Concordia University - Mequon, WI

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 Drive
Mequon, WI 53097

Website: cuw.edu

Phone: 262-243-5700

Email: admissions@cuw.edu


Organization details

EIN: 390833608

CEO/President: Rev. Patrick T. Ferry

Chairman: Richard F. Laabs

Board size: 16

Founder:

Year founded: 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.


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

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating343 of 66057 of 86
Fund acquisition rating576 of 66282 of 86
Resource allocation rating415 of 66260 of 86
Asset utilization rating30 of 6603 of 86

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%329%225%209%142%197%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
9%1%1%1%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
91%99%99%99%99%99%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%82%81%81%80%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%104%102%98%97%99%
Program output ratio Program output ratio =
Program services /
Total revenue
81%85%82%80%78%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-4%-2%2%3%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-4%-1%1%2%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%17%17%17%18%17%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.900.590.590.590.56
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.9612.223.864.293.953.80
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.6210.962.272.532.332.12
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.331.839.865.706.387.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.550.100.180.160.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.000.504.753.904.344.86
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%25%17%20%18%21%
Debt ratio Debt ratio =
Debt /
Total assets
17%18%13%14%13%14%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%84%141%136%139%141%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$8,697,283$7,301,201$7,369,235$7,149,415$7,542,758
Receivables, inventories, prepaids$5,857,213$4,891,934$5,523,111$5,539,126$5,383,521
Short-term investments$0$55,759,548$47,494,367$49,653,358$49,003,287
Other current assets$0$0$0$0$0
Total current assets$14,554,496$67,952,683$60,386,713$62,341,899$61,929,566
Long-term investments$1,367,446$28,929,077$30,796,995$34,548,538$25,356,143
Fixed assets$159,997,980$163,311,109$165,488,784$147,105,074$143,410,756
Other long-term assets$1,876,951$2,188,399$2,138,163$2,177,117$4,367,295
Total long-term assets$163,242,377$194,428,585$198,423,942$183,830,729$173,134,194
Total assets$177,796,873$262,381,268$258,810,655$246,172,628$235,063,760
 
Liabilities20182017201620152014
Payables and accrued expenses$4,854,289$3,673,860$7,420,091$6,763,647$6,012,631
Other current liabilities$3,085,039$3,218,244$3,168,269$3,002,418$2,618,574
Total current liabilities$7,939,328$6,892,104$10,588,360$9,766,065$8,631,205
Debt$31,968,881$34,018,547$36,005,761$31,010,453$33,803,396
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$4,553,934$3,877,612$4,055,877$3,510,699$6,925,791
Total long-term liabilities$36,522,815$37,896,159$40,061,638$34,521,152$40,729,187
Total liabilities$44,462,143$44,788,263$50,649,998$44,287,217$49,360,392
 
Net assets20182017201620152014
Unrestricted$116,992,077$72,548,458$76,717,548$75,866,313$75,236,221
Temporarily restricted$15,818,620$131,355,614$114,505,806$109,117,744$91,753,164
Permanently restricted$524,033$13,688,933$16,937,303$16,901,354$18,713,983
Net assets$133,334,730$217,593,005$208,160,657$201,885,411$185,703,368
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$902,677$1,269,056$1,399,316$1,972,064$1,269,577
Program service revenue$152,662,805$150,373,221$154,066,883$146,729,228$131,711,080
Membership dues$0$0$0$0$0
Investment income$79,189$112,093$28,026$33,851$80,873
Other revenue$162,818$225,109$13,308$684,540$445,930
Total other revenue$152,904,812$150,710,423$154,108,217$147,447,619$132,237,883
Total revenue$153,807,489$151,979,479$155,507,533$149,419,683$133,507,460
 
Expenses20182017201620152014
Program services$130,091,456$125,125,401$124,025,205$116,647,986$106,754,906
Management and general$26,455,165$26,394,259$26,123,292$25,918,182$22,269,201
Fundraising$2,972,739$2,858,467$2,917,618$2,797,436$2,506,971
Total expenses$159,519,360$154,378,127$153,066,115$145,363,604$131,531,078
 
Change in net assets20182017201620152014
Surplus (deficit)($5,711,871)($2,398,648)$2,441,418$4,056,079$1,976,382
Other changes in net assets$0$0$0$0$0
Total change in net assets($5,711,871)($2,398,648)$2,441,418$4,056,079$1,976,382

Response from ministry

No response has been provided by this ministry.


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


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