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      <Form990PartVIISectionAGrp>
        <PersonNm>Sid Strebeck</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Anthony Williams</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Steve Wilson</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Lynn Yearwood</PersonNm>
        <TitleTxt>1st Vice Chair</TitleTxt>
        <AverageHoursPerWeekRt>5.00</AverageHoursPerWeekRt>
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        <OfficerInd>X</OfficerInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Hope Harmon</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Doc Arnold</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Paul Fabrizio</PersonNm>
        <TitleTxt>VP Acad Affairs</TitleTxt>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Lisa Love Williams</PersonNm>
        <TitleTxt>VP Fin Affairs</TitleTxt>
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        <OtherCompensationAmt>13005</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Brad Poorman</PersonNm>
        <TitleTxt>VP Info Sup Srv</TitleTxt>
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        <OtherCompensationAmt>4049</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Vanessa Bryan-Roberts</PersonNm>
        <TitleTxt>Dean of Student</TitleTxt>
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        <OfficerInd>X</OfficerInd>
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        <OtherCompensationAmt>7429</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Sam Ferguson</PersonNm>
        <TitleTxt>Athletics Dir</TitleTxt>
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        <OtherCompensationAmt>8507</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>David Heringer</PersonNm>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Debra Hulse-Bowles</PersonNm>
        <TitleTxt>VP Instit Adv</TitleTxt>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>James Hunt</PersonNm>
        <TitleTxt>VP Acad Affairs</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <IndivRcvdGreaterThan100KCnt>5</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>true</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
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          <BusinessName>
            <BusinessNameLine1Txt>Crowe Group</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>PO Box 3422</AddressLine1Txt>
            <CityNm>Abilene</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79604</ZIPCd>
          </USAddress>
        </ContractorAddress>
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      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>Hardin-Simmons University</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>HSU Box 16020</AddressLine1Txt>
            <CityNm>Abilene</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79698</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Nursing Tuition</ServicesDesc>
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      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>Aramark Services Inc</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>MCM Box 665</AddressLine1Txt>
            <CityNm>Abilene</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79697</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Food Services</ServicesDesc>
        <CompensationAmt>933197</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>McMurry Residence Partnership</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>McM Box 627</AddressLine1Txt>
            <CityNm>Abilene</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79697</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Housing</ServicesDesc>
        <CompensationAmt>846391</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>Texas Book Company</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>MCM Box 717</AddressLine1Txt>
            <CityNm>Abilene</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79697</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Books &amp; Supplies</ServicesDesc>
        <CompensationAmt>388382</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>12</CntrctRcvdGreaterThan100KCnt>
      <GovernmentGrantsAmt>249993</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>4228361</AllOtherContributionsAmt>
      <NoncashContributionsAmt>250669</NoncashContributionsAmt>
      <TotalContributionsAmt>4478354</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>Tuition and Fees</Desc>
        <BusinessCd>611600</BusinessCd>
        <TotalRevenueColumnAmt>21911982</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>21911982</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Auxiliary Enterprises</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>2063419</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>2063419</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Other Revenues</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>912907</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>912907</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>Athletic Events</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>195078</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>195078</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Bookstore</Desc>
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        <TotalRevenueColumnAmt>2342</TotalRevenueColumnAmt>
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        <TotalRevenueColumnAmt>1780855</TotalRevenueColumnAmt>
        <ExclusionAmt>1780855</ExclusionAmt>
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      <IncmFromInvestBondProceedsGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </IncmFromInvestBondProceedsGrp>
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        <ExclusionAmt>475386</ExclusionAmt>
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      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetRentalIncomeOrLossGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>1188685</SecuritiesAmt>
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      <GainOrLossGrp>
        <SecuritiesAmt>8660</SecuritiesAmt>
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      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>8147</TotalRevenueColumnAmt>
        <ExclusionAmt>8147</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetIncmFromFundraisingEvtGrp>
      <NetIncomeFromGamingGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetIncomeFromGamingGrp>
      <NetIncomeOrLossGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetIncomeOrLossGrp>
      <OtherRevenueTotalAmt>0</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>31828470</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>25085728</RelatedOrExemptFuncIncomeAmt>
        <ExclusionAmt>2264388</ExclusionAmt>
      </TotalRevenueGrp>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>0</TotalAmt>
      </GrantsToDomesticOrgsGrp>
      <GrantsToDomesticIndividualsGrp>
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        <ProgramServicesAmt>9406117</ProgramServicesAmt>
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      </ForeignGrantsGrp>
      <BenefitsToMembersGrp>
        <TotalAmt>0</TotalAmt>
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      <CompCurrentOfcrDirectorsGrp>
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        <ManagementAndGeneralAmt>1050590</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>8959500</ProgramServicesAmt>
        <ManagementAndGeneralAmt>651000</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>606424</ProgramServicesAmt>
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        <ProgramServicesAmt>1518506</ProgramServicesAmt>
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        <ProgramServicesAmt>630761</ProgramServicesAmt>
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      </PayrollTaxesGrp>
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        <ManagementAndGeneralAmt>235671</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>42400</ManagementAndGeneralAmt>
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      </FeesForServicesLobbyingGrp>
      <FeesForServicesProfFundraising>
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        <ProgramServicesAmt>5388741</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1430845</ManagementAndGeneralAmt>
        <FundraisingAmt>211339</FundraisingAmt>
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      <OtherExpensesGrp>
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        <ProgramServicesAmt>335055</ProgramServicesAmt>
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      <OtherExpensesGrp>
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        <ManagementAndGeneralAmt>77403</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>53774</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1977</ManagementAndGeneralAmt>
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      <AllOtherExpensesGrp>
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        <ProgramServicesAmt>13826</ProgramServicesAmt>
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        <ProgramServicesAmt>30337583</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3975543</ManagementAndGeneralAmt>
        <FundraisingAmt>211339</FundraisingAmt>
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        <EOYAmt>3066532</EOYAmt>
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        <EOYAmt>828905</EOYAmt>
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        <EOYAmt>2034845</EOYAmt>
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      <InventoriesForSaleOrUseGrp>
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        <EOYAmt>11010</EOYAmt>
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        <EOYAmt>695121</EOYAmt>
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        <EOYAmt>32899765</EOYAmt>
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      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>126215</OtherCostOrOtherBasisAmt>
        <BookValueAmt>126215</BookValueAmt>
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      <TotalBookValueSecuritiesAmt>50122276</TotalBookValueSecuritiesAmt>
      <OtherAssetsOrgGrp>
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      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>29193577</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
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      <OtherLiabilitiesOrgGrp>
        <Desc>Due to Federal Government</Desc>
        <Amt>1102364</Amt>
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      <RevenueSubtotalAmt>22625020</RevenueSubtotalAmt>
      <OtherRevenuesNotIncludedAmt>9203450</OtherRevenuesNotIncludedAmt>
      <RevenueNotReportedFinclStmtAmt>9203450</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>31828470</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>25321015</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>25321015</ExpensesSubtotalAmt>
      <OtherExpensesNotIncludedAmt>9203450</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>9203450</ExpensesNotRptFinclStmtAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part V, Line 4: Intended uses of the endowment fund.</FormAndLineReferenceDesc>
        <ExplanationTxt>The endowed funds are used to support the educational programs provided by the university and to provide scholarships to current and future students of the university.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S</FormAndLineReferenceDesc>
        <ExplanationTxt>Discounts $7953951 Funded Scholarships $1249499</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S</FormAndLineReferenceDesc>
        <ExplanationTxt>Discounts $7953951 Funded Scholarships $1249499</ExplanationTxt>
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        <FormAndLineReferenceDesc>Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency</FormAndLineReferenceDesc>
        <ExplanationTxt>Explanation of government financial aid: The university receives support through the department of education that is used for student financial assistance.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</FormAndLineReferenceDesc>
        <ExplanationTxt>The university publishes its nondiscriminatory policy in the university catalog.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Line 4 - Explanation of Records and Materials Not Maintained</FormAndLineReferenceDesc>
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      <SupplementalInformationDetail>
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        <FormAndLineReferenceDesc>Grantmaker's Description of How Grants are Used</FormAndLineReferenceDesc>
        <ExplanationTxt>Scholarships are provided to students based on specific criteria established by student financial services in regards to eligibility, student selection and requirements of the scholarship. Each scholarship recipient will be monitored by the University to confirm that they have satisfied all scholarship requirements. The actual scholarships are credited to the students tuition bills. No scholarships are awarded directly to the student.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part I, Line 1a: Relevant information in regards to selections on 1a.</FormAndLineReferenceDesc>
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        <FormAndLineReferenceDesc>Part I, Line 1b: Reason for not following policy regarding payment provisions for expenses</FormAndLineReferenceDesc>
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      <OtherNonCashContriTableGrp>
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        <MethodOfDeterminingRevenuesTxt>Cost</MethodOfDeterminingRevenuesTxt>
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        <ExplanationTxt>Management will present a copy of the Form 990 to the board for discussion, review, and approval prior to filing.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</FormAndLineReferenceDesc>
        <ExplanationTxt>The conflict of interest policy is reviewed annually during the October board meeting. All trustees are required to be familiar with the policy and disclose any possible conflict of interest to the entire board at the earliest practical time. The trustee shall absent themselves from discussions of and abstain from voting on matters in which they may have a possible conflict of interest.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 15a: Compensation Review &amp; Approval Process - CEO, Top Management</FormAndLineReferenceDesc>
        <ExplanationTxt>The board of trustees used comparative pay data when setting the compensation of the officers of the University when hired. After the officers are hired, increases to their pay are determined based on the University's budget and the percentage increase paid other University employees.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</FormAndLineReferenceDesc>
        <ExplanationTxt>The board of trustees used comparative pay data when setting the compensation of the officers of the University when hired. After the officers are hired, increases to their pay are determined based on the University's budget and the percentage increase paid other University employees.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</FormAndLineReferenceDesc>
        <ExplanationTxt>The University will make available to any student, faculty member, alumni, or other interested person a copy of the University's governing documents, conflict of interest policy, and financial statements. These documents are available for viewing at the University's campus in Abilene, TX.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other Changes In Net Assets Or Fund Balances - Other Increases</FormAndLineReferenceDesc>
        <ExplanationTxt>Change in Split Interest Agreement = $223308</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Postretirement benefit changes = $4952802</ExplanationTxt>
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        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C Corp</EntityTypeTxt>
        <ShareOfTotalIncomeAmt>132461</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>13103</ShareOfEOYAssetsAmt>
        <OwnershipPct>1.00000</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>false</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>true</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>Betty Jo Mowry Inc</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>d</TransactionTypeTxt>
        <InvolvedAmt>99995</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>Cost</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>