Civic Intelligence

Henderson State University Foundation

990 • Fiscal year 2019 • EIN 71-0559008

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 09, 2020

Organization Profilewww.hsu.edu/foundation
PO Box 7550Arkadelphia, AR 71999

(870) 230-5347

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

28th percentile

$119,340

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

62nd percentile

7.3%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

8.0%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$21,018,609

Up $1,423,612 (+7.3%) from 2018

Net Assets

Up

$21,018,609

Up $1,635,772 (+8.4%) from 2018

Liabilities

Down

$0

Down $212,160 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin85th percentile

Revenue

Up

$3,049,943

Up $226,590 (+8.0%) from 2018

Expenses

Up

$2,072,125

Up $513,803 (+33%) from 2018

Net Income

Down

$977,818

Down $287,213 (-23%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $12,696,012Liabilities 2011: $0Net Assets 2011: $12,696,0122011Assets 2012: $13,336,016Liabilities 2012: $0Net Assets 2012: $13,336,0162012Assets 2013: $14,324,774Liabilities 2013: $0Net Assets 2013: $14,324,7742013Assets 2014: $15,012,789Liabilities 2014: $0Net Assets 2014: $15,012,7892014Assets 2015: $16,592,860Liabilities 2015: $0Net Assets 2015: $16,592,8602015Assets 2016: $15,863,779Liabilities 2016: $0Net Assets 2016: $15,863,7792016Assets 2017: $17,706,494Liabilities 2017: $178,637Net Assets 2017: $17,527,8572017Assets 2018: $19,594,997Liabilities 2018: $212,160Net Assets 2018: $19,382,8372018Assets 2019: $21,018,609Liabilities 2019: $0Net Assets 2019: $21,018,6092019Assets 2020: $22,488,060Liabilities 2020: $0Net Assets 2020: $22,488,0602020Assets 2021: $26,733,633Liabilities 2021: $56,015Net Assets 2021: $26,677,6182021Assets 2022: $24,967,380Liabilities 2022: $297,337Net Assets 2022: $24,670,0432022Assets 2023: $26,351,693Liabilities 2023: $226,210Net Assets 2023: $26,125,4832023Assets 2024: $29,791,451Liabilities 2024: $50,580Net Assets 2024: $29,740,8712024Assets 2025: $32,859,183Liabilities 2025: $0Net Assets 2025: $32,859,1832025

Highlighted filing

2019

Assets$21,018,609
Liabilities$0
Net Assets$21,018,609
Open 2019 Filing

Operations Trend

Revenue Growth62nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,354,014Expenses 2011: $1,653,205Net Income 2011: -$299,1912011Revenue 2012: $1,438,804Expenses 2012: $798,799Net Income 2012: $640,0052012Revenue 2013: $2,009,935Expenses 2013: $1,021,177Net Income 2013: $988,7582013Revenue 2014: $1,898,563Expenses 2014: $1,236,143Net Income 2014: $662,4202014Revenue 2015: $2,518,755Expenses 2015: $1,648,336Net Income 2015: $870,4192015Revenue 2016: $2,920,976Expenses 2016: $3,066,066Net Income 2016: -$145,0902016Revenue 2017: $2,462,429Expenses 2017: $1,775,040Net Income 2017: $687,3892017Revenue 2018: $2,823,353Expenses 2018: $1,558,322Net Income 2018: $1,265,0312018Revenue 2019: $3,049,943Expenses 2019: $2,072,125Net Income 2019: $977,8182019Revenue 2020: $3,694,783Expenses 2020: $2,213,345Net Income 2020: $1,481,4382020Revenue 2021: $2,533,598Expenses 2021: $2,631,216Net Income 2021: -$97,6182021Revenue 2022: $4,206,490Expenses 2022: $2,298,844Net Income 2022: $1,907,6462022Revenue 2023: $1,452,780Expenses 2023: $1,868,032Net Income 2023: -$415,2522023Revenue 2024: $2,739,079Expenses 2024: $2,454,628Net Income 2024: $284,4512024Revenue 2025: $2,826,018Expenses 2025: $2,838,660Net Income 2025: -$12,6422025

Highlighted filing

2019

Revenue$3,049,943
Expenses$2,072,125
Net Income$977,818
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 9, 2020
Return Version
2018v3.1
Gross Receipts
$6,795,948
Mission and Program Overview

Mission

The Foundation's purpose is to receive, solicit, accept and hold, administer, invest and disburse property and funds for the educational mission of Henderson State University. The Foundation provides HSU with resources not provided by public funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,596,359$18,172,470▲ $1,576,111
Savings and Temporary Cash Investments$1,844,997$1,404,100▼ $440,897
Pledges and Grants Receivable$570,611$704,571▲ $133,960
Cash and Non-Interest-Bearing Accounts$492,176$651,858▲ $159,682
Land, Buildings, and Equipment, Net$76,500$76,500→ $0
Prepaid Expenses and Deferred Charges$11,500$7,667▼ $3,833
Accounts Receivable$2,854$1,443▼ $1,411
Total Assets$19,594,997$21,018,609▲ $1,423,612
Liabilities
Accounts Payable and Accrued Expenses$212,160$0▼ $212,160
Total Liabilities$212,160$0▼ $212,160
Net Assets / Fund Balance
Permanently Rstr Net Assets$11,497,065$12,240,914▲ $743,849
Temporarily Rstr Net Assets$7,697,341$8,570,616▲ $873,275
Unrestricted Net Assets$188,431$207,079▲ $18,648
Total Net Assets Fund Balance$19,382,837$21,018,609▲ $1,635,772
Total Liabilities and Net Assets / Fund Balance$19,594,997$21,018,609▲ $1,423,612

Asset Categories

AssetBook ValueDepreciationBasis
Land$76,500--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$16,285,035$749,918▲ $1,097,744-$17,655,990
2017$15,320,367$357,180▲ $1,043,821-$16,285,035
2016$13,624,018$600,208▲ $1,512,251-$15,320,367
2015$13,778,167$482,738▲ $222,196$732$13,624,018
2014$14,022,182$164,726▲ $186,450-$13,778,167
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer BoyettExecutive DirectorPT$27,553$91,787$119,340
Tanya DixonFoundation AdministratorFT$43,644$4,435$48,079

Board Members and Trustees

NameTitle
Chris M WewersChair
Nathan GoodnightPast Chair
Tracy DukeVice Chair
Anita CabeDirector
Carlton Buddy FormbyDirector
Dr Alvin FutrellDirector
Dr Richard JacobsDirector
Jim GarlandDirector
Johnny HudsonDirector
Lamarr BaileyDirector
Roy SnookDirector
Tad KrugDirector
Z Lynn ZenoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,484,090
Program Service Revenue
$0
Investment Income
$565,853
Other Revenue
$0
All Other Contributions
$2,484,090
Change in Net Assets
$977,818

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 Traded8$104,322Market Value
Total Noncash Contributions8$104,322-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,972,114
Revenue Not Reported on Financial Statements
$77,829
Revenue Not Reported on Form 990
$657,954
Total Revenue per Audited Statements
$3,630,068
Total Revenue per Form 990
$3,049,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,812,394
Other Expenses$178,308
Salaries, Compensation, and Employee Benefits$81,423
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,812,394--$1,812,394
Fees for Service Investment Mgmnt Fees$77,829--$77,829
Current Officers, Directors, Trustees, and Key Employees$39,463$35,731-$75,194
Information Technology-$43,015-$43,015
Fees for Services Accounting-$37,000-$37,000
Office Expenses-$8,363-$8,363
Payroll Taxes$3,269$2,960-$6,229
Occupancy-$4,377-$4,377
Insurance-$669-$669
Other Expenses-$344-$344
Total Functional Expenses$1,932,955$139,170$0$2,072,125

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,072,125
Expenses per Audited Statements$1,994,296
Total Expenses per Audited Statements$1,994,296
Expenses Not Reported on Financial Statements$77,829
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Henderson State UniversityArkadelphia, AR115To fund student scholarships and provide other financial assistance.$1,812,394
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
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 Executive Director reviews the Form 990 and related schedules before signing and mailing.”

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

“Officers and Directors are asked to submit a list of potential conflicts, if any, annually.”

Form 990, Part VI, Section B, line 15

“All salaries of the foundation are approved by the Board annually.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Henderson State University Foundation
EIN
71-0559008
Phone
8702305347
Address
PO Box 7550, Arkadelphia, AR 71999

Signing Officer

Name
Jennifer Boyett
Title
Executive Director
Phone
8702305347
Signed
2020-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Boyett
Formed
1980
Legal Domicile
Ar
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
15

Preparer

Firm
Landmark PLC CPAs
Address
201 E Markham Suite 500, Little Rock, AR 72201
Preparer
Sherry Chesser CPA
Phone
5013752025
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“i. Endowment funds held by the Foundation are intended to be used to further its mission of supporting the activities of Henderson State University by the provision of funding for scholarships, capital projects, athletic endeavors, and other activities.”

Part X, Line 2:

“Accounting standards require the Foundation to evaluate tax positions and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Foundation has analyzed the tax positions taken and has concluded that as of June 30, 2019 and 2018, there are no uncertain positions taken or expected to be taken that would require the recognition of a liability (or asset) or disclosure in the financial statements. The Foundation may be subject to audit by the Internal Revenue Service; however, there are currently no audits for any tax periods in progress.”

Raw XML AppendixShowing 400 of 545 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/TitleTxt4Director
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0669
IRS990/InsuranceGrp/TotalAmt0669
IRS990/InvestmentIncomeGrp/ExclusionAmt0442827
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0442827
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt016596359
IRS990/InvestmentsPubTradedSecGrp/EOYAmt018172470
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt076500
IRS990/LandBldgEquipBasisNetGrp/EOYAmt076500
IRS990/LandBldgEquipCostOrOtherBssAmt076500
IRS990/LegalDomicileStateCd0AR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03746005
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Foundation's purpose is to receive, solicit, accept and hold, administer, invest and disburse property and funds for the educational mission of Henderson State University. The Foundation provides HSU with resources not provided by public funds.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019382837
IRS990/NetAssetsOrFundBalancesEOYAmt021018609
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0123026
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0123026
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0657954
IRS990/NoncashContributionsAmt0104322
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04377
IRS990/OccupancyGrp/TotalAmt04377
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08363
IRS990/OfficeExpensesGrp/TotalAmt08363
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Operating Expenses
IRS990/OtherExpensesGrp/Desc1Taxes
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06303
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1408
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2344
IRS990/OtherExpensesGrp/TotalAmt06303
IRS990/OtherExpensesGrp/TotalAmt1408
IRS990/OtherExpensesGrp/TotalAmt2344
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02960
IRS990/PayrollTaxesGrp/ProgramServicesAmt03269
IRS990/PayrollTaxesGrp/TotalAmt06229
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt011497065
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt012240914
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0570611
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0704571
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07667
IRS990/PrincipalOfficerNm0Jennifer Boyett
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0To promote development, growth, expansion, progress, accomplishment of education objectives, development of the physical plant, improvement of faculty and staff and aid to Henderson State University. There are more than 35 funds in place to provide support to academic programs and over $1.5 million was able to be provided to the university from private support in furtherance of their programmatic work.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01562734
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01442173
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02284530
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01315752
IRS990/PYInvestmentIncomeAmt0538823
IRS990/PYOtherExpensesAmt0161752
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01265031
IRS990/PYSalariesCompEmpBnftPaidAmt080818
IRS990/PYTotalExpensesAmt01558322
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02823353
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0977818
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01844997
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01404100
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Foundation operates exclusively for the benefit of Henderson State University, a state-owned university in Arkadelphia, Arkansas. The financial assistance provided to Henderson State University is not in the form of grants, but instead is allocated to Henderson State University for student scholarships, to fulfill donor intentions, and to assist the University as needed.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PAGE 5, SECTION E, LINE 2A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02484090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02284530
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01926841
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02056579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01901548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010653588
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0442827
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0386951
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0609505
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0767339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0603658
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02810280
IRS990ScheduleA/PublicSupportCY170Pct00.67640
IRS990ScheduleA/PublicSupportPY170Pct00.65980
IRS990ScheduleA/PublicSupportTotal170Amt09106354
IRS990ScheduleA/SubstantialContributorsTotAmt01547234
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02484090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02284530
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01926841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02056579
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01901548
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010653588
IRS990ScheduleA/TotalSupportAmt013463868
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt016285035
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0749918
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt017655990
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0476707
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01097744
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt015320367
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0357180
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt016285035
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0436333
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01043821
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt013624018
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0600208
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt015320367
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0416110
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01512251
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt013778167
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0482738
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt013624018
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0858351
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0222196
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0732
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt014022182
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0164726
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt013778167
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0595191
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0186450
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt077829
IRS990ScheduleD/ExpensesSubtotalAmt01994296
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt077829
IRS990ScheduleD/InvestmentExpensesNotIncldAmt077829
IRS990ScheduleD/LandGrp/BookValueAmt076500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt076500
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0657954
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.69340
IRS990ScheduleD/RevenueNotReportedAmt0657954
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt077829
IRS990ScheduleD/RevenueSubtotalAmt02972114
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0i. Endowment funds held by the Foundation are intended to be used to further its mission of supporting the activities of Henderson State University by the provision of funding for scholarships, capital projects, athletic endeavors, and other activities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accounting standards require the Foundation to evaluate tax positions and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Foundation has analyzed the tax positions taken and has concluded that as of June 30, 2019 and 2018, there are no uncertain positions taken or expected to be taken that would require the recognition of a liability (or asset) or disclosure in the financial statements. The Foundation may be subject to audit by the Internal Revenue Service; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.30660
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076500
IRS990ScheduleD/TotalExpensesPerForm990Amt02072125
IRS990ScheduleD/TotalRevenuePerForm990Amt03049943
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03630068
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01994296
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01812394
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To fund student scholarships and provide other financial assistance.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Henderson State University
IRS990ScheduleI/RecipientTable/RecipientEIN0716000286
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01100 Henderson Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Arkadelphia
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd071999
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation does not provide grants to the supported organization. The Foundation provides financial assistance to fund student scholarships and other needs of the University, as well as to direct funds to University projects per donor stipulations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,018,609
Liabilities
$0
Net assets
$21,018,609
Revenue
$3,049,943
Expenses
$2,072,125
Net income
$977,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.9$0.00$32.9$2.83$2.84$0.01
2024Detailed filing. Detailed filing data is available for this year.$29.8$0.05$29.7$2.74$2.45$0.28
2023Detailed filing. Detailed filing data is available for this year.$26.4$0.23$26.1$1.45$1.87$0.42
2022Detailed filing. Detailed filing data is available for this year.$25.0$0.30$24.7$4.21$2.30$1.91
2021Detailed filing. Detailed filing data is available for this year.$26.7$0.06$26.7$2.53$2.63$0.10
2020Detailed filing. Detailed filing data is available for this year.$22.5$0.00$22.5$3.69$2.21$1.48
2019Detailed filing. Detailed filing data is available for this year.$21.0$0.00$21.0$3.05$2.07$0.98
2018Detailed filing. Detailed filing data is available for this year.$19.6$0.21$19.4$2.82$1.56$1.27
2017Detailed filing. Detailed filing data is available for this year.$17.7$0.18$17.5$2.46$1.78$0.69
2016Detailed filing. Detailed filing data is available for this year.$15.9$0.00$15.9$2.92$3.07$0.15
2015Detailed filing. Detailed filing data is available for this year.$16.6$0.00$16.6$2.52$1.65$0.87
2014Summary only. Only limited summary data is available for this year.$15.0$0.00$15.0$1.90$1.24$0.66
2013Summary only. Only limited summary data is available for this year.$14.3$0.00$14.3$2.01$1.02$0.99
2012Summary only. Only limited summary data is available for this year.$13.3$0.00$13.3$1.44$0.80$0.64
2011Summary only. Only limited summary data is available for this year.$12.7$0.00$12.7$1.35$1.65$0.30