2011-05-16T10:26:51-05:00 2010-06-30 990 2009-07-01 381357980 ADRIAN COLLEGE ADRI 5172655161 110 S MADISON STREET ADRIAN MI 49221 JERRY WRIGHT 5172655161 2011-05-13 2009 2016-02-24 21:20:13Z JERRY WRIGHT 110 S MADISON STREET ADRIAN MI 49221 57111665 0 X WWW.ADRIAN.EDU X 1859 MI ADRIAN COLLEGE IS A LIBERAL ARTS, PRIVATE COLLEGE OFFERING BACHELOR DEGREE PROGRAMS. 29 29 1888 0 421804 0 6720436 4388439 42320693 48003511 3028154 1515725 309108 431169 52378391 54338844 16969576 18433220 0 19810744 19859447 0 699100 14305751 14368420 51086071 52661087 1292320 1677757 95776327 98704383 39268377 38684766 56507950 60019617 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 39190416 14521574 37905805 INSTRUCTION - THE EXEMPT PURPOSE OF THE SCHOOL IS THE TEACHING OF UNDERGRADUATE HIGHER EDUCATION COURSES TO THE SCHOOL'S STUDENTS AND VARIOUS EXTRA-CURRICULAR STUDENT ACTIVITIES IN ORDER FOR THEM TO ACHIEVE A LIBERAL ARTS, BACHELOR DEGREE AND ENJOY A FULL COLLEGE EXPERIENCE. 10556641 3911646 10107071 ROOM AND BOARD - THE EXEMPT PURPOSE IS HOUSING AND FEEDING OF THE COLLEGE'S STUDENTS, ALLOWING THEM TO SUSTAIN RESIDENCY ON CAMPUS TO ATTEND CLASSES AND ACHIEVE A LIBERAL ARTS, BACHELOR DEGREE. 49747057 1 1 0 0 0 0 0 0 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 1 61 0 1 1888 1 1 1 0 0 0 0 0 0 0 0 29 29 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X 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 KURT L DARROW 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 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 LYNN A SCHEFSKY 1.00 X 0 0 0 MICHAEL N SEELYE 1.00 X 0 0 0 JOHN P SHIMKO 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 GARY C VALADE 1.00 X 0 0 0 MARSHA WOOLLEY 1.00 X 0 0 0 PAUL WESTON 1.00 X 0 0 0 RICHARD CREEHAN 40.00 X 192287 0 16168 JEFFREY DOCKING 40.00 X 384792 0 41936 RONALD REEVES 40.00 X 109771 0 20403 JERRY WRIGHT 40.00 X 21506 0 4659 AGNES I CALDWELL 40.00 X 87451 0 23839 795807 0 107005 3 0 1 0 SODEXO RITCHIE MARKET PLACE ADRIAN MI 49221 FOOD SERVICE 3680820 KRIEGHOFF-LENAWEE CO PO BOX 100 ADRIAN MI 49221 CONSTRUCTION CONTRACTOR 1180708 FP HORAK COMPANY 401 SAGINAW STREET BAY CITY MI 48707 PRINTING 387077 BIANCO TRAVEL & TOURS INC 12555 UNIVERSAL DRIVE TAYLOR MI 48180 TRANSPORTATION 290270 METAL DESIGN & MANUFACTURING 17891 RYAN ROAD DETROIT MI 48212 CONSTRUCTION CONTRACTOR 182800 24 973782 3414657 423110 4388439 TUITION AND FEES 611310 37521436 37521436 ROOM AND BOARD 611310 10107071 10107071 AUXILIARY 611710 375004 375004 48003511 1813277 1813277 1524354 1821906 -297552 -297552 -297552 1206558 950915 255643 208843 46800 SPECTATOR SPORTS 711130 135862 135862 MUSICAL PERFORMANCES 711210 39664 39664 175526 54338844 48012876 421804 1515725 18433220 18433220 931585 489629 326420 115536 14437729 13483263 651097 303369 1005682 1005682 2391219 2010533 245520 135166 1093232 986406 74780 32046 142100 142100 109555 109555 64829 64829 3110336 3110336 49580 47680 1900 3628683 3357118 206932 64633 143134 71567 71567 2645010 2383791 244775 16444 660800 572375 56519 31906 922967 922967 2274971 2191206 83765 318724 318724 LIBRARY 238305 238305 BAD DEBT EXPENSE 50000 50000 MISCELLANEOUS 9426 9426 52661087 49747057 2214930 699100 1982846 2401617 855780 765187 14816918 13930962 2342759 1983946 1354233 1395992 646773 706549 699016 745409 85770401 31649921 52623454 54120480 16641109 18862130 267716 3545723 3792111 95776327 98704383 4240457 3990483 146943 30960000 29655000 3000000 3563419 1067920 1328921 39268377 38684766 X 11558653 12182507 7170117 8516728 37779180 39320382 56507950 60019617 95776327 98704383 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19602597 1494499 2192902 864475 64829 22360694 30177890 221790 -5213853 1326771 4182729 73730 19602597 0.00000 1.00000 0.00000 1 0 2270928 459147 2730075 59789474 21128896 38660578 9029951 922587 8107364 12343760 9598438 2745322 1877141 1877141 54120480 REFUNDABLE STUDENT DEPOSITS 261086 REFUNDABLE LOAN PROGRAM ADVANCES 1067835 1328921 54338844 52661087 1677757 706077 1127833 1833910 3511667 35864403 -18135668 -18135668 54000071 338773 338773 54338844 35113953 950915 950915 34163038 18498049 18498049 52661087 Part V, Line 4: Description of Intended Use of Endowment Funds: EARNINGS ON ENDOWMENT INVESTMENTS ARE USED TO FUND ENDOWED SCHOLARSHIPS, LECTURESHIPS, AND CERTAIN FACILITY EXPENSES. Part X: Description of Uncertain Tax Positions Under FIN 48: 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 2010 FINANCIAL STATEMENTS. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF REMAINDER INTERESTS & PERPETUAL TRUSTS: 1171119. ACTUARIAL ADJUSTMENT OF ANNUITY AND PENSION OBLIGATIONS: -43286. Part XII, Line 2d - Other Adjustments: GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON THE FS: -18433220. REALIZED LOSSES ON SALE OF SECURITIES: 297552. Part XII, Line 4b - Other Adjustments: ENDOWMENT GIFTS: 369787. INTEREST AND DIVIDEND INCOME FROM ENDOWMENT INVESTMENTS: 919901. COST OF INVENTORY SOLD: -950915. Part XIII, Line 2d - Other Adjustments: COST OF INVENTORY SOLD: 950915. Part XIII, Line 4b - Other Adjustments: GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON FS: 18433220. INVESTMENT MANAGEMENT FEES: 64829. 1 1 1 ALL FORMS AND POLICIES OF NONDISCRIMINATION ARE MADE AVAILABLE ON THE SCHOOL'S WEBSITE AND IN THE STUDENT HANDBOOK 1 1 1 1 0 0 0 0 0 0 0 0 1 0 ADRIAN COLLEGE PARTICIPATES IN STUDENT AID PROGRAMS SUPPORTED BY THE DEPARTMENT OF EDUCATION. 1 1 SCHOLARSHIPS 1525 18433220 Other Information: Part IV: THE SCHOLARSHIPS GRANTED BY ADRIAN COLLEGE ARE USED TO PAY TUITION, FEE, ROOM, AND BOARD CHARGES ON STUDENT ACCOUNTS. THE SCHOOL IS ALSO ABLE TO MONITOR WHETHER STUDENTS REMAIN AT THE COLLEGE THROUGH THE REGISTRAR'S OFFICE, THE DEAN OF ACADEMIC AFFAIRS' OFFICE, CLASS ATTENDENCE TAKEN BY PROFESSORS, AND HOUSING RECORDS MAINTAINED BY THE STUDENT AFFAIRS' OFFICE. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RICHARD CREEHAN 161674 0 22000 0 8613 0 16168 0 0 0 208455 0 0 0 JEFFREY DOCKING 302622 0 48000 0 34170 0 24498 0 17438 0 426728 0 0 0 MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY 521285150 594519YT1 2002-08-28 5190000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY 521285150 594519J76 2006-03-01 15000000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY 521285150 594519N63 2008-05-29 15000000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 5190000 171463 5018537 2004 0 0 1 1 15000000 177900 14822100 2006 0 0 1 1 15000000 155825 14844175 2009 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.03900 0.03900 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 X 4 68110 QUOTED MARKET PRICE X MULTIYEAR PLEDGE 8 355000 WRITTEN PROMISE TO GIVE 0 1 1 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 A, line 6 ADRIAN COLLEGE IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION WITH TRUSTEES. Form 990, Part VI, Section B, line 11 THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM AND PROVIDES A RECOMMENDATION TO THE FULL BOARD THAT THE FORM 990 BE ACCEPTED AND FILED. THE FULL BOARD THEN VOTES ITS APPROVAL FOR FILING THE FORM 990. 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. FORM 990, PART XI, LINE 2C THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.