2023-05-15T08:58:10-07:00 2022-06-30 990 2021-07-01 381359083 ALMA COLLEGE ALMA 9894637144 614 W Superior Street Alma MI 48801 Cassie Tennant Controller 9894637144 2023-05-15 1 11 1 AAL2 2021 2023-04-26 12:10:37Z Jeff Abernathy 614 W Superior Street Alma MI 48801 128742325 0 X www.alma.edu X 1886 MI Alma College's mission is to prepare graduates who think critically, serve generously, lead purposefully, and live responsibly as stewards 29 29 1060 700 268169 0 13983025 7698944 73344864 72922474 -749103 9868274 275315 348384 86854101 90838076 37953170 39085717 0 0 25364608 25313160 0 0 1261045 22260302 25765420 85578080 90164297 1276021 673779 267015717 241298093 62294771 59869154 204720946 181428939 Alma College's mission is to prepare graduates who think critically, serve generously, lead purposefully and live responsibly as stewards 0 0 80418041 39085717 73002226 Scholarships and awards to students offset the cost of tuition. Instruction provided to students by highly qualified faculty and assistants. Housing and food service provided to students. Alma College is a residential liberals arts college with approximately 96% of students living and eating on campus. 0 0 0 80418041 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 130 0 1 1060 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Alma College 9894637144 614 W Superior Steet Alma MI 48801 Dr Jeffrey Abernathy President 60 X 404091 0 123892 Alan Gatlin Chief Operating Officer 60 X 261772 0 18565 Amanda Slenski VP of Enrollment and Special assistant to the President 60 X 231391 0 21352 Kathleen Dougherty Provost 60 0 X 176667 0 22068 Damon Brown Vice President of Student Affairs 60 X 153397 0 19820 Kyle Warner IT Director 50.0 X 122235 0 15589 Michael Selmon Faculty 50.00 X 130775 0 3553 Scott Dexter Faculty 50 X 122400 0 5813 Dale Sanders Professor of Business Administration 50 X 104676 0 18015 Dan McKean Associate Vice President of Advancement 50.0 X 112200 0 5813 James Carman Vice President of Finance 60 X 98865 0 3014 Janie Diels Interim Provost 60 X 93840 0 3553 Jeffrey Swears CFO 60 X 66369 0 22819 Tom Andison Trustee 2 X 0 0 0 Erika Powers Appelt Trustee 2 X 0 0 0 Karen Asner Trustee 2 X 0 0 0 Brian Bartes Trustee 2 X 0 0 0 Eric Blackhurst Trustee 2 X 0 0 0 Kevin Blatchford Trustee 2 X 0 0 0 Carol Burns Trustee 2 X 0 0 0 Robert Cramer Trustee 2 X 0 0 0 Charlie Deacon Trustee 2 X 0 0 0 David Devine Trustee 2 X 0 0 0 Stephen Falk Trustee 2 X 0 0 0 Deborah Lynch Fitzgerald Trustee 2 X 0 0 0 Doug Gross Trustee 2 X 0 0 0 Charles Hardwick Trustee 2 X 0 0 0 Greg Hatcher Trustee 2 X 0 0 0 Christopher Hufnagel Trustee 2 X 0 0 0 Cardell Johnson Trustee 2 X 0 0 0 Ann Randall Kendrick Trustee 2 X 0 0 0 David Larsen Trustee 2 X 0 0 0 Karen Magnuson Trustee 2 X 0 0 0 Edward Osowski Trustee 2 X 0 0 0 Diane Postler - Slattery Trustee 2 X 0 0 0 Derron Sanders Trustee 2 X 0 0 0 Darryl Schimeck Trustee 2 X 0 0 0 Bryan Segedi Trustee 2 X 0 0 0 Kim Taylor Trustee 2 X 0 0 0 James Wheeler II Trustee 2 X 0 0 0 John Wilson Trustee 2 X 0 0 0 Russ Youngdahl Jr Trustee 2 X 0 0 0 2078678 0 283866 11 0 1 0 Sodexo Management 500 Ross Street 154-0455 Pittsburgh PA 15262 Food Services 3896896 Granger Construction Company 6267 Aurelius Road Lansing MI 48911 Construction manager 3725980 Three Rivers Corporation 3069 E Vantage Pt Dr Midland MI 48641 Construction manager 2567096 National Management Resources PO Box 1224 Lagrange GA 30241 Housekeeping and Grounds 1535165 SCG Fields LLC 10303 Brecksville Road Brecksville OH 44141 Sports field construction 1181040 28 0 0 0 0 4698668 3000276 127385 7698944 Student Tuition and Fees 611310 56508018 56508018 0 0 Student Room and Board 611310 14339760 14339760 0 0 Student Program Fees 611310 2074696 2074696 0 0 0 0 0 0 72922474 3749586 0 0 3749586 0 0 0 0 463 0 0 463 230514 0 0 0 230514 0 230514 79647 150867 0 44022937 0 37904249 0 6118688 0 6118688 0 0 6118688 0 33139 0 33139 0 33139 0 Recreation Center User Fees 713940 84268 105 84163 0 0 0 0 0 84268 90838076 73002226 268169 9868737 39085717 39085717 1407448 402042 937323 68083 17552182 15749741 1137585 664856 1149915 942557 152360 54998 3894497 1792769 1990536 111192 1309118 1119298 136003 53817 131022 131022 99669 99669 473220 473220 1881845 1515763 346556 19526 1166164 624934 516792 24438 2266979 2077156 100068 89755 551790 546890 4900 2023039 2012308 6732 3999 1992897 1917712 62527 12658 200741 164820 35079 842 1239757 435311 804446 3911439 3911439 855652 22119 833533 Food Service 3633949 3633949 0 0 Repairs & Maintanence 4473382 4294404 30083 148895 Special events 223768 189494 31188 3086 640107 526508 113599 90164297 80418041 8485211 1261045 2466 1937327 8819482 1480700 8931102 8503553 1483258 2789664 0 0 0 0 1618399 1047782 0 1728259 2204905 161472517 70031150 86728545 91441367 131147118 105847350 21498448 25243260 0 0 0 0 5058640 802185 267015717 241298093 5895828 8012949 3001942 1090238 7950000 7950000 41621371 40233790 1917962 1215621 1907668 1366556 62294771 59869154 X 44431885 42618816 160289061 138810123 204720946 181428939 267015717 241298093 X 673779 -24332566 0 473220 0 -106440 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150400534 408641 -13758168 8050000 0 479254 128521753 121623175 657663 31900541 3165000 0 615845 150400534 124518463 735835 3293434 6278768 0 645789 121623175 124001841 441925 6529760 5932423 0 522640 124518463 120712604 970352 8673469 5718977 0 635607 124001841 0 0.54 0.46 0 1 0 0 4061271 4061271 0 129901387 50908252 78993135 0 0 0 0 0 19552603 19122898 429705 0 7957256 0 7957256 91441367 Alternative Investments 25243260 F 25243260 Life Income Obligations 1221691 Refundable Government Loan Program 144865 1366556 Schedule D, Part V, Line 4 Intended uses for endowment funds are invested to provide maximum return within college risk tolerances. Annual draws are used to support student scholarships and other college operational needs. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Alma College's policy is distributed in information given to all constituents of Alma College. Schedule E, Part I, Line 6 Alma College receives federal financial aid for students such as Pell and SEOG grants. 1 Scholarships and Awards 1340 39085717 Schedule I, Part I, Line 2 A list of recipients of scholarships is on file at the college. Although there may be recipients who are related persons having an interest in the college, such recipients are selected on an equal, objectively determined basis with other recipients. That is all students receiving scholarships are judged worthily by the college's assessment on the basis of academic achievement, financial need and other standards. X X 0 0 1 0 0 0 0 0 0 Kathleen Dougherty Provost 158100 0 18567 0 0 0 12648 0 9420 0 198735 0 0 0 Amanda Slenski VP of Enrollment and Special assistant to the President 203600 0 27791 0 0 0 16288 0 5064 0 252743 0 0 0 Alan Gatlin Chief Operating Officer 232060 0 27852 0 1860 0 18565 0 0 0 280337 0 0 0 Dr Jeffrey Abernathy President 334091 0 70000 0 0 0 101727 0 22165 0 527983 0 0 0 Damon Brown Vice President of Student Affairs 130000 0 23397 0 0 0 10400 0 9420 0 173217 0 0 0 Schedule J, Part I, Line 4 Dr Jeff Abernathy is enrolled in a non deferred compensation plan as of June 30, 2022. A AMFA 2017 Multi Model Revenue Bond 381359083 2017-05-01 18700000 Refund debt, renovations 0 0 0 A 10750000 0 18700000 0 0 0 374950 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 11 123918 fair market value X 7 3467 fair market value 0 1 0 Schedule M, Part I, Line 32b Stock donations that are received are deposited with the College's investment custodian for immediate sale in the open market. Form 990, Part I, Line 6 Approximately 500 students provide various volunteer services to the college in addition to approximately 200 community or alumni volunteers. Form 990, Part VI, Section B, Line 11b Form 990 is prepared and reviewed by the finance department and by an independent accounting firm. The form is provided to each member of the board of directors prior to it being filed with the IRS. Form 990, Part VI, Section B, Line 12c Each year all Board of Trustee members, executive staff members, and key employees are required to sign a written statement noting any conflict of interest dealings. These signed conflict of interest statements are reviewed annually by the Audit Committee of the Board of Trustees. If a potential conflict is disclosed, that person will be asked to abstain from any decision making related to the disclosed conflict. Form 990, Part VI, Section B, Line 15 The Board of Trustees executive committee, along with input from the full Board of Trustees annually determines the compensation for the College president. Compensation amounts are based upon many factors, such as the skills and experiences of the president and comparable compensation levels provided by peer institutions. The President of the College, with input from the Executive Committee of the Board of Trustees, annually determines the compensation for the Provost, Chief Operating Officer, Chief Financial Officer and other vice presidents. Form 990, Part VI, Section C, Line 19 Governing discounts are made available to the public upon request. Form 990, Part XI, Line 9 Net loss related to UBIT Alma Opera Block 614 W Superior Street Alma MI 48801 842694212 Leasing commercial and residential space MI N/A Related -15215 7650196 0 1 1 Alma Opera Block Manager LLC 614 W Superior Street Alma MI 48801 842702440 Leasing commercial and residential property MI N/A C 0 7192099 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0