2019-03-08T12:00:36-07:00 2018-06-30 990 2017-07-01 396077337 CONCORDIA UNIVERSITY WISCONSIN FOUNDATION INC CONC 2622435700 12800 N Lake Shore Drive Mequon WI 53097 Allen Prochnow Exec Vice President/ COO 2622434303 2019-03-08 198.150.44.11 2017 2019-02-21 02:37:17Z Allen Prochnow 12800 N LakeShore Dr Mequon WI 53097 10607196 0 X www.cuw.edu X 2003 WI Supporting Organization - Concordia University Wisconsin Foundation is a supporting organization that provides general fund raising support and scholarship fund raising exclusively for Concordia University Inc., Mequon, WI and its students. 27 24 0 0 0 0 3840225 9140553 0 0 2916919 1466643 0 0 6757144 10607196 0 0 0 0 0 0 0 0 67791 110032 67791 110032 67791 6647112 10539405 84037602 93945660 -48229446 0 132267048 93945660 Supporting Organization - Concordia University Wisconsin Foundation is a supporting organization that provides general fund raising support and scholarship fund raising exclusively for Concordia University Inc., Mequon, WI and its students. 0 0 0 0 0 Postsecondary Education General/Other: Concordia University Wisconsin Foundation provides general fund raising support and scholarship fund raising exclusively for Concordia University Inc, Mequon, WI and its students. 0 0 0 Concordia University Wisconsin Foundation provides general fund raising support and scholarship fund raising exclusively for Concordia University Inc, Mequon, WI and its students. 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 0 0 1 0 0 1 BD CJ NL VI 0 0 1 1 1 1 0 0 0 0 X 27 24 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X X Allen Prochnow EVP-COO 2622435700 12800 N Lake Shore Drive Mequon WI 53097 Richard E Twietmeyer Board Member 0.1 0 X 0 0 0 Jon R Schumacher Board Member 0.1 0 X 0 0 0 Laurie Fallucca Board Member 0.1 0 X 0 0 0 Terry M Donovan Board Member 0.1 0 X 0 0 0 John J Stollenwerk Board Development Chair 0.1 0 X 0 0 0 William G Feld Board Member 0.1 0 X 0 0 0 Matthew Burow Board Member 0.1 0 X 0 0 0 Michael H White Board Member 0.1 0 X 0 0 0 Mary Dowell Board Member 0.1 0 X 0 0 0 Nancy Lewander Board Member 0.1 0 X 0 0 0 Kristin Gies Board Member 0.1 0 X 0 0 0 Mark F Polzin Co-Chairman 0.1 0 X 0 0 0 Frederick M Anderson Board Member 0.1 0 X 0 0 0 Randol Spaulding Board Member 0.1 0 X 0 0 0 Pat Horne Board Member 0.1 0 X 0 0 0 Ted Balistreri Board Member 0.1 0 X 0 0 0 Chezare Misko Board Member 0.1 0 X 0 0 0 Jim Kacmarcik Board Member 0.1 0 X 0 0 0 Bruce E Leep Board Member 0.1 0 X 0 0 0 Bryan Seider Board Member 0.1 0 X 0 0 0 Fred Watkins Board Member 0.1 0 X 0 0 0 Judith A Wollack Board Member 0.1 0 X 0 0 0 Christime A Specht-Palmert Co-Chairman 0.1 0 X 0 0 0 Patrick T Ferry CUW/CUWF President 0 40 X 0 163922 54133 Allen J Prochnow EVP/Chief Op Off-CUW 0 40 X 0 217566 47704 Roy Peterson Vice President Advancement 0 40 X 0 98493 24939 0 479981 126776 0 0 1 0 0 0 0 0 0 0 9140553 0 9140553 0 708282 0 0 708282 0 0 0 0 0 0 0 0 0 0 758361 0 0 0 758361 0 758361 0 0 758361 0 0 10607196 0 0 1466643 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3600 0 0 3600 0 0 0 0 0 0 0 0 0 0 0 0 49990 0 0 49990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14101 0 0 14101 Entertainment 100 0 0 100 67791 0 0 67791 149145 765206 0 0 2571331 3534208 0 0 0 0 0 0 0 0 0 0 0 0 5526129 116171 5424060 5409958 55759548 61815383 20103373 22371480 0 0 0 0 30145 49425 84037602 93945660 -48229446 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -48229446 0 X 115634782 77082544 3548415 3767337 13083851 13095779 132267048 93945660 84037602 93945660 X 10539405 4859851 0 0 0 -53720644 X 0 1 X 1 0 X 4581535 9014522 4968634 3840225 9140553 31545469 0 0 0 0 0 0 0 0 0 0 0 0 4581535 9014522 4968634 3840225 9140553 31545469 31545469 1302403 795663 699697 622927 708267 4128957 0 0 0 0 0 0 0 0 0 0 0 0 35674426 0 0.88426 0.84328 X 81502839 2974911 6172373 1520067 0 0 89130056 73660494 1274276 8096237 1528168 0 0 81502839 74921009 899815 -939543 1220787 0 0 73660494 67983347 2248271 6026219 1336828 0 0 74921009 51042770 11363039 6264285 750480 -63733 0 67983347 0.811 0.042 0.147 1 1 1 0 4962086 4962086 0 564043 116171 447872 0 0 0 0 0 0 0 0 0 0 0 0 5409958 9300575 F 0 F Cash & Money Market 1987393 F Hedge Funds 10811380 F Real Estate 272132 F 22371480 0 0 X 15467047 4859851 0 0 0 4859851 10607196 0 0 0 10607196 67791 0 0 0 0 0 67791 0 0 0 67791 Schedule D, Part V, Line 4 Concordia University Foundation provides general fund raising support and scholarship fund raising to create the endowments for the use exclusively by Concordia University Inc., and its students. The main intended use of the endowment funds is to provide scholarships to students. Minimal endowments are designated for general organizational maintenance and support. Schedule D, Part X, Line 2 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, 2018. The University's tax returns are subject to review and examination by Federal and State authorities. Open tax years subject to examination by the U.S. taxing authorities are for the years 2015 to 2018, which statutes expire 2018 and 2020, respectively. Open tax years subject to examination by the State taxing authorities are for the years 2014 to 2018, which statutes expire in 2018 to 2021, respectively. Central America and the Caribbean 0 0 Investments Malta MLC Offshore Ltd 2575653 Central America and the Caribbean 0 0 Investments HG Vora Special Opportunity 2680666 Central America and the Caribbean 0 0 Investments Suvretta Offshore Fund 2542294 Central America and the Caribbean 0 0 Investments Canyon Balanced Fund Ltd 2404790 Central America and the Caribbean 0 0 Investments Maple Rock Offshore Fund Ltd 2419989 0 0 12623392 1 0 1 1 0 0 Schedule F, Part I, Line 3 There were no additional contributions in any of these investments. The amounts listed in column f represent the fair market value of each investment at year-end. X X 1 1 0 0 0 0 0 0 0 0 0 Patrick T Ferry CUW/CUWF President 0 163922 0 0 0 0 0 54133 0 188609 0 406664 0 0 Allen J Prochnow EVP/Chief Op Off-CUW 0 217566 0 0 0 0 0 47704 0 23108 0 288378 0 0 Roy Peterson Vice President Advancement 0 98493 0 0 0 0 0 24939 0 81576 0 205008 0 0 Schedule J, Part I, Line 1a Patrick Ferry, Allen Prochnow, and Roy Peterson have memberships to the Wisconsin Club paid for by CUI. X 3 0 fair market value X 0 Fair MKT Value X 7 0 Fair MKT value X Art Equipment 4 0 Fair MKT value X Printing Services 2 0 Fair MKT value 0 0 1 0 Schedule M, Part I, Line 33 Concordia University Wisconsin Foundation (CUWF), notes the fair market value of non-cash contributions on receipts to donors and as a "memo" item in the computer system. However, CUWF does not record the donation of non-cash contributions as revenue within the financial statements. Form 990, Part V, Line 4b The names of the foreign countries are Bermuda, Cayman Islands, Netherlands Antilles, and the British Virgin Islands. Form 990, Part VI, Section A, Line 7b Concordia University Wisconsin Foundation is directly controlled by Concordia University Inc.(CUI). As such, it is required to take various items to the CUI Board of Regents for approval. Form 990, Part VI, Section B, Line 11b The Form 990 was prepared in-house. It 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. A copy of the Form 990 is also sent to each member of the Board of Regents. 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 and key officers 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 There are NO paid positions in this organization. As such, no reviews, etc. are needed. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request to the CUI President or the office of the Executive Vice President/Chief Financial Officer. Form 990, Part IX, Line 24e The entertainment expenses of $100 represent expenses for events including potential donors. Form 990, Part XI, Line 5 Other changes in Net Assets reflects the unrealized gains of the Foundation. Form 990, Part XI, Line 9 After consulting with our accounting firm, it was determined that we have been reporting our Net Assets incorrectly as it relates to splitting the assets between the University and the Foundation. We have correctly stated the ending balances in the Net Assets on this year's 990. Concordia University Inc 12800 N Lake Shore Drive Mequon WI 53097 390833608 Higher education facility WI 501(1)(c)(3) line 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 Concordia University Inc l 395691 CUI Form 990, Part IX. Concordia University Inc n 295819 CUI Form 990, Part IX. Concordia University Inc o 2211184 CUI Form 990, Part IX. Concordia University Inc r 70675 CUI Form 990, Part IX. Our 990 is prepared in-house by myself, the Controller. I had some family medical issues in November at the time we generally file for the automatic extension (form 8868), and I failed to file the extension in a timely manner. I attempted to file the form late, but it was rejected. We have installed two safety measures internally, including having a second person share responsibility for the filings, to ensure that the deadline is not missed again.