Civic Intelligence

Academy of International Business

EIN 30-0876454 • 501(c)3 • East Lansing, MI

Profile

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.

667 N Shaw Ln Eppley Center 413East Lansing, MI 48824

aib.msu.edu & aib.world

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

52nd percentile

5.2%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$107,988

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

58th percentile

6.5%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

27%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,067,990

Up $249,712 (+6.5%) from 2023

Liabilities

Up

$230,262

Up $83,764 (+57%) from 2023

Net Assets

Up

$3,837,728

Up $165,948 (+4.5%) from 2023

Revenue

Up

$2,088,418

Up $448,948 (+27%) from 2023

Expenses

Up

$1,979,962

Up $688,723 (+53%) from 2023

Net Income

Down

$108,456

Down $239,775 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2016: $2,838,856Liabilities 2016: $141,603Net Assets 2016: $2,697,2532016Assets 2017: $2,889,487Liabilities 2017: $152,007Net Assets 2017: $2,737,4802017Assets 2018: $2,801,909Liabilities 2018: $210,734Net Assets 2018: $2,591,1752018Assets 2019: $2,966,280Liabilities 2019: $159,490Net Assets 2019: $2,806,7902019Assets 2020: $3,443,658Liabilities 2020: $135,475Net Assets 2020: $3,308,1832020Assets 2021: $3,770,449Liabilities 2021: $181,860Net Assets 2021: $3,588,5892021Assets 2022: $3,249,309Liabilities 2022: $142,954Net Assets 2022: $3,106,3552022Assets 2023: $3,818,278Liabilities 2023: $146,498Net Assets 2023: $3,671,7802023Assets 2024: $4,067,990Liabilities 2024: $230,262Net Assets 2024: $3,837,7282024

Highlighted filing

2024

Assets$4,067,990
Liabilities$230,262
Net Assets$3,837,728

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,198,721Expenses 2016: $1,161,381Net Income 2016: $37,3402016Revenue 2017: $1,147,485Expenses 2017: $1,108,307Net Income 2017: $39,1782017Revenue 2018: $1,145,738Expenses 2018: $1,193,842Net Income 2018: -$48,1042018Revenue 2019: $1,449,819Expenses 2019: $1,377,738Net Income 2019: $72,0812019Revenue 2020: $1,010,344Expenses 2020: $630,951Net Income 2020: $379,3932020Revenue 2021: $934,894Expenses 2021: $676,224Net Income 2021: $258,6702021Revenue 2022: $1,202,539Expenses 2022: $1,289,846Net Income 2022: -$87,3072022Revenue 2023: $1,639,470Expenses 2023: $1,291,239Net Income 2023: $348,2312023Revenue 2024: $2,088,418Expenses 2024: $1,979,962Net Income 2024: $108,4562024

Highlighted filing

2024

Revenue$2,088,418
Expenses$1,979,962
Net Income$108,456

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$2,147,117
Mission and Program Overview

Mission

To foster education and advance professional standards in the field of international business.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,226,651$2,403,148▲ $176,497
Savings and Temporary Cash Investments$884,233$818,341▼ $65,892
Accounts Receivable$349,019$363,350▲ $14,331
Cash and Non-Interest-Bearing Accounts$358,375$315,194▼ $43,181
Prepaid Expenses and Deferred Charges-$66,119-
Total Assets$3,818,278$4,067,990▲ $249,712
Other Assets Total-$101,838-
Liabilities
Deferred Revenue$136,488$139,816▲ $3,328
Accounts Payable and Accrued Expenses$10,010$90,446▲ $80,436
Total Liabilities$146,498$230,262▲ $83,764
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,551,330$3,679,137▲ $127,807
Net Assets With Donor Restrictions$120,450$158,591▲ $38,141
Total Net Assets Fund Balance$3,671,780$3,837,728▲ $165,948
Total Liabilities and Net Assets / Fund Balance$3,818,278$4,067,990▲ $249,712

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,677,438-▲ $185,284$287,427$2,562,875
2023$2,248,254$214,729▲ $223,313-$2,677,438
2022$2,767,991-▼ $338,544$172,196$2,248,254
2021$2,390,304$274,841▲ $111,089-$2,767,991
2020$1,869,971$351,856▲ $174,192-$2,390,304
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bernice DavenportTreasurerFT$77,642$30,346$107,988
Ieva KuleManaging DirectorFT$78,147$27,603$105,750
Tunga KiyakExecutive DirectorFT$79,685$23,371$103,056

Board Members and Trustees

NameTitle
Peter LieschImmediate Past President 23-24
Gary KnightPresident 24-25
Torben PedersenPresident Elect 25-26
Vas TarasVP Admin 22-25
Liena KanoVP Admin 23-26
Jane LuVP Admin 24-27
Srilata ZaheerVP Program 24-25
Sjoerd BeugelsdijkVP Program 25-26
Catherine WelchVP Program Past 23-24
Revenue and Support

Revenue Composition

Contributions and Grants
$121,585
Program Service Revenue
$1,722,002
Investment Income
$244,674
Other Revenue
$157
All Other Contributions
$121,585
Change in Net Assets
$108,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,075,733
Revenue Not Reported on Financial Statements
$12,685
Revenue Not Reported on Form 990
$-51,508
Other Revenue Adjustments
$12,685
Total Revenue per Audited Statements
$2,024,225
Total Revenue per Form 990
$2,088,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,648,479
Salaries, Compensation, and Employee Benefits$211,044
Grants and Similar Amounts Paid$120,439
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,070,382--$1,070,382
Current Officers, Directors, Trustees, and Key Employees-$211,044-$211,044
Foreign Grants$71,030--$71,030
Grants to Domestic Individuals$49,409--$49,409
Other Expenses$79,518$35,381-$35,381
Fees for Services Accounting-$18,723-$18,723
Information Technology-$14,876-$14,876
Fees for Service Investment Mgmnt Fees-$12,685-$12,685
Insurance$3,700--$3,700
Fees for Services Legal-$3,170-$3,170
Office Expenses-$77-$77
Total Functional Expenses$1,576,134$403,828$0$1,979,962

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,979,962
Expenses per Audited Statements$1,967,277
Total Expenses per Audited Statements$1,967,277
Expenses Not Reported on Financial Statements$12,685
Other Expense Adjustments$12,685
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All members of the association are eligible to nominate candidates to the board, however the nominating committee decides on the final slate. Only exception is that if a candidate receives signed nominations from two percent of the membership, they are automatically eligible to be included in the slate. Once the slate is published, all current members get one vote to elect the board members from the final slate. Majority vote getters for each position are elected to the executive board.

Form 990, Part VI, Section A, Line 7A

All members of the association are eligible to nominate candidates to the board, however the nominating committee decides on the final slate. Only exception is that if a candidate receives signed nominations from two percent of the membership, they are automatically eligible to be included in the slate. Once the slate is published, all current members get one vote to elect the board members from the final slate. Majority vote getters for each position are elected to the executive board.

Form 990, Part VI, Section A, Line 7B

Membership dues increases of 20% or more must be submitted to the academy membership for ratification voted on either at the annual meeting or by a special ballot communicated by mail or electronically. Additionally, proposals to amend the bylaws will be communicated to the voting membership when endorsed in writing by at least 10 percent of the voting members or 35 members, whichever is larger, or endorsed by a majority of the members in attendance at the annual meeting, or endorsed by a majority of the executive board. Amendment to this bylaws shall be adopted upon a two-thirds majority of the votes cast by the membership in response to a ballot, communicated either electronically or by mail. Membership shall be judged to include the members in good standing 60 days prior to the date of the communication of the ballot. However, no amendments will be considered adopted unless 10 percent of the voting members of the academy have voted.

Form 990, Part VI, Section B, Line 11B

Due to the fact that the board members are located in different states and continents, the form 990 is made available for board members to view electronically in pdf form.

Form 990, Part VI, Section B, Line 12C

The executive board members and different committee members are required to disclose interests that could give rise to conficts at the biannual board meetings. Aib follows the bylaws closely, refers to them, and regularly takes appropriate actions at board meetings.

Form 990, Part VI, Section B, Line 15

Msu's hiring policies and procedures apply to all aib employees and can be found at https://hr.msu.edu/ua/hiring/faculty-academic-staff/index.html. Hiring requires msu hr analysts to review and publicly post the job according to the msu's job classifications. Each classification has a publicly available salary range based on duties and responsibilities.

Form 990, Part VI, Section C, Line 19

The organization makes available all documents required by law

FORM 990, PART VII:

Executive director is an msu employee. Aib reimburses msu for a portion of his wages and benefits. Wages are included in annual wage reporting (w-2) prepared by msu.

Filing and Contact Details

Filer

Filer Name
Academy of International Business
EIN
30-0876454
Phone
5174321452
Address
667 N SHAW LN EPPLEY CENTER 413, EAST LANSING, MI 48824

Signing Officer

Name
Tunga Kiyak
Title
Executive Director
Phone
5174321452
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tunga Kiyak
Formed
2015
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
135

Preparer

Firm
Clark Schaefer Hackett & Co
Address
3505 COOLIDGE RD, EAST LANSING, MI 48823
Preparer
Renea R Irick
Phone
5173515508
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2:

Employees are not paid directly by the organization, but leased from another unrelated organization.

FORM 990, PART XII, LINE 2C:

No change from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization evaluates all significant tax positions under a more likely than not threshold as required by u.s. Generally accepted accounting principles. As of december 31, 2024, the organization does not believe that it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The organization's tax returns are subject to examination by the appropriate taxing jurisdictions. At december 31, 2024, the organization's federal tax returns generally remain open for the last three years.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

INVESTMENT EXPENSE

PART XII, LINE 4B - OTHER ADJUSTMENTS:

INVESTMENT EXPENSE

Raw XML AppendixShowing 400 of 599 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0WE CREATE, NURTURE, AND EMPOWER A GLOBAL COMMUNITY OF SCHOLARS FOCUSED ON CREATING, ADVANCING, AND DISSEMINATING KNOWLEDGE IN INTERNATIONAL BUSINESS RESEARCH, EDUCATION, POLICY, AND PRACTICE.
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IRS990/Desc0THE ACADEMY OF INTERNATIONAL BUSINESS HELD ITS ANNUAL CONFERENCE IN SEOUL, SOUTH KOREA, HOSTING MORE THAN 1000 MEMBERS. 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 2024 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/2024/. PROVIDED 57 DOCTORAL STUDENTS RECEIVED TRAVEL SCHOLARSHIPS TOTALING $ 67,529 ($1,185 PP ON AVERAGE, PROCESSED AS COMPLIMENTARY CONFERENCE FEES, MEMBERSHIPS, AND DIRECT LODGING CHARGES) TO ATTEND THE 2024 AIB ANNUAL CONFERENCE IN SEOUL, SOUTH KOREA. THE SCHOLARSHIPS ARE GIVEN TO ENCOURAGE NEW PHD STUDENTS TO ENTER AND THE FIELD OF INTERNATIONAL BUSINESS. VISIT HTTPS://WWW.AIB.WORLD/EVENTS/2024/ATTEND/DOCTORAL-STUDENT-STIPENDS/ FOR MORE INFORMATION
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IRS990/Form990PartVIISectionAGrp/TitleTxt5VP PROGRAM 25-26
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP ADMIN 22-25
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP ADMIN 23-26
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP ADMIN 24-27
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MANAGING DIRECTOR
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IRS990/MissionDesc0WE CREATE, NURTURE, AND EMPOWER A GLOBAL COMMUNITY OF SCHOLARS FOCUSED ON CREATING, ADVANCING, AND DISSEMINATING KNOWLEDGE IN INTERNATIONAL BUSINESS RESEARCH, EDUCATION, POLICY, AND PRACTICE.
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IRS990/OtherExpensesGrp/Desc0CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1JIBS & JIBP EXPENSES
IRS990/OtherExpensesGrp/Desc2AIB CYBER DOCTORAL ACAD
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
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IRS990/ProgramServiceRevenueGrp/Desc3EDITORIAL
IRS990/ProgramServiceRevenueGrp/Desc4CONFERENCE EXHIBIT SAL
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IRS990/ProgSrvcAccomActy2Grp/Desc0PRODUCED TWO INTERNATIONAL JOURNALS THAT ARE DISTRIBUTED TO AND BENEFIT ALL MEMBERS. THE JOURNAL OF INTERNATIONAL BUSINESS STUDIES (JIBS) WHICH IS PUBLISHED 9 TIMES PER YEAR. VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/JOURNAL-OF-INTERNATIONAL-BUSINESS-STUDIES/ AND THE JOURNAL OF INTERNATIONAL BUSINESS POLICY (JIBP) WHICH IS PUBLISHED 4 TIMES PER YEAR. FOR MORE DETAILED INFORMATION VISIT: HTTPS://WWW.AIB.WORLD/PUBLICATIONS/JOURNAL-OF-INTERNATIONAL-BUSINESS-POLICY/
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IRS990/ProgSrvcAccomActy3Grp/Desc0ADDITIONAL MEMBER PUBLICATIONS INCLUDE THE AIB NEWSLETTER HTTPS://WWW.AIB.WORLD/PUBLICATIONS/AIB-NEWSLETTER/AND AIB INSIGHTS HTTPS://WWW.AIB.WORLD/PUBLICATIONS/AIB-INSIGHTS/. ORGANIZED 30 ONLINE WEBINARS AND WORKSHOPS. DISCUSSED LATEST RESEARCH FINDINGS. PROVIDED PROFESSIONAL DEVELOPMENT OPPORTUNITIES. DISCUSSED BEST PRACTICES AND NEW TECHNIQUES AND SKILLS IN PEDAGOGY. FOR INFORMATION ON AIB WEBINARS, PLEASE VISIT HTTPS://WWW.AIB.WORLD/EVENTS/. THE AIB-CIBER DOCTORAL ACADEMY (ACDA) IS A GLOBAL INITIATIVE DESIGNED TO SUPPORT EARLY-STAGE DOCTORAL STUDENTS IN THE FIELD OF INTERNATIONAL BUSINESS. THIS TWO-YEAR PROGRAM OFFERS VIRTUAL SEMINARS, PERSONALIZED MENTORING, AND VALUABLE NETWORKING OPPORTUNITIES WITH SENIOR SCHOLARS TO SUPPORT THEIR ACADEMIC AND PROFESSIONAL DEVELOPMENT AND BUILD A STRONG GLOBAL NETWORK OF EMERGING IB RESEARCHERS. FOR MORE DETAILS, VISIT: HTTPS://WWW.AIB.WORLD/EVENTS/DOCTORAL-ACADEMY/.
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IRS990/PYContributionsGrantsAmt0131865
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IRS990/PYGrantsAndSimilarPaidAmt059414
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IRS990/PYOtherRevenueAmt0280
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IRS990/PYRevenuesLessExpensesAmt0348231
IRS990/PYSalariesCompEmpBnftPaidAmt0151333
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01639470
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0108456
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0821477
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0884233
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt022000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt035000
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt076216
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt040798
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0379960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01722002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01451326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01119251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0842148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0916435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06051162
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0107335
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