Civic Intelligence

Concordia Foundation Nebraska

EIN 47-6034005 • 501(c)3 • Seward, NE

Profile

Support for Concordia University. The mission of the Foundation 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.

800 North Columbia AveSeward, NE 68434

www.cune.edu

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

7th percentile

0.00x

Higher debt load relative to revenue than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$285,308

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

18%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$19,624,809

Up $2,104,101 (+12%) from 2023

Liabilities

Flat

$250

Flat from 2023

Net Assets

Up

$19,624,559

Up $2,104,101 (+12%) from 2023

Operations
Liabilities / Revenue7th percentileNet Margin86th percentile

Revenue

Up

$1,540,936

Up $239,620 (+18%) from 2023

Expenses

Up

$896,576

Up $17,110 (+1.9%) from 2023

Net Income

Up

$644,360

Up $222,510 (+53%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $6,643,886Liabilities 2010: $257,692Net Assets 2010: $6,386,1942010Assets 2011: $8,308,062Liabilities 2011: $2,820Net Assets 2011: $8,305,2422011Assets 2012: $9,078,551Liabilities 2012: $2,820Net Assets 2012: $9,075,7312012Assets 2013: $10,064,816Liabilities 2013: $2,570Net Assets 2013: $10,062,2462013Assets 2014: $11,639,789Liabilities 2014: $2,570Net Assets 2014: $11,637,2192014Assets 2015: $11,920,642Liabilities 2015: $2,570Net Assets 2015: $11,918,0722015Assets 2016: $12,119,576Liabilities 2016: $2,570Net Assets 2016: $12,117,0062016Assets 2017: $14,973,942Liabilities 2017: $2,570Net Assets 2017: $14,971,3722017Assets 2018: $15,709,771Liabilities 2018: $2,570Net Assets 2018: $15,707,2012018Assets 2019: $16,037,402Liabilities 2019: $2,570Net Assets 2019: $16,034,8322019Assets 2020: $15,008,375Liabilities 2020: $2,570Net Assets 2020: $15,005,8052020Assets 2021: $18,826,126Liabilities 2021: $2,570Net Assets 2021: $18,823,5562021Assets 2022: $16,239,040Liabilities 2022: $250Net Assets 2022: $16,238,7902022Assets 2023: $17,520,708Liabilities 2023: $250Net Assets 2023: $17,520,4582023Assets 2024: $19,624,809Liabilities 2024: $250Net Assets 2024: $19,624,5592024

Highlighted filing

2024

Assets$19,624,809
Liabilities$250
Net Assets$19,624,559
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $222,2042010Revenue 2011: $1,018,360Expenses 2011: $320,771Net Income 2011: $697,5892011Expenses 2012: $273,9602012Expenses 2013: $320,1512013Revenue 2014: $1,500,254Expenses 2014: $414,321Net Income 2014: $1,085,9332014Revenue 2015: $2,088,297Expenses 2015: $509,740Net Income 2015: $1,578,5572015Revenue 2016: $965,708Expenses 2016: $724,087Net Income 2016: $241,6212016Revenue 2017: $2,906,142Expenses 2017: $599,723Net Income 2017: $2,306,4192017Revenue 2018: $1,743,467Expenses 2018: $1,309,359Net Income 2018: $434,1082018Revenue 2019: $921,292Expenses 2019: $803,184Net Income 2019: $118,1082019Revenue 2020: $744,882Expenses 2020: $827,861Net Income 2020: -$82,9792020Revenue 2021: $1,139,921Expenses 2021: $861,542Net Income 2021: $278,3792021Revenue 2022: $25,376,925Expenses 2022: $849,038Net Income 2022: $24,527,8872022Revenue 2023: $1,301,316Expenses 2023: $879,466Net Income 2023: $421,8502023Revenue 2024: $1,540,936Expenses 2024: $896,576Net Income 2024: $644,3602024

Highlighted filing

2024

Revenue$1,540,936
Expenses$896,576
Net Income$644,360
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$19,624,809
Liabilities
$250
Net assets
$19,624,559
Revenue
$1,540,936
Expenses
$896,576
Net income
$644,360
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$0.00$19.6$1.54$0.90$0.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$0.00$17.5$1.30$0.88$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$0.00$16.2$25.4$0.85$24.5
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$0.00$18.8$1.14$0.86$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$0.00$15.0$0.74$0.83$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$0.00$16.0$0.92$0.80$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$0.00$15.7$1.74$1.31$0.43
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$0.00$15.0$2.91$0.60$2.31
2016Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$0.97$0.72$0.24
2015Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$2.09$0.51$1.58
2014Detailed filing. Detailed filing data is available for this year.$11.6$0.00$11.6$1.50$0.41$1.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.00$10.1$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.08$0.00$9.08$0.27
2011Summary only. Only limited summary data is available for this year.$8.31$0.00$8.31$1.02$0.32$0.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$0.26$6.39$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 22, 2025
Return Version
2023v6.0
Gross Receipts
$1,540,936
Mission and Program Overview

Mission

The mission of concordia foundation nebraska is to be the prime strategic and financial partner of concordia university. Continued on schedule othe 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.

To be the prime strategic and financial partner of concordia university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,347,735$15,413,295▲ $1,065,560
Land, Buildings, and Equipment, Net$240,000$240,000→ $0
Pledges and Grants Receivable$277,440$53,614▼ $223,826
Cash and Non-Interest-Bearing Accounts$32,720$32,870▲ $150
Total Assets$17,520,708$19,624,809▲ $2,104,101
Other Assets Total$2,622,813$3,885,030▲ $1,262,217
Liabilities
Accounts Payable and Accrued Expenses$250$250→ $0
Total Liabilities$250$250→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,684,366$17,711,865▲ $2,027,499
Net Assets Without Donor Restrictions$1,836,092$1,912,694▲ $76,602
Total Net Assets Fund Balance$17,520,458$19,624,559▲ $2,104,101
Total Liabilities and Net Assets / Fund Balance$17,520,708$19,624,809▲ $2,104,101

Asset Categories

AssetBook ValueDepreciationBasis
Land$240,000-$240,000
Buildings$0$15,000$15,000
Other Assets Org$3,885,030--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$70,806,734$6,633,170▲ $8,014,677-$82,243,089
2022$63,865,774$3,769,664▲ $6,102,368-$70,806,734
2021$67,964,544$7,069,630▼ $8,714,460-$63,865,774
2020$51,375,080$6,010,383▲ $12,995,624-$67,964,544
2019$54,034,480$1,773,911▼ $2,091,552-$51,375,083
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleOtherTotal
Gary McdanielVP Enrollment$147,352$147,352
Derek EngelbartVP Institutional Advancement$75,190$75,190

Board Members and Trustees

NameTitle
Shane BaackChair
Bernard BullPresident
Bonnie MeyerVice Chair
Andrew StadlerDirector
Chad ThiesDirector
Col Gloria HobanDirector
Dan BumanDirector
John NikodymDirector
Klint PetersonDirector
Kristie Holthus HolochDirector
Robert HermannDirector
Samuel HuebnerDirector
Thomas MaurerDirector
Todd JohnsonDirector
David KummEvp, CFO
Timothy PreussProvost
Benjamin BallRegent
Craig ErnstmeyerRegent
Dennis MeyerRegent
Dick HelmsRegent
Doug GauntRegent
Doug TewesRegent
Erik VieselmeyerRegent
Gail HawkinsRegent
John FraserRegent
Krista BarnhouseRegent
Richard SnowRegent
Ryan BurgerRegent
Scott AdleRegent
Stuart BartruffRegent
Timothy HuRegent
Timothy MollRegent
Trudy MeyerRegent
Kristi BurmeisterSecretary
David Gene BrooksVP Student Affairs
Revenue and Support

Revenue Composition

Contributions and Grants
$886,125
Program Service Revenue
$0
Investment Income
$654,811
Other Revenue
$0
All Other Contributions
$886,125
Change in Net Assets
$644,360

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,486,225
Revenue Not Reported on Financial Statements
$54,711
Revenue Not Reported on Form 990
$50,915,027
Total Revenue per Audited Statements
$52,401,252
Total Revenue per Form 990
$1,540,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$841,865
Other Expenses$54,711
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$841,865--$841,865
Fees for Service Investment Mgmnt Fees-$54,711-$54,711
Total Functional Expenses$841,865$54,711$0$896,576

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$40,282,263
Expenses Not Reported on Form 990$39,440,398
Total Expenses per Form 990$896,576
Expenses per Audited Statements$841,865
Expenses Not Reported on Financial Statements$54,711
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Concordia UniversitySeward, NE501(c)(3)To Support Concordia University, Nebraska.$841,865
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 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.”

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.”

Filing and Contact Details

Filer

Filer Name
Concordia Foundation Nebraska
EIN
47-6034005
Phone
4026437380
Address
800 NORTH COLUMBIA AVE, SEWARD, NE 68434

Signing Officer

Name
Bernard Bull
Title
President
Phone
4026437380
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard Bull
Formed
1959
Legal Domicile
Ne
Voting Board Members
31
Independent Board Members
28
Employees
0
Volunteers
23

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of split interest agreement 19,946.”

Financial Statement Notes

PART V, LINE 4:

“Our endowment fund consists of several different intended designations: 75.8% is for scholarships 16.5% is for institutional support 6.9% is for instructional/academic support 0.8% 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, 2024 and 2023. 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:

“Change in value of split interest agreement 19,946. Revenue from related organizations reported on separate return 50,297,151. Intercompany eliminations -841,865.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses from related organization reported on separate return 40,282,263. Intercompany eliminations -841,865.”

Raw XML AppendixShowing 400 of 790 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.

Path#Value
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IRS990/AllAffiliatesIncludedInd01
IRS990/AllOtherContributionsAmt0886125
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IRS990/Desc0SUPPORT FOR PROGRAMS AT CONCORDIA UNIVERSITY, NEBRASKA. THE FOUNDATION WAS ABLE TO SUPPORT CONCORDIA UNIVERSITY, NEBRASKA WITH SCHOLARSHIP MONIES FOR 1,239 STUDENTS, LIBRARY BOOKS, FACULTY SUPPORT AND VISUAL ARTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9REGENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt13REGENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt21REGENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22REGENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25REGENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27REGENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29REGENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt32EVP, CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt33PROVOST
IRS990/Form990PartVIISectionAGrp/TitleTxt34VP STUDENT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt35VP ENROLLMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt36VP INSTITUTIONAL ADVANCEMENT
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