Form 990 for tax year 2024
Filed by CONCORDIA UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $1,654,819
- Total expenses
- $1,221,106
- Contributions and grants received
- $1,069,970
- Grants paid
- $1,119,708
- Program service revenue
- $0
- Investment income
- $584,849
- Other revenue
- $0
- Total assets, end of year
- $36,256,500
- Total liabilities, end of year
- $4,574
- Net assets or fund balances, end of year
- $36,251,926
- Program services expenses (Part IX)
- $1,119,708
- Management and general expenses
- $101,398
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,119,708
Program services were 91.7% 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
$1,069,970
-
1g · Noncash contributions included above
$34,625
-
3 · Investment income
total $530,282 · excluded $530,282
-
7a · Gross sales of assets other than inventory
securities $1,980,753
-
7b · Less cost or other basis and sales expenses
securities $1,926,186
-
7c · Gain or loss
securities $54,567
-
7d · Net gain or loss
total $54,567 · excluded $54,567
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,119,708 · program services $1,119,708
-
11f · Fees: investment management
total $101,398 · management and general $101,398
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $174,435
-
11 · Investments: publicly traded securities
beginning of year $29,639,403 · end of year $33,342,565
-
12 · Investments: other securities
beginning of year $2,897,506 · end of year $2,739,500
-
25 · Other liabilities
beginning of year $91,683 · end of year $4,574
-
28 · Net assets with donor restrictions
beginning of year $32,445,226 · end of year $36,251,926
Mission and programs · 2024
Mission
THE PURPOSE OF CONCORDIA UNIVERSITY FOUNDATION IS TO ASSIST IN THE EDUCATIONAL AND RELIGIOUS ACTIVITIES OF CONCORDIA UNIVERSITY (AKA CONCORDIA UNIVERSITY CHICAGO)
Activities or mission (Part I)
THE PURPOSE OF THE FOUNDATION IS TO ASSIST IN THE ACTIVITIES OF CONCORDIA UNIVERSITY.
-
THIS AMOUNT REPRESENTS THE RELEASE OF FUNDS TO CONCORDIA UNIVERSITY TO PROVIDE FINANCIAL AID TO CONCORDIA UNIVERSITY STUDENTS, IN ACCORDANCE WITH THE STIPULATIONS OF DONORS.
Expenses $864,678 · Grants $864,678
-
THIS AMOUNT REPRESENTS THE RELEASE OF FUNDS TO CONCORDIA UNIVERSITY TO SUPPORT THE OPERATIONS OF ACADEMIC PROGRAMS, STUDENT SERVICES, AND ACADEMIC SUPPORT, IN ACCORDANCE WITH STIPULATIONS OF DONORS.
Expenses $137,992 · Grants $137,992
-
THIS AMOUNT REPRESENTS THE RELEASE OF FUNDS TO CONCORDIA UNIVERSITY TO SUPPORT OPERATIONS AND MAINTENANCE OF PLANT, AS WELL AS OTHER GENERAL INSTITUTIONAL SUPPORT, IN ACCORDANCE WITH STIPULATIONS OF DONORS.
Expenses $117,038 · Grants $117,038
As filed on the 2024 return.
Listed in Part VII
-
Russell DawnRUSSELL DAWN
COO
- Total calculated
- $435,975
- From this org
- $0
- From related orgs
- $283,485
- Other
- $152,490
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $0 + $283,485 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $30,881 related
- Nontaxable benefits
- $0 + $121,609 related
- Filer's total
- $0 + $435,975 related
-
Jeff HynesJEFF HYNES
PRESIDENT & CEO
- Total calculated
- $246,141
- From this org
- $0
- From related orgs
- $189,593
- Other
- $56,548
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $189,593 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $18,377 related
- Nontaxable benefits
- $0 + $38,171 related
- Filer's total
- $0 + $246,141 related
-
Randall BarfieldRANDALL BARFIELD
TREASURER & CFO - THRU 6/30/25
- Total calculated
- $234,933
- From this org
- $0
- From related orgs
- $215,418
- Other
- $19,515
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $0 + $215,418 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,480 related
- Nontaxable benefits
- $0 + $13,035 related
- Filer's total
- $0 + $234,933 related
-
Robert LibkaROBERT LIBKA
INTERIM CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea AndersonANDREA ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen DoeringKAREN DOERING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles KraftCHARLES KRAFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roger KruelROGER KRUEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melvin LuetkensMELVIN LUETKENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William StevensonWILLIAM STEVENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Audrey StinsonAUDREY STINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joel ZielkeJOEL ZIELKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- WHILE CONCORDIA UNIVERSITY FOUNDATION DOES NOT DIRECTLY COMPENSATE ANY INDVIDUALS, THREE OFFICERS ARE EMPLOYEES OF CONCORDIA UNIVERSITY, A RELATED PARTY. AS SUCH, THE COMPENSATION OF THESE INDIVIDUALS FALL UNDER CONCORDIA UNIVERSITY COMPENSATION REVIEW AND APPROVAL PROCESS, WHICH IS AS FOLLOWS: THERE ARE SEVERAL INDIVIDUALS WHO HAVE THEIR SALARIES RENEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF REGENTS. THESE INDIVIDUALS ARE THOSE WHO HAVE THE ABILITY TO AFFECT EMPLOYEES' COMPENSATION, CURRENTLY THE PRESIDENT'S CABINET AND THE DIRECTOR OF HUMAN RESOURCES. ANNUALLY, THE DIRECTOR OF HUMAN RESOURCES PROVIDES 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 ARE EITHER APPROVED OR REJECTED. THE APPROVAL OR REJECTION IS DOCUMENTED THROUGH A FORMAL BOARD RESOLUTION OF THE CONCORDIA UNIVERSITY BOARD OF REGENTS.
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
-
$1,119,708
SCHOLARSHIPS, GENERAL OPERATIONS, AND OTHER EXPENSES
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 · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621319349300612
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