2024-05-03T11:37:13-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 476034005 CONCORDIA FOUNDATION NEBRASKA CONC 4026437380 800 NORTH COLUMBIA AVE SEWARD NE 68434 BERNARD BULL PRESIDENT 4026437380 2024-04-30 1 BERNARD BULL 999009999 1 SARAH HINTZ P00492291 3037795710 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BERNARD BULL 800 NORTH COLUMBIA AVE SEWARD NE 68434 1301316 0 X WWW.CUNE.EDU X 1959 NE TO BE THE PRIME STRATEGIC AND FINANCIAL PARTNER OF CONCORDIA UNIVERSITY. 32 28 0 34 0 0 514201 550430 0 0 24862724 750886 0 0 25376925 1301316 724923 820786 0 0 0 0 0 0 0 124115 58680 849038 879466 24527887 421850 16239040 17520708 250 250 16238790 17520458 X THE MISSION OF CONCORDIA FOUNDATION NEBRASKA IS TO BE THE PRIME STRATEGIC AND FINANCIAL PARTNER OF CONCORDIA UNIVERSITY. THE FOUNDATION SEEKS TO PROVIDE THE UNIVERSITY THE FREEDOM IT NEEDS TO ACHIEVE ITS VISION FOR THIS YEAR AND BEYOND AND TO MAKE POSSIBLE THAT EVERY STUDENT WHO QUALIFIES ACADEMICALLY AND DESIRES PERSONALLY TO PREPARE FOR A LIFE OF SERVANT LEADERSHIP AT CONCORDIA MAY DO SO. 0 0 820786 820786 0 SUPPORT FOR PROGRAMS AT CONCORDIA UNIVERSITY, NEBRASKA. THE FOUNDATION WAS ABLE TO SUPPORT CONCORDIA UNIVERSITY, NEBRASKA WITH SCHOLARSHIP MONIES FOR 1,162 STUDENTS, LIBRARY BOOKS, FACULTY SUPPORT AND VISUAL ARTS. 820786 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 32 28 1 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 X DAVID KUMM 4026437338 800 N COLUMBIA BLVD SEWARD NE 68434 BENJAMIN BALL REGENT 0.60 0.60 X 0 0 0 KRISTA BARNHOUSE REGENT 0.60 0.60 X 0 0 0 STUART BARTRUFF REGENT 0.60 0.60 X 0 0 0 BRAD BIRTELL REGENT 0.60 0.60 X 0 0 0 DAN BUMAN DIRECTOR 0.60 0.60 X 0 0 0 RYAN BURGER REGENT 0.60 0.60 X 0 0 0 KRISTI BURMEISTER DIRECTOR 0.60 0.60 X 0 0 0 CRAIG ERNSTMEYER REGENT 0.60 0.60 X 0 0 0 JOHN FRASER REGENT 0.60 0.60 X 0 0 0 DOUG GAUNT REGENT 0.60 0.60 X 0 0 0 BYRON HANSEN DIRECTOR 0.60 0.60 X 0 0 0 GAIL HAWKINS REGENT 0.60 0.60 X 0 0 0 DICK HELMS REGENT 0.60 0.60 X 0 0 0 COL GLORIA HOBAN DIRECTOR 0.60 0.60 X 0 0 0 KRISTIE HOLTHUS HOLOCH DIRECTOR 0.60 0.60 X 0 0 0 TIMOTHY HU REGENT 0.60 0.60 X 0 0 0 RICHARD HUEBNER REGENT 0.60 0.60 X 0 0 0 SAMUEL HUEBNER DIRECTOR 0.60 0.60 X 0 0 0 TODD JOHNSON FACULTY REPRESENTATIVE 0.60 40.00 X 0 65430 57585 THOMAS MAURER DIRECTOR 0.60 0.60 X 0 0 0 BONNIE MEYER DIRECTOR, VICE-CHAIR 0.60 0.60 X X 0 0 0 DENNIS MEYER REGENT 0.60 0.60 X 0 0 0 TRUDY MEYER REGENT 0.60 0.60 X 0 0 0 TIMOTHY MOLL REGENT 0.60 0.60 X 0 0 0 JOHN NIKODYM DIRECTOR 0.60 0.60 X 0 0 0 KLINT PETERSON DIRECTOR 0.60 0.60 X 0 0 0 RICHARD SNOW REGENT 0.60 0.60 X 0 0 0 ANDREW STADLER DIRECTOR 0.60 0.60 X 0 0 0 DOUG TEWES REGENT 0.60 0.60 X 0 0 0 CHAD THIES REGENT 0.60 0.60 X 0 0 0 GLENN VAN VELSON DIRECTOR, SECRETARY 0.60 0.60 X X 0 0 0 ERIK VIESELMEYER REGENT 0.60 0.60 X 0 0 0 SHANE BAACK DIRECTOR 0.60 0.00 X 0 0 0 BERNARD BULL PRESIDENT 0.60 55.00 X 0 128766 145973 DAVID KUMM EVP, CFO 0.60 55.00 X 0 162462 104146 TIMOTHY PREUSS PROVOST 0.60 55.00 X 0 81992 174209 DAVID GENE BROOKS VP STUDENT AFFAIRS 0.60 55.00 X 0 93336 59665 GARY MCDANIEL VP ENROLLMENT 0.60 55.00 X 0 34630 135351 0 566616 676929 0 0 1 0 0 550430 550430 750886 750886 1301316 0 0 750886 820786 820786 58680 58680 879466 820786 58680 0 32626 32720 49479 277440 255000 15000 240000 240000 12834823 14347735 3082112 2622813 16239040 17520708 250 250 250 250 X 1797002 1836092 14441788 15684366 16238790 17520458 16239040 17520708 421850 859818 0 X 0 1 X 0 0 X X 1 CONCORDIA UNIVERSITY 470378777 2 1 820786 0 1 820786 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63865774 3769664 6102368 2871929 59143 70806734 67964544 7069630 -8714460 2435325 18621 63865774 51375080 6010383 12995624 2388714 27829 67964544 54034480 1773911 -2091552 2341756 51375083 51938466 2278529 1721016 2057448 -153917 54034480 0.09533 0.07520 0.82947 0 1 1 240000 240000 15000 15000 0 240000 DUE FROM CONCORDIA UNIVERSITY, NEBRASKA 2622813 2622813 X 51957994 859818 49855540 50715358 1242636 58680 58680 1301316 38548300 37727514 37727514 820786 58680 58680 879466 PART V, LINE 4: OUR ENDOWMENT FUND CONSISTS OF SEVERAL DIFFERENT INTENDED DESIGNATIONS: 80.4% IS FOR SCHOLARSHIPS 11.1% IS FOR INSTITUTIONAL SUPPORT 7.6% IS FOR INSTRUCTIONAL/ACADEMIC SUPPORT 0.9% IS FOR STUDENT SERVICES PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT BOTH CONCORDIA UNIVERSITY, NEBRASKA AND CONCORDIA FOUNDATION NEBRASKA ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE UNIVERSITY AND FOUNDATION ARE NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT THEY DERIVE INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO THEIR TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE UNIVERSITY AND THE FOUNDATION ARE ALSO EXEMPT FROM STATE INCOME TAXES. THE UNIVERSITY AND THE FOUNDATION FOLLOW 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 OR FOUNDATION FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. THE UNIVERSITY'S AND FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM RELATED ORGANIZATION REPORTED ON SEPARATE RETURN 50,676,326. INTERCOMPANY ELIMINATIONS -820,786. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RELATED ORGANIZATION REPORTED ON SEPARATE RETURN 38,548,300. INTERCOMPANY ELIMINATIONS -820,786. 1 CONCORDIA UNIVERSITY 800 NORTH COLUMBIA AVE SEWARD NE 68434 470378777 501(C)(3) 820786 0 N/A N/A TO SUPPORT CONCORDIA UNIVERSITY, NEBRASKA. 1 0 PART I, LINE 2: THE TREASURER REPORTS TO THE FOUNDATION THE FINANCIAL INFORMATION FOR BOTH CONCORDIA UNIVERSITY AND THE FOUNDATION. THE TREASURER FOR THE FOUNDATION IS ALSO THE CFO FOR CONCORDIA UNIVERSITY. THROUGH THE TREASURER'S REPORT THE BOARD IS ABLE TO MONITOR THE USE OF THE GRANT FUNDS. X 1 1 0 0 0 0 0 0 0 0 0 BERNARD BULL PRESIDENT 0 128766 0 0 0 0 0 25088 0 120885 0 274739 0 0 DAVID KUMM EVP, CFO 0 162462 0 0 0 0 0 17316 0 86830 0 266608 0 0 TIMOTHY PREUSS PROVOST 0 81992 0 0 0 0 0 23998 0 150211 0 256201 0 0 GARY MCDANIEL VP ENROLLMENT 0 34630 0 0 0 0 0 14025 0 121326 0 169981 0 0 DAVID GENE BROOKS VP STUDENT AFFAIRS 0 93336 0 0 0 0 0 3778 0 55887 0 153001 0 0 PART I, LINE 1A TIMOTHY PREUSS, GARY MCDANIEL, AND BERNARD BULL - HOUSING ALLOWANCE - NOT REPORTABLE IN TAXABLE INCOME OF THE EMPLOYEE. SINCE THE INDIVIDUALS ARE MINISTERS, THE AMOUNT OF INCOME IS NOT INCLUDED ON THEIR W-2. TIMOTHY PREUSS, FOR IRS PURPOSES IS CONSIDERED SELF-EMPLOYED. PART I, LINE 3 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 PERSONNELL COMMITTEE HAS DIRECT OVERSIGHT AND REQUESTS MARKET COMPARABILITY INFORMATION FOR THEIR REVIEW. THE LAST MARKET COMPARABILITY WAS COMPLETED FALL OF 2021, WITH A 5 YEAR TRAJECTORY. AT THE REQUEST OF THE PRESIDENT, IT CAN BE UPDATED BASED ON MORE CURRENT DATA WHEN AVAILABLE. CONCORDIA USES STATE OF NEBRASKA, CUPA_HR, GPAC, CUS AND CICN DATA. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE COMMITTEE IS MADE UP OF THE CHAIR, VICE CHAIR, PRESIDENT, SECRETARY, TREASURER AND TWO DIRECTORS. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS TO (A) AMEND, ALTER, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION, (B) ELECT, APPOINT, OR REMOVE ANY MEMBER OF THE EXECUTIVE COMMITTEE, AND (C) ADOPT A PLAN OF MERGER OR CONSOLIDATION, AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE CORPORATION, OR AMEND, ALTER, OR REPEAL ANY VOTE, ACTION, OR RESOLUTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 BONNIE AND DENNIS MEYER HAVE A FAMILY RELATIONSHIP. RICHARD AND SAMUEL HUEBNER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE COMMITTEE OF THE FOUNDATION SUBMITS NAMES TO THE BOARD OF DIRECTORS FOR ENDORSEMENT TO THE CONCORDIA UNIVERSITY BOARD OF REGENTS. THE BOARD OF REGENTS FOR CONCORDIA UNIVERSITY APPOINTS THE DIRECTORS TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF REGENTS FOR CONCORDIA UNIVERSITY MAY HAVE FINAL APPROVAL OF DECISIONS THE FOUNDATION MAKES THAT MAY AFFECT THE UNIVERSITY. ADDITIONALLY, THE BOARD OF REGENTS MUST ALSO APPROVE OF ANY ALTERATION, AMENDMENT, OR REPEAL OF THE ARTICLES OF INCORPORATION AND BYLAWS OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE OF THE FOUNDATION WILL REVIEW THE 990 FORM AND REPORT TO THE BOARD. SCHEDULE B IS NOT SHARED WITH THE EXECUTIVE COMMITTEE OR BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY YEARLY. THE CONFLICT OF INTEREST FORMS ARE SHARED WITH THE UNIVERSITY'S GENERAL COUNSEL FOR REVIEW AND DISCUSSED WITH THE FOUNDATION PRESIDENT AND CHAIR. THE EXECUTIVE COMMITTEE IS INFORMED WHEN THE REVIEW IS COMPLETED WITH ANY CONFLICTS NOTED. ANY DIRECTOR THAT HAS A PERCEIVED CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST IS ENCOURAGED NOT TO VOTE OR USE THEIR PERSONAL INFLUENCE ON THE MATTER, AND THEY SHOULD NOT BE COUNTED AS PART OF A QUORUM FOR THE MEETING. THE MINUTES OF THE MEETING SHOULD REFLECT THAT A DISCLOSURE WAS MADE, THE ABSTENTION FROM VOTING, AND THE QUORUM SITUATION. 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. CONCORDIA UNIVERSITY 800 NORTH COLUMBIA AVE SEWARD NE 68434 470378777 EDUCATION NE 501(C)(3) LINE 2 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0