ADRIAN COLLEGE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ADRIAN COLLEGE (EIN 38-1357980)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201441349349301004
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T08:47:52-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381357980 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADRIAN COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ADRI | NameControl |
| Phone | 5172655161 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 S MADISON STREET | AddressLine1 |
| City | ADRIAN | City |
| State | MI | State |
| ZIP Code | 49221 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JERRY WRIGHT | Name |
| Title | VICE PRESIDENT BUSINESS AFFAIRS/CFO | Title |
| Phone | 5172655161 | Phone |
| Date Signed | 2014-05-08 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JERRY WRIGHT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 S MADISON STREET | AddressLine1 |
| City | ADRIAN | City |
| State | MI | State |
| ZIP Code | 49221 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 79797889 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ADRIAN.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1859 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | ADRIAN COLLEGE IS A LIBERAL ARTS, PRIVATE COLLEGE OFFERING BACHELOR AND MASTER DEGREE PROGRAMS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 34 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 34 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2240 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 311674 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 16294722 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6082604 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 57067851 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 62369611 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2740595 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3632359 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 407408 | OtherRevenuePriorYear |
| Other Revenue Current Year | 113017 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 76510576 | TotalRevenuePriorYear |
| Total Revenue Current Year | 72197591 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 23280122 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 25946030 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 23372772 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 23898080 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 679541 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16638088 | OtherExpensePriorYear |
| Other Expenses Current Year | 18032154 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 63290982 | TotalExpensesPriorYear |
| Total Expenses Current Year | 67876264 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 13219594 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4321327 | RevenuesLessExpensesCY |
| Total Assets BOY | 116749582 | TotalAssetsBOY |
| Total Assets EOY | 125502521 | TotalAssetsEOY |
| Total Liabilities BOY | 42989331 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 46461423 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 73760251 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 79041098 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ADRIAN COLLEGE, A LIBERAL ARTS COLLEGE IN THE UNITED METHODIST TRADITION, IS COMMITTED TO THE PURSUIT OF TRUTH AND TO THE DIGNITY OF ALL PEOPLE. THROUGH ACTIVE AND CREATIVE LEARNING IN A SUPPORTIVE COMMUNITY, STUDENTS ARE CHALLENGED TO ACHIEVE EXCELLENCE IN THEIR ACADEMIC, PERSONAL, AND PROFESSIONAL LIVES, AND TO CONTRIBUTE TO A MORE SOCIALLY JUST SOCIETY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 49906586 | Expense |
| Grants | 25946030 | Grants |
| Revenue | 48959326 | Revenue |
| Description | INSTRUCTION - THE EXEMPT PURPOSE OF THE SCHOOL IS THE TEACHING OF UNDERGRADUATE HIGHER EDUCATION COURSES TO THE SCHOOL'S STUDENTS IN ORDER FOR THEM TO ACHIEVE A LIBERAL ARTS, BACHELOR DEGREE AND ENJOY A FULL COLLEGE EXPERIENCE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11391775 | Expense |
| Grants | 0 | Grants |
| Revenue | 13211628 | Revenue |
| Description | ROOM AND BOARD - THE EXEMPT PURPOSE IS HOUSING AND FEEDING OF THE SCHOOL'S STUDENTS, ALLOWING THEM TO SUSTAIN RESIDENCY ON CAMPUS IN ORDER TO ATTEND CLASSES AND ACHIEVE A LIBERAL ARTS, BACHELOR DEGREE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 61298361 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 87 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2240 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 34 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 34 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NICOLE MEGALE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5172655161 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 S MADISON | AddressLine1 |
| City | ADRIAN | City |
| State | MI | State |
| ZIP Code | 492212575 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (39 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| ROBYN J ARRINGTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHARLES F BAER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RONALD L BATORY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HAROLD D CRAFT | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JEFFREY DEBEST | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LINDA DEPTA | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| FRANK DICK | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| PATRICK D FARVER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BONNIE S GARBRECHT | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CARSON C GRUNEWALD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD GURDJIAN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN HARNISH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DAVID S HICKMAN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JAMES KAPNICK | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD KIBBEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RUSSELL MCREYNOLDS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SHELLEY B MILANO | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| KATHRYN M MOHR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ERNEST L NICOLAY JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| TRAVIS W PEARSE JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DAVID PILMORE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERT M RANSOM | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DOUGLAS ROBINSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL N SEELYE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ANTHONY J SHIPLEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SARAH E SHUMATE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD J STROWGER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD SWEEBE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JAMES D THOMAS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GARY VALADE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| PAUL WESTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| STEPHEN P WOLFE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARSHA WOOLLEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RONALD REEVES | ||||||
| TRUSTEE, FORMER VP DEVELOPMENT | 1.00 | X | 117703 | 0 | 20853 | X |
| AGNES I CALDWELL | ||||||
| VP ACADEMIC AFFAIRS | 40.00 | 108565 | 0 | 21902 | X | |
| JEFFREY DOCKING | ||||||
| PRESIDENT | 40.00 | 766879 | 0 | 46346 | X | |
| FRANK HRIBAR | ||||||
| VP ENROLLMENT MANAGEMEN | 40.00 | 102809 | 0 | 19956 | X | |
| JERRY WRIGHT | ||||||
| VP BUSINESS AFFAIRS | 40.00 | 109070 | 0 | 20163 | X | |
| JAMES MAHONY | ||||||
| VP OF DEVELOPMENT | 40.00 | 76105 | 0 | 17852 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1281131 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 147072 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO | |||||
| 110 SOUTH MADISON | ADRIAN | MI | 49221 | FOOD SERVICE | 4737339 |
| KRIEGHOFF-LENAWEE CO | |||||
| PO BOX 100 | ADRIAN | MI | 49221 | CONSTRUCTION CONTRACTOR | 1000956 |
| SLUSARSKI EXCAVATING & PAVING | |||||
| 119 GREENLY ST | ADRIAN | MI | 49221 | CONSTRUCTION CONTRACTOR | 360975 |
| AMERINET OF MICHIGAN INC | |||||
| 1241 S MAPLE RD | ANN ARBOR | MI | 48103 | COMPUTER HARDWARE | 352847 |
| NEBRASKA BOOK COMPANY INC | |||||
| PO BOX 1450 | MINNEAPOLIS | MN | 55485 | TEXTBOOKS AND SUPPLIES | 247978 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 19 | NumberOfContractorsGT100K |
| Government Grants | 598440 | GovernmentGrants |
| All Other Contributions | 5484164 | AllOtherContributions |
| Noncash Contributions | 315087 | NoncashContributions |
| Total Contributions | 6082604 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INSTRUCTION | 611310 | 48841540 | 48841540 | |
| ROOM AND BOARD | 611310 | 13211628 | 13211628 | |
| AUXILIARY | 611710 | 316443 | 316443 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 62369611 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3445765 | TotalRevenueColumn |
| Exclusion | $3,445,765 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6642665 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6456071 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 186594 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 186594 | TotalRevenueColumn |
| Exclusion | $186,594 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1189837 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1144227 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45610 | TotalRevenueColumn |
| Related Or Exempt Function Income | 50379 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -4769 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SPECTATOR SPORTS | 711210 | 66607 | 66607 |
| MUSICAL PERFORMANCES | 711130 | 800 | 800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 67407 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72197591 | TotalRevenueColumn |
| Related Or Exempt Function Income | 62170954 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 311674 | UnrelatedBusinessRevenue |
| Exclusion | $3,632,359 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25946030 | Total |
| Program Services | 25946030 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1279943 | Total |
| Program Services | 635609 | ProgramServices |
| Management And General | 520043 | ManagementAndGeneral |
| Fundraising | 124291 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16575846 | Total |
| Program Services | 15771800 | ProgramServices |
| Management And General | 529562 | ManagementAndGeneral |
| Fundraising | 274484 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1237961 | Total |
| Program Services | 666547 | ProgramServices |
| Management And General | 557082 | ManagementAndGeneral |
| Fundraising | 14332 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3626279 | Total |
| Program Services | 2187684 | ProgramServices |
| Management And General | 1342711 | ManagementAndGeneral |
| Fundraising | 95884 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1178051 | Total |
| Program Services | 1067250 | ProgramServices |
| Management And General | 80295 | ManagementAndGeneral |
| Fundraising | 30506 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32536 | Total |
| Management And General | 32536 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90635 | Total |
| Management And General | 90635 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64599 | Total |
| Management And General | 64599 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55152 | Total |
| Program Services | 55152 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24820 | Total |
| Program Services | 20147 | ProgramServices |
| Management And General | 4673 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4675056 | Total |
| Program Services | 4342265 | ProgramServices |
| Management And General | 244457 | ManagementAndGeneral |
| Fundraising | 88334 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109881 | Total |
| Program Services | 54941 | ProgramServices |
| Management And General | 54940 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3130395 | Total |
| Program Services | 2168992 | ProgramServices |
| Management And General | 943434 | ManagementAndGeneral |
| Fundraising | 17969 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1075257 | Total |
| Program Services | 949045 | ProgramServices |
| Management And General | 93438 | ManagementAndGeneral |
| Fundraising | 32774 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4065204 | Total |
| Program Services | 4065204 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 992153 | Total |
| Program Services | 992153 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2945981 | Total |
| Program Services | 1606024 | ProgramServices |
| Management And General | 1339957 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 293697 | Total |
| Program Services | 293697 | ProgramServices |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|
| LIBRARY | 275608 | 275608 | |
| MISCELLANEOUS | 125925 | 125925 | |
| BAD DEBT EXPENSE | 75255 | 74288 | 967 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67876264 | Total |
| Program Services | 61298361 | ProgramServices |
| Management And General | 5898362 | ManagementAndGeneral |
| Fundraising | 679541 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2020604 | BOY |
| EOY | 8268659 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 794633 | BOY |
| EOY | 319453 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2954247 | BOY |
| EOY | 2728769 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2137119 | BOY |
| EOY | 2444202 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 987348 | BOY |
| EOY | 937601 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 790768 | BOY |
| EOY | 802161 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 685727 | BOY |
| EOY | 537262 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 101083118 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 39750327 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59671751 | BOY |
| EOY | 61332791 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21623219 | BOY |
| EOY | 24740227 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1940524 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23143642 | BOY |
| EOY | 23391396 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116749582 | BOY |
| EOY | 125502521 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5375401 | BOY |
| EOY | 5272364 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 312034 | BOY |
| EOY | 1258698 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30965000 | BOY |
| EOY | 29570000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5039965 | BOY |
| EOY | 8907763 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1296931 | BOY |
| EOY | 1452598 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42989331 | BOY |
| EOY | 46461423 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13125384 | BOY |
| EOY | 16323464 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6977600 | BOY |
| EOY | 6560166 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53657267 | BOY |
| EOY | 56157468 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73760251 | BOY |
| EOY | 79041098 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116749582 | BOY |
| EOY | 125502521 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4321327 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 272127 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 687393 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 24607079 | BeginningOfYearBalance |
| Contributions | 1909177 | Contributions |
| Investment Earnings Or Losses | 2150090 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1250000 | GrantsOrScholarships |
| Administrative Expenses | 64599 | AdministrativeExpenses |
| End Of Year Balance | 27351747 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 22959880 | BeginningOfYearBalance |
| Contributions | 3400568 | Contributions |
| Investment Earnings Or Losses | -93423 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1603500 | GrantsOrScholarships |
| Administrative Expenses | 56446 | AdministrativeExpenses |
| End Of Year Balance | 24607079 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 22360694 | BeginningOfYearBalance |
| Contributions | 364564 | Contributions |
| Investment Earnings Or Losses | 3712135 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1624549 | GrantsOrScholarships |
| Other Expenditures | 1786012 | OtherExpenditures |
| Administrative Expenses | 66952 | AdministrativeExpenses |
| End Of Year Balance | 22959880 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19602597 | BeginningOfYearBalance |
| Contributions | 1494499 | Contributions |
| Investment Earnings Or Losses | 2192902 | InvestmentEarningsOrLosses |
| Other Expenditures | 864475 | OtherExpenditures |
| Administrative Expenses | 64829 | AdministrativeExpenses |
| End Of Year Balance | 22360694 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 30177890 | BeginningOfYearBalance |
| Contributions | 221790 | Contributions |
| Investment Earnings Or Losses | -5213853 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1326771 | GrantsOrScholarships |
| Other Expenditures | 4182729 | OtherExpenditures |
| Administrative Expenses | 73730 | AdministrativeExpenses |
| End Of Year Balance | 19602597 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 2519234 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 459147 | OtherCostOrOtherBasis |
| Book Value | 2978381 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 69074421 | OtherCostOrOtherBasis |
| Depreciation | 25770097 | Depreciation |
| Book Value | 43304324 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11785671 | OtherCostOrOtherBasis |
| Depreciation | 2153721 | Depreciation |
| Book Value | 9631950 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15016665 | OtherCostOrOtherBasis |
| Depreciation | 11826509 | Depreciation |
| Book Value | 3190156 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2227980 | OtherCostOrOtherBasis |
| Book Value | 2227980 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 61332791 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| BENEFICIAL INTEREST IN PERPETUAL TRUST | 23245297 |
| CASH SURRENDER VALUE OF LIFE INSURANCE | 121099 |
| DEPOSITS | 25000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 23391396 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE STUDENT DEPOSITS | $363,654 |
| REFUNDABLE LOAN PROGRAM ADVANCES | $1,088,944 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1452598 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 44684332 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -26132624 | OtherRevenues |
| Revenue Not Rptd F990 | -26132624 | RevenueNotRptdF990 |
| Revenue Subtotal | 70816956 | RevenueSubtotal |
| Other Revenues Not Included | 1380635 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1380635 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 72197591 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 43009862 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1144227 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1144227 | ExpensesNotRptdF990 |
| Expenses Subtotal | 41865635 | ExpensesSubtotal |
| Other Expenses Not Included | 26010629 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 26010629 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 67876264 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | EARNINGS ON ENDOWMENT INVESTMENTS ARE USED TO FUND ENDOWED SCHOLARSHIPS, LECTURESHIPS, AND CERTAIN FACILITY EXPENSES. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE COLLEGE ADOPTED THE PROVISIONS OF ASC TOPIC 740 EFFECTIVE JULY 1, 2009. THE ADOPTION OF ASC TOPIC 740 HAD NO IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON AUDITED FS -25,946,030. REALIZED GAINS ON SALES OF SECURITIES -186,594. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | ENDOWMENT GIFTS 1,956,677. INTEREST AND DIVIDEND INCOME FROM ENDOWMENT INVESTMENTS 568,185. COST OF INVENTORY SOLD -1,144,227. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF INVENTORY SOLD 1,144,227. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON AUDITED FS 25,946,030. INVESTMENT MANAGEMENT FEES 64,599. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | ALL FORMS AND POLICIES OF NONDISCRIMINATION ARE MADE AVAILABLE ON THE SCHOOL'S WEBSITE AND IN THE STUDENT HANDBOOK |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | ADRIAN COLLEGE PARTICIPATES IN STUDENT AID PROGRAMS SUPPORTED BY THE DEPARTMENT OF EDUCATION. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 1701 | NumberOfRecipients |
| Amount Of Cash Grant | 25946030 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE SCHOLARSHIPS GRANTED BY ADRIAN COLLEGE ARE USED TO PAY TUITION AND FEE CHARGES ON STUDENT ACCOUNTS. THE SCHOOL IS ALSO ABLE TO MONITOR WHETHER STUDENTS REMAIN AT THE COLLEGE THROUGH THE REGISTRAR'S OFFICE, THE VICE PRESIDENT AND DEAN OF ACADEMIC AFFAIRS' OFFICE, CLASS ATTENDANCE TAKEN BY PROFESSORS, AND HOUSING RECORDS MAINTAINED BY THE STUDENT AFFAIRS' OFFICE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JEFFREY DOCKING | NamePerson |
| Title | PRESIDENT | Title |
| Base Compensation Filing Org | 383732 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 250000 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 133147 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 36333 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 10013 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 813225 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | SCHEDULE J, PART I, LINE 4B: THE INDIVIDUAL LISTED IN PART II, LINE 1 MADE PERSONAL CONTRIBUTIONS OF $5,667, AND RECEIVED MATCHING CONTRIBUTIONS FROM THE SCHOOL OF $11,333, TO A SUPPLEMENTAL, NON-QUALIFIED RETIREMENT PLAN DURING CALENDAR 2012 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| MICHIGAN FINANCE AUTHORITY | ||||||||
| A | 521285150 | 594519YT1 | 2002-08-28 | 5190000 | CONSTRUCTION/RENOVATION OF FACILITIES | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| B | 521285150 | 594519J76 | 2006-03-01 | 15000000 | CONSTRUCTION/RENOVATION OF FACILITIES | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| C | 521285150 | 594519N63 | 2008-05-29 | 15000000 | CONSTRUCTION/RENOVATION OF FACILITIES | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| D | 521285150 | 594479BA4 | 2011-09-22 | 4000000 | CONSTRUCTION/RENOVATION OF FACILITIES | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|
| A | 4760000 | 5190000 | 171463 | 5018537 | 2004 | 0 | 0 | 1 | 1 |
| B | 3260000 | 15000000 | 177900 | 14822100 | 2006 | 0 | 0 | 1 | 1 |
| C | 1600000 | 15000000 | 155825 | 14844175 | 2009 | 0 | 0 | 1 | 1 |
| D | 4000000 | 89000 | 3911000 | 2013 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
| D | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 4 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 80087 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | QUOTED MARKET PRICE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | WRITTEN PROMISE TO PAY | Description |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 235000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | WRITTEN PROMISE TO PAY | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: | PART I, COLUMN (B): | ADRIAN COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RATHER THAN THE QUANTITY OF ITEMS CONTRIBUTED. |
| THIRD PARTY USE: | PART I, LINE 32B: | ADRIAN COLLEGE USES AN INDEPENDENT THIRD-PARTY INVESTMENT FIRM TO SELL PUBLICLY TRADED SECURITIES CONTRIBUTED TO THE SCHOOL. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | ALL MEMBERS OF THE AUDIT COMMITTEE AND THE CHAIRPERSON OF THE BOARD OF TRUSTEES ARE GIVEN THE COMPLETE FORM 990 TO REVIEW AND PROVIDED AN OPPORTUNITY FOR DISCUSSION AND RECOMMEND ANY REVISIONS TO THE FORM. WHEN SATISFIED AS PROPER, THE AUDIT COMMITTEE PROVIDES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES THAT THE FORM BE APPROVED FOR FILING. COPIES OF THE FORM ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES AT THE BOARD MEETING DURING WHICH THE FORM IS APPROVED FOR FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUSTEES COMPLETE CONFLICT OF INTEREST POLICY DOCUMENTS AT ANNUAL MEETING; INFORMATION PROVIDED IS VERIFIED TO THE SCHOOL'S ACCOUNTING RECORDS BY THE SCHOOL'S BUSINESS OFFICE. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF TRUSTEES ESTABLISHES THE ANNUAL COMPENSATION OF THE SCHOOL'S PRESIDENT BASED ON WORK PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ADRIAN COLLEGE'S GOVERNING DOCUMENTS ARE MAINTAINED BY THE SECRETARY OF THE BOARD OF TRUSTEES. THE SCHOOL'S CONFLICT OF INTEREST POLICY AND VARIOUS OTHER POLICIES ARE AVAILABLE ON THE SCHOOL'S WEBSITE. ANNUAL AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. | |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF REMAINDER INTERESTS AND PERPETUAL TRUSTS 547,383. ACTUARIAL ADJUSTMENT OF ANNUITY AND PENSION OBLIGATIONS 140,010. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. |