Hallmark University Inc
- Assets
- $49.8m
- Revenue
- $19.0m
- Investments
- $0.0
- Employees
- 208
- Location
- San Antonio, TX
- Founding
- 05/2012
- Data as of
- 12/2023
- EIN
- 45-4620000
Organization Overview
Hallmark University Inc is located in San Antonio, TX. The organization was established in 2012. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2023, Hallmark University Inc employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hallmark University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hallmark University Inc generated $19.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $18.7m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH, MAINTAIN, & CONDUCT POST- SECONDARY, SECONDARY, & PRIMARY INSTITUTIONS OF LEARNING UNDER THE INFLUENCE OF JUDEO-CHRISTIAN PRINCIPLES IN SAN ANTONIO, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALLMARK UNIVERSITY INC. PUTS STUDENTS IN CONTROL OF THEIR FUTURES, GUIDING THEM TO BETTER LIVES. THROUGH HANDS-ON AND CLASSROOM TRAINING, STUDENTS LEARN THE PROPER TOOLS AND TECHNIQUES REQUIRED TO BECOME SUCCESSFUL. COMPREHENSIVE COURSES GIVE STUDENTS VALUABLE TIME WORKING IN THEIR CHOSEN FIELD IN REAL-WORLD SETTINGS. THE UNIVERSITY HAS PROGRAMS IN AERONAUTICS, ALLIED HEALTH, BUSINESS, INFORMATION TECHNOLOGY AND NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Nguyen Chairman/director | OfficerTrustee | 15 | $0 |
Dean Rush Vice Chair/director | OfficerTrustee | 10 | $0 |
Vanessa Kenon Secretary/director | OfficerTrustee | 5 | $0 |
Neal Askew Trustee/director | Trustee | 5 | $0 |
Tim Lyles Trustee/director | Trustee | 5 | $0 |
Mary Nelson Trustee/director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,544 |
| Total Program Service Revenue | $18,717,207 |
| Investment income | $17,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$177,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,011,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $87,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $485,999 |
| Compensation of current officers, directors, key employees. | $485,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,786,190 |
| Pension plan accruals and contributions | $134,739 |
| Other employee benefits | $382,273 |
| Payroll taxes | $621,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,904 |
| Fees for services: Accounting | $48,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,380 |
| Fees for services: Other | $409,663 |
| Advertising and promotion | $1,945,356 |
| Office expenses | $578,036 |
| Information technology | $680,778 |
| Royalties | $0 |
| Occupancy | $1,206,936 |
| Travel | $11,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,724 |
| Interest | $1,199,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,407,641 |
| Insurance | $202,268 |
| All other expenses | $0 |
| Total functional expenses | $18,729,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,365,045 |
| Savings and temporary cash investments | $445,541 |
| Pledges and grants receivable | $117,705 |
| Accounts receivable, net | $1,270,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,949 |
| Prepaid expenses and deferred charges | $512,105 |
| Net Land, buildings, and equipment | $24,520,834 |
| Investments—publicly traded securities | $1,313,937 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,189,380 |
| Total assets | $49,829,474 |
| Accounts payable and accrued expenses | $1,729,235 |
| Grants payable | $0 |
| Deferred revenue | $352,089 |
| Tax-exempt bond liabilities | $23,192,524 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,491 |
| Total liabilities | $25,304,339 |
| Net assets without donor restrictions | $24,007,259 |
| Net assets with donor restrictions | $517,876 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,829,474 |
Grants Awarded
Over the last fiscal year, Hallmark University Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNICARE HEALTH FOUNDATION PURPOSE: ASSISTANCE | $5,000 |
THE DEE HOWARD FOUNDATION PURPOSE: ASSISTANCE | $5,000 |