Civic Intelligence

Hallmark University Inc.

990 • Fiscal year 2021 • EIN 45-4620000

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

9855 Westover Hills BlvdSan Antonio, TX 78251

(210) 690-9000

Siviq Scores

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

Liabilities / Assets

74th percentile

0.53x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

1.36x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

43rd percentile

7.9%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

37th percentile

$269,150

Higher top officer pay than 37% of similar nonprofits.

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

95th percentile

75%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

2.0%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$50,738,491

Up $21,768,079 (+75%) from 2020

Net Assets

Up

$23,703,600

Up $1,838,751 (+8.4%) from 2020

Liabilities

Up

$27,034,891

Up $19,929,328 (+280%) from 2020

Revenue

Up

$19,939,747

Up $392,733 (+2.0%) from 2020

Expenses

Up

$18,356,383

Up $516,995 (+2.9%) from 2020

Net Income

Down

$1,583,364

Down $124,262 (-7.3%) from 2020

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

2021

Assets$50,738,491
Liabilities$27,034,891
Net Assets$23,703,600

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

2021

Revenue$19,939,747
Expenses$18,356,383
Net Income$1,583,364
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$19,947,401
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, & conduct post- secondary, secondary, & primary institutions of learning under the influence of judeo-christian principles in san antonio, texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,004,794$20,250,278▲ $13,245,484
Cash and Non-Interest-Bearing Accounts$3,173,261$11,234,374▲ $8,061,113
Prepaid Expenses and Deferred Charges$507,628$884,925▲ $377,297
Savings and Temporary Cash Investments$1,073,989$830,274▼ $243,715
Accounts Receivable$1,246,563$686,051▼ $560,512
Investments in Publicly Traded Securities-$546,204-
Inventories for Sale or Use$74,373$97,836▲ $23,463
Pledges and Grants Receivable$6,700$64,241▲ $57,541
Total Assets$28,970,412$50,738,491▲ $21,768,079
Other Assets Total$15,883,104$16,144,308▲ $261,204
Liabilities
Tax Exempt Bond Liabilities$0$23,796,055▲ $23,796,055
Accounts Payable and Accrued Expenses$1,425,244$2,157,217▲ $731,973
Other Liabilities$5,349,171$566,797▼ $4,782,374
Deferred Revenue$331,148$514,822▲ $183,674
Total Liabilities$7,105,563$27,034,891▲ $19,929,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,808,308$23,505,284▲ $1,696,976
Net Assets With Donor Restrictions$56,541$198,316▲ $141,775
Total Net Assets Fund Balance$21,864,849$23,703,600▲ $1,838,751
Total Liabilities and Net Assets / Fund Balance$28,970,412$50,738,491▲ $21,768,079

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,398,397$319,190$15,717,587
Equipment$2,721,151$2,556,461$5,277,612
Buildings$1,708,753$3,565,399$5,274,152
Leasehold Improvements$421,977$346,934$768,911
Other Assets Org$716,384--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$56,541---$27,835
2020$282,325$15,500-$137,108$56,541
2019$113,725$239,600--$282,325
2018$117,645$57,000--$113,725
2017$56,995$82,650--$117,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe FisherCEOFT$260,510$8,640$269,150
Samuel BeaumontChief Operating OfficerFT$207,751$11,938$219,689
Taylor MercierChief Information OfficerFT$197,716$11,770$209,486
Roxanne DartyVP, Financial OperationsFT$184,991$8,791$193,782
Marion LeeKey EmployeeFT$158,490$1,110$159,600
Michael PhillipsUniversity ProvostFT$120,963$6,949$127,912
Adreain HenryKey EmployeeFT$113,431$10,253$123,684

Board Members and Trustees

NameTitle
Dean RushChairman/director
Paul NguyenVice Chair/director
Dr Sandra J WolffTreasurer/director
David MartinezTrustee/director
Dr Elizabeth ConklynTrustee/director
Dr Maria FerrierTrustee/director
Dr Vanessa KenonTrustee/director
Estela AveryTrustee/director
Jerry ValdezTrustee/director
Mary NelsonTrustee/director
Neal AskewTrustee/director
Rob LenzaTrustee/director
Robert LunaTrustee/director
Theodore Guidry IiTrustee/director
Tim LylesTrustee/director
William FisherTrustee/director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,807,993
Program Service Revenue
$17,329,193
Investment Income
$25,589
Other Revenue
$776,972
All Other Contributions
$403,311
Change in Net Assets
$1,583,364

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$35,552Fair Market Value (FMV)
Other Non Cash Contri Table2$10,291Fair Market Value (FMV)
Total Noncash Contributions5$45,843-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,079,844
Other Expenses$8,779,181
Grants and Similar Amounts Paid$497,358
Total Fundraising Expense$340,322
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,605,401$1,436,890$271,612$7,313,903
Advertising-$2,277,435-$2,277,435
Depreciation Depletion$1,905,234$319,840$17,349$2,242,423
Occupancy$930,179$163,015$10,461$1,103,655
Current Officers, Directors, Trustees, and Key Employees-$698,327-$698,327
Payroll Taxes$475,489$145,313$22,013$642,815
Interest-$596,949-$596,949
Information Technology-$535,000-$535,000
Grants to Domestic Individuals$497,358--$497,358
Office Expenses$52,298$393,556$8,406$454,260
Fees for Services Other$123,974$137,211$4,530$265,715
Other Employee Benefits$178,257$49,267$1,961$229,485
Pension Plan Contributions$90,999$101,280$3,035$195,314
Insurance-$148,839-$148,839
Other Expenses$47,011$139,542-$47,011
Fees for Services Legal-$46,511-$46,511
Fees for Services Accounting-$38,309-$38,309
Payment Travel Entrtnmnt Publicly Ofcl-$8,671-$8,671
Travel$2,663$1,165$955$4,783
Fees for Service Investment Mgmnt Fees-$1,116-$1,116
Total Functional Expenses$10,766,314$7,249,747$340,322$18,356,383
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$566,797

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of San Antonio Texas Education Facilities Corporation2021-11-10$23,550,000Purchasing land and renovating the existing buildingfor new main campus

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$24,160,201---
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 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

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.

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

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.

Form 990, Part VI, Section C, Line 19

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

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Dean rush - 26522 ashley ridge ln, katy, tx 77494. Paul nguyen - 11200 lago vista, helotes, tx 78023. David martinez - 4509 ben hogan dr, mcallen, tx 78503. Robert luna - 9639 mcculough ave, san antonio, tx 78216. Dr. Vanessa kenon - 25057 toutant beauregard rd, san antonio, tx 78255. Dr. Maria ferrier - 5526 king richard, san antonio, tx 78229. Tim lyles - p.o. Box 2489, universal city, tx 78148. Jerry valdez - po box 12031, austin, tx 78711. Neal askew - 13501 rr 12 #103, wimberley, tx 78676. Mary nelson - 1003 dos verdes, san antonio, tx 78258.

Filing and Contact Details

Filer

Filer Name
Hallmark University Inc
EIN
45-4620000
Phone
2106909000
Address
9855 WESTOVER HILLS BLVD, SAN ANTONIO, TX 78251

Signing Officer

Name
Joe Fisher
Title
CEO
Phone
2106909000
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Fisher
Formed
2012
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
220
Volunteers
16

Preparer

Firm
Salmon Sims Thomas & Associates Pllc
Address
12720 HILLCREST ROAD SUITE 500, DALLAS, TX 75230-2039
Preparer
William H Sims
Phone
9723921143
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

As of december 31, 2021, temporarily restricted net assets were restricted for use in the following programs: student scholarship funds $58,780 academic program development 7,492 time restriction - general operations 3,556 capital campaign 103,488 computer and equipment upgrades 25,000 total $198,316

PART X, LINE 2:

Management has concluded that any tax positions that would not meet the more-likely-than-not criterion of the fasb asc topib 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.

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IRS990/ActivityOrMissionDesc0ESTABLISH, MAINTAIN, & CONDUCT POST- SECONDARY, SECONDARY, & PRIMARY INSTITUTIONS OF LEARNING UNDER THE INFLUENCE OF JUDEO-CHRISTIAN PRINCIPLES IN SAN ANTONIO, TEXAS.
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IRS990/Desc0HALLMARK UNIVERSITY INC. PUTS STUDENTS IN CONTROL OF THEIR FUTURES, GUIDING THEM TO BETTER LIVES. THROUGH HANDS-ON AND CLASSROOM TRAINING, STUDENTS LEARN THE PROPER TOOLS AND TECHNIQUES REQUIRED TO BECOME SUCCESSFUL. COMPREHENSIVE COURSES GIVE STUDENTS VALUABLE TIME WORKING IN THEIR CHOSEN FIELD IN REAL-WORLD SETTINGS. THE UNIVERSITY HAS PROGRAMS IN AERONAUTICS, ALLIED HEALTH, BUSINESS, INFORMATION TECHNOLOGY AND NURSING.
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