2023-05-10T17:29:49-05:00 2022-06-30 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2021-07-01 741161941 CONCORDIA UNIVERSITY TEXAS CONC 5123133000 11400 CONCORDIA UNIVERSITY DRIVE AUSTIN TX 78726 LYNETTE GILLIS CHIEF FINANCIAL OFFICER 5123133000 2023-05-10 1 LYNETTE GILLIS XXX-XX-XXXX KAREN A GRIES P00078514 6128764500 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DONALD CHRISTIAN 11400 CONCORDIA UNIVERSITY DRIVE AUSTIN TX 78726 88092441 0 1709 X WWW.CONCORDIA.EDU X 1926 TX PROVIDING FOUR-YEAR UNDERGRADUATE PROGRAMS, AN ACCELERATED NURSING PROGRAM, MASTER DEGREE PROGRAMS IN EDUCATION, PUBLIC HEALTH AND BUSINESS, AND DOCTORATE DEGREE PROGRAMS IN EDUCATION AND NURSING. 17 17 715 375 0 0 11979643 11218576 63431535 62572750 1719433 -642108 465712 1920742 77596323 75069960 18900400 19255400 0 0 18477152 18515065 0 0 835277 32613783 31855797 69991335 69626262 7604988 5443698 144062806 159938582 40153507 48790904 103909299 111147678 X CONCORDIA UNIVERSITY TEXAS EMPOWERS STUDENTS OF ALL BACKGROUNDS TO LEAD LIVES OF CRITICAL THOUGHT, COMPASSIONATE ACTION, AND COURAGEOUS LEADERSHIP. AS A LIBERAL ARTS UNIVERSITY ROOTED IN THE LUTHERAN TRADITION AND ALIGNED WITH THE LUTHERAN CHURCH-MISSOURI SYNOD, CONCORDIA DEVELOPS THE MIND, HEART, SOUL, AND BODY, PREPARING LEADERS FOR LIVES OF SERVICE. 0 0 55806994 19255400 62572750 HIGHER EDUCATION: THE UNIVERSITY'S PRIMARY PURPOSE IS TO PROVIDE A FOUR-YEAR UNDERGRADUATE PROGRAM LEADING TO A DEGREE IN VARIOUS DISCIPLINES AND TO SUPPORT THESE DISCIPLINES WITH CONTINUING EDUCATION. THE UNIVERSITY OFFERS GRADUATE PROGRAMS LEADING TO A MASTERS DEGREE IN EDUCATION, PUBLIC HEALTH, AND BUSINESS. IN ADDITION, THE UNIVERSITY OFFERS DOCTORATE PROGRAMS LEADING TO DOCTORATE IN EDUCATION AND NURSING PRACTICE. ALL EXPENDITURES RELATE TO THE EDUCATIONAL PROGRAM. (2100 STUDENTS). 55806994 1 1 0 0 0 0 1 1 1 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2668 0 1 715 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 TX X LYNETTE GILLIS 5123135301 11400 CONCORDIA UNIVERSITY DRIVE AUSTIN TX 78726 BOB SSEKYANZI BOARD REGENT 1.00 X 0 0 0 BRENNA NUNES BOARD REGENT 1.00 X 0 0 0 CHRISTOPHER BANNWOLF CHAIR 1.00 X X 0 0 0 DR MARGARET LANDWERMEYER SECRETARY 1.00 X X 0 0 0 DR MARY BETH GAERTNER BOARD REGENT 1.00 X 0 0 0 DR THEODORE CROFFORD BOARD REGENT 1.00 X 0 0 0 HEIDI LEWIS BOARD REGENT 1.00 X 0 0 0 JAMES M CLEARY JR VICE CHAIR 1.00 X X 0 0 0 JIM ALBERS BOARD REGENT 1.00 X 0 0 0 MIKE NEWMAN BOARD REGENT 1.00 X 0 0 0 PETER HAMES BOARD REGENT 1.00 X 0 0 0 QUENTIN ANDERSON BOARD REGENT 1.00 X 0 0 0 RAYMOND KYM BOARD REGENT 1.00 X 0 0 0 REV M ALAN TAYLOR BOARD REGENT 1.00 X 0 0 0 REV NATHANIEL HILL BOARD REGENT 1.00 X 0 0 0 STEVE SOHNS BOARD REGENT 1.00 X 0 0 0 SYLVIA SCHMIDT BOARD REGENT 1.00 X 0 0 0 TOM ZACHMAN BOARD REGENT (TERM 2/2022) 1.00 X 0 0 0 DONALD CHRISTIAN PRESIDENT & CEO 40.00 X 341980 0 168116 KRISTI KIRK PROVOST & EXECUTIVE VP 40.00 X 215201 0 133187 LYNETTE GILLIS CFO & SR. VP OF STRATEGIC FINANCE 40.00 X 179078 0 28611 ELIZABETH ATHERTON SR. VP OF EXTERNAL AFFAIRS 40.00 X 159518 0 27286 SHANE SOKOLL SR VP PLANNING & QUALITY (TERM. 07/2022) 40.00 X 121265 0 24783 JENNIELLE STROTHER VP ENROLLMENT MGMT. (TERM. 04/2021) 40.00 X 135724 0 24712 KC POSPISIL VP OF ACADEMIC OPERATIONS 40.00 X 130292 0 20707 JAMES CANDIDO VP FOR PHILANTHROPY (TERM. 06/2021) 40.00 X 136655 0 13330 DANIEL GREGORY VP OF ADMINISTRATION 40.00 X 122562 0 22524 SAIRAM PATHI CONTROLLER & DIRECTOR OF HR 40.00 X 111924 0 21158 1654199 0 484414 12 0 1 0 ORBIS EDUCATION SERVICES LLC 2600 CAMELBACK RD PHOENIX AZ 85017 RECRUITING AND HOSTING 11902827 ACC SC DEVELOPMENT LLC 12700 HILL COUNTRY BLVD STE T-200 AUSTIN TX 78738 DORM CONSTRUCTION 8501285 COLLEGIS EDUCATION 1415 W 22ND ST OAK BROOK IL 60523 ADMINISTRATIVE COMPUTING SUPPORT 4018589 CONCORDIA PLAN SERVICES PO BOX 14955 ST LOUIS MO 63150 BENEFITS 3219600 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 CAFETERIA MANAGEMENT 2650922 27 7130880 4087696 11218576 TUITION AND FEES 611310 59382730 59382730 AUXILIARY ENTERPRISES 611710 2976299 2976299 SUMMER CAMPS 611310 213721 213721 62572750 875580 875580 163244 154616 8628 8628 8628 11314177 36000 12846588 21277 -1532411 14723 -1517688 -1517688 OTHER REVENUES 611710 1895364 1895364 FINES, PENALTIES & OTHER FEES 611710 16750 16750 1912114 75069960 62572750 0 1278634 X 19255400 19255400 2380933 121716 2004169 255048 11946792 11866213 52386 28193 980138 783789 174491 21858 2194896 1711301 450761 32834 1012306 881913 111917 18476 135285 135285 92985 92985 13433281 12948369 394982 89930 930892 55857 862984 12051 3714437 897597 2760687 56153 3033917 609031 2327585 97301 3744655 2486659 1181839 76157 791960 669526 77758 44676 302428 229038 59118 14272 1060152 757331 279627 23194 2695495 1640416 991200 63879 68505 42945 24305 1255 FOOD SERVICES 928810 928810 OTHER 501437 501437 STUDENT SUPPORT 348456 348456 BANK FEES 55200 55200 17902 17902 69626262 55806994 12983991 835277 4691425 3644675 13778978 16062135 1059956 1575888 3655538 3584992 201700 2072741 129355525 33814639 83968864 95540886 24704394 21419165 4133080 3610696 7868871 12427404 144062806 159938582 3210819 2669400 3987357 2718844 32787392 43357210 44126 45450 123813 0 40153507 48790904 X 69231454 78633796 34677845 32513882 103909299 111147678 144062806 159938582 X 5443698 4862962 -3068281 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 250.00 1 1 395.00 100699 1 X X X 0 0 1 X 30815188 856112 -4174442 935427 81342 26480089 25167705 991230 5472897 751312 65332 30815188 24742871 356218 549390 440241 40533 25167705 21779955 376905 3114602 486304 42287 24742871 20709467 572968 1023204 485004 40680 21779955 0.00000 1.00000 0.00000 1 0 25821225 25821225 71758049 22762617 48995432 2802552 1635521 1167031 12132150 9416501 2715649 16841549 16841549 95540886 CASH VALUE OF LIFE INSURANCE 306740 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 6065333 INTEREST RATE SWAP ASSET 6055331 12427404 X 57763857 4862962 -2913665 1949297 55814560 19255400 19255400 75069960 50525478 154616 154616 50370862 19255400 19255400 69626262 PART II, LINE 9: THE UNIVERSITY INCLUDES THE HISTORICAL VALUE OF THE CONSERVATION EASEMENT IN PROPERTY, PLANT AND EQUIPMENT ON ITS FINANCIAL STATEMENTS. THE EXPENSES FOR MAINTAINING THE EASEMENT, PAID TO TRAVIS COUNTY, ARE INCLUDED IN INSTITUTIONAL EXPENSES. PART III, LINE 1A: THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND SCIENTIFIC CURATORIAL PURPOSES. THE UNIVERSITY'S COLLECTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION AND CONTRIBUTIONS OF COLLECTIONS ARE NOT REFLECTED IN THE STATEMENTS OF ACTIVITIES. PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION AND CONTRIBUTIONS OF COLLECTIONS ARE NOT REFLECTED IN THE STATEMENTS OF ACTIVITIES. PART IV, LINE 2B: THE UNIVERSITY HOLDS FUNDS FOR VARIOUS STUDENT ORGANIZATIONS IN AN AGENCY TYPE ARRANGEMENT. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENTS CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. MAJORITY OF THE EARNINGS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING THE UNIVERSITY. A SMALL PERCENTAGE OF THE EARNINGS IS USED FOR OPERATIONAL SUPPORT AND EXPENSES. PART X, LINE 2: THE UNIVERSITY AND FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ACCORDING TO AN INTERNAL REVENUE SERVICE DETERMINATION LETTER. ACCORDINGLY, THE UNIVERSITY AND FOUNDATION ARE NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT THEY DERIVE INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO THEIR TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE UNIVERSITY AND FOUNDATION HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THEY ARE ALSO EXEMPT FROM STATE FRANCHISE TAXES. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 154,616. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -3,068,281. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 19,255,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 154,616. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 19,255,400. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CONCORDIA PUBLICIZES ITS NONDISCRIMINATORY POLICY ON THE CONCORDIA.EDU HOMEPAGE, WHICH STATES "CONCORDIA UNIVERSITY TEXAS ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE OR UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL, AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER COLLEGE OR UNIVERSITY-ADMINISTERED PROGRAMS." SCHEDULE E, PART I, LINE 6 STUDENTS INTERESTED IN APPLYING FOR FINANCIAL ASSISTANCE MUST SUBMIT A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND BE ACCEPTED FOR ADMISSION TO CONCORDIA. CHURCH-WORK STUDENTS MUST ALSO COMPLETE A DECLARATION OF INTENT FROM THEIR HOME CHURCH. WHEN ALL REQUIRED FORMS HAVE BEEN RECEIVED IN THE OFFICE OF STUDENT FINANCIAL SERVICES (SFS), SFS COMPILES AN AWARD PACKAGE OF SCHOLARSHIPS, GRANTS, LOANS AND WORK STUDY PROGRAMS. ELIGIBILITY FOR FINANCIAL ASSISTANCE REQUIRES THAT A STUDENT BE ACCEPTED FOR ADMISSION OR ENROLLED AND MAINTAIN SATISFACTORY ACADEMIC PROGRESS ACCORDING TO ESTABLISHED STANDARDS. 1 STATE GRANTS - TEG (TUITION EQUALIZATION GRANT) TEXAS HIGHER EDUCATION 533 1994570 FEDERAL GRANTS - FSEOG GRANTS PROVIDED TO STUDENTS AS SCHOLARSHIPS 254 319333 SCHOLARSHIPS FUNDED BY GIFTS AND/OR ENDOWMENT EARNINGS FROM VARIOUS DONORS. 89 1315180 SCHOLARSHIPS FUNDED BY CONCORDIA'S OPERATING BUDGET 1259 15626317 PART I, LINE 2: STUDENTS INTERESTED IN APPLYING FOR FINANCIAL ASSISTANCE MUST SUBMIT A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND BE ACCEPTED FOR ADMISSION TO CONCORDIA. CHURCH-WORK STUDENTS MUST ALSO COMPLETE A DECLARATION OF INTENT FROM THEIR HOME CHURCH. WHEN ALL REQUIRED FORMS HAVE BEEN RECEIVED IN THE OFFICE OF STUDENT FINANCIAL SERVICES (SFS), SFS COMPILES AN AWARD PACKAGE OF SCHOLARSHIPS, GRANTS, LOANS AND WORK STUDY PROGRAMS. ELIGIBILITY FOR FINANCIAL ASSISTANCE REQUIRES THAT A STUDENT BE ACCEPTED FOR ADMISSION OR ENROLLED AND MAINTAIN SATISFACTORY ACADEMIC PROGRESS ACCORDING TO ESTABLISHED STANDARDS. X X X 1 1 X X X 1 0 0 0 0 0 0 0 0 DONALD CHRISTIAN PRESIDENT & CEO 341980 0 0 0 0 0 29231 0 138885 0 510096 0 0 0 KRISTI KIRK PROVOST & EXECUTIVE VP 215201 0 0 0 0 0 18600 0 114587 0 348388 0 0 0 LYNETTE GILLIS CFO & SR. VP OF STRATEGIC FINANCE 179078 0 0 0 0 0 16153 0 12458 0 207689 0 0 0 ELIZABETH ATHERTON SR. VP OF EXTERNAL AFFAIRS 159518 0 0 0 0 0 15053 0 12233 0 186804 0 0 0 JENNIELLE STROTHER VP ENROLLMENT MGMT. (TERM. 04/2021) 135724 0 0 0 0 0 12963 0 11749 0 160436 0 0 0 KC POSPISIL VP OF ACADEMIC OPERATIONS 130292 0 0 0 0 0 9671 0 11036 0 150999 0 0 0 PART I, LINE 1A CONCORDIA UNIVERSITY TEXAS PROVIDES TRAVEL FOR SPOUSES OF EXECUTIVES WHEN THEIR PRESENCE IS DEEMED NECESSARY AND ADVANTAGEOUS TO THE UNIVERSITY. HOUSING IS PROVIDED TO THE PRESIDENT, DONALD CHRISTIAN AND THE PROVOST, KRISTI KIRK. THE VALUE OF THE HOUSING IS REFLECTED IN HIS/HER COMPENSATION INFORMATION. PART I, LINE 4A JAMES CANDIDO RECEIVED $75,000 SEVERANCE IN 2021. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED FOR REVIEW TO THE BOARD OF REGENTS' FINANCE COMMITTEE CHAIR, WHO SHARES HIGHLIGHTS OF THE FORM 990 WITH THE OTHER BOARD MEMBERS AS APPLICABLE. FORM 990, PART VI, SECTION B, LINE 12C IN THE CASE OF A CONFLICT OF INTEREST, THE ORGANIZATION TAKES THE FOLLOWING STEPS TO RESOLVE A CONFLICT OF INTEREST: EVERY BOARD OR COMMISSION MEMBER SHALL DISCLOSE TO THE CHAIRMAN OF THE AGENCY AND ALL STAFF SHALL DISCLOSE TO THE CHIEF EXECUTIVE OR EXECUTIVE DIRECTOR OF THE AGENCY ANY POTENTIAL CONFLICTS OF INTEREST. EACH CHAIRMAN OR CHIEF EXECUTIVE OR EXECUTIVE DIRECTOR SHALL DISCLOSE PERSONAL POTENTIAL CONFLICTS OF INTEREST TO THE APPROPRIATE BOARD OR COMMISSION. ALL SUCH DISCLOSURES SHALL BE REPORTED TO THE RESPECTIVE BOARD OR COMMISSION TO DETERMINE BY A VOTE OF ITS REMAINING IMPARTIAL MEMBERS WHETHER AN INAPPROPRIATE INTEREST EXISTS, AND SUCH VOTE SHALL BE RECORDED IN ITS OFFICIAL MINUTES. IN THE CASE OF OFFICERS, ALL SUCH DISCLOSURES SHALL BE REPORTED TO THE PRESIDENT TO DETERMINE WHETHER AN INAPPROPRIATE INTEREST EXISTS. THE UNIVERSITY REQUESTS AND VERIFIES THAT IT HAS A SIGNED CONFLICT OF INTEREST STATEMENT WHEN AN EMPLOYEE IS HIRED. STATEMENTS ARE ALSO COLLECTED ANNUALLY FROM BOARD MEMBERS AND KEY EMPLOYEES AND RECEIPT IS VERIFIED. ALL OTHER EMPLOYEES ARE NOTIFIED ANNUALLY OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 DURING THE FEBRUARY MEETING, CONCORDIA'S BOARD OF REGENTS DOES AN ANNUAL PERFORMANCE APPRAISAL OF THE PRESIDENT/CEO. THE BOARD VOTES ON AND APPROVES THE APPLICABLE RAISE AMOUNT AFTER IT REVIEWS THE SALARY AMOUNTS AGAINST COMPARABLE INSTITUTIONS AS NOTED ON THE CUPA SURVEY AND OTHER COMPARABLE DATA. THE BOARD IS NOT PAID SO NO SALARY REVIEW IS DEEMED NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 TAX RETURN IS PROVIDED UPON REQUEST OR THROUGH THE GUIDESTAR.ORG WEBSITE, WHICH CONTAINS FINANCIAL AND GOVERNING INFORMATION. GENERAL INFORMATION IS AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE WWW.CONCORDIA.EDU. ADDITIONAL INFORMATION MAY BE PROVIDED UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OUTSOURCED RECRUITING AND LMS MGMT: PROGRAM SERVICE EXPENSES 12,118,127. TOTAL EXPENSES 12,118,127. PROFESSIONAL CONSULTING ENGAGEMENTS: PROGRAM SERVICE EXPENSES 94,543. MANAGEMENT AND GENERAL EXPENSES 204,534. FUNDRAISING EXPENSES 38,948. TOTAL EXPENSES 338,025. OTHER TEMPORARY WORK: PROGRAM SERVICE EXPENSES 735,699. MANAGEMENT AND GENERAL EXPENSES 190,448. FUNDRAISING EXPENSES 50,982. TOTAL EXPENSES 977,129. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -3,068,281. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERP. TRUST NET LOSS ON INTEREST RATE SWAP VALUATION FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. CONCORDIA UNIVERSITY TEXAS FOUNDATION 11400 CONCORDIA UNIVERSITY DR AUSTIN TX 78726 273255819 SUPPORT CONCORDIA UNIVERSITY TEXAS TX 501(C)(3) LINE 12A, I CONCORDIA UNIVERSITY TEXAS 1 CHARITABLE REMAINDER UNITRUSTS (11) TRUST TX N/A T 0 INSURANCE TRUST (1) TRUST TX N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0