2020-10-01T15:06:39-07:00 2020-06-30 990 2019-07-01 930391563 CONCORDIA UNIVERSITY CONC 5032889371 2811 NE Holman St Portland OR 97211 Richard Doughty Interim CFO 5032889371 2020-10-01 73.240.214.122 2019 2021-01-29 14:40:06Z X Richard Dougty 2811 NE Holman Portland OR 97211 111617978 0 X www.cu-portland.edu X 1905 OR Concordia is a Christian University preparing leaders for the transformation of society. On February 7, 2020 the Concordia University Board of Regents voted to close the University and cease academic operations in 2020. Academic operations ceased in July 2020. 17 17 1611 25 0 0 3930913 3954780 107557448 101557687 26433 184849 7031564 5920662 118546358 111617978 26847540 28856470 0 0 38744430 36110625 0 0 1622370 57502041 65003018 123094011 129970113 -4547653 -18352135 111277409 88934105 75400826 71409657 35876583 17524448 X Concordia is a Christian University preparing leaders for the transformation of society. On February 7, 2020 the Concordia University Board of Regents voted to close the University and cease academic operations in 2020. Academic operations ceased in July 2020. 0 1 105902622 28856470 111617978 The primary purpose is to provide undergraduate and graduate degrees in pertinent areas of study, primarily in the caring professions, that are relevant and in keeping with the mission of the institution, which is Concordia is a Christian University preparing leaders for the transformation of society. 0 0 0 105902622 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 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 0 0 0 0 1 115 0 1 1611 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 OR WA X Richard Doughty 5032808129 2811 NE Holman St Portland OR 97211 Johnnie Driessner Interim President 40 0 X 259777 0 32452 Shawn Daley Executive Vice President Business Development & Innovation 40 0 X 150996 0 18853 Gregory Sergienko Professor of Law 40 0 X 121504 0 31440 Michelle Cowing Provost 40 0 X 132900 0 15819 Richard Doughty Interim CFO 40 0 X 129876 0 14084 Latonia H Keith Interim Dean, Law School 40 0 X 132900 0 9947 Megan Bouslaugh Chief Student Affairs Officer 40 0 X 123885 0 14862 Alisa Bates Dean, College of Education 40 0 X 121476 0 15373 Heather Stueve CUENET Director 40 0 X 113577 0 22771 Ann Grey Faculty Chair Coordinator, Professor of Doctoral Studies 40 0 X 123784 0 5568 Charles Brondos Board Member 1.25 0 X 0 0 0 Jeff Oltmann Board Member 1.25 0 X 0 0 0 Gerald Koll Board Member 1.25 0 X 0 0 0 Tom Zelt Board Member 1.25 0 X 0 0 0 Kathleen Hone Vice Chairman 1.25 0 X 0 0 0 Terry Wilson Secretary 1.25 0 X 0 0 0 Brian Yamabe Board Member 1.25 0 X 0 0 0 Chuck Gerken Chairman 1.25 0 X 0 0 0 Rod Wegener Board Member 1.25 0 X 0 0 0 Bev Peloquinn Board Member 1.25 0 X 0 0 0 Jerry Baltzell Board Member 1.25 0 X 0 0 0 Paul Linnemann Board Member 1.25 0 X 0 0 0 Kurt Onken Board Member 1.25 0 X 0 0 0 David Berger Board Member 1.25 0 X 0 0 0 Sam Wiseman Board Member 1.25 0 X 0 0 0 Timothy Pauls Board Member 1.25 0 X 0 0 0 Michael Borg Board Member 1.25 0 X 0 0 0 1410675 0 181169 13 0 1 0 Stoel Rives LLP 760 SW 9th Ave Portland OR 97205 Legal 649943 1616 Killingsworth LLP Urban Development Partners 116 NE 6th Ave Suite 400 Portland OR 97232 Student Housing 348530 Dell Marketing LP 1 Dell Way Round Rock TX 78682 IT services and supplies 136331 Taskstream Holdings LLC dba Watermark Insights LLP 71 W 23rd St New York NY 10010 Education support services 136525 Moss Adams LLC PO Box 101822 Pasadena CA 91189 Audit and consulting services 161560 7 0 0 0 0 0 3954780 0 3954780 Tuition and Related Fees 611310 101557687 101557687 0 0 0 0 0 0 101557687 3344 0 0 3344 0 0 0 0 0 0 0 0 7800 0 0 0 7800 0 7800 0 0 7800 0 181505 0 0 0 181505 181505 0 0 181505 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Auxiliary Exterprises (food service, housing) 611310 3833570 3833570 0 0 2079292 2079292 0 0 5912862 111617978 107470549 0 192649 X 0 0 28856470 28856470 0 0 0 0 1435630 639490 796140 0 0 0 0 0 27750652 21739486 5187845 823321 1831822 1361123 388053 82646 2647271 1331582 1236055 79634 2445250 1570948 796726 77576 0 0 0 0 1390516 120 1319874 70522 120192 4086 111582 4524 0 0 0 0 0 0 0 0 0 0 40544043 40457321 86722 0 453902 194481 49079 210342 75718 56167 17648 1903 3363792 1516117 1847675 0 0 0 0 0 1896975 493356 1403619 0 869020 723757 115390 29873 0 0 0 0 236693 51765 92041 92887 2971540 0 2971540 0 0 0 0 0 3156268 2444217 712051 0 593053 41769 551284 0 Utilities maintenance and plant operations 2673220 1684872 988348 0 Materials, supplies, minor & leased equipment 513036 89148 404735 19153 Contracted services 1118165 700607 409149 8409 Unemployment & worker's comp expenses 1963078 0 1963078 0 3063807 1945740 996487 121580 129970113 105902622 22445121 1622370 2527014 3119425 0 0 5973634 795508 8686768 3005231 0 0 0 0 497347 495024 0 0 10264235 1121750 105968653 38165286 70278032 67803367 302118 262594 0 0 0 0 0 0 12748261 12331206 111277409 88934105 5908440 16052880 0 0 15122515 0 4974937 4850000 0 0 0 0 38632631 36648419 0 0 10762303 13858358 75400826 71409657 X 18302882 3313064 17573701 14211384 35876583 17524448 111277409 88934105 -18352135 0 0 0 0 0 X 0 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 602715 3721 0 0 0 0 606436 598994 3525 196 0 0 0 602715 591435 7363 196 0 0 0 598994 587933 11425 192 8115 0 0 591435 585887 9972 189 8115 0 0 587933 0.26 0.74 0 0 0 1517503 0 1517503 70776721 0 22801104 47975617 19968441 0 3743521 16224920 13705988 0 11620661 2085327 0 0 0 0 67803367 Cash surrender value of life insurance 59862 Interest in net assets of Concordia University Foundation 12017842 Funds held by a third party trustee 253502 12331206 0 Line of Credit 13733465 Deposits Payable 9927 Funds held in custody for others 109866 Undistributed Endowment Earnings 5100 13858358 Schedule D, Part V, Line 4 Endowments are used to provide student scholarships 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 Schedule E, Part I, Line 3 The University policy is to annually publicize its racially nondiscriminatory policy in the local newspaper along with other members of the Oregon Association of Independent Colleges and Universities. The University's racially nondiscriminatory policy is also prominently displayed in its promotional and recruitment brochures. Schedule E, Part I, Line 6 The University received student financial aid from the Department of Education and grant awards from local governments. The University ceased to have federal funds authorization from the Department of Education on July 11, 2020 for the Portland location and July 24, 2020 for the Boise location due to the Board's decision on February 7, 2020 to cease academic operations by the end of 2020. The University completed it's required Financial Student Aid audit covering the periods through July 31, 2020 and submitted the audit to the DOE. Concordia University Portland is no longer eligible for Federal funds and is in the process of ceasing operations. 1 Institutional grants 5150 28856470 0 Schedule I, Part I, Line 2 Funds are directly applied to eligible student accounts who are registered for sufficient tuition credits according to federal guidelines. Credit balances on student accounts are refunded automatically to either the student or to the original sources of the funds. X 1 1 X 0 0 0 0 0 0 0 0 0 Johnnie Driessner Interim President 259777 0 0 0 2484 0 15549 0 14419 0 292229 0 0 0 Shawn Daley Executive Vice President Business Development & Innovation 150996 0 0 0 0 0 13500 0 5353 0 169849 0 0 0 Gregory Sergienko Professor of Law 121504 0 0 0 0 0 11061 0 20379 0 152944 0 0 0 Schedule J, Part I, Line 1a Dues are paid to the University Club of Portland for the President. The University Club is an invitation only club to individuals who have distinguished themselves in the university or similar field. The use of the club is primarily for Concordia University business. The compensation provided to the President includes a ministerial housing allowance as is allowed for ministers of the gospel. Form 990, Part III, Line 3 On February 7, 2020 the Board of Regents of Concordia University Portland voted to close the academic operation of the University by the end of 2020. That process was substantially complete by the end date of this filing. Form 990, Part VI, Section B, Line 11b The 990 is provided by email to the Board of Trustees prior to filing for their review. Form 990, Part VI, Section B, Line 12c It is required on an annual basis that each board member disclose in writing any potential conflicts of interest. If any are disclosed annually or in an interim period, the board discusses the disclosure directly with the member. Form 990, Part VI, Section C, Line 19 The documents are available to the general public upon written request. Form 990, Part IX, Line 11g Contracted services for marketing, recruitment and online operations management (program services expenses). Financial analysis consultants and misc (Management and General Expenses).