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Nonprofiteer
← HENDRIX COLLEGE

Form 990 for tax year 2023

Filed by HENDRIX COLLEGE.

Totals

Total revenue
$89,248,247
Total expenses
$83,569,066
Contributions and grants received
$10,712,345
Grants paid
$33,260,345
Program service revenue
$58,748,830
Investment income
$18,709,646
Other revenue
$1,077,426
Total assets, end of year
$308,546,839
Total liabilities, end of year
$97,370,509
Net assets or fund balances, end of year
$211,176,330
Program services expenses (Part IX)
$62,393,348
Management and general expenses
$19,930,465
Fundraising expenses
$1,245,253
Program service expenses (Part III)
$62,393,348

Program services were 74.7% 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)

    $1,113,530

  • 1f · All other contributions, gifts and grants

    $9,598,815

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Tuiton and Fees

    total $42,964,270 · related or exempt $42,964,270 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Auxiliary Services

    total $15,784,560 · related or exempt $15,784,560 · 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 $3,417,669 · related or exempt $0 · unrelated business $0 · excluded $3,417,669

  • 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

  • 6a · Gross rents

    real property $156,270 · personal property $0

  • 6b · Less rental expenses

    real property $4,167 · personal property $0

  • 6c · Rental income or loss

    real property $152,103 · personal property $0

  • 6d · Net rental income or loss

    total $152,103 · related or exempt $0 · unrelated business $152,103 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $112,136,900 · other assets $0

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

    securities $96,844,923 · other assets $0

  • 7c · Gain or loss

    securities $15,291,977 · other assets $0

  • 7d · Net gain or loss

    total $15,291,977 · related or exempt $0 · unrelated business $0 · excluded $15,291,977

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $925,323 · related or exempt $345,828 · unrelated business $12,092 · excluded $567,403

  • 11e · Other revenue, total

    $925,323

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $33,260,345 · program services $33,260,345

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,789,219 · program services $0 · management and general $1,789,219 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $19,891,480 · program services $13,813,110 · management and general $5,341,363 · fundraising $737,007

  • 8 · Pension plan contributions

    total $779,456 · program services $523,026 · management and general $224,146 · fundraising $32,284

  • 9 · Other employee benefits

    total $3,062,622 · program services $1,756,875 · management and general $1,185,246 · fundraising $120,501

  • 10 · Payroll taxes

    total $1,473,622 · program services $956,287 · management and general $465,791 · fundraising $51,544

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $36,592 · program services $0 · management and general $36,592 · fundraising $0

  • 11c · Fees: accounting

    total $115,770 · program services $0 · management and general $115,770 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $407,664 · program services $0 · management and general $407,664 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $147,340 · program services $12,466 · management and general $134,741 · fundraising $133

  • 13 · Office expenses

    total $3,142,848 · program services $1,303,768 · management and general $1,773,631 · fundraising $65,449

  • 14 · Information technology

    total $764,732 · program services $0 · management and general $764,732 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $2,423,162 · program services $2,175,824 · management and general $247,338 · fundraising $0

  • 17 · Travel

    total $1,600,013 · program services $1,503,916 · management and general $68,516 · fundraising $27,581

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $108,484 · program services $80,234 · management and general $14,778 · fundraising $13,472

  • 20 · Interest

    total $3,104,879 · program services $0 · management and general $3,104,879 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $5,219,831 · program services $4,702,408 · management and general $470,896 · fundraising $46,527

  • 23 · Insurance

    total $677,090 · program services $0 · management and general $677,090 · fundraising $0

  • 24a · Other expenses: Raw Food

    total $1,255,636 · program services $0 · management and general $1,255,636 · fundraising $0

  • 24e · All other expenses

    total $4,308,281 · program services $2,305,089 · management and general $1,852,437 · fundraising $150,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,385,821 · end of year $10,230,183

  • 3 · Pledges and grants receivable

    beginning of year $3,469,699 · end of year $2,618,339

  • 4 · Accounts receivable

    beginning of year $865,875 · end of year $775,604

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $169,945 · end of year $57,996

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $223,107,783

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

    $100,071,081

  • 10c · Land, buildings and equipment, net

    beginning of year $125,663,383 · end of year $123,036,702

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $162,902,746 · end of year $167,950,006

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,759,328 · end of year $3,878,009

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,509,347 · end of year $8,852,265

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $53,693,912 · end of year $51,627,676

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $22,563,956 · end of year $21,336,231

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $16,471,376 · end of year $15,554,337

  • 27 · Net assets without donor restrictions

    beginning of year $61,504,244 · end of year $61,151,458

  • 28 · Net assets with donor restrictions

    beginning of year $138,473,962 · end of year $150,024,872

Mission and programs · 2023

Mission

Hendrix College cultivates empathy, creativity, self-understanding, rigorous inquiry, informed deliberation, and active learning across the liberal arts, toward the development of the whole person. Through engagement that links the classroom with the world, and a commitment to diversity, inclusion, justice, and sustainable living, the Hendrix community inspires students to lead lives of accomplishment, integrity, service, and joy.

  • Instruction (1050 Students)

    Expenses $15,170,747

  • Student Aid (1050 Students)

    Expenses $33,260,345

  • Student Services (1050 Students)

    Expenses $13,962,256

As filed on the 2023 return.

Listed in Part VII

  • Ellis Arnold

    Former President

    Total calculated
    $338,652
    From this org
    $338,652
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,652
    Bonus
    $0
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $13,473
    Filer's total
    $368,625

  • Karen Petersen

    President

    Total calculated
    $235,560
    From this org
    $235,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,560
    Bonus
    $0
    Other
    $0
    Deferred
    $10,958
    Nontaxable benefits
    $11,257
    Filer's total
    $257,775

  • Terri Bonebright

    Former Provost and Dean of the College

    Total calculated
    $203,064
    From this org
    $203,064
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,064
    Bonus
    $0
    Other
    $0
    Deferred
    $10,394
    Nontaxable benefits
    $13,389
    Filer's total
    $226,847

  • Thomas J Siebenmorgen

    Executive Vice President and CFO

    Total calculated
    $190,668
    From this org
    $190,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,668
    Bonus
    $0
    Other
    $0
    Deferred
    $10,055
    Nontaxable benefits
    $19,077
    Filer's total
    $219,800

  • Sam Nichols

    VP for Technology Services and CIO

    Total calculated
    $155,455
    From this org
    $155,455
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,455
    Bonus
    $0
    Other
    $0
    Deferred
    $8,238
    Nontaxable benefits
    $14,188
    Filer's total
    $177,881

  • Steven Cassell

    VP of Enrollment

    Total calculated
    $153,627
    From this org
    $153,627
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,627
    Bonus
    $0
    Other
    $0
    Deferred
    $8,337
    Nontaxable benefits
    $18,290
    Filer's total
    $180,254

  • David Sutherland

    Provost and Dean of the College

    Total calculated
    $152,949
    From this org
    $152,949
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,949
    Bonus
    $0
    Other
    $0
    Deferred
    $7,966
    Nontaxable benefits
    $14,184
    Filer's total
    $175,099

  • Jeremy Dickerson

    AVP for Enrollment and Director of Admission

    Total calculated
    $129,499
    From this org
    $129,499
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kesha Baoua

    VP for Diversity and Inclusion

    Total calculated
    $117,881
    From this org
    $117,881
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Timothy Mathis

    AVP of Business and Controller

    Total calculated
    $117,040
    From this org
    $117,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth S Small

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Reverend Roy P Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Darrin L Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ruth Bernabe

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Hayden Franks

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joe R Goyne III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Joe G Hollyfield

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bishop Laura Merrill

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Terry Joe Ticey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • William H Wilcox

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Susan Deboard

    Trusteee

    Total calculated
    $0
    Hours/week
    1

  • Luke B Duffield

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Reverend Mark Norman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Reverend Sara Pair

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Derrick Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barry Blake

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jo Ann Biggs

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Charles Chappell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kim Evans

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kenneth A Gunderman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jan N Hundley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr John C Byrd

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Latoya M Goree Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • R Eric Jackson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Marquita S Norman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Heather Gardner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr John C Robbins

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael D Malone

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carolyn L Miller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Henry E Neely

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Walter Owen Pryor

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Martin W Shell

    Trustee

    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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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)

Schedule J, Part I, Line 1a
Hendrix College provides Housing and Car Allowance for President.

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

No itemized grants to organizations on this return.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • The Village at Hendrix LLC

    Manage and sell real estate · AR · income -$24,505 · assets $2,882,858

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TVH Rowhouses

    Unrelated · Residential rental property · AR · 69.5% owned · share of income -$15,559 · share of assets $883,000

  • Mckennon Properties LLC

    Unrelated · Commercial and Residential Rental Real Estate · AR · 68.4% owned · share of income $27,651 · share of assets $1,382,427

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202521059349301312

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