Concordia University
- Assets
- $0.0
- Revenue
- $350.0k
- Investments
- $0.0
- Employees
- 1,225
- Location
- Portland, OR
- Founding
- Data as of
- 06/2021
- EIN
- 93-0391563
Organization Overview
Concordia University is located in Portland, OR. 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 employed 1,225 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Concordia University 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 generated $350.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (63.9%) each year. All expenses for the organization totaled $4.9m during the year ending 06/2021. 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
CONCORDIA IS A CHRISTIAN UNIVERSITY PREPARING LEADERS FOR THE TRANSFORMATION OF SOCIETY. ON FEBRUARY 7, 2020 THE CONCORDIA UNIVERSITY BOARD OF REGENTS VOTED TO CLOSE THE UNIVERSITY AND CEASE ACADEMIC OPERATIONS IN 2020. ACADEMIC OPERATIONS CEASED IN JULY 2020.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE IS TO PROVIDE UNDERGRADUATE AND GRADUATE DEGREES IN PERTINENT AREAS OF STUDY, PRIMARILY IN THE CARING PROFESSIONS, THAT ARE RELEVANT AND IN KEEPING WITH THE MISSION OF THE INSTITUTION, WHICH IS CONCORDIA IS A CHRISTIAN UNIVERSITY PREPARING LEADERS FOR THE TRANSFORMATION OF SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Cowing Provost | Officer | 40 | $101,262 |
Richard Doughty Interim CFO | Officer | 40 | $103,620 |
Chuck Gerken Chairman | OfficerTrustee | 1.25 | $0 |
Kathleen Hone Vice Chairman | OfficerTrustee | 1.25 | $0 |
Terry Wilson Secretary | OfficerTrustee | 1.25 | $0 |
Jerry Baltzell Board Member | Trustee | 1.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stoel Rives Legal | 6/29/21 | $1,820,771 |
Robert Thompson Real Estate | 6/29/21 | $200,000 |
Harrang Long Gary Rudnick Pc Legal | 6/29/21 | $275,000 |
Williams Kastner Legal | 6/29/21 | $188,000 |
Cfo Selections Consulting | 6/29/21 | $114,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,238 |
| Total Program Service Revenue | $16,806 |
| Investment income | $2,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,468,893 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,864 |
| Compensation of current officers, directors, key employees. | $34,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,854 |
| Payroll taxes | $12,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,297,272 |
| Fees for services: Accounting | $186,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $349,676 |
| Advertising and promotion | $0 |
| Office expenses | $4,922 |
| Information technology | $13,680 |
| Royalties | $0 |
| Occupancy | $289,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,723 |
| All other expenses | $13,069 |
| Total functional expenses | $4,939,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |