Henderson State University Foundation

Organization Overview

Henderson State University Foundation is located in Arkadelphia, AR. The organization was established in 2018. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson State University Foundation 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, Henderson State University Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S PURPOSE IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE PROPERTY AND FUNDS FOR THE EDUCATIONAL MISSION OF HENDERSON STATE UNIVERSITY. THE FOUNDATION PROVIDES HSU WITH RESOURCES NOT PROVIDED BY PUBLIC FUNDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE YEAR ENDED JUNE 30, 2021, MORE THAN 300 SCHOLARSHIPS WERE AWARDED TO STUDENTS OF HENDERSON STATE UNIVERSITY.


TO PROMOTE DEVELOPMENT, GROWTH, EXPANSION, PROGRESS, ACCOMPLISHMENT OF EDUCATION OBJECTIVES, DEVELOPMENT OF THE PHYSICAL PLANT, IMPROVEMENT OF FACULTY AND STAFF AND AID TO HENDERSON STATE UNIVERSITY. THERE ARE MORE THAN 35 FUNDS IN PLACE TO PROVIDE SUPPORT TO ACADEMIC PROGRAMS AND OVER $1.5 MILLION WAS ABLE TO BE PROVIDED TO THE UNIVERSITY FROM PRIVATE SUPPORT IN FURTHERANCE OF THEIR PROGRAMMATIC WORK.


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Board, Officers & Key Employees

Name (title)Compensation
Tina Hall
Executive Director
$99,300
Carrie Burt
Foundation Administrator
$32,928
Chris M Wewers
Chair
$0
Jim Garland
Vice Chair
$0
Lamarr Bailey
Director
$0
Dr Richard Jacobs
Director
$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$1,473,690
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,473,690
Total Program Service Revenue$0
Investment income $491,764
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $568,144
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,533,598

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Henderson State University Foundation has recieved totaling $99,140.

Awarding OrganizationAmount
M C Bowman Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$99,140
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,275,773
Earnings$5,049,412
Net Contributions$427,470
Grants$387,847
Ending Balance$23,364,808

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