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American Institute Of Business

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420681067 ✦ Des moines, IA ✦ Designated as a 501(c)(3)

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Overview

What is American Institute Of Business?

The American Institute of Business was an educational organization dedicated to offering associate, bachelor's degrees, and diploma courses to students pursuing careers in business. Based in Des Moines, Iowa, the institute provided valuable educational services until its operations ceased on June 30, 2016, as stipulated by an agreement with the University of Iowa. During its active years, the institute played a crucial role in offering accredited education to its students, incurring related expenses in the process.

Is American Institute Of Business legitimate?

American Institute Of Business is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Institute Of Business submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $83,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of American Institute Of Business?

The American Institute of Business' mission, prior to its closure in 2016, was centered around providing educational services. Specifically, it offered associate, bachelor's degrees, and diploma courses aimed at preparing students for careers in business. The institute aimed to contribute significantly to the field of business education, playing a crucial role in shaping the careers of its students. However, following a gift agreement with the University of Iowa, the institute ceased operations by June 30, 2016, and incurred expenses related to the services it had provided to its students as part of their accredited education.

Who is the CEO of American Institute Of Business?

Nancy Williams is the Trustee of American Institute Of Business.

What is the revenue of American Institute Of Business?

American Institute Of Business's revenue in 2020 was $11,700.

Who are the executives of American Institute Of Business and what are their salaries?


Here are 4 key members and their salaries:


Chris Costa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Brown (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Forburger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Williams (President)
  • Compensation: $83,333
  • Related: $0
  • Other: $0
Where can I find the form 990 for American Institute Of Business?

American Institute Of Business's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of American Institute Of Business

The American Institute of Business, an educational organization, was dedicated to providing associate, bachelor's degrees, and diploma courses of study for students aiming to establish careers in business. Its mission was to empower individuals by offering them an accredited education, thereby equipping them with the necessary skills for the business world. Regrettably, as per information available, the American Institute of Business ceased operations on June 30, 2016, following the terms of a gift agreement with the University of Iowa. Despite this, it is noteworthy that in the process of winding down its operations, the American Institute of Business incurred expenses related to the services it had provided to its students as part of their accredited education.

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Impact




October, 2024

The American Institute Of Business had a significant impact on the educational landscape, providing valuable educational services to students aspiring for careers in business. Through its offerings of associate and bachelor degrees, as well as diploma courses, it equipped numerous individuals with the knowledge and skills necessary to thrive in the business world. Although the institution ceased operations on June 30, 2016, following a gift agreement with the University of Iowa, its legacy continues through the foundational education it provided to its students. The winding down of its operations was accompanied by expenses related to maintaining the quality of education until the transition was complete, ensuring that students received the benefits of their accredited programs. The institution played a crucial role in shaping the academic and professional journeys of many in Des Moines, Iowa, and beyond.




This information is meant to be a general summary of American Institute Of Business. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,700 (2020)
Expenses
$105,726 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $11,700
  • Gross Receipts: $11,700

Assets and Liabilities:

  • Total Assets: $1,059,884
  • Total Liabilities: $0
  • Net Assets: $1,059,884

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Organization Details

Founding Year

1921

Principal Officer

Nancy Williams

Main Address

PO BOX 1392, DES MOINES, IA, 50305

NTEE Category

Code: B41Z - Education

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