Alma College
Alma College reported $84.8 million in revenue and $90.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.50 went to program services, $8.14 to management and general costs and $1.36 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.1% of the total. The highest compensation it reported for one person was $499,409 (President). 16 people received more than $100,000 in reportable compensation. Revenue fell 4% 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 $90MFor 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 $85MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $499,409 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.55% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 16 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 22 | 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 expenseScholarships 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 95% of students living and eating on campus
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, 60 hrs/week | $373,255 | $0 | $126,154 | $499,409 |
| Chief Operating Officer Officer, 60 hrs/week | $247,915 | $0 | $22,023 | $269,938 |
| Vice President for Advancement Officer, 60 hrs/week | $202,429 | $0 | $17,750 | $220,179 |
| Vice President of Finance Officer, 60 hrs/week | $182,062 | $0 | $30,997 | $213,059 |
| Provost Officer, 60 hrs/week | $186,125 | $0 | $16,166 | $202,291 |
| Vice President of Student Affairs Officer, 60 hrs/week | $160,480 | $0 | $27,960 | $188,440 |
| Vice President for Communication and Marketing Officer, 60 hrs/week | $150,719 | $0 | $17,655 | $168,374 |
| Faculty Highest compensated employee, 50 hrs/week | $138,192 | $0 | $23,869 | $162,061 |
16 people received more than $100,000 in reportable compensation from Alma College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (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–1b22 · 22 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 11aYes
- Family or business ties among insiders Part VI 2No
- 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 5994
- Volunteers Part I, line 675
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Granger Construction Company Construction manager | $7,100,127 |
| Metz Culinary Management LLC Food services | $4,118,124 |
| National Management Resources Housekeeping and Grounds | $1,877,953 |
| Beyond Horizons Tour & Travel Bus and transportation services | $430,673 |
| Ellucian Company LLC Software provider | $344,194 |
Individuals listed as contractors are left out. 20 contractors were paid more than $100,000 in all.
Private foundation grants it received
22 private foundations reported grants to Alma College totaling $707K 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 Alma 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 Alma College, you can publish a response that is linked from this page.
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Of every $100 Alma College spent in FY2025, $90.50 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hartwick CollegeOneonta, NY · revenue $85M · programs 92.8% · FY2025
- Noble and Greenough SchoolDedham, MA · revenue $85M · programs 84.3% · FY2025
- Our Lady of the Lake University of San AntonioSan Antonio, TX · revenue $85M · programs 88.5% · FY2025
- Felician UniversityLodi, NJ · revenue $85M · programs 92.4% · FY2025
- Thales AcademyRaleigh, NC · revenue $85M · programs 97.1% · FY2025
Questions people ask
How much of Alma College's spending goes to programs?
In the fiscal year ending June 30, 2025, Alma College reported that 90.5% of its $90.2 million in expenses went to program services, 8.1% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Alma College pay its top executive?
The largest total compensation Alma College reported for one person in the fiscal year ending June 30, 2025 was $499,409, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Alma College get its money?
Of $84.8 million in revenue in the fiscal year ending June 30, 2025, 7.9% came from contributions and grants (including 0.8% from government grants) and 85.1% from program service revenue (Form 990, Part VIII).
Is Alma College a registered charity?
The IRS lists EIN 38-1359083 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202611359349312691 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349313777 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349305943 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349302119 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349312409 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349305701 · read the filing
All filings for EIN 38-1359083: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.