2025-05-14T16:29:35-05:00 2024-06-30 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2023-07-01 390833608 CONCORDIA UNIVERSITY INC CONC 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 174182536 0 X WWW.CUW.EDU X 1881 WI A LUTHERAN EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT. 25 25 2768 198 0 0 8146972 8582587 157147857 164032479 27355 189772 972655 1368634 166294839 174173472 49475119 51405445 0 0 73439640 73558558 0 0 2918785 48331353 47721712 171246112 172685715 -4951273 1487757 171284180 186943435 40086893 43161382 131197287 143782053 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 103294212 164032479 4,394 STUDENTS IN UNDERGRADUATE CLASSES, 4,139 IN GRADUATE CLASSES, 1247 GRADUATES IN THE 2023-24 SCHOOL YEAR. THE UNIVERSITY HAS 95 BACHELOR MAJORS AND 82 MINORS, 48 MASTERS PROGRAMS, AND SIX DOCTORAL PROGRAMS. 51405445 51405445 STUDENT FINANCIAL AID PROGRAMS: FINANCIAL AID TO STUDENTS INCLUDING SCHOLARSHIPS, REMITTED TUITION, AND STIPENDS FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 154699657 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 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 9028 0 2768 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 X 0 0 0 REV DAVID FLEMING BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 ROBERT DENKERT BOARD SECRETARY 1.00 0.00 X 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 1.00 X 0 0 0 TERRANCE ROWINSKI ADVISORY 1.00 1.00 X 0 0 0 REV DR RICHARD STCKWISCH LCMS ADVISORY 1.00 0.00 X 0 0 0 WILLIAM CARIO INTERIM PRESIDENT (THRU 1/31/23) 40.00 1.00 X 84769 0 181833 ERIK ANKERBERG PRESIDENT (START 2/5/23) 40.00 1.00 X 111834 0 225477 ROY PETERSON VP FINANCE /CFO 40.00 1.00 X 145008 0 93577 ALLEN PROCHNOW COO 24.00 0.00 X 71333 0 30000 MICHAEL LITMAN FACULTY COMP SCI 40.00 0.00 X 276171 0 14244 MATTHEW HURTIENNE DEAN BSB/HSB 40.00 0.00 X 253432 0 31575 ERIK JORVIG DEAN SOP 40.00 0.00 X 239123 0 78852 GARY LOCKLAIR FACULTY COMP SCI 40.00 0.00 X 187577 0 11628 LEAH DVORAK AVP ACADEMICS 40.00 0.00 X 184609 0 42075 1553856 0 709261 113 0 1 0 BSN SPORTS LLC PO BOX 841393 DALLAS TX 78682 APPAREL 500569 MAYER HELMINIAK ARCHITECTS LLC 311 E CHICAGO ST STE 310 MILWAUKEE WI 53202 CONSTRUCTION 361265 MIDWEST FIBER NETWORK 6070 N FLINT RD GLENDALE WI 53209 CABLING INSTALLATION 257765 CATCON LLC 833 E MICHIGAN ST STE 1000 MILWAUKEE WI 53202 CONSTRUCTION 248598 CUSTOM COMMUNICATION SOLUTIONS LLC 6638 LEONA LN SHEBOYGAN WI 53081 IT EQUIPMENT INSTALLATION 165219 14 2251250 3512125 2819212 8582587 TUITION AND FEES 611310 142709933 142709933 RESIDENCE HALL CHARGES 611310 15933078 15933078 FOOD SERVICE CHARGES 611310 5330832 5330832 OTHER AUXILIARY AND LOCAL SUPPORT 611310 58636 58636 164032479 198836 198836 11351 0 11351 11351 11351 9064 -9064 -9064 -9064 MISCELLANEOUS REVENUE 900099 1357283 1357283 1357283 174173472 164032479 0 1558406 51405445 51405445 1950335 1772544 131263 46528 46690364 42180054 3422925 1087385 3565683 3221237 261404 83042 17699153 17164469 534684 3653023 3300140 267807 85076 843587 542899 261706 38982 86461 86461 3264524 1355657 1650184 258683 2910760 325277 2585483 5483288 3083818 1649193 750277 3637258 2691571 945687 1823555 1805319 18236 1020440 870138 123360 26942 216703 197200 19503 757141 757141 7255690 6443293 812397 998775 87964 910811 PROPERTY PLANT & EQUIP 16392798 15293240 1094612 4946 UTILITIES 2922428 2916070 4118 2240 EQUIPMENT RENTAL 108304 43322 64982 172685715 154699657 15067273 2918785 628935 5675497 0 25058 1788345 4417885 7793885 10194227 296610 315333 1008917 456345 249414508 96514934 156863946 152899574 1331247 11270749 1572295 1688767 171284180 186943435 4244800 4196024 4389131 8599444 22504974 21498228 8947988 8867686 40086893 43161382 X 120649392 109620786 10547895 34161267 131197287 143782053 171284180 186943435 X 1487757 -39771 11136780 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 40000 0 0 X X 0 124996806 2851201 13564133 3256235 138155905 115884253 4198624 7104961 2195867 -4835 124996806 121557055 3864138 -6995134 2541806 115884253 91389352 4220221 27964169 1339845 676842 121557055 92320906 2450080 -821747 2559887 91389352 0.91681 0.03785 0.04535 1 1 1 13894903 13894903 190780919 66680636 124100283 19870270 10646161 9224109 24059221 19188137 4871084 809195 809195 152899574 DEPOSITS PAYABLE 2689312 AGENCY FUNDS HELD IN CUSTODY FOR OTHERS 6178374 8867686 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 (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. 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 SCHOLARSHIPS AND GRANTS 4249 51405445 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 0 0 0 0 0 0 0 0 0 ERIK ANKERBERG PRESIDENT (START 2/5/23) 111834 0 0 0 0 0 28512 0 196965 0 337311 0 0 0 ERIK JORVIG DEAN SOP 239123 0 0 0 0 0 56352 0 22500 0 317975 0 0 0 MICHAEL LITMAN FACULTY COMP SCI 276171 0 0 0 0 0 14244 0 0 0 290415 0 0 0 MATTHEW HURTIENNE DEAN BSB/HSB 253432 0 0 0 0 0 15095 0 16480 0 285007 0 0 0 WILLIAM CARIO INTERIM PRESIDENT (THRU 1/31/23) 84769 0 0 0 0 0 42168 0 139665 0 266602 0 0 0 ROY PETERSON VP FINANCE /CFO 145008 0 0 0 0 0 26659 0 66918 0 238585 0 0 0 LEAH DVORAK AVP ACADEMICS 184609 0 0 0 0 0 28038 0 14037 0 226684 0 0 0 GARY LOCKLAIR FACULTY COMP SCI 187577 0 0 0 0 0 9228 0 2400 0 199205 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 EXECUTIVE 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. VARIOUS EMPLOYEE OR EMPLOYEE RELATIVE DISCLOSURE SUBJECT TO FERPA STEPHEN CARIO CHILD OF OFFICER 41340 WAGES 0 JILL KRELL SISTER OF OFFICER 90844 WAGES 0 DAVID CARIO CHILD OF OFFICER 31103 WAGES 0 LEWIS POLZIN HUSBAND OF VP STUDENT SUCCESS 23400 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 10,683. INVESTMENT OWNERSHIP TRANSFER 11,126,097. 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