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Nonprofiteer
← ALBION COLLEGE

Form 990 for tax year 2022

Filed by ALBION COLLEGE.

Totals

Total revenue
$103,855,372
Total expenses
$124,409,281
Contributions and grants received
$6,221,497
Grants paid
$59,500,943
Program service revenue
$93,973,079
Investment income
$3,317,018
Other revenue
$343,778
Total assets, end of year
$273,211,461
Total liabilities, end of year
$75,980,637
Net assets or fund balances, end of year
$197,230,824
Program services expenses (Part IX)
$108,761,701
Management and general expenses
$12,478,000
Fundraising expenses
$3,169,580
Program service expenses (Part III)
$108,761,701

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,031,126

  • 1f · All other contributions, gifts and grants

    $5,190,371

  • 1g · Noncash contributions included above

    $683,198

  • 2a · Program service revenue: TUITION AND FEES

    total $77,874,021 · related or exempt $77,874,021

  • 2b · Program service revenue: RESIDENCE HALLS

    total $8,728,178 · related or exempt $8,728,178

  • 2c · Program service revenue: DINING SERVICES

    total $6,593,785 · related or exempt $6,593,785

  • 2d · Program service revenue: AUXILIARY REVENUE

    total $777,095 · related or exempt $777,095

  • 3 · Investment income

    total $4,463,989 · unrelated business $97,690 · excluded $4,366,299

  • 5 · Royalties

    total $7,274 · excluded $7,274

  • 6a · Gross rents

    real property $70,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $70,000

  • 6d · Net rental income or loss

    total $70,000 · excluded $70,000

  • 7a · Gross sales of assets other than inventory

    securities $28,712,458 · other assets $237,549

  • 7b · Less cost or other basis and sales expenses

    securities $29,773,947 · other assets $323,031

  • 7c · Gain or loss

    securities -$1,061,489 · other assets -$85,482

  • 7d · Net gain or loss

    total -$1,146,971 · excluded -$1,146,971

  • 9a · Gaming: gross income

    $38,430

  • 9b · Gaming: direct expenses

    $4,000

  • 9c · Net income from gaming

    total $34,430 · excluded $34,430

  • 11a · Other revenue: ENERGY REBATES

    total $61,332 · excluded $61,332

  • 11b · Other revenue: FARM INCOME

    total $37,800 · excluded $37,800

  • 11c · Other revenue: BOOKSTORE

    total $37,125 · excluded $37,125

  • 11d · All other revenue

    total $95,817 · excluded $95,817

  • 11e · Other revenue, total

    $232,074

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,388 · program services $48,388

  • 2 · Grants to domestic individuals

    total $58,940,395 · program services $58,940,395

  • 3 · Grants to foreign organizations and individuals

    total $512,160 · program services $512,160

  • 5 · Compensation of officers, directors and key employees

    total $2,117,563 · program services $702,916 · management and general $1,167,480 · fundraising $247,167

  • 7 · Other salaries and wages

    total $24,070,084 · program services $20,228,813 · management and general $2,468,158 · fundraising $1,373,113

  • 8 · Pension plan contributions

    total $1,806,870 · program services $1,553,247 · management and general $190,217 · fundraising $63,406

  • 9 · Other employee benefits

    total $4,251,724 · program services $3,082,255 · management and general $712,438 · fundraising $457,031

  • 10 · Payroll taxes

    total $1,909,514 · program services $1,641,483 · management and general $201,023 · fundraising $67,008

  • 11b · Fees: legal

    total $793,848 · program services $16,190 · management and general $776,956 · fundraising $702

  • 11c · Fees: accounting

    total $189,410 · management and general $189,410

  • 11f · Fees: investment management

    total $7,602 · program services $7,013 · management and general $468 · fundraising $121

  • 11g · Fees: other

    total $6,643,228 · program services $4,755,380 · management and general $1,540,526 · fundraising $347,322

  • 12 · Advertising and promotion

    total $59,011 · program services $7,420 · management and general $50,591 · fundraising $1,000

  • 13 · Office expenses

    total $2,366,105 · program services $2,096,665 · management and general $223,143 · fundraising $46,297

  • 16 · Occupancy

    total $2,995,089 · program services $2,651,083 · management and general $261,082 · fundraising $82,924

  • 17 · Travel

    total $1,198,891 · program services $1,115,495 · management and general $54,056 · fundraising $29,340

  • 19 · Conferences, conventions and meetings

    total $2,116,857 · program services $1,397,568 · management and general $694,094 · fundraising $25,195

  • 20 · Interest

    total $2,583,685 · program services $3,326 · management and general $2,580,223 · fundraising $136

  • 22 · Depreciation, depletion and amortization

    total $4,946,092 · program services $4,346,618 · management and general $501,277 · fundraising $98,197

  • 23 · Insurance

    total $645,076 · program services $10,056 · management and general $634,630 · fundraising $390

  • 24a · Other expenses: FOOD

    total $5,224,937 · program services $4,969,132 · management and general $47,041 · fundraising $208,764

  • 24b · Other expenses: SOFTWARE

    total $982,752 · program services $676,098 · management and general $185,187 · fundraising $121,467

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,822,959 · end of year $6,143,665

  • 3 · Pledges and grants receivable

    beginning of year $9,931,248 · end of year $8,749,146

  • 4 · Accounts receivable

    beginning of year $6,344,166 · end of year $5,114,193

  • 7 · Other notes and loans receivable

    beginning of year $3,082,736 · end of year $1,419,093

  • 8 · Inventories for sale or use

    beginning of year $4,375 · end of year $1,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $863,484 · end of year $970,760

  • 10a · Land, buildings and equipment: cost or other basis

    $224,960,632

  • 10b · Land, buildings and equipment: accumulated depreciation

    $129,500,135

  • 10c · Land, buildings and equipment, net

    beginning of year $96,660,271 · end of year $95,460,497

  • 11 · Investments: publicly traded securities

    beginning of year $57,967,811 · end of year $52,256,668

  • 12 · Investments: other securities

    beginning of year $107,549,024 · end of year $97,637,648

  • 15 · Other assets

    beginning of year $4,248,557 · end of year $5,458,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,627,486 · end of year $7,242,526

  • 19 · Deferred revenue

    beginning of year $283,612 · end of year $550,784

  • 20 · Tax-exempt bond liabilities

    beginning of year $58,313,535 · end of year $57,446,396

  • 24 · Unsecured notes and loans payable

    beginning of year $9,090,445 · end of year $9,000,000

  • 25 · Other liabilities

    beginning of year $2,096,809 · end of year $1,740,931

  • 27 · Net assets without donor restrictions

    beginning of year $46,641,127 · end of year $29,810,252

  • 28 · Net assets with donor restrictions

    beginning of year $171,421,617 · end of year $167,420,572

Mission and programs · 2022

Mission

ALBION COLLEGE IS AN UNDERGRADUATE, LIBERAL ARTS INSTITUTION COMMITTED TO ACADEMIC EXCELLENCE. WE ARE LEARNING-CENTERED AND RECOGNIZE THAT VALUABLE LEARNING TAKES PLACE IN AND OUTSIDE OF THE CLASSROOM, ON AND OFF THE CAMPUS.

  • INSTRUCTIONAL - ALBION COLLEGE IS A PRIVATE, SELECTIVE, COEDUCATIONAL, RESIDENTIAL INSTITUTION OF HIGHER EDUCATION AFFILIATED WITH THE UNITED METHODIST CHURCH, BUT NON-SECTARIAN IN PRACTICE. THE COLLEGE PRINCIPALLY OFFERS ACADEMIC COURSES AND PROGRAMS LEADING TO A BACHELORS DEGREE IN LIBERAL ARTS. APPROXIMATELY 1,431 STUDENTS ARE ENROLLED IN THE COLLEGE.

    Expenses $99,178,732 · Grants $59,500,942 · Revenue $77,874,021

  • AUXILIARY - DINING SERVICES - ALBION COLLEGE IS A RESIDENTIAL INSTITUTION AND THE PRIMARY FUNCTION OF THE DINING AND HOSPITALITY SERVICES, MANAGED BY METZ MANAGEMENT COMPANY, IS TO PROVIDE FOOD FOR OUR STUDENTS, FACULTY, STAFF, AND GUESTS. WE STRIVE TO PROVIDE A WIDE SELECTION OF HIGH QUALITY PRODUCTS AND SERVICES THROUGH A VARIETY OF EXPERIENCES. THESE EXPERIENCES REFLECT OUR COMMITMENT TO BEING RESPONSIVE TO THE CHANGING NEEDS AND DESIRES OF OUR DIVERSE AUDIENCE. OPERATIONS INCLUDE AN ALL-YOU-CAN-EAT DINING HALL, QUICK-SERVE RESTAURANT, A COFFEE SHOP, LODGING, CATERING SERVICES, FACULTY/STAFF LUNCH BUFFET AND CONFERENCE AND EVENT SERVICES.

    Expenses $6,271,873 · Revenue $6,593,785

  • AUXILIARY - RESIDENCE HALLS - ALBION COLLEGE IS A COLLEGE COMMUNITY INSTITUTION THAT EMPHASIZES COMMUNITY AND INCLUSION THROUGH EDUCATION IN AND OUT OF THE CLASSROOM. ALBION COLLEGE STRIVES TO PROVIDE OUR STUDENTS WITH QUALITY HOUSING THAT ENHANCES A STUDENT'S LEARNING EXPERIENCE.

    Expenses $1,261,615 · Revenue $8,728,178

  • VARIOUS OTHER PROGRAM SERVICES RELATING TO THE ORGANIZATION'S MISSION. (KELLOGG CTR, CONF SERVICES, EQUESTRIAN CTR, W&G ROOM RENTAL)

    Expenses $2,049,481 · Revenue $777,095

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOSEPH S CALVARUSO

    TRUSTEE - INTERIM PRESIDENT

    Total calculated
    $344,342
    From this org
    $343,286
    From related orgs
    $0
    Other
    $1,056
    Hours/week
    42.31

    Schedule J breakdown matched by us

    Base
    $343,286
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,056
    Filer's total
    $344,342

  • AUSTIN BAIDAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • DAVID A BARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • KATE HAO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • PAUL HUTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • KEITH JAMES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • THOMAS L LUDINGTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.85

  • ALLISON MAKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • JEFFREY A OTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • SAMUEL J SHAHEEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • STEVE SHECKELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • MICHAEL E WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • TIMOTHY WYMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • JEFFREY YOULE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • KEVIN F ASHER

    TRUSTEE - AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    3.85

  • LAWRENCE B SCHOOK

    TRUSTEE - CHAIR ACADEMIC AFFAIRS

    Total calculated
    $0
    Hours/week
    3.85

  • JOANNE MILLER

    TRUSTEE - CHAIR OF ENROLLMENT/MARKETING

    Total calculated
    $0
    Hours/week
    3.85

  • MAE OLA DUNKLIN

    TRUSTEE - CHAIR OF INFRASTRUCTURE

    Total calculated
    $0
    Hours/week
    3.85

  • BRIAN MCPHEELY

    TRUSTEE - CHAIR OF STUDENT DEVELOPMENT

    Total calculated
    $0
    Hours/week
    3.85

  • JEFFREY D WEEDMAN

    TRUSTEE - CHAIR TRUSTEESHIP

    Total calculated
    $0
    Hours/week
    3.85

  • IRENE CORONA-AVILA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • ELEANOR DEBO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • ARTHUR GRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • JOSEPH GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3.08

  • LEROY WRIGHT

    VP FOR STUDENT DEVELOPMENT

    Total calculated
    $213,641
    From this org
    $192,867
    From related orgs
    $0
    Other
    $20,774
    Hours/week
    46.15

    Schedule J breakdown matched by us

    Base
    $192,867
    Bonus
    $0
    Other
    $0
    Deferred
    $11,630
    Nontaxable benefits
    $9,144
    Filer's total
    $213,641

  • GARY R BLACK

    CFO - PART YEAR

    Total calculated
    $200,824
    From this org
    $173,837
    From related orgs
    $0
    Other
    $26,987
    Hours/week
    44.23

    Schedule J breakdown matched by us

    Base
    $173,837
    Bonus
    $0
    Other
    $0
    Deferred
    $17,948
    Nontaxable benefits
    $9,039
    Filer's total
    $200,824

  • MARC A NEWMAN

    VP FOR INSTITIONAL ADV

    Total calculated
    $191,782
    From this org
    $170,408
    From related orgs
    $0
    Other
    $21,374
    Hours/week
    42.31

    Schedule J breakdown matched by us

    Base
    $170,408
    Bonus
    $0
    Other
    $0
    Deferred
    $10,310
    Nontaxable benefits
    $11,064
    Filer's total
    $191,782

  • JAMIE M KRUEGER

    CHIEF EM OFFICER - PART YEAR

    Total calculated
    $170,642
    From this org
    $152,805
    From related orgs
    $0
    Other
    $17,837
    Hours/week
    21.15

    Schedule J breakdown matched by us

    Base
    $152,805
    Bonus
    $0
    Other
    $0
    Deferred
    $13,037
    Nontaxable benefits
    $4,800
    Filer's total
    $170,642

  • RON B MOURAD

    PROVOST - PART YEAR

    Total calculated
    $144,729
    From this org
    $104,684
    From related orgs
    $0
    Other
    $40,045
    Hours/week
    44.23

  • LISA B LEWIS

    PROVOST, VP FOR FACULTY

    Total calculated
    $128,069
    From this org
    $109,282
    From related orgs
    $0
    Other
    $18,787
    Hours/week
    46.15

  • AMANDA DUBIEL

    VP FOR ENROLLMENT

    Total calculated
    $125,009
    From this org
    $108,071
    From related orgs
    $0
    Other
    $16,938
    Hours/week
    42.31

  • KELLY D FINN

    CHIEF OF STAFF

    Total calculated
    $99,268
    From this org
    $85,059
    From related orgs
    $0
    Other
    $14,209
    Hours/week
    42.31

  • KEENA S WILLIAMS

    CHIEF BELONGING OFFICER - PART YEAR

    Total calculated
    $48,743
    From this org
    $44,695
    From related orgs
    $0
    Other
    $4,048
    Hours/week
    20

  • DEAN SCHESKE

    INTERIM CFO

    Total calculated
    $31,750
    From this org
    $31,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    30.77

  • VICKI L BAKER

    FACULTY MEMBER

    Total calculated
    $162,512
    From this org
    $145,962
    From related orgs
    $0
    Other
    $16,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,962
    Bonus
    $0
    Other
    $0
    Deferred
    $6,639
    Nontaxable benefits
    $9,911
    Filer's total
    $162,512

  • AMY L ROUTHIER

    ADVANCEMENT OFFICER

    Total calculated
    $130,865
    From this org
    $116,378
    From related orgs
    $0
    Other
    $14,487
    Hours/week
    40

  • ASHLEY N WOODSON

    ADVANCEMENT OFFICER

    Total calculated
    $128,880
    From this org
    $108,567
    From related orgs
    $0
    Other
    $20,313
    Hours/week
    40

  • CONNIE L O'BRIEN

    FACULTY MEMBER

    Total calculated
    $123,802
    From this org
    $100,874
    From related orgs
    $0
    Other
    $22,928
    Hours/week
    40

  • SUELLYN M HENKE

    FACULTY MEMBER

    Total calculated
    $109,130
    From this org
    $102,761
    From related orgs
    $0
    Other
    $6,369
    Hours/week
    40

  • DR MATHEW JOHNSON

    PRESIDENT-FORMER

    Total calculated
    $455,338
    From this org
    $399,335
    From related orgs
    $0
    Other
    $56,003
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $399,335
    Bonus
    $0
    Other
    $0
    Deferred
    $45,978
    Nontaxable benefits
    $10,025
    Filer's total
    $455,338

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 1A
THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THIS IS NOT TREATED AS A TAXABLE BENEFIT. THE PRESIDENT RECEIVES HOUSEKEEPING SERVICES BECAUSE OF SCHOOL RELATED FUNCTIONS CONDUCTED IN THE RESIDENCE. THIS IS NOT TREATED AS A TAXABLE BENEFIT.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BRITON INVESTMENTS LLC

    REAL ESTATE HOLDING · MI · income $0 · assets $489,168

    Directly controlled by ALBION COLLEGE

Related partnerships

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

  • DOWNTOWN ALBION HOTEL

    PARTNERSHIP · HOTEL · MI · 53% owned · share of income $367,569 · share of assets $593,500

    Directly controlled by ALBION COLLEGE

Related corporations and trusts

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

  • BRITON ACRES INC

    C · REAL ESTATE HOLDING · MI · 100% owned · controlled entity

    Directly controlled by ALBION COLLEGE

  • WG CONSTRUCTION SERVICES LLC

    C · CONSTRUCTION · MI · 100% owned · share of income $415,394 · controlled entity

    Directly controlled by ALBION COLLEGE

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349310595

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