2023-11-03T09:16:12-05:00 2022-12-31 050568611 SALMON SIMS THOMAS & ASSOCIATES PLLC 12720 HILLCREST ROAD SUITE 500 DALLAS TX 752302039 990 2022-01-01 821730615 THE ART INSTITUTE OF ATLANTA AII LLC ARTI 4125881685 6600 PEACHTREE DUNWOODY RD ATLANTA GA 30328 DENIS YEVSTIFEYEV CFO 4125881685 2023-11-03 1 DENIS YEVSTIFEYEV 999009999 0 WILLIAM H SIMS P00004539 9723921143 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DENIS YEVSTIFEYEV 6600 PEACHTREE DUNWOODY RD ATLANTA GA 30328 18558084 0 X WWW. ARTINSTITUTES.EDU X LLC 2017 GA THE ART INSTITUTE OF ATLANTA AII, LLC IS A PRIVATE MULTI-CAMPUS COLLEGE OF CREATIVE PROFESSIONAL STUDIES. WE PREPARE STUDENTS FOR CAREERS IN DESIGN, MEDIA ARTS, CULINARY ARTS, AND MANAGEMENT IN CREATIVE FIELDS BY PROVIDING AN EDUCATIONAL ENVIRONMENT, CONSISTENT WITH EVOLVING TECHNOLOGIES AND THE GLOBAL MARKETPLACE. OUR SUCCESS IS MEASURED BY OUR ABILITY TO:- PROVIDE A COMPREHENSIVE CURRICULUM THAT INTEGRATES CONCEPTUAL, ANALYTICAL, AND TECHNICAL SKILLS;- OFFER EDUCATION BY QUALIFIED PROFESSIONALS; AND- ASSIST AND PREPARE STUDENTS FOR CAREER ENTRY, PLACEMENT, AND GROWTH IN THEIR RESPECTIVE FIELDS. 7 6 124 1 0 0 5636161 5823501 16415476 12702611 4338 6450 1203227 25056 23259202 18557618 2869216 3134313 0 0 3931332 2459445 0 0 0 17862088 15177288 24662636 20771046 -1403434 -2213428 7107857 21343840 4066857 20516268 3041000 827572 X THE ART INSTITUTE OF ATLANTA AII, LLC IS A PRIVATE MULTI-CAMPUS COLLEGE OF CREATIVE PROFESSIONAL STUDIES. WE PREPARE STUDENTS FOR CAREERS IN DESIGN, MEDIA ARTS, CULINARY ARTS, AND MANAGEMENT IN CREATIVE FIELDS BY PROVIDING AN EDUCATIONAL ENVIRONMENT, CONSISTENT WITH EVOLVING TECHNOLOGIES AND THE GLOBAL MARKETPLACE. OUR SUCCESS IS MEASURED BY OUR ABILITY TO:- PROVIDE A COMPREHENSIVE CURRICULUM THAT INTEGRATES CONCEPTUAL, ANALYTICAL, AND TECHNICAL SKILLS;- OFFER EDUCATION BY QUALIFIED PROFESSIONALS; AND- ASSIST AND PREPARE STUDENTS FOR CAREER ENTRY, PLACEMENT, AND GROWTH IN THEIR RESPECTIVE FIELDS. 0 0 7206352 3134313 12720551 THIS ENTITY IS AN INSTITUTION OF HIGHER EDUCATION THAT OFFERS ACADEMIC PROGRAMS AND CERTIFICATES IN THE FIELDS OF CULINARY, FASHION, MEDIA, AND DESIGN. ALL PROGRAMS ARE ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). THE INSTITUTION IS COMMITTED TO ACADEMIC QUALITY AND STUDENT SUCCESS. FACULTY UTILIZE STATE-OF-THE-ART TECHNOLOGY TO ENSURE GRADUATES RECEIVE INDUSTRY-RELEVANT SKILLS AND TRAINING. DURING THE PERIOD, THE AVERAGE MONTHLY ENROLLMENT WAS 494 STUDENTS WITH 113 STUDENTS GRADUATING. 7206352 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 124 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X DENIS YEVSTIFEYEV 4125881685 6600 PEACHTREE DUNWOODY RD ATLANTA GA 30328 GERALD FRANCESE FORMER CHAIRMAN OF THE BOARD 0.10 1.85 X 0 0 0 CLAUDE H BROWN TRUSTEE 5.00 45.00 X X 0 316108 10964 JANET DAY TRUSTEE 1.00 1.00 X 0 1800 0 CHRISTOPHER BEVANS SECRETARY TRUSTEE 1.00 1.00 X X 0 1800 0 DR CALVIN BROWN INTERIM CHAIR/TRUSTEE 1.00 1.00 X X 0 1800 0 ALLISON BALLARD TRUSTEE/INTERIM CHAIR 1.00 1.00 X 0 1800 0 TRAY CROW TRUSTEE 1.00 1.00 X 0 1800 0 PHILLANA WILLIAMS TRUSTEE 1.00 1.00 X 0 1800 0 DENIS YEVSTIFEYEV CHIEF FINANCIAL OFFICER 5.00 45.00 X 0 224514 481 WENDY BAKER GENERAL COUNSEL 5.00 45.00 X 0 209948 6995 ELDEN MONDAY INTERIM SCHOOL PRESIDENT 1.00 45.00 X 0 230841 16711 0 992211 35151 0 0 1 0 THE ARTS INSTITUTES INTERNATIONAL LLC 6600 PEACHTREE DUNWOODY RD ATLANTA GA 30328 ADVERTISING, OTHER CORPORATE ALLOCATIONS 7696165 ROC III FAIRLEAD EMBASSY 5 CONCOURSE PARKWAY SUITE 500 ATLANTA GA 30328 RENT 3856233 2 5605693 217763 45 5823501 TUITION AND FEES 611600 12701901 12701901 SALES OF AUXILIARY ENTERPRISES 611600 710 710 12702611 1568 1568 4882 0 4882 4882 4882 7582 466 7116 7116 OTHER REVENUE 611600 17940 17940 17940 18557618 12720551 0 13566 X 1381597 1381597 1752716 1752716 2127084 2127084 149603 149603 182758 182758 345 345 1218 1218 6887425 853297 6034128 1035967 1035967 631348 479452 151896 201196 201196 4092293 1370 4090923 29033 29033 2452 2452 484329 484329 44231 44231 BAD DEBT 1767451 1767451 20771046 7206352 13564694 0 6519 10311 59288 41879 4233519 3892723 134447 100259 3980694 3310769 1151670 669925 1522414 16628743 7107857 21343840 261230 156393 514970 203345 3290657 20156530 4066857 20516268 X 3041000 827572 3041000 827572 7107857 21343840 -2213428 0 X 0 1 X 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1721350 1410166 311184 1891419 1567085 324334 367925 333518 34407 669925 PERKINS RESERVE 22414 OPERATING LEASE ASSETS 16606329 16628743 DEFERRED RENT 468813 ADVANCE PAYMENTS 1797130 OPERATING LEASE OBLIGATIONS 17890587 20156530 X PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC WHEREBY ONLY UNRELATED BUSINESS INCOME AS DEFINED BY SECTION 512(A)(F) OF THE IRC IS SUBJECT TO FEDERAL INCOME TAX. THERE WAS NO SIGNIFICANT UNRELATED BUSINESS INCOME FOR THE PERIOD ENDED DECEMBER 31, 2022. ACCORDINGLY, NO PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES IS RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE ENTITY ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SINCE THE SCHOOL : (1) DRAWS ITS STUDENTS FROM AN EXTENSIVE AREA, MORE THAN THE LOCAL COMMUNITY, AND (2) FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO THEIR STUDENTS, WE SATISFY THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF OU RACIALLY NONDISCRIMINATORY POLICY IN ALL OUR BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. ALSO, WE INCLUDE A REFERENCE TO OUR RACIALLY NONDISCRIMINATORY POLICY ON OUR WEBSITE AND IN OTHER WRITTEN ADVERTISING THAT WE USE TO INFORM PROSPECTIVE STUDENTS OF OUR PROGRAMS. SCHEDULE E, PART I, LINE 6 THE ART INSTITUTE OF ATLANTA PARTICIPATES IN U.S. DEPARTMENT OF EDUCATION PROGRAMS INCLUDING: - FEDERAL DIRECT STUDENT LOANS - FEDERAL PELL GRANT PROGRAM - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS - FEDERAL WORK-STUDY PROGRAM - FEDERAL CARES ACT THE ORGANIZATION ALSO PARTICIPATES IN POST 9/11 VETERAN EDUCATION ASSISTANCE. 1 THE ART INSTITUTE OF VIRGINIA BEACH 4500 MAIN STREET TWO COLUMBUS CTR VIRGINIA BEACH VA 23462 821841799 501(C)(3) 1381597 0 SUPPORT 1 GRANTS SCHOLARSHIPS & AID 644 1752716 PART I, LINE 2: THE SCHOOL AWARDS GRANTS BASED UPON THE FOLLOWING: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED ON MERIT AND FINANCIAL NEED. THE FINANCIAL AID OFFICE AND BUSINESS OFFICE MAINTAIN RECORDS ON WHAT STUDENTS ARE AWARDED, AND THE FINANCIAL OFFICE HAS SPECIFIC CRITERIA THAT MUST BE FOLLOWED IN AWARDING AID TO STUDENTS. THE CRITERIA FOR AWARDING AID IS DOCUMENTED BY THE FINANCIAL AID OFFICE. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X X 0 0 0 0 0 0 0 0 0 CLAUDE H BROWN TRUSTEE 0 316108 0 0 0 0 0 0 0 10964 0 327072 0 0 ELDEN MONDAY INTERIM SCHOOL PRESIDENT 0 230841 0 0 0 0 0 0 0 16711 0 247552 0 0 DENIS YEVSTIFEYEV CHIEF FINANCIAL OFFICER 0 224514 0 0 0 0 0 0 0 481 0 224995 0 0 WENDY BAKER GENERAL COUNSEL 0 209948 0 0 0 0 0 0 0 6995 0 216943 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED AS OF JANUARY 26, 2023 TO REMOVE ANY WORDING RELATED TO DIRECTORS/TRUSTEES BEING PAID AN HONORIAUM FOR ATTENDING BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER HAS THE POWER TO APPOINT THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, BUT GRANTS THE ORGANIZATION'S GOVERNING BODY THE GENERAL AUTHORITY TO CONDUCT THE BUSINESS OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE POWER TO APPOINT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER GRANTS THE ORGANIZATION'S GOVERNING BODY THE GENERAL AUTHORITY TO CONDUCT THE BUSINESS OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY CURRENT CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHOULD ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE ORGANIZATION OPERATES ON A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEW SHOULD BE CONDUCTED AT LEAST ANNUALLY. THE PERIODIC REVIEW SHOULD, AT MINIMUM, INCLUDE (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING; AND (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT CORPORATIONS CONFIRM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL - THE BOARD DEVELOPS THE COMPENSATION ARRANGEMENTS FOR CHIEF EMPLOYED EXECUTIVES. THE ARRANGEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OR DELEGATED COMMITTEE OF THE BOARD. THE PROCESS UTILIZES IMPARTIAL DECISION MAKERS, COMPARABILITY DATA, AND CONCURRENT DOCUMENTATION IN SETTING COMPENSATION. COMPENSATION PROCESS FOR OFFICERS - THE BOARD DEVELOPS THE COMPENSATION ARRANGEMENTS FOR OFFICERS AND KEY EMPLOYEES. THE ARRANGEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OR DELEGATED COMMITTEE OF THE BOARD. THE PROCESS UTILIZES IMPARTIAL DECISION MAKERS, COMPARABILITY DATA, AND CONCURRENT DOCUMENTATION IN SETTING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROF FEES: PROGRAM SERVICE EXPENSES 853,297. MANAGEMENT AND GENERAL EXPENSES 6,034,128. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,887,425. PART I, LINE 5 & PART V, LINES 2A & 2B: THE W-2'S FOR EMPLOYEES OF THE ART INSTITUTE OF ATLANTA AII, LLC ARE ISSUED BY A PROFESSIONAL EMPLOYER ORGANIZATION (PEO). IN 2022, THE ART INSTITUTE OF ATLANTA AII, LLC USED G&A OUTSOURCING, LLC AS PEO. A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) PROVIDES OUTSOURCING OF PAYROLL, WORKER'S COMPENSATION, HUMAN RESOURCES AND EMPLOYEE BENEFITS ADMINISTRATION. IT DOES THIS BY HIRING A CLIENT COMPANY'S EMPLOYEES, THUS BECOMING THEIR EMPLOYER OF RECORD. IT THEN LEASES THEM BACK UNDER CONTRACT TO THE ORIGINAL EMPLOYER. THIS PRACTICE IS KNOWN AS CO-EMPLOYMENT, EMPLOYEE LEASING, OR STAFF LEASING. THE EMPLOYEES OF THE ART INSTITUTE OF ATLANTA AII, LLC ARE REPORTED AS EMPLOYEES OF G&A OUTSOURCING, LLC ON THE OFFICIAL PAYROLL TAX RETURNS. THE ART INSTITUTE OF ATLANTA AII, LLC HAS REPORTED THE NUMBER OF EMPLOYEES WHO ARE PAID THROUGH THE PEO IN PART V, LINE 2A. PART V, SECTION B, LINE 1 ALL 1099'S ARE ISSUED BY THE PARENT ORGANIZATION, THE ARTS INSTITUTES INTERNATIONAL, LLC. EDUCATION PRINCIPLE FOUNDATION 888 SEVENTH AVE 29TH FLOOR NEW YORK NY 10106 464265864 EDUCATION DE 501(C)(3) PF 0 THE ARTS INSTITUTES INTERNATIONAL LLC 6600 PEACHTREE DUNWOODY ATLANTA GA 30328 815126041 EDUCATION PA 501(C)(3) LINE 2 EPF 0 MIAMI INTERNATIONAL UNIVERSITY OF ART & DESIGN LLC 1501 BISCAYNE BLVD MIAMI FL 33132 821491664 EDUCATION FL 501(C)(3) LINE 2 AII 0 THE ART INSTITUTE OF HOUSTON LLC 4140 SOUTHWEST FREEWAY HOUSTON TX 77027 815166672 EDUCATION TX 501(C)(3) LINE 2 AII 0 THE ART INSTITUTE OF DALLAS AII LLC 8080 PARK LANE SUITE 100 DALLAS TX 75231 821669380 EDUCATION TX 501(C)(3) LINE 2 MIA 0 AID RESTAURANT AII LLC 8080 PARK LANE SUITE 100 DALLAS TX 75231 821700204 EDUCATION TX 501(C)(3) LINE 2 DAL 0 THE ART INSTITUTE OF TAMPA LLC 4401 NORTH HIMES AVENUE TAMPA FL 33614 821504077 EDUCATION FL 501(C)(3) LINE 2 MIA 0 AITAMPA RESTAURANT LLC 4401 NORTH HIMES AVENUE TAMPA FL 33614 821639441 EDUCATION FL 501(C)(3) LINE 2 TAM 0 THE ART INSTITUTE OF VIRGINIA BEACH 4500 MAIN STREET TWO COLUMBUS CTR VIRGINIA BEACH VA 23462 821841799 EDUCATION VA 501(C)(3) LINE 2 ATL 0 THE ART INSTITUTE OF SAN ANTONIO AII LLC 10000 IH-10 WEST SUITE 200 SAN ANTONIO TX 78230 821669287 EDUCATION TX 501(C)(3) LINE 2 HOU 0 THE ART INSTITUTE OF AUSTIN AII LLC 921 MAIN STREET BASTROP TX 78602 821669178 EDUCATION TX 501(C)(3) LINE 2 HOU 0 AIH RESTAURANT LLC 4140 SOUTHWEST FREEWAY HOUSTON TX 77027 821632470 EDUCATION TX 501(C)(3) LINE 2 HOU 0 SOUTH UNIVERSITY - MEMBER LLC 709 MALL BOULEVARD SAVANNAH GA 31406 815128459 EDUCATION AZ 501(C)(3) LINE 2 EPF 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 THE ARTS INSTITUTES INTERNATIONAL LLC C 5605693 CASH THE ARTS INSTITUTES INTERNATIONAL LLC M 7696165 CASH THE ART INSTITUTE OF VIRGINIA BEACH B 1381597 CASH