Civic Intelligence

Oklahoma Baptist University

990 • Fiscal year 2019 • EIN 73-0579264

Jun 01, 2018 to May 31, 2019 • Filed on Apr 14, 2020

500 W University Box 61207Shawnee, OK 74804

(405) 275-2850

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.15x

Higher debt load relative to assets than 33% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.45x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

53rd percentile

4.9%

Higher net margin than 53% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$285,861

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

24th percentile

-0.5%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

1.2%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Down

$234,851,359

Down $1,233,685 (-0.5%) from 2018

Net Assets

Up

$199,140,842

Up $494,885 (+0.2%) from 2018

Liabilities

Down

$35,710,517

Down $1,728,570 (-4.6%) from 2018

Revenue

Up

$79,802,149

Up $960,091 (+1.2%) from 2018

Expenses

Down

$75,929,443

Down $845,021 (-1.1%) from 2018

Net Income

Up

$3,872,706

Up $1,805,112 (+87%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $162,578,095Liabilities 2010: $17,151,211Net Assets 2010: $145,426,8842010Assets 2011: $171,572,843Liabilities 2011: $17,040,401Net Assets 2011: $154,532,4422011Assets 2012: $170,601,784Liabilities 2012: $17,699,230Net Assets 2012: $152,902,5542012Assets 2013: $180,875,965Liabilities 2013: $17,478,044Net Assets 2013: $163,397,9212013Assets 2014: $204,252,448Liabilities 2014: $25,079,833Net Assets 2014: $179,172,6152014Assets 2015: $219,244,219Liabilities 2015: $33,517,085Net Assets 2015: $185,727,1342015Assets 2016: $222,866,198Liabilities 2016: $42,123,660Net Assets 2016: $180,742,5382016Assets 2017: $229,752,236Liabilities 2017: $40,117,998Net Assets 2017: $189,634,2382017Assets 2018: $236,085,044Liabilities 2018: $37,439,087Net Assets 2018: $198,645,9572018Assets 2019: $234,851,359Liabilities 2019: $35,710,517Net Assets 2019: $199,140,8422019Assets 2020: $254,941,936Liabilities 2020: $33,903,854Net Assets 2020: $221,038,0822020Assets 2021: $289,242,729Liabilities 2021: $31,081,714Net Assets 2021: $258,161,0152021Assets 2022: $299,250,715Liabilities 2022: $28,112,024Net Assets 2022: $271,138,6912022Assets 2023: $314,549,066Liabilities 2023: $32,647,645Net Assets 2023: $281,901,4212023Assets 2024: $326,628,425Liabilities 2024: $24,464,655Net Assets 2024: $302,163,7702024

Highlighted filing

2019

Assets$234,851,359
Liabilities$35,710,517
Net Assets$199,140,842

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2010: $43,928,3382010Revenue 2011: $49,152,466Expenses 2011: $48,011,719Net Income 2011: $1,140,7472011Revenue 2012: $55,398,069Expenses 2012: $53,310,850Net Income 2012: $2,087,2192012Revenue 2013: $62,307,413Expenses 2013: $57,553,342Net Income 2013: $4,754,0712013Revenue 2014: $68,636,426Expenses 2014: $58,779,301Net Income 2014: $9,857,1252014Revenue 2015: $69,162,525Expenses 2015: $65,112,185Net Income 2015: $4,050,3402015Revenue 2016: $72,819,374Expenses 2016: $70,013,699Net Income 2016: $2,805,6752016Revenue 2017: $75,541,202Expenses 2017: $73,834,967Net Income 2017: $1,706,2352017Revenue 2018: $78,842,058Expenses 2018: $76,774,464Net Income 2018: $2,067,5942018Revenue 2019: $79,802,149Expenses 2019: $75,929,443Net Income 2019: $3,872,7062019Revenue 2020: $100,424,858Expenses 2020: $73,598,410Net Income 2020: $26,826,4482020Revenue 2021: $80,964,114Expenses 2021: $73,125,608Net Income 2021: $7,838,5062021Revenue 2022: $82,485,292Expenses 2022: $70,852,162Net Income 2022: $11,633,1302022Revenue 2023: $87,876,338Expenses 2023: $77,857,878Net Income 2023: $10,018,4602023Revenue 2024: $96,576,340Expenses 2024: $74,662,756Net Income 2024: $21,913,5842024

Highlighted filing

2019

Revenue$79,802,149
Expenses$75,929,443
Net Income$3,872,706
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 14, 2020
Return Version
2018v3.1
Gross Receipts
$91,049,872
Mission and Program Overview

Mission

As a christian liberal arts university, oklahoma baptist university 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.

A Christian Liberal Arts University

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$94,242,712$92,029,951▼ $2,212,761
Investments Other Securities$7,672,263$10,441,082▲ $2,768,819
Accounts Receivable$3,055,003$2,598,682▼ $456,321
Savings and Temporary Cash Investments$1,919,539$1,561,051▼ $358,488
Investments in Publicly Traded Securities$1,141,156$1,150,145▲ $8,989
Investments Program Related$1,192,263$1,059,665▼ $132,598
Prepaid Expenses and Deferred Charges$771,562$779,059▲ $7,497
Cash and Non-Interest-Bearing Accounts$10,127$176,000▲ $165,873
Inventories for Sale or Use$1,731$5,437▲ $3,706
Total Assets$236,085,044$234,851,359▼ $1,233,685
Other Assets Total$126,078,688$125,050,287▼ $1,028,401
Liabilities
Mortgage Notes Payable Secured by Investment Property$28,324,365$26,113,648▼ $2,210,717
Other Liabilities$4,688,104$4,980,417▲ $292,313
Deferred Revenue$3,069,623$2,825,960▼ $243,663
Accounts Payable and Accrued Expenses$1,356,995$1,790,492▲ $433,497
Total Liabilities$37,439,087$35,710,517▼ $1,728,570
Net Assets / Fund Balance
Permanently Rstr Net Assets$128,564,017$129,761,532▲ $1,197,515
Unrestricted Net Assets$70,081,940$69,379,310▼ $702,630
Temporarily Rstr Net Assets-$0-
Total Net Assets Fund Balance$198,645,957$199,140,842▲ $494,885
Total Liabilities and Net Assets / Fund Balance$236,085,044$234,851,359▼ $1,233,685

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$78,374,590$33,748,483$112,123,073
Equipment$5,624,309$22,980,648$28,604,957
Other Land Buildings$3,370,972$4,835,869$8,206,841
Land$4,660,080-$4,660,080
Other Assets Org$121,435,713--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$134,725,695$2,975,309▲ $189,329$3,070,124$130,727,579
2017$126,580,053$1,291,061▲ $13,578,592$725,464$134,725,695
2016$116,706,778$2,031,276▲ $14,172,510$1,916,111$126,580,053
2015$121,778,962$2,189,159▼ $2,890,369$480,720$116,706,778
2014$117,482,989$864,061▲ $7,595,516$270,572$121,778,962
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David W Whitlock part yearPresidentFT$181,288$105,653$286,941
Randy L SmithCFO/EVP Bus. & Admin SvcsFT$151,206$56,709$207,915
William SmallwoodSr VP AdvancementFT$128,735$24,163$152,898
Lepaine McHenryDean, College of NursingFT$126,407$19,865$146,272
Susan DeWoodyProvostFT$126,362$18,789$145,151
David HoughtonDean, College of BusinessFT$114,823$23,594$138,417
Richard RudebockProfessor of BusinessFT$100,603$14,396$114,999

Board Members and Trustees

NameTitle
Steve AllenChairman
Dr C Pat TaylorInterim President
Danna HumphreysVice Chairman
AJ TigerTrustee
Andy FinchTrustee
Ben StewartTrustee
Bill GwartneyTrustee
Brian WaddellTrustee
Bryan GilbertTrustee
Denver TalleyTrustee
Don ScottTrustee
Eddie LakeyTrustee
Eric CostanzoTrustee
Glenn CoffeeTrustee
Hance DilbeckTrustee
Ingrid JacksonTrustee
Jason YarboroughTrustee
Jeff MooreTrustee
Joe PotterTrustee
Joe SherrerTrustee
John LeeTrustee
LaVerne DowdingTrustee
Lance FordTrustee
Lee WittTrustee
Owen NeaseTrustee
Ron ReiserTrustee
Ronda MiklesTrustee
Sam GarlowTrustee
Scott WatkinsTrustee
Sheri WagnerTrustee
James WilderSecretary
Scott NeighborsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
ChartwellsFood/Catering Svcs500 W University, Shawnee, OK 74804$3,182,600
Tree of Life Bookstore IncBookstore Contractor1500 S Western Ave, Marion, IN 46953$1,187,518
Aramark FacilitiesCustodial Services500 W University PO Box 61737, Shawnee, OK 74804$972,693
Lingo Construction ServicesConstruction Contractor123 NW 8th Street, Oklahoma City, OK 73102$542,999
Ruffalo Noel LevitzConsulting ServicesPO Box 718, Des Moines, IA 50303$502,845
Revenue and Support

Revenue Composition

Contributions and Grants
$9,754,324
Program Service Revenue
$62,924,663
Investment Income
$6,665,998
Other Revenue
$457,164
All Other Contributions
$4,681,595
Change in Net Assets
$3,872,706

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$121,742Public exchange
Cars and Other Vehicles2$10,615Appraised market value
Total Noncash Contributions8$132,357-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$28,881,980
Salaries, Compensation, and Employee Benefits$26,703,336
Other Expenses$20,249,169
Total Fundraising Expense$1,676,047
Professional Fundraising Fees$94,958

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$28,881,980--$28,881,980
Other Salaries and Wages$16,008,299$2,350,075$685,523$19,043,897
Other Employee Benefits$1,776,757$2,207,293$95,468$4,079,518
Depreciation Depletion$3,987,114$30,083$20,136$4,037,333
Occupancy$2,782,024$31,131$12,915$2,826,070
Travel$1,869,334$90,872$38,008$1,998,214
Office Expenses$1,554,888$238,393$77,660$1,870,941
Payroll Taxes$1,143,461$209,770$46,805$1,400,036
Pension Plan Contributions$1,028,145$136,369$34,463$1,198,977
Interest$1,020,964$8,926$284$1,030,174
Current Officers, Directors, Trustees, and Key Employees-$559,717$349,424$909,141
Information Technology$349,512$412,595$99,602$861,709
All Other Expenses$623,987$90,135$48,494$762,616
Conferences and Meetings$467,334$182,782$53,884$704,000
Insurance$683,810--$683,810
Advertising$315,515$365,533$2,397$683,445
Fees for Services Other$524,182$62,943$14,082$601,207
Other Expenses$351,949$148,453$1,944$502,346
Fees for Services Professional Fundraising--$94,958$94,958
Fees for Services Accounting-$91,548-$91,548
Comp Disqual Persons$33,734$38,033-$71,767
Fees for Services Legal-$41,786-$41,786
Fees for Service Investment Mgmnt Fees-$25,510-$25,510
Total Functional Expenses$66,398,219$7,855,177$1,676,047$75,929,443
International Activity

International Summary

Offices
0
Employees
0
Spending
$431,535

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland & Greenland)Program ServicesStudent Trips00$160,363
Russia and Neighboring StatesProgram ServicesStudent Trips00$54,870
South AmericaProgram ServicesStudent Trips00$51,793
Sub-Saharan AfricaProgram ServicesStudent Trips00$48,322
Central America and the CaribbeanProgram ServicesStudent Trips00$37,577
East Asia and the PacificProgram ServicesStudent Trips00$29,074
South AsiaProgram ServicesStudent Trips00$28,205
Middle East and North AfricaProgram ServicesStudent Trips00$12,995
North AmericaProgram ServicesStudent Trips00$8,336
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$140,632
Professional Fundraising Fees$94,958
Fundraising Gross Income$17,877

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Green & Gold Gala$100,979$17,877$26,364$-8,487
Total Events$100,979$17,877$140,632$-122,755
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joshua C WhitlockFamily member of David W. Whitlock, PresidentW-2 EmployeeNo$38,033
Michelle WhitlockFamily member of David W. Whitlock, PresidentW-2 EmployeeNo$33,734
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post-retirement benefits obligation$3,228,000
Asset retirement obligation$1,062,792
Government advances refundable$689,625
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

Oklahoma Baptist University was organized by action of the Baptist General Convention of Oklahoma (BGCO). According to the University's bylaws, the BGCO has the power to remove (for cause) trustees and replace them. The Executive Director - Treasurer of the BGCO is a trustee on the University's board.

Form 990, Part VI, Section B, line 11B

The Form 990 is prepared by an independent CPA firm and then reviewed in detail by the Finance Team. It is then made available to the Audit Committee and the entire Board prior to being filed with the IRS.

Form 990, Part VI, Section B, line 12C

Officers, trustees, key employees and all employees with budgetary responsibility are required to submit conflict of interest disclosures annually. These forms are reviewed by management as well as the Audit Committee. Any conflicts or potential conflicts are resolved by the Audit Committee and the Board of Trustees. All interested parties are required to recuse themselves from board deliberations and any subsequent vote.

Form 990, Part VI, Section B, line 15

The University participates in annual salary studies of various higher education associations and uses the studies to review appropriateness of officer and key employee salary and benefits. The President has an annual review by the Board of Trustees that includes a performance review and comparison to average salaries and benefits of like institutions. The deliberations and decisions regarding executive compensation are documented in the board minutes.

Form 990, Part VI, Section C, line 19

The organization's audited financial statements and conflict of interest policy are available on the organization's website. The organization's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Oklahoma Baptist University
EIN
73-0579264
Phone
4052752850
Address
500 W University Box 61207, Shawnee, OK 74804

Signing Officer

Name
Randy Smith
Title
Exec VP of Bus. & Admin Svcs
Phone
4052752850
Signed
2020-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Heath Thomas
Formed
1910
Legal Domicile
Ok
Voting Board Members
31
Independent Board Members
31
Employees
1,318
Volunteers
59

Preparer

Firm
Capin Crouse LLP
Address
2435 Research Parkway STE 200, Colorado Springs, CO 80920
Preparer
Ted R Batson Jr
Phone
7195286225
Supplemental Narrative

Additional Explanations

Form 990, Part X, Lines 27-29:

In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $69,379,310 Line 29 - Net assets with donor restrictions 129,761,532 Total net assets $199,140,842

Form 990, Part XI, line 9:

Change in value of investments held by supporting organization -1,116,402. Change in value of beneficial interests in funds held by others 32,417.

Financial Statement Notes

Part V, Line 4:

Income from endowment funds is used to provide scholarships, instructional and academic support, funding for faculty positions, faculty development as well as overall operational support for the University.

Form 990, Schedule D, Part V, Line 1:

The endowment activity also includes the beneficial interests, future interest in remainder interests, and amounts held by the University for student loans. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions

Raw XML AppendixShowing 400 of 1,235 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Academic Instruction - Oklahoma Baptist University offers 10 bachelor's degrees, one associate's degree and four graduate degrees. There are 88 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. Master'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.
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IRS990/Form990PartVIISectionAGrp/PersonNm5Lee Witt
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IRS990/Form990PartVIISectionAGrp/PersonNm8Andy Finch
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IRS990/Form990PartVIISectionAGrp/PersonNm10LaVerne Dowding
IRS990/Form990PartVIISectionAGrp/PersonNm11Eric Costanzo
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IRS990/Form990PartVIISectionAGrp/PersonNm13Jeff Moore
IRS990/Form990PartVIISectionAGrp/PersonNm14Denver Talley
IRS990/Form990PartVIISectionAGrp/PersonNm15Ben Stewart
IRS990/Form990PartVIISectionAGrp/PersonNm16Glenn Coffee
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IRS990/Form990PartVIISectionAGrp/PersonNm33Dr C Pat Taylor
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IRS990/Form990PartVIISectionAGrp/PersonNm38Lepaine McHenry
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$327$24.5$302$96.6$74.7$21.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$315$32.6$282$87.9$77.9$10.0
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$299$28.1$271$82.5$70.9$11.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$289$31.1$258$81.0$73.1$7.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$255$33.9$221$100$73.6$26.8
2019Detailed filing. Detailed filing data is available for this year.$235$35.7$199$79.8$75.9$3.87
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$236$37.4$199$78.8$76.8$2.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$230$40.1$190$75.5$73.8$1.71
2016Detailed filing. Detailed filing data is available for this year.$223$42.1$181$72.8$70.0$2.81
2015Detailed filing. Detailed filing data is available for this year.$219$33.5$186$69.2$65.1$4.05
2014Summary only. Only limited summary data is available for this year.$204$25.1$179$68.6$58.8$9.86
2013Summary only. Only limited summary data is available for this year.$181$17.5$163$62.3$57.6$4.75
2012Summary only. Only limited summary data is available for this year.$171$17.7$153$55.4$53.3$2.09
2011Summary only. Only limited summary data is available for this year.$172$17.0$155$49.2$48.0$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$17.2$145$43.9