2025-03-08T15:38:51-06:00 2024-04-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2023-05-01 410693977 CONCORDIA COLLEGE CORPORATION CONC 2182994206 901 S 8TH ST MOORHEAD MN 56562 RACHEL CLARKE VP FOR FINANCE & TREASURER 2182993126 2024-11-01 1 1 KAREN A GRIES P00078514 6128764500 2025-03-04 2023 2025-03-06 01:10:19Z COLIN IRVINE 901 S 8TH ST MOORHEAD MN 56562 122450125 0 9386 X WWW.CONCORDIACOLLEGE.EDU X 1891 MN SEE SCHEDULE O.CONCORDIA COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE OF THE EVANGELICAL LUTHERAN CHURCH OF AMERICA OFFERING 65 MAJORS AND 12 PRE-PROFESSIONAL PROGRAMS. DURING THE 2023-2024 SCHOOL YEAR, CONCORDIA COLLEGE HAD AN ENROLLMENT OF 1,770 STUDENTS; 870 OF THESE STUDENTS WERE RESIDING IN DORMITORIES OR OTHER FORMS OF ON-CAMPUS HOUSING AND 1,061 STUDENTS PARTICIPATED IN SOME VARYING FORM OF A MEAL PLAN THROUGH THE ON-CAMPUS DINING SERVICE. 26 26 2639 664 2723685 0 16599399 27811347 74065467 74529387 1682434 12918869 1348469 1688933 93695769 116948536 23294627 24475488 0 0 49921810 52381311 1298 997 2550861 32260022 31972314 105477757 108830110 -11781988 8118426 371823467 384821980 56627586 51481711 315195881 333340269 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 47918480 23893654 47446651 CONCORDIA COLLEGE OFFERS BACHELOR OF ARTS AND BACHELOR OF MUSIC DEGREES, AS WELL AS A MASTER OF EDUCATION IN WORLD LANGUAGE INSTRUCTION. THE 2023-2024 ENROLLMENT WAS 1,770 STUDENTS, 397 OF WHOM MET THE REQUIREMENTS OF GRADUATION. 15682737 15676143 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 CAY FACILITY FOR FACULTY, STAFF AND STUDENTS. 49% OF ENROLLED STUDENTS LIVED IN ON-CAMPUS HOUSING, WHILE 64% OF THE ENROLLED STUDENT POPULATION PARTICIPATED IN ONE OF THE EIGHT MEAL PLAN OPTIONS OFFERED BY THE COLLEGE'S DINING SERVICE. 12693052 581834 9477228 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 18 DIFFERENT LANGUAGES WITH A 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 2023-2024, CONCORDIA LANGUAGE VILLAGES ENROLLED 4,731 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. 17676193 PUBLIC SERVICE, ACADEMIC SUPPORT, AND STUDENT SERVICES (COMBINED) 17676193 93970462 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 0 0 0 1 451 0 2639 1 1 1 0 0 0 0 1 1 0 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 EMILY GESS FINANCIAL CONTROLLER 2182994789 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 BETH ANN RENNER TRUSTEE 1.00 X 0 0 0 COREY L HAALAND TRUSTEE 1.00 X 0 0 0 DAVID J HORAZDOVSKY TRUSTEE 1.00 X 0 0 0 DOUGLAS HASTAD TRUSTEE 1.00 X 0 0 0 DR BRADLEY MILLER TRUSTEE 1.00 X 0 0 0 DR PATRICIA PEPPER TRUSTEE 1.00 X 0 0 0 ELIZABETH CHENEY TRUSTEE 1.00 X 0 0 0 HAROLD POPE TRUSTEE 1.00 X 0 0 0 JAMES E SENSKE TRUSTEE 1.00 X 0 0 0 JEAN E BYE TRUSTEE 1.00 X 0 0 0 KATIE E HASBARGEN TRUSTEE 1.00 X 0 0 0 MARK S JORDAHL TRUSTEE 1.00 X 0 0 0 MARYANN ANDERSON TRUSTEE 1.00 X 0 0 0 REV GARY R HENDERSON TRUSTEE 1.00 X 0 0 0 REV JENNIFER NAGEL TRUSTEE 1.00 X 0 0 0 REV LAMONT WELLS TRUSTEE 1.00 X 0 0 0 REV MARY PECHAUER TRUSTEE 1.00 X 0 0 0 REV WILLIAM TESCH TRUSTEE 1.00 X 0 0 0 ROBERT JOSSART TRUSTEE 1.00 X 0 0 0 RONALD D OFFUTT TRUSTEE 1.00 X 0 0 0 RUTH ANNA BUFFALO TRUSTEE 1.00 X 0 0 0 STEPHANIE LUNDQUIST TRUSTEE 1.00 X 0 0 0 TAMMY LEE TRUSTEE 1.00 X 0 0 0 TROY J BUTNER TRUSTEE 1.00 X 0 0 0 VICTOR E EVERSON TRUSTEE 1.00 X 0 0 0 DR WILLIAM J CRAFT PRESIDENT 40.00 X 632540 0 32983 DR COLIN IRVINE PRESIDENT 40.00 X 192074 0 45676 LINDA J BROWN TREASURER/VP FOR FINANCE 40.00 X 202757 0 23930 DR SUSAN J LARSON PROVOST AND DEAN OF THE COLLEGE 40.00 X 183958 0 14429 CHRISTOPHER J MASON DEAN, OFFUTT SCHOOL OF BUSINESS 40.00 X 154560 0 23595 DR LISA SETHRE-HOFSTAD VP STUDENT DEVEL. AND CAMPUS LIFE 40.00 X 162384 0 14557 MARY M KOSIR ED CONCORDIA LANGUAGE VILLAGES 40.00 X 164969 0 11702 KARL A STUMO VP, ENROLLMENT AND MARKETING 40.00 X 159306 0 11079 REV TERRY BRANDT VP FOR ADVANCEMENT 40.00 X 153807 0 106 2006355 0 178057 23 0 1 0 ZETAH CONSTRUCTION INC 1222 INDUSTRIAL PARK DR SE BEMIDJI MN 56601 CONSTRUCTION 3370138 HURON CONSULTING SERVICES LLC 550 W VAN BUREN ST CHICAGO IL 60607 CONSULTING 556067 FARGO LINOLEUM COMPANY 317 ROBERTS ST FARGO ND 58108 CONSTRUCTION 520976 MARCO 4510 HEATHERWOOD RD ST CLOUD MN 56301 PRINTING 427639 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR STE 500 RESTON VA 20191 IT CONSULTING 381019 22 25799 3059362 24726186 3875142 27811347 EDUCATION, GENERAL 611310 49737383 49737383 LANGUAGE VILLAGES 611310 10059062 10059062 DINING SERVICES 611310 9277321 6366793 2910528 RESIDENCE HALLS 611310 4509604 4509604 DAY CARE SERVICES 611310 555655 555655 390362 390362 74529387 3997937 -203843 4201780 124904 65278 59626 59626 59626 13036418 29114 4110600 34000 8925818 -4886 8920932 8920932 148629 25799 73140 75489 75489 1333563 1218571 114992 114992 OTHER REVENUE 900099 702122 702122 CONFERENCES AND EVENTS 900099 465106 465106 SWIMMING LESSONS 900099 140035 140035 131563 114563 17000 1438826 116948536 72600022 2723685 13813482 24475488 24475488 1200271 837891 362380 38677057 33123910 4231615 1321532 2065790 1666635 282839 116316 7729578 6487453 937212 304913 2708615 2265065 316291 127259 93656 93656 131782 131782 997 997 808034 808034 2517719 2019040 498009 670 183308 129203 53375 730 2062584 1684077 201213 177294 1814334 235464 1573537 5333 8129 8129 2812896 2741000 71896 3645250 3324665 226588 93997 158921 118764 36449 3708 657524 632032 25492 5687816 5025810 662006 988780 388960 599820 RESALEABLE MERCHANDISE 6065346 6065346 OTHER EXPENSES 3174892 2513230 625930 35732 REPAIRS AND MAINTENANCE 1161343 1066191 95152 108830110 93970462 12308787 2550861 5719908 13815653 3773166 2889960 2859928 2102009 793535 796850 674158 508171 267105489 120405340 144671105 146700149 154974573 151817549 52880877 60555442 5476217 5636197 371823467 384821980 11626820 10597753 3266316 1874590 1827110 2794121 27455975 24686347 1824303 1663791 10627062 9865109 56627586 51481711 X 126847420 127588944 188348461 205751325 315195881 333340269 371823467 384821980 X 8118426 7832479 2193483 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 103158 103158 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 THE 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 $128,509 DURING THE TAXABLE YEAR. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 80.27% 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, $103,158 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. 37324 X X 0 0 1 X 171705611 4362543 18581192 10689916 183959430 177341871 5885266 1749782 13271308 171705611 187430498 4927265 -6458298 8557594 177341871 149372432 3167106 44663820 9772860 187430498 142249486 21124842 -4834701 9167195 149372432 0.02300 0.97700 1 0 1019588 4622485 5642073 199829588 75042931 124786657 19157972 15445823 3712149 38544657 29916586 8628071 3931199 3931199 146700149 REAL ASSET FUNDS 2112729 F FUNDS HELD IN TRUST 4986744 F PRIVATE EQUITY FUNDS 28014872 F HEDGE FUNDS 25441097 F 60555442 DEPOSITS 526893 ANNUITIES PAYABLE 9338216 9865109 X 103059795 7832479 3550472 11382951 91676844 796204 24475488 25271692 116948536 84915407 1356989 1356989 83558418 796204 24475488 25271692 108830110 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 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, 2024 AND 2023. 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 65,278. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 141,303. COST OF GOODS SOLD 1,218,571. DIRECT FUNDRAISING EXPENSES 73,140. ACTUARIAL ADJUSTMENT 2,052,180. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 24,475,488. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 65,278. COST OF GOODS SOLD 1,218,571. DIRECT FUNDRAISING EXPENSES 73,140. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 24,475,488. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 132254 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 67701 EAST ASIA & PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 51896 CENTRAL AMERICA & CARIBBEAN 0 0 24297773 0 0 0 0 0 0 24549624 0 24549624 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. COBBER FOOTBALL GOLF TOURNAMENT 85406 11649 73757 15072 9564 3845 1878 COBBER BASEABALL GOLF TOURNAMENT 20431 20431 2072 3220 1503 452 4 68591 14150 54441 6150 16599 9810 250 2725 174428 25799 148629 23294 29383 15158 250 5055 73140 75489 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 1581 23893654 SCHOLARSHIPS AND GRANTS - LANGUAGE VILLAGES 462 581834 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 0 0 0 0 0 0 0 0 DR WILLIAM J CRAFT PRESIDENT 596279 0 0 0 36261 0 23100 0 9883 0 665523 0 0 0 DR COLIN IRVINE PRESIDENT 191326 0 0 0 748 0 11900 0 33776 0 237750 0 0 0 LINDA J BROWN TREASURER/VP FOR FINANCE 198851 0 0 0 3906 0 14560 0 9370 0 226687 0 0 0 DR SUSAN J LARSON PROVOST AND DEAN OF THE COLLEGE 183553 0 0 0 405 0 10860 0 3569 0 198387 0 0 0 CHRISTOPHER J MASON DEAN, OFFUTT SCHOOL OF BUSINESS 153440 0 0 0 1120 0 11200 0 12395 0 178155 0 0 0 DR LISA SETHRE-HOFSTAD VP STUDENT DEVEL. AND CAMPUS LIFE 161793 0 0 0 591 0 11163 0 3394 0 176941 0 0 0 MARY M KOSIR ED CONCORDIA LANGUAGE VILLAGES 164377 0 0 0 592 0 11507 0 195 0 176671 0 0 0 KARL A STUMO VP, ENROLLMENT AND MARKETING 113370 0 0 0 45936 0 5242 0 5837 0 170385 0 0 0 REV TERRY BRANDT VP FOR ADVANCEMENT 153455 0 0 0 352 0 0 0 106 0 153913 0 0 0 PART I, LINE 1A THE OUTGOING PRESIDENT CRAFT RECEIVED $6,000 FOR HOUSING AND PERSONAL SERVICES WHICH IS INCLUDED IN NONTAXABLE BENEFITS OF $9,883. AND PRESIDENT IRVINE RECEIVED $30,000 FOR HOUSING AND PERSONAL SERVICES WHICH IS INCLUDED IN NONTAXABLE BENEFITS OF $33,776. A CITY OF MOORHEAD MINNESOTA 416005386 61615DBT6 2016-03-01 42985294 CONSTRUCT & RENOVATE SCIENCE CENTER AND REFINANCE OUTSTANDING DEBT 0 0 0 A 18083257 43024857 2960744 690115 19693461 320332 19360205 2017 1 1 1 1 A 0 0 0 0 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 2 0 N/A X 21 3868423 FAIR MARKET VALUE X FARM COMMODITY 1 6719 FMV X PERSONAL PROPERTY 18 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 OR QUALIFIED APPRAISAL, SUCH AS DONATED HOUSEHOLD GOODS OR ART, IT IS THE COLLEGE'S POLICY NOT TO ATTACH A VALUE TO THE ITEM UPON RECEIPT OF THE GIFT. THE COLLEGE RECEIVED 18 GIFTS OF PERSONAL PROPERTY AND 2 GIFTS OF ARTWORK THAT WERE NOT ASSIGNED A VALUE. FORM 990, PART VI, SECTION A, LINE 1A 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 THE BISHOP OR BISHOP'S DESIGNEE FROM EACH SYNOD IN THE CORPORATE TERRITORY. 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 COPY 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 2023. A NEW PRESIDENT HAS BEEN APPOINTED, AND THEIR COMPENSATION PACKAGE HAS JUST BEEN ESTABLISHED. THIS DECISION MARKS A SIGNIFICANT STEP IN OUR ONGOING EFFORTS TO STRENGTHEN OUR LEADERSHIP TEAM. 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 2,052,180. CASH SURRENDER VALUE OF LIFE INSURANCE 141,303. 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 (27) 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 0