2012-12-17T16:32:22-07:00 2012-06-30 990 2011-07-01 390806263 ALVERNO COLLEGE ALVE 4143826000 PO Box 343922 Milwaukee WI 532343922 James Oppermann 4143826129 2012-12-17 2011 2016-02-24 21:20:13Z Mary Meehan 3400 S 43rd St Milwaukee WI 532343922 63450854 0 X www.alverno.edu X 1940 WI Educational Institution 35 35 1216 289 0 0 5367759 10001081 51037957 50279751 714980 341536 27588 5074 57148284 60627442 10781443 11009157 0 0 27786619 27821288 190090 105551 1359871 17142376 15597607 55900528 54533603 1247756 6093839 73330358 79520396 17544166 18060966 55786192 61459430 Educational Institution 0 0 48592137 11009157 50621287 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 48592137 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 3645 0 1 1216 1 0 0 0 0 0 0 X 35 35 1 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 1 X 0 0 0 Charles R Bartels 1 X 0 0 0 Mary Beth Berkes 1 X 0 0 0 Louise K Bernier 1 X 0 0 0 Ronald L Blake 1 X 0 0 0 Peter W Bruce 1 X 0 0 0 Elaine Burke 1 X 0 0 0 Tina Chang 1 X 0 0 0 Ricardo Diaz 1 X 0 0 0 Susan Dragisic 1 X 0 0 0 Judith A Drinka 1 X 0 0 0 Jacquelyn Fredrick 1 X 0 0 0 Cecelia I Gore 1 X 0 0 0 Toni Anne Gradisnik 1 X 0 0 0 Gary P Grunau 1 X 0 0 0 Marianne Hechmann 1 X 0 0 0 Samuel N Hope III 1 X 0 0 0 Katherine M Hudson 1 X 0 0 0 Howard Jacob 1 X 0 0 0 Kathleen Lawler 1 X 0 0 0 Donald W Layden Jr 1 X 0 0 0 Andrea Lee 1 X 0 0 0 Allen L Leverett 1 X 0 0 0 Stephen R Lundeen 1 X 0 0 0 Jean Maier 1 X 0 0 0 Janet D Martin 1 X 0 0 0 Marc McSweeney 1 X 0 0 0 Regina Pacis Meservey 1 X 0 0 0 Abigail J Nash 1 X 0 0 0 Kristine Obrecht 1 X 0 0 0 Paul E Purcell 1 X 0 0 0 Roy Reiman 1 X 0 0 0 Marsha Sehler 1 X 0 0 0 Barbaralie Stiefermann 1 X 0 0 0 Barbara J Wyatt Sibley 1 X 0 0 0 Mary Meehan 40 X 284172 0 31834 James Oppermann 40 X 143863 0 27478 Kathleen O'Brien 40 X 115820 0 18904 Julie Quinlan 40 X 113269 0 16293 Susan Smith 40 X 113823 0 16455 Mary Diez 40 X 108622 0 14209 Patricia Schroeder 40 X 106973 0 12578 James Hilby 40 X 96561 0 15225 Marcia Mentkowski 40 X 95388 0 15147 Timothy Riordan 40 X 92710 0 14273 1271201 0 182396 7 0 1 0 Food Services Inc 1801 W Glendale Ave Milwaukee WI 53209 Food services 1794867 Sodexo Inc 4880 Paysphere Circle Chicago IL 60674 Janitorial 823440 We Energies 231 W Michigan St Milwaukee WI 53201 Utilities 604550 David Frank Landscape N120W21350 Freistadt Rd Germantown WI 53022 Landscaping 427447 JP Cullen & Sons Inc 13040 W Libson Rd Brookfield WI 53005 Construction 402640 25 0 0 45569 0 818019 9137493 17593 10001081 Tuition and fees 611310 45222978 45222978 0 0 Auxiliary enterprises 611310 4946666 4946666 0 0 Other income 611310 110107 110107 0 0 0 0 0 0 50279751 324316 324316 0 0 0 0 0 0 0 0 0 0 0 0 2796308 24575 2729858 73805 66450 -49230 17220 17220 0 0 24823 45569 19749 5074 0 5074 0 60627442 50621287 0 5074 0 11009157 11009157 1285979 925845 252782 107352 20588986 18074489 1855434 659063 1071734 907967 124678 39089 3362827 2362548 865686 134593 1511762 1313096 144565 54101 12873 12873 37450 37450 105551 105551 131426 118505 12921 3313525 3152305 160770 450 1202551 1194079 -933 9405 1948728 1627115 135321 186292 1720810 1559905 160550 355 334423 305163 5518 23742 93012 74476 16652 1884 371157 287249 79145 4763 2833618 2833618 Tuition discounts 1292248 1292248 0 0 Equipment 1163552 809744 320577 33231 Goods for resale 744560 744560 0 0 Bad debt 397674 68 397606 0 54533603 48592137 4581595 1359871 151294 281831 11902982 3333055 4049921 8815293 420450 473462 0 0 0 0 1568866 1561548 428523 459551 353134 380762 73605313 41953616 32225133 31651697 16202556 26689626 5308027 5116918 719472 756653 73330358 79520396 2302537 2560141 1212151 1277938 2463148 2457115 8600000 8600000 2966330 3165772 17544166 18060966 X 18647272 18199080 22243458 28196533 14895462 15063817 55786192 61459430 73330358 79520396 X 6093839 -420601 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 120407 0 0 X X 0 20911042 205787 -272966 1000000 0 0 19843863 17442811 943544 3582993 1058306 0 0 20911042 16699740 384694 1689343 1330966 0 0 17442811 25919429 172482 -7899679 1492492 0 0 16699740 0.36 0.64 0 0 0 32900 0 32900 44627628 0 23731080 20896548 6284683 0 2231305 4053378 20425442 0 14742124 5683318 2234660 0 1249107 985553 31651697 Hedge funds 3781659 F Private equity funds 346723 F Real estate funds 988536 F 5116918 0 Asset retirement obligation 3013661 Annuities payable 152111 3165772 60627442 54533603 6093839 -420601 50862 131426 0 0 -238313 5855526 47874102 -420601 50862 0 0 -369739 48243841 131426 12252175 12383601 60627442 42151634 50862 0 0 0 50862 42100772 131426 12301405 12432831 54533603 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The art collection donation to the College is 46 paintings from two Wisconsin artists. Alverno 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. SchD_P05_S00_L04 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. SchD_P10_S00_L02 Schedule D, Part X, Line 2 There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2012. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Tuition discounts and scholarships $12,301,405 and loss on sale of assets $49,230 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Tuition discounts and scholarships 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SchE_P01_S00_L03 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. SchE_P01_S00_L06 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 Ste 3350 Chicago IL 60601 Campaign consultant 0 0 64387 -64387 NPO Direct Marketing Inc 14150 Park E Cir Ste 280 Chantilly VA 20151 Mail solicitation 0 47532 8628 38904 Blackbaud PO Box 930256 Atlanta GA 311930256 Wealth analysis 0 0 15056 -15056 JCCI Resource Development Service 5410 Edson Ln Ste 210B Rockville MD 20852 Grant application 0 0 14000 -14000 47532 102071 -54539 AZ DE FL GA ID IN KS KY MA MD MO MT ND NE NM NV NY OH TX WI WY Golf outing 70392 45569 24823 0 1576 0 7107 8500 2566 0 0 70392 45569 24823 0 1576 0 7107 8500 2566 19749 5074 1 Institutional scholarships 2396 11009157 SchI_P01_S00_L02 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 X X 0 0 0 0 0 0 0 0 0 Mary Meehan 284172 0 0 0 0 0 17150 0 14684 0 316006 0 0 0 James Oppermann 143863 0 0 0 0 0 10639 0 16839 0 171341 0 0 0 Marcia Mentkowski Computer loan X 1000 650 0 0 1 650 Katherine Lundeen Daughter of trustee 35371 Compensation 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Board of Directors Gary Grunau and Susan Dragisic have a family relationship. F990_P06_S0A_L06 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. F990_P06_S0A_L07a 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. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b 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. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 goes to the Audit Committee and Executive Committee for review and approval and then it gets final review and approval for the Board of Trustees before being filed with the IRS. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 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. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Available upon request F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized loss 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 1 0 School Sisters of St Francis US Province q 373700