2019-02-08T14:20:22-06:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2017-07-01 390806263 ALVERNO COLLEGE ALVE 4143826000 PO BOX 343922 MILWAUKEE WI 532343922 ROBIN HANSEN VP OF FINANCE AND ADMIN/CFO 4143826000 2019-01-29 1 TROY E MARINE CPA P00187863 4147775500 2019-01-29 69.11.230.151 2019-01-29 15:29:31 CS P 793A1E00ACF041F16FD41A7A782950CAF62641F6 4F3A2D76CFB891132660CA62ECA341992B86C414 2017 2019-02-21 02:37:17Z ANDREA LEE PO BOX 343922 MILWAUKEE WI 532343922 71928086 0 X WWW.ALVERNO.EDU X 1940 WI ALVERNO COLLEGE OFFERS UNDER- GRADUATE PROGRAMS FOR WOMEN AND GRADUATE PROGRAMS FOR WOMEN & MEN. 28 28 1045 432 0 0 6134621 3522323 46852870 45098410 4541388 1359321 -8222 -12873 57520657 49967181 11279577 12810184 0 0 23696037 23257243 42792 31710 1167648 18153084 16289559 53171490 52388696 4349167 -2421515 103660379 100838834 22470149 20744797 81190230 80094037 X 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. INSPIRED BY ITS CATHOLIC, FRANCISCAN, AND LIBERAL ARTS HERITAGE, THE COLLEGE INTENTIONALLY CREATES AN INCLUSIVE COMMUNITY. 0 0 47921141 12810184 45098410 HIGHER EDUCATION: ALVERNO COLLEGE IS A CATHOLIC, FRANCISCAN COLLEGE IN MILWAUKEE, WIS., FOUNDED IN 1887 BY THE SCHOOL SISTERS OF ST. FRANCIS. THE COLLEGE WAS DESIGNATED A HISPANIC-SERVING INSTITUTION IN 2017, THE FIRST IN WISCONSIN.ALVERNO'S 60-PLUS UNDERGRADUATE PROGRAM AREAS REFLECT MAJORS, MINORS, AND ADULT AND 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; MASTER OF SCIENCE IN COMMUNITY PSYCHOLOGY; MASTER OF SCIENCE IN NURSING; AND DOCTORATE OF NURSING PRACTICE. 47921141 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 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 2735 0 1 1045 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 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 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 BARBARA A KRAEMER BOARD MEMBER 1.00 X 0 0 0 DONALD W LAYDEN JR BOARD MEMBER 1.00 X 0 0 0 JEAN MAIER 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 BARBARA WYATT SIBLEY BOARD MEMBER 1.00 X 0 0 0 ANDREA LEE PRESIDENT 40.00 X 0 0 23913 JAMES K OPPERMAN SVP OF FINANCE 40.00 X 172939 0 22050 KATHERINE LUNDEEN VP OF ENROLLMENT 40.00 X 91937 0 21776 KATHLEEN LAKE ACTING VP OF ACADEMIC AFFAIRS 40.00 X 131146 0 19998 SCOTT ZEMAN VP OF ACADEMIC AFFAIRS 40.00 X 25956 0 2268 JAMES HILBY CHIEF INFORMATION OFFICER 40.00 X 110175 0 6149 532153 0 96154 5 0 1 0 AVIAND'S 1751 COUNTY ROAD B2W 300 ST PAUL MN 55113 FOOD SERVICES 1166814 EAGLE ENTERPRISES LTD 333 N 121ST ST MILWAUKEE WI 53226 JANITORIAL 1038146 DAVID J FRANK LANDSCAPING PO BOX 70 GERMANTOWN WI 53022 LANDSCAPING 574498 LANGER ROOFING & SHEET METAL 345 S CURTIS ROAD MILWAUKEE WI 53214 ROOF REPLACEMENT/REPAIR 357183 JF AHERN CO 3201 W CANAL ST MILWAUKEE WI 53208 HVAC 318002 15 31138 139614 3351571 156679 3522323 TUITION AND FEES 611310 41391828 41391828 AUXILIARY ENTERPRISES 611310 3537545 3537545 OTHER INCOME 611310 169037 169037 45098410 1184133 1184133 22114384 3650 21938390 4456 175994 -806 175188 175188 5186 31138 18059 -12873 -12873 49967181 45098410 0 1346448 12810184 12810184 788151 322808 465343 17669504 16236088 772789 660627 695965 103774 564099 28092 2846048 2740339 13790 91919 1257575 1147172 63590 46813 23518 23518 43950 43950 31710 31710 85652 70812 14840 3468159 3194925 273109 125 881399 867314 14085 2102627 1632795 242070 227762 1883860 1700573 183287 338404 272231 23391 42782 86963 69520 4438 13005 693304 587930 99486 5888 4421440 4421085 355 EQUIPMENT 1662626 1654266 3520 4840 BAD DEBT 509600 1268 508332 GOODS FOR RESALE 88057 88057 52388696 47921141 3299907 1167648 265343 277392 12479560 5254808 4731581 3301296 717502 939958 1646375 1595673 169873 155559 550273 559539 107011953 56673735 52819543 50338218 24392691 34093599 5024637 3531199 863001 791593 103660379 100838834 2015134 2007281 1366144 1385567 2180396 2129037 13423948 11516017 3484527 3706895 22470149 20744797 X 21234005 21354440 41358838 39633447 18597387 19106150 81190230 80094037 103660379 100838834 -2421515 1325322 0 X 0 1 X 1 1 1 X 132407 X X 0 27709006 941095 2511492 1198748 29962845 23854949 2030893 3056358 1233194 27709006 25425125 643188 -989203 1224161 23854949 25317427 615606 504033 1011941 25425125 22260140 630361 3426926 1000000 25317427 0.33000 0.60000 0.07000 0 0 32900 32900 72848846 34916678 37932168 8008586 3717842 4290744 23646715 16257736 7388979 2474906 1781479 693427 50338218 ASSET RETIREMENT OBLIGATION 3373351 ANNUITIES PAYABLE 333544 3706895 X 38439765 1325322 43098 1368420 37071345 85652 12810184 12895836 49967181 39535958 43098 43098 39492860 85652 12810184 12895836 52388696 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, 2018 AND 2017. 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 43,098. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS 12,810,184. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 43,098. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND SCHOLARSHIPS 12,810,184. 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 ALVERNO COLLEGE IS A WOMEN'S COLLEGE AND DOES NOT ACCEPT STUDENTS INTO UNDERGRADUATE DEGREE PROGRAMS WHO ARE NOT FEMALE. IN 1979, 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. X X X X X X X 1 KATHLEEN O'BRIEN 3250 S 43RD ST MILWAUKEE WI 53219 MAJOR GIFT CONSULTING 0 0 15782 -15782 DAVID LAWRENCE 35 MAIN ST NEWCASTLE ME 04553 MAJOR GIFT CONSULTING 0 0 15928 -15928 31710 -31710 AZ DE FL GA ID IN KS KY MO MT ND NE NM NV OH TX WI WY GOLF OUTING 33545 28951 4594 1361 7787 6000 1574 BOWLING 2779 2187 592 50 667 620 36324 31138 5186 1361 7837 6667 2194 18059 -12873 1 INSTITUTIONAL SCHOLARSHIPS 1702 11861805 TUITION DISCOUNTS 181 948379 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 JAMES K OPPERMAN SVP OF FINANCE 172939 0 0 0 0 0 8802 0 13248 0 194989 0 0 0 KATHLEEN LAKE ACTING VP OF ACADEMIC AFFAIRS 131146 0 0 0 0 0 6885 0 13113 0 151144 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 15256373 26772390 224062 17948328 8600000 2015 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 1 A 1 DAVID J FRANK LANDSCAPE SUBSTANTIAL CONTRIBUTOR 574498 LANDSCAPING FEES 0 WAICU SUBSTANTIAL CONTRIBUTOR 201721 MEMBERSHIP DUES/SOFTWARE 0 DONALD W LAYDEN JR BOARD MEMBER & OPERATING PARTNER AT BAIRD CAPITAL 94032 0 DONALD W LAYDEN JR BOARD MEMBER & OF COUNSEL AT QUARLES AND BRADY 23518 LEGAL FEES 0 X 2 900 MARKET VALUE X 15 155779 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 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 380128 PAID CHECKS