2020-07-14T11:32:00-05:00 2019-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2018-07-01 381359081 ALBION COLLEGE ALBI 5176290289 611 EAST PORTER STREET ALBION MI 49224 MARK HOLBROOK CONTROLLER 5176290289 2020-07-10 1 LISA FORT P00223532 2695674500 2020-07-10 23.122.254.12 2020-07-10 15:58:20 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 58F74DC53CB874483B207ADF23CD6921384352E9 2018 2021-01-29 14:40:06Z MAURI DITZLER 611 EAST PORTER STREET ALBION MI 49224 128452658 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. 24 23 1555 28 177536 54189 8784123 18180642 84356117 85272460 7644055 5580084 494833 368083 101279128 109401269 46407626 48942884 0 0 33298020 34185646 9091 0 5017688 30628058 29066111 110342795 112194641 -9063667 -2793372 291387888 288650215 73155866 70100470 218232022 218549745 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 72277206 48942884 68226841 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 1,440 STUDENTS ARE ENROLLED IN THE COLLEGE. 5893414 6929143 AUXILIARY - DINING SERVICES - ALBION COLLEGE IS A RESIDENTIAL INSTITUTION AND THE PRIMARY FUNCTION OF THE DINING AND HOSPITALITY SERVICES, MANAGED BY BON APPETIT 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. 3214318 9355350 AUXILIARY - RESIDENCE HALLS - ALBION COLLEGE IS A COLLEGE COMMUNITY INSTITUTION THAT EMPHASIZES COMMUNITY 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. 18994408 761126 VARIOUS OTHER PROGRAM SERVICES RELATING TO THE ORGANIZATION'S MISSION. 18994408 761126 100379346 1 1 0 0 0 0 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 1 216 0 1 1555 1 1 1 0 0 0 0 1 1 1 2 0 0 0 0 0 X 24 23 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 MAURI A DITZLER PRESIDENT 54.00 0.00 X X 395235 0 58243 J DONALD SHEETS CHAIRMAN 4.00 0.00 X X 0 0 0 KEVIN F ASHER VICE CHAIRMAN 4.00 0.00 X X 0 0 0 DIANE S CARR VICE CHAIRMAN 4.00 0.00 X X 0 0 0 STEPHEN I GREENHALGH VICE CHAIRMAN 4.00 0.00 X X 0 0 0 MICHAEL J HARRINGTON VICE CHAIRMAN 4.00 0.00 X X 0 0 0 THOMAS L LUDINGTON VICE CHAIRMAN 4.00 0.00 X X 0 0 0 MARK E NEWELL VICE CHAIRMAN 4.00 0.00 X X 0 0 0 JEFFREY C PETHERICK VICE CHAIRMAN 4.00 0.00 X X 0 0 0 LAWRENCE B SCHOOK VICE CHAIRMAN 4.00 0.00 X X 0 0 0 JEFFREY D WEEDMAN VICE CHAIRMAN 4.00 0.00 X 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 STEPHEN M G CHARNLEY TRUSTEE 3.00 0.00 X 0 0 0 MAE OLA DUNKLIN TRUSTEE 3.00 0.00 X 0 0 0 FAITH FOWLER TRUSTEE 3.00 0.00 X 0 0 0 DOUGLAS GOERING TRUSTEE 3.00 0.00 X 0 0 0 PAUL HUTH TRUSTEE 3.00 0.00 X 0 0 0 JOANNE MILLER TRUSTEE 3.00 0.00 X 0 0 0 JEFFREY A OTT TRUSTEE 3.00 0.00 X 0 0 0 BILL SCHUETTE TRUSTEE 3.00 0.00 X 0 0 0 SAMUEL J SHAHEEN TRUSTEE 3.00 0.00 X 0 0 0 DENNIS W WAHR TRUSTEE 3.00 0.00 X 0 0 0 MICHAEL E WILLIAMS TRUSTEE 3.00 0.00 X 0 0 0 DEANNA S MCCORMICK VP FOR FINANCE & ADMINISTRATION 46.00 1.00 X 168153 0 16304 ROBERT A ANDERSON VP FOR INSTITUTIONAL ADVANCEMENT 46.00 0.00 X 224991 0 34603 MARC M ROY PROVOST, VP FOR FACULTY 46.00 0.00 X 186785 0 32985 STEVEN J KLEIN VP FOR ENROLLMENT 46.00 0.00 X 185971 0 32600 AMANDA M DUBIEL ACTING VP FOR ENROLLMENT 46.00 0.00 X 88271 0 18462 CONNIE L SMITH ACTING VP FOR STUDENT AFFAIRS 46.00 0.00 X 91018 0 17744 KENNETH E SNYDER ACTING VP FOR STUDENT AFFAIRS 46.00 0.00 X 103941 0 11525 KEENA S WILLIAMS ACTING VP FOR STUDENT AFFAIRS 46.00 0.00 X 65143 0 20851 SALLY J WALKER VP FOR STUDENT AFFAIRS - PART YEAR 46.00 0.00 X 181134 0 15166 VICKI L BAKER PROFESSOR ECONOMICS 46.00 0.00 X 123628 0 20243 PATRICK A MCLEAN DIRECTOR FORD INSTITUTE 46.00 0.00 X 116853 0 21936 MATTHEW R AREND ATHLETIC DIRECTOR 46.00 0.00 X 111651 0 21516 MICHAEL K DEVER DIRECTOR INFORMATION TECHNOLOGY 46.00 0.00 X 108173 0 23768 JOHN W WOELL AVP ACADEMIC AFFAIRS 46.00 0.00 X 105162 0 24420 2256109 0 370366 13 0 1 0 BON APPETIT MANAGEMENT CO 100 HAMILTON AVENUE SUITE 300 PALO ALTO CA 94301 CAMPUS DINING SERVICE CONTRACTOR 5124226 GCA EDUCATION SERVICES INC 1350 EUCLID AVENUE SUITE 1500 CLEVELAND OH 44115 CUSTODIAL SERVICES CONTRACTOR 1119856 BORNOR RESTORATION INC 525 FILLEY STREET LANSING MI 489062975 CONSTRUCTION CONTRACTOR 269811 MIDWEST COLLABORATIVE FOR LIBRARY SVCS 1407 RENSEN ST STE 1 LANSING MI 48910 LIBRARY SERVICES 256449 JONES ENTERPRISES LLC 27 DICKENS SPRING ARBOR MI 49283 CONSTRUCTION CONTRACTOR 220500 14 6920 1262014 16911708 625600 18180642 TUITION AND FEES 611600 68226841 68226841 RESIDENCE HALLS 611600 9355350 9355350 DINING SERVICES 611600 6929143 6929143 OTHER PROGRAM REVENUE 900099 761126 761126 85272460 3700390 177536 3522854 20812604 108403 18959275 82038 1853329 26365 1879694 1879694 3325 6920 2071 1254 1254 54635 8005 46630 46630 MISCELLANEOUS INCOME 900099 320199 320199 320199 109401269 85272460 177536 5770631 30000 30000 47911144 47911144 1001740 1001740 1742262 201362 1317760 223140 23882764 20082092 1653899 2146773 2290153 1761585 318765 209803 4291668 3303246 594965 393457 1978799 1522089 275429 181281 315711 214345 92695 8671 96200 96200 511564 6085 505439 40 10642589 9275963 558217 808409 134717 10938 2396 121383 2627373 2450247 -29085 206211 821665 561631 153286 106748 3211454 2892782 251420 67252 2231737 1620511 361137 250089 312731 105591 184564 22576 2326389 2138581 94411 93397 4815530 4573246 122457 119827 331639 215565 91201 24873 FOOD 201328 150125 36736 14467 485484 350478 115715 19291 112194641 100379346 6797607 5017688 3254043 3644665 6068694 11321017 4684565 5040264 2716660 2863995 68790 28563 754946 855645 198828201 110593430 91656936 88234771 60575581 58227795 118363450 114935016 3244223 3498484 291387888 288650215 12024811 9469203 756645 1229644 51440000 49645000 6275883 7226276 2658527 2530347 73155866 70100470 X 56839209 60190845 75561792 68381395 85831021 89977505 218232022 218549745 291387888 288650215 X -2793372 614500 2496595 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 177207527 8471036 5306500 7929609 8094009 1105052 173856393 180632498 4419842 12518176 4172677 11793460 4396852 177207527 178305135 2031686 17155354 4111739 10746862 2001076 180632498 186829251 1748190 -1059605 4264567 4712816 235318 178305135 193229937 1501731 908220 4001379 4488405 320853 186829251 0.14850 0.51750 0.33400 1 0 3143424 3143424 130119701 75793355 54326346 39199235 13002924 26196311 26365841 21797151 4568690 88234771 GLOBAL MULTI-ASSET EQUITY 81506230 F PARTNERSHIPS 25632409 C REAL ESTATE 7796377 C 114935016 REFUNDABLE PERKINS LOAN PROGRAM 2010206 REFUNDABLE STUDENT DEPOSITS 520141 2530347 71171261 614500 103708 718208 70453053 38948216 38948216 109401269 63406089 154332 154332 63251757 48942884 48942884 112194641 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 93,632. FUNDRAISING EXPENSE 2,071. GAMING EXPENSE 8,005. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 48,942,884. GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT 26,387. NET LOSS ON INVESTMENTS -10,021,055. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 144,256. FUNDRAISING EXPENSE 2,071. GAMING EXPENSE 8,005. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 48,942,884. 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. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITING 900 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INSTRUCTIONAL (STUDY ABROAD PROGRAMS) AND EDUCATOR TRAINING 8978 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS N/A 23840 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS N/A 402010 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS N/A 261690 NORTH AMERICA 0 0 SCHOLARSHIPS N/A 22795 SOUTH AMERICA 0 0 SCHOLARSHIPS N/A 22535 SOUTH ASIA 0 0 SCHOLARSHIPS N/A 268870 0 0 0 0 0 0 1011618 0 1011618 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 23840 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC 13 402010 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 8 261690 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS NORTH AMERICA 1 22795 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS SOUTH AMERICA 1 22535 CHARGE AGAINST TUITION N/A N/A SCHOLARSHIPS SOUTH ASIA 7 268870 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. 54635 3500 4505 1 0.95000 54635 3500 4505 8005 46630 MI 1 0 0 0 1.00000 0.00000 MELISSA WALTON 415 S HANNAH ALBION MI 48801 0 MELISSA WALTON 0 MELISSA WALTON IS THE ASSOCIATE ATHLETIC DIRECTOR FOR THE COLLEGE AND DOES NOT RECEIVE ANY COMPENSATION FOR RUNNING THE RAFFLE. X 0 1 BOHM THEATRE MASTER TENANT LLC 201 S SUPERIOR STREET ALBION MI 49224 471409951 501(C)(3) 30000 N/A N/A SUPPORT OF LOCAL THEATER 1 0 SCHOLARSHIPS 1558 47911144 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 0 0 0 0 0 0 0 0 0 MAURI A DITZLER PRESIDENT 379647 0 0 0 15588 0 46500 0 11743 0 453478 0 0 0 DEANNA S MCCORMICK VP FOR FINANCE & ADMINISTRATION 168153 0 0 0 0 0 15720 0 584 0 184457 0 0 0 ROBERT A ANDERSON VP FOR INSTITUTIONAL ADVANCEMENT 217083 0 0 0 7908 0 24567 0 10036 0 259594 0 0 0 MARC M ROY PROVOST, VP FOR FACULTY 167453 0 0 0 19332 0 22021 0 10964 0 219770 0 0 0 STEVEN J KLEIN VP FOR ENROLLMENT 170491 0 0 0 15480 0 22021 0 10579 0 218571 0 0 0 SALLY J WALKER VP FOR STUDENT AFFAIRS - PART YEAR 172567 0 0 0 8567 0 9794 0 5372 0 196300 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. 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 0 0 A 0 1 0 0 0 1 JPMORGAN CHASE BANK NA 15.000000000000 0 0 0 0 1 A 1 X 13 0 X 0 X 35 431870 ESTIMATED FMV X HORSES 10 156418 APPRAISAL X PROGRAM SUPPORT 5 40398 ACTUAL VALUE 2 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, 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 2017. 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 -605,298. PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 211,641. CHANGE IN VALUE OF ANNUITIES AND OTHER SPLIT-INTEREST OBLIGATIONS 2,932,346. CHANGE IN VALUE INTERESTS IN REMAINDER AND PERPETUAL TRUSTS HELD BY OTHERS -16,745. TRANSFER TO COLCHESTER PROPERTIES -25,349. 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