Concordia University - Seward, NE

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/26/2020. To update the information in this column, please email: info@ministrywatch.com


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 rating445 of 85769 of 108
Fund acquisition rating492 of 85763 of 108
Resource allocation rating354 of 85749 of 108
Asset utilization rating469 of 85765 of 108

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%19%7%15%29%27%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%3%2%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
11%14%29%19%10%10%
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
89%86%71%81%90%90%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%86%86%86%86%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%95%80%92%100%92%
Program output ratio Program output ratio =
Program services /
Total revenue
82%82%69%78%86%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%5%20%8%0%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%3%16%7%0%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%11%11%11%11%14%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.450.480.530.570.51
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.882.802.252.763.213.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.691.261.081.471.821.56
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.974.9613.609.174.976.30
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.200.070.110.200.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.807.5810.327.285.276.47
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%25%24%31%33%32%
Debt ratio Debt ratio =
Debt /
Total assets
17%14%16%19%19%21%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%166%158%130%119%132%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,090,204$7,091,496$2,305,677$1,005,338$2,740,785
Receivables, inventories, prepaids$12,576,882$16,960,023$8,383,337$3,748,763$3,610,304
Short-term investments$34,467,499$33,092,658$30,909,087$27,665,123$27,783,676
Other current assets$0$0$0$0$0
Total current assets$48,134,585$57,144,177$41,598,101$32,419,224$34,134,765
Long-term investments$3,529,015$3,541,007$5,529,121$5,236,079$5,576,845
Fixed assets$76,550,384$61,110,373$61,120,304$60,145,780$57,194,188
Other long-term assets$6,779,336$6,626,509$6,474,320$6,298,700$6,702,160
Total long-term assets$86,858,735$71,277,889$73,123,745$71,680,559$69,473,193
Total assets$134,993,320$128,422,066$114,721,846$104,099,783$103,607,958
 
Liabilities20192018201720162015
Payables and accrued expenses$7,595,148$2,566,239$2,484,613$4,273,428$3,066,856
Other current liabilities$2,106,972$1,636,139$2,049,882$2,247,303$2,355,024
Total current liabilities$9,702,120$4,202,378$4,534,495$6,520,731$5,421,880
Debt$18,753,886$20,401,395$21,993,748$20,260,712$21,456,513
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,339,335$6,738,943$8,646,906$7,284,369$6,660,144
Total long-term liabilities$24,093,221$27,140,338$30,640,654$27,545,081$28,116,657
Total liabilities$33,795,341$31,342,716$35,175,149$34,065,812$33,538,537
 
Net assets20192018201720162015
Unrestricted$32,988,782$32,958,257$32,299,778$31,427,451$18,457,123
Temporarily restricted$34,438,706$32,184,287$16,474,014$9,170,088$22,591,532
Permanently restricted$33,770,491$31,936,806$30,772,905$29,436,432$29,020,766
Net assets$101,197,979$97,079,350$79,546,697$70,033,971$70,069,421
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$8,855,135$22,265,477$12,499,364$5,880,351$5,892,743
Program service revenue$54,424,109$54,207,719$53,906,959$52,881,854$46,984,445
Membership dues$0$0$0$0$0
Investment income$502,107$799,869$384,740$351,095$5,092,964
Other revenue$18,965$17,706$620($9,556)($23,073)
Total other revenue$54,945,181$55,025,294$54,292,319$53,223,393$52,054,336
Total revenue$63,800,316$77,290,771$66,791,683$59,103,744$57,947,079
 
Expenses20192018201720162015
Program services$52,454,358$53,195,437$52,348,066$50,840,317$44,470,272
Management and general$6,727,123$6,752,736$6,948,178$6,423,000$7,239,343
Fundraising$1,695,849$1,634,669$1,838,471$1,722,087$1,575,028
Total expenses$60,877,330$61,582,842$61,134,715$58,985,404$53,284,643
 
Change in net assets20192018201720162015
Surplus (deficit)$2,922,986$15,707,929$5,656,968$118,340$4,662,436
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,922,986$15,707,929$5,656,968$118,340$4,662,436

Compensation

NameTitleCompensation
Brian FriedrichPresident$331,990
David KummEx Vp, Cfo, COO$201,993
Tim PreussProvost$174,212
Kurth BrashearVP Inst Adv/General Counsel$164,085
Scott SeeversVP For Enrollment, Student Services$147,507
D Gene BrooksVP Student Affairs & Athletics$140,356
James David WoelmerRegent$6,290
Ryan BurgerRegent - Secretary$2,153

Compensation data as of: 6/30/2019


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 10/26/2020. To update the information below, please email: info@ministrywatch.com


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