Hallmark University Inc
- Assets
- $50.7m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 220
- Location
- San Antonio, TX
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-4620000
Organization Overview
Hallmark University Inc is located in San Antonio, TX. The organization was established in 2012. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, Hallmark University Inc employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hallmark University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hallmark University Inc generated $19.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $18.4m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH, MAINTAIN, & CONDUCT POST- SECONDARY, SECONDARY, & PRIMARY INSTITUTIONS OF LEARNING UNDER THE INFLUENCE OF JUDEO-CHRISTIAN PRINCIPLES IN SAN ANTONIO, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALLMARK UNIVERSITY INC. PUTS STUDENTS IN CONTROL OF THEIR FUTURES, GUIDING THEM TO BETTER LIVES. THROUGH HANDS-ON AND CLASSROOM TRAINING, STUDENTS LEARN THE PROPER TOOLS AND TECHNIQUES REQUIRED TO BECOME SUCCESSFUL. COMPREHENSIVE COURSES GIVE STUDENTS VALUABLE TIME WORKING IN THEIR CHOSEN FIELD IN REAL-WORLD SETTINGS. THE UNIVERSITY HAS PROGRAMS IN AERONAUTICS, ALLIED HEALTH, BUSINESS, INFORMATION TECHNOLOGY AND NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Fisher CEO | Officer | 40 | $260,510 |
Samuel Beaumont Chief Operating Officer | Officer | 40 | $207,751 |
Taylor Mercier Chief Information Officer | Officer | 40 | $197,716 |
Roxanne Darty Vp, Financial Operations | 40 | $184,991 | |
Marion Lee Key Employee | 40 | $158,490 | |
Michael Phillips University Provost | 40 | $120,963 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,404,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $403,311 |
| Noncash contributions included in lines 1a–1f | $45,843 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,807,993 |
| Total Program Service Revenue | $17,329,193 |
| Investment income | $32,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,939,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $497,358 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $698,327 |
| Compensation of current officers, directors, key employees. | $698,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,313,903 |
| Pension plan accruals and contributions | $195,314 |
| Other employee benefits | $229,485 |
| Payroll taxes | $642,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,511 |
| Fees for services: Accounting | $38,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,116 |
| Fees for services: Other | $265,715 |
| Advertising and promotion | $2,277,435 |
| Office expenses | $454,260 |
| Information technology | $535,000 |
| Royalties | $0 |
| Occupancy | $1,103,655 |
| Travel | $4,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $8,671 |
| Conferences, conventions, and meetings | $0 |
| Interest | $596,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,242,423 |
| Insurance | $148,839 |
| All other expenses | $0 |
| Total functional expenses | $18,356,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,234,374 |
| Savings and temporary cash investments | $830,274 |
| Pledges and grants receivable | $64,241 |
| Accounts receivable, net | $686,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,836 |
| Prepaid expenses and deferred charges | $884,925 |
| Net Land, buildings, and equipment | $20,250,278 |
| Investments—publicly traded securities | $546,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,144,308 |
| Total assets | $50,738,491 |
| Accounts payable and accrued expenses | $2,157,217 |
| Grants payable | $0 |
| Deferred revenue | $514,822 |
| Tax-exempt bond liabilities | $23,796,055 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $566,797 |
| Total liabilities | $27,034,891 |
| Net assets without donor restrictions | $23,505,284 |
| Net assets with donor restrictions | $198,316 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,738,491 |
Grants Awarded
Over the last fiscal year, Hallmark University Inc has awarded $41,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: GENERAL SUPPORT | $30,000 |
Bulverde, TX PURPOSE: GENERAL SUPPORT | $6,000 |
Arlington, VA PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hallmark University Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Myra Stafford Pryor Charitable Tr 010193 San Antonio, TX PURPOSE: UNRESTRICTED GRANT | $25,000 |
Endowment Analysis
| Beg. Balance | $56,541 |
| Admin Expense | $7,500 |
| Grants | $21,206 |
| Ending Balance | $27,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of The Ozarks Clarksville, AR | $205,934,945 | $43,250,374 |
Centenary College Of Louisiana Shreveport, LA | $197,546,239 | $39,039,604 |
Howard Payne University Brownwood, TX | $111,822,248 | $40,380,501 |
University Of Holy Cross New Orleans, LA | $64,850,591 | $32,443,133 |
Arkansas Colleges Of Health Education Fort Smith, AR | $125,131,280 | $26,184,797 |
Southwestern Adventist University Keene, TX | $69,651,046 | $31,006,117 |
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Southern University System Foundation Baton Rouge, LA | $59,341,239 | $13,209,342 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |