Civic Intelligence

Hallmark University Inc.

990 • Fiscal year 2014 • EIN 45-4620000

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

10401 Ih 10 WestSuiteSan Antonio, TX 78230-1736

(210) 690-9000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.86x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

46th percentile

2.6%

Higher net margin than 46% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

31st percentile

$177,825

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

41st percentile

2.4%

Faster asset growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

18th percentile

-8.0%

Faster revenue growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Up

$29,520,621

Up $698,968 (+2.4%) from 2013

Net Assets

Up

$3,337,384

Up $369,980 (+12%) from 2013

Liabilities

Up

$26,183,237

Up $328,988 (+1.3%) from 2013

Revenue

Down

$14,073,984

Down $1,230,111 (-8.0%) from 2013

Expenses

Up

$13,704,004

Up $1,367,313 (+11%) from 2013

Net Income

Down

$369,980

Down $2,597,424 (-88%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2013: $28,821,653Liabilities 2013: $25,854,249Net Assets 2013: $2,967,4042013Assets 2014: $29,520,621Liabilities 2014: $26,183,237Net Assets 2014: $3,337,3842014Assets 2015: $29,153,114Liabilities 2015: $25,283,581Net Assets 2015: $3,869,5332015Assets 2016: $29,774,162Liabilities 2016: $24,996,414Net Assets 2016: $4,777,7482016Assets 2017: $28,128,150Liabilities 2017: $9,598,884Net Assets 2017: $18,529,2662017Assets 2018: $28,253,425Liabilities 2018: $8,659,346Net Assets 2018: $19,594,0792018Assets 2019: $28,764,186Liabilities 2019: $8,606,963Net Assets 2019: $20,157,2232019Assets 2020: $28,970,412Liabilities 2020: $7,105,563Net Assets 2020: $21,864,8492020Assets 2021: $50,738,491Liabilities 2021: $27,034,891Net Assets 2021: $23,703,6002021Assets 2022: $51,092,580Liabilities 2022: $26,913,545Net Assets 2022: $24,179,0352022Assets 2023: $49,829,474Liabilities 2023: $25,304,339Net Assets 2023: $24,525,1352023Assets 2024: $51,740,113Liabilities 2024: $26,687,561Net Assets 2024: $25,052,5522024

Highlighted filing

2014

Assets$29,520,621
Liabilities$26,183,237
Net Assets$3,337,384

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Revenue 2013: $15,304,095Expenses 2013: $12,336,691Net Income 2013: $2,967,4042013Revenue 2014: $14,073,984Expenses 2014: $13,704,004Net Income 2014: $369,9802014Revenue 2015: $15,286,982Expenses 2015: $14,754,833Net Income 2015: $532,1492015Revenue 2016: $14,943,530Expenses 2016: $14,035,315Net Income 2016: $908,2152016Revenue 2017: $35,537,553Expenses 2017: $21,786,035Net Income 2017: $13,751,5182017Revenue 2018: $15,673,621Expenses 2018: $14,608,808Net Income 2018: $1,064,8132018Revenue 2019: $16,543,409Expenses 2019: $15,980,265Net Income 2019: $563,1442019Revenue 2020: $19,547,014Expenses 2020: $17,839,388Net Income 2020: $1,707,6262020Revenue 2021: $19,939,747Expenses 2021: $18,356,383Net Income 2021: $1,583,3642021Revenue 2022: $21,246,627Expenses 2022: $20,704,546Net Income 2022: $542,0812022Revenue 2023: $19,011,159Expenses 2023: $18,729,516Net Income 2023: $281,6432023Revenue 2024: $18,994,165Expenses 2024: $18,502,856Net Income 2024: $491,3092024

Highlighted filing

2014

Revenue$14,073,984
Expenses$13,704,004
Net Income$369,980
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$14,073,984
Mission and Program Overview

Mission

Hallmark university, inc.'s mission is to: establish, maintain, and conduct post-secondary, secondary, and primary institutions of learning under the influence of judeo-christian principles in san antonio, texas, and elsewhere as may be deemed advisable. The organization and all of its agencies shall be nondiscriminatory - open to both sexes and to those of any race or religion; establishing educational and learning partnerships with industry; establishing institutions of excellence through a learning environment that promotes the importance of character and virtue in business, education, religion, research, arts, government, and community service; to obtain all accreditations and licenses required to participate in any united states department of education student loan and/or grant programs/ and to engage in any and all lawful activities incidental to the foregoing purposes.

ESTABLISH, MAINTAIN, AND CONDUCT POST- SECONDARY, SECONDARY, AND PRIMARY INSTITUTIONS OF LEARNING UNDER THE INFLUENCE OF JUDEO-CHRISTIAN PRINCIPLES IN SAN ANTONIO, TEXAs

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,267,843$2,832,560▲ $564,717
Land, Buildings, and Equipment, Net$1,264,081$1,270,246▲ $6,165
Savings and Temporary Cash Investments$925,441$720,030▼ $205,411
Cash and Non-Interest-Bearing Accounts$110,746$486,491▲ $375,745
Prepaid Expenses and Deferred Charges$111,216$148,376▲ $37,160
Inventories for Sale or Use$221,616$137,528▼ $84,088
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$28,821,653$29,520,621▲ $698,968
Other Assets Total$23,920,710$23,925,390▲ $4,680
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,432,024$24,432,024→ $0
Accounts Payable and Accrued Expenses$767,988$1,175,072▲ $407,084
Deferred Revenue$654,237$576,141▼ $78,096
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$25,854,249$26,183,237▲ $328,988
Net Assets / Fund Balance
Unrestricted Net Assets$2,967,404$3,307,634▲ $340,230
Temporarily Rstr Net Assets$0$29,750▲ $29,750
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,967,404$3,337,384▲ $369,980
Total Liabilities and Net Assets / Fund Balance$28,821,653$29,520,621▲ $698,968

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$703,553$258,590$962,143
Other Land Buildings$419,240$141,856$561,096
Leasehold Improvements$147,453$10,846$158,299
Other Assets Org$1,278,444--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014-$30,250--$29,750
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe FisherCEO/director/trusteeFT$167,490$10,335$177,825
Brent FesslerDirector/trusteeFT$134,466$10,831$145,297
Sonia RossVP- MarketingFT$122,080$5,907$127,987
Donald GregsonHighest Compensation EmployeeFT$111,875$1,225$113,100
Richard FesslerTrustee/directorPT$72,927$4,553$77,480
Carolyn FesslerDirector/trusteePT$6,635$2,275$8,910

Board Members and Trustees

NameTitle
Dean RushChairman/director
Jeff RogersVice Chairman/director
David MartinezDirector/trustee
Wb Chuck CarrollDirector/trustee
Phil HarrisSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$39,600
Program Service Revenue
$14,027,254
Investment Income
$7,130
Other Revenue
$0
All Other Contributions
$39,600
Change in Net Assets
$369,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,073,984
Total Revenue per Audited Statements
$14,073,984
Total Revenue per Form 990
$14,073,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,058,029
Other Expenses$6,543,880
Grants and Similar Amounts Paid$102,095
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,769,579$2,831,863-$5,601,442
Advertising-$1,869,389-$1,869,389
Occupancy-$1,290,229-$1,290,229
Office Expenses$571,424$490,161-$1,061,585
Other Expenses$605,545$653,533-$653,533
Current Officers, Directors, Trustees, and Key Employees-$650,599-$650,599
Payroll Taxes$257,903$301,890-$559,793
Interest-$482,003-$482,003
Depreciation Depletion-$216,930-$216,930
Other Employee Benefits$68,299$95,669-$163,968
Fees for Services Other-$99,735-$99,735
Insurance-$97,846-$97,846
Pension Plan Contributions$38,695$43,532-$82,227
Grants to Domestic Orgs$62,945--$62,945
Fees for Services Legal-$43,803-$43,803
Fees for Services Accounting-$40,058-$40,058
Grants to Domestic Individuals$39,150--$39,150
Travel$4,058$26,614-$30,672
Information Technology-$28,320-$28,320
Conferences and Meetings$4,817$19,415-$24,232
Total Functional Expenses$4,422,415$9,281,589$0$13,704,004

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,704,004
Total Expenses per Audited Statements$13,704,004
Total Expenses per Form 990$13,704,004
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oakhills Church of ChristSan Antonio, TX501(c)(3)General Support$21,000
Worldwide Missionary Evangelism IncFort Smith, AR501(c)(3)General Support$16,000
Intercessors InternationalBulverde, TX501(c)(3)General Support$10,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hallmark Aero-techSee Supplemental PageNote Payable to PurchaseNo$24,432,024
Fidelia LpSee Supplemental PageRentNo$364,650
ContinuationSee Supplemental PageIntangiblesNo$207,394
Ephraim LpSee Supplmental PageRentNo$179,607
Dearborne LpSee Supplemental PageRentNo$42,000
Million Air San Antonio-Admin Fees for Facilities--

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hallmark University Inc
EIN
45-4620000
In Care Of
% JOE FISHER
Phone
2106909000
Address
10401 IH 10 WEST, Suite, SAN ANTONIO, TX 78230-1736

Signing Officer

Name
Richard H Fessler
Title
Director
Phone
2106909000
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Fisher CEO
Formed
2012
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
5
Employees
217
Volunteers
0

Preparer

Firm
Salmon Sims Thomas & Assoc Pllc
Address
12720 HILLCREST RD SUITE 500, DALLAS, TX 75230
Preparer
Ronald W Salmon
Phone
2106909000
Supplemental Narrative

Additional Explanations

BOARD RELATIONSHIPS:

Director name: richard fessler related director: carolyn fessler relationship: family relationship director name: richard fessler related director: brent fessler relationship: family relationship director name: carolyn fessler related director: brent fessler relationship: family relationship

990 REVIEW PROCESS:

Form 990 is reviewed for accuracy and completeness by Hallmark university's VP of Finance and CEO. A copy of the Form 990 was provided to each member of the Board of Trustees before filing with the IRS.

CONFLICT OF INTEREST POLICY:

The board of directors are required to complete and sign a conflict of interest statement on a yearly basis.

COMPENSATION:

An independent CPA fIrm compiled compensation data from comparable Organizations; data was submitted to the Board of Trustees' compensation committee. After reviewing the compensation data, the committee authorized salaries for the organization's CEO, other officers, and key employees. 5-year contracts were executed for the authorized compensation, for all applicable employees.

PUBLIC DISCLOSURE:

The organization's conflict of interest policy, governing documents and financial statements are available to the public upon request.

BOARD MEMBER ADDRESSES:

Jeff rogers 420 mountain springs drive boerne, tx 78006 dean rush 1703 katy shadow lane katy, tx 77494 phil harris 13114 creek briar san antonio, tx 78230 david martinez 1001 s. 10th street pmb 566 ste. G mcallen, tx 78501 dr. Chuck carroll 17822 salado draw san antonio, tx 78258

Financial Statement Notes

FIN 48 FOOTNOTE:

Management has concluded that any tax positions that would not meet the more-likely-than-not criterion of the FASB ASC Topic 740- 10, Accounting for Income Taxes, would be immaterial to the financial statements taken as a whole. Accordingly, the accompanying financial statements do not include any provision for uncertain tax positions, and no amounts have been accrued in the statement of financial position. Federal and state tax returns of the entity are generally open to examination by the relevant taxing authorities for a period of three years from the date the returns are filed.

ENDOWMENT FUNDS:

As December 31, 2014, temporarily restricted net assets were Restricted for use in the following programs: Student scholarship funds $ 10,250 Training aircraft for A&P Maintenance program 19,500 ========= TOTAL $ 29,750

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE/DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO/DIRECTOR/TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9VP- MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt10HIGHEST COMPENSATION EMPLOYEE
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IRS990/MissionDesc0HALLMARK UNIVERSITY, INC.'S MISSION IS TO: ESTABLISH, MAINTAIN, AND CONDUCT POST-SECONDARY, SECONDARY, AND PRIMARY INSTITUTIONS OF LEARNING UNDER THE INFLUENCE OF JUDEO-CHRISTIAN PRINCIPLES IN SAN ANTONIO, TEXAS, AND ELSEWHERE AS MAY BE DEEMED ADVISABLE. THE ORGANIZATION AND ALL OF ITS AGENCIES SHALL BE NONDISCRIMINATORY - OPEN TO BOTH SEXES AND TO THOSE OF ANY RACE OR RELIGION; ESTABLISHING EDUCATIONAL AND LEARNING PARTNERSHIPS WITH INDUSTRY; ESTABLISHING INSTITUTIONS OF EXCELLENCE THROUGH A LEARNING ENVIRONMENT THAT PROMOTES THE IMPORTANCE OF CHARACTER AND VIRTUE IN BUSINESS, EDUCATION, RELIGION, RESEARCH, ARTS, GOVERNMENT, AND COMMUNITY SERVICE; TO OBTAIN ALL ACCREDITATIONS AND LICENSES REQUIRED TO PARTICIPATE IN ANY UNITED STATES DEPARTMENT OF EDUCATION STUDENT LOAN AND/OR GRANT PROGRAMS/ AND TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES INCIDENTAL TO THE FOREGOING PURPOSES.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0163968
IRS990/OtherExpensesGrp/Desc0BOOKS
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0148376
IRS990/PrincipalOfficerNm0JOE FISHER CEO
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTANGIBLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2GOODWILL
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has concluded that any tax positions that would not meet the more-likely-than-not criterion of the FASB ASC Topic 740- 10, Accounting for Income Taxes, would be immaterial to the financial statements taken as a whole. Accordingly, the accompanying financial statements do not include any provision for uncertain tax positions, and no amounts have been accrued in the statement of financial position. Federal and state tax returns of the entity are generally open to examination by the relevant taxing authorities for a period of three years from the date the returns are filed.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1As December 31, 2014, temporarily restricted net assets were Restricted for use in the following programs: Student scholarship funds $ 10,250 Training aircraft for A&P Maintenance program 19,500 ========= TOTAL $ 29,750
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 FOOTNOTE:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1ENDOWMENT FUNDS:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt023925390
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IRS990ScheduleD/TotalLiabilityAmt00
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false

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