Hendrix College
74% goes to programs $6 to raise $100 Strong reserves
Hendrix College is a 501(c)(3) organization based in Conway, Arkansas, registered in 1942, with $87,950,277 in FY2024 revenue. CharityIndex grades it B+, and it directs about 74% of spending to programs.
1600 Washington Ave, Conway, AR, 72032 EIN 71-0236897 Since 1942
Revenue (FY2024)
$88.0M
▼ 1.5% vs prior year
Education median: $200K
Expenses (FY2024)
$77.2M
Net assets
$222.4M
Employees
1,073
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating74% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hendrix College: 74% to programs · $6 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hendrix College: 35 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hendrix College: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hendrix College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 1600 Washington Ave, Conway, AR, 72032
- City
- Conway
- State
- Arkansas
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $80.8M (FY2013) to $88.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $91.5MNet assets $222.4M
Operating margin
12.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$313.9M
Total liabilities
$91.5M
Net assets
$222.4M
Salaries & benefits
$24.4M
32% of expenses
Board members
33
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $87,950,277▼1.5% | $77,239,942▼7.6% | $222,410,385▲5.3% | $313,900,422▲1.7% | 990 |
| 2023 | $89,248,247▼8.4% | $83,569,066▼0.8% | $211,176,330▲5.6% | $308,546,839▲2.8% | 990 |
| 2022 | $97,458,898▼1.0% | $84,270,905▼3.9% | $199,978,206▼5.7% | $300,216,797▼5.7% | 990 |
| 2021 | $98,419,951▲10.6% | $87,649,795▲0.2% | $212,145,424▼3.7% | $318,329,586▼5.4% | 990 |
| 2020 | $88,969,197▲12.1% | $87,517,067▲3.8% | $220,234,030▲25.0% | $336,428,695▲13.7% | 990 |
| 2019 | $79,351,340▼15.7% | $84,297,121▼7.3% | $176,125,951▼7.4% | $295,762,226▼3.1% | 990 |
| 2018 | $94,138,967▼6.4% | $90,979,112▲2.3% | $190,207,495▼9.1% | $305,337,825▼5.1% | 990 |
| 2017 | $100,615,476▲23.0% | $88,973,364▼1.5% | $209,329,459▲6.4% | $321,611,581▲6.0% | 990 |
| 2016 | $81,828,622▲0.9% | $90,365,077▲6.3% | $196,824,225▲3.7% | $303,310,391▲3.3% | 990 |
| 2015 | $81,085,346▼22.9% | $85,021,055▼6.4% | $189,822,116▼5.9% | $293,571,394▼4.9% | 990 |
| 2014 | $105,177,448▲30.2% | $90,794,330▲5.8% | $201,782,991▲7.5% | $308,593,311▲6.7% | 990 |
| 2013 | $80,789,073 | $85,840,904▲5.8% | $187,697,453▲2.3% | $289,318,735▲2.3% | 990 |
| 2012 | — | $81,115,732▲8.8% | $183,389,478▲6.2% | $282,731,448▲8.4% | 990 |
| 2011 | — | $74,558,531▲1.7% | $172,653,367▼9.0% | $260,759,645▼6.6% | 990 |
| 2010 | — | $73,341,186▲12.2% | $189,765,916▲10.2% | $279,119,876▲5.0% | 990 |
| 2009 | — | $65,351,109 | $172,167,820 | $265,881,809 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Karen Petersen — $377,603 (0.49% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Karen Petersen | President | 40 | $377,603 |
| Kesha Baoua | Vp For Diversity and Inclusion | 40 | $200,000 |
| Terri Bonebright | Professor | 40 | $175,420 |
| Meredith Brunen | Vp For Advancement | 40 | $155,182 |
| Bernadette Hinkle | Vp For Finance and Cfo | 40 | $128,983 |
| Sam Nichols | Vp For Technology Services | 40 | $127,734 |
| Vicki Lynn | Vp of Human Resources | 40 | $127,380 |
| Amy Weaver | Director of Athletics | 40 | $127,207 |
| David Sutherland | Provost & Dean of the College | 40 | $122,342 |
| Teresa Garrett | Provost and Dean of the College | 40 | $108,737 |
| Bishop Laura Merrill | Trustee | 1 | — |
| Carolyn L Miller | Trustee | 1 | — |
| Darrin L Williams | Trustee | 1 | — |
| Derrick Smith | Trustee | 1 | — |
| Dr Charles Chappell | Trustee | 1 | — |
| Dr Hayden Franks | Trustee | 1 | — |
| Dr Joe G Hollyfield | Trustee | 1 | — |
| Dr John C Byrd | Trustee | 1 | — |
| Dr John C Robbins | Trustee | 1 | — |
| Dr Marquita S Norman | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Conway Corporation | Electrical Services | $1,929,113 |
| Us Foodservice | Food Supplier | $967,309 |
| Usable Mutual Insurance | Health and Dental Premiums | $907,949 |
| First Horizon Bank | Financial Services | $543,297 |
| Frist American Equipment | Equipment Leasing | $435,964 |
Grants received · $3.3M total
87 grants to Hendrix College totaling $3.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Hendrix College a legitimate nonprofit?
- Yes. Hendrix College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 71-0236897, based in Conway, Arkansas. Donations are tax-deductible.
- What is Hendrix College's EIN?
- Hendrix College's Employer Identification Number (EIN) is 71-0236897.
- How much revenue does Hendrix College report?
- Hendrix College reported $87,950,277 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hendrix College's spending goes to programs?
- Hendrix College spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hendrix College have?
- CharityIndex grades Hendrix College B+, based on program efficiency and fundraising cost.
- How much does Hendrix College's highest-paid employee make?
- The highest reported compensation on Hendrix College's latest Form 990 is $377,603, paid to Karen Petersen (President).
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Explore more
Data for Hendrix College (EIN 71-0236897) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.