Concordia University Inc
- Assets
- $163.9m
- Revenue
- $168.5m
- Investments
- $0.0
- Employees
- 2,877
- Location
- Mequon, WI
- Founding
- Data as of
- 06/2021
- EIN
- 39-0833608
Organization Overview
Concordia University Inc is located in Mequon, WI. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Concordia University Inc employed 2,877 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Concordia University Inc 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 06/2021, Concordia University Inc generated $168.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $170.6m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY EDUCATION - CONCORDIA UNIVERSITY INC. IS A LUTHERAN HIGHER EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT FOR SERVICE TO CHRIST IN THE CHURCH AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST SECONDARY EDUCATION GENERAL/OTHER: 4857 STUDENTS IN UNDERGRADUATE CLASSES, 3273 STUDENTS IN GRADUATE CLASSES, 1840 STUDENTS WERE GRADUATED IN THE 2020-2021 SCHOOL YEAR. THE UNIVERSITY HAS 85 BACHELOR MAJORS AND 82 MINORS, 49 MASTERS PROGRAMS, AND SIX DOCTORAL PROGRAMS.
STUDENT FINANCIAL AID PROGRAMS: FINANCIAL AID TO STUDENTS INCLUDING SCHOLARSHIPS, REMITTED TUITION, AND STIPENDS FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Prochnow Exec VP & COO | Officer | 40 | $234,128 |
Dr Michael Brown Pharmacy Professor | 40 | $179,316 | |
Patrick T Ferry President | Officer | 40 | $167,767 |
Dr Daniel Sem Dean Of School Of Business | 40 | $165,135 | |
Gretchen Jameson Vice President | 40 | $162,210 | |
Dr Ernie Stremski Pharmacy Professor | 40 | $161,905 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Midwest Fiber Networks Cabling Installation | 6/29/21 | $330,417 |
Dell Marketing Computers | 6/29/21 | $428,187 |
Timelymd Medical Services | 6/29/21 | $149,276 |
Mayer Helminiak Architects Architectural Services | 6/29/21 | $132,195 |
Good Karma Brands Milw Advertising | 6/29/21 | $124,672 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,940,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,940,782 |
| Total Program Service Revenue | $159,644,465 |
| Investment income | $57,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,696 |
| Net Gain/Loss on Asset Sales | $856,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,516,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $53,102,419 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,666,680 |
| Compensation of current officers, directors, key employees. | $607,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,686,997 |
| Pension plan accruals and contributions | $3,700,654 |
| Other employee benefits | $9,941,659 |
| Payroll taxes | $3,641,003 |
| Fees for services: Management | $57,730 |
| Fees for services: Legal | $549,762 |
| Fees for services: Accounting | $45,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,519,369 |
| Advertising and promotion | $4,492,275 |
| Office expenses | $2,008,512 |
| Information technology | $2,276,419 |
| Royalties | $0 |
| Occupancy | $2,614,904 |
| Travel | $683,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,263 |
| Interest | $898,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,464,432 |
| Insurance | $1,025,080 |
| All other expenses | $0 |
| Total functional expenses | $170,586,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,717,655 |
| Savings and temporary cash investments | $5,595,165 |
| Pledges and grants receivable | $2,346,852 |
| Accounts receivable, net | $3,551,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $239,474 |
| Prepaid expenses and deferred charges | $1,224,275 |
| Net Land, buildings, and equipment | $161,420,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$15,149,387 |
| Total assets | $163,946,113 |
| Accounts payable and accrued expenses | $5,994,241 |
| Grants payable | $0 |
| Deferred revenue | $4,368,037 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,423,716 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,462,021 |
| Total liabilities | $44,248,015 |
| Net assets without donor restrictions | $97,784,481 |
| Net assets with donor restrictions | $21,913,617 |
| 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 |
| Total liabilities and net assets/fund balances | $163,946,113 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Concordia University Inc has recieved totaling $302,087.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SCHOLARSHIP | $43,200 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SCHOLARSHIP | $43,200 |
Robert M And Margaret J Lampert Foundation Inc Port Washington, WI PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN EDUCATION | $40,000 |
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $25,000 |
Calvin K Kazanjian Economics Foundation Inc Scottsdale, AZ PURPOSE: SUPPORT TEACHING ECONOMICS IN U.S. HISTORY AND CIVICS PROJECT | $21,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $91,389,352 |
| Earnings | $27,964,169 |
| Net Contributions | $4,220,221 |
| Other Expense | $676,842 |
| Grants | $1,339,845 |
| Ending Balance | $121,557,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
St Olaf College Northfield, MN | $1,072,190,588 | $240,994,923 |
Carleton College Northfield, MN | $1,414,260,160 | $240,267,870 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Macalester College St Paul, MN | $1,183,330,680 | $186,131,359 |
Hillsdale College Hillsdale, MI | $1,230,310,896 | $287,422,849 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Gustavus Adolphus College Saint Peter, MN | $555,228,341 | $183,510,862 |
Hope College Holland, MI | $493,947,019 | $161,551,169 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Bethel University St Paul, MN | $210,773,506 | $136,689,038 |