Civic Intelligence

Concordia University Foundation

EIN 93-0771304 • 501(c)3 • Portland, OR

Profile

The mission of Concordia Foundation was to promote Concordia University Portland through solicitation of funds to encourage various activities of the University and to receive and administer gifts and bequests given to it by donors for purposes of supporting the educational and religious objectives of the University. Concordia University Portland ceased operations July 31, 2021. The Foundation continues the legacy of Concordia University by supporting community-based education for disadvantaged students in Northeast Portland with scholarships for those seeking college educations.

1530 SW Taylor StreetPortland, OR 97205-1819

www.cu-portland.edu

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

35th percentile

0.02x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

4th percentile

-86%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

3rd percentile

-69%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$2,473,019

Down $72,249 (-2.8%) from 2024

Liabilities

Down

$1,960

Down $206 (-9.5%) from 2024

Net Assets

Down

$2,471,059

Down $72,043 (-2.8%) from 2024

Operations
Liabilities / Revenue35th percentileNet Margin4th percentile

Revenue

Down

$83,467

Down $184,096 (-69%) from 2024

Expenses

Down

$155,510

Down $2,183,702 (-93%) from 2024

Net Income

Up

-$72,043

Up $1,999,606 (+97%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $8,945,856Liabilities 2010: $2,243,441Net Assets 2010: $6,702,4152010Assets 2011: $10,390,554Liabilities 2011: $2,376,214Net Assets 2011: $8,014,3402011Assets 2012: $9,869,172Liabilities 2012: $2,215,985Net Assets 2012: $7,653,1872012Assets 2013: $10,787,621Liabilities 2013: $2,433,891Net Assets 2013: $8,353,7302013Assets 2014: $12,287,798Liabilities 2014: $2,806,126Net Assets 2014: $9,481,6722014Assets 2015: $12,053,709Liabilities 2015: $2,136,001Net Assets 2015: $9,917,7082015Assets 2016: $12,305,860Liabilities 2016: $2,169,619Net Assets 2016: $10,136,2412016Assets 2017: $12,982,345Liabilities 2017: $1,731,664Net Assets 2017: $11,250,6812017Assets 2018: $13,511,392Liabilities 2018: $1,389,871Net Assets 2018: $12,121,5212018Assets 2019: $17,645,424Liabilities 2019: $5,225,873Net Assets 2019: $12,419,5512019Assets 2020: $11,253,626Liabilities 2020: $173,692Net Assets 2020: $11,079,9342020Assets 2021: $3,799,220Liabilities 2021: $183,329Net Assets 2021: $3,615,8912021Assets 2022: $4,650,863Liabilities 2022: $183,329Net Assets 2022: $4,467,5342022Assets 2023: $4,769,434Liabilities 2023: $154,683Net Assets 2023: $4,614,7512023Assets 2024: $2,545,268Liabilities 2024: $2,166Net Assets 2024: $2,543,1022024Assets 2025: $2,473,019Liabilities 2025: $1,960Net Assets 2025: $2,471,0592025

Highlighted filing

2025

Assets$2,473,019
Liabilities$1,960
Net Assets$2,471,059
Open 2025 Filing

Operations Trend

Revenue Growth3rd percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $2,491,5372010Expenses 2011: $2,573,6392011Expenses 2012: $2,605,2572012Expenses 2013: $2,342,9332013Revenue 2014: $3,601,328Expenses 2014: $2,473,386Net Income 2014: $1,127,9422014Revenue 2015: $2,971,345Expenses 2015: $2,535,309Net Income 2015: $436,0362015Revenue 2016: $2,433,114Expenses 2016: $2,214,581Net Income 2016: $218,5332016Revenue 2017: $3,886,149Expenses 2017: $2,771,709Net Income 2017: $1,114,4402017Revenue 2018: $2,452,192Expenses 2018: $2,239,966Net Income 2018: $212,2262018Revenue 2019: $2,561,276Expenses 2019: $2,263,246Net Income 2019: $298,0302019Revenue 2020: $3,348,874Expenses 2020: $4,688,491Net Income 2020: -$1,339,6172020Revenue 2021: $40,532Expenses 2021: $7,504,575Net Income 2021: -$7,464,0432021Revenue 2022: $1,061,443Expenses 2022: $209,800Net Income 2022: $851,6432022Revenue 2023: $390,677Expenses 2023: $301,808Net Income 2023: $88,8692023Revenue 2024: $267,563Expenses 2024: $2,339,212Net Income 2024: -$2,071,6492024Revenue 2025: $83,467Expenses 2025: $155,510Net Income 2025: -$72,0432025

Highlighted filing

2025

Revenue$83,467
Expenses$155,510
Net Income-$72,043
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,473,019
Liabilities
$1,960
Net assets
$2,471,059
Revenue
$83,467
Expenses
$155,510
Net income
-$72,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.00$2.47$0.08$0.16$0.07
2024Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.54$0.27$2.34$2.07
2023Detailed filing. Detailed filing data is available for this year.$4.77$0.15$4.61$0.39$0.30$0.09
2022Detailed filing. Detailed filing data is available for this year.$4.65$0.18$4.47$1.06$0.21$0.85
2021Detailed filing. Detailed filing data is available for this year.$3.80$0.18$3.62$0.04$7.50$7.46
2020Detailed filing. Detailed filing data is available for this year.$11.3$0.17$11.1$3.35$4.69$1.34
2019Detailed filing. Detailed filing data is available for this year.$17.6$5.23$12.4$2.56$2.26$0.30
2018Detailed filing. Detailed filing data is available for this year.$13.5$1.39$12.1$2.45$2.24$0.21
2017Detailed filing. Detailed filing data is available for this year.$13.0$1.73$11.3$3.89$2.77$1.11
2016Detailed filing. Detailed filing data is available for this year.$12.3$2.17$10.1$2.43$2.21$0.22
2015Detailed filing. Detailed filing data is available for this year.$12.1$2.14$9.92$2.97$2.54$0.44
2014Detailed filing. Detailed filing data is available for this year.$12.3$2.81$9.48$3.60$2.47$1.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$2.43$8.35$2.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.87$2.22$7.65$2.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$2.38$8.01$2.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$2.24$6.70$2.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 11, 2025
Return Version
2024v5.0
Gross Receipts
$83,467
Mission and Program Overview

Mission

The mission of Concordia Foundation was to promote Concordia University Portland through solicitation of funds to encourage various activities of the University and to receive and administer gifts and bequests given to it by donors for purposes of supporting the educational and religious objectives of the University. Concordia University announced its closure February 10, 2020. As a result, Concordia University Foundation has discontinued operations and is in process of closing.

The Foundation continues the legacy of Concordia University by supporting community-based education for disadvantaged students in Northeast Portland with scholarships for those seeking college educations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,535,868$2,453,259▼ $82,609
Cash and Non-Interest-Bearing Accounts$9,400$19,760▲ $10,360
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,545,268$2,473,019▼ $72,249
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$1,960$1,960→ $0
Accounts Payable and Accrued Expenses$206$0▼ $206
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,166$1,960▼ $206
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,543,102$2,471,059▼ $72,043
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,543,102$2,471,059▼ $72,043
Total Liabilities and Net Assets / Fund Balance$2,545,268$2,473,019▼ $72,249

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,543,101$6,229▲ $77,234$12,650$2,471,054
2023$4,614,910$5,056▲ $262,348$4,000$2,543,101
2022$4,467,534$10,029▲ $438,995$0$4,614,910
2021$3,615,891$8,919▲ $1,052,524$0$4,467,534
2020$11,079,935$12,502▲ $39,884$0$3,615,891
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Scott HowardChair
Gina CondonVice Chair
Carl TaltonDirector
Charles BrondosDirector
David EashDirector
Gloria EdwardsDirector
Jeff OltmannDirector
George ThurstonSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$83,467
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-72,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$135,000
Other Expenses$20,510
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$135,000--$135,000
Fees for Services Other$12,650$0$0$12,650
Insurance$0$5,434$0$5,434
Fees for Services Accounting$0$1,389$0$1,389
All Other Expenses$0$585$0$585
Office Expenses$0$452$0$452
Total Functional Expenses$147,650$7,860$0$155,510
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity$1,960
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is provided to all Board members for review and comment. The Board approves the Form 990 prior to submission.”

Form 990, Part VI, Section B, Line 12C

“Potential conflicts of interest are discussed by the full Board annually.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Concordia University Foundation
EIN
93-0771304
Phone
5032013577
Address
1530 SW Taylor Street, Portland, OR 97205-1819

Signing Officer

Name
George Thurston
Title
Secretary/Treasurer
Phone
5032013577
Signed
2025-09-11

Organization Details

Principal Officer
George Thurston
Formed
1980
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Scholarship review by the Oregon Office of Student Access.”

Form 990, Part IX, Line 24E

“Scholarships for students $110,000; CT-12 filing fees $495; Bank service charges $90”

Financial Statement Notes

Schedule D, Part V, Line 4

“Endowment funds will be distributed for scholarships to students seeking college education through the Oregon Office of Student Access.”

Raw XML AppendixShowing 400 of 595 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/Form990PartVIISectionAGrp/PersonNm1Gina Condon
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IRS990/Form990PartVIISectionAGrp/PersonNm4Scott Howard
IRS990/Form990PartVIISectionAGrp/PersonNm5Jeff Oltmann
IRS990/Form990PartVIISectionAGrp/PersonNm6Carl Talton
IRS990/Form990PartVIISectionAGrp/PersonNm7George Thurston
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IRS990/MissionDesc0The mission of Concordia Foundation is to support community-based education for disadvantaged students in Northeast Portland with scholarships for those seeking college educations.
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IRS990/PrincipalOfficerNm0George Thurston
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