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Nonprofiteer
← HARDING UNIVERSITY

Form 990 for tax year 2023

Filed by HARDING UNIVERSITY.

Totals

Total revenue
$128,859,823
Total expenses
$130,359,326
Contributions and grants received
$20,634,073
Grants paid
$260,537
Program service revenue
$102,500,350
Investment income
$5,725,400
Other revenue
$0
Total assets, end of year
$476,835,961
Total liabilities, end of year
$73,754,380
Net assets or fund balances, end of year
$403,081,581
Program services expenses (Part IX)
$116,111,445
Management and general expenses
$12,470,975
Fundraising expenses
$1,776,906
Program service expenses (Part III)
$116,111,445

Program services were 89.1% 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.

  • 1e · Government grants (contributions)

    $1,994,655

  • 1f · All other contributions, gifts and grants

    $18,639,418

  • 1g · Noncash contributions included above

    $2,110,915

  • 2a · Program service revenue: Tuition Fees

    total $70,273,165 · related or exempt $70,273,165

  • 2b · Program service revenue: Housing

    total $12,954,047 · related or exempt $12,954,047

  • 2c · Program service revenue: Food Service

    total $10,687,598 · related or exempt $10,612,991 · unrelated business $74,607

  • 2d · Program service revenue: Bookstore

    total $2,978,867 · related or exempt $2,952,970 · unrelated business $25,897

  • 2e · Program service revenue: Sales Services

    total $1,209,791 · related or exempt $1,209,791

  • 2f · All other program service revenue

    total $4,396,882 · related or exempt $4,120,746 · unrelated business $276,136

  • 3 · Investment income

    total $582,879 · related or exempt $582,879

  • 7a · Gross sales of assets other than inventory

    securities $5,581,816 · other assets -$439,295

  • 7c · Gain or loss

    securities $5,581,816 · other assets -$439,295

  • 7d · Net gain or loss

    total $5,142,521

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $260,537 · program services $260,537

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $51,930,052 · program services $46,504,249 · management and general $4,604,937 · fundraising $820,866

  • 8 · Pension plan contributions

    total $3,373,206 · program services $3,005,698 · management and general $306,196 · fundraising $61,312

  • 9 · Other employee benefits

    total $10,974,706 · program services $9,845,880 · management and general $1,061,440 · fundraising $67,386

  • 10 · Payroll taxes

    total $3,316,275 · program services $2,969,473 · management and general $308,783 · fundraising $38,019

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $124,317 · management and general $124,317

  • 11c · Fees: accounting

    total $76,063 · management and general $76,063

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $47,500 · fundraising $47,500

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $11,017,022 · program services $10,604,307 · management and general $260,931 · fundraising $151,784

  • 12 · Advertising and promotion

    total $694,774 · program services $123,906 · management and general $509,911 · fundraising $60,957

  • 13 · Office expenses

    total $7,700,196 · program services $6,540,974 · management and general $947,789 · fundraising $211,433

  • 14 · Information technology

    total $2,977,284 · program services $1,145,425 · management and general $1,827,063 · fundraising $4,796

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $6,297,864 · program services $6,297,864

  • 17 · Travel

    total $5,757,153 · program services $5,471,167 · management and general $211,621 · fundraising $74,365

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $767,482 · program services $557,464 · management and general $160,364 · fundraising $49,654

  • 20 · Interest

    total $2,134,986 · program services $2,005,305 · management and general $129,681

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $12,160,003 · program services $11,852,953 · management and general $307,050

  • 23 · Insurance

    total $2,037,175 · program services $1,722,796 · management and general $302,012 · fundraising $12,367

  • 24a · Other expenses: Food

    total $2,501,096 · program services $2,373,861 · management and general $92,702 · fundraising $34,533

  • 24b · Other expenses: Purchase for Resale

    total $2,166,837 · program services $2,166,837

  • 24c · Other expenses: Equipment Furnishings

    total $1,121,105 · program services $808,089 · management and general $313,016

  • 24e · All other expenses

    total $2,923,693 · program services $1,854,660 · management and general $927,099 · fundraising $141,934

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,660,525 · end of year $1,947,599

  • 2 · Savings and temporary cash investments

    beginning of year $2,629,238 · end of year $2,740,338

  • 3 · Pledges and grants receivable

    beginning of year $11,769,820 · end of year $10,958,537

  • 7 · Other notes and loans receivable

    beginning of year $15,098,241 · end of year $12,717,859

  • 8 · Inventories for sale or use

    beginning of year $1,562,321 · end of year $1,524,873

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,284,205 · end of year $1,540,443

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

    $410,183,768

  • 10b · Land, buildings and equipment: accumulated depreciation

    $190,305,536

  • 10c · Land, buildings and equipment, net

    beginning of year $221,372,824 · end of year $219,878,232

  • 11 · Investments: publicly traded securities

    beginning of year $86,572,499 · end of year $114,063,897

  • 15 · Other assets

    beginning of year $133,733,077 · end of year $111,464,183

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,413,373 · end of year $4,015,734

  • 19 · Deferred revenue

    beginning of year $3,686,359 · end of year $5,923,624

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,368,346 · end of year $16,825,396

  • 22 · Loans and payables to officers and key people

    beginning of year $750,000 · end of year $750,000

  • 25 · Other liabilities

    beginning of year $44,883,588 · end of year $46,239,626

  • 27 · Net assets without donor restrictions

    beginning of year $184,873,649 · end of year $180,314,045

  • 28 · Net assets with donor restrictions

    beginning of year $219,707,435 · end of year $222,767,536

Mission and programs · 2023

Mission

Led by our Christ-centered mission, Harding University aspires to be known around the world for educating and inspiring students to relentlessly pursue Gods truth, excellence and love.

Activities or mission (Part I)

With Christ as Lord, Harding University transforms learners for global impact by engaging minds and nuturing faith within a deeply connected community.

  • Higher Education

    Expenses $116,111,445 · Revenue $102,499,712

As filed on the 2023 return.

Listed in Part VII

  • Michael Williams

    President

    Total calculated
    $337,421
    From this org
    $288,056
    From related orgs
    $0
    Other
    $49,365
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $288,056
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,000
    Nontaxable benefits
    $20,365
    Filer's total
    $337,421

  • Jean-Noel Thompson

    Executive Vice President

    Total calculated
    $239,117
    From this org
    $168,642
    From related orgs
    $0
    Other
    $70,475
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $168,642
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,300
    Nontaxable benefits
    $67,175
    Filer's total
    $239,117

  • Michael McGalliard

    Dean CAH/Assoc Provost HS

    Total calculated
    $217,444
    From this org
    $155,119
    From related orgs
    $0
    Other
    $62,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,119
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,260
    Nontaxable benefits
    $53,065
    Filer's total
    $217,444

  • Paul Simmons

    Head Football Coach

    Total calculated
    $187,358
    From this org
    $133,704
    From related orgs
    $0
    Other
    $53,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,704
    Bonus
    not reported
    Other
    $32,750
    Deferred
    $12,813
    Nontaxable benefits
    $40,841
    Filer's total
    $220,108

  • Julie Hixson-Wallace

    Dean College of Pharmacy

    Total calculated
    $187,316
    From this org
    $163,481
    From related orgs
    $0
    Other
    $23,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,481
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,035
    Nontaxable benefits
    $7,800
    Filer's total
    $187,316

  • Tamara Hall

    Secretary/Treasurer

    Total calculated
    $187,049
    From this org
    $145,545
    From related orgs
    $0
    Other
    $41,504
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $145,545
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,476
    Nontaxable benefits
    $26,028
    Filer's total
    $187,049

  • Debbie Knight

    Prof/CHS IPE/Co-Curr Co

    Total calculated
    $185,010
    From this org
    $108,887
    From related orgs
    $0
    Other
    $76,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,887
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,505
    Nontaxable benefits
    $64,618
    Filer's total
    $185,010

  • Marty Spears

    Provost

    Total calculated
    $184,059
    From this org
    $152,455
    From related orgs
    $0
    Other
    $31,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,455
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,049
    Nontaxable benefits
    $15,556
    Filer's total
    $184,060

  • Rayanne Story

    Assoc Pro/Associate Dean Pharmacy

    Total calculated
    $178,205
    From this org
    $120,452
    From related orgs
    $0
    Other
    $57,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,452
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,799
    Nontaxable benefits
    $44,954
    Filer's total
    $178,205

  • Timothy Bewley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Craig Cheatham

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Cochran

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • James Cone

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Crews

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Amy Emerson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Harrell Freeman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Charles Ganus

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Justus

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Harold Redd

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Reese

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Simmons

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Swaid Swaid

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Waldron

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robert Walker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rodney Waller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Weeks

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joe Wild

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Howard Wright

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jim Holsombake

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robin Maynard

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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

  • World Bible School

    $112,978

    Mission Work

  • College Church of Christ

    $56,398

    Mission Work

  • West Side Church of Christ

    $40,000

    Mission Work

  • Cloverdale Church of Christ

    $30,000

    Mission Work

  • Truth for Today

    $10,000

    Mission Work

  • Gadsen Church of Christ

    $5,778

    Mission Work

  • Sunset International Bible Institute

    $5,383

    Mission Work

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.

  • Harding Place Inc

    501c3 · Retirement Community · AR · controlled entity

    Directly controlled by Harding University Inc

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HU CRUT - 1

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 2

    Trust · investment · AR · 80% owned

    Directly controlled by NA

  • HU CRUT - 4

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 5

    Trust · investment · AR · 100% owned

    Directly controlled by NA

  • HU CRUT - 6

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 7

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 8

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU Trust - 1

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU Trust - 3

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU Trust - 5

    Trust · investment · AR · 100% owned

    Directly controlled by NA

  • HU Trust - 6

    Trust · investment · AR · 100% owned

    Directly controlled by NA

  • HU Trust - 7

    Trust · investment · AR

    Directly controlled by NA

  • HU Trust - 8

    Trust · investment · AR

    Directly controlled by NA

  • HU CRUT - 11

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 12

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 13

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 14

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

  • HU CRUT - 15

    Trust · investment · AR · 100% owned

    Directly controlled by HU TTEE

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349302399

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