Alverno College
Alverno College reported $49.4 million in revenue and $44.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.34 went to program services, $8.88 to management and general costs and $1.78 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 62.7% of the total. The highest compensation it reported for one person was $331,835 (PRESIDENT). 5 people received more than $100,000 in reportable compensation. Revenue rose 2% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $45MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $49MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 32.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 62.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $331,835 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.74% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseUndergraduate and graduate education: more than 60 undergraduate degree programs offered for traditional full-time students and through adult degree completion programs in two academic colleges the joann mcgrath school of nursing and health professions and the school of liberal arts and professional studies. Graduate degrees are also offered through these academic colleges including master of arts in education, master of science in school and community psychology, master of science in nursing, doctor of nursing, and doctor of education
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $304,346 | $0 | $27,489 | $331,835 |
| INTERIM VP OF ACADEMIC AFFAIRS Officer, 40.00 hrs/week | $159,213 | $0 | $20,871 | $180,084 |
| DEAN - SCHOOL OF NURSING Highest compensated employee, 40.00 hrs/week | $135,757 | $0 | $12,699 | $148,456 |
| PROFESSOR - GRADUATE PROGRAM Highest compensated employee, 40.00 hrs/week | $118,610 | $0 | $2,439 | $121,049 |
| VP OF STUDENT DEVELOPMENT & SUCCESS Officer, 40.00 hrs/week | $95,389 | $0 | $22,246 | $117,635 |
| PROFESSOR Highest compensated employee, 40.00 hrs/week | $107,261 | $0 | $2,453 | $109,714 |
| CFO (TERM 07/2024) Officer, 40.00 hrs/week | $92,255 | $0 | $16,157 | $108,412 |
| VP OF ENROLLMENT & MARKETING Officer, 40.00 hrs/week | $87,123 | $0 | $3,207 | $90,330 |
5 people received more than $100,000 in reportable compensation from Alverno College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5761
- Volunteers Part I, line 6157
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SYNERGIS EDUCATION LLC Online program partner | $5,173,401 |
| ELLUCIAN COMPANY LP Erp software/consulting | $3,091,418 |
| ELIOR INC Food services | $1,189,441 |
| 4M BUILDING SOLUTIONS LLC Janitorial | $1,143,976 |
| EAB GLOBAL INC Software | $647,934 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to Alverno College totaling $159K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Alverno College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Alverno College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Alverno College spent in FY2025, $89.34 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Parish Episcopal SchoolDallas, TX · revenue $49M · programs 87.4% · FY2025
- Star Sports Theatre Arts & RecreationCulver City, CA · revenue $50M · programs 82.0% · FY2025
- Foundation for Advanced Education in the SciencesBethesda, MD · revenue $49M · programs 97.9% · FY2025
- Dallas Seminary FoundationDallas, TX · revenue $50M · programs 92.4% · FY2025
- AdventHealth UniversityOrlando, FL · revenue $49M · programs 91.7% · 2024
Questions people ask
How much of Alverno College's spending goes to programs?
In the fiscal year ending June 30, 2025, Alverno College reported that 89.3% of its $44.6 million in expenses went to program services, 8.9% to management and general and 1.8% to fundraising (Form 990, Part IX).
How much does Alverno College pay its top executive?
The largest total compensation Alverno College reported for one person in the fiscal year ending June 30, 2025 was $331,835, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Alverno College get its money?
Of $49.4 million in revenue in the fiscal year ending June 30, 2025, 32.8% came from contributions and grants (including 3.8% from government grants) and 62.7% from program service revenue (Form 990, Part VIII).
Is Alverno College a registered charity?
The IRS lists EIN 39-0806263 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631269349301613 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349307167 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349302136 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349305044 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201319349304105 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141379349308434 · read the filing
All filings for EIN 39-0806263: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.