Randall University Inc
- Assets
- $6.6m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 156
- Location
- Moore, OK
- Founding
- 11/1991
- Data as of
- 06/2021
- EIN
- 73-0774245
Organization Overview
Randall University Inc is located in Moore, OK. The organization was established in 1991. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Randall University Inc employed 156 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Randall University Inc 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 06/2021, Randall University Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $6.0m during the year ending 06/2021. While expenses have increased by 7.4% 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
AN ACCREDITED POST-SECONDARY INSTITUTION OF HIGHER EDUCATION. THE UNIVERSITY OFFERS SEVERAL DEGREE PROGRAMS, OFFERS SIX SPORTS PROGRAMS, AND CURRENTLY ENROLLS APPROXIMATELY 350 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST SECONDARY ACCREDITED INSTITUION OF HIGHER EDUCATION. COLLEGE OFFERS 1 2-YR ASSOCIATES AND 18 4-YR BACHELORS DEGREES. 344 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Jenson Chief Financial Officer | Officer | 40 | $71,654 |
Robert G Thompson President | Officer | 40 | $65,136 |
Brent Meadows Trustee | Trustee | 1 | $0 |
Randy Puckett Trustee | Trustee | 1 | $0 |
Ray Paxton Trustee | Trustee | 1 | $0 |
Doug Dickey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $275,616 |
| Government grants | $998,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $921,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,195,456 |
| Total Program Service Revenue | $5,169,999 |
| Investment income | $20,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,016 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,433,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,176,476 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,657 |
| Compensation of current officers, directors, key employees. | $17,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,571,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $196,326 |
| Payroll taxes | $110,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $395,484 |
| Advertising and promotion | $8,324 |
| Office expenses | $157,923 |
| Information technology | $60,354 |
| Royalties | $0 |
| Occupancy | $201,409 |
| Travel | $85,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,210 |
| Interest | $137,387 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,379 |
| Insurance | $144,944 |
| All other expenses | $0 |
| Total functional expenses | $6,006,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,193,769 |
| Savings and temporary cash investments | $743,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $429,991 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,654 |
| Prepaid expenses and deferred charges | $8,641 |
| Net Land, buildings, and equipment | $4,228,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,608,368 |
| Accounts payable and accrued expenses | $108,252 |
| Grants payable | $0 |
| Deferred revenue | $176,614 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,564,308 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $174,927 |
| Total liabilities | $3,024,101 |
| Net assets without donor restrictions | $2,544,269 |
| Net assets with donor restrictions | $1,039,998 |
| 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 | $6,608,368 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Randall University Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
The Foundation For Oklahoma Rotary Inc Norman, OK PURPOSE: Tornado Relief | $0 |
Endowment Analysis
| Beg. Balance | $530,133 |
| Earnings | $7,456 |
| Net Contributions | $28,313 |
| Other Expense | $7,456 |
| Ending Balance | $558,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Randall University Inc Moore, OK | $6,608,368 | $7,433,894 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |