Hendrix College
- Assets
- $318.3m
- Revenue
- $98.4m
- Investments
- $178.9m
- Employees
- 1,022
- Location
- Conway, AR
- Founding
- 06/1942
- Data as of
- 05/2022
- EIN
- 71-0236897
Organization Overview
Hendrix College is located in Conway, AR. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Hendrix College employed 1,022 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrix College 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 05/2022, Hendrix College generated $98.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $87.6m during the year ending 05/2022. While expenses have increased by 0.4% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HENDRIX COLLEGE CULTIVATES EMPATHY, CREATIVITY, SELF-UNDERSTANDING, RIGOROUS INQUIRY, INFORMED DELIBERATION, AND ACTIVE LEARNING ACROSS THE LIBERAL ARTS, TOWARD THE DEVELOPMENT OF THE WHOLE PERSON. THROUGH ENGAGEMENT THAT LINKS THE CLASSROOM WITH THE WORLD, AND A COMMITMENT TO DIVERSITY, INCLUSION, JUSTICE, AND SUSTAINABLE LIVING, THE HENDRIX COMMUNITY INSPIRES STUDENTS TO LEAD LIVES OF ACCOMPLISHMENT, INTEGRITY, SERVICE, AND JOY.
Describe the Organization's Program Activity:
INSTRUCTION (1050 STUDENTS)
STUDENT AID (1050 STUDENTS)
STUDENT SERVICES (1050 STUDENTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellis Arnold President | Officer | 40 | $326,211 |
Terri L Bonebright Provost And Dean Of The College | Officer | 40 | $193,911 |
Thomas J Siebenmorgen Executive Vice President And CFO | Officer | 40 | $180,906 |
Steven Cassell VP Of Enrollment | 40 | $150,216 | |
Sam Nichols VP For Technology Services And Cio | 40 | $143,291 | |
David Sutherland Assoc Provost And Math/computer Science Professor | 40 | $125,603 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nabholz Construction Corp Construction Services | 5/30/22 | $3,904,043 |
Us Foodservice Food Supplier | 5/30/22 | $731,442 |
Conway Corporation Electrical Services | 5/30/22 | $1,898,730 |
Nabholz Client Services Construction Services | 5/30/22 | $669,710 |
Usable Mutual Insurance Health And Dental Premiums | 5/30/22 | $643,456 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,951,917 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,228,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,180,473 |
| Total Program Service Revenue | $63,337,066 |
| Investment income | $3,260,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $153,023 |
| Net Gain/Loss on Asset Sales | $4,156,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,419,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,680,294 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,806,848 |
| Compensation of current officers, directors, key employees. | $1,806,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,803,855 |
| Pension plan accruals and contributions | $662,038 |
| Other employee benefits | $3,078,659 |
| Payroll taxes | $1,324,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,534 |
| Fees for services: Accounting | $103,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $832,027 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,485 |
| Office expenses | $3,115,009 |
| Information technology | $594,386 |
| Royalties | $0 |
| Occupancy | $2,740,560 |
| Travel | $1,166,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,187 |
| Interest | $3,127,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,812,125 |
| Insurance | $524,363 |
| All other expenses | $4,413,306 |
| Total functional expenses | $87,649,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,726,818 |
| Pledges and grants receivable | $4,951,453 |
| Accounts receivable, net | $1,067,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $422,912 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $124,632,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $178,858,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,669,208 |
| Total assets | $318,329,586 |
| Accounts payable and accrued expenses | $7,952,461 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $55,700,148 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,803,470 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,728,083 |
| Total liabilities | $106,184,162 |
| Net assets without donor restrictions | $52,541,368 |
| Net assets with donor restrictions | $159,604,056 |
| 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 | $318,329,586 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Hendrix College has recieved totaling $2,924,545.
| Awarding Organization | Amount |
|---|---|
J E And L E Mabee Foundation Inc Midland, TX PURPOSE: BUILDING RENOVATION DORMITORY | $2,000,000 |
Sunderland Foundation Overland Park, KS PURPOSE: RESIDENCE HALL RENEWAL PROJECT | $500,000 |
Roy & Christine Sturgis Educational Charitable Trust Dallas, TX PURPOSE: SUPPORT WELLNESS & | $100,000 |
Murphy Foundation El Dorado, AR PURPOSE: OPERATIONS | $100,000 |
United Methodist Foundation Of Arkansas Little Rock, AR PURPOSE: Religious | $84,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $35,900 |
Endowment Analysis
| Beg. Balance | $193,112,235 |
| Earnings | -$4,252,754 |
| Net Contributions | $724,493 |
| Grants | $10,725,000 |
| Ending Balance | $178,858,974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Tulsa Tulsa, OK | $1,745,122,340 | $321,403,576 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Southwestern University Georgetown, TX | $545,443,629 | $120,545,319 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Oklahoma Baptist University Shawnee, OK | $289,242,729 | $80,964,114 |