Alma College's mission is to prepare graduates who think critically, serve generously, lead purposefully and live responsibly as stewards

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $1.6M a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $123.4M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $123.4M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $42K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$68.0M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88.3M
Spent
$86.7M
To programs
92%
Net assets
$171.3M
By yearFY2020–FY2025
Revenue
$88.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$88.3M
FY2021$86.9M
FY2022$90.8M
FY2023$87.0M
FY2024$90.4M
FY2025$84.8M
Expenses
$86.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$86.7M
FY2021$85.6M
FY2022$90.2M
FY2023$92.2M
FY2024$93.0M
FY2025$90.2M
Net assets
$171.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$171.3M
FY2021$204.7M
FY2022$181.4M
FY2023$187.7M
FY2024$193.0M
FY2025$197.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $80.1M Management & general 6% · $5.6M Fundraising 1% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

39 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$282,673Pt VII · Sec A
Chief Operating Officer
$221,700Pt VII · Sec A
Chief of Staff
$196,706Pt VII · Sec A
VP of Enrollment and Special Assistant to the President
$194,405Pt VII · Sec A
VP of Advancement
$179,696Pt VII · Sec A
$150,681Pt VII · Sec A
Athletic Director
$140,637Pt VII · Sec A
$135,262Pt VII · Sec A

Dr Jeffrey Abernathy’s $373K as President is at the 77th percentile of top reported officer pay among 3683 $10–100M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Jeffrey Abernathy$373,255$376,371$380,000$404,091$314,310$282,673
Alan Gatlin——$156,611$261,772$253,260$221,700
Raymond Barclay—$249,807$213,436———
Timothy Pinnow$247,915$84,912————
Amanda Slenski———$231,391$222,638$194,405
Scott Wills—$230,462$178,016———
Robert Murray$202,429$35,004————
James Carman$182,062$182,894$198,288$98,865——

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares graduates to think critically, serve generously, lead purposefully, and live responsibly.

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Provided by the organization

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1 program · $80.1M · in their own filed words · FY2019
01

Scholarships and awards to students offset the cost of tuition. Instruction provided to students by highly qualified faculty and assistants. Housing and food service provided to students. Alma College is a residential liberals arts college with approximately 96% of students living and eating on campus.

$80.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 7 funders →
Grants paid · 6 grants · $229.4M · 2019–2024
Unitemized GrantFY2024$39,370,051
Unitemized GrantFY2023$39,247,259
Unitemized GrantFY2022$37,327,501
Unitemized GrantFY2021$39,085,717
Unitemized GrantFY2020$37,953,170
Unitemized GrantFY2019$36,388,745

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$88.3M
Ln 12
Fees for servicesLn 2g$72.9M
Gifts and grantsLn 1h$11.0M
Investment incomeLn 3$4.0M
Money outPt IX
$86.7M
Ln 25
Programscol B$80.1M
Managementcol C$5.6M
Fundraisingcol D$1.1M
Owns and owesPt X
$171.3M
net assets · Ln 32
Cash and savingsLn 1–2$6.8M
Total assetsLn 16$239.3M
LiabilitiesLn 26$68.0M
PeoplePt VI, VII
39
listed · VII A
PaidVII A12
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.0M
Government grantsLn 1e$2.1M
Noncash giftsLn 1g$626K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$72.9M
Investment incomeLn 3$4.0M
Other incomeLn 4–11$300K
Gains on assetsLn 7−$1.3M
Total revenueLn 12$88.3M
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$6.8M
Cash and savings togetherLn 1–2$6.8M
InvestmentsLn 11–13$123.4M
Land, buildings, equipmentLn 10c$89.8M
Other assetsLn 15$4.9M
Total assetsLn 16$239.3M
LiabilitiesLn 26$68.0M
Net assetsLn 32$171.3M
OperationsPt I, VI
EmployeesI 5994
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$46.5M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$40.7M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$626K
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$121.6M$124.5M$124.0M$120.7M$111.9M
Given inLn 1b$736K$442K$970K$2.7M$4.0M
SpentLn 1d–1f$6.9M$6.5M$6.4M$6.3M$6.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.7M$6.8M
InvestmentsLn 11–13$134.0M$123.4M
Land, buildings, equipmentLn 10c$85.4M$89.8M
Total assetsLn 16$235.7M$239.3M
LiabilitiesLn 26$67.1M$68.0M
Net assetsLn 32$168.6M$171.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$36.4M$36.4M
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$1.4M$907K$440K$69K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$17.4M$15.6M$1.2M$549K
Pension plan contributionsLn 8$1.1M$968K$126K$49K
Other employee benefitsLn 9$4.1M$3.6M$373K$102K
Payroll taxesLn 10$1.3M$1.1M$88K$39K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$96K$0$96K$0
Accounting feesLn 11c$84K$0$84K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$646K$0$646K$0
Other fees for servicesLn 11g$1.3M$1.2M$31K$34K
Advertising and promotionLn 12$212K$13K$196K$3K
Office expensesLn 13$4.9M$3.9M$861K$84K
Information technologyLn 14$425K$425K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$1.9M$1.8M$5K$8K
TravelLn 17$1.1M$1.0M$55K$39K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$151K$131K$13K$7K
InterestLn 20$1.5M$1.4M$151K
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$3.9M$3.4M$435K$0
InsuranceLn 23$703K$22K$681K$0
Other expenses (24a–d)Ln 24$8.1M$8.0M$50K$89K
All other expensesLn 24e$159K$159K
Total functional expensesLn 25$86.7M$80.1M$5.6M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $84.8M$90.2M−$5.4M$197.7M 990 PDF
FY2024Filed with the IRS May 15, 2025 $90.4M$93.0M−$2.6M$193.0M 990 PDF
FY2023Filed with the IRS May 15, 2024 $87.0M$92.2M−$5.3M$187.7M 990 PDF
FY2022Filed with the IRS May 15, 2023 $90.8M$90.2M$674K$181.4M 990 PDF
FY2021Filed with the IRS May 16, 2022 $86.9M$85.6M$1.3M$204.7M 990 PDF
FY2020 ViewingFiled with the IRS May 14, 2021 $88.3M$86.7M$1.6M$171.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $88,287,499 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,587,683$11,034,847
I-9 Program service revenuePrior year $72,502,106$72,934,294
I-10 Investment incomePrior year $7,958,249$4,018,492
I-11 Other revenuePrior year $246,553$299,866
I-12 Total revenuePrior year $86,294,591$88,287,499
I-13 Grants and similar amounts paidPrior year $33,907,750$36,388,745
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $29,398,755$25,259,010
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,091,514$25,036,997
I-18 Total expensesPrior year $86,398,019$86,684,752
I-19 Revenue less expensesPrior year −$103,428$1,602,747
Part VI · Governance 27 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $88,287,499 across 15 lines filed
Lines not itemized here account for $11,305 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$2,063,346
VIII-1f All other contributions, gifts and grants$8,971,501
VIII-1g Noncash contributions (included above)$626,376
VIII-1h Total contributions, gifts and grants$11,034,847
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,934,294 · Unrelated business $0 · Excluded from tax $0$72,934,294
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,364,199$5,364,199
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $178,774$178,774
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$1,345,707−$1,345,707
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $109,787 · Excluded from tax $0$109,787
VIII-12 Total revenueRelated to mission $72,934,294 · Unrelated business $121,092 · Excluded from tax $4,197,266$88,287,499
Part IX · Statement of functional expenses $86,684,752 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $36,388,745$36,388,745
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $907,388 · Management $440,258 · Fundraising $69,087$1,416,733
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $15,622,394 · Management $1,223,914 · Fundraising $549,069$17,395,377
IX-8 Pension plan contributionsPrograms $967,650 · Management $125,650 · Fundraising $49,496$1,142,796
IX-9 Other employee benefitsPrograms $3,575,045 · Management $373,135 · Fundraising $102,092$4,050,272
IX-10 Payroll taxesPrograms $1,126,524 · Management $87,987 · Fundraising $39,321$1,253,832
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $96,493 · Fundraising $0$96,493
IX-11c Accounting feesPrograms $0 · Management $84,450 · Fundraising $0$84,450
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $645,789 · Fundraising $0$645,789
IX-11g Other fees for servicesPrograms $1,196,230 · Management $30,692 · Fundraising $33,704$1,260,626
IX-12 Advertising and promotionPrograms $12,710 · Management $196,452 · Fundraising $3,100$212,262
IX-13 Office expensesPrograms $3,922,470 · Management $860,906 · Fundraising $84,105$4,867,481
IX-14 Information technologyPrograms $425,349 · Management $0 · Fundraising $0$425,349
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $1,842,012 · Management $4,885 · Fundraising $7,553$1,854,450
IX-17 TravelPrograms $1,004,960 · Management $55,130 · Fundraising $39,136$1,099,226
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $131,208 · Management $12,574 · Fundraising $6,988$150,770
IX-20 InterestPrograms $1,359,620 · Management $151,069$1,510,689
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $3,441,170 · Management $435,309 · Fundraising $0$3,876,479
IX-23 InsurancePrograms $21,637 · Management $681,384 · Fundraising $0$703,021
IX-24 Other expenses (24a–d)Programs $7,952,308 · Management $50,490 · Fundraising $88,543$8,091,341
IX-24e All other expensesPrograms $158,571$158,571
IX-25 Total functional expensesPrograms $80,055,991 · Management $5,556,567 · Fundraising $1,072,194$86,684,752
Part X · Balance sheet $239,263,678 assets, 24 lines filed
Asset lines not itemized here account for $2,046,523; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,127$5,865
X-2 Savings and temporary cash investmentsStart of year $1,729,582$6,797,940
X-3 Pledges and grants receivableStart of year $6,741,847$9,579,643
X-4 Accounts receivableStart of year $951,025$1,195,905
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,152,371$1,430,950
X-10c Land, buildings and equipment, netStart of year $85,431,860$89,820,999
X-11 Publicly traded securitiesStart of year $116,745,127$106,941,027
X-12 Other securitiesStart of year $17,214,005$16,498,858
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $3,117,587$4,945,968
X-16 Total assetsStart of year $235,677,832$239,263,678
X-17 Accounts payable and accrued expensesStart of year $9,370,977$7,677,582
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $1,643,502$1,277,894
X-20 Tax-exempt bond liabilitiesStart of year $46,500,000$46,500,000
X-24 Unsecured notes and loans payableStart of year $6,979,045$10,225,264
X-25 Other liabilitiesStart of year $2,589,348$2,315,707
X-26 Total liabilitiesStart of year $67,082,872$67,996,447
X-27 Net assets without donor restrictionsStart of year $33,187,548$38,525,571
X-28 Net assets with donor restrictionsStart of year $135,407,412$132,741,660
X-32 Total net assets or fund balancesStart of year $168,594,960$171,267,231
X-33 Total liabilities and net assetsStart of year $235,677,832$239,263,678
Part XI · Reconciliation of net assets $171,267,231 net assets at year end
XI-1 Total revenue$88,287,499
XI-2 Total expenses$86,684,752
XI-3 Revenue less expenses$1,602,747
XI-4 Net assets at start of year$168,594,960
XI-5 Net unrealized gains (losses) on investments$550,370
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$519,154
XI-10 Net assets at end of year$171,267,231

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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