FREED-HARDEMAN UNIVERSITY Charity Report

Public IRS 990 nonprofit record

FREED-HARDEMAN UNIVERSITY

EIN 62-0518288 · Education (B420)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders42 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.61%of revenue went to mission work93.5% of expenses · Program services

$76.55spent for every $100 of revenueRevenue covered expenses this year.

4.95%of revenue went to management and office costs6.5% of expenses

$3.93in assets for every $1 spent this yearSome assets cannot be spent right away.

28.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $327,534 for DAVID R SHANNON (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$78,463,666

Mission workProgram services$56,183,93771.61% of revenue93.5% of expenses

ManagementOffice and general costs$3,883,7124.95% of revenue6.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$18,396,01723.45% of revenueShown in gray on the chart

Total expenses$60,067,64976.55% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 93.5% mission · 6.5% management · 0.0% fundraisingTotal expenses: 76.55% of revenue

2023Expense mix: 87.8% mission · 8.7% management · 3.5% fundraisingTotal expenses: 85.13% of revenue

2022Expense mix: 87.6% mission · 8.5% management · 4.0% fundraisingTotal expenses: 86.14% of revenue

2021Expense mix: 87.6% mission · 8.6% management · 3.8% fundraisingTotal expenses: 77.44% of revenue

2020Expense mix: 86.9% mission · 9.2% management · 3.9% fundraisingTotal expenses: 88.93% of revenue

2019Expense mix: 78.4% mission · 17.6% management · 4.0% fundraisingTotal expenses: 94.99% of revenue

2018Expense mix: 79.5% mission · 16.8% management · 3.6% fundraisingTotal expenses: 93.10% of revenue

2017Expense mix: 85.3% mission · 11.2% management · 3.5% fundraisingTotal expenses: 88.47% of revenue

Money in and money out

Revenue$78,463,666

Expenses$60,067,649

Annual surplus $18,396,017 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$56,183,937 · 93.5% of expenses

Management and office costs$3,883,712 · 6.5% of expenses

See all reported dollar amounts

Revenue$78,463,666

Expenses$60,067,649

Assets$236,190,303

Income$78,740,565

Contributions$22,373,789

Mission work (program services)$56,183,937

Management and general$3,883,712

Stocks and bonds$106,566,493

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID R SHANNONPRESIDENT · 40 hrs/week $327,534Base $307,458 · Other $20,076

JASON BRASHIERVICE PRESIDENT FOR FINANCE · 40 hrs/week $181,401Base $161,090 · Other $20,311

LEANN DAVISVICE PRESIDENT FOR ACADEMICS · 40 hrs/week $173,663Base $152,838 · Other $20,825

DAVID CLOUSESENIOR VICE PRESIDENT · 40 hrs/week $167,791Base $151,816 · Other $15,975

JERRY A SATTERFIELDCHIEF INVESTMENT OFFICER · 40 hrs/week $154,500Base $143,396 · Other $11,104

STEPHEN MARVINPROFESSOR · 40 hrs/week $151,212Base $132,159 · Other $19,053

BRANDON LANCILOTIASSOCIATE PROFESSOR · 40 hrs/week $139,067Base $119,532 · Other $19,535

HIBBETT LEEPROFESSOR · 40 hrs/week $130,264Base $111,426 · Other $18,838

SHAREN CYPRESSPROFESSOR · 40 hrs/week $123,102Base $113,177 · Other $9,925

TOMMIE KIRKVP FOR STUDENT SERVICES · 40 hrs/week $106,220Base $102,160 · Other $4,060

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (42)

DAVID R SHANNONPRESIDENT

JASON BRASHIERVICE PRESIDENT FOR FINANCE

LEANN DAVISVICE PRESIDENT FOR ACADEMICS

DAVID CLOUSESENIOR VICE PRESIDENT

JERRY A SATTERFIELDCHIEF INVESTMENT OFFICER

STEPHEN MARVINPROFESSOR

BRANDON LANCILOTIASSOCIATE PROFESSOR

HIBBETT LEEPROFESSOR

SHAREN CYPRESSPROFESSOR

TOMMIE KIRKVP FOR STUDENT SERVICES

SCOTT LATHAMCHAIRMAN

LARRY W BLOOMINGBURGTRUSTEE

LEE JOHNSONTRUSTEE

MARK NEWBYTRUSTEE

MYNONNE TATETRUSTEE

NATHAN B PRIDETRUSTEE

PEGGY TIDWELLTRUSTEE

JOHN DEBERRY JRTRUSTEE

STEVE BAGGETTTRUSTEE

STEVE ESTESVICE CHAIRMAN

TED H WILLIAMSIMMEDIATE PAST CHAIRMAN

TERRY CREWSTRUSTEE

THOMAS GUMMTRUSTEE

TONY WILLIAMSTRUSTEE

GARY MASSEY JRTRUSTEE

BRETT L PHARRTRUSTEE

CHRIS A HALLMARKTRUSTEE

CURT ZONDERVANTRUSTEE

DAYLA CALENDINETRUSTEE

DR BILL MORGANTRUSTEE

DR DALE E JONESTRUSTEE

DR LYNN PATTERSONTRUSTEE

DR MATT GUYTRUSTEE

KYLE BATTETRUSTEE

GREGG A WOODALLTRUSTEE

JAMES LEONARDTRUSTEE

JANA RUCKERTRUSTEE

JAY T DRYDENTRUSTEE

JEFF JENKINSTRUSTEE

JOHN DODDSECRETARY

JOHN T LAWTRUSTEE

KATHERINE L BENNETTTRUSTEE

About this charity

Recognized since: January 1975
Location: 158 E MAIN ST, HENDERSON, TN 38340-2306
County: Chester
In care of: % RICHARD TAYLOR JR
Primary officer: JASON BRASHIER, CFO & VP FOR FINANCIAL SERVICES

How to reach them

WebsiteVisit the charity’s website Phone(731) 989-6000

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: CROSSLIN PLLC
NTEE classification: Education (B420)

FREED-HARDEMAN UNIVERSITY

FREED-HARDEMAN UNIVERSITY

What they do

Should I give to this charity?

Basic facts we verified

Money made simple

Ask these three easy questions

Financial picture

How each $100 of revenue was used

Has the pattern changed?

Money in and money out

Reported spending amounts

Leadership and board

People reported as paid

About this charity

How to reach them

Filing and classification

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