2014-05-15T09:30:21-05:00 2013-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2012-07-01 381359081 ALBION COLLEGE ALBI 5176290289 611 EAST PORTER STREET ALBION MI 49224 MICHAEL L FRANDSEN 5176290289 2014-05-14 1 VICKI L VANDENBERG CPA P00100422 2695674500 2012 2015-11-30 17:44:51Z MICHAEL L FRANDSEN 611 EAST PORTER STREET ALBION MI 49224 80878922 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 1452 15 -160593 -160593 6748886 5969161 59446771 56998355 8524732 3815854 764477 481652 75484866 67265022 25310907 24127822 0 0 25887640 26876677 69000 40413 3886102 24451368 25101910 75718915 76146822 -234049 -8881800 293858225 303428008 81917119 79989621 211941106 223438387 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 58193347 24127822 46496093 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 1,400 STUDENTS ARE ENROLLED IN THE COLLEGE. 3357300 3994547 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. 3032849 6507715 AUXILIARY - RESIDENCE HALLS - ALBION COLLEGE IS A COLLEGE COMMUNITY INSTITUTION THAT EMPHASISES 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. VARIOUS OTHER PROGRAM SERVICES RELATING TO THE ORGANIZATION'S MISSION. 64583496 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 1 191 0 1 1452 1 1 1 0 0 0 0 1 1 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 MICHAEL FRANDSEN 5176290289 611 EAST PORTER STREET ALBION MI 49224 PAUL D TOBIAS 1.00 X X 0 0 0 DONNA M RANDALL 40.00 X X 220126 0 69151 ANNE H HUNTER 1.00 X 0 0 0 BILL SCHUETTE 1.00 X 0 0 0 CAROL A LEISENRING 1.00 X 0 0 0 CASEY C HOFFMAN 1.00 X 0 0 0 DAVID K JOHNSON 1.00 X 0 0 0 DEBORAH L KIESEY 1.00 X 0 0 0 DIANE S CARR 1.00 X 0 0 0 GEORGE S CHAVEL 1.00 X 0 0 0 J DONALD SHEETS 1.00 X 0 0 0 JEFFREY A OTT 1.00 X 0 0 0 JEFFREY C PETHERICK 1.00 X 0 0 0 JEFFREY D WEEDMAN 1.00 X 0 0 0 JOSEPH S CALVARUSO 1.00 X 0 0 0 LAWRENCE B SCHOOK 1.00 X 0 0 0 MARK E NEWELL 1.00 X 0 0 0 MICHAEL J HARRINGTON 1.00 X 0 0 0 ROBERT B HETLER 1.00 X 0 0 0 ROBERT D MUSSER III 1.00 X 0 0 0 RYAN E AREY 1.00 X 0 0 0 SAMUEL J SHAHEEN 1.00 X 0 0 0 STEPHEN I GREENHALGH 1.00 X 0 0 0 STEVEN MG CHARNLEY 1.00 X 0 0 0 THOMAS L LUDINGTON 1.00 X 0 0 0 WILLIAM A RITTER 1.00 X 0 0 0 MICHAEL L FRANDSEN 45.00 X 153811 0 32834 JOSHUA D MERCHANT 45.00 X 174601 0 17975 SUSAN P CONNER 45.00 X 142701 0 27455 SALLY J WALKER 45.00 X 133351 0 25752 824590 0 173167 5 0 1 0 BON APPETIT MANAGEMENT CO 100 HAMILTON AVENUE SUITE 300 PALO ALTO CA 94301 FOOD SERVICES 2957429 AMERICAN BUILDING MAINTENANCE 900 WILSHIRE TROY MI 48084 CUSTODIAL SERVICES 769385 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 STUDENT RECRUITMENT SERVICES 379250 MACLACHLAN CORNELIUS AND FILONI PC 200 THE BANK TOWER PITTSBURGH PA 15222 ARCHITECTURAL SERVICES 347315 ALBION ELECTRIC 16913 E MICHIGAN AVE ALBION MI 49224 ELECTRICIAN 257430 28 387807 546059 5035295 406620 5969161 TUITION AND FEES 611600 46153066 46153066 RESIDENT/DINING AUX. 611600 10845289 10845289 56998355 2094074 -160593 2254667 107999 0 107999 107999 107999 15312962 7608 13354260 244530 1958702 -236922 1721780 1721780 8263 387807 11126 -2863 -2863 46364 3984 42380 42380 MISCELLANEOUS REVENUE 900099 334136 334136 334136 67265022 56998355 -160593 4458099 X 80000 80000 23822719 23822719 225103 225103 754021 539087 214934 19643374 15711546 2434897 1496931 1686505 1399554 155228 131723 3264663 2624649 369364 270650 1528114 1209280 188685 130149 427026 21467 404795 764 83700 83700 40413 40413 1274128 887111 368876 18141 8333310 6743001 915375 674934 125558 3430 19735 102393 2494032 1981687 280625 231720 3351825 2933846 310631 107348 1270759 1070475 91026 109258 252924 77733 171900 3291 1172548 1013980 107472 51096 5110616 4330141 620753 159722 632035 316018 284415 31602 FOOD COSTS 122547 100430 20190 1927 450902 31326 310470 109106 76146822 64583496 7677224 3886102 5651255 4584944 4128070 3129722 2304850 2414171 3836761 3946309 117932 113206 964907 974405 180946664 89080705 93442096 91865959 74446108 49251964 104494813 138871779 3166061 4471433 5109488 293858225 303428008 17576178 15310666 180163 162416 60770000 59375000 380000 412447 1977176 3010778 2751916 81917119 79989621 X 74192857 74763459 65941465 75341769 71806784 73333159 211941106 223438387 293858225 303428008 X -8881800 16590196 113 3788772 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 166697848 940844 19816327 3816358 7967748 539000 175131823 173225293 10169421 -8168957 3802378 4294531 431000 166697848 143511577 6310362 30918290 3360143 3713793 441000 173225293 132545362 6051070 11865766 2654203 3852418 444000 143511577 180735148 2549855 -45524790 4037514 5036375 461151 128225173 0.17770 0.40360 0.41870 1 0 2738162 2738162 128009228 61979104 66030124 22142360 6858070 15284290 28056914 20243531 7813383 91865959 MULTI-STRATEGY EQUITY FUND 81188750 F MULTI-STRATEGY BOND FUND 24099800 F PARTNERSHIPS 33583229 C 138871779 REFUNDABLE PERKINS LOAN PROGRAM 2071969 REFUNDABLE STUDENT DEPOSITS 679947 2751916 X 59224388 16590196 60425 76726 16727347 42497041 539000 24228981 24767981 67265022 51764655 60425 224230 284655 51480000 539000 24127822 24666822 76146822 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENTS SUPPORT THE EDUCATIONAL PURPOSES OF THE COLLEGE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. 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, 2013 AND 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIBILITY 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 61,616. FUNDRAISING EXPENSE 11,126. GAMING EXPENSE 3,984. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 24,047,822. PENSION ADJUSTMENT 181,159. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 209,120. FUNDRAISING EXPENSE 11,126. GAMING EXPENSE 3,984. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES AND DISCOUNTS 24,047,822. GRANT TO COLCHESTER PROPERTIES 80,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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." EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 0 PROGRAM SERVICES INSTRUCTIONAL 225103 0 0 0 0 0 0 225103 0 225103 EUROPE (INCLUDING ICELAND & GREENLAND) - DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 48435 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 34622 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 7560 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - STUDENT OVERSEAS EDUCATION 76766 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 9452 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 10463 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 32300 WIRE TRANSFER N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - DIRECT ENROLLMENT IN OFF-CAMPUS PROGRAM 5505 WIRE TRANSFER N/A N/A 8 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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 1 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 524063018 PHONATHON 0 361710 35880 325830 ESPONSORNOW PO BOX 1257 VACAVILLE CA 95696 FOOTBALL FUNDRAISER 1 15110 4533 10577 376820 40413 336407 PHONATHON 361710 361710 BRITON GOLF CLASSIC 19250 15520 3730 1464 5363 1600 2699 1 15110 10577 4533 396070 387807 8263 1464 5363 1600 2699 11126 -2863 46364 3500 484 0 46364 3500 484 3984 42380 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 501C(3) 80000 CASH PROGRAM SUPPORT 1 SCHOLARSHIPS 1358 23822719 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 TEH COLLEGE'S FINANCIAL STATEMENTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DONNA M RANDALL 213407 0 0 0 6719 0 44014 0 25137 0 289277 0 0 0 MICHAEL L FRANDSEN 153046 0 0 0 765 0 25213 0 7621 0 186645 0 0 0 JOSHUA D MERCHANT 174300 0 0 0 301 0 17975 0 0 0 192576 0 0 0 SUSAN P CONNER 138586 0 0 0 4115 0 19834 0 7621 0 170156 0 0 0 SALLY J WALKER 131310 0 0 0 2041 0 18131 0 7621 0 159103 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND THEREFORE RECEIVES HOUSING. PRESIDENT RECEIVES HOUSEKEEPING BECAUSE OF ENTERTAINING DONE ON PREMISES. THIS COMPENSATION IS NOT REPORTED AS TAXABLE COMPENSATION FOR THE PRESIDENT. A MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY 2006-11-01 63385000 SCIENCE CENTER RENOVATION, REFINANCE OF 2004 BONDS AND OTHER 0 0 0 A 4010000 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 X 5831 DONOR ESTIMATES X 1 300 DONORS ESTIMATE X 31 206674 NYSE X HORSE 8 123650 PROFESSIONAL APPRAISAL X EQUESTRIAN EQUIPMENT 4 7875 ESTIMATED FMV X FUNDRAISING 1 60395 DONOR COST X MISC EQUIPMENT 2 650 DONOR COST X CAMPUS EVENTS 9 1245 DONOR COST 3 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION SEEKS PROFESSIONAL ASSISTANCE, AS NEEDED, TO SELL NON-CASH CONTRIBUTIONS. 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 TRUSTEE MEMBERS OF THE PRESIDENTIAL SEARCH COMMITTEE. OTHER OFFICERS AND KEY EMPLOYEES, MOST RECENTLY HIRED 2012. 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 THESE DOCUMENTS ARE NOT PRESENTLY AVAILABLE TO THE PUBLIC. OTHER FEES FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 6,743,001. MANAGEMENT AND GENERAL EXPENSES 915,375. FUNDRAISING EXPENSES 674,934. TOTAL EXPENSES 8,333,310. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INTEREST RATE SWAP 2,837,000. PENSION RELATED CHANGES 799,053. CHANGE IN ANNUITIES AND SPLIT-INTEREST OBLIGATIONS 152,719. PART XII LINE 2C THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. BRITON INVESTMENTS LLC 611 EAST PORTER STREET ALBION MI 49224 271782807 REAL ESTATE INVESTMENT MI ALBION COLLEGE COLCHESTER PROPERTIES INC 611 EAST PORTER STREET ALBION MI 49224 382025320 REAL ESTATE INVESTMENT MI 501(C)(2) ALBION COLLEGE 1 WG PROPERTIES 611 EAST PORTER STREET ALBION MI 49224 453832985 REAL ESTATE INVESTMENT MI 501(C)(3) LINE 5 ALBION COLLEGE 1 BRITON ACRES INC 611 EAST PORTER ALBION MI 49224 381361836 REAL ESTATE 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 80000 CASH