American International College
- Assets
- $91.4m
- Revenue
- $85.7m
- Investments
- $29.4m
- Employees
- 867
- Location
- Springfield, MA
- Founding
- 11/1934
- Data as of
- 06/2022
- EIN
- 04-2103701
Organization Overview
American International College is located in Springfield, MA. The organization was established in 1934. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, American International College employed 867 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American International College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, American International College generated $85.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $85.4m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: PROGRAM SERVICE ACTIVITIES RELATED TO THE INSTITUTION'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,200 STUDENTS INCLUDING SCHOLARSHIPS AND AWARDS OF $34,075,741, INSTRUCTIONAL SERVICES OF $12,960,812 STUDENT SERVICES OF $16,900,256, AND LIBRARY SERVICES OF $978,420.
HIGHER EDUCATION: AUXILIARY SERVICES ARE PROVIDED AS AN INTEGRAL PART OF THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Colaccino Chair | Trustee | 4 | $0 |
Timothy J Regan II Vice Chair | Trustee | 4 | $0 |
A Craig Brown Treasurer | Trustee | 4 | $0 |
Ronald J Abdow Trustee | Trustee | 4 | $0 |
Deborah A Bitsoli Trustee | Trustee | 1 | $0 |
James A Calhoun Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Services | 6/29/22 | $6,210,980 |
C & W Facility Services Inc Facilities Contract | 6/29/22 | $4,308,708 |
Allied Universal Security Services Security | 6/29/22 | $1,515,705 |
Ebsco Information Services Journals | 6/29/22 | $524,572 |
G4s Secure Solutions Inc Security | 6/29/22 | $524,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,057 |
| Related organizations | $0 |
| Government grants | $7,507,512 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,536,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,050,676 |
| Total Program Service Revenue | $74,604,169 |
| Investment income | $26,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $525,564 |
| Net Income from Fundraising Events | $11,003 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,683,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,075,741 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,032,700 |
| Compensation of current officers, directors, key employees. | $1,094,207 |
| Compensation to disqualified persons | $18,377,099 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,633,120 |
| Payroll taxes | $1,383,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180,526 |
| Fees for services: Accounting | $134,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,458,498 |
| Advertising and promotion | $439,416 |
| Office expenses | $413,097 |
| Information technology | $138,693 |
| Royalties | $0 |
| Occupancy | $5,168,213 |
| Travel | $534,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,594 |
| Interest | $578,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,451,615 |
| Insurance | $571,616 |
| All other expenses | $2,363,978 |
| Total functional expenses | $85,367,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,978,070 |
| Savings and temporary cash investments | $3,812,143 |
| Pledges and grants receivable | $254,678 |
| Accounts receivable, net | $2,491,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,471,083 |
| Net Land, buildings, and equipment | $44,002,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,368,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,378,596 |
| Accounts payable and accrued expenses | $5,444,790 |
| Grants payable | $0 |
| Deferred revenue | $1,089,443 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,169,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,696,783 |
| Total liabilities | $33,400,681 |
| Net assets without donor restrictions | $40,728,993 |
| Net assets with donor restrictions | $17,248,922 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $91,378,596 |