Oklahoma Baptist University
- Assets
- $289.2m
- Revenue
- $81.0m
- Investments
- $25.6m
- Employees
- 1,043
- Location
- Shawnee, OK
- Founding
- 06/1956
- Data as of
- 05/2021
- EIN
- 73-0579264
Organization Overview
Oklahoma Baptist University is located in Shawnee, OK. The organization was established in 1956. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Oklahoma Baptist University employed 1,043 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Baptist University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2021, Oklahoma Baptist University generated $81.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $73.1m during the year ending 05/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A CHRISTIAN LIBERAL ARTS UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION OKLAHOMA BAPTIST UNIVERSITY OFFERS OVER 80 UNDERGRADUATE ACADEMIC MAJOR FIELDS OF STUDY, WITH PRE-PROFESSIONAL DEGREES IN SEVERAL AREAS. THE ACADEMIC OFFERINGS ARE OPERATED THROUGH SCHOOLS AND DIVISIONS: THEOLOGY AND MINISTRY, SCIENCE AND MATHEMATICS, BEHAVIORAL AND SOCIAL SCIENCE, BUSINESS, EDUCATION, EXERCISE SCIENCE, SPORTS AND RECREATION, LANGUAGE AND LITERATURE, NURSING, VISUAL AND PERFORMING ARTS PLUS SEVERAL GRADUATE, ONLINE AND PROFESSIONAL CERTIFICATE PROGRAMS. THE UNIVERSITY'S CORE CURRICULUM INTEGRATES ACADEMIC DISCIPLINES TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION. MASTERS' DEGREES ARE OFFERED IN BUSINESS ADMINISTRATION, MARRIAGE AND FAMILY THERAPY, THEOLOGY. THE UNIVERSITY'S FOUR-YEAR GRADUATION RATE IS AMONG THE HIGHEST IN THE STATE AND REGION.
MISCELLANEOUS REVENUE GENERATED FROM EDUCATIONAL SALES/SERVICES/EVENTS.
STUDENT SERVICES OKLAHOMA BAPTIST UNIVERSITY PROVIDES A RANGE OF SERVICES TO STUDENTS, INCLUDING HEALTH SERVICES, CAREER PLANNING AND PLACEMENT, COUNSELING, FINANCIAL AID, ATHLETIC OPPORTUNITIES THROUGH 13 VARSITY SPORTS, AN EXTENSIVE INTRAMURAL AND CLUB SPORTS PROGRAM, CAMPUS ACTIVITIES, A UNIVERSITY CONCERT SERIES, AND AN ARRAY OF CAMPUS MINISTRY PROGRAMS, INCLUDING EIGHT LOCAL MINISTRY TEAMS, AND YEAR-ROUND INTERNATIONAL MISSIONS AND SERVICE EXPERIENCES. THESE SERVICES ARE TIED TO OBU'S MISSION STATEMENT: AS A CHRISTIAN LIBERAL ARTS UNIVERSITY, OBU TRANSFORMS LIVES BY EQUIPPING STUDENTS TO PURSUE ACADEMIC EXCELLENCE, INTEGRATE FAITH WITH ALL AREAS OF KNOWLEDGE, ENGAGE A DIVERSE WORLD, AND LIVE WORTHY OF THE HIGH CALLING OF GOD IN CHRIST.
AUXILIARY ENTERPRISES OKLAHOMA BAPTIST UNIVERSITY OPERATES RESIDENTIAL FACILITIES FOR APPROXIMATELY 950 OF THE UNIVERSITY'S APPROXIMATELY 1,400 ENROLLED STUDENTS. CAMPUS DINING, INCLUDING CATERING SERVICES, IS PROVIDED THROUGH CHARTWELL'S, A COMPASS GROUP COMPANY. THE UNIVERSITY'S BOOKSTORE IS OPERATED BY SLINGSHOT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 0.5 | $0 |
Name Not Listed Chairman | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee | Trustee | 0.5 | $0 |
Name Not Listed Trustee (part Year) | Trustee | 0.5 | $0 |
Name Not Listed Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Food/catering Services | 5/30/23 | $3,143,289 |
Realtree Roofing & Construction Construction Services | 5/30/23 | $2,326,544 |
Slingshot Lp Bookstore Services | 5/30/23 | $1,115,496 |
Lingo Construction Services Inc Construction Services | 5/30/23 | $846,397 |
Aramark Facilities Custodial Services | 5/30/23 | $555,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,151,167 |
| Investment income | $6,661,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $818,326 |
| Net Rental Income | $24,192 |
| Net Gain/Loss on Asset Sales | -$13,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,964,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,241,585 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,623,919 |
| Pension plan accruals and contributions | $775,818 |
| Other employee benefits | $3,364,088 |
| Payroll taxes | $1,316,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,674 |
| Fees for services: Accounting | $78,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $86,239 |
| Fees for services: Investment Management | $36,880 |
| Fees for services: Other | $1,064,343 |
| Advertising and promotion | $723,570 |
| Office expenses | $1,816,600 |
| Information technology | $1,180,590 |
| Royalties | $0 |
| Occupancy | $3,060,351 |
| Travel | $497,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,334 |
| Interest | $900,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,053,425 |
| Insurance | $280,533 |
| All other expenses | $0 |
| Total functional expenses | $73,125,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,870 |
| Savings and temporary cash investments | $2,159,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,042,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $229 |
| Prepaid expenses and deferred charges | $463,179 |
| Investments—publicly traded securities | $946,363 |
| Investments—other securities | $25,589,839 |
| Investments—program-related | $717,961 |
| Intangible assets | $0 |
| Other assets | $153,945,931 |
| Total assets | $289,242,729 |
| Accounts payable and accrued expenses | $1,910,394 |
| Grants payable | $0 |
| Deferred revenue | $295,023 |
| Tax-exempt bond liabilities | $21,925,016 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,985,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,965,476 |
| Total liabilities | $31,081,714 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $258,161,015 |