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Nonprofiteer
← CONCORDIA UNIVERSITY WISCONSIN FOUNDATION INC

Form 990 for tax year 2022

Filed by CONCORDIA UNIVERSITY WISCONSIN FOUNDATION INC.

Totals

Total revenue
$4,709,247
Total expenses
$2,568,444
Contributions and grants received
$3,684,570
Grants paid
$2,528,858
Program service revenue
$0
Investment income
$1,024,677
Other revenue
$0
Total assets, end of year
$147,456,082
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$147,456,082
Program services expenses (Part IX)
$2,541,390
Management and general expenses
$1,766
Fundraising expenses
$25,288
Program service expenses (Part III)
$2,541,390

Program services were 98.9% 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

    $3,684,570

  • 3 · Investment income

    total $1,194,042 · unrelated business -$5,390 · excluded $1,199,432

  • 7b · Less cost or other basis and sales expenses

    securities $169,365

  • 7c · Gain or loss

    securities -$169,365

  • 7d · Net gain or loss

    total -$169,365 · excluded -$169,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,528,858 · program services $2,528,858

  • 24a · Other expenses: MEETING EXPENSE

    total $39,586 · program services $12,532 · management and general $1,766 · fundraising $25,288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $9,237,029

  • 2 · Savings and temporary cash investments

    beginning of year $17,664,069 · end of year $5,874,675

  • 3 · Pledges and grants receivable

    beginning of year $3,646,590 · end of year $3,433,434

  • 10a · Land, buildings and equipment: cost or other basis

    $4,002,086

  • 10c · Land, buildings and equipment, net

    beginning of year $5,457,623 · end of year $4,002,086

  • 11 · Investments: publicly traded securities

    beginning of year $62,148,117 · end of year $61,751,957

  • 12 · Investments: other securities

    beginning of year $50,460,663 · end of year $63,156,901

  • 27 · Net assets without donor restrictions

    beginning of year $118,066,403 · end of year $113,835,192

  • 28 · Net assets with donor restrictions

    beginning of year $21,310,659 · end of year $33,620,890

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

PROVIDES GENERAL FUND RAISING SUPPORT AND SCHOLARSHIP FUND RAISING FOR CONCORDIA UNIVERSITY INC.

  • CONCORDIA UNIVERSITY WISCONSIN FOUNDATION PROVIDES GENERAL FUND RAISING SUPPORT AND SCHOLARSHIP FUND RAISING EXCLUSIVELY FOR CONCORDIA UNIVERSITY INC, MEQUON, WI AND ITS STUDENTS.

    Expenses $2,541,390 · Grants $2,528,858

As filed on the 2022 return.

Listed in Part VII

  • Christine Specht-Palmert

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Terrance Rowinski

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jon Schumacher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heather Dunn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judith Fischer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kris Best

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Burow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Celeste Cuffie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terry Donovan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Horne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Kasten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chez Misko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Harriet Pedersen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Rosenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Saalfeld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bryan Seider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Sheldon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Stollenwerk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rich Tweitmeyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gino Villani

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fred Watkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Schjerven

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erik Ankerberg

    PRESIDENT (START 2/5/23)

    Total calculated
    $0
    Hours/week
    1 + 41 related

  • William Cario

    INTERIM PRESIDENT (END 1/31/23)

    Total calculated
    $173,511
    From this org
    $0
    From related orgs
    $111,649
    Other
    $61,862
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $111,649 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,898 related
    Nontaxable benefits
    $0 + $15,964 related
    Filer's total
    $0 + $173,511 related

  • Roy Peterson

    VP/CFO

    Total calculated
    $237,788
    From this org
    $0
    From related orgs
    $130,727
    Other
    $107,061
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,727 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,455 related
    Nontaxable benefits
    $0 + $81,606 related
    Filer's total
    $0 + $237,788 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

None.

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 3
CONCORDIA UNIVERSITY INC. DETERMINES COMPENSATION USING INDUSTRY STANDARDS, WAICU ORGANIZATIONAL DATA, CUS ORGANIZATIONAL DATA, AND OTHER VARIOUS DATA RESOURCES. FINAL AMOUNTS ARE APPROVED BY THE CONCORDIA UNIVERISTY INC. BOARD OF REGENTS ANNUALLY.

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

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.

  • CONCORDIA UNIVERSITY INC

    501(C)(3) · HIGHER EDUCATION · WI

  • CUVENTURES

    501(C)(3) · SUPPORTING ORGANIZATION · WI · controlled entity

    Directly controlled by CONCORDIA UNIVERSITY WISCONSIN FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349314993

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