Hardin-Simmons University

The information on this page was last updated 3/21/2023. If you see errors or omissions, please email: [email protected]


Summary

Founded in 1891, Hardin-Simmons University continues its commitment to developing the minds and nurturing the spiritual lives of its students. HSU, a private university located in Abilene, Texas. HSU provides an academically challenging undergraduate education based on a liberal arts foundation, and advances scholarly growth by offering specialized graduate and professional degree programs.


Contact information

Mailing address:
Hardin-Simmons University
2200 Hickory St
Abilene, TX 79698

Website: hsutx.edu

Phone: 325-670-1000

Email: [email protected]


Organization details

EIN: 750808791

CEO/President: Eric Bruntmyer

Chairman: Rick Strange

Board size: 39

Founder: George W. Smith, Kirwin Kade Legett, James Simmons

Ruling year: 1935

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Hardin-Simmons University will be an innovative community of servant scholars engaging the minds and nurturing the spirits of future Christian leaders.


Mission statement

The mission of Hardin-Simmons University is to be a community dedicated to providing excellence in education, enlightened by Christian faith and values.


Statement of faith

From its founding, Hardin-Simmons University has been fulfilling one of the goals of its original creators "...to prepare young men and women for Christ, to teach them of Christ, and to train them for Christ." All HSU students participate in University Chapel and other spiritual formation experiences while on our campus. Logsdon School of Theology provides all undergraduate students with coursework in scripture and the spiritual life. The School of Theology also provides a baccalaureate major for individuals intending careers of service in and through the church.

Donor confidence score

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating689 of 111095 of 129
Fund acquisition rating478 of 111158 of 129
Resource allocation rating529 of 111162 of 129
Asset utilization rating869 of 1110115 of 129

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%9%8%8%15%21%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%16%18%13%9%8%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%84%82%87%91%92%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%84%84%87%84%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%98%89%86%80%102%
Program output ratio Program output ratio =
Program services /
Total revenue
80%82%75%74%68%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%2%11%14%20%-2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%3%4%8%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%14%14%12%14%12%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.210.230.220.270.28
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.692.422.091.9212.6433.17
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.500.480.423.429.22
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.2310.9611.9611.491.480.98
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.090.080.090.681.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2921.8522.9426.151.13-0.02
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%15%15%13%17%19%
Debt ratio Debt ratio =
Debt /
Total assets
11%11%11%9%11%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%414%370%396%307%292%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$11,935,696$9,685,445$5,851,661$4,836,370$6,495,292
Receivables, inventories, prepaids$4,741,175$5,253,242$4,118,061$4,301,535$2,689,144
Short-term investments$144,479,484$159,780,570$177,118,144$14,444,863$0
Other current assets$0$0$0$0$0
Total current assets$161,156,355$174,719,257$187,087,866$23,582,768$9,184,436
Long-term investments$69,769,742$42,307,240$39,107,008$149,764,843$195,366,324
Fixed assets$121,577,778$109,135,289$97,206,070$92,482,289$83,040,858
Other long-term assets$37,707,663$38,489,646$35,571,854$32,354,407$17,017,749
Total long-term assets$229,055,183$189,932,175$171,884,932$274,601,539$295,424,931
Total assets$390,211,538$364,651,432$358,972,798$298,184,307$304,609,367
 
Liabilities20232022202120202019
Payables and accrued expenses$5,828,724$5,598,230$6,540,258$6,640,859$9,343,053
Other current liabilities$8,868,767$9,012,004$9,738,034$9,347,447$0
Total current liabilities$14,697,491$14,610,234$16,278,292$15,988,306$9,343,053
Debt$42,240,089$40,305,857$32,056,463$34,231,629$37,506,580
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$256,901$0$0$572,498$10,648,035
Total long-term liabilities$42,496,990$40,305,857$32,056,463$34,804,127$48,154,615
Total liabilities$57,194,481$54,916,091$48,334,755$50,792,433$57,497,668
 
Net assets20232022202120202019
Without donor restrictions$150,310,134$129,545,544$123,808,814$102,571,294$81,340,351
With donor restrictions$182,706,923$180,189,797$186,829,229$144,820,580$165,771,348
Net assets$333,017,057$309,735,341$310,638,043$247,391,874$247,111,699
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$13,099,245$17,008,726$11,998,524$9,029,691$6,783,744
Program service revenue$55,703,661$61,058,623$64,719,453$61,619,295$58,806,937
Membership dues$0$0$0$0$0
Investment income$13,533,633$16,143,062$14,772,616$29,583,121$17,780,230
Other revenue$10,979($135,761)$0$0$0
Total other revenue$69,248,273$77,065,924$79,492,069$91,202,416$76,587,167
Total revenue$82,347,518$94,074,650$91,490,593$100,232,107$83,370,911
 
Expenses20232022202120202019
Program services$67,732,506$70,536,520$68,121,269$67,726,362$73,539,491
Management and general$11,461,751$11,873,980$9,248,980$11,474,069$9,790,887
Fundraising$1,229,842$1,352,109$998,354$1,390,007$1,391,193
Total expenses$80,424,099$83,762,609$78,368,603$80,590,438$84,721,571
 
Change in net assets20232022202120202019
Surplus (deficit)$1,923,419$10,312,041$13,121,990$19,641,669($1,350,660)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,923,419$10,312,041$13,121,990$19,641,669($1,350,660)

Compensation

NameTitleCompensation
Eric BruntmyerPresident$448,615
Christopher McNairProvost/Chief Academic Officer$228,363
Jodie McGaugheyVP for Finance$190,205
Michael MonhollonAsst. Provost/Chief Data Officer$186,367
Stacey MartinVP for Student Life$171,307
Jesse BurlesonHead Football Coach$160,405
Jennifer EamesAssoc. Prof. PA$158,960
Vicki HouseVP for Enrollment (Part Year)$157,679
Janelle O'ConnellDean/College of Health Professor$151,969
Donalyn AlexanderDean PHSSN/Professor of Nursing$150,691
Travis SeekinsVP for Enrollment$124,678
Ash WrightVP for Advancement$57,599

Compensation data as of: 5/31/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/21/2023. To update the information below, please email: [email protected]


History

Established in 1891, Hardin-Simmons University is a pioneer of higher education in the West. Our founders dreamed of creating a place to nurture both the minds and spirits of our students. The city of Abilene was still in its infancy when a group of settlers-merchants, ranchers, and preachers-sought to found a college in this fledgling pioneer town. Through the tireless efforts of Rev. George W. Smith and attorney Kirwin Kade Legett, and the support of the Sweetwater Baptist Association, the school came into being February 18, 1891, as Abilene Baptist College. Abilene citizens joined the original trustees in raising $5,000 to initially fund the school. An Abilene businessman and his Fort Worth partners donated 16 acres and an additional $5,000. Plans were drawn and a building, Old Main, began to rise north of Abilene in the summer of 1891.

New York preacher Dr. James B. Simmons provided funding to help the school complete construction of its first building. And the trustees honored him in renaming the institution Simmons College. The Simmons family continued to harbor a deep interest in the school, providing financial support and even requesting that they be buried in the midst of the campus. The first class of sixty students entered Simmons College in 1892. William Friley led the school as the first president. In the first 20 years, five presidents came and went. In 1909, Dr. J. D. Sandefer accepted the presidency. Under his 40-year leadership, the school grew and flourished. In 1925, the school became Simmons University.

During the Great Depression, Simmons struggled, but financial help arrived when John and Mary Hardin of Burkburnet, Texas, donated part of their fortune to the school. The Hardins' generosity and commitment brought the university long-term stability and, in 1934, a new name: Hardin-Simmons University.

In 1926, Hardin-Simmons welcomed its first graduate program. In the 1960s, the campus expanded with a multi-million dollar campaign that results in a new library, science center, and a health and fitness complex. By the 80s, offered master's degrees in six areas. Also in the 1980s, the school's enrollment hit 2,000. By the 2000s, HSU grew to offer more than 50 majors, and was divided into distinct schools and colleges.


Program accomplishments


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