Alverno College in Milwaukee, Wisconsin (WI)

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Alverno College
Employer Identification Number (EIN)390806263
Name of OrganizationAlverno College
AddressPO BOX 343922, Milwaukee, WI 53234-3922
ActivitiesSpecial school for the blind, handicapped, etc, Hospital, Publishing activities
SubsectionCharitable Organization, Religious Organization
Ruling Date03/1946
DeductibilityContributions are deductible
FoundationSchool
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$103,727,337
Amount of Income$72,514,550
Form 990 Revenue Amount$66,236,953
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2014: $72,514,550
This organization: 

 $72,514,550
Other organizations performing similar types of work: 

 $66,253,053

Assets in 2014: $103,727,337
Alverno College: 

 $103,727,337
Other organizations performing similar types of work: 

 $118,174,264

Expenses in 2013: $53,869,264
This organization: 

 $53,869,264
Other organizations performing similar types of work: 

 $52,716,293

Income to expenses ratio in 2013: 1.3
Alverno College: 

 1.3
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 88.5%
This organization: 

 88.5%
Other organizations performing similar types of work: 

 83.2%

Number of employees in 2013: 1,187
This organization: 

 1,187
Other organizations performing similar types of work: 

 1,113

Employees paid over $100,000 in 2013: 2.6%
Alverno College: 

 2.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 16.9%
Alverno College: 

 16.9%
Other organizations performing similar types of work: 

 4.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?Yes
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?Yes
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?Yes
A family member of a current or former officer, director, trustee, or key employee?Yes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
20122013
The number reported in Box 3 of Form 10963,412
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1,187
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNo
Has it filed a Form 990-T for this year?No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities $0$0
Gross income from members or shareholders$0$0
Gross income from other sources$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,256,155
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$197,902
Total number of individuals who received more than $100,000 of reportable compensation from the organization6
Total number of independent contractors who received more than $100,000 of compensation from the organization25
Statement of Revenue
20122013
Total revenue$60,627,442$61,572,809
Contributions, Gifts, Grants and Other Similar Amounts$10,001,081$10,392,654
Program Service Revenue$50,279,751$50,392,305
Colleges, Universities, and Professional Schools $45,397,346
Colleges, Universities, and Professional Schools $4,826,470
Colleges, Universities, and Professional Schools $168,489
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$324,316$484,856
Income from investment of tax-exempt bond proceeds$0$0
Royalties$0$0
Net rental income$0$0
Net gain/loss from sales of assets other than inventory$17,220$309,437
Gross amount from sales of assets other than inventory (Securities / Other)$2,796,308 / $24,575$2,174,592 / $1,230
Less: cost or other basis and sales expenses (Securities / Other)$2,729,858 / $73,805$1,866,385 / $0
Gain or (loss) (Securities / Other)$66,450 / $-49,230$308,207 / $1,230
Net income/loss from fundraising events$5,074$-6,443
Gross income from fundraising events$24,823$14,894
Less: direct expenses$19,749$21,337
Net income/loss from gaming activities$0$0
Net income/loss from sales of inventory$0$0
Miscellaneous Revenue$0$0
Statement of Functional Expenses
20122013
Total functional expenses$54,533,603$53,869,264
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$10,733,424
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$1,285,979$1,251,974
Compensation not included above, to disqualified persons$0
Other salaries and wages$20,588,986$20,223,076
Pension plan accruals and contributions$1,076,647
Other employee benefits$3,029,096
Payroll taxes$1,511,762$1,489,453
Fees for services (non-employees)
Management$0
Legal$5,523
Accounting$43,950
Lobbying$0
Professional fundraising services$105,551$76,392
Investment management fees$145,094
Other$3,437,502
Advertising and promotion$1,289,261
Office expenses$2,079,478
Information technology$0
Royalties$0
Occupancy$1,765,223
Travel$315,331
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$113,454
Interest$318,486
Payments to affiliates$0
Depreciation, depletion, and amortization$2,829,797
Insurance$0
Other expenses$1,238,020
Other expenses$1,389,119
Other expenses$655,522
Other expenses$363,442
Balance Sheet
20122013
Total assets$79,520,396$89,829,351
Cash - non-interest-bearing$463,675
Savings and temporary cash investments$3,580,908
Pledges and grants receivable, net$12,269,915
Accounts receivable, net$565,230
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$1,486,938
Inventories for sale or use$353,264
Prepaid expenses and deferred charges$496,559
Land, buildings, and equipment: cost or other basis$31,448,761
Investments - publicly traded securities$32,668,039
Investments - other securities$5,716,008
Investments - program-related$0
Intangible assets$0
Other assets$780,054
Total liabilities$18,060,966$18,665,690
Accounts payable and accrued expenses$2,865,008
Grants payable$1,307,438
Deferred revenue$2,736,486
Tax-exempt bond liabilities$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$0
Unsecured notes and loans payable to unrelated third parties$8,600,000$8,600,000
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$3,156,758
Total net assets or fund balances$61,459,430$71,163,661
Unrestricted net assets$20,770,630
Temporarily restricted net assets$34,593,732
Permanently restricted net assets$15,799,299
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$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$25,326,822$24,942,518$26,707,203$31,944,794$37,007,336$52,937,854$42,779,050$52,706,830
Contributions, gifts, grants, and similar amounts received$4,016,142$2,783,407$3,727,083$3,031,460$2,563,110$13,916,676$2,334,462$7,178,794
Contributions to donor advised funds$0$0
Direct public support$3,593,661$2,018,780$2,777,775$2,435,290$1,971,634$13,424,378$1,859,471$6,444,665
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$422,481$764,627$949,308$596,170$591,476$492,298$474,991$734,129
Program service revenue including government fees and contracts$20,382,047$21,484,543$23,708,203$27,550,142$33,247,448$35,376,122$38,381,698$42,911,872
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$478,321$258,633$169,595$164,478$172,058$307,083$423,273$415,081
Dividends and interest from securities$256,885$207,693$203,909$164,050$218,656$287,222$398,936$1,274,847
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$193,427$208,242$-1,101,587$1,034,664$806,064$3,050,751$1,240,681$926,236
Gross amount from sales of assets other than inventory$6,354,736$7,707,411$7,461,573$9,883,657$7,236,427$20,219,978$7,067,655$12,656,884
Less: cost or other basis and sales expenses$6,161,309$7,499,169$8,563,160$8,848,993$6,430,363$17,169,227$5,826,974$11,730,648
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$25,584,833$28,386,825$30,213,098$32,523,165$37,238,477$39,424,759$42,053,912$45,708,749
Program services$22,621,624$25,342,214$26,879,494$29,099,501$33,641,975$34,734,779$37,293,817$40,435,699
Management and general$2,294,009$2,430,236$2,597,086$2,790,641$2,818,567$3,708,405$3,618,209$3,992,488
Fundraising$669,200$614,375$736,518$633,023$777,935$981,575$1,141,886$1,280,562
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$47,970,157$41,903,386$38,692,153$41,355,230$41,579,998$54,520,443$55,259,247$58,353,873
Excess or (deficit) for the year$-258,011$-3,444,307$-3,505,895$-578,371$-231,141$13,513,095$725,138$6,998,081
Net assets or fund balances at beginning of year$50,400,962$47,970,157$41,903,386$38,692,153$41,355,230$41,579,998$51,906,195$55,259,247
Other changes in net assets or fund balances$-2,172,794$-2,622,464$294,662$3,241,448$455,909$-572,650$2,627,914$-3,903,455
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$45,708,749$40,435,699$3,992,488$1,280,562
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$8,122,657
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$938,652$529,206$323,421$86,025
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$17,539,226$15,697,437$1,468,518$373,271
Pension plan contributions not included above$624,898$535,413$71,918$17,567
Employee benefits not included above$2,870,739$2,111,957$649,154$109,628
Payroll taxes$1,262,757$1,105,872$124,412$32,473
Professional fundraising fees$82,600$0$0$82,600
Accounting fees$41,350$0$41,350$0
Legal fees$27,214$0$27,214$0
Supplies$1,155,006$974,521$50,332$130,153
Telephone$113,040$66,362$45,012$1,666
Postage and shipping$285,749$243,250$15,081$27,418
Occupancy$1,823,089$1,664,209$158,880$0
Equipment rental and maintenance$972,209$607,216$350,499$14,494
Printing and publications$384,638$288,124$7,952$88,562
Travel$351,678$313,861$22,176$15,641
Conferences, conventions, and meetings$89,397$83,001$0$6,396
Interest$554,737$444,067$110,357$313
Depreciation, depletion, etc.$2,414,302$2,414,302$0$0
Other expenses not covered above$6,054,811$5,234,244$526,212$294,355
Balance Sheets
20002001200220032004200520062007
Total assets$63,837,449$58,712,226$54,530,151$55,680,888$55,983,718$71,422,800$72,654,817$76,940,193
Cash - non-interest-bearing$37,580$31,932$114,797$45,369$23,330$73,729$153,286$107,225
Savings and temporary cash investments$6,601,388$5,996,861$3,356,455$4,331,003$5,033,808$4,605,347$4,067,348$6,943,477
Accounts receivable less allowance for doubtful accounts$795,896$1,214,547$1,098,179$871,850$931,792$610,795$781,963$562,429
Pledges receivable less allowance for doubtful accounts$6,818,966$4,179,761$2,220,586$1,906,707$1,370,091$8,761,380$1,532,938$3,624,731
Grants receivable$61,617$426,899$170,545$16,566$213,133$29,285$36,456$2,925
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$1,422,826$1,459,959$1,471,713$1,529,130$1,577,053$1,530,473$1,367,129$1,389,680
Inventories for sale or use$373,930$376,170$407,764$358,085$370,631$499,288$612,653$782,785
Prepaid expenses and deferred charges$259,418$377,337$471,405$273,286$278,422$315,925$266,314$152,692
Investments - publicly-traded securities$19,465,377$16,588,667
Investments - other securities$22,904,859$20,423,652$21,904,945$24,147,830$24,727,937$28,288,963$13,314,294$14,267,911
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$430,319$0$493,474$526,461
Land, buildings, and equipment less accumulated depreciation$24,208,160$23,845,714$22,901,387$21,690,043$20,957,519$26,196,955$30,508,859$31,933,818
Other assets, including program-related investments$352,809$379,394$412,375$511,019$69,683$510,660$54,726$57,392
Total liabilities$15,867,292$16,808,840$15,837,998$14,325,658$14,403,720$16,902,357$17,395,570$18,586,320
Accounts payable and accrued expenses$2,189,753$3,168,743$2,407,821$1,909,547$2,260,396$4,883,691$2,722,977$3,718,156
Grants payable$1,147,935$1,196,781$1,247,003$1,404,962$1,408,504$1,383,656$1,279,806$1,199,281
Deferred revenue$1,546,271$1,669,306$1,859,719$2,273,605$2,134,820$2,035,010$2,042,603$2,371,392
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$10,983,333$10,617,646$10,170,728$8,737,544$8,600,000$8,600,000$8,600,000$8,600,000
Other liabilities$0$156,364$152,727$0$0$0$2,750,184$2,697,491
Total liabilities and net assets/fund balances$63,837,449$58,712,226$54,530,151$55,680,888$55,983,718$71,422,800$72,654,817$76,940,193
Total net assets or fund balances$47,970,157$41,903,386$38,692,153$41,355,230$41,579,998$54,520,443$55,259,247$58,353,873
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$25,326,822$24,942,518$26,707,203$31,944,794$37,007,336$52,937,854$42,779,050$52,706,830
Total revenue, gains, and other support per audited financial statements$24,944,995$24,160,206$26,580,649$28,039,971$31,165,256$46,406,437$38,659,193$43,905,114
Other expenses$862,216$1,026,314$2,335,195$135,446$577,539$155,166$2,770,026$-3,776,315
Net unrealized gains on investments$627,616$785,942$2,080,497$0$455,909$0$2,627,911$-3,903,455
Donated services and use of facilities$234,600$240,372$254,698$135,446$121,630$136,476$120,383$127,140
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$18,690$21,732$0
Other revenue$1,244,043$1,808,626$2,461,749$4,040,269$6,419,619$6,686,583$6,889,883$5,025,401
Investment expenses$0$0$0$0$0$0$0$161,784
Other$1,244,043$1,808,626$2,461,749$4,040,269$6,419,619$6,686,583$6,889,883$4,863,617
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$25,584,833$28,386,825$30,213,098$32,523,165$37,238,477$39,424,759$42,053,912$45,708,749
Total expenses and losses per audited financial statements$24,551,790$26,698,457$27,701,139$28,846,977$30,940,488$33,448,048$35,322,800$37,573,222
Other revenue$2,407,394$2,862,836$254,698$135,446$121,630$137,222$158,771$127,140
Donated services and use of facilities$234,600$240,372$254,698$135,446$121,630$136,476$120,383$127,140
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$2,172,794$2,622,464$0$0$0$0$0$0
Other$0$0$0$0$0$746$38,388$0
Other expenses$3,440,437$4,551,204$2,766,657$3,811,634$6,419,619$6,113,933$6,889,883$8,262,667
Investment expenses$0$0$0$0$0$0$0$161,784
Other$3,440,437$4,551,204$2,766,657$3,811,634$6,419,619$6,113,933$6,889,883$8,100,883
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$140,270$23,374$0
40$80,921$5,236$0
40$84,118$12,066$0
40$28,910$1,079$0
40$57,115$7,180$0
40$265,122$24,206$0
40$99,033$5,627$0
40$79,729$11,814$0
40$103,433$13,129$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings35
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006826
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,616,164$42,911,872
Program service revenue
Program service revenue 1000000$000$0$37,850,747
Program service revenue 2000000$000$0$4,737,569
Program service revenue 3000000$000$0$323,556
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$415,081$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,274,847$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$926,236$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$96,779$12,709$0
$74,284$17,524$0
$72,665$18,945$0
$79,100$11,340$0
$74,457$11,120$0
Total number of other employees paid over $50,00097
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$23,711
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Franklin W Olin College Of Engineering IncOlin Way Mh314, Needham, MA 02492MA1998-09$1,397,497,296
2Swarthmore College500 College Ave, Swarthmore, PA 19081-1306PA1950-03$1,340,708,741
3Wellesley College106 Central Street, Wellesley, MA 02481-8203MA1946-04$761,881,340
4Trustees Of Grinnell College733 Broad St, Grinnell, IA 50112-2227IA1953-01$748,764,166
5Carroll University Inc100 N East Ave, Waukesha, WI 53186-3103WI1942-10$161,937,562
6Lawrence University Of Wisconsin, Northern Trust Co711 E Boldt Way, Appleton, WI 54911-5690WI1965-09$142,431,166
7St Norbert College Inc100 Grant St, De Pere, WI 54115-2002WI1946-03$111,782,940
8Concordia University Inc12800 N Lake Shore Dr, Mequon, WI 53097-2418WI1941-07$107,895,692
9Beloit College700 College St, Beloit, WI 53511-5509WI1941-10$102,714,808
10Viterbo College Inc, Viterbo University900 Viterbo Dr, La Crosse, WI 54601-8804WI1946-03$94,255,202
11Alverno CollegePO BOX 343922, Milwaukee, WI 53234-3922WI1946-03$72,514,550
12Lakeland CollegePO BOX 359, Sheboygan, WI 53082-0359WI1957-11$50,840,312
13Marian University Inc, Phi Sigma Kappa Marian University750 E Division St Box 508, Fond Du Lac, WI 54935WI1946-03$46,927,790
14Ripon College Board Of Trustees OfPO BOX 248, Ripon, WI 54971-0248WI1942-08$41,955,652
15Northland College1411 Ellis Ave, Ashland, WI 54806-3925WI1932-09$24,458,474
16Talladega College627 Battle St W, Talladega, AL 35160-2354AL1945-05$18,799,314
17Breakthrough Bible Institute College Inc4305 St Barnabas Rd 402 4305 St Barnabas Rd, Temple Hill, MD 20748MD2007-03$408,000
18Campbell Bible CollegePO BOX 12567, Charleston, SC 29422-2567SC2007-07$8,700
19Martin College11469 Olive Blvd Pmb 116, St Louis, MO 63141-7108MO1999-05$0
20Williams Baptist College60 W Fulbright Ave, Walnut Ridge, AR 72476-9000AR2002-06$0
Number of organizations performing similar types of work
Alabama8
Arkansas8
California16
Connecticut5
District of Columbia2
Florida11
Georgia13
Iowa15
Idaho2
Illinois21
Indiana16
Kansas8
Kentucky10
Louisiana2
Massachusetts28
Maryland7
Maine6
Michigan14
Minnesota9
Missouri11
Mississippi5
Montana2
North Carolina18
North Dakota2
Nebraska6
New Hampshire7
New Jersey8
New Mexico4
Nevada1
New York33
Ohio26
Oklahoma3
Oregon3
Pennsylvania36
Rhode Island1
South Carolina10
South Dakota4
Tennessee12
Texas9
Virginia12
Vermont5
Washington2
Wisconsin11
West Virginia6
International2
Total440
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateSaint Francis Hospital Inc6600 S Yale Ave, Tulsa, OK 74136-3347OK1946-03$3,970,090,877
SubordinateFranciscan Alliance Inc1515 W Dragoon Trl, Mishawaka, IN 46544-4710IN1946-03$2,596,912,525
SubordinatePeacehealth, Ketchikan Medical Center1115 Se 164th Ave Dept 332, Vancouver, WA 98683-8003WA1965-01$2,090,551,281
SubordinateOsf Healthcare System800 Ne Glen Oak Ave, Peoria, IL 61603-3200IL1946-03$1,896,415,307
SubordinateSt Elizabeth Medical Center Inc1 Medical Village Dr, Edgewood, KY 41017-3403KY1946-03$1,877,972,561
SubordinateProvidence Health System-Southern CaliforniaPO BOX 389672, Seattle, WA 98138-9672WA1946-03$1,724,724,506
SubordinateChristus Health919 Hidden Rdg, Irving, TX 75038-3813TX1946-03$1,654,479,614
SubordinateCatholic Health Initiatives198 Inverness Dr W, Englewood, CO 80112-5202CO1946-03$1,639,118,386
SubordinateCatholic Health Initiatives Colorado, St Anthony North Hospital3025 S Parker Road Suite 510, Aurora, CO 80014-2911CO1946-03$1,621,612,108
SubordinateSt Vincent Hospital & Health Care2001 W 86th St, Indianapolis, IN 46260-1991IN1946-03$1,327,567,131
SubordinateCatholic Healthcare West Southern CaliforniaPO BOX 1507, San Gabriel, CA 91778-1507CA1946-03$1,248,417,601
SubordinateProvidence Medical Research Center101 W 8th Ave, Spokane, WA 99204-2307WA1946-03$1,231,839,049
SubordinateFranciscan Health System1717 S J St, Tacoma, WA 98405-4933WA1946-03$1,205,494,228
SubordinateMount Carmel Health System6150 E Broad St, Columbus, OH 43213-1574OH1946-03$1,198,797,166
SubordinateSsm St Clare Health Center10101 Woodfield Lane, St Louis, MO 63132-2937MO1946-03$1,179,575,580
SubordinateUniversity Of Dayton, Phi Sigma Rho337 Stonemill Road, Dayton, OH 45409OH1976-07$1,170,175,935
SubordinateMercy Hospitals East Communities, Mercy Hospital St Louis645 Maryville Centre Dr Ste 100, Saint Louis, MO 63141-5846MO1946-03$1,107,258,738
SubordinatePresence Hospitals Prv9223 W Saint Francis Rd, Frankfort, IL 60423-8330IL1946-03$1,104,334,849
SubordinateMercy Hospital Springfield645 Maryville Centre Dr Ste 100, Saint Louis, MO 63141-5846MO1946-03$965,658,386
SubordinateSt Francis Hospital United States Catholic Conference100 Port Washington Blvd, Roslyn, NY 11576-1347NY1946-03$949,972,252
Number of affiliated organizations
Alaska87
Alabama75
Arkansas52
Arizona235
California1,063
Colorado200
Connecticut195
District of Columbia121
Delaware35
Florida465
Georgia158
Hawaii41
Iowa402
Idaho30
Illinois817
Indiana365
Kansas230
Kentucky119
Louisiana416
Massachusetts600
Maryland399
Maine72
Michigan426
Minnesota309
Missouri520
Mississippi60
Montana57
North Carolina98
North Dakota148
Nebraska299
New Hampshire97
New Jersey457
New Mexico121
Nevada55
New York1,371
Ohio598
Oklahoma90
Oregon141
Pennsylvania860
Rhode Island94
South Carolina43
South Dakota112
Tennessee80
Texas852
Utah18
Virginia137
Vermont62
Washington195
Wisconsin621
West Virginia92
Wyoming19
International36
Total14,245

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