2012-02-13T16:44:27-07:00 2011-06-30 990 2010-07-01 042103701 AMERICAN INTERNATIONAL COLLEGE AMER 8008423142 1000 State Street Springfield MA 01109 Thomas Dybick 4132053209 2012-02-09 2010 2016-02-24 21:20:13Z Thomas Dybick 1000 State Street Springfield MA 01109 73923318 0 X www.aic.edu X 1885 MA To provide quality education at the undergraduate, graduate, and continuing education level. 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 libreral 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! 26 22 752 20 13350 8964 4554431 3567167 63863170 67367464 310905 413634 375192 413266 69103698 71761531 23365799 24510986 0 0 27526247 26718035 0 0 704000 18593583 17821389 69485629 69050410 -381931 2711121 53132218 53081233 31640247 27422082 21491971 25659151 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 48929332 24510986 57676763 Higher Education: Program service activities related to the institution's exempt purpose of providing educational services to 4,309 students including scholarships and awards of $24,510,986, instructional services of $16,741,504, student services of $7,022,340, and library services of $654,502. 6699476 9690701 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. 0 0 0 55628808 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 0 1 171 0 1 752 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 22 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 Lee Hall 1000 State Street Springfield MA 01109 Frank Colaccino 1 X 0 0 0 Peter Bittel EDD 1.00 X 0 0 0 A Craig Brown ESQ 1 X 0 0 0 Edward J Noonan 1 X 0 0 0 David Adams 1 X 0 0 0 Spencer A Barnard Jr EDD 1 X 0 0 0 Ronald J Abdow DHL 1.00 X 0 0 0 James A Calhoun DHL 1 X 0 0 0 Margaret Clancy 1 X 0 0 0 Stephen A Davis 1 X 0 0 0 Daniel E Della-Giustina PhD 1 X 0 0 0 Shawn M Harrington 1 X 0 0 0 Alan J Ingram EDD 1 X 0 0 0 Gale Kirkwood 1 X 0 0 0 J Allen Kosowsky CPA 1 X 0 0 0 Simon Lok PHD 1 X 0 0 0 Timothy J Regan II 1 X 0 0 0 Robert B Rogers DHL 1 X 0 0 0 K Kevin Saremi 1 X 0 0 0 David C Southworth 1 X 0 0 0 Henry M Thomas 1 X 0 0 0 Peter J Vogian 1 X 0 0 0 E David Wilson 1 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 Vincent Maniaci 40 X X X 302686 0 22818 Mark Berman 40 X X X 139250 0 7600 Richard Bedard 40 X X X 129925 0 19777 Gregory Schmuttee 40 X X X 120000 0 7600 Peter Miller 40 X X X 112651 0 8037 Blaine Stevens 40 X X X 100554 0 6232 905066 0 72064 6 0 1 0 ARAMARK 1000 State Street Springfield MA 01109 Food Service 2720126 MASS MUTUAL DEFINED BENEFIT SERV PO Box 219035 Kansas City MO 641219035 Pension Services 1351486 EDUCATORS ADVANCEMENT GROUP 20624 Abbey Woods Court Frankfort IL 60423 Graduate Student Recruitment 2190927 HEALTH OF NEW ENGLAND PO Box 415425 Boston MA 022415425 Employee Medical Insurance Provider 1880472 CONSOLIDATED HEALTH PLANS 2077 Roosevelt Ave Springfield MA 01104 Student and Athletic Insurance 589425 20 0 0 0 0 2339047 1228120 0 3567167 Undergraduate & Graduate 611310 57676763 57676763 0 0 Residence Halls 611310 4739545 4739545 0 0 Blake Development Center 611110 3152283 3152283 0 0 Dining Commons and Bookstore 611310 1798873 1798873 0 0 0 0 0 0 67367464 183630 0 0 183630 0 0 0 0 0 0 0 0 0 0 2370984 0 2140980 0 230004 0 230004 0 0 230004 64740 0 20807 43933 0 43933 Miscellaneous Revenue 611310 369333 355983 13350 0 0 0 0 0 369333 71761531 67723447 13350 457567 0 24510986 24510986 0 0 0 0 977130 0 977130 0 20324434 16471683 3618912 233839 0 3658654 2564737 1035647 58270 1757817 1091387 651055 15375 7043 7043 159619 159619 81100 81100 34410 34410 235797 159110 76687 318272 6066 312206 743830 395251 337829 10750 99185 93979 5206 3305278 1440259 1849366 15653 792388 706869 61013 24506 95742 77319 8493 9930 878341 878341 2318210 1706287 611923 577617 183555 394062 Commissions 2156880 2156880 0 0 Bad Debt Expense 1700941 0 1404610 296331 Miscellaneous 957817 742797 192245 22775 Property Rentals 693561 693561 0 0 Consultants 782894 472648 310246 0 1882464 1242683 623210 16571 69050410 55628808 12717602 704000 0 0 332961 3097405 2350478 1400951 3340737 1184237 0 0 0 0 1369800 1324941 24071 36001 799440 584285 57924328 21519264 37289419 36405064 7625312 9048349 53132218 53081233 8076083 5763070 1825443 1107396 377000 321000 16491622 18758688 4870099 1471928 31640247 27422082 X 10548572 13028283 2093364 3577471 8850035 9053397 21491971 25659151 53132218 53081233 X 2711121 1456059 X 0 1 1 X 1 1 X 1228120 1228120 0 0 0 0 1228120 1228120 1228120 196980 196980 0 0 0 0 196980 196980 0 0 0 0 0 0 1425100 1425100 0.86178 0 0.13822 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10459534 54790 1404368 494856 0 0 11423836 9622142 344903 758985 106598 93274 66624 10459534 11733324 22832 -1775677 111084 193502 53751 9622142 0 0.79 0.21 0 0 0 2297613 2297613 0 44133759 12764121 31369638 0 0 0 0 0 9901648 7196443 2705205 0 1591308 1558700 32608 36405064 0 0 Investments held in trust by others 1787452 F Cash and Equivalent 548536 F Equities 6712361 F 9048349 Perkins 1471928 1471928 71761531 69050410 2711121 846834 0 0 0 609225 1456059 4167180 48706604 846834 0 0 609225 1456059 47250545 0 24510986 24510986 71761531 44539424 0 0 0 0 0 44539424 0 24510986 24510986 69050410 SchD_P05_S00_L04 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. SchD_P10_S00_L02 Schedule D, 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 Corporations); decision made in the process of conforming with tax laws; decisions not to file in certain jurisdictions; allocation of income between jurisdictions; and the characterization of income or 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 "more likely than not" sustainability and does not result in any uncertainty requiring recognition. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in split interest = $185,033 Change in pension valuation = $424,192 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in split interest agreements = $185,033 Change in pension valuation = $424,192 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarships and Awards SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships and Awards 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Annually the College purchases an advertisement in the local newspaper to publicize the racially nondiscriminatory policy toward all students and employees. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Government and financial aid explanation: The College receives student related financial aid from the Department of Education. The programs that the College participates in are Federal Pell Grants, Federal Education Loan Program, Federal Perkins Loan Program, Federal Work-Study Program, Federal Supplemental Educational Opportunity Grants, Federal National Science and Mathematics Access to Retain Talent Grant, Federal Teach Grant, TRIO Student Support Services and Upward Bound Grants and U.S. Department of Health and Human Services Nursing Workforce Development. Presidents Cup Golf Tournament 64740 0 64740 0 2331 10162 8314 0 0 0 0 64740 0 64740 0 2331 10162 8314 0 0 20807 43933 1 Scholarships for Students of the College 1674 24510986 0 SchI_P01_S00_L02 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 0 0 0 0 0 0 Vincent Maniaci 302686 0 0 0 1650 0 12866 0 8302 0 325504 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President of the College receives as housing allowance. Educators Advancement Group Spencer Barnard, JR - Trustee 1313557 MED Recruitment 0 Consolidated Health Plan Kevin Saremi - Trustee 589425 Insurance Broker 0 Noonan Energy Corporation Edward Noonan - Trustee 317226 Sale of Heating Oil and Heating 0 Doherty Wallce Pillsbury and Murphy Craig Brown - Trustee 127988 Legal Services 0 What If Networks LLC William Seretta - Employee 33511 Hosting, Development and IT Custom Services Provider 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Ed Noonan, Trustee and Eileen Noonan, AVP, are husband and wife. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a 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. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 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's compensation. 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 2011. F990_P06_S0C_L19 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. The College's Form 990, which includes reasonably detailed financial information with respect to the College, is available on internet websites (e.g. Massachusett's Attorney General's). F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized Investment Gains = $846,834 Change in Split Interest Agreements = $185,033 Change in Pension Valuation = $424,192 An extension was filed.