Adrian College
Adrian College reported $96.6 million in revenue and $95.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.98 went to program services, $7.66 to management and general costs and $0.36 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.2% of the total. The highest compensation it reported for one person was $1,021,213 (PRESIDENT). 18 people received more than $100,000 in reportable compensation. Revenue rose 3% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $95MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $97MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,021,213 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.07% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 18 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 16.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 33 of 33 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseRoom and board - the exempt purpose is housing and feeding of the school's students, allowing them to sustain residency on campus in order to attend classes and achieve a liberal arts bachelor or master degree
Instruction - the exempt purpose of the school is the teaching of primarily undergraduate higher education courses, along with some graduate courses, to the school's students in order for them to obtain a liberal arts bachelor or master degree and enjoy a full college experience
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 45.0 hrs/week | $881,511 | $0 | $139,702 | $1,021,213 |
| CFO (LEFT 07/2024) Officer, 45.0 hrs/week | $133,901 | $0 | $106,772 | $240,673 |
| VP FOR ENROLLMENT MANAGEMENT Highest compensated employee, 40.0 hrs/week | $165,584 | $0 | $29,992 | $195,576 |
| CHIEF INFORMATION OFFICER Highest compensated employee, 40.0 hrs/week | $139,476 | $0 | $31,000 | $170,476 |
| VP FOR ACADEMIC AFFAIRS Highest compensated employee, 40.0 hrs/week | $134,870 | $0 | $29,093 | $163,963 |
| CFO AND TREASURER (START 07/2024) Officer, 45.0 hrs/week | $124,384 | $0 | $29,798 | $154,182 |
| VP FOR DEVELOPMENT Highest compensated employee, 40.0 hrs/week | $132,126 | $0 | $20,117 | $152,243 |
| PROFESSOR OF BUSINESS/ACCOUNTANCY Highest compensated employee, 40.0 hrs/week | $122,530 | $0 | $14,391 | $136,921 |
18 people received more than $100,000 in reportable compensation from Adrian College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b33 · 33 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,097
- Volunteers Part I, line 633
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SODEXO MANAGEMENT INC Campus dining | $7,068,603 |
| KRIEGHOFF-LENAWEE CO Construction contractor | $3,500,260 |
| BLACKBAUD Software | $432,807 |
| BIANCO TRAVEL & TOURS INC Transportation | $379,406 |
| RED LETTER PRODUCTIONS INC Computer technology contractor | $343,294 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Private foundation grants it received
30 private foundations reported grants to Adrian College totaling $2.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Adrian College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Adrian College, you can publish a response that is linked from this page.
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Of every $100 Adrian College spent in FY2025, $91.98 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Valley Christian SchoolsSan Jose, CA · revenue $97M · programs 78.7% · FY2025
- The Academy Charter SchoolHempstead, NY · revenue $97M · programs 73.7% · FY2025
- The Kinkaid SchoolHouston, TX · revenue $96M · programs 86.8% · FY2025
- The Madeira SchoolMcLean, VA · revenue $97M · programs 80.2% · FY2025
- Claremont Investment FundClaremont, CA · revenue $96M · programs 0.0% · FY2025
Questions people ask
How much of Adrian College's spending goes to programs?
In the fiscal year ending June 30, 2025, Adrian College reported that 92.0% of its $95.1 million in expenses went to program services, 7.7% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Adrian College pay its top executive?
The largest total compensation Adrian College reported for one person in the fiscal year ending June 30, 2025 was $1,021,213, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Adrian College get its money?
Of $96.6 million in revenue in the fiscal year ending June 30, 2025, 5.1% came from contributions and grants (including 0.6% from government grants) and 90.2% from program service revenue (Form 990, Part VIII).
Is Adrian College a registered charity?
The IRS lists EIN 38-1357980 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631349349305118 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349302206 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349305845 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349302909 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349303216 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101329349302795 · read the filing
All filings for EIN 38-1357980: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.