2019-03-14T09:59:05-05:00 2018-04-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2017-05-01 410693977 CONCORDIA COLLEGE CORPORATION CONC 2182994206 901 S 8TH ST MOORHEAD MN 56562 LINDA J BROWN TREASURER & VP FOR FINANCE 2182994206 2019-03-12 1 LAWRENCE H MOHR CPA P00447603 6128764500 38.88.188.75 2019-03-12 13:12:05 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 42991B41A32A13F77B110C5B470B2D73D8292482 2017 2019-02-21 02:37:17Z WILLIAM J CRAFT 901 S 8TH ST MOORHEAD MN 56562 145433918 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 64 MAJORS AND 12 PROFESSIONAL PROGRAMS. DURING THE 2017-2018 SCHOOL YEAR, CONCORDIA COLLEGE HAD AN ENROLLMENT OF 2,059 STUDENTS; 1,209 OF THESE STUDENTS WERE RESIDING IN DORMITORIES OR OTHER FORMS OF ON-CAMPUS HOUSING AND 1,523 STUDENTS PARTICIPATED IN SOME VARYING FORM OF A MEAL PLAN THROUGH THE ON-CAMPUS DINING SERVICE. 25 25 3578 790 1441725 0 24256247 13962497 99719459 101012132 2898304 21686923 1192947 780931 128066957 137442483 37641519 39877730 0 0 50123084 51899827 10581 5175 2279920 28755945 30828816 116531129 122611548 11535828 14830935 365607384 367218429 88756326 83352310 276851058 283866119 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 65863514 39186530 76053836 CONCORDIA COLLEGE OFFERS BACHELOR OF ARTS AND BACHELOR OF MUSIC DEGREES, AS WELL AS A MASTER OF EDUCATION IN WORLD LANGUAGE INSTRUCTION. THE 2017-2018 ENROLLMENT WAS 2,059 STUDENTS, 398 OF WHOM MET THE REQUIREMENTS OF GRADUATION. 14195686 0 12930312 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. 59% OF ENROLLED STUDENTS LIVED IN ON-CAMPUS HOUSING, WHILE 74% OF THE ENROLLED STUDENT POPULATION PARTICIPATED IN ONE OF THE EIGHT MEAL PLAN OPTIONS OFFERED BY THE COLLEGE'S DINING SERVICE. 12653908 691200 10743773 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 15 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. THE LANGUAGE VILLAGES ALSO OFFER PROGRAMS AT VARIOUS LEASED SITES THROUGHOUT MINNESOTA. DURING THE FISCAL YEAR 2017-2018, CONCORDIA LANGUAGE VILLAGES ENROLLED 10,718 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. 16393167 0 0 PUBLIC SERVICE, ACADEMIC SUPPORT, AND STUDENT SERVICES (COMBINED) 16393167 0 0 109106275 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 311 0 3578 1 1 1 0 0 0 0 0 1 1 0 0 0 X 25 25 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 RANDALL L BOUSHEK CHAIR 1.00 X X 0 0 0 DR EARL LEWIS VICE-CHAIR 1.00 X X 0 0 0 SOLVEIG STORVICK POLLEI SECRETARY 1.00 X X 0 0 0 REV LOWELL G ALMEN TRUSTEE 1.00 X 0 0 0 MARY ALICE BERGAN TRUSTEE 1.00 X 0 0 0 DR JULIE A BLEHM TRUSTEE 1.00 X 0 0 0 TROY J BUTNER TRUSTEE 1.00 X 0 0 0 KAREN L GRANDSTRAND TRUSTEE 1.00 X 0 0 0 DR DAVID M GRING TRUSTEE 1.00 X 0 0 0 COREY L HAALAND TRUSTEE 1.00 X 0 0 0 REV GARY R HENDERSON TRUSTEE 1.00 X 0 0 0 RACHEL C HOLLSTADT TRUSTEE 1.00 X 0 0 0 TED HORAN ADVISORY MEMBER 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 DR ROLAND D MARTINSON 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 CONNIE NICHOLAS TRUSTEE 1.00 X 0 0 0 RONALD D OFFUTT TRUSTEE 1.00 X 0 0 0 MARY S RANUM TRUSTEE 1.00 X 0 0 0 JAMES E SENSKE TRUSTEE 1.00 X 0 0 0 DR RICHARD L TORGERSON TRUSTEE 1.00 X 0 0 0 JAN R WAYE TRUSTEE 1.00 X 0 0 0 DR MARK N WILHELM ADVISORY MEMBER 1.00 X 0 0 0 REV LAWRENCE R WOHLRABE TRUSTEE 1.00 X 0 0 0 JOHN E YDSTIE TRUSTEE 1.00 X 0 0 0 DR WILLIAM J CRAFT PRESIDENT 40.00 X 352188 0 66622 LINDA J BROWN TREASURER/VP, FINANCE 40.00 X 161826 0 19787 DR ERIC J ELIASON VP, ACADEMIC AFFAIRS 40.00 X 163117 0 12983 TERESA L HARLAND VP, ADVANCEMENT 40.00 X 155353 0 22868 K BREWER DORAN DEAN, OFFUTT SCHOOL OF BUSINESS 40.00 X 157461 0 16929 KARL A STUMO VP, ENROLLMENT AND MARKETING 40.00 X 153612 0 19570 BRUCE VIEWEG CIO & AVP FOR ACADEMIC AFFAIRS 40.00 X 136063 0 21182 RENE K CLAUSEN PROFESSOR OF CHORAL CONDUCTING 40.00 X 139449 0 10580 1419069 0 190521 24 0 1 0 MCGOUGH CONSTRUCTION CO INC 2737 FAIRVIEW AVE N ST PAUL MN 55113 CONSTRUCTION 10003646 DIVERSIFIED CONTRACTORS INC PO BOX 10506 FARGO ND 58106 CONSTRUCTION 668842 MARCO TECHNOLOGIES LLC 4510 HEATHERWOOD RD ST CLOUD MN 56302 PRINTING SERVICES 341571 RED RIVER TRAILS INCORPORATED 4838 S HWY 75 MOORHEAD MN 56560 TRANSPORTATION 303378 FOSS ARCHITECTURE AND INTERIORS INC 810 1ST AVE N FARGO ND 58102 ARCHITECTURE 291632 24 67842 1936294 11958361 2498435 13962497 EDUCATION, GENERAL 611310 76053836 76053836 LANGUAGE VILLAGES 611310 11434973 11434973 DINING SERVICES 611310 8235560 6851567 1383993 RESIDENCE HALLS 611310 4442354 4442354 DAY CARE SERVICES 611310 492761 492761 352648 352648 101012132 3142529 -7597 3150126 163024 30179 132845 132845 132845 20771790 4379719 1676248 4930867 19095542 -551148 18544394 18544394 54800 67842 46299 8501 8501 1456806 1307842 148964 148964 OTHER REVENUE 900099 425292 425292 ADVERTISING 541800 65329 65329 490621 137442483 99709634 1441725 22328627 39877730 39877730 867434 632756 234678 39585943 34124475 4252927 1208541 2076149 1708561 271345 96243 6688037 5643962 791782 252293 2682264 2268512 307503 106249 58041 572 44533 12936 102739 102739 5175 5175 257213 257213 2192804 1499373 693431 372386 246851 125256 279 3235758 3052195 16875 166688 1345169 241620 1091295 12254 3845 3845 4322258 4139690 182568 3955024 3490893 318859 145272 241776 163863 62948 14965 863045 836283 26762 6398178 5418459 979719 586272 216860 369412 RESALEABLE MERCHANDISE 2970739 2970739 OTHER EXPENSES 2663095 2088533 550342 24220 REPAIRS AND MAINTENANCE 1260474 1113259 147088 127 122611548 109106275 11225353 2279920 27015928 10683389 9488649 8562730 2473996 1681452 8467025 8334310 871916 814297 497440 605253 249567180 94233136 148444924 155334044 121448750 142874876 41868365 33227205 5030391 5100873 365607384 367218429 14479088 11962732 8281145 8415546 3098087 3722592 40878667 38969855 3512338 3368597 18507001 16912988 88756326 83352310 X 125321108 144339082 51377456 35402033 100152494 104125004 276851058 283866119 365607384 367218429 X 14830935 -11156570 3340696 X X 0 1 X 1 1 1 X 0 0 0 0 0 0 0 0 1 101266 101266 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 $126,109 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2018, 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 80.30% 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, $101,266 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. 82408 X X 0 0 1 X 125611093 3103969 10214631 5940209 132989484 115100604 4570819 10953454 5013784 125611093 112295924 10135123 -2827076 4503367 115100604 102264054 8692933 5167847 3828910 112295924 89593472 6512434 9409167 3251019 102264054 0.13500 0.72040 0.14460 1 0 2936951 4626765 7563716 183569989 53742351 129827638 16950056 12940790 4009266 41258154 27549995 13708159 225265 225265 155334044 REAL ESTATE FUNDS 6448038 F FUNDS HELD IN TRUST 4612493 F NOTES RECEIVABLE 27348 F PRIVATE EQUITY FUNDS 6059615 F HEDGE FUND 15286567 F STOCK - PRIVATELY HELD 793144 F 33227205 DEPOSITS 582361 ANNUITIES PAYABLE 16330627 16912988 X 91436199 -11156570 5276164 -5880406 97316605 248148 39877730 40125878 137442483 84421138 1935468 1935468 82485670 248148 39877730 40125878 122611548 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, 2018 AND 2017. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PLANT ASSETS 551,148. DIRECT RENTAL EXPENSES 30,179. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 171,254. COST OF GOODS SOLD 1,307,842. ACTUARIAL ADJUSTMENT 3,169,442. DIRECT FUNDRAISING EXPENSES 46,299. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 39,877,730. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PLANT ASSETS 551,148. DIRECT RENTAL EXPENSES 30,179. COST OF GOODS SOLD 1,307,842. DIRECT FUNDRAISING EXPENSES 46,299. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 39,877,730. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD 23150 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDY ABROAD 1000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 611060 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD 103902 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES STUDY ABROAD 34530 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 404 SUB-SAHARAN AFRICA 1 3 PROGRAM SERVICES TEACHING ENGLISH TO CHILDREN AS THEY MATRICULATE TO SECONDARY SCHOOL 18923 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 13369637 1 3 0 0 1 3 14162606 0 14162606 1 0 0 1 1 0 PART I, LINE 3: ACCRUAL 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. HOWEVER, THE COLLEGE DOES NOT MEET THE FILING REQUIREMENTS OF FORM 8865 AS A RESULT. COBBER FOOTBALL GOLF TOURNAMENT 62795 43096 19699 2408 9858 2629 2118 GRINAKER GOLF TOURNAMENT 23501 6340 17161 5975 5547 2126 3401 3 36346 18406 17940 3928 5538 2615 156 122642 67842 54800 12311 20943 7370 5675 46299 8501 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 1948 39186530 SCHOLARSHIPS AND GRANTS - LANGUAGE VILLAGES 841 691200 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. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DR WILLIAM J CRAFT PRESIDENT 298403 0 0 0 53785 0 18900 0 47722 0 418810 0 50000 0 LINDA J BROWN TREASURER/VP, FINANCE 160023 0 0 0 1803 0 11750 0 8037 0 181613 0 0 0 DR ERIC J ELIASON VP, ACADEMIC AFFAIRS 162527 0 0 0 590 0 11469 0 1514 0 176100 0 0 0 TERESA L HARLAND VP, ADVANCEMENT 155144 0 0 0 209 0 11633 0 11235 0 178221 0 0 0 K BREWER DORAN DEAN, OFFUTT SCHOOL OF BUSINESS 156569 0 0 0 892 0 11338 0 5591 0 174390 0 0 0 KARL A STUMO VP, ENROLLMENT AND MARKETING 153411 0 0 0 201 0 11284 0 8286 0 173182 0 0 0 BRUCE VIEWEG CIO & AVP FOR ACADEMIC AFFAIRS 133715 0 0 0 2348 0 10121 0 11061 0 157245 0 0 0 RENE K CLAUSEN PROFESSOR OF CHORAL CONDUCTING 138979 0 0 0 470 0 7621 0 2959 0 150029 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. PART I, LINE 4B A. A SECTION 457(F) PLAN WAS IN PLACE FOR WILLIAM J. CRAFT DURING THE YEAR THE PLAN BENEFIT IS $200,000 ACCRUED OVER A PERIOD FROM 1/1/13 - 7/1/15. ON 7/1/17, A PAYMENT OF $50,000 WAS MADE TO PRESIDENT CRAFT FROM THIS PLAN. A CITY OF MOORHEAD MINNESOTA 416005386 61615DBT6 2016-03-01 42985294 CONSTRUCT & RENOVATE SCIENCE CENTER AND REFINANCE OUTSTANDING DEBT 0 0 0 A 3722869 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 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF THE ISSUE EXCEEDED THE ISSUE PRICE DUE TO INTEREST EARNINGS ON THE FUNDS. RONDI MCGOVERN FAMILY MEMBER OF CURRENT TRUSTEE DISPOSITION OF DONATED STOCK X 1242200 420363 0 1 1 SHELLY NEAL FAMILY MEMBER OF CURRENT TRUSTEE DISPOSITION OF DONATED STOCK X 1242200 420363 0 1 1 CHRISTI OFFUTT FAMILY MEMBER OF CURRENT TRUSTEE DISPOSITION OF DONATED STOCK X 1242200 420363 0 1 1 RYAN OFFUTT FAMILY MEMBER OF CURRENT TRUSTEE DISPOSITION OF DONATED STOCK X 1242200 420363 0 1 1 1681452 X 51 1653656 FAIR MARKET VALUE X 1 791944 FAIR MARKET VALUE X 1 52835 FAIR MARKET VALUE X PERSONAL PROPERTY 28 0 N/A 0 0 1 1 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 28 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 2018. 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 3,169,442. CASH SURRENDER VALUE OF LIFE INSURANCE 171,254. 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 (50) 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 (5) S 890494 CASH DISTRIBUTED