Concordia University Texas
- Assets
- $144.1m
- Revenue
- $77.6m
- Investments
- $4.1m
- Employees
- 768
- Location
- Austin, TX
- Founding
- 07/1941
- Data as of
- 06/2021
- EIN
- 74-1161941
Organization Overview
Concordia University Texas is located in Austin, TX. 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 06/2021, Concordia University Texas employed 768 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Concordia University Texas 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 Texas generated $77.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $70.0m during the year ending 06/2021. While expenses have increased by 3.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING 4 YEAR UNDERGRADUATE PROGRAMS, AN ACCELERATED NURSING PROGRAM, MASTER DEGREE PROGRAMS IN NURSING, EDUCATION, AND BUSINESS, AND A DOCTORATE DEGREE PROGRAM IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: THE UNIVERSITY'S PRIMARY PURPOSE IS TO PROVIDE A FOUR-YEAR UNDERGRADUATE PROGRAM LEADING TO A DEGREE IN VARIOUS DISCIPLINES AND TO SUPPORT THESE DISCIPLINES WITH CONTINUING EDUCATION. THE UNIVERSITY OFFERS GRADUATE PROGRAMS LEADING TO A MASTERS DEGREE IN EDUCATION, PUBLIC HEALTH, AND BUSINESS. IN ADDITION, THE UNIVERSITY OFFERS A DOCTORATE PROGRAM LEADING TO DOCTOR OF EDUCATION DEGREE. ALL EXPENDITURES RELATE TO THE EDUCATIONAL PROGRAM. (2500 STUDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Christian President & CEO | Officer | 40 | $180,572 |
Kristi Kirk Provost & Executive VP | Officer | 40 | $179,292 |
Elizabeth Atherton Sr. VP Of External Affairs | Officer | 40 | $168,240 |
Jennielle Strother Vp Of Enrollment & Student Development | 40 | $133,652 | |
Lynette Gillis CFO & Sr. VP Of Strategic Finance | Officer | 40 | $119,934 |
Shane Sokoll Sr. VP Planning & Quality | Officer | 40 | $119,308 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orbis Education Accelerated Bsn Recruiting And Hosting | 6/29/21 | $10,514,557 |
Collegis Education Administrative Computing Support | 6/29/21 | $3,739,910 |
Sodexo Inc & Affiliates Cafeteria Management | 6/29/21 | $2,888,396 |
Concordia Plan Services Benefits | 6/29/21 | $3,036,091 |
K-12 Teachers Alliance Master Of Ed. Student Recruiting | 6/29/21 | $865,127 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,416,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,562,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,979,643 |
| Total Program Service Revenue | $63,431,535 |
| Investment income | $665,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,948 |
| Net Gain/Loss on Asset Sales | $1,053,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,596,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,900,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $978,695 |
| Compensation of current officers, directors, key employees. | $891,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,149,130 |
| Pension plan accruals and contributions | $989,475 |
| Other employee benefits | $2,286,128 |
| Payroll taxes | $1,073,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,343 |
| Fees for services: Accounting | $94,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,047,910 |
| Advertising and promotion | $924,538 |
| Office expenses | $4,357,903 |
| Information technology | $2,855,230 |
| Royalties | $0 |
| Occupancy | $3,247,222 |
| Travel | $383,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,913 |
| Interest | $1,018,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,573,083 |
| Insurance | $288,007 |
| All other expenses | $49,394 |
| Total functional expenses | $69,991,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,691,425 |
| Savings and temporary cash investments | $13,778,978 |
| Pledges and grants receivable | $1,059,956 |
| Accounts receivable, net | $3,655,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $201,700 |
| Net Land, buildings, and equipment | $83,968,864 |
| Investments—publicly traded securities | $24,704,394 |
| Investments—other securities | $4,133,080 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,868,871 |
| Total assets | $144,062,806 |
| Accounts payable and accrued expenses | $3,210,819 |
| Grants payable | $0 |
| Deferred revenue | $3,987,357 |
| Tax-exempt bond liabilities | $32,787,392 |
| Escrow or custodial account liability | $44,126 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,813 |
| Total liabilities | $40,153,507 |
| Net assets without donor restrictions | $69,231,454 |
| Net assets with donor restrictions | $34,677,845 |
| 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 | $144,062,806 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Concordia University Texas has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
James Orlandini Foundation Springfield, IL PURPOSE: FOR ATHLETIC FACILITIES AND LAUNCH CREW | $15,000 |
Endowment Analysis
| Beg. Balance | $25,167,705 |
| Earnings | $5,472,897 |
| Net Contributions | $991,230 |
| Other Expense | $65,332 |
| Grants | $751,312 |
| Ending Balance | $30,815,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harding University Searcy, AR | $405,616,863 | $135,462,423 |
University Of Mary Hardin-Baylor Belton, TX | $347,893,430 | $125,812,163 |
Oklahoma City University Oklahoma City, OK | $362,717,659 | $109,214,951 |
University Of St Thomas Houston, TX | $283,234,320 | $105,820,865 |
Texas Wesleyan University Fort Worth, TX | $187,144,342 | $108,798,845 |
Hardin-Simmons University Abilene, TX | $364,651,432 | $94,074,650 |
Austin College Sherman, TX | $297,085,241 | $79,413,708 |
Our Lady Of The Lake University Of San Antonio San Antonio, TX | $113,222,017 | $76,356,070 |
Concordia University Texas Austin, TX | $144,062,806 | $77,596,323 |
Letourneau University Longview, TX | $118,292,663 | $66,156,893 |
Southern Nazarene University Bethany, OK | $123,009,250 | $68,249,636 |
East Texas Baptist University Marshall, TX | $165,907,529 | $69,149,691 |