2024-02-21T11:19:04-06:00 2023-04-30 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2022-05-01 410693977 CONCORDIA COLLEGE CORPORATION CONC 2182994206 901 S 8TH ST MOORHEAD MN 56562 LINDA J BROWN TREASURER & VP FOR FINANCE 2182993126 2024-03-15 1 LINDA BROWN XXX-XX-XXXX 1 KAREN A GRIES P00078514 6128764500 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z COLIN IRVINE 901 S 8TH ST MOORHEAD MN 56562 97822346 0 9386 X WWW.CONCORDIACOLLEGE.EDU X 1891 MN SEE SCHEDULE O.CONCORDIA COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE OF THE EVANGELICAL LUTHERAN CHURCH OF AMERICA OFFERING 65 MAJORS AND 12 PRE-PROFESSIONAL PROGRAMS. DURING THE 2022-2023 SCHOOL YEAR, CONCORDIA COLLEGE HAD AN ENROLLMENT OF 1,822 STUDENTS; 915 OF THESE STUDENTS WERE RESIDING IN DORMITORIES OR OTHER FORMS OF ON-CAMPUS HOUSING AND 1,114 STUDENTS PARTICIPATED IN SOME VARYING FORM OF A MEAL PLAN THROUGH THE ON-CAMPUS DINING SERVICE. 26 26 2692 748 2539599 0 22279951 16599399 71125448 74065467 11197559 1682434 1209558 1348469 105812516 93695769 24949801 23294627 0 0 48147280 49921810 812 1298 2333875 28247441 32260022 101345334 105477757 4467182 -11781988 386069751 371823467 61780701 56627586 324289050 315195881 X THE PURPOSE OF CONCORDIA COLLEGE IS TO INFLUENCE THE AFFAIRS OF THE WORLD BY SENDING INTO SOCIETY THOUGHTFUL AND INFORMED MEN AND WOMEN DEDICATED TO THE CHRISTIAN LIFE. 0 0 45544286 22852672 50138913 CONCORDIA COLLEGE OFFERS BACHELOR OF ARTS AND BACHELOR OF MUSIC DEGREES, AS WELL AS A MASTER OF EDUCATION IN WORLD LANGUAGE INSTRUCTION. THE 2022-2023 ENROLLMENT WAS 1,822 STUDENTS, 399 OF WHOM MET THE REQUIREMENTS OF GRADUATION. 15162408 11611732 AUXILIARY ENTERPRISES AT CONCORDIA COLLEGE ARE COMPRISED OF 12 RESIDENCE HALLS OR ON-CAMPUS APARTMENTS, A DINING HALL AS WELL AS A QUICK-SERVE RESTAURANT OPTION, SNACK SHOP AND COFFEE SHOP, A BOOKSTORE AND A DAY CAY FACILITY FOR FACULTY, STAFF AND STUDENTS. 50% OF ENROLLED STUDENTS LIVED IN ON-CAMPUS HOUSING, WHILE 64% OF THE ENROLLED STUDENT POPULATION PARTICIPATED IN ONE OF THE EIGHT MEAL PLAN OPTIONS OFFERED BY THE COLLEGE'S DINING SERVICE. 12305133 441955 10206635 CONCORDIA COLLEGE OWNS AND OPERATES THE CONCORDIA LANGUAGE VILLAGES. THE LANGUAGE VILLAGES USE IMMERSION TECHNIQUES TO TEACH PARTICIPANTS ABOUT OTHER LANGUAGES AND CULTURES WHILE GIVING CONCORDIA STUDENTS THE OPPORTUNITY TO GAIN PRACTICAL TEACHING EXPERIENCE. THE LANGUAGE VILLAGES OFFER INSTRUCTION IN 18 DIFFERENT LANGUAGES WITH A VARIETY OF YEAR-ROUND PROGRAMS DESIGNED FOR LEARNERS OF EVERY AGE. MOST VILLAGES ARE LOCATED AT VARIOUS SITES ON TURTLE RIVER LAKE NEAR BEMIDJI, MN, AS WELL AS AT VARIOUS LEASED SITES THROUGHOUT MINNESOTA. THE VILLAGES RECENTLY ADDED VIRTUAL VILLAGES, ONLINE IMMERSION PROGRAMMING. DURING THE FISCAL YEAR 2022-2023, CONCORDIA LANGUAGE VILLAGES ENROLLED 4,210 PARTICIPANTS IN A VARIETY OF PROGRAMS OFFERED THROUGHOUT THE YEAR. ALTHOUGH THE MAJORITY OF PROGRAMMING TAKES PLACE DURING THE SUMMER, THE EXPANSION OF YEAR-ROUND LANGUAGE LEARNING THROUGH THE VILLAGES CONTINUES TO GROW. 17561578 PUBLIC SERVICE, ACADEMIC SUPPORT, AND STUDENT SERVICES (COMBINED) 17561578 90573405 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 432 0 2692 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X MARK LILLEHAUGEN CONTROLLER 2182994206 901 S 8TH ST MOORHEAD MN 56562 MARY S RANUM CHAIR 1.00 X X 0 0 0 JOHN E YDSTIE VICE CHAIR 1.00 X X 0 0 0 DR JULIE A BLEHM SECRETARY 1.00 X X 0 0 0 MARYANN ANDERSON TRUSTEE 1.00 X 0 0 0 TROY J BUTNER TRUSTEE 1.00 X 0 0 0 RUTH ANNA BUFFALO TRUSTEE 1.00 X 0 0 0 JEAN E BYE TRUSTEE 1.00 X 0 0 0 JEFF CADWELL TRUSTEE 1.00 X 0 0 0 VICTOR E EVERSON TRUSTEE 1.00 X 0 0 0 COREY L HAALAND TRUSTEE 1.00 X 0 0 0 KATIE E HASBARGEN TRUSTEE 1.00 X 0 0 0 DOUGLAS HASTAD TRUSTEE 1.00 X 0 0 0 REV GARY R HENDERSON TRUSTEE 1.00 X 0 0 0 DAVID J HORAZDOVSKY TRUSTEE 1.00 X 0 0 0 MARK S JORDAHL TRUSTEE 1.00 X 0 0 0 ROBERT JOSSART TRUSTEE 1.00 X 0 0 0 TAMMY LEE TRUSTEE 1.00 X 0 0 0 STEPHANIE LUNDQUIST TRUSTEE 1.00 X 0 0 0 DR BRADLEY MILLER TRUSTEE 1.00 X 0 0 0 REV JENNIFER NAGEL TRUSTEE 1.00 X 0 0 0 RONALD D OFFUTT TRUSTEE 1.00 X 0 0 0 REV MARY PECHAUER TRUSTEE 1.00 X 0 0 0 DR PATRICIA PEPPER TRUSTEE 1.00 X 0 0 0 HAROLD POPE TRUSTEE 1.00 X 0 0 0 BETH ANN RENNER TRUSTEE 1.00 X 0 0 0 JAMES E SENSKE TRUSTEE 1.00 X 0 0 0 REV WILLIAM TESCH TRUSTEE 1.00 X 0 0 0 DR MARK N WILHELM TRUSTEE 1.00 X 0 0 0 DR WILLIAM J CRAFT PRESIDENT 40.00 X 389267 0 57079 LINDA J BROWN TREASURER/VP FOR FINANCE 40.00 X 202477 0 19070 DR SUSAN J LARSON PROVOST AND DEAN OF THE COLLEGE 40.00 X 175290 0 10944 KARL A STUMO VP, ENROLLMENT AND MARKETING 40.00 X 163257 0 18633 MARY M KOSIR EXECUTIVE DIRECTOR CONCORDIA LANGUAGE VILLAGES 40.00 X 158139 0 7605 DR LISA SETHRE-HOFSTAD VP, STUDENT DEVELOPMENT AND CAMPUS LIFE 40.00 X 151916 0 10031 CHRISTOPHER J MASON DEAN, OFFUTT SCHOOL OF BUSINESS 40.00 X 150465 0 18996 REV TERRY BRANDT VP FOR ADVANCEMENT 40.00 X 149730 0 104 1540541 0 142462 22 0 1 0 NORTHERN PLAINS MECHANICAL LLC 4537 13TH AVE N FARGO ND 58102 CONSTRUCTION 1510188 BERGSTROM ELECTRIC INC 3100 N WASHINGTON ST GRAND FORKS ND 58208 CONSTRUCTION 566064 HURON CONSULTING SERVICES LLC 550 W VAN BUREN ST CHICAGO IL 60607 CONSULTING 545075 MINKO CONSTRUCTION INC 3335 35TH AVE SW FARGO ND 58104 CONSTRUCTION 523070 STEPHENSON DRYWALL & LATHING INC 1716 26TH ST S MOORHEAD MN 56560 CONSTRUCTION 493521 30 23980 3592922 12982497 276097 16599399 EDUCATION, GENERAL 611310 50138913 50138913 LANGUAGE VILLAGES 611310 10312461 10312461 DINING SERVICES 611310 8286427 5535903 2750524 RESIDENCE HALLS 611310 4495210 4495210 DAY CARE SERVICES 611310 506335 506335 326121 326121 74065467 4178508 -222460 4400968 140717 23339 117378 117378 117378 343752 210709 2992535 58000 -2648783 152709 -2496074 -2496074 135067 23980 64183 70884 70884 1074284 988520 85764 85764 OTHER REVENUE 900099 1062908 1062908 ADVERTISING 541800 11535 11535 1074443 93695769 71957280 2539599 2599491 23294627 23294627 948529 705649 242880 37338439 31841024 4225077 1272338 1757071 1433235 221060 102776 7294257 6107754 917083 269420 2583514 2165164 305178 113172 89252 83252 6000 126627 126627 1298 1298 720308 720308 2580850 1850972 729325 553 231769 147696 83403 670 3137555 2868161 128958 140436 1779842 355786 1399513 24543 5325 5325 4702484 4575581 126903 3139000 2811423 224620 102957 164406 131469 22616 10321 792189 765720 26469 5618354 4884104 734250 872797 308671 564126 RESALEABLE MERCHANDISE 3647481 3647481 OTHER EXPENSES 3565358 2401898 1117390 46070 REPAIRS AND MAINTENANCE 1086425 977314 108670 441 105477757 90573405 12570477 2333875 12925887 5719908 4675331 3773166 3821169 2859928 742737 793535 1082460 674158 260953027 116281922 141802030 144671105 167027548 154974573 48553778 52880877 5438811 5476217 386069751 371823467 10323938 11626820 4346932 3266316 1927792 1827110 30081060 27455975 2208325 1824303 12892654 10627062 61780701 56627586 X 137395481 126847420 186893569 188348461 324289050 315195881 386069751 371823467 X -11781988 2196641 492178 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 103768 103768 0 PART II-B, LINE 1: PART II-B, LINE 1, LOBBYING ACTIVITIES: CONCORDIA COLLEGE IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. CONCORDIA COLLEGE PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $126,905 DURING THE TAXABLE YEAR. MPCC HAS DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2023, INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES, SUCH AS PERSONNEL COSTS, THAT SUPPORTED BOTH LOBBYING AND NON-LOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NON-LOBBYING ACTIVITIES. MPCC HAS DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 81.77% OF THE AMOUNT OF THE DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $103,768 OF CONCORDIA COLLEGE'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM CONCORDIA COLLEGE'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 46138 X X 0 0 1 X 177341871 5885266 1749782 13271308 171705611 187430498 4927265 -6458298 8557594 177341871 149372432 3167106 44663820 9772860 187430498 142249486 21124842 -4834701 9167195 149372432 132989484 10014654 6558339 7312990 142249486 0.03900 0.96100 1 0 1053588 4622485 5676073 191334477 71323048 120011429 18106667 15092940 3013727 37912979 29865934 8047045 7922831 7922831 144671105 REAL ASSET FUNDS 2036167 F FUNDS HELD IN TRUST 4677367 F PRIVATE EQUITY FUNDS 25344830 F HEDGE FUNDS 20822513 F 52880877 DEPOSITS 582412 ANNUITIES PAYABLE 10044650 10627062 X 73457025 2196641 1568220 3764861 69692164 708978 23294627 24003605 93695769 82550194 1076042 1076042 81474152 708978 23294627 24003605 105477757 PART III, LINE 4: THE COLLEGE HOLDS VARIOUS PAINTINGS, PRINTS, MOSAICS AND SCULPTURES. THE CONCORDIA COLLEGE ART COLLECTION IS AN EDUCATIONAL AND CULTURAL COMPONENT OF THE COLLEGE. IT INCLUDES SIGNIFICANT AND VALUABLE WORKS THAT REFLECT A VARIETY OF ARTISTIC CREATIVITY AND IMPART THE COLLEGE'S NORWEGIAN HERITAGE AND LOCATION IN THE UPPER MIDWEST. PART IV, LINE 2B: FUNDS HELD FOR OTHERS INCLUDE DEFERRED GIFT TRUSTS WHERE THE COLLEGE ACTS AS THE TRUSTEE AND THERE ARE OTHER BENEFICIARIES UPON MATURATION AND FUNDS HELD FOR STUDENT ORGANIZATIONS. PART V, LINE 4: THE INTENDED USE OF THE COLLEGE'S ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO FINANCE THE OPERATIONAL NEEDS OF THE COLLEGE, WHICH IN TURN WILL ALLOW THE COLLEGE TO FURTHER ITS MISSION. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE COLLEGE HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THE COLLEGE IS ALSO EXEMPT FROM STATE INCOME TAXES. THE COLLEGE FOLLOWS 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 COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF APRIL 30, 2023 AND 2022. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 23,339. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 28,053. COST OF GOODS SOLD 988,520. DIRECT FUNDRAISING EXPENSES 64,183. ACTUARIAL ADJUSTMENT 464,125. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 23,294,627. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 23,339. COST OF GOODS SOLD 988,520. DIRECT FUNDRAISING EXPENSES 64,183. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS, GRANTS, STUDENT LOANS 23,294,627. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 126057 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 15788 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 9840 EAST ASIA & PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 14683 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS N/A 23080039 0 0 0 0 0 0 23246407 0 23246407 1 0 0 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 4: CONCORDIA COLLEGE INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621 OR DO NOT REPORT ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE COLLEGE TO FILE AN ADDITIONAL FORM 8621. COBBER FOOTBALL GOLF TOURNAMENT 91969 13550 78419 13931 9941 6965 2638 COBBER BASEABALL GOLF TOURNAMENT 21182 21182 1391 3200 1298 312 4 45896 10430 35466 5875 9844 6446 500 1842 159047 23980 135067 21197 22985 14709 500 4792 64183 70884 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 1671 22852672 SCHOLARSHIPS AND GRANTS - LANGUAGE VILLAGES 370 441955 PART I, LINE 2: CONCORDIA COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR WILLIAM J CRAFT PRESIDENT 381134 0 0 0 8133 0 12513 0 44566 0 446346 0 0 0 LINDA J BROWN TREASURER/VP FOR FINANCE 198851 0 0 0 3626 0 9707 0 9363 0 221547 0 0 0 DR SUSAN J LARSON PROVOST AND DEAN OF THE COLLEGE 174935 0 0 0 355 0 7322 0 3622 0 186234 0 0 0 KARL A STUMO VP, ENROLLMENT AND MARKETING 162916 0 0 0 341 0 8105 0 10528 0 181890 0 0 0 CHRISTOPHER J MASON DEAN, OFFUTT SCHOOL OF BUSINESS 149583 0 0 0 882 0 7000 0 11996 0 169461 0 0 0 MARY M KOSIR EXECUTIVE DIRECTOR CONCORDIA LANGUAG 157583 0 0 0 556 0 7414 0 191 0 165744 0 0 0 DR LISA SETHRE-HOFSTAD VP, STUDENT DEVELOPMENT AND CAMPUS L 151627 0 0 0 289 0 7240 0 2791 0 161947 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVED $36,000 FOR HOUSING AND PERSONAL SERVICES WHICH IS INCLUDED IN NONTAXABLE BENEFITS OF $44,566. A CITY OF MOORHEAD MINNESOTA 416005386 61615DBT6 2016-03-01 42985294 CONSTRUCT & RENOVATE SCIENCE CENTER AND REFINANCE OUTSTANDING DEBT 0 0 0 A 15300816 43024857 2960744 690115 19693461 320332 19360205 2017 1 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF MOORHEAD, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 02/08/2021 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF THE ISSUE EXCEEDED THE ISSUE PRICE DUE TO INTEREST EARNINGS ON THE FUNDS. X 1 0 N/A X 19 260718 FAIR MARKET VALUE X FARM COMMODITY 1 15379 FMV X PERSONAL PROPERTY 16 0 N/A 0 1 0 PART I, COLUMN (B): THE COLLEGE IS REPORTING THE NUMBER OF DONORS IN COLUMN B, NOT THE NUMBER OF ITEMS DONATED. PART I, LINE 33: WHEN THE COLLEGE RECEIVES A DONATION WITH NO MARKETABILITY OR QUALIFIED APPRAISAL, SUCH AS DONATED HOUSEHOLD GOODS OR ART, IT IS THE COLLEGE'S POLICY NOT TO ATTACH A VALUE TO THE ITEM UPON RECEIPT OF THE GIFT. THE COLLEGE RECEIVED 16 GIFTS OF PERSONAL PROPERTY AND 1 GIFT OF ARTWORK THAT WERE NOT ASSIGNED A VALUE. FORM 990, PART VI, SECTION A, LINE 1A ANNUALLY, NINE MEMBERS OF THE BOARD ARE DESIGNATED TO SERVE ON THE EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT AS MAY BE NECESSARY ON BEHALF OF THE BOARD BETWEEN MEETINGS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE CORPORATION ASSEMBLY OF CONCORDIA COLLEGE CHANGED THE COMPOSITION OF THE VOTING MEMBERS TO THE CORPORATE ASSEMBLY. THE BYLAW CHANGE NAMES VOTING MEMBERS AS THE MEMBERS OF THE BOARD OF REGENTS OF THE CORPORATION AND THE BISHOP OR THE BISHOP'S DESIGNEE FROM EACH SYNOD IN THE CORPORATE TERRITORY. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS OF THE CORPORATION ASSEMBLY ELECT MEMBERS TO THE BOARD OF REGENTS. VOTING MEMBERS ARE MEMBERS OF THE BOARD OF REGENTS AND THE BISHOP OR BISHOP'S DESIGNEE FROM EACH SYNOD IN THE CORPORATE TERRITORY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS DELEGATED RESPONSIBILITY FOR REVIEW OF THE FORM 990 TO THE GOVERNANCE COMMITTEE. A PUBLIC INSPECTION COPY OF THE FORM 990 WAS PROVIDED TO THE GOVERNANCE COMMITTEE OF THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO MEMBERS OF THE BOARD OF REGENTS AND TO KEY EMPLOYEES REPORTING DIRECTLY TO THE PRESIDENT. EACH OF THESE INDIVIDUALS IS EXPECTED TO ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF THE BOARD A STATEMENT DISCLOSING ALL MATERIAL FINANCIAL INTEREST ($10,000 OR MORE), KNOWN TO THE REGENT OR KEY EMPLOYEE, OF THE REGENT, KEY EMPLOYEE OR FAMILY MEMBER, IN ANY OUTSIDE ENTITY WITH WHICH THE REGENT OR KEY EMPLOYEE KNOWS THE COLLEGE HAS OR IS CONSIDERING A TRANSACTION OR OTHER BUSINESS RELATIONSHIP. ANNUAL DISCLOSURE STATEMENTS ARE REVIEWED BY THE SECRETARY, SUBMITTED TO THE CHAIR OF THE AUDIT COMMITTEE AND IF A MATERIAL FINANCIAL INTEREST IS DISCLOSED IT MAY BE REFERRED TO THE BOARD. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED REGENT WILL BE REQUIRED TO LEAVE THE MEETING PRIOR TO DISCUSSION OF AND VOTE ON THE PROPOSED TRANSACTION OR AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT IS DETERMINED IN AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS. THE REVIEW INCLUDES DATA FROM COMPARABLE INSTITUTIONS AND A DEFINED TARGET WITHIN THOSE INSTITUTIONS. THE REVIEW AND RECOMMENDATION REGARDING COMPENSATION ARE PRESENTED TO THE BOARD OF REGENTS FOR ACTION. THE DECISION IS RECORDED IN THE MINUTES OF THE MEETING AND WAS LAST CONDUCTED IN 2022. THE COMPENSATION FOR THE VICE PRESIDENTS IS DETERMINED IN AN ANNUAL REVIEW BY THE PRESIDENT. THE REVIEW INCLUDES DATA FROM COMPARABLE INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE PUBLIC INSPECTION COPY OF THE FORM 990 IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, LINE 14: THE COLLEGE HAS NOT ADOPTED AN ORGANIZATION-WIDE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY BUT DOES HAVE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICIES THAT COVER THE NEEDS OF EACH DEPARTMENT. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT 464,125. CASH SURRENDER VALUE OF LIFE INSURANCE 28,053. FORM 990, PART XII, LINE 2C: THE SELECTION AND OVERSIGHT PROCESS REGARDING THE FINANCIAL STATEMENT AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER UNITRUST (27) CHARITABLE TRUST MN CONCORDIA COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER UNITRUSTS (4) S 2447269 CASH DISTRIBUTED