2012-05-14T13:58:24-05:00 2011-06-30 990 2010-07-01 381357980 ADRIAN COLLEGE ADRI 5172655161 110 S MADISON STREET ADRIAN MI 49221 JERRY WRIGHT 5172655161 2012-05-14 2010 2016-02-24 21:20:13Z JERRY WRIGHT 110 S MADISON STREET ADRIAN MI 49221 67062077 0 X WWW.ADRIAN.EDU X 1859 MI ADRIAN COLLEGE IS A LIBERAL ARTS, PRIVATE COLLEGE OFFERING BACHELOR DEGREE PROGRAMS. 28 28 2065 100 362148 0 4388439 4153029 48003511 53096940 1515725 4052572 431169 204724 54338844 61507265 18433220 22128985 0 0 19859447 22131172 0 0 590678 14368420 15688179 52661087 59948336 1677757 1558929 98704383 100701846 38684766 37645570 60019617 63056276 X ADRIAN COLLEGE, A LIBERAL ARTS COLLEGE IN THE UNITED METHODIST TRADITION, IS COMMITTED TO THE PURSUIT OF TRUTH AND TO THE DIGNITY OF ALL PEOPLE. THROUGH ACTIVE AND CREATIVE LEARNING IN A SUPPORTIVE COMMUNITY, STUDENTS ARE CHALLENGED TO ACHIEVE EXCELLENCE IN THEIR ACADEMIC, PERSONAL, AND PROFESSIONAL LIVES, AND TO CONTRIBUTE TO A MORE SOCIALLY JUST SOCIETY. 0 0 43780899 22128985 41820282 INSTRUCTION - THE EXEMPT PURPOSE OF THE SCHOOL IS THE TEACHING OF UNDERGRADUATE HIGHER EDUCATION COURSES TO THE SCHOOL'S STUDENTS AND IN ORDER FOR THEM TO ACHIEVE A LIBERAL ARTS, BACHELOR DEGREE AND ENJOY A FULL COLLEGE EXPERIENCE. 9793522 0 11119234 ROOM AND BOARD - THE EXEMPT PURPOSE IS HOUSING AND FEEDING OF THE COLLEGE'S STUDENTS, ALLOWING THEM TO SUSTAIN RESIDENCY ON CAMPUS TO ATTEND CLASSES AND ACHIEVE A LIBERAL ARTS, BACHELOR DEGREE. 53574421 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 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 0 0 0 0 0 1 68 0 1 2065 1 1 1 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X NICOLE MEGALE 5172655161 110 S MADISON ADRIAN MI 492212575 ROBYN J ARRINGTON 1.00 X 0 0 0 CHARLES F BAER 1.00 X 0 0 0 RONALD L BATORY 1.00 X 0 0 0 HAROLD D CRAFT 1.00 X 0 0 0 LINDA DEPTA 1.00 X 0 0 0 FRANK DICK 1.00 X 0 0 0 PATRICK D FARVER 1.00 X 0 0 0 BONNIE S GARBRECHT 1.00 X 0 0 0 CARSON C GRUNEWALD 1.00 X 0 0 0 RICHARD A GURDJIAN 1.00 X 0 0 0 JOHN HARNISH 1.00 X 0 0 0 DAVID S HICKMAN 1.00 X 0 0 0 JAMES D KAPNICK 1.00 X 0 0 0 RUSSELL MCREYNOLDS 1.00 X 0 0 0 SHELLEY B MILANO 1.00 X 0 0 0 KATHRYN M MOHR 1.00 X 0 0 0 ERNEST L NICOLAY JR 1.00 X 0 0 0 TRAVIS W PEARSE JR 1.00 X 0 0 0 ROBERT M RANSOM 1.00 X 0 0 0 MICHAEL N SEELYE 1.00 X 0 0 0 ANTHONY J SHIPLEY 1.00 X 0 0 0 SARAH E SHUMATE 1.00 X 0 0 0 RICHARD J STROWGER 1.00 X 0 0 0 JAMES D THOMAS 1.00 X 0 0 0 GARY C VALADE 1.00 X 0 0 0 MARSHA WOOLLEY 1.00 X 0 0 0 PAUL WESTON 1.00 X 0 0 0 STEPHEN WOLFE 1.00 X 0 0 0 AGNES I CALDWELL 40.00 X 97762 0 29431 RICHARD CREEHAN 40.00 X 181965 0 16810 JEFFREY DOCKING 40.00 X 479758 0 45705 FRANK HRIBAR 40.00 X 41100 0 10124 RONALD REEVES 40.00 X 111908 0 20760 JERRY WRIGHT 40.00 X 87282 0 28577 999775 0 151407 3 0 1 0 SODEXO RITCHIE MARKET PLACE ADRIAN MI 49221 FOOD SERVICE 4221652 KRIEGHOFF-LENAWEE CO PO BOX 100 ADRIAN MI 49221 CONSTRUCTION CONTRACTOR 1464078 STEVENSON LUMBER INC PO BOX 458 ADRIAN MI 49221 LIMBER RETAIL SALES 335600 BEAUBIEN INC 3270 N ADRIAN HWY ADRIAN MI 49221 LANDSCAPING 299902 BIANCO TRAVEL & TOURS INC 12555 UNIVERSAL DRIVE TAYLOR MI 48180 TRANSPORTATION 284213 26 758860 3394169 726956 4153029 INSTRUCTION 611310 41632630 41632630 ROOM AND BOARD 611310 11119234 11119234 AUXILIARY 611710 345076 345076 53096940 3350847 3350847 5106360 4404635 701725 701725 701725 1200305 1150177 50128 33056 17072 SPECTATOR SPORTS 711210 110438 110438 MUSICAL PERFORMANCES 711130 44158 44158 154596 61507265 52939516 362148 4052572 22128985 22128985 1194048 587072 480332 126644 15544218 14602590 715079 226549 1021347 561741 459606 3303114 1878687 1334090 90337 1068445 949977 91449 27019 218876 218876 74370 74370 66952 66952 58390 58390 13021 10001 3020 3736132 3308496 354527 73109 158722 79361 79361 2699250 2032400 649890 16960 1012668 909794 72814 30060 3469101 3469101 902365 902365 2473758 1290887 1182871 392987 392987 LIBRARY 266834 266834 BAD DEBT EXPENSE 101415 101415 MISCELLANEOUS 43338 43338 59948336 53574421 5783237 590678 2401617 1897322 765187 219933 13930962 13113669 1983946 3111289 1395992 1170420 706549 730918 745409 578011 90062571 34100706 54120480 55961865 18862130 19570187 75440 3792111 4272792 98704383 100701846 3990483 4432501 146943 141315 29655000 28320000 3563419 3547856 1328921 1203898 38684766 37645570 X 12182507 14037069 8516728 7733594 39320382 41285613 60019617 63056276 98704383 100701846 X 1558929 1477730 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22360694 364564 3712135 1624549 1786012 66952 22959880 19602597 1494499 2192902 864475 64829 22360694 30177890 221790 -5213853 1326771 4182729 73730 19602597 1.00000 1 0 2444561 459147 2903708 62591899 22628937 39962962 9220130 1199754 8020376 13567536 10272015 3295521 1779298 1779298 55961865 REFUNDABLE STUDENT DEPOSITS 234925 REFUNDABLE LOAN PROGRAM ADVANCES 968973 1203898 61507265 59948336 1558929 -233942 1711672 1477730 3036659 39231853 -22830710 -22830710 62062563 -555298 -555298 61507265 38902579 1150177 1150177 37752402 22195934 22195934 59948336 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EARNINGS ON ENDOWMENT INVESTMENTS ARE USED TO FUND ENDOWED SCHOLARSHIPS, LECTURESHIPS, AND CERTAIN FACILITY EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ADOPTED THE PROVISIONS OF ASC TOPIC 740 EFFECTIVE JULY 1, 2009. THE ADOPTION OF ASC TOPIC 740 HAD NO IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF REMAINDER INTERESTS & PERPETUAL TRUSTS 1,764,333. ACTUARIAL ADJUSTMENT OF ANNUITY AND PENSION OBLIGATIONS -52,661. PART XII, LINE 2D - OTHER ADJUSTMENTS: GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON THE FS -22,128,985. REALIZED GAINS ON SALES OF SECURITIES -701,725. PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWMENT GIFTS 195,997. INTEREST AND DIVIDEND INCOME FROM ENDOWMENT INVESTMENTS 398,882. COST OF INVENTORY SOLD -1,150,177. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF INVENTORY SOLD 1,150,177. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS PAID TO STUDENTS RECORDED AS REDUCTIONS TO REVENUE ON FS 22,128,985. INVESTMENT MANAGEMENT FEES 66,952. OTHER LOSSES -3. 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 FORMS AND POLICIES OF NONDISCRIMINATION ARE MADE AVAILABLE ON THE SCHOOL'S WEBSITE AND IN THE STUDENT HANDBOOK EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 ADRIAN COLLEGE PARTICIPATES IN STUDENT AID PROGRAMS SUPPORTED BY THE DEPARTMENT OF EDUCATION. 1 SCHOLARSHIPS 1337 22128985 OTHER INFORMATION: PART IV: THE SCHOLARSHIPS GRANTED BY ADRIAN COLLEGE ARE USED TO PAY TUITION AND FEE CHARGES ON STUDENT ACCOUNTS. THE SCHOOL IS ALSO ABLE TO MONITOR WHETHER STUDENTS REMAIN AT THE COLLEGE THROUGH THE REGISTRAR'S OFFICE, THE VICE PRESIDENT AND DEAN OF ACADEMIC AFFAIRS' OFFICE, CLASS ATTENDANCE TAKEN BY PROFESSORS, AND HOUSING RECORDS MAINTAINED BY THE STUDENT AFFAIRS' OFFICE. X X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 RICHARD CREEHAN 168102 0 5250 0 8613 0 16810 0 0 0 198775 0 0 0 JEFFREY DOCKING 319223 0 75000 0 85535 0 26263 0 19442 0 525463 0 0 0 MICHIGAN FINANCE AUTHORITY 521285150 594519YT1 2002-08-28 5190000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 0 MICHIGAN FINANCE AUTHORITY 521285150 594519J76 2006-03-01 15000000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 0 MICHIGAN FINANCE AUTHORITY 521285150 594519N63 2008-05-29 15000000 CONSTRUCTION/RENOVATION OF FACILITIES 0 0 0 3900000 5190000 171463 5018537 2004 0 0 1 1 1810000 15000000 177900 14822100 2006 0 0 1 1 1160000 15000000 155825 14844175 2009 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 0.03900 0.03900 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 X 6 166356 QUOTED MARKET PRICE X MULTIYEAR PLEDGE 11 545000 WRITTEN PROMISE TO GIVE X EMBROIDERING ON HOCKEY EQUIPMENT BAGS 1 200 INVOICE X CUSTOM-PAINTED HOCKEY GOLIE HELMET 1 400 INVOICE X CONCERT GRAND PIANO 1 15000 THIRD-PARTY APPRAISAL 0 1 1 THIRD PARTY USE: PART I, LINE 32B: ADRIAN COLLEGE USES AN INDEPENDENT THIRD-PARTY INVESTMENT FIRM TO SELL PUBLICLY TRADED SECURITIES CONTRIBUTED TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 ALL MEMBERS OF THE FINANCE COMMITTEE AND THE CHAIRPERSON OF THE BOARD OF TRUSTEES ARE GIVEN THE COMPLETE FORM 990 TO REVIEW AND PROVIDED AN OPPORTUNITY FOR DISCUSSION AND TO RECOMMEND REVISIONS TO THE FORM. WHEN SATISFIED AS PROPER, THE FINANCE COMMITTEE PROVIDES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES THAT THE FORM BE APPROVED FOR FILING. COPIES OF THE FORM ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES AT THE BOARD MEETING DURING WHICH THE FORM IS APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES COMPLETE CONFLICT OF INTEREST POLICY DOCUMENTS AT ANNUAL MEETING; INFORMATION PROVIDED IS VERIFIED BY THE SCHOOL'S BUSINESS OFFICE TO THE SCHOOL'S ACCOUNTING RECORDS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES ESTABLISHES THE ANNUAL COMPENSATION FOR THE SCHOOL'S PRESIDENT BASED ON WORK PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 ADRIAN COLLEGE'S GOVERNING DOCUMENTS ARE MAINTAINED BY THE SECRETARY OF THE BOARD OF TRUSTEES. THE SCHOOL'S CONFLICT OF INTEREST POLICY AND VARIOUS OTHER POLICIES ARE AVAILABLE ON THE SCHOOL'S WEBSITE. ANNUAL AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -233,942. CHANGE IN VALUE OF REMAINDER INTERESTS & PERPETUAL TRUSTS 1,764,333. ACTUARIAL ADJUSTMENT OF ANNUITY AND PENSION OBLIGATIONS -52,661. TOTAL TO FORM 990, PART XI, LINE 5: 1,477,730. 990, PART XII, LINE 2C THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 6 ADRIAN COLLEGE IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION WITH TRUSTEES.