Harding University
- Assets
- $470.2m
- Revenue
- $174.2m
- Investments
- $0.0
- Employees
- 2,785
- Location
- Searcy, AR
- Founding
- 08/1959
- Data as of
- 06/2021
- EIN
- 71-0236896
Organization Overview
Harding University is located in Searcy, AR. The organization was established in 1959. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Harding University employed 2,785 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harding University 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 06/2021, Harding University generated $174.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $112.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harding University has awarded 36 individual grants totaling $843,162. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HARDINGS MISSION IS TO PROVIDE A QUALITY EDUCATION THAT WILL LEAD TO AN UNDERSTANDING AND PHILOSOPHY OF LIFE CONSISTENT WITH CHRISTIAN IDEALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Mclarty President Former | Officer | $262,518 | |
Michael Mcgalliard Dean Cah/assoc Provost Hs | 40 | $146,229 | |
Jeffrey Mercer Dean College Of Pharmacy | 40 | $160,822 | |
David Collins Executive VP | Officer | 40 | $157,749 |
Rayanne Story Asst Dean Pharmacy | 40 | $119,342 | |
Jeffrey Morgan Athletic Director | 40 | $123,778 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Service Dining/catering Services | 6/29/22 | $6,556,388 |
Wagner General Contractors Inc Construction | 6/29/22 | $886,296 |
Aramark Facility Serv Janitorial Services | 6/29/22 | $2,083,097 |
Stephens Insurance Inc Insurance | 6/29/22 | $1,053,916 |
Strata Leadership Business Consulting | 6/29/22 | $807,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,781,502 |
| Investment income | $2,501,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $61,194 |
| Net Rental Income | $133,994 |
| Net Gain/Loss on Asset Sales | $52,790,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,161,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,583,203 |
| Pension plan accruals and contributions | $3,452,340 |
| Other employee benefits | $9,443,967 |
| Payroll taxes | $3,342,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $138,876 |
| Fees for services: Accounting | $120,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $119,374 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,297,697 |
| Advertising and promotion | $1,038,357 |
| Office expenses | $5,472,380 |
| Information technology | $3,071,544 |
| Royalties | $0 |
| Occupancy | $5,773,045 |
| Travel | $1,585,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $213,248 |
| Interest | $794,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,716,862 |
| Insurance | $1,167,288 |
| All other expenses | $0 |
| Total functional expenses | $112,152,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,808,812 |
| Savings and temporary cash investments | $4,403,820 |
| Pledges and grants receivable | $16,293,115 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,111,967 |
| Inventories for sale or use | $1,561,120 |
| Prepaid expenses and deferred charges | $1,386,769 |
| Investments—publicly traded securities | $133,133,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,210,923 |
| Total assets | $470,222,822 |
| Accounts payable and accrued expenses | $2,714,688 |
| Grants payable | $0 |
| Deferred revenue | $5,882,433 |
| Tax-exempt bond liabilities | $21,606,790 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $750,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $8,455,109 |
| Other liabilities | $20,583,235 |
| Total liabilities | $59,992,255 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $410,230,567 |
Grants Awarded
Over the last fiscal year, Harding University has awarded $179,823 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY INTERNATIONAL UNIVERSITY PURPOSE: Mission work | $10,000 |
SUNSET INTERNATIONAL BIBLE INSTITUTE PURPOSE: Mission work | $5,995 |
COLLEGE CHURCH OF CHRIST PURPOSE: Mission work | $37,601 |
GADSDEN CHURCH OF CHRIST PURPOSE: Mission work | $6,227 |
CENTRAL CHURCH OF CHRIST PURPOSE: Mission work | $10,000 |
HAITI CHRISTIAN DEVELOPMENT PROJ PURPOSE: Mission work | $50,000 |