2023-05-15T11:33:57-05:00 2022-06-30 363168081 SIKICH LLP 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2021-07-01 390833608 CONCORDIA UNIVERSITY INC CONC 2622435700 12800 N LAKE SHORE DRIVE MEQUON WI 53097 ROY PETERSON CFO 2622435700 2023-05-12 1 ROY PETERSON 999009999 JILL M BOYLE CPA P01246734 2627549400 2023-05-12 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z ROY PETERSON 12800 N LAKE SHORE DRIVE MEQUON WI 53097 176566325 0 X WWW.CUW.EDU X 1881 WI A LUTHERAN EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT. 25 25 2903 219 0 0 7940782 14851085 159644465 156966204 914135 4731519 16696 17517 168516078 176566325 53102419 49990319 0 0 73636993 74586160 0 0 3461804 43847543 50303537 170586955 174880016 -2070877 1686309 163946113 177844047 44248015 41833654 119698098 136010393 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 95547019 156966204 POST SECONDARY EDUCATION GENERAL/OTHER: 4799 STUDENTS IN UNDERGRADUATE CLASSES, 3360 STUDENTS IN GRADUATE CLASSES, 1781 STUDENTS WERE GRADUATED IN THE 2021-2022 SCHOOL YEAR. THE UNIVERSITY HAS 95 BACHELOR MAJORS AND 82 MINORS, 49 MASTERS PROGRAMS, AND SIX DOCTORAL PROGRAMS. 49990319 49990319 STUDENT FINANCIAL AID PROGRAMS: FINANCIAL AID TO STUDENTS INCLUDING SCHOLARSHIPS, REMITTED TUITION, AND STIPENDS FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 145537338 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 9133 0 2903 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 ROY PETERSON 2622434533 12800 N LAKE SHORE DRIVE MEQUON WI 53097 WILLIAM CARIO INTERIM PRESIDENT 40.00 2.00 X 108999 0 193450 ALLEN PROCHNOW VP & COO 40.00 2.00 X 237633 0 60998 DR ERIK JORVIG DEAN, SCHOOL OF PHARMACY 40.00 0.00 X 209889 0 52646 DR MICHAEL BROWN PHARMACY PROFESSOR 40.00 0.00 X 166901 0 55118 DR DANIEL SEM DEAN, SCHOOL OF BUSINESS 40.00 1.00 X 161041 0 55772 DR ROY PETERSON VP ADVANCEMENT / CFO 40.00 2.00 X 161555 0 55655 DR ERNIE STREMSKI PHARMACY PROFESSOR 40.00 0.00 X 166956 0 48565 THOMAS PHILLIP VICE PRESIDENT 40.00 0.00 X 147237 0 58487 DR STEVEN MONTREAL DEAN, ARTS & SCIENCES 40.00 0.00 X 135843 0 45521 RICHARD LAABS BOARD CHAIRMAN 1.00 0.00 X X 0 0 0 HARRIET PEDERSEN BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 DWAYNE JOBST SECRETARY 1.00 0.00 X X 0 0 0 ALLAN BUSS BOARD MEMBER-ADVISORY 1.00 0.00 X 0 0 0 REV JOHN WILLE BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT DENKERT BOARD MEMBER 1.00 0.00 X 0 0 0 TERRY DONOVAN BOARD MEMBER 1.00 1.00 X 0 0 0 DALE ROBERTSON BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD ROBERTSON BOARD MEMBER 1.00 0.00 X 0 0 0 RUTH KOCH BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTINE SPECHT BOARD MEMBER 1.00 1.00 X 0 0 0 REV DWAYNE LUECK LCMS ADVISORY 1.00 0.00 X 0 0 0 REV DAVID MAIER LCMS ADVISORY 1.00 0.00 X 0 0 0 DR TIMOTHY JEST BOARD MEMBER 1.00 0.00 X 0 0 0 NANCY KOROM BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN BERG BOARD MEMBER 1.00 0.00 X 0 0 0 DEBORAH DAVIDSON BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID FLEMING BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES RISKE JR BOARD MEMBER 1.00 0.00 X 0 0 0 REV DR DANIEL BERGE 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 KEVIN WILSON LCMS ADVISORY 1.00 0.00 X 0 0 0 MARK POLZIN ADVISORY 1.00 2.00 X 0 0 0 REV MICHAEL HENRICHS BOARD MEMBER 1.00 0.00 X 0 0 0 DR GARY PETERSEN BOARD MEMBER 1.00 0.00 X 0 0 0 1496054 0 626212 91 0 1 0 CATCON LLC 833 E MICHIGAN ST STE 1000 MILWAUKEE WI 53202 CONSTRUCTION 334730 MIDWEST FIBER NETWORK 6070 N FLINT RD GLENDALE WI 53209 CABLING INSTALLATION 258724 DELL MARKETING 1 DELL WAY ROUND ROCK TX 78682 COMPUTERS 253646 GOOD KARMA BRANDS 310 W WISCONSIN AVE MILWAUKEE WI 53203 ADVERTISING 121237 TIMELYMD 1315 S ADAMS ST FT WORTH TX 76104 MEDICAL SERVICES 117976 13 57200 14793885 14851085 TUITION AND FEES 611310 137089964 137089964 RESIDENCE HALL CHARGES 611310 14321777 14321777 FOOD SERVICE CHARGES 611310 5060612 5060612 OTHER AUXILIARY AND LOCAL SUPPORT 611310 493851 493851 156966204 86628 86628 17517 0 17517 17517 17517 4644891 0 4644891 4644891 4644891 176566325 156966204 0 4749036 49990319 49990319 1472587 479166 698086 295335 56090065 47680715 7368668 1040682 3721800 3384152 197928 139720 9553893 8686602 508403 358888 3747815 3155443 506308 86064 74418 29975 44443 418413 8110 410303 64340 64340 8948644 3039923 5782758 125963 5186212 748137 4323202 114873 1845346 1332250 443949 69147 2477304 1648236 829068 967208 967208 1709004 1556853 114941 37210 96650 86198 5662 4790 785769 785769 7258163 5330219 1912526 15418 899292 68277 836319 -5304 VARIOUS OTHER EXPENSES 7315458 13232839 -7010149 1092768 BUILDING / EQUIPMENT RE 4800750 2060997 2718602 21151 UTILITIES 2644439 16752 2627687 PROPERTY PLANT & EQUIP 545493 -415357 960850 4266634 2450324 1751211 65099 174880016 145537338 25880874 3461804 4717655 7096196 5595165 2346852 2087263 3551935 4017428 239474 271635 1224275 1588641 245219592 86037351 161420144 159182241 1892305 -15149387 1708338 163946113 177844047 5994241 4692782 4368037 4832502 25423716 23604656 8462021 8703714 44248015 41833654 X 97784481 115118446 21913617 20891947 119698098 136010393 163946113 177844047 1686309 14625986 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 40000 0 0 X X 0 121557055 3864138 -6995134 2541806 115884253 91389352 4220221 27964169 1339845 676842 121557055 92320906 2450080 -821747 2559887 91389352 89130056 1484688 3334314 1628152 92320906 81502839 2974911 6172373 1520067 89130056 0.91041 0.06242 0.02717 1 1 1 13894903 13894903 192240494 60884887 131355607 17483147 8896478 8586669 21467703 16255986 5211717 133345 133345 159182241 DEPOSITS PAYABLE 2820845 AGENCY FUNDS HELD IN CUSTODY FOR OTHERS 5882869 8703714 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 (IRS) HAS DETERMINED THAT THE UNIVERSITY, THE FOUNDATION AND CUVENTURES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, CONCORDIA UNIVERSITY, INC., CUWF, AND CUVENTURES ARE NOT SUBJECT TO FEDERAL INCOMES 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 CUVENTURES ARE ALSO EXEMPT FROM STATE INCOME TAXES. 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 4176 49990319 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 WILLIAM CARIO INTERIM PRESIDENT 108999 0 0 0 0 0 43878 0 149572 0 302449 0 0 0 ALLEN PROCHNOW VP & COO 237633 0 0 0 0 0 43231 0 17767 0 298631 0 0 0 DR ERIK JORVIG DEAN, SCHOOL OF PHARMACY 209889 0 0 0 0 0 52646 0 0 0 262535 0 0 0 DR MICHAEL BROWN PHARMACY PROFESSOR 166901 0 0 0 0 0 43729 0 11389 0 222019 0 0 0 DR DANIEL SEM DEAN, SCHOOL OF BUSINESS 161041 0 0 0 0 0 42698 0 13074 0 216813 0 0 0 DR ROY PETERSON VP ADVANCEMENT / CFO 161555 0 0 0 0 0 22932 0 32723 0 217210 0 0 0 DR ERNIE STREMSKI PHARMACY PROFESSOR 166956 0 0 0 0 0 42247 0 6318 0 215521 0 0 0 THOMAS PHILLIP VICE PRESIDENT 147237 0 0 0 0 0 39542 0 18945 0 205724 0 0 0 DR STEVEN MONTREAL DEAN, ARTS & SCIENCES 135843 0 0 0 0 0 36539 0 8982 0 181364 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 EMPLOYEE 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 THOMAS DAVILLA SON-IN-LAW OF OFFICER 23408 WAGES 0 STEPHEN CARIO CHILD OF KEY EMPLOYEE 36691 WAGES 0 JILL KRELL SISTER OF OFFICER 71568 WAGES 0 CHERYL CARIO SPOUSE OF KEY EMPLOYEE 250 WAGES 0 DAVID CARIO CHILD OF KEY EMPLOYEE 10733 WAGES 0 NICHOLAS TAYLOR CHILD OF KEY EMPLOYEE 3238 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. 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