Academy Of International Business
- Assets
- $3.8m
- Revenue
- $934.9k
- Investments
- $0.0
- Employees
- 4
- Location
- East Lansing, MI
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 30-0876454
Organization Overview
Academy Of International Business is located in East Lansing, MI. The organization was established in 2015. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Academy Of International Business employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of International Business 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 12/2021, Academy Of International Business generated $934.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $676.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE CREATE, NURTURE, AND EMPOWER A GLOBAL COMMUNITY OF SCHOLARS FOCUSED ON CREATING, ADVANCING, AND DISSEMINATING KNOWLEDGE IN INTERNATIONAL BUSINESS RESEARCH, EDUCATION, POLICY, AND PRACTICE.
Describe the Organization's Program Activity:
FOR THE 2ND TIME, THE ACADEMY OF INTERNATIONAL BUSINESS HELD ITS ANNUAL CONFERENCE ENTIRELY ONLINE. AS THE PREMIER GLOBAL COMMUNITY OF INTERNATIONAL BUSINESS SCHOLARS, AIB USED THIS EVENT AS AN OPPORTUNITY TO INNOVATE THE WAYS RESEARCHERS CONNECT, SHARE KNOWLEDGE, AND EXPAND THEIR SKILLSETS. VISIT THE AIB 2021 ONLINE WEBPAGE FOR MORE INFORMATION. ALL PROGRAM DETAILS WITH INFORMATION ON PROGRAM, SCHOLARSHIPS, AWARDS, PHOTOS, AND MORE CAN BE FOUND AT: HTTPS://WWW.AIB.WORLD/EVENTS/2021/.
PRODUCED THE JOURNAL OF INTERNATIONAL BUSINESS STUDIES (JIBS). THE JOURNAL IS DISTRIBUTED TO AND BENEFITS ALL MEMBERS. THE JOURNAL IS PUBLISHED 9 TIMES PER YEAR. VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/JOURNAL-OF-INTERNATIONAL-BUSINESS-STUDIES/. JIBS'S ANNUAL DECADE AWARD COMMITTEE ANNOUNCED THE 2021 JIBS DECADE AWARD AS FOLLOWS: WINNER(S): CATHERINE WELCH, REBECCA PIEKKARI, EMMANUELLA PLAKOYIANNAKI AND ERIIKKA PAAVILAINEN-MNTYMKI ARTICLE: THEORISING FROM CASE STUDIES: TOWARDS A PLURALIST FUTURE FOR INTERNATIONAL BUSINESS RESEARCH.PRODUCED THE JOURNAL OF INTERNATIONAL BUSINESS POLICY (JIBP). THE JOURNAL IS DISTRIBUTED TO AND BENEFITS ALL MEMBERS. THE JOURNAL IS PUBLISHED 4 TIMES PER YEAR. FOR MORE DETAILED INFORMATION VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/JOURNAL-OF-INTERNATIONAL-BUSINESS-POLICY/
EDITED AND PUBLISHED THE AIB NEWSLETTER AND INSIGHTS QUARTERLY (PRINTED AND DISTRIBUTED TOGETHER). NEWSLETTER IS DISTRIBUTED TO ALL MEMBERS AND INCLUDES INFORMATION ABOUT ONGOING RESEARCH PROJECTS, EMPLOYMENT OPPORTUNITIES, NEW PUBLICATIONS, AND OTHER DEVELOPMENTS. FOR AIB NEWSLETTER VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/AIB-NEWSLETTER/. FOR AIB INSIGHTS VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/AIB-INSIGHTS/.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tunga Kiyak Executive Director | Officer | 35 | $85,519 |
Irem Kiyak Treasurer | Officer | 20 | $12,000 |
Jeremy Clegg President 20-21 | OfficerTrustee | 10 | $0 |
Rebecca Piekkari VP Program 20-21 | OfficerTrustee | 10 | $0 |
Gary Knight VP Program 20-21 | OfficerTrustee | 1 | $0 |
Farok Contractor President 21-22 | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,925 |
| Total Program Service Revenue | $842,148 |
| Investment income | $76,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,306 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,821 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,261 |
| Compensation of current officers, directors, key employees. | $112,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,932 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $167 |
| Information technology | $15,986 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,039 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,298 |
| All other expenses | $0 |
| Total functional expenses | $676,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,554 |
| Savings and temporary cash investments | $853,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $317,353 |
| 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 | $121,544 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,359,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,770,449 |
| Accounts payable and accrued expenses | $2,278 |
| Grants payable | $0 |
| Deferred revenue | $179,582 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $181,860 |
| Net assets without donor restrictions | $3,577,050 |
| Net assets with donor restrictions | $11,539 |
| 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 | $3,770,449 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Academy Of International Business has recieved totaling $14,500.
| Awarding Organization | Amount |
|---|---|
Jagdish And Madhuri Sheth Education Foundation Atlanta, GA PURPOSE: OPERATIONAL SUPPORT | $14,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Education Assn Columbus, OH | $181,547,317 | $62,723,391 |
Michigan Education Association East Lansing, MI | $91,378,134 | $59,426,267 |
Independent Colleges Of Indiana Inc Indianapolis, IN | $93,815,740 | $20,196,793 |
Ohio School Boards Association Columbus, OH | $19,022,558 | $9,269,056 |
South Carolina Center For Fathers And Families Cleveland, OH | $2,234,846 | $8,447,371 |
Ohio Society Of Certified Public Accountants Columbus, OH | $10,948,438 | $7,921,101 |
Charter School Of The Dunes Inc Gary, IN | $14,167,237 | $8,545,161 |
Wisconsin Education Association Council Madison, WI | $12,509,404 | $6,898,296 |
Indiana Association For The Education Of Children Inc Indianapolis, IN | $1,546,703 | $6,038,887 |
National Association Of College Stores Inc Oberlin, OH | $6,119,937 | $5,949,877 |
New Prairie United School Building Corporation New Carlisle, IN | $68,234,946 | $7,118,037 |
Council Of International Schools Inc Twinsburg, OH | $6,821,075 | $3,986,944 |