2015-07-13T14:05:19-05:00 2014-08-31 410746749 CLIFTONLARSONALLEN LLP 5550 WILD ROSE LANE SUITE 300 WEST DES MOINES IA 502665304 990 2013-09-01 420681067 AMERICAN INSTITUTE OF BUSINESS AMER 5152444221 2500 FLEUR DRIVE DES MOINES IA 50321 TIM HORSCH CONTROLLER 5152444221 2015-07-10 1 RONALD L HINTZ CPA P01060958 5152224400 2013 2016-02-25 16:41:14Z TIM HORSCH 2500 FLEUR DRIVE DES MOINES IA 50321 14137020 0 X WWW.AIB.EDU X 1921 IA EDUCATIONAL SERVICES 8 8 347 0 0 0 433201 910288 10353748 11869928 165688 229747 764732 1105969 11717369 14115932 184180 622043 0 0 7696061 8100747 0 0 265023 4230521 6188153 12110762 14910943 -393393 -795011 21551286 22538127 5385451 7167303 16165835 15370824 PROVIDE ASSOCIATE AND BACHELOR DEGREES AND DIPLOMA COURSES OF STUDY FOR STUDENTS SEEKING CAREERS IN BUSINESS. 0 0 5498782 607632 9402822 EXPENSES RELATED TO PROVIDING AN ACCREDITED EDUCATION TO THE STUDENTS OF AMERICAN INSTITUTE OF BUSINESS 1320211 1462851 EXPENSES RELATED TO PROVIDING CAMPUS HOUSING FOR STUDENTS RECEIVING THEIR EDUCATION AT AMERICAN INSTITUTE OF BUSINESS 1018179 14411 1004256 EXPENSES RELATED TO AUXILLARY SERVICES FOR THE CONVENIENCE OF THE STUDENTS, INCLUDING BOOKSTORE AND TELEPHONE SERVICES 7837172 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 347 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 JANE WEINGART TRUSTEE 0.00 X 0 0 0 ROBERT LINK TRUSTEE 0.00 X 0 0 0 ROLLIN DICK TRUSTEE 0.00 X 0 0 0 ELIZABETH A NIGUT TRUSTEE 0.00 X 0 0 0 MARGARET S CIGELMAN VP/ACADEMIC AFFAIRS 40.00 X X 99400 0 10370 MICHAEL DISBRO MD TRUSTEE 0.00 X 0 0 0 PAUL WINGET VP/CFO 40.00 X X 95074 0 9854 TERRY PETERS DIRECTOR/ADMISSIONS 40.00 X 58073 0 11411 DAWN ROBERTS DIRECTOR/ADVANCEMENT 40.00 X 74308 0 0 CHRISTY ROLAND CHIEF ACADEMIC OFFICER 40.00 X X 88486 0 17308 JOAN HITZEL DIRECTOR/HUMAN RESOURCES 40.00 X 33857 0 1688 CHRIS SCHMIDT CHIEF FACILITIES OFFICER 40.00 X X 58213 0 20216 DENISE CODY DIRECTOR/INFORMATION TECHNOLOGY 40.00 X 85040 0 5192 KIRK TROW VICE PRESIDENT 40.00 X X 55983 0 15594 COURTNEY GREENE VICE PRESIDENT 40.00 X X 25451 0 2869 ALAN DORENKAMP ATHLETIC DIRECTOR 40.00 X 34209 0 3366 LISA HETZEL DEAN OF STUDENTS 40.00 X 27779 0 1731 TIM HORSCH CONTROLLER 40.00 X 0 0 0 CHRIS COSTA TRUSTEE 0.00 X 0 0 0 FRED BUIE 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 PAULA CORREY TRUSTEE 0.00 X 0 0 0 TERRY WILSON VP FOR STUDENT AFFAIRS 40.00 X 95516 0 5344 NANCY WILLIAMS PRESIDENT 40.00 X 197148 0 9303 1028537 0 114246 1 0 1 0 CENGAGE LEARNING PO BOX 95999 CHICAGO IL 606945999 TEXTBOOKS 335375 TEK SYSTEMS PO BOX 198568 ATLANTA GA 303848568 CONTRACT LABOR - IT 234452 VITAL SUPPORT 11191 AURORA AVE URBANDALE IA 50322 CONTRACT LABOR - IT 158925 MBS TEXTBOOK EXCHANGE 2711 WEST ASH COLUMBIA MO 65203 TEXTBOOKS 156619 ALLIANCE TECHNOLOGY 420 WATSON POWELL JR WAY DES MOINES IA 50309 CONTRACT LABOR - IT 138274 5 182033 79181 649074 910288 TUITION AND FEES 611710 9402821 9402821 DORMITORY FEES 611710 1462851 1462851 ACTIVITY FEES; BOOKSTORE 611710 931519 931519 EXT HOUSING, FEES 611710 72737 72737 11869928 229747 229747 21088 182033 21088 0 INVESTMENT UNREALIZED GAINS/LOSSE 611710 1105969 1105969 1105969 14115932 11869928 0 1335716 622043 622043 6757548 4953370 1635488 168690 183791 129468 54323 695085 488230 169662 37193 464323 355162 95484 13677 36326 36326 329246 329246 388830 388830 300724 223483 77241 26016 20624 5392 104684 104684 1076476 71111 1005365 178014 7399 170615 OTHER 1573206 424209 1103534 45463 COST OF GOODS SOLD 645162 645162 EQUIPMENT RENTAL & MAIN 529998 184946 345052 UTILITIES 526441 118278 408163 473030 238849 234181 14910943 7837172 6808748 265023 336965 581210 300665 251991 749853 730516 383966 319694 232688 208047 30631375 19997225 9762572 10634150 7958743 9290455 67342 67342 1758492 454722 21551286 22538127 936024 726186 914011 912552 252440 220256 1200000 3600000 2000000 1620333 82976 87976 5385451 7167303 X 15823290 15116387 267175 179067 75370 75370 16165835 15370824 21551286 22538127 -795011 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8156192 1319216 9475408 7238883 917312 8156195 6593929 644951 7238883 5767065 826864 6593929 6740961 -973896 5767065 0 0 894220 894220 21242966 12663647 8579319 8494189 7333578 1160611 10634150 REFUNDABLE DEPOSITS 87976 87976 14204040 88108 88108 14115932 0 14115932 14910943 0 14910943 0 14910943 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) 88,108. 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. 1 FEDERAL PERKINS 83 14411 GENERAL SCHOLARSHIPS & GRANTS 1109 607632 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 175000 0 0 0 22148 0 0 0 9303 0 206451 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.