2025-05-05T10:42:39-05:00 2024-06-30 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2023-07-01 231522643 ALVERNIA UNIVERSITY ALVE 6107965600 400 SAINT BERNARDINE STREET READING PA 19607 JOHN MCCLOSKEY SENIOR VP AND COO 6107965600 2025-04-16 1 1 LINDA S HIMEBACK CPA P00042618 6103781175 2025-04-16 2023 2025-03-06 01:10:19Z JOHN MCCLOSKEY 400 SAINT BERNARDINE STREET READING PA 19607 115021565 0 0928 X WWW.ALVERNIA.EDU X 1958 PA A CATHOLIC COMPREHENSIVE UNIVERSITY WITH A LIBERAL ARTS FOUNDATION FOUNDED BY THE BERNARDINE FRANCISCAN SISTERS 38 36 1368 50 274340 0 17261975 9946213 91907960 97112205 669822 1416161 804185 726925 110643942 109201504 34570461 36725026 0 0 34080864 33931820 0 0 1627728 36096325 38669486 104747650 109326332 5896292 -124828 219365146 228119350 107305185 113251984 112059961 114867366 X ALVERNIA UNIVERSITY IS A CATHOLIC COMPREHENSIVE UNIVERSITY WITH A LIBERAL ARTS FOUNDATION FOUNDED BY THE BERNARDINE FRANCISCAN SISTERS IN 1958. SEE CONTINUATION ON SCHEDULE O. 0 0 91972320 36725026 97112205 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. 91972320 1 1 0 1 0 0 0 1 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 1 0 1 1 0 0 0 0 1 0 0 0 1 196 0 1 1368 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 38 36 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOHN MCCLOSKEY SENIOR VP & COO 6107965600 400 SAINT BERNADINE STREET READING PA 19607 GREGORY J SHEMANSKI CHAIR 1.00 X X 0 0 0 MICHAEL DUFF VICE CHAIR 1.00 X X 0 0 0 JOHN M ARNOLD JR TRUSTEE 1.00 X 0 0 0 CHARLES BARBERA MD TRUSTEE AS OF JUNE 1.00 X 0 0 0 PAULA BARRETT CPA TRUSTEE 1.00 X 0 0 0 MICHAEL J CARON TRUSTEE 1.00 X 0 0 0 KEVIN P DEACOSTA TRUSTEE 1.00 X 0 0 0 RICHARD EHST TRUSTEE 1.00 X 0 0 0 MICHAEL FROMM TRUSTEE 1.00 X 0 0 0 JOHN H GALLEN JR TRUSTEE 1.00 X 0 0 0 JANE GATES PHD TRUSTEE AS OF JUNE 1.00 X 0 0 0 PATRICIA C GILES TRUSTEE 1.00 X 0 0 0 SR MADONNA MARIE HARVATH OSF TRUSTEE 1.00 X 0 0 0 ELLEN HUYETT TRUSTEE 1.00 X 0 0 0 STEVEN M KOONS CPA TRUSTEE 1.00 X 0 0 0 GINGER KUNKEL TRUSTEE 1.00 X 0 0 0 DANIEL LANGDON TRUSTEE 1.00 X 0 0 0 SR SANDRA LYONS TRUSTEE 1.00 X 0 0 0 RACHEL MAHER DMD 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 DAVID W PATTI TRUSTEE 1.00 X 0 0 0 SR JOHN ANN PROACH 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 JEANNE SAVAGE TRUSTEE 1.00 X 0 0 0 BARRY SCHLOUCH TRUSTEE 1.00 X 0 0 0 LUCINE SIHELNIK TRUSTEE 1.00 X 0 0 0 SR MARY SNINSKY TRUSTEE 1.00 X 0 0 0 DOUGLAS TIEMAN TRUSTEE 1.00 X 0 0 0 SR MARY JOSEPH TIRPAK TRUSTEE 1.00 X 0 0 0 MICHAEL TOBASH TRUSTEE 1.00 X 0 0 0 PAUL F TRUNK TRUSTEE 1.00 X 0 0 0 DAVID TURNER TRUSTEE 1.00 X 0 0 0 JOHN WEIDENHAMMER TRUSTEE 1.00 X 0 0 0 PATRICK WITMER MPA TRUSTEE AS OF JUNE 1.00 X 0 0 0 GLYNIS FITZGERALD PRESIDENT AS OF JULY 40.00 X X 369682 0 44876 JOHN MCCLOSKEY SVP, COO, SECRETARY 40.00 X X 240132 0 37882 LEAMOR KAHANOV SVP, PROVOST AS OF AUG 40.00 X 86834 0 15661 MARY-ALICE OZECHOSKI SVP, ENROLLMENT MGMT & STUDENT AFFAIRS 40.00 X 234505 0 17957 RODNEY RIDLEY VP, CHIEF OPERATIONS OFFICE 40.00 X 206173 0 35005 THOMAS MINICK VP, ADVANCEMENT & GOVERNMENT 40.00 X 202759 0 24855 ADAM WASZKIEWICZ VP, BUSINESS AFFAIRS 40.00 X 168399 0 22695 GAETAN GIANNINI VP, GRADUATE & ADULT EDUCATION 40.00 X 167543 0 22286 DARRYL MACE VP, MISSION DIVERSITY & INCLUSION 40.00 X 152703 0 30269 PATRICIA REGER DEAN, COLLEGE OF HEALTH SCIENCES 40.00 X 164619 0 31979 TRAVIS BERGER DEAN, BUSINESS COMM. & LEADERSHIP 40.00 X 157908 0 31448 ELIZABETH MATTEO DEAN, COLLEGE OF HUMANITIES & SOCIAL SERVICES 40.00 X 150004 0 28442 RENEE LANGSTAFF DIRECTOR OF PHYSICIAN ASSISTANT PROGAM 40.00 X 155416 0 21451 MARY ELLEN WELLS ASSOCIATE PROVOST 40.00 X 150615 0 32346 CHRISTOPHER WISE PROFESSOR 40.00 X 125890 0 25049 JOSEPH MICHAEL MAHONEY ASSOCIATE PROFESSOR 40.00 X 128886 0 18720 TUFAN TIGLIOGLU PROFESSOR 40.00 X 127876 0 18206 JOHN LOYACK CONSULTING EXECUTIVE DIRECTOR 40.00 X 591123 0 40626 3581067 0 499753 29 1 1 0 DUNMORE ROOFING & SUPPLY CO INC 158 TIGUE STREET DUNMORE PA 18512 CONSTRUCTION 610650 DIPINI CONSTRUCTION 925 GRANDELL AVE READING PA 19605 CONSTRUCTION 558135 KRE SECURITY LLC 11 S 3RD STREET HAMBURG PA 19526 SECURITY 470722 ETHOSOURCE LLC 180 GRACE BLVD MORGANTOWN PA 19543 FURNITURE 270958 JOHNSON CONTROLS FIRE PROPTECTION LP DEPT CH 10320 PALATINE IL 60055 ALARM SYSTEMS 257703 66 32830 6536325 3377058 126536 9946213 TUITION AND FEES 611710 82937188 82937188 AUXILIARY ENTERPRISES 611710 14175017 14175017 97112205 876251 876251 169321 90799 78522 78522 -922 79444 3506450 2735367 3625265 2076642 -118815 658725 539910 539910 27355 32830 27355 0 EVENT MGMT 532000 278174 2912 275262 COMMISSIONS & REBATES 611710 214869 214869 STUDENT FEES & FINES 611710 155360 155360 648403 109201504 97115117 274340 1865834 X 36725026 36725026 3083853 594610 1984093 505150 23536704 21677379 1392622 466703 1422004 1356963 38508 26533 4083676 3643263 315870 124543 1805583 1549629 189216 66738 60245 60245 69711 69711 73167 73167 118470 118470 15171880 10312999 4715781 143100 502128 15883 486245 2286113 1483758 769933 32422 1711972 1440814 266222 4936 3912403 2039805 1840371 32227 918238 766676 125497 26065 209062 130890 70200 7972 2230644 1919247 299575 11822 6979996 6005588 937414 36994 991464 199222 792242 CATERING 826955 561436 239648 25871 PROGRAMMING ACTIVITIES 625855 570168 55687 DISCOUNTS 624222 624222 BAD DEBTS 515384 2734 512650 841577 278841 446084 116652 109326332 91972320 15726284 1627728 142031 68836 6910431 282051 15922632 13961864 3125662 3209077 17360 14957 1207659 1128387 262967708 88824126 159135806 174143582 23737098 26484468 5842286 5913830 3324181 2912298 219365146 228119350 13239034 9284044 2422307 2045994 68869825 67248987 17950671 30957143 4823348 3715816 107305185 113251984 X 75723859 77603486 36336102 37263880 112059961 114867366 219365146 228119350 -124828 2932233 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 73167 73167 0 PART II-B, LINE 1: ALVERNIA WORKS WITH AN ORGANIZATION THAT HELPS THE UNIVERSITY OBTAIN EARMARKS THROUGH THE FEDERAL APPROPRIATIONS PROCESS. THIS ORGANIZATION ALSO HAS A GRANT DEPARTMENT THAT WORKS WITH ALVERNIA TO SEARCH FOR FUNDING SOURCES FROM PRIVATE FOUNDATIONS AND GOVERNMENT AGENCIES. 114650 X 0 19254489 1113104 2299162 943220 21723535 18546088 768196 1601770 1661565 19254489 22271741 62642 -2258320 1529975 18546088 17243426 2701 5524884 499270 22271741 17203745 904685 -387384 477620 17243426 0.15030 0.84970 0 0 5554935 5554935 183178402 52173397 131005005 34177116 25032163 9144953 40057255 11618566 28438689 174143582 AGENCY FUNDS 887002 GIFT ANNUITIES 4013 STUDENT DEPOSITS 1395120 REFUNDABLE GOVERNMENT LOAN FUNDS 72439 FINANCING LEASE OBLIGATIONS 607141 OPERATING LEASE OBLIGATIONS 750101 3715816 X 75416015 2932233 7620 -36725026 -33785173 109201188 118470 -118154 316 109201504 72608610 7620 118154 125774 72482836 118470 36725026 36843496 109326332 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. DURING FISCAL YEAR 2022, ALVERNIA UNIVERSITY MADE A FINAL PAYMENT FOR A GOLDEN WOLVES STATUE, AS A SYMBOL OF THE SCHOOL MASCOT AND IT IS DISPLAYED OUTSIDE OF THE PHYSICAL EDUCATION BUILDING. IT WAS BEING FUNDED BY DONOR CONTRIBUTIONS IN MEMORY OF A FORMER STAFF MEMBER AND FIELD HOCKEY COACH. PART V, LINE 4: ALVERNIA UNIVERSITY'S ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND OTHER PROGRAM EXPENSES AS DESIGNATED BY THE DONOR OR BOARD. PART X, LINE 2: 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, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS -36,725,026. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -90,799. FUNDRAISING EVENTS EXPENSE -27,355. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 90,799. FUNDRAISING EVENTS EXPENSE 27,355. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS 36,725,026. 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 NONDISCRIMINATION 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 ASSISTANCE 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 60185 32830 27355 3821 10855 7460 5219 60185 32830 27355 3821 10855 7460 5219 27355 0 1 INSTITUTIONAL DISCOUNTS 208 2676716 INSTITUTIONAL SCHOLARSHIPS 1502 33554006 ENDOWED SCHOLARSHIPS 132 494304 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. IF 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 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 1 1 X X 0 0 0 0 0 0 0 1 0 JOHN LOYACK CONSULTING EXECUTIVE DIRECTOR 423155 0 167968 0 0 0 29039 0 11587 0 631749 0 0 0 GLYNIS FITZGERALD PRESIDENT AS OF JULY 337582 0 32100 0 0 0 25464 0 19412 0 414558 0 0 0 JOHN MCCLOSKEY SVP, COO, SECRETARY 208132 0 32000 0 0 0 19865 0 18017 0 278014 0 0 0 MARY-ALICE OZECHOSKI SVP, ENROLLMENT MGMT & STUDENT AFFAI 213705 0 20800 0 0 0 17957 0 0 0 252462 0 0 0 RODNEY RIDLEY VP, CHIEF OPERATIONS OFFICE 188673 0 17500 0 0 0 16988 0 18017 0 241178 0 0 0 THOMAS MINICK VP, ADVANCEMENT & GOVERNMENT 180859 0 21900 0 0 0 16491 0 8364 0 227614 0 0 0 PATRICIA REGER DEAN, COLLEGE OF HEALTH SCIENCES 164619 0 0 0 0 0 13962 0 18017 0 196598 0 0 0 ADAM WASZKIEWICZ VP, BUSINESS AFFAIRS 154199 0 14200 0 0 0 13549 0 9146 0 191094 0 0 0 GAETAN GIANNINI VP, GRADUATE & ADULT EDUCATION 154043 0 13500 0 0 0 13140 0 9146 0 189829 0 0 0 TRAVIS BERGER DEAN, BUSINESS COMM. & LEADERSHIP 157908 0 0 0 0 0 13935 0 17513 0 189356 0 0 0 DARRYL MACE VP, MISSION DIVERSITY & INCLUSION 141203 0 11500 0 0 0 13222 0 17047 0 182972 0 0 0 MARY ELLEN WELLS ASSOCIATE PROVOST 150615 0 0 0 0 0 11892 0 20454 0 182961 0 0 0 ELIZABETH MATTEO DEAN, COLLEGE OF HUMANITIES & SOCIAL 150004 0 0 0 0 0 12363 0 16079 0 178446 0 0 0 RENEE LANGSTAFF DIRECTOR OF PHYSICIAN ASSISTANT PROG 155416 0 0 0 0 0 12421 0 9030 0 176867 0 0 0 CHRISTOPHER WISE PROFESSOR 125890 0 0 0 0 0 10093 0 14956 0 150939 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS FOR SOCIAL CLUB DUES FOR THE PRESIDENT AND SENIOR VP CHIEF OF STAFF. THESE BENEFITS ARE NOT CONSIDERED TAXABLE INCOME AS THESE BENEFITS ARE FOR BUSINESS PURPOSES. THE SOCIAL CLUB MEMBERSHIP IS OWNED BY THE UNIVERSITY AND THE PRESIDENT AND SENIOR VP CHIEF OF STAFF USES IT AS PART OF THEIR RESPONSIBILITIES. PART I, LINE 7 THE PRESIDENT'S BONUS IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. BONUSES FOR OTHER OFFICERS AND EMPLOYEES ARE BASED ON THE OVERALL PERFORMANCE OF THE UNIVERSITY AND PERSONAL GOAL ATTAINMENT BY THE EMPLOYEE. BONUSES FOR THE VICE PRESIDENTS ARE REVIEWED AND APPROVED BY THE PRESIDENT. A BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2019) 236647630 2019-12-11 52000000 SEE PART VI 0 0 0 B BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2020) 236647630 2020-02-27 21527132 SEE PART VI 0 0 0 C BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2021) 236647630 2021-10-14 10310000 SEE PART VI 0 0 0 A 11730000 52000000 43793141 535387 7671472 2019 1 0 1 1 B 740000 21527132 1332895 12541129 302526 7350582 2021 1 0 1 1 C 10310000 10199346 104799 5855 2021 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, BOND ISSUES BOND ISSUE DATED 12/11/2019: (A) ISSUER NAME: BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2019) (B) DESCRIPTION OF PURPOSE: TO REFUND PRIOR DEBT, PAY THE COST OF ISSUANCE OF THESE BONDS, PROVIDE FOR A NEW CAPITAL PROJECT AND REIMBURSE THE UNIVERSITY FOR CERTAIN CAPITAL EXPENDITURES BOND ISSUE DATED 02/01/2020: (A) ISSUER NAME: BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2020) (B) DESCRIPTION OF PURPOSE: TO REFUND PRIOR DEBT, PAY THE COST OF ISSUANCE OF THESE BONDS, PROVIDE FOR A NEW CAPITAL PROJECT AND REIMBURSE THE UNIVERSITY FOR CERTAIN CAPITAL EXPENDITURES BOND ISSUE DATED 10/14/2021: (A) ISSUER NAME: BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2021) (B) DESCRIPTION OF PURPOSE: TO REFUND PRIOR DEBT, PAY THE COST OF ISSUANCE OF THESE BONDS, AND PROVIDE FOR A NEW CAPITAL PROJECT. JEFFREY RUSH TRUSTEE 1415000 SEE PART V 0 JOHN GALLEN TRUSTEE 728000 SEE PART V 0 JOHN WEIDENHAMMER TRUSTEE 145000 SEE PART V 0 SCHEDULE L, PART VI, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (D) DESCRIPTION OF TRANSACTION: JEFFREY RUSH IS A TRUSTEE OF ALVERNIA AND THE REGIONAL PRESIDENT OF FULTON BANK. ALVERNIA HAS DEPOSIT ACCOUNTS AND MULTIPLE LINES OF CREDIT TOTALING $38,500,000 WITH FULTON BANK. ALVERNIA PAID FULTON BANK APPROXIMATELY $1,415,000 IN INTEREST ON THE LINE OF CREDIT DURING THE YEAR ENDED JUNE 30, 2024.JOHN GALLEN IS A TRUSTEE OF ALVERNIA AND THE OWNER AND PRESIDENT OF ETHOSOURCE. ALVERNIA PAID ETHOSOURCE APPROXIMATELY $728,000 FOR FURNITURE AND DESIGN SERVICES DURING THE FISCAL YEAR ENDED JUNE 30, 2024. JOHN WEIDENHAMMER IS A TRUSTEE OF ALVERNIA AND THE PRESIDENT OF WEIDENHAMMER SYSTEMS CORP. ALVERNIA PAID WEIDENHAMMER SYSTEMS CORP, APPROXIMATELY $145,000 FOR IT SERVICES DURING THE YEAR ENDED JUNE 30, 2024. X 7 120960 CLOSING COST X SUPPLIES 33 5576 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE UNIVERSITY SERVES EASTERN PENNSYLVANIA WITH A UNIQUE BLEND OF RIGOROUS LIBERAL ARTS EDUCATION, STRONG TECHNICAL TRAINING IN MANY HIGH DEMAND MAJORS, EVER-EXPANDING EXPERIENTIAL LEARNING OPPORTUNITIES THROUGH STUDY ABROAD AND INTERNSHIP EXPERIENCES, AND COMMUNITY ENGAGEMENT THROUGH ITS FRANCISCAN-BASED COMMUNITY SERVICE MODEL. THE READING CAMPUS IS IN HISTORIC BERKS COUNTY, PENNSYLVANIA, AND SITUATED ON BOTH A SCENIC 121-ACRE HILL CAMPUS AND MULTI-FACILITY DOWNTOWN URBAN CAMPUS IN CENTER CITY READING THAT SPANS MORE THAN 315,000 SQ. FT. THE UNIVERSITY'S READING CAMPUSES ARE CONVENIENTLY LOCATED NEAR PHILADELPHIA (60 MILES) AND WITHIN AN EASY DRIVE OF NEW YORK, BALTIMORE, AND WASHINGTON, D.C. THE UNIVERSITY ALSO HAS INSTRUCTIONAL SITES IN PHILADELPHIA, POTTSVILLE, AND PITTSTON, PENNSYLVANIA, SERVING ADULT LEARNERS AND GRADUATE STUDENTS. THROUGH STRATEGIC PARTNERSHIPS, ALVERNIA OFFERS MULTIPLE GRADUATE AND UNDERGRADUATE ONLINE PROGRAMS AND MORE THAN 700 ONLINE CONSORTIUM COURSES PROVIDING A BOUNDARY-FREE APPROACH TO LEARNING. ALVERNIA IS A PROFESSIONAL, DOCTORAL UNIVERSITY THAT DEPLOYS A FOUR-COLLEGE MODEL HAVING A COLLEGE OF BUSINESS, COMMUNICATION AND LEADERSHIP, COLLEGE OF HEALTH SCIENCES, COLLEGE OF HUMANITIES, EDUCATION AND SOCIAL SCIENCES AND COLLEGE OF SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATHEMATICS. 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. MANY OF THE UNIVERSITY'S PROGRAMS ARE IN HIGHLY TECHNICAL FIELDS SUCH AS ENGINEERING, HEALTHCARE, BEHAVIORAL SCIENCES, BUSINESS, AND MANY OTHERS. ALVERNIA SUPPORTS A STIMULATING, EXPERIENTIAL-BASED LEARNING MODEL IN A CARING VALUED-DRIVEN COMMUNITY THAT IS WELCOMING TO MORE THAN 3,000 STUDENTS WHO HAIL FROM DIVERSE GEOGRAPHICAL, CULTURAL, AND RELIGIOUS BACKGROUNDS. AS ONE OF THE MOST SUCCESSFUL 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 COMMUNITY. STUDENTS BENEFIT FROM FACULTY WHO ARE ACCOMPLISHED SCHOLARS AND SUPPORTIVE MENTORS. ALVERNIA STUDENTS ALSO ENJOY THE PERSONAL ATTENTION AFFORDED BY INTIMATE CLASS SIZES AND REAL-WORLD APPLICATION OF THEIR STUDIES VIA AN EXTENSIVE NETWORK OF FIELDWORK EXPERIENCES, INTERNSHIPS AND SERVICE PROJECTS THAT DEVELOP SUCCESSFUL PROFESSIONALS AND ENGAGED CITIZENS. ALVERNIA IS ALSO A GREAT VALUE AMONG NATIONALLY RANKED PRIVATE PROFESSIONAL UNIVERSITIES, AND WORKS HARD TO KEEP COSTS AFFORDABLE FOR FAMILIES. THE SCHOOL ALSO OFFERS GENEROUS SCHOLARSHIPS AND FINANCIAL AID TO HELP STUDENTS REALIZE THEIR CAREER DREAMS. THE UNIVERSITY'S ATHLETIC TEAMS, THE GOLDEN WOLVES, COMPETE UNDER THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION DIVISION III AND ARE MEMBERS OF THE FREEDOM CONFERENCE OF THE MIDDLE ATLANTIC CONFERENCE, AS WELL AS MEMBERS OF THE EASTERN COLLEGE ATHLETIC CONFERENCE. THE UNIVERSITY SPONSORS THIRTY-THREE ATHLETIC PROGRAMS INCLUDING MEN'S FOOTBALL, BASEBALL AND WRESTLING, MEN'S AND WOMEN'S BASKETBALL, CROSS COUNTRY, GOLF, LACROSSE, SOCCER, TENNIS, ICE HOCKEY, TRACK AND FIELD, WRESTLING, AND E-SPORTS AND WOMEN'S CHEERLEADING, DANCE, FIELD HOCKEY, SOFTBALL, 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. OUR GOAL IS TO NOT ONLY PREPARE STUDENTS TO MAKE A LIVING BUT ALSO MAKE A LIFE BY BEING ENGAGED IN THE COMMUNITIES WHERE THEY LIVE AND WORK. 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. 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. FROM THESE VALUES WE TEACH STUDENTS TO BETTER UNDERSTAND OTHERS WITH A MISSION OF FINDING COMMON GROUND TO MOVE IDEAS FORWARD AND CREATE POSITIVE CHANGE IN THE WORLD. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL SERVE 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, OR 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 11B 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 RESOURCE, STEWARDSHIP, AND AUDIT COMMITTEE WHERE THERE IS A DISCUSSION OF THE ENTIRE FORM, QUESTIONS ARE 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 BUSINESS AFFAIRS OFFICE AND HUMAN RESOURCES REVIEWS ALL OF 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 (TOTAL COMPENSATION SOLUTIONS) TO REVIEW NATIONAL COMPENSATION TRENDS AND MONITORS COMPENSATION AT OUR PEER INSTITUTIONS. THIS INCLUDES UTILIZING NATIONAL SURVEYS AND DATABASES 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 RESOURCE, STEWARDSHIP, AND AUDIT COMMITTEE). THE COMPENSATION COMMITTEE MAKES ITS RECOMMENDATIONS TO THE BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD OF TRUSTEES IN AN EXECUTIVE SESSION ON AN ANNUAL BASIS. THE UNIVERSITY ALSO USES THE SAME CONSULTING FIRM TO REVIEW THE VICE PRESIDENT'S COMPENSATION. SIMILAR COMPARISONS ARE MADE TO SURVEYS AND PEER GROUPS AS DISCUSSED ABOVE. RECOMMENDATIONS ARE THEN MADE TO THE PRESIDENT. THE VICE PRESIDENTS' SALARIES ARE THEN ALSO REVIEWED BY THE BOARD OF TRUSTEES. THE COMPENSATION DETERMINATION PROCESS IS DOCUMENTED EACH YEAR IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 10,312,688. MANAGEMENT AND GENERAL EXPENSES 4,707,280. FUNDRAISING EXPENSES 143,100. TOTAL EXPENSES 15,163,068. OTHER FEES: PROGRAM SERVICE EXPENSES 311. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 311. CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,501. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,501. 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 BERNARDINE SISTERS OF THE THIRD ORDER OF ST FRANCIS K 1 VALUATION BERNARDINE SISTERS OF THE THIRD ORDER OF ST FRANCIS M 188191 COST