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Nonprofiteer
← ALMA COLLEGE

Form 990 for tax year 2022

Filed by ALMA COLLEGE.

Totals

Total revenue
$86,977,279
Total expenses
$92,232,606
Contributions and grants received
$13,658,652
Grants paid
$37,327,501
Program service revenue
$70,488,259
Investment income
$2,116,543
Other revenue
$713,825
Total assets, end of year
$256,194,991
Total liabilities, end of year
$68,526,973
Net assets or fund balances, end of year
$187,668,018
Program services expenses (Part IX)
$76,620,904
Management and general expenses
$13,964,250
Fundraising expenses
$1,647,452
Program service expenses (Part III)
$76,620,904

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dr Jeffrey Abernathy

    President

    Total calculated
    $529,474
    From this org
    $380,000
    From related orgs
    $0
    Other
    $149,474
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $350,000
    Bonus
    $30,000
    Other
    $0
    Deferred
    $134,200
    Nontaxable benefits
    $15,274
    Filer's total
    $529,474

  • Raymond Barclay

    Chief Operating Officer

    Total calculated
    $247,719
    From this org
    $213,436
    From related orgs
    $0
    Other
    $34,283
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $183,333
    Bonus
    $28,553
    Other
    $1,550
    Deferred
    $34,283
    Nontaxable benefits
    $0
    Filer's total
    $247,719

  • James Carman

    Vice President of Finance

    Total calculated
    $239,697
    From this org
    $198,288
    From related orgs
    $0
    Other
    $41,409
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $183,600
    Bonus
    $14,688
    Other
    $0
    Deferred
    $26,136
    Nontaxable benefits
    $15,274
    Filer's total
    $239,698

  • Scott Wills

    Vice President of Advancement

    Total calculated
    $203,789
    From this org
    $178,016
    From related orgs
    $0
    Other
    $25,773
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $163,083
    Bonus
    $14,932
    Other
    $0
    Deferred
    $12,667
    Nontaxable benefits
    $13,107
    Filer's total
    $203,789

  • Kathleen Dougherty

    Provost

    Total calculated
    $173,910
    From this org
    $161,262
    From related orgs
    $0
    Other
    $12,648
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $161,262
    Bonus
    $0
    Other
    $0
    Deferred
    $12,648
    Nontaxable benefits
    $0
    Filer's total
    $173,910

  • Damon Brown

    Vice President of Student Affairs

    Total calculated
    $173,306
    From this org
    $143,996
    From related orgs
    $0
    Other
    $29,310
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $133,388
    Bonus
    $10,608
    Other
    $0
    Deferred
    $19,890
    Nontaxable benefits
    $9,420
    Filer's total
    $173,306

  • Ebony Dixon

    Associate Vice President

    Total calculated
    $172,536
    From this org
    $156,880
    From related orgs
    $0
    Other
    $15,656
    Hours/week
    60

  • Alan Gatlin

    Chief Operating Officer

    Total calculated
    $168,991
    From this org
    $156,611
    From related orgs
    $0
    Other
    $12,380
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $154,751
    Bonus
    $0
    Other
    $1,860
    Deferred
    $12,380
    Nontaxable benefits
    $0
    Filer's total
    $168,991

  • Michael Selmon

    Faculty

    Total calculated
    $159,336
    From this org
    $133,391
    From related orgs
    $0
    Other
    $25,945
    Hours/week
    50

  • Kyle Warner

    IT Director

    Total calculated
    $156,662
    From this org
    $134,417
    From related orgs
    $0
    Other
    $22,245
    Hours/week
    50

  • Melinda Booth

    Vice President for Communication and Marketing

    Total calculated
    $144,176
    From this org
    $124,772
    From related orgs
    $0
    Other
    $19,404
    Hours/week
    60

  • Janie Diels

    Interim Provost

    Total calculated
    $142,458
    From this org
    $131,906
    From related orgs
    $0
    Other
    $10,552
    Hours/week
    60

  • Sarah Dehring

    VIce President/Director of Athletics

    Total calculated
    $141,219
    From this org
    $119,000
    From related orgs
    $0
    Other
    $22,219
    Hours/week
    60

  • Dan McKean

    Associate Vice President of Advancement

    Total calculated
    $141,064
    From this org
    $120,166
    From related orgs
    $0
    Other
    $20,898
    Hours/week
    50

  • Scott Dexter

    Faculty

    Total calculated
    $137,196
    From this org
    $127,208
    From related orgs
    $0
    Other
    $9,988
    Hours/week
    50

  • Erika Powers Appelt

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Karen Asner

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Brian Bartes

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Eric Blackhurst

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kevin Blatchford

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Carol Burns

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robert Cramer

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Charlie Deacon

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David Devine

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Stephen Falk

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Deborah Lynch Fitzgerald

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Doug Gross

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Charles Hardwick

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Greg Hatcher

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Christopher Hufnagel

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Cardell Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David Larsen

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Karen Magnuson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Edward Osowski

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Derron Sanders

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Darryl Schimeck

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Bryan Segedi

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kim Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • James Wheeler II

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • John Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rachelle Jacques

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Burt Jordan

    Trustee

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4
On July 1, 2022 the Provost and Chief Operating Officers roles were changed to new employees. The provost was removed from the position and received severance of $161,262. The Chief Operating Officer changed to a new role as a construction project manager. Dr Jeff Abernathy participates in a non-qualified deferred compensation plan. A contribution of $50,000 was made on his behalf. No distributions were taken during the tax year.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Alma Opera Block

    Related · Leasing commercial and residential space · MI · 100% owned · share of income -$28,474 · share of assets $7,678,671 · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Alma Opera Block Manager LLC

    C · Leasing commercial and residential property · MI · 100% owned · share of income $0 · share of assets $7,192,099 · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349305943

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