2016-07-13T16:04:19-05:00 2015-08-31 410746749 CLIFTONLARSONALLEN LLP 5550 WILD ROSE LANE SUITE 300 WEST DES MOINES IA 502665304 990 2014-09-01 420681067 AMERICAN INSTITUTE OF BUSINESS AMER 5152444221 2500 FLEUR DRIVE DES MOINES IA 50321 TIM HORSCH CONTROLLER 5152444221 2016-07-13 1 RONALD L HINTZ CPA P01060958 5152224400 2014 2016-09-27 15:27:22Z TIM HORSCH 2500 FLEUR DRIVE DES MOINES IA 50321 11407140 0 X WWW.AIB.EDU X 1921 IA EDUCATIONAL SERVICES 8 8 314 0 0 0 910288 293507 11869928 10798384 229747 104332 1105969 147151 14115932 11343374 622043 88871 0 0 8100747 7240607 0 0 305140 6188153 6842674 14910943 14172152 -795011 -2828778 22538127 14392923 7167303 1850877 15370824 12542046 PROVIDE ASSOCIATE AND BACHELOR DEGREES AND DIPLOMA COURSES OF STUDY FOR STUDENTS SEEKING CAREERS IN BUSINESS. 0 0 4691191 62653 8388593 EXPENSES RELATED TO PROVIDING AN ACCREDITED EDUCATION TO THE STUDENTS OF AMERICAN INSTITUTE OF BUSINESS 906900 1442077 EXPENSES RELATED TO PROVIDING CAMPUS HOUSING FOR STUDENTS RECEIVING THEIR EDUCATION AT AMERICAN INSTITUTE OF BUSINESS 843501 26218 967714 EXPENSES RELATED TO AUXILLARY SERVICES FOR THE CONVENIENCE OF THE STUDENTS, INCLUDING BOOKSTORE AND TELEPHONE SERVICES 6441592 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 1 314 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NANCY WILLIAMS 5152444221 2500 FLEUR DRIVE DES MOINES IA 50321 ROLLIN DICK TRUSTEE 0.00 X 0 0 0 MICHAEL DISBRO MD TRUSTEE 0.00 X 0 0 0 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 SHEILA TIPTON TRUSTEE 0.00 X 0 0 0 CHARLES BETTS TRUSTEE 0.00 X 0 0 0 DAVID CASTEN TRUSTEE 0.00 X 0 0 0 DAWN ROBERTS DIRECTOR/ADVANCEMENT 40.00 X 77472 0 3750 CHRISTY ROLAND CHIEF ACADEMIC OFFICER 40.00 X 89970 0 17423 JOAN HITZEL DIRECTOR/HUMAN RESOURCES 40.00 X 32274 0 1610 CHRIS SCHMIDT CHIEF FACILITIES OFFICER 40.00 X 59075 0 20596 KIRK TROW VICE PRESIDENT 40.00 X 71392 0 17090 ALAN DORENKAMP ATHLETIC DIRECTOR 40.00 X 72123 0 12900 TIM HORSCH CONTROLLER 40.00 X 72518 0 14647 NANCY WILLIAMS PRESIDENT 40.00 X 218945 0 10333 MARGARET S CIGELMAN VP/ACADEMIC AFFAIRS 40.00 X 75371 0 7293 DENISE CODY DIRECTOR/INFORMATION TECHN 40.00 X 90147 0 5212 COURTNEY GREENE VICE PRESIDENT 40.00 X 61199 0 8342 LISA HETZEL DEAN OF STUDENTS 40.00 X 69070 0 5212 989556 0 124408 1 1 1 0 HIGHSTREET IT HOLDINGS LLC 8480 E ORCHARD RD STE 6200 GREENWOOD VILLAGE CO 80111 CONTRACT LABOR - IT 1128158 ORACLE CREDIT 260 N CHARLES LINDBERGH DR SALT LAKE CITY UT 84116 SOFTWARE 287325 CENGAGE LEARNING PO BOX 95999 CHICAGO IL 60694 TEXTBOOKS 227080 ALLIANCE TECHNOLOGY 420 WATSON POWELL JR WAY DES MOINES IA 50309 CONTRACT LABOR - IT 187811 ROBERT HALF TECHNOLOGY PO BOX 743295 LOS ANGELES CA 90074 CONTRACT LABOR - IT 155146 8 96368 81479 115660 293507 TUITION AND FEES 611710 8388593 8388593 DORMITORY FEES 611710 1442077 1442077 ACTIVITY FEES; BOOKSTORE 611710 810511 810511 EXT HOUSING, FEES 611710 157203 157203 10798384 104332 104332 63766 96368 63766 0 INVESTMENT UNREALIZED GAINS/LOSSE 611710 147151 147151 147151 11343374 10798384 0 251483 88871 88871 5978416 4503635 1302537 172244 202525 142361 60164 635941 440247 158452 37242 423725 326832 82927 13966 131967 131967 296649 296649 130867 130867 214650 152808 61842 20796 18928 1868 83435 83435 1073288 59562 1013726 178082 11940 166142 OTHER 2533603 352920 2098995 81688 EQUIPMENT RENTAL & MAIN 894784 113851 780933 COST OF GOODS SOLD 533575 533575 UTILITIES 441052 76527 364525 309926 153110 156816 14172152 6441592 7425420 305140 581210 3049332 251991 164748 730516 704134 319694 114494 208047 292750 30594718 20977253 10634150 9617465 9290455 0 67342 0 454722 450000 22538127 14392923 726186 343567 912552 927022 220256 280901 3600000 0 1620333 0 87976 299387 7167303 1850877 X 15116387 12525508 179067 16538 75370 0 15370824 12542046 22538127 14392923 -2828778 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9475408 231780 9707188 8156192 1319216 9475408 7238883 917312 8156195 6593929 644951 7238883 5767065 826864 6593929 0 0 894219 894219 21281305 13479053 7802252 8419194 7498200 920994 9617465 REFUNDABLE DEPOSITS 299387 299387 11505903 162529 162529 11343374 0 11343374 14172152 0 14172152 0 14172152 PART V, LINE 4: ENDOWMENT FUNDS ARE HELD TO SUPPORT THE MISSION AND GROWTH OF THE COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SATISFACTION OF RESTRICTED PURPOSE (RECLASSIFICATION) 162,529. 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. MONROE COLSTON DINNER 153390 89668 63722 50000 4350 8796 576 CHIPS FOR SCHOLARSHIPS 6744 6700 44 44 160134 96368 63766 50000 4350 8796 620 63766 0 1 FEDERAL PERKINS 69 26218 GENERAL SCHOLARSHIPS & GRANTS 1032 62653 PART I, LINE 2: AWARD FUNDS ARE BALANCED PERIODICALLY ACCORDING TO THE AWARD YEAR TIME FRAME AND ANY DISCREPENCIES ARE INVESTIGATED IMMEDIATELY. EACH AWARD FUND MAINTAINS RECORDS OF ELIGIBILITY, SELECTION CRITERIA AND AMOUNT AWARDED. THESE PARAMETERS MAY BE ADJUSTED ANNUALLY AND STUDENTS ARE NOTIFIED ACCORDINGLY. MOST AWARDS ARE GRANTED FOR TUITION ONLY, BUT SOME MAY BE USED FOR BOOKS AND HOUSING, ETC. THE PARAMETERES ARE EITHER PUBLISHED IN THE HANDBOOK OR WITH THE AWARD PACKET AND APPLICATION. X X X 1 0 0 0 0 0 0 0 0 NANCY WILLIAMS PRESIDENT 196000 0 0 0 22945 0 0 0 10333 0 229278 0 0 0 MARGARET S CIGELMAN VP/ACADEMIC AFFAIRS 75371 0 0 0 0 0 0 0 7293 0 82664 0 0 0 DENISE CODY DIRECTOR/INFORMATION TECHN 90147 0 0 0 0 0 0 0 5212 0 95359 0 0 0 COURTNEY GREENE VICE PRESIDENT 61199 0 0 0 0 0 0 0 8342 0 69541 0 0 0 LISA HETZEL DEAN OF STUDENTS 69070 0 0 0 0 0 0 0 5212 0 74282 0 0 0 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.