2024-05-15T14:40:18-05:00 2023-06-30 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2022-07-01 390833608 CONCORDIA UNIVERSITY INC CONC 2622435700 12800 N LAKE SHORE DRIVE MEQUON WI 53097 ROY PETERSON CFO 2622435700 2024-05-15 1 ROY PETERSON 999009999 1 JILL M BOYLE CPA P01246734 2627549400 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIELLE MARSH 12800 N LAKE SHORE DRIVE MEQUON WI 53097 166529061 0 X WWW.CUW.EDU X 1881 WI A LUTHERAN EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT. 25 25 2949 220 0 0 14851085 8146972 156966204 157147857 4731519 27355 17517 972655 176566325 166294839 49990319 49475119 0 0 74586160 73439640 0 0 3001811 50303537 48331353 174880016 171246112 1686309 -4951273 177844047 171284180 41833654 40086893 136010393 131197287 POST SECONDARY EDUCATION - CONCORDIA UNIVERSITY INC. IS A LUTHERAN HIGHER EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT FOR SERVICE TO CHRIST IN THE CHURCH AND THE WORLD. 0 0 101558644 157147857 4173 STUDENTS IN UNDERGRADUATE CLASSES, 3508 IN GRADUATE CLASSES, 1867 GRADUATES IN THE 2022-23 SCHOOL YEAR. THE UNIVERSITY HAS 95 BACHELOR MAJORS AND 82 MINORS, 48 MASTERS PROGRAMS, AND SIX DOCTORAL PROGRAMS. 49475119 49475119 STUDENT FINANCIAL AID PROGRAMS: FINANCIAL AID TO STUDENTS INCLUDING SCHOLARSHIPS, REMITTED TUITION, AND STIPENDS FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 151033763 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 8220 0 2949 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MI WI X DANIELLE MARSH 2622434533 12800 N LAKE SHORE DRIVE MEQUON WI 53097 REV JOHN BERG BOARD CHAIR 1.00 0.00 X 0 0 0 REV DAVID FLEMING BOARD VICE CHAIR 1.00 0.00 X 0 0 0 ROBERT DENKERT BOARD SECRETARY 1.00 0.00 X 0 0 0 DAVID ANDERSEN BOARD MEMBER 1.00 0.00 X 0 0 0 REV JONAH BURAKOWSKI BOARD MEMBER 1.00 0.00 X 0 0 0 TERRY DONOVAN BOARD MEMBER 1.00 1.00 X 0 0 0 PAULA HARRIS BOARD MEMBER 1.00 0.00 X 0 0 0 REV MICHAEL HENRICHS BOARD MEMBER 1.00 0.00 X 0 0 0 JENNIER LYNN KNOX BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID LAMBERT BOARD MEMBER 1.00 0.00 X 0 0 0 REV DR DAVID MAIER BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID PIEHLER BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES RISKE BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN SAUNDERS BOARD MEMBER 1.00 0.00 X 0 0 0 JON SCHUMACHER BOARD MEMBER 1.00 1.00 X 0 0 0 SCHOTT SCHWEITZER BOARD MEMBER 1.00 0.00 X 0 0 0 LISA SENKBEIL BOARD MEMBER 1.00 0.00 X 0 0 0 NATHAN WINGFIELD BOARD MEMBER 1.00 0.00 X 0 0 0 REV ALLEN BUSS LCMS ADVISORY 1.00 0.00 X 0 0 0 REV DAVID DAVIS LCMS ADVISORY 1.00 0.00 X 0 0 0 REV DR JAMISON HARDY LCMS ADVISORY 1.00 0.00 X 0 0 0 REV DR DWAYNE LUECK LCMS ADVISORY 1.00 0.00 X 0 0 0 CHRISTINE SPECHT-PALMERT ADVISORY 1.00 2.00 X 0 0 0 TERRANCE ROWINSKI ADVISORY 1.00 2.00 X 0 0 0 REV DR RICHARD STCKWISCH LCMS ADVISORY 1.00 0.00 X 0 0 0 ALLEN PROCHNOW COO 24.00 0.00 X 145677 0 3586 REV DR ROY PETERSON VICE PRESIDENT, CFO 40.00 2.00 X 130727 0 107061 DR WILLIAM CARIO INTERIM PRESIDENT (END 1/31/23) 40.00 2.00 X 111649 0 61862 DR ERIK ANKERBERG PRESIDENT (START 2/5/23) 40.00 2.00 X 0 0 0 DR MATTHEW HURTIENNE DEAN BSB/HSB 40.00 0.00 X 244683 0 40799 DR ERIK JORVIG DEAN, SCHOOL OF PHARMACY 40.00 0.00 X 236898 0 54789 DR DANIEL SEM VP RESEARCH & INNOV. 40.00 1.00 X 181686 0 50281 DR ERNIE STREMSKI FACULTY PA/MD 40.00 0.00 X 179344 0 43447 DR THOMAS PHILLIP VICE PRESIDENT IT (END 06/30/22) 40.00 0.00 X 213244 0 53361 1443908 0 415186 103 0 1 0 CATCON LLC 833 E MICHIGAN ST STE 1000 MILWAUKEE WI 53202 CONSTRUCTION 878151 BSN SPORTS LLC PO BOX 841393 DALLAS TX 78682 APPAREL 498949 MIDWEST FIBER NETWORK 6070 N FLINT RD GLENDALE WI 53209 CABLING INSTALLATION 349438 DELL MARKETING 1 DELL WAY ROUND ROCK TX 78682 COMPUTERS 272237 ELLUCIAN COMPANY LLC 62587 COLLECTION CENTER DR CHICAGO IL 60693 ERP PROVIDER 177931 14 2528858 3313335 2304779 8146972 TUITION AND FEES 611310 136948950 136948950 RESIDENCE HALL CHARGES 611310 14654926 14654926 FOOD SERVICE CHARGES 611310 5277234 5277234 OTHER AUXILIARY AND LOCAL SUPPORT 611310 266747 266747 157147857 261577 261577 30653 0 30653 30653 30653 234222 -234222 -234222 -234222 MISCELLANEOUS REVENUE 900099 942002 942002 942002 166294839 157147857 0 1000010 210744 210744 49264375 49264375 1061749 979725 54040 27984 48302375 43782940 3310995 1208440 3574737 3222429 269296 83012 16764342 16213037 551305 3736437 3127184 609253 250470 185501 58126 6843 60043 60043 1799331 665352 1021378 112601 4133145 257116 3862774 13255 5314773 3986281 1328492 2600967 1912039 688928 2051726 2037966 13760 551221 332292 193427 25502 2492590 2274072 218518 750793 750793 7064530 6144252 920278 1705410 88066 1617344 PROPERTY PLANT & EQUIP 15402964 14011116 1371526 20322 UTILITIES 2264176 2264176 VARIOUS OTHER EXPENSES 1704709 752162 952547 EQUIPMENT RENTAL 184505 75100 109405 171246112 151033763 17210538 3001811 7096196 628935 2087263 1788345 4017428 7793885 271635 296610 1588641 1008917 246235089 89371143 159182241 156863946 1892305 1331247 1708338 1572295 177844047 171284180 4692782 4244800 4832502 4389131 23604656 22504974 8703714 8947988 41833654 40086893 X 115118446 120649392 20891947 10547895 136010393 131197287 177844047 171284180 X -4951273 164012 -25845 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 40000 0 0 X X 0 115884253 4198624 7104961 2195867 -4835 124996806 121557055 3864138 -6995134 2541806 115884253 91389352 4220221 27964169 1339845 676842 121557055 92320906 2450080 -821747 2559887 91389352 89130056 1484688 3334314 1628152 92320906 0.91450 0.05235 0.03315 1 1 1 13894903 13894903 190285791 61954567 128331224 18334612 9753214 8581398 23692988 17663362 6029626 26795 26795 156863946 DEPOSITS PAYABLE 2630112 AGENCY FUNDS HELD IN CUSTODY FOR OTHERS 6317876 8947988 X PART III, LINE 4: CUI HOLDS A COLLECTION OF ARTWORK WHICH IS USED BY THE ART DEPARTMENT TO ENHANCE THE STUDENT'S STUDIES AND FOR PUBLIC EXHIBITION. PART V, LINE 4: THE MAIN INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS TO STUDENTS. MINIMAL ENDOWMENTS ARE DESIGNATED FOR GENERAL ORGANIZATIONAL MAINTENANCE AND SUPPORT. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY, THE FOUNDATION AND CU VENTURES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, CONCORDIA UNIVERSITY, INC., CONCORDIA UNIVERSITY WISCONSIN FOUNDATION, INC. AND CU VENTURES ARE NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSE (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE UNIVERSITY, FOUNDATION AND CU VENTURES ARE ALSO EXEMPT FROM STATE INCOME TAXES. THE UNIVERSITY, FOUNDATION AND CU VENTURES EVALUATE UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS, AND THERE HAVE BEEN NO RECORDED UNCERTAIN TAX POSITIONS RECORDED IN 2023, 2022, OR 2021. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY, FOUNDATION AND CU VENTURES FILE VARIOUS FEDERAL OR STATE NON PROFIT TAX RETURNS. THE UNIVERSITY, FOUNDATION AND CU VENTURES ARE NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2020. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IT IS ON THE WEBSITE AND REFERENCED DURING ADMISSION AND ENTRANCE REQUIREMENTS GENERAL INFORMATION- CUI ADMITS QUALIFIED STUDENTS OF ANY RACE, COLOR, OR NATIONAL OR ETHNIC ORIGIN TO ALL PROGRAMS AND ACTIVITIES AND IS NON-DISCRIMINATORY IN THE ADMINISTRATION OF ITS POLICIES OR PROGRAMS. TO BE CONSIDERED FOR ADMISSION TO CUI, A STUDENT MUST BE A GRADUATE OF A REGIONALLY ACCREDITED HIGH SCHOOL OR ONE APPROVED BY ITS STATE UNIVERSITY. REQUESTS FOR EXCEPTIONS TO THIS REQUIREMENT MAY BE SUBMITTED BY CANDIDATES WHO ARE OTHERWISE QUALIFIED. SCHEDULE E, PART I, LINE 6 CUI IS A DIRECT LENDING INSTITUTION OF FEDERAL FUNDS. WE ALSO RECEIVE PELL, FSEOG, TEACH, AND DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS RELATED TO THE NURSING FIELD. 1 CUVENTURES INC 12800 N LAKE SHORE DRIVE MEQUON WI 53097 851566395 503(C)(3) 210744 0 AMOUNT GIVEN TO SUPPORTING ORGANIZATION SUPPORT 1 SCHOLARSHIPS AND GRANTS 5123 49264375 PART I, LINE 2: CUI AWARDS SCHOLARSHIPS AND FINANCIAL AID TO STUDENTS BASED ON FINANCIAL NEED, TALENT, AND/OR ACADEMIC MERIT AND PROGRAMS. FEDERAL AND STATE PROGRAMS ARE AWARDED BASED ON RESPECTIVE PROGRAM REQUIREMENTS. FEDERAL AND STATE PROGRAMS ARE COMPLIANCE TESTED YEARLY IN CONJUNCTION WITH THE INDEPENDENT AUDIT AND AUDITOR REPORTS / NEWSLETTERS ARE SUBMITTED TO ALL ORGANIZATIONS AS REQUIRED BY THE PROGRAMS. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 DR ERIK JORVIG DEAN, SCHOOL OF PHARMACY 236898 0 0 0 0 0 53974 0 815 0 291687 0 0 0 DR MATTHEW HURTIENNE DEAN BSB/HSB 244683 0 0 0 0 0 40799 0 0 0 285482 0 0 0 DR THOMAS PHILLIP VICE PRESIDENT IT (END 06/30/22) 139094 0 0 0 74150 0 41549 0 11812 0 266605 0 0 0 REV DR ROY PETERSON VICE PRESIDENT, CFO 130727 0 0 0 0 0 25455 0 81606 0 237788 0 0 0 DR DANIEL SEM VP RESEARCH & INNOV. 181686 0 0 0 0 0 44915 0 5366 0 231967 0 0 0 DR ERNIE STREMSKI FACULTY PA/MD 179344 0 0 0 0 0 36872 0 6575 0 222791 0 0 0 DR WILLIAM CARIO INTERIM PRESIDENT (END 1/31/23) 111649 0 0 0 0 0 45898 0 15964 0 173511 0 0 0 PART I, LINE 1A THOSE APPROVED BY THE BOARD AS "MINISTERS OF THE GOSPEL" RECEIVED A BOARD APPROVED HOUSING ALLOWANCE PERCENTAGE. CUI PAYS THE TRAVEL EXPENSES FOR THE EMPLOYEE AND A COMPANION TO ATTEND THE ONCE-A-YEAR OFF CAMPUS BOARD-ON BOARD MEETING. WILLIAM CARIO, ALLEN PROCHNOW, AND ROY PETERSON HAVE MEMBERSHIPS TO THE WISCONSIN CLUB PAID FOR BY CUI. THESE MEMBERSHIPS THAT ARE PAID FOR BY CUI ARE ALSO USED FOR MEETING WITH DONORS AND POTENTIAL DONORS, AS WELL AS OTHER BUSINESS CONTACTS. THESE MEMBERSHIPS ARE EXCLUSIVELY USED FOR BUSINESS PURPOSES. PART I, LINE 4A DR. THOMAS PHILLIP - $74,150 VARIOUS EMPLOYEE OR EMPLOYEE RELATIVE DISCLOSURE SUBJECT TO FERPA STEPHEN CARIO CHILD OF OFFICER 41198 WAGES 0 JILL KRELL SISTER OF OFFICER 78756 WAGES 0 DAVID CARIO CHILD OF OFFICER 10733 WAGES 0 SCHEDULE L, PART III THERE WERE VARIOUS EMPLOYEES AND RELATIVES OF EMPLOYEES THAT HAVE A RELATIONSHIP TO THE SCHOOL, AND THE DISCLOSURE OF THE TYPE OF ASSISTANCE AND THE AMOUNT OF THE ASSISTANCE GRANTED ARE SUBJECT TO FERPA LAW. FORM 990, PART VI, SECTION A, LINE 7A CUI IS AN LCMS UNIVERSITY. AS SUCH, IT IS REQUIRED TO TAKE VARIOUS ITEMS TO THE CONCORDIA UNIVERSITY SYSTEM (CUS) BOARD FOR APPROVAL. ADDITIONALLY, A PORTION OF THE CUI BOARD MEMBERS ARE ELECTED EVERY THREE YEARS AT THE NATIONAL LCMS CONVENTION, AND AT THE SOUTH WISCONSIN DISTRICT CONVENTION. FORM 990, PART VI, SECTION A, LINE 7B CUI IS AN LCMS UNIVERSITY. AS SUCH, IT IS REQUIRED TO TAKE VARIOUS ITEMS TO THE CUS BOARD FOR APPROVALS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY THE EXECUTIVE VICE PRESIDENT / CHIEF OPERATING OFFICER AND FORWARDED TO THE ORGANIZATION'S AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE IS MADE UP OF BOARD MEMBERS OF THE UNIVERSITY AND OF THE CUWF. AFTER REVIEW BY THE COMMITTEE AND FOLLOW-UP OF ANY QUESTIONS OR CONCERNS, THE FORM 990 AND RELATED SCHEDULES ARE FILED WITH THE IRS. THE AUDIT COMMITTEE REPORTS THE RESULTS OF ITS REVIEW TO THE BOARD OF REGENTS AND THE CUWF BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOARD MEMBERS ARE REQUIRED TO SIGN AND DATE A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY CONFLICTS AND PROPERLY ABSTAINING FROM ANY VOTES THAT MAY RELATE TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED USING INDUSTRY STANDARDS, WAICU ORGANIZATIONAL DATA, CUS ORGANIZATIONAL DATA, AND OTHER VARIOUS DATA RESOURCES. FINAL AMOUNTS ARE APPROVED BY THE BOARD OF REGENTS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERTEST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE PRESIDENT OR THE EVP/COO. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST -25,845. CONCORDIA UNIVERSITY WISCONSIN FOUNDATION 12800 N LAKE SHORE DRIVE MEQUON WI 53097 396077337 SUPPORT OF CUW WI 501(C)(3) LINE 7 CONCORDIA UNIVERSITY INC 1 CUVENTURES 12800 N LAKE SHORE DRIVE MEQUON WI 53097 851566395 SUPPORTING ORGANIZATION WI 501(C)(3) LINE 12A, I CONCORDIA UNIVERSITY WISCONSIN FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1