Hardin-Simmons University

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: admissions@hsutx.edu


Organization details

EIN: 750808791

CEO/President: Eric Bruntmyer

Chairman: Laura Moore

Board size: 36

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

Year founded: 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

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating359 of 61846 of 85
Fund acquisition rating278 of 61833 of 85
Resource allocation rating133 of 61826 of 85
Asset utilization rating609 of 61885 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%13%9%10%8%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%1%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%13%14%12%19%16%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%1%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%87%86%88%81%84%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%88%88%87%87%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%97%93%98%87%86%
Program output ratio Program output ratio =
Program services /
Total revenue
80%85%82%85%76%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%3%7%2%13%14%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%2%1%4%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%11%11%12%11%11%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.280.280.300.250.27
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.8124.8121.3916.2715.2428.26
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.186.935.944.933.797.55
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.662.282.272.882.732.45
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.440.440.350.370.41
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.710.971.131.592.010.94
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%16%13%12%12%12%
Debt ratio Debt ratio =
Debt /
Total assets
0%12%8%8%7%8%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%299%313%289%352%330%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$6,154,822$8,498,500$9,066,749$10,149,923$4,523,996
Receivables, inventories, prepaids$4,002,064$1,914,509$3,707,721$4,875,984$3,127,200
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$10,156,886$10,413,009$12,774,470$15,025,907$7,651,196
Long-term investments$160,001,719$145,644,042$129,801,990$150,383,725$146,029,241
Fixed assets$58,043,460$52,403,765$52,647,868$51,960,279$52,135,840
Other long-term assets$23,802,595$14,320,467$12,598,937$11,554,705$10,370,981
Total long-term assets$241,847,774$212,368,274$195,048,795$213,898,709$208,536,062
Total assets$252,004,660$222,781,283$207,823,265$228,924,616$216,187,258
 
Liabilities20182017201620152014
Payables and accrued expenses$4,451,704$4,596,521$4,432,442$5,498,526$3,126,619
Other current liabilities$0$0$0$0$0
Total current liabilities$4,451,704$4,596,521$4,432,442$5,498,526$3,126,619
Debt$29,168,212$17,317,939$16,528,784$17,069,805$16,886,558
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$7,701,662$7,381,710$4,971,429$5,463,103$5,504,227
Total long-term liabilities$36,869,874$24,699,649$21,500,213$22,532,908$22,390,785
Total liabilities$41,321,578$29,296,170$25,932,655$28,031,434$25,517,404
 
Net assets20182017201620152014
Unrestricted$42,478,709$40,825,097$39,317,320$41,817,305$41,801,826
Temporarily restricted$56,015,192$44,523,888$38,417,799$56,678,553$53,631,101
Permanently restricted$112,189,181$108,136,128$104,155,491$102,397,324$95,236,927
Net assets$210,683,082$193,485,113$181,890,610$200,893,182$190,669,854
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$9,076,362$9,084,060$7,660,532$12,297,897$10,622,598
Program service revenue$53,178,061$47,142,897$44,833,322$42,905,993$44,905,706
Membership dues$0$0$0$0$0
Investment income$10,078,610$10,128,239$11,713,818$10,161,131$11,864,696
Other revenue$0$0$0$0$0
Total other revenue$63,256,671$57,271,136$56,547,140$53,067,124$56,770,402
Total revenue$72,333,033$66,355,196$64,207,672$65,365,021$67,393,000
 
Expenses20182017201620152014
Program services$61,771,677$54,309,022$54,882,319$49,777,272$50,210,570
Management and general$7,420,449$6,745,253$7,356,931$6,215,803$6,199,630
Fundraising$1,172,395$810,080$778,699$1,015,258$1,378,317
Total expenses$70,364,521$61,864,355$63,017,949$57,008,333$57,788,517
 
Change in net assets20182017201620152014
Surplus (deficit)$1,968,512$4,490,841$1,189,723$8,356,688$9,604,483
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,968,512$4,490,841$1,189,723$8,356,688$9,604,483

Response from ministry

No response has been provided by this ministry.


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


Needs