2025-05-14T16:31:05-05:00 2024-06-30 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2023-07-01 851566395 CUVENTURES INC CUVE 2622435700 12800 N LAKE SHORE DRIVE MEQUON WI 53097 DANIELLE MARSH CFO 2622435700 2025-05-14 1 0 JILL M BOYLE CPA P01246734 2627549400 2025-05-14 2023 2025-03-06 01:10:19Z DANIELLE MARSH 12800 N LAKE SHORE DRIVE MEQUON WI 53097 162258 0 X WWW.CUW.EDU X 2020 WI EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CUWF. 5 2 0 2 0 0 393872 92099 0 0 30429 70159 0 0 424301 162258 0 0 0 0 107255 274191 0 0 1000 347971 331315 455226 605506 -30925 -443248 1694138 1621929 1033531 1109343 660607 512586 X CUVENTURES IS ORGANIZED, AND WILL AT ALL TIMES BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CONCORDIA UNIVERSITY WISCONSIN FOUNDATION, INC. (EIN: 39-6077337) 0 0 599117 OPERATIONALIZE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES (34% OF TIME AND 34% OF RESOURCES) - CUVENTURES WILL HELP COORDINATE AND TRANSLATE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES INTO PRODUCTS AND PROCESSES THAT ARE USEFUL FOR THE BETTERMENT OF HUMANITY, WITH AN EMPHASIS ON INNOVATIONS THAT ADDRESS UNMET MEDICAL AND HEALTHCARE NEEDS FOR THE GENERAL PUBLIC. THIS ACTIVITY WILL BE OVERSEEN BY THE BOARD OF DIRECTORS AND UNDERTAKEN BY A COMBINATION OF OFFICERS, DIRECTORS, VOLUNTEERS, AND EMPLOYEES FROM CUVENTURES, THE SUPPORTED ORGANIZATION, AND CONCORDIA UNIVERSITY. THIS ACTIVITY SUPPORTS CUVENTURES CHARITABLE AND SCIENTIFIC EXEMPT PURPOSES BY FURTHERING SCIENTIFIC KNOWLEDGE AND HELPING DEVELOP PRODUCTS AND PROCESSES THAT SERVE THE GREATER PUBLIC GOOD, INCLUDING IMPROVING HUMAN HEALTH THROUGH INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL DISCOVERIES.EDUCATION AND MENTORING (33% OF TIME AND 33% OF RESOURCES) - CUVENTURES WILL PROVIDE MENTORING AND EDUCATIONAL PROGRAMS ON ENTREPRENEURSHIP, IN PARTNERSHIP WITH CONCORDIA UNIVERSITY, WITH A FOCUS ON THE STUDENTS AND FACULTY OF CONCORDIA UNIVERSITY. THESE MENTORING AND EDUCATIONAL PROGRAMS WILL HELP TEACH STUDENTS, FACULTY, AND OTHERS ABOUT ENTREPRENEURSHIP AND HOW TO TRANSLATE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES INTO PRODUCTS AND PROCESSES THAT BETTER HUMANITY, SUCH AS BIOMEDICAL DISCOVERIES THAT IMPROVE MEDICAL AND HEALTHCARE OUTCOMES FOR THE GENERAL PUBLIC. THIS ACTIVITY WILL BE OVERSEEN BY THE BOARD OF DIRECTORS AND UNDERTAKEN BY A COMBINATION OF OFFICERS, DIRECTORS, VOLUNTEERS, AND EMPLOYEES FROM CU VENTURES, THE SUPPORTED ORGANIZATION, AND CONCORDIA UNIVERSITY. THIS ACTIVITY SUPPORTS CU VENTURES' EDUCATIONAL AND SCIENTIFIC EXEMPT PURPOSES BY FURTHERINGPRACTICAL KNOWLEDGE HOW TO OPERATIONALIZE SCIENTIFIC DISCOVERIES AND ENGAGE IN ENTREPRENEURSHIP AMONG FACULTY AND STUDENTS AT CONCORDIA UNIVERSITY.BUSINESS INCUBATOR ACTIVITIES (33% OF TIME AND 33% OF RESOURCES) - CUVENTURES WILL PROVIDE SEED FUNDING AND OTHER TYPES OF ASSISTANCE TO CERTAIN ENTREPRENEURS WITH A FOCUS ON ASSISTING WITH THE COMMERCIALIZATION OF ACADEMIC DISCOVERIES AND SCIENTIFIC RESEARCH FROM STUDENTS AND FACULTY OF CONCORDIA UNIVERSITY. THIS ACTIVITY MAY INCLUDE THE PROVISION OF EQUITY INVESTMENTS, LOW-INTEREST LOANS, FACILITIES, EQUIPMENT, AND ADMINISTRATIVE SERVICES,TO NEW AND EMERGING BUSINESSES. IN ADDITION TO FURTHERING AND ENHANCING THE EDUCATION OF CONCORDIA UNIVERSITY STUDENTS IN ENTREPRENEURSHIP AND SUPPORTING THE SCIENTIFIC RESEARCH OF CONCORDIA UNIVERSITY FACULTY, THIS ACTIVITY WILL FOSTER ECONOMIC DEVELOPMENT IN THE MILWAUKEE AREA. PORTIONS OF MILWAUKEE HAVE LONG BEEN AN ECONOMICALLY DEPRESSED AND BLIGHTED AREA WITH POVERTY RATES THAT ARE APPROXIMATELY TWICE THE NATIONAL AVERAGE.SUBSTANTIALLY HIGHER POVERTY RATES ARE OBSERVED IN THE AREA AMONG THE AREA'S AFRICAN-AMERICAN, HISPANIC, AND OTHER MINORITY COMMUNITIES. THIS BUSINESS INCUBATOR ACTIVITY WILL BE OVERSEEN BY THE BOARD OF DIRECTORS AND UNDERTAKEN BY A COMBINATION OF OFFICERS, DIRECTORS, VOLUNTEERS, AND EMPLOYEES FROM CUVENTURES, THE SUPPORTED ORGANIZATION, AND CONCORDIA UNIVERSITY. THIS BUSINESS INCUBATOR ACTIVITY SUPPORTS CUVENTURE'S EDUCATIONAL AND SCIENTIFICMISSION BY ASSISTING WITH THE TEACHING OF ENTREPRENEURSHIP AND SCIENTIFIC RESEARCH SKILLS TO CONCORDIA UNIVERSITY STUDENTS AND FACULTY IN A PRACTICAL, HANDS-ON MANNER THAT IS NOT POSSIBLE WITHOUT REAL WORLD EXPERIENCE AND SUPPORTS CU VENTURE'S CHARITABLE MISSION BY SUPPORTING ECONOMIC DEVELOPMENT IN DEPRESSED AND BLIGHTED AREAS. 599117 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 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 5 2 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X ROY PETERSON 2622434533 12800 N LAKE SHORE DRIVE MEQUON WI 53097 DR ERIK ANKERBERG AS OF 2523 PRESIDENT 1.00 41.00 X X 0 111834 225477 WILLIAM CARIO THRU 13123 INTERIM PRESIDENT 1.00 41.00 X X 0 84769 181833 DR DANIEL SEM DEAN, SCHOOL OF BUSINESS 1.00 40.00 X X 0 177450 39849 REV DR ROY PETERSON AS OF 6302024 VICE PRESIDENT, CFO 1.00 41.00 X X 0 145008 93577 TERRANCE ROWINSKI BOARD VICE CHAIR 1.00 2.00 X 0 0 0 CHRISTINE SPECHT-PALMERT BOARD CHAIR 1.00 2.00 X 0 0 0 0 519061 540736 0 0 1 0 0 92099 92099 70159 70159 162258 0 0 70159 X 213699 211025 2674 60492 60492 19130 18947 183 7875 7800 75 251074 248631 2443 3928 3928 35604 34590 14 1000 13704 13704 605506 599117 5389 1000 1223559 925790 470579 696139 1694138 1621929 1033531 1109343 1033531 1109343 X 660607 512586 660607 512586 1694138 1621929 X -443248 295227 X 0 1 X 1 0 X X 1 CONCORDIA UNIVERSITY WISCONSIN FOUNDATION INC 396077337 7 1 0 0 1 0 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 0 OTHER INVESTMENTS 696139 C 696139 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY, THE FOUNDATION (A PRIVATE 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 OR STATE 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 EVALUATE UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS, AND THERE HAVE BEEN NO RECORDED UNCERTAIN TAX POSITIONS RECORDED IN 2024, 2023, OR 2022. 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 2021. 0 0 0 0 0 0 0 0 0 DR ERIK ANKERBERG AS OF 2523 PRESIDENT 0 111834 0 0 0 0 0 28512 0 196965 0 337311 0 0 WILLIAM CARIO THRU 13123 INTERIM PRESIDENT 0 84769 0 0 0 0 0 42168 0 139665 0 266602 0 0 REV DR ROY PETERSON AS OF 6302024 VICE PRESIDENT, CFO 0 145008 0 0 0 0 0 26659 0 66918 0 238585 0 0 DR DANIEL SEM DEAN, SCHOOL OF BUSINESS 0 177450 0 0 0 0 0 14292 0 25557 0 217299 0 0 PART I, LINE 3 CONCORDIA UNIVERSITY INC. DETERMINES COMPENSATION USING INDUSTRY STANDARDS, WAICU ORGANIZATIONAL DATA, CUS ORGANIZATIONAL DATA, AND OTHER VARIOUS DATA RESOURCES. FINAL AMOUNTS ARE APPROVED BY THE CONCORDIA UNIVERISTY INC. BOARD OF REGENTS ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B CUVENTURES IS DIRECTLY CONTROLLED BY CUWF. AS SUCH, IT IS REQUIRED TO TAKE VARIOUS ITEMS TO THE CUWF BOARD FOR APPROVAL. 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 AND KEY OFFICERS 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 THERE ARE NO PAID OFFICER OR KEY EMPLOYEE POSITIONS IN THIS ORGANIZATION. AS SUCH, NO REVIEWS, ETC. ARE NEEDED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE CUI PRESIDENT OR THE OFFICE OF THE EXECUTIVE VICE PRESIDENT / CHIEF FINANCIAL OFFICER. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 248,631. MANAGEMENT AND GENERAL EXPENSES 2,443. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 251,074. FORM 990, PART XI, LINE 9: INVESTMENT OWNERSHIP TRANSFER 295,227. CONCORDIA UNIVERSITY INC 12800 N LAKE SHORE DRIVE MEQUON WI 53097 390833608 HIGHER EDUCATION WI 501(C)(3) LINE 2 N/A 0 CONCORDIA UNIVERSITY WISCONSIN FOUNDATION 12800 N LAKE SHORE DRIVE MEQUON WI 53097 396077337 SUPPORTING ORGANIZATION WI 501(C)(3) LINE 7 CONCORDIA UNIVERSITY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1