Concordia University Inc
90% goes to programs $34 to raise $100 Strong reserves
Concordia University Inc is a 501(c)(3) organization based in Mequon, Wisconsin, registered in 1941, with $174,173,472 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
12800 N Lake Shore Dr, Mequon, WI, 53097 EIN 39-0833608 Since 1941
Revenue (FY2023)
$174.2M
▲ 4.7% vs prior year
Education median: $200K
Expenses (FY2023)
$172.7M
Net assets
$143.8M
Employees
2,768
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating90% to programs · $34 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Concordia University Inc: 90% to programs · $34 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Concordia University Inc: 10 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Concordia University Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Concordia University Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
A lutheran education community committed to helping students develop in mind, body, and spirit.
What they do
Student financial aid programs: financial aid to students including scholarships, remitted tuition, and stipends for both undergraduate and graduate students.
Contact & location
- Address
- 12800 N Lake Shore Dr, Mequon, WI, 53097
- City
- Mequon
- State
- Wisconsin
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $149.4M (FY2014) to $174.2M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $43.2MNet assets $143.8M
Operating margin
0.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$186.9M
Total liabilities
$43.2M
Net assets
$143.8M
Salaries & benefits
$73.6M
43% of expenses
Board members
25
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $174,173,472▲4.7% | $172,685,715▲0.8% | $143,782,053▲9.6% | $186,943,435▲9.1% | 990 |
| 2022 | $166,294,839▼5.8% | $171,246,112▼2.1% | $131,197,287▼3.5% | $171,284,180▼3.7% | 990 |
| 2021 | $176,566,325▲4.8% | $174,880,016▲2.5% | $136,010,393▲13.6% | $177,844,047▲8.5% | 990 |
| 2020 | $168,516,078▲5.8% | $170,586,955▲3.0% | $119,698,098▼1.7% | $163,946,113▼3.0% | 990 |
| 2019 | $159,253,851▲3.5% | $165,566,687▲3.8% | $121,776,475▼8.7% | $169,064,782▼4.9% | 990 |
| 2017 | $153,807,489▲1.2% | $159,519,360▲3.3% | $133,334,730▼38.7% | $177,796,873▼32.2% | 990 |
| 2016 | $151,979,479▼2.3% | $154,378,127▲0.9% | $217,593,005▲4.5% | $262,381,268▲1.4% | 990 |
| 2015 | $155,507,533▲4.1% | $153,066,115▲5.3% | $208,160,657▲3.1% | $258,810,655▲5.1% | 990 |
| 2014 | $149,419,683 | $145,363,604▲45.2% | $201,885,411▲23.5% | $246,172,628▲26.7% | 990 |
| 2012 | — | $100,116,218▲10.9% | $163,498,378▲10.6% | $194,289,700▲8.8% | 990 |
| 2011 | — | $90,263,837▲10.8% | $147,882,509▲10.1% | $178,630,503▲9.3% | 990 |
| 2010 | — | $81,445,376▲12.9% | $134,279,520▲14.3% | $163,409,768▲10.3% | 990 |
| 2009 | — | $72,162,761 | $117,481,495 | $148,214,839 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michael Litman — $276,171 (0.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Litman | Faculty Comp Sci | 40 | $276,171 |
| Matthew Hurtienne | Dean Bsb/hsb | 40 | $253,432 |
| Erik Jorvig | Dean Sop | 40 | $239,123 |
| Gary Locklair | Faculty Comp Sci | 40 | $187,577 |
| Leah Dvorak | Avp Academics | 40 | $184,609 |
| Roy Peterson | Vp Finance /cfo | 40 | $145,008 |
| Erik Ankerberg | President (start 2/5/23) | 40 | $111,834 |
| William Cario | Interim President (thru 1/31/23) | 40 | $84,769 |
| Allen Prochnow | Coo | 24 | $71,333 |
| Christine Specht-palmert | Advisory | 1 | — |
| David Andersen | Board Member | 1 | — |
| David Lambert | Board Member | 1 | — |
| David Piehler | Board Member | 1 | — |
| James Riske | Board Member | 1 | — |
| Jennier Lynn Knox | Board Member | 1 | — |
| Jon Schumacher | Board Member | 1 | — |
| Lisa Senkbeil | Board Member | 1 | — |
| Nathan Wingfield | Board Member | 1 | — |
| Paula Harris | Board Member | 1 | — |
| Rev Allen Buss | Lcms Advisory | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bsn Sports LLC | Apparel | $500,569 |
| Mayer Helminiak Architects LLC | Construction | $361,265 |
| Midwest Fiber Network | Cabling Installation | $257,765 |
| Catcon LLC | Construction | $248,598 |
| Custom Communication Solutions LLC | It Equipment Installation | $165,219 |
Grants received · $2.3M total
53 grants to Concordia University Inc totaling $2.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Milwaukee Foundation Inc | Walter and june vollrath scholarship | 2024 | $25,000 |
| Thrivent Financial For Lutherans | General support | 2024 | $18,355 |
| American Heart Association Inc | Research | 2023 | $153,924 |
| The Medical College of Wisconsin Inc | Research subaward | 2023 | $38,867 |
| Greater Milwaukee Foundation Inc | Walter and june vollrath scholarship: concordia university wisconsin | 2023 | $20,000 |
| Thrivent Financial For Lutherans | General support | 2023 | $8,060 |
| The Medical College of Wisconsin Inc | Research subaward | 2022 | $102,800 |
| Bradley Impact Fund Inc | General charitable purposes | 2022 | $81,000 |
| Greater Milwaukee Foundation Inc | Scholarship with criteria | 2022 | $28,300 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $25,000 |
| The Blackbaud Giving Fund | General support | 2022 | $24,619 |
| National Collegiate Inventors & Innovators Alliance | Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, stem-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. | 2022 | $21,400 |
| Raymond James Charitable Endowment Fund | General support | 2022 | $20,000 |
| Johns Hopkins University | Sub-award | 2022 | $15,354 |
| Thrivent Financial For Lutherans | General support | 2022 | $11,570 |
Grants made · $211K in FY2022
1 grant totaling $211K in FY2022. All grants made by Concordia University Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Cuventures Inc | Support | $210,744 |
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Frequently asked questions
- Is Concordia University Inc a legitimate nonprofit?
- Yes. Concordia University Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-0833608, based in Mequon, Wisconsin. Donations are tax-deductible.
- What is Concordia University Inc's EIN?
- Concordia University Inc's Employer Identification Number (EIN) is 39-0833608.
- How much revenue does Concordia University Inc report?
- Concordia University Inc reported $174,173,472 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Concordia University Inc's spending goes to programs?
- Concordia University Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Concordia University Inc have?
- CharityIndex grades Concordia University Inc A, based on program efficiency and fundraising cost.
- How much does Concordia University Inc's highest-paid employee make?
- The highest reported compensation on Concordia University Inc's latest Form 990 is $276,171, paid to Michael Litman (Faculty Comp Sci).
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Data for Concordia University Inc (EIN 39-0833608) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.