2022-03-14T10:50:26-05:00 2021-04-30 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2020-05-01 410693977 CONCORDIA COLLEGE CORPORATION CONC 2182994206 901 S 8TH ST MOORHEAD MN 56562 LINDA J BROWN TREASURER & VP FOR FINANCE 2182993126 2022-02-26 1 LINDA BROWN XXX-XX-XXXX LAWRENCE H MOHR CPA P00447603 6128764500 2022-03-10 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WILLIAM J CRAFT 901 S 8TH ST MOORHEAD MN 56562 130587602 0 9386 X WWW.CONCORDIACOLLEGE.EDU X 1891 MN CONCORDIA COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE OF THE EVANGELICAL LUTHERAN CHURCH OF AMERICA OFFERING 59 MAJORS AND 12 PRE-PROFESSIONAL PROGRAMS. DURING THE 2020-2021 SCHOOL YEAR, CONCORDIA COLLEGE HAD AN ENROLLMENT OF 1,973 STUDENTS; 993 OF THESE STUDENTS WERE RESIDING IN DORMITORIES OR OTHER FORMS OF ON-CAMPUS HOUSING AND 1,118 STUDENTS PARTICIPATED IN SOME VARYING FORM OF A MEAL PLAN THROUGH THE ON-CAMPUS DINING SERVICE. 26 26 2281 656 2165114 719674 30755032 13205848 104082313 94125939 9836352 19867157 1214109 634693 145887806 127833637 46172519 48131722 0 0 56210877 46067681 965 2250 1868819 31309784 24425810 133694145 118627463 12193661 9206174 365441053 403850675 71432245 67191548 294008808 336659127 X THE PURPOSE OF CONCORDIA COLLEGE IS TO INFLUENCE THE AFFAIRS OF THE WORLD BY SENDING INTO SOCIETY THOUGHTFUL AND INFORMED MEN AND WOMEN DEDICATED TO THE CHRISTIAN LIFE. 0 0 68970657 47898917 80217134 CONCORDIA COLLEGE OFFERS BACHELOR OF ARTS AND BACHELOR OF MUSIC DEGREES, AS WELL AS A MASTER OF EDUCATION IN WORLD LANGUAGE INSTRUCTION. THE 2020-2021 ENROLLMENT WAS 1,973 STUDENTS, 399 OF WHOM MET THE REQUIREMENTS OF GRADUATION. 12865444 9369488 AUXILIARY ENTERPRISES AT CONCORDIA COLLEGE ARE COMPRISED OF 12 RESIDENCE HALLS OR ON-CAMPUS APARTMENTS, A DINING HALL AS WELL AS A QUICK-SERVE RESTAURANT OPTION, SNACK SHOP AND COFFEE SHOP, A BOOKSTORE AND A DAY CARE FACILITY FOR FACULTY, STAFF AND STUDENTS. 50% OF ENROLLED STUDENTS LIVED IN ON-CAMPUS HOUSING, WHILE 57% OF THE ENROLLED STUDENT POPULATION PARTICIPATED IN ONE OF THE EIGHT MEAL PLAN OPTIONS OFFERED BY THE COLLEGE'S DINING SERVICE. 6803229 232805 3125643 CONCORDIA COLLEGE OWNS AND OPERATES THE CONCORDIA LANGUAGE VILLAGES. THE LANGUAGE VILLAGES USE IMMERSION TECHNIQUES TO TEACH PARTICIPANTS ABOUT OTHER LANGUAGES AND CULTURES WHILE GIVING CONCORDIA STUDENTS THE OPPORTUNITY TO GAIN PRACTICAL TEACHING EXPERIENCE. THE LANGUAGE VILLAGES OFFER INSTRUCTION IN 17 DIFFERENT LANGUAGES WITH A WIDE VARIETY OF YEAR-ROUND PROGRAMS DESIGNED FOR LEARNERS OF EVERY AGE. MOST VILLAGES ARE LOCATED AT VARIOUS SITES ON TURTLE RIVER LAKE NEAR BEMIDJI, MN, AS WELL AS AT VARIOUS LEASED SITES THROUGHOUT MINNESOTA. THE VILLAGES RECENTLY ADDED VIRTUAL VILLAGES, ONLINE IMMERSION PROGRAMMING. DURING THE FISCAL YEAR 2020-2021, CONCORDIA LANGUAGE VILLAGES ENROLLED 3,629 PARTICIPANTS IN A VARIETY OF PROGRAMS OFFERED THROUGHOUT THE YEAR. ALTHOUGH THE MAJORITY OF PROGRAMMING TAKES PLACE DURING THE SUMMER, THE EXPANSION OF YEAR-ROUND LANGUAGE LEARNING THROUGH THE VILLAGES CONTINUES TO GROW. 15269311 PUBLIC SERVICE, ACADEMIC SUPPORT, AND STUDENT SERVICES (COMBINED) 15269311 103908641 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 240 0 2281 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 X 26 26 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X MARK LILLEHAUGEN CONTROLLER 2182994206 901 S 8TH ST MOORHEAD MN 56562 MARY S RANUM CHAIR 1.00 X X 0 0 0 JOHN E YDSTIE VICE CHAIR 1.00 X X 0 0 0 DR JULIE A BLEHM SECRETARY 1.00 X X 0 0 0 MARYANN ANDERSON TRUSTEE 1.00 X 0 0 0 TROY J BUTNER TRUSTEE 1.00 X 0 0 0 JEAN E BYE TRUSTEE 1.00 X 0 0 0 VICTOR E EVERSON TRUSTEE 1.00 X 0 0 0 COREY L HAALAND TRUSTEE 1.00 X 0 0 0 KATIE E HASBARGEN TRUSTEE 1.00 X 0 0 0 DOUGLAS HASTAD TRUSTEE 1.00 X 0 0 0 REV GARY R HENDERSON TRUSTEE 1.00 X 0 0 0 DAVID J HORAZDOVSKY TRUSTEE 1.00 X 0 0 0 KEITH A JOHANNESON TRUSTEE 1.00 X 0 0 0 TAMMY LEE TRUSTEE 1.00 X 0 0 0 STEPHANIE LUNDQUIST TRUSTEE 1.00 X 0 0 0 DR ROLAND D MARTINSON TRUSTEE 1.00 X 0 0 0 DR BRADLEY MILLER TRUSTEE 1.00 X 0 0 0 ROSA M MILLER TRUSTEE 1.00 X 0 0 0 REV JENNIFER NAGEL TRUSTEE 1.00 X 0 0 0 RONALD D OFFUTT TRUSTEE 1.00 X 0 0 0 KAREN A PAUL TRUSTEE 1.00 X 0 0 0 REV MARY PECHAUER TRUSTEE 1.00 X 0 0 0 HAROLD POPE TRUSTEE 1.00 X 0 0 0 BETH ANN RENNER TRUSTEE 1.00 X 0 0 0 JAMES E SENSKE TRUSTEE 1.00 X 0 0 0 REV WILLIAM TESCH TRUSTEE 1.00 X 0 0 0 DR RICHARD L TORGERSON TRUSTEE 1.00 X 0 0 0 DR MARK N WILHELM TRUSTEE 1.00 X 0 0 0 DR WILLIAM J CRAFT PRESIDENT 40.00 X 331471 0 55033 LINDA J BROWN TREASURER/VP FOR FINANCE 40.00 X 166869 0 14297 DR ALBERT KAGAN PROFESSOR OF RESEARCH IN MGMT INFORMATION SYSTEMS 40.00 X 164476 0 17104 KARL A STUMO VP, ENROLLMENT AND MARKETING 40.00 X 152846 0 15028 CHRISTOPHER J MASON DEAN, OFFUTT SCHOOL OF BUSINESS 40.00 X 142720 0 15471 REV TERRY BRANDT VP, ADVANCEMENT 40.00 X 138495 0 23336 DR LISA SETHRE-HOFSTAD VP, STUDENT DEVELOPMENT AND CAMPUS LIFE 40.00 X 132793 0 4902 1229670 0 145171 17 0 1 0 FRENZEL CONSTRUCTION INC 6975 DANIELLE LN NE BEMIDJI MN 56601 CONSTRUCTION 2550232 H2M INC 320 5TH ST N FARGO ND 58102 ADVERTISING 445120 DIVERSIFIED CONTRACTORS INC 635 10TH ST NE WEST FARGO ND 58078 CONSTRUCTION 412478 VERUS ADVISORY INC 800 FIFTH AVE STE 3900 SEATTLE WA 98104 INVESTMENT CONSULTING 322426 ELLUCIAN COMPANY LP 14083 COLLECTIONS CENTER DR CHICAGO IL 60693 IT CONSULTING 312041 12 86053 4834824 8284971 452361 13205848 EDUCATION, GENERAL 611310 80217134 80217134 DINING SERVICES 611310 6271653 4820493 1451160 RESIDENCE HALLS 611310 4025498 4025498 LANGUAGE VILLAGES 611310 3125643 3125643 DAY CARE SERVICES 611310 472269 472269 13742 13742 94125939 3612610 694454 2918156 143274 48097 95177 95177 95177 17810212 1555665 16254547 16254547 16254547 37655 86053 27394 10261 10261 1205566 1122809 82757 82757 OTHER REVENUE 900099 426998 426998 ADVERTISING 541800 19500 19500 446498 127833637 92712265 2165114 19750410 48131722 48131722 688709 500866 187843 34630305 29134823 4394588 1100894 -26537 -87319 -26852 87634 8415590 6987065 1273913 154612 2359614 1901407 362287 95920 53168 53009 159 119790 119790 2250 2250 826350 826350 2411718 1876293 527925 7500 210416 53068 157135 213 2996641 2432518 397551 166572 1406306 255330 1127694 23282 1250 1250 2725055 2617929 107126 453217 437302 9538 6377 82720 68432 9587 4701 1238099 1205816 32283 6393574 5475478 918096 754202 287671 466531 OTHER EXPENSES 2208552 743481 1434850 30221 RESALEABLE MERCHANDISE 1607788 1607788 REPAIRS AND MAINTENANCE 933936 775559 157736 641 UBI TAXES 3028 3028 118627463 103908641 12850003 1868819 14553708 13653733 8511099 5150076 3000000 0 5964921 4989854 821565 759569 295424 1232133 254641874 107647866 149223409 146994008 146089152 178672599 31463612 46796932 5518163 5601771 365441053 403850675 10516287 10550682 6335842 5156695 1997948 1015600 34604322 32333859 1913358 2468052 16064488 15666660 71432245 67191548 X 137152005 138272014 156856803 198387113 294008808 336659127 365441053 403850675 X 9206174 26478089 6966056 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 102873 102873 0 PART II-B, LINE 1: CONCORDIA COLLEGE IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. CONCORDIA COLLEGE PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $128,963 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2021, INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NON-LOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NON-LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 79.76% OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $102,873 OF CONCORDIA COLLEGE'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM CONCORDIA COLLEGE'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 64471 X X 0 0 1 X 149372433 3167106 44663820 9772860 187430499 142249487 21124842 -4834701 9167195 149372433 132989484 10014654 6558339 7312990 142249487 125611093 3103969 10214631 5940209 132989484 115100604 4570819 10953454 5013784 125611093 0.08700 0.91300 1 0 2811089 4782090 7593179 185394561 64198636 121195925 17919692 14379957 3539735 39254524 29069273 10185251 4479918 4479918 146994008 REAL ESTATE FUNDS 6693393 F FUNDS HELD IN TRUST 5315071 F PRIVATE EQUITY FUNDS 14131877 F HEDGE FUND 20656591 F 46796932 DEPOSITS 642436 ANNUITIES PAYABLE 15024224 15666660 X 114326383 26478089 8164356 34642445 79683938 813155 47336544 48149699 127833637 71676064 1198300 1198300 70477764 813155 47336544 48149699 118627463 PART III, LINE 4: THE COLLEGE HOLDS VARIOUS PAINTINGS, PRINTS, MOSAICS AND SCULPTURES. THE CONCORDIA COLLEGE ART COLLECTION IS AN EDUCATIONAL AND CULTURAL COMPONENT OF THE COLLEGE. IT INCLUDES SIGNIFICANT AND VALUABLE WORKS THAT REFLECT A VARIETY OF ARTISTIC CREATIVITY AND IMPART THE COLLEGE'S NORWEGIAN HERITAGE AND LOCATION IN THE UPPER MIDWEST. PART IV, LINE 2B: FUNDS HELD FOR OTHERS INCLUDE DEFERRED GIFT TRUSTS WHERE THE COLLEGE ACTS AS THE TRUSTEE AND THERE ARE OTHER BENEFICIARIES UPON MATURATION AND FUNDS HELD FOR STUDENT ORGANIZATIONS. PART V, LINE 4: THE INTENDED USE OF THE COLLEGE'S ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO FINANCE THE OPERATIONAL NEEDS OF THE COLLEGE, WHICH IN TURN WILL ALLOW THE COLLEGE TO FURTHER ITS MISSION. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE COLLEGE HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THE COLLEGE IS ALSO EXEMPT FROM STATE INCOME TAXES. THE COLLEGE 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 COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF APRIL 30, 2021 AND 2020. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 48,097. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 399,767. COST OF GOODS SOLD 1,122,809. ACTUARIAL ADJUSTMENT 6,566,289. DIRECT FUNDRAISING EXPENSES 27,394. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 47,336,544. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 48,097. COST OF GOODS SOLD 1,122,809. DIRECT FUNDRAISING EXPENSES 27,394. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 47,336,544. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD 33786 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 14774805 0 0 0 0 0 0 14808591 0 14808591 1 0 0 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 4: CONCORDIA COLLEGE INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621 OR DO NOT REPORT ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE COLLEGE TO FILE AN ADDITIONAL FORM 8621. SCHEDULE F, PART IV, LINE 5: CONCORDIA COLLEGE INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8865 OR DO NOT REPORT ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE COLLEGE TO FILE AN ADDITIONAL FORM 8865. COBBER FOOTBALL GOLF TOURNAMENT 93846 71906 21940 3747 11752 3649 2011 COBBER BASEABALL GOLF TOURNAMENT 20177 7007 13170 1764 1827 1035 410 1 9685 7140 2545 72 1016 111 123708 86053 37655 5583 14595 4684 2532 27394 10261 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 1891 47103739 SCHOLARSHIPS AND GRANTS - LANGUAGE VILLAGES 223 232805 EMERGENCY GRANTS TO STUDENTS 1674 795178 PART I, LINE 2: CONCORDIA COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. PART III, EMERGENCY GRANTS TO STUDENTS: EMERGENCY GRANTS TO STUDENTS REPRESENTS THE HIGHER EDUCATION RELIEF FUNDING PROVIDED BY THE CARES ACT FOR DIRECT DISTRIBUTION TO STUDENTS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR WILLIAM J CRAFT PRESIDENT 326884 0 0 0 4587 0 11047 0 43986 0 386504 0 0 0 DR ALBERT KAGAN PROFESSOR OF RESEARCH IN MGMT INFORM 162632 0 0 0 1844 0 5042 0 12062 0 181580 0 0 0 LINDA J BROWN TREASURER/VP FOR FINANCE 164868 0 0 0 2001 0 5543 0 8754 0 181166 0 0 0 KARL A STUMO VP, ENROLLMENT AND MARKETING 152522 0 0 0 324 0 5028 0 10000 0 167874 0 0 0 REV TERRY BRANDT VP, ADVANCEMENT 138171 0 0 0 324 0 0 0 23336 0 161831 0 0 0 CHRISTOPHER J MASON DEAN, OFFUTT SCHOOL OF BUSINESS 142227 0 0 0 493 0 4124 0 11347 0 158191 0 0 0 PART I, LINE 1A PRESIDENT CRAFT RECEIVED $36,000 FOR HOUSING AND PERSONAL SERVICES AS PART OF HIS COMPENSATION PACKAGE DURING THE YEAR. A CITY OF MOORHEAD MINNESOTA 416005386 61615DBT6 2016-03-01 42985294 CONSTRUCT & RENOVATE SCIENCE CENTER AND REFINANCE OUTSTANDING DEBT 0 0 0 A 10397304 43024857 2960744 690115 19693461 320332 19360205 2017 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF MOORHEAD, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 02/08/2021 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF THE ISSUE EXCEEDED THE ISSUE PRICE DUE TO INTEREST EARNINGS ON THE FUNDS. X 34 447269 FAIR MARKET VALUE X FARM COMMODITY 1 5092 FMV X PERSONAL PROPERTY 13 0 N/A 0 0 1 0 PART I, COLUMN (B): THE COLLEGE IS REPORTING THE NUMBER OF DONORS IN COLUMN (B), NOT THE NUMBER OF ITEMS DONATED. PART I, LINE 33: WHEN THE COLLEGE RECEIVES A DONATION WITH NO MARKETABILITY, SUCH AS DONATED MEMORABILIA OR HOUSEHOLD GOODS, IT IS THE COLLEGE'S POLICY NOT TO ATTACH A VALUE TO THE ITEM UPON RECEIPT OF THE GIFT. THE COLLEGE RECEIVED 13 GIFTS OF PERSONAL PROPERTY THAT WERE NOT ASSIGNED A VALUE. FORM 990, PART VI, SECTION A, LINE 1 ANNUALLY, NINE MEMBERS OF THE BOARD ARE DESIGNATED TO SERVE ON THE EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT AS MAY BE NECESSARY ON BEHALF OF THE BOARD BETWEEN MEETINGS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS OF THE CORPORATION ASSEMBLY ELECT MEMBERS TO THE BOARD OF REGENTS. VOTING MEMBERS ARE MEMBERS OF THE BOARD OF REGENTS AND ONE PASTOR AND TWO LAY PEOPLE FROM EACH CONFERENCE OR CLUSTER IN THE CORPORATE TERRITORY WHICH COINCIDES WITH THE MEMBERSHIP OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA IN THE EASTERN NORTH DAKOTA SYNOD, THE WESTERN NORTH DAKOTA SYNOD, THE MONTANA SYNOD, THE NORTHEASTERN MINNESOTA SYNOD, THE NORTHWESTERN MINNESOTA SYNOD, AND THE MINNESOTA COUNTIES OF BIG STONE, STEVENS, POPE AND STEARNS IN THE SOUTHWESTERN MINNESOTA SYNOD. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS DELEGATED RESPONSIBILITY FOR REVIEW OF THE FORM 990 TO THE GOVERNANCE COMMITTEE. A PUBLIC INSPECTION OF THE FORM 990 WAS PROVIDED TO THE GOVERNANCE COMMITTEE OF THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO MEMBERS OF THE BOARD OF REGENTS AND TO KEY EMPLOYEES REPORTING DIRECTLY TO THE PRESIDENT. EACH OF THESE INDIVIDUALS IS EXPECTED TO ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF THE BOARD A STATEMENT DISCLOSING ALL MATERIAL FINANCIAL INTEREST ($10,000 OR MORE), KNOWN TO THE REGENT OR KEY EMPLOYEE, OF THE REGENT, KEY EMPLOYEE OR FAMILY MEMBER, IN ANY OUTSIDE ENTITY WITH WHICH THE REGENT OR KEY EMPLOYEE KNOWS THE COLLEGE HAS OR IS CONSIDERING A TRANSACTION OR OTHER BUSINESS RELATIONSHIP. ANNUAL DISCLOSURE STATEMENTS ARE REVIEWED BY THE SECRETARY, SUBMITTED TO THE CHAIR OF THE AUDIT COMMITTEE AND IF A MATERIAL FINANCIAL INTEREST IS DISCLOSED IT MAY BE REFERRED TO THE BOARD. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED REGENT WILL BE REQUIRED TO LEAVE THE MEETING PRIOR TO DISCUSSION OF AND VOTE ON THE PROPOSED TRANSACTION OR AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT IS DETERMINED IN AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS. THE REVIEW INCLUDES DATA FROM COMPARABLE INSTITUTIONS AND A DEFINED TARGET WITHIN THOSE INSTITUTIONS. THE REVIEW AND RECOMMENDATION REGARDING COMPENSATION ARE PRESENTED TO THE BOARD OF REGENTS FOR ACTION. THE DECISION IS RECORDED IN THE MINUTES OF THE MEETING AND WAS LAST CONDUCTED IN 2019. THE COMPENSATION FOR THE VICE PRESIDENTS IS DETERMINED IN AN ANNUAL REVIEW BY THE PRESIDENT. THE REVIEW INCLUDES DATA FROM COMPARABLE INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE PUBLIC INSPECTION COPY OF THE FORM 990 IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, LINE 14: THE COLLEGE HAS NOT ADOPTED AN ORGANIZATION-WIDE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY BUT DOES HAVE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICIES THAT COVER THE NEEDS OF EACH DEPARTMENT. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT 6,566,289. CASH SURRENDER VALUE OF LIFE INSURANCE 399,767. FORM 990, PART XII, LINE 2C: THE SELECTION AND OVERSIGHT PROCESS REGARDING THE FINANCIAL STATEMENT AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER UNITRUST (35) CHARITABLE TRUST MN CONCORDIA COLLEGE T 1 CHARITABLE REMAINDER ANNUITY TRUST (1) CHARITABLE TRUST MN CONCORDIA COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER UNITRUSTS (2) S 200345 CASH DISTRIBUTED