2022-02-24T12:35:31-06:00 2021-05-31 363990892 Capin Crouse LLP 5605 N MacArthur Blvd Suite 210 Irving TX 75038 990 2020-06-01 750800653 Howard Payne University HOWA 3256462502 1000 Fisk Street Brownwood TX 76801 Mike Rodgers CFO/VP for Finance 3256462502 2022-02-24 1 Mike Rodgers 999009999 Daren Daiga P01074795 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Dr Cory Hines 1000 Fisk Street Brownwood TX 76801 41089711 0 X www.hputx.edu X 1889 TX Howard Payne University is a Christ-centered academic community. 35 32 575 75 0 0 4438077 7798891 24107377 24036620 6087645 5113413 11500 9950 34644599 36958874 10956914 12185643 0 0 11355792 10936159 0 0 558795 10898077 10459068 33210783 33580870 1433816 3378004 99147320 107674814 4673555 3341948 94473765 104332866 X Howard Payne University (HPU) is a Christ-centered academic community dedicated to excellence by developing and equipping the whole person for intellectual inquiry, personal and professional integrity, and service to God and humanity. 0 0 18375104 12185643 20886803 Post-Secondary Education InstructionHoward Payne University offers a full array of undergraduate programs and five graduate programs in a traditional residential academic community. The university also offers selected undergraduate and graduate course work by electronic means and at extended learning centers in El Paso and New Braunfels. Students at HPU choose from more than 100 majors, minors and pre-professional programs in seven schools: Business, Christian Studies, Education, Humanities, Music and Fine Arts, Nursing, and Science and Mathematics. The Guy D. Newman Honors Academy challenges students with a multidisciplinary curriculum and exciting travel opportunities. 6328563 687998 Student ServicesHPU is committed to providing students with a wide range of opportunities for learning within and beyond the classroom. Student engagement in campus life is designed to help students grow in relationship to Christ, develop leadership skills, build relationships, participate in service to the campus and community, exhibit personal responsibility, and have fun.These services include admissions, athletics/intramurals, Baptist Student Ministry, Chapel, cheerleading, the Collegium (tutoring, academic testing, advising, career services and learning assistance), counseling and health services, HPU's Department of Public Safety, financial aid, the Food and Essentials Pantry, the library, mail services, new-student orientation, residence life, student activities, student conduct, student government, student organizations, the Wellness Center, and more. 2563735 2461819 Auxiliary EnterprisesHPU's auxiliary programs provide essential services to students. These programs include dining services (two on-campus dining locations and Stinger Bucks to use at off-campus restaurants) and several housing options. These on-campus facilities include one women's residence hall, two men's residence halls, a student apartment complex, and eight duplex apartments. 1032816 Provide academic support through library and various academic departments of the University. 1032816 28300218 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1391 0 1 575 1 0 0 0 0 0 0 0 0 0 0 0 0 X 35 32 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Mike Rodgers 3256498055 1000 Fisk Street Brownwood TX 76801 Deborah Cartwright Chairperson 1.00 X X 0 0 0 Ronnie D Andrews First Vice Chairperson 1.00 X X 0 0 0 Robert Morrison Second Vice Chairperson 1.00 X X 0 0 0 Marc Dingler Secretary 1.00 X X 0 0 0 Greg Bruner Trustee 1.00 X 0 0 0 Keith Clark Trustee 1.00 X 0 0 0 Rev LJ Clayton Trustee 1.00 X 0 0 0 Jane A Collette Trustee 1.00 X 0 0 0 Lance Currie Trustee 1.00 X 0 0 0 Gary Davis Trustee (Part Year) 1.00 X 0 0 0 Daniel Deviney Trustee 1.00 X 0 0 0 Steve Ellis Trustee 1.00 X 0 0 0 Dr Brent Grentzel Trustee 1.00 X 0 0 0 Dr W Wayne Grant Trustee 1.00 X 0 0 0 Dwayne Grooms Trustee (Part Year) 1.00 X 0 0 0 Sharon Guthrie Trustee 1.00 X 0 0 0 Gary Hopkins Trustee 1.00 X 0 0 0 Allan Hough Trustee 1.00 X 0 0 0 Jim Jones Trustee 1.00 X 0 0 0 Randy Lewallyn Trustee 1.00 X 0 0 0 Dr David Lowrie Trustee 1.00 X 0 0 0 Dr Ronny Marriott Trustee 1.00 X 0 0 0 Darrell Miles Trustee 1.00 X 0 0 0 Jake Montoya Trustee 1.00 X 0 0 0 Dr Bernardo Bernie Moraga Trustee 1.00 X 0 0 0 Matthew T Preston Trustee 1.00 X 0 0 0 Roy Robb Trustee (Part Year) 1.00 X 0 0 0 David Robnett Trustee 1.00 X 0 0 0 Daniel Sanchez Trustee 1.00 X 0 0 0 James Schmeltekopf Trustee 1.00 X 0 0 0 Carter Sharpe Trustee 1.00 X 0 0 0 Rev Candy Smith Trustee (Part Year) 1.00 X 0 0 0 Jonathan Jonny Snow Trustee 1.00 X 0 0 0 Rev Ray Still Trustee 1.00 X 0 0 0 Kenneth Stimson Trustee 1.00 X 0 0 0 Dr Bill Taylor Sr Trustee 1.00 X 0 0 0 Dr Leonard Underwood Trustee 1.00 X 0 0 0 Lee Wilson Trustee 1.00 X 0 0 0 Lesley C Wyse Trustee 1.00 X 0 0 0 Dr Cory Hines President 40.00 X 220191 0 84500 Mike Rodgers CFO/VP Finance & Admin 40.00 X 123741 0 17242 Billy Fishback Assistant VP for Business 40.00 X 117437 0 26419 Dr Dale Meinecke VP for Development 40.00 X 116735 0 19800 Dr Nina Ouimette Dean, School of Nursing 40.00 X 109816 0 22899 687920 0 170860 5 0 1 0 Sodexo Inc & Affiliates PO Box 538922 Atlanta GA 30353 Food Service 844882 HighGround Advisors 1717 Main St Ste 1400 Dallas TX 75201 Investment Services 668290 Waldrop Construction PO Box 1000 Brownwood TX 76804 Construction 335675 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Admissions Consulting 202499 Quorum Architects Inc 825 W Vickery Blvd Ste 100 Fort Worth TX 76104 Architecture Fees 165382 6 632728 4067816 3098347 64471 7798891 Tuition & Fees 611310 20886803 20886803 Auxiliary Enterprises 611710 2461819 2461819 Other Program Revenue 611710 687998 687998 24036620 4478104 4478104 9950 0 9950 9950 9950 4033057 733089 4011033 119804 22024 613285 635309 635309 36958874 24036620 0 5123363 12185643 12185643 462922 365533 97389 128945 109778 19167 8410511 6754325 1400961 255225 384763 291334 82812 10617 920525 692619 202831 25075 628493 504178 104177 20138 52000 52000 60451 60451 504112 504112 263854 220749 43105 165673 80792 79193 5688 350799 145560 156182 49057 555851 233933 287536 34382 2239785 2117959 121826 224775 198875 15827 10073 11435 6619 4816 1392148 1238535 153613 394619 13092 381527 Other operating expense 1346028 777939 552715 15374 Class/education expense 1212385 1135566 60209 16610 Food services 1103346 1103346 Rental/lease expense 460477 368046 92431 121330 121330 33580870 28300218 4721857 558795 4048835 5090929 3677108 5014982 384483 354212 576923 368382 370605 139756 59212844 29462500 29656853 29750344 31217735 38917184 28423999 27393776 670759 435588 106480 196121 13540 13540 99147320 107674814 1741785 1650630 1884557 914671 1047213 776647 4673555 3341948 X 24163854 25934591 70309911 78398275 94473765 104332866 99147320 107674814 X 3378004 2883933 3597164 X 0 1 X 1 1 1 X 3328880 2849657 3558228 4438077 7798891 21973733 3328880 2849657 3558228 4438077 7798891 21973733 160920 21812813 3711579 5204430 5023731 5990919 4488054 24418713 46392446 129729047 0.47020 0.40730 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 13540 X 0 34047996 697168 8201645 1817622 41129187 33309367 283153 2241054 1785578 34047996 33746882 1419235 549727 2406477 33309367 32056553 482908 2912037 1704616 33746882 30706712 320502 3706533 2677194 32056553 0.09496 0.90504 0 1 1 3443583 3443583 46372819 21758011 24614808 6344778 5801019 543759 3051664 1903470 1148194 29750344 Oil, gas, mineral rights and interests 8626102 F Perpetual trusts held by others 17704478 F Beneficial interest in trusts 1063196 F 27393776 Reserve for split-interest liability 47440 Funds held for loan programs 512308 Capital lease payable 216899 776647 31310605 2883933 3597164 6481097 24829508 504112 11625254 12129366 36958874 21451504 0 21451504 504112 11625254 12129366 33580870 Part III, Line 4: The University has a painting as well as a collection of books and memorabilia displayed for students and other campus visitors to see, and those items have an educational purpose. Part V, Line 4: The intended use of endowment funds is to provide a permanent revenue stream for scholarships and academic programs. Part XI, Line 2d - Other Adjustments: Change in value of perpetual trusts 3,380,722. Change in value of split interest agreements 216,442. Part XI, Line 4b - Other Adjustments: Student financial assistance 11,625,254. Part XII, Line 4b - Other Adjustments: Student financial assistance 11,625,254. Sch. D, Part V, Lines 2a-2c In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/21. The 2020 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All solicitations for students contain a statement of the University's racially nondiscriminatory policy, as does the student handbook available on the University's website. The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6 The school participates in the Perkins Loan program, funded by the Federal Government. During the fiscal year, the University received Higher Education Emergency Relief Funds (HEERF) in the amount of $560,389. The full amount was distributed as emergency financial aid grants directly to eligible students. In April 2020, the University applied for and received a Payroll Protection Program (PPP) loan in the amount of $1,907,500, which would be fully forgiven if the University incurred qualifying expenditures for payroll and other operating costs. As of May 31, 2020, the University qualified for forgiveness of the loan in the amount of $1,390,916, which is included in federal grants with donor restrictions on the statements of activities. As of May 31, 2021, the University incurred qualifying expenses and other operating costs of $516,584 and received official forgiveness of the full amount of the PPP loan from the SBA in April 2021. 1 Scholarships - higher education 811 11625254 HEERF Grants 791 560389 Part I, Line 2: For all scholarship funds, student financial services has established specific criteria in regards to eligibility and selection. The eligibility requirements of the students are documented and monitored for compliance. The actual scholarships are credited to the student's tuition bills. No cash changes hands. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Cory Hines President 200721 0 0 0 19470 0 10450 0 74050 0 304691 0 0 0 Part I, Line 1a Housing Allowance & Personal Services: As a condition of employment, and as a convenience to the University, the President is provided a home on University grounds. The University also provides grounds care and housekeeping for the home since the President hosts functions for the University at his home. The home is provided as a nontaxable benefit to the President. Membership to a social club is provided to the President to cultivate and build donor relationships. This is a bona fide business expense treated as a nontaxable benefit to the President. The board of trustees expect the President and his wife to represent the University together, and her presence protects the President from allegations of unethical and unscriptural behavior. As a result, the board deems this a bona fide business expense and this is treated as nontaxable compensation. 67087 Merit scholarship Financial aid Kylah Clark Goff Family Member of Keith Clark, Trustee 65318 Wages 0 Jill Underwood Family Member of Leonard Underwood, Trustee 38860 Wages 0 Kalie Lowrie Family Member of David Lowrie, Trustee 19167 Wages 0 X 1 64471 Market Value 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee shall have all power and authority of the board, except as restricted by the bylaws. The Executive Committee consists of the President as an ex-officio member, the Chairperson, the two Vice Chairpersons, Secretary of the board, the Chairperson of each standing committee, and seven other board members. All business conducted by the Executive Committee is reported in full at the next regular board meeting. Form 990, Part VI, Section A, line 4 The organization's bylaws have been amended to include the organization's mission statement, approved by the board of trustees in 2010, and the organization's vision statement and core values, approved by the board of trustees in 2016. Form 990, Part VI, Section A, line 7a The Baptist General Convention of Texas (BGCT), a related organization, nominates half plus one of the total trustees to the board. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the CFO before it is provided to the board's finance committee. A full copy of the 990 is shared with the board prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The University maintains a board-adopted conflict of interest policy. Trustees and officers are required to annually disclose potential conflicts of interest. The University monitors and enforces compliance with the policy by publishing it on the employee intranet, limiting business dealings with related parties, and discouraging activities that might be perceived as a conflict of interest. The University business office and CFO are charged with monitoring and enforcing compliance with the policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The compensation for the University's President is recommended by a special committee consisting of independent members of the board of trustees. Years of experience, performance, and the review of comparative data of similiar universities are taken into consideration when determining the President's compensation. The board deliberates regarding the President's compensation in executive session, and this is recorded in the minutes. Compensation for other officers is established by the President, based on years of experience, performance, and comparable data of like positions in similar universities. Decisions are documented in the human resources files. Form 990, Part VI, Section C, line 19 The University's primary governing documents are on file with the Texas Secretary of State and are publicly available. The conflict of interest policy and financial statements are made available in accordance with applicable law. Form 990, Part XI, line 9: Change in value of perpetual trusts 3,380,722. Change in value of split interest agreements 216,442. Baptist General Convention of Texas 7557 Rambler Rd Ste 1200 Dallas TX 75231 756044885 Convention of churches TX 501(c)(3) Line 1 N/A 0 HighGround Advisors 1717 Main St Ste 1400 Dallas TX 752014622 750891441 Investment management TX 501(c)(3) Line 7 Baptist General Convention of Texas 0 Charitable remainder unitrusts (10) Hold assets & remit income to the University TX Howard Payne University 1 Charitable gift annuities (7) Hold assets & remit income to the university TX Howard Payne University 1 Charitable remainder annuity trust (1) Hold assets & remit income to the university TX Howard Payne University 1 Revocable charitable remainder unitrust (1) Hold assets & remit income to the university TX Howard Payne University 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0