Concordia University - Mequon, WI

The information on this page was last updated 3/20/2023. If you see errors or omissions, please email: [email protected]


Summary

Founded in 1881, Concordia University Wisconsin's main campus is located on 200 acres of beautiful Lake Michigan shoreline in Mequon, Wisconsin.


Contact information

Mailing address:
Concordia University
12800 N Lake Shore Dr.
Mequon, WI 53097

Website: cuw.edu

Phone: 262-243-5700

Email: [email protected]


Organization details

EIN: 390833608

CEO/President: Dr. Erik Angerberg

Chairman: Terry Donovan

Board size: 18

Founder:

Ruling year: 1941

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Concordia University's Core Values and Mission Statement express our enduring purpose and identity; our very reason for existence as a place of Lutheran Christian higher education. All of the Schools, programs and initiatives of the University are guided by shared fidelity to this central purpose.

Our vision is to be well known nationally and internationally as a premier Lutheran Christian university, widely recognized for meaningful integration of faith and learning. Our alumni will assume significant servant leadership responsibilities in the Church and communities across the nation and around the world.


Mission statement

Concordia University Wisconsin is a Lutheran higher education community committed to helping students develop in mind, body, and spirit for service to Christ in the Church and the world. Our vision is to be well known nationally and internationally as a premier Lutheran Christian university, widely recognized for meaningful integration of faith and learning. Our alumni will assume significant servant leadership responsibilities in the Church and communities across the nation and around the world.


Statement of faith

Concordia University is a university of The Lutheran Church-Missouri Synod and one of nine colleges and universities that together form the nation-wide Concordia University System. Our university educates students across a broad range of professional fields, and also offers professional church career education in the areas of Pre-Seminary studies, Lutheran teacher training, parish music, and church ministries leadership.

As a liberal arts university in the Lutheran tradition, CUW embraces a vibrant understanding of Lutheran vocation. In this, we believe that God has uniquely gifted each person to live a life of meaning that extends God's hands into the world. When we live out our callings, even when we do not realize it, God cares for all people.

In every Concordia classroom, on the playing fields and performance stages, in the residence halls, and even in our online learning, we strive to develop within each student the ideals of a Christian life. Within a Christian framework, students come to recognize that achieving their highest potential is remarkable not only for the betterment of self, but also for the good of others.

Donor confidence score

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating406 of 111353 of 130
Fund acquisition rating801 of 1114106 of 130
Resource allocation rating583 of 111468 of 130
Asset utilization rating46 of 11134 of 130

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%23%47%65%300%329%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%8%5%3%1%1%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%92%95%97%99%99%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%83%83%84%82%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%99%101%104%103%104%
Program output ratio Program output ratio =
Program services /
Total revenue
79%82%84%87%85%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%1%-1%-4%-3%-4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%-2%-5%-4%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%15%14%14%16%17%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.981.040.980.930.90
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.7010.499.2818.6520.6112.22
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.4510.329.6518.2719.0710.96
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.081.781.710.790.781.83
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.560.591.261.280.55
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.220.510.51-0.17-0.170.50
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
25%24%27%28%28%25%
Debt ratio Debt ratio =
Debt /
Total assets
11%13%16%16%17%18%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
148%78%70%74%78%84%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$7,096,196$10,312,820$2,081,634$2,957,963$8,697,283
Receivables, inventories, prepaids$7,964,967$7,362,536$6,983,019$5,619,151$5,857,213
Short-term investments$1,892,305$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$16,953,468$17,675,356$9,064,653$8,577,114$14,554,496
Long-term investments$0$0$0$1,512,499$1,367,446
Fixed assets$159,182,241$161,420,144$166,947,129$170,267,947$159,997,980
Other long-term assets$1,708,338($15,149,387)($6,947,000)($3,585,239)$1,876,951
Total long-term assets$160,890,579$146,270,757$160,000,129$168,195,207$163,242,377
Total assets$177,844,047$163,946,113$169,064,782$176,772,321$177,796,873
 
Liabilities20222021202020192018
Payables and accrued expenses$4,692,782$5,994,241$5,023,173$7,847,866$4,854,289
Other current liabilities$4,832,502$4,368,037$6,399,778$3,101,865$3,085,039
Total current liabilities$9,525,284$10,362,278$11,422,951$10,949,731$7,939,328
Debt$23,604,656$25,423,716$27,546,733$29,593,309$31,968,881
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,703,714$8,462,021$8,318,623$8,139,970$4,553,934
Total long-term liabilities$32,308,370$33,885,737$35,865,356$37,733,279$36,522,815
Total liabilities$41,833,654$44,248,015$47,288,307$48,683,010$44,462,143
 
Net assets20222021202020192018
Without donor restrictions$115,118,446$97,784,481$101,899,809$111,274,043$116,992,077
With donor restrictions$20,891,947$21,913,617$19,876,666$16,815,268$16,342,653
Net assets$136,010,393$119,698,098$121,776,475$128,089,311$133,334,730
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$14,851,085$7,940,782$4,865,337$1,045,167$902,677
Program service revenue$156,966,204$159,644,465$153,705,479$156,816,091$152,662,805
Membership dues$0$0$0$0$0
Investment income$4,731,519$914,135$674,730$122,297$79,189
Other revenue$17,517$16,696$8,305$364,896$162,818
Total other revenue$161,715,240$160,575,296$154,388,514$157,303,284$152,904,812
Total revenue$176,566,325$168,516,078$159,253,851$158,348,451$153,807,489
 
Expenses20222021202020192018
Program services$145,537,338$142,184,647$138,481,130$134,317,252$130,091,456
Management and general$25,880,874$24,656,269$23,920,490$26,137,400$26,455,165
Fundraising$3,461,804$3,746,039$3,165,067$3,139,218$2,972,739
Total expenses$174,880,016$170,586,955$165,566,687$163,593,870$159,519,360
 
Change in net assets20222021202020192018
Surplus (deficit)$1,686,309($2,070,877)($6,312,836)($5,245,419)($5,711,871)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,686,309($2,070,877)($6,312,836)($5,245,419)($5,711,871)

Compensation

NameTitleCompensation
William CarioInterim President$302,449
Allen ProchnowVP & COO$298,631
Dr Erik JorvigDean, School of Pharmacy$262,535
Dr Michael BrownPharmacy Professor$222,019
Dr Roy PetersonVP Advancement / CFO$217,210
Dr Daniel SemDean, School of Business$216,813
Dr Ernie StremskiPharmacy Professor$215,521
Thomas PhillipVice President$205,724
Dr Steven MontrealDean, Arts & Sciences$181,364

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/20/2023. To update the information below, please email: [email protected]


History

Concordia University Wisconsin is known for its breathtaking views of Lake Michigan, and in fact, many students will say the campus' location played a big role in their decision to enroll. But a large percentage of Concordia alumni living today-and even a few current faculty-will recall making a very different commute to school.

That's because Concordia's original campus was located in downtown Milwaukee on 31st Street, between State and Highland Streets. From the school's inception in 1881 to 1983, students who attended CUW (then called Concordia College) did so in the city. The inaugural class of Concordians, which was comprised of 13 students, met in the basement of Trinity Lutheran Church in downtown Milwaukee. The next year, the 31st Street property was purchased to start Concordia's first permanent campus.

For the next approximately eight decades, Concordia College offered high school and the first two years of a liberal arts college program, providing classical, technical, and religious instruction for students who desired to prepare themselves for the ministry of the Lutheran Church. In 1978, The Lutheran Church-Missouri Synod authorized Concordia to become a four-year accredited college that would provide instruction in teacher education, nursing, medical assistant, social work, and engineering.

In a farsighted move in 1982, the LCMS purchased the former campus of the School Sisters of Notre Dame in Mequon, Wisconsin, and the college was moved 15 minutes north of its original site.

On August 27, 1989, the Board of Regents approved the move to university status, and Concordia University Wisconsin became the first university among the 10-member Concordia University System.

In 2012, CUW entered into a strategic relationship with Concordia University in Ann Arbor. The university now consists of two residential campuses in Wisconsin and Ann Arbor, 8 centers located throughout Wisconsin, and online programs that reach students worldwide, with one president and governing body presiding over all.


Program accomplishments

71% of students say CUW has strongly impacted their spiritual formation.

100% pass rate on the National Physical Therapist Exam in 2020.

10% increase in graduation rates over the last five years.

96% of our graduates are employed full or part-time/advanced study within one year of graduation.

97% pass rate on the American Association of Nurse Practitioners exam in 2020.


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