Civic Intelligence

Hendrix College

990 • Fiscal year 2016 • EIN 71-0236897

Jun 01, 2015 to May 31, 2016 • Filed on Apr 12, 2017

1600 Washington AveConway, AR 72032

(501) 450-1333

Siviq Scores

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

Liabilities / Assets

51st percentile

0.35x

Higher debt load relative to assets than 51% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

1.28x

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

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Net Margin

17th percentile

-4.9%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

13th percentile

$340,251

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Asset Growth

13th percentile

-4.9%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-23%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Down

$293,571,394

Down $15,021,917 (-4.9%) from 2015

Net Assets

Down

$189,822,116

Down $11,960,875 (-5.9%) from 2015

Liabilities

Down

$103,749,278

Down $3,061,042 (-2.9%) from 2015

Revenue

Down

$81,085,346

Down $24,092,102 (-23%) from 2015

Expenses

Down

$85,021,055

Down $5,773,275 (-6.4%) from 2015

Net Income

Down

-$3,935,709

Down $18,318,827 (-127%) from 2015

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

2016

Assets$293,571,394
Liabilities$103,749,278
Net Assets$189,822,116

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

2016

Revenue$81,085,346
Expenses$85,021,055
Net Income-$3,935,709
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Apr 12, 2017
Return Version
2015v3.0
Gross Receipts
$118,659,781
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$157,793,020$159,727,367▲ $1,934,347
Land, Buildings, and Equipment, Net$116,810,082$113,218,663▼ $3,591,419
Pledges and Grants Receivable$23,759,194$11,525,475▼ $12,233,719
Savings and Temporary Cash Investments$2,750,729$1,887,693▼ $863,036
Other Notes and Loans Receivable, Net$1,329,413$1,239,007▼ $90,406
Accounts Receivable$895,039$1,073,851▲ $178,812
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$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$308,593,311$293,571,394▼ $15,021,917
Other Assets Total$5,255,834$4,899,338▼ $356,496
Liabilities
Tax Exempt Bond Liabilities$66,441,029$64,355,018▼ $2,086,011
Other Liabilities$23,589,784$22,636,806▼ $952,978
Mortgage Notes Payable Secured by Investment Property$8,657,616$9,934,593▲ $1,276,977
Accounts Payable and Accrued Expenses$6,659,240$4,916,671▼ $1,742,569
Deferred Revenue$1,462,651$1,906,190▲ $443,539
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$106,810,320$103,749,278▼ $3,061,042
Net Assets / Fund Balance
Permanently Rstr Net Assets$91,864,446$92,163,538▲ $299,092
Unrestricted Net Assets$73,412,800$63,191,521▼ $10,221,279
Temporarily Rstr Net Assets$36,505,745$34,467,057▼ $2,038,688
Total Net Assets Fund Balance$201,782,991$189,822,116▼ $11,960,875
Total Liabilities and Net Assets / Fund Balance$308,593,311$293,571,394▼ $15,021,917

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$106,604,296$41,027,800$147,632,096
Equipment$2,974,813$17,239,778$20,214,591
Other Land Buildings$2,843,221$7,010,192$9,853,413
Land$796,333-$796,333
Leasehold Improvements$0$0$0
Other Securities$159,727,367--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$155,523,389$17,596,268▼ $4,692,290$0$159,727,367
2014$150,356,616$7,169,486▲ $6,497,287$0$155,523,389
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William M TsuitsuiPresidentFT$340,251$34,216$374,467
Ellis ArnoldExecutive Vice President and Dean of Institutional AdvancementFT$253,263$31,707$284,970
Frank CoxEVP of CommunicationsFT$230,975$3,248$234,223
Terri L BonebrightProvost and Dean of the CollegeFT$188,833$23,157$211,990
Thomas J SiebenmorgenExecutive Vice President and CFOFT$173,849$26,318$200,167
Courtney CorwinChief of StaffFT$174,389$20,298$194,687
Karen R FoustVice President for Enrollment and Dean of Admission and Financial AidFT$169,629$14,829$184,458
Joyce HardinProfessorFT$123,933-$123,933
J Timothy CloydProfessorFT$119,906-$119,906
Walker J BarthProfessorFT$118,687-$118,687
Sam NicholsChief Information OfficerFT$108,195-$108,195
Peg Falls-CorbittProfessorFT$107,010-$107,010

Highest Paid Contractors

ContractorServicesLocationCompensation
Conway CorporationElectrical Services1307 Prairie Street, Conway, AR 72034$1,760,761
US FoodserviceFood Supplier9399 W Higgins Road, Rosemont, IL 60018$969,126
Arkansas Blue Cross Blue ShieldHealth and Dental Premiums320 W Capitol Avenue, Little Rock, AR 72201$641,018
Hellas Construction CompanyConstruction12710 Research Blvd No 240, Austin, TX 78759$468,345
EiiaInsurance Services200 S Wacker Dr No 1000, Chicago, IL 60606$402,356
Revenue and Support

Revenue Composition

Contributions and Grants
$10,728,083
Program Service Revenue
$65,843,884
Investment Income
$4,558,985
Other Revenue
$-45,606
All Other Contributions
$8,940,015
Change in Net Assets
$-3,935,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$81,085,346
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-42,417,362
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$38,667,984
Total Revenue per Form 990
$81,085,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$36,079,777
Salaries, Compensation, and Employee Benefits$26,996,810
Other Expenses$21,944,468
Total Fundraising Expense$1,945,675
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$36,079,777--$36,079,777
Other Salaries and Wages$13,342,233$5,657,759$1,152,757$20,152,749
All Other Expenses$1,845,394$4,035,575$390,678$6,271,647
Depreciation Depletion$4,232,986$423,889$41,883$4,698,758
Interest$0$3,335,964$0$3,335,964
Other Employee Benefits$1,557,586$884,244$150,931$2,592,761
Occupancy$1,856,044$204,888$0$2,060,932
Office Expenses$964,406$586,061$14,795$1,565,262
Current Officers, Directors, Trustees, and Key Employees$0$1,513,247$0$1,513,247
Payroll Taxes$906,525$480,899$80,160$1,467,584
Travel$1,164,778$209,875$41,324$1,415,977
Pension Plan Contributions$795,512$402,576$72,381$1,270,469
Information Technology$0$880,309$0$880,309
Fees for Service Investment Mgmnt Fees$0$797,482$0$797,482
Insurance$1,300$424,892$0$426,192
Conferences and Meetings$184,181$177,446$766$362,393
Fees for Services Accounting$0$91,215$0$91,215
Fees for Services Legal$0$23,511$0$23,511
Advertising$0$14,826$0$14,826
Total Functional Expenses$62,930,722$20,144,658$1,945,675$85,021,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$85,021,055
Total Expenses per Form 990$85,021,055
Total Expenses per Audited Statements$51,690,746
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Expenses Not Reported on Form 990$-33,330,309
International Activity

International Summary

Offices
0
Employees
1
Spending
$106,451

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$106,451
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Postretirement Benefit Obligation$18,843,022
Annuities Payable$3,793,784

Bond Issues

BondIssuerIssuedIssue PricePurpose
BArkanas Development Finance Authority2012-08-07$45,030,066Refinance Existing Debt and Capital Improvements
APublic Facilities Board of City of Conway Arkansas2008-05-20$23,680,929Capital Improvements
CArkanas Development Finance Authority2012-08-27$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

Filer Name
Hendrix College
EIN
71-0236897
Phone
5014501333
Address
1600 Washington Ave, Conway, AR 72032

Signing Officer

Name
Shawn Mathis
Title
AVP for Business & Finance
Phone
5014501333
Signed
2017-04-12

Organization Details

Principal Officer
Bill Tsutsui
Formed
1876
Legal Domicile
Ar
Voting Board Members
42
Independent Board Members
41
Employees
1,509
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 -33,994,633 Hendrix Murphy Foundation loss -397,564

Schedule D, Part XII, Line 2D

Adjustments for student financial aid -33,994,633, Hendrix Murphy Foundation expenses +665,208, misc adjustment of -885.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Hayden H Franks
IRS990/Form990PartVIISectionAGrp/PersonNm1Jan N Hundley
IRS990/Form990PartVIISectionAGrp/PersonNm2Reverend J Mark McDonald
IRS990/Form990PartVIISectionAGrp/PersonNm3Bishop Gary Mueller
IRS990/Form990PartVIISectionAGrp/PersonNm4Reverend Deidre Roberts
IRS990/Form990PartVIISectionAGrp/PersonNm5Reverend G Mackey Yokem
IRS990/Form990PartVIISectionAGrp/PersonNm6Larry T Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm7Joe R Goyne III
IRS990/Form990PartVIISectionAGrp/PersonNm8Carolyn Miller
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Paula Norwood
IRS990/Form990PartVIISectionAGrp/PersonNm10Martin W Shell
IRS990/Form990PartVIISectionAGrp/PersonNm11Randy Wilbourn
IRS990/Form990PartVIISectionAGrp/PersonNm12Judge William R Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Henry Neely
IRS990/Form990PartVIISectionAGrp/PersonNm14Dr Joseph Bates
IRS990/Form990PartVIISectionAGrp/PersonNm15Ms Jo Ann Biggs
IRS990/Form990PartVIISectionAGrp/PersonNm16David Knight
IRS990/Form990PartVIISectionAGrp/PersonNm17Mr Allen McGee
IRS990/Form990PartVIISectionAGrp/PersonNm18Mr R Madison Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm19Martin Rhodes
IRS990/Form990PartVIISectionAGrp/PersonNm20Mr Albert Braunfisch
IRS990/Form990PartVIISectionAGrp/PersonNm21Mrs Elizabeth Small
IRS990/Form990PartVIISectionAGrp/PersonNm22Reverend Vic Nixon
IRS990/Form990PartVIISectionAGrp/PersonNm23Reverend Roy P Smith
IRS990/Form990PartVIISectionAGrp/PersonNm24Theo Bunting
IRS990/Form990PartVIISectionAGrp/PersonNm25Paul Craig
IRS990/Form990PartVIISectionAGrp/PersonNm26Roger King
IRS990/Form990PartVIISectionAGrp/PersonNm27Mr Charles D Morgan

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