Alverno College
- Assets
- $116.3m
- Revenue
- $57.2m
- Investments
- $4.9m
- Employees
- 910
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 06/2021
- 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 06/2021, Alverno College employed 910 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 06/2021, Alverno College generated $57.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $52.7m during the year ending 06/2021. 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea T Petrie VP Of Advancement | Officer | 40 | $130,121 |
Jill Desmond Ford Vice President & Chief Of Staff | Officer | 40 | $119,564 |
Patricia A Luebke Dean, School Of Prof. Studies(thru 12/31/2020) | 40 | $113,316 | |
Joseph Foy VP Of Academic Affairs (start 2/13/20) | Officer | 40 | $107,046 |
Kevin M Casey Dean, School Of Arts & Sciences | 40 | $103,553 | |
Katherine Lundeen VP Of Enrollment | Officer | 40 | $102,945 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David J Frank Landscaping Landscaping | 6/29/21 | $521,777 |
Synergis Education Llc Online Program Partner | 6/29/21 | $2,823,450 |
Elior Inc Food Services | 6/29/21 | $485,817 |
Ellucian Company Lp Erp Software/consulting' | 6/29/21 | $328,214 |
Eagle Enterprises Ltd Janitorial | 6/29/21 | $1,028,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,090,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,980,729 |
| Noncash contributions included in lines 1a–1f | $376,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,071,654 |
| Total Program Service Revenue | $42,839,853 |
| Investment income | $982,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,303,717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,198,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,187,913 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,049,845 |
| Compensation of current officers, directors, key employees. | $590,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,594,581 |
| Pension plan accruals and contributions | $671,816 |
| Other employee benefits | $3,028,184 |
| Payroll taxes | $1,354,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,851 |
| Fees for services: Accounting | $41,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $102,516 |
| Fees for services: Investment Management | $96,797 |
| Fees for services: Other | $2,513,407 |
| Advertising and promotion | $886,878 |
| Office expenses | $2,513,932 |
| Information technology | $1,956,584 |
| Royalties | $0 |
| Occupancy | $1,733,509 |
| Travel | $85,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $383,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,129,773 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $52,681,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,521 |
| Savings and temporary cash investments | $12,753,076 |
| Pledges and grants receivable | $5,583,308 |
| Accounts receivable, net | $2,668,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,009,533 |
| Inventories for sale or use | $87,171 |
| Prepaid expenses and deferred charges | $1,583,969 |
| Net Land, buildings, and equipment | $40,407,362 |
| Investments—publicly traded securities | $45,951,885 |
| Investments—other securities | $4,923,415 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $884,799 |
| Total assets | $116,321,822 |
| Accounts payable and accrued expenses | $3,969,522 |
| Grants payable | $967,317 |
| Deferred revenue | $3,496,499 |
| Tax-exempt bond liabilities | $14,575,922 |
| 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 | $4,387,490 |
| Total liabilities | $27,396,750 |
| Net assets without donor restrictions | $52,558,849 |
| Net assets with donor restrictions | $36,366,223 |
| 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 | $116,321,822 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alverno College has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Audrey Jane Pavlik Charitable Tr Wauwatosa, WI PURPOSE: SUPPORT TO THE SCHOOL | $10,000 |
Endowment Analysis
| Beg. Balance | $31,516,800 |
| Earnings | $9,815,012 |
| Net Contributions | $1,674,876 |
| Grants | $1,390,930 |
| Ending Balance | $41,615,758 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |