Albion College
Nonprofit profile at a glance
- EIN
- 381359081
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2009
- Location
- Albion, MI, USA
- Phone
- 517-629-1000
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $101,468,125
- Expenses
- $128,158,814
- Assets
- $226,480,182
- Liabilities
- $67,452,905
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- Wayne Webster (College President, Trustee)
Highest reported compensation
- Wayne Webster (College President, Trustee): $494,050 total reported compensation
- Melissa K Anderson (VP of Marketing & Communication): $248,945 total reported compensation
- Leroy Wright (VP of Student Development): $230,774 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Albion College prepares students for lives of purpose characterized by meaningful careers and responsible leadership, with local and global impact. We are committed to sustaining a diverse, equitable, inclusive and learner-centered environment where all students feel that they belong. We cultivate critical thinking, creativity, and a love of learning rooted in the liberal arts tradition and academic excellence.
What it reported doing in 2024
Auxiliary - dining services - albion college is a residential institution and the primary function of the dining and hospitality services, managed by metz 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.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 51% for direct work, and 49% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 77
- Accountability: 97
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89%; rating input score 89
- Fundraising efficiency: $2.65 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.7%; rating input score 95; 47th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.3%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 1.77; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 6th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 89% of spending went to programs
- Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $114M in reported program spending
- Leadership: top reported pay $494K · 30 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.