2014-07-14T16:31:07-05:00 2013-08-31 410746749 CLIFTONLARSONALLEN LLP 2700 WESTOWN PARKWAY STE 400 WEST DES MOINES IA 502661411 990 2012-09-01 420681067 AMERICAN INSTITUTE OF BUSINESS AMER 5152444221 2500 FLEUR DRIVE DES MOINES IA 50321 NANCY WILLIAMS 5152444221 2014-07-14 1 RONALD L HINTZ CPA P01060958 5152224400 2012 2015-11-30 17:44:51Z TIM HORSCH 2500 FLEUR DRIVE DES MOINES IA 50321 11738073 0 X WWW.AIB.EDU X 1921 IA EDUCATIONAL SERVICES 9 9 306 0 0 0 328695 433201 10367817 10353748 208991 165688 455938 764732 11361441 11717369 83218 184180 0 0 7024425 7696061 0 0 251557 3916862 4230521 11024505 12110762 336936 -393393 19588723 21551286 3029495 5385451 16559228 16165835 PROVIDE ASSOCIATE AND BACHELOR DEGREES AND DIPLOMA COURSES OF STUDY FOR STUDENTS SEEKING CAREERS IN BUSINESS. 0 0 5055260 160662 8139327 EXPENSES RELATED TO PROVIDING AN ACCREDITED EDUCATION TO THE STUDENTS OF AMERICAN INSTITUTE OF BUSINESS 789165 1293084 EXPENSES RELATED TO PROVIDING CAMPUS HOUSING FOR STUDENTS RECEIVING THEIR EDUCATION AT AMERICAN INSTITUTE OF BUSINESS 878232 23518 921337 EXPENSES RELATED TO AUXILLARY SERVICES FOR THE CONVENIENCE OF THE STUDENTS, INCLUDING BOOKSTORE AND TELEPHONE SERVICES 6722657 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 28 0 1 306 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 9 9 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 0.00 X 0 0 0 ROBERT LINK 0.00 X 0 0 0 ROLLIN DICK 0.00 X 0 0 0 ELIZABETH A NIGUT 0.00 X 0 0 0 TERRY PETERS 40.00 X 42543 0 7848 DAWN ROBERTS 40.00 X 43712 0 0 MICHAEL DISBRO MD 0.00 X 0 0 0 JOAN HITZEL 40.00 X 62382 0 3101 DENISE CODY 40.00 X 70743 0 4243 MARIA DAVIS 40.00 X 6687 0 2850 CHRIS COSTA 0.00 X 0 0 0 FRED BUIE 0.00 X 0 0 0 PAUL BROWN 0.00 X 0 0 0 RANDY FORBURGER 0.00 X 0 0 0 SHEILA TIPTON 0.00 X 0 0 0 CHARLES BETTS 0.00 X 0 0 0 DAVID CASTEN 0.00 X 0 0 0 PAULA CORREY 0.00 X 0 0 0 TERRY WILSON 40.00 X 84200 0 8388 MARGARET S CIGLEMAN 40.00 X 96207 0 9984 PAUL WINGET 40.00 X 84270 0 9506 CHRISTY ROLAND 40.00 X 87719 0 25496 CHRIS SCHMIDT 40.00 X 56960 0 19531 KIRK TROW 40.00 X 0 0 0 NANCY WILLIAMS 40.00 X 182821 0 10061 818244 0 101008 1 0 1 0 DUNCAN CONSTRUCTION 2974 120TH STREET VAN METER IA 50261 CONSTRUCTION FOR BUILDING REMODEL 265523 CENGAGE LEARNING PO BOX 95999 CHICAGO IL 606945999 TEXTBOOKS 262760 MBS TEXTBOOK EXCHANGE 2711 WEST ASH COLUMBIA MO 65203 TEXTBOOKS 238245 VITAL SUPPORT 11191 AURORA AVE URBANDALE IA 50322 CONTRACT LABOR - IT 173123 ARCHITECTURAL WALL 6601 WESTOWN PKWY 100 WEST DES MOINES IA 50266 WINDOWS FOR BUILDING REMODEL 163826 9 135036 114276 183889 433201 TUITION AND FEES 611710 8139327 8139327 DORMITORY FEES 611710 1293084 1293084 ACTIVITY FEES; BOOKSTORE 611710 793602 793602 EXT HOUSING, FEES 611710 127735 127735 10353748 165688 165688 20704 135036 20704 0 INVESTMENT UNREALIZED GAINS/LOSSE 611710 764732 764732 764732 11717369 10353748 0 930420 184180 184180 6513246 4722456 1620590 170200 157263 121928 35335 588457 408888 147684 31885 437095 333715 89580 13800 31246 31246 57900 57900 334843 334843 171680 139119 32561 42957 33875 9082 17692 17692 881980 69979 812001 164428 9885 154543 OTHER 605430 326026 243732 35672 COST OF GOODS SOLD 546589 546589 EQUIPMENT RENTAL & MAIN 484741 80484 404257 UTILITIES 427404 100380 327024 463631 191742 271889 12110762 6722657 5136548 251557 722100 336965 251344 300665 812276 749853 197963 383966 189637 232688 28726413 18963841 9734098 9762572 7038444 7958743 67141 67342 575720 1758492 19588723 21551286 748286 936024 901958 914011 959275 252440 350000 1200000 2000000 69976 82976 3029495 5385451 X 16083196 15823290 400662 267175 75370 75370 16559228 16165835 19588723 21551286 -393393 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 3399 3399 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: A PORTION OF DUES PAID TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IS DEEMED TO BE FOR LOBBYING PURPOSES. 7238883 917312 8156195 6593929 644951 7238883 5767065 826864 6593929 6740961 -973896 5767065 8811891 -2070930 6740961 0 0 825685 825685 19697335 11836868 7860467 8203393 7126973 1076420 9762572 CSV OF LIFE INSURANCE 450000 CONSTRUCTION IN PROGRESS 1308492 1758492 REFUNDABLE DEPOSITS 82976 82976 11850850 133481 133481 11717369 0 11717369 12110762 0 12110762 0 12110762 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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) 133,481. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ADVERTISING AND ADMISSION POLICIES INCLUDE NONDISCRIMINATORY POLICY EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 87 23518 GENERAL SCHOLARSHIPS & GRANTS 1011 160662 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 182821 0 0 0 0 0 0 0 10061 0 192882 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.