2013-05-14T15:56:11-05:00 2012-06-30 990 2011-07-01 381357980 ADRIAN COLLEGE ADRI 5172655161 110 S MADISON STREET ADRIAN MI 49221 JERRY WRIGHT 5172655161 2013-05-14 2011 2016-02-24 21:20:13Z JERRY WRIGHT 110 S MADISON STREET ADRIAN MI 49221 79742564 0 X WWW.ADRIAN.EDU X 1859 MI ADRIAN COLLEGE IS A LIBERAL ARTS, PRIVATE COLLEGE OFFERING BACHELOR AND MASTER DEGREE PROGRAMS. 29 29 2178 100 484530 0 4153029 16294722 53096940 57067851 4052572 2740595 204724 407408 61507265 76510576 22128985 23280122 0 0 22131172 23372772 0 0 695297 15688179 16638088 59948336 63290982 1558929 13219594 100701846 116749582 37645570 42989331 63056276 73760251 X 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. 0 0 46381478 23280122 44865979 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. 10565510 12124750 ROOM AND BOARD - THE EXEMPT PURPOSE IS HOUSING AND FEEDING OF THE COLLEGE'S STUDENTS, ALLOWING THEM TO SUSTAIN RESIDENCY ON CAMPUS IN ORDER TO ATTEND CLASSES AND ACHIEVE A LIBERAL ARTS, BACHELOR DEGREE. 56946988 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 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 0 0 0 0 0 1 87 0 2178 1 1 1 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X NICOLE MEGALE 5172655161 110 S MADISON ADRIAN MI 492212575 ROBYN J ARRINGTON 1.00 X 0 0 0 CHARLES F BAER 1.00 X 0 0 0 RONALD L BATORY 1.00 X 0 0 0 HAROLD D CRAFT 1.00 X 0 0 0 LINDA DEPTA 1.00 X 0 0 0 FRANK DICK 1.00 X 0 0 0 PATRICK D FARVER 1.00 X 0 0 0 BONNIE S GARBRECHT 1.00 X 0 0 0 CARSON C GRUNEWALD 1.00 X 0 0 0 RICHARD A GURDJIAN 1.00 X 0 0 0 JOHN HARNISH 1.00 X 0 0 0 DAVID S HICKMAN 1.00 X 0 0 0 JAMES D KAPNICK 1.00 X 0 0 0 RUSSELL MCREYNOLDS 1.00 X 0 0 0 SHELLEY B MILANO 1.00 X 0 0 0 KATHRYN M MOHR 1.00 X 0 0 0 ERNEST L NICOLAY JR 1.00 X 0 0 0 TRAVIS W PEARSE JR 1.00 X 0 0 0 ROBERT M RANSOM 1.00 X 0 0 0 MICHAEL N SEELYE 1.00 X 0 0 0 ANTHONY J SHIPLEY 1.00 X 0 0 0 SARAH E SHUMATE 1.00 X 0 0 0 RICHARD J STROWGER 1.00 X 0 0 0 JAMES D THOMAS 1.00 X 0 0 0 DAVID PILMORE 1.00 X 0 0 0 PAUL WESTON 1.00 X 0 0 0 GARY VALADE 1.00 X 0 0 0 STEPHEN P WOLFE 1.00 X 0 0 0 MARSHA WOOLLEY 1.00 X 0 0 0 AGNES I CALDWELL 40.00 X 101534 0 25347 JEFFREY DOCKING 40.00 X 524978 0 49382 FRANK HRIBAR 40.00 X 85241 0 24272 RONALD REEVES 40.00 X 114818 0 20497 JERRY WRIGHT 40.00 X 102507 0 26285 929078 0 145783 4 0 1 0 SODEXO 110 SOUTH MADISON ADRIAN MI 49221 FOOD SERVICE 4520517 KRIEGHOFF-LENAWEE CO PO BOX 100 ADRIAN MI 49221 CONSTRUCTION CONTRACTOR 2020599 BEAUBIEN INC 3270 N ADRIAN HWY ADRIAN MI 49221 LANDSCAPING 877154 SLUSARSKI EXCAVATING & PAVING 119 GREENLY ST ADRIAN MI 49221 CONSTRUCTION CONTRACTOR 291820 BIANCO TRAVEL & TOURS INC 12555 UNIVERSAL DRIVE TAYLOR MI 48180 TRANSPORTATION 287936 17 719300 15575422 690811 16294722 INSTRUCTION 611310 44592423 44592423 ROOM AND BOARD 611310 12124750 12124750 AUXILIARY 611710 350678 350678 57067851 2427218 2427218 2565319 2251942 313377 313377 313377 1218009 980046 237963 104111 133852 SPECTATOR SPORTS 711210 153555 153555 MUSICAL PERFORMANCES 711130 15890 15890 169445 76510576 56990729 484530 2740595 23280122 23280122 979313 473244 387200 118869 16804186 15770112 697503 336571 1098759 604317 494442 3392654 1886582 1423557 82515 1097860 980039 82980 34841 57297 57297 77373 77373 56446 56446 65200 65200 39940 35160 4780 4194502 3830409 292873 71220 156241 78121 78120 2730692 2087935 625311 17446 1145204 994060 117309 33835 3642401 3642401 934523 934523 2754774 1501268 1253506 426922 426922 LIBRARY 293189 293189 MISCELLANEOUS 63130 63130 BAD DEBT EXPENSE 254 254 63290982 56946988 5648697 695297 1897322 2020604 219933 794633 13113669 2954247 3111289 2137119 1170420 987348 730918 790768 578011 685727 96502034 36830283 55961865 59671751 19570187 21623219 75440 1940524 4272792 23143642 100701846 116749582 4432501 5375401 141315 312034 28320000 30965000 3547856 5039965 1203898 1296931 37645570 42989331 X 14037069 13125384 7733594 6977600 41285613 53657267 63056276 73760251 100701846 116749582 X 13219594 -2515619 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22959880 3400568 -93423 1603500 56446 24607079 22360694 364564 3712135 1624549 1786012 66952 22959880 19602597 1494499 2192902 864475 64829 22360694 30177890 221790 -5213853 1326771 4182729 73730 19602597 1.00000 1 0 2444561 459147 2903708 65342223 24163741 41178482 10882556 1644195 9238361 14162541 11022347 3140194 3211006 3211006 59671751 BENEFICIAL INTEREST IN PERPETUAL TRUST 22989270 CASH SURRENDER VALUE OF LIFE INSURANCE 129372 DEPOSITS 25000 23143642 REFUNDABLE STUDENT DEPOSITS 320732 REFUNDABLE LOAN PROGRAM ADVANCES 976199 1296931 76510576 63290982 13219594 -2262946 -252673 -2515619 10703975 41317593 -23593499 -23593499 64911092 11599484 11599484 76510576 40934460 980046 980046 39954414 23336568 23336568 63290982 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: 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 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF REMAINDER INTERESTS AND PERPETUAL TRUSTS 137,713. ACTUARIAL ADJUSTMENT OF ANNUITY AND PENSION OBLIGATIONS -390,386. TOTAL TO SCHEDULE D, PART XI, LINE 8: -252,673. PART XII, LINE 2D - OTHER ADJUSTMENTS: GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON AUDITED FS -23,280,122. REALIZED GAINS ON SALES OF SECURITIES -313,377. PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWMENT GIFTS 12,120,844. INTEREST AND DIVIDEND INCOME FROM ENDOWMENT INVESTMENTS 458,686. COST OF INVENTORY SOLD -980,046. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY SOLD 980,046. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON AUDITED FS 23,280,122. INVESTMENT MANAGEMENT FEES 56,446. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. 1 SCHOLARSHIPS 1631 23280122 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. X X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 JEFFREY DOCKING 336743 0 75000 0 113235 0 34210 0 15172 0 574360 0 0 0 MICHIGAN FINANCE AUTHORITY 521285150 594519YT1 2002-08-28 5190000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 0 MICHIGAN FINANCE AUTHORITY 521285150 594519J76 2006-03-01 15000000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 0 MICHIGAN FINANCE AUTHORITY 521285150 594519N63 2008-05-29 15000000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 0 MICHIGAN FINANCE AUTHORITY 521285150 594479BA4 2011-09-22 4000000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 0 4760000 5190000 171463 5018537 2004 0 0 1 1 2295000 15000000 177900 14822100 2006 0 0 1 1 1600000 15000000 155825 14844175 2009 0 0 1 1 4000000 89000 3911000 2013 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 X 2 90236 QUOTED MARKET PRICE X 1 33075 THID-PARTY APPRAISAL X MULTIYEAR PLEDGE 10 567500 WRITTEN PROMISE TO PAY 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: 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. FORM 990, PART VI, SECTION B, LINE 11 ALL MEMBERS OF THE FINANCE COMMITTEE AND THE CHAIRPERSON OF THE BOARD OF TRUSTEES ARE GIVEN THE COMPLETE FORM 990 TO REVIEW AND PROVIDED AN OPPORTUNITY FOR DISCUSSION AND TO RECOMMEND REVISIONS TO THE FORM. WHEN SATISFIED AS PROPER, THE FINANCE 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 BY THE SCHOOL'S BUSINESS OFFICE TO THE SCHOOL'S ACCOUNTING RECORDS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES ESTABLISHES THE ANNUAL COMPENSATION FOR 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,262,946. CHANGE IN VALUE OF REMAINDER INTERESTS AND PERPETUAL TRUSTS 137,713. ACTUARIAL ADJUSTMENT OF ANNUITY AND PENSION OBLIGATIONS -390,386. TOTAL TO FORM 990, PART XI, LINE 5: -2,515,619. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 6: ADRIAN COLLEGE IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION WITH TRUSTEES.