2021-05-13T12:19:18-05:00 2020-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2019-07-01 042103701 AMERICAN INTERNATIONAL COLLEGE AMER 4137377000 1000 STATE STREET SPRINGFIELD MA 011093151 CHRISTOPHER GARRITY VICE PRESIDENT FOR FINANCE 4137377000 2021-05-13 1 DAVID A DIIULIS P00303577 6174711120 2021-05-07 2019 2022-09-23 18:48:47Z CHRISTOPHER GARRITY 1000 STATE STREET SPRINGFIELD MA 011093151 82381739 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! 23 23 1215 10 972 0 2888808 2884382 78271959 77956086 432062 326338 1455577 1202290 83048406 82369096 28461021 30397611 0 0 27831143 26125526 0 0 636064 26821212 24707085 83113376 81230222 -64970 1138874 82901732 88386195 36020676 41059007 46881056 47327188 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 60227319 30397611 77720533 HIGHER EDUCATION: PROGRAM SERVICE ACTIVITIES RELATED TO THE INSTITUTION'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,900 STUDENTS INCLUDING SCHOLARSHIPS AND AWARDS OF $30,397,611, INSTRUCTIONAL SERVICES OF $16,847,241, STUDENT SERVICES OF $12,122,177, AND LIBRARY SERVICES OF $860,290. 2898589 1427342 HIGHER EDUCATION: AUXILIARY SERVICES ARE PROVIDED AS AN INTEGRAL PART OF THE COLLEGE. 63125908 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 66 0 1 1215 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CHRISTOPHER GARRITY 4132053902 1000 STATE STREET SPRINGFIELD MA 011093151 FRANK COLACCINO CHAIR 4.00 X X 0 0 0 TIMOTHY J REGAN II VICE CHAIR 4.00 X X 0 0 0 A CRAIG BROWN TREASURER 4.00 X X 0 0 0 RONALD J ABDOW TRUSTEE 1.00 X 0 0 0 JAMES A CALHOUN TRUSTEE 1.00 X 0 0 0 EDWARD P DANEK TRUSTEE 1.00 X 0 0 0 GARY S GILLHEENEY TRUSTEE 1.00 X 0 0 0 GALE A KIRKWOOD TRUSTEE 1.00 X 0 0 0 JOHN V LOMBARDI TRUSTEE 1.00 X 0 0 0 MICHAEL T PETERSON TRUSTEE 1.00 X 0 0 0 EARL T PRYCE TRUSTEE 1.00 X 0 0 0 MICHAEL D RAVOSA TRUSTEE 1.00 X 0 0 0 K KEVIN SAREMI TRUSTEE 1.00 X 0 0 0 NANCY M TANTONE TRUSTEE 1.00 X 0 0 0 THOMAS P TUNSTALL TRUSTEE 1.00 X 0 0 0 PETER J VOGIAN TRUSTEE 1.00 X 0 0 0 DANIEL J WARWICK TRUSTEE 1.00 X 0 0 0 MICHAEL D WEEKES TRUSTEE 1.00 X 0 0 0 E DAVID WILSON TRUSTEE 1.00 X 0 0 0 B JOHN DILL TRUSTEE 1.00 X 0 0 0 ALEX DIXON TRUSTEE 1.00 X 0 0 0 DANIEL E DELLA-GIUSTINA TRUSTEE 1.00 X 0 0 0 CRAWFORD LINCOLN TRUSTEE 1.00 X 0 0 0 VINCENT M MANIACI PRESIDENT 40.00 X 994845 0 12851 NICOLLE CESTERO-SZEWCZYK SENIOR VICE PRESIDENT OF HUMAN RESOURCES 40.00 X 192667 0 8629 CHRISTOPHER GARRITY VICE PRESIDENT FOR FINANCE 40.00 X 154167 0 7708 MARION ROYSTON CHIEF INFORMATION OFFICER 40.00 X 160177 0 7759 ERIC J LANG MEN'S HOCKEY COACH 40.00 X 151936 0 0 KAREN S ROUSSEAU DEAN OF HEALTH SCIENCES 40.00 X 150512 0 7526 BRIAN J O'SHAUGHNESSY FORMER VICE PRESIDENT OF STUDENT AFFAIRS 40.00 X 133717 0 6686 MELISSA M NASH FORMER VICE PRESIDENT OF ACADEMIC AFFAIRS 40.00 X 226007 0 4833 NICHOLAS YOUNG FORMER DEAN FOR LOW RESIDENCY PROGRAMS 40.00 X 180173 0 5475 CHRISTINE MICHAEL FORMER DIRECTOR OF ED.D PROGRAM 40.00 X 156968 0 7848 2501169 0 69315 10 1 1 0 CHARTWELLS 4606 CENTRAL SCHOOL RD SAINT CHARLES MO 63304 FOOD SERVICES 3708265 C&W FACILITY SERVICES INC 275 GROVE ST 3 AUBURNDALE MA 02466 FACILITY SERVICES 3547426 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS CT FRANKFORT IL 60423 RECRUITMENT CONSULTING 1624236 G4S SECURE SOLUTIONS INC PO BOX 277469 ATLANTA GA 303847469 SECURITY SERVICES 1394020 MASSLIVE MEDIA DEPT 77571 PO BOX 77000 DETROIT MI 482770571 MARKETING 358308 16 17994 1301192 1565196 2884382 TUITION & FEES 611310 68502806 68502806 RESIDENCE & DINING 611310 9217727 9217727 AUXILIARY ENTERPRISES 611310 235553 235553 77956086 326338 326338 22172 17994 12643 9529 9529 OTHER INCOME 611310 1192761 1191789 972 1192761 82369096 79147875 972 335867 30397611 30397611 1545788 519208 1026580 19555121 15924865 3243730 386526 3785023 2436535 1294104 54384 1239594 959270 253367 26957 144746 144746 143643 143643 1973759 229530 1742729 1500 732857 732857 384018 228869 146548 8601 215158 123519 67051 24588 4759583 1059547 3691789 8247 434817 361674 46789 26354 42033 41500 76 457 677421 613983 63438 3616506 2572922 1021828 21756 514087 5237 508850 DINING AND CATERING 3440887 3381140 57348 2399 COMMISSIONS 1503811 1503811 ATHLETICS 1376518 1373415 3103 MISCELLANEOUS 1290478 53068 1216380 21030 3456763 1340204 2066397 50162 81230222 63125908 17468250 636064 6926833 8201662 7061621 305886 222307 1657301 2436137 11830 71355 611214 1362285 98612552 50104688 51368912 48507864 20673572 21869148 82901732 88386195 8430297 4751451 1500050 1153878 26090329 26022755 0 9130923 36020676 41059007 X 31890944 31325605 14990112 16001583 46881056 47327188 82901732 88386195 X 1138874 354205 -1046947 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18847832 740561 691548 -221158 20058783 18186693 292301 653386 -284548 18847832 16782356 731513 1070558 -397734 18186693 16941410 280273 1340305 -1779632 16782356 16556830 966890 -260888 -321422 16941410 0.25000 0.75000 0 0 2249863 2249863 71092675 29537348 41555327 22511314 17808640 4702674 2758700 2758700 0 48507864 MONEY MARKET FUNDS 1337041 F MUTUAL FUNDS 19744270 F INVESTMENTS HELD IN TRUST BY OTHERS 787837 F 21869148 ACCRUED PENSION OBLIGATION 2760460 ASSET RETIREMENT OBLIGATIONS 1810663 PAYCHECK PROTECTION PROGRAM LOAN 4559800 9130923 X 52386473 354205 48140 -30397611 -29995266 82381739 -12643 -12643 82369096 51940341 48140 1059590 1107730 50832611 30397611 30397611 81230222 PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE PRIMARILY FOR THE AWARDING OF SCHOLARSHIPS. THE GOAL OF THE COLLEGE'S ENDOWMENT SPENDING AND DISTRIBUTION POLICY IS TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT AND PROVIDE PREDICTABLE SUPPORT FOR OPERATIONS AND SCHOLARSHIPS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A MORE LIKELY THAN NOT SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THAT STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. THE COLLEGE HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE COLLEGE MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP & AWARDS / GRANT EXPENSE -30,397,611. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -12,643. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 12,643. CHANGE IN SPLIT INTEREST AGREEMENTS 7,964. CHANGE IN PENSION VALUATION 1,038,983. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP & AWARDS / GRANT EXPENSE 30,397,611. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK AND ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION. THE PROGRAMS THAT THE COLLEGE PARTICIPATES IN ARE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL DIRECT STUDENT LOANS, TEACH GRANTS, TRIO- STUDENT SUPPORT SERVICES, AND HIGHER EDUCATIONAL INSTITUTIONAL AID. GOLF TOURNAMENT 40166 17994 22172 12643 40166 17994 22172 12643 12643 9529 1 STUDENT SCHOLARSHIPS AND AWARDS 2048 30397611 PART I, LINE 2: THE COLLEGE HAS POLICIES AND PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS. STUDENTS ARE PROPERLY VETTED TO ENSURE QUALIFICATION. STUDENT QUALIFICATION IS BASED UPON THE COLLEGE'S ASSESSMENT OF THE STUDENTS ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER RELEVANT STANDARDS/FACTORS. X X 1 1 X X X X X 0 0 0 1 0 0 0 0 0 VINCENT M MANIACI PRESIDENT 436275 0 558570 0 0 0 6357 0 6494 0 1007696 0 0 0 NICOLLE CESTERO-SZEWCZYK SENIOR VICE PRESIDENT OF HUMAN RESOU 162667 0 30000 0 0 0 8629 0 0 0 201296 0 0 0 CHRISTOPHER GARRITY VICE PRESIDENT FOR FINANCE 129167 0 25000 0 0 0 7708 0 0 0 161875 0 0 0 MARION ROYSTON CHIEF INFORMATION OFFICER 155177 0 5000 0 0 0 7759 0 0 0 167936 0 0 0 ERIC J LANG MEN'S HOCKEY COACH 116936 0 35000 0 0 0 0 0 0 0 151936 0 0 0 KAREN S ROUSSEAU DEAN OF HEALTH SCIENCES 150512 0 0 0 0 0 7526 0 0 0 158038 0 0 0 BRIAN J O'SHAUGHNESSY FORMER VICE PRESIDENT OF STUDENT AFF 133717 0 0 0 0 0 6686 0 0 0 140403 0 0 0 MELISSA M NASH FORMER VICE PRESIDENT OF ACADEMIC AF 216007 0 10000 0 0 0 4833 0 0 0 230840 0 0 0 NICHOLAS YOUNG FORMER DEAN FOR LOW RESIDENCY PROGRA 180173 0 0 0 0 0 5475 0 0 0 185648 0 0 0 CHRISTINE MICHAEL FORMER DIRECTOR OF ED.D PROGRAM 156968 0 0 0 0 0 7848 0 0 0 164816 0 0 0 PART I, LINE 1A THE COLLEGE'S PRESIDENT RECEIVES A HOUSING ALLOWANCE AND MEMBERSHIP TO A GOLF CLUB. BOTH OF WHICH ARE AUTHORIZED BY THE COLLEGE'S COMPENSATION COMMITTEE. PART I, LINE 5 ANNUAL BONUSES ARE DEPENDENT UPON THE COLLEGE'S FINANCIAL AND NON-FINANCIAL PERFORMANCE. THE COLLEGE'S COMPENSATION COMMITTEE DETERMINES ANNUAL BONUSES. DOHERTY WALLACE PILLSBURY MURPHY PC A. CRAIG BROWN (TRUSTEE) 100431 LEGAL/PROFESSIONAL SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S FORM 990 WAS REVIEWED BY THE TRUSTEE AUDIT COMMITTEE AND WAS SUBSEQUENTLY PROVIDED ELECTRONICALLY TO THE ENTIRE BOARD OF TRUSTEES. THE FORM 990 WAS FILED WITH THE INTERNAL REVENUE SERVICE FOLLOWING SUCH REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL COLLEGE EMPLOYEES AND TRUSTEES AND IS POSTED ON THE COLLEGE'S INTRANET SITE FOR ALL EMPLOYEES AND TRUSTEES TO REVIEW. EACH TRUSTEE AND SENIOR ADMINISTRATIVE OFFICER EXECUTES A DECLARATION CONCERNING ANY CONFLICT OF INTEREST. THESE DECLARATIONS ARE FORWARDED TO THE CHAIRMAN OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE COLLEGE (WHICH INCLUDES THE CHAIRMAN OF THE BOARD OF TRUSTEES), CONDUCTS AN ANNUAL PERFORMANCE REVIEW AND EVALUATION OF SENIOR MANAGEMENT. THE COMMITTEE REVIEWS COMPENSATION DATA AT COMPARABLE INSTITUTIONS FOR ITS KEY EMPLOYEES AS PART OF THE PROCESS FOR DETERMINING COMPENSATION. MINUTES REGARDING DISCUSSION/DELIBERATIONS ARE MAINTAINED. THE LATEST COMPENSATION REVIEW WAS UNDERTAKEN IN THE LATTER PART OF FISCAL YEAR 2019. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION VALUATION -1,038,983. CHANGE IN SPLIT INTEREST AGREEMENTS -7,964. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.