2016-02-03T15:06:57-06:00 2015-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2014-07-01 042103701 AMERICAN INTERNATIONAL COLLEGE AMER 4137377000 1000 STATE STREET SPRINGFIELD MA 011093151 THOMAS DYBICK VICE PRESIDENT FOR FINANCE 4137377000 2016-02-01 1 DAVID A DIIULIS P00303577 6174711120 2016-02-01 2014 2016-04-25 22:37:26Z THOMAS DYBICK 1000 STATE STREET SPRINGFIELD MA 011093151 80487164 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! 24 22 915 6 3150 1362 3661970 3173562 75408960 76338771 181725 191537 663043 757391 79915698 80461261 26549087 26465685 0 0 25182120 26017519 0 0 760781 23328387 25461911 75059594 77945115 4856104 2516146 59992220 68351704 21443786 27693833 38548434 40657871 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 55380783 26465685 75104792 HIGHER EDUCATION: PROGRAM SERVICE ACTIVITIES RELATED TO THE INSTITUTION'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 3,500 STUDENTS INCLUDING SCHOLARSHIPS AND AWARDS OF $26,465,685, INSTRUCTIONAL SERVICES OF $17,400,394, STUDENT SERVICES OF $10,761,645, AND LIBRARY SERVICES OF $753,059. 4986576 1935698 HIGHER EDUCATION: AUXILIARY SERVICES ARE PROVIDED AS AN INTEGRAL PART OF THE COLLEGE. THIS PROGRAM INCLUDES THE COLLEGE'S AUXILIARY SERVICES AND THE CURTIS BLAKE DAY SCHOOL PROGRAM. 60367359 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 1 154 0 1 915 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 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 1000 STATE STREET SPRINGFIELD MA 011093151 RONALD J ABDOW TRUSTEE 1.00 X 0 0 0 SPENCER A BARNARD JR TRUSTEE 1.00 X 0 0 0 JAMES A CALHOUN TRUSTEE 1.00 X 0 0 0 REBECCA B CAPLICE TRUSTEE 1.00 X 0 0 0 MARGARET CLANCY-PACKENHAM TRUSTEE 1.00 X 0 0 0 FRANK COLACCINO TRUSTEE 1.00 X 0 0 0 DANIEL E DELLA-GIUSTINA PHD TRUSTEE 1.00 X 0 0 0 SHAWN M HARRINGTON TRUSTEE 1.00 X 0 0 0 GALE A KIRKWOOD TRUSTEE 1.00 X 0 0 0 J ALLEN KOSOWSKY CPA TRUSTEE 1.00 X 0 0 0 MICHAEL D RAVOSA TRUSTEE 1.00 X 0 0 0 TIMOTHY J REGAN II TRUSTEE 1.00 X 0 0 0 K KEVIN SAREMI TRUSTEE 1.00 X 0 0 0 MATTHEW C SCHIMENTI TRUSTEE 1.00 X 0 0 0 KELLY L TUCKY TRUSTEE 1.00 X 0 0 0 DANIEL VETRAS TRUSTEE 1.00 X 0 0 0 PETER J VOGIAN TRUSTEE 1.00 X 0 0 0 DANIEL J WARWICK MED CAGS TRUSTEE 1.00 X 0 0 0 E DAVID WILSON TRUSTEE 1.00 X 0 0 0 PETER J BITTEL EDD CHAIR 4.00 X X 0 0 0 A CRAIG BROWN ESQ TREASURER 10.00 X X 0 0 0 TP TUNSTALL TRUSTEE 1.00 X 0 0 0 RAY M DIPASQUALE TRUSTEE 1.00 X 0 0 0 JOHN V LOMBARDI TRUSTEE 1.00 X 0 0 0 MICHAEL D WEEKES TRUSTEE 1.00 X 0 0 0 EDWARD NOONAN TRUSTEE 1.00 X 0 0 0 MARK BERMAN EXECUTIVE VICE PRESIDENT FOR ADMINISTRATION 40.00 X 213678 0 10631 THOMAS DYBICK VICE PRESIDENT FOR FINANCE 40.00 X 142129 0 16016 MARION ROYSTON CHIEF INFORMATION OFFICER 40.00 X 147855 0 11480 NICOLLE CESTERO-SZEWCZYK VICE PRESIDENT FOR HR 40.00 X 122259 0 6917 VINCENT MANIACI PRESIDENT 40.00 X 367798 0 31010 SUSANNE SWANKER CHIEF ACADEMIC OFFICER 40.00 X 106613 0 12115 GREGORY SCHMUTTE VICE PRESIDENT 40.00 X 122105 0 12312 MAUREEN FITZGERALD EXECUTIVE DIRECTOR OF DEVELOPMENT 40.00 X 157730 0 0 FLOYD YOUNG VICE PRESIDENT OF CAMPUS SERVICES 40.00 X 106577 0 20633 NICHOLAS YOUNG PHD DEAN 40.00 X 178196 0 8910 CESARINA THOMPSON DEAN 40.00 X 160249 0 0 CHRISTINE MICHAEL ASSISTANT PROFESSOR OF EDU 40.00 X 164479 0 8679 TODD FRITCH PROVOST 40.00 X 116415 0 15847 2106083 0 154550 14 1 1 0 CHARTWELLS 1000 STATE STREET SPRINGFIELD MA 01109 FOOD SERVICE 2946182 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS COURT NORTH FRANKFORD IL 60423 GRADUATE STUDENT RECRUITMENT 2613191 WESTERN BUILDERS 73 PLEASANT STREET GRANBY MA 01033 CONSTRUCTION 1555092 HEALTH NEW ENGLAND INC PO BOX 41525 BOSTON MA 02241 EMPLOYEE MEDICAL INSURANCE 1542046 G4S SECURE SOLUTIONS INC 21 NORTH AVENUE BURLINGTON MA 01803 SECURITY TECHNOLOGY 1260699 40 1755279 1418283 3173562 UNDERGRADUATE & GRADUATE TUITION 611310 65246191 65246191 RESIDENCE HALLS 611310 4712552 4712552 DINING COMMONS AND BOOKSTORE 611310 4444330 4444330 BLAKE DEVELOPMENT CENTER 611110 1833048 1833048 FOLLETT COMMISSIONS 611310 100000 100000 2650 2650 76338771 191537 191537 78425 25903 52522 52522 MISCELLANEOUS REVENUE 611310 701719 701719 RENTAL INCOME 531190 3150 3150 704869 80461261 77040490 3150 244059 26465685 26465685 2207225 609536 1597689 19686472 16125708 3043918 516846 2500634 1885117 557517 58000 1623188 1153868 434053 35267 3953 3953 144181 144181 161770 161770 2167 2167 824648 463964 360684 472941 440571 32370 616797 335329 275294 6174 415282 145743 269539 6421759 1703703 4710803 7253 736669 622598 93474 20597 119731 85509 33185 1037 490548 381241 109307 2511608 1689620 809083 12905 693342 290301 403041 UNRELATED BUSINESS INCO 204 204 MISCELLANEOUS 6192319 4889745 1252242 50332 COMMISSIONS 2713191 2713191 CONSULTANTS 1946361 262061 1684300 994440 544440 430000 20000 77945115 60367359 16816975 760781 5303401 5779558 768486 495028 346786 472431 1310555 1228475 91790 60801 504793 511873 76864808 32562128 36471141 44302680 15195268 15500858 59992220 68351704 7144459 11167837 1313675 1188731 140000 11388347 13879960 1457305 1457305 21443786 27693833 X 23956203 27525473 5168746 3301753 9423485 9830645 38548434 40657871 59992220 68351704 X 2516146 -256651 -3100 -146958 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14592231 646775 79558 -2186166 13132398 13250983 459515 1299606 417873 14592231 12402093 657522 781052 589684 13250983 12630868 520530 -261292 488013 12402093 10459534 1261822 1404368 494856 12630868 0.75000 0.25000 1 0 2249863 2249863 50753134 18946700 31806434 14930663 10653476 4277187 8931148 2961952 5969196 44302680 CASH AND EQUIVALENTS 53651 F PUBLIC SECURITIES 2125150 F MUTUAL FUNDS 12555529 F INVESTMENTS HELD IN TRUST 766528 F 15500858 PERKINS LOAN GRANT 1457305 1457305 X 53614765 -256651 -146958 -403609 54018374 3105 26439782 26442887 80461261 51505333 25903 25903 51479430 26465685 26465685 77945115 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 X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRACTICED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A MORE LIKELY THAN NOT (MLTN) 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 EXPENSE, RESPECTIVELY, IN THE STATEMENT OF ACTIVITIES. 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 AS A PASS-THOUGH ENTITY (S CORPORATIONS, ETC.); DECISIONS 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 MLTN SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS 252,560. CHANGE IN PENSION VALUATION -223,494. IMPAIRMENT -176,024. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 26,465,685. FUNDRAISING EXPENSE -25,903. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 25,903. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 26,465,685. 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 TOWARDS STUDENTS IS PUBLISHED IN THE STUDENT HANDBOOK AND ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED 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 EDUCATION OPPORTUNITY GRANTS, FEDERAL NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT, FEDERAL TEACH GRANT, TRIO SUPPORT SERVICES AND US DEPARTMENT OF HEALTH AND HUMAN SERVICES NURSING WORKFORCE DEVELOPMENT. GOLF TOURNAMENT 78425 78425 25903 78425 78425 25903 25903 52522 1 SCHOLARSHIPS FOR STUDENTS OF THE COLLEGE 1462 26465685 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 MARK BERMAN EXECUTIVE VICE PRESIDENT FOR ADMINIS 212625 0 0 0 1053 0 10631 0 0 0 224309 0 0 0 THOMAS DYBICK VICE PRESIDENT FOR FINANCE 140925 0 0 0 1204 0 7046 0 8970 0 158145 0 0 0 MARION ROYSTON CHIEF INFORMATION OFFICER 147707 0 0 0 148 0 5198 0 6282 0 159335 0 0 0 VINCENT MANIACI PRESIDENT 365387 0 0 0 2411 0 13000 0 18010 0 398808 0 0 0 MAUREEN FITZGERALD EXECUTIVE DIRECTOR OF DEVELOPMENT 156875 0 0 0 855 0 0 0 0 0 157730 0 0 0 NICHOLAS YOUNG PHD DEAN 178196 0 0 0 0 0 8910 0 0 0 187106 0 0 0 CESARINA THOMPSON DEAN 159681 0 0 0 568 0 0 0 0 0 160249 0 0 0 CHRISTINE MICHAEL ASSISTANT PROFESSOR OF EDU 164479 0 0 0 0 0 8224 0 455 0 173158 0 0 0 TODD FRITCH PROVOST 116314 0 0 0 101 0 5815 0 10032 0 132262 0 0 0 PART I, LINE 5 BONUS AND/OR INCENTIVE BASED ON REVENUES. EDUCATORS ADVANCEMENT GROUP SPENCER BARNARD JR - TRUSTEE 2613191 MED RECRUITMENT 0 CONSOLIDATED HEALTH PLANS KEVIN SAREMI - TRUSTEE 657543 INSURANCE BROKER 0 NOONAN ENERGY CORPORATION EDWARD NOONAN - TRUSTEE 248189 OIL DELIVERY AND SERVICE 0 DOHERTY WALLACE PILLSBURY AND MURPHY LLC CRAIG BROWN - TRUSTEE 99790 LEGAL SERVICES 0 FORM 990, PART VI, SECTION A, LINE 2 ED NOONAN, TRUSTEE, AND EILEEN NOONAN, AVP, ARE MARRIED. ED NOONAN WAS A TRUSTEE FOR THE PERIOD 7/1/14 - 5/31/15. 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. THE LATEST COMPENSATION REVIEW WAS UNDERTAKEN IN THE LATTER PART OF FISCAL YEAR 2015. 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. WWW.GUIDESTAR.COM). FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 252,560. CHANGE IN PENSION VALUATION -223,494. IMPAIRMENT -176,024. FORM 990 PART XII, LINE 2C THE OVERSIGHT PROCESS FOR REVIEW OF THE AUDIT HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.