2025-04-10T16:05:09+00:00 2024-05-31 332621854 CRI Capin Crouse Advisors LLC 345 Massachusetts Ave Suite 300 Indianapolis IN 46204 990 2023-06-01 750855633 McMurry University MCMU 3257933821 1 McMurry University 308 Abilene TX 79697 Dr Lynne Murray President 3257933821 2025-04-10 true true Daren Daiga P01074795 5055022746 2025-04-10 2023 2025-03-06 01:10:19Z Dr Lynne Murray 1 McMurry University 308 Abilene TX 79697 60073785 false X www.MCM.edu X 1923 TX Shaped by Christian principles, McMurry University challenges students to examine our complex world from multiple perspectives in preparation for lives of leadership, service and professional success. 22 21 665 40 0 0 18346658 10351642 32922500 36408595 2744225 8086472 941217 332829 54954600 55179538 14783732 17899070 0 0 17179370 18140000 0 0 817489 15468180 18590916 47431282 54629986 7523318 549552 177249234 193344150 24018795 33152025 153230439 160192125 X Shaped by Christian principles, McMurry University challenges students to examine our complex world from multiple perspectives in preparation for lives of leadership, service and professional success. false false 33131616 17899070 31327282 McMurry University was founded in 1923 by the united Methodist church. During the 2023-2024 Year, McMurry celebrated its first 100 years with Centennial events throughout the year. The university challenged students to grow academically and socially with 66 academic majors and 40 academic, social and service organizations. Also offered to our approximately 2,459 racially and ethnically diverse students, are professional preparation programs in athletic training, engineering, allied health, dentistry, medicine, occupational therapy, pharmacy, physical therapy, veterinary medicine, law, and ministry along with a Masters of Accountancy and a Masters of Science in Nursing in Education or Family Nurse Practitioner. The University is proud to offer a low student to faculty ratio of 13 to 1, average class size of 14 and does not use teaching assistants in the classrooms. Students can explore international culture by participating in an active national and international model UN program and annual travel abroad educational programs. Also available to students is a student-run art gallery and artwork owned by the University appraised at $164k. The School of Business has recently received a ten million dollar endowment and business students at McMurry can participate in managing a one million dollar investment fund. 9578075 0 4876917 In addition to educating students, the University offers on campus housing and dining services as auxiliary services. Dining options include three robust meal plans offering students cook to order menu items, various commuter plans and three retail options. 5120996 0 204396 The University provides student services through health and wellness, career services, religion and spiritual life, social clubs, academic success and student life experiences. The University offers athletic programs with a mission to make personal investments in the lives of all scholar-athletes and use the Intercollegiate Athletics experience to develop champions for life. The athletic program core values are responsibility, integrity, service and excellence. The University also offers assistance with student aid, as well as fostering relationships with alumni, which benefit our students. 47830687 true true false false false false false false true true false false true true false true false true false true false false false true false false false true true false false false false false false false false true false false false false true true false false false true 2391 0 true 665 true true true false false false false true true false false false false false false X 22 21 false false false false false true false true true false false true true true true true true true true false X Dr Lynne Murray 3257933821 1 McMurry University 308 Abilene TX 79697 Carl Hubbard Investment Subcomm Chair (Part Year)/Treasurer & Finance Chair 2.0 X X 0 0 0 David Bailey 1st Vice Chair Trusteeship Chair 10.0 X X 0 0 0 David Osborn Treasurer & Finance Chair (Part Year)/Investment Subcomm Chair 2.0 X X 0 0 0 Elaine Harmon Board Secretary (Part Year)/Trustee 2.0 X X 0 0 0 Kathi Edwards Chairperson of the Board 25.0 X X 0 0 0 Kay Younggren Lauderman Trustee (Part Year)/ Board Secretary 3.5 X X 0 0 0 Russell Hall 2nd Vice Chair Institutional Oversight Committee Chair 2.0 X X 0 0 0 Sandra Harper President 60.0 X X 330414 0 23307 Steve Sundby Immediate Past Chairman of the Board 2.0 X X 0 0 0 Art Pertile Institutional Oversight Vice Chair 1.0 X 0 0 0 Austin Pittman BOT Task Force for Strategic Planning 2.0 X 0 0 0 Bishop James Nunn Trustee 1.0 X 0 0 0 Chuck Fallon Trustee 2.0 X 0 0 0 Cindy Allen Trustee Institutional Advancement Chair 1.0 X 0 0 0 Dr Kenneth Wheeler AABOD President 3.0 X 0 0 0 Dr Rick Quy Trustee 5.0 X 0 0 0 Dr Sandy Maddox Advancement Chair 1.0 X 0 0 0 Eduardo Rivera Trustee (Part Year) 3.0 X 0 0 0 John Hendrick Campus Oversight Chair 5.0 X 0 0 0 Mike Bennett Trustee 5.0 X 0 0 0 Rev Felicia Hopkins Trustee 7.0 X 0 0 0 Rev Richard Edwards Trustee 2.0 X 0 0 0 Shawn Hailey AABOD President (Part Year) 4.0 X 0 0 0 Yvonne Batts Trustee 2.0 X 0 0 0 Grant Greenwood VP Enrollment Management 40.0 X 147887 0 14745 Lisa L Williams VPFA/COS (Part Year) 40.0 X 156894 0 51752 Martha Cashburless University Chaplain (Part Year) 40.0 X 35252 0 19109 Matt Draud VPAA & Dean of the Faculty 40.0 X 172281 0 15717 Mike Hutchison VPIA 40.0 X 178732 0 69978 Richard Harrison University Chaplain 40.0 X 34691 0 13992 Robin Daniels VP of Marketing 40.0 X 155054 0 20875 Samuel Ferguson VP Student Affairs and Ath (Part Year) 40.0 X 60492 0 6840 Dr Ashish Ghimire Associate Professor - Finance 40.0 X 121336 0 6255 Dr Donalyn Alexander Dean of Nursing 40.0 X 150621 0 6133 Dr Frank Badua Professor - Accounting 40.0 X 139327 0 26380 Dr Kevin Phillipson Assistance Professor - Entrepreneurship 40.0 X 109509 0 20734 Dr Patricia Lapoint Professor - Management 40.0 X 103139 0 5289 1895629 0 301106 12 false true false Sedalco Inc 4100 Fossil Creek Blvd Fort Worth TX 76137 Campus Upgrade Contractors 14325717 Teinert Construction PO Box 5327 Lubbock TX 79408 Campus Upgrade Contractors 6246184 DATROO Technologies LLC PO Box 2679 Abilene TX 796042679 Technology support 1585737 PIONEER COLLEGE CATERERS 25055 West Valley Parkway Ste 120 Olathe KS 66061 Food Service 1536456 Akademos LLC 227 Fayetteville Street Suite 400 Raleigh NC 27601 Book Service Company 310720 19 89012 6167461 4095169 36610 10351642 Tuition and Fees 611600 30723993 30723993 Auxiliary Enterprises 611710 4876917 4876917 Student Finance Charges 611600 271822 271822 Summer Camps 611600 204396 204396 Spirit Store Income 611600 119917 119917 211550 211550 0 0 36408595 3810322 3810322 351126 351126 15250 0 15250 0 15250 15250 9101035 0 4694346 130539 4406689 -130539 4276150 4276150 35815 89012 69362 -33547 -33547 0 0 0 0 0 55179538 36408595 0 8419301 17899070 17899070 1461308 1171731 251294 38283 13381392 10729698 2301130 350564 377167 279701 87764 9702 1803952 1344863 412630 46459 1116181 925600 164440 26141 18800 18800 67825 67825 218382 218382 519442 0 519442 0 10000 10000 588528 478869 72800 36859 1294871 796605 409428 88838 2929799 2847856 81943 1480245 1363501 70550 46194 1047331 1013689 33642 3673045 3460604 212441 723460 710703 12757 Other Operating Expenses 2763884 1907504 681931 174449 Class and Education Fees 1506707 1506707 Food Service 1393986 1393986 Bad Debt Expense 354611 354611 0 0 0 0 54629986 47830687 5981810 817489 7501 16757 13365641 2399975 3325684 7202031 5632252 3246396 0 0 84669 217819 1371449 1451362 132570910 57985130 57822998 74585780 56075016 64119981 5616688 3703751 0 33947336 36400298 177249234 193344150 5835686 4542554 1582019 1730619 0 14803091 25767722 1797999 1111130 24018795 33152025 X 35715653 39496542 117514786 120695583 153230439 160192125 177249234 193344150 X 549552 3190104 441642 2780388 X false true X true true true X 6884045 9688013 18801389 18346658 10351642 64071747 0 0 6884045 9688013 18801389 18346658 10351642 64071747 7481587 56590160 1985609 1661132 2941431 3631715 4176698 14396585 18111 0 10259 0 0 28370 1291632 279095 291373 515881 0 2377981 80874683 159772054 0.6997 0.7989 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 1291632.0, COLUMN B - 279095.0, COLUMN C - 291373.0, COLUMN D - 515881.0, COLUMN E - 0.0, COLUMN F - 2377981.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72971466 907207 9985604 1425635 4393653 78044989 68053072 8519286 1675456 1424121 3852227 72971466 74153421 2683539 -2997667 5786221 68053072 63878609 1088273 13711901 4525362 74153421 62527363 1152465 5514109 5315328 63878609 0.0192 0.9808 0.0 true false 3563908 3563908 98593094 35296988 63296106 30040382 22688142 7352240 373526 0 373526 74585780 Beneficial Interest 36400298 Operating Lease Right of Use Asset Finance Lease Right of Use Asset 36400298 Postretirement Benefit Obligations 1111130 1111130 43288063 3190104 2849750 6039854 37248209 218382 17712947 17931329 55179538 36768019 69362 69362 36698657 218382 17712947 17931329 54629986 Schedule D, Part V, Line 4 Intended uses of endowment funds The endowed funds are used to support the educational programs provided by the university and to provide scholarships to current and future students of the university. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Value of Perpetual Trusts - 2951823 Post Retirement Benefit Changes - -171435 Fundraising Event Expenses - 69362 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships and Tuition Discounts - 17712947 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising Event Expenses - 69362 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships and Tuition Discounts - 17712947 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The University publishes its racially nondiscriminatory policy in the University catalog and on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The University receives support through the Department of Education that is used for student financial assistance. Additional support was received from the US State Department, National Science Foundation, and Texas Higher Education Coordinating Board. The University also received a tax credit through the Employee Retention Credit program offered through the CARES Act. Europe (Including Iceland and Greenland) 0 0 Program Services College student study abroad with faculty professors 30473 0 0 0 0 0 0 30473 0 30473 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual Golf Tournament 30710 16815 13895 8880 713 3155 Luncheon 78307 64797 13510 14433 30000 4181 1 15810 7400 8410 6720 1280 124827 89012 35815 8880 21866 30000 8616 69362 -33547 true Scholarships & tuition assistance 993 17712947 Federal Student Aid 207 186123 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SCHOLARSHIPS SCHOLARSHIPS ARE PROVIDED TO STUDENTS BASED ON SPECIFIC CRITERIA ESTABLISHED BY STUDENT FINANCIAL AID IN REGARDS TO ELIGIBILITY, STUDENT SELECTION AND REQUIREMENTS OF THE SCHOLARSHIP. EACH SCHOLARSHIP RECIPIENT WILL BE MONITORED BY THE UNIVERSITY TO CONFIRM THAT THEY HAVE SATISFIED ALL SCHOLARSHIP REQUIREMENTS. THE ACTUAL SCHOLARSHIPS ARE CREDITED TO THE STUDENTS TUITION BILLS. NO SCHOLARSHIPS ARE AWARDED DIRECTLY TO THE STUDENT. X X true true X X X false false false false false false false false false Sandra Harper President 294636 0 0 0 35778 0 16387 0 6920 0 353721 0 0 0 Grant Greenwood VP Enrollment Management 147887 0 0 0 0 0 7778 0 6967 0 162632 0 0 0 Lisa L Williams VPFA/COS (Part Year) 156894 0 0 0 0 0 10277 0 41475 0 208646 0 0 0 Matt Draud VPAA & Dean of the Faculty 172281 0 0 0 0 0 8750 0 6967 0 187998 0 0 0 Mike Hutchison VPIA 167677 0 0 0 11055 0 8207 0 61771 0 248710 0 0 0 Robin Daniels VP of Marketing 155054 0 0 0 0 0 8358 0 12517 0 175929 0 0 0 Dr Donalyn Alexander Dean of Nursing 150621 0 0 0 0 0 5610 0 523 0 156754 0 0 0 Dr Frank Badua Professor - Accounting 139327 0 0 0 0 0 6075 0 20305 0 165707 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use A housing allowance is provided to the University's President and is treated as taxable compensation on their W-2. A housing allowance is provided to the University's Chaplain and is treated as non-taxable compensation under the Ministerial Housing Allowance. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The University provides country club dues and university owned auto use to the President and the Vice President of Institutional Advancement, which is common for universities. This is considered part of their compensation and is a taxable benefit. X 1 23019 Market value X Furniture & Supplies 1 7041 Cost X Gift Cards 1 5000 Cost X Statue & Photo 1 1000 Market value X Cooler & Cornhole 1 550 Cost 0 false true false Schedule M, Part I The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) The University offers athletic programs with a mission to make personal investments in the lives of all scholar-athletes and use the Intercollegiate Athletics experience to develop champions for life. The athletic program core values are responsibility, integrity, service and excellence. The University also offers assistance with student aid, as well as fostering relationships with alumni, which benefit our students. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Board will consist of the Bishops of the Northwest Texas and the New Mexico Conferences (or their official designees) assigned to preside over the Conferences (the "Bishops"), The President of the Institution (the "President"), the President of the McMurry University Alumni Association Board of Directors (the "Alumni President"), and those others confirmed by the Conferences at their annual sessions. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY DURING THE FALL BOARD MEETING. ALL OFFICERS AND TRUSTEES ARE REQUIRED TO BE FAMILIAR WITH THE POLICY AND DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST TO THE ENTIRE BOARD AT THE EARLIEST PRACTICAL TIME. THE OFFICER OR TRUSTEE SHALL ABSENT THEMSELVES FROM DISCUSSIONS OF AND ABSTAIN FROM VOTING ON MATTERS IN WHICH THEY MAY HAVE A POSSIBLE CONFLICT OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Board of Trustees engaged an independent search consultant when undertaking the hiring of a new President. This consultant was asked to review the compensation package offered to the incoming President. The consultant reviewed the proposed package and compared against the pay rates of other similarly situated colleges and universities prior to extending the offer to the incoming President. In addition, the compensation of officers and key employees is benchmarked against comparable industry data to ensure it is appropriate considering all the relevant facts and circumstances. This benchmarking data is maintained in the records of the Human Resource department. Form 990, Part VI, Line 15b Process to establish compensation of other employees See narrative for Form 990, Part VI, Line 15a Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY WILL MAKE AVAILABLE TO ANY STUDENT, FACULTY MEMBER, ALUMNI, OR OTHER INTERESTED PERSON A COPY OF THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR VIEWING AT THE UNIVERSITY'S CAMPUS IN ABILENE, TX. Form 990, Part VIII, Line 2f Other Program Service Revenue Other Program Revenues - Total Revenue: 211550, Related or Exempt Function Revenue: 211550, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value Perpetual Trusts - 2951823; Post retirement benefit changes - -171435; Betty Jo Mowry Inc McMurry Station Box 308 Abilene TX 79697 751997720 Oil & Gas Mining and Extraction TX NA C Corporation 116861 135077 1 true Perpetual Trusts (5) HOLD ASSETS AND REMIT INCOME TO THE UNIVERSITY TX McMurry Unviersity Trust true false false false false false false false false false false false false false false false false false false false