2015-11-05T16:53:34-06:00 2013-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2012-07-01 470378777 CONCORDIA UNIVERSITY CONC 4026437380 800 NORTH COLUMBIA AVE SEWARD NE 68434 DAVID L KUMM 4026437380 2015-11-03 1 TROY E MARINE CPA P00187863 4147775500 2015-11-03 2012 2016-03-07 17:11:31Z X CONCORDIA UNIVERSITY NEBRASKA DAVID L KUMM 800 NORTH COLUMBIA AVE SEWARD NE 68434 45510711 0 1709 X WWW.CUNE.EDU X 1894 NE FOUNDED IN 1894 BY THE LUTHERAN CHURCH-MISSOURI SYNOD, CONCORDIA UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING. THE MAIN CAMPUS IS LOCATED IN SEWARD, NEB. THE GRADUATE SCHOOL AND DEGREE COMPLETION PROGRAM ARE BASED IN LINCOLN NEBRASKA. CONCORDIA IS COMMITTED TO PROVIDING EXCELLENT PROFESSIONAL AND LIBERAL ARTS PROGRAMS IN AN ENVIRONMENT THAT RICHLY SUPPORTS THE CHRISTIAN GROWTH OF ITS STUDENTS. 2,527 STUDENTS REGISTERED FOR THE 2013 TERM. 17 14 900 226 0 0 6499392 5247663 36742832 38756167 1513886 1299098 -2427 -5714 44753683 45297214 13046046 13616907 0 0 14140500 14486728 43794 47022 1301045 13988172 15834676 41218512 43985333 3535171 1311881 91091218 95629877 29193482 30884710 61897736 64745167 X CONCORDIA UNIVERSITY, NEBRASKA IS AN EXCELLENT ACADEMIC AND CHRIST-CENTERED COMMUNITY EQUIPPING MEN AND WOMEN FOR LIVES OF LEARNING, SERVICE AND LEADERSHIP IN THE CHURCH AND WORLD. VISION - BY 2015 CONCORDIA UNIVERSITY, NEBRASKA WILL GROW AND EXPAND ITS INFLUENCE TO DIVERSE POPULATIONS BY FOSTERING COLLABORATION AND ADAPTING TO OUR CHANGING ENVIRONMENT WHILE REMAINING FAITHFUL TO OUR MISSION OF EXCELLENT CHRISTIAN EDUCATION. WHAT CONCORDIA STANDS FOR - THE UNIVERSITY IS COMMITTED TO THE CHRISTIAN GROWTH OF ITS STUDENTS THROUGH DEGREE PROGRAMS IN PROFESSIONAL EDUCATION AND THE LIBERAL ARTS. IN ADDITION, CONCORDIA'S FACULTY, STAFF AND STUDENTS ARE COMMITTED TO SERVICE TO THE CHURCH AND COMMUNITY AND TO SCHOLARLY ACTIVITY AND RESEARCH. 0 0 13616907 13616907 13616907 SCHOLARSHIP PROGRAMS: SCHOLARSHIP AWARDS. 1148 STUDENTS RECEIVED SCHOLARSHIPS FROM THE $13,616,907 SCHOLARSHIPS AWARDED. 19217810 0 19185613 HIGHER EDUCATION: CONCORDIA UNIVERSITY NEBRASKA PROVIDES A COMPLETE CHRISTIAN LIBERAL ARTS EDUCATION. THESE PROGRAM SERVICE EXPENSES ARE COSTS RELATED TO EDUCATING STUDENTS IN ALL UNIVERSITY PROGRAMS. (2527 TOTAL STUDENT COUNT) 3693275 5953647 AUXILIARY SERVICES - THE COST FOR STUDENT ROOM AND BOARD. ON AVERAGE CONCORDIA UNIVERSITY HOUSED 845 STUDENTS AND 940 USED CONCORDIA'S CAMPUS DINING SERVICES FOR A PLAN THAT ALLOWED 5 MEALS PER WEEK TO AN UNLIMITED NUMBER OF MEALS PER WEEK. 36527992 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 1 1 0 0 0 1 82 0 1 900 1 0 0 0 0 0 1 1 0 0 0 0 X 17 14 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X DAVID L KUMM CONCORDIA UNIVERSITY NE 4026437380 800 NORTH COLUMBIA AVE SEWARD NE 68434 ANDREW STADLER 0.60 0.60 X 0 0 0 EUGENE GIERKE 0.60 0.60 X 0 0 0 LESA COVINGTON CLARKSON 0.60 0.60 X 0 0 0 TIM SCHWAN 0.60 0.60 X 0 0 0 JILL WILD 0.60 0.60 X 12875 0 0 MAX WAKE 0.60 0.60 X 0 0 0 RUSSELL SOMMERFELD 0.60 0.60 X 0 0 0 PAUL SCHUDEL 0.60 0.60 X 0 0 0 BONNIE O'NEILL MEYER 0.60 0.60 X 0 0 0 TIMOTHY MOLL 0.60 0.60 X 720 0 0 LYLE MIDDENDORF 0.60 0.60 X 0 0 0 JOHN KUDDES 0.60 0.60 X 0 0 0 JAMES KNOEPFEL 0.60 0.60 X 11525 0 0 BARRY HOLST 0.60 0.60 X 0 0 0 KEITH GRIMM 0.60 0.60 X 0 0 0 ROBERT COOKSEY 0.60 0.60 X 0 0 0 DENNIS BRINK 0.60 0.60 X 4437 0 0 BRIAN FRIEDRICH 65.00 3.00 X 64585 0 228458 DAVID KUMM 55.00 0.60 X 106934 0 55817 JENNY MUELLER-ROEBKE 55.00 0.00 X 40946 0 144606 RICHARD MADDOX 55.00 2.00 X 32916 0 122554 SCOTT SEEVERS 55.00 0.00 X 3428 0 112218 278366 0 663653 1 0 1 0 KIEWIT BUILDING GROUP INC 15002 COLLECTION CENTER DR CHICAGO IL 60693 CONSTRUCTION COMPANY 3266269 CHARTWELLS FOODSERVICE PO BOX 91337 CHICAGO IL 606931337 FOODSERVICE 2147962 ARAMARK MANAGEMENT SERVICES ONE SERVICEMASTER WAY DOWNERS GROVE IL 60515 FACILITY MANAGEMENT 1678872 KINGERY CONSTRUCTION COMPANY 201 N 46 STREET LINCOLN NE 68503 CONSTRUCTION 1631017 EDUCATORS ADVANCEMENT GROUP 20624 ABBEY WOODS CT N FRANKFORT IL 604233198 CONSULTING 664007 11 17227 288017 446715 4495704 192827 5247663 TUITION AND FEES 900099 31520951 31520951 AUXILLARY SERVICES 900099 5953647 5953647 OTHER INCOME 900099 1281569 1281569 38756167 1189771 1189771 67613 67613 213926 24742 196954 0 16972 24742 41714 41714 10829 17227 16543 -5714 -5714 45297214 38756167 0 1293384 X 13616907 13616907 808151 229875 250395 327881 10461305 8612383 1432778 416144 722388 575678 112131 34579 2020722 1123940 838061 58721 474162 378626 66588 28948 13900 8900 5000 54000 54000 47022 47022 106316 106316 6463028 5714057 715934 33037 143621 26467 106896 10258 882331 571315 209368 101648 452715 89685 348372 14658 1694866 899830 786304 8732 946330 849901 30244 66185 98103 81897 6745 9461 1126406 990242 136164 2814301 2229762 564162 20377 110692 81785 28703 204 EQUIPMENT 306709 277335 28731 643 DUES 172907 83625 87422 1860 REPAIRS AND MAINTENANCE 95825 41036 53415 1374 HOSPITALITY 88479 49537 6299 32643 264147 4109 178368 81670 43985333 36527992 6156296 1301045 207515 36604 259642 386751 1747677 1386897 459080 512522 1063832 1135818 17912 10793 288468 343888 90204720 35898985 52471887 54305735 27607282 30171077 6967923 7339792 91091218 95629877 3730044 5101931 599825 1664832 21560000 21150000 3303613 2967947 29193482 30884710 X 16550948 16878552 19245844 20538051 26100944 27328564 61897736 64745167 91091218 95629877 X 1311881 1276613 258937 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 36557910 1797341 3068688 1466418 138450 39819071 34623374 2770357 454865 1167562 123124 36557910 27444019 1774388 6580081 1062720 112394 34623374 22973893 1600271 4155709 1188207 97647 27444019 25761126 1615049 -3059170 1254703 88409 22973893 0.05940 0.80130 0.13930 1 1 1 700972 700972 69258187 23559290 45698897 10759353 5684903 5074450 9486208 6654792 2831416 54305735 FUNDS HELD BY THIRD PARTY TRUSTEE 1682954 UNAMORTIZED BOND ISSUANCE COST 409999 DEPOSITS 11409 FUNDS ON DEPOSIT WITH BOND TRUSTEE 1372505 SPLIT INTEREST AGREEMENTS HELD BY 3RD PARTY 2601203 CASH SURRENDER VALUE OF LIFE INSURANCE 570948 ART WORK 46850 ACCRUED INTEREST RECEIVABLE 57024 BEQUESTS RECEIVABLE 586900 7339792 CAPITAL LEASE 493043 DEPOSITS PAYABLE 374366 FUNDS HELD IN CUSTODY OF OTHERS 52579 ASSET RETIREMENT OBLIGATION 594410 REFUNDABLE ADVANCES FEDERAL PERKINS 990460 DUE TO FOUNDATION 463089 2967947 SCHEDULE D, PART III, LINE 1 - CONCORDIA UNIVERSITY ELECTS NOT TO REPORT ON THE BALANCE SHEET COLLECTIONS OF ART AND HISTORICAL TREASURES. SCHEDULE D, PART III, LINE 4 - CONCORDIA OWNS THE BARTELS ROCK MUSEUM WHICH HAS MORE THAN 75 DISPLACES OF MINERALS, AGATE, FOSSILS AND ROCKS. IN 1983, A DONOR GIFTED A LARGE PORTION OF THEIR ROCK COLLECTION TO CONCORDIA, WHERE IT COULD BE ENJOYED BY STUDENTS AND VISITORS. CONCORDIA MAKES THIS AVAILABLE FOR PUBLIC DISPLAY WHICH IS EDUCATIONAL FOR THE CONCORDIA STUDENTS AND THE PUBLIC. THE ROCK MUSEUM IS OPEN TO THE PUBLIC AT NO CHARGE. CONCORDIA ALSO OWNS AND OPERATES THE MARXHAUSEN GALLERY WHICH HOUSES PERMANENT ART COLLECTIONS AND IS USED AS AN EXHIBITION LOCATION FOR STUDENTS TO SHARE THEIR SENIOR THESIS EXHIBITIONS AMONG OTHER EXHIBITIONS. THE GALLERY IS OPEN TO THE PUBLIC AT NO CHARGE. SCHEDULE D, PART V, LINE 4 - OUR ENDOWMENT FUND CONSISTS OF SEVERAL DIFFERENT INTENDED DESIGNATIONS. 88.6% OF THE FUND IS DESIGNATED FOR SCHOLARSHIPS, 6.0% OF THE FUND IS FOR INSTITUTIONAL SUPPORT, 2.9% IS FOR INSTRUCTIONAL/ACADEMIC SUPPORT AND 2.6% IS FOR STUDENT SERVICES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 CONCORDIA UNIVERSITY POLICY OF RACIAL NONDISCRIMINATION IS PUBLISHED IN "LUTHERAN WITNESS", "REPORTER", LOCAL NEWSPAPER AND THE ADMISSION OFFICE LITERATURE. THE ADMISSION OFFICE LITERATURE IS MADE AVAILABLE TO PROSPECTIVE STUDENTS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL AID ASSISTANCE IS RECEIVED FROM THE FOLLOWING PROGRAMS: FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, FEDERAL TEACH GRANT, FEDERAL WORK STUDY, FEDERAL DIRECT STUDENT LOANS, FEDERAL PERKINS LOAN AND FEDERAL FAMILY EDUCATION LOAN PROGRAMS. CENTRAL AMERICA AND THE CA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 24433 EUROPE (INCLUDING ICELAND) 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 254818 CENTRAL AMERICA AND THE CA 0 0 INVESTMENTS 3076299 0 0 0 0 0 0 3355550 0 3355550 1 0 0 1 0 0 SCHEDULE F, PART 1, LINE 3: THE FAIR VALUE OF INVESTMENTS HAS BEEN ESTIMATED USING THE NET ASSET VALUE PER SHARE OF THE INVESTMENTS AND IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE EXPENDITURES ARE RECORDED IN THE UNIVERSITY'S ENTERPRISE REPORTING SYSTEM USING THE ACCRUAL METHOD IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. X X X X X X 1 MEYER PARTNERS LLC 1701 E WOODFIELD RD STE 425 SCHAUMBURG IL 601735313 CONSULT ON DIRECT MAIL PROGRAMS 0 678660 36000 642660 678660 36000 642660 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC BULLDOG GOLF CLASSIC 28056 17227 10829 400 3053 7083 4289 0 1718 28056 17227 10829 400 3053 7083 4289 1718 16543 -5714 1 SCHOLARSHIPS 1148 13616907 0 BOOK SCHEDULE I, PART 1, LINE 2: FINANCIAL AID MONITORS ALL THE SCHOLARSHIPS THAT ARE AWARDED TO THE STUDENTS TO MAKE SURE THEY FALL WITHIN THE REQUIRED GUIDELINES. X 1 1 X X 0 0 0 0 0 0 0 0 0 BRIAN FRIEDRICH 64585 0 0 0 0 0 116000 0 121662 0 302247 0 0 0 DAVID KUMM 106934 0 0 0 0 0 23439 0 32378 0 162751 0 0 0 JENNY MUELLER-ROEBKE 40946 0 0 0 0 0 80260 0 64346 0 185552 0 0 0 RICHARD MADDOX 32916 0 0 0 0 0 32239 0 90315 0 155470 0 0 0 SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART I, LINE 1A - HOUSING ALLOWANCE. AS QUALIFIED MINISTERS OF RELIGION THE FOLLOWING INDIVIDUALS RECEIVED HOUSING ALLOWANCE AS A PART OF COMPENSATION; NOT REPORTABLE ON FORM W-2; BRIAN FRIEDRICH, JENNY MUELLER-ROEBKE, RICHARD MADDOX AND SCOTT SEEVERS. THESE INDIVIDUALS FOR IRS PURPOSES ARE CONSIDERED SELF-EMPLOYED. A NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 63966PQX5 2007-05-30 22651631 CONSTRUCTION OF FACILITY AND REFUNDING OF PRIOR ISSUE (8/31/05) 0 0 0 A 1520000 23533649 1372504 1288837 453033 13903548 6515727 2009 1 0 1 1 A 0 0 0 0 0.00050 0.00000 0.00050 1 0 1 A 0 0 1 1 0 0 1 2.200000000000 1 0 0 A 0 SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C: (A) ISSUER NAME: NEBRASKA EDUCATIONAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2012 SCHEDULE K, PART IV, LINE 5B CONSTRUCTION FUND - FSA CAPITAL MANAGEMENT, RESERVE FUND - SOCIETE GENERALE SCHEDULE K, PART IV, LINE 5C CONSTRUCTION FUND - 2.2 YEARS, RESERVE FUND - 8.3 YEARS SCHEDULE K, PART V WE ARE IN THE PROCESS OF ADOPTING VCAP PROCEDURES. BRIAN FRIEDRICH PRESIDENT, KEY EMPLOYEE 8775 TUITION WAIVER DEPENDENT TUITION WAIVER DAVID KUMM CFO, KEY EMPLOYEE 17838 TUITION WAIVER DEPENDENT TUITION WAIVER JAMES KNOEPFEL REGENT 13295 TUITION WAIVER DEPENDENT TUITION WAIVER JILL WILD REGENT 8224 TUITION WAIVER DEPENDENT TUITION WAIVER TIM MOLL REGENT 720 TUITION WAIVER DEPENDENT TUITION WAIVER LYNN KUMM SPOUSE OF OFFICER 34621 EMPLOYEE SALARY PAYMENT 0 MEYER PARTNERS LLC INDEPENDENT CONTRACTOR 150138 FUNDRAISING CONSULTING SERVICES 0 SCHEDULE L, PART IV: ALL TRANSACTIONS WITH INTERESTED PERSONS ARE AT ARMS LENGTH. REGENT BONNIE MEYER IS A PARTNER IN MEYER PARTNERS LLC. X 13 192827 AVERAGE OF HIGH LOW 0 1 1 THIRD PARTY USE: PART I, LINE 32B: SCHEDULE M, PART I, LINE 32B - DONORS WILL TRANSFER PUBLICLY TRADED STOCK IN TO OUR EDWARD JONES ACCOUNT AND EDWARD JONES WILL SELL THE STOCK AND ISSUE US PAYMENT. FORM 990, HEADER, LINE B: THE FOLLOWING CHANGES WERE MADE TO 990: - SCHEDULE B HAS BEEN ADJUSTED TO REPORT ACCRUAL METHOD OF GIFT VALUES. - SCHEDULE D HAS BEEN UPDATED TO REPORT THE ENDOWMENT INFORMATION THAT INCLUDES OUR RELATED ORGANIZATION, CONCORDIA FOUNDATION NEBRASKA. - SCHEDULE F HAS BEEN UPDATED TO ANSWER THE QUESTION ON SCHEDULE F, PART IV "YES" TO TRANSFER OF PROPERTY TO A FOREIGN CORPORATION DURING THE TAX YEAR DUE TO ALTERNATIVE INVESTMENTS. THE 990 FORM IS BEING AMENDED BECAUSE CONCORDIA UNIVERSITY NEEDS TO FILE FORM 926. FORM 990, PART VI, SECTION A, LINE 7B AS A POSTSECONDARY EDUCATION INSTITUTION OF THE LUTHERAN CHURCH MISSOURI SYNOD, THE CONCORDIA UNIVERSITY SYSTEMS BOARD OF HIGHER EDUCATION MAY HAVE FINAL APPROVAL OVER SOME DECISIONS. FORM 990, PART VI, SECTION B, LINE 11 ALL BOARD MEMBERS ARE GIVEN AN ELECTRONIC LINK TO REVIEW THE 990 ONLINE. THE FINANCE COMMITTEE OF THE BOARD OF REGENTS WILL REVIEW AND PRESENT TO THE BOARD. SCHEDULE B IS NOT SHARED WITH THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND CABINET OFFICER IS REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY YEARLY. THE GOVERNANCE COMMITTEE AND THE CHAIR OF THE BOARD ARE GIVEN COPIES OF THE BOARD MEMBERS SIGNED POLICIES AND A REVIEW IS PERFORMED AND CONFLICTS NOTED. FORM 990, PART VI, SECTION B, LINE 15 CURRENTLY THE PERSONNEL COMMITTEE MANAGES THE COMPENSATION BASED ON MARKET STUDY FOR THE PRESIDENT AND THE PRESIDENT WORKS WITH THE PERSONNEL COMMITTEE TO MANAGE THE CABINET OFFICERS. THE PERSONNEL COMMITTEE HAS DIRECT OVERSIGHT AND REQUESTS MARKET COMPARABILITY INFORMATION FOR THEIR REVIEW. THE MARKET COMPARABILITY IS DONE IN THE FALL. THIS WAS LAST DONE IN THE FALL OF 2013. CONCORDIA USES STATE OF NEBRASKA, CUPA-HR, GOPAC, CUS AND AICUN DATA WHEN AVAILABLE FOR THE COMPARABILITY INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 AT THIS TIME THEY ARE NOT READILY AVAILABLE TO THE PUBLIC. WE WOULD MAKE THEM AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G OTHER EXPENSES: PROGRAM SERVICE EXPENSES 5,714,057. MANAGEMENT AND GENERAL EXPENSES 715,934. FUNDRAISING EXPENSES 33,037. TOTAL EXPENSES 6,463,028. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN SPLIT-INTEREST AGREEMENTS 233,178. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL FUNDS 25,759. FORM 990, PART IX, LINE 11G: FOODSERVICE CONTRACTED SERVICES - $2,529,379; CONTRACTED SERVICES FOR GRADUATE RECRUITING - $1,208,002; CONTRACTED SERVICES FOR BUILDINGS AND GROUNDS - $1,872,252; ATHLETIC OFFICIALS - $55,791; CONTRACTED SERVICES FOR SECURITY - $216,058; OTHER MISCELLANEOUS CONTRACTED SERVICES AND STIPENDS - $581,546. REASONABLE CAUSE STATEMENT FOR WHY FORM 926 WAS NOT FILED: CONCORDIA UNIVERSITY SUBMITS THIS FORM 926 PURSUANT TO THE IRS'S DELINQUENT INTERNATIONAL INFORMATION RETURN SUBMISSION PROCEDURES. CONCORDIA IS NOT UNDER A CIVIL EXAMINATION OR A CRIMINAL INVESTIGATION BY THE IRS. CONCORDIA UNIVERSITY HAS NOT ALREADY BEEN CONTACTED BY THE IRS ABOUT DELINQUENT INFORMATION RETURNS. CONCORDIA UNIVERSITY CERTIFIES THAT IT WAS NOT ENGAGED IN TAX EVASION. CONCORDIA UNIVERSITY HAS REASONABLE CAUSE FOR ITS INADVERTENT FAILURE TO FILE IRS FORM 926. AS IS THE CASE WITH MANY NON-PROFITS WITH ENDOWMENT PORTFOLIOS, CONCORDIA UNIVERSITY INVESTS A PORTION OF ITS PORTFOLIO IN FUNDS WHICH EMPLOY THE "FUND OF HEDGE FUNDS" APPROACH. OUR INVESTMENT CONSULTANT RECOMMENDED THIS APPROACH DUE TO THEIR INVESTMENT OBJECTIVES WHICH ARE TO PROVIDE LOW PERFORMANCE VOLATILITY AND LOW CORRELATION WITH GLOBAL EQUITY AND FIX-INCOME MARKETS. LEADING UP TO THE INITIAL INVESTMENT AND THEN AT VARIOUS TIMES SUBSEQUENTLY, WE SOUGHT THE ADVICE OF AT AN ACCOUNTING FIRM, WHO WE ENGAGED TO HANDLE ALL AUDIT AND TAX WORK, IN REGARDS TO OUR FOREIGN REPORTING REQUIREMENTS CONCERNING THESE FUNDS. WE MADE INQUIRIES TO TAX PROFESSIONALS AT THIS FIRM ABOUT INTERNATIONAL TAX FILINGS, DISCLOSED ALL RELEVANT FACTS, AND RELIED ON ADVICE FROM THE ACCOUNTING FIRM WITH REGARD TO ALL INTERNATIONAL TAX FILINGS. THE PUBLIC ACCOUNTING FIRM FAILED TO ADVISE US REGARDING THE FORM 926 FILING REQUIREMENT. BASED UPON THIS, WE WERE UNDER THE MISTAKEN IMPRESSION THAT WE WERE NOT REQUIRED TO FILE ANY ADDITIONAL FORMS BEYOND THE SCHEDULE F (FORM 990), WHICH HAS BEEN APPROPRIATELY FILED EACH YEAR. FOR THE FISCAL YEAR ENDED ON JUNE 30, 2014, WE CONTRACTED WITH A NEW ACCOUNTING FIRM AND THEY PROVIDED US WITH A COMPREHENSIVE QUESTIONNAIRE FOCUSED ON POTENTIAL FILING REQUIREMENTS THAT MAY RESULT FROM ALTERNATIVE INVESTMENTS. AFTER COMPLETING THIS QUESTIONNAIRE, WE HAD A CONVERSATION WITH OUR NEW ACCOUNTANTS AND IT BECAME CLEAR THAT WE ARE REQUIRED TO COMPLETE FORM 926. BASED UPON THIS RECOGNITION, WE ARE NOW FILING AMENDED RETURNS FOR THOSE YEARS WHERE WE HAVE DETERMINED THAT FORM 926 SHOULD HAVE BEEN FILED. WE RESPECTIVELY REQUEST THAT ALL PENALTIES ASSOCIATED WITH THIS OVERSIGHT BE ABATED AS IT WAS NEVER OUR INTENTION TO DISREGARD THE REQUIREMENT TO FILE FORM 926. CONCORDIA FOUNDATION NEBRASKA 800 NORTH COLUMBIA AVE SEWARD NE 68434 476034005 SEE PART VII NE 501(C)(3) LINE 11A, I N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 CONCORDIA FOUNDATION NEBRASKA C 288017 COST SCHEDULE R, PART II: PRIMARY ACTIVITY PROMOTE THE UNIVERSITY THROUGH SOLICITATION OF FUNDS TO ENCOURAGE VARIOUS ACTIVITIES OF THE UNIVERSITY.