Nonprofit · EIN 62-0518288
FREED-HARDEMAN UNIVERSITY
Tax-exempt · HENDERSON, TN 38340
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $78,463,666 | $60,067,649 | $18,396,017 | $236,190,303 | $46,763,596 | $189,426,707 |
| May 31, 2024 | 990 | $69,201,935 | $58,914,183 | $10,287,752 | $209,376,285 | $36,587,751 | $172,788,534 |
| May 31, 2023 | 990 | $69,265,588 | $59,667,208 | $9,598,380 | $187,756,629 | $34,187,720 | $153,568,909 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $22,373,789
- of which government grants
- $535,771
- Program service revenue
- $48,744,959
- Investment income
- $7,621,817
- Net gain from sales of assets
- $5,150,001
- Net income from fundraising events
- -$276,899
- Other revenue
- -$276,899
Expenses
- Grants and similar amounts paid
- $17,850,510
- Compensation of officers, directors and key employees
- $956,609
- Other salaries and wages
- $14,914,559
- Salaries, compensation and benefits (total)
- $19,541,110
- Professional fundraising fees
- $0
- Travel
- $1,892,079
- Depreciation
- $3,037,671
- Program services (functional)
- $56,183,937
- Management and general (functional)
- $3,883,712
Balance sheet and other
- Total assets, start of year
- $209,376,285
- Total assets, end of year
- $236,190,303
- Total liabilities, end of year
- $46,763,596
- Net assets, end of year
- $189,426,707
- Land, buildings and equipment
- $89,643,091
- Publicly traded securities
- $106,566,493
- Net assets without donor restrictions
- $91,278,497
- Net assets with donor restrictions
- $98,148,210
- Gross unrelated business income
- $397,524
- Gross receipts
- $78,740,565
- Employees
- 1,040
- Volunteers
- 225
- Year formed
- 1869
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID R SHANNON | PRESIDENT Officer | 40 | $307,458 | $20,076 |
| JASON BRASHIER | VICE PRESIDENT FOR FINANCE Officer | 40 | $161,090 | $20,311 |
| LEANN DAVIS | VICE PRESIDENT FOR ACADEMICS Officer | 40 | $152,838 | $20,825 |
| DAVID CLOUSE | SENIOR VICE PRESIDENT Officer | 40 | $151,816 | $15,975 |
| JERRY A SATTERFIELD | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $143,396 | $11,104 |
| STEPHEN MARVIN | PROFESSOR Highest-paid employee | 40 | $132,159 | $19,053 |
| BRANDON LANCILOTI | ASSOCIATE PROFESSOR Highest-paid employee | 40 | $119,532 | $19,535 |
| HIBBETT LEE | PROFESSOR Highest-paid employee | 40 | $111,426 | $18,838 |
| SHAREN CYPRESS | PROFESSOR Highest-paid employee | 40 | $113,177 | $9,925 |
| TOMMIE KIRK | VP FOR STUDENT SERVICES Officer | 40 | $102,160 | $4,060 |
| STEVE BAGGETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KYLE BATTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE L BENNETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY W BLOOMINGBURG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAYLA CALENDINE | TRUSTEE Trustee or director | 1 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY CREWS | TRUSTEE Trustee or director | 1 | $0 |
| JOHN DEBERRY JR | TRUSTEE Trustee or director | 1 | $0 |
| JOHN DODD | SECRETARY Trustee or director | 1 | $0 |
| JAY T DRYDEN | TRUSTEE Trustee or director | 1 | $0 |
| STEVE ESTES | VICE CHAIRMAN Trustee or director | 1 | $0 |
| THOMAS GUMM | TRUSTEE Trustee or director | 1 | $0 |
| DR MATT GUY | TRUSTEE Trustee or director | 1 | $0 |
| CHRIS A HALLMARK | TRUSTEE Trustee or director | 1 | $0 |
| JEFF JENKINS | TRUSTEE Trustee or director | 1 | $0 |
| LEE JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| DR DALE E JONES | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT LATHAM | CHAIRMAN Trustee or director | 1 | $0 |
| JOHN T LAW | TRUSTEE Trustee or director | 1 | $0 |
| JAMES LEONARD | TRUSTEE Trustee or director | 1 | $0 |
| GARY MASSEY JR | TRUSTEE Trustee or director | 1 | $0 |
| DR BILL MORGAN | TRUSTEE Trustee or director | 1 | $0 |
| MARK NEWBY | TRUSTEE Trustee or director | 1 | $0 |
| DR LYNN PATTERSON | TRUSTEE Trustee or director | 1 | $0 |
| BRETT L PHARR | TRUSTEE Trustee or director | 1 | $0 |
| NATHAN B PRIDE | TRUSTEE Trustee or director | 1 | $0 |
| JANA RUCKER | TRUSTEE Trustee or director | 1 | $0 |
| MYNONNE TATE | TRUSTEE Trustee or director | 1 | $0 |
| PEGGY TIDWELL | TRUSTEE Trustee or director | 1 | $0 |
| TONY WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
| TED H WILLIAMS | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 |
| GREGG A WOODALL | TRUSTEE Trustee or director | 1 | $0 |
| CURT ZONDERVAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID R SHANNON | PRESIDENT Officer | 40 | $301,134 | $20,846 |
| CHARLES VIRES | PROVOST AND VP FOR ACADEMI Officer | 40 | $176,718 | $20,548 |
| JASON BRASHIER | VICE PRESIDENT FOR FINANCI Officer | 40 | $153,840 | $19,334 |
| DAVID CLOUSE | VP FOR ADVANCEMENT Officer | 40 | $151,258 | $16,069 |
| LEANN DAVIS | PROFESSOR Highest-paid employee | 40 | $138,344 | $19,106 |
| JERRY A SATTERFIELD | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $144,146 | $11,421 |
| STEPHEN MARVIN | PROFESSOR Highest-paid employee | 40 | $128,354 | $18,619 |
| JAMES N KITCHEN | DIRECTOR OF IT Highest-paid employee | 40 | $112,475 | $18,228 |
| THOMAS W DEBERRY | PROFESSOR Highest-paid employee | 40 | $117,668 | $12,515 |
| TOMMIE KIRK | VP FOR STUDENT SERVICES Officer | 40 | $102,757 | $11,796 |
| STEVE BAGGETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE L BENNETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY W BLOOMINGBURG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAYLA CALENDINE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRY CREWS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN DEBERRY JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN DODD | SECRETARY Trustee or director | 1 | $0 | $0 |
| JAY T DRYDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE ESTES | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| THOMAS GUMM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF JENKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR DALE E JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT LATHAM | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JOHN T LAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES LEONARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR BILL MORGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK NEWBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNN PATTERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRETT L PHARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NATHAN B PRIDE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MYNONNE TATE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT C VEIL JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TED H WILLIAMS | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 | $0 |
| GREGG A WOODALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CURT ZONDERVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TONY WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEE JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY MASSEY JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEGGY TIDWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KYLE BATTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRIS A HALLMARK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANA RUCKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID R SHANNON | PRESIDENT Officer | 40 | $267,254 | $19,081 |
| CHARLES VIRES | PROVOST AND VP FOR ACADEMI Officer | 40 | $172,968 | $19,169 |
| JASON BRASHIER | VICE PRESIDENT FOR FINANCI Officer | 40 | $151,690 | $18,461 |
| DAVID CLOUSE | VP FOR ADVANCEMENT Officer | 40 | $145,358 | $18,984 |
| LEANN DAVIS | ASSOCIATE PROFESSOR Highest-paid employee | 40 | $139,877 | $18,611 |
| JERRY A SATTERFIELD | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $136,858 | $10,324 |
| STEPHEN MARVIN | PROFESSOR Highest-paid employee | 40 | $127,090 | $17,511 |
| BRANDON LANCELOTI | PROFESSOR Highest-paid employee | 40 | $126,214 | $18,230 |
| MATTHEW A VEGA | ASSOCIATE PROFESSOR Highest-paid employee | 40 | $126,391 | $15,298 |
| TOMMIE KIRK | VP FOR STUDENT SERVICES Officer | 40 | $58,865 | $2,022 |
| STEVE BAGGETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE L BENNETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY W BLOOMINGBURG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAYLA CALENDINE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRY CREWS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN DEBERRY JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN DODD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAY T DRYDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE ESTES | SECRETARY Trustee or director | 1 | $0 | $0 |
| THOMAS GUMM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF JENKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR DALE E JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT LATHAM | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JOHN T LAW | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JAMES LEONARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR BILL MORGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK NEWBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNN PATTERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRETT L PHARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NATHAN B PRIDE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT P SHACKELFORD III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANNY TALKINGTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MYNONNE TATE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT C VEIL JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TED H WILLIAMS | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| GREGG A WOODALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CURT ZONDERVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TONY WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEE JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY MASSEY JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEGGY TIDWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 158 E MAIN ST, HENDERSON, TN 38340-2306
- In care of
- % RICHARD TAYLOR JR
- Principal officer (990 for 2024)
- JASON BRASHIER, 158 E MAIN ST, HENDERSON, TN 38340
- Signed the 990
- JASON BRASHIER, CFO & VP FOR FINANCIAL SERVICES
- Phone
- (731) 989-6000
- Website
- WWW.FHU.EDU
- Return prepared by
- CROSSLIN PLLC
Mission
FREED-HARDEMAN UNIVERSITY IS A PRIVATE SCHOOL ASSOCIATED WITH CHURCHES OF CHRIST WHICH EMPHASIZE PHYSICAL AND SPIRITUAL DEVELOPMENT OF ITS STUDENTS TO PREPARE THEM FOR LIVES OF SERVICE TO THEIR COMMUNITIES.
Program accomplishments
- THE UNIVERSITY CONDUCTED CLASSES FOR APPROXIMATELY 2,100 STUDENTS AND GRADUATED APPROXIMATELY 450 DURING THE FISCAL YEAR. THE EXPENSES INCLUDED FACULTY SALARIES AND BENEFITS, AUXILIARY ENTERPRISES, STAFF, AND OPERATIONS AND MAINTENANCE TO SUPPORT THEM.Expenses $56,183,937 · grants $17,850,510 · revenue $48,347,435
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0518288
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $236,190,303
- Income (IRS master file)
- $78,740,565
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $78,463,666 | $60,067,649 | $236,190,303 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $69,201,935 | $58,914,183 | $209,376,285 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $69,265,588 | $59,667,208 | $187,756,629 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $74,019,321 | $57,322,571 | $179,769,242 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-0518288).
Questions about FREED-HARDEMAN UNIVERSITY
- What is the EIN of FREED-HARDEMAN UNIVERSITY?
- The employer identification number (EIN) of FREED-HARDEMAN UNIVERSITY is 62-0518288.
- Is FREED-HARDEMAN UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to FREED-HARDEMAN UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREED-HARDEMAN UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FREED-HARDEMAN UNIVERSITY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREED-HARDEMAN UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FREED-HARDEMAN UNIVERSITY?
- The 990 for the year ended May 31, 2025 names JASON BRASHIER.
- Who are the officers and directors of FREED-HARDEMAN UNIVERSITY?
- The 990 for the year ended May 31, 2025 lists 42 people; 10 received compensation from the organization, the highest $307,458 (DAVID R SHANNON, PRESIDENT).
- How much revenue does FREED-HARDEMAN UNIVERSITY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $78,463,666, expenses of $60,067,649 and total assets of $236,190,303 at year end.
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