American International College
- Assets
- $98.0m
- Revenue
- $85.2m
- Investments
- $27.3m
- Employees
- 1,052
- Location
- Springfield, MA
- Founding
- 11/1934
- Data as of
- 06/2021
- 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 06/2021, American International College employed 1,052 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 06/2021, American International College generated $85.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $77.8m during the year ending 06/2021. 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
2021
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 2,900 STUDENTS INCLUDING SCHOLARSHIPS AND AWARDS OF $32,538,586 INSTRUCTIONAL SERVICES OF $13,129,425, STUDENT SERVICES OF $11,250,509, LIBRARY SERVICES OF $917,490, AND OTHER EXPENSES OF $45,000.
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 |
|---|---|---|---|
Vincent M Maniaci President | Officer | 40 | $388,663 |
Melissa Nash Former VP Of Academic Affairs | 40 | $183,230 | |
Nicolle Cestero-Szewczyk Chief Operating Officer | Officer | 40 | $169,830 |
Marion Royston Chief Information Officer | Officer | 40 | $158,500 |
Karen S Rousseau Dean Of Health Sciences | 40 | $150,512 | |
Eric J Lang Men's Hockey Coach | 40 | $145,021 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G4s Secure Solutions Inc Security | 6/29/21 | $1,218,487 |
Michael's Limousine Service Shuttle | 6/29/21 | $368,259 |
Chartwells Food Services | 6/29/21 | $3,306,861 |
Sprinturf Athletics | 6/29/21 | $383,605 |
C&w Facility Services Inc Facilities Contract | 6/29/21 | $3,749,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $936 |
| Related organizations | $0 |
| Government grants | $6,985,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,174,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,160,674 |
| Total Program Service Revenue | $75,963,257 |
| Investment income | $104,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $179,750 |
| Net Income from Fundraising Events | $12,375 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,156,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,538,586 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,015,521 |
| Compensation of current officers, directors, key employees. | $1,432,181 |
| Compensation to disqualified persons | $17,033,311 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,008,805 |
| Payroll taxes | $1,326,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $203,755 |
| Fees for services: Accounting | $145,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,768,268 |
| Advertising and promotion | $511,375 |
| Office expenses | $712,750 |
| Information technology | $159,821 |
| Royalties | $0 |
| Occupancy | $4,820,412 |
| Travel | $196,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,599 |
| Interest | $635,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,446,387 |
| Insurance | $487,840 |
| All other expenses | $2,565,340 |
| Total functional expenses | $77,812,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,103,808 |
| Savings and temporary cash investments | $9,501,883 |
| Pledges and grants receivable | $324,237 |
| Accounts receivable, net | $4,623,412 |
| 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 | $796,000 |
| Net Land, buildings, and equipment | $46,370,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,257,471 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,977,130 |
| Accounts payable and accrued expenses | $6,023,420 |
| Grants payable | $0 |
| Deferred revenue | $1,090,351 |
| 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 | $26,109,292 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,075,408 |
| Total liabilities | $36,298,471 |
| Net assets without donor restrictions | $41,273,561 |
| Net assets with donor restrictions | $20,405,098 |
| 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 | $97,977,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American International College has recieved totaling $13,954.
| Awarding Organization | Amount |
|---|---|
Jessie J Patterson Trust 20 00 1383 0 Nect Shawmut 1st Bk & Tr Dallas, TX PURPOSE: SCHOLARSHIPS | $13,954 |
Endowment Analysis
| Beg. Balance | $20,058,783 |
| Earnings | $5,497,995 |
| Net Contributions | $301,039 |
| Grants | -$287,772 |
| Ending Balance | $25,570,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |