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Nonprofiteer
← HODGES UNIVERSITY INC

Form 990 for tax year 2024

Filed by HODGES UNIVERSITY INC.

Totals

Total revenue
$1,395,978
Total expenses
$3,263,076
Contributions and grants received
$0
Grants paid
$5,137
Program service revenue
$1,021,899
Investment income
$371,841
Other revenue
$2,238
Total assets, end of year
$10,872,044
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,872,044
Program services expenses (Part IX)
$1,870,624
Management and general expenses
$1,354,890
Fundraising expenses
$37,562
Program service expenses (Part III)
$1,870,624

Program services were 57.3% 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 $1,021,899 · related or exempt $1,021,899

  • 3 · Investment income

    total $266,864 · excluded $266,864

  • 7a · Gross sales of assets other than inventory

    other assets $104,977

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

    other assets $0

  • 7c · Gain or loss

    other assets $104,977

  • 7d · Net gain or loss

    total $104,977 · excluded $104,977

  • 11a · Other revenue: LIBRARY RESOURCES REFU

    total $1,831 · excluded $1,831

  • 11b · Other revenue: DIGITAL MARKETING REFU

    total $407 · excluded $407

  • 11e · Other revenue, total

    $2,238

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,137 · program services $5,137

  • 5 · Compensation of officers, directors and key employees

    total $1,257,655 · program services $1,157,043 · management and general $75,459 · fundraising $25,153

  • 7 · Other salaries and wages

    total $505,174 · program services $469,355 · management and general $24,796 · fundraising $11,023

  • 9 · Other employee benefits

    total $19,121 · program services $17,592 · management and general $1,147 · fundraising $382

  • 10 · Payroll taxes

    total $91,913 · program services $79,964 · management and general $11,030 · fundraising $919

  • 11b · Fees: legal

    total $68,063 · management and general $68,063

  • 11c · Fees: accounting

    total $171,671 · management and general $171,671

  • 11g · Fees: other

    total $134,993 · program services $99,638 · management and general $35,355

  • 13 · Office expenses

    total $1,418 · program services $15 · management and general $1,391 · fundraising $12

  • 14 · Information technology

    total $848,288 · management and general $848,288

  • 16 · Occupancy

    total $54,573 · program services $10,234 · management and general $44,339

  • 17 · Travel

    total $17,118 · program services $14,502 · management and general $2,616

  • 23 · Insurance

    total $70,648 · management and general $70,648

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $15,630 · program services $15,630

  • 24b · Other expenses: OTHER EXPENSES

    total $1,045 · program services $919 · management and general $59 · fundraising $67

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $629 · program services $595 · management and general $28 · fundraising $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,530,270 · end of year $679,652

  • 4 · Accounts receivable

    beginning of year $476,750 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,342 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,000,000

  • 11 · Investments: publicly traded securities

    beginning of year $9,758,104 · end of year $10,192,392

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,670

  • 19 · Deferred revenue

    beginning of year $145,347

  • 27 · Net assets without donor restrictions

    beginning of year $8,584,500 · end of year $7,523,995

  • 28 · Net assets with donor restrictions

    beginning of year $3,936,949 · end of year $3,348,049

Mission and programs · 2024

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 WILL BE RECOGNIZED FOR EXCELLENCE IN CAREER-FOCUSED INCLUSIVE EDUCATION AND COMMUNITY ENGAGEMENT. HODGES UNIVERSITY, A PRIVATE, NONPROFIT INSTITUTION OF HIGHER LEARNING, IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES TO AWARD ASSOCIATE, BACHELOR'S, AND MASTER'S DEGREES.THE UNIVERSITY OFFERS FLEXIBLE SCHEDULES OF DAY, EVENING AND ONLINE CLASSES, CAREER COUNSELING, AND HANDS-ON SUPPORT FROM A HIGHLY QUALIFIED FACULTY. ALL OF THESE FACTORS CULMINATE TO PRODUCE A LEARNING ENVIRONMENT UNLIKE ANY OTHER INSTITUTION IN THE REGION.CONTINUED ON SCHEDULE ODEGREES:5 MASTER'S DEGREES 15 BACHELOR'S DEGREES 3 ASSOCIATES IN ARTS DEGREE8 ASSOCIATE IN SCIENCE DEGREES3 GRADUATE CERTIFICATE PROGRAMS16 UNDERGRADUATE CERTIFICATE PROGRAMSCONTINUING EDUCATION:ENGLISH AS A SECOND LANGUAGE CERTIFICATE PROGRAMHODGES UNIVERSITY SCHOOLS:FISHER SCHOOL OF TECHNOLOGYJOHNSON SCHOOL OF BUSINESSNICHOLS SCHOOL OF PROFESSIONAL STUDIESSCHOOL OF HEALTH SCIENCESSCHOOL OF GENERAL STUDIESTHE UNIVERSITY ENDED THEIR ACADEMIC PROGRAMS AS OF AUGUST 31, 2024.

    Expenses $1,870,624 · Grants $5,137 · Revenue $1,021,899

As filed on the 2024 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

  • JERRY MCHALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TYLER PATAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLENE WENDEL

    PRESIDENT

    Total calculated
    $680,251
    From this org
    $625,572
    From related orgs
    $0
    Other
    $54,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,572
    Bonus
    $200,000
    Other
    $0
    Deferred
    $46,000
    Nontaxable benefits
    $8,679
    Filer's total
    $680,251

  • LINDA NGUYEN

    TREASURER

    Total calculated
    $270,879
    From this org
    $232,164
    From related orgs
    $0
    Other
    $38,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,896
    Bonus
    $78,268
    Other
    $0
    Deferred
    $17,986
    Nontaxable benefits
    $20,729
    Filer's total
    $270,879

  • DIANA SCHULTZ

    PROVOST

    Total calculated
    $206,392
    From this org
    $156,011
    From related orgs
    $0
    Other
    $50,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,071
    Bonus
    $35,940
    Other
    $0
    Deferred
    $24,440
    Nontaxable benefits
    $25,941
    Filer's total
    $206,392

  • NICOLE HURLEY

    DIRECTOR OF STUDENT RECORDS

    Total calculated
    $161,651
    From this org
    $137,087
    From related orgs
    $0
    Other
    $24,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,087
    Bonus
    $0
    Other
    $0
    Deferred
    $15,662
    Nontaxable benefits
    $8,902
    Filer's total
    $161,651

  • RONALD MESCHKO

    PROGRAM DIRECTOR - IT

    Total calculated
    $146,733
    From this org
    $120,857
    From related orgs
    $0
    Other
    $25,876
    Hours/week
    40

  • WILLIAM BULLOCK

    CHIEF OF STAFF

    Total calculated
    $138,267
    From this org
    $118,189
    From related orgs
    $0
    Other
    $20,078
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202532959349300333

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