Concordia University Foundation
- Assets
- $2.5m
- Revenue
- $267.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tigard, OR
- Founding
- 06/1995
- Data as of
- 06/2024
- EIN
- 93-0771304
Organization Overview
Concordia University Foundation is located in Tigard, OR. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concordia University Foundation 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 06/2024, Concordia University Foundation generated $267.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Concordia University Foundation has awarded 42 individual grants totaling $8,439,853. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION CONTINUES THE LEGACY OF CONCORDIA UNIVERSITY BY SUPPORTING COMMUNITY-BASED EDUCATION FOR DISADVANTAGED STUDENTS IN NORTHEAST PORTLAND WITH SCHOLARSHIPS FOR THOSE SEEKING COLLEGE EDUCATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION TRANSFERRED ENDOWMENT FUND BALANCES TO CONCORDIA UNIVERSITY ST. PAUL AND CONCORDIA UNIVERSITY IRVINE.
THE FOUNDATION FUNDED SCHOLARSHIPS FOR NORTHEAST PORTLAND STUDENTS SEEKING COLLEGE EDUCATIONS THROUGH THE OREGON OFFICE OF STUDENT ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Brondos Director | Trustee | 1 | $0 |
Gina Condon Vice Chair | OfficerTrustee | 1 | $0 |
David Eash Director | Trustee | 1 | $0 |
Gloria Edwards Director | Trustee | 1 | $0 |
Scott Howard Chair | OfficerTrustee | 1 | $0 |
Jeff Oltmann Director | Trustee | 1 | $0 |
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 | $140,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,446 |
| Total Program Service Revenue | $0 |
| Investment income | $127,117 |
| 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 | $267,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,300,000 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $3,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $5,434 |
| All other expenses | $0 |
| Total functional expenses | $2,339,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,400 |
| 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 | $2,535,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,545,268 |
| Accounts payable and accrued expenses | $206 |
| 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 | $1,960 |
| Total liabilities | $2,166 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,543,102 |
| 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 | $2,545,268 |
Grants Awarded
Over the last fiscal year, Concordia University Foundation has awarded $2,300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA UNIVERSITY ST PAUL PURPOSE: Endowment to provide scholarships for students. | $1,150,000 |
CONCORDIA UNIVERSITY IRVINE PURPOSE: Endowment to fund scholarships for students. | $1,150,000 |