2017-02-02T16:03:38-06:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2015-07-01 231522643 ALVERNIA UNIVERSITY ALVE 6107965600 400 ST BERNARDINE STREET READING PA 19607 DOUGLAS F SMITH VICE PRESIDENT - FINANCE & ADMIN 6107965600 2017-02-01 1 JULIUS C GREEN CPA P00350393 2159720701 2015 2021-01-29 14:40:06Z DOUGLAS F SMITH 400 ST BERNARDINE STREET READING PA 19607 80731467 0 0928 X WWW.ALVERNIA.EDU X 1958 PA A FAST GROWING FRANCISCAN UNIVERSITY GROUNDED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS. 42 39 1403 41 76744 -158389 1822968 4534577 70153189 73088656 451066 684492 955083 834122 73382306 79141847 17379485 18961218 0 0 30353813 31974209 0 0 1208730 24106750 24019669 71840048 74955096 1542258 4186751 131678936 137335508 72477318 74695002 59201618 62640506 X ALVERNIA IS A FAST GROWING FRANCISCAN UNIVERSITY, GROUNDED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS, THAT COMBINES DIVERSE ACADEMIC OPPORTUNITIES WITH PERSONAL ATTENTION AND AN UNMATCHED COMMITMENT TO COMMUNITY SERVICE. SITUATED ON A SCENIC 121-ACRE SUBURBAN CAMPUS IN HISTORIC BERKS COUNTY, PA., THE UNIVERSITY IS CONVENIENTLY LOCATED NEAR PHILADELPHIA (60 MILES) AND WITHIN AN EASY DRIVE OF NEW YORK, BALTIMORE AND WASHINGTON, D.C.WITH A COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF PROFESSIONAL STUDIES, ALVERNIA OFFERS MORE THAN 50 UNDERGRADUATE MAJORS AND MINORS INCLUDING PRE-PROFESSIONAL PROGRAMS IN MEDICINE, DENTISTRY, LAW AND VETERINARY MEDICINE. THE UNIVERSITY ALSO PROVIDES A BROAD RANGE OF GRADUATE PROGRAMS AT THE MASTER'S AND DOCTORAL LEVELS THROUGH ITS SCHOOL OF GRADUATE AND ADULT EDUCATION. 0 0 60167369 18961218 73088656 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 DEPARTMENTOF 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. 60167369 1 1 0 1 0 0 0 0 0 1 1 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 0 0 0 1 0 0 0 0 0 1 0 0 0 1 82 0 1 1403 1 1 1 0 0 0 0 1 1 0 0 0 0 X 42 39 1 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X DOUGLAS F SMITH VP FINANCEADMIN 6107965600 400 SAINT BERNARDINE STREET READING PA 19607 KEVIN F STCYR CHAIR 1.00 X X 0 0 0 JOHN D WANNER CAE VICE CHAIR 1.00 X X 0 0 0 SR DANIELLE MARIE KUBELSKY OSF SECRETARY 1.00 X X 0 0 0 HEIDI B MASANO ESQ UNIVERSITY COUNSEL 1.00 X 0 0 0 CARL G ANDERSON JR TRUSTEE 1.00 X 0 0 0 ROBERT BALTHASER TRUSTEE 1.00 X 0 0 0 STEPHEN BANCO MD TRUSTEE 1.00 X 0 0 0 CHARLES BARBERA MD TRUSTEE 1.00 X 0 0 0 PAULA BARRETT TRUSTEE 1.00 X 0 0 0 THOMAS E BEEMAN TRUSTEE 1.00 X 0 0 0 CYNTHIA BOSCOV TRUSTEE 1.00 X 0 0 0 SR MARILISA DA SILVA OSF TRUSTEE 1.00 X 0 0 0 MICHELLE M DAVIS TRUSTEE 1.00 X 0 0 0 ROBERT DAVIS TRUSTEE 1.00 X 0 0 0 TIMOTHY DIETRICH ESQ TRUSTEE 1.00 X 0 0 0 ELSAYED ELMARZOUKY TRUSTEE 1.00 X 0 0 0 CHARLES FLYNN TRUSTEE 1.00 X 0 0 0 MICHAEL FROMM TRUSTEE 1.00 X 0 0 0 SR MADONNA MARIE HARVATH OSF TRUSTEE 1.00 X 0 0 0 ANGEL HELM TRUSTEE 1.00 X 0 0 0 CARL HERBEIN CPA TRUSTEE 1.00 X 0 0 0 CAROL L HINDS PHD TRUSTEE 1.00 X 0 0 0 ELLEN HUYETT TRUSTEE 1.00 X 0 0 0 JOANNE M JUDGE ESQ TRUSTEE 1.00 X 0 0 0 SR ANTOINETTE KEISER OSF TRUSTEE 1.00 X 0 0 0 KATHLEEN W KLEPPINGER TRUSTEE 1.00 X 0 0 0 RACHEL A MAHER DMD TRUSTEE 1.00 X 0 0 0 THOMAS W MARTELL TRUSTEE 1.00 X 0 0 0 ROBERT J MCCORMACK TRUSTEE 1.00 X 0 0 0 MICHAEL A MULLEN TRUSTEE 1.00 X 0 0 0 STEPHEN NAJARIAN TRUSTEE 1.00 X 0 0 0 SR DAVID ANN NISKI TRUSTEE 1.00 X 0 0 0 JEFFREY RUSH TRUSTEE 1.00 X 0 0 0 PETER RYE TRUSTEE 1.00 X 0 0 0 GREGORY J SHEMANSKI TRUSTEE 1.00 X 0 0 0 PATRICK SHIELDS TRUSTEE 1.00 X 0 0 0 JAMES C SWEENEY TRUSTEE 1.00 X 0 0 0 SR SHAUN KATHLEEN WILSON OSF TRUSTEE 1.00 X 0 0 0 C THOMAS WORK ESQ TRUSTEE 1.00 X 0 0 0 BENJAMIN J ZINTAK III TRUSTEE 1.00 X 0 0 0 ANDREW ZIOLKOWSKI TRUSTEE 1.00 X 0 0 0 THOMAS F FLYNN PHD PRESIDENT (BASE COMP) 37.50 X X 291572 0 60184 THOMAS F FLYNN PHD PRESIDENT (BONUS) 37.50 X X 66792 0 0 THOMAS F FLYNN PHD PRESIDENT (VESTED DEFERRED COMP) 37.50 X X 297898 0 0 JOSEPH J CICALA VP-UNIVERSITY LIFE 37.50 X 127496 0 21503 BRADLEY DREXLER VP-MARKETING AND COMM 37.50 X 175717 0 38267 JOHN R MCCLOSKEY VP-ENROLLMENT MANAGEMENT 37.50 X 168947 0 37186 DOUGLAS F SMITH VP-FINANCE & ADMIN 37.50 X 167726 0 38110 SHIRLEY J WILLIAMS PROVOST 37.50 X 179764 0 32318 LARAMIE JUNG VP-ADVANCEMENT 37.50 X 157261 0 28628 KAREN THACKER DEAN 37.50 X 118251 0 26237 TUFAN TIGLIOGLU ASSOC PROF/PHD DIR 37.50 X 108670 0 19814 THOMAS PORRAZZO ASSOC PROF/DEPT CHAIR 37.50 X 111932 0 20170 VERA BRANCATO ASSOC PROFESSOR 37.50 X 108142 0 10509 MARY ELLEN WELLS ASSOC PROFESSOR 37.50 X 106603 0 19437 2186771 0 352363 17 0 1 0 ALADDIN 16567 COLLECTIONS CENTER DR CHICAGO IL 60693 FOOD SERVICES 2614213 BARWIS CONSTRUCTION PO BOX 97 LIMEKILN PA 19535 CONSTRUCTION 2037228 SECURITY GUARDS INC PO BOX 6283 WYOMISSING PA 19610 CAMPUS SECURITY 984214 DISTRIBUTED SYSTEMS SERVICES ONE MERIDIAN BLVD SUITE 2D01 WYOMISSING PA 19610 TECH SUPPORT 537752 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 CONSULTING 431107 8 38040 1111121 3385416 17911 4534577 TUITION AND FEES 611710 62747000 62747000 AUXILARY ENTERPRISES 611710 10341656 10341656 73088656 739897 739897 246675 244344 2331 2331 -162854 165185 1244916 16000 1316321 0 -71405 16000 -55405 -55405 16800 38040 28955 -12155 -12155 STUDENT FEES AND FINES 900099 382337 382337 EVENT INCOME 900099 239598 239598 COMMISSIONS AND REBATES 900099 159694 159694 62317 62317 843946 79141847 73088656 76744 1441870 18961218 18961218 1701742 467312 1042979 191451 21641175 18367962 2954128 319085 1678537 1385986 247777 44774 4217344 3352149 745834 119361 2735411 2138924 510778 85709 194807 194807 104299 104299 19047 19047 82509 82509 6907368 4565658 2179790 161920 774065 5403 768662 1559632 1300148 206177 53307 780268 279832 500436 1582958 1329153 236897 16908 246045 176750 54711 14584 227565 166562 49907 11096 1500919 1264066 221052 15801 5021932 4257233 713685 51014 355928 15583 340329 16 REPAIRS AND MAINTENANCE 1380248 710351 663462 6435 BAD DEBTS 782991 0 782991 0 CATERING 582727 238890 285982 57855 DISCOUNTS 530838 517768 12198 872 1385523 647374 679607 58542 74955096 60167369 13578997 1208730 1590 1590 1249521 4624857 992398 2639015 1496868 1390339 502929 442469 477779 602283 148587042 48136908 99338360 100450134 26691797 26257713 927694 927108 131678936 137335508 3786918 4525860 760000 740000 56554761 54335976 7787141 11587513 3588498 3505653 72477318 74695002 X 47449331 48930350 2014011 2141865 9738276 11568291 59201618 62640506 131678936 137335508 4186751 -747863 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 19047 19047 0 PART II-B, LINE 1: ALVERNIA WORKS WITH AN ORGANIZATION THAT HELPS THE UNIVERSITY OBTAIN EARMARKS THROUGH THE FEDERATION APPROPRIATIONS PROCESS. THIS ORGANIZATION ALSO HAS A GRANT DEPARTMENT THAT WORKS WITH ALVERNIA TO SEARCH FOR FUNDING SOURCES FROM PRIVATE FOUNDATIONS AND GOVERNMENT AGENCIES. 16650 X 9738276 2283621 -129431 324175 11568291 9975834 56172 112600 406330 9738276 9126172 81884 1007963 240185 9975834 8573907 166321 682632 296688 9126172 8743713 239177 -200681 208302 8573907 1.00000 0 0 5871235 5871235 107750096 30264698 77485398 17559627 11774030 5785597 17406084 6098180 11307904 100450134 AGENCY FUNDS 1090551 GIFT ANNUITIES 267817 FEDERAL LOAN PROGRAM ADVANCES 486672 STUDENT DEPOSITS 1660613 3505653 X 59623556 -747863 -19043727 -19791590 79415146 -273299 -273299 79141847 56184668 273299 273299 55911369 19043727 19043727 74955096 PART III, LINE 4: DURING FISCAL YEAR 2015, ALVERNIA UNIVERSITY RECEIVED AN ELLIOT CLOCK AS A DONATION. THE CLOCK IS ON DISPLAY AS A HISTORICAL TREASURE IN THE FRANCO LIBRARY FOR THE ENRICHMENT OF THE COLLEGE AND ITS STUDENTS. PART V, LINE 4: ALVERNIA UNIVERSITY'S ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND CAPITAL PURCHASES INCLUDING TECHNOLOGY AND DEFERRED MAINTENANCE. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2016 AND 2015. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID (NETTED TO REVENUE ON FINANCIAL STATEMENTS) -18,961,218. INVESTMENT FEES (NETTED TO REVENUE ON FINANCIAL STATEMENTS) -82,509. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -244,344. FUNDRAISING EVENTS EXPENSE -28,955. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 244,344. FUNDRAISING EVENTS EXPENSE 28,955. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID (NETTED TO REVENUE ON FINANCIAL STATEMENTS) 18,961,218. INVESTMENT FEES (NETTED TO REVENUE ON FINANCIAL STATEMENTS) 82,509. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY OF NON DISCRIMINATION IS INCLUDED IN ITS "UNIVERSITY CATALOG", FINANCIAL AID LITERATURE, BROCHURES, AND GENERAL ADVERTISING. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES AN INSTITUTIONAL ASSISTANCE GRANT FROM THE COMMONWEALTH OF PENNSYLVANIA. THE UNIVERSITY RECEIVES FUNDS FROM THE FEDERAL DEPARTMENT OF EDUCATION UNDER STUDENT FINANCIAL ASSITANCE PROGRAMS. THE UNIVERSITY ALSO RECEIVES OTHER FEDERAL FUNDS EITHER DIRECTLY OR INDIRECTLY FROM THE U.S. DEPARTMENT OF LABOR OR THE U.S. DEPARTMENT OF JUSTICE. SCHLAGER GOLF OUTING 54840 38040 16800 4454 22456 2045 54840 38040 16800 4454 22456 2045 28955 -12155 1 INSTITUTIONAL DISCOUNTS 390 741050 INSTITUTIONAL SCHOLARSHIPS 2586 17675193 ENDOWED SCHOLARSHIPS 135 544975 PART I, LINE 2: GRANT FUNDING IS AWARDED TO ELIGIBLE STUDENTS THROUGH THE ADMISSION PROCESS AS WELL AS THROUGH THE COMPLETION OF THE ANNUAL FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). UPON ACCEPTANCE TO THE UNIVERSITY, IF DETERMINED ELIGIBLE BY ADMISSIONS, TRADITIONAL UNDERGRADUATE STUDENTS ARE AWARDED WITH INSTITUTIONAL MERIT OR PARTNERSHIP AID. WHEN THE OFFICE OF STUDENT FINANCIAL PLANNING (SFP) PACKAGES STUDENT AID, THESE FUNDS ARE AWARDED TO THE ELIGIBLE STUDENT. ONCE THE STUDENT HAS FILED THE FAFSA FORM, ADDITIONAL AID INCLUDING FEDERAL AND STATE GRANT/LOAN FUNDS ARE AWARDED AS WELL. AS FINANCIAL AID FILES ARE COMPLETED WITH MISSING DOCUMENTATION, STUDENT AID AWARDS ARE REVIEWED AND REVISED AS NECESSARY. THE SFP OFFICE WORKS CLOSELY WITH THE STUDENT ACCOUNT OFFICE (SAO) TO RECONCILE INSTITUTIONAL, FEDERAL AND GRANT FUNDING ON AN ONGOING BASIS THROUGHOUT THE ACADEMIC YEAR. REPORTS ARE RUN FROM THE SFP OFFICE AND SENT TO SAO TO REVIEW AND IDENTIFY ANY AID DISCREPANCIES. IF ANY ARE IDENTIFIED, THE AID IS ADJUSTED AS NECESSARY. THE SFP OFFICE REQUESTS A YEAR TO DATE FEDERAL PELL GRANT FILE FROM COD EVERY COUPLE OF MONTHS TO RECONCILE THE AWARDING, DISBURSEMENT AND CANCELLATION OF A STUDENT'S GRANT AWARDS. AS THE END OF THE AWARD YEAR COMES TO AN END REPORTS MAY BE RUN ON A WEEKLY BASIS FROM THE SFP, SAO AND COD SYSTEMS TO BE SURE ALL THE FUNDING AWARDED IS RECONCILED ACCURATELY. X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 THOMAS F FLYNN PHD PRESIDENT (BASE COMP) 291572 0 0 0 0 0 45776 0 14408 0 351756 0 0 0 THOMAS F FLYNN PHD PRESIDENT (BONUS) 0 0 66792 0 0 0 0 0 0 0 66792 0 0 0 THOMAS F FLYNN PHD PRESIDENT (VESTED DEFERRED COMP) 0 0 0 0 297898 0 0 0 0 0 297898 0 0 0 BRADLEY DREXLER VP-MARKETING AND COMM 162717 0 13000 0 0 0 20294 0 17973 0 213984 0 0 0 JOHN R MCCLOSKEY VP-ENROLLMENT MANAGEMENT 158947 0 10000 0 0 0 16973 0 20213 0 206133 0 0 0 DOUGLAS F SMITH VP-FINANCE & ADMIN 167726 0 0 0 0 0 18072 0 20038 0 205836 0 0 0 SHIRLEY J WILLIAMS PROVOST 172264 0 7500 0 0 0 18021 0 14297 0 212082 0 0 0 LARAMIE JUNG VP-ADVANCEMENT 154261 0 3000 0 0 0 12346 0 16282 0 185889 0 0 0 PART I, LINE 1A THE BENEFITS MARKED IN QUESTION 1A (RESIDENCE FOR PERSONAL USE AND HEALTH/SOCIAL CLUB DUES) ARE PROVIDED TO THE UNIVERSITY'S PRESIDENT (DR. THOMAS FLYNN). GROSS UP PAYMENTS ARE INCLUDED IN TAXABLE INCOME FOR THESE BENEFITS. THE RESIDENCE AND SOCIAL CLUB MEMBERSHIP IS OWNED BY THE UNIVERSITY AND THE PRESIDENT USES IT AS PART OF HIS RESPONSIBILITIES. PART I, LINE 4B DR. THOMAS FLYNN PARTICIPATES IN 457(F) AND 457(G) RETIREMENT PLANS. DR. FLYNN RECEIVED $297,898 FROM THE PLAN DURING THE YEAR AS HIS VESTED PAYMENT OF THE DEFERRED COMPENSATION PLAN. PART I, LINE 7 DR. FLYNN'S BONUS IS CONTRACTUAL. BONUSES FOR OTHER OFFICERS AND EMPLOYEES ARE BASED ON THE OVERALL PERFORMANCE OF THE UNIVERSITY AND PERSONAL GOAL ATTAINMENT BY THE EMPLOYEE. THE PRESIDENT'S BONUS IS APPPROVED ANNUALLY BY THE BOARD OF TRUSTEES. BONUSES FOR THE VICE PRESIDENTS ARE REVIEWED AND APPROVED BY THE PRESIDENT. A MUNICIPAL AUTHORITY OF SOUTH HEIDELBERG 364597945 2011-04-01 9945000 REFUNDING OF 12-23-08 REVENUE NOTE 0 0 0 B MUNICIPAL AUTHORITY OF SOUTH HEIDELBERG 364597945 2007-12-20 10000000 CONSTRUCTION AND CAPITAL RENOVATIONS 0 0 0 C REDEVELOPMENT AUTHORITY OF COUNTY OF BERKS 231719387 2006-05-17 7337481 CONSTRUCTION AND CAPITAL RENOVATIONS 0 0 0 D ROBESON TOWNSHIP MUNICIPAL AUTHORITY 236844459 2011-05-26 8995000 REFUNDING 04-22-04 REVENUE NOTE 0 0 0 A 830000 9945000 9945000 2011 1 0 1 1 B 175000 10000000 76574 9923426 2009 0 0 1 1 C 1406903 7337481 7337481 2009 1 0 1 1 D 2127431 8995000 8995000 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 A MUNICIPAL AUTHORITY OF CUMRU TOWNSHIP 236000288 2011-10-20 10000000 CONSTRUCTION AND CAPITAL RENOVATIONS 0 0 0 B REDEVELOPMENT AUTHORITY OF READING 236050281 2012-04-08 10000000 CONSTRUCTION AND CAPITAL RENOVATIONS 0 0 0 A 600000 10000000 96660 9903340 2012 0 0 1 1 B 450000 10000000 97500 9902500 2013 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 JAMES SWEENEY TRUSTEE 538000 SEE PART V 0 JEFFREY RUSH TRUSTEE 403164 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (D) DESCRIPTION OF TRANSACTION: JAMES SWEENEY IS A TRUSTEE OF ALVERNIA AND THE PRESIDENT OF DISTRIBUTED SYSTEMS, INC. (DSS). ALVERNIA PAID DSS $538,000 FOR OUTSOURCED IT SERVICE DESK, CIO, AND A PROJECT MANAGER DURING THE FISCAL YEAR ENDING JUNE 30, 2016.JEFFREY RUSH IS A TRUSTEE OF ALVERNIA AND THE REGIONAL PRESIDENT OF FULTON BANK. ALVERNIA PAID FULTON BANK $403,164 FOR INTEREST EXPENSES ON THEIR OUTSTANDING LINE OF CREDIT AND LONG-TERM DEBT DURING THE FISCAL YEAR ENDING JUNE 30, 2016. FORM 990, PART III, LINE 1 THE UNIVERSITY'S MAIN CAMPUS IS LOCATED IN READING, PENNSYLVANIA, WITH SATELLITE SITES IN THE PHILADELPHIA AND SCHUYLKILL COUNTY AREAS. ALVERNIA SUPPORTS A STIMULATING AND CARING LEARNING COMMUNITY THAT IS WELCOMING TO MORE THAN 3,000 STUDENTS WHO HAIL FROM DIVERSE GEOGRAPHICAL, CULTURAL AND RELIGIOUS BACKGROUNDS. THEY BENEFIT FROM FACULTY WHO ARE ACCOMPLISHED SCHOLARS AND SUPPORTIVE MENTORS. ALVERNIA STUDENTS ALSO ENJOY THE PERSONAL ATTENTION AFFORDED BY SMALL CLASS SIZES AND REAL WORLD APPLICATION OF THEIR STUDIES VIA AN EXTENSIVE NETWORK OF FIELD EXPERIENCES, INTERNSHIPS AND SERVICE PROJECTS THAT DEVELOP SUCCESSFUL PROFESSIONALS AND ENGAGED CITIZENS. THROUGH A CUTTING EDGE PARTNERSHIP WITH THE ONLINE CONSORTIUM OF INDEPENDENT COLLEGES AND UNIVERSITIES, ALVERNIA OFFERS ACCESS TO MORE THAN 700 WEB-BASED COURSES AND PROVIDES A BOUNDARY-FREE APPROACH TO LEARNING. ALVERNIA IS ALSO A GREAT VALUE AMONG PRIVATE UNIVERSITIES, AND WORKS HARD TO KEEP COSTS AFFORDABLE FOR FAMILIES. IN FACT, WHEN COMPARED TO OTHER LEADING PRIVATE COLLEGES, THE UNIVERSITY'S UNDERGRADUATE TUITION COST IS LESS THAN THE NATIONAL AVERAGE. THE SCHOOL ALSO OFFERS GENEROUS SCHOLARSHIPS AND FINANCIAL AID TO HELP STUDENTS REALIZE THEIR COLLEGE DREAMS. ALVERNIA HAS ALWAYS VIEWED ITS ROLE AS A COMMUNITY PARTNER, A CONCEPT THAT IS VITAL TO OUR MISSION. THAT PARTNERSHIP TAKES ON MANY FORMS. THROUGHOUT OUR HISTORY, ALVERNIA HAS HAD POSITIVE IMPACT ON THE REGION AND CITY OF READING THROUGH TAXES PAID (PAYROLL AND REAL ESTATE), VOLUNTARY PAYMENTS MADE IN LIEU OF TAXES (PILOT) AND SERVICES RENDERED IN LIEU OF TAXES (SILOT) AS WELL AS DIRECT SPENDING RELATED TO STUDENTS, VISITORS, INSTITUTIONAL EXPENDITURES AND EMPLOYEES WHO LIVE AND WORK IN THE AREA. ON AN ANNUAL BASIS, THE AMOUNT OF TAXES PAID, PILOT PAYMENTS, VALUE OF SILOT INITIATIVES AND RENTAL DISCOUNTS (GIVEN TO THE READING POLICE ACADEMY) TOTALS NEARLY $150,000. THE TOTAL ECONOMIC IMPACT RELATED TO THE UNIVERSITY IS SIGNIFICANTLY HIGHER, ESTIMATED AT MORE THAN $50 MILLION ANNUALLY. AS ONE OF ONLY 22 FRANCISCAN INSTITUTIONS IN THE UNITED STATES, ALVERNIA'S VALUES-BASED LEARNING PHILOSOPHY IS GUIDED BY THE IDEAL OF "KNOWLEDGE JOINED WITH LOVE" THAT SHAPES BOTH ITS EDUCATIONAL PHILOSOPHY AND STRONG CAMPUS COMMUNITY. THE UNIVERSITY'S EMPHASIS ON DEVELOPING ETHICAL LEADERS WITH MORAL COURAGE IS BLENDED WITH A COMMITMENT TO SERVICE IN A CAMPUS ENVIRONMENT THAT PROVIDES STUDENTS THE IDEAL SETTING TO GROW AND DEVELOP. THE UNIVERSITY'S ATHLETIC TEAMS, THE CRUSADERS, COMPETE UNDER THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION DIVISION III AND ARE MEMBERS OF THE FREEDOM CONFERENCE OF THE MIDDLE ATLANTIC STATES ATHLETIC CORPORATION, AS WELL AS MEMBERS OF THE EASTERN COLLEGE ATHLETIC CONFERENCE. ATHLETIC PROGRAMS INCLUDE MEN'S BASEBALL AND ICE HOCKEY, MEN'S AND WOMEN'S BASKETBALL, CROSS COUNTRY, GOLF, LACROSSE, SOCCER, TENNIS AND TRACK AND FIELD, AND WOMEN'S CHEERLEADING, DANCE, FIELD HOCKEY, SOFTBALL AND VOLLEYBALL. ALVERNIA'S FRANCISCAN HERITAGE INCLUDES A STRONG INTELLECTUAL TRADITION THAT RECOGNIZES AND VALUES THE IMPORTANCE OF DIVERSITY OF THOUGHT, FAITHS AND CULTURES. THE UNIVERSITY CHALLENGES STUDENTS TO SHAPE THE WORLD AND TRANSFORM IT AS WORKING PROFESSIONALS, CONCERNED CITIZENS AND CARING COMMUNITY MEMBERS, CONSISTENT WITH THE PRINCIPLES AND TEACHINGS OF SAINT FRANCIS OF ASSISI. THE BERNARDINE FRANCISCAN SISTERS, WHO FOUNDED ALVERNIA IN 1958, ARE MEMBERS OF THE THIRD ORDER REGULAR OF ST. FRANCIS. THE THIRD ORDER WAS A SPONTANEOUS PENITENTIAL LAY MOVEMENT INFLUENCED BY ST. FRANCIS AND THE EARLY BROTHERS AS THEY WORKED AND PREACHED IN CITIES AND TOWNS OF ITALY, ENCOURAGING PEOPLE TO LIVE THE GOSPEL AND EMBRACE A LIFE OF PENANCE IN THEIR OWN HOMES. SOME OF THESE PENITENTS EVENTUALLY DECIDED TO TAKE PUBLIC VOWS AND LIVE A COMMON LIFE, AND THE BERNARDINE FRANCISCAN SISTERS ARE ONE OF MANY RELIGIOUS CONGREGATIONS SHARING THIS THIRD ORDER CHARISM. AS A FRANCISCAN UNIVERSITY, ALVERNIA'S IDENTITY IS BASED ON LIFE CHANGING IDEALS THAT STRESS UNCONDITIONAL LOVE FOR ALL PEOPLE, COMPASSION, HUMILITY AND FORGIVENESS THROUGH AN UNDERSTANDING OF THE GOSPELS OF JESUS CHRIST. CORE TO ITS MISSION IS THE BELIEF IN THE SANCTITY OF HUMAN LIFE AND THE PROTECTION OF HUMAN RIGHTS THROUGH ACTIVE PARTICIPATION IN THE ECONOMIC, POLITICAL, LEGAL AND SOCIAL POLICY DIALOG THAT AFFECTS HUMAN DIGNITY. SERVICE, HUMILITY, PEACEMAKING, CONTEMPLATION AND COLLEGIALITY ARE THE CORE VALUES OF ALVERNIA AND THE BERNARDINE FRANCISCAN SISTERS. THESE BASIC VALUES ARE INTENDED TO INFORM A WAY OF LIFE, A VIEW OF THE WORLD AND A DEFINITION OF MEN'S AND WOMEN'S RELATIONSHIPS TO THEIR CREATOR THAT IS MORE RELEVANT TODAY THAN EVER BEFORE. ALVERNIA'S FRANCISCAN MISSION INFLUENCES ALL THAT IT DOES - ITS CURRICULUM AND CULTURE; WHAT THE UNIVERSITY TEACHES AND HOW IT IS TAUGHT. THIS CREATES A LEARNING ENVIRONMENT THAT ENCOURAGES STUDENTS TO FOLLOW THEIR INDIVIDUAL GIFTS TO TRANSFORM THEMSELVES AND THE WORLD AROUND THEM. FORM 990, PART VI, SECTION A, LINE 2 JOANNE JUDGE, TRUSTEE, AND C. TOM WORK, TRUSTEE, ARE PARTNERS IN THE LAW FIRM STEVENS & LEE. FORM 990, PART VI, SECTION A, LINE 3 THE UNIVERSITY OUTSOURCES ITS HUMAN RESOURCE FUNCTION. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL SERVICE IN AN EX-OFFICIO CAPACITY AND SHALL CONSIST OF THE GENERAL MINISTER AND COUNCIL OF THE CONGREGATION OF BERNARDINE SISTERS OF THE THIRD ORDER OF ST. FRANCIS OF READING, PA. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE POWER TO DO THE FOLLOWING: - DETERMINE AND MAINTAIN THE IDENTITY, PURPOSE, AND FRANCISCAN AFFILIATION OF THE CORPORATION. - ADOPT, AMEND, REPEAL, OR ALTER THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION. - APPROVE THE SALE, PURCHASE, MORTGAGE OF ENCUMBRANCE OF ANY REAL PROPERTY TRANSACTION GREATER THAN $3,000,000. - MERGE, CONSOLIDATE, DISSOLVE, OR EFFECT ANY FUNDAMENTAL CORPORATE REORGANIZATION OF THE CORPORATION - DETERMINE DISTRIBUTION OF ASSETS UPON DISSOLUTION OF THE CORPORATION - PARTICIPATE IN THE NOMINATING OF THE PRESIDENT OF THE BOARD OF TRUSTEES - APPROVE THE USE OF THE NAMES "ALVERNIA," "BERNARDINE, AND "FRANCISCAN" - APPROVE THE ARTICLES OF INCORPORATION AND BYLAWS OF ANY SUBSIDIARY OR RELATED CORPORATION. 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 APPROVED, A COPY IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES VIA THE UNIVERSITY'S SECURE PORTAL. AFTER THE BOARD HAS HAD TIME TO REVIEW AND COMMENT, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS ALL THE STATEMENTS. ANYONE NOTED WITH A CONFLICT IS REQUIRED TO ABSTAIN FROM VOTING ON SUCH TRANSACTIONS. 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 RECOMMENDATIONS TO THE BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD OF TRUSTEES IN EXECUTIVE SESSION ON AN ANNUAL BASIS. THE UNIVERSITY ALSO USES THE SAME CONSULTING FIRM TO REVIEW VICE PRESIDENTS' 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 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. BERNARDINE SISTERS OF THE THIRD ORDER OF ST FRANCIS 460 SAINT BERNARDINE STREET READING PA 19607 231691743 RELIGIOUS ORDER PA 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0