631. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| EDUCATION PRINCIPLE FOUNDATION | ||||||||||
| 888 SEVENTH AVE 29TH FLOOR | NEW YORK | NY | 10106 | 464265864 | EDUCATION | DE | 501(C)(3) | PF | 0 | |
| THE ARTS INSTITUTES INTERNATIONAL LLC | ||||||||||
| 6600 PEACHTREE DUNWOODY RD | ATLANTA | GA | 30328 | 815126041 | EDUCATION | PA | 501(C)(3) | LINE 2 | 0 | EPF |
| MIAMI INTERNATIONAL UNIVERSITY OF ART & DESIGN LLC | ||||||||||
| 1501 BISCAYNE BLVD | MIAMI | FL | 33132 | 821491664 | EDUCATION | FL | 501(C)(3) | LINE 2 | 0 | AII |
| THE ART INSTITUTE OF ATLANTA AII LLC | ||||||||||
| 6600 PEACHTREE DUNWOODY RD | ATLANTA | GA | 30328 | 821730615 | EDUCATION | GA | 501(C)(3) | LINE 2 | 0 | AII |
| THE ART INSTITUTE OF HOUSTON LLC | ||||||||||
| 4140 SOUTHWEST FREEWAY | HOUSTON | TX | 77027 | 815166672 | EDUCATION | TX | 501(C)(3) | LINE 2 | 0 | AII |
| THE ART INSTITUTE OF DALLAS AII LLC | ||||||||||
| 8080 PARK LANE SUITE 100 | DALLAS | TX | 75231 | 821669380 | EDUCATION | TX | 501(C)(3) | LINE 2 | 0 | MIA |
| AID RESTAURANT AII LLC | ||||||||||
| 8080 PARK LANE SUITE 100 | DALLAS | TX | 75231 | 821700204 | EDUCATION | TX | 501(C)(3) | LINE 2 | 0 | DAL |
| THE ART INSTITUTE OF TAMPA LLC | ||||||||||
| 4401 NORTH HIMES AVENUE | TAMPA | FL | 33614 | 821504077 | EDUCATION | FL | 501(C)(3) | LINE 2 | 0 | MIA |
| AITAMPA RESTAURANT LLC | ||||||||||
| 4401 NORTH HIMES AVENUE | TAMPA | FL | 33614 | 821639441 | EDUCATION | FL | 501(C)(3) | LINE 2 | 0 | TAM |
| THE ART INSTITUTE OF VIRGINIA BEACH | ||||||||||
| 4500 MAIN STREET TWO COLUMBUS CTR | VIRGINIA BEACH | VA | 23462 | 821841799 | EDUCATION | VA | 501(C)(3) | LINE 2 | 0 | ATL |
| THE ART INSTITUTE OF SAN ANTONIO AII LLC | ||||||||||
| 10000 IH-10 WEST SUITE 200 | SAN ANTONIO | TX | 78230 | 821669287 | EDUCATION | TX | 501(C)(3) | LINE 2 | 0 | HOU |
| AIH RESTAURANT LLC | ||||||||||
| 4140 SOUTHWEST FREEWAY | HOUSTON | TX | 77027 | 821632470 | EDUCATION | TX | 501(C)(3) | LINE 2 | 0 | HOU |
| SOUTH UNIVERSITY - MEMBER LLC | ||||||||||
| 709 MALL BOULEVARD | SAVANNAH | GA | 31406 | 815128459 | EDUCATION | AZ | 501(C)(3) | LINE 2 | 0 | EPF |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| THE ARTS INSTITUTES INTERNATIONAL LLC | ||
| C | $1,772,953 | CASH |
| THE ARTS INSTITUTES INTERNATIONAL LLC | ||
| M | $2,661,982 | CASH |