Concordia University Foundation
- Assets
- $4.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tigard, OR
- Founding
- 06/1995
- Data as of
- 06/2022
- 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 06/2022, Concordia University Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $209.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Concordia University Foundation has awarded 40 individual grants totaling $6,139,853. 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
2022
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
NO PROGRAM ACTIVITIES OCCURRED DURING THE FISCAL YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Brondos Secretary/treasurer | OfficerTrustee | 1.25 | $0 |
Gloria Edwards Vice Chair | OfficerTrustee | 1.25 | $0 |
George Thurston Chairman | OfficerTrustee | 1.25 | $0 |
Scott Howard Director | Trustee | 1.25 | $0 |
Jeff Oltmann Director | Trustee | 1.25 | $0 |
David Eash Director | Trustee | 1.25 | $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 | $8,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,919 |
| Total Program Service Revenue | $0 |
| Investment income | $41,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $600 |
| Net Gain/Loss on Asset Sales | $1,010,633 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,061,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $143,705 |
| Fees for services: Accounting | $8,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,325 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $92 |
| 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 | $1,644 |
| All other expenses | $47,454 |
| Total functional expenses | $209,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,674,237 |
| 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 | $12,500 |
| Net Land, buildings, and equipment | $510,037 |
| Investments—publicly traded securities | $255,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,646 |
| Total assets | $4,650,863 |
| 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 | $183,329 |
| Total liabilities | $183,329 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $4,467,534 |
| 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 | $4,650,863 |
Grants Awarded
Over the last fiscal year, Concordia University Foundation has awarded $6,139,853 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: Scholarships | $1,324,964 |
Saint Louis, MO PURPOSE: Scholarships | $1,127,716 |
Irvine, CA PURPOSE: Scholarships | $459,645 |
Austin, TX PURPOSE: Scholarships | $434,228 |
Saint Louis, MO PURPOSE: Scholarships | $304,792 |
Watertown, WI PURPOSE: Financial assistance for residents | $264,312 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Concordia University Foundation has recieved totaling $72,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $24,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $24,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $24,000 |
Endowment Analysis
| Beg. Balance | $3,030,808 |
| Earnings | $1,049,171 |
| Net Contributions | $8,919 |
| Ending Balance | $4,088,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Greater Good Charities Seattle, WA | $7,916,385 | $76,960,540 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |