Totals
- Total revenue
- $10,598,724
- Total expenses
- $4,458,374
- Contributions and grants received
- $6,989,084
- Grants paid
- $0
- Program service revenue
- $1,121,209
- Investment income
- $1,928,882
- Other revenue
- $559,549
- Total assets, end of year
- $29,273,730
- Total liabilities, end of year
- $1,277,274
- Net assets or fund balances, end of year
- $27,996,456
- Program services expenses (Part IX)
- $3,428,145
- Management and general expenses
- $346,120
- Fundraising expenses
- $684,109
- Program service expenses (Part III)
- $3,428,145
Program services were 76.9% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$6,989,084
-
1g · Noncash contributions included above
$108,500
-
2a · Program service revenue: Tuition & Fees
total $888,280 · related or exempt $888,280 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Sale & Sevice - Auxiliary
total $21,269 · related or exempt $21,269 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Dorm Rentals
total $38,825 · related or exempt $38,825 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Other Prgram Revenue
total $172,835 · related or exempt $172,835 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,928,882 · related or exempt $1,928,882 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$751,819
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$192,270
-
8c · Net income from fundraising events
total $559,549 · unrelated business $0 · excluded $559,549
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $185,507 · program services $46,377 · management and general $92,753 · fundraising $46,377
-
7 · Other salaries and wages
total $1,730,697 · program services $1,455,593 · management and general $78,093 · fundraising $197,011
-
8 · Pension plan contributions
total $48,791 · program services $39,033 · management and general $4,879 · fundraising $4,879
-
9 · Other employee benefits
total $255,215 · program services $206,083 · management and general $24,566 · fundraising $24,566
-
10 · Payroll taxes
total $70,296 · program services $60,384 · management and general $6,608 · fundraising $3,304
-
11b · Fees: legal
total $0 · fundraising $0
-
11c · Fees: accounting
total $35,000 · management and general $35,000
-
11e · Fees: professional fundraising services
total $985 · fundraising $985
-
11g · Fees: other
total $31,967 · program services $31,743 · management and general $168 · fundraising $56
-
12 · Advertising and promotion
total $34,270 · program services $25,355 · management and general $2,814 · fundraising $6,101
-
13 · Office expenses
total $467,128 · program services $207,057 · management and general $7,431 · fundraising $252,640
-
16 · Occupancy
total $340,987 · program services $282,779 · management and general $29,104 · fundraising $29,104
-
17 · Travel
total $171,023 · program services $108,101 · management and general $17,231 · fundraising $45,691
-
19 · Conferences, conventions and meetings
total $38,872 · program services $31,215 · management and general $79 · fundraising $7,578
-
20 · Interest
total $47 · management and general $47
-
22 · Depreciation, depletion and amortization
total $281,846 · program services $225,476 · management and general $28,185 · fundraising $28,185
-
23 · Insurance
total $73,179 · program services $60,007 · management and general $6,586 · fundraising $6,586
-
24a · Other expenses: Telephone
total $27,791 · program services $18,459 · management and general $6,557 · fundraising $2,775
-
24b · Other expenses: Scholarships & Grants
total $587,264 · program services $587,264 · management and general $0 · fundraising $0
-
24c · Other expenses: Postage
total $5,602 · program services $3,999 · management and general $635 · fundraising $968
-
24d · Other expenses: Equipment Rental
total $46,967 · program services $14,280 · management and general $5,384 · fundraising $27,303
-
24e · All other expenses
total $24,940 · program services $24,940 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,950 · end of year $6,511
-
2 · Savings and temporary cash investments
beginning of year $1,286,166 · end of year $6,169,296
-
4 · Accounts receivable
beginning of year $29,167 · end of year $30,289
-
8 · Inventories for sale or use
beginning of year $14,364 · end of year $14,300
-
9 · Prepaid expenses and deferred charges
beginning of year $108,423 · end of year $205,615
-
10a · Land, buildings and equipment: cost or other basis
$7,887,595
-
10b · Land, buildings and equipment: accumulated depreciation
$4,856,870
-
10c · Land, buildings and equipment, net
beginning of year $3,149,781 · end of year $3,030,725
-
11 · Investments: publicly traded securities
beginning of year $18,651,294 · end of year $19,802,220
-
12 · Investments: other securities
beginning of year $17,152 · end of year $14,774
-
17 · Accounts payable and accrued expenses
beginning of year $44,316 · end of year $33,808
-
19 · Deferred revenue
beginning of year $366,354 · end of year $276,591
-
25 · Other liabilities
beginning of year $1,007,520 · end of year $966,875
-
27 · Net assets without donor restrictions
beginning of year $6,121,303 · end of year $6,393,630
-
28 · Net assets with donor restrictions
beginning of year $15,734,804 · end of year $21,602,826
Mission and programs · 2023
Mission
Heritage Christian University equips servants through undergraduate and graduate and continuing education. HCU produces effective communicators, preachers, teachers and missionaries for real world ministry with a focus on evangelism and a commitment to Scripture. HCU is aware of the burden debt places on its students so HCU makes every effort to graduate students debt free.
-
061100 Undergraduate & Graduate Program
Expenses $3,428,145 · Revenue $10,598,724
As filed on the 2023 return.
Listed in Part VII
-
W Kirk Brothers
President
- Total calculated
- $139,317
- From this org
- $90,067
- From related orgs
- $0
- Other
- $49,250
- Hours/week
- 40
-
Nathan Daily
V.P. of Academics
- Total calculated
- $96,010
- From this org
- $55,000
- From related orgs
- $0
- Other
- $41,010
- Hours/week
- 40
-
Travis Harmon
V.P. of Student Services
- Total calculated
- $93,941
- From this org
- $73,537
- From related orgs
- $0
- Other
- $20,404
- Hours/week
- 40
-
JT Harrison
V.P. of Advancement
- Total calculated
- $62,912
- From this org
- $27,972
- From related orgs
- $0
- Other
- $34,940
- Hours/week
- 40
-
Wayne Barrier
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dale Jenkins
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dale Kirkland
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Alan Laguna
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Michael Chalmers
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Mark Miller
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Boyd Pate
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Don Posey
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Jerry Self
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Roger Copeland
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dennis Stephen
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Tom Neth
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Mark Posey
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
James Gray
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
William Hodge
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Chris Miller
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Chuck Morris
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Melvin Otey
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Callie Rasberry
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Pam Ashley
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Betty Hamblen
Trustee
- Total calculated
- $0
- Hours/week
- 0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202412769349301116
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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