2011-02-15T14:12:21-06:00 2010-06-30 REINSEL KUNTZ LESHER LLP 1330 BROADCASTING ROAD PO BOX 7008 WYOMISSING PA 196106008 990 2009-07-01 231522643 ALVERNIA UNIVERSITY ALVE 6107968298 400 SAINT BERNARDINE STREET READING PA 19607 DOUGLAS SMITH 6107968298 2011-02-15 1 LARRY S SHAUB 6103761595 2009 2016-02-24 21:20:13Z DOUGLAS SMITH 400 SAINT BERNARDINE STREET READING PA 19607 72103267 0 0928 X www.alvernia.edu X 1958 PA GUIDED BY FRANCISCAN VALUES AND THE IDEAL OF "KNOWLEDGE JOINED WITH LOVE," AND ROOTED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS, ALVERNIA IS A RIGOROUS, CARING, AND INCLUSIVE LEARNING COMMUNITY COMMITTED TO ADACEMIC EXCELLENCE AND TO BEING AND FOSTERING: BROADLY EDUCATED, LIFE-LONG LEARNERS; REFLECTIVE PROFESSIONALS AND ENGAGED CITIZENS; AND ETHICAL LEADERS WITH MORAL COURAGE. 40 39 1145 300 -176763 -176763 4303106 3258793 49437308 52776759 -302026 136850 726 -183114 53439114 55989288 10175547 10701145 0 23337947 23670281 0 1296919 17379690 17449108 50893184 51820534 2545930 4168754 86712265 93699097 51939599 53945413 34772666 39753684 GUIDED BY FRANCISCAN VALUES AND THE IDEAL OF "KNOWLEDGE JOINED WITH LOVE," AND ROOTED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS, ALVERNIA IS A RIGOROUS, CARING, AND INCLUSIVE LEARNING COMMUNITY COMMITTED TO ADACEMIC EXCELLENCE AND TO BEING AND FOSTERING: BROADLY EDUCATED, LIFE-LONG LEARNERS; REFLECTIVE PROFESSIONALS AND ENGAGED CITIZENS; AND ETHICAL LEADERS WITH MORAL COURAGE. 0 0 42013464 10701145 52822949 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 40% OF THE FULL-TIME UNDERGRADUATE STUDENTS COME FROM BERKS COUNTY, PA, 50% FROM OTHER PENNSYLVANIA AREAS, AND 10% FROM OTHER STATES AND COUNTRIES. 42013464 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 1 49 0 1145 1 1 1 0 0 0 0 1 1 0 0 0 40 39 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X DOUGLAS F SMITH 6107965600 400 SAINT BERNArDINE STREET READING PA 19607 KATHLEEN HERBEIN 1.00 X X 0 0 0 ALFRED J WEBER 1.00 X X 0 0 0 SISTER DANIELLE MARIE KU 1.00 X X 0 0 0 JAMES S BOSCOV 1.00 X 0 0 0 RICHARD A PURCELL 1.00 X 0 0 0 CARL G ANDERSON JR 1.00 X 0 0 0 JONATHAN ENCARNACION 1.00 X 0 0 0 REV THOMAS F GLEESON 1.00 X 0 0 0 SISTER MADONNA MARIE HAR 1.00 X 0 0 0 SISTER MARY MARGARET JAC 1.00 X 0 0 0 JOANNE M JUDGE ESQ 1.00 X 0 0 0 STEVEN S KEISER 1.00 X 0 0 0 ROBERT J MCCORMACK 1.00 X 0 0 0 SISTER ROBERTA AGNES MCK 1.00 X 0 0 0 THE HONORABLE MICHAEL O' 1.00 X 0 0 0 WILLIAM F SCHOLLINS 1.00 X 0 0 0 KEVIN F STCYR 1.00 X 0 0 0 JAMES C SWEENEY 1.00 X 0 0 0 LAWRENCE M THOMPSON JR 1.00 X 0 0 0 SUNIL Y WIDGE PHD 1.00 X 0 0 0 SISTER SHAUN KATHLEEN WI 1.00 X 0 0 0 CATHERINE D WRIGHT 1.00 X 0 0 0 FRANCES AITKEN CPA 1.00 X 0 0 0 MICHELLE DAVIS 1.00 X 0 0 0 MICHAEL FROMM 1.00 X 0 0 0 CAROL HINDS PHD 1.00 X 0 0 0 KATHLEEN KLEPPINGER 1.00 X 0 0 0 THOMAS W MARTELL 1.00 X 0 0 0 DEANNA REUBEN 1.00 X 0 0 0 JOHN D WANNER 1.00 X 0 0 0 SISTER MARGARET CARNEY 1.00 X 0 0 0 KEVIN GEORGETTI ESQ 1.00 X 0 0 0 GERALD A NAU 1.00 X 0 0 0 DON SCHALK 1.00 X 0 0 0 JUDITH SCHWANK 1.00 X 0 0 0 CARL STAPLES 1.00 X 0 0 0 WILLIAM H COMBS III 1.00 X 0 0 0 MOST REV JOHN O BARRES 1.00 X 0 0 0 STEVE ELMARZOUKY 1.00 X 0 0 0 MICHAEL A MULLEN 1.00 X 0 0 0 THOMAS F FLYNN PHD 37.50 X 256939 0 49315 thoMAS F FLYNN PHD 37.50 X 30680 0 0 thomAS F FLYNN PHD 37.50 X 51939 0 0 SHIRLEY J WILLIAMS PHD 37.50 X 143649 0 25229 MICHAEL PRESSIMONE 37.50 X 156124 0 41341 DOUGLAS F SMITH 37.50 X 146048 0 51287 JOHN MCCLOSKEY 37.50 X 103382 0 21880 888761 0 189052 5 0 1 0 ASSOCIATE CONSTRUCTION 1003 MORGANTOWN ROAD SHILLINGTON PA 196079519 CONSTRUCTION 8041161 AETNA PO BOX 88860 CHICAGO IL 606951860 HEALTH INSURANCE 4495485 ALADDIN PO BOX 17506 BALTIMORE MD 212971506 FOOD SERVICE VENDOR 4025488 BURKEY CONSTRUCTION 506 MORGANTOWN ROAD READING PA 19611 CONSTRUCTION 2998963 NATIONAL PENN BANK PO BOX 212 READING PA 19603 BANKING SERVICES, LOAN 1897659 60 27313 806217 2425263 1545092 3258793 TUITION AND FEES 611710 46267895 46267895 AUXILIARY ENTERPRISES 611710 6508864 6508864 52776759 429555 429555 56908 207502 -150594 -150594 -150594 15424673 15717378 -292705 -292705 -292705 27990 27313 34341 -6351 -6351 128589 154758 -26169 -26169 55989288 52776759 -176763 130499 10701145 10701145 1064807 1064807 16803730 13560683 2642448 600599 1307930 1053046 208514 46370 4493814 3526168 801188 166458 159838 159838 71327 71327 120000 120000 97491 97491 368573 260899 57786 49888 1415492 1092344 266773 56375 386406 187223 199183 2175979 1673474 480375 22130 849344 108170 740318 856 171612 155838 14761 1013 1810306 1671279 117138 21889 3085055 2854982 193849 36224 224279 209376 12557 2346 CONTRACTED SERVICES 3450917 2363502 1066078 21337 bAD DEBTS 817024 261781 555243 MISCELLANEOUS EXPENSE 509219 231509 207391 70319 equipment and equipment 391228 364956 22882 3390 cATERING 305797 172716 122706 10375 1039221 499566 352305 187350 51820534 42013464 8510151 1296919 885163 589058 4194640 2967552 1592945 1653293 714962 696032 262500 242509 101678612 28849456 65688963 72829156 11014955 11717265 1937125 2630405 421012 373827 86712265 93699097 7985629 3610768 42166715 44048469 3471905 939274 1787255 1874997 51939599 53945413 X 25450324 30243587 3158679 2732154 6163663 6777943 34772666 39753684 86712265 93699097 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 120000 120000 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: ALVERNIA WORKS WITH AN ORGANIZATION THAT HELPS THE UNIVERSITY TO OBTAIN EARMARKS THROUGH THE FEDERATION APPROPRIATIONS PROCESS. THIS ORGANIZATION ALSO HAS A GRANT DEPARTMENT THAT WORKS WITH ALVERNIA UNIVERSITY TO SEARCH FOR FUNDING SOURCES FROM PRIVATE FOUNDATIONS AND GOVERNMENT AGENCIES. 12952472 887655 957548 186750 8292 97491 14505142 14428519 1122759 -1798098 233381 475000 92327 12952472 0.62020 0.36940 0.01040 0 0 4015986 4015986 83272215 20083879 63188336 12922460 8765577 4156883 1467951 1467951 72829156 AGENCY FUNDS 740956 FEDERAL LOAN PROGRAM ADVANCES 486672 STUDENT DEPOSITS 647369 1874997 55989288 51820534 4168754 812264 812264 4981018 46498223 812264 3500 394316 1210080 45288143 10701145 10701145 55989288 41517205 3500 394316 397816 41119389 10701145 10701145 51820534 Part V, Line 4: Description of Intended Use of Endowment Funds: ALVERNIA UNIVERSITY'S ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND CAPITAL PURCHASES INCLUDING TECHNOLOGY AND DEFERRED MAINTENANCE. Part X: Description of Uncertain Tax Positions Under FIN 48: As a not-for-profit organization, the University is generally exempt from federal and state income taxes. The University is subject to federal and state income taxes on unrelated business income. The University recognizes penalties and interest accrued related to income tax liabilities in the provision (benefit) for income taxes in its statements of penalties and interest. For the years ended June 30, 2010 and 2009, there were no accruals for the payment of penalties and interest. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The University files tax returns in the U. S. Federal jurisdiction. The University's income tax returns are not subject to examination through the year ended June 30, 2006. Part XII, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSE: 154757. FUNDRAISING EVENTS EXPENSE: 34341. unrelated debt financed rental expenses: 205218. Part XII, Line 4b - Other Adjustments: STUDENT FINANCIAL AID: 10701145. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSE: 154757. FUNDRAISING EVENTS EXPENSE: 34341. unrelated debt financed rental expenses: 205218. Part XIII, Line 4b - Other Adjustments: STUDENT FINANCIAL AID: 10701145. 1 1 1 THE UNIVERSITY'S POLICY OF NON DISCRIMINATION IS INCLUDED IN ITS "UNIVERSITY CATALOG," FINANCIAL AID LITERATURE, BROCHURES, AND GENERAL ADVERTISING 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY RECEIVES AN INSTITUTIONAL ASSISTANCE GRANT FROM THE STATE OF PENNSYLVANIA. IT ALSO RECEIVES FUNDS FROM THE FEDERAL DEPARTMENT OF EDUCATION UNDER STUDENT FINANCIAL AID PROGRAMS. 1 SCHLAGER GOLF OUTING 41190 24340 16850 16717 3451 BASKETBALL GOLF OUTING 14113 2973 11140 2129 3283 1361 7399 55303 27313 27990 2129 20000 1361 10850 34340 -6350 1 INSTITUTIONAL DISCOUNTS 262 827766 FAIR MARKET VALUE INSTITUTIONAL SCHOLARSHIPS 1464 9686629 FAIR MARKET VALUE ENDOWED SCHOLARSHIPS 263 186750 FAIR MARKET VALUE Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: INSTITUTIONAL SCHOLARSHIPS AND DISCOUNTS BY THE FINANCIAL AID OFFICE ARE RECONCILED BY THE ACCOUNTING DEPARTMENT TO VERIFY THE APPROPRIATE AMOUNT WAS CREDITED TO THE CORRECT STUDENT'S ACCOUNT EVERY SEMESTER. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 THOMAS F FLYNN PHD (base comp) 256939 0 0 0 0 0 29898 0 19417 0 306254 0 0 0 thoMAS F FLYNN PHD (bonus) 0 0 30680 0 0 0 0 0 0 0 30680 0 0 0 thomAS F FLYNN PHD (housing) 0 0 0 0 51939 0 0 0 0 0 51939 0 0 0 SHIRLEY J WILLIAMS PHD 143649 0 0 0 0 0 15046 0 10183 0 168878 0 0 0 MICHAEL PRESSIMONE 156124 0 0 0 0 0 16095 0 25246 0 197465 0 0 0 DOUGLAS F SMITH 146048 0 0 0 0 0 15441 0 35846 0 197335 0 0 0 Part I, Line 1a ALL PAYMENTS EXCEPT HOUSING ALLOWANCE REQUIRE DOCUMENTATION (IE. INVOICE) FOR PAYMENT. 2008 REVENUE NOTE SOUTH HEIDELBERG 364597945 NONEAVAIL 2008-12-23 10000000 CONSTRUCTION & CAPITAL RENOVATION 0 0 2007 REVENUE NOTE SOUTH HEIDELBERG 364597945 NONEAVAIL 2007-12-20 10000000 CONSTRUCTION & CAPITAL RENOVATION 0 0 2006 A&B REVENUE NOTE REDEVELOPMENT AUTHORITY 231719387 NONEAVAIL 2006-05-17 8000000 CONSTRUCTION & CAPITAL RENOVATION 0 0 2004 AB & C REVENUE NOTE ROBESON TOWNSHIP 236844459 NONEAVAIL 2004-04-22 13645000 CONSTRUCTION & CAPITAL RENOVATION 0 0 10000000 1955000 88206 7956794 2011 0 0 0 1 10000000 76574 9923426 2009 0 0 1 1 8000000 75000 7925000 2009 0 0 1 1 10000000 83101 7686320 2005 0 1 1 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 BERNArDINE SISTERS PRIMARY SPONSOR AND FOUNDERS 402654 THIRD FRANCISCAN ORDER SISTERS ON THE BOARD OF DIRECTORS ARE MEMBERS OF THE THIRD FRANCISCAN ORDER 402654 ALVERNIA UNIVERSITY WAS FOUNDED BY THE THIRD FRANCISCAN ORDER OF SAINT FRANCIS OF READING, SISTERS ARE COMPENSATED BY THE UNIVERSITY FOR INSTRUCTIONAL AND ADMINISTRATIVE SERVICES. 0 X 21410 fmv X 4 13059 fmv X 1 1500000 FMV X MISCELLANEOUS SMALL GIFTS 49 10623 FMV 1 0 0 1 Third Party Use: Part I, Line 32b: CONNORS INVESTOR SERVICES IS AN INVESTMENT ADVISOR FOR NON-CASH stock CONTRIBUTIONS RECEIVED. Form 990, Part VI, Section A, line 3 THE UNIVERSITY OUTSOURCES ALL HUMAN RESOURCES FUNCTIONS. Form 990, Part VI, Section B, line 11 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 ANSWERED, AND A VOTE TO APPROVE IS CAST. ONCE THE AUDIT COMMITTEE HAS APPROVED THE RETURN, THE FULL BOARD IS GIVEN ACCESS TO A SECURED FILE. Form 990, Part VI, Section B, line 12c ANNUALLY THE BOARD OF TRUSTEES IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. 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 DATA BASES 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 RECOMMENDATION TO THE BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD OF TRUSTEES IN EXECUTIVE SESSION ANNUALLY. THE UNIVERSITY ALSO USES THE SAME CONSULTING FIRM TO REVIEW VICE PRESIDENT'S COMPENSATION. SIMILAR COMPARISONS ARE MADE TO SURVEYS AND PEER GROUPS AS DISCUSSED ABOVE. RECOMMENDATIONS ARE THEN MADE TO THE PRESIDENT. VICE PRESIDENT'S SALARIES ARE THEN ALSO REVIEWED BY THE BOARD OF TRUSTEES. Form 990, Part VI, Section C, line 19 THE UNIVERSITY PROVIDES THE ABOVE DOCUMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE ORGANIZATION'S PROCESS FOR APPROVING FINANCIAL STATEMENTS HAS NOT CHANGED FROM PRIOR YEARS. BERNARDINE SISTERS OF THE THIRD ORDER OF SAINT FRANCIS 460 ST BERNARDINE STREET READING PA 19607 231691743 RELIGIOUS ORDER PA 501(c)(3) Line 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0