2022-04-04T09:40:04-05:00 2021-06-30 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2020-07-01 231522643 ALVERNIA UNIVERSITY ALVE 6107965600 400 SAINT BERNARDINE STREET READING PA 19607 JOHN MCCLOSKEY SENIOR VP AND CHIEF OF STAFF 6107965600 2022-04-04 1 JOHN MCCLOSKEY 999009999 LINDA S HIMEBACK CPA P00042618 6103781175 2022-04-04 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN MCCLOSKEY 400 SAINT BERNARDINE STREET READING PA 19607 100974006 0 0928 X WWW.ALVERNIA.EDU X 1958 PA A FAST GROWING FRANCISCAN UNIVERSITY GROUNDED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS 35 34 1364 50 -8411 0 5938043 10417060 82351747 83538655 1104760 843770 636772 282402 90031322 95081887 26981495 28638793 0 0 35474313 30675525 0 0 1417204 27036137 27504979 89491945 86819297 539377 8262590 170646570 194374923 92102248 99759294 78544322 94615629 X ALVERNIA IS A FRANCISCAN UNIVERSITY, GROUNDED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS, THAT COMBINES DIVERSE ACADEMIC OPPORTUNITIES WITH PERSONAL ATTENTION AND A COMMITMENT TO COMMUNITY SERVICE. SEE CONTINUATION ON SCHEDULE O. 0 0 71633417 28638793 83538655 CONDUCT, OPERATE AND MAINTAIN A COLLEGE FOR THE EDUCATION, TRAINING AND SPIRITUAL GUIDANCE OF MEN AND WOMEN, WITH THE POWER TO CONFER UPON STUDENTS, WHO HAVE SUCCESSFULLY COMPLETED THE REQUIRED COURSES, THE DEGREE OF BACHELOR OF ARTS AND THE DEGREE OF BACHELOR OF SCIENCE, AND SUCH OTHER DEGREES AS MAY BE APPROVED AND AUTHORIZED BY THE DEPARTMENT OF EDUCATION OF THE COMMONWEALTH OF PENNSYLVANIA. THE COLLEGE HAS APPROXIMATELY 3,000 STUDENTS, INCLUDING UNDERGRADUATES, GRADUATES, AND PHD STUDENTS. APPROXIMATELY 33% OF THE FULL-TIME UNDERGRADUATE STUDENTS COME FROM BERKS COUNTY, PA, 43% FROM OTHER PENNSYLVANIA AREAS, AND 24% FROM OTHER STATES AND COUNTRIES. 71633417 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 127 0 1364 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 0 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOHN MCCLOSKEY SENIOR VP & CHIEF OF STAFF 6107965600 400 SAINT BERNADINE STREET READING PA 19607 MICHAEL FROMM CHAIR 1.00 X X 0 0 0 GREGORY J SHEMANSKI VICE CHAIR 1.00 X X 0 0 0 JOHN M ARNOLD JR TRUSTEE AS OF MARCH 1.00 X 0 0 0 STEPHEN BANCO MD TRUSTEE 1.00 X 0 0 0 CHARLES BARBERA MD TRUSTEE 1.00 X 0 0 0 PAULA BARRETT TRUSTEE 1.00 X 0 0 0 DAVID BEAVENS TRUSTEE 1.00 X 0 0 0 ANN BORZA TRUSTEE 1.00 X 0 0 0 SR MARILISA DA SILVA OSF TRUSTEE 1.00 X 0 0 0 KEVIN P DEACOSTA TRUSTEE AS OF MARCH 1.00 X 0 0 0 TIMOTHY DIETRICH ESQ TRUSTEE 1.00 X 0 0 0 MICHAEL DUFF TRUSTEE 1.00 X 0 0 0 ELSAYED ELMARZOUKY TRUSTEE 1.00 X 0 0 0 JOHN H GALLEN JR TRUSTEE 1.00 X 0 0 0 PAT GILES TRUSTEE 1.00 X 0 0 0 SR MADONNA MARIE HARVATH OSF TRUSTEE 1.00 X 0 0 0 ELLEN HUYETT TRUSTEE 1.00 X 0 0 0 SR ANTOINETTE KEISER OSF TRUSTEE 1.00 X 0 0 0 MEGGAN KERBER TRUSTEE 1.00 X 0 0 0 STEVEN M KOONS CPA TRUSTEE 1.00 X 0 0 0 SR DANIELLE MARIE KUBELSKY OSF TRUSTEE 1.00 X 0 0 0 DANIEL LANGDON TRUSTEE 1.00 X 0 0 0 RACHEL MAHER DMD TRUSTEE 1.00 X 0 0 0 SR SHAUN KATHLEEN WILSON OSF TRUSTEE 1.00 X 0 0 0 KHALID N MUMIN EDD TRUSTEE 1.00 X 0 0 0 STEPHEN NAJARIAN TRUSTEE 1.00 X 0 0 0 SR DAVID ANN NISKI TRUSTEE 1.00 X 0 0 0 GUIDO PICHINI TRUSTEE 1.00 X 0 0 0 JEFFREY RUSH TRUSTEE 1.00 X 0 0 0 PETER RYE TRUSTEE 1.00 X 0 0 0 JEANNE SAVAGE TRUSTEE 1.00 X 0 0 0 RALPH SIMPSON JR TRUSTEE 1.00 X 0 0 0 PAUL TRUNK TRUSTEE 1.00 X 0 0 0 JOHN WEIDENHAMMER TRUSTEE 1.00 X 0 0 0 JOHN LOYACK PRESIDENT 40.00 X X 409160 0 62629 JOHN MCCLOSKEY SVP, CHIEF OF STAFF, SECRETARY 40.00 X 195784 0 43046 GLYNIS FITZGERALD PROVOST 40.00 X 185090 0 35802 MARY-ALICE OZECHOSKI VP, ENROLLMENT MANAGEMENT 40.00 X 194416 0 17173 RODNEY RIDLEY VP, CHIEF OPERATIONS OFFICER 40.00 X 162583 0 38236 CARL MARKS VP, CHIEF INFORMATION OFFICER 40.00 X 181105 0 35585 THOMAS MINICK VP, INSTITUTIONAL ADVANCEMENT 40.00 X 144329 0 21867 KAREN ANN CAMERON ASSOCIATE PROFESSOR 40.00 X 202172 0 22344 KAREN THACKER DEAN OF PROFESSIONAL PROGRAMS 40.00 X 144708 0 24351 VERA BRANCATO PROFESSOR 40.00 X 141160 0 15651 RICHARD STICHLER PROFESSOR 40.00 X 205123 0 24549 TUFAN TIGLIOGLU ASSOCIATE PROFESSOR 40.00 X 134986 0 21814 THOMAS FLYNN FORMER PRESIDENT 40.00 X 180860 0 48672 2481476 0 411719 39 1 1 0 WARFEL CONSTRUCTION CO 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 CONSTRUCTION 7951107 ALADDIN 16567 COLLECTIONS CENTER DR CHICAGO IL 60693 FOOD SERVICES 2475797 WILEY EDUCATION SERVICES PO BOX 416571 BOSTON MA 02241 EDUCATION SERVICES 1081054 EDUCATION ADVISORY BOARD PO BOX 603519 CHARLOTTE NC 28260 EDUCATION SERVICES 709343 EDWARDS LANDSCAPE & NURSERY 355 MONOCACY HILL RD BIRDSBORO PA 19508 GROUNDS SERVICES 679921 39 28959 8648961 1739140 85352 10417060 TUITION AND FEES 611710 72346587 72346587 AUXILIARY ENTERPRISES 611710 11192068 11192068 83538655 911808 911808 88170 59560 28610 28610 -10981 39591 4810507 932248 4936974 873819 -126467 58429 -68038 -68038 21766 28959 21766 0 STUDENT FEES & FINES 900099 202068 202068 COMMISSIONS & REBATES 900099 49154 49154 EVENT MGMT 900099 2570 2570 253792 95081887 83538655 -8411 1134583 28638793 28638793 1889639 364349 1215758 309532 21391707 19006555 2024824 360328 1262034 1122482 122669 16883 4611839 3877620 624098 110121 1520306 1250881 227209 42216 127976 127976 79938 79938 79854 79854 93611 93611 8140244 5930414 1954251 255579 769189 29586 739603 1625954 1092137 447730 86087 359086 314526 43710 850 3049435 1559028 1415567 74840 247344 189095 53558 4691 61200 39191 17361 4648 2513272 2136281 351858 25133 5499625 4682440 762616 54569 644714 174895 469819 STUDENT AID/COVID-19 1771538 1771538 BAD DEBTS 766117 250 765867 DISCOUNTS 591100 591100 PROGRAMMING ACTIVITIES 360562 245877 79727 34958 724220 308063 379388 36769 86819297 71633417 13768676 1417204 795984 855221 4971742 6011536 2231108 2111450 3776946 3504516 233128 200930 866627 1563714 205788829 71737617 123880960 134051212 20237843 26957450 5687104 6701384 7965128 12417510 170646570 194374923 6861774 14830148 1268706 2533380 72696466 71244569 642464 608601 5922689 0 4710149 10542596 92102248 99759294 X 62286787 73558441 16257535 21057188 78544322 94615629 170646570 194374923 8262590 7808717 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 79854 79854 0 PART II-B, LINE 1: ALVERNIA WORKS WITH AN ORGANIZATION THAT HELPS THE UNIVERSITY OBTAIN EARMARKS THROUGH THE FEDERAL APPROPRIATIONS PROCESS. THIS ORGANIZATION ALSO HAS A GRANT DEPARTMENT THAT WORKS WITH ALVERNIA TO SEARCH FOR FUNDING SOURCES FROM PRIVATE FOUNDATIONS AND GOVERNMENT AGENCIES. 50000 66650 X 0 17243426 2701 5524884 499270 22271741 17203745 904685 -387384 477620 17243426 16375404 804681 501581 344818 133103 17203745 15648597 34801 1257953 351837 214110 16375404 11568291 3017653 1422479 359826 15648597 0.15560 0.84440 0 0 4943861 4943861 137900109 43546810 94353299 24928515 18398033 6530482 38016344 9792774 28223570 134051212 DEPOSITS WITH BOND TRUSTEE 7965725 RIGHT-OF-USE ASSETS - OPERATING LEASE 3119941 RIGHT-OF-USE ASSETS - FINANCING LEASE 1331844 12417510 AGENCY FUNDS 1182360 GIFT ANNUITIES 25553 STUDENT DEPOSITS 4805491 FEDERAL LOAN PROGRAM ADVANCES 149951 FINANCING LEASE OBLIGATIONS 1221358 OPERATING LEASE OBLIGATIONS 3157883 10542596 X 74239526 7808717 -28638793 -20830076 95069602 93611 -81326 12285 95081887 58168219 81326 81326 58086893 93611 28638793 28732404 86819297 PART III, LINE 4: DURING FISCAL YEAR 2015, ALVERNIA UNIVERSITY RECEIVED AN ELLIOT CLOCK AS A DONATION. THE CLOCK IS ON DISPLAY AS A HISTORICAL TREASURE IN THE FRANCO LIBRARY FOR THE ENRICHMENT OF THE COLLEGE AND ITS STUDENTS. DURING THE FISCAL YEAR 2021, ALVERNIA UNIVERSITY MADE A PARTIAL PAYMENT FOR A GOLDEN WOLVES STATUE, AS A SYMBOL OF THE SCHOOL MASCOT, AND TO BE DISPLAYED OUTSIDE OF THE PHYSICAL EDUCATION BUILDING ONCE COMPLETE. IT IS BEING FUNDED BY DONOR CONTRIBUTIONS IN MEMORY OF A FORMER STAFF MEMBER AND FIELD HOCKEY COACH. PART V, LINE 4: ALVERNIA UNIVERSITY'S ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND CAPITAL PURCHASES INCLUDING TECHNOLOGY AND DEFERRED MAINTENANCE, AS DESIGNATED BY THE DONOR OR BOARD. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS -28,638,793. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -59,560. FUNDRAISING EVENTS EXPENSE -21,766. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 59,560. FUNDRAISING EVENTS EXPENSE 21,766. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS 28,638,793. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY OF NONDISCRIMINATION IS INCLUDED IN ITS "UNIVERSITY CATALOG", FINANCIAL AID LITERATURE, BROCHURES, AND GENERAL ADVERTISING. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES AN INSTITUTIONAL ASSISTANCE GRANT FROM THE COMMONWEALTH OF PENNSYLVANIA. THE UNIVERSITY RECEIVES FUNDS FROM THE FEDERAL DEPARTMENT OF EDUCATION UNDER STUDENT FINANCIAL ASSISTANCE PROGRAMS. THE UNIVERSITY ALSO RECEIVES OTHER FEDERAL FUNDS EITHER DIRECTLY OR INDIRECTLY FROM THE U.S. DEPARTMENT OF LABOR OR THE U.S. DEPARTMENT OF JUSTICE. IN THE YEAR ENDED JUNE 30, 2021, THE UNIVERSITY RECEIVED FORGIVENESS FOR A PAYCHECK PROTECTION PROGRAM LOAN WHICH WAS RECORDED AS GOVERNMENT GRANT REVENUE. SCHLAGER GOLF OUTING 50725 28959 21766 2935 12802 6029 50725 28959 21766 2935 12802 6029 21766 0 1 INSTITUTIONAL SCHOLARSHIPS 3335 27338342 INSTITUTIONAL DISCOUNTS 241 1007578 ENDOWED SCHOLARSHIPS 118 292873 PART I, LINE 2: GRANT FUNDING IS AWARDED TO ELIGIBLE STUDENTS THROUGH THE ADMISSION PROCESS AS WELL AS THROUGH THE COMPLETION OF THE ANNUAL FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). UPON ACCEPTANCE TO THE UNIVERSITY, IF DETERMINED ELIGIBLE BY ADMISSIONS, TRADITIONAL UNDERGRADUATE STUDENTS ARE AWARDED WITH INSTITUTIONAL MERIT OR PARTNERSHIP AID. WHEN THE OFFICE OF STUDENT FINANCIAL PLANNING (SFP) PACKAGES STUDENT AID, THESE FUNDS ARE AWARDED TO THE ELIGIBLE STUDENT. ONCE THE STUDENT HAS FILED THE FAFSA FORM, ADDITIONAL AID INCLUDING FEDERAL AND STATE GRANT/LOAN FUNDS ARE AWARDED AS WELL. IF FINANCIAL AID FILES ARE COMPLETED WITH MISSING DOCUMENTATION, STUDENT AID AWARDS ARE REVIEWED AND REVISED AS NECESSARY. THE SFP OFFICE WORKS CLOSELY WITH THE STUDENT ACCOUNT OFFICE (SAO) TO RECONCILE INSTITUTIONAL, FEDERAL, AND GRANT FUNDING ON AN ONGOING BASIS THROUGHOUT THE ACADEMIC YEAR. REPORTS ARE RUN FROM THE SFP OFFICE AND SENT TO SAO TO REVIEW AND IDENTIFY ANY AID DISCREPANCIES. IF ANY ARE IDENTIFIED, THE AID IS ADJUSTED AS NECESSARY. THE SFP OFFICE REQUESTS A YEAR-TO-DATE FEDERAL PELL GRANT FILE FROM COD EVERY COUPLE OF MONTHS TO RECONCILE THE AWARDING, DISBURSEMENT, AND CANCELLATION OF A STUDENT'S GRANT AWARDS. AS THE AWARD YEAR COMES TO AN END, REPORTS MAY BE RUN ON A WEEKLY BASIS FROM THE SFP, SAO AND COD SYSTEMS TO BE SURE ALL THE FUNDING AWARDED IS RECONCILED ACCURATELY. X 1 1 X X 0 0 0 0 0 0 0 1 0 JOHN LOYACK PRESIDENT 409160 0 0 0 0 0 34408 0 28221 0 471789 0 0 0 JOHN MCCLOSKEY SVP, CHIEF OF STAFF, SECRETARY 195784 0 0 0 0 0 18422 0 24624 0 238830 0 0 0 GLYNIS FITZGERALD PROVOST 185090 0 0 0 0 0 17005 0 18797 0 220892 0 0 0 MARY-ALICE OZECHOSKI VP, ENROLLMENT MANAGEMENT 194416 0 0 0 0 0 17173 0 0 0 211589 0 0 0 RODNEY RIDLEY VP, CHIEF OPERATIONS OFFICER 162583 0 0 0 0 0 15287 0 22949 0 200819 0 0 0 CARL MARKS VP, CHIEF INFORMATION OFFICER 181105 0 0 0 0 0 16533 0 19052 0 216690 0 0 0 THOMAS MINICK VP, INSTITUTIONAL ADVANCEMENT 144329 0 0 0 0 0 13123 0 8744 0 166196 0 0 0 KAREN ANN CAMERON ASSOCIATE PROFESSOR 144335 0 57837 0 0 0 10579 0 11765 0 224516 0 0 0 KAREN THACKER DEAN OF PROFESSIONAL PROGRAMS 139708 0 5000 0 0 0 12812 0 11539 0 169059 0 0 0 VERA BRANCATO PROFESSOR 141160 0 0 0 0 0 12171 0 3480 0 156811 0 0 0 RICHARD STICHLER PROFESSOR 135010 0 70113 0 0 0 9121 0 15428 0 229672 0 0 0 TUFAN TIGLIOGLU ASSOCIATE PROFESSOR 134986 0 0 0 0 0 12180 0 9634 0 156800 0 0 0 THOMAS FLYNN FORMER PRESIDENT 180860 0 0 0 0 0 16376 0 32296 0 229532 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS FOR SOCIAL CLUB DUES FOR THE PRESIDENT. THESE BENEFITS ARE NOT CONSIDERED TAXABLE INCOME AS THESE BENEFITS ARE FOR BUSINESS PURPOSES. THE SOCIAL CLUB MEMBERSHIP IS OWNED BY THE UNIVERSITY AND THE PRESIDENT USES IT AS PART OF HIS RESPONSIBILITIES. PART I, LINE 7 THE PRESIDENT'S BONUS IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. BONUSES FOR OTHER OFFICERS AND EMPLOYEES ARE BASED ON THE OVERALL PERFORMANCE OF THE UNIVERSITY AND PERSONAL GOAL ATTAINMENT BY THE EMPLOYEE. BONUSES FOR THE VICE PRESIDENTS ARE REVIEWED AND APPROVED BY THE PRESIDENT. A BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2019) 236647630 2019-12-11 52000000 SEE PART VI 0 0 0 B BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2020) 236647630 2020-02-27 21527132 SEE PART VI 0 0 0 A 1050000 52000000 43793141 535387 4271472 2029868 2019 1 0 1 1 B 365000 21527132 1332000 12541129 302526 728528 6622950 2021 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES BOND ISSUE DATED 12/11/2019: (A) ISSUER NAME: BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2019) (B) DESCRIPTION OF PURPOSE: TO REFUND PRIOR DEBT, PAY THE COST OF ISSUANCE OF THESE BONDS, PROVIDE FOR A FUTURE CAPITAL PROJECT AND REIMBURSE THE UNIVERSITY FOR CERTAIN CAPITAL EXPENDITURES BOND ISSUE DATED 02/01/2020: (A) ISSUER NAME: BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2020) (B) DESCRIPTION OF PURPOSE: TO REFUND PRIOR DEBT, PAY THE COST OF ISSUANCE OF THE 2020 BONDS. ADDITIONALLY, PROCEEDS OF THESE BONDS ESTABLISH THE DEBT SERVICE RESERVE FUND AND PROVIDE FOR A FUTURE CAPITAL PROJECT. GUIDO PICHINI TRUSTEE 649337 SEE PART V 0 JEFFREY RUSH TRUSTEE 6836 SEE PART V 0 JOHN GALLEN TRUSTEE 588008 SEE PART V 0 RALPH SIMPSON TRUSTEE 11740620 SEE PART V 0 JOHN WEIDENHAMMER TRUSTEE 105994 SEE PART V 0 SCHEDULE L, PART VI, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (D) DESCRIPTION OF TRANSACTION: GUIDO PICHINI IS A TRUSTEE OF ALVERNIA AND THE PRESIDENT OF W.S.K. ASSOCIATIES. ALVERNIA PAID W.S.K. ASSOCIATES APPROXIMATELY $649,000 FOR CAMPUS SECURITY DURING THE FISCAL YEAR ENDING JUNE 30, 2021. JEFFREY RUSH IS A TRUSTEE OF ALVERNIA AND THE REGIONAL PRESIDENT OF FULTON BANK. ALVERNIA HAS DEPOSIT ACCOUNTS AND A LINE OF CREDIT OF $20,000,000 WITH FULTON BANK. ALVERNIA PAID FULTON BANK APPROXIMATELY $7,000 IN INTEREST ON THE LINE OF CREDIT DURING THE YEAR ENDED JUNE 30, 2021.JOHN GALLEN IS A TRUSTEE OF ALVERNIA AND THE OWNER AND PRESIDENT OF ETHOSOURCE. ALVERNIA PAID ETHOSOURCE APPROXIMATELY $588,000 FOR FURNITURE AND DESIGN SERVICES DURING THE FISCAL YEAR ENDED JUNE 30, 2021. RALPH SIMPSON IS A TRUSTEE OF ALVERNIA AND THE CEO OF WARFEL CONSTRUCTION. ALVERNIA PAID WARFEL CONSTRUCTION APPROXIMATELY $11,741,000 FOR CONSTRUCTION SERVICES DURING THE YEAR ENDED JUNE 30, 2021. JOHN WEIDENHAMMER IS A TRUSTEE OF ALVERNIA AND THE PRESIDENT OF WEIDENHAMMER SYSTEMS CORP. ALVERNIA PAID WEIDENHAMMER SYSTEMS CORP, APPROXIMATELY $106,000 FOR ITE SERVICES DURING THE YEAR ENDED JUNE 30, 2021. X 7 76982 CLOSING COST X POOLTABLE, DARTBOARD SIGN 1 5000 FAIR MARKET VALUE X POTTERY KILN, THROWER WHEEL, ART SUPPLIES 1 3370 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE TOTAL NUMBER OF CONTRIBUTORS FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: SITUATED ON A SCENIC 121-ACRE SUBURBAN CAMPUS IN HISTORIC BERKS COUNTY, PA, THE UNIVERSITY IS CONVENIENTLY LOCATED NEAR PHILADELPHIA (60 MILES) AND WITHIN AN EASY DRIVE OF NEW YORK, BALTIMORE, AND WASHINGTON DC. WITH A COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF PROFESSIONAL STUDIES, ALVERNIA OFFERS MORE THAN 50 UNDERGRADUATE MAJORS AND MINORS INCLUDING PRE-PROFESSIONAL PROGRAMS IN MEDICINE, DENTISTRY, LAW, AND VETERINARY MEDICINE. THE UNIVERSITY ALSO PROVIDES A BROAD RANGE OF GRADUATE PROGRAMS AT THE MASTER'S AND DOCTORAL LEVELS THROUGH ITS SCHOOL OF GRADUATE AND ADULT EDUCATION. THE UNIVERSITY'S MAIN CAMPUS IS LOCATED IN READING, PENNSYLVANIA, WITH SATELLITE SITES IN THE PHILADELPHIA AND SCHUYLKILL COUNTY AREAS. ALVERNIA SUPPORTS A STIMULATING AND CARING LEARNING COMMUNITY THAT IS WELCOMING TO MORE THAN 3,000 STUDENTS WHO HAIL FROM DIVERSE GEOGRAPHICAL, CULTURAL, AND RELIGIOUS BACKGROUNDS. THEY BENEFIT FROM FACULTY WHO ARE ACCOMPLISHED SCHOLARS AND SUPPORTIVE MENTORS. ALVERNIA STUDENTS ALSO ENJOY THE PERSONAL ATTENTION AFFORDED BY SMALL CLASS SIZES AND REAL WORLD APPLICATION OF THEIR STUDIES VIA AN EXTENSIVE NETWORK OF FIELD EXPERIENCES, INTERNSHIPS, AND SERVICE PROJECTS THAT DEVELOP SUCCESSFUL PROFESSIONALS AND ENGAGED CITIZENS. THROUGH STRATEGIC PARTNERSHIPS, ALVERNIA OFFERS MULTIPLE GRADUATE AND UNDERGRADUATE ONLINE PROGRAMS AND MORE THAN 700 ONLINE CONSORTIUM COURSES PROVIDING A BOUNDARY-FREE APPROACH TO LEARNING. ALVERNIA IS ALSO A GREAT VALUE AMONG PRIVATE UNIVERSITIES, AND WORKS HARD TO KEEP COSTS AFFORDABLE FOR FAMILIES. THE SCHOOL ALSO OFFERS GENEROUS SCHOLARSHIPS AND FINANCIAL AID TO HELP STUDENTS REALIZE THEIR UNIVERSITY DREAMS. AS ONE OF ONLY 22 FRANCISCAN INSTITUTIONS IN THE UNITED STATES, ALVERNIA'S VALUES-BASED LEARNING PHILOSOPHY IS GUIDED BY THE IDEAL OF "KNOWLEDGE JOINED WITH LOVE" THAT SHAPES BOTH ITS EDUCATIONAL PHILOSOPHY AND STRONG CAMPUS COMMUNITY. THE UNIVERSITY'S EMPHASIS ON DEVELOPING ETHICAL LEADERS WITH MORAL COURAGE IS BLENDED WITH A COMMITMENT TO SERVICE IN A CAMPUS ENVIRONMENT THAT PROVIDES STUDENTS THE IDEAL SETTING TO GROW AND DEVELOP. THE UNIVERSITY'S ATHLETIC TEAMS, THE GOLDEN WOLVES, COMPETE UNDER THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION DIVISION III AND ARE MEMBERS OF THE FREEDOM CONFERENCE OF THE MIDDLE ATLANTIC CONFERENCE, AS WELL AS MEMBERS OF THE EASTERN COLLEGE ATHLETIC CONFERENCE. ATHLETIC PROGRAMS INCLUDING MEN'S FOOTBALL, BASEBALL AND WRESTLING; MEN'S AND WOMEN'S BASKETBALL, CROSS COUNTRY, GOLF, LACROSSE, SOCCER, TENNIS, ICE HOCKEY AND TRACK AND FIELD AND WOMEN'S CHEERLEADING, DANCE, FIELD HOCKEY, SOFTBALL, AND VOLLEYBALL. ALVERNIA'S FRANCISCAN HERITAGE INCLUDES A STRONG INTELLECTUAL TRADITION THAT RECOGNIZES AND VALUES THE IMPORTANCE OF DIVERSITY OF THOUGHT, FAITHS, AND CULTURES. THE UNIVERSITY CHALLENGES STUDENTS TO SHAPE THE WORLD AND TRANSFORM IT AS WORKING PROFESSIONALS, CONCERNED CITIZENS, AND CARING COMMUNITY MEMBERS, CONSISTENT WITH THE PRINCIPLES AND TEACHING OF SAINT FRANCIS OF ASSISI. THE BERNARDINE FRANCISCAN SISTERS, WHO FOUNDED ALVERNIA IN 1958, ARE MEMBERS OF THE THIRD ORDER REGULAR OF ST. FRANCIS. THE THIRD ORDER WAS A SPONTANEOUS PENITENTIAL LAY MOVEMENT INFLUENCED BY ST. FRANCIS AND THE EARLY BROTHERS AS THEY WORKED AND PREACHED IN CITIES AND TOWNS OF ITALY, ENCOURAGING PEOPLE TO LIVE THE GOSPEL AND EMBRACE A LIFE OF PENANCE IN THEIR OWN HOMES. SOME OF THESE PENITENTS EVENTUALLY DECIDED TO TAKE PUBLIC VOWS AND LIVE A COMMON LIFE, AND THE BERNARDINE FRANCISCAN SISTERS ARE ONE OF MANY RELIGIOUS CONGREGATIONS SHARING THIS THIRD ORDER CHARISM. AS A FRANCISCAN UNIVERSITY, ALVERNIA'S IDENTITY IS BASED ON LIFE CHANGING IDEALS THAT STRESS UNCONDITIONAL LOVE FOR ALL PEOPLE, COMPASSION, HUMILITY, AND FORGIVENESS THROUGH AN UNDERSTANDING OF THE GOSPELS OF JESUS CHRIST. CORE TO ITS MISSION IS THE BELIEF IN THE SANCTITY OF HUMAN LIFE AND THE PROTECTION OF HUMAN RIGHTS THROUGH ACTIVE PARTICIPATION IN THE ECONOMIC, POLITICAL, LEGAL, AND SOCIAL POLICY DIALOG THAT AFFECTS HUMAN DIGNITY. SERVICE, HUMILITY, PEACEMAKING, CONTEMPLATION, AND COLLEGIALITY ARE THE CORE VALUES OF ALVERNIA AND THE BERNARDINE FRANCISCAN SISTERS. THESE BASIC VALUES ARE INTENDED TO INFORM A WAY OF LIFE, A VIEW OF THE WORLD, AND A DEFINITION OF MEN'S AND WOMEN'S RELATIONSHIPS TO THEIR CREATOR THAT IS MORE RELEVANT TODAY THAN EVER BEFORE. ALVERNIA'S FRANCISCAN MISSION INFLUENCES ALL THAT IT DOES - ITS CURRICULUM AND CULTURE; WHAT THE UNIVERSITY TEACHES AND HOW IT IS TAUGHT. THIS CREATES A LEARNING ENVIRONMENT THAT ENCOURAGES STUDENTS TO FOLLOW THEIR INDIVIDUAL GIFTS TO TRANSFORM THEMSELVES AND THE WORLD AROUND THEM. FORM 990, PART VI, SECTION A, LINE 3 THE UNIVERSITY OUTSOURCES ITS HUMAN RESOURCE FUNCTION. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL SERVE IN AN EX-OFFICIO CAPACITY AND SHALL CONSIST OF THE GENERAL MINISTER AND COUNCIL OF THE CONGREGATION OF BERNARDINE SISTERS OF THE THIRD ORDER OF ST. FRANCIS OF READING, PA. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE POWER TO DO THE FOLLOWING: - DETERMINE AND MAINTAIN THE IDENTITY, PURPOSE, AND FRANCISCAN AFFILIATION OF THE CORPORATION - ADOPT, AMEND, REPEAL, OR ALTER THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION - APPROVE THE SALE, PURCHASE, MORTGAGE, OR ENCUMBRANCE OF ANY REAL PROPERTY TRANSACTION GREATER THAN $3,000,000 - MERGE, CONSOLIDATE, DISSOLVE, OR EFFECT ANY FUNDAMENTAL CORPORATE REORGANIZATION OF THE CORPORATION - DETERMINE DISTRIBUTION OF ASSETS UPON DISSOLUTION OF THE CORPORATION - PARTICIPATE IN THE NOMINATING OF THE PRESIDENT OF THE BOARD OF TRUSTEES - APPROVE THE USE OF THE NAMES "ALVERNIA", "BERNARDINE", AND "FRANCISCAN" - APPROVE THE ARTICLES OF INCORPORATION AND BYLAWS OF ANY SUBSIDIARY OR RELATED CORPORATION FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PRESENTED TO THE ADMINISTRATION FOR REVIEW AND DISCUSSION. ITEMS THAT NEED CLARIFICATION ARE THEN DISCUSSED WITH MANAGEMENT AND THE UNIVERSITY'S TAX ADVISORS/LEGAL COUNSEL. ONCE ITEMS ARE CLARIFIED AND ANSWERED, THE DRAFT FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE WHERE THERE IS A DISCUSSION OF THE ENTIRE FORM, QUESTIONS ARE ANSWERED, AND A VOTE TO APPROVE IS CAST. ONCE APPROVED, A COPY IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES VIA THE UNIVERSITY'S SECURE PORTAL. AFTER THE BOARD HAS HAD TIME TO REVIEW AND COMMENT, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS ALL OF THE STATEMENTS. ANYONE NOTED WITH A CONFLICT IS REQUIRED TO ABSTAIN FROM VOTING ON SUCH TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 ALVERNIA ENGAGES COMPENSATION CONSULTANTS (YAFFE & CO.) TO REVIEW NATIONAL COMPENSATION TRENDS AND MONITORS COMPENSATION AT OUR PEER INSTITUTIONS. THIS INCLUDES UTILIZING NATIONAL SURVEYS AND DATABASES AS WELL AS THE CONSULTANTS' PROPRIETARY SURVEYS AND SPECIFIC REVIEW OF IRS FORM 990S OF PEERS. THE CONSULTANT SERVES AS AN ADVISOR TO THE PRESIDENTIAL COMPENSATION SUB-COMMITTEE (BOARD CHAIR, VICE CHAIR, AND CHAIR OF FINANCE & BUSINESS AFFAIRS COMMITTEE). THE COMPENSATION COMMITTEE MAKES ITS RECOMMENDATIONS TO THE BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD OF TRUSTEES IN AN EXECUTIVE SESSION ON AN ANNUAL BASIS. THE UNIVERSITY ALSO USES THE SAME CONSULTING FIRM TO REVIEW THE VICE PRESIDENT'S COMPENSATION. SIMILAR COMPARISONS ARE MADE TO SURVEYS AND PEER GROUPS AS DISCUSSED ABOVE. RECOMMENDATIONS ARE THEN MADE TO THE PRESIDENT. THE VICE PRESIDENTS' SALARIES ARE THEN ALSO REVIEWED BY THE BOARD OF TRUSTEES. THE COMPENSATION DETERMINATION PROCESS IS DOCUMENTED EACH YEAR IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. BERNARDINE SISTERS OF THE THIRD ORDER OF ST FRANCIS 460 SAINT BERNARDINE STREET READING PA 19607 231691743 RELIGIOUS ORDER PA 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0