What is the EIN of ALVERNIA UNIVERSITY?

The employer identification number (EIN) of ALVERNIA UNIVERSITY is 23-1522643.

Is ALVERNIA UNIVERSITY tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.

When is the next return of ALVERNIA UNIVERSITY due?

The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did ALVERNIA UNIVERSITY last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of ALVERNIA UNIVERSITY?

The 990 for the year ended June 30, 2025 names JOHN MCCLOSKEY.

Who are the officers and directors of ALVERNIA UNIVERSITY?

The 990 for the year ended June 30, 2025 lists 56 people; 20 received compensation from the organization, the highest $465,442 (GLYNIS FITZGERALD, PRESIDENT).

How much revenue does ALVERNIA UNIVERSITY have?

On its 990 for the year ended June 30, 2025 it reported revenue of $120,653,139, expenses of $116,621,137 and total assets of $227,647,098 at year end.

Nonprofit · EIN 23-1522643

ALVERNIA UNIVERSITY

Also known as Upsilon Zeta Chapter 460 Nursing Honor Society

Tax-exempt · READING, PA 19607

Financials

Revenue Expenses · by fiscal year end

Financials of ALVERNIA UNIVERSITY by year, from its e-filed returns
Year ended	Form	Revenue	Expenses	Net income	Total assets	Liabilities	Net assets
June 30, 2025	990	$120,653,139	$116,621,137	$4,032,002	$227,647,098	$107,706,329	$119,940,769
June 30, 2024	990	$109,201,504	$109,326,332	-$124,828	$228,119,350	$113,251,984	$114,867,366
June 30, 2023	990	$110,643,942	$104,747,650	$5,896,292	$219,365,146	$107,305,185	$112,059,961

Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants: $15,723,864
of which government grants: $11,976,331
Program service revenue: $101,933,423
Investment income: $2,312,975
Net rental income: $91,440
Net gain from sales of assets: $1,407,985
Other revenue: $682,877

Expenses

Grants and similar amounts paid: $38,833,082
Compensation of officers, directors and key employees: $3,138,798
Other salaries and wages: $25,813,819
Salaries, compensation and benefits (total): $38,174,447
Professional fundraising fees: $0
Legal fees: $140,745
Accounting fees: $66,970
Occupancy: $3,703,391
Travel: $809,559
Depreciation: $7,430,946
Program services (functional): $98,789,649
Management and general (functional): $16,014,030
Fundraising (functional): $1,817,458

Balance sheet and other

Total assets, start of year: $228,119,350
Total assets, end of year: $227,647,098
Total liabilities, end of year: $107,706,329
Net assets, end of year: $119,940,769
Land, buildings and equipment: $176,189,591
Publicly traded securities: $22,316,116
Net assets without donor restrictions: $82,462,121
Net assets with donor restrictions: $37,478,648
Gross unrelated business income: $227,448
Gross receipts: $135,566,389
Employees: 1,364
Volunteers: 50
Year formed: 1958
State of legal domicile: PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

Name	Title	Hours / week	Compensation	Other / benefits
GLYNIS FITZGERALD	PRESIDENT Trustee or director, Officer	40	$465,442	$60,655
JOHN MCCLOSKEY	SVP, COO, SECRETARY Trustee or director, Officer	40	$279,615	$43,612
LEAMOR KAHANOV	SVP, PROVOST Officer	40	$229,490	$35,912
MARY-ALICE OZECHOSKI	SVP, ENROLLMENT MGMT & STUDENT AFFAIRS Former	40	$236,479	$16,430
JOHN LOYACK	CONSULTING EXECUTIVE DIRECTOR Former	40	$232,631	$17,081
RODNEY RIDLEY	VP, CHIEF OPERATIONS OFFICER Officer	40	$199,251	$39,377
THOMAS MINICK	VP, ADVANCEMENT & GOVERNMENT Officer	40	$208,109	$26,438
PATRICIA REGER	DEAN, COLLEGE OF HEALTH SCIENCES Key employee	40	$170,338	$37,424
ADAM WASZKIEWICZ	VP, BUSINESS AFFAIRS Officer	40	$179,109	$25,533
TRAVIS BERGER	DEAN, BUSINESS COMM. & LEADERSHIP Key employee	40	$157,567	$31,949
GAETAN GIANNINI	VP, GRADUATE & ADULT EDUCATION Officer	40	$165,981	$23,348
DAVID SHOUP	DEAN, COLLEGE OF STEM Key employee	40	$163,947	$23,214
ELIZABETH MATTEO	DEAN, COLLEGE OF HUMANITIES & SOCIAL SERVICES Key employee	40	$152,321	$31,670
DARRYL MACE	VP, MISSION DIVERSITY & INCLUSION Former	40	$146,055	$31,132
RENEE LANGSTAFF	DIRECTOR OF PHYSICIAN ASSISTANT PROG Highest-paid employee	40	$153,614	$22,783

41 more people on this return

Name	Title	Hours / week	Compensation	Other / benefits
MARY ELLEN WELLS	ASSOCIATE PROVOST Highest-paid employee	40	$149,899	$11,452
WILLIAM STILES	AVP, ATHLETICS Former	40	$124,581	$33,977
MEGGAN HANNIGAN	AVP, INSTITUTIONAL ADVANCEMENT Highest-paid employee	40	$121,386	$29,354
TUFAN TIGLIOGLU	PROFESSOR Highest-paid employee	40	$132,790	$16,617
ADELLE SCHADE	VP, INNOVATION VENTURES Officer	40	$114,230	$13,726
GREGORY J SHEMANSKI	CHAIR Trustee or director, Officer	1	$0	$0
MICHAEL DUFF	VICE CHAIR Trustee or director, Officer	1	$0	$0
JOHN M ARNOLD JR	TRUSTEE Trustee or director	1	$0	$0
CHARLES BARBERA MD	TRUSTEE Trustee or director	1	$0	$0
PAULA BARRETT CPA	TRUSTEE Trustee or director	1	$0	$0
MICHAEL J CARON	TRUSTEE Trustee or director	1	$0	$0
KEVIN P DEACOSTA	TRUSTEE Trustee or director	1	$0	$0
SR ANN DEGUISE	TRUSTEE Trustee or director	1	$0	$0
RICHARD EHST	TRUSTEE Trustee or director	1	$0	$0
MICHAEL FROMM	TRUSTEE Trustee or director	1	$0	$0
JOHN H GALLEN JR	TRUSTEE Trustee or director	1	$0	$0
JANE GATES PHD	TRUSTEE Trustee or director	1	$0	$0
PATRICIA C GILES	TRUSTEE Trustee or director	1	$0	$0
SR MADONNA MARIE HARVATH OSF	TRUSTEE Trustee or director	1	$0	$0
ELLEN HUYETT	TRUSTEE Trustee or director	1	$0	$0
STEVEN M KOONS CPA	TRUSTEE Trustee or director	1	$0	$0
GINGER KUNKEL	TRUSTEE Trustee or director	1	$0	$0
DANIEL LANGDON	TRUSTEE Trustee or director	1	$0	$0
SR SANDRA LYONS	TRUSTEE Trustee or director	1	$0	$0
RACHEL MAHER DMD	TRUSTEE Trustee or director	1	$0	$0
SR DAVID ANN NISKI	TRUSTEE Trustee or director	1	$0	$0
DAVID W PATTI	TRUSTEE Trustee or director	1	$0	$0
KAREN PIRAINO	TRUSTEE Trustee or director	1	$0	$0
SR JOHN ANN PROACH	TRUSTEE Trustee or director	1	$0	$0
JEFFREY RUSH	TRUSTEE Trustee or director	1	$0	$0
PETER RYE	TRUSTEE Trustee or director	1	$0	$0
JEANNIE SAVAGE	TRUSTEE Trustee or director	1	$0	$0
BARRY SCHLOUCH	TRUSTEE Trustee or director	1	$0	$0
LUCINE SIHELNIK	TRUSTEE Trustee or director	1	$0	$0
SR MARY SNINSKY	TRUSTEE Trustee or director	1	$0	$0
DOUGLAS TIEMAN	TRUSTEE Trustee or director	1	$0	$0
SR MARY JOSEPH TIRPAK	TRUSTEE Trustee or director	1	$0	$0
MICHAEL TOBASH	TRUSTEE Trustee or director	1	$0	$0
PAUL F TRUNK	TRUSTEE Trustee or director	1	$0	$0
DAVID TURNER	TRUSTEE Trustee or director	1	$0	$0
PATRICK WITMER MPA	TRUSTEE Trustee or director	1	$0	$0

990 for the year ended June 30, 2024: 54 people

Name	Title	Hours / week	Compensation	Other / benefits
JOHN LOYACK	CONSULTING EXECUTIVE DIRECTOR Former	40	$591,123	$40,626
GLYNIS FITZGERALD	PRESIDENT AS OF JULY Trustee or director, Officer	40	$369,682	$44,876
JOHN MCCLOSKEY	SVP, COO, SECRETARY Trustee or director, Officer	40	$240,132	$37,882
MARY-ALICE OZECHOSKI	SVP, ENROLLMENT MGMT & STUDENT AFFAIRS Officer	40	$234,505	$17,957
RODNEY RIDLEY	VP, CHIEF OPERATIONS OFFICE Officer	40	$206,173	$35,005
THOMAS MINICK	VP, ADVANCEMENT & GOVERNMENT Officer	40	$202,759	$24,855
PATRICIA REGER	DEAN, COLLEGE OF HEALTH SCIENCES Key employee	40	$164,619	$31,979
ADAM WASZKIEWICZ	VP, BUSINESS AFFAIRS Officer	40	$168,399	$22,695
GAETAN GIANNINI	VP, GRADUATE & ADULT EDUCATION Officer	40	$167,543	$22,286
TRAVIS BERGER	DEAN, BUSINESS COMM. & LEADERSHIP Key employee	40	$157,908	$31,448
DARRYL MACE	VP, MISSION DIVERSITY & INCLUSION Officer	40	$152,703	$30,269
MARY ELLEN WELLS	ASSOCIATE PROVOST Highest-paid employee	40	$150,615	$32,346
ELIZABETH MATTEO	DEAN, COLLEGE OF HUMANITIES & SOCIAL SERVICES Key employee	40	$150,004	$28,442
RENEE LANGSTAFF	DIRECTOR OF PHYSICIAN ASSISTANT PROGAM Highest-paid employee	40	$155,416	$21,451
CHRISTOPHER WISE	PROFESSOR Highest-paid employee	40	$125,890	$25,049
JOSEPH MICHAEL MAHONEY	ASSOCIATE PROFESSOR Highest-paid employee	40	$128,886	$18,720
TUFAN TIGLIOGLU	PROFESSOR Highest-paid employee	40	$127,876	$18,206
LEAMOR KAHANOV	SVP, PROVOST AS OF AUG Officer	40	$86,834	$15,661
GREGORY J SHEMANSKI	CHAIR Trustee or director, Officer	1	$0	$0
MICHAEL DUFF	VICE CHAIR Trustee or director, Officer	1	$0	$0
JOHN M ARNOLD JR	TRUSTEE Trustee or director	1	$0	$0
CHARLES BARBERA MD	TRUSTEE AS OF JUNE Trustee or director	1	$0	$0
PAULA BARRETT CPA	TRUSTEE Trustee or director	1	$0	$0
MICHAEL J CARON	TRUSTEE Trustee or director	1	$0	$0
KEVIN P DEACOSTA	TRUSTEE Trustee or director	1	$0	$0
RICHARD EHST	TRUSTEE Trustee or director	1	$0	$0
MICHAEL FROMM	TRUSTEE Trustee or director	1	$0	$0
JOHN H GALLEN JR	TRUSTEE Trustee or director	1	$0	$0
JANE GATES PHD	TRUSTEE AS OF JUNE Trustee or director	1	$0	$0
PATRICIA C GILES	TRUSTEE Trustee or director	1	$0	$0
SR MADONNA MARIE HARVATH OSF	TRUSTEE Trustee or director	1	$0	$0
ELLEN HUYETT	TRUSTEE Trustee or director	1	$0	$0
STEVEN M KOONS CPA	TRUSTEE Trustee or director	1	$0	$0
GINGER KUNKEL	TRUSTEE Trustee or director	1	$0	$0
DANIEL LANGDON	TRUSTEE Trustee or director	1	$0	$0
SR SANDRA LYONS	TRUSTEE Trustee or director	1	$0	$0
RACHEL MAHER DMD	TRUSTEE Trustee or director	1	$0	$0
STEPHEN NAJARIAN	TRUSTEE Trustee or director	1	$0	$0
SR DAVID ANN NISKI	TRUSTEE Trustee or director	1	$0	$0
DAVID W PATTI	TRUSTEE Trustee or director	1	$0	$0
SR JOHN ANN PROACH	TRUSTEE Trustee or director	1	$0	$0
JEFFREY RUSH	TRUSTEE Trustee or director	1	$0	$0
PETER RYE	TRUSTEE Trustee or director	1	$0	$0
JEANNE SAVAGE	TRUSTEE Trustee or director	1	$0	$0
BARRY SCHLOUCH	TRUSTEE Trustee or director	1	$0	$0
LUCINE SIHELNIK	TRUSTEE Trustee or director	1	$0	$0
SR MARY SNINSKY	TRUSTEE Trustee or director	1	$0	$0
DOUGLAS TIEMAN	TRUSTEE Trustee or director	1	$0	$0
SR MARY JOSEPH TIRPAK	TRUSTEE Trustee or director	1	$0	$0
MICHAEL TOBASH	TRUSTEE Trustee or director	1	$0	$0
PAUL F TRUNK	TRUSTEE Trustee or director	1	$0	$0
DAVID TURNER	TRUSTEE Trustee or director	1	$0	$0
JOHN WEIDENHAMMER	TRUSTEE Trustee or director	1	$0	$0
PATRICK WITMER MPA	TRUSTEE AS OF JUNE Trustee or director	1	$0	$0

990 for the year ended June 30, 2023: 51 people

Name	Title	Hours / week	Compensation	Other / benefits
JOHN LOYACK	PRESIDENT THROUGH JUNE Trustee or director, Officer	40	$556,092	$73,537
JOHN MCCLOSKEY	SVP, COO, SECRETARY Trustee or director, Officer	40	$234,590	$36,527
GLYNIS FITZGERALD	PRESIDENT ELECT Officer	40	$234,699	$34,420
MARY-ALICE OZECHOSKI	SVP, ENROLLMENT MGMT & STUDENT AFFAIRS Officer	40	$215,635	$33,918
RODNEY RIDLEY	VP, CHIEF OPERATIONS OFFICER Officer	40	$194,513	$33,401
THOMAS MINICK	VP, INSTITUTIONAL ADVANCEMENT Officer	40	$184,841	$23,033
TRAVIS BERGER	DEAN, BUSINESS COMM. & LEADERSHIP Key employee	40	$156,303	$40,421
ELIZABETH MATTEO	DEAN, COLLEGE OF HUMANITIES Key employee	40	$151,058	$40,199
LARRY SHAUB	INTERIM CFO 9/22; SENIOR FINANCIAL ANALYST 12/22 Former	40	$139,133	$43,593
ROBERT IANNELLI	FORMER CIO THROUGH FEB Former	40	$145,725	$26,231
DARRYL MACE	VP, MISSION DIVERSITY & INCLUSION Officer	40	$140,943	$21,100
MARY ELLEN WELLS	ASSOCIATE PROVOST Highest-paid employee	40	$139,210	$15,736
THOMAS PORRAZZO	ASSOCIATE PROFESSOR Highest-paid employee	40	$123,688	$25,681
CHRISTOPHER WISE	PROFESSOR Highest-paid employee	40	$123,705	$24,846
TUFAN TIGLIOGLU	PROFESSOR Highest-paid employee	40	$126,248	$19,037
MEGGAN KERBER	ASSOCIATE VP INSTITUTIONAL ADVANCEMENT Highest-paid employee	40	$117,826	$24,234
ADAM WASZKIEWICZ	VP, BUSINESS AFFAIRS Officer	40	$96,580	$13,481
GAETAN GIANNINI	VP, GRADUATE & ADULT EDUCATION Officer	40	$67,667	$8,765
GREGORY J SHEMANSKI	CHAIR Trustee or director, Officer	1	$0	$0
MICHAEL DUFF	VICE CHAIR Trustee or director, Officer	1	$0	$0
JOHN M ARNOLD JR	TRUSTEE Trustee or director	1	$0	$0
PAULA BARRETT CPA	TRUSTEE Trustee or director	1	$0	$0
MICHAEL J CARON	TRUSTEE Trustee or director	1	$0	$0
KEVIN P DEACOSTA	TRUSTEE Trustee or director	1	$0	$0
RICHARD EHST	TRUSTEE Trustee or director	1	$0	$0
MICHAEL FROMM	TRUSTEE Trustee or director	1	$0	$0
JOHN H GALLEN JR	TRUSTEE Trustee or director	1	$0	$0
PATRICIA C GILES	TRUSTEE Trustee or director	1	$0	$0
SR MADONNA MARIE HARVATH OSF	TRUSTEE Trustee or director	1	$0	$0
ELLEN HUYETT	TRUSTEE Trustee or director	1	$0	$0
STEVEN M KOONS CPA	TRUSTEE Trustee or director	1	$0	$0
GINGER KUNKEL	TRUSTEE AS OF JUNE Trustee or director	1	$0	$0
DANIEL LANGDON	TRUSTEE Trustee or director	1	$0	$0
SR SANDRA LYONS	TRUSTEE Trustee or director	1	$0	$0
RACHEL MAHER DMD	TRUSTEE Trustee or director	1	$0	$0
STEPHEN NAJARIAN	TRUSTEE Trustee or director	1	$0	$0
SR DAVID ANN NISKI	TRUSTEE Trustee or director	1	$0	$0
DAVID W PATTI	TRUSTEE Trustee or director	1	$0	$0
SR JOHN ANN PROACH	TRUSTEE Trustee or director	1	$0	$0
JEFFREY RUSH	TRUSTEE Trustee or director	1	$0	$0
PETER RYE	TRUSTEE Trustee or director	1	$0	$0
JEANNE SAVAGE	TRUSTEE Trustee or director	1	$0	$0
BARRY SCHLOUCH	TRUSTEE Trustee or director	1	$0	$0
LUCINE SIHELNIK	TRUSTEE Trustee or director	1	$0	$0
SR MARY SNINSKY	TRUSTEE Trustee or director	1	$0	$0
DOUGLAS TIEMAN	TRUSTEE Trustee or director	1	$0	$0
MICHAEL TOBASH	TRUSTEE Trustee or director	1	$0	$0
PAUL F TRUNK	TRUSTEE Trustee or director	1	$0	$0
SR MARY JOSEPH TIRPAK	TRUSTEE Trustee or director	1	$0	$0
DAVID TURNER	TRUSTEE Trustee or director	1	$0	$0
JOHN WEIDENHAMMER	TRUSTEE Trustee or director	1	$0	$0

Address and contacts

Address (IRS master file): 400 SAINT BERNARDINE ST, READING, PA 19607-1737
Mailing address (990-N for 2007): 421 Saint Bernardine Street, Nursing, Reading PA 19608
Principal officer (990 for 2024): JOHN MCCLOSKEY, 400 SAINT BERNARDINE STREET, READING, PA 19607
Principal officer (990-N for 2007): Donna Agnew, 421 Saint Bernardine Street, NRC, Reading PA 19608
Signed the 990: JOHN MCCLOSKEY, SENIOR VP AND COO
Phone: (610) 796-5600
Website: WWW.ALVERNIA.EDU
Return prepared by: CHERRY BEKAERT ADVISORY LLC

Mission

ALVERNIA UNIVERSITY IS A CATHOLIC COMPREHENSIVE UNIVERSITY WITH A LIBERAL ARTS FOUNDATION FOUNDED BY THE BERNARDINE FRANCISCAN SISTERS IN 1958. SEE CONTINUATION ON SCHEDULE O.
990 for the year ended June 30, 2025

Program accomplishments

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.
Expenses $98,789,649 · grants $38,833,082 · revenue $101,943,619

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax year	Year ended	Due	IRS public records
2025	June 30, 2026	November 16, 2026	Not due yet
2024	June 30, 2025	November 17, 2025	990 on file
2023	June 30, 2024	November 15, 2024	990 on file

IRS record

EIN: 23-1522643
Tax-exempt status: 501(c)(3): Charitable, religious, educational or scientific organization
Foundation status: School
Exempt since: 1946
Accounting year ends: June
Files: Form 990 or 990-EZ
Group exemption: 0928: UNITED STATES CATHOLIC CONFERENCE
Assets (IRS master file): $227,647,098
Income (IRS master file): $135,566,389

Filing history

Form	Year ended	Revenue	Expenses	Assets	Return
990	June 2025	$120,653,139	$116,621,137	$227,647,098	XML
990-T	June 2025	–	–	–	IRS
990	June 2024	$109,201,504	$109,326,332	$228,119,350	IRS
990-T	June 2024	–	–	–	IRS
990	June 2023	$110,643,942	$104,747,650	$219,365,146	XML
990-T	June 2023	–	–	–	IRS
990	June 2022	$111,427,608	$96,409,408	$194,339,398	IRS
990-T	June 2022	–	–	–	IRS
990	June 2021	–	–	–	IRS
990-T	June 2021	–	–	–	IRS
990	June 2020	–	–	–	IRS
990	June 2019	–	–	–	IRS
990	June 2018	–	–	–	IRS
990-N for 2007 Officer: Donna Agnew	June 30, 2008	≤ $50,000 receipts	–	–	e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1522643).

Questions about ALVERNIA UNIVERSITY

What is the EIN of ALVERNIA UNIVERSITY?: The employer identification number (EIN) of ALVERNIA UNIVERSITY is 23-1522643.
Is ALVERNIA UNIVERSITY tax-exempt?: Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does ALVERNIA UNIVERSITY file?: Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALVERNIA UNIVERSITY due?: The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALVERNIA UNIVERSITY last file with the IRS?: The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ALVERNIA UNIVERSITY?: The 990 for the year ended June 30, 2025 names JOHN MCCLOSKEY.
Who are the officers and directors of ALVERNIA UNIVERSITY?: The 990 for the year ended June 30, 2025 lists 56 people; 20 received compensation from the organization, the highest $465,442 (GLYNIS FITZGERALD, PRESIDENT).
How much revenue does ALVERNIA UNIVERSITY have?: On its 990 for the year ended June 30, 2025 it reported revenue of $120,653,139, expenses of $116,621,137 and total assets of $227,647,098 at year end.