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Nonprofiteer
← HENDERSON STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by HENDERSON STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$1,452,780
Total expenses
$1,868,032
Contributions and grants received
$1,411,711
Grants paid
$1,520,036
Program service revenue
$0
Investment income
$41,069
Other revenue
$0
Total assets, end of year
$26,351,693
Total liabilities, end of year
$226,210
Net assets or fund balances, end of year
$26,125,483
Program services expenses (Part IX)
$1,672,503
Management and general expenses
$195,529
Fundraising expenses
$0
Program service expenses (Part III)
$1,672,503

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,411,711

  • 3 · Investment income

    total $565,132 · excluded $565,132

  • 7a · Gross sales of assets other than inventory

    securities $11,938,286

  • 7b · Less cost or other basis and sales expenses

    securities $11,981,571 · other assets $480,778

  • 7c · Gain or loss

    securities -$43,285 · other assets -$480,778

  • 7d · Net gain or loss

    total -$524,063 · excluded -$524,063

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,520,036 · program services $1,520,036

  • 5 · Compensation of officers, directors and key employees

    total $90,827 · program services $30,067 · management and general $60,760

  • 10 · Payroll taxes

    total $5,675 · program services $2,491 · management and general $3,184

  • 11c · Fees: accounting

    total $41,000 · management and general $41,000

  • 11f · Fees: investment management

    total $119,909 · program services $119,909

  • 13 · Office expenses

    total $4,234 · management and general $4,234

  • 14 · Information technology

    total $66,788 · management and general $66,788

  • 16 · Occupancy

    total $3,781 · management and general $3,781

  • 23 · Insurance

    total $3,696 · management and general $3,696

  • 24a · Other expenses: OPERATING EXPENSES

    total $6,593 · management and general $6,593

  • 24b · Other expenses: MISCELLANEOUS

    total $4,470 · management and general $4,470

  • 24c · Other expenses: TAXES

    total $1,023 · management and general $1,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $487,195 · end of year $531,206

  • 2 · Savings and temporary cash investments

    beginning of year $893,980 · end of year $749,546

  • 3 · Pledges and grants receivable

    beginning of year $337,360 · end of year $249,228

  • 4 · Accounts receivable

    beginning of year $329 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $76,500

  • 10c · Land, buildings and equipment, net

    beginning of year $76,500 · end of year $76,500

  • 11 · Investments: publicly traded securities

    beginning of year $22,691,238 · end of year $23,885,041

  • 15 · Other assets

    beginning of year $480,778 · end of year $860,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $297,337 · end of year $226,210

  • 27 · Net assets without donor restrictions

    beginning of year $335,159 · end of year $394,376

  • 28 · Net assets with donor restrictions

    beginning of year $24,334,884 · end of year $25,731,107

Mission and programs · 2022

Mission

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.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $583,105 · Grants $583,105

  • 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 $1,750,000 MILLION WAS ABLE TO BE PROVIDED TO THE UNIVERSITY FROM PRIVATE SUPPORT IN FURTHERANCE OF THEIR PROGRAMMATIC WORK.

    Expenses $1,089,398 · Grants $936,931

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Chris M Wewers

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jim Garland

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Goodnight

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Mark Attwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr David Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Krishna Ellington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bobbie Nichols Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lamarr Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard Jacobs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Zeno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roy Snook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tina Hall

    VICE CHANCELLOR OF ADVANCE

    Total calculated
    $124,161
    From this org
    $31,776
    From related orgs
    $78,050
    Other
    $14,335
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • HENDERSON STATE UNIVERSITY

    $1,520,036

    TO FUND STUDENT SCHOLARSHIPS AND PROVIDE OTHER FINANCIAL ASSISTANCE.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HENDERSON STATE UNIVERSITY

    115 · 4 YEAR UNIVERSITY · AR

Provenance

Return type
form_990
Tax year
2022
Filed
1 March 2024
IRS schema version
2022v5.0
Source object
202440619349300654

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