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Nonprofiteer
← HODGES UNIVERSITY INC

Form 990 for tax year 2025

Filed by HODGES UNIVERSITY INC.

Totals

Total revenue
$86,454
Total expenses
$10,958,498
Contributions and grants received
$0
Grants paid
$9,673,638
Program service revenue
$839
Investment income
$85,615
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$9,673,638
Management and general expenses
$1,284,860
Fundraising expenses
$0
Program service expenses (Part III)
$9,673,638

Program services were 88.3% 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.

  • 2a · Program service revenue: TUITION AND FEES

    total $839 · related or exempt $839

  • 3 · Investment income

    total $85,615 · excluded $85,615

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,673,638 · program services $9,673,638

  • 5 · Compensation of officers, directors and key employees

    total $1,198,367 · management and general $1,198,367

  • 10 · Payroll taxes

    total $19,530 · management and general $19,530

  • 11b · Fees: legal

    total $12,219 · management and general $12,219

  • 11c · Fees: accounting

    total $18,868 · management and general $18,868

  • 11g · Fees: other

    total $4,116 · management and general $4,116

  • 13 · Office expenses

    total $112 · management and general $112

  • 14 · Information technology

    total $109 · management and general $109

  • 17 · Travel

    total $5,135 · management and general $5,135

  • 24a · Other expenses: OTHER EXPENSES

    total $26,404 · management and general $26,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $679,652 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $10,192,392 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $7,523,995 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $3,348,049 · end of year $0

Mission and programs · 2025

Mission

PREPARES STUDENTS TO LEVERAGE HIGHER LEARNING IN THEIR PERSONAL, PROFESSIONAL, AND CIVIC ENDEAVORS.

Activities or mission (Part I)

PREPARES STUDENTS TO LEVERAGE HIGHER LEARNING IN THEIR PERSONAL, PROFESSIONAL AND CIVIC ENDEAVORS.

  • HODGES UNIVERSITY, INC. ENDED ALL ACADEMIC PROGRAMS 8/31/2024. CURRENT FISCAL YEAR ACTIVITY CONSISTS OF DISSOLUTION OF ORGANIZATION AND FINAL DISTRIBUTION TO A QUALIFIED 501(C)(3) CHARITY.

    Expenses $9,673,638 · Grants $9,673,638 · Revenue $839

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carmen Salome

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tamika Seaton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rebekah Barney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Angel Cerritos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randy Henderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michele Hylton-Terry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Leslie H King III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sam Lewis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tyler Patak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charlene Wendel

    PRESIDENT

    Total calculated
    $1,359,385
    From this org
    $1,358,115
    From related orgs
    $0
    Other
    $1,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $844,615
    Bonus
    $500,000
    Other
    $13,500
    Deferred
    $0
    Nontaxable benefits
    $1,270
    Filer's total
    $1,359,385

  • Linda Nguyen

    TREASURER

    Total calculated
    $495,185
    From this org
    $493,885
    From related orgs
    $0
    Other
    $1,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,385
    Bonus
    $305,000
    Other
    $13,500
    Deferred
    $0
    Nontaxable benefits
    $1,300
    Filer's total
    $495,185

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMMITTEE OF THE BOARD PROPOSES PRESIDENT'S SALARY TO THE FULL BOARD. ONCE APPROVED, A WRITTEN CONTRACT IS DRAFTED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2025
Filed
16 April 2026
IRS schema version
2025v4.1
Source object
202621079349301607

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