2021-02-26T12:09:01-06:00 2020-05-31 363990892 Capin Crouse LLP 1000 Texan Trail STE 125 Grapevine TX 76051 990 2019-06-01 750808791 Hardin-Simmons University HARD 3256701000 2200 Hickory St Campus Box 16005 Abilene TX 79698 Jodie McGaughey VP for Finance 3256701000 2021-02-26 1 Ted R Batson Jr P00721951 8173286510 2019 2022-09-23 18:48:47Z Eric Bruntmyer 2200 Hickory St Campus Box 16005 Abilene TX 79698 148566462 0 X www.hsutx.edu X 1891 TX To be a community providing excellence in education enlightened by Christian faith and values. 36 36 1421 37 0 0 6783744 9029691 58806937 61619295 17780230 29583121 0 0 83370911 100232107 26114143 26808608 0 0 31546549 26031099 0 0 1390007 27060879 27750731 84721571 80590438 -1350660 19641669 304609367 298184307 57497668 50792433 247111699 247391874 The mission of Hardin-Simmons University is to be a community dedicated to providing excellence in education enlightened by Christian faith and values. 0 0 67726362 26808608 61619295 For more than 125 years, Hardin-Simmons University (HSU) has been providing excellence in education, enlightened by Christian faith and values. HSU's 200 acre campus provides a family-style community to more than 1,500 undergraduate students and over 500 graduate and doctoral students. Through its seven academic divisions, HSU offers more than 50 undergraduate majors and minors as well as 15 graduate degrees. Campus life includes opportunities for intellectual, social, cultural and spiritual development through service groups, academic clubs and intramural sports, as well as 18 varsity sports in NCAA Division III. 67726362 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 1 0 0 1 3007 0 1 1421 1 0 0 0 0 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jodie McGaughey 3256701000 2200 Hickory St Campus Box 16005 Abilene TX 79698 Eric Bruntmyer President 40.00 X 302857 0 113220 Christopher McNair Provost & Chief. Academic Officer 39.50 0.50 X 185354 0 61488 Michael Monhollon Asst. Provost & Chief Data Officer 40.00 X 148556 0 45530 Jodie McGaughey VP for Finance 40.00 X 167973 0 23513 Jennifer Eames Assoc. Prof. PA 40.00 X 133833 0 53152 Janelle O'Connell Dean, College of Hlth Professions & Prof, of PT 40.00 X 141900 0 23312 Mike Hammack VP for Inst. Adv. 40.00 X 110971 0 49982 Vicki House VP for Enroll 40.00 X 104213 0 54916 Donalyn Alexander Dean PHSSN & Professor of Nursing 40.00 X 135377 0 21256 Jesse Burleson Head Football Coach 40.00 X 126145 0 23695 Stacey Martin VP for Student Life 40.00 X 83146 0 31304 Mr Bryan Adams Trustee 1.00 X 0 0 0 Dr Kevin Beam Trustee 1.00 X 0 0 0 Mr Chad Braun Trustee 1.00 X 0 0 0 Mrs Martha Brooks Trustee 1.00 X 0 0 0 Dr Brad Butler Trustee 1.00 X 0 0 0 Mrs Linda Carter Trustee 1.00 X 0 0 0 Mr Jason Darby Trustee 1.00 X 0 0 0 Dr Richard Darden Trustee (Part Year) 1.00 X 0 0 0 Mr Jeremy Edmiston Trustee 1.00 X 0 0 0 Mr Bill Gibson Trustee 1.00 X 0 0 0 Dr Jimmy D Hunter Trustee 1.00 X 0 0 0 Mrs Louise Jones Trustee 1.00 X 0 0 0 Mrs Joy Jordan Trustee 1.00 X 0 0 0 Dr Jimmie Keeling Trustee 1.00 X 0 0 0 Mr Kyler Keeter Trustee 1.00 X 0 0 0 Mrs Peggy Manning Trustee 1.00 X 0 0 0 Mrs Amy McAdams Trustee 1.00 X 0 0 0 Mrs Joy Jordan Mergele Trustee 1.00 X 0 0 0 Mrs Laura Moore Trustee 1.00 X 0 0 0 Dr David Morgan Trustee 1.00 X 0 0 0 Dr Dan Munton Trustee 1.00 X 0 0 0 Dr George Newman Trustee 1.00 X 0 0 0 Mr Marcus Norris Trustee (Part Year) 1.00 X 0 0 0 Mr Filemon Ortiz Jr Trustee 1.00 X 0 0 0 Mrs Annette C Patterson Trustee (Part Year) 1.00 X 0 0 0 Mr Jerry Phillips Trustee 1.00 X 0 0 0 Mr Drue Pounds Trustee 1.00 X 0 0 0 Dr Jud Powell Trustee 1.00 X 0 0 0 Mr Ronnie Price Trustee 1.00 X 0 0 0 Mrs Daisy Dominguez Sanchez Trustee 1.00 X 0 0 0 Mrs Jamie Sanders Trustee 1.00 X 0 0 0 Mr Joe Sharp Trustee 1.00 X 0 0 0 Mr John Sieren Trustee (Part Year) 1.00 X 0 0 0 Mr Rick Strange Trustee 1.00 X 0 0 0 Mrs Melinda Stricklin Trustee 1.00 X 0 0 0 Mrs Jill Teague Trustee 1.00 X 0 0 0 Mrs Roxi Vanstory Trustee 1.00 X 0 0 0 Dr Michael Waters Trustee 1.00 X 0 0 0 Mrs Angie Wiley Trustee 1.00 X 0 0 0 Mr Darin Wood Trustee 1.00 X 0 0 0 1640325 0 501368 13 0 1 0 The Crown Group Inc 417 S 11th St Abilene TX 79602 Construction 8069478 Aramark Services Inc 2200 Hickory St Abilene TX 79601 Food Services 2604112 Trane US Inc 4200 N Sylvania Fort Worth TX 76137 HVAC Installation & Repairs 2338831 HighGround Advisors 1717 Main St Ste 1400 Dallas TX 752014622 Investment Management Fees 1367536 American Building 1 Village Dr Abilene TX 79601 Janitorial Services 1196223 38 525736 2795965 5707990 816643 9029691 Tuition and Fees 611310 52765716 52765716 Auxiliary Activities 611710 6808019 6808019 Other Program Revenue 611710 2045560 2045560 61619295 13194729 13194729 64722747 48334355 16388392 16388392 16388392 100232107 61619295 0 29583121 26808608 26808608 1315553 563672 576137 175744 36048 36048 19170853 15800797 2785197 584859 1073167 874646 165032 33489 3105485 2473694 531538 100253 1329993 1074031 208298 47664 147936 147936 76015 76015 1697554 1697554 61961 10185 51776 966489 87681 773646 105162 5261554 2409450 2619234 232870 1294973 120257 1174716 9342638 9100123 242515 987156 856216 72750 58190 1454923 1413032 41891 4559988 4198378 361610 Aramark Food Service 1899544 1899544 80590438 67726362 11474069 1390007 6495292 2314441 2521929 1218022 2132759 431172 1830385 2284284 1039950 338391 163861488 71379199 83040858 92482289 0 14444863 195366324 149764843 14733465 32354407 304609367 298184307 9343053 6640859 9347447 8110828 8032841 21895752 20728788 7500000 5470000 10648035 572498 57497668 50792433 X 81340351 102571294 165771348 144820580 247111699 247391874 304609367 298184307 X 19641669 -17129901 -1437494 -794099 X 0 1 X 1 1 1 X 12297897 7660532 9084060 9076362 9029691 47148542 12297897 7660532 9084060 9076362 9029691 47148542 47148542 10161131 11713818 10128239 10078610 13194729 55276527 102425069 250646566 0.46030 0.47470 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 1692540 X 0 171261406 49301441 -6928322 47952004 165682521 154624935 3867173 56742947 20527256 23446393 171261406 140858304 2700360 24144881 13078610 154624935 125240285 4341125 20886531 9609637 140858304 146169005 3087114 -9325261 14690573 125240285 0.36440 0.63560 1 1 1 7361461 7361461 124732690 70051365 54681325 27772189 909373 26862816 3995148 418461 3576687 92482289 Fixed Income 16142869 F Equities 24641716 F Real Estate 1969538 F Mineral Interests 10841230 F Highground Investments 86429808 F Enhanced Cash Fund 8967651 F Group Investment Fund - Oil 195952 F Community Foundation of Abilene 576079 F 149764843 Beneficial Interests in Trusts 10738297 Perpetual Trusts Held by Others 21616110 32354407 Deposits & Other Liabilities 572498 572498 54861268 -17129901 -701774 -17831675 72692943 1697554 25841610 27539164 100232107 53090909 39635 39635 53051274 1697554 25841610 27539164 80590438 Part III, Line 1a: The collection consists of rare books, Bible collections and artifacts used for educational purposes. Part V, Line 4: The earnings from the endowments provide funding for scholarships, faculty development and provide additional operating resources for various campus departments and activities. 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 5/31/2020. To date, Schedule D has 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 The prior year column was adjusted for a prior year adjustment and reclassification made in the University's audited financial statements. Part XI, Line 2d - Other Adjustments: Change in Value Perpetual Trusts -1,068,653. Change in Value Split Interest Agreements 274,554. Foundation Income 38,485. Music Foundation Income 53,840. Part XI, Line 4b - Other Adjustments: Scholarships 25,841,610. Part XII, Line 2d - Other Adjustments: Foundation Expenses 19,154. Music Foundation Expenses 20,481. Part XII, Line 4b - Other Adjustments: Scholarships 25,841,610. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 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). The organization has also updated its website homepage to include the nondiscriminatory policy. Schedule E, Part I, Line 6 Hardin-Simmons University receives scholarship grants from federal agencies and the state of Texas to assist students with their costs of education. HSU participates in the direct loan program which provides students federal subsidized loans to assist with their educational costs. Europe 0 0 Program Services Study Abroad Program 318534 0 0 0 0 0 0 318534 0 318534 0 0 0 0 0 0 Part III Accounting Method: X X X X X 1 Cargill Associates Inc 4701 Altamesa Blvd Fort Worth TX 76133 Campaign Consulting 0 0 44819 -44819 44819 -44819 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Sch. G, Part I, Line 2b, column (iv) The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. 1 Scholarships 1938 26808608 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 scholarships or grants are awarded directly to the recipients. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Eric Bruntmyer President 292892 0 0 0 9965 0 19302 0 96870 0 419029 0 0 0 Christopher McNair Provost & Chief. Academic Officer 180816 0 0 0 4538 0 11786 0 50942 0 248082 0 0 0 Michael Monhollon Asst. Provost & Chief Data Officer 147812 0 0 0 744 0 10545 0 36143 0 195244 0 0 0 Jodie McGaughey VP for Finance 167385 0 0 0 588 0 11126 0 13626 0 192725 0 0 0 Jennifer Eames Assoc. Prof. PA 133721 0 0 0 112 0 9237 0 45079 0 188149 0 0 0 Janelle O'Connell Dean, College of Hlth Professions & 141306 0 0 0 594 0 9385 0 15018 0 166303 0 0 0 Mike Hammack VP for Inst. Adv. 110108 0 0 0 863 0 7316 0 43667 0 161954 0 0 0 Vicki House VP for Enroll 101744 0 0 0 2469 0 6748 0 49094 0 160055 0 0 0 Donalyn Alexander Dean PHSSN & Professor of Nursing 134783 0 0 0 594 0 9073 0 13265 0 157715 0 0 0 Jesse Burleson Head Football Coach 126050 0 0 0 95 0 8369 0 16424 0 150938 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. The University provides social club dues as taxable compensation to the President, the Provost / Chief Academic Officer and the Vice President for Institutional Advancement. A Wallis Education Facilities Finance Corporation 760599530 2016-12-21 8908552 Refinance of 4/30/13 and 8/31/07 bonds 0 0 0 B Splendora Cultural Education Facilities Finance Corp 760664368 2020-03-05 6000000 Construction 0 0 0 A 8908552 60771 8847781 2018 1 0 1 1 B 6000000 61000 5939000 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Frost Bank 9.000000000000 1 0 0 0 1 B 0 0 1 0 1 1 Frost Bank 18.000000000000 1 0 0 0 1 A 1 B 1 Family members of Officers and Trustees 116530 Merit Scholarships Adrienne Morgan Family Member of Dr. David Morgan, Trustee 36048 Wages 0 X 3 216943 Market Value X 1 599700 Market Value 0 0 1 1 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Part I, Line 32b: HighGround Advisors markets and sells certain noncash contributions, including real estate property outside of Abilene and marketable securities. Form 990, Part VI, Section A, line 7a Per the Bylaws of the organization, the board of trustees consists of 36 members, with the majority of the trustees appointed by the Baptist General Convention of Texas. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an outside accounting firm and reviewed in detail by the University's controller, VP of Finance and Finance committee. The reviewed Form 990 is provided to the entire board of trustees prior to filing. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The officers of the board are responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest 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 Line 15a: The board of trustees evaluate and determine the compensation for the President of the University. Salary comparison information is provided to the trustees from sources such as the Council for Christian Colleges & Universities (CCCU), the Chronicle of Higher Education and a survey of other Texas Baptist colleges and universities. The deliberation and decision are documented in the board minutes. Line 15b: The board of trustees designates the responsibility of evaluating the Vice Presidents and setting their salary to the President. This includes officers and key employees. The President reviews the survey of other Texas Baptist colleges and universities and other comparability data to determine compensation and raises. The process is documented in the employee file. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available upon request. Form 990, Part XI, line 9: Change in Value Perpetual Trusts -1,068,653. Change in Value Split Interest Agreements 274,554. Hardin-Simmons Academic Foundation HSU Box 16100 Abilene TX 79698 756044322 Support HSU TX 501(c)(3) Line 12a, I Hardin-Simmons University 1 Hardin-Simmons Music Foundation HSU Box 16000 Abilene TX 79698 752356410 Support HSU Music TX 501(c)(3) Line 12a, I Hardin-Simmons University 1 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 Irrevocable trusts (4) Trust TX Hardin Simmons University 1 Charitable remainder unitrust (3) Trust TX Hardin Simmons University 1 Charitable lead unitrust (1) Trust TX Hardin Simmons University 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 HSU Academic Foundation L HSU Academic Foundation O HSU Music Foundation L HSU Music Foundation O