Alvernia University

“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.”

“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”

“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.”

“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.”

“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.”

“Documents are available upon request.”

“Documents are available upon request.”

“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 campuses 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. T”

“Contracted services: program service expenses 6,939,265. Management and general expenses 3,318,063. Fundraising expenses 106,701. Total expenses 10,364,029. Other fees: program service expenses 187,522. Management and general expenses 42,347. Fundraising expenses 733. Total expenses 230,602. Consulting: program service expenses 0. Management and general expenses 27,620. Fundraising expenses 0. Total expenses 27,620.”