Civic Intelligence

Houston Christian University

990 • Fiscal year 2017 • EIN 74-1400699

Jun 01, 2016 to May 31, 2017 • Filed on Feb 09, 2018

Refreshing map…

7502 Fondren RdHouston, TX 77074

(281) 649-3000

Siviq Scores

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

Liabilities / Assets

51st percentile

0.33x

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

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.86x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

15th percentile

-4.1%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

31st percentile

$549,184

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

45th percentile

5.6%

Faster asset growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

0.6%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$255,036,357

Up $13,471,803 (+5.6%) from 2016

Net Assets

Up

$171,665,572

Up $6,161,350 (+3.7%) from 2016

Liabilities

Up

$83,370,785

Up $7,310,453 (+9.6%) from 2016

Revenue

Up

$96,999,862

Up $596,092 (+0.6%) from 2016

Expenses

Up

$100,971,416

Up $6,038,708 (+6.4%) from 2016

Net Income

Down

-$3,971,554

Down $5,442,616 (-370%) from 2016

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: $182,037,006Liabilities 2010: $61,528,907Net Assets 2010: $120,508,0992010Assets 2011: $200,082,618Liabilities 2011: $61,834,397Net Assets 2011: $138,248,2212011Assets 2012: $202,730,257Liabilities 2012: $77,062,949Net Assets 2012: $125,667,3082012Assets 2013: $219,444,642Liabilities 2013: $77,012,612Net Assets 2013: $142,432,0302013Assets 2014: $231,870,427Liabilities 2014: $79,464,101Net Assets 2014: $152,406,3262014Assets 2015: $246,079,070Liabilities 2015: $78,187,049Net Assets 2015: $167,892,0212015Assets 2016: $241,564,554Liabilities 2016: $76,060,332Net Assets 2016: $165,504,2222016Assets 2017: $255,036,357Liabilities 2017: $83,370,785Net Assets 2017: $171,665,5722017Assets 2018: $258,171,350Liabilities 2018: $83,558,809Net Assets 2018: $174,612,5412018Assets 2019: $270,780,088Liabilities 2019: $80,582,062Net Assets 2019: $190,198,0262019Assets 2020: $275,864,347Liabilities 2020: $79,729,140Net Assets 2020: $196,135,2072020Assets 2021: $324,395,919Liabilities 2021: $105,099,904Net Assets 2021: $219,296,0152021Assets 2022: $346,212,692Liabilities 2022: $113,107,755Net Assets 2022: $233,104,9372022Assets 2023: $348,099,971Liabilities 2023: $108,630,703Net Assets 2023: $239,469,2682023

Highlighted filing

2017

Assets$255,036,357
Liabilities$83,370,785
Net Assets$171,665,572

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $67,768,8442010Expenses 2011: $67,488,1542011Expenses 2012: $68,125,2942012Expenses 2013: $74,791,8422013Revenue 2014: $87,906,098Expenses 2014: $80,546,945Net Income 2014: $7,359,1532014Revenue 2015: $104,092,806Expenses 2015: $89,841,089Net Income 2015: $14,251,7172015Revenue 2016: $96,403,770Expenses 2016: $94,932,708Net Income 2016: $1,471,0622016Revenue 2017: $96,999,862Expenses 2017: $100,971,416Net Income 2017: -$3,971,5542017Revenue 2018: $110,428,371Expenses 2018: $110,216,995Net Income 2018: $211,3762018Revenue 2019: $125,730,355Expenses 2019: $116,360,358Net Income 2019: $9,369,9972019Revenue 2020: $123,075,864Expenses 2020: $119,343,559Net Income 2020: $3,732,3052020Revenue 2021: $149,977,466Expenses 2021: $127,448,918Net Income 2021: $22,528,5482021Revenue 2022: $160,755,476Expenses 2022: $141,624,932Net Income 2022: $19,130,5442022Revenue 2023: $153,828,906Expenses 2023: $148,643,100Net Income 2023: $5,185,8062023

Highlighted filing

2017

Revenue$96,999,862
Expenses$100,971,416
Net Income-$3,971,554
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Feb 9, 2018
Return Version
2016v3.0
Gross Receipts
$107,935,325
Mission and Program Overview

Mission

The mission of houston christian university is to provide a learning experience that instills in students a passion for academic, spiritual, and professional excellence as a result of our central confession, "jesus christ is lord."

To provide instruction for approximately 3,200 students in undergraduate and graduate courses

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$115,029,336$115,262,517▲ $233,181
Investments in Publicly Traded Securities$36,655,183$41,242,372▲ $4,587,189
Investments Program Related$23,536,631$25,276,997▲ $1,740,366
Pledges and Grants Receivable$21,973,009$18,027,194▼ $3,945,815
Cash and Non-Interest-Bearing Accounts$12,282,473$16,833,444▲ $4,550,971
Investments Other Securities$16,544,911$14,474,840▼ $2,070,071
Accounts Receivable$4,486,136$5,252,830▲ $766,694
Prepaid Expenses and Deferred Charges$1,517,695$3,445,093▲ $1,927,398
Other Notes and Loans Receivable, Net$221,988$3,206,139▲ $2,984,151
Savings and Temporary Cash Investments$940,197$2,514,890▲ $1,574,693
Inventories for Sale or Use$714,236$745,061▲ $30,825
Total Assets$241,564,554$255,036,357▲ $13,471,803
Other Assets Total$7,662,759$8,754,980▲ $1,092,221
Liabilities
Tax Exempt Bond Liabilities$45,755,000$55,457,283▲ $9,702,283
Unsecured Notes Loans Payable$2,408,822$19,820,000▲ $17,411,178
Mortgage Notes Payable Secured by Investment Property$14,008,807$0▼ $14,008,807
Accounts Payable and Accrued Expenses$5,979,278$6,339,352▲ $360,074
Escrow Account Liability$568,928$634,145▲ $65,217
Deferred Revenue$519,138$604,343▲ $85,205
Other Liabilities$6,820,359$515,662▼ $6,304,697
Total Liabilities$76,060,332$83,370,785▲ $7,310,453
Net Assets / Fund Balance
Unrestricted Net Assets$80,716,309$82,918,985▲ $2,202,676
Permanently Rstr Net Assets$53,764,936$57,259,524▲ $3,494,588
Temporarily Rstr Net Assets$31,022,977$31,487,063▲ $464,086
Total Net Assets Fund Balance$165,504,222$171,665,572▲ $6,161,350
Total Liabilities and Net Assets / Fund Balance$241,564,554$255,036,357▲ $13,471,803

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$84,731,656$30,681,411$115,413,067
Equipment$10,335,680$19,109,546$29,445,226
Leasehold Improvements$9,802,006$14,018,303$23,820,309
Land$9,160,248-$9,160,248
Other Land Buildings$1,232,927$2,960,316$4,193,243
Investment Program Related Org$953,186--
Other Securities$4,356,154--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$94,552,666$3,386,160▲ $6,686,025$-4,356,615$102,805,132
2015$100,668,709$553,571▼ $2,989,147$-6,190,764$94,552,666
2014$88,226,583$8,370,014▲ $2,963,737$-4,063,333$100,668,709
2013$85,467,373$464,967▲ $6,570,035$1,205,977$88,226,583
2012$77,120,359$1,820,678▲ $8,613,781$-1,319,562$85,467,373
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert B SloanPresidentFT$420,449$18,047$438,496
Sandra N MooneyChief Financial OfficerFT$242,196$7,689$249,885
James L SteenVP Enrollment MgmtFT$205,824$11,156$216,980
Sharon E SaundersVP University RelationsFT$202,229$6,382$208,611
Jerome JohnstonVP for Innovation & StrateFT$199,020$4,582$203,602
Cynthia SimpsonInterim Provost/dean, GradFT$176,022$4,803$180,825
Michael WeeksDean, BusinessFT$175,566$4,803$180,369
Charles E BacarisseVP DevelopmentFT$168,329$11,258$179,587
Victor D ShealyCoachFT$152,917$8,606$161,523
Levon HayrapetyanProfessorFT$147,795$4,582$152,377
Craig EvansProfessorFT$138,301$7,557$145,858
Steve MoniaciDirector of AthleticsFT$127,620$4,758$132,378

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark Services INCFacilities Maintenance7502 FONDREN RD, Houston, TX 77074$3,595,641
Ellucian Company LPInformation Systems Support62814 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$2,954,380
Mp2 Energy LLCElectric UtilitiesPO BOX 202829, Dallas, TX 75320$1,345,329
Aramark EducationCustodial Services27310 NETWORK PLACE, Chicago, IL 60673$1,048,668
Royall & CompanyStudent Recruiting Services1290 EAST PARHAM ROAD, Richmond, VA 23228$980,766
Revenue and Support

Revenue Composition

Contributions and Grants
$10,250,901
Program Service Revenue
$82,853,934
Investment Income
$-826,219
Other Revenue
$4,721,246
All Other Contributions
$7,851,338
Change in Net Assets
$-3,971,554

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
Works of Art1$300,000Appraisal From Experts
Total Noncash Contributions1$300,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,518,407
Revenue Not Reported on Financial Statements
$36,481,455
Revenue Not Reported on Form 990
$13,573,142
Other Revenue Adjustments
$36,481,455
Total Revenue per Audited Statements
$74,091,549
Total Revenue per Form 990
$96,999,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$38,252,448
Salaries, Compensation, and Employee Benefits$31,869,162
Other Expenses$30,769,535
Total Fundraising Expense$1,130,950
Professional Fundraising Fees$80,271

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$38,252,448--$38,252,448
Other Salaries and Wages$17,353,334$6,837,419$845,663$25,036,416
Depreciation Depletion$2,310,214$2,438,625-$4,748,839
Fees for Services Management$1,743,502$2,206,597-$3,950,099
All Other Expenses$1,282,748$2,232,336-$3,515,084
Interest-$2,408,038-$2,408,038
Other Employee Benefits$1,526,919$717,793$63,152$2,307,864
Office Expenses$1,384,214$685,981$4,914$2,075,109
Payroll Taxes$1,225,319$588,279$54,443$1,868,041
Other Expenses$73,718$1,510,828-$1,584,546
Current Officers, Directors, Trustees, and Key Employees$176,022$1,397,338-$1,573,360
Information Technology$559,626$872,912-$1,432,538
Occupancy-$1,328,179-$1,328,179
Pension Plan Contributions$665,634$379,214$38,633$1,083,481
Travel$137,144$801,241$7,767$946,152
Insurance$-741$887,232-$886,491
Advertising$168,929$193,705$24,405$387,039
Fees for Services Accounting-$119,881-$119,881
Fees for Services Legal-$97,813-$97,813
Fees for Services Professional Fundraising--$80,271$80,271
Conferences and Meetings$23,175$13,567$11,702$48,444
Total Functional Expenses$70,393,983$29,446,483$1,130,950$100,971,416

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$100,971,416
Total Expenses per Audited Statements$69,363,383
Expenses per Audited Statements$64,512,532
Expenses Not Reported on Financial Statements$36,458,884
Other Expense Adjustments$36,458,884
Expenses Not Reported on Form 990$4,850,851
International Activity

International Summary

Offices
0
Employees
1
Spending
$63,036

International Compliance

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 & Greenland) - Albania, Andorra, Austria, BelgiuProgram ServicesPROFESSOR OF APOLOGETICS AND THE DIRECTOR OF HBU'S C.S. LEWIS CENTRE IN OXFORD, ENGLAND. TEACHES ONLINE CLASSES FOR HBU AND WORKS WITH STUDENTS PARTICIPATING IN THE SUMMER SPECIAL STUDY ABROAD CLASS IN OXFORD, ENGLAND.-1$63,036
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$420,340
Fundraising Direct Expenses$232,603
Professional Fundraising Fees$80,271

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spirit of Excellence Gala$627,445$401,445$63,158$338,287
Guild Silver Tea$130,644$12,206$7,945$4,261
Total Events$817,850$420,340$232,603$187,737
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
Paul SloanSon of Robert Sloan, PresidentPaul Sloan Is an Assistant Professor of TheologyNo$34,216
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$515,662

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARed River Education Finance Corporation2017-01-31$55,490,4181) refinance series 2007 crawford education facilities corporation bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$55,490,418$4,948,101$44,515,000$848,767

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
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

The audit committee of the university is provided with a draft copy of the form 990 prior to filing. They are asked to review and provide any feedback that they feel is appropriate.

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

University reviews all annually submitted forms and follows-up with any member who states that they believe they may have a conflict.

Form 990, Part VI, Section B, Line 15

For the university's president, the board utilizes an external compensation advisory report for non-profits and higher-education institutions in addition to review of the compensation of other universities and discussion to determine how the university's president is to be compensated. For other officers and key employees, the university's president utilizes outside surveys and other information to make annual review and new hire offer compensation decisions.

Form 990, Part VI, Section C, Line 19

The university does not make its governing documents, conflict of interest policy and financial statements available to the general public.

Filing and Contact Details

Filer

Filer Name
Houston Baptist University
EIN
74-1400699
Phone
2816493000
Address
7502 FONDREN RD, HOUSTON, TX 77074

Signing Officer

Name
Sandra N Mooney
Title
Chief Financial Officer
Phone
2816493000
Signed
2018-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Robert B Sloan Jr
Formed
1960
Legal Domicile
TX
Voting Board Members
33
Independent Board Members
33
Employees
1,096
Volunteers
4

Preparer

Firm
Fitts Roberts & Co Pc
Address
5718 WESTHEIMER STE 800, HOUSTON, TX 77057
Preparer
Kelly J Hunter CPA
Phone
7132605230
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

Part iii, line 4: the university has various historical pieces which are being exhibited in the university's museum of southern history, a bible museum and an art museum and some works in other locations of the university. The museums and artwork gives the students of the university the ability to experience "hands on" historical items related to religious and united states history.

PART X, LINE 2:

The university follows asc 740 which requires the evaluation of how tax positions should be recognized, measured, presented, and disclosed in the financial statements. The standard requires the evaluation of tax positions taken or expected to be taken in the course of preparing tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable taxing authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The adoption of asc 740 did not have an effect on the university's net asset value, financial position or results of activities. As of may 31, 2017 and 2016 and the the years then ended, the university and its subsidiary, bsi, did not have an asset or liability for any unrecognized tax positions. Management's determinations regarding asc 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Bsi revenue 2,270,993 bookstore cost of goods sold 1,509,393 rental expenses allocation 611,812 fundraising expenses net against revenue for events 232,603 total to schedule d, part xi, line 2d 4,624,801

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Funded/unfunded aid (different treatment per 990 as compared to financial) 36,481,455 total to schedule d, part xi, line 4b 36,481,455

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Bsi expenses 2,497,043 bookstore cost of goods sold 1,509,393 rental expenses allocation 611,812 fundraising expenses net against revenue for events 232,603 total to schedule d, part xii, line 2d 4,850,851

Part XII, Line 4B - Other Adjustments

Funded/unfunded aid (different treatment per 990 as compared to financial) 36,481,455 miscellaneous -22,570 total to schedule d, part xii, line 4b 36,458,885

Raw XML AppendixShowing 400 of 1,267 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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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$348$109$239$154$149$5.19
2022Summary only. Only limited summary data is available for this year.$346$113$233$161$142$19.1
2021Summary only. Only limited summary data is available for this year.$324$105$219$150$127$22.5
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$276$79.7$196$123$119$3.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$271$80.6$190$126$116$9.37
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$258$83.6$175$110$110$0.21
2017Detailed filing. Detailed filing data is available for this year.$255$83.4$172$97.0$101$3.97
2016Detailed filing. Detailed filing data is available for this year.$242$76.1$166$96.4$94.9$1.47
2015Summary only. Only limited summary data is available for this year.$246$78.2$168$104$89.8$14.3
2014Detailed filing. Detailed filing data is available for this year.$232$79.5$152$87.9$80.5$7.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$219$77.0$142$74.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$203$77.1$126$68.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$61.8$138$67.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$182$61.5$121$67.8