Randall University Inc
- Assets
- $6.8m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 136
- Location
- Moore, OK
- Founding
- 11/1991
- Data as of
- 06/2022
- 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 06/2022, Randall University Inc employed 136 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 06/2022, Randall University Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 5.6% 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
2022
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. 322 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Dickey Trustee | Trustee | 1 | $0 |
Steve Mayhew Trustee | Trustee | 1 | $0 |
Ryan Long Trustee | Trustee | 1 | $0 |
Bruce Sharp Trustee | Trustee | 1 | $0 |
Brent Meadows Trustee | Trustee | 1 | $0 |
David Morrow Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $252,136 |
| Government grants | $619,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $815,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,687,178 |
| Total Program Service Revenue | $5,110,387 |
| Investment income | $20,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,051 |
| 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 | -$7,935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,854,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,979,693 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $182,059 |
| Compensation of current officers, directors, key employees. | $17,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,562,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,744 |
| Payroll taxes | $55,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,874 |
| Advertising and promotion | $13,938 |
| Office expenses | $163,528 |
| Information technology | $70,517 |
| Royalties | $0 |
| Occupancy | $273,615 |
| Travel | $132,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,836 |
| Interest | $123,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,449 |
| Insurance | $158,970 |
| All other expenses | $0 |
| Total functional expenses | $6,053,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,531,459 |
| Savings and temporary cash investments | $843,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,290 |
| Prepaid expenses and deferred charges | $18,640 |
| Net Land, buildings, and equipment | $4,161,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,838,924 |
| Accounts payable and accrued expenses | $47,345 |
| Grants payable | $0 |
| Deferred revenue | $121,379 |
| 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 | $2,262,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,200 |
| Total liabilities | $2,454,473 |
| Net assets without donor restrictions | $3,244,581 |
| Net assets with donor restrictions | $1,139,870 |
| 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 | $6,838,924 |