Concordia University Inc
- Assets
- $177.8m
- Revenue
- $176.6m
- Investments
- $0.0
- Employees
- 2,903
- Location
- Mequon, WI
- Founding
- Data as of
- 06/2022
- EIN
- 39-0833608
Organization Overview
Concordia University Inc is located in Mequon, WI. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Concordia University Inc employed 2,903 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Concordia University Inc 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 06/2022, Concordia University Inc generated $176.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $174.9m during the year ending 06/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A LUTHERAN EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST SECONDARY EDUCATION GENERAL/OTHER: 4799 STUDENTS IN UNDERGRADUATE CLASSES, 3360 STUDENTS IN GRADUATE CLASSES, 1781 STUDENTS WERE GRADUATED IN THE 2021-2022 SCHOOL YEAR. THE UNIVERSITY HAS 95 BACHELOR MAJORS AND 82 MINORS, 49 MASTERS PROGRAMS, AND SIX DOCTORAL PROGRAMS.
STUDENT FINANCIAL AID PROGRAMS: FINANCIAL AID TO STUDENTS INCLUDING SCHOLARSHIPS, REMITTED TUITION, AND STIPENDS FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Cario Interim President | Officer | 40 | $108,999 |
Allen Prochnow VP & COO | Officer | 40 | $237,633 |
Dr Erik Jorvig Dean, School Of Pharmacy | 40 | $209,889 | |
Dr Michael Brown Pharmacy Professor | 40 | $166,901 | |
Dr Daniel Sem Dean, School Of Business | 40 | $161,041 | |
Dr Roy Peterson VP Advancement / CFO | Officer | 40 | $161,555 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catcon Llc Construction | 6/29/22 | $334,730 |
Midwest Fiber Network Cabling Installation | 6/29/22 | $258,724 |
Dell Marketing Computers | 6/29/22 | $253,646 |
Good Karma Brands Advertising | 6/29/22 | $121,237 |
Timelymd Medical Services | 6/29/22 | $117,976 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $57,200 |
| Government grants | $14,793,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,851,085 |
| Total Program Service Revenue | $156,966,204 |
| Investment income | $86,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,517 |
| Net Gain/Loss on Asset Sales | $4,644,891 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,566,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,990,319 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,472,587 |
| Compensation of current officers, directors, key employees. | $698,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,090,065 |
| Pension plan accruals and contributions | $3,721,800 |
| Other employee benefits | $9,553,893 |
| Payroll taxes | $3,747,815 |
| Fees for services: Management | $74,418 |
| Fees for services: Legal | $418,413 |
| Fees for services: Accounting | $64,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,948,644 |
| Advertising and promotion | $5,186,212 |
| Office expenses | $1,845,346 |
| Information technology | $2,477,304 |
| Royalties | $0 |
| Occupancy | $967,208 |
| Travel | $1,709,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,650 |
| Interest | $785,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,258,163 |
| Insurance | $899,292 |
| All other expenses | $4,266,634 |
| Total functional expenses | $174,880,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,096,196 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,087,263 |
| Accounts receivable, net | $4,017,428 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $271,635 |
| Prepaid expenses and deferred charges | $1,588,641 |
| Net Land, buildings, and equipment | $159,182,241 |
| Investments—publicly traded securities | $1,892,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,708,338 |
| Total assets | $177,844,047 |
| Accounts payable and accrued expenses | $4,692,782 |
| Grants payable | $0 |
| Deferred revenue | $4,832,502 |
| 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 | $23,604,656 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,703,714 |
| Total liabilities | $41,833,654 |
| Net assets without donor restrictions | $115,118,446 |
| Net assets with donor restrictions | $20,891,947 |
| 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 | $177,844,047 |