2022-05-16T12:26:08-07:00 2021-06-30 440160260 BKD LLP 200 E Main Street Suite 700 Fort Wayne IN 46802 990 2020-07-01 381359083 ALMA COLLEGE ALMA 9894637144 614 W Superior Street Alma MI 48801 Alan Gatlin COO 9894637144 2022-05-16 1 Lauren Denton P01571860 2604604099 2022-05-16 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Jeffrey Abernathy 614 W Superior Street Alma MI 48801 99038951 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 1133 700 30637 0 11034847 13983025 72934294 73344864 4018492 -749103 299866 275315 88287499 86854101 36388745 37953170 0 0 25259010 25364608 0 0 2200396 25036997 22260302 86684752 85578080 1602747 1276021 239263678 267015717 67996447 62294771 171267231 204720946 Alma College's mission is to prepare graduates who think critically, serve generously, lead purposefully and live responsibly as stewards 0 0 71884850 37953170 73589542 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 71884850 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 1 114 0 1 1133 1 1 1 0 0 0 0 1 1 0 0 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 314310 0 67921 Alan Gatlin Chief Operating Officer 60 X 253260 0 18565 Amanda Slenski VP of Enrollment and Special assistant to the President 60 X 222638 0 20952 Matthew vandenBerg VP of Advancement 60 X 180385 0 29661 Kathleen Dougherty Provost 60 X 158638 0 22068 Michael Selmon Faculty 50 X 131313 0 25736 Jeffrey Swears CFO 60 X 142684 0 11231 Kyle Warner IT Director 50 X 130913 0 14688 Dan McKean Associate Vice President of Advancement 50.00 0 X 122738 0 21037 Scott Dexter Faculty 50 X 124798 0 9792 Dale Sanders Professor of Business Administration 50 0 X 115618 0 13180 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 1897295 0 254831 22 0 1 0 Sodexo Management 500 Ross Street 154-0455 Pittsburgh PA 15262 Food Services 2537269 National Management Resources PO Box 1224 Lagrange GA 30241 Housekeeping and Grounds 1842747 Ark Laboratory LLC 6620 Highland Road Ste 240 Waterford MI 48327 Covid Testing 612690 EIIIA 200 S Wacker Dr Ste 1000 Chicago IL 60606 Insurance 512579 Mann's Painting 4710 N Alger Road Alma MI 48801 Painting 474745 30 0 0 0 0 6905004 7078021 530167 13983025 Student Tuition and Fees 611310 58005196 58005196 0 0 Student Room and Board 611310 14501316 14501316 0 0 Student Program Fees 611310 838352 838352 0 0 0 0 0 0 73344864 3385868 0 0 3385868 0 0 0 0 8287 8287 0 0 155612 0 30219 0 125393 0 125393 108407 16986 0 7987119 0 12122090 0 -4134971 0 -4134971 0 0 -4134971 0 50851 32541 18310 9758 8552 0 Developer fees 611310 118226 118226 0 0 Recreation Center User Fees 713940 5099 0 5099 0 0 0 0 0 123325 86854101 73589542 30637 -749103 37953170 37953170 1240657 441927 666574 132156 17640411 14378483 1599422 1662506 1133431 956401 128214 48816 4120997 1842727 2179068 99202 1229112 1052144 134798 42170 105069 468 104601 98432 98432 427187 427187 1131380 971027 159583 770 2713297 786245 1903080 23972 1607508 1505269 58572 43667 434505 432934 1571 1838014 1824721 5327 7966 523986 262778 259572 1636 67362 55579 10283 1500 1866613 68314 1798299 3921213 3921213 676610 22777 653833 Food Service 3138471 3135389 3082 0 Repairs & Maintenance 3375083 2379367 863357 132359 Special events 74738 66017 6616 2105 Bad debt 234406 234406 0 0 26428 26428 0 0 85578080 71884850 11492834 2200396 5865 2466 6797940 8819482 9579643 8931102 1195905 1483258 0 0 0 0 2046523 1618399 0 0 1430950 1728259 152219801 65491256 89820999 86728545 106941027 131147118 16498858 21498448 0 0 0 0 4945968 5058640 239263678 267015717 7677582 5895828 0 1277894 3001942 46500000 7950000 0 0 0 41621371 10225264 1917962 2315707 1907668 67996447 62294771 X 38525571 44431885 132741660 160289061 171267231 204720946 239263678 267015717 X 1276021 32221662 0 0 0 -43968 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121623175 657663 31900541 3165000 0 615845 150400534 124518463 735835 3293434 6278768 0 645789 121623175 1244001841 441925 6529760 5932423 0 522640 1244518463 120712604 970352 8673469 5718977 0 635607 124001841 111888764 2718751 12366590 5595334 0 666167 120712604 0 0.54 0.46 0 1 0 0 4061271 4061271 0 127441183 47208152 80233031 0 0 0 0 0 19538603 18283104 1255499 0 1178744 0 1178744 86728545 Alternative investments 21498448 F 21498448 Life Income Obligations 1367918 Refundable Government Loan Program 539750 1907668 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 The racial nondiscrimination policy for Alma College is included in information provided to students, prospective students, parents, and the community. Schedule E, Part I, Line 6 Alma College receives financial aid for students, such as PELL and SEOG grants Schedule E, Part I, Line 6a Alma College receives federal aid for students, such as PELL and SEOG grants 1 Scholarship and Awards 1360 37953170 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 worthly by the college's assessment of ont eh basis of academic achievement, financial need and other standards. X 1 0 X X 0 0 0 0 0 0 0 0 0 Dr Jeffrey Abernathy President 314310 0 0 0 0 0 51145 0 16777 0 382232 0 0 0 Alan Gatlin Chief Operating Officer 229977 0 21424 0 1860 0 18565 0 0 0 271826 0 0 0 Amanda Slenski VP of Enrollment and Special assistant to the President 198600 0 24038 0 0 0 15888 0 5064 0 243590 0 0 0 Kathleen Dougherty Provost 158100 0 538 0 0 0 12648 0 9420 0 180706 0 0 0 Matthew vandenBerg VP of Advancement 179847 0 538 0 0 0 14388 0 15274 0 210047 0 0 0 Schedule J, Part I, Line 1a Alma College is residential college that requires students living on campus. In each our buildings we have Housing Residence Directors living in each dorm. We also have some staff who receive a housing allowance to live in a facility owned by the college. 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 16 528794 Fair Market Value X 3 1373 Fair Market Value 0 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 The Form 990 is prepared and reviewed by the finance department and by an independent accounting firm. The Form 990 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 relating to the disclosed conflict. Form 990, Part VI, Section B, Line 15 The Board of Trustee 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 determine the compensation for the Provost, Chief Operating Officer, Chief Financial Officer, and other vice presidents. Form 990, Part VI, Section C, Line 19 Governing documents 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 4685 9335828 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 1875 7962071 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tax return was filed under an extension. Extension was accepted