2021-04-21T12:05:41-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 470378777 CONCORDIA UNIVERSITY CONC 4026437380 800 NORTH COLUMBIA AVENUE SEWARD NE 68434 RUSSELL SOMMERFELD INTERIM PRESIDENT 4026437380 2021-04-15 1 DEIRDRE HODGSON P01484710 6123764500 2021-04-15 2019 2022-09-23 18:48:47Z CONCORDIA UNIVERSITY NEBRASKA RUSSELL SOMMERFELD 800 NORTH COLUMBIA AVENUE SEWARD NE 68434 72543865 0 1709 X WWW.CUNE.EDU X 1894 NE FOUNDED IN 1894 BY THE LUTHERAN CHURCH-MISSOURI SYNOD, CONCORDIA UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING. THE MAIN CAMPUS IS LOCATED IN SEWARD, NEB. THE GRADUATE SCHOOL AND DEGREE COMPLETION PROGRAM ARE BASED IN LINCOLN NEBRASKA. CONCORDIA IS COMMITTED TO PROVIDING EXCELLENT PROFESSIONAL AND LIBERAL ARTS PROGRAMS IN AN ENVIRONMENT THAT RICHLY SUPPORTS THE CHIRSTIAN GROWTH OF ITS STUDENTS. 18 17 1025 154 31674 -2743 8855135 17420676 54424109 54096080 502107 397873 18965 -37711 63800316 71876918 23837327 24853584 0 0 18517040 18595835 50844 0 1495747 18472119 17607871 60877330 61057290 2922986 10819628 134993320 154290318 33795341 43827719 101197979 110462599 X CONCORDIA UNIVERSITY, NEBRASKA IS AN EXCELLENT ACADEMIC AND CHRIST-CENTERED COMMUNITY EQUIPPING MEN AND WOMEN FOR LIVES OF LEARNING, SERVICE, AND LEADERSHIP IN THE CHURCH AND WORLD. VISION-BY 2025, CONCORDIA UNIVERSITY WILL EXCEL BY DELIVERING A DISTINCTIVE LUTHERAN EDUCATION THAT INCREASINGLY ENGAGES AND INFLUENCES THE WORLD. WHAT CONCORDIA STANDS FOR- THE UNIVERSITY IS COMMITTED TO THE CHRISTIAN GROWTH OF ITS STUDENTS THROUGH DEGREE PROGRAMS IN PROFESSIONAL EDUCATION AND THE LIBERAL ARTS. IN ADDITION, CONCORDIA'S FACULTY, STAFF AND STUDENTS ARE COMMITTED TO SERVICE TO THE CHURCH AND COMMUNITY AND TO SCHOLARLY ACTIVITY AND RESEARCH. 0 0 51936550 24853584 47737237 HIGHER EDUCATION - CONCORDIA UNIVERSITY NEBRASKA PROVIDES A COMPLETE CHRISTIAN LIBERAL ARTS EDUCATION. THESE PROGRAM SERVICE EXPENSES ARE COSTS RELATED TO EDUCATING STUDENTS IN ALL UNIVERSITY PROGRAMS. 3846 TOTAL STUDENT COUNT; 1993 STUDENTS RECEIVED SCHOLARSHIPS FROM THE $24,853,584 SCHOLARSHIPS AWARDED. 3298008 0 5744748 AUXILIARY SERVICES - THE COST FOR STUDENT ROOM AND BOARD. ON AVERAGE CONCORDIA UNIVERSITY HOUSED 800 STUDENTS AND 974 USED CONCORDIA'S CAMPUS DINING SERVICES FOR A PLAN THAT ALLOWED 80 MEALS PER SEMESTER TO 21 MEALS PER WEEK. MEAL PLANS ALSO INCLUDE DINING DOLLARS THAT MAY SPENT AT THE DINING HALL, 10:31 COFFEE SHOP OR AT THE DOG HOUSE GRILL. 55234558 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 1 1 1 1 1 1 0 0 0 1 1 0 0 0 1 3344 0 1 1025 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 KY MD ME MI NH OR SC X DAVID KUMM 4026437380 800 NORTH COLUMBIA AVENUE SEWARD NE 68434 BRIAN FRIEDRICH LEFT 123119 PRESIDENT 65.00 3.00 X 87597 0 360060 DAVID KUMM EXEC VP, CFO, COO 55.00 0.60 X 145482 0 84084 TIM PREUSS PROVOST 55.00 0.00 X 71061 0 199762 KURTH BRASHEAR VP INST ADV/GENERAL COUNSE 55.00 2.00 X 122490 0 51590 SCOTT SEEVERS VP FOR ENROLLMENT, STUDENT 55.00 0.00 X 1648 0 153652 D GENE BROOKS VP STUDENT AFFAIRS & ATHLE 55.00 0.00 X 87508 0 64306 RUSSELL SOMMERFELD INTERIM PRESIDENT 65.00 3.00 X 27033 0 75368 ERIK VIESELMEYER REGENT 0.60 0.60 X 4382 0 4382 JAMES DAVID WOELMER REGENT 0.60 0.60 X 2615 0 0 RYAN BURGER REGENT - SECRETARY 0.60 0.60 X 2025 0 0 STUART BARTRUFF REGENT - CHAIR 0.60 0.60 X 0 0 0 JILL JOHNSON REGENT - VICE CHAIR 0.60 0.60 X 0 0 0 KRISTA BARNHOUSE REGENT 0.60 0.60 X 0 0 0 BRAD BIRTELL REGENT 0.60 0.60 X 0 0 0 CRAIG ERNSTMEYER REGENT 0.60 0.60 X 0 0 0 EUGENE GIERKE REGENT 0.60 0.60 X 0 0 0 JOHN FRASER REGENT 0.60 0.60 X 0 0 0 GAIL HAWKINS REGENT 0.60 0.60 X 0 0 0 DICK HELMS REGENT 0.60 0.60 X 0 0 0 TIMOTHY HUE REGENT 0.60 0.60 X 0 0 0 RICHARD HUEBNER REGENT 0.60 0.60 X 0 0 0 DENNIS MEYER REGENT 0.60 0.60 X 0 0 0 TRUDY MEYER REGENT 0.60 0.60 X 0 0 0 TIMOTHY MOLL REGENT 0.60 0.60 X 0 0 0 RICHARD SNOW REGENT 0.60 0.60 X 0 0 0 551841 0 993204 2 0 1 0 HOTCHALK INC 1999 S BASCOM AVE STE 600 CAMPBELL CA 950082206 CONSULTING 2816126 COMPASS GROUP USA INC CHARTWELLS FOODSE PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICE 2101624 ARAMARK SERVICES INC 2731 NETWORK PL CHICAGO IL 606931337 FACILITY MANAGEMENT 1898378 WILEY EDUCATIONAL SERVICES 1415 W 22ND ST STE 800 OAK BROOK IL 605232028 CONSULTING 821231 HANDS INC H&S PLUMBING & HEATING 1720 CUSHMAN DR LINCOLN NE 685122264 CONSTRUCTION 332471 8 76007 698568 1237921 15408180 607377 17420676 TUITION & FEES 611710 46531776 46531776 AUXILIARY SERVICES 611710 5744750 5744750 OTHER INCOME 611710 1488034 1456360 31674 COLLABORATIVE REVENUE 611710 331520 331520 54096080 400867 400867 554411 25609 560323 22691 -5912 2918 -2994 -2994 46222 76007 83933 -37711 -37711 71876918 54064406 31674 360162 X 24853584 24853584 815007 322495 389341 103171 14143998 11787708 1619885 736405 1005463 811223 127532 66708 1954490 1607461 254329 92700 676877 638403 38474 31625 29125 2500 297498 297498 7443069 6917830 417335 107904 252997 131361 119392 2244 826243 628768 197475 889283 875594 13689 1181121 1181016 105 881238 809022 34129 38087 153414 135031 9683 8700 454234 454234 3204316 2779849 406451 18016 620688 620688 EQUIPMENT 445509 423969 21451 89 DUES & PERIODICALS 213069 159916 52574 579 HOSPITALITY 101689 52360 7999 41330 REPAIRS AND MAINTENCE 82183 44046 36994 1143 529695 503162 26533 61057290 55234558 4326985 1495747 20106 694780 1070098 3480514 10812241 16467459 884595 5885097 113281 94560 832743 681411 14224 14240 752541 943612 137687432 53340798 76550384 84346634 34467499 31590439 3529015 4663377 5946593 5428195 134993320 154290318 7595148 2748242 2106972 7211496 17100754 16091482 84213 102054 1568919 13479855 5339335 4194590 33795341 43827719 X 32988782 53926618 68209197 56535981 101197979 110462599 134993320 154290318 X 10819628 -1495304 -59704 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 46850 0 0 X X 1 0 1 X 54034480 1773911 -2091552 2341756 51375083 51938466 2278529 1721016 1903531 54034480 51086658 2043440 2826181 3562711 455102 51938466 44678605 3520173 5148885 1850710 410295 51086658 44962737 1635906 500254 2037479 382813 44678605 0.09800 0.84130 0.06070 1 1 1 742512 742512 106996788 34643631 72353157 15028946 11427537 3601409 14919186 7269630 7649556 84346634 DEPOSITS PAYABLE 1397061 ASSET RETIRMENT OBLIGATION 351761 REFUNDABLE ADVANCES FEDERAL PERKINS 856906 DUE TO FOUNDATION 1588862 4194590 X 45178334 -1495304 7507 -59705 -1547502 46725836 25151082 25151082 71876918 35913715 7507 7507 35906208 25151082 25151082 61057290 PART III, LINE 4: CONCORDIA OWNS THE BARTELS MUSEUM WHICH HAS MORE THAN 75 DISPLAYS OF MINERALS, AGATE, FOSSILS, AND STONES. IN 1983, A DONOR GIFTED A LARGE PORTION OF THEIR COLLECTION TO CONCORDIA, WHERE IT COULD BE ENJOYED BY STUDENTS AND VISITORS. CONCORDIA MAKES THIS AVAILABLE FOR PUBLIC DISPLAY WHICH IS EDUCATIONAL FOR CONCORDIA STUDENTS AND THE PUBLIC. THE BARTELS MUSEUM IS OPEN TO THE PUBLIC AT NO CHARGE. CONCORDIA ALSO OWNS AND OPERATES THE MARXHAUSEN GALLERY WHICH HOUSES PERMANENT ART COLLECTIONS AND IS USED AS AN EXHIBITION LOCATION FOR STUDENTS TO SHARE THEIR SENIOR THESIS EXHIBITIONS AMONG OTHER EXHIBITIONS. THE GALLERY IS OPEN TO THE PUBLIC AT NO CHARGE. ART WORK IS ALSO ON DISPLAY AT JONES NATIONAL BANK IN SEWARD, NE. PART IV, LINE 2B: THE UNIVERSITY HOLDS FUNDS FOR MULITPLE STUDENT ORGANIZATIONS IN CUSTODIAL ACCOUNTS. PART V, LINE 4: OUR ENDOWMENT FUND CONSISTS OF SEVERAL DIFFERENT INTENDED DESIGNATIONS 85.7% OF THE FUND IS DESIGNATED FOR SCHOLARSHIPS, 8.1% OF THE FUND IS FOR INSTITUTIONAL SUPPORT, 3.9% IS FOR INSTRUCTIONAL/ACADEMIC SUPPORT AND 4.3% IS FOR STUDENT SERVICES. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT CONCORDIA UNIVERSITY, NEBRASKA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE UNIVERSITY 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 IS ALSO EXEMPT FROM STATE INCOME TAXES. THE UNIVERSITY 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 UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020 AND 2019. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN SPLIT-INTEREST 5,168. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL FUNDS -64,873. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 24,853,584. INVESTMENT EXPENSES 297,498. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 297,498. SCHOLARSHIPS 24,853,584. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CONCORDIA UNIVERSITY POLICY OF RACIAL NONDISCRIMINATION IS PUBLISHED IN "LUTHERAN WITNESS", "REPORTER", LOCAL NEWSPAPER AND THE ADMISSION OFFICE LITERATURE. THE ADMISSION OFFICE LITERATURE IS MADE AVAILABLE TO PROSPECTIVE STUDENTS. SCHEDULE E, PART I, LINE 6 FINANCIAL AID ASSISTANCE IS RECEIVED FROM THE FOLLOWING PROGRAMS: FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, FEDERAL TEACH GRANT, FEDERAL WORK STUDY, FEDERAL DIRECT STUDENT LOANS, FEDERAL PERKINS LOAN AND FEDERAL FAMILY EDUCATIONAL LOAN PROGRAMS. CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS 3661593 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 42571 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 9721 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 43113 NORTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 2584 MIDDLE EAST (INCLUDING NORTH AFRICA) 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 313 0 0 0 0 0 0 3759895 0 3759895 0 0 0 1 0 0 PART I, LINE 3: THE FAIR VALUE OF INVESTMENTS HAS BEEN ESTIMATED USING THE NET ASSET VALUE PER SHARE OF THE INVESTMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE EXPENDITURES ARE RECORDED IN THE UNIVERSITY'S ENTERPRISE REPORTING SYSTEM USING THE ACCRUAL METHOD IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. PART III ACCOUNTING METHOD: X X X X X X 1 MEYER PARTNERS LLC 1701 E WOODFIELD RD STE 425 SCHAUMBURT IL 601735313 CONSULTANT ON DIRECT MAIL PROGRAMS 0 433528 47500 386028 433528 47500 386028 KY MD ME MI NH OR SC BULLDOG GOLF CLASSIC 40065 11600 28465 2080 733 5533 4038 2328 PLUM CREEK ART AUCTION 82164 64407 17757 0 64407 0 0 4814 122229 76007 46222 2080 65140 5533 4038 7142 83933 -37711 1 SCHOLARSHIPS 1993 24853584 0 N/A N/A PART I, LINE 2: FINANCIAL AID MONITORS ALL THE SCHOLARSHIPS THAT ARE AWARDED TO THE STUDENTS TO MAKE SURE THEY FALL WITHIN THE REQUIRED GUIDELINES. GRANTS TO DOMESTIC ORGANIZATIONS ARE LIMITED AND GENERALLY DE MINIMIS. GRANTS OF MORE THAN $5000 ARE DOCUMENTED WITH THE RECIPIENT DOMESTIC ORGANIZATION AND THEIR PROPER USE CONFIRMED. X 1 1 X X 0 0 0 0 0 0 0 0 0 BRIAN FRIEDRICH LEFT 123119 PRESIDENT 87597 0 0 0 0 0 229526 0 130534 0 447657 0 0 0 DAVID KUMM EXEC VP, CFO, COO 145482 0 0 0 0 0 57176 0 26908 0 229566 0 0 0 TIM PREUSS PROVOST 71061 0 0 0 0 0 70611 0 129151 0 270823 0 0 0 KURTH BRASHEAR VP INST ADV/GENERAL COUNSE 122490 0 0 0 0 0 21919 0 29671 0 174080 0 0 0 SCOTT SEEVERS VP FOR ENROLLMENT, STUDENT 1648 0 0 0 0 0 26433 0 127219 0 155300 0 0 0 D GENE BROOKS VP STUDENT AFFAIRS & ATHLE 87508 0 0 0 0 0 22824 0 41482 0 151814 0 0 0 PART I, LINE 1A BRIAN FRIEDRICH AND TIMOTHY PREUSS - HOUSING ALLOWANCE - NOT REPORTABLE IN TAXABLE INCOME OF THE EMPLOYEE. SINCE THE INDIVIDUALS ARE MINISTERS, THE AMOUNT OF INCOME IS NOT INCLUDED ON THEIR W-2. BRIAN FRIEDRICH, AND TIMOTHY PREUSS, THESE INDIVIDUALS FOR IRS PURPOSES ARE CONSIDERED SELF-EMPLOYED. A NEBRASKA EDUCATIONAL HEALTH AND SOCIAL SERVICE FINANCE AUTHORITY 521293953 2013-11-15 1689580 LEASE OF EQUIPMENT 0 0 0 B NEBRASKA EDUCATIONAL HEALTH AND SOCIAL SERVICE FINANCE AUTHORITY 521293953 2015-01-22 20045000 REFUND PRIOR ISSUE (05/30/07) 0 0 0 A 436840 1689663 1689663 2015 0 0 1 1 B 5077816 20058400 204272 19854128 2009 0 1 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 0.02000 0.02000 1 0 1 A 0 0 1 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 A 0 B 0 SCHEDULE K, PART II, LINE 3, BOND 1 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C, BOND 1 DATE OF REBATE COMPUTATION WAS PERFORMED 10/01/2015. SCHEDULE K, PART IV, LINE 2C, BOND 2 DATE THE REBATE COMPUTATION WAS PERFORMED 07/15/2015 NOTE REGARDING THE REBATE COMPUTATIONS. SINCE THE BOND PROCEEDS HAVE BEEN SPENT AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. TIM PREUS PROVOST HOUSE INTEREST AND DEBT PAYMENTS X 113281 94560 0 1 1 94560 33500 TUITION WAIVER DEPENDENT TUITION WAIVER LYNNE KUMM SPOUSE OF OFFICER 20931 EMPLOYEE SALARY PAYMENT 0 JESSICA BRASHEAR SPOUSE OF OFFICER 14904 EMPLOYEE SALARY PAYMENT 0 MEYER PARTNERS LLC INDEPENDENT CONTRACTOR 167171 FUNDRAISING CONSULTING SERVICES 0 SCHEDULE L, PART IV ALL TRANSACTIONS WITH INTERESTED PERSONS ARE AT ARM'S LENGTH. REGENT DENNIS MEYER IS A PARTNER IN MEYER PARTNERS, LLC. X 323 64407 MARKET VALUE X 17 517183 AVG OF HIGH AND LOW X NEW GRAIN 3 15100 MARKET VALUE X LIVESTOCK 1 10687 MARKET VALUE 0 0 1 1 PART I, COLUMN (B): WORKS OF ART WERE GIVEN TO THE UNIVERSITY TO BENEFIT THE PLUM CREEK FESTIVAL ONLINE AUCTION WHICH PROCEEDS WERE USED TO SUPPORT FURTHER PROFESSIONAL EDUCATION, 323 PIECES OF ART WERE RECEIVED. CONCORDIA UNIVERSITY RECEIVED STOCK DONATIONS FROM 25 DONORS. PART I, LINE 32B: DONORS WILL TRANSFER PUBLICLY TRADED STOCK INTO OUR EDWARD JONES ACCOUNT AND EDWARD JONES WILL SELL THE STOCK AND ISSUE US A PAYMENT. GIFTS OF GRAIN ARE DELIVERED TO GRAIN COOPERATIVES AND GIFTS OF LIVESTOCK ARE DELIVERED TO LIVESTOCK AUCTIONS WHERE THEY ARE SOLD AT MARKET VALUE. CONCORDIA UNIVERSITY RECEIVED 17 STOCK DONATIONS FROM 11 DONORS, 15 GIFT OF LIVESTOCK FROM 1 DONOR AND 3 GIFTS OF GRAIN FROM 2 DONORS. WORKS OF ART WERE GIVEN TO THE UNIVERSITY TO BENEFIT THE PLUM CREEK FESTIVAL ONLINE AUCTION WHICH PROCESS WERE USED TO SUPPORT FURTHER PROFESSIONAL EDUCATION, 323 PIECES OF ART WERE RECEIVED. FORM 990, PART VI, SECTION A, LINE 1 THE FINANCE COMMITTEE HAS THE AUTHORITY TO APPROVE THE FORM 990 ON BEHALF OF THE FULL BOARD. THERE ARE NO OTHER COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A FOUR BOARD MEMBERS ARE ELECTED BY THE LUTHERAN CHURCH-MISSOURI SYNOD IN CONVENTION, FOUR BOARD MEMBERS ARE ELECTED BY THE NE DISTRICT OF THE LUTHERAN CHURCH-MISSOURI SYNOD IN CONVENTION, ONE BOARD MEMBER IS APPOINTED BY THE PRESIDENT OF THE LUTHERAN CHURCH-MISSOURI SYNOD, AND THE PRESIDENT OF THE NE DISTRICT OF THE LUTHERAN CHURCH-MISSOURI SYNOD IS A BOARD MEMBER BY VIRTUE OF HOLDING THAT OFFICE. FORM 990, PART VI, SECTION A, LINE 7B AS A POSTSECONDARY EDUCATION INSTITUTION OF THE LUTHERAN CHURCH-MISSOURI SYNOD, THE CONCORDIA UNIVERSITY SYSTEMS BOARD OF HIGHER EDUCATION MAY HAVE FINAL APPROVAL OVER SOME DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD OF REGENTS WILL REVIEW AND REPORT TO THE BOARD. ALL BOARD MEMBERS ARE GIVEN A LINK TO THE 990 ONLINE. SCHEDULE B IS NOT SHARED WITH THE ENTIRE BOARD. 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 MEMBER OR REGENT 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. EACH REGENT, BOARD OF REGENTS COMMITTEE MEMBERS, AND CABINET OFFICER IS REQUIRED TO REVIEW AND SIGN THE CONFLICT-OF-INTEREST POLICY YEARLY. THE GOVERNANCE COMMITTEE AND CHAIR OF THE BOARD ARE GIVEN COPIES OF THE BOARD MEMBERS SIGNED POLICIES AND REVIEW IS PERFORMED AND CONFLICTS NOTED. ANY REGENT 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 B, LINE 15 CURRENTLY THE PERSONNEL COMMITTEE MANAGES THE COMPENSATION BASED ON MARKET STUDY FOR THE PRESIDENT, AND THE PRESIDENT WORKS WITH THE PERSONNEL COMMITTEE TO MANAGE THE CABINET OFFICERS. THE PERSONNEL COMMITTEE HAS DIRECT OVERSIGHT AND REQUESTS MARKET COMPARABILITY INFORMATION FOR THEIR REVIEW. THE LAST MARKET COMPARABILITY WAS COMPLETED FALL OF 2019, WITH A 5 YEAR TRAJECTORY. AT THE REQUEST OF THE PRESIDENT IT CAN BE UPDATED, BASED ON MORE CURRENT DATA WHEN AVAILABLE. CONCORDIA USES STATE OF NEBRASKA, CUPA_HR, GPAC, CUS, AND CICN DATA. THIS PROCESS WAS LAST COMPLETED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 2,912,987. MANAGEMENT AND GENERAL EXPENSES 355,102. FUNDRAISING EXPENSES 103,806. TOTAL EXPENSES 3,371,895. CONTRACTED FOOD SERVICES: PROGRAM SERVICE EXPENSES 1,833,063. MANAGEMENT AND GENERAL EXPENSES 1,020. FUNDRAISING EXPENSES 4,098. TOTAL EXPENSES 1,838,181. CONTRACTED GRADUATE SERVICES: PROGRAM SERVICE EXPENSES 2,171,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,171,780. ATHLETIC OFFICIALS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 61,213. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,213. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST -59,704. CONCORDIA FOUNDATION NEBRASKA 800 N COLUMBIA AVE SEWARD NE 68434 476034005 PROMOTE THE UNIVERSITY THROUGH SOLICIATION OF FUNDS NE 501(C)(3) LINE 12A, I CONCORDIA UNIVERSITY NEBRASKA 1 POOLED TRUST (3) 1333 SOUTH KIRKWOOD ROAD ST LOUIS MO 63122 POOLED TRUST MO N/A T 0 STRAIGHT UNITRUST (60) 1333 SOUTH KIRKWOOD ROAD ST LOUIS MO 63122 STRAIGHT TRUST MO N/A T 0 ANNUITY TRUST (10) 1333 SOUTH KIRKWOOD ROAD ST LOUIS MO 63122 ANNUITY TRUST MO N/A T 0 CHARITABLE REMAINDER UNITRUST (1) 104 SOUTH 5TH STREET SEWARD NE 68434 CHARITABLE TRUST NE N/A T 0 SIMPLE TRUST (1) 1333 SOUTH KIRKWOOD ROAD ST LOUIS MO 63122 SIMPLE TRUST MO N/A T 0 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 CONCORDIA FOUNDATION NEBRASKA C 698568 COST