2014-05-12T16:00:10-07:00 2013-06-30 990 2012-07-01 362191242 CONCORDIA UNIVERSITY CONC 7087718300 7400 Augusta Street River Forest IL 603051499 Tom Hallett 7082093350 2014-05-12 2012 2015-11-30 17:44:51Z Concordia University Chicago Tom Hallett 7400 Augusta Street River Forest IL 60305 76070543 0 X www.cuchicago.edu X 1864 IL Founded in 1864, Concordia University Chicago is a liberal arts-based Christian university located in River Forest, Illinois. Rooted in its Christian heritage of engaging knowledge and faith, the University aspires to be the destination university for all who seek to develop their full individual potential through a distinctive, innovative and dynamic environment of exploration, creativity and discovery for leading lives of servant-minded leadership. More than 5,000 full-time students are enrolled in more than 100 undergraduate, master's and doctoral programs. Concordia-Chicago ensures that 100 percent of undergraduate students receive some form of financial aid, and actively develops additional need-based scholarship support for local students. It also manages outreach to historically underrepresented student populations, working specifically with elementary and middle school students and families to ensure they are prepared to enter college in the future. 17 17 1585 840 0 0 2582422 2530165 69464554 73275570 34558 -28378 -77086 -156066 72004448 75621291 14405375 15355623 0 0 34058655 35645965 0 0 1155638 22813965 24198577 71277995 75200165 726453 421126 60784074 59867510 52241070 50709560 8543004 9157950 As a distinctive, comprehensive university of The Lutheran Church Missouri Synod, centered in the Gospel of Jesus Christ, and based in the liberal arts, Concordia University equips men and women to serve and lead with integrity, creativity, competence, and compassion in a diverse, interconnected, and increasingly urbanized church and world. 0 0 59599593 15355623 65954467 Education, General and Other - Operation of higher education and instruction divisions including support programs devoted to religious education, encouragement and understanding for both Master's level and doctoral graduate students, as well as undergraduate students. 5,140 Full-Time Equivalent Enrollment. 3963945 0 4891044 College student room and board - Concordia University Chicago, like most other colleges/universities, provides room and board to its students. During this reporting period, the University dorms were near full capacity, with approximately 611 students living in campus residence halls. 2875075 0 341203 Conferences, Workshops, and Other University Events - Each fiscal year, Concordia University Chicago hosts several events which contribute to the accomplishment of the University's mission. Events include educational conferences, workshops, student led theatre productions and athletic events. Not only do these events enhance our students' educational experience, but they also help educate individuals from the overall community. The largest single event the University hosts each fiscal year is the Concordia University Chicago Early Childhood Teachers' Conference. This conference, held in the summer, invites current Early Childhood Teachers, many of whom are our graduates, to share and learn about new Early Childhood instructional approaches, etc. 2131741 0 2088856 Early Childhood Education, General/Other: Operation of childcare, early childhood, and primary programs for children, all of which includes a strong educational component, as well as a Christian core value component. Last year, the Early Childhood Center served nearly 400 children. 2131741 0 2088856 68570354 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 194 0 1 1585 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Tom Hallett 7082093350 7400 Augusta Street River Forest IL 603051499 Mrs Joanne Dull 1 0 X 0 0 0 Mr Kirk Farney 3 0 X X 0 0 0 Rev Dan Gilbert 3 0 X X 0 0 0 Mr James Grebe 3 0 X X 0 0 0 Dr Debra Grime 1 0 X 0 0 0 Mr E Theodore Lams 1 0 X 0 0 0 Mrs Marty Lintvedt 1 0 X 0 0 0 Mr Jim Miller 1 0 X 0 0 0 Mr Mark Muehl 1 0 X 0 0 0 Mr Chris Nelson 1 0 X 0 0 0 Rev Lance O'Donnell 1 0 X 0 0 0 Mr Orlando Pabon 1 0 X 0 0 0 Mr Angel Sales 1 0 X 0 0 0 Rev Gerald Schalk 1 0 X 0 0 0 Mr Leopold Schmidt 1 0 X 0 0 0 Mr Mark Stern 1 0 X 0 0 0 Mr Robert Wartan 1 0 X 0 0 0 Rev William Yonker 1 0 X 0 0 0 Dr John Johnson 48 2 X 178689 0 87280 Mr Tom Hallett 48 2 X 140920 0 38174 Mrs Cindy Simpson 45 5 X 147128 0 26774 Ms Evelyn Burdick 50 0 X 146381 0 21956 Dr Craig Schilling 40 0 X 136657 0 6586 Dr Marilyn Reineck 50 0 X 135630 0 23126 Mr Alan Meyer 50 0 X 134067 0 22132 1019472 0 226028 14 0 1 0 Ragnar Benson LLC 250 S Northwest Hwy Park Ridge IL 60068 Construction management 410820 Franczek Radelet PC 300 S Wacker Dr Suite 3400 Chicago IL 60606 Legal services 180724 Grant Thornton LLP 175 W Jackson Blvd Chicago IL 60604 Accounting services 123346 3 0 0 24962 830067 359406 1315730 19421 2530165 Tuition and Fees 611310 65954467 65954467 0 0 Room and Board 611310 4891044 4891044 0 0 Early Childhood Center 611600 2088856 2088856 0 0 Conferences and Other Campus Events 611710 341203 341203 0 0 0 0 0 0 73275570 6859 0 0 6859 0 0 0 0 0 0 0 0 195851 41488 395967 0 -200116 41488 -158628 0 0 -158628 0 0 0 35237 0 -35237 -35237 0 0 -35237 5025 24962 18048 -13023 0 -13023 Student Phone/Campus Card 611710 15585 0 0 15585 15585 75621291 73275570 0 -184444 0 0 15355623 15355623 0 0 0 0 407427 0 407427 0 0 0 0 0 27540783 25826398 1034803 679582 1696856 1541928 97632 57296 4294007 3891042 319268 83697 1706892 1612427 53676 40789 0 0 0 0 692136 0 692136 0 104501 0 104501 0 62311 62311 0 0 0 0 0 0 0 0 3161600 3125440 0 36160 7237030 7237030 0 0 1422198 1282927 51089 88182 920183 823417 79498 17268 0 0 0 0 2529763 2263734 218555 47474 805612 763383 19088 23141 0 0 0 0 0 0 0 0 604371 0 604371 0 0 0 0 0 3006825 2923438 83387 0 728708 0 728708 0 Other Bond Related Expenses 925543 0 925543 0 Bad Debt and Collections 435120 435120 0 0 Student Orientation 307576 307576 0 0 Memberships 169598 169598 0 0 1085502 948962 54491 82049 75200165 68570354 5474173 1155638 0 1040101 1897737 2360037 2100864 3323089 3909266 9600 7200 0 0 567942 503340 0 0 3435573 3243243 95265732 49892661 45600771 45373071 0 0 0 0 908840 942900 0 0 3538121 1889889 60784074 59867510 5196782 6652164 0 0 5077553 4408480 29450000 29150000 0 0 0 0 8060306 5576324 2689851 3612362 1766578 1310230 52241070 50709560 X -7977323 -6133850 15071751 13772557 1448576 1519243 8543004 9157950 60784074 59867510 X 421126 0 -22050 0 0 215870 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 62311 0 0 0 62311 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Paid amounts to lobbyist to help influence potential legislation and rules/regulations involving higher education reforms and educational standards under the jurisdiction of the state legislative bodies and agencies. 0 0 X X X 0 16744049 1301500 1688691 482550 289189 0 18962501 16699136 1204447 -456331 493831 209372 0 16744049 13518885 693026 3166185 518092 160868 0 16699136 11731088 591662 1817999 453876 167988 0 13518885 14595794 728810 -2883904 516377 193235 0 11731088 0.41 0.53 0.06 0 1 1 0 1919643 1919643 0 63663644 29198093 34465551 0 6878181 3734964 3143217 0 19537630 16011968 3525662 0 3266634 947636 2318998 45373071 0 Refundable government student loan funds 756517 Interest rate swap agreement 344655 Due to Concordia University Foundation 209058 1310230 X SchD_P03_S00_L01 Schedule D, Part III, Line 1 As stated in the University's audited financial statements, note B, "The University has a collection of art objects, most of which were contributed to the University. The value of these objects is not recorded in the accompanying statement of financial position. The University's Board of Regents has given the authority to sell a significant portion of the collection. While management has been given the authority, it does not currently intend to dispose any significant portion of these art objects. Management will sell or transfer ownership of an art object if it is ever determined that that art object no longer furthers the University's mission. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The University has a collection of art objects, most of which were contributed to the University without solicitation. Nearly all of these objects are paintings or sculptures; many share religious themes, which are consistent with the University's Lutheran Church-Missouri Synod heritage and belief. The objects help the University further its exempt status by providing an overall campus environment conducive of education and learning, acting as educational tools used to demonstrate varying artistic styles and themes, and providing a connection to the University's mission statement by demonstrating the values of "creativity, competence and compassion." SchD_P05_S00_L04 Schedule D, Part V, Line 4 Donations given to Concordia University Foundation are for endowments that ultimately assist Concordia University's educational and religious activities. Donors have placed restrictions on the endowment payout in the following ways: 1) financial aid given to Concordia University students, 2) support for Concordia University's Student Services and Academics, and 3) support of Concordia University's maintenance and operations of plant and University general operations. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The University and the Foundation are organizations described in Section 501(c)(3) of the Internal Revenue Code (IRC) of 1986, as amended and, as such, are exempt from federal income tax on income earned related to exempt activities under IRC Section 501(a). In addition, the IRC has determined that the University and Foundation are not private foundations within the meaning of Section 509(c) of the IRC. The FASB issued guidance that requires tax effects from uncertain positions to be recognized in the consolidated financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain tax positions that require recognition in the consolidated financial statements. The tax years ended 2010, 2011 and 2012 are still open to audit for both federal and state purposes. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Concordia University Chicago publishes its policy of racial non-discrimination in local print media, on its website at CUChicago.edu and via recruitment materials distributed by the Office of Undergraduate Admission. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Concordia University serves as a pass-through grantor for several Federal Student Financial Assistance Programs. These Federal Programs include: Federal Perkins Loans Program, Federal Pell Grants Program, Federal Supplemental Education Opportunity Grant Program, Federal Work Study Program, and the Federal Education Loan Program. In addition to the Federal Programs, Concordia also participates in the Illinois Cooperative Work Study Grant Program. Community Awards Banquet 29987 24962 5025 0 1984 4104 7188 0 4772 0 0 29987 24962 5025 0 1984 4104 7188 0 4772 18048 -13023 1 Student scholarships and fellowships 1465 15355623 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Student's eligibility to receive financial assistance from Concordia University Chicago is determined by policy approved by the Board of Regents. On a basis of careful analysis of the financial statements, the Director of Financial Aid determines the amount of aid available from various sources. Next, the amount that the student and his or her family can reasonably be expected to provide is calculated. The difference is called "demonstrated need." Financial assistance is awarded based on the student's demonstrated need for that year. Concordia-Chicago provides scholarships. All recipients are unrelated except for tuition benefits provided under Concordia-Chicago's tuition grant program to eligible employees, their spouses, and dependents. This tuition grant program is in accordance with IRC section 117(d). Concordia University Chicago also provides student assistance through work-study. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr John Johnson 178689 0 0 0 0 0 28436 0 58844 0 265969 0 0 0 Mr Tom Hallett 140920 0 0 0 0 0 14187 0 23987 0 179094 0 0 0 Mrs Cindy Simpson 147128 0 0 0 0 0 12634 0 14140 0 173902 0 0 0 Ms Evelyn Burdick 146381 0 0 0 0 0 13968 0 7988 0 168337 0 0 0 Dr Marilyn Reineck 135630 0 0 0 0 0 12862 0 10264 0 158756 0 0 0 Mr Alan Meyer 134067 0 0 0 0 0 13100 0 9032 0 156199 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a IRS instructions to Form 990 require that the fair market value of housing provided to employees by their employer be reported on Form 990, Part VII, Section A and Schedule J, Part II. As a condition of employment, the President of the University is required to reside on campus premises. The residence serves both as a personal residence as well as a venue for carrying out University business. The University has determined that the value of the use of the personal residence is not considered taxable income to the President as provided in Internal Revenue Code Section 119. For tax year 2012, the President's use of the residence is conservatively estimated to be $42,000. This estimated value is based on the fair rental value of $3,500 per month for similar houses in the area. This value includes maintenance of the property, landscaping and snow removal. A Illinois Finance Authority 861091967 45200FA82 2009-10-29 30000000 Construction, renovation, and to retire other debt. 0 0 0 A 850000 0 30000000 0 0 0 310067 0 0 28597581 0 1092352 2009 1 0 1 1 A 0 1 0 0 0.00386 0 0.00386 1 0 0 A 0 0 0 0 1 0 0 0 0 A 0 SchK_P03_S00_L09 Schedule K, Part III, Line 9 Although written procedures were not established to ensure that violations of tax requirements are timely identified and corrected, management regularly performed such reviews while the bonds were outstanding. Further, as evidenced by their opinion letters, bond counsel and Concordia's legal counsel performed several such procedures and reviews in requirement for the July 1, 2013 debt payment transaction. Evelyn Burdick Sr. VP Enrollment and Marketing Personal Loan X 9600 7200 0 1 1 7200 F990_P01_S00_L06 Form 990, Part I, Line 6 The Cougar Corps is the name given to all volunteers who share their time with Concordia University Chicago. During fiscal year 2013, members of the Cougar Corps, including current students, Board Members, staff, faculty, alumni, parents, and community members contributed more than 1,500 hours of service to Concordia University. Additionally, in 2013, Concordia University was named to the United States President's Higher Education Community Service Honor Roll for the fifth time in seven years. This federal recognition is the highest a college or university can receive for its commitment to volunteering, service-learning and civic engagement. Nearly 46 percent of students gave back to the community through 6,892 service hours. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a According to Concordia University's bylaws, membership on the Board of Regents shall be elected in the following manner: Three (3) Regents shall be elected by the Northern Illinois District of the Lutheran Church Missouri Synod in years divisible by three (3) with a remainder of two (2). Five (5) Regents shall be elected at the Convention of Synod in years evenly divisible by three (3). Four (4) Regents shall be elected by the Board of Regents for years divisible by three (3) with a remainder of one (1). Furthermore, members of the Board of Regents may elect up to four (4) additional members at any time. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b There are several distinct steps that Concordia follows with its IRS Form 990 Review Process. A first draft was prepared by Concordia's Controller and a top level review was performed by University Management. After this initial review, an updated draft was sent to the University's auditor, Grant Thornton. Grant Thornton performed an in depth review of the first draft, requested support documentation for numerous parts of the 990, and provided items for the Controller to consider, verify, and/or correct. The Controller incorporated these items and developed a second draft of the Form 990. Upon completion of the second draft the Controller forwarded the draft, Grant Thornton's list of items, and the Controller's responses to those items to the University's VP for Finance and CFO, who performed an in depth review. Upon completion of this review, the draft was sent to Grant Thornton, along with the Controller's response to their items and changes, if any, identified after their initial review. Grant Thornton performed its final review and provided the Controller with the near final draft. The Controller forwarded the near final draft to the members of the Board of Regents' Finance Committee. This Committee was authorized, through Board Resolution, to act on behalf of the entire Board to review and approve the IRS Form 990. The Finance Committee was given approximately one week to review the IRS Form 990. During this review, members of the Committee emailed the Controller with questions and comments, if any. The Controller compiled these items and amended the 990, as needed. The Controller then sent the Committee the updated return, along with the compiled list of Committee questions and comments. Shortly after sending the return to the Committee, a Finance Committee meeting was held, during which the IRS Form 990 was finalized. Once finalized, the Committee, through resolution, voted to approve the filing of the IRS Form 990. After this vote, the Controller sent the entire Board of Regents a copy of the final Form 990. The Board of Regents was asked to review the return. After approximately one week, the Controller filed the final, approved, IRS Form 990. While not anticipated, if a question or concern expressed by a member of the Board of Regent at an upcoming Board meeting resulted in a need to correct the already filed return, the Controller would immediately file an amended return. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Concordia University Chicago is fully committed to conducting its responsibilities in a manner reflecting the highest degree of integrity and honesty. The success of Concordia in conducting its affairs is the sum effort of each Board, Committee, and Cabinet member in conducting his or her responsibilities with good judgment and in an ethical manner. Therefore, without exception, each member is to comply with Concordia's Conflict of Interest Policy. As such upon appointment, and annually thereafter, each member is asked to read, acknowledge understanding, and agree to comply with, Concordia's Conflict of Interest Policy. As part of this process, each member is asked to disclose personal potential conflict of interest. All such disclosures are reported to the Board and Concordia's President, who determine whether a potential conflict of interest exists. In the event that it is determined that a conflict does exist, the Member is prohibited in participating in all deliberations and decisions associated with all activities involving the related organization. In the event that that it is discovered that any inappropriate activity does occur related to an actual conflict of interest, the relevant Member's position would be immediately vacated. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 In addition to approving the Concordia University President's annual contract, there are several other individuals who have their salaries reviewed and approved by the Finance Committee of the Board of Regents. These individuals include the President's Cabinet and all individuals who have the ability to affect employees' compensation. This includes all members of the Human Resources and Payroll departments, as well as the University's Controller, Assistant Controller and Director of Budget Services. Annually, the Director of Human Resources and the Assistant Controller provide the Board with these individuals' compensation, as well as comparative data from similar universities. Once the data is reviewed, annual compensation increases for these individuals is either approved or rejected. This approval or rejection is document through a formal board resolution of the Concordia University Board of Regents. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Concordia University makes its Articles of Incorporation, Bylaws, Conflict of Interest Policy, Whistle Blower Policy, IRS Form 990 and audited financial statements available to the general public on its website. (http://cuchicago.edu/about-concordia/our-mission/financial-information/) F990_P11_S00_L09 Form 990, Part XI, Line 9 1) Equity transfer to Concordia University Foundation -$73,818, 2) gain on interest rate swap $156,794, 3) change in value of funds held by third party $58,772, 4) change in value of life insurance policies $8,976, 5) change in value of pledge receivables $65,146. Concordia University Foundation 7400 Augusta Street River Forest IL 60305 237055802 Formed to promote Concordia University through solicitation of funds and management of endowment. IL 501(c)(3) Line 11- Type I Concordia University 1 Lutheran Church Missouri Synod 1333 S Kirkwood Road Saint Louis MO 63122 460658118 Spreading the Gospel MO 501(c)(3) Line 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Concordia University Foundation c 771739 Cost Concordia University Foundation r 73818 Cost