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Albion College EIN 38-1359081

Albion College

EIN  38-1359081 Higher education institution Albion, MI Founded 1835
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
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Size
$100M+
What they do
Provides a learning-centered, undergraduate liberal arts education through academic programs and residential campus communities that foster student growth inside and outside the classroom.
Leadership
Wayne Webster · College President, Trustee · $428K
Money in and out
$101.5M revenue, $128.2M expenses
Bottom line
-26% operating surplus

Provides a learning-centered, undergraduate liberal arts education through academic programs and residential campus communities that foster student growth inside and outside the classroom. For fiscal year 2024 it reported $101.5M in revenue, $128.2M in expenses, and $159.0M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$101.5M
Pt VIII · Ln 12
Total expenses
$128.2M
Pt IX · Ln 25
Net assets
$159.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26.7M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Operating surplus
-26%
revenue over expenses, this legal entity▼ -24% vs prior filing year
Payroll share
27%
of this entity's spending is salaries & benefits▼ -3% vs prior filing year
Program spending
89%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$101.5M
FY2024▲ +1%
Expenses
$128.2M
FY2024▲ +5%
Total assets
$226.5M
FY2024▼ -14%
Total liabilities
$67.5M
FY2024▼ -8%
Total revenue
$101.5M
Pt VIII · Ln 12
Total expenses
$128.2M
Pt IX · Ln 25
Net assets
$159.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26.7M
Total assetsPt X · Ln 16$226.5M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

3 program services account for $111.9M of program spending, described in the organization's own filed words · FY2024.
01

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 1,322 students are enrolled in the college.

$104.0Mprogram expense
02

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.

$6.6Mprogram expense
03

Auxiliary

Residence halls - albion college is a college community institution that emphasizes community and inclusion 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.

$1.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlbion College
EINHdr · item D38-1359081
Principal addressHdr · item CAlbion, MI
WebsiteHdr · item Jwww.albion.edu
Year of formationHdr · item L1835
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B420)
Ruling yearIRS BMFJun 1972

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Wayne Webster
College President, Trustee
$428,401Pt VII · Sec A
Melissa K Anderson
VP of Marketing & Communication
$201,735Pt VII · Sec A
Leroy Wright
VP of Student Development
$198,851Pt VII · Sec A
$190,164Pt VII · Sec A
Amy L Routhier
VP of Institutional Advancement
$178,823Pt VII · Sec A
Amanda M Dubiel
VP of Enrollment
$168,800Pt VII · Sec A
$163,235Pt VII · Sec A
Vicki L Baker
Director of Ac3, Econ & Mgmt Professor
$153,109Pt VII · Sec A

Wayne Webster’s $428K as College President, Trustee is at the 28th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Mathew Johnson——$399,335$451,147$233,130—
Wayne Webster$428,401—————
Mauri a Ditzler—————$386,048
Dr Mathew Johnson Left 0923—$344,615————
Joseph S Calvaruso——$343,286———
Leroy Wright$198,851$279,972————
Marc Newman—$265,159————
Gary Black—$245,474————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$86.4M · 85%
Contributions & grants$7.8M · 8%
Investment income$6.1M · 6%
Other revenue$1.1M · 1%
Program service revenue85%$86.4M
Contributions & grants8%$7.8M
Investment income6%$6.1M
Other revenue1%$1.1M
— government grantsLn 1e$1.2M
Total revenueLn 12$101.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program services89%$114.0M
Management & general9%$11.2M
Fundraising2%$2.9M
Total functional expensesLn 25$128.2M

Balance Sheet

Part X · end of year
CashLn 1$3.2M
Total assetsLn 16$226.5M
Total liabilitiesLn 26$67.5M
Total net assetsLn 32$159.0M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $130.2M · Operating expenses (Pt IX) $128.2M · Less non-cash grants $535K · Cash operating expenses/yr $127.6M
12.2 months
Where the money goes
Program services
Program services $114.0M · Total expenses $128.2M
89%
Management & General
Management & general $11.2M · Total expenses $128.2M
9%
Fundraising
Fundraising $2.9M · Total expenses $128.2M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $3.0M · Solicited contributions (3-yr avg) $6.0M
$0.50 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $7.8M · Total revenue $101.5M
8%
Government reliance
Government grants $1.2M · Total revenue $101.5M
1%
Earned-income share
Program service revenue $86.4M · Total revenue $101.5M
85%
Investment reliance
Investment income $6.1M · Total revenue $101.5M
+6%
Program self-sufficiency
Program service revenue $86.4M · Total expenses $128.2M
67%
Growth & trend
Revenue growth (YoY)
This year $101.5M · Prior year $100.6M
+1%
Revenue CAGR
FY2019 $106.4M · FY2024 $101.5M
-1%
Net-asset trend (YoY)
End of year $159.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $101.5M · Expenses $128.2M
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $226.5M
—
Net-asset ratio
Net assets $159.0M · Total assets $226.5M
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $48.8M · Other securities (Pt X, ln 12) $78.1M · Total assets (Pt X, ln 16) $226.5M
56%
People & payroll
Highest Reported Total Compensation
Individual Wayne Webster · Reported title College President, Trustee · Highest reported compensation $428K · Total expenses $128.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $34.2M · Total expenses $128.2M
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 9%——
Fundraising cost ratio 38%——
Revenue growth 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Alexander and Sarah Cutler Family FoundationFY2025$12K
Ruby L Gibbs Charitable TrustFY2025$6K
Frank L JR and Margaret T Klapperich FoundationFY2025$2K
The Hehl Family FoundationFY2025$750
Total grants receivedfrom 4 funders$22K
See all 4 funders →
Grants paid · 9 grants · $339.3M · 2019–2024
Unitemized GrantFY2024$56,305,187
Unitemized GrantFY2023$56,853,611
Unitemized GrantFY2022$58,940,395
Friends of the Bohm TheatreMI · FY2022$48,388
Unitemized GrantFY2021$59,654,775
Friends of the Bohm TheatreMI · FY2021$33,673
Unitemized GrantFY2020$56,485,148
Friends of the Bohm TheatreFY2020$40,000
Unitemized GrantFY2019$50,899,073

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$100.6M revenue · ⤓ 990 PDF
FY2023$103.9M revenue · ⤓ 990 PDF
FY2022$122.9M revenue · ⤓ 990 PDF
FY2021$117.3M revenue · ⤓ 990 PDF
FY2020$106.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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