Concordia University
- Assets
- $216.6m
- Revenue
- $134.3m
- Investments
- $0.0
- Employees
- 1,547
- Location
- Irvine, CA
- Founding
- 07/1941
- Data as of
- 06/2021
- EIN
- 95-2798775
Organization Overview
Concordia University is located in Irvine, CA. 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 06/2021, Concordia University employed 1,547 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 $134.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $97.5m during the year ending 06/2021. While expenses have increased by 1.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONCORDIA UNIVERSITY IRVINE, GUIDED BY THE GREAT COMMISSION OF CHRIST JESUS AND THE LUTHERAN CONFESSIONS, EMPOWERS STUDENTS THROUGH THE LIBERAL ARTS AND PROFESSIONAL STUDIES FOR LIVES OF LEARNING, SERVICE, AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - DIVISIONAL:INSTRUCTION, INCLUDES GRANTS AND ALLOCATIONS. CONCORDIA UNIVERSITY CURRENTLY HAS 1,359 TRADITIONAL UNDERGRADUATE STUDENTS AND 2,944 NON-TRADITIONAL STUDENTS.
ACADEMIC SUPPORT AND STUDENT SERVICES:ACADEMIC SUPPORT INCLUDES OFFICE OF THE PROVOST, DEANS OF VARIOUS ACADEMIC DIVISIONS, AND UNIVERSITY LIBRARY SERVICES. STUDENT SERVICES INCLUDES ADMISSIONS, FINANCIAL AID, REGISTRAR, AND ATHLETICS.
AUXILIARY SERVICES:AUXILIARY ENTERPRISES AT CONCORDIA ARE GENERALLY COMPRISED OF RESIDENCE HALLS, A DINING HALL, AND A SNACK SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Mcdaniel Chief Enrollment Officer | Officer | 40 | $362,177 |
Curt Cattau Mcaa Faculty | Officer | 40 | $224,205 |
Dr Michael A Thomas President (from 01/2020) | Officer | 40 | $220,553 |
Kevin Tilden Exec VP & CFO | Officer | 40 | $183,733 |
Ronald Van Blarcom Associate VP & General Counsel | Officer | 40 | $179,717 |
Damien Wyman Director Of International Programs | Officer | 40 | $168,191 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Facilities Services Facilities Maintenance | 6/29/21 | $1,636,453 |
K-12 Teachers Alliance Recruitment Services | 6/29/21 | $1,909,888 |
Townsend Institute For Leadership And Co Recruitment Services | 6/29/21 | $1,017,323 |
Bon Appetit Food Service | 6/29/21 | $2,697,328 |
All Trades Construction Management General Contractor | 6/29/21 | $1,242,909 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,278,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,141,401 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,420,336 |
| Total Program Service Revenue | $94,933,543 |
| Investment income | $1,417,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,476,964 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,293,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,865,020 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,603,546 |
| Compensation of current officers, directors, key employees. | $1,603,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,502,359 |
| Pension plan accruals and contributions | $2,379,480 |
| Other employee benefits | $3,311,932 |
| Payroll taxes | $1,771,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,443 |
| Fees for services: Accounting | $95,180 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,820 |
| Fees for services: Other | $6,470,737 |
| Advertising and promotion | $2,968,561 |
| Office expenses | $63,204 |
| Information technology | $1,767,613 |
| Royalties | $0 |
| Occupancy | $5,562,145 |
| Travel | $782,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,585 |
| Interest | $454,436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,076,544 |
| Insurance | $875,460 |
| All other expenses | $3,657,676 |
| Total functional expenses | $97,527,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,072,131 |
| Savings and temporary cash investments | $24,557,000 |
| Pledges and grants receivable | $23,437,308 |
| Accounts receivable, net | $1,945,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,008 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,532,372 |
| Net Land, buildings, and equipment | $94,846,217 |
| Investments—publicly traded securities | $47,988,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,740,340 |
| Total assets | $216,619,359 |
| Accounts payable and accrued expenses | $6,927,401 |
| Grants payable | $0 |
| Deferred revenue | $9,017,788 |
| Tax-exempt bond liabilities | $27,527,793 |
| 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 | $8,423,095 |
| Total liabilities | $51,896,077 |
| Net assets without donor restrictions | $89,509,858 |
| Net assets with donor restrictions | $75,213,424 |
| 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 | $216,619,359 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Concordia University has recieved totaling $277,500.
| Awarding Organization | Amount |
|---|---|
Henley Foundation Tustin, CA PURPOSE: GENERAL | $275,000 |
Kathryn M Whitten Tr 955 Long Beach, CA PURPOSE: SCHOLARSHIP | $2,500 |
Endowment Analysis
| Beg. Balance | $35,171,758 |
| Earnings | $7,819,708 |
| Net Contributions | $2,326,599 |
| Other Expense | $881,736 |
| Ending Balance | $44,436,329 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapman University Orange, CA | $2,132,825,456 | $697,718,019 |
Loyola Marymount University Los Angeles, CA | $1,676,232,440 | $723,872,616 |
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
University Of San Francisco San Francisco, CA | $1,277,161,356 | $554,812,646 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,958,910,318 | $543,668,030 |
National University San Diego, CA | $1,578,654,080 | $391,699,793 |
University Of The Pacific Stockton, CA | $1,331,534,766 | $478,311,062 |
Loma Linda University Loma Linda, CA | $1,843,254,584 | $350,502,232 |
Loma Linda University Shared Services Loma Linda, CA | $270,756,141 | $292,339,481 |
Azusa Pacific University Azusa, CA | $364,665,569 | $273,144,020 |
Biola University Inc La Mirada, CA | $495,437,445 | $217,190,577 |