2016-05-16T09:06:30-05:00 2015-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2014-07-01 381359081 ALBION COLLEGE ALBI 5176290289 611 EAST PORTER STREET ALBION MI 49224 JERRY WHITE VP FOR FINANCE AND ADMINISTRATION 5176290289 2016-05-13 1 CAROL LALONDE CPA P00181637 2695674500 2014 2016-08-17 19:52:53Z JERRY WHITE 611 EAST PORTER STREET ALBION MI 49224 242400057 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. 22 21 1368 31 0 115817 6416340 7624087 57387277 58141321 5077838 6808016 799266 529844 69680721 73103268 24469460 25307858 0 0 26573639 27848852 40414 30693 4103334 26532361 26996410 77615874 80183813 -7935153 -7080545 320016109 305461488 79346943 77511933 240669166 227949555 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 47529952 25307858 46679349 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 1,250 STUDENTS ARE ENROLLED IN THE COLLEGE. 4697076 4593436 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. 3312259 6426476 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. 12515292 442060 VARIOUS OTHER PROGRAM SERVICES RELATING TO THE ORGANIZATION'S MISSION. 12515292 442060 68054579 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 1 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 132 0 1 1368 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JERRY L WHITE 5172060289 611 EAST PORTER STREET ALBION MI 49224 KEVIN F ASHER TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH S CALVARUSO TRUSTEE 1.00 0.00 X 0 0 0 DIANE S CARR TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN M G CHARNLEY TRUSTEE 1.00 0.00 X 0 0 0 GEORGE S CHAVEL TRUSTEE 1.00 0.00 X 0 0 0 MAURI A DITZLER PRESIDENT 45.00 0.00 X X 148081 0 40999 FAITH FOWLER TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN I GREENHALGH TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J HARRINGTON TRUSTEE 1.00 0.00 X 0 0 0 ROBERT B HETLER TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH L KIESEY TRUSTEE 1.00 0.00 X 0 0 0 THOMAS L LUDINGTON TRUSTEE 1.00 0.00 X 0 0 0 ROBERT D MUSSER III TRUSTEE 1.00 0.00 X 0 0 0 MARK E NEWELL TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY A OTT TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY C PETHERICK TRUSTEE 1.00 0.00 X 0 0 0 LAWRENCE B SCHOOK TRUSTEE 1.00 0.00 X 0 0 0 BILL SCHUTTE TRUSTEE 1.00 0.00 X 0 0 0 SAMUEL J SHAHEEN TRUSTEE 1.00 0.00 X 0 0 0 J DONALD SHEETS CHAIRMAN 1.00 0.00 X 0 0 0 DON W STRITE TRUSTEE 1.00 0.00 X 0 0 0 PAUL D TOBIAS TRUSTEE 1.00 0.00 X 0 0 0 DENNIS W WAHR TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY D WEEDMAN TRUSTEE 1.00 0.00 X 0 0 0 HOLLIS WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL L FRANDSEN PRESIDENT - INTERIM 40.00 4.00 X X 115343 0 19555 ANNE H HUNTER TRUSTEE (PART YEAR) 1.00 0.00 X 0 0 0 DAVID K JOHNSON TRUSTEE (PART YEAR) 1.00 0.00 X 0 0 0 CAROL A LEISENRING TRUSTEE (PART YEAR) 1.00 0.00 X 0 0 0 WILLIAM A RITTER TRUSTEE (PART YEAR) 1.00 0.00 X 0 0 0 JERRY L WHITE VP FOR FINANCE & ADMINISTRATION 45.00 0.00 X 59232 0 8446 SALLY J WALKER VP FOR STUDENT AFFRS AND DEAN OF STUDENTS 45.00 0.00 X 154239 0 28127 BARBARA KEYES DIRECTOR 45.00 0.00 X 117334 0 0 JOHN THOMPSON ASSOCIATE VP FOR MARKETING 45.00 0.00 X 104574 0 0 MATTHEW VANDENBERG ASSOCIATE VP FOR DEVELOPMENT 45.00 0.00 X 120527 0 0 PATRICK MCLEAN INSTITUTE DIRECTOR 45.00 0.00 X 102205 0 0 DONNA M RANDALL CHANCELLOR 45.00 0.00 X 146303 0 27220 1067838 0 124347 9 1 1 0 BON APPETIT MANAGEMENT CO 100 HAMILTON AVENUE SUITE 300 PALO ALTO CA 94301 CAMPUS DINING SERVICE CONTRACTOR 4014110 AMERICAN BUILDING MAINTENANCE 900 WILSHIRE DRIVE SUITE 310 TROY MI 48084 CUSTODIAL SERVICES CONTRACTOR 922407 CITY OF ALBION 112 W CASS STREET ALBION MI 49224 WATER/SEWER/PROPERTY/PERMITS 691011 D & H CONSTRUCTION LLC 13787 FOLKS ROAD HANOVER MI 49241 BUILDING CONTRACTOR 244860 CDW-GOVERNMENT INC 75 REMITTANCE DRIVE SUITE 1515 CHICAGO IL 606751515 COMPUTER SUPPLIER 239499 25 258269 421268 6944550 662058 7624087 TUITION AND FEES 611600 46679349 46679349 RESIDENT/DINING 611600 11019912 11019912 OTHER PROGRAM REVENUE 900099 442060 442060 58141321 4148430 4148430 171639084 276766 169148945 107319 2490139 169447 2659586 2659586 5796 258269 36446 -30650 -30650 48088 4079 44009 44009 MISCELLANEOUS INCOME 900099 516485 516485 516485 73103268 58141321 0 7337860 X 40000 40000 25063395 25063395 204463 204463 737462 121740 615722 20463291 16323010 2288302 1851979 1778191 1414372 200395 163424 3333470 2651183 375807 306480 1536438 1222081 173149 141208 264131 129393 128297 6441 87475 87475 30693 30693 948756 337968 593301 17487 9295338 7510865 1423980 360493 294616 928 13445 280243 3012977 2567658 124757 320562 3936048 3391801 405628 138619 1466394 1140126 200268 126000 372703 204003 163824 4876 1534018 1324169 140883 68966 4683950 4002878 537971 143101 453012 226506 203855 22651 FOOD 109731 86084 17312 6335 INTEREST INSURANCE EXPE 6540 610 5930 530721 91346 325599 113776 80183813 68054579 8025900 4103334 6973558 8868277 2911080 4447232 4555248 4572350 1874764 2232267 118172 112178 1043184 659599 184898241 98011162 89394327 86887079 56155174 62457723 150877804 129315467 6112798 5909316 320016109 305461488 15593294 15860026 515917 165839 57920000 56405000 2794504 2594897 2523228 2486171 79346943 77511933 X 77970365 66132335 88004745 85834757 74694056 75982463 240669166 227949555 320016109 305461488 X -7080545 -5803332 164266 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 193229937 1501731 908220 4001379 4488405 320853 186829251 175131823 1658010 29406236 5995412 6569929 400791 193229937 166697848 940844 19816237 3816358 7967748 539000 175131823 173225293 10169421 -8168957 3802378 4294531 431000 166697848 143511577 6310362 30918290 3360143 3713793 441000 173225293 0.18090 0.40670 0.41240 1 0 2741347 2741347 127836128 66633011 61203117 25260272 8398130 16862142 29060494 22980021 6080473 86887079 GLOBAL MULT-ASSET EQUITY 100011755 F PARTNERSHIPS 29303712 C 129315467 REFUNDABLE PERKINS LOAN PROGRAM 2003594 REFUNDABLE STUDENT DEPOSITS 482577 2486171 X 42081127 -5803332 89049 -5714283 47795410 25307858 25307858 73103268 54977473 101518 101518 54875955 25307858 25307858 80183813 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 X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 48,524. FUNDRAISING EXPENSE 36,446. GAMING EXPENSE 4,079. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 25,307,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 60,993. FUNDRAISING EXPENSE 36,446. GAMING EXPENSE 4,079. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 25,307,858. 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, NATURAL 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 EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES INSTRUCTIONAL (STUDY ABROAD PROGRAMS) AND EDUCATOR TRAINING 200783 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES RECRUITING POTENTIAL STUDENTS 3468 SOUTH ASIA 0 1 PROGRAM SERVICES RECRUITING POTENTIAL STUDENTS 212 0 5 0 0 0 5 204463 0 204463 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 41095 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 19258 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 55401 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 13321 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 7380 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 52600 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 7063 WIRE TRANSFER N/A N/A 7 0 1 0 0 0 0 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. X X X X X X X 1 RUFFALO CODY PO BOX 3118 CEDAR RAPIDS IA 52406 PHONATHON 0 222420 23972 198448 ESPONSORNOW PO BOX 1257 VACAVILLE CA 95696 FOOTBALL FUNDRAISER 1 22404 6721 15683 244824 30693 214131 PHONATHON 222420 222420 23972 FOOTBALL FUNDRAISER 22404 22404 6721 1 19241 13445 5796 3730 2023 264065 258269 5796 3730 32716 36446 -30650 48088 4079 0 48088 4079 4079 44009 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 COLCHESTER PROPERTIES 611 EAST PORTER STREET ALBION MI 49224 382025320 501(C)(3) 40000 CASH N/A PROGRAM SUPPORT 1 0 SCHOLARSHIPS 1240 25063395 CASH 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 MAURI A DITZLER PRESIDENT 146576 0 0 0 1505 0 23068 0 17931 0 189080 0 0 0 SALLY J WALKER VP FOR STUDENT AFFRS AND DEAN OF STU 145113 0 0 0 9126 0 18605 0 9522 0 182366 0 0 0 DONNA M RANDALL CHANCELLOR 134320 0 0 0 11983 0 21968 0 5252 0 173523 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 HIGHER EDUCATION FACILITIES AUTHORITY 2006-11-01 63385000 SCIENCE CENTER RENOVATION, REFINANCE OF 2004 BONDS AND OTHER 0 0 0 A 6980000 63385000 22437251 40546103 401646 22035605 2008 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 JPMORGAN CHASE BANK NA 20.000000000000 0 0 0 0 0 A 1 X 5 5542 DONOR ESTIMATED X 1285 DONOR ESTIMATED X 3049 DONOR COST X 56 409388 ESTIMATED FMV X HORSE 1 160000 PROFESSIONAL APPRAIS X GETAWAY TRIP 1 76989 DONOR ESTIMATED X MISCELLANEOUS 12 5805 ESTIMATED FMV 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, WILLIAM STOFFER, AND SAMUEL SHAHEEN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 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 2015. 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 IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 7,510,865. MANAGEMENT AND GENERAL EXPENSES 1,423,980. FUNDRAISING EXPENSES 360,493. TOTAL EXPENSES 9,295,338. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP 38,346. PENSION RELATED CHANGES -86,519. CHANGE IN ANNUITIES AND SPLIT-INTEREST OBLIGATIONS 369,462. CHANGE IN INTERESTS IN REMAINDER AND PERPETUAL TRUSTS HELD BY OTHERS -229,651. CHANGE IN VALUE OF INVESTMENT IN WASHINGTON GARNER 72,628. 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 489168 ALBION COLLEGE COLCHESTER PROPERTIES INC 611 EAST PORTER STREET ALBION MI 49224 382025320 REAL ESTATE HOLDING MI 501(C)(2) ALBION COLLEGE 1 WG PROPERTIES 611 EAST PORTER STREET ALBION MI 49224 453832985 REAL ESTATE HOLDING MI 501(C)(3) LINE 5 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COLCHESTER PROPERTIES B 40000 CASH