Oklahoma Baptist University
- Assets
- $289.2m
- Revenue
- $81.0m
- Investments
- $25.6m
- Employees
- 1,055
- 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 05/2022, Oklahoma Baptist University employed 1,055 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 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $73.1m during the year ending 05/2021. While expenses have increased by 0.7% per year over the past 6 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 10 BACHELOR'S DEGREES, ONE ASSOCIATE'S DEGREE AND FOUR GRADUATE DEGREES. THERE ARE 80 UNDERGRADUATE ACADEMIC MAJOR FIELDS OF STUDY, WITH PRE-PROFESSIONAL DEGREES IN SEVERAL AREAS. THE ACADEMIC OFFERINGS ARE OPERATED THROUGH SEVEN COLLEGES: THEOLOGY AND MINISTRY, SCIENCE AND MATHEMATICS, HUMANITIES AND SOCIAL SCIENCE, BUSINESS, FINE ARTS, NURSING, AND GRADUATE AND PROFESSIONAL STUDIES. THE UNIVERSITY'S CORE CURRICULUM INTEGRATES ACADEMIC DISCIPLINES TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION. MASTERS'S DEGREES ARE OFFERED IN BUSINESS ADMINISTRATION, MARRIAGE AND FAMILY THERAPY, NURSING AND RELIGION. THE UNIVERSITY'S FOUR-YEAR GRADUATION RATE IS AMONG THE HIGHEST IN THE STATE AND REGION.
OKLAHOMA BAPTIST UNIVERSITY (OBU) 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 1,000 OF THE UNIVERSITY'S APPROXIMATELY 1,500 ENROLLED STUDENTS. CAMPUS DINING, INCLUDING CATERING SERVICES, IS PROVIDED THROUGH CHARTWELLS, A COMPASS GROUP COMPANY. THE UNIVERSITY'S BOOKSTORE IS OPERATED BY TREE OF LIFE BOOKSTORES.
MISCELLANEOUS REVENUE GENERATED FROM EDUCATIONAL SALES/SERVICES/EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Heath Thomas President | Officer | 50 | $192,526 |
Susan Dewoody Provost | 50 | $154,459 | |
Randy L Smith Cfo/evp Bus. & Admin Svcs | Officer | 50 | $152,574 |
Timothy Rasnic Vice President For Advancement | 50 | $140,027 | |
Matthew Emerson Dean Of Theology, Arts & Humanities | 50 | $118,350 | |
David Houghton Division Chair, Business | 50 | $113,291 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food/catering Services | 5/30/22 | $3,045,254 |
Realtree Roofing & Contruction Contruction Services | 5/30/22 | $1,204,801 |
Tree Of Life Bookstore Inc Bookstore Services | 5/30/22 | $1,072,029 |
Monarch Marketing Group Llc Marketing Consultant Services | 5/30/22 | $510,335 |
Aramark Facilities Custodial Services | 5/30/22 | $993,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,956,629 |
| Government grants | $3,814,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,380,214 |
| Noncash contributions included in lines 1a–1f | $8,578 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,151,167 |
| Total Program Service Revenue | $61,322,480 |
| 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 organizations and domestic governments. | $0 |
| 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 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 | $719,598 |
| 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 |
| Net Land, buildings, and equipment | $102,149,614 |
| 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 | $94,348,266 |
| Net assets with donor restrictions | $163,812,749 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $289,242,729 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Oklahoma Baptist University has recieved totaling $1,254,271.
| Awarding Organization | Amount |
|---|---|
Psalm 25 10 Foundation Fort Worth, TX PURPOSE: GENERAL FUND | $1,000,000 |
St Anthony Shawnee Hospital Inc St Louis, MO PURPOSE: Support for university and educational programs | $112,614 |
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $35,500 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $25,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $15,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $10,540 |
Endowment Analysis
| Beg. Balance | $161,606,659 |
| Earnings | $9,426,760 |
| Admin Expense | $262,745 |
| Net Contributions | $2,343,658 |
| Other Expense | $2,878,204 |
| Grants | $3,078,361 |
| Ending Balance | $167,157,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern University Georgetown, TX | $545,443,629 | $120,545,319 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Oklahoma Baptist University Shawnee, OK | $289,242,729 | $80,964,114 |
Oklahoma Christian University Inc Oklahoma City, OK | $129,228,959 | $77,254,883 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
Wayland Baptist University Plainview, TX | $171,784,780 | $76,328,072 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |