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Nonprofit · EIN 71-0236897

HENDRIX COLLEGE

Tax-exempt · CONWAY, AR 72032

Financials

$97.5M$84.3M2022$89.2M$83.6M2023$88M$77.2M2024
Revenue Expenses · by fiscal year end
Financials of HENDRIX COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$87,950,277$77,239,942$10,710,335$313,900,422$91,490,037$222,410,385
May 31, 2024990$89,248,247$83,569,066$5,679,181$308,546,839$97,370,509$211,176,330
May 31, 2023990$97,458,898$84,270,905$13,187,993$300,216,797$100,238,591$199,978,206
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$17,500,059
of which government grants
$885,356
Program service revenue
$58,003,119
Investment income
$9,755,913
Net rental income
$172,104
Net gain from sales of assets
$6,068,031
Other revenue
$2,691,186

Expenses

Grants and similar amounts paid
$30,614,471
Compensation of officers, directors and key employees
$1,230,224
Other salaries and wages
$18,914,747
Salaries, compensation and benefits (total)
$24,379,013
Professional fundraising fees
$0
Legal fees
$30,021
Accounting fees
$102,982
Occupancy
$2,175,697
Travel
$1,293,455
Depreciation
$5,334,287
Program services (functional)
$56,951,557
Management and general (functional)
$19,267,453
Fundraising (functional)
$1,020,932

Balance sheet and other

Total assets, start of year
$308,546,839
Total assets, end of year
$313,900,422
Total liabilities, end of year
$91,490,037
Net assets, end of year
$222,410,385
Land, buildings and equipment
$119,386,628
Net assets without donor restrictions
$60,245,635
Net assets with donor restrictions
$162,164,750
Gross unrelated business income
$172,104
Gross receipts
$288,940,923
Employees
1,073
Volunteers
32
Year formed
1876
State of legal domicile
AR

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.

NameTitleHours / weekCompensation
Karen PetersenPresident
Officer
40$377,603
Kesha BaouaVP for Diversity and Inclusion
Former
40$200,000
Terri BonebrightProfessor
Highest-paid employee
40$175,420
Meredith BrunenVP for Advancement
Key employee
40$155,182
Bernadette HinkleVP for Finance and CFO
Officer
40$128,983
Sam NicholsVP for Technology Services
Highest-paid employee
40$127,734
Vicki LynnVP of Human Resources
Highest-paid employee
40$127,380
Amy WeaverDirector of Athletics
Highest-paid employee
40$127,207
David SutherlandProvost & Dean of the College
Officer
40$122,342
Teresa GarrettProvost and Dean of the College
Officer
40$108,737
Elizabeth S SmallTrustee
Trustee or director
1$0
Reverend Roy P SmithTrustee
Trustee or director
1$0
Darrin L WilliamsTrustee
Trustee or director
1$0
Dr Hayden FranksTrustee
Trustee or director
1$0
Joe R Goyne IIITrustee
Trustee or director
1$0
26 more people on this return
NameTitleHours / weekCompensation
Dr Joe G HollyfieldTrustee
Trustee or director
1$0
Bishop Laura MerrillTrustee
Trustee or director
1$0
Terry Joe TiceyTrustee
Trustee or director
1$0
William H WilcoxTrustee
Trustee or director
1$0
Susan DeboardTrusteee
Trustee or director
1$0
Luke B DuffieldTrustee
Trustee or director
1$0
Reverend Mark NormanTrustee
Trustee or director
1$0
Reverend Sara PairTrustee
Trustee or director
1$0
Derrick SmithTrustee
Trustee or director
1$0
Jo Ann BiggsTrustee
Trustee or director
1$0
Dr Charles ChappellTrustee
Trustee or director
1$0
Kim EvansTrustee
Trustee or director
1$0
Kenneth A GundermanTrustee
Trustee or director
1$0
Jan N HundleyTrustee
Trustee or director
1$0
Dr John C ByrdTrustee
Trustee or director
1$0
Latoya M Goree SmithTrustee
Trustee or director
1$0
R Eric JacksonTrustee
Trustee or director
1$0
Dr Marquita S NormanTrustee
Trustee or director
1$0
Heather GardnerTrustee
Trustee or director
1$0
Dr John C RobbinsTrustee
Trustee or director
1$0
Michael D MaloneTrustee
Trustee or director
1$0
Carolyn L MillerTrustee
Trustee or director
1$0
Henry E NeelyTrustee
Trustee or director
1$0
Walter Owen PryorTrustee
Trustee or director
1$0
Martin W ShellTrustee
Trustee or director
1$0
Teresa OsamTrustee
Trustee or director
1$0
990 for the year ended May 31, 2024: 42 people
NameTitleHours / weekCompensation
Ellis ArnoldFormer President
Former
40$338,652
Karen PetersenPresident
Officer
40$235,560
Terri BonebrightFormer Provost and Dean of the College
Former
40$203,064
Thomas J SiebenmorgenExecutive Vice President and CFO
Officer
40$190,668
Sam NicholsVP for Technology Services and CIO
Highest-paid employee
40$155,455
Steven CassellVP of Enrollment
Highest-paid employee
40$153,627
David SutherlandProvost and Dean of the College
Key employee
40$152,949
Jeremy DickersonAVP for Enrollment and Director of Admission
Highest-paid employee
40$129,499
Kesha BaouaVP for Diversity and Inclusion
Highest-paid employee, Former
40$117,881
Timothy MathisAVP of Business and Controller
Highest-paid employee
40$117,040
Elizabeth S SmallTrustee
Trustee or director
1$0
Reverend Roy P SmithTrustee
Trustee or director
1$0
Darrin L WilliamsTrustee
Trustee or director
1$0
Ruth BernabeTrustee
Trustee or director
1$0
Dr Hayden FranksTrustee
Trustee or director
1$0
Joe R Goyne IIITrustee
Trustee or director
1$0
Dr Joe G HollyfieldTrustee
Trustee or director
1$0
Bishop Laura MerrillTrustee
Trustee or director
1$0
Terry Joe TiceyTrustee
Trustee or director
1$0
William H WilcoxTrustee
Trustee or director
1$0
Susan DeboardTrusteee
Trustee or director
1$0
Luke B DuffieldTrustee
Trustee or director
1$0
Reverend Mark NormanTrustee
Trustee or director
1$0
Reverend Sara PairTrustee
Trustee or director
1$0
Derrick SmithTrustee
Trustee or director
1$0
Barry BlakeTrustee
Trustee or director
1$0
Jo Ann BiggsTrustee
Trustee or director
1$0
Dr Charles ChappellTrustee
Trustee or director
1$0
Kim EvansTrustee
Trustee or director
1$0
Kenneth A GundermanTrustee
Trustee or director
1$0
Jan N HundleyTrustee
Trustee or director
1$0
Dr John C ByrdTrustee
Trustee or director
1$0
Latoya M Goree SmithTrustee
Trustee or director
1$0
R Eric JacksonTrustee
Trustee or director
1$0
Dr Marquita S NormanTrustee
Trustee or director
1$0
Heather GardnerTrustee
Trustee or director
1$0
Dr John C RobbinsTrustee
Trustee or director
1$0
Michael D MaloneTrustee
Trustee or director
1$0
Carolyn L MillerTrustee
Trustee or director
1$0
Henry E NeelyTrustee
Trustee or director
1$0
Walter Owen PryorTrustee
Trustee or director
1$0
Martin W ShellTrustee
Institutional trustee
1$0
990 for the year ended May 31, 2023: 40 people
NameTitleHours / weekCompensation
Ellis ArnoldPresident
Officer
40$332,832
Terri L BonebrightProvost and Dean of the College
Key employee
40$199,434
Thomas J SiebenmorgenExecutive Vice President and CFO
Officer
40$186,149
Steven CassellVP of Enrollment
Highest-paid employee
40$151,242
Sam NicholsVP for Technology Services and CIO
Highest-paid employee
40$146,774
Jeremy DickersonAVP for Enrollment and Director of Admission
Highest-paid employee
40$125,951
David SutherlandAssoc Provost and Math/Computer Science Professor
Highest-paid employee
40$123,792
Timothy MathisAVP of Business and Controller
Highest-paid employee
40$113,779
Michael D MaloneTrustee
Trustee or director
1$0
Carolyn L MillerTrustee
Trustee or director
1$0
Henry E NeelyTrustee
Trustee or director
1$0
Walter Owen PryorTrustee
Trustee or director
1$0
Martin W ShellTrustee
Trustee or director
1$0
Elizabeth S SmallTrustee
Trustee or director
1$0
Reverend Roy P SmithTrustee
Trustee or director
1$0
Darrin L WilliamsTrustee
Trustee or director
1$0
Ruth BernabeTrustee
Trustee or director
1$0
Dr Hayden FranksTrustee
Trustee or director
1$0
Joe R Goyne IIITrustee
Trustee or director
1$0
Dr Joe G HollyfieldTrustee
Trustee or director
1$0
Bishop Laura MerrillTrustee
Trustee or director
1$0
Terry Joe TiceyTrustee
Trustee or director
1$0
William H WilcoxTrustee
Trustee or director
1$0
Susan DeboardTrusteee
Trustee or director
1$0
Luke B DuffieldTrustee
Trustee or director
1$0
Reverend Mark NormanTrustee
Trustee or director
1$0
Reverend Sara PairTrustee
Trustee or director
1$0
Derrick SmithTrustee
Trustee or director
1$0
Barry BlakeTrustee
Trustee or director
1$0
Jo Ann BiggsTrustee
Trustee or director
1$0
Dr Charles ChappellTrustee
Trustee or director
1$0
Kim EvansTrustee
Trustee or director
1$0
Kenneth A GundermanTrustee
Trustee or director
1$0
Jan N HundleyTrustee
Trustee or director
1$0
Dr John C ByrdTrustee
Trustee or director
1$0
Latoya M Goree SmithTrustee
Trustee or director
1$0
R Eric JacksonTrustee
Trustee or director
1$0
Dr Marquita S NormanTrustee
Trustee or director
1$0
Heather GardnerTrustee
Trustee or director
1$0
Dr John C RobbinsTrustee
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1600 WASHINGTON AVE, CONWAY, AR 72032-4115
In care of
% BUSINESS OFFICE
Principal officer (990 for 2024)
Dr Karen Petersen, 1600 Washington Avenue, Conway, AR 72032
Signed the 990
Hillary Looney, AVP Business & Finance
Phone
(501) 450-1333

Mission

Hendrix College cultivates empathy, creativity, self-understanding, rigorous inquiry, informed deliberation, and active learning across the liberal arts, toward the development of the whole person. Through engagement that links the classroom with the world, and a commitment to diversity, inclusion, justice, and sustainable living, the Hendrix community inspires students to lead lives of accomplishment, integrity, service, and joy.

990 for the year ended May 31, 2025

Program accomplishments

  • Instruction (1096 Students)
    Expenses $13,958,431
  • Student Aid (1096 Students)
    Expenses $30,614,471
  • Student Services (1096 Students)
    Expenses $12,378,655

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 yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
71-0236897
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
1942
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$313,900,422
Income (IRS master file)
$288,940,923

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$87,950,277$77,239,942$313,900,422XML
990-TMay 2025–––IRS
990May 2024$89,248,247$83,569,066$308,546,839XML
990-TMay 2024–––IRS
990May 2023$97,458,898$84,270,905$300,216,797XML
990-TMay 2023–––IRS
990May 2022$98,419,951$87,649,795$318,329,586IRS
990-TMay 2022–––IRS
990May 2021–––IRS
990-TMay 2021–––IRS
990May 2020–––IRS
990May 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 71-0236897).

Questions about HENDRIX COLLEGE

What is the EIN of HENDRIX COLLEGE?
The employer identification number (EIN) of HENDRIX COLLEGE is 71-0236897.
Is HENDRIX COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
Are donations to HENDRIX COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HENDRIX COLLEGE 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 HENDRIX COLLEGE 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 HENDRIX COLLEGE 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 HENDRIX COLLEGE?
The 990 for the year ended May 31, 2025 names Dr Karen Petersen.
Who are the officers and directors of HENDRIX COLLEGE?
The 990 for the year ended May 31, 2025 lists 41 people; 10 received compensation from the organization, the highest $377,603 (Karen Petersen, President).
How much revenue does HENDRIX COLLEGE have?
On its 990 for the year ended May 31, 2025 it reported revenue of $87,950,277, expenses of $77,239,942 and total assets of $313,900,422 at year end.

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