ACADEMY OF INTERNATIONAL BUSINESS

EIN: 300876454 501(c)(3) Education

EAST LANSING, MI

Total Revenue
$1,639,470
Total Expenses
$1,291,239
Total Assets
$3,818,278
Net Assets
$3,671,780
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MI
Principal Officer
TUNGA KIYAK
Phone
5174321452
Tax Period
2023-01-01 to 2023-12-31

ACADEMY OF INTERNATIONAL BUSINESS, founded in 2015, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 21% operating margin.

Mission

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,865
Program Service Revenue $1,451,046
Investment Income $56,279
Other Revenue $280
TOTAL REVENUE $1,639,470

Expense Breakdown

Grants Paid $59,414
Salaries & Benefits $151,333
Fundraising Expenses $0
Program Expenses $852,119
Other Expenses $1,080,492
TOTAL EXPENSES $1,291,239

Year-over-Year Comparison

2023 2022 Change
Revenue $1,639,470 $1,202,539 +0.4%
Expenses $1,291,239 $1,289,846 +0.0%
Net Income $348,231 $-87,307 -5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
120

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
14
$151,333
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA TEREZA LEME FLEURY PAST PRESIDENT 22-23 10.00
Officer Director
$0 $0 $0
PETER LEISCH PRESIDENT 23-24 5.00
Officer Director
$0 $0 $0
GARY KNIGHT PRESIDENT ELECT 23-24 5.00
Officer Director
$0 $0 $0
ANDREW DELIOS VP PROGRAM 20-23 1.00
Officer Director
$0 $0 $0
KAZ ASAKAWA VP PROGRAM 21-24 10.00
Officer Director
$0 $0 $0
CATHERINE WELCH VP PROGRAM ELECT 22-25 10.00
Officer Director
$0 $0 $0
SRILATA ZAHEER VP PROGRAM 23-26 5.00
Officer Director
$0 $0 $0
DANA MINBAEVA VP ADMIN 20-23 5.00
Officer Director
$0 $0 $0
VAS TARAS VP ADMIN 22-25 5.00
Officer Director
$0 $0 $0
MATT RASKOVIC VP ADMIN 23-24 5.00
Officer Director
$0 $0 $0
LIENA KANO VP ADMIN 23-26 1.00
Officer Director
$0 $0 $0
TUNGA KIYAK EXECUTIVE DIRECTOR 35.00
Officer
$110,615 $30,718 $141,333
IREM KIYAK TREASURER (1/23-8/23) 20.00
Officer
$10,000 $0 $10,000
BERNICE DAVENPORT TREASURER (8/23-12/23) 30.00
Officer
$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
2024 No data No data No data No data
2023 $1,639,470 $1,291,239 $3,818,278 $348,231
2022 $1,202,539 $1,289,846 $3,249,309 $-87,307
2021 $934,894 $676,224 $3,770,449 $258,670
2020 $1,010,344 $630,951 $3,443,658 $379,393
2019 $1,449,819 $1,377,738 $2,966,280 $72,081
2018 $1,145,738 $1,193,842 $2,801,909 $-48,104
2017 $1,147,485 $1,108,307 $2,889,487 $39,178
2016 $1,198,721 $1,161,381 $2,838,856 $37,340
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