2020-03-05T17:51:05-06:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2018-07-01 390806263 ALVERNO COLLEGE ALVE 4143826000 PO BOX 343922 MILWAUKEE WI 532343922 ROBIN HANSEN VP OF FINANCE AND ADMIN/CFO 4143826000 2020-02-10 1 TROY E MARINE CPA P00187863 4147775500 2020-02-10 71.159.58.30 2020-02-10 12:37:10 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2021-01-29 14:40:06Z ANDREA LEE PO BOX 343922 MILWAUKEE WI 532343922 52131524 0 X WWW.ALVERNO.EDU X 1940 WI ALVERNO OFFERS UNDERGRADUATE PROGRAMS FOR WOMEN, AND ADULT AND GRADUATE PROGRAMS FOR WOMEN & MEN. 29 29 1044 358 0 0 3522323 4996202 45098410 43484509 1359321 1713628 -12873 0 49967181 50194339 12810184 12837085 0 0 23257243 23336517 31710 102000 1372031 16289559 15782256 52388696 52057858 -2421515 -1863519 100838834 99613485 20744797 20621637 80094037 78991848 ALVERNO COLLEGE PREPARES WOMEN FOR LIVES OF PERSONAL AND PROFESSIONAL DISTINCTION AND MEANINGFUL ENGAGEMENT WITH THE WORLD. ALVERNO ALSO EXTENDS THIS MISSION BY OFFERING GRADUATE AND ADULT PROGRAMS TO WOMEN AND MEN. 0 0 47032787 12837085 43484509 HIGHER EDUCATION: ALVERNO COLLEGE IS A CATHOLIC, FRANCISCAN COLLEGE IN MILWAUKEE, WI, FOUNDED IN 1887 BY THE SCHOOL SISTERS OF ST. FRANCIS. THE COLLEGE WAS DESIGNATED A HISPANIC-SERVING INSTITUTION IN 2017, THE FIRST IN WI. ALVERNO'S 60-PLUS UNDERGRADUATE PROGRAM AREAS REFLECT MAJORS, MINORS, AND ADULT & DEGREE COMPLETION PROGRAMS. THEY ARE CONTAINED IN FOUR SCHOOLS: THE SCHOOL OF PROFESSIONAL STUDIES; JOANN MCGRATH SCHOOL OF NURSING AND HEALTH PROFESSIONS; SCHOOL OF ARTS AND SCIENCES; AND SCHOOL OF ADULT LEARNING AND NEW INITIATIVES. ALVERNO OFFERS GRADUATE PROGRAMS FOR WOMEN AND MEN: A MASTER OF ARTS IN EDUCATION;MASTER OF BUSINESS ADMINISTRATION;MASTER OF MUSIC THERAPY AND LITURGY & MUSIC;MASTER OF SCIENCE IN SCHOOL & COMMUNITY PSYCHOLOGY; MASTER OF SCIENCE IN NURSING; AND DOCTORATE OF NURSING PRACTICE. 47032787 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 2157 0 1 1044 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X ROBIN HANSEN 4143826129 3400 S 43RD STREET MILWAUKEE WI 532343922 ABBY ANDRIETSCH BOARD MEMBER 1.00 X 0 0 0 CHARLES R BARTELS BOARD MEMBER 1.00 X 0 0 0 MARY BETH BERKES BOARD MEMBER 1.00 X 0 0 0 TINA CHANG BOARD MEMBER 1.00 X 0 0 0 RICARDO DIAZ BOARD MEMBER 1.00 X 0 0 0 JACQUELYN FREDRICK BOARD MEMBER 1.00 X 0 0 0 DEB FUMAGALLI BOARD MEMBER 1.00 X 0 0 0 CECELIA I GORE BOARD MEMBER 1.00 X 0 0 0 MARIANNE HECHMANN BOARD MEMBER 1.00 X 0 0 0 KATHERINE M HUDSON BOARD MEMBER 1.00 X 0 0 0 BARBARA A KLUKA BOARD MEMBER 1.00 X 0 0 0 DONALD W LAYDEN JR BOARD CHAIR 1.00 X 0 0 0 ALLEN L LEVERETT BOARD MEMBER 1.00 X 0 0 0 MARIANNE LUBAR BOARD MEMBER 1.00 X 0 0 0 JIM MCKEOWN BOARD MEMBER 1.00 X 0 0 0 KIM METCALF KUPRES BOARD MEMBER 1.00 X 0 0 0 GERDA MOEHLER BOARD MEMBER 1.00 X 0 0 0 ABIGAIL J NASH BOARD MEMBER 1.00 X 0 0 0 KRISTINE OBRECHT BOARD MEMBER 1.00 X 0 0 0 PAUL E PURCELL BOARD MEMBER 1.00 X 0 0 0 AJITA RAJENDRA BOARD MEMBER 1.00 X 0 0 0 ROY REIMAN BOARD MEMBER 1.00 X 0 0 0 SUSAN ROSENBACH BOARD MEMBER 1.00 X 0 0 0 MARY C SCHNEIDER BOARD MEMBER 1.00 X 0 0 0 MARSHA SEHLER BOARD MEMBER 1.00 X 0 0 0 THERESA THOENEN BOARD MEMBER 1.00 X 0 0 0 ROBERT VENABLE BOARD MEMBER 1.00 X 0 0 0 TIA VERNON BOARD MEMBER 1.00 X 0 0 0 BARBARA WYATT SIBLEY BOARD MEMBER 1.00 X 0 0 0 ANDREA LEE PRESIDENT 40.00 X 0 0 23422 ROBIN HANSEN CFO 40.00 X 59785 0 9803 WENDY POWERS VP FOR STUDENT AFFAIRS 40.00 X 81881 0 18179 ANDREA T PETRIE VP ADVANCEMENT 40.00 X 76696 0 5055 SCOTT ZEMAN VP OF ACADEMIC AFFAIRS 40.00 X 154714 0 11092 KATHERINE LUNDEEN VP OF ENROLLMENT 40.00 X 92073 0 20760 JILL DESMOND FORD CHIEF OF STAFF 40.00 X 96266 0 22376 REBECCA DUBIN-JENKINS EXECUTIVE DIRECTOR - MARKETING 40.00 X 95112 0 5373 656527 0 116060 5 0 1 0 AVIAND'S 1751 COUNTY ROAD B2W 300 ST PAUL MN 55113 FOOD SERVICES 1065038 EAGLE ENTERPRISES LTD 333 N 121ST ST MILWAUKEE WI 53226 JANITORIAL 956772 DAVID J FRANK LANDSCAPING PO BOX 70 GERMANTOWN WI 53022 LANDSCAPING 517439 JF AHERN CO 3201 W CANAL ST MILWAUKEE WI 53208 HVAC 377510 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ERP SOFTWARE/CONSULTING' 299668 18 367389 4628813 1474638 4996202 TUITION AND FEES 611310 39593747 39593747 AUXILIARY ENTERPRISES 611310 3692849 3692849 OTHER INCOME 611310 197913 197913 43484509 1576778 1576778 2066755 7280 1937119 66 129636 7214 136850 136850 50194339 43484509 0 1713628 12837085 12837085 830999 456615 374384 17766243 15816907 1133487 815849 672122 585935 49420 36767 2791307 2205674 474664 110969 1275846 1153784 62984 59078 50381 50381 40649 40649 102000 102000 96327 79951 16376 3193742 2882073 292651 19018 795604 773554 5000 17050 2199258 1869742 168416 161100 2635972 2454372 181540 60 343615 286590 10822 46203 65695 65245 450 566959 469520 94399 3040 4363189 4363039 150 BAD DEBT 685459 2352 683107 EQUIPMENT 667754 662697 4160 897 GOODS FOR RESALE 67652 67652 INSURANCE DEDUCTIBLE 10000 10000 52057858 47032787 3653040 1372031 277392 568887 5254808 5321554 3301296 2255608 939958 1526039 1595673 1425282 155559 137437 559539 581249 107860507 60977155 50338218 46883352 34093599 35962690 3531199 4129437 791593 821950 100838834 99613485 2007281 2858040 1385567 1398712 2129037 1476349 11516017 11023652 3706895 3864884 20744797 20621637 X 21354440 52447348 39633447 0 19106150 26544500 80094037 78991848 100838834 99613485 -1863519 761330 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132407 X X 0 29962845 611607 2358165 1274251 31658366 27709006 941095 2511492 1198748 29962845 23854949 2030893 3056358 1233194 27709006 25425125 643188 -989203 1224161 23854949 25317427 615606 504033 1011941 25425125 0.33000 0.59000 0.08000 0 0 32900 32900 73028303 37582597 35445706 8052586 3990776 4061810 24275388 17542201 6733187 2471330 1861581 609749 46883352 ASSET RETIREMENT OBLIGATION 3569945 ANNUITIES PAYABLE 294939 3864884 X 38074238 761330 51981 813311 37260927 96327 12837085 12933412 50194339 39176427 51981 51981 39124446 96327 12837085 12933412 52057858 PART III, LINE 4: THE MAJORITY OF THE ART COLLECTION DONATED TO THE COLLEGE IS 46 PAINTINGS FROM TWO WISCONSIN ARTISTS. THE COLLEGE'S UNIQUE EMPHASIS ON LEARNING EIGHT ABILITIES NEEDED TO PUT KNOWLEDGE TO USE - COMMONLY CALLED "ABILITY-BASED EDUCATION" - HAS GAINED NATIONAL PRAISE. ONE OF THE ABILITIES STUDENTS NEED TO DEMONSTRATE IS AESTHETIC ENGAGEMENT WHICH IS DEFINED AS ENGAGE WITH VARIOUS FORMS OF ART AND IN ARTISTIC PROCESSES, TAKE AND DEFEND POSITIONS REGARDING THE MEANING AND VALUE OF ARTISTIC EXPRESSIONS IN THE CONTEXTS FROM WHICH THEY EMERGE. THE ART COLLECTION WILL BE USED FOR EDUCATIONAL PURPOSE. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ACCORDING TO AN INTERNAL REVENUE SERVICE DETERMINATION LETTER DATED MARCH 1956. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE COLLEGE HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 51,981. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS 12,837,085. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 51,981. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS 12,837,085. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 THE PROGRAMS, SERVICES, AND FACILITIES OF THE COLLEGE ARE AVAILABLE TO THE GENERAL PUBLIC REGARDLESS OF RACE, COLOR, RELIGION, DISABILITY, OR NATIONAL ORIGIN. SCHEDULE E, PART I, LINE 6 IN 1979, ALVERNO COLLEGE WAS A WOMEN'S COLLEGE AND DID NOT ACCEPT STUDENTS INTO UNDERGRADUATE DEGREE PROGRAMS WHO WERE NOT FEMALE. THE COLLEGE WAS CHARGED WITH DISCRIMINATION BECAUSE IT DENIED ADMISSION TO A MALE APPLICANT FOR A NURSING DEGREE PROGRAM. IN 1980, A CONCILIATION AGREEMENT WAS ENTERED INTO BY THE COLLEGE AND THE DEPARTMENT OF HEALTH, EDUCATION, AND WELFARE, WHEREBY THE COLLEGE AGREES THAT IT WILL NEITHER REQUEST NOR RECEIVE PUBLIC HEALTH ACT FUNDS DURING SUCH TIMES AS THE ADMISSION POLICIES OF THE COLLEGE RESTRICT MALES FROM ADMITTANCE TO ALL PROGRAMS IN THE DEPARTMENT OF NURSING. TODAY, ALVERNO COLLEGE DOES WELCOME BOTH MEN AND WOMEN INTO OUR ADULT UNDERGRADUATE, LICENSURE AND GRADUATE PROGRAMS. X X X X X X X 1 ADVANCEMENT PARTNERS 9004 TARTAN FIELDS DRIVE DUBLIN OH 43017 MAJOR GIFT CONSULTING 0 0 102000 -102000 102000 -102000 AZ DE FL GA ID IN KS KY MO MT ND NE NM NV OH TX WI WY IL CA MN 1 INSTITUTIONAL SCHOLARSHIPS 1147 11723199 TUITION DISCOUNTS 201 1113886 PART I, LINE 2: SELECTION OF STUDENTS IS BASED ON ESTABLISHED CRITERIA OF EACH SCHOLARSHIP FUND AND STUDENTS ARE AWARDED SCHOLARSHIPS ON ACCOUNT THROUGH FINANCIAL AID. X 1 1 0 0 0 0 0 0 0 0 0 SCOTT ZEMAN VP OF ACADEMIC AFFAIRS 154714 0 0 0 0 0 3200 0 7892 0 165806 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES COLLEGE-OWNED HOUSING FOR ANDREA LEE, THE PRESIDENT OF THE COLLEGE. PART I, LINE 1B PROPERTY WAS PURCHASED 5/31/17. A WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 2014-08-08 26772390 NEW CONSTRUCTION/REFUND 1997 ISSUE 0 0 0 A 15748738 26772390 224062 17948328 8600000 2015 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 GARY GRUNAU SUBSTANTIAL CONTRIBUTOR 145945 PLUMBING SERVICES 0 RICHARD PIEPER SUBSTANTIAL CONTRIBUTOR 23923 ELECTRICAL SERVICES 0 DONALD W LAYDEN JR BOARD MEMBER & OPERATING PARTNER AT BAIRD CAPITAL 96327 INVESTMENT SERVICES 0 DONALD W LAYDEN JR BOARD MEMBER & OF COUNSEL AT QUARLES AND BRADY 50381 LEGAL SERVICES 0 X 11 1461638 FAIR MARKET VALUE X SPECTROMETER 1 12000 FAIR MARKET VALUE X ADVERTISING 1 1000 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THIS CORPORATION IS OWNED AND OPERATED AS A SUBSIDIARY OF THE SCHOOL SISTERS OF ST. FRANCIS OF ST. JOSEPH'S CONVENT, MILWAUKEE, WISCONSIN, INC., A RELIGIOUS COMMUNITY OF THE ROMAN CATHOLIC CHURCH, BY VIRTUE OF THE CORPORATION HAVING BEEN ORGANIZED, GOVERNED, AND OPERATED BY SUCH RELIGIOUS COMMUNITY AND MEMBERS OF SUCH RELIGIOUS COMMUNITY COMPOSING THE CORPORATE MEMBERSHIP OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION SHALL HAVE MEMBERS OF NO FEWER THAN THREE (3) IN NUMBER OR MORE THAN SIX (6) IN NUMBER. THEY SHALL BE THE PROVINCIAL TEAM AND TREASURER OF THE SCHOOL SISTERS OF ST. FRANCIS, UNITED STATES PROVINCE. THE BOARD OF TRUSTEES SHALL CONSIST OF NOT LESS THAN FIFTEEN (15) NOR MORE THAN FORTY (40) TRUSTEES AS DETERMINED FROM TIME TO TIME BY THE BOARD OF TRUSTEES WITH THE APPROVAL OF THE CORPORATE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B SEE BYLAWS. THE CORPORATE MEMBERS SHALL HAVE THE FOLLOWING POWERS AND DUTIES: A) TO ADOPT OR CHANGE THE MISSION AND TO SAFEGUARD THE PURPOSES OF THE CORPORATION, TO ANNUALLY MEET WITH THE BOARD OF TRUSTEES AND REVIEW THE FUNCTIONS OF THE BOARD OF TRUSTEES AND THE OPERATIONS OF THE CORPORATION IN ACCORD WITH THE SCHOOL SISTERS OF ST. FRANCIS PHILOSOPHY, VALUES AND HERITAGE. B) TO APPOINT SIX (6) TRUSTEES TO THE BOARD FOR TERMS OF THREE (3) YEARS. C) TO APPOINT A SCHOOL SISTER OF ST. FRANCIS TO THE COMMITTEE FOR THE SELECTION OF THE PRESIDENT OF THE COLLEGE, AND TO APPROVE THE SLATE OF NOMINEES FOR THE POSITION OF PRESIDENT OF THE COLLEGE. D) TO APPROVE ANY AMENDMENTS, RESTATEMENTS OR MODIFICATIONS OF THE ARTICLES OF INCORPORATION AND THE BYLAWS OF THE COPORATION. E) TO APPROVE THE CORPORATION'S ESTABLISHMENT OF ANOTHER CORPORATION, ENDOWMENT, FOUNDATION, OR TRUST, AND TO APPROVE SUCH ORGANIZATION'S ARTICLES AND BYLAWS. F)TO APPROVE ANY CONTRACT UNDERTAKEN WITH A MANAGEMENT FIRM FOR GENERAL ADMINISTRATION SERVICES OR FULL OPERATION OF THE CORPORATION. G) TO ESTABLISH THE GUIDELINES AND TO ANNUALLY APPROVE THE OPERATING AND CAPITAL BUDGETS OF THE CORPORATION. H) TO APPROVE THE AUDITING FIRM FOR THE CORPORATION AND ANY OF ITS AFFILIATED ENTITIES, AND TO ACCEPT THE AUDIT REPORT. I) TO APPROVE THE PURCHASE, SALE, LEASE, TRANSFER, OR MORTGAGE OF ANY REAL PROPERTY OF THE CORPORATION. J) TO APPROVE ALL DEBT OBLIGATIONS OF THE CORPORATION IN EXCESS OF A THRESHOLD ESTABLISHED FROM TIME TO TIME BY THE CORPORATE MEMBERS. K) TO APPROVE ALL MAJOR FUND DRIVES L) TO APPROVE THE MERGER, CONSOLIDATION, OR DISSOLUTION OF THE CORPORATION AND TO APPROVE THE PLAN FOR SUCH DISPOSITION AS PROPOSED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 GOES TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL AND THEN IT GETS FINAL REVIEW OF THE RETURN EXCLUDING SCHEDULE B AND APPROVAL FROM THE BOARD OF TRUSTEES BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ON AN ANNUAL BASIS AND REVIEWED BY BOTH THE AUDIT COMMITTEE AND BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT COMPENSATION PROCESS: THE TRUSTEES USE THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES ANNUAL EXECUTIVE COMPENSATION REPORT AS THE PRIMARY TOOL IN DETERMINING COMPENSATION. PERFORMANCE IS EVALUATED ON AN ANNUAL, WRITTEN BASIS, AND THE SALARY IS COMMENSURATE WITH LENGTH OF TENURE AND LEVEL OF PERFORMANCE AS MEASURED AGAINST ESTABLISHED GOALS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. SCHOOL SISTERS OF ST FRANCIS US PROVINCE 1515 SOUTH MILWAUKEE WI 53215 390806266 RELIGIOUS ORGANIZATION WI 501(C)(3) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHOOL SISTERS OF ST FRANCIS R 267402 PAID CHECKS