2015-02-05T11:18:17-07:00 2014-06-30 990 2013-07-01 470378777 CONCORDIA UNIVERSITY CONC 4026437380 800 North Columbia Ave Seward NE 68434 Dave Kumm Executive VP, CFO,COO 4026437380 2015-02-05 2013 2016-03-07 17:11:31Z Concordia University Nebraska Brian Friedrich 800 North Columbia Ave Seward NE 68434 48514087 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. 2719 students registered for the 2014 term. 17 13 974 252 64930 -2240 5247663 6115001 38756167 40604074 1299098 1236834 -5714 -4574 45297214 47951335 13616907 14151398 0 0 14486728 15097806 47022 89494 1439489 15834676 16771365 43985333 46110063 1311881 1841272 95629877 101648774 30884710 32276826 64745167 69371948 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 14151398 14151398 14151398 Scholarship Programs: Scholarship Awards. 1137 students received scholarships from the $14,151,398 scholarships awarded. 20261718 0 20344144 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. (2719 total student count) 4032619 6043602 Auxiliary Services - the cost for student room and board. On average Concordia University housed 803 students and 903 used Concordia's campus dining services for a plan that allowed 80 meals per semester to 21 meals per week. Meal plans also include dining dollars that may be spent at the Dining Hall, 10:31 Coffee Shop or at the Dog House Grill. 0 0 0 38445735 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 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 72 0 974 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 13 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO KY MD MI NH NV OR SC WA X David Kumm 4026437380 Concordia University NE 800 North Columbia Ave Seward NE 68434 Dennis Brink Regent 0.6 0.60 X 0 0 0 Robert Cooksey Regent 0.6 0.60 X 0 0 0 Lesa Covington Clarkson Regent 0.6 0.6 X 0 0 0 Eugene Gierke Regent 0.6 0.6 X 0 0 0 Keith Grimm Regent 0.6 0.60 X 0 0 0 Barry Holst Regent 0.6 0.60 X 0 0 0 Jill Johnson Regent 0.6 0.6 X 0 0 0 James Knoepfel Regent - Secretary 0.6 0.6 X X 18428 0 0 John Kuddes Regent 0.6 0.6 X 0 0 0 Lyle Middendorf Regent 0.6 0.6 X 0 0 0 Timothy Moll Regent - Chair 0.6 0.6 X X 1454 0 0 Bonnie O'Neill Meyer Regent 0.6 0.6 X 0 0 0 Paul Schudel Regent - Vice Chair 0.6 0.6 X X 0 0 0 Tim Schwan Regent 0.6 0.6 X 0 0 0 Russell Sommerfeld Regent 0.6 0.6 X 0 0 0 Andrew Stadler Regent 0.6 0.6 X 0 0 0 Max Wake Regent 0.6 0.6 X 0 0 0 Jill Wild Regent 0.6 0.6 X 0 0 0 Brian Friedrich President 65 3 X 65203 0 201861 David Kumm Ex VP, CFO, COO 55 0.6 X 113700 0 61067 Scott Seevers VP for Enrollment, Student Services and Athletics 55 0 X 4074 0 116782 Jenny Mueller-Roebke Provost 55 0 X 42860 0 92044 Richard Maddox VP Institutional Advancement 55 2 X 16362 0 40022 Kurth Brashear Assoc VP Inst Adv/General Counsel 55 2 X 105508 0 49604 D Gene Brooks Assoc VP Student Affairs 50 0 X 26210 0 26134 393799 0 587514 2 0 1 0 Chartwells Foodservice PO Box 91337 Chicago IL 606931337 Foodservice 2577022 ARAMARK Management Services 1101 Market St Philadelphia PA 19107 Facility Management 2140431 Kingery Construction Company 201 N 46 Street Lincoln NE 68503 Construction 1021114 Educators Advancement Group 20624 Abbey Woods Ct N Frankfort IL 604233198 Consulting 755996 Deltak Edu LLC 1415 W 22nd St Ste 400 Oak Brook IL 60523 Consulting 713189 12 0 0 17830 373448 462975 5260748 269642 6115001 Tuition and Fees 900099 32826929 32826929 0 0 Auxiliary Services 900099 6043602 6043602 0 0 Other Income 900099 1129033 1064103 64930 0 Collaborative Arrangement Revenue 900099 604510 604510 0 0 0 0 0 0 40604074 1145917 0 0 1145917 67808 0 0 67808 0 0 0 0 0 0 0 0 0 0 0 0 0 0 553902 16128 546921 0 6981 16128 23109 0 0 23109 11257 17830 15831 -4574 0 -4574 0 47951335 40539144 64930 1232260 X 14151398 14151398 855583 332261 263221 260101 10921190 8993040 1437495 490655 725455 573073 113320 39062 2095516 1237269 774895 83352 500062 401094 76602 22366 8165 8165 54300 54300 0 89494 89494 121030 121030 7002083 6178139 789315 34629 119752 42817 63633 13302 942145 584401 265994 91750 566970 113881 433378 19711 1804949 1123515 668029 13405 908525 774468 42416 91641 126925 112574 6658 7693 1094937 969693 125244 2917836 2275117 622419 20300 106279 87294 319 18666 Repairs and Maintenance 78514 46210 30430 1874 Equipment 366945 323366 43312 267 Dues 170795 75562 90113 5120 Hospitality 104719 41335 8770 54614 276496 9228 185781 81487 46110063 38445735 6224839 1439489 36604 107157 386751 1037913 1386897 1565048 512522 737910 0 0 0 0 1135818 1024692 10793 8528 343888 648352 94180006 38383932 54305735 55796074 26165479 28668548 4005598 4225300 0 0 7339792 7829252 95629877 101648774 5101931 5111537 0 0 1664832 1960386 21150000 22409580 0 0 0 0 0 0 0 0 2967947 2795323 30884710 32276826 X 16878552 17843317 20538051 23160468 27328564 28368163 64745167 69371948 95629877 101648774 X 1841272 2467026 0 0 0 318483 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 46850 0 0 X 0 39819071 2233117 4709812 2140220 0 160353 44461427 36557910 1797341 3068688 1466418 0 138450 39819071 34623376 2770355 454865 1167562 0 123124 36557910 27444020 1774389 6580081 1062720 0 112394 34623376 22973893 1600271 4155709 1188206 0 97647 27444020 0.065 0.7535 0.1815 1 1 1 0 700972 700972 0 70399330 24952649 45446681 0 0 0 0 0 11203744 6588358 4615386 0 11875960 6842925 5033035 55796074 Funds Held by Third Party Trustee 1892001 Unamortized Bond Issuance Cost 407273 Deposits 6805 Funds on Deposit with Bond Trustee 1724679 Split Interest Agreements Held by 3rd Party 2890679 Cash Surrender Value of Life Insurance 508040 Art Work 46850 Accrued Interest Receivable 80925 Bequests Receivable 272000 7829252 0 Capital Lease 426045 Deposits Payable 378800 Funds Held in Custody of Others 53880 Asset Retirement Obligation 567318 Refundable Advances Federal Perkins 880910 Due to Foundation 488370 2795323 X Schedule D, Part III, Line 1 Concordia University elects not to report on the balance sheet the Bartels Rock Museum. Schedule D, Part III, Line 4 Concordia owns the Bartels Rock Museum which has more than 75 displays 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 Concordia students and the public. The Bartels 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 The endowment fund consists of several different intended designations. 87.9% of the fund is designated for scholarships, 6.0% of the fund is for institutional support, 3.6% is for instructional/academic support and 2.5% is for student services. Schedule D, Part X, Line 2 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, 2014 and 2013. The University's tax returns are subject to review and examination by federal and state authorities. The tax returns for fiscal years 2011 and thereafter are open to examination by federal and state authorities. 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 University's 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. 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 Educational Loan Programs. Central America and the Caribbean 0 0 Investments 4225300 Central America and the Caribbean 0 0 Program Services Educational Services 29931 Europe (including Iceland and Greenland) 0 0 Program Services Educational Services 68574 Sub-Saharan Africa 0 0 Program Services Educational Services 13626 East Asia and the Pacific 0 0 Program Services Educational Services 11700 0 0 4349131 1 0 0 1 0 0 Schedule F, Part I, 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 655387 35250 620137 Gonser Gerber LLP 1776 Legacy Cir Ste 100 Naperville IL 605631673 Fundraising Consultant 0 0 52791 -52791 655387 88041 567346 All States Bulldog Golf Classic 29087 17830 11257 400 2533 7049 4593 0 1256 0 0 29087 17830 11257 400 2533 7049 4593 0 1256 15831 -4574 1 Scholarships 1137 14151398 0 Schedule I, Part I, 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 President 65203 0 0 0 0 0 84280 0 117581 0 267064 0 0 0 David Kumm Ex VP, CFO, COO 113700 0 0 0 0 0 22352 0 38715 0 174767 0 0 0 Kurth Brashear Assoc VP Inst Adv/General Counsel 105508 0 0 0 0 0 26600 0 23004 0 155112 0 0 0 Schedule J, Part I, Line 1a As a qualified Minister of religion the following individual received housing allowance as a part of compensation; not reportable on form W-2; Brian Friedrich, this individual for IRS purposes is 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 B Nebraska Educational Health and Social Services Finance Authority 521293953 2013-11-15 1689580 Lease of Equipment 0 0 0 A 1950000 0 23533649 1372504 1288837 0 453033 0 0 13903548 6515727 0 2009 1 0 1 1 B 0 0 1689650 0 0 0 0 0 0 1337476 0 352174 0 0 0 1 A 0 0 0 0 0.022 0 0.022 1 0 1 B 0 0 0 0 0 1 0 0 A 0 0 0 1 0 0 1 See Part VI 2.2 1 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 Schedule K, Part I, Column f-05/30/2007 22,651,631 Nebraska Educational Finance Authority Construct facility and refund prior issue (08/31/05) Schedule K, Part II, Line 3-05/30/2007 22,651,631 Nebraska Educational Finance Authority 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-05/30/2007 22,651,631 Nebraska Educational Finance Authority Date the Rebate Computation was Performed: 05/31/2012 Schedule K, Part IV, Line 5b-05/30/2007 22,651,631 Nebraska Educational Finance Authority Construction Fund - FSA Capital Management, Reserve Fund - Societe Generale Schedule K, Part IV, Line 5c-05/30/2007 22,651,631 Nebraska Educational Finance Authority Construction Fund - 2.2 years, Reserve Fund - 8.3 years - - 54551 Tuition Waiver Dependent Tuition Waiver Lynn Kumm Spouse of Officer 36608 Employee Salary Payment 0 Meyer Partners LLC Independent Contractor 154733 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 7 146643 Average of High Low X Gift of Grain 3 15889 Market Value 0 0 1 1 Schedule M, Part I, Line 32b Donors will transfer publicly traded stock into our Edward Jones account and Edward Jones will sell the stock and issue us payment. Gifts of grain are delivered to a grain cooperative where the grain is sold at market value. Concordia University received 7 stock donations from 6 donors and 3 gifts of grain donations from 3 donors. Form 990, Part VI, Section A, Line 7a Four board members are elected by the Lutheran Church Missouri Synod in convention and four board members are elected by the NE District of the Lutheran Church Missouri Synod in convention, the President of the Lutheran Church Missouri Synod is a regent by virtue of holding that office. 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 11b 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 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 0f 2014. 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. Form 990, Part IX, Line 11g Program Service Expenses: Contracted Foodservice - $2,477,683; Contracted Graduate Recruiting - $1,620,980; Contracted Buildings and Grounds - $1,500,923; Contracted Officials - $51,770; Contracted Security - $172,423; Other - $354,360 Mgmt and General Expenses: Contracted Foodservice - $11,496; Contracted Buildings and Grounds - $409,867; Contracted Security - $47,085; Other - $320,867 Fundraising Expenses: Contracted Foodservice - $14,552; Contracted Buildings and Grounds - $13,470; Contracted Security - $1,547; Other - $5,060 Form 990, Part XI, Line 9 Change in beneficial interest in split-interest agreements $109,436; Change in beneficial interest in perpetual funds $209,047 Concordia Foundation Nebraska 800 North Columbia Ave Seward NE 68434 476034005 See Part VII NE 501(c)3 509(a)(3) Type I N/A 0 Pooled Trust (5) 1333 South Kirkwood Road St Louis MO 63122 Pooled Trust MO C Straight Unitrust (21) 1333 South Kirkwood Road St Louis MO 63122 Straight Trust MO C Annuity Trust (3) 1333 South Kirkwood Road St Louis MO 63122 Annuity Trust MO C Charitable Remainder Unitrust (1) 104 South 5th Street Seward NE 68434 Charitable Trust NE C Simple Trust (1) 1333 South Kirkwood Road St Louis MO 63122 Simple Trust MO C 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 Concordia Foundation Nebraska c 373448 Cost Schedule R, Part II Primary activity - promote the University through solicitation of funds to encourage various activities of the University. Extension was filed to allow more time for preparation and review. Extension was granted by the IRS.