Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
35 people listed on the 990; $1.0M paid to officers and key staff.
David R Shannon’s $307K as President is at the 66th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| David R Shannon | $307,458 | $301,134 | $267,254 | $250,934 | $182,339 |
| Charles Vires | — | $176,718 | $172,968 | $170,738 | $124,062 |
| Jason Brashier | $161,090 | $153,840 | $151,690 | $144,123 | $124,511 |
| Leann Davis | $152,838 | $138,344 | $139,877 | $139,897 | $109,966 |
| David Clouse | $151,816 | $151,258 | $145,358 | $143,878 | $120,956 |
| Jerry a Satterfield | $143,396 | $144,146 | $136,858 | $135,378 | — |
| Stephen Marvin | $132,159 | $128,354 | $127,090 | $125,021 | — |
| Jeffrey Loyd | — | — | — | — | $131,931 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Freed-Hardeman University executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates students for lives of service through physical and spiritual development.
Questions for Freed-Hardeman University
Your first name shows with your question. Freed-Hardeman University answers here, for everyone.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 1 smaller program.
The auditor reported no findings.
Plus 1 smaller program.
The auditor reported no findings.
Plus 2 smaller programs.
The auditor reported no findings.
Plus 2 smaller programs.
The auditor reported no findings.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|
| End of yearLn 1g | $79.6M | $61.2M | $58.8M | $57.9M | $51.9M |
| Given inLn 1b | $4.1M | $4.3M | $3.5M | $5.1M | $3.5M |
| SpentLn 1d–1f | $2.5M | $2.8M | $3.2M | $2.9M | $2.8M |
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.0M | $10.0M |
| InvestmentsLn 11–13 | $65.7M | $89.5M |
| Land, buildings, equipmentLn 10c | $76.5M | $64.0M |
| Total assetsLn 16 | $152.5M | $173.8M |
| LiabilitiesLn 26 | $39.7M | $39.4M |
| Net assetsLn 32 | $112.8M | $134.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $17.7M | $17.7M | ||
| Pay of current officers, directors and key staffLn 5 | $1.0M | $815K | $131K | $56K |
| Other salaries and wagesLn 7 | $15.1M | $12.3M | $2.0M | $840K |
| Pension plan contributionsLn 8 | $331K | $269K | $43K | $18K |
| Other employee benefitsLn 9 | $2.4M | $1.8M | $467K | $136K |
| Payroll taxesLn 10 | $1.1M | $916K | $96K | $59K |
| Accounting feesLn 11c | $75K | $75K | ||
| Lobbying feesLn 11d | $65K | $65K | ||
| Professional fundraising feesLn 11e | $66K | $66K | ||
| Other fees for servicesLn 11g | $695K | $689K | $6K | |
| Advertising and promotionLn 12 | $517K | $48K | $468K | |
| Information technologyLn 14 | $1.3M | $1.3M | ||
| TravelLn 17 | $443K | $402K | $3K | $38K |
| Conferences, conventions and meetingsLn 19 | $65K | $65K | ||
| InterestLn 20 | $1.0M | $1.0M | $12K | $12K |
| Depreciation, depletion and amortizationLn 22 | $2.1M | $2.1M | $24K | $24K |
| InsuranceLn 23 | $127K | $127K | ||
| Other expenses (24a–d)Ln 24 | $6.4M | $6.0M | $391K | $61K |
| All other expensesLn 24e | $1.9M | $1.3M | $293K | $243K |
| Total functional expensesLn 25 | $52.4M | $45.5M | $4.8M | $2.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jun 8, 2026 | $78.5M | $60.1M | $18.4M | $189.4M | 990 PDF |
| FY2024Filed with the IRS Apr 14, 2025 | $69.2M | $58.9M | $10.3M | $172.8M | 990 PDF |
| FY2023Filed with the IRS Apr 24, 2024 | $69.3M | $59.7M | $9.6M | $153.6M | 990 PDF |
| FY2022Filed with the IRS Apr 18, 2023 | $74.0M | $57.3M | $16.7M | $144.6M | 990 PDF |
| FY2021 ViewingFiled with the IRS Apr 18, 2022 | $58.9M | $52.4M | $6.5M | $134.3M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $58,919,175 revenue, 12 lines filed
Part VI · Governance 28 of 28 board members independent, 1 to look at
Part VIII · Statement of revenue $58,919,175 across 10 lines filed
Part IX · Statement of functional expenses $52,397,666 across 19 lines filed
Part X · Balance sheet $173,757,054 assets, 20 lines filed
Part XI · Reconciliation of net assets $134,347,015 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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