2015-02-11T08:51:38-06:00 2014-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2013-07-01 042103701 AMERICAN INTERNATIONAL COLLEGE AMER 4137377000 1000 STATE STREET SPRINGFIELD MA 011093151 THOMAS DYBICK VICE PRESIDENT FOR FINANCE 4137377000 2015-01-23 1 DAVID A DIIULIS P00303577 6174711120 2015-01-23 2013 2016-03-07 17:11:31Z THOMAS DYBICK 1000 STATE STREET SPRINGFIELD MA 011093151 79938008 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! 26 22 943 6 5850 3387 3412712 3661970 69586668 75408960 105380 181725 335319 663043 73440079 79915698 23614061 26549087 0 0 24790588 25182120 0 0 625364 19984019 23328387 68388668 75059594 5051411 4856104 53423267 59992220 21087320 21443786 32335947 38548434 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 54597931 26549087 73641051 HIGHER EDUCATION: PROGRAM SERVICE ACTIVITIES RELATED TO THE INSTITUTION'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO 1,581 STUDENTS INCLUDING SCHOLARSHIPS AND AWARDS OF $26,549,087, INSTRUCTIONAL SERVICES OF $18,364,366, STUDENT SERVICES OF $8,912,959 AND LIBRARY SERVICES OF $771,519. 4504282 2376087 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. 59102213 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 1 145 0 1 943 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 1000 STATE STREET SPRINGFIELD MA 011093151 DAVID ADAMS TRUSTEE 1.00 X 0 0 0 SPENCER A BARNARD JR TRUSTEE 1.00 X 0 0 0 JAMES A CALHOUN DHL TRUSTEE 1.00 X 0 0 0 MARGARET CLANCY-PACKENHAM TRUSTEE 1.00 X 0 0 0 STEPHEN A DAVIS TRUSTEE 1.00 X 0 0 0 DANIEL E DELLA-GIUSTINA PHD TRUSTEE 1.00 X 0 0 0 MARK G MASTROIANNI ESQ 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 TIMOTHY J REGAN II TRUSTEE 1.00 X 0 0 0 DANIEL J WARWICK TRUSTEE 1.00 X 0 0 0 K KEVIN SAREMI TRUSTEE 1.00 X 0 0 0 DAVID C SOUTHWORTH TRUSTEE 1.00 X 0 0 0 PETER J VOGIAN TRUSTEE 1.00 X 0 0 0 E DAVID WILSON TRUSTEE 1.00 X 0 0 0 EDWARD J NOONAN TRUSTEE 1.00 X 0 0 0 RONALD J ABDOW TRUSTEE 1.00 X 0 0 0 REBECCA CAPLICE TRUSTEE 1.00 X 0 0 0 DANIEL VETRAS TRUSTEE 1.00 X 0 0 0 KIMBERLY P MAY MD TRUSTEE 1.00 X 0 0 0 SHAWN M HARRINGTON TRUSTEE 1.00 X 0 0 0 MICHAEL RAVOSA TRUSTEE 1.00 X 0 0 0 FRANK COLACCINO CHAIRMAN 4.00 X X 0 0 0 PETER BITTEL EDD VICE CHAIRMAN 4.00 X X 0 0 0 A CRAIG BROWN ESQ TREASURER 10.00 X X 0 0 0 THOMAS DYBICK VICE PRESIDENT FOR FINANCE 40.00 X 129228 0 14709 MARION ROYSTON CHIEF INFORMATION OFFICER 40.00 X 127834 0 8220 NICOLLE CESTRO VICE PRESIDENT FOR HR 40.00 X 106923 0 5344 RICHARD BEDARD VICE PRESIDENT 40.00 X 127341 0 19918 GREG SCHMUTTE VICE PRESIDENT 40.00 X 121505 0 12245 MARK BERMAN EXECUTIVE VICE PRESIDENT 40.00 X 194857 0 9694 NICHOLAS YOUNG PHD DEAN 40.00 X 165801 0 8284 TODD FRITCH PROVOST 40.00 X 189661 0 18122 CESARINA THOMPSON DEAN 40.00 X 156845 0 0 CHRISTINE MICHAEL ASSISTANT PROFESSOR OF EDUCATION 40.00 X 160231 0 7985 VINCENT MANIACI PRESIDENT 40.00 X 358547 0 29735 1838773 0 134256 11 0 1 0 DTZ INC 101 FEDERAL STREET SUITE 700 BOSTON MA 02110 MAINTENANCE SERVICES 3374976 ARAMARK 1000 STATE STREET SPRINGFIELD MA 01109 FOOD SERVICE 2964333 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS COURT NORTH FRANKFORD IL 60423 GRADUATE STUDENT RECRUITMENT 2604631 HEALTH NEW ENGLAND INC PO BOX 41525 BOSTON MA 02241 EMPLOYEE MEDICAL INSURANCE 1545570 WESTERN BUILDERS 73 PLEASANT STREET GRANBY MA 01033 CONSTRUCTION 1180319 20 1904082 1757888 3661970 UNDERGRADUATE & GRADUATE TUITION 611310 64385364 64385364 RESIDENCE HALLS 611310 4710691 4710691 DINING COMMONS AND BOOKSTORE 611310 3936819 3936819 BLAKE DEVELOPMENT CENTER 611110 2273669 2273669 FOLLETT COMMISSIONS 611310 100787 100787 1630 1630 75408960 181725 181725 71325 22310 49015 49015 MISCELLANEOUS REVENUE 611310 608178 608178 RENTAL INCOME 531190 5850 5850 614028 79915698 76017138 5850 230740 26549087 26549087 1838773 482877 1355896 19320067 15825585 3117370 377112 2447875 1889711 514406 43758 1575405 1115266 432188 27951 4956 4956 135802 135802 155004 155004 4641 4641 823607 462725 360882 277890 4917 223983 48990 763590 459077 283746 20767 516812 173856 339456 3500 5512156 1516710 3979943 15503 915156 803278 96692 15186 124348 81648 33580 9120 679471 447755 231716 2299020 1668165 630855 684566 324875 359691 MISCELLANEOUS 5124626 3675944 1405205 43477 COMMISSIONS 2704631 2704631 0 0 CONSULTANTS 1610828 475944 1134884 0 BAD DEBT EXPENSE 551121 0 531121 20000 440162 440162 75059594 59102213 15332017 625364 5695529 5303401 621044 768486 541940 346786 1257608 1310555 105953 91790 633435 504793 66036396 29565255 34368461 36471141 10199297 15195268 53423267 59992220 6760520 7144459 1460439 1313675 203000 140000 11206056 11388347 1457305 1457305 21087320 21443786 X 19084964 23956203 4217385 5168746 9033598 9423485 32335947 38548434 53423267 59992220 X 4856104 1229343 -4386 131426 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13250983 459515 1299606 417873 14592231 12402093 657522 781052 589684 13250983 12630868 520530 -261292 488013 12402093 10459534 1261822 1404368 494856 12630868 9622142 344903 758985 106598 93274 66624 10459534 0.65000 0.35000 1 0 2311863 2311863 48137566 17438858 30698708 12076641 9729580 2347061 3510326 2396817 1113509 36471141 CASH AND EQUIVALENTS 69681 F PUBLIC SECURITIES 1218361 F MUTUAL FUNDS 12024692 F INVESTMENTS HELD IN TRUST 1882534 F 15195268 PERKINS LOAN GRANT 1457305 1457305 X 54745303 1229343 131798 1361141 53384162 4759 26526777 26531536 79915698 48532817 22310 22310 48510507 26549087 26549087 75059594 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 135,248. PENSION CHANGE -3,450. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 26,549,087. FUNDRAISING EXPENSE -22,310. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 22,310. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 26,549,087. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ANNUALLY THE COLLEGE PURCHASES AN AD IN THE LOCAL NEWSPAPERS TO PUBLICIZE THE RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS AND EMPLOYEES. 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 71325 71325 22310 71325 71325 22310 22310 49015 1 SCHOLARSHIPS FOR STUDENTS OF THE COLLEGE 1581 26549087 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 193875 0 0 0 982 0 9694 0 0 0 204551 0 0 0 NICHOLAS YOUNG PHD DEAN 164358 0 1313 0 130 0 8284 0 0 0 174085 0 0 0 TODD FRITCH PROVOST 189510 0 0 0 151 0 4354 0 13768 0 207783 0 0 0 CESARINA THOMPSON DEAN 156550 0 0 0 295 0 0 0 0 0 156845 0 0 0 CHRISTINE MICHAEL ASSISTANT PROFESSOR OF EDUCATION 157857 0 875 0 1499 0 7985 0 0 0 168216 0 0 0 VINCENT MANIACI PRESIDENT 356113 0 0 0 2434 0 13000 0 16735 0 388282 0 0 0 PART I, LINE 5 BONUS AND/OR INCENTIVE BASED ON REVENUES. EDUCATORS ADVANCEMENT GROUP SPENCER BARNARD JR - TRUSTEE 2604631 MED RECRUITMENT 0 CONSOLIDATED HEALTH PLANS KEVIN SAREMI - TRUSTEE 722425 INSURANCE BROKER 0 NOONAN ENERGY CORPORATION EDWARD NOONAN - TRUSTEE 399351 SALE OF HEATING OIL AND HEATING EQUIPMENT SERVICES 0 DOHERTY WALLACE PILLSBURY AND MURPHY LLC CRAIG BROWN - TRUSTEE 87584 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 2 ED NOONAN, TRUSTEE AND EILEEN NOONAN, AVP ARE HUSBAND AND WIFE. 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 2010. 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 134,876. CHANGE IN PENSION VALUATION -3,450. 990 PART XII, LINE 2C THE OVERSIGHT PROCESS FOR REVIEW OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.