Civic Intelligence

Hendrix College

990 • Fiscal year 2014 • EIN 71-0236897

Jun 01, 2013 to May 31, 2014 • Filed on Apr 14, 2015

1600 Washington Ave72032

(501) 450-1333

Siviq Scores

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

Liabilities / Assets

50th percentile

0.35x

Higher debt load relative to assets than 50% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

1.26x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Net Margin

9th percentile

-6.3%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

35th percentile

$593,569

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Asset Growth

28th percentile

2.3%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

75th percentile

13%

Faster revenue growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Assets

Up

$289,318,735

Up $6,587,287 (+2.3%) from 2013

Net Assets

Up

$187,697,453

Up $4,307,975 (+2.3%) from 2013

Liabilities

Up

$101,621,282

Up $2,279,312 (+2.3%) from 2013

Revenue

Up

$80,789,073

Up $9,080,370 (+13%) from 2013

Expenses

Up

$85,840,904

Up $4,725,172 (+5.8%) from 2013

Net Income

Up

-$5,051,831

Up $4,355,198 (+46%) from 2013

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $265,881,809Liabilities 2010: $93,713,989Net Assets 2010: $172,167,8202010Assets 2011: $279,119,876Liabilities 2011: $89,353,960Net Assets 2011: $189,765,9162011Assets 2012: $260,759,645Liabilities 2012: $88,106,278Net Assets 2012: $172,653,3672012Assets 2013: $282,731,448Liabilities 2013: $99,341,970Net Assets 2013: $183,389,4782013Assets 2014: $289,318,735Liabilities 2014: $101,621,282Net Assets 2014: $187,697,4532014Assets 2015: $308,593,311Liabilities 2015: $106,810,320Net Assets 2015: $201,782,9912015Assets 2016: $293,571,394Liabilities 2016: $103,749,278Net Assets 2016: $189,822,1162016Assets 2017: $303,310,391Liabilities 2017: $106,486,166Net Assets 2017: $196,824,2252017Assets 2018: $321,611,581Liabilities 2018: $112,282,122Net Assets 2018: $209,329,4592018Assets 2019: $305,337,825Liabilities 2019: $115,130,330Net Assets 2019: $190,207,4952019Assets 2020: $295,762,226Liabilities 2020: $119,636,275Net Assets 2020: $176,125,9512020Assets 2021: $336,428,695Liabilities 2021: $116,194,665Net Assets 2021: $220,234,0302021Assets 2022: $318,329,586Liabilities 2022: $106,184,162Net Assets 2022: $212,145,4242022Assets 2023: $300,216,797Liabilities 2023: $100,238,591Net Assets 2023: $199,978,2062023Assets 2024: $308,546,839Liabilities 2024: $97,370,509Net Assets 2024: $211,176,3302024

Highlighted filing

2014

Assets$289,318,735
Liabilities$101,621,282
Net Assets$187,697,453

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $65,351,1092010Revenue 2011: $73,739,924Expenses 2011: $73,341,186Net Income 2011: $398,7382011Expenses 2012: $74,558,5312012Revenue 2013: $71,708,703Expenses 2013: $81,115,732Net Income 2013: -$9,407,0292013Revenue 2014: $80,789,073Expenses 2014: $85,840,904Net Income 2014: -$5,051,8312014Revenue 2015: $105,177,448Expenses 2015: $90,794,330Net Income 2015: $14,383,1182015Revenue 2016: $81,085,346Expenses 2016: $85,021,055Net Income 2016: -$3,935,7092016Revenue 2017: $81,828,622Expenses 2017: $90,365,077Net Income 2017: -$8,536,4552017Revenue 2018: $100,615,476Expenses 2018: $88,973,364Net Income 2018: $11,642,1122018Revenue 2019: $94,138,967Expenses 2019: $90,979,112Net Income 2019: $3,159,8552019Revenue 2020: $79,351,340Expenses 2020: $84,297,121Net Income 2020: -$4,945,7812020Revenue 2021: $88,969,197Expenses 2021: $87,517,067Net Income 2021: $1,452,1302021Revenue 2022: $98,419,951Expenses 2022: $87,649,795Net Income 2022: $10,770,1562022Revenue 2023: $97,458,898Expenses 2023: $84,270,905Net Income 2023: $13,187,9932023Revenue 2024: $89,248,247Expenses 2024: $83,569,066Net Income 2024: $5,679,1812024

Highlighted filing

2014

Revenue$80,789,073
Expenses$85,840,904
Net Income-$5,051,831
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Apr 14, 2015
Return Version
2013v4.0
Gross Receipts
$111,301,561
Mission and Program Overview

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.

Hendrix College, a private, undergraduate institution of the liberal arts related to the United Methodist Church, offers distinguished academic programs in a residential, coeducational setting. As a collegiate community, Hendrix is dedicated to the cultivation of whole persons through the transmission of knowledge, the refinement of intellect, the development of character, and the encouragement of a concern for worthy values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$151,343,373$156,218,196▲ $4,874,823
Land, Buildings, and Equipment, Net$115,820,829$119,938,145▲ $4,117,316
Pledges and Grants Receivable$5,115,188$4,496,068▼ $619,120
Other Notes and Loans Receivable, Net$1,516,657$1,478,335▼ $38,322
Accounts Receivable$743,987$1,017,528▲ $273,541
Savings and Temporary Cash Investments$2,802,852$833,619▼ $1,969,233
Receivables From Officers Etc$110,328--
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$282,731,448$289,318,735▲ $6,587,287
Other Assets Total$5,278,234$5,336,844▲ $58,610
Liabilities
Tax Exempt Bond Liabilities$66,850,170$69,255,000▲ $2,404,830
Other Liabilities$16,990,273$17,825,108▲ $834,835
Accounts Payable and Accrued Expenses$7,259,246$7,120,418▼ $138,828
Mortgage Notes Payable Secured by Investment Property$7,220,974$6,662,867▼ $558,107
Deferred Revenue$1,021,307$757,889▼ $263,418
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$99,341,970$101,621,282▲ $2,279,312
Net Assets / Fund Balance
Unrestricted Net Assets$80,679,086$84,722,845▲ $4,043,759
Permanently Rstr Net Assets$64,051,028$65,537,453▲ $1,486,425
Temporarily Rstr Net Assets$38,659,364$37,437,155▼ $1,222,209
Total Net Assets Fund Balance$183,389,478$187,697,453▲ $4,307,975
Total Liabilities and Net Assets / Fund Balance$282,731,448$289,318,735▲ $6,587,287

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$112,150,801$34,177,406$146,328,207
Equipment$3,937,676$15,714,343$19,652,019
Other Land Buildings$3,152,904$6,306,333$9,459,237
Land$696,764-$696,764
Leasehold Improvements$0$0$0
Other Securities$156,218,196--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$145,440,428$2,666,653▲ $10,564,531$0$150,356,616
2012$132,069,484$3,816,827▲ $18,074,753$0$145,440,428
2011$147,909,251$2,894,263▼ $10,399,280$0$132,069,484
2010$123,156,850$4,292,721▲ $28,159,230$0$147,909,251
2009$114,804,382$4,955,547▲ $10,000,000$0$123,156,850
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Timothy CloydProfessorFT$593,569$29,782$623,351
Ellis ArnoldExecutive Vice President and Dean of Institutional AdvancementFT$262,443$33,036$295,479
Robert L EntzmingerProvost and Dean of the CollegeFT$176,490$20,672$197,162
Thomas J SiebenmorgenExecutive Vice President and CFOFT$165,089$25,559$190,648
David HinsonChief Information OfficerFT$158,920$16,707$175,627
Karen R FoustVice President for Enrollment and Dean of Admission and Financial AidFT$153,159$14,120$167,279
Lawrence FinnDirector of Construction DevelopmentFT$129,894$32,597$162,491
Frank CoxEVP of CommunicationsFT$147,224$12,336$159,560
Edward F DavisCEO of Village at Hendrix, LLCFT$130,213-$130,213
Joyce HardinProfessorFT$117,794-$117,794
Kevin BraswellVP of DevelopmentFT$115,432-$115,432
Jim WiltgenVice President for Student AffairsFT$88,900-$88,900

Highest Paid Contractors

ContractorServicesLocationCompensation
East Harding IncConstruction Services-$3,772,556
Nabholz Construction CorpConstruction-$3,559,543
Bret Franks Construction CoConstruction Services-$1,659,309
Gardner Custom Homes IncConstruction Services-$1,638,115
US FoodserviceFood Supplier-$993,128
Revenue and Support

Revenue Composition

Contributions and Grants
$7,201,335
Program Service Revenue
$65,209,089
Investment Income
$7,987,504
Other Revenue
$391,145
All Other Contributions
$5,095,026
Change in Net Assets
$-5,051,831

Audited Revenue Reconciliation

Revenue per Audited Statements
$80,789,073
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-14,871,428
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$65,917,645
Total Revenue per Form 990
$80,789,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$35,057,088
Salaries, Compensation, and Employee Benefits$28,931,767
Other Expenses$21,852,049
Total Fundraising Expense$1,855,613
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$35,057,088--$35,057,088
Other Salaries and Wages$12,803,695$5,996,693$887,195$19,687,583
All Other Expenses$2,168,647$4,350,158$539,379$7,058,184
Other Employee Benefits$1,849,754$3,135,861$195,078$5,180,693
Depreciation Depletion$3,918,296$392,376$38,769$4,349,441
Interest$0$3,031,492$0$3,031,492
Occupancy$1,901,953$72,313$0$1,974,266
Office Expenses$1,041,319$522,113$16,684$1,580,116
Payroll Taxes$890,406$500,862$78,102$1,469,370
Travel$1,113,119$207,658$12,576$1,333,353
Current Officers, Directors, Trustees, and Key Employees$299,598$1,031,278$0$1,330,876
Pension Plan Contributions$777,678$416,704$68,863$1,263,245
Information Technology$0$762,599$0$762,599
Fees for Service Investment Mgmnt Fees$0$717,140$0$717,140
Insurance$0$492,547$0$492,547
Conferences and Meetings$210,631$188,903$18,967$418,501
Fees for Services Accounting$0$101,255$0$101,255
Advertising$0$20,826$0$20,826
Fees for Services Legal$0$12,329$0$12,329
Total Functional Expenses$62,032,184$21,953,107$1,855,613$85,840,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$85,840,904
Total Expenses per Form 990$85,840,904
Total Expenses per Audited Statements$58,942,053
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Expenses Not Reported on Form 990$-26,898,851
International Activity

International Summary

Offices
0
Employees
1
Spending
$176,898

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Program Services-01$176,898
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$110,328--
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accumulated Post Retirement Benefit Obligation$13,530,080
Annuities Payable$4,295,028

Bond Issues

BondIssuerIssuedIssue PricePurpose
B71-05036412012-08-07$45,030,066Refinance Existing Debt and Capital Improvements
A72-02368972008-05-20$23,680,929Capital Improvements
C71-05036412012-08-27$8,105,000Athletics Facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$45,270,000$0$34,518,374$477,110
A$23,925,000$0$0$358,328
C$8,105,000$0$0$61,456

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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

Governance Explanations

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

The 990 will be circulated to the Executive Compensation Committee for review, once it has been approved and filed the return will be provided to the Board of Trustees.

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

The Board of Trustees provides a list of related interests that could rise to a conflict of interest. The Business Office will review these along with the accounts payable records to determine if any transactions occurred that need to be disclosed.

Form 990, Part VI, Section B, Line 15

For other top executives and officers, the President consults benchmarking information and consults with the VP of Human Resources.

Form 990, Part VI, Section C, Line 19

All statements are available upon request.

Filing and Contact Details

Filer

EIN
71-0236897
Phone
5014501333

Signing Officer

Name
Shawn Mathis
Title
AVP for Business & Finance
Phone
5014501333
Signed
2015-04-14

Organization Details

Principal Officer
Ellis Arnold
Formed
1876
Legal Domicile
Ar
Voting Board Members
42
Independent Board Members
41
Employees
1,548
Volunteers
42
Supplemental Narrative

Financial Statement Notes

Schedule D, Part III, Line 1

Collections, which were acquired through contributions since the College's inception consists of works of art, historical treasures and similar assets. Collections are not capitalized in as much as the items are preserved and cared for continuously.

Schedule D, Part III, Line 4

From time to time, the College will receive pieces of artwork, Part of the College's mission is to develop the whole person. A respect for art is one way to develop and cultivate the completeness of our students, staff and general public.

Schedule D, Part V, Line 4

The College's endowment provides for the long-term viability of the College. The Endowment is key in inter-generational equity. We should be providing for our students of today while balancing the need to support future generations. The Endowment allows the College to reduce the burden on families by providing annual support for the College's programs.

Schedule D, Part X, Line 2

In accordance with Financial Accounting Standards Board (FASB) Staff Position No. FIN 48-3, the College and Foundation have elected to defer the effective date of the FASB interpretation No. 48 (FIN 48), Accounting for Uncertainity in Income Taxes until its fiscal year ended May 31, 2010. The College and Foundation have continued to account for any uncertain tax positions in accordance with literature that was authoritative immediately prior to the effective date of FIN 48, such as FASB Statement No. 10, Accounting for Income Taxes, and FASB Statement No. 5, Accounting for Contingencies.

Schedule D, Part XI, Line 2D

Adjustment of student financial aid (32,994,170), Hendrix Murphy Foundation Income (-3,337,442), and Cost of Inventory Sales (-5,415,394), CMCJC contributions (-10,100)

Schedule D, Part XII, Line 2D

Adjustment for student financial aid (32,994,170), Hendrix Murphy Foundation expenses (-632,475), Cost of Inventory sales (-5,415,394), and minority interest (), CMCJC expenses (-47,450).

Raw XML AppendixShowing 400 of 1,449 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Margaret Dorman
IRS990/Form990PartVIISectionAGrp/PersonNm1Randy Wilbourn
IRS990/Form990PartVIISectionAGrp/PersonNm2Judge William R Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr Henry Neely
IRS990/Form990PartVIISectionAGrp/PersonNm4Dr Joseph Bates
IRS990/Form990PartVIISectionAGrp/PersonNm5Ms Jo Ann Biggs
IRS990/Form990PartVIISectionAGrp/PersonNm6David Knight
IRS990/Form990PartVIISectionAGrp/PersonNm7Mr Allen McGee
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr R Madison Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Larry Pearce
IRS990/Form990PartVIISectionAGrp/PersonNm10Martin Rhodes
IRS990/Form990PartVIISectionAGrp/PersonNm11Mr Albert Braunfisch
IRS990/Form990PartVIISectionAGrp/PersonNm12Mrs Elizabeth Small
IRS990/Form990PartVIISectionAGrp/PersonNm13Reverend Vic Nixon
IRS990/Form990PartVIISectionAGrp/PersonNm14Reverend Roy P Smith
IRS990/Form990PartVIISectionAGrp/PersonNm15Dr Russell Wood
IRS990/Form990PartVIISectionAGrp/PersonNm16Theo Bunting
IRS990/Form990PartVIISectionAGrp/PersonNm17Paul Craig
IRS990/Form990PartVIISectionAGrp/PersonNm18Roger King
IRS990/Form990PartVIISectionAGrp/PersonNm19Dr Michael Maling
IRS990/Form990PartVIISectionAGrp/PersonNm20Ms Julia P Mobley
IRS990/Form990PartVIISectionAGrp/PersonNm21Mr Charles D Morgan
IRS990/Form990PartVIISectionAGrp/PersonNm22Mr Terry Joe Ticey
IRS990/Form990PartVIISectionAGrp/PersonNm23Mrs Ruth H Bernabe
IRS990/Form990PartVIISectionAGrp/PersonNm24Mr Bracken Darrell
IRS990/Form990PartVIISectionAGrp/PersonNm25Reverend William B Smith
IRS990/Form990PartVIISectionAGrp/PersonNm26Dr Charles Chappell
IRS990/Form990PartVIISectionAGrp/PersonNm27Mr William H Wilcox

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$309$97.4$211$89.2$83.6$5.68
2023Detailed filing. Detailed filing data is available for this year.$300$100$200$97.5$84.3$13.2
2022Detailed filing. Detailed filing data is available for this year.$318$106$212$98.4$87.6$10.8
2021Detailed filing. Detailed filing data is available for this year.$336$116$220$89.0$87.5$1.45
2020Detailed filing. Detailed filing data is available for this year.$296$120$176$79.4$84.3$4.95
2019Detailed filing. Detailed filing data is available for this year.$305$115$190$94.1$91.0$3.16
2018Detailed filing. Detailed filing data is available for this year.$322$112$209$101$89.0$11.6
2017Detailed filing. Detailed filing data is available for this year.$303$106$197$81.8$90.4$8.54
2016Detailed filing. Detailed filing data is available for this year.$294$104$190$81.1$85.0$3.94
2015Detailed filing. Detailed filing data is available for this year.$309$107$202$105$90.8$14.4
2014Detailed filing. Detailed filing data is available for this year.$289$102$188$80.8$85.8$5.05
2013Summary only. Only limited summary data is available for this year.$283$99.3$183$71.7$81.1$9.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$261$88.1$173$74.6
2011Summary only. Only limited summary data is available for this year.$279$89.4$190$73.7$73.3$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$266$93.7$172$65.4