Alvernia University

Organization Overview

Alvernia University is located in Reading, PA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Alvernia University employed 1,364 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alvernia University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Alvernia University generated $90.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $89.5m during the year ending 06/2020. While expenses have increased by 3.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

A FAST GROWING FRANCISCAN UNIVERSITY GROUNDED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

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. APPROXIMATELY 33% OF THE FULL-TIME UNDERGRADUATE STUDENTS COME FROM BERKS COUNTY, PA, 43% FROM OTHER PENNSYLVANIA AREAS, AND 24% FROM OTHER STATES AND COUNTRIES.


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. APPROXIMATELY 33% OF THE FULL-TIME UNDERGRADUATE STUDENTS COME FROM BERKS COUNTY, PA, 43% FROM OTHER PENNSYLVANIA AREAS, AND 24% FROM OTHER STATES AND COUNTRIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aladdin
Food Services
$2,475,797
Warfel Construction Co
Construction
$7,951,107
Wiley Education Services
Education Services
$1,081,054
Education Advisory Board
Education Services
$709,343
Edwards Landscape & Nursery
Grounds Services
$679,921
Warfel Construction Co
Construction
$7,951,107
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$5,938,043
Investment income $808,166
Tax Exempt Bond Proceeds $758
Royalties $0
Net Rental Income $12,479
Net Gain/Loss on Asset Sales $295,836
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $90,031,322

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Alvernia University has recieved totaling $1,812,289.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$1,621,650
United Way Of Berks County

Reading, PA

PURPOSE: ONE-TIME GRANT: OAKBROOK PHYSICAL THERAPY CLINIC

$40,000
Pennsylvania 30 Day Fund Inc

Philadelphia, PA

PURPOSE: OPAKE INSTITUTE'S STUDENT POWERED BUSINESS INCUBATOR PROGRAM

$21,000
Henry Janssen Foundation

Wyomissing, PA

PURPOSE: READING COLLEGIATE SCHOLARS

$20,000
Berks Alliance Llc

Reading, PA

PURPOSE: WORK STUDY PROGRAM

$16,713
Usa Triathlon Foundation

Colorado Springs, CO

PURPOSE: See Part IV

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,243,426
Earnings$5,524,884
Net Contributions$2,701
Grants$499,270
Ending Balance$22,271,741

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
University Of Dayton
Dayton, OH
$747,930,230
Villanova University
Villanova, PA
$872,271,471
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Rockefeller University
New York, NY
$535,346,959
Lehigh University
Bethlehem, PA
$713,288,867
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$606,887,297
American University Of Beirut
New York, NY
$608,300,843
Seton Hall University
South Orange, NJ
$473,034,000

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