2022-05-16T14:14:55-05:00 2021-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2020-07-01 381359081 ALBION COLLEGE ALBI 5176290289 611 EAST PORTER STREET ALBION MI 49224 MARK HOLBROOK CONTROLLER 5176290289 2022-05-16 1 MARK HOLBROOK 999009999 AMY CIMINELLO P00796388 2695674500 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOSEPH CALVARUSO 611 EAST PORTER STREET ALBION MI 49224 155263146 0 X WWW.ALBION.EDU X 1835 MI ALBION COLLEGE IS AN UNDERGRADUATE, LIBERAL ARTS INSTITUTION COMMITTED TO ACADEMIC EXCELLENCE. WE ARE LEARNING-CENTERED AND RECOGNIZE THAT VALUABLE LEARNING TAKES PLACE IN AND OUTSIDE OF THE CLASSROOM, ON AND OFF THE CAMPUS. 26 25 1415 0 183551 142551 17161829 19163618 84126888 89673736 4523528 7598513 626838 864158 106439083 117300025 50899073 56525148 0 0 34513360 36073489 0 0 4225554 28439580 30346699 113852013 122945336 -7412930 -5645311 280606342 312037412 77419650 71871791 203186692 240165621 X ALBION COLLEGE IS AN UNDERGRADUATE, LIBERAL ARTS INSTITUTION COMMITTED TO ACADEMIC EXCELLENCE. WE ARE LEARNING-CENTERED AND RECOGNIZE THAT VALUABLE LEARNING TAKES PLACE IN AND OUTSIDE OF THE CLASSROOM, ON AND OFF THE CAMPUS. 0 0 79486804 56525148 74008678 INSTRUCTIONAL - ALBION COLLEGE IS A PRIVATE, SELECTIVE, COEDUCATIONAL, RESIDENTIAL INSTITUTION OF HIGHER EDUCATION AFFILIATED WITH THE UNITED METHODIST CHURCH, BUT NON-SECTARIAN IN PRACTICE. THE COLLEGE PRINCIPALLY OFFERS ACADEMIC COURSES AND PROGRAMS LEADING TO A BACHELORS DEGREE IN LIBERAL ARTS. APPROXIMATELY 1,425 STUDENTS ARE ENROLLED IN THE COLLEGE. 5613064 0 6604495 AUXILIARY - DINING SERVICES - ALBION COLLEGE IS A RESIDENTIAL INSTITUTION AND THE PRIMARY FUNCTION OF THE DINING AND HOSPITALITY SERVICES, MANAGED BY METZ MANAGEMENT COMPANY, IS TO PROVIDE FOOD FOR OUR STUDENTS, FACULTY, STAFF, AND GUESTS. WE STRIVE TO PROVIDE A WIDE SELECTION OF HIGH QUALITY PRODUCTS AND SERVICES THROUGH A VARIETY OF EXPERIENCES. THESE EXPERIENCES REFLECT OUR COMMITMENT TO BEING RESPONSIVE TO THE CHANGING NEEDS AND DESIRES OF OUR DIVERSE AUDIENCE. OPERATIONS INCLUDE AN ALL-YOU-CAN-EAT DINING HALL, QUICK-SERVE RESTAURANT, A COFFEE SHOP, LODGING, CATERING SERVICES, FACULTY/STAFF LUNCH BUFFET AND CONFERENCE AND EVENT SERVICES. 2488650 0 8800585 AUXILIARY - RESIDENCE HALLS - ALBION COLLEGE IS A COLLEGE COMMUNITY INSTITUTION THAT EMPHASIZES COMMUNITY AND INCLUSION THROUGH EDUCATION IN AND OUT OF THE CLASSROOM. ALBION COLLEGE STRIVES TO PROVIDE OUR STUDENTS WITH QUALITY HOUSING THAT ENHANCES A STUDENT'S LEARNING EXPERIENCE. 18028317 0 259978 VARIOUS OTHER PROGRAM SERVICES RELATING TO THE ORGANIZATION'S MISSION. (KELLOGG CTR, CONF SERVICES, EQUESTRIAN CTR, W&G ROOM RENTAL) 18028317 0 259978 105616835 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 0 0 1 1 0 1 0 1 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 191 0 1 1415 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARK HOLBROOK 5176290289 611 EAST PORTER STREET ALBION MI 49224 DR MATHEW JOHNSON PRESIDENT 54.00 0.00 X X 233130 0 27926 ROBERT A ANDERSON VP INST. ADV - DEPARTED 1/15/21 25.00 0.00 X 234648 0 19308 DEANNA S MCCORMICK VP FOR FINANCE & MGT - FORMER 0.00 0.00 X 232375 0 15962 HERNAN M BUCHELI VP FOR ENROLL - DEPARTED 5/31/21 23.00 0.00 X 203372 0 16395 MARC M ROY PROVOST, VP FOR FACULTY - FORMER 42.00 0.00 X 190973 0 15832 LEROY WRIGHT VP FOR STUDENT DEVELOPMENT 46.00 0.00 X 168203 0 14420 DOUGLAS E LADITKA AVP FACILITIES OPERATIONS 45.00 1.00 X 144505 0 13510 VICKI L BAKER FACULTY 42.00 0.00 X 142286 0 11878 RON B MOURAD PROVOST, VP FOR FACULTY 46.00 0.00 X 109873 0 29973 MCLEAN PATRICK A PROGRAM DIRECTOR 42.00 0.00 X 114067 0 18367 MATTHEW R AREND ATHLETIC DIRECTOR 46.00 0.00 X 116696 0 11858 AMANDA M DUBIEL AVP ADMISSIONS 42.00 0.00 X 113195 0 11559 TAMARA A RUMMEL VP ADVANCEMENT - DEPARTED 6/30/21 21.00 0.00 X 103605 0 10969 KEENA S WILLIAMS CHIEF BELONGING OFFICER 46.00 0.00 X 91760 0 11560 KELLY D FINN CHIEF OF STAFF 46.00 0.00 X 57858 0 6988 KEVIN F ASHER CHAIR AUDIT AND COMPLIANCE 4.00 0.00 X 0 0 0 DAVID A BARD TRUSTEE 3.00 0.00 X 0 0 0 JOSEPH S CALVARUSO TRUSTEE 3.00 0.00 X 0 0 0 CHELSEI R CARPENTER TRUSTEE 4.00 0.00 X 0 0 0 MAE OLA DUNKLIN CHAIR OF INFRASTRUCTURE 4.00 0.00 X 0 0 0 DOUGLAS GOERING TRUSTEE 3.00 0.00 X 0 0 0 KATE HAO TRUSTEE 3.00 0.00 X 0 0 0 MICHAEL J HARRINGTON EXECUTIVE CHAIRMAN 5.00 0.00 X 0 0 0 PAUL HUTH TRUSTEE 3.00 0.00 X 0 0 0 KEITH JAMES TRUSTEE 3.00 0.00 X 0 0 0 THOMAS L LUDINGTON TRUSTEE 4.00 0.00 X 0 0 0 ALLISON MAKI TRUSTEE 3.00 0.00 X 0 0 0 BRIAN MCPHEELY CHAIR OF STUDENT DEVELOPMENT 4.00 0.00 X 0 0 0 JOANNE MILLER CHAIR OF ENROLLMENT/MARKETING 3.00 0.00 X 0 0 0 JEFFREY A OTT TRUSTEE 3.00 0.00 X 0 0 0 ALEC PALMER TRUSTEE 3.00 0.00 X 0 0 0 JEFFREY C PETHERICK CHAIR INVESTMENT 4.00 0.00 X 0 0 0 LAWRENCE B SCHOOK CHAIR ACADEMIC AFFAIRS 4.00 0.00 X 0 0 0 SAMUEL J SHAHEEN TRUSTEE 3.00 0.00 X 0 0 0 J DONALD SHEETS CHAIR FINANCE 4.00 0.00 X 0 0 0 DENNIS W WAHR TRUSTEE 3.00 0.00 X 0 0 0 JEFFREY D WEEDMAN CHAIR TRUSTEESHIP 4.00 0.00 X 0 0 0 MICHAEL E WILLIAMS TRUSTEE 3.00 0.00 X 0 0 0 TIMOTHY WYMAN TRUSTEE 3.00 0.00 X 0 0 0 JEFFREY YOULE TRUSTEE 3.00 0.00 X 0 0 0 RAYMOND D BARCLAY CPO - BEGAN 2/1/21 45.00 0.00 X 0 0 0 GARY R BLACK CFO - BEGAN 2/1/21 45.00 1.00 X 0 0 0 2256546 0 236505 17 1 1 0 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 4452703 PROGRESSIVE AE INC 1811 FOUR MILE ROAD NE GRAND RAPIDS MI 48525 CONSTRUCTION SERVICES 987794 CGA EDUCATION SERVICES PO BOX 643823 PITTSBURGH PA 15264 CUSTODIAL SERVICES 833562 PRESIDIO HOLDING INC PO BOX 677638 DALLAS TX 75267 INFRASTRUCTOR CONTRACTOR 800510 MICHAEL KINDER AND SONS INC PO BOX 10572 FORT WAYNE IN 46853 CONSTRUCTION SERVICES 671711 34 8647321 10516297 921355 19163618 TUITION AND FEES 611600 74008678 74008678 RESIDENCE HALLS 611600 8800585 8800585 DINING SERVICES 611600 6604495 6604495 OTHER PROGRAM REVENUE 900099 259978 259978 89673736 3879423 183551 3695872 41591438 85814 37832230 125932 3759208 -40118 3719090 3719090 18640 4959 13681 13681 MISCELLANEOUS INCOME 900099 570770 570770 ENERGY REBATE 900099 234995 234995 KITCHEN CHARGES 900099 44712 44712 850477 117300025 89673736 183551 8279120 40000 40000 56485148 56485148 1925360 161493 1528694 235173 25482191 21313344 2274615 1894232 2318322 1596267 557935 164120 4344477 2993223 1043472 307782 2003139 1379251 482081 141807 4511120 1136747 3338088 36285 91250 91250 527344 6379 520965 6313245 5259324 175892 878029 162567 117008 43497 2062 2542022 1710592 725709 105721 652883 195719 293352 163812 2717646 1945862 736817 34967 449878 392381 32800 24697 342153 108438 200353 33362 2086025 1641986 386558 57481 4700691 4344960 273132 82599 488458 318060 134501 35897 FOOD 4337722 4298531 36259 2932 423695 172122 226977 24596 122945336 105616835 13102947 4225554 13577009 4308535 7897287 5871228 5444590 5165330 3154049 2788369 27450 4375 684103 1008967 209699539 119803104 88086519 89896435 55338755 60932856 103585563 137466492 2811017 4594825 280606342 312037412 9817274 12810554 6971773 286566 47770000 45810000 9845629 10452719 3014974 2511952 77419650 71871791 X 52296570 52122920 150890122 188042701 203186692 240165621 280606342 312037412 X -5645311 39690248 2933992 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 1026000 708693 1 1 X X X X 0 162423187 -124757 47026102 5106495 5078790 -106450 199245697 173856393 5568341 -2447969 16455065 -1901487 162423187 177207527 8471036 5306500 7929609 8094009 1105052 173856393 180632498 4419842 12518176 4172677 11793460 4396852 177207527 178305135 2031686 17155354 4111739 10746862 2001076 180632498 0.09740 0.49180 0.41080 1 0 3116352 3116352 130886593 85010945 45875648 46188838 10537503 35651335 29507756 24254656 5253100 89896435 GLOBAL MULTI-ASSET EQUITY 92217841 F PARTNERSHIPS 35081242 C REAL ESTATE 10167409 C 137466492 REFUNDABLE PERKINS LOAN PROGRAM 2150574 REFUNDABLE STUDENT DEPOSITS 361378 2511952 100482328 39690248 17203 39707451 60774877 56525148 56525148 117300025 66505890 85702 85702 66420188 56525148 56525148 122945336 PART III, LINE 1A: THE COLLEGE DOES NOT RECOGNIZE OR CAPITALIZE THE COLLECTIONS OF RARE BOOKS, ORIGINAL PAINTINGS, VALUABLE PRINTS, AND OTHER ORIGINAL WORKS OF ART THAT HAVE BEEN RECEIVED AS DONATIONS OVER THE YEARS. COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, ARE PROTECTED, CARED FOR, AND PRESERVED AND ARE SUBJECT TO POLICY THAT REQUIRES PROCEEDS FROM SALE OF ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTIONS. PART III, LINE 4: ART COLLECTION - A MISSION OF THE DEPARTMENT IS TO EXPOSE OUR STUDENTS AND THE COMMUNITY TO FINE ARTS OF THE PAST AND PRESENT. TO THIS END, WE TEACH CLASSES AND CREATE EXHIBITIONS, DRAWING UPON OUR COLLECTION AND OF OUR CONTEMPORARIES. OUR TWO GALLERIES ARE THE VENUE FOR TWELVE EXHIBITIONS PER ACADEMIC YEAR WHICH ARE OPEN TO THE COLLEGE AND THE GENERAL PUBLIC. LIBRARY COLLECTION - THE LIBRARY COLLECTIONS HAVE THEIR ROOTS IN THE HISTORY OF ALBION COLLEGE. THEY FORM A VALUABLE ACADEMIC RESOURCE THAT SUPPORT OUR CENTRAL LIBERAL ARTS MISSION. THE COLLECTIONS ARE OPEN TO STUDENTS FOR STUDY AND RESEARCH AND PROVIDE A UNIQUE EXPERIENCE IN UNDERSTANDING LITERATURE, HISTORY AND THE HISTORY OF SCIENCE AND NATURAL HISTORY. PART V, LINE 4: ENDOWMENTS SUPPORT THE EDUCATIONAL PURPOSES OF THE COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 8,901. NON-OPERATING ACTIVITY 8,302. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 56,525,148. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 85,702. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 56,525,148. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL PAMPHLETS, BROCHURES AND RECRUITING MATERIALS CONTAIN THE FOLLOWING LANGUAGE, "ALBION COLLEGE IS COMMITTED TO A POLICY OF EQUAL OPPORTUNITY AND NON-DISCRIMINATION ON THE BASIS OF SEXUAL ORIENTATION AND OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, AGE OR DISABILITY, AS PROTECTED BY LAW, IN ALL EDUCATIONAL PROGRAMS AND ACTIVITIES, ADMISSION OF STUDENTS AND CONDITIONS OF EMPLOYMENT." SCHEDULE E, PART I, LINE 6 TITLE IV AID FROM THE FEDERAL DEPARTMENT OF EDUCATION (SEOG, PELL, PERKINS LOANS, AND DIRECT LENDING LOANS) AND MICHIGAN GIFT AND MICHIGAN PROMISE FROM THE STATE OF MICHIGAN. LINE 6: ON MARCH 11, 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF A RESPIRATORY DISEASE CAUSED BY A NEW CORONAVIRUS A PANDEMIC, NOW KNOWN AS COVID-19. IN RESPONSE TO THE COVID-19 PANDEMIC, GOVERNMENTS HAVE TAKEN PREVENTATIVE OR PROTECTIVE ACTIONS, SUCH AS TEMPORARY CLOSURES OF NON-ESSENTIAL BUSINESSES AND "SHELTER-AT-HOME" GUIDELINES FOR INDIVIDUALS. AS A RESULT, THE GLOBAL ECONOMY HAS BEEN NEGATIVELY AFFECTED, AND THE COLLEGE'S OPERATIONS WERE ALSO IMPACTED. DUE TO THE "SHELTER-AT-HOME" GUIDELINES DURING APRIL AND MAY 2020, THE COLLEGE SHIFTED TO A REMOTE ONLINE LEARNING ENVIRONMENT AND CLOSED ON-CAMPUS HOUSING. THE COLLEGE ISSUED ROOM AND BOARD REFUNDS TO STUDENTS. THE COLLEGE ALSO HAD MANY ATHLETIC EVENTS, SUMMER CAMPS AND CONFERENCES CANCELLED OR TEMPORARILY POSTPONED UNTIL THE "SHELTER-AT-HOME" GUIDELINES WERE REDUCED OR REMOVED, WHICH RESULTED IN LOST REVENUES FOR THE COLLEGE FOR THE YEAR ENDED JUNE 30, 2020. EMPLOYEES WERE ENCOURAGED TO WORK FROM HOME AND CRISIS PAY WAS PAID TO INDIVIDUALS WHO COULD NOT WORK BECAUSE OF THE PANDEMIC. OTHER IMPACTS THE COLLEGE HAS SEEN SAVINGS FROM BUILDING OPERATIONS AND EVALUATION OF ADDITIONAL COSTS FOR PERSONAL PROTECTION EQUIPMENT SUPPLIES FOR STAFF, FACULTY, AND STUDENTS TO PREPARE FOR ON-CAMPUS EDUCATION FOR THE FALL 2020 SEMESTER. TO OFFSET THE FINANCIAL IMPACT TO STUDENTS AND THE LOSSES INCURRED BY THE COLLEGE DUE TO THE DISRUPTION CAUSED BY COVID-19, THE COLLEGE RECEIVED GRANTS AND OTHER RELIEF PRIMARILY FROM THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT. THE COLLEGE WAS ALLOCATED HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) GRANTS TOTALING $1,831,231, OF WHICH 50 PERCENT WAS REQUIRED TO BE GIVEN DIRECTLY TO STUDENTS. FOR THE YEAR ENDED JUNE 30, 2020, THE COLLEGE RECOGNIZED HEERF GRANT REVENUE TOTALING $1,438,400. IN ADDITION, THE COLLEGE WAS APPROVED ON JUNE 23, 2020, THE COLLEGE RECEIVED A PAYCHECK PROTECTION PROGRAM (PPP) TERM NOTE THROUGH FIRST NATIONAL BANK OF MICHIGAN OF APPROXIMATELY $6,008,000. THE NOTE WAS ISSUED PURSUANT TO THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT'S PAYCHECK PROTECTION PROGRAM. THE NOTE STRUCTURE REQUIRED COLLEGE OFFICIALS TO CERTIFY CERTAIN STATEMENTS THAT PERMITTED THE COLLEGE TO QUALIFY FOR THE LOAN AND PROVIDES LOAN FORGIVENESS FOR A PORTION UP TO ALL OF THE BORROWED AMOUNT IF THE COLLEGE USES THE LOAN PROCEEDS FOR THE PERMITTED LOAN PURPOSES DESCRIBED IN THE NOTE AGREEMENT; THE COLLEGE WAS NOTIFIED THAT THIS FUNDING WAS FORGIVEN ON JUNE 16, 2021. THE COLLEGE ALSO RECEIVED ADDITIONAL GRANTS AND OTHER RELIEF PRIMARILY FROM THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA) PROVIDING ROUGHLY $916,000 DIRECTLY TO STUDENTS AND $1,814,000 IN INSTITUTIONAL RELIEF ALONG WITH $89,000 IN HEERF SIP FUNDING FOR COVID-19 RELATED LOSSES AND EXPENSES. IN TOTAL, THE FUNDING FROM THESE SOURCES TOTALED $9,200,000 AND $1,438,000 FOR WHICH THE COLLEGE HAS RECORDED REVENUE IN THE FORM OF GOVERNMENT APPROPRIATIONS OF $8,100,000 AND $719,000 FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. THE COLLEGE DOES NOT RECOGNIZE THE DIRECT STUDENT PAYMENTS OF $1,100,000 AND $719,000 AS REVENUE BUT RATHER AS A PASS THROUGH AS THE COLLEGE DOES NOT DIRECTLY BENEFIT FROM THESE PAYMENTS. THE SEVERITY OF THE CONTINUED IMPACT DUE TO COVID- 19 ON THE COLLEGE'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING, BUT NOT LIMITED TO, THE DURATION AND SEVERITY OF THE PANDEMIC AND THE EXTENT AND SEVERITY OF THE IMPACT ON THE COLLEGE'S COMMUNITY, ALL OF WHICH ARE UNCERTAIN AND CANNOT BE PREDICTED. 1 0 0 0 0 0 0 0 0 0 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 2 70585 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 25200 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 25585 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 94690 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 42300 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 46200 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 71105 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 8 358050 CHARGE AGAINST TUITION N/A N/A 1 0 0 1 1 0 PART I, LINE 2: GRANT FUNDS ARE NOT USED OUTSIDE THE UNITED STATES WITH THE POSSIBLE EXCEPTION OF TRAVEL COSTS INCURRED BY RESEARCHERS COLLABORATING WITH PEERS IN FOREIGN COUNTRIES. PART III, COL (C): ADMISSIONS MAINTAINS DATA TO TRACK RECIPIENTS BY COUNTRY. PART III ACCOUNTING METHOD: 1000 0 17640 3500 1459 1 0.95000 18640 3500 1459 4959 13681 MI 1 0 0 0 1.00000 0.00000 MELISSA WALTON 415 S HANNAH ALBION MI 48801 0 MELISSA WALTON MELISSA WALTON IS THE ASSOCIATE ATHLETIC DIRECTOR FOR THE COLLEGE AND DOES NOT RECEIVE ANY COMPENSATION FOR RUNNING THE RAFFLE. X 0 1 FRIENDS OF THE BOHM THEATRE 201 S SUPERIOR STREET ALBION MI 49224 471409951 501(C)(3) 40000 N/A N/A SUPPORT OF LOCAL THEATER 1 0 SCHOLARSHIPS 1405 56485148 N/A N/A PART I, LINE 2: GRANTS ARE PROCURED BY FACULTY WITH THE ASSISTANCE OF THE COLLEGE'S GRANT MANAGER. MONITORING IS DONE BY GRANTEE, GRANT MANAGER AND SENIOR ACCOUNTANT FOR COMPLIANCE. ACTIVITY IS AUDITED AND REPORTED ANNUALLY IN THE COLLEGE'S FINANCIAL STATEMENTS. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 DR MATHEW JOHNSON PRESIDENT 228905 0 0 0 4225 0 23085 0 4841 0 261056 0 0 0 ROBERT A ANDERSON VP INST. ADV - DEPARTED 1/15/21 226197 0 0 0 8451 0 13795 0 5513 0 253956 0 0 0 DEANNA S MCCORMICK VP FOR FINANCE & MGT - FORMER 96823 0 0 0 135552 0 15962 0 0 0 248337 0 0 0 HERNAN M BUCHELI VP FOR ENROLL - DEPARTED 5/31/21 80207 0 0 0 123165 0 11176 0 5219 0 219767 0 0 0 MARC M ROY PROVOST, VP FOR FACULTY - FORMER 80532 0 0 0 110441 0 10058 0 5774 0 206805 0 0 0 LEROY WRIGHT VP FOR STUDENT DEVELOPMENT 159752 0 0 0 8451 0 9938 0 4482 0 182623 0 0 0 DOUGLAS E LADITKA AVP FACILITIES OPERATIONS 132297 0 0 0 12208 0 8426 0 5084 0 158015 0 0 0 VICKI L BAKER FACULTY 133835 0 0 0 8451 0 6960 0 4918 0 154164 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THIS IS NOT TREATED AS A TAXABLE BENEFIT. THE PRESIDENT RECEIVES HOUSEKEEPING SERVICES BECAUSE OF SCHOOL RELATED FUNCTIONS CONDUCTED IN THE RESIDENCE. THIS IS NOT TREATED AS A TAXABLE BENEFIT. PART I, LINE 4A DEANNA MCCORMICK RECEIVED SEVERANCE IN THE AMOUNT OF 135,552 MARC ROY RECIEVED SEVERANCE IN THE AMOUNT OF 89,782 HERNAN BUCHELI RECIEVED SEVERANCE IN THE AMOUNT 106,623 A MICHIGAN FINANCE AUTHORITY LIMITED OBLIGATION HIGHER EDUCATION FACILITIES 800596186 2017-05-17 53165000 TO REPLACE LETTER OF CREDIT WITH NON-BANK QUALIFIED TAX EXEMPT BOND 0 0 0 A 53165000 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 1 JPMORGAN CHASE BANK NA 14.000000000000 0 0 0 0 1 A 1 X 39 802021 ESTIMATED FMV X HORSES 8 119334 APPRAISAL 5 0 1 1 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED NOT THE NUMBER OF ITEMS. PART I, LINE 32B: THE ORGANIZATION SEEKS PROFESSIONAL ASSISTANCE, AS NEEDED, TO SELL NON-CASH CONTRIBUTIONS. PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT REVENUES OR CORRESPONDING EXPENSE FOR COLLECTIONS OF ART OR BOOKS. FORM 990, PART VI, SECTION A, LINE 2 J. DONALD SHEETS, JOSEPH CALVARUSO, MIKE HARRINGTON AND SAMUEL SHAHEEN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE BUSINESS OFFICE PROCESS AND FORWARD THE 990 PREPARATION INFORMATION TO AN ELECTRONIC PREPARER AND THE DRAFT FORM 990 IS SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND ALL COLLEGE OFFICERS. THE FORM 990 REVIEW COMMITTEE, COMPRISED OF THE AUDIT AND COMPLIANCE COMMITTEE AND OTHER BOARD MEMBERS AS APPROPRIATE, CONDUCT A RIGOROUS REVIEW OF THE FORM 990. OTHER BOARD MEMBERS MAY SUBMIT REVIEW STATEMENTS TO THE FORM 990 REVIEW COMMITTEE. THIS COMMITTEE REPORTS CHANGES AND CLARIFICATIONS TO THE BUSINESS OFFICE AS NECESSARY. PRIOR TO SUBMISSION OF THE FORM 990 TO THE IRS, ALL MEMBERS OF THE BOARD OF TRUSTEES AND ALL COLLEGE OFFICERS RECEIVE A COPY OF THE FINAL VERSION OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST DOCUMENT IS APPROVED BY THE AUDIT AND COMPLIANCE SUBCOMMITTEE ANNUALLY. THE APPROVED DOCUMENT IS THEN DISTRIBUTED TO BOARD MEMBERS, FACULTY, AND STAFF, AND ALL DOCUMENTS ARE COLLECTED PRIOR TO FINAL RELEASE OF THE 990 TO THE IRS. MEMBERS OF THE BOARD, PRESIDENT'S ADMINISTRATIVE COMMITTEE, FACULTY, AND STAFF WHO HAVE A CONFLICT OF INTEREST IN ANY MATTER SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION. THE PERSON OR PERSONS INVOLVED WILL NOT VOTE ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION PROCESS INCLUDED 1) REVIEW OF GROUP COMPENSATION, 2) ADVISEMENT FROM INDEPENDENT SEARCH CONSULTANT, 3) DISCUSSIONS OF PRESIDENTIAL SEARCH SUB-COMMITTEE OF THE BOARD OF DIRECTORS. OTHER OFFICERS AND KEY EMPLOYEES, MOST RECENTLY HIRED 2020. COMPENSATION DETERMINATION PROCESS INCLUDED 1) REVIEW OF PEER GROUP COMPENSATION, 2) ADVISEMENT FROM INDEPENDENT SEARCH CONSULTANTS, AND 3) CONSULTATION WITH PRESIDENTS OF OTHER HIGHER EDUCATION INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS ARE FORWARDED TO THE ALBION COLLEGE BUSINESS OFFICE WHERE A PAPER COPY IS PROVIDED TO THE REQUESTEE WITHIN A FEW DAYS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 1,479,584. PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 1,434,391. TRANSFER FROM COLCHESTER PROPERTIES 20,017. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BRITON INVESTMENTS LLC 611 EAST PORTER STREET ALBION MI 49224 271782807 REAL ESTATE HOLDING MI 0 489168 ALBION COLLEGE COLCHESTER PROPERTIES INC 611 EAST PORTER STREET ALBION MI 49224 382025320 REAL ESTATE HOLDING MI 501(C)(2) N/A ALBION COLLEGE 1 BRITON ACRES INC 611 EAST PORTER STREET ALBION MI 49224 381361836 REAL ESTATE HOLDING MI ALBION COLLEGE C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0