2015-12-11T16:28:50-07:00 2015-06-30 990 2014-07-01 390806263 ALVERNO COLLEGE ALVE 4143826000 PO Box 343922 Milwaukee WI 532343922 James Oppermann SVP of Finance 4143826129 2015-12-11 2014 2016-03-07 17:11:31Z Mary Meehan 3400 S 43rd St Milwaukee WI 532343922 61837130 0 X www.alverno.edu X 1940 WI Educational Institution 37 35 1235 276 0 0 11992032 5762572 52157675 50588122 2085659 1167501 1587 -3844 66236953 57514351 11203349 11427457 0 0 28095609 27267361 31332 44666 1588320 17414637 18191346 56744927 56930830 9492026 583521 103727337 115335231 21654260 33181685 82073077 82153546 Educational Institution 0 0 52228032 11427457 51755623 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 52228032 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 1 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 0 1 3436 0 1 1235 1 0 0 0 0 0 0 X 37 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 Board Member 1 X 0 0 0 Charles R Bartels Board Member 1 X 0 0 0 Mary Beth Berkes Board Member 1 X 0 0 0 Ronald L Blake Board Member 1 X 0 0 0 Elaine Burke Board Member 1 X 0 0 0 Jovita Carranza Board Member 1 X 0 0 0 Tina Chang Board Member 1 X 0 0 0 Ricardo Diaz Board Member 1 X 0 0 0 Susan Dragisic Board Member 1 X 0 0 0 Judith A Drinka Board Member 1 X 0 0 0 Jacquelyn Fredrick Board Member 1 X 0 0 0 Cecelia I Gore Board Member 1 X 0 0 0 Toni Anne Gradisnik Board Member 1 X 0 0 0 Gary P Grunau Board Member 1 X 0 0 0 Marianne Hechmann Board Member 1 X 0 0 0 Katherine M Hudson Board Member 1 X 0 0 0 Howard Jacob Board Member 1 X 0 0 0 Barbara A Kraemer Board Member 1 X 0 0 0 Kathleen Lawler Board Member 1 X 0 0 0 Donald W Layden Jr Board Member 1 X 0 0 0 Andrea Lee Board Member 1 X 0 0 0 Allen L Leverett Board Member 1 X 0 0 0 Stephen R Lundeen Board Member 1 X 0 0 0 Janet D Martin Board Member 1 X 0 0 0 Jean Maier Board Member 1 X 0 0 0 Marc McSweeney Board Member 1 X 0 0 0 Regina Pacis Meservey Board Member 1 X 0 0 0 Kim Metcalf Kupres Board Member 1 X 0 0 0 Abigail J Nash Board Member 1 X 0 0 0 Kristine Obrecht Board Member 1 X 0 0 0 Paul E Purcell Board Member 1 X 0 0 0 Ajita Rajendra Board Member 1 X 0 0 0 Roy Reiman Board Member 1 X 0 0 0 Mary C Schneider Board Member 1 X 0 0 0 Marsha Sehler Board Member 1 X 0 0 0 Barbaralie Stiefermann Board Member 1 X 0 0 0 Barbara Wyatt Sibley Board Member 1 X 0 0 0 Mary Meehan President 40 X 297267 0 31726 James Oppermann SVP of Finance 40 X 152876 0 24592 Kathleen O'Brien SVP of Academic Affairs 40 X 143054 0 18997 Julie Quinlan VP of Advancement 40 X 126316 0 24474 Kathleen Lake VP of Student Success 40 X 100010 0 20818 Kathrine Lundeen VP of Enrollment 40 X 90994 0 24181 James Hilby Chief Information Officer 40 X 104835 0 11739 Sebastian Thachenkary Director of Marketing Communications 40 X 96826 0 7398 Anita Eikens Executive Director of Information Technology 40 X 92408 0 14536 Marlene Neises Associate VP of Academic Services 40 X 90206 0 14085 Celia Jackson Executive Director International and Intercultural 40 X 89673 0 14284 1384465 0 206830 6 0 1 0 J H Findorff Son Inc PO Box 1647 Madison WI 53701 Construction 10056940 Findorff PO Box 575 Madison WI 53701 Construction 5490393 Food Services Inc 1801 W Glendale Ave Milwaukee WI 53209 Food services 2514302 Duet Resource Group 440 W Vliet St Milwaukee WI 53212 Furniture 1015638 Eagle Enterprises LTD 333 N 121st St Milwaukee WI 53226 Janitorial 747145 33 0 0 30611 0 576463 5155498 669753 5762572 Tuition and Fees 611310 45212485 45212485 0 0 Auxiliary Enterprises 611310 5254934 5254934 0 0 Other Income 611310 120703 120703 0 0 0 0 0 0 50588122 480900 480900 0 0 1866 1866 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4985646 2020 4215827 87104 769819 -85084 684735 684735 0 0 16004 30611 19848 -3844 0 -3844 0 0 0 0 0 0 0 0 0 0 0 0 0 57514351 51755623 0 -3844 11427457 11427457 1435180 844326 458241 132613 20294961 18645175 902031 747755 1091304 968099 83991 39214 2960309 2580134 247808 132367 1485607 1334529 89841 61237 43158 43158 30950 30950 44666 44666 141838 113340 28498 4013348 3910894 101979 475 1382183 1353458 28725 2291061 1699043 243543 348475 1855960 1669594 186366 307045 245789 25867 35389 93047 79518 8841 4688 391555 271115 114320 6120 3595822 3595822 Tuition Discounts 1419892 1419892 0 0 Equipment 1520733 1490265 23872 6596 Goods for Resale 577941 577941 0 0 Bad Debt 526813 1641 525172 0 56930830 52228032 3114478 1588320 475575 368376 7670087 9057298 15509057 8843340 603526 913060 0 0 0 0 1415954 1550633 357283 182120 415060 656074 102710440 47018488 37966887 55691952 31730768 29599759 6759987 7611264 823153 861355 103727337 115335231 5830323 4158622 1323398 1343788 2854347 2423579 8600000 22272390 3046192 2983306 21654260 33181685 X 22668488 21555790 43304661 43965153 16099928 16632603 82073077 82153546 103727337 115335231 583521 -503052 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12000 132407 0 0 X X 0 25317427 615606 504033 1011941 0 0 25425125 22260140 630361 3426926 1000000 0 0 25317427 19843863 1103681 2312596 1000000 0 0 22260140 20911042 205787 -272966 1000000 0 0 19843863 17442811 943544 3582993 1058306 0 0 20911042 0.33 0.6 0.07 0 0 32900 0 32900 67308818 0 27306403 40002415 6459288 0 2914964 3544324 24008079 0 15274759 8733320 4901355 0 1522362 3378993 55691952 0 0 Hedge Funds 5511096 F Private Equity Funds 657418 F Real Estate Funds 1442750 F 7611264 Asset Retirement Obligation 2802432 Annuities Payable 180874 2983306 X 44122843 -503052 15647 0 0 -487405 44610248 141838 12762265 12904103 57514351 43957290 15647 0 0 0 15647 43941643 141838 12847349 12989187 56930830 Schedule D, Part III, Line 4 The art collection donation to the College is several paintings from Wisconsin artists. 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. 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. Schedule D, Part X, Line 2 There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2015. Schedule D, Part XI, Line 4b Tuition discounts and scholarships $12,847,349 and loss on sale of assets $85,084. Schedule D, Part XII, Line 4b Tuition discounts and scholarships. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 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. 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 Consulting 0 0 31300 -31300 0 31300 -31300 AZ DE FL GA ID IN KS KY MA MD MO MT ND NE NM NV NY OH TX WI WY Golf Outing 46615 30611 16004 0 0 0 7858 10000 1990 0 0 46615 30611 16004 0 0 0 7858 10000 1990 19848 -3844 1 Institutional scholarships 1973 11427457 Selection of students is based on established criteria of each scholarship fund and students are awarded scholarships on account through financial aid. 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 President 297267 0 0 0 0 0 17739 0 13987 0 328993 0 0 0 James Oppermann SVP of Finance 152876 0 0 0 0 0 11109 0 13483 0 177468 0 0 0 Kathleen O'Brien SVP of Academic Affairs 143054 0 0 0 0 0 11109 0 7888 0 162051 0 0 0 Julie Quinlan VP of Advancement 126316 0 0 0 0 0 9148 0 15326 0 150790 0 0 0 A Wisconsin Health & Educational Facilities Authority 391337855 2014-08-08 26772390 New Construction/Refund 1997 Issue 0 0 0 A 4500000 0 26772390 1591097 0 0 224062 0 0 16357231 0 0 2015 1 0 0 1 A 0 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 1 A 1 Marsha Sehler Trustee 166118 Architecture Fees-Uihlein Wilson 0 Katherine Lundeen Daughter of Trustee 115175 Compensation 0 X 1 12000 Market Estimate X 25 543419 Market Price X 1 114334 Market Estimate 0 1 0 Form 990, Part VI, Section A, Line 2 Trustees Gary Grunau and Susan Dragisic have a family relationship. 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. 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. Form 990, Part VI, Section A, Line 7b See Bylaws 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. Form 990, Part VI, Section B, Line 11b The 990 goes to the Audit Committee for review and approval and then it gets final review and approval from the Board of Trustees before being filed with the IRS. 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 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. Form 990, Part VI, Section C, Line 19 Available upon request 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 0 1 0 School Sisters of St Francis US Province r 350542