2017-06-30T10:30:15-05:00 2016-08-31 410746749 CLIFTONLARSONALLEN LLP 5550 WILD ROSE LANE SUITE 300 WEST DES MOINES IA 502665304 990 2015-09-01 420681067 AMERICAN INSTITUTE OF BUSINESS AMER 5155544404 PO BOX 1392 DES MOINES IA 50305 NANCY WILLIAMS PRESIDENT 5155544404 2017-06-29 1 RONALD L HINTZ CPA P01060958 5152224400 2015 2021-01-29 14:40:06Z X NANCY WILLIAMS PO BOX 1392 DES MOINES IA 50305 5067315 0 X N/A X 1921 IA EDUCATIONAL SERVICES 3 3 130 0 0 0 293507 46286 10798384 2767404 104332 1447762 147151 0 11343374 4261452 88871 8202770 0 0 7240607 3579598 0 0 0 6842674 2919362 14172152 14701730 -2828778 -10440278 14392923 2237365 1850877 135597 12542046 2101768 X PROVIDE ASSOCIATE AND BACHELOR DEGREES AND DIPLOMA COURSES OF STUDY FOR STUDENTS SEEKING CAREERS IN BUSINESS. 0 1 10196296 8202770 2319909 EXPENSES RELATED TO PROVIDING AN ACCREDITED EDUCATION TO THE STUDENTS OF AMERICAN INSTITUTE OF BUSINESS 465067 275821 EXPENSES RELATED TO PROVIDING CAMPUS HOUSING FOR STUDENTS RECEIVING THEIR EDUCATION AT AMERICAN INSTITUTE OF BUSINESS 353646 171674 EXPENSES RELATED TO AUXILLARY SERVICES FOR THE CONVENIENCE OF THE STUDENTS, INCLUDING BOOKSTORE AND TELEPHONE SERVICES 11015009 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 130 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NANCY WILLIAMS 5155544404 PO BOX 1392 DES MOINES IA 50305 CHRIS COSTA TRUSTEE 0.00 X 0 0 0 PAUL BROWN TRUSTEE 0.00 X 0 0 0 RANDY FORBURGER TRUSTEE 0.00 X 0 0 0 TIM HORSCH CONTROLLER 40.00 X 86952 0 21718 NANCY WILLIAMS PRESIDENT 40.00 X 217334 0 10351 304286 0 32069 1 0 1 0 ALLIANCE TECHNOLOGY 420 WATSON POWELL JR WAY DES MOINES IA 50309 CONTRACT LABOR - IT 332791 ROBERT HALF TECHNOLOGY PO BOX 743295 LOS ANGELES CA 90074 CONTRACT LABOR - IT 128310 NYEMASTERGOODE PC 700 WALNUT STREET DES MOINES IA 503093899 LEGAL 122003 ORACLE CREDIT 260 N CHARLES LINDBERGH DRIVE SALT LAKE CITY UT 841162812 SOFTWARE 118490 PER MAR SECURITY PO BOX 1101 DAVENPORT IA 528051101 SECURITY 112870 6 34826 11460 46286 TUITION AND FEES 611710 2319909 2319909 DORMITORY FEES 611710 275821 275821 ACTIVITY FEES; BOOKSTORE 611710 158767 158767 EXT HOUSING, FEES 611710 12907 12907 2767404 3625 3625 2250000 805863 1444137 1444137 1444137 4261452 4211541 0 3625 8202770 8202770 2989190 2040352 948838 105954 64864 41090 270125 164389 105736 214329 151194 63135 93928 93928 173980 173980 8932 6521 2411 6875 6412 463 77 77 744305 34233 710072 200588 18205 182383 OTHER 931361 157659 773702 UTILITIES 271623 55821 215802 EQUIPMENT RENTAL & MAIN 253562 56175 197387 COST OF GOODS SOLD 103415 103415 130716 56414 74302 14701730 11015009 3686721 0 3049332 1747773 164748 27964 704134 114494 292750 11628 0 9617465 450000 450000 14392923 2237365 343567 135597 927022 280901 299387 0 1850877 135597 X 12525508 2101768 16538 0 0 12542046 2101768 14392923 2237365 -10440278 0 X X 0 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9475408 231780 9707188 8156192 1319216 9475408 7238883 917312 8156195 6593929 644951 7238883 0 CSV OF LIFE INSURANCE 450000 450000 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISING AND ADMISSION POLICIES INCLUDE NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 6 THE 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. 0 THE UNIVERSITY OF IOWA 105 JESSUP HALL IOWA CITY IA 52242 426004813 8202770 FAIR MARKET VALUE REAL ESTATE, IMPROVEMENTS, PERSONAL PROPERTY GIFT AGREEMENT DATED OCTOBER 30, 2015 BETWEEN THE AMERICAN INSTITUTE OF BUSINESS AND THE UNIVERSITY OF IOWA IN WHICH REAL ESTATE, IMPROVEMENTS, AND PERSONAL PROPERTY WERE GIFTED ON JUNE 30, 2016. X X X 1 0 0 0 0 0 0 0 0 NANCY WILLIAMS PRESIDENT 196000 0 0 0 21334 0 0 0 10351 0 227685 0 0 0 FORM 990, PART III, LINE 3 AMERICAN INSTITUTE OF BUSINESS EFFECTIVELY CEASED OPERATIONS JUNE 30, 2016. PURSUANT TO THE TERMS OF A GIFT AGREEMENT DATED OCTOBER 30, 2015, CERTAIN COLLEGE ASSETS, PRMIARILY REAL ESTATE AND IMPROVEMENTS AND CERTAIN PERSONAL PROPERTY, WERE GIFTED AT JUNE 30, 2016 TO THE UNIVERSITY OF IOWA. THE AGREEMENT WAS APPROVED BY THE IOWA BOARD OF REGENTS IN OCTOBER 2015 AND THE AMERICAN INSTITUTE OF BUSINESS' BOARD OF REGENTS IN SEPTEMBER 2015. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WILL BE PRESENTED DURING A BOARD OF TRUSTEES MEETING FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL POLICIES ARE UPDATED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE 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 19 INFORMATION IS AVAILABLE UPON REQUEST OF THE PRESIDENT'S OFFICE. FORM 990, PART XII, LINE 2C: TAXPAYER HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.