Civic Intelligence

Concordia University Inc

EIN 39-0833608 • 501(c)3 • Mequon, WI

Profile

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.

12800 N Lake Shore DriveMequon, WI 53097

www.cuw.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.23x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.24x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

24th percentile

-3.0%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

2.2%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2023

Revenue Growth

28th percentile

-0.7%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2023

Assets

Up

$186,943,435

Up $15,659,255 (+9.1%) from 2023

Liabilities

Up

$43,161,382

Up $3,074,489 (+7.7%) from 2023

Net Assets

Up

$143,782,053

Up $12,584,766 (+9.6%) from 2023

Revenue

Up

$174,173,472

Up $7,878,633 (+4.7%) from 2023

Expenses

Up

$172,685,715

Up $1,439,603 (+0.8%) from 2023

Net Income

Up

$1,487,757

Up $6,439,030 (+130%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $148,214,839Liabilities 2010: $30,733,344Net Assets 2010: $117,481,4952010Assets 2011: $163,409,768Liabilities 2011: $29,130,248Net Assets 2011: $134,279,5202011Assets 2012: $178,630,503Liabilities 2012: $30,747,994Net Assets 2012: $147,882,5092012Assets 2013: $194,289,700Liabilities 2013: $30,791,322Net Assets 2013: $163,498,3782013Assets 2014: $235,063,760Liabilities 2014: $49,360,392Net Assets 2014: $185,703,3682014Assets 2015: $246,172,628Liabilities 2015: $44,287,217Net Assets 2015: $201,885,4112015Assets 2016: $258,810,655Liabilities 2016: $50,649,998Net Assets 2016: $208,160,6572016Assets 2017: $262,381,268Liabilities 2017: $44,788,263Net Assets 2017: $217,593,0052017Assets 2018: $177,796,873Liabilities 2018: $44,462,143Net Assets 2018: $133,334,7302018Assets 2019: $176,772,321Liabilities 2019: $48,683,010Net Assets 2019: $128,089,3112019Assets 2020: $169,064,782Liabilities 2020: $47,288,307Net Assets 2020: $121,776,4752020Assets 2021: $163,946,113Liabilities 2021: $44,248,015Net Assets 2021: $119,698,0982021Assets 2022: $177,844,047Liabilities 2022: $41,833,654Net Assets 2022: $136,010,3932022Assets 2023: $171,284,180Liabilities 2023: $40,086,893Net Assets 2023: $131,197,2872023Assets 2024: $186,943,435Liabilities 2024: $43,161,382Net Assets 2024: $143,782,0532024

Highlighted filing

2024

Assets$186,943,435
Liabilities$43,161,382
Net Assets$143,782,053

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $72,162,7612010Expenses 2011: $81,445,3762011Expenses 2012: $90,263,8372012Revenue 2013: $107,884,683Expenses 2013: $100,116,218Net Income 2013: $7,768,4652013Revenue 2014: $133,507,460Expenses 2014: $131,531,078Net Income 2014: $1,976,3822014Revenue 2015: $149,419,683Expenses 2015: $145,363,604Net Income 2015: $4,056,0792015Revenue 2016: $155,507,533Expenses 2016: $153,066,115Net Income 2016: $2,441,4182016Revenue 2017: $151,979,479Expenses 2017: $154,378,127Net Income 2017: -$2,398,6482017Revenue 2018: $153,807,489Expenses 2018: $159,519,360Net Income 2018: -$5,711,8712018Revenue 2019: $158,348,451Expenses 2019: $163,593,870Net Income 2019: -$5,245,4192019Revenue 2020: $159,253,851Expenses 2020: $165,566,687Net Income 2020: -$6,312,8362020Revenue 2021: $168,516,078Expenses 2021: $170,586,955Net Income 2021: -$2,070,8772021Revenue 2022: $176,566,325Expenses 2022: $174,880,016Net Income 2022: $1,686,3092022Revenue 2023: $166,294,839Expenses 2023: $171,246,112Net Income 2023: -$4,951,2732023Revenue 2024: $174,173,472Expenses 2024: $172,685,715Net Income 2024: $1,487,7572024

Highlighted filing

2024

Revenue$174,173,472
Expenses$172,685,715
Net Income$1,487,757

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$187$43.2$144$174$173$1.49
2023Detailed filing. Detailed filing data is available for this year.$171$40.1$131$166$171$4.95
2022Detailed filing. Detailed filing data is available for this year.$178$41.8$136$177$175$1.69
2021Detailed filing. Detailed filing data is available for this year.$164$44.2$120$169$171$2.07
2020Detailed filing. Detailed filing data is available for this year.$169$47.3$122$159$166$6.31
2019Summary only. Only limited summary data is available for this year.$177$48.7$128$158$164$5.25
2018Detailed filing. Detailed filing data is available for this year.$178$44.5$133$154$160$5.71
2017Detailed filing. Detailed filing data is available for this year.$262$44.8$218$152$154$2.40
2016Detailed filing. Detailed filing data is available for this year.$259$50.6$208$156$153$2.44
2015Detailed filing. Detailed filing data is available for this year.$246$44.3$202$149$145$4.06
2014Summary only. Only limited summary data is available for this year.$235$49.4$186$134$132$1.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$194$30.8$163$108$100$7.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$179$30.7$148$90.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$29.1$134$81.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$30.7$117$72.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$174,182,536
Mission and Program Overview

Mission

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.

A lutheran education community committed to helping students develop in mind, body, and spirit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$156,863,946$152,899,574▼ $3,964,372
Investments in Publicly Traded Securities$1,331,247$11,270,749▲ $9,939,502
Accounts Receivable$7,793,885$10,194,227▲ $2,400,342
Cash and Non-Interest-Bearing Accounts$628,935$5,675,497▲ $5,046,562
Pledges and Grants Receivable$1,788,345$4,417,885▲ $2,629,540
Prepaid Expenses and Deferred Charges$1,008,917$456,345▼ $552,572
Inventories for Sale or Use$296,610$315,333▲ $18,723
Savings and Temporary Cash Investments$0$25,058▲ $25,058
Total Assets$171,284,180$186,943,435▲ $15,659,255
Other Assets Total$1,572,295$1,688,767▲ $116,472
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,504,974$21,498,228▼ $1,006,746
Other Liabilities$8,947,988$8,867,686▼ $80,302
Deferred Revenue$4,389,131$8,599,444▲ $4,210,313
Accounts Payable and Accrued Expenses$4,244,800$4,196,024▼ $48,776
Total Liabilities$40,086,893$43,161,382▲ $3,074,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$120,649,392$109,620,786▼ $11,028,606
Net Assets With Donor Restrictions$10,547,895$34,161,267▲ $23,613,372
Total Net Assets Fund Balance$131,197,287$143,782,053▲ $12,584,766
Total Liabilities and Net Assets / Fund Balance$171,284,180$186,943,435▲ $15,659,255

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$124,100,283$66,680,636$190,780,919
Equipment$4,871,084$19,188,137$24,059,221
Leasehold Improvements$9,224,109$10,646,161$19,870,270
Land$13,894,903-$13,894,903
Other Land Buildings$809,195-$809,195

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$124,996,806$2,851,201▲ $13,564,133-$138,155,905
2023$115,884,253$4,198,624▲ $7,104,961$-4,835$124,996,806
2022$121,557,055$3,864,138▼ $6,995,134-$115,884,253
2021$91,389,352$4,220,221▲ $27,964,169$676,842$121,557,055
2020$92,320,906$2,450,080▼ $821,747-$91,389,352
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erik AnkerbergPresident (start 2/5/23)FT$111,834$225,477$337,311
Erik JorvigDean SopFT$239,123$78,852$317,975
Michael LitmanFaculty Comp SciFT$276,171$14,244$290,415
Matthew HurtienneDean Bsb/hsbFT$253,432$31,575$285,007
William CarioInterim President (thru 1/31/23)FT$84,769$181,833$266,602
Roy PetersonVP Finance /CFOFT$145,008$93,577$238,585
Leah DvorakAvp AcademicsFT$184,609$42,075$226,684
Gary LocklairFaculty Comp SciFT$187,577$11,628$199,205
Allen ProchnowCOOPT$71,333$30,000$101,333

Board Members and Trustees

NameTitle
Rev John BergBoard Chair
Rev David FlemingBoard Vice Chair
David AndersenBoard Member
David LambertBoard Member
David PiehlerBoard Member
James RiskeBoard Member
Jennier Lynn KnoxBoard Member
Jon SchumacherBoard Member
Lisa SenkbeilBoard Member
Nathan WingfieldBoard Member
Paula HarrisBoard Member
Rev Dr David MaierBoard Member
Rev Jonah BurakowskiBoard Member
Rev Michael HenrichsBoard Member
Schott SchweitzerBoard Member
Stephen SaundersBoard Member
Terry DonovanBoard Member
Robert DenkertBoard Secretary
Christine Specht-palmertAdvisory
Terrance RowinskiAdvisory
Rev Allen BussLcms Advisory
Rev David DavisLcms Advisory
Rev Dr Dwayne LueckLcms Advisory
Rev Dr Jamison HardyLcms Advisory
Rev Dr Richard StckwischLcms Advisory

Highest Paid Contractors

ContractorServicesLocationCompensation
Bsn Sports LLCApparelPO BOX 841393, Dallas, TX 78682$500,569
Mayer Helminiak Architects LLCConstruction311 E CHICAGO ST STE 310, Milwaukee, WI 53202$361,265
Midwest Fiber NetworkCabling Installation6070 N FLINT RD, Glendale, WI 53209$257,765
Catcon LLCConstruction833 E MICHIGAN ST STE 1000, Milwaukee, WI 53202$248,598
Custom Communication Solutions LLCIt Equipment Installation6638 LEONA LN, Sheboygan, WI 53081$165,219
Revenue and Support

Revenue Composition

Contributions and Grants
$8,582,587
Program Service Revenue
$164,032,479
Investment Income
$189,772
Other Revenue
$1,368,634
All Other Contributions
$2,819,212
Change in Net Assets
$1,487,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$73,558,558
Grants and Similar Amounts Paid$51,405,445
Other Expenses$47,721,712
Total Fundraising Expense$2,918,785
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$51,405,445--$51,405,445
Other Salaries and Wages$42,180,054$3,422,925$1,087,385$46,690,364
Other Employee Benefits$17,164,469-$534,684$17,699,153
Depreciation Depletion$6,443,293$812,397-$7,255,690
Office Expenses$3,083,818$1,649,193$750,277$5,483,288
Payroll Taxes$3,300,140$267,807$85,076$3,653,023
Information Technology$2,691,571$945,687-$3,637,258
Pension Plan Contributions$3,221,237$261,404$83,042$3,565,683
Fees for Services Other$1,355,657$1,650,184$258,683$3,264,524
Advertising$325,277$2,585,483-$2,910,760
Current Officers, Directors, Trustees, and Key Employees$1,772,544$131,263$46,528$1,950,335
Occupancy$1,805,319$18,236-$1,823,555
Travel$870,138$123,360$26,942$1,020,440
Insurance$87,964$910,811-$998,775
Fees for Services Legal$542,899$261,706$38,982$843,587
Interest-$757,141-$757,141
Conferences and Meetings$197,200$19,503-$216,703
Other Expenses$43,322$64,982$2,240$108,304
Fees for Services Accounting-$86,461-$86,461
Total Functional Expenses$154,699,657$15,067,273$2,918,785$172,685,715
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jill KrellSister of OfficerWagesNo$90,844
Stephen CarioChild of OfficerWagesNo$41,340
David CarioChild of OfficerWagesNo$31,103
Lewis PolzinHusband of Vp Student SuccessWagesNo$23,400
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds Held in Custody for Others$6,178,374
Deposits Payable$2,689,312
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Concordia University Inc
EIN
39-0833608
Phone
2622435700
Address
12800 N LAKE SHORE DRIVE, MEQUON, WI 53097

Signing Officer

Name
Danielle Marsh
Title
CFO
Phone
2622435700
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danielle Marsh
Formed
1881
Legal Domicile
Wi
Voting Board Members
25
Independent Board Members
25
Employees
2,768
Volunteers
198

Preparer

Firm
Sikich LLC
Address
17335 GOLF PARKWAY SUITE 500, BROOKFIELD, WI 53045
Preparer
Jill M Boyle CPA
Phone
2627549400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of split interest 10,683. Investment ownership transfer 11,126,097.

Financial Statement Notes

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.

Raw XML AppendixShowing 400 of 1,007 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0A LUTHERAN EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT.
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IRS990/Desc04,394 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt27VP FINANCE /CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt28COO
IRS990/Form990PartVIISectionAGrp/TitleTxt29FACULTY COMP SCI
IRS990/Form990PartVIISectionAGrp/TitleTxt30DEAN BSB/HSB

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