2024-05-07T19:32:33-07:00 2023-06-30 990 2022-07-01 272990527 ACADEMY OF INTERACTIVE ENTERTAINMENT ACAD 3372056604 537 Cajundome Boulevard Suite 211 Lafayette LA 705064293 Victoria De Margheriti Vice President 3372056604 2024-05-07 Victoria De Margheriti 999009999 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Victoria De Margheriti 537 Cajundome Boulevard Ste 211 Lafayette LA 705064293 1305948 0 X https://lafayette.aie.edu/ X 2010 LA The corporation is organized and operated exclusively for charitable purposes within the meaning of Internal Revenue Code section 501 (c) (3), including educational purposes. The purposes of this corporation shall include offering certificate programs and Associates of Occupational Studies (AOS) degrees in computer game development (both in 3D animation and programming), 3D animation for film, TV, visualization and associated industries. AIE - LA was formed to address the needs in Louisiana for a well-rounded vocational education resulting in a Certificate/Advanced Diploma and AOS in game software design, production and 3D animation that apply to video game development, and also the need for the establishment of standards and practices in the fields of video game quality assurance and video game production. 2 2 26 0 0 0 290172 6000 1832763 1294929 394 4657 11350 362 2134679 1305948 64473 44016 0 0 919159 949923 0 0 0 1084512 785773 2068144 1779712 66535 -473764 1369220 1002429 31021 137994 1338199 864435 AIE trains students for employment and career opportunities in 3D animation, game development, and related fields through the provision of world class education as well as acting as a catalyst to build these industries. 0 0 1276932 44016 1278981 The Academy of Interactive Entertainment - LA (AIE - LA) was founded in 2010 to provide world-class education in 3D animation, game programming, and digital visual effects. AIE - LA offers three certificate programs and three Associates in Occupational Studies (AOS), including: 1. Advanced Diploma of Professional Game Development - Game Art & Animation (CIP Code 11.0803). 2. Advanced Diploma of Professional Game Development - Game Programming (CIP Code 11.0804). 3. Advanced Diploma of Screen and Media - 3D Animation & VFX for Film (CIP Code 10.0304). 4. The AOS adds a fifth semester in which general education classes are taught. The AOS is a concise, comprehensive, and intensive five-semester career track providing students with skills necessary to obtain an entry level position in the gaming industry. AIE believes that adding the AOS to its offered programs will add value to a student's training and produce a better prepared job candidate. Students earn a technical Associates Degree upon completion of the general education studies. All courses were developed to support industry needs, driven by extensive consultation with local and international game development studios and visual effects professionals. Each program includes a two-year full-time course, providing individual and team centric training in the processes of developing the competencies and skills necessary to gain employment with game and film studios, related industries, and the development of graduates' independent games. In academic year 2020-2021, AIE - LA had 66 students enrolled in its courses. Game artists design the environments, create the characters and craft the vehicles for the games that you love to play. They can specialize in modeling, texturing, animation, and level design. Game art development is a dynamic medium to showcase creative ability. Students work with other artists and programmers to design and create their own unique entertainment experiences using cutting-edge game technology. Game programmers drive the game development process, creating the framework, functionality, and interaction in the game. As the essential ingredient in the development process, game programmers are highly valued and in high demand. In contrast to Game Art, 3D Animation & VFX for Film students acquire skills necessary to develop exciting careers in game development, film, and TV. It is a practical course designed to give students top-tier technical training to work as 3D artists using the latest state-of-the-art technology. 0 0 15948 During the fiscal year, AIE - LA delivered 5 weeks of Summer Camps to high school students and 7 weeks of game industry introductory courses to persons interested in the school's programs. In Addition, AIE - LA in partnership with private industry made summer camps available to students entering grades 9 through 12 off-campus. Summer Camps and Short Courses are designed to provide a basic insight to those seeking knowledge in 3D animation and computer programing for video games. Camps and Short Courses are one week in length and promote school exposure to the community it serves and is an introduction to courses students will enjoy at the college level. Successful Summer Camps are important to the school's purpose and mission as they are often the first contact students have with the school and its staff. 0 0 0 1276932 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 94 0 1 26 1 0 0 0 0 0 0 0 0 X 2 2 1 0 0 0 1 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 X X X Academy of Interactive Entertainment Daniel Franks 2064286352 305 Harrison Street Armory suite 405 Seattle WA 981094623 Robin Couvillon Head of School 40 0 X 125789 0 0 Romi Kanda Controller 40 0 X X 0 112060 0 Joel Younker Controller - U.S. Operations 40 0 X X 0 15814 0 Daniel Franks Financial Controller 40 0 X 0 4904 0 John De Margheriti President and Treasurer 40 0 X 0 0 0 Victoria De Margheriti Vice President and Secretary 40 0 X 0 0 0 125789 132778 0 1 1 0 0 0 0 0 0 0 6000 0 0 6000 Tuition and fees 611310 1294929 1294929 0 0 0 0 0 0 1294929 4657 4657 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 362 362 0 0 362 1305948 1299948 0 0 44016 44016 112067 112067 837856 539843 298013 138369 117614 20755 69868 37053 32815 129872 128955 917 11297 2576 8721 92307 92055 252 289 289 155145 65145 90000 7306 7233 73 14829 14829 Bad Debts 80614 80614 0 0 Bank Fees 3227 0 3227 0 Taxes & Licenses 8463 0 8463 0 74187 49761 24426 1779712 1276932 502780 0 1196058 960942 99603 24528 25376 12656 248565 244262 48183 4303 1369220 1002429 69924 64739 11214 39115 -50117 34140 31021 137994 X 1338199 864435 0 0 1338199 864435 1369220 1002429 -473764 0 0 0 0 0 X 0 1 X 1 1 1 X 0 0 0 0 0 0 0 2503 0 2503 0 240722 0 236419 4303 5340 0 5340 0 4303 Due to related party 34140 34140 X 1261932 0 0 0 0 0 1261932 0 44016 44016 1305948 1735696 0 0 0 0 0 1735696 0 44016 44016 1779712 Schedule D, Part X, Line 2 The Organization is exempt from federal income taxes under Section 501 ( c )(3) of the U.S. Internal Revenue Code (IRS) and from state income taxes under similar provisions of the Washington and Louisiana Income Tax Codes. The Organization could be liable for unrelated business income tax, should it have any income from trade or business activities regularly carried on that are unrelated to the purposes for which it was granted tax exemption. Management does not believe the Organization has any unrelated business income. U.S. GAAP requires the Organization's management to evaluate tax positions taken by the Organization and recognize a tax liability if the Organization has taken an uncertain position that more likely than not would be sustained upon examination by the Internal Revenue Service (IRS). The Organization has analyzed the tax positions taken by the Organization, and believes there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. U.S. GAAP also requires that all entities disclose the years for which its tax returns remain open for examination by the IRS. The IRS does not require the Organization to file tax returns on Form 990, "Return of Organization Exempt from Income Tax". However, the IRS could audit the Organization; should this occur, presumably the IRS would do so with respect to years no earlier than 2019. Schedule D, Part XI, Line 4b The following expense amount has been netted against gross revenue presented in 990 Part VIII Line 12: 44016 in scholarships awarded. Schedule D, Part XII, Line 4b The following expense amount has been netted against total expenses presented in 990 Part IX Line 25 Column A: 44016 in scholarships awarded. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Academy of Interactive Entertainment - LA published its nondiscriminatory policy in accordance with IRC 501(c)(3) requirements in The Daily Advertiser. The Daily Advertiser is widely circulated in the community served by AIE - LA. The policy was last published in June 15-17. It is also available on our website at: https://aie.edu/about-us/nondiscrimination/ Schedule E, Part I, Line 6 AIE - LA is a post-secondary two-year college Accredited under a decision made by the Council on Occupational Education (COE) on February 22, 2016. Additionally, AIE - LA is authorized by the Department of Education (ED) to administer Federal Financial Aid for its students. As such, AIE- LA received Federal Financial Aid in the form of Direct Loans, PELL Grants and Campus Based Funding (SEOG Grants) on behalf of its students. Funds were credited to student accounts throughout the fiscal year in accordance with regulation set forth by the ED. 1 East Asia and the Pacific 7 Program Services The AIE, Ltd. provides AIE - LA with IT, Marketing, Curricular, Bundled Software Licensing, and accounting support. In accordance with a decision made by the Board of Directors, AIE - LA reimburses The AIE, Ltd. for its share of these expenses on an annual and semi-annual basis. Marketing cost 20696; Staff cost 44448; Software cost 38577. 103721 0 7 103721 1 0 0 0 0 0 Schedule F, Part I, Line 2 The AIE,Ltd. and AIE-LA have a shared Board of Directors, limited to John De Margheriti and Victoria De Margheriti. These persons monitor the spending of the funds in accordance with Board Resolution dated April 28,2021. John De Margheriti, President and Treasurer and Victoria De Margheriti, Vice President and Secretary, and whom are the Board of Directors of AIE-LA operate from the campus of The AIE-Ltd. in Canberra, Australia. Schedule F, Part I, Line 3 AIE-LA uses the accrual method of accounting. Liabilities accrued on June 30,2023 were paid to The AIE,Ltd. during the following year 1 Tuition reduction and Campus Based Funding (SEOG matching). 34 2772 44016 Actual Amount Awarded Tuition Reduction Schedule I, Part I, Line 2 AIE - LA provides non-cash grants to its scholarship recipients. Scholarships are awarded to both first and second-year students in the form of reduced tuition, generally to those with the highest need. Grant/scholarship funds are tracked on the scholarship spreadsheet. This spreadsheet is maintained and monitored by the Financial Aid Administrator, Financial Controller - U.S. Operations, and CFO. Approved/Awarded scholarship information is also recorded in the Student Payment Record spreadsheet, accounting software, and academic software, where it is applied to the student's invoice/ledger reducing the tuition balance. These systems are regularly monitored by the Financial Aid Administrator, Financial Controller - U.S. Operations, and CFO. Schedule I, Part III AIE - LA provides school scholarships in the forms of tuition reduction to assist students with the highest need and other unfortunate circumstances. Additionally, AIE - LA is obligated to contribute 25% of the amount received under the Campus Based Funding (FSEOG)program. 0 0 0 0 0 0 0 0 0 Romi Kanda Controller 0 112060 0 0 0 0 0 0 0 0 0 112060 0 Joel Younker Controller - U.S. Operations 0 15814 0 0 0 0 0 0 0 0 0 15814 0 135784 Form 990, Part VI, Section A, Line 2 John De Margheriti, President and Treasurer and Vicki De Margheriti, Vice President and Secretary are Husband and Wife. Form 990, Part VI, Section A, Line 6 The organization has two members. Members include John De Margheriti, President and Treasurer, and Victoria De Margheriti, Vice President and Secretary Form 990, Part VI, Section A, Line 9 John De Margheriti - 49 Phillip Avenue, Watson ACT 2602, Australia. Vicki De Margheriti - 49 Phillip Avenue, Watson ACT 2602, Australia; or, by phone at +61 2 6162 5131. Form 990, Part VI, Section B, Line 11b Form 990 is prepared internally by the Financial Controller - US Operations using the Urban Institute's "Form 990 Online" system. When a draft of Form 990 is completed, it is transferred to an independent Certified Public Accounting firm for review. The independent CPA provides feedback to the Staff Accountant for any necessary correction and may make certain applicable corrections himself. Once the independent CPA has completed the review, a final copy is provided to the Board of Directors for review and filing approval. The Board of Directors reviews the financial and narrative information provided in Form 990 and its relevant attachments. The board ensures that the information provided complies with the organizations mission and its tax-exempt purpose. Any errors identified are sent back to the CPA and Financial Controller - US Operations for correction and final review is conducted prior to filing with the Internal Revenue Service. Form 990, Part VI, Section B, Line 12c A. Duty to Disclose. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose any material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. b. Determining Whether a Conflict of Interest Exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, such person shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. c. Procedures for Addressing the Conflict of Interest. 1. An interested person may make a presentation at the board or committee meeting; but after such presentation, such person shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that result in the conflict of interest. 2. The president of the Corporation or chairperson of the committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. 3. After exercising due diligence, the board or committee shall determine whether the Corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. 4. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the Corporation and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. d. Violations of the Conflict of Interest Policy. 1. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. 2. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action, including removal from office of the director or committee member. Form 990, Part VI, Section B, Line 15 COMPENSATION. a. A voting member of the board of directors who receives compensation, directly or indirectly, from the Corporation for services is precluded from voting on matters pertaining to that member's compensation. b. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Corporation for services is precluded from voting on matters pertaining to that member's compensation. c. No voting member of the board of directors or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Corporation, either individually or collectively, is prohibited from providing information to any committee regarding compensation. To determine proper compensation for top school officials, an evaluation of wages paid to individuals in similar positions was conducted. Criteria used included: 1. Educational institution, 2. Size of school, 3. Corporate structure, 4. Position held, and 5. Compensation paid. Resources used include: 1. Salary.com, and 2. Guidestar.org. Form 990, Part VI, Section C, Line 18 AIE - LA makes its governing documents, conflict of interest policy, and official statements available to the public upon request. Interested persons should contact in person or by mail at: AIE, 305 Harrison Street Suite 405, Seattle, WA 98109; by phone (206) 379-8635; or, by email at daniel.franks@aie.edu. Form 990, Part VI, Section C, Line 19 AIE - LA makes its governing documents, conflict of interest policy, and official statements available to the public upon request. Interested persons should contact in person or by mail at: AIE, 305 Harrison Street Suite 405, Seattle, WA 98109; by phone (206) 379-8635; or, by email at daniel.franks@aie.edu. Academy of Interactive Entertainment - WA 305 Harrison Street Armory Suite 405 Seattle WA 981094623 273792158 College, University, Educational WA 501(c)(3) 170(b)(1)(A)(ii) N/A 0 The Academy of Interactive Entertainment Ltd 49 Phillip Avenue Watson ACT AS 2602 College, University, Education AS Not-for-Profit N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 Academy of Interactive Entertainment - WA p 189393 AIE - LA reimbursed AIE - WA for expenses of AIE-WA that relate to the management of both non-profit organization. During the year ended June 30, 2023, AIE-LA incurred costs totaling $178,719 of costs for the corporate services of which AIE-LA paid $189,393 related to these costs. As of June 30, 2023, AIE-LA owes AIE-WA $10,170 for these corporate services. The Academy of Interactive Entertainment Ltd p 103722 AIE - LA Reimbursed The AIE, Ltd. for shared purchases of software, certain marketing costs and shared staff. The amount is the actual amount reimbursed. AIE - LA filed Form 8868, Application for Extension of Time, November 6, 2023. The additional time was necessary to complete the single audit, to ensure reported information is complete and accurate, and to allow enough time for the Board of Directors to review and approve Form 990. The IRS Accepted this request on November 6, 2023.