Concordia University - Seward, NE

Summary

Concordia University, Nebraska is an excellent academic and Christ-centered community equipping men and women for lives of learning, service and leadership in the church and world. We use our Lutheran tradition to help students strengthen their own Christian identity and gain the practical experience they need to successfully learn, serve and lead in the church and world. Our campus is located in Seward, which has a population of 7,200 and is located 25 minutes west of Lincoln.


Contact information

Mailing address:
Concordia University
800 N. Columbia Ave.
Seward, NE 68434

Website: cune.edu

Phone: 800-535-5494

Email: info@cune.edu


Organization details

EIN: 470378777

CEO/President: Russell Sommerfeld

Chairman:

Board size: 18

Founder:

Year founded: 1941

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

To keep up with our growing university, we update our vision statement every five years. The current vision theme is EXCEL 2025. Concordia University will EXCEL by delivering a distinctive Lutheran education that increasingly engages and influences the world.


Mission statement

Concordia University, Nebraska is an excellent academic and Christ-centered community equipping men and women for lives of learning, service and leadership in the church and 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 rating107 of 66014 of 86
Fund acquisition rating3 of 6623 of 86
Resource allocation rating268 of 66243 of 86
Asset utilization rating315 of 66047 of 86

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%7%15%29%27%24%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%3%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
9%29%19%10%10%13%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%3%3%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
91%71%81%90%90%87%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%86%86%86%83%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%80%92%100%92%96%
Program output ratio Program output ratio =
Program services /
Total revenue
81%69%78%86%77%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%20%8%0%8%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%16%7%0%7%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%11%11%11%14%13%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.480.530.570.510.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.962.252.763.213.043.10
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.621.081.471.821.561.41
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.3313.609.174.976.304.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.070.110.200.160.22
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0010.327.285.276.476.69
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%24%31%33%32%32%
Debt ratio Debt ratio =
Debt /
Total assets
17%16%19%19%21%22%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%158%130%119%132%150%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$7,091,496$2,305,677$1,005,338$2,740,785$1,145,070
Receivables, inventories, prepaids$16,960,023$8,383,337$3,748,763$3,610,304$2,959,838
Short-term investments$33,092,658$30,909,087$27,665,123$27,783,676$28,668,548
Other current assets$0$0$0$0$0
Total current assets$57,144,177$41,598,101$32,419,224$34,134,765$32,773,456
Long-term investments$3,541,007$5,529,121$5,236,079$5,576,845$4,225,300
Fixed assets$61,110,373$61,120,304$60,145,780$57,194,188$55,796,074
Other long-term assets$6,626,509$6,474,320$6,298,700$6,702,160$8,853,944
Total long-term assets$71,277,889$73,123,745$71,680,559$69,473,193$68,875,318
Total assets$128,422,066$114,721,846$104,099,783$103,607,958$101,648,774
 
Liabilities20182017201620152014
Payables and accrued expenses$2,566,239$2,484,613$4,273,428$3,066,856$5,111,537
Other current liabilities$1,636,139$2,049,882$2,247,303$2,355,024$1,960,386
Total current liabilities$4,202,378$4,534,495$6,520,731$5,421,880$7,071,923
Debt$20,401,395$21,993,748$20,260,712$21,456,513$22,409,580
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$6,738,943$8,646,906$7,284,369$6,660,144$2,795,323
Total long-term liabilities$27,140,338$30,640,654$27,545,081$28,116,657$25,204,903
Total liabilities$31,342,716$35,175,149$34,065,812$33,538,537$32,276,826
 
Net assets20182017201620152014
Unrestricted$32,958,257$32,299,778$31,427,451$18,457,123$17,843,317
Temporarily restricted$32,184,287$16,474,014$9,170,088$22,591,532$23,160,468
Permanently restricted$31,936,806$30,772,905$29,436,432$29,020,766$28,368,163
Net assets$97,079,350$79,546,697$70,033,971$70,069,421$69,371,948
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$22,265,477$12,499,364$5,880,351$5,892,743$6,115,001
Program service revenue$54,207,719$53,906,959$52,881,854$46,984,445$40,604,074
Membership dues$0$0$0$0$0
Investment income$799,869$384,740$351,095$5,092,964$1,236,834
Other revenue$17,706$620($9,556)($23,073)($4,574)
Total other revenue$55,025,294$54,292,319$53,223,393$52,054,336$41,836,334
Total revenue$77,290,771$66,791,683$59,103,744$57,947,079$47,951,335
 
Expenses20182017201620152014
Program services$53,195,437$52,348,066$50,840,317$44,470,272$38,445,735
Management and general$6,752,736$6,948,178$6,423,000$7,239,343$6,224,839
Fundraising$1,634,669$1,838,471$1,722,087$1,575,028$1,439,489
Total expenses$61,582,842$61,134,715$58,985,404$53,284,643$46,110,063
 
Change in net assets20182017201620152014
Surplus (deficit)$15,707,929$5,656,968$118,340$4,662,436$1,841,272
Other changes in net assets$0$0$0$0$0
Total change in net assets$15,707,929$5,656,968$118,340$4,662,436$1,841,272

Response from ministry

No response has been provided by this ministry.


History

Concordia University, Nebraska has been equipping students for service in God's church and world since the doors opened on Nov. 18, 1894 with one professor, 13 male students and a three-year high school curriculum. More than 125 years later, Concordia has grown into a fully accredited, coeducational university offering more than 100 programs and has granted degrees to tens of thousands of students.

We officially became Concordia University, Nebraska in 1998. In the 104 years prior, we were known by a multitude of different official and non-official names.

From 1974-1998, we were Concordia College.

From 1924-1974, we were Concordia Teachers College, initials that can still be found around campus, and the Concordia Teachers College name is inscribed in the front of Weller Hall.

The cornerstone on Founders Hall bears the initials E.L.S.L.S., short for Evangelische Lutherische Schullehrer Seminar, apparently the first name given to Concordia in 1894 by our German-speaking founders. Translated into English, the name was Evangelical Lutheran School Teachers Seminary. However, the school's early leaders didn't worry much about settling on a consistent name.

Dr. Jerry Pfabe, emeritus history professor and the university's archivist, has found references to a dozen official and unofficial names. Several of those names cropped up in the first few decades: Zweites Schullehrer Seminar zu Seward, Nebraska (The second school teachers' seminary): The school's only purpose in the early years was to train teachers for Lutheran Church-Missouri Synod (LCMS) parochial schools. The LCMS started its first teachers' seminary in Indiana and later moved it to Illinois.

Seward College: This was an unofficial name that appeared on baseball uniforms. No one knows for sure when Concordians first started playing organized sports, but they were believed to have adopted the Bulldog mascot in honor of Coach Walter Hellwege's pet bulldog, who accompanied him to games in the 1920s.

German College: This was an unofficial-sometimes derogatory-name used by Seward County residents to describe the college.

Lutheran Normal School: "Normal school" training was the term for teacher education programs in the early part of the century. Concordia began offering bachelor's degrees in 1939, but in many states teachers were not required to have bachelor's degrees for several more years.

Look long enough and you may still find the initials CTC stamped on objects around campus. Concordia Teachers College was the school's official name for more than 50 years. The "Teachers" was gradually dropped from recruitment materials as the curriculum expanded to include DCE and pre-seminary programs, followed by a host of liberal arts majors in the 1970s and 1980s. We were officially known as Concordia College from 1974-1998.

Although Concordia still operates as part of the LCMS, we recruit students from many Christian denominations.


Program accomplishments


Needs