2024-05-13T14:00:35-07:00 2023-06-30 440160260 FORVIS LLP 111 E Wayne Street STE 600 Fort Wayne IN 46802 990 2022-07-01 381359083 ALMA COLLEGE ALMA 9894637144 614 W Superior Street Alma MI 48801 Cassie Tennant Controller 9894637144 2024-05-15 1 Cassie Tennant 999009999 1 Lauren Denton P01571860 2604604000 2024-05-10 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Jeff Abernathy 614 W Superior Street Alma MI 48801 115668581 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 27 27 1026 75 620542 0 7698944 13658652 72922474 70488259 9868274 2116543 348384 713825 90838076 86977279 39085717 37327501 0 0 25313160 26411172 0 0 1647452 25765420 28493933 90164297 92232606 673779 -5255327 241298093 256194991 59869154 68526973 181428939 187668018 Alma College's mission is to prepare graduates who think critically, serve generously, lead purposefully and live responsibly as stewards 0 0 76620904 37327501 70571505 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 76620904 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 1 125 0 1 1026 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 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 380000 0 149474 Raymond Barclay Chief Operating Officer 60 X 213436 0 34283 James Carman Vice President of Finance 60 X 198288 0 41409 Scott Wills Vice President of Advancement 60 X 178016 0 25773 Kathleen Dougherty Provost 60 X 161262 0 12648 Damon Brown Vice President of Student Affairs 60 X 143996 0 29310 Ebony Dixon Associate Vice President 60 X 156880 0 15656 Alan Gatlin Chief Operating Officer 60 X 156611 0 12380 Michael Selmon Faculty 50 X 133391 0 25945 Kyle Warner IT Director 50 X 134417 0 22245 Melinda Booth Vice President for Communication and Marketing 60 X 124772 0 19404 Janie Diels Interim Provost 60 X 131906 0 10552 Sarah Dehring VIce President/Director of Athletics 60 X 119000 0 22219 Dan McKean Associate Vice President of Advancement 50 X 120166 0 20898 Scott Dexter Faculty 50 X 127208 0 9988 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 David Larsen Trustee 2 X 0 0 0 Karen Magnuson Trustee 2 X 0 0 0 Edward Osowski 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 Rachelle Jacques Trustee 2 X 0 0 0 Burt Jordan Trustee 2 X 0 0 0 2479349 0 452184 25 0 1 0 Granger Construction Company 6267 Aurelius Road Lansing MI 48911 Construction manager 7445803 Metz Culinary Management LLC 2 Woodland Dr Dallas PA 18612 Food services 3519546 National Management Resources PO Box 1224 Lagrange GA 30241 Housekeeping and Grounds 1684321 Ologie LLC 447 East Main St Columbus OH 43215 Website redesign, brand positioning 654590 Mann's Painting Inc 4710 N Alger Rd Alma MI 48801 Painting and repairs 468266 41 0 0 0 0 2995234 10663418 300815 13658652 Student Tuition and Fees 611310 55086066 55086066 0 0 Student Room and Board 611310 13332098 13332098 0 0 Student Program Fees 611310 2070095 2070095 0 0 0 0 0 0 70488259 3171709 0 -10037 3181746 0 0 0 0 0 0 0 0 558289 0 0 0 558289 0 558289 83226 475063 0 27636136 0 28691302 0 -1055166 0 -1055166 0 0 -1055166 0 69913 0 69913 0 69913 0 Recreation Center User Fees 713940 85623 20 85603 0 0 0 0 0 85623 86977279 70571505 620542 2126580 37327501 37327501 1807286 556164 1073106 178016 17889363 12156206 4797251 935906 1168140 749965 351863 66312 4196445 1179863 2887917 128665 1349938 884643 391512 73783 138082 138082 106361 106361 460091 460091 2918969 2061433 795248 62288 1721224 1101158 595921 24145 3017932 2797108 146365 74459 536228 536228 2150181 2136592 7453 6136 2731745 2585598 118020 28127 282339 234374 43818 4147 1348594 468613 879981 3521319 3521319 1006852 19128 987724 Food Service 2940593 2929989 10604 0 Repairs & Maintenance 4393551 4258327 84363 50861 Special Events 326176 222999 88570 14607 Bad debt expense 673109 673109 0 0 220587 220587 92232606 76620904 13964250 1647452 1937327 649533 1480700 474590 8503553 13783116 2789664 1383492 0 0 0 0 1047782 2216131 200143 2204905 1431314 162257288 72021259 91441367 90236029 105847350 114636668 25243260 30480371 0 0 0 0 802185 703604 241298093 256194991 8012949 6318384 1090238 602827 7950000 7420000 40233790 45511790 1215621 5757741 1366556 2916231 59869154 68526973 X 42618816 51471365 138810123 136196653 181428939 187668018 241298093 256194991 -5255327 11034315 0 460091 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128521753 1036985 13257189 9560000 0 328026 132927901 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 0 0.51 0.49 0 1 0 0 5494646 5494646 0 122627657 54100247 68527410 0 0 0 0 0 18943654 17921012 1022642 0 15191331 0 15191331 90236029 Alternative Investments 30480371 F 30480371 Life income obligations 2771200 Refundable Government loan program 145031 2916231 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 1207 37327501 0 Schedule I, Part I, Line 2 A list of recipients 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 bases of academic achievement, financial need and other standards. X X 1 0 0 0 0 0 0 0 0 Dr Jeffrey Abernathy President 350000 0 30000 0 0 0 134200 0 15274 0 529474 0 0 0 Alan Gatlin Chief Operating Officer 154751 0 0 0 1860 0 12380 0 0 0 168991 0 0 0 Kathleen Dougherty Provost 161262 0 0 0 0 0 12648 0 0 0 173910 0 0 0 Damon Brown Vice President of Student Affairs 133388 0 10608 0 0 0 19890 0 9420 0 173306 0 0 0 James Carman Vice President of Finance 183600 0 14688 0 0 0 26136 0 15274 0 239698 0 0 0 Raymond Barclay Chief Operating Officer 183333 0 28553 0 1550 0 34283 0 0 0 247719 0 0 0 Scott Wills Vice President of Advancement 163083 0 14932 0 0 0 12667 0 13107 0 203789 0 0 0 Schedule J, Part I, Line 4 On July 1, 2022 the Provost and Chief Operating Officers roles were changed to new employees. The provost was removed from the position and received severance of $161,262. The Chief Operating Officer changed to a new role as a construction project manager. Dr Jeff Abernathy participates in a non-qualified deferred compensation plan. A contribution of $50,000 was made on his behalf. No distributions were taken during the tax year. A AMFA 2017 Multi Model Revenue Bond 381359083 2017-05-01 18700000 Refund debt, renovations 0 0 0 A 11280000 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 9988 Fair Market Value X 13 286917 Fair Market Value X 2 2700 Fair Market Value X Busing 1 1210 Fair Market Value 0 0 1 0 Form 990, Part I, Line 6 Approximately 75 community or alumni volunteers who assist with alumni and athletic events. 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 the board of directors prior to its being filed with the IRS. Form 990, Part VI, Section B, Line 12c Each year Broad of Trustee members, executive staff and other 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. Alma Opera Block 614 W Superior Street Alma MI 48801 842694212 Leasing commercial and residential space MI N/A Related -28474 7678671 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