Concordia University St Paul
- Assets
- $174.2m
- Revenue
- $104.3m
- Investments
- $39.1m
- Employees
- 1,346
- Location
- Saint Paul, MN
- Founding
- 07/1941
- Data as of
- 06/2023
- EIN
- 41-0696906
Organization Overview
Concordia University St Paul is located in Saint Paul, MN. The organization was established in 1941. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2024, Concordia University St Paul employed 1,346 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Concordia University St Paul 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 06/2023, Concordia University St Paul generated $104.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $101.8m during the year ending 06/2023. While expenses have increased by 7.9% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE, POST-SECONDARY HIGHER EDUCATION ON THE UNDERGRADUATE AND GRADUATE LEVELS
Describe the Organization's Program Activity:
HIGHER EDUCATION: FINANCIAL AID TO ASSIST STUDENTS UNABLE TO PAY FULLY FOR THE LIBERAL ARTS OR RELIGIOUS EDUCATION AND SUPPORT PROGRAMS.
HIGHER EDUCATION: AUXILIARY ENTERPRISES SUCH AS STUDENT HOUSING, FOOD SERVICE, FACILITY RENTALS AND THE BOOKSTORE.
HIGHER EDUCATION: EDUCATIONAL AND INSTRUCTIONAL DIVISIONS INCLUDING SUPPORT PROGRAMS DEVOTED TO THE LIBERAL ARTS AND/OR RELIGIOUS EDUCATION, ENCOURAGEMENT AND UNDERSTANDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Lamott Provost | Officer | 50 | $233,188 |
Brian Friedrich President | Officer | 50 | $215,484 |
Kim Craig Vice President | Officer | 50 | $191,549 |
Katie Fischer Professor | 50 | $169,140 | |
Peter Rundquist Professor | 50 | $167,245 | |
Mark Hill Vice President | Officer | 50 | $163,316 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orbis Education Services Enrollment Management | 6/29/23 | $15,878,814 |
Wiley Education Llc Enrollment Management | 6/29/23 | $4,705,910 |
Sodexo Inc Food Service And Facilities Management | 6/29/23 | $2,294,885 |
K-12 Teachers Alliance Enrollment Management | 6/29/23 | $1,866,889 |
Corval Constructors Campus Remodeling | 6/29/23 | $1,043,535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,784,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,552,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,337,410 |
| Total Program Service Revenue | $94,435,011 |
| Investment income | $2,107,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,293,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,194,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,831,895 |
| Compensation of current officers, directors, key employees. | $848,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,392,569 |
| Pension plan accruals and contributions | $2,115,063 |
| Other employee benefits | $2,283,503 |
| Payroll taxes | $1,904,457 |
| Fees for services: Management | $169,298 |
| Fees for services: Legal | $838,092 |
| Fees for services: Accounting | $88,086 |
| Fees for services: Lobbying | $177,242 |
| Fees for services: Fundraising | $208,881 |
| Fees for services: Investment Management | $163,188 |
| Fees for services: Other | $3,328,008 |
| Advertising and promotion | $159,825 |
| Office expenses | $758,346 |
| Information technology | $3,940,776 |
| Royalties | $0 |
| Occupancy | $9,232,399 |
| Travel | $1,367,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $213,155 |
| Interest | $549,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,642,737 |
| Insurance | $768,352 |
| All other expenses | $604,531 |
| Total functional expenses | $101,823,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,957,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,043,576 |
| Accounts receivable, net | $2,718,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $482,795 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,252,087 |
| Net Land, buildings, and equipment | $59,733,330 |
| Investments—publicly traded securities | $30,812,455 |
| Investments—other securities | $39,107,686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,075,683 |
| Total assets | $174,183,710 |
| Accounts payable and accrued expenses | $6,827,580 |
| Grants payable | $0 |
| Deferred revenue | $5,582,571 |
| Tax-exempt bond liabilities | $11,900,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $144,070 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,558,908 |
| Total liabilities | $26,013,129 |
| Net assets without donor restrictions | $90,864,218 |
| Net assets with donor restrictions | $57,306,363 |
| 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 | $174,183,710 |