Howard Payne University

Organization Overview

Howard Payne University is located in Brownwood, TX. The organization was established in 1939. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Howard Payne University employed 601 individuals. This organization is the central organization for a national or regional group of organizations. Howard Payne 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 05/2022, Howard Payne University generated $40.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $34.9m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HOWARD PAYNE UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

POST-SECONDARY EDUCATION INSTRUCTIONHOWARD PAYNE UNIVERSITY OFFERS A FULL ARRAY OF UNDERGRADUATE PROGRAMS AND FIVE GRADUATE PROGRAMS IN A TRADITIONAL RESIDENTIAL ACADEMIC COMMUNITY. THE UNIVERSITY ALSO OFFERS SELECTED UNDERGRADUATE AND GRADUATE COURSE WORK BY ELECTRONIC MEANS AND AT EXTENDED LEARNING CENTERS IN EL PASO AND NEW BRAUNFELS. STUDENTS AT HPU CHOOSE FROM MORE THAN 100 MAJORS, MINORS AND PRE-PROFESSIONAL PROGRAMS IN SEVEN SCHOOLS: BUSINESS, CHRISTIAN STUDIES, EDUCATION, HUMANITIES, MUSIC AND FINE ARTS, NURSING, AND SCIENCE AND MATHEMATICS. THE GUY D. NEWMAN HONORS ACADEMY CHALLENGES STUDENTS WITH A MULTIDISCIPLINARY CURRICULUM AND EXCITING TRAVEL OPPORTUNITIES.


STUDENT SERVICESHPU IS COMMITTED TO PROVIDING STUDENTS WITH A WIDE RANGE OF OPPORTUNITIES FOR LEARNING WITHIN AND BEYOND THE CLASSROOM. STUDENT ENGAGEMENT IN CAMPUS LIFE IS DESIGNED TO HELP STUDENTS GROW IN RELATIONSHIP TO CHRIST, DEVELOP LEADERSHIP SKILLS, BUILD RELATIONSHIPS, PARTICIPATE IN SERVICE TO THE CAMPUS AND COMMUNITY, EXHIBIT PERSONAL RESPONSIBILITY, AND HAVE FUN.THESE SERVICES INCLUDE ADMISSIONS, ATHLETICS/INTRAMURALS, BAPTIST STUDENT MINISTRY, CHAPEL, CHEERLEADING, THE COLLEGIUM (TUTORING, ACADEMIC TESTING, ADVISING, CAREER SERVICES AND LEARNING ASSISTANCE), COUNSELING AND HEALTH SERVICES, HPU'S DEPARTMENT OF PUBLIC SAFETY, FINANCIAL AID, THE FOOD AND ESSENTIALS PANTRY, THE LIBRARY, MAIL SERVICES, NEW-STUDENT ORIENTATION, RESIDENCE LIFE, STUDENT ACTIVITIES, STUDENT CONDUCT, STUDENT GOVERNMENT, STUDENT ORGANIZATIONS, THE WELLNESS CENTER, AND MORE.


AUXILIARY ENTERPRISESHPU'S AUXILIARY PROGRAMS PROVIDE ESSENTIAL SERVICES TO STUDENTS. THESE PROGRAMS INCLUDE DINING SERVICES (TWO ON-CAMPUS DINING LOCATIONS AND STINGER BUCKS TO USE AT OFF-CAMPUS RESTAURANTS) AND SEVERAL HOUSING OPTIONS. THESE ON-CAMPUS FACILITIES INCLUDE ONE WOMEN'S RESIDENCE HALL, TWO MEN'S RESIDENCE HALLS, A STUDENT APARTMENT COMPLEX, AND EIGHT DUPLEX APARTMENTS.


PROVIDE ACADEMIC SUPPORT THROUGH LIBRARY AND VARIOUS ACADEMIC DEPARTMENTS OF THE UNIVERSITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Waldrop Construction
Construction
$1,924,292
Sodexo Inc & Affiliates
Food Service
$1,279,409
Highground Advisors
Investment Services
$567,272
Tad Hamilton
Construction
$407,670
Safe Charters Llc
Charter Bus Service
$261,538
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$619,728
Government grants $3,862,605
All other contributions, gifts, grants, and similar amounts not included above$5,949,587
Noncash contributions included in lines 1a–1f $124,539
Total Revenue from Contributions, Gifts, Grants & Similar$10,431,920
Total Program Service Revenue$24,072,015
Investment income $5,384,146
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $27,025
Net Gain/Loss on Asset Sales $465,395
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,380,501

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Howard Payne University has recieved totaling $690,269.

Awarding OrganizationAmount
$259,750
Fred C And Katherine B Andersen Foundation

Bayport, MN

PURPOSE: GENERAL SUPPORT

$175,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$151,550
James And Dorothy Doss Foundation Inc

Fort Worth, TX

PURPOSE: SCHOLARSHIP

$25,000
Eurice M Bass Foundation

Gunter, TX

PURPOSE: SCHOLARSHIPS

$22,000
Greater Texas Foundation

Bryan, TX

PURPOSE: TO SUPPORT STUDENT SCHOLARSHIPS AT HOWARD PAYNE UNIVERSITY.

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$41,129,187
Earnings-$879,909
Net Contributions$2,143,942
Grants$3,405,933
Ending Balance$38,987,287

Peer Organizations

Organization NameAssets
Harding University
Searcy, AR
$135,462,423
University Of Mary Hardin-Baylor
Belton, TX
$125,812,163
Oklahoma City University
Oklahoma City, OK
$109,214,951
University Of St Thomas
Houston, TX
$105,820,865
Texas Wesleyan University
Fort Worth, TX
$108,798,845
Hardin-Simmons University
Abilene, TX
$94,074,650
Austin College
Sherman, TX
$79,413,708
Our Lady Of The Lake University Of San Antonio
San Antonio, TX
$76,356,070
Concordia University Texas
Austin, TX
$77,596,323
Letourneau University
Longview, TX
$66,156,893
Southern Nazarene University
Bethany, OK
$68,249,636
East Texas Baptist University
Marshall, TX
$69,149,691

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