2016-04-13T16:12:04-05:00 2015-05-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2014-06-01 750800653 Howard Payne University HOWA 3256462502 1000 Fisk Street Brownwood TX 76801 Mike Rodgers CFO/VP for Finance 3256462502 2016-04-13 1 David C Moja P00747006 7195286225 2014 2016-08-17 19:52:53Z Mike Rodgers 1000 Fisk Street Brownwood TX 76801 37956200 0 X www.hputx.edu X 1889 TX Howard Payne University is a Christ-centered academic community. 36 36 677 70 0 0 3131854 4515170 26643241 26819475 6172010 6482017 0 4984 35947105 37821646 10116798 11404490 0 0 12963942 13227504 179058 95000 529151 10316851 10948702 33576649 35675696 2370456 2145950 108853633 108224369 14550898 15356756 94302735 92867613 X Howard Payne University is a Christ centered academic community dedicated to excellence by developing and equipping the whole person for intellectual inquiry, personal and professional integrity, and service to God and humanity. 0 0 20430217 11404490 22984811 Post-Secondary Education InstructionHoward Payne University offers a full array of undergraduate programs and five graduate programs in a traditional residential academic community. The university also offers selected undergraduate and graduate course work by electronic means and at extended learning centers in El Paso and New Braunfels. Students at HPU choose from more than 100 majors, minors and pre-professional programs in seven schools: Business, Christian Studies, Education, Humanities, Music and Fine Arts, Nursing, and Science and Mathematics. The Guy D. Newman Honors Academy challenges students with a multidisciplinary curriculum and exciting travel opportunities. 5770299 Student ServicesHPU is committed to providing students with a wide range of opportunities for learning within and beyond the classroom. Student engagement in campus life is designed to help students grow in relationship to Christ, develop leadership skills, build relationships, participate in service to the campus and community, exhibit personal responsibility and have fun.See Schedule O for continuation. 3289406 3642392 Auxiliary EnterprisesHPU's auxiliary programs provide essential services to students. These programs include dining services (two on-campus dining locations and Stinger Bucks to use at off-campus restaurants) and several housing options. These on-campus facilities include one women's residence hall, two men's residence halls, a student apartment complex and eight duplex apartments. 1180524 192272 Provide academic support through library and various academic departments of the university. 1180524 192272 30670446 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1597 0 1 677 1 0 1 UK 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Mike Rodgers 3256462502 1000 Fisk Street Brownwood TX 76801 Robert Carter Chairman 1.00 X X 0 0 0 Carter M Sharpe First Vice Chairperson 1.00 X X 0 0 0 Wayne Grant Second Vice Chairperson 1.00 X X 0 0 0 Sharon Mitchell Guthrie Secretary 1.00 X X 0 0 0 Barry Biggs Trustee 1.00 X 0 0 0 Deborah Cartwright Trustee 1.00 X 0 0 0 Keith Clark Trustee 1.00 X 0 0 0 Jimmy Carmichael Trustee 1.00 X 0 0 0 Gary Davis Trustee 1.00 X 0 0 0 Jeremy Denning Trustee 1.00 X 0 0 0 Steve Ellis Trustee 1.00 X 0 0 0 Dale Gore Trustee 1.00 X 0 0 0 Malvin Green Trustee 1.00 X 0 0 0 Dwayne Grooms Trustee 1.00 X 0 0 0 Max Johnson Trustee 1.00 X 0 0 0 Jim Jones Trustee 1.00 X 0 0 0 David L Lowrie Jr Trustee 1.00 X 0 0 0 Ronny Marriott Trustee 1.00 X 0 0 0 Sarah Stephens McAlpine Trustee 1.00 X 0 0 0 Milton McGee Trustee 1.00 X 0 0 0 Darrell Miles Trustee 1.00 X 0 0 0 Bernardo Moraga Trustee 1.00 X 0 0 0 Kay Nettleship Trustee 1.00 X 0 0 0 David Poage Trustee 1.00 X 0 0 0 Marlon Prichard Trustee 1.00 X 0 0 0 Roy Robb Trustee 1.00 X 0 0 0 David Robnett Trustee 1.00 X 0 0 0 Daniel Sanchez Trustee 1.00 X 0 0 0 Candy Smith Trustee 1.00 X 0 0 0 Jonathan Snow Trustee 1.00 X 0 0 0 Annette Spikes Trustee 1.00 X 0 0 0 Ray Still Trustee 1.00 X 0 0 0 Leonard Underwood Trustee 1.00 X 0 0 0 Johanna Wilson Trustee 1.00 X 0 0 0 Walter Wilson Trustee 1.00 X 0 0 0 Lesley Wyse Trustee 1.00 X 0 0 0 Dr Bill Ellis President 40.00 X 204140 0 86407 Edward Stepanow CFO/VP Finance & Admin 40.00 X 0 0 0 Dr Mark Tew Provost & CAO 40.00 X 124234 0 12144 Billy Fishback Assistant VP for Business & HR 40.00 X 108716 0 19817 Emily Attaway Assistant VP for Finance 40.00 X 103013 0 14446 540103 0 132814 4 0 1 0 Waldrop Construction PO Box 1000 Brownwood TX 76801 Construction 2133410 Sodexo Inc & Affiliaites PO Box 538922 Atlanta GA 30353 Food service 1335729 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Admissions consulting 302526 1-2-1 Philanthropic Services 2520 St Rose Parkway Henderson NV 89074 Fundraising consulting 165250 First Financial Administrators PO Box 670329 Houston TX 77267 HR consulting 147546 5 306880 4208290 2050304 4515170 Tuition & Fees 611310 22984811 22984811 Auxiliary Enterprises 611710 3642392 3642392 Other Program Revenue 611710 192272 192272 26819475 4875723 4875723 4984 0 4984 4984 4984 1740848 128269 6285 1612579 -6285 1606294 1606294 37821646 26819475 0 6487001 11404490 11404490 326939 82567 192432 51940 10263757 8531139 1523717 208901 460023 388274 66269 5480 1454466 982866 460500 11100 722319 593188 111882 17249 3233 3233 34623 34623 95000 95000 1344175 1296683 45192 2300 445379 286198 151956 7225 1020320 706715 228437 85168 1009733 492818 493300 23615 2661305 2447864 213441 571544 473152 81521 16871 101546 40165 60142 1239 408694 366793 41901 1620493 1449402 171091 401306 401306 Misc. expenses 451902 308295 140544 3063 Capital project expense 348465 348465 Library expense 192652 192652 Athletics expense 164235 164235 169097 114485 54612 35675696 30670446 4476099 529151 3695353 3934336 4489646 4555836 1846526 3373204 437902 553231 1280295 1219340 230023 294485 54697580 19739546 33822516 34958034 37171849 37459130 25781281 21831490 84702 31743 13540 13540 108853633 108224369 2048191 2086869 1009093 889035 5825000 10599640 3404311 583526 2264303 1197686 14550898 15356756 X 29564257 28657064 34975121 27326859 29763357 36883690 94302735 92867613 108853633 108224369 X 2145950 -3300339 -98706 -182027 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33504831 1150810 2135270 3460565 33330346 51395116 222927 16474976 5529705 62563314 44624748 2491865 7684989 3406486 51395116 44192111 1024172 2795814 3377597 9752 44624748 37290579 504682 9171033 2774183 44192111 0.09730 0.66800 0.23470 0 0 39000 3535390 3574390 44902279 15241599 29660680 4497947 -4497947 5912585 5912585 308326 308326 34958034 Oil, gas, mineral rights and interests 8960278 F Perpetual trusts held by others 11945834 F Beneficial interest in trusts 925378 F 21831490 Reserve for split-interest liability 7824 Life income liability 26402 Funds held for loan programs 1163460 1197686 X 22934790 -3300339 -11586517 -14886856 37821646 0 37821646 24271206 0 24271206 11404490 11404490 35675696 Part V, Line 4: The intended use of endowment funds is to provide a permanent revenue stream for scholarships and academic programs. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of May 31, 2015, the University has analyzed its tax positions and believes that all are more likely than not to be sustained upon examination. The University files information tax returns in the U.S. and various states. The University is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2011. Part XI, Line 2d - Other Adjustments: Change in value of perpetual trusts -290,237. Change in value of split interest agreements 108,210. Student financial assistance -11,404,490. Part XII, Line 4b - Other Adjustments: Student financial assistance 11,404,490. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All solicitations for students contain a statement of the university's racially nondiscriminatory policy. Schedule E, Part I, Line 6 The school participates in the Perkins Loan program, funded by the Federal Government. Europe (Including Iceland & Greenland) 0 0 Program services Study abroad program 155000 0 0 0 0 0 0 155000 0 155000 0 0 0 0 0 0 Part I, line 3: The organization uses expense reports and other appropriate documentation to account for foreign expenditures, consistent with the accrual method of accounting. X X X X X 1 121 Services 2520 St Rose Henderson NV 89074 Consulting 0 0 82500 -82500 Craig Turner 411 Plumwood Way Fairview TX 75069 Consulting 0 0 12500 -12500 95000 -95000 1 Scholarships - higher education 1133 11404490 Part I, Line 2: For all scholarship funds, student financial services has established specific criteria in regards to eligibility and selection. The eligibility requirements of the students are documented and monitored for compliance. The actual scholarships are credited to the student's tuition bills. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Bill Ellis President 175866 0 0 0 28274 0 15548 0 71209 0 290897 0 0 0 Part I, Line 1a The president is required to reside in on campus housing owned by the university. This is treated as a nontaxable benefit to the president. Membership to a social club is provided to the president to cultivate and build donor relationships. This is treated as a nontaxable benefit to the president. A Clyde Education Facilities Corporation 471678508 2014-09-10 10000000 Refund 7 debts, including prior issue 7/20/04 for capital expenditures 0 0 0 B Crawford Education Facilities Corporation 721536594 2014-09-10 876000 Refund 7 debts, including prior issue 7/20/04 for capital expenditures 0 0 0 A 254101 10000000 35585 9964415 1 0 1 1 B 22259 876000 4415 871585 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 Various Family members of board members 11500 Merit scholarship Financial aid X 100042 FMV-Exchange Price X 1 513700 FMV-Appraisal X 3 1436562 FMV-Appraisal 0 0 1 0 Part I, Column (b): The number of contributions represents the unique number of contributions received. Form 990, Part II, Signing Officer: CFO/VP Finance & Admin, Edward Stepanow, was replaced by Mike Rodgers after the end of this tax period, 05/31/2015. Accordingly, Mike Rodgers is not reported on Form 990, Part VII, during this tax period. Form 990, Part III, Line 4b, Program service description: These services include admissions, athletics/intramurals, Baptist Student Ministry, Chapel, cheerleading, the Collegium (tutoring, academic testing, advising, career services and learning assistance), counseling and health services, HPU's Department of Public Safety, financial aid, the Food and Essentials Pantry, the library, mail services, new-student orientation, residence life, student activities, student conduct, student government, student organizations, the Wellness Center and more. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm and is first reviewed in detail by CFO before it is provided to the board's finance committee. A full copy of the 990 is shared with the board prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The university maintains a board adopted conflict of interest policy. Trustees and officers are required to annually disclose potential conflicts of interest. The university monitors and enforces compliance with the policy by publishing it on the employee intranet, limiting business dealings with related parties, and discouraging activities that might be perceived as a conflict of interest. The university business office and CFO are charged with monitoring and enforcing compliance with the policy. Form 990, Part VI, Section B, line 15 The compensation for the university's president is recommended by a special committee consisting of independent members of the board of trustees. Years of experience, performance and the review of comparative data of similiar universities are taken into consideration when determining the president's compensation. The board deliberates regarding the president's compensation in executive session and this is recorded in the minutes. Compensation for other officers is established by the president, based on years experience, performance, and comparable data of like positions in similar universities. Decisions are documented in the human resources files. Form 990, Part VI, Section C, line 19 The university's primary governing documents are on file with the Texas Secretary of State and are publicly available. The university is not required to make its conflict of interest policy or financial statements publicly available. Form 990, Part XI, line 9: Change in value of perpetual trusts -290,237. Change in value of split interest agreements 108,210. Form 990, Part XII, line 2c: The Board Finance Committee assumes responsibility for oversight of the audit of the university's financial statements and selection of an independent accountant. This process has not changed since the prior year. Charitable remainder unitrusts (10) Hold assets & remit income to the university TX T 0 Charitable gift annuities (7) Hold assets & remit income to the university TX T 0 Charitable remainder annuity trust (1) Hold assets & remit income to the university TX T 0 Revocable charitable remainder unitrust (1) Hold assets & remit income to the university TX T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0