Harding University
- Assets
- $405.6m
- Revenue
- $135.5m
- Investments
- $0.0
- Employees
- 2,646
- Location
- Searcy, AR
- Founding
- 08/1959
- Data as of
- 06/2019
- 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 06/2021, Harding University employed 2,646 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 06/2019, Harding University generated $135.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $123.6m during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harding University has awarded 29 individual grants totaling $663,339. 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
2019
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 | $277,798 | |
Julie Hixson-Wallace Asst Provost Ctr For Health Sciences | Officer | 40 | $174,940 |
David Collins Exec Vice President | Officer | 40 | $160,073 |
Jeffrey Mercer Dean College Of Pharmacy | 40 | $156,570 | |
Grady Weston Assoc Dean/chair Pharm Sci | 40 | $155,022 | |
Marty Spears Provost | 40 | $141,446 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Service Dining/catering Services | 6/29/21 | $3,158,410 |
Aramark Services Dining/catering Services | 6/29/21 | $3,799,786 |
Aramark Facility Serv Janitorial Services | 6/29/21 | $2,235,108 |
Connell Construction Construction | 6/29/21 | $1,882,568 |
Anthology Inc Software Licencsing | 6/29/21 | $734,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,989,548 |
| Investment income | $3,933,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $112,678 |
| Net Rental Income | $178,766 |
| Net Gain/Loss on Asset Sales | $4,899,174 |
| Net Income from Fundraising Events | $42,358 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,462,423 |
| 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 | $55,150,412 |
| Pension plan accruals and contributions | $3,689,509 |
| Other employee benefits | $9,382,609 |
| Payroll taxes | $3,296,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,900 |
| Fees for services: Accounting | $132,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $120,446 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,905,038 |
| Advertising and promotion | $1,046,339 |
| Office expenses | $6,424,658 |
| Information technology | $2,515,479 |
| Royalties | $0 |
| Occupancy | $6,495,775 |
| Travel | $5,504,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $580,103 |
| Interest | $1,175,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,222,534 |
| Insurance | $882,890 |
| All other expenses | $0 |
| Total functional expenses | $123,632,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,091,876 |
| Savings and temporary cash investments | $3,677,668 |
| Pledges and grants receivable | $11,916,907 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,211,360 |
| Inventories for sale or use | $2,167,573 |
| Prepaid expenses and deferred charges | $643,976 |
| Investments—publicly traded securities | $151,368,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,210,281 |
| Total assets | $405,616,863 |
| Accounts payable and accrued expenses | $2,720,126 |
| Grants payable | $0 |
| Deferred revenue | $3,644,403 |
| Tax-exempt bond liabilities | $21,159,023 |
| 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 | $20,356,262 |
| Other liabilities | $20,713,976 |
| Total liabilities | $69,343,790 |
| Net assets without donor restrictions | $177,637,370 |
| Net assets with donor restrictions | $32,704,092 |
| Capital stock or trust principal, or current funds | $125,931,611 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $336,273,073 |
Grants Awarded
Over the last fiscal year, Harding University has awarded $142,440 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Lubbock, TX PURPOSE: Mission work | $80,421 |
Searcy, AR PURPOSE: Mission work | $31,710 |
ELMORE CHURCH OF CHRIST PURPOSE: Mission work | $15,000 |
Deerfield, IL PURPOSE: Mission work | $10,000 |
GADSDEN CHURCH OF CHRIST PURPOSE: Mission work | $5,309 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Harding University has recieved totaling $31,765.
| Awarding Organization | Amount |
|---|---|
Brentwood Foundation Frisco, TX PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $26,250 |
Naphcare Charitable Foundation Birmingham, AL PURPOSE: COLLEGE SCHOLARSHIP FOR LILY BETH AYERS | $2,820 |
George & Hazel Barber Scholarship Tr Quincy, IL PURPOSE: COLLEGE SCHOLARSHIP | $1,695 |
Myer & Lois Franklin Charitable Tr Jackson, MI PURPOSE: SCHOLARSHIP | $1,000 |
Endowment Analysis
| Beg. Balance | $166,223,072 |
| Earnings | $54,240,891 |
| Net Contributions | $2,037,995 |
| Grants | $6,881,472 |
| Ending Balance | $215,620,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Lincoln Memorial University Harrogate, TN | $295,338,228 | $171,241,775 |