Overview
What is Alma College?
Alma College is a Michigan-based residential liberal arts institution with a strong commitment to academic excellence. With approximately 1,060 employees, the college offers on-campus housing and dining facilities to around 96% of its students. Scholarships and awards help offset the cost of tuition, ensuring accessibility to higher education. Alma College's mission is to cultivate graduates who exhibit critical thinking skills, generosity, purposeful leadership, and a sense of responsibility as stewards in their communities. Instruction is delivered by highly qualified faculty and assistants, empowering students to succeed academically and personally.
Official website here: www.alma.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Alma College has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and finance management. The rating is based on a comprehensive assessment of the organization’s financial health, with a perfect score in several key areas including board independence and financial oversight. This suggests that Alma College is effectively managing its resources and upholding strong governance practices.
The college boasts a robust accountability framework, highlighted by its 100% independent board members and well-documented policies on conflict of interest and whistleblower protections. Additionally, the organization maintains a healthy liabilities to assets ratio, showcasing its ability to manage debts effectively while sustaining its programmatic activities. The program expense ratio of 86.41% indicates that a significant portion of its resources is directed toward its mission-driven programs.
However, while the financial metrics are strong, it is important to continuously monitor how these scores translate into the impact and effectiveness of the organization’s programs in the community. Stakeholders may benefit from understanding more about the specific outcomes of Alma College's initiatives beyond financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Alma College legitimate?
Alma College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alma College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,407,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,552,182
For more financial information, click here
Official website here: www.alma.edu
What is the mission statement of Alma College?
Alma College is dedicated to shaping the next generation of critical thinkers and community contributors. Its mission is to foster graduates who lead purposefully, think profoundly, serve generously, and live responsibly as stewards. To achieve this goal, the institution provides quality instruction from skilled faculty, scholarships and awards, housing, and food services. Alma College is a residential liberal arts college, with over 95% of its students residing and eating on campus. The college's mission emphasizes the development of well-rounded individuals who are prepared to make a meaningful impact on society.
Official website here: www.alma.edu
Who is the CEO of Alma College?
Jeff Abernathy is the Principal Officer of Alma College.
Official website here: www.alma.edu
What is the revenue of Alma College?
Alma College's revenue in 2022 was $90,838,076.
Official website here: www.alma.edu
Who are the executives of Alma College and what are their salaries?
The average compensation at Alma College during 2022 was $17,886. There are 1060 employees and 700 volunteers at Alma College.
Here are 42 key members and their salaries:
- Compensation: $404,091
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- Other: $123,892
- Compensation: $261,772
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- Other: $18,565
- Compensation: $231,391
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- Other: $21,352
- Compensation: $176,667
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- Other: $22,068
- Compensation: $153,397
- Related: $0
- Other: $19,820
- Compensation: $122,235
- Related: $0
- Other: $15,589
- Compensation: $130,775
- Related: $0
- Other: $3,553
- Compensation: $122,400
- Related: $0
- Other: $5,813
- Compensation: $104,676
- Related: $0
- Other: $18,015
- Compensation: $112,200
- Related: $0
- Other: $5,813
- Compensation: $98,865
- Related: $0
- Other: $3,014
- Compensation: $93,840
- Related: $0
- Other: $3,553
- Compensation: $66,369
- Related: $0
- Other: $22,819
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Official website here: www.alma.edu
Where can I find the form 990 for Alma College?
Alma College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alma.edu
Learn more at the official website: www.alma.edu
Mission Statement of Alma College
Alma College, a residential liberal arts institution, is committed to shaping graduates who embody critical thinking, generosity, purpose, and responsibility as stewards. The educational experience at Alma College empowers students to engage deeply with their studies, fostering intellectual curiosity and a strong foundation for future success.
Through the provision of scholarships and awards, Alma College ensures that academic excellence is accessible to a diverse student body. Highly qualified faculty and teaching assistants engage students in active learning, inspiring a passion for lifelong education. The college provides essential services such as housing and food, creating a nurturing and supportive learning environment. With around 96% of students residing on campus, Alma College fosters a strong sense of community and fosters meaningful connections among students.
In summary, Alma College's mission remains steadfast in its dedication to preparing graduates who are not only academically astute but also socially responsible and engaged citizens. As these individuals embark on their post-graduation journey, they carry with them the critical thinking skills, generosity, purpose, and responsibility to make a positive impact in their communities and beyond.
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Impact
October, 2024
Alma College significantly impacts its community and students by fostering a vibrant educational environment that emphasizes critical thinking, leadership, and responsible stewardship. By providing scholarships and awards, the college effectively lowers the financial barriers to higher education, making it accessible for many students. The highly qualified faculty and assistants offer invaluable instruction, guiding students toward academic excellence.
The college's commitment to a residential liberal arts experience means that approximately 96% of students live and eat on campus, encouraging a strong sense of community and collaboration. Through this immersive approach, Alma College cultivates an atmosphere where students not only gain knowledge but also learn to serve generously and lead purposefully. Overall, Alma College prepares its graduates to make meaningful contributions to society, ensuring they are well-equipped to thrive in their personal and professional lives.
This information is meant to be a general summary of Alma College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,868,274
- Program Service Revenue: $72,922,474
- Gross Receipts: $128,742,325
Assets and Liabilities:
- Total Assets: $241,298,093
- Total Liabilities: $59,869,154
- Net Assets: $181,428,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Student Tuition and Fees
Revenue
$56,508,018
Student Room and Board
Revenue
$14,339,760
Student Program Fees
Revenue
$2,074,696
Organization Details
Founding Year
1886
Phone
(989) 463-7144Principal Officer
Jeff Abernathy
Main Address
614 W Superior Street, Alma, MI, 48801
Website
www.alma.eduNTEE Category
Code: B420 - Education
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