Alma College
89% goes to programs $15 to raise $100 Strong reserves
Alma College is a 501(c)(3) organization based in Alma, Michigan, registered in 1942, with $90,350,482 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
614 W Superior St, Alma, MI, 48801 EIN 38-1359083 Since 1942
Revenue (FY2023)
$90.4M
▲ 3.9% vs prior year
Education median: $200K
Expenses (FY2023)
$93.0M
Net assets
$193.0M
Employees
994
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $15 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 Alma College: 89% to programs · $15 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating25 mo reserves · -3% 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 Alma College: 25 mo reserves · -3% margin earns a B+ 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 Alma College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Alma College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Alma college's mission is to prepare graduates who think critically, serve generously, lead purposefully, and live responsibly as stewards
Contact & location
- Address
- 614 W Superior St, Alma, MI, 48801
- City
- Alma
- State
- Michigan
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $77.9M (FY2013) to $90.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $66.5MNet assets $193.0M
Operating margin
-2.9%
Spent more than it raised in the latest fiscal year.
Total assets
$259.6M
Total liabilities
$66.5M
Net assets
$193.0M
Salaries & benefits
$26.2M
28% of expenses
Board members
25
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $90,350,482▲3.9% | $92,973,653▲0.8% | $193,045,305▲2.9% | $259,551,600▲1.3% | 990 |
| 2022 | $86,977,279▼4.3% | $92,232,606▲2.3% | $187,668,018▲3.4% | $256,194,991▲6.2% | 990 |
| 2021 | $90,838,076▲4.6% | $90,164,297▲5.4% | $181,428,939▼11.4% | $241,298,093▼9.6% | 990 |
| 2020 | $86,854,101▼1.6% | $85,578,080▼1.3% | $204,720,946▲19.5% | $267,015,717▲11.6% | 990 |
| 2019 | $88,287,499▲2.3% | $86,684,752▲0.3% | $171,267,231▲1.6% | $239,263,678▲1.5% | 990 |
| 2018 | $86,294,571▼0.6% | $86,398,019▲3.5% | $168,594,959▼0.6% | $235,677,831▼0.7% | 990 |
| 2017 | $86,791,108▲9.5% | $83,453,002▲4.9% | $169,668,380▲2.0% | $237,245,279▲14.1% | 990 |
| 2016 | $79,268,842▲2.3% | $79,530,919▲4.0% | $166,350,035▲5.2% | $207,985,667▲8.6% | 990 |
| 2015 | $77,502,135▼3.1% | $76,453,257▲5.3% | $158,171,323▼1.8% | $191,427,797▼1.7% | 990 |
| 2014 | $79,946,543▲2.6% | $72,585,319▲2.4% | $161,027,487▼0.8% | $194,836,128 | 990 |
| 2013 | $77,898,163 | $70,909,450▲2.9% | $162,286,574▲10.1% | $194,929,869▲8.2% | 990 |
| 2012 | — | $68,888,600▲3.9% | $147,397,199▲4.0% | $180,176,884▲8.8% | 990 |
| 2011 | — | $66,291,413▲8.7% | $141,724,774▼4.0% | $165,623,030▼5.0% | 990 |
| 2010 | — | $61,002,130 | $147,652,011 | $174,329,246 | 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: Dr Jeffrey Abernathy — $376,371 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Jeffrey Abernathy | President | 60 | $376,371 |
| Raymond Barclay | Chief Operating Officer | 60 | $249,807 |
| Scott Wills | Vice President of Advancement | 60 | $230,462 |
| James Carman | Vice President of Finance | 60 | $182,894 |
| Kelley Peatross | Vice President of Human Resources | 60 | $170,522 |
| Damon Brown | Vice President of Student Affairs | 60 | $156,232 |
| Melinda Booth | Vice President For Communication and Marketing | 60 | $145,439 |
| Scott Dexter | Faculty | 50 | $130,119 |
| Michael Selmon | Faculty | 50 | $123,860 |
| Sarah Dehring | Vice President/director of Athletics | 60 | $123,781 |
| Kyle Warner | Chief Information Officer | 50 | $123,536 |
| William Nichols | Faculty | 50 | $121,468 |
| Jason Couch | Head Football Coach | 50 | $115,394 |
| Sean Burke | Provost | 60 | $100,664 |
| Timothy Pinnow | Chief Operating Officer | 60 | $84,912 |
| Robert Murray | Vice President For Advancement | 60 | $35,004 |
| Brian Bartes | Trustee | 2 | — |
| Burt Jordan | Trustee | 2 | — |
| Cardell Johnson | Trustee | 2 | — |
| Carol Burns | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Granger Construction Company | Construction Manager | $7,139,896 |
| Metz Culinary Management LLC | Food Services | $4,182,382 |
| National Management Resources | Housekeeping and Grounds | $1,675,691 |
| Ef Institute For Cultural Exchange Inc | Study Abroad Programs | $701,388 |
| Ologie LLC | Website Redesign, Brand Positioning | $532,350 |
Grants received · $5.6M total
109 grants to Alma College totaling $5.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Southeast Michigan | Education | 2024 | $208,100 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $38,550 |
| American Online Giving Foundation Inc | General support | 2024 | $19,254 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $10,200 |
| Ayco Charitable Foundation | Education | 2024 | $9,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $6,964 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $328,248 |
| Community Foundation For Southeast Michigan | Education | 2023 | $200,200 |
| National Philanthropic Tr | Religion | 2023 | $60,396 |
| Silicon Valley Community Foundation | Education | 2023 | $50,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $30,000 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $26,100 |
| Gulf Coast Community Foundation Inc | Education | 2023 | $25,690 |
| American Online Giving Foundation Inc | General support | 2023 | $23,473 |
| Ayco Charitable Foundation | Education | 2023 | $16,000 |
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Compare Alma College
Frequently asked questions
- Is Alma College a legitimate nonprofit?
- Yes. Alma College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1359083, based in Alma, Michigan. Donations are tax-deductible.
- What is Alma College's EIN?
- Alma College's Employer Identification Number (EIN) is 38-1359083.
- How much revenue does Alma College report?
- Alma College reported $90,350,482 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Alma College's spending goes to programs?
- Alma College spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Alma College have?
- CharityIndex grades Alma College A, based on program efficiency and fundraising cost.
- How much does Alma College's highest-paid employee make?
- The highest reported compensation on Alma College's latest Form 990 is $376,371, paid to Dr Jeffrey Abernathy (President).
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Data for Alma College (EIN 38-1359083) 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.