Overview
What is Alvernia University?
Alvernia University is a Catholic comprehensive institution of higher learning, established by the Bernardine Franciscan Sisters in 1958. With a rich history and a liberal arts foundation, this nonprofit based in Reading, Pennsylvania (19607), provides education, training, and spiritual guidance to around 3,000 students, including undergraduates, graduates, and PhD candidates. The university extends its power to grant Bachelor of Arts, Bachelor of Science, and other degrees approved by the Commonwealth of Pennsylvania's Department of Education. Alvernia University boasts a workforce of more than 1,200 employees dedicated to nurturing the intellectual, personal, and professional growth of its diverse student population.
Official website here: www.alvernia.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Alvernia University has achieved a commendable Four-Star rating on Charity Navigator, primarily reflecting its strong performance in accountability and finance. The organization scored an impressive 96% in this category, indicating a high level of transparency and effective financial management. Key strengths include a fully independent board, robust financial oversight, and a commitment to ethical governance practices.
The university's independent board members constitute 94% of its governance structure, which enhances its accountability. Additionally, the financial statements are subject to regular audits, and there is no indication of material diversion of assets, underscoring the organization's integrity. With a program expense ratio of 83.59%, Alvernia demonstrates a commitment to utilizing the majority of its funds for its core programs and services.
While the rating highlights the strengths of Alvernia University, there are no noted limitations or concerns in the provided data. This solid performance in financial health and governance suggests that the organization is well-positioned to achieve its mission effectively while maintaining the trust of its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Alvernia University legitimate?
Alvernia University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alvernia University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,191,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,219,838
For more financial information, click here
Official website here: www.alvernia.edu
What is the mission statement of Alvernia University?
Alvernia University is a Catholic comprehensive institution with a liberal arts foundation, established by the Bernardine Franciscan Sisters in 1958. This university aims to educate, train, and spiritually guide men and women, granting Bachelor of Arts and Bachelor of Science degrees, as well as other approved and authorized degrees, upon completion of required courses. With approximately 3,000 students, including undergraduates, graduates, and PhD candidates, Alvernia University's mission is to confer degrees and provide higher education to its students.
Official website here: www.alvernia.edu
What is the revenue of Alvernia University?
Alvernia University's revenue in 2023 was $110,643,942.
Official website here: www.alvernia.edu
Who are the executives of Alvernia University and what are their salaries?
The average compensation at Alvernia University during 2023 was $18,560. There are 1423 employees and 50 volunteers at Alvernia University.
Here are 51 key members and their salaries:
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- Other: $43,593
Official website here: www.alvernia.edu
Where can I find the form 990 for Alvernia University?
Alvernia University's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alvernia.edu
Learn more at the official website: www.alvernia.edu
Mission Statement of Alvernia University
Alvernia University, a Catholic comprehensive institution founded by the Bernardine Franciscan Sisters in 1958, is dedicated to educating, training, and spiritually guiding men and women. This liberal arts university, home to approximately 3,000 students, holds the power to confer bachelor's degrees in arts and sciences, as well as other authorized degrees. Alvernia's mission extends beyond academics, focusing on the overall development of its students. By providing a nurturing environment, the university empowers its students to grow both intellectually and personally.
At Alvernia University, the pursuit of knowledge and wisdom is encouraged, strengthened by the values instilled by the Bernardine Franciscan Sisters. The university's commitment to its students extends beyond the classroom, offering them the opportunity to engage in meaningful experiences that foster personal growth and character development. Alvernia University's dedication to its students is reflected in its comprehensive approach to education, ensuring that each student receives a well-rounded education that prepares them for the future.
In summary, Alvernia University is a Catholic comprehensive institution that provides a liberal arts education and spiritual guidance to its students. Founded by the Bernardine Franciscan Sisters, the university's mission is to educate, train, and spiritually guide men and women, offering them the opportunity to earn bachelor's degrees in arts and sciences and other approved degrees. Alvernia University's commitment to its students goes beyond the classroom, fostering personal growth and character development to help them thrive in their academic journey and beyond.
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Impact
October, 2024
Alvernia University plays a significant role in shaping the educational landscape and community in Reading, Pennsylvania. Established by the Bernardine Franciscan Sisters in 1958, it upholds a mission centered on providing comprehensive education rooted in liberal arts principles. Serving approximately 3,000 students, the university fosters a diverse learning environment that includes undergraduate, graduate, and PhD programs.
The university's commitment to holistic education encompasses not just academic excellence, but also the spiritual and ethical development of its students. By offering degrees in various fields, Alvernia prepares its graduates to contribute meaningfully to society, emphasizing the importance of critical thinking and social responsibility.
Through its focus on education, training, and spiritual guidance, Alvernia University significantly impacts both its students and the wider community, empowering individuals to reach their potential and make informed, compassionate choices in their personal and professional lives.
This information is meant to be a general summary of Alvernia University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $851,670
- Program Service Revenue: $91,907,960
- Gross Receipts: $119,267,955
Assets and Liabilities:
- Total Assets: $194,339,398
- Total Liabilities: $90,260,646
- Net Assets: $104,078,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$78,543,490
AUXILIARY ENTERPRISES
Revenue
$13,364,470
Organization Details
Founding Year
1958
Principal Officer
John Mccloskey
Website
www.alvernia.eduNTEE Category
Code: B42 - Education
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