2014-02-13T09:21:49-06:00 2013-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2012-07-01 042103701 AMERICAN INTERNATIONAL COLLEGE AMER 8002423142 1000 STATE STREET SPRINGFIELD MA 011093151 THOMAS DYBICK 8002423142 2014-02-11 1 DAVID A DIIULIS P00303577 6174711120 2014-02-11 2012 2015-11-30 17:44:51Z THOMAS DYBICK 1000 STATE STREET SPRINGFIELD MA 011093151 73476096 0 X WWW.AIC.EDU X 1885 MA 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! 27 23 947 20 6750 4062 3034862 3412712 66413285 69586668 -9640 105380 465534 335319 69904041 73440079 22529541 23614061 0 0 25539610 24790588 0 0 527493 17557509 19984019 65626660 68388668 4277381 5051411 53231295 53423267 26167769 21087303 27063526 32335964 X 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! 0 0 48608532 23614061 61084931 HIGHER EDUCATION: PROGRAM SERVICE ACTIVITIES RELATED TO THE INSTITUTION'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO 4,321 STUDENTS INCLUDING SCHOLARSHIPS AND AWARDS OF $23,614,061, INSTRUCTIONAL SERVICES OF $17,815,118, STUDENT SERVICES OF $6,427,895 AND LIBRARY SERVICES OF $751,440. 6119523 8777290 HIGHER EDUCATION: AUXILIARY EXPENSES WHICH ARE PROVIDED AS AN INTEGRAL PART OF THE COLLEGE PROGRAM ARE RELATED TO THE BLAKE DAY SCHOOL PROGRAM, FOOD SERVICE, DORMITORIES (807 BEDS) AND ATHLETICS. 54728055 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 101 0 1 947 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X THOMAS DYBICK 4132053902 1000 STATE STREET SPRINGFIELD MA 011093151 DAVID ADAMS 1.00 X 0 0 0 SPENCER A BARNARD JR 1.00 X 0 0 0 JAMES A CALHOUN DHL 1.00 X 0 0 0 MARGARET CLANCY 1.00 X 0 0 0 STEPHEN A DAVIS 1.00 X 0 0 0 DANIEL E DELLA-GIUSTINA PHD 1.00 X 0 0 0 SHAWN M HARRINGTON 1.00 X 0 0 0 MARK G MASTROIANNI ESQ 1.00 X 0 0 0 GALE A KIRKWOOD 1.00 X 0 0 0 J ALLEN KOSOWSKY CPA 1.00 X 0 0 0 TIMOTHY J REGAN II 1.00 X 0 0 0 DANIEL J WARWICK 1.00 X 0 0 0 K KEVIN SAREMI 1.00 X 0 0 0 DAVID C SOUTHWORTH 1.00 X 0 0 0 HENRY M THOMAS III 1.00 X 0 0 0 PETER J VOGIAN 1.00 X 0 0 0 E DAVID WILSON 1.00 X 0 0 0 EDWARD J NOONAN 1.00 X 0 0 0 RONALD J ABDOW 1.00 X 0 0 0 REBECCA CAPLICE 1.00 X 0 0 0 DANIEL VETRAS 1.00 X 0 0 0 KIMBERLY P MAY MD 1.00 X 0 0 0 BRIAN SCANTLAND 1.00 X 0 0 0 MICHAEL RAVOSA 1.00 X 0 0 0 VINCENT MANIACI 40.00 X X 338262 0 55460 PETER BITTEL EDD 4.00 X X 0 0 0 FRANK COLACCINO 4.00 X X 0 0 0 A CRAIG BROWN ESQ 10.00 X X 0 0 0 NICHOLAS YOUNG PHD 40.00 X 145289 0 7263 THOMAS DYBICK 40.00 X 117515 0 15202 RICHARD BEDARD 40.00 X 127466 0 20739 GREG SCHMUTTE 40.00 X 120980 0 26530 CHRISTINE MICHAEL 40.00 X 139840 0 6988 PATRICK CARLEY 40.00 X 107031 0 21647 MARK BERMAN 40.00 X 165855 0 8250 TODD FRITCH 40.00 X 174619 0 6152 CESARINA THOMPSON 40.00 X 155852 0 0 1592709 0 168231 10 0 1 0 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS COURT NORTH FRANKFORD IL 60423 GRADUATE STUDENT RECRUITMENT 2704854 ARAMARK 1000 STATE STREET SPRINGFIELD MA 01109 FOOD SERVICE 2392798 HEALTH NEW ENGLAND INC PO BOX 415425 BOSTON MA 02241 EMPLOYEE MEDICAL INSURANCE 1377185 CONSOLIDATED HEALTH PLANS 2077 ROOSEVELT AVENUE SPRINGFIELD MA 01104 STUDENT HEALTH PLANS 845053 WMECO PO BOX 2010 WEST SPRINGFIELD MA 01090 ELECTRIC COMPANY 802087 28 2182182 1230530 3412712 UNDERGRADUATE & GRADUATE TUITION 611310 61084931 61084931 RESIDENCE HALLS 611310 4258325 4258325 BLAKE DEVELOPMENT CENTER 611110 2624324 2624324 DINING COMMONS AND BOOKSTORE 611310 1619088 1619088 69586668 98517 98517 21171 14308 6863 6863 6863 74725 21709 53016 53016 MISCELLANEOUS REVENUE 611310 275553 275553 6750 6750 282303 73440079 69862221 6750 158396 23614061 23614061 1004129 1004129 19431855 16285910 2866762 279183 2751220 2104770 609872 36578 1603384 1088635 495453 19296 5867 5867 156860 156860 121950 121950 26910 26910 217572 153471 64101 287543 11773 275770 1057169 487588 544990 24591 780499 126576 651923 2000 5002405 1445678 3541154 15573 842006 776136 42306 23564 125065 102782 8786 13497 585152 491021 94131 2621618 1824087 797531 744793 383739 361054 TAX 626 626 COMMISSIONS 2804854 2804854 0 0 MISCELLANEOUS 1162259 799887 332366 30006 CONSULTANTS 898691 605719 292972 0 2542180 1620742 838233 83205 68388668 54728055 13133120 527493 4454769 5695529 1109197 621044 1109136 541940 1288479 1257608 20757 105953 568458 633435 61235002 26866541 35779078 34368461 0 0 8901421 10199297 53231295 53423267 8166453 6760503 919186 1460439 265000 203000 15345202 11206056 1471928 1457305 26167769 21087303 X 14259568 19084981 3725728 4217385 9078230 9033598 27063526 32335964 53231295 53423267 X 5051411 678826 -986669 528870 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10748920 196348 781052 589684 0 0 11136636 11423836 74389 -261292 488013 0 0 10748920 10459534 54790 1404368 494856 0 0 11423836 9622142 344903 758985 106598 93274 66624 10459534 11733324 22832 -1775677 111084 193052 53751 9622592 0.84000 0.16000 0 0 2311863 2311863 45534682 15932872 29601810 11227902 8973896 2254006 2160555 1959773 200782 34368461 INVESTMENTS HELD IN TRUST BY OTHERS 1747286 F EQUITIES 8452011 F 10199297 PERKINS LOANS GRANT 1457305 1457305 X 51055424 679561 549845 1229406 49826018 23614061 23614061 73440079 44796317 0 44796317 23592351 23592351 68388668 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AS PRACTICED 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. INTEREST AND PENALTIES, IF ANY, RELATED TO ASSESSMENTS BY TAX AUTHORITIES WILL BE CLASSIFIED AS A COMPONENT OF INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY, IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. A TAX POSITION MAY BE CONSIDERED AS TAKEN ANY TIME A TAXPAYER CHOOSES AMONGST ALTERNATIVES THAT AFFECT THE AMOUNT OF THEIR TAX OBLIGATIONS AND INCLUDE FOR EXAMPLE TAX EXEMPT STATUS, STATUS OF A PASS-THROUGH ENTITY (S CORPORATION), DECISION MADE IN THE PROCESS OF CONFORMING WITH TAX LAWS, DECISIONS NOT TO FILE IN CERTAIN JURISDICTION, ALLOCATION OF INCOME BETWEEN JURISDICTIONS AND THE CHARACTERIZATION OF INCOME AND EXPENSES. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THE 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. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATION, THE COLLEGE HAS IDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS THE "MORE LIKELY THAN NOT" SUSTAINABILITY AND DOES NOT RESULT IN ANY UNCERTAINTY REQUIRING RECOGNITION. SCHEDULE D, 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 XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS 53,499. PENSION CHANGE 474,636. FUNDRAISING EXPENSES 21,710. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS 23,614,061. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 23,614,061. FUNDRAISING EXPENSES -21,710. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ANNUALLY THE COLLEGE PURCHASES AN AD IN THE LOCAL NEWSPAPERS TO PUBLICIZE THE RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS AND EMPLOYEES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES STUDENT RELATED FINANCIAL AID FROM THE DEPARTMENT OF EDUCATION. THE PROGRAM THAT THE COLLEGE PARTICIPATES IN ARE FEDERAL PELL GRANTS, FEDERAL EDUCATION LOAN PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL WORK-STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT, FEDERAL TEACH GRANT, TRIO SUPPORT SERVICES AND UPWARD BOUND GRANTS AND US DEPARTMENT OF HEALTH AND HUMAN SERVICES NURSING WORKFORCE DEVELOPMENT. GOLF TOURNAMENT 74725 74725 21709 74725 74725 21709 21709 53016 1 SCHOLARSHIPS FOR STUDENTS OF THE COLLEGE 1500 23614061 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: POLICIES AND PROCEDURES FOR DISBURSEMENTS ARE SET BY THE COLLEGE'S GOVERNING BOARD. INDIVIDUALS AND ORGANIZATIONS ARE ADEQUATELY INVESTIGATED TO INSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X 1 1 X X X X 0 0 0 1 0 0 0 0 0 VINCENT MANIACI 335011 0 0 0 3251 0 37901 0 17559 0 393722 0 0 0 NICHOLAS YOUNG PHD 119214 0 26052 0 23 0 7263 0 0 0 152552 0 0 0 MARK BERMAN 165000 0 0 0 855 0 8250 0 0 0 174105 0 0 0 TODD FRITCH 174576 0 0 0 43 0 0 0 6152 0 180771 0 0 0 CESARINA THOMPSON 155775 0 0 0 77 0 0 0 0 0 155852 0 0 0 PART I, LINE 5 BONUS AND/OR INCENTIVE BASED ON REVENUES. EDUCATORS ADVANCEMENT GROUP SPENCER BARNARD JR - TRUSTEE 2704854 MED RECRUITMENT 0 CONSOLIDATED HEALTH PLANS KEVIN SAREMI - TRUSTEE 318500 INSURANCE BROKER 0 NOONAN ENERGY CORPORATION EDWARD NOONAN - TRUSTEE 366388 SALE OF HEATING OIL AND HEATING EQUIPMENT SERVICES 0 DOHERTY WALLACE PILLSBURY AND MURPHY LLC CRAIG BROWN - TRUSTEE 127955 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 2 ED NOONAN, TRUSTEE AND EILEEN NOONAN, AVP ARE HUSBAND AND WIFE FORM 990, PART VI, SECTION B, LINE 11 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 TRUSTEE EXECUTIVE COMMITTEE 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. THIS REVIEW TAKES PLACE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVALIABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE COLLEGE'S FORM 990, WHICH INCLUDES REASONABLY DETAILED FINANCIAL INFORMATION WITH RESPECT TO THE COLLEGE, IS AVALIABLE ON INTERNET WEBSITES (E.G. WWW.GUIDESTAR.COM). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 54,234. CHANGE IN PENSION VALUATION 474,636. AUDIT OVERSIGHT 990 PART XII, LINE 2C THE OVERSIGHT PROCESS FOR REVIEW OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.