ACADEMY OF INTERACTIVE ENTERTAINMENT

EIN: 273792158 501(c)(3) Education

Seattle, WA

Total Revenue
$2,001,636
Total Expenses
$2,217,946
Total Assets
$1,713,238
Net Assets
$1,219,212
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
WA
Principal Officer
Victoria De Margheriti
Phone
2064286350
Tax Period
2022-07-01 to 2023-06-30

ACADEMY OF INTERACTIVE ENTERTAINMENT, founded in 2010, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,561,696 Revenue: $1,886,502

The Academy of Interactive Entertainment - WA (AIE - WA) was founded in 2010 to provide world-class education in 3D animation, game programming, and digital visual effects. AIE - WA offers four...

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The Academy of Interactive Entertainment - WA (AIE - WA) was founded in 2010 to provide world-class education in 3D animation, game programming, and digital visual effects. AIE - WA offers four certificate programs, 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. Advanced Diploma of Professional Game Development - Game Design & Production (CIP Code 50.0411). The Advanced Diploma courses were developed to support industry needs, driven by extensive consultation with local and international game development studios and visual effects professionals. Each Advanced Diploma is 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 2022-2023, AIE - WA had 3 cohorts attending for a total of 133 students of which 49 graduated in July 2023. Game artists design the environments, create the characters and craft the vehicles for the game. They can specialize in modeling, texturing, animation, and level design. Developing game art utilizes a dynamic medium that showcases 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. Game designers are the visionaries and evangelists for a game development project. They thrive on new ideas and are always thinking about how users will interact and enjoy the experience that they've created. A great game designer possesses a combination of technical knowledge, artistic skill and most importantly, the ability to communicate and understand people. Game designers spend significant amounts of time writing detailed documents specifying game mechanics, environments, playable characters and the game's nemesis. This detail extends right down to how a particular item might behave, be animated and sound.

Program 2
Expenses: $0 Revenue: $65,905

During this fiscal year, AIE - WA continued its work with Seattle Public Schools, offering a Work Skill Center, which caters to juniors and seniors in the school district. The Skill Center was...

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During this fiscal year, AIE - WA continued its work with Seattle Public Schools, offering a Work Skill Center, which caters to juniors and seniors in the school district. The Skill Center was established to educate Seattle high school students in the subject of interactive media, including game art and design and game programming. Interactive media represents a wide variety of new and emerging interactive industries and sectors, including video games, animation, film making, and other creative 3D applications. Students use a hands-on approach and work in a studio setting, emulating a real-world work environment. Students learn to use industry standard software, work independently and in teams, and develop a portfolio for ongoing educational and career opportunities. Additionally, program graduates earn high school credit upon successful completion of the course.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $36,773
Program Service Revenue $1,952,407
Investment Income $7,143
Other Revenue $5,313
TOTAL REVENUE $2,001,636

Expense Breakdown

Grants Paid $38,057
Salaries & Benefits $1,202,472
Fundraising Expenses $0
Program Expenses $1,561,696
Other Expenses $977,417
TOTAL EXPENSES $2,217,946

Year-over-Year Comparison

2022 2021 Change
Revenue $2,001,636 $3,152,719 -0.4%
Expenses $2,217,946 $3,019,990 -0.3%
Net Income $-216,310 $132,729 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
Employees
24
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$254,051
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ursula Frank Head of School 40
Officer
$121,273 $0 $121,273
Romi Kanda Controller 40
Officer
$112,060 $0 $112,060
Joel Younker Controller - U.S. Operations 2
Officer
$15,814 $0 $15,814
Daniel Franks Financial Controller 40
Officer
$4,904 $0 $4,904
John De Margheriti President and Treasurer 40
Director
$0 $0 $0
Victoria De Margheriti Vice President and Secretary 40
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,001,636 $2,217,946 $1,713,238 $-216,310
2022 $3,152,719 $3,019,990 $2,037,052 $132,729
2021 $3,079,789 $2,892,512 $1,922,115 $187,277
2020 $3,364,375 $2,931,070 $1,808,005 $433,305
2019 $2,558,166 $2,450,874 $1,413,876 $107,292
2018 $2,354,855 $2,322,738 $928,553 $32,117
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