Alverno College
- Assets
- $105.0m
- Revenue
- $50.2m
- Investments
- $7.8m
- Employees
- 931
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 39-0806263
Organization Overview
Alverno College is located in Milwaukee, WI. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Alverno College employed 931 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alverno College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Alverno College generated $50.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $53.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALVERNO OFFERS UNDERGRADUATE PROGRAMS FOR WOMEN, AND ADULT AND GRADUATE PROGRAMS FOR WOMEN & MEN.
Describe the Organization's Program Activity:
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail J Nash Board Member | Trustee | 1 | $0 |
Alan Murphy Board Member | Trustee | 2 | $0 |
Barbara A Kluka Board Member | Trustee | 10 | $0 |
Barbara Wyatt Sibley Board Member (through 10/2021) | Trustee | 1 | $0 |
Bruce Myers Board Member | Trustee | 1 | $0 |
Cecelia I Gore Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synergis Education Llc Online Program Partner | 6/29/22 | $8,156,588 |
Eagle Enterprises Ltd Janitorial | 6/29/22 | $1,043,672 |
Ellucian Company Lp Erp Software/consulting | 6/29/22 | $549,899 |
Elior Inc Food Services | 6/29/22 | $476,927 |
Pieper Electric Electrical Maintenance & Services | 6/29/22 | $504,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,540,451 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,788,607 |
| Noncash contributions included in lines 1a–1f | $91,421 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,329,058 |
| Total Program Service Revenue | $38,757,361 |
| Investment income | $1,788,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $319,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,194,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,198,235 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,025,707 |
| Compensation of current officers, directors, key employees. | $610,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,880,615 |
| Pension plan accruals and contributions | $646,761 |
| Other employee benefits | $3,134,779 |
| Payroll taxes | $1,373,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,084 |
| Fees for services: Accounting | $48,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $97,172 |
| Fees for services: Investment Management | $117,883 |
| Fees for services: Other | $3,085,874 |
| Advertising and promotion | $752,488 |
| Office expenses | $2,593,399 |
| Information technology | $2,248,999 |
| Royalties | $0 |
| Occupancy | $1,916,351 |
| Travel | $227,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $454,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,046,688 |
| Insurance | $0 |
| All other expenses | $25,433 |
| Total functional expenses | $53,907,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,188 |
| Savings and temporary cash investments | $11,386,172 |
| Pledges and grants receivable | $4,657,812 |
| Accounts receivable, net | $2,118,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $869,077 |
| Inventories for sale or use | $120,416 |
| Prepaid expenses and deferred charges | $1,811,219 |
| Net Land, buildings, and equipment | $38,108,995 |
| Investments—publicly traded securities | $36,930,036 |
| Investments—other securities | $7,801,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $945,344 |
| Total assets | $104,950,852 |
| Accounts payable and accrued expenses | $5,429,215 |
| Grants payable | $740,165 |
| Deferred revenue | $3,555,950 |
| Tax-exempt bond liabilities | $8,859,744 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,042,141 |
| Total liabilities | $27,627,215 |
| Net assets without donor restrictions | $45,654,394 |
| Net assets with donor restrictions | $31,669,243 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $104,950,852 |