Concordia University
- Assets
- $159.8m
- Revenue
- $82.7m
- Investments
- $7.6m
- Employees
- 1,029
- Location
- Seward, NE
- Founding
- Data as of
- 06/2021
- EIN
- 47-0378777
Organization Overview
Concordia University, operating under the name Concordia University Nebraska, is located in Seward, NE. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Concordia University Nebraska employed 1,029 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Concordia University Nebraska 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 Nebraska generated $82.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $70.5m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONCORDIA UNIVERSITY NEBRASKA'S MISSION IS TO BE AN EXCELLENT ACADEMIC AND CHRIST-CENTERED COMMUNITY EQUIPPING MEN AND WOMEN FOR LIVES OF LEARNING, SERVICE AND LEADERSHIP IN THE CHURCH AND THE WORLD. WE PRIMARILY DO THIS BY PROVIDING VARIOUS UNDERGRADUATE, AND GRADUATE DEGREE PROGRAMS TO STUDENTS IN A CHRIST-CENTERED ENVIRONMENT.
Describe the Organization's Program Activity:
HIGHER EDUCATION - CONCORDIA UNIVERSITY NEBRASKA PROVIDES A COMPLETE CHRISTIAN LIBERAL ARTS EDUCATION. THESE PROGRAM SERVICE EXPENSES ARE COSTS RELATED TO EDUCATING STUDENTS IN ALL UNIVERSITY PROGRAMS. 4,281 TOTAL STUDENT COUNT; 2490 STUDENTS RECEIVED SCHOLARSHIPS FROM THE $26,666,271 SCHOLARSHIPS AWARDED; 5 ORGANIZATIONS RECEIVED GRANTS FROM THE $6,156 AWARDED. THESE TWO GRANT CATEGORIES COMBINED MAKE UP THE $26,672,427 TOTAL GRANTS AWARDED.
AUXILIARY SERVICES - THE COST FOR STUDENT ROOM AND BOARD. ON AVERAGE CONCORDIA UNIVERSITY HOUSED 761 STUDENTS AND 920 USED CONCORDIA'S CAMPUS DINING SERVICES FOR A PLAN THAT ALLOWED 80 MEALS PER SEMESTER TO 21 MEALS PER WEEK. MEAL PLANS ALSO INCLUDE DINING DOLLARS THAT MAY SPENT AT THE DINING HALL, 10:31 COFFEE SHOP OR AT THE DOG HOUSE GRILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kumm Ex Vp, Cfo, COO | Officer | 55 | $163,863 |
Kurth Brashear Inst Adv/general Councel | Officer | 55 | $149,965 |
D Gene Brooks VP Student Affairs & Athletics | Officer | 55 | $100,445 |
Tim Preuss Provost | Officer | 55 | $81,474 |
Russell Sommerfeld Interim President | Officer | 65 | $77,958 |
Ryan Burger Regent - Secretary | OfficerTrustee | 0.6 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hotchalk Inc Consulting | 6/29/21 | $4,092,182 |
Compass Group Usa Inc Chartwells Foodse Food Service | 6/29/21 | $2,520,536 |
Noodle Partners Inc Consulting | 6/29/21 | $2,207,253 |
Aramark Services Inc Facility Management | 6/29/21 | $1,918,460 |
Wiley Educational Services Consulting | 6/29/21 | $1,086,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,482 |
| Related organizations | $739,092 |
| Government grants | $5,900,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,299,221 |
| Noncash contributions included in lines 1a–1f | $853,731 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,987,610 |
| Total Program Service Revenue | $63,942,266 |
| Investment income | $123,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $592,291 |
| Net Income from Fundraising Events | $26,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,672,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,156 |
| Grants and other assistance to domestic individuals. | $26,666,271 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,038,022 |
| Compensation of current officers, directors, key employees. | $375,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,103,126 |
| Pension plan accruals and contributions | $1,014,498 |
| Other employee benefits | $2,847,290 |
| Payroll taxes | $721,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,253 |
| Fees for services: Accounting | $60,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $55,000 |
| Fees for services: Investment Management | $332,971 |
| Fees for services: Other | $12,437,565 |
| Advertising and promotion | $325,481 |
| Office expenses | $801,737 |
| Information technology | $944,706 |
| Royalties | $0 |
| Occupancy | $1,384,402 |
| Travel | $557,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,677 |
| Interest | $671,791 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,517,863 |
| Insurance | $578,569 |
| All other expenses | $1,262,420 |
| Total functional expenses | $70,467,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,475,713 |
| Savings and temporary cash investments | $3,610,884 |
| Pledges and grants receivable | $14,435,339 |
| Accounts receivable, net | $1,037,948 |
| Loans from Officers, Directors, or Controlling Persons | $75,838 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,459 |
| Prepaid expenses and deferred charges | $793,221 |
| Net Land, buildings, and equipment | $84,938,659 |
| Investments—publicly traded securities | $38,712,737 |
| Investments—other securities | $7,645,688 |
| Investments—program-related | $521,456 |
| Intangible assets | $0 |
| Other assets | $6,507,777 |
| Total assets | $159,765,719 |
| Accounts payable and accrued expenses | $2,475,230 |
| Grants payable | $0 |
| Deferred revenue | $2,801,831 |
| Tax-exempt bond liabilities | $14,960,181 |
| Escrow or custodial account liability | $126,745 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,953,190 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,679,613 |
| Total liabilities | $26,996,790 |
| Net assets without donor restrictions | $63,918,855 |
| Net assets with donor restrictions | $68,850,074 |
| 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 | $159,765,719 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Concordia University has recieved totaling $915,797.
| Awarding Organization | Amount |
|---|---|
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: DUNKLAU EXCELLENCE ENDOWMENT | $350,194 |
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $175,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $51,871 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $51,750 |
D F Dillon Foundation Lincoln, NE PURPOSE: PROGRAM | $50,000 |
The Wayne J And Wanda M@lillich Charitable Foundation Trust Lincoln, NE PURPOSE: TO FURTHER PROGRAMS OF THE ORGANIZATION INCLUDING A $45,000 GRANT FOR THE SCHOOL SCIENCE BUILDING PROJECT. | $45,000 |
Endowment Analysis
| Beg. Balance | $51,375,083 |
| Earnings | $12,995,624 |
| Admin Expense | $27,829 |
| Net Contributions | $6,010,383 |
| Grants | $2,388,714 |
| Ending Balance | $67,964,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City University Kansas City, MO | $396,275,959 | $114,344,236 |
Concordia University Seward, NE | $159,765,719 | $82,672,244 |
Des Moines University Osteopathic Medical Center Des Moines, IA | $450,267,375 | $87,558,866 |
Palmer College Foundation Davenport, IA | $257,383,249 | $91,492,236 |
University Of Health Sciences And Pharmacy In St Louis Saint Louis, MO | $314,379,266 | $75,273,875 |
Clarkson College Omaha, NE | $27,180,320 | $38,123,040 |
Logan University Chesterfield, MO | $101,664,851 | $38,500,877 |
Augustine Institute Inc Greenwood Village, CO | $26,414,625 | $26,811,654 |
Krell Institute Inc Ames, IA | $2,185,280 | $14,305,955 |
Kansas Health Science Center Inc Wichita, KS | $59,507,557 | $699,651 |
Independent School Inc Wichita, KS | $14,367,580 | $8,318,061 |
Little Priest Tribal College Winnebago, NE | $15,346,518 | $6,906,359 |