Totals
- Total revenue
- $1,540,936
- Total expenses
- $896,576
- Contributions and grants received
- $886,125
- Grants paid
- $841,865
- Program service revenue
- $0
- Investment income
- $654,811
- Other revenue
- $0
- Total assets, end of year
- $19,624,809
- Total liabilities, end of year
- $250
- Net assets or fund balances, end of year
- $19,624,559
- Program services expenses (Part IX)
- $841,865
- Management and general expenses
- $54,711
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $841,865
Program services were 93.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$886,125
-
3 · Investment income
total $654,811 · excluded $654,811
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $841,865 · program services $841,865
-
11f · Fees: investment management
total $54,711 · management and general $54,711
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,720 · end of year $32,870
-
3 · Pledges and grants receivable
beginning of year $277,440 · end of year $53,614
-
10a · Land, buildings and equipment: cost or other basis
$255,000
-
10b · Land, buildings and equipment: accumulated depreciation
$15,000
-
10c · Land, buildings and equipment, net
beginning of year $240,000 · end of year $240,000
-
11 · Investments: publicly traded securities
beginning of year $14,347,735 · end of year $15,413,295
-
15 · Other assets
beginning of year $2,622,813 · end of year $3,885,030
-
17 · Accounts payable and accrued expenses
beginning of year $250 · end of year $250
-
27 · Net assets without donor restrictions
beginning of year $1,836,092 · end of year $1,912,694
-
28 · Net assets with donor restrictions
beginning of year $15,684,366 · end of year $17,711,865
Mission and programs · 2023
Mission
THE MISSION OF CONCORDIA FOUNDATION NEBRASKA IS TO BE THE PRIME STRATEGIC AND FINANCIAL PARTNER OF CONCORDIA UNIVERSITY. CONTINUED ON SCHEDULE OTHE FOUNDATION SEEKS TO PROVIDE THE UNIVERSITY THE FREEDOM IT NEEDS TO ACHIEVE ITS VISION FOR THIS YEAR AND BEYOND AND TO MAKE POSSIBLE THAT EVERY STUDENT WHO QUALIFIES ACADEMICALLY AND DESIRES PERSONALLY TO PREPARE FOR A LIFE OF SERVANT LEADERSHIP AT CONCORDIA MAY DO SO.
Activities or mission (Part I)
TO BE THE PRIME STRATEGIC AND FINANCIAL PARTNER OF CONCORDIA UNIVERSITY.
-
SUPPORT FOR PROGRAMS AT CONCORDIA UNIVERSITY, NEBRASKA. THE FOUNDATION WAS ABLE TO SUPPORT CONCORDIA UNIVERSITY, NEBRASKA WITH SCHOLARSHIP MONIES FOR 1,239 STUDENTS, LIBRARY BOOKS, FACULTY SUPPORT AND VISUAL ARTS.
Expenses $841,865 · Grants $841,865
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shane BaackSHANE BAACK
CHAIR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Bonnie MeyerBONNIE MEYER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Kristi BurmeisterKRISTI BURMEISTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Scott AdleSCOTT ADLE
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Benjamin BallBENJAMIN BALL
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Krista BarnhouseKRISTA BARNHOUSE
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Stuart BartruffSTUART BARTRUFF
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Dan BumanDAN BUMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Ryan BurgerRYAN BURGER
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Craig ErnstmeyerCRAIG ERNSTMEYER
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
John FraserJOHN FRASER
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Doug GauntDOUG GAUNT
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Gail HawkinsGAIL HAWKINS
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Dick HelmsDICK HELMS
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Col Gloria HobanCOL GLORIA HOBAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Kristie Holthus HolochKRISTIE HOLTHUS HOLOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Timothy HuTIMOTHY HU
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Samuel HuebnerSAMUEL HUEBNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Todd JohnsonTODD JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Thomas MaurerTHOMAS MAURER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Dennis MeyerDENNIS MEYER
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Trudy MeyerTRUDY MEYER
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Timothy MollTIMOTHY MOLL
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
John NikodymJOHN NIKODYM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Klint PetersonKLINT PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Richard SnowRICHARD SNOW
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Andrew StadlerANDREW STADLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Doug TewesDOUG TEWES
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Chad ThiesCHAD THIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Erik VieselmeyerERIK VIESELMEYER
REGENT
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Robert HermannROBERT HERMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 0.6 related
-
Bernard BullBERNARD BULL
PRESIDENT
- Total calculated
- $285,308
- From this org
- $0
- From related orgs
- $131,600
- Other
- $153,708
- Hours/week
- 0.6 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $131,600 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $25,610 related
- Nontaxable benefits
- $0 + $128,098 related
- Filer's total
- $0 + $285,308 related
-
David KummDAVID KUMM
EVP, CFO
- Total calculated
- $265,033
- From this org
- $0
- From related orgs
- $169,820
- Other
- $95,213
- Hours/week
- 0.6 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $169,820 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $21,946 related
- Nontaxable benefits
- $0 + $73,267 related
- Filer's total
- $0 + $265,033 related
-
Timothy PreussTIMOTHY PREUSS
PROVOST
- Total calculated
- $259,240
- From this org
- $0
- From related orgs
- $87,318
- Other
- $171,922
- Hours/week
- 0.6 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $87,318 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $24,000 related
- Nontaxable benefits
- $0 + $147,922 related
- Filer's total
- $0 + $259,240 related
-
David Gene BrooksDAVID GENE BROOKS
VP STUDENT AFFAIRS
- Total calculated
- $153,013
- From this org
- $0
- From related orgs
- $98,581
- Other
- $54,432
- Hours/week
- 0.6 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $98,581 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,950 related
- Nontaxable benefits
- $0 + $49,482 related
- Filer's total
- $0 + $153,013 related
-
Gary McDanielGARY MCDANIEL
VP ENROLLMENT
- Total calculated
- $147,352
- From this org
- $0
- From related orgs
- $7,631
- Other
- $139,721
- Hours/week
- 0.6 + 55 related
-
Derek EngelbartDEREK ENGELBART
VP INSTITUTIONAL ADVANCEMENT
- Total calculated
- $75,190
- From this org
- $0
- From related orgs
- $57,232
- Other
- $17,958
- Hours/week
- 0.6 + 55 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- TIMOTHY PREUSS, DAVID GENE BROOKS, AND BERNARD BULL - 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. TIMOTHY PREUSS, FOR IRS PURPOSES IS CONSIDERED SELF-EMPLOYED.
- PART I, LINE 3
- 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 PERSONNELL COMMITTEE HAS DIRECT OVERSIGHT AND REQUESTS MARKET COMPARABILITY INFORMATION FOR THEIR REVIEW. THE LAST MARKET COMPARABILITY WAS COMPLETED FALL OF 2021, 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 2024.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$841,865
TO SUPPORT CONCORDIA UNIVERSITY, NEBRASKA.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · EDUCATION · NE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541219349300549
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