Concordia University
Current Fiscal Year
Fiscal Year Start Date: July 1, 2024
Fiscal Year End Date: June 30, 2025
Projected Revenue: $93,400,000
Projected Expense: $93,400,000
Revenue vs. Expense ($)
Expense Breakdown: 2024 (%)
| Administration Expense | 2.0% |
| Program Expense | 80.9% |
| Fundraising Expense | 0.0% |
Expense Breakdown: 2023 (%)
| Administration Expense | 0.0% |
| Program Expense | 0.0% |
| Fundraising Expense | 0.0% |
Expense Breakdown: 2022 (%)
| Administration Expense | 13.9% |
| Program Expense | 86.1% |
| Fundraising Expense | 0.0% |
990 Tax Form Newest 990 Year opens each June
Prior Three Years Total Revenue and Expense Totals
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $113,792,746 | $109,637,816 | $113,099,257 |
| Total Expenses | $120,608,495 | $115,100,824 | $105,049,117 |
Prior Three Years Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | - | - | $4,633,548 |
| Government Contributions | $9,536,451 | - | $6,367,343 |
| Federal | - | - | - |
| State | - | - | - |
| Local | - | - | - |
| Unspecified | - | - | - |
| Individual Contributions | - | - | - |
| Indirect Public Support | - | - | - |
| Earned Revenue | $98,374,221 | $97,830,687 | $94,015,283 |
| Investment Income, Net of Losses | - | - | $271,946 |
| Membership Dues | - | - | - |
| Special Events | - | - | - |
| Revenue In-Kind | - | - | $7,732,800 |
| Other Revenue | $1,601,874 | - | $8,075,745 |
Prior Three Years Expense Allocations by Type
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $97,521,090 | - | $90,401,306 |
| Administration Expense | $2,424,253 | - | $14,647,811 |
| Fundraising Expense | $19,219 | - | - |
| Payments to Affiliates | - | - | - |
| Total Revenue/Total Expenses | 0.94 | 0.95 | 1.08 |
| Program Expense/Total Expenses | 81% | - | 86% |
| Fundraising Expense/Total Revenue | 0% | - | - |
Prior Three Years Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $254,177,426 | $269,302,868 | $219,619,567 |
| Current Assets | $30,992,490 | - | $75,360,244 |
| Long-Term Liabilities | $7,280,836 | - | - |
| Current Liabilities | $39,336,283 | - | $53,116,010 |
| Total Net Assets | $165,179,903 | $165,993,886 | $166,503,557 |
Short Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets/Current Liabilities | 0.79 | - | 1.42 |
Long Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Long Term Liabilities/Total Assets | 3% | - | - |
Endowment/Capital Campaigns
Endowment Value: $60,000,000
Spending Policy: annually reviewed by investment committee
Percentage: 4.0%
Are you currently in a Capital Campaign? Yes
Capital Campaign Purpose:
Forward in Faith - The Campaign for Concordia concluded on December 31, 2020. Its $85M goal was surpassed in January 2020 yet the university continued to raise resources for the construction of its stunning new Borland-Manske Center, scholarships, endowment, academic success and athletic facilities. Ultimately raising over $100M and with over 10,000 donors participating, the Forward in Faith Campaign was the most successful campaign in university history. To God be the Glory! Currently Vision 2025 is raising money to expand and enhance the CU Center for Worship & performing Arts and construct the Golden Eagle Athletics Complex which will include state of the art training and fitness centers on the Turtle Rick campus.
Campaign Goal: $45,000,000
Capital Campaign Start Date: January 1, 2021
Capital Campaign End Date: December 31, 2025
Capital Campaign Raised-to-Date Amount: $36,000,000
CONTACT
Concordia University
1530 Concordia West
Irvine, CA 92612
Phone: 949-214-3187