Adrian College
91% goes to programs $3 to raise $100 Strong reserves
Adrian College is a 501(c)(3) organization based in Adrian, Michigan, with $100,751,407 in FY2023 revenue. CharityIndex grades it A+, and it directs about 91% of spending to programs.
110 S Madison St, Adrian, MI, 49221 EIN 38-1357980
Revenue (FY2023)
$100.8M
▼ 3.8% vs prior year
Education median: $200K
Expenses (FY2023)
$95.9M
Net assets
$126.0M
Employees
1,129
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating91% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Adrian College: 91% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Adrian College: 16 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Adrian College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Adrian College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Adrian college is a liberal arts, private college offering bachelor and master degree programs.
What they do
Instruction - the exempt purpose of the school is the teaching of primarily undergraduate higher education courses, along with some graduate courses, to the school's students in order for them to obtain a liberal arts bachelor or master degree and enjoy a full college experience.
Contact & location
- Address
- 110 S Madison St, Adrian, MI, 49221
- City
- Adrian
- State
- Michigan
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $73.3M (FY2013) to $100.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $65.8MNet assets $126.0M
Operating margin
4.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$191.8M
Total liabilities
$65.8M
Net assets
$126.0M
Salaries & benefits
$26.1M
27% of expenses
Board members
32
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $100,751,407▼3.8% | $95,946,377▲0.9% | $126,002,891▲10.5% | $191,802,255▲7.9% | 990 |
| 2022 | $104,762,682▲7.4% | $95,121,684▼4.0% | $114,078,920▲13.4% | $177,719,715▲13.6% | 990 |
| 2021 | $97,509,860▲0.3% | $99,085,842▲11.7% | $100,598,770▼10.6% | $156,476,794▼8.0% | 990 |
| 2020 | $97,250,139▲3.4% | $88,685,437▼1.6% | $112,586,482▲20.9% | $170,162,102▲14.2% | 990 |
| 2019 | $94,047,786▲3.0% | $90,125,599▲1.4% | $93,159,163▲0.3% | $148,979,647▼1.9% | 990 |
| 2018 | $91,304,798▲7.2% | $88,891,160▲9.2% | $92,852,041▼0.7% | $151,796,049▲0.5% | 990 |
| 2017 | $85,177,223▲2.3% | $81,365,969▲4.1% | $93,468,490▲3.4% | $151,100,107▲2.7% | 990 |
| 2016 | $83,249,575▲4.4% | $78,193,467▲4.5% | $90,395,989▲1.7% | $147,193,191▲1.8% | 990 |
| 2015 | $79,760,365▲7.2% | $74,814,430▲5.8% | $88,926,284▲1.0% | $144,655,766▲3.5% | 990 |
| 2014 | $74,383,642▲1.4% | $70,708,042▲4.8% | $88,063,063▲0.5% | $139,755,226▲3.3% | 990 |
| 2013 | $73,340,847 | $67,480,049▼0.6% | $87,582,360▲10.8% | $135,296,587▲7.8% | 990 |
| 2012 | — | $67,876,264▲7.2% | $79,041,098▲7.2% | $125,502,521▲7.5% | 990 |
| 2011 | — | $63,290,982▲5.6% | $73,760,251▲17.0% | $116,749,582▲15.9% | 990 |
| 2010 | — | $59,948,336▲13.8% | $63,056,276▲5.1% | $100,701,846▲2.0% | 990 |
| 2009 | — | $52,661,087 | $60,019,617 | $98,704,383 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jeffrey Docking — $809,328 (0.84% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey Docking | President | 45 | $809,328 |
| Jerry Wright | Cfo and Treasurer | 45 | $177,657 |
| Frank Hribar | Vp For Enrollment Manageme | 40 | $163,680 |
| Andrea Milner | Vp For Academic Affairs | 40 | $127,380 |
| Darin Seiler | Chief Information Officer | 40 | $127,145 |
| Jim Mahony | Vp For Development | 40 | $124,512 |
| Cheryl Nutter | Professor of Business/accountancy | 40 | $119,659 |
| Bobbi Jo Sweebe | Trustee | 1 | — |
| Bronna Kahle | Trustee | 1 | — |
| Charles Mccallum | Trustee | 1 | — |
| David Hickman | Trustee | 1 | — |
| Dustin Krasny | Trustee | 1 | — |
| Elbert Dulworth | Trustee | 1 | — |
| Erin Ibele | Trustee | 1 | — |
| Greg Adams | Trustee | 1 | — |
| Harold Craft | Trustee | 1 | — |
| James Berryman | Trustee | 1 | — |
| James Kapnick | Trustee | 1 | — |
| Jeffrey Debest | Trustee | 1 | — |
| Karl Epps | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Management Inc | Campus Dining | $7,071,976 |
| Krieghoff-lenawee Co | Construction Contractor | $2,729,872 |
| Red Letter Productions Inc | Computer Technology Contractor | $813,019 |
| Blackbaud | Software | $719,131 |
| Bianco Travel & Tours Inc | Transportation | $603,740 |
Grants received · $4.0M total
38 grants to Adrian College totaling $4.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Adrian College a legitimate nonprofit?
- Yes. Adrian College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1357980, based in Adrian, Michigan. Donations are tax-deductible.
- What is Adrian College's EIN?
- Adrian College's Employer Identification Number (EIN) is 38-1357980.
- How much revenue does Adrian College report?
- Adrian College reported $100,751,407 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Adrian College's spending goes to programs?
- Adrian College spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Adrian College have?
- CharityIndex grades Adrian College A+, based on program efficiency and fundraising cost.
- How much does Adrian College's highest-paid employee make?
- The highest reported compensation on Adrian College's latest Form 990 is $809,328, paid to Jeffrey Docking (President).
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Data for Adrian College (EIN 38-1357980) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.