Civic Intelligence

American Innovation University

990 • Fiscal year 2023 • EIN 77-0495439

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

2010 Fortune DrSan Jose, CA 95131

(408) 813-2888

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.07x

Higher debt load relative to revenue than 17% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

1st percentile

-716%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

25th percentile

$166,667

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 65.9% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

89th percentile

42%

Faster asset growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$39,623,547

Up $11,678,672 (+42%) from 2022

Net Assets

Up

$39,606,158

Up $11,831,029 (+43%) from 2022

Liabilities

Down

$17,389

Down $152,357 (-90%) from 2022

Revenue

Up

$253,081

Up $52,699 (+26%) from 2022

Expenses

Down

$2,066,253

Down $161,267 (-7.2%) from 2022

Net Income

Up

-$1,813,172

Up $213,966 (+11%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $7,981,201Liabilities 2011: $512,351Net Assets 2011: $7,468,8502011Assets 2012: $8,314,559Liabilities 2012: $140,147Net Assets 2012: $8,174,4122012Assets 2013: $7,128,326Liabilities 2013: $76,056Net Assets 2013: $7,052,2702013Assets 2014: $8,675,602Liabilities 2014: $1,208,487Net Assets 2014: $7,467,1152014Assets 2015: $21,192,310Liabilities 2015: $420,830Net Assets 2015: $20,771,4802015Assets 2016: $44,202,741Liabilities 2016: $409,960Net Assets 2016: $43,792,7812016Assets 2017: $42,410,551Liabilities 2017: $231,959Net Assets 2017: $42,178,5922017Assets 2018: $37,961,018Liabilities 2018: $221,533Net Assets 2018: $37,739,4852018Assets 2019: $34,281,915Liabilities 2019: $1,194Net Assets 2019: $34,280,7212019Assets 2020: $40,103,452Liabilities 2020: $147,337Net Assets 2020: $39,956,1152020Assets 2021: $54,688,636Liabilities 2021: $171,592Net Assets 2021: $54,517,0442021Assets 2022: $27,944,875Liabilities 2022: $169,746Net Assets 2022: $27,775,1292022Assets 2023: $39,623,547Liabilities 2023: $17,389Net Assets 2023: $39,606,1582023Assets 2024: $55,221,873Liabilities 2024: $229,253Net Assets 2024: $54,992,6202024

Highlighted filing

2023

Assets$39,623,547
Liabilities$17,389
Net Assets$39,606,158

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2011: $3,735,361Expenses 2011: $2,339,599Net Income 2011: $1,395,7622011Revenue 2012: $1,934,025Expenses 2012: $688,871Net Income 2012: $1,245,1542012Revenue 2013: $1,379,070Expenses 2013: $2,501,212Net Income 2013: -$1,122,1422013Revenue 2014: $3,668,833Expenses 2014: $3,253,988Net Income 2014: $414,8452014Revenue 2015: $20,324,268Expenses 2015: $7,019,903Net Income 2015: $13,304,3652015Revenue 2016: $33,761,026Expenses 2016: $10,739,725Net Income 2016: $23,021,3012016Revenue 2017: $5,207,907Expenses 2017: $4,920,448Net Income 2017: $287,4592017Revenue 2018: $464,690Expenses 2018: $4,903,796Net Income 2018: -$4,439,1062018Revenue 2019: $232,864Expenses 2019: $3,702,926Net Income 2019: -$3,470,0622019Revenue 2020: $187,076Expenses 2020: $1,066,914Net Income 2020: -$879,8382020Revenue 2021: $5,177,891Expenses 2021: $1,812,058Net Income 2021: $3,365,8332021Revenue 2022: $200,382Expenses 2022: $2,227,520Net Income 2022: -$2,027,1382022Revenue 2023: $253,081Expenses 2023: $2,066,253Net Income 2023: -$1,813,1722023Revenue 2024: $722,616Expenses 2024: $2,357,574Net Income 2024: -$1,634,9582024

Highlighted filing

2023

Revenue$253,081
Expenses$2,066,253
Net Income-$1,813,172
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,448,648
Mission and Program Overview

Mission

To provide quality undergraduate & post-graduate curriculum

To provide quality undergraduate & post-graduate curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$27,775,129$39,606,158▲ $11,831,029
Savings and Temporary Cash Investments$13,789,976$26,782,546▲ $12,992,570
Land, Buildings, and Equipment, Net$10,087,823$9,839,930▼ $247,893
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$27,944,875$39,623,547▲ $11,678,672
Other Assets Total$4,067,076$3,001,071▼ $1,066,005
Liabilities
Other Liabilities$169,746$17,389▼ $152,357
Total Liabilities$169,746$17,389▼ $152,357
Net Assets / Fund Balance
Total Net Assets Fund Balance$27,775,129$39,606,158▲ $11,831,029
Total Liabilities and Net Assets / Fund Balance$27,944,875$39,623,547▲ $11,678,672

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,945,218$1,579,633$7,524,851
Land$2,848,421-$2,848,421
Buildings$998,611$184,499$1,183,110
Equipment$31,765$412,196$443,961
Other Land Buildings$15,915$214,522$230,437
Other Assets Org$1,086,307--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jerry ShiaoCEOFT$166,667$166,667
Simon S AuAssistant DeanPT$43,755$43,755
Chung-wen a TsaoProfessorPT$5,000$5,000
Hsi-hsien ChiangInfo Specialist-$4,515$4,515
Yazdan Pedram RaziAsso. Professor-$2,500$2,500
Chi-ching ChiangOffice Clerk-$2,190$2,190
Revenue and Support

Revenue Composition

Contributions and Grants
$146,873
Program Service Revenue
$0
Investment Income
$37,681
Other Revenue
$68,527
Change in Net Assets
$-1,813,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,823,094
Salaries, Compensation, and Employee Benefits$243,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$767,524$511,682-$1,279,206
Depreciation Depletion$128,775$85,850-$214,625
Current Officers, Directors, Trustees, and Key Employees$100,000$66,667-$166,667
Insurance$43,897$29,264-$73,161
Other Salaries and Wages$34,776$23,184-$57,960
All Other Expenses$24,837$16,560-$41,397
Payroll Taxes$11,119$7,413-$18,532
Other Expenses$9,673$6,448-$16,121
Fees for Services Legal$6,492$4,328-$10,820
Fees for Services Other$3,834$2,556-$6,390
Office Expenses$2,441$1,627-$4,068
Total Functional Expenses$1,239,752$826,501$0$2,066,253
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payabe$9,740
Payroll tax payable$7,649
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
American Innovation University
EIN
77-0495439
Phone
4088132888
Address
2010 FORTUNE DR, SAN JOSE, CA 95131

Signing Officer

Name
Jerry Shiao
Title
CEO
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
1
Employees
7

Preparer

Firm
Rong Fu CPA
Address
1698 S WOLFE RD SUITE 116, SUNNYVALE, CA 94087
Preparer
Rong Fu
Phone
4087383300
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1813172
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt068527
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt027775129
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt039606158
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013789976
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026782546
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0998611
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184499
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01183110
IRS990ScheduleD/EquipmentGrp/BookValueAmt031765
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0412196
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0443961
IRS990ScheduleD/LandGrp/BookValueAmt02848421
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02848421
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05945218
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01579633
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07524851
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01900000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114764
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21086307
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposit - Restoration
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deposit- PG&E
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Deposit-Rent
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Loan Advanced
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015915
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0214522
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0230437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09740
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payabe
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll tax payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09839930
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03001071
IRS990ScheduleD/TotalLiabilityAmt017389
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0166667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JERRY SHIAO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0166667
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027944875
IRS990/TotalAssetsEOYAmt039623547
IRS990/TotalAssetsGrp/BOYAmt027944875
IRS990/TotalAssetsGrp/EOYAmt039623547
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0146873
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0826501
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01239752
IRS990/TotalFunctionalExpensesGrp/TotalAmt02066253
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0169746
IRS990/TotalLiabilitiesEOYAmt017389
IRS990/TotalLiabilitiesGrp/BOYAmt0169746
IRS990/TotalLiabilitiesGrp/EOYAmt017389
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt027775129
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt039606158
IRS990/TotalProgramServiceExpensesAmt01239752
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0224627
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0106208
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253081
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027944875
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039623547
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02010 FORTUNE DR
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095131
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0http://www.svuca.edu/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY SHIAO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.2$0.23$55.0$0.72$2.36$1.63
2023Detailed filing. Detailed filing data is available for this year.$39.6$0.02$39.6$0.25$2.07$1.81
2022Detailed filing. Detailed filing data is available for this year.$27.9$0.17$27.8$0.20$2.23$2.03
2021Detailed filing. Detailed filing data is available for this year.$54.7$0.17$54.5$5.18$1.81$3.37
2020Detailed filing. Detailed filing data is available for this year.$40.1$0.15$40.0$0.19$1.07$0.88
2019Detailed filing. Detailed filing data is available for this year.$34.3$0.00$34.3$0.23$3.70$3.47
2018Detailed filing. Detailed filing data is available for this year.$38.0$0.22$37.7$0.46$4.90$4.44
2017Detailed filing. Detailed filing data is available for this year.$42.4$0.23$42.2$5.21$4.92$0.29
2016Detailed filing. Detailed filing data is available for this year.$44.2$0.41$43.8$33.8$10.7$23.0
2015Detailed filing. Detailed filing data is available for this year.$21.2$0.42$20.8$20.3$7.02$13.3
2014Summary only. Only limited summary data is available for this year.$8.68$1.21$7.47$3.67$3.25$0.41
2013Summary only. Only limited summary data is available for this year.$7.13$0.08$7.05$1.38$2.50$1.12
2012Summary only. Only limited summary data is available for this year.$8.31$0.14$8.17$1.93$0.69$1.25
2011Summary only. Only limited summary data is available for this year.$7.98$0.51$7.47$3.74$2.34$1.40