2017-12-14T11:09:43-07:00 2017-06-30 990 2016-07-01 390806263 ALVERNO COLLEGE ALVE 4143826000 PO Box 343922 Milwaukee WI 532343922 James Oppermann SVP of Finance 4143826129 2017-12-14 205.213.28.202 2016 2017-02-10 21:41:12Z Andrea Lee 3400 S 43rd St Milwaukee WI 53234 76960570 0 X www.alverno.edu X 1940 WI Educational Institution 30 30 1070 295 0 4014948 6134621 48608290 46852870 1081607 4541388 -5638 -8222 53699207 57520657 11471376 11279577 0 0 25941781 23696037 54459 42792 1521537 18523178 18153084 55990794 53171490 -2291587 4349167 106843580 103660379 28524676 22470149 78318904 81190230 Educational Institution 0 0 48198716 11279577 51394258 Higher Education: Alverno College is an independent, Catholic college offering a liberal arts curriculum leading to a Bachelor of Arts, Bachelor of Science in Nursing, Bachelor of Science in Education, Bachelor of Music, and/or Associate of Arts degree. Graduate programs for both men and women include a Master of Arts in Education, Mater of Business Administration, Master of Science in Community Psychology, and/or Master of Science in Nursing. 0 0 0 48198716 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 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 2886 0 1 1070 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 30 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X James Oppermann 4143826129 3400 S 43rd Street Milwaukee WI 532343922 Abby Andrietsch Board Member 1 X 0 0 0 Charles R Bartels Board Member 1 X 0 0 0 Mary Beth Berkes Board Member 1 X 0 0 0 Ronald L Blake Board Member 1 X 0 0 0 Elaine Burke Board Member 1 X 0 0 0 Jovita Carranza Board Member 1 X 0 0 0 Tina Chang Board Member 1 X 0 0 0 Ricardo Diaz Board Member 1 X 0 0 0 Jacquelyn Fredrick Board Member 1 X 0 0 0 Cecelia I Gore Board Member 1 X 0 0 0 Marianne Hechmann Board Member 1 X 0 0 0 Katherine M Hudson Board Member 1 X 0 0 0 Barbara A Kraemer Board Member 1 X 0 0 0 Donald W Layden Jr Board Member 1 X 0 0 0 Allen L Leverett Board Member 1 X 0 0 0 Jean Maier Board Member 1 X 0 0 0 Jim McKeown Board Member 1 X 0 0 0 Kim Metcalf Kupres Board Member 1 X 0 0 0 Gerda Moehler Board Member 1 X 0 0 0 Abigail J Nash Board Member 1 X 0 0 0 Kristine Obrecht Board Member 1 X 0 0 0 Paul E Purcell Board Member 1 X 0 0 0 Ajita Rajendra Board Member 1 X 0 0 0 Roy Reiman Board Member 1 X 0 0 0 Susan Rosenbach Board Member 1 X 0 0 0 Mary C Schneider Board Member 1 X 0 0 0 Marsha Sehler Board Member 1 X 0 0 0 Barbaralie Stiefermann Board Member 1 X 0 0 0 Therese Thoenen Board Member 1 X 0 0 0 Barbara Wyatt Sibley Board Member 1 X 0 0 0 Andrea Lee President 40 X 0 0 0 James Oppermann SVP of Finance 40 X 163168 0 21819 Katherine Lundeen VP of Enrollment 40 X 91198 0 21835 Kathleen Lake Acting VP of Academic Affairs 40 X 130218 0 19248 Julie Quinlan VP of Advancement 40 X 127512 0 21911 James Hilby Chief Information Officer 40 X 107293 0 7420 Mary Meehan Former President 40 X 241141 0 14719 860530 0 106952 5 1 1 0 Food Services Inc 1801 W Glendale Ave Milwaukee WI 53209 Food services 2399766 Eagle Enterprises LTD 333 N 121st St Milwaukee WI 53226 Janitorial 1038802 David J Frank Landscape PO Box 70 Germantown WI 53022 Landscaping 485120 JF Ahern Co 3201 W Canal St Milwaukee WI 53208 HVAC 353678 Ellucian Company LP 4375 Fair Lakes Ct Fairfax VA 22033 Software 262331 15 0 0 40220 0 116774 5977627 740904 6134621 Tuition and fees 611310 41949573 41949573 0 0 Auxiliary enterprises 611310 4774604 4774604 0 0 Other income 611310 128693 128693 0 0 0 0 0 0 46852870 441033 441033 0 0 0 0 0 0 0 0 0 0 0 0 23510571 7050 19408356 8910 4102215 -1860 4100355 4100355 0 0 14425 40220 22647 -8222 0 -8222 0 57520657 51394258 0 -8222 0 11279577 11279577 891993 240380 511171 140442 17882631 16365342 742771 774518 716495 621029 58760 36706 2925606 2275615 541631 108360 1279312 1149064 65331 64917 4229 4229 29250 29250 42792 42792 112738 93711 19027 4319243 3901411 415824 2008 942406 929619 12787 1924366 1407716 256144 260506 1771932 1590828 180957 147 306700 224535 19045 63120 71230 57348 7156 6726 611580 494983 111933 4664 4431578 4431578 Tuition discounts 1345775 1345775 0 0 Equipment 1684766 1680551 371 3844 Goods for resale 104440 104440 0 0 Bad debt 492851 5214 487637 0 53171490 48198716 3451237 1521537 290608 265343 4893981 12479560 6156762 4731581 838395 717502 0 0 0 0 1689323 1646375 161279 169873 631205 550273 105196403 52376860 55752878 52819543 28445783 24392691 7143081 5024637 840285 863001 106843580 103660379 2358975 2015134 1356206 1366144 2284828 2180396 19204442 13423948 3320225 3484527 28524676 22470149 X 19739041 21234005 41601928 41358838 16977935 18597387 78318904 81190230 106843580 103660379 4349167 -1477841 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 132407 0 0 X X 0 23854949 2030893 3056358 1233194 0 0 27709006 25425125 643188 -989203 1224161 0 0 23854949 25317427 615606 504033 1011941 0 0 25425125 22260140 630361 3426926 1000000 0 0 25317427 19843863 1103681 2312596 1000000 0 0 22260140 0.32 0.62 0.06 0 0 32900 0 32900 72105221 0 32242022 39863199 7709829 0 3433556 4276273 22789887 0 15002772 7787115 2558566 0 1698510 860056 52819543 0 0 Hedge Funds 3467830 F Real Estate Funds 800000 F Private Equity Funds 756807 F 5024637 0 Asset Retirement Obligation 3153983 Annuities Payable 330544 3484527 X 43306586 -1477841 0 0 0 -1477841 44784427 112738 12623492 12736230 57520657 40433400 0 0 0 0 0 40433400 112738 12625352 12738090 53171490 Schedule D, 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 this educational purpose. Schedule D, Part V, Line 4 The intended uses of the College's endowment funds is to provide scholarships (i.e. financial aid) to students and general support to all of the College's programs. Schedule D, Part X, Line 2 There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2017. Schedule D, Part XI, Line 4b Tuition discounts and scholarships of $12,625,352 and loss on sale of assets of $1,860. Schedule D, Part XII, Line 4b Tuition discounts and scholarships. 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 Campbell & Company One E Wacker Dr Suite 2100 Chicago IL 60601 Campaign consulting 0 0 24999 -24999 David Lawrence 35 Main St Newcastle ME 04553 Major gift consulting 0 0 17793 -17793 0 42792 -42792 AZ DE FL GA ID IN KS KY MO MT ND NE NM NV OH TX WI WY Golf outing 54645 40220 14425 0 900 0 9318 8400 4029 0 0 54645 40220 14425 0 900 0 9318 8400 4029 22647 -8222 1 Institutional scholarships 1789 11279577 Selection of students is based on established criteria of each scholarship fund and students are awarded scholarships on account through financial aid. Schedule I, 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 0 1 X X X 0 0 0 0 0 0 0 0 0 Mary Meehan Former President 164939 0 0 0 76202 0 8406 0 6313 0 255860 0 0 0 James Oppermann SVP of Finance 163168 0 0 0 0 0 8696 0 13123 0 184987 0 0 0 Schedule J, Part I, Line 1a The College provides college-owned housing for Andrea Lee, the President of the College. Schedule J, Part I, Line 1b Property was purchased 5/31/17 and policy is still in process. A Wisconsin Health & Educational Facilities Authority 391337855 2014-08-08 26772390 New Construction/Refund 1997 Issue 0 0 0 A 13348442 0 26772390 0 0 0 224062 0 0 17948328 8600000 0 2015 1 0 1 1 A 0 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 485120 Landscaping fees 0 WAICU Substantial contributer 169887 Membership dues/Software 0 X 6400 Donor Valued X 19 365504 Market Price X 1 369000 Appraisal 1 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 Corporation. 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 15 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 Layton Blvd 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 US Province r 417159