Concordia University St Paul
- Assets
- $168.3m
- Revenue
- $110.1m
- Investments
- $39.6m
- Employees
- 1,253
- Location
- St Paul, MN
- Founding
- 07/1941
- Data as of
- 06/2021
- EIN
- 41-0696906
Organization Overview
Concordia University St Paul is located in St Paul, MN. 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 06/2022, Concordia University St Paul employed 1,253 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Concordia University St Paul 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 St Paul generated $110.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $95.4m during the year ending 06/2021. While expenses have increased by 6.9% per year over the past 7 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
PRIVATE, POST-SECONDARY HIGHER EDUCATION ON THE UNDERGRADUATE AND GRADUATE LEVELS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: FINANCIAL AID TO ASSIST STUDENTS UNABLE TO PAY FULLY FOR THE LIBERAL ARTS OR RELIGIOUS EDUCATION AND SUPPORT PROGRAMS.
HIGHER EDUCATION: AUXILIARY ENTERPRISES SUCH AS STUDENT HOUSING, FOOD SERVICE, FACILITY RENTALS AND THE BOOKSTORE.
HIGHER EDUCATION: EDUCATIONAL AND INSTRUCTIONAL DIVISIONS INCLUDING SUPPORT PROGRAMS DEVOTED TO THE LIBERAL ARTS AND/OR RELIGIOUS EDUCATION, ENCOURAGEMENT AND UNDERSTANDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Lamott Provost | Officer | 50 | $225,541 |
Brian Friedrich President | Officer | 50 | $212,586 |
Kim Craig Vice President | Officer | 50 | $184,952 |
Peter Rundquist Professor | 50 | $159,461 | |
Mark Hill Vice President | Officer | 50 | $156,598 |
Richard Brynteson Professor | 50 | $140,657 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ati Textbooks For Nursing Students | 6/29/22 | $1,258,810 |
Wiley Education Llc Enrollment Management | 6/29/22 | $5,951,413 |
Orbis Education Services Enrollment Management | 6/29/22 | $13,681,898 |
Sodexo Inc Food Service And Facilities Management | 6/29/22 | $1,676,551 |
K-12 Teachers Alliance Enrollment Management | 6/29/22 | $1,866,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,902,431 |
| Investment income | $3,686,117 |
| 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 | $110,114,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $15,768,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,615,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,564,001 |
| Pension plan accruals and contributions | $1,897,016 |
| Other employee benefits | $2,157,194 |
| Payroll taxes | $1,750,400 |
| Fees for services: Management | $282,825 |
| Fees for services: Legal | $280,154 |
| Fees for services: Accounting | $66,362 |
| Fees for services: Lobbying | $166,104 |
| Fees for services: Fundraising | $273,060 |
| Fees for services: Investment Management | $158,218 |
| Fees for services: Other | $3,895,964 |
| Advertising and promotion | $269,745 |
| Office expenses | $673,461 |
| Information technology | $3,468,522 |
| Royalties | $0 |
| Occupancy | $6,107,838 |
| Travel | $537,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,532 |
| Interest | $672,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,154,165 |
| Insurance | $449,184 |
| All other expenses | $0 |
| Total functional expenses | $95,442,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,140,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,124,352 |
| Accounts receivable, net | $1,495,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,239,560 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,172,960 |
| Investments—publicly traded securities | $9,968,830 |
| Investments—other securities | $39,623,586 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,179,700 |
| Total assets | $168,274,815 |
| Accounts payable and accrued expenses | $4,563,368 |
| Grants payable | $0 |
| Deferred revenue | $5,872,963 |
| Tax-exempt bond liabilities | $13,700,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $517,578 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,555,672 |
| Total liabilities | $27,209,581 |
| 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 |
| Total liabilities and net assets/fund balances | $141,065,234 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Concordia University St Paul has recieved totaling $908,609.
| Awarding Organization | Amount |
|---|---|
Kurt Sandt Trust Uw Las Vegas, NV PURPOSE: GENERAL OPERATING | $366,916 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI PURPOSE: SCHOLARSHIPS | $215,171 |
Eagle Foundation Chaska, MN PURPOSE: TUITION REDUCTION | $92,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $46,950 |
Minnesota Private College Fund St Paul, MN PURPOSE: OPERATIONS, STUDENT SCHOLARSHIPS | $32,700 |
Patrick J And Janet L Thompson Family Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $25,000 |
Endowment Analysis
| Beg. Balance | $45,931,521 |
| Earnings | -$6,391,997 |
| Admin Expense | $171,545 |
| Net Contributions | $1,907,141 |
| Other Expense | $197,420 |
| Grants | $432,747 |
| Ending Balance | $40,644,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
University Of St Thomas St Paul, MN | $1,542,547,921 | $470,760,335 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
St Catherine University St Paul, MN | $366,048,829 | $154,511,110 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
Saint Johns University Collegeville, MN | $539,721,260 | $137,542,573 |
Trustees Of The Hamline University Of Minnesota St Paul, MN | $258,196,075 | $118,390,066 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
St Marys University Of Minnesota Winona, MN | $202,355,583 | $108,114,364 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |
University Of Mary Bismarck, ND | $217,782,844 | $95,416,601 |