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AMERICAN INSTITUTE OF BUSINESS: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
AMERICAN INSTITUTE OF BUSINESS (EIN 42-0681067)
Tax period
2013-09-01 to 2014-08-31
Filed
2015-07-13
IRS object ID
201511949349301011
Schema version
2013v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2015-07-13T14:05:19-05:00ReturnTs
Tax Period End2014-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15550 WILD ROSE LANE SUITE 300AddressLine1
CityWEST DES MOINESCity
StateIAState
ZIP Code502665304ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN420681067EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN INSTITUTE OF BUSINESSBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone5152444221PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12500 FLEUR DRIVEAddressLine1
CityDES MOINESCity
StateIAState
ZIP Code50321ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTIM HORSCHPersonNm
Person TitleCONTROLLERPersonTitleTxt
Phone5152444221PhoneNum
Signature2015-07-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRONALD L HINTZ CPAPreparerPersonNm
PTINP01060958PTIN
Phone5152224400PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTIM HORSCHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12500 FLEUR DRIVEAddressLine1
CityDES MOINESCity
StateIAState
ZIP Code50321ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$14,137,020GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.AIB.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1921FormationYr
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionEDUCATIONAL SERVICESActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee347TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$433,201PYContributionsGrantsAmt
CY Contributions Grants$910,288CYContributionsGrantsAmt
PY Program Service Revenue$10,353,748PYProgramServiceRevenueAmt
CY Program Service Revenue$11,869,928CYProgramServiceRevenueAmt
PY Investment Income$165,688PYInvestmentIncomeAmt
CY Investment Income$229,747CYInvestmentIncomeAmt
PY Other Revenue$764,732PYOtherRevenueAmt
CY Other Revenue$1,105,969CYOtherRevenueAmt
PY Total Revenue$11,717,369PYTotalRevenueAmt
CY Total Revenue$14,115,932CYTotalRevenueAmt
PY Grants And Similar Paid$184,180PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$622,043CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$7,696,061PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$8,100,747CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$265,023CYTotalFundraisingExpenseAmt
PY Other Expenses$4,230,521PYOtherExpensesAmt
CY Other Expenses$6,188,153CYOtherExpensesAmt
PY Total Expenses$12,110,762PYTotalExpensesAmt
CY Total Expenses$14,910,943CYTotalExpensesAmt
PY Revenues Less Expenses-$393,393PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$795,011CYRevenuesLessExpensesAmt
Total Assets BOY$21,551,286TotalAssetsBOYAmt
Total Assets EOY$22,538,127TotalAssetsEOYAmt
Total Liabilities BOY$5,385,451TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,167,303TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$16,165,835NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,370,824NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE ASSOCIATE AND BACHELOR DEGREES AND DIPLOMA COURSES OF STUDY FOR STUDENTS SEEKING CAREERS IN BUSINESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,498,782ExpenseAmt
Grant$607,632GrantAmt
Revenue$9,402,822RevenueAmt
DescEXPENSES RELATED TO PROVIDING AN ACCREDITED EDUCATION TO THE STUDENTS OF AMERICAN INSTITUTE OF BUSINESSDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,320,211ExpenseAmt
Revenue$1,462,851RevenueAmt
DescEXPENSES RELATED TO PROVIDING CAMPUS HOUSING FOR STUDENTS RECEIVING THEIR EDUCATION AT AMERICAN INSTITUTE OF BUSINESSDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,018,179ExpenseAmt
Grant$14,411GrantAmt
Revenue$1,004,256RevenueAmt
DescEXPENSES RELATED TO AUXILLARY SERVICES FOR THE CONVENIENCE OF THE STUDENTS, INCLUDING BOOKSTORE AND TELEPHONE SERVICESDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$7,837,172TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document44IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee347EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Form1098 C Filed0Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NANCY WILLIAMSBusinessNameLine1
FieldValueIRS element (for citing)
Phone5152444221PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12500 FLEUR DRIVEAddressLine1
CityDES MOINESCity
StateIAState
ZIP Code50321ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeInd
JANE WEINGART
TRUSTEE0.00Yes (X)$0$0$0
ROBERT LINK
TRUSTEE0.00Yes (X)$0$0$0
ROLLIN DICK
TRUSTEE0.00Yes (X)$0$0$0
ELIZABETH A NIGUT
TRUSTEE0.00Yes (X)$0$0$0
MARGARET S CIGELMAN
VP/ACADEMIC AFFAIRS40.00Yes (X)$99,400$0$10,370Yes (X)
MICHAEL DISBRO MD
TRUSTEE0.00Yes (X)$0$0$0
PAUL WINGET
VP/CFO40.00Yes (X)$95,074$0$9,854Yes (X)
TERRY PETERS
DIRECTOR/ADMISSIONS40.00Yes (X)$58,073$0$11,411
DAWN ROBERTS
DIRECTOR/ADVANCEMENT40.00Yes (X)$74,308$0$0
CHRISTY ROLAND
CHIEF ACADEMIC OFFICER40.00Yes (X)$88,486$0$17,308Yes (X)
JOAN HITZEL
DIRECTOR/HUMAN RESOURCES40.00Yes (X)$33,857$0$1,688
CHRIS SCHMIDT
CHIEF FACILITIES OFFICER40.00Yes (X)$58,213$0$20,216Yes (X)
DENISE CODY
DIRECTOR/INFORMATION TECHNOLOGY40.00Yes (X)$85,040$0$5,192
KIRK TROW
VICE PRESIDENT40.00Yes (X)$55,983$0$15,594Yes (X)
COURTNEY GREENE
VICE PRESIDENT40.00Yes (X)$25,451$0$2,869Yes (X)
ALAN DORENKAMP
ATHLETIC DIRECTOR40.00Yes (X)$34,209$0$3,366
LISA HETZEL
DEAN OF STUDENTS40.00Yes (X)$27,779$0$1,731
TIM HORSCH
CONTROLLER40.00Yes (X)$0$0$0
CHRIS COSTA
TRUSTEE0.00Yes (X)$0$0$0
FRED BUIE
TRUSTEE0.00Yes (X)$0$0$0
PAUL BROWN
TRUSTEE0.00Yes (X)$0$0$0
RANDY FORBURGER
TRUSTEE0.00Yes (X)$0$0$0
SHEILA TIPTON
TRUSTEE0.00Yes (X)$0$0$0
CHARLES BETTS
TRUSTEE0.00Yes (X)$0$0$0
DAVID CASTEN
TRUSTEE0.00Yes (X)$0$0$0
PAULA CORREY
TRUSTEE0.00Yes (X)$0$0$0
TERRY WILSON
VP FOR STUDENT AFFAIRS40.00$95,516$0$5,344Yes (X)
NANCY WILLIAMS
PRESIDENT40.00$197,148$0$9,303Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,028,537TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$114,246TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
CENGAGE LEARNING
PO BOX 95999CHICAGOIL606945999TEXTBOOKS$335,375
TEK SYSTEMS
PO BOX 198568ATLANTAGA303848568CONTRACT LABOR - IT$234,452
VITAL SUPPORT
11191 AURORA AVEURBANDALEIA50322CONTRACT LABOR - IT$158,925
MBS TEXTBOOK EXCHANGE
2711 WEST ASHCOLUMBIAMO65203TEXTBOOKS$156,619
ALLIANCE TECHNOLOGY
420 WATSON POWELL JR WAYDES MOINESIA50309CONTRACT LABOR - IT$138,274
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Fundraising$182,033FundraisingAmt
Government Grants$79,181GovernmentGrantsAmt
All Other Contributions$649,074AllOtherContributionsAmt
Total Contributions$910,288TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611710$9,402,821$9,402,821
DORMITORY FEES611710$1,462,851$1,462,851
ACTIVITY FEES; BOOKSTORE611710$931,519$931,519
EXT HOUSING, FEES611710$72,737$72,737
FieldValueIRS element (for citing)
Total Program Service Revenue$11,869,928TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$229,747TotalRevenueColumnAmt
Exclusion$229,747ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$21,088FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$182,033ContriRptFundraisingEventAmt
Fundraising Direct Expenses$21,088FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINVESTMENT UNREALIZED GAINS/LOSSEDesc
Business611710BusinessCd
Total Revenue Column$1,105,969TotalRevenueColumnAmt
Exclusion$1,105,969ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,105,969OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,115,932TotalRevenueColumnAmt
Related Or Exempt Func Income$11,869,928RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,335,716ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$622,043TotalAmt
Program Services$622,043ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$6,757,548TotalAmt
Program Services$4,953,370ProgramServicesAmt
Management And General$1,635,488ManagementAndGeneralAmt
Fundraising$168,690FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$183,791TotalAmt
Program Services$129,468ProgramServicesAmt
Management And General$54,323ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$695,085TotalAmt
Program Services$488,230ProgramServicesAmt
Management And General$169,662ManagementAndGeneralAmt
Fundraising$37,193FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$464,323TotalAmt
Program Services$355,162ProgramServicesAmt
Management And General$95,484ManagementAndGeneralAmt
Fundraising$13,677FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$36,326TotalAmt
Management And General$36,326ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$329,246TotalAmt
Management And General$329,246ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$388,830TotalAmt
Management And General$388,830ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$300,724TotalAmt
Program Services$223,483ProgramServicesAmt
Management And General$77,241ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$26,016TotalAmt
Program Services$20,624ProgramServicesAmt
Management And General$5,392ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$104,684TotalAmt
Management And General$104,684ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,076,476TotalAmt
Program Services$71,111ProgramServicesAmt
Management And General$1,005,365ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$178,014TotalAmt
Program Services$7,399ProgramServicesAmt
Management And General$170,615ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
OTHER$1,573,206$424,209$1,103,534$45,463
COST OF GOODS SOLD$645,162$645,162
EQUIPMENT RENTAL & MAIN$529,998$184,946$345,052
UTILITIES$526,441$118,278$408,163

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$473,030TotalAmt
Program Services$238,849ProgramServicesAmt
Management And General$234,181ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,910,943TotalAmt
Program Services$7,837,172ProgramServicesAmt
Management And General$6,808,748ManagementAndGeneralAmt
Fundraising$265,023FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$336,965BOYAmt
EOY$581,210EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$300,665BOYAmt
EOY$251,991EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$749,853BOYAmt
EOY$730,516EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$383,966BOYAmt
EOY$319,694EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$232,688BOYAmt
EOY$208,047EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$30,631,375LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$19,997,225LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,762,572BOYAmt
EOY$10,634,150EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$7,958,743BOYAmt
EOY$9,290,455EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$67,342BOYAmt
EOY$67,342EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,758,492BOYAmt
EOY$454,722EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$21,551,286BOYAmt
EOY$22,538,127EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$936,024BOYAmt
EOY$726,186EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$914,011BOYAmt
EOY$912,552EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$252,440BOYAmt
EOY$220,256EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,200,000BOYAmt
EOY$3,600,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$2,000,000BOYAmt
EOY$1,620,333EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$82,976BOYAmt
EOY$87,976EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,385,451BOYAmt
EOY$7,167,303EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,823,290BOYAmt
EOY$15,116,387EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$267,175BOYAmt
EOY$179,067EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$75,370BOYAmt
EOY$75,370EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,165,835BOYAmt
EOY$15,370,824EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$21,551,286BOYAmt
EOY$22,538,127EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$795,011ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,156,192BeginningYearBalanceAmt
Investment Earnings Or Losses$1,319,216InvestmentEarningsOrLossesAmt
End Year Balance$9,475,408EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,238,883BeginningYearBalanceAmt
Investment Earnings Or Losses$917,312InvestmentEarningsOrLossesAmt
End Year Balance$8,156,195EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,593,929BeginningYearBalanceAmt
Investment Earnings Or Losses$644,951InvestmentEarningsOrLossesAmt
End Year Balance$7,238,883EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,767,065BeginningYearBalanceAmt
Investment Earnings Or Losses$826,864InvestmentEarningsOrLossesAmt
End Year Balance$6,593,929EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,740,961BeginningYearBalanceAmt
Investment Earnings Or Losses-$973,896InvestmentEarningsOrLossesAmt
End Year Balance$5,767,065EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$894,220OtherCostOrOtherBasisAmt
Book Value$894,220BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$21,242,966OtherCostOrOtherBasisAmt
Depreciation$12,663,647DepreciationAmt
Book Value$8,579,319BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,494,189OtherCostOrOtherBasisAmt
Depreciation$7,333,578DepreciationAmt
Book Value$1,160,611BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$10,634,150TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescREFUNDABLE DEPOSITSDesc
Amt$87,976Amt
FieldValueIRS element (for citing)
Total Liability$87,976TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$14,204,040TotalRevEtcAuditedFinclStmtAmt
Other Revenue$88,108OtherRevenueAmt
Revenue Not Reported$88,108RevenueNotReportedAmt
Revenue Subtotal$14,115,932RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$14,115,932TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,910,943TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$14,910,943ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$14,910,943TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:ENDOWMENT FUNDS ARE HELD TO SUPPORT THE MISSION AND GROWTH OF THE COLLEGE.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SATISFACTION OF RESTRICTED PURPOSE (RECLASSIFICATION) 88,108.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3ADVERTISING AND ADMISSION POLICIES INCLUDE NONDISCRIMINATORY POLICY
SCHEDULE E, PART I, LINE 6THE AMERICAN INSTITUTE OF BUSINESS RECEIVES NO DIRECT FINANCIAL AID FROM ANY GOVERNMENT AGENCY. HOWEVER, STUDENTS ATTENDING THE AMERICAN INSTITUTE OF BUSINESS ARE ELIGIBLE FOR ASSISTANCE THROUGH THE FEDERAL PELL GRANT, FEDERAL SEOG, FEDERAL PERKINS LOAN, FEDERAL FAMILY EDUCATION LOANS AND FEDERAL WORK STUDY PROGRAMS. AIB RECEIVES A FEDERAL GRANT FOR ASSISTANCE IN THE COURT REPORTING CURRICULUM. THESE FUNDS ARE ALLOCATED AS NEEDED TO MAINTAIN THE PROGRAM. STATE OF IOWA GRANTS AND WORK STUDY ARE ALSO AVAILABLE TO STUDENTS.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
FEDERAL PERKINS83$14,411
GENERAL SCHOLARSHIPS & GRANTS1109$607,632

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationAWARD FUNDS ARE BALANCED PERIODICALLY ACCORDING TO THE AWARD YEAR TIME FRAME AND ANY DISCREPENCIES ARE INVESTIGATED IMMEDIATELY. EACH AWARD FUND MAINTAINS RECORDS OF ELIGIBILITY, SELECTION CRITERIA AND AMOUNT AWARDED. THESE PARAMETERS MAY BE ADJUSTED ANNUALLY AND STUDENTS ARE NOTIFIED ACCORDINGLY. MOST AWARDS ARE GRANTED FOR TUITION ONLY, BUT SOME MAY BE USED FOR BOOKS AND HOUSING, ETC. THE PARAMETERES ARE EITHER PUBLISHED IN THE HANDBOOK OR WITH THE AWARD PACKET AND APPLICATION.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonNANCY WILLIAMSPersonNm
TitlePRESIDENTTitleTxt
Base Compensation Filing Org$175,000BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$22,148OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$9,303NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$206,451TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11FORM 990 WILL BE PRESENTED DURING A BOARD OF TRUSTEES MEETING FOR REVIEW BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CALL POLICIES ARE UPDATED ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15ATHE PROCESS FOR DETERMINING AND APPROVING COMPENSATION AND BENEFITS FOR THE CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT OFFICIALS INCLUDES A COMPARISON OF THE JOB MARKET COMBINED WITH THE EXPERIENCE AND EDUCATION ACHIEVED BY THE EMPLOYEE.
FORM 990, PART VI, SECTION C, LINE 19INFORMATION IS AVAILABLE UPON REQUEST OF THE PRESIDENT'S OFFICE.