2023-04-17T12:10:04-05:00 2022-05-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2021-06-01 730579264 Oklahoma Baptist University OKLA 4055855801 500 W University Box 61207 Shawnee OK 74804 Randy Smith Exec VP of Bus. & Admin Svcs 4052752850 2023-04-17 1 Randy Smith 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Dr Heath Thomas 500 W University Box 61207 Shawnee OK 74804 93083603 0 X www.okbu.edu X 1910 OK A Christian Liberal Arts University 31 31 1055 37 46615 0 12151167 17045322 61322480 55860010 6647949 8667331 842518 912629 80964114 82485292 30241585 28608952 0 0 23569205 20969062 86239 83419 1100778 19228579 21190729 73125608 70852162 7838506 11633130 289242729 299250715 31081714 28112024 258161015 271138691 X 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. 0 0 40277308 25959557 41189748 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. 13555446 2649395 5076061 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. 8501211 8360488 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. 1187098 Miscellaneous revenue generated from educational sales/services/events 1187098 62333965 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1992 0 1 1055 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X X Lester Kasterke - Asst VP for Finance 4055855130 500 W University Box 61207 Shawnee OK 74804 X Sam Garlow Chairman 0.50 X X 0 0 0 Michael Gabbert Vice Chairman 0.50 X X 0 0 0 Robert Morris Secretary 0.50 X X 0 0 0 Owen Nease Treasurer 0.50 X X 0 0 0 Ryan Aldrich Trustee 0.50 X 0 0 0 Nick Atyia Trustee 0.50 X 0 0 0 Steve Bagwell Trustee 0.50 X 0 0 0 Reagan Bradford Trustee 0.50 X 0 0 0 Matt Brooks Trustee 0.50 X 0 0 0 Matt Brown Trustee 0.50 X 0 0 0 Michael Carter Trusee 0.50 X 0 0 0 Aubrey Chapin Trustee 0.50 X 0 0 0 Kari Jones Trustee 0.50 X 0 0 0 Penny Klimas Trustee 0.50 X 0 0 0 Eric Costanzo Trustee 0.50 X 0 0 0 Steve Daniel Trustee 0.50 X 0 0 0 Hance Dilbeck Trustee 0.50 X 0 0 0 Diana Erwin Trustee 0.50 X 0 0 0 Ingrid Jackson Trustee 0.50 X 0 0 0 Robert Kellogg Trustee 0.50 X 0 0 0 David Lawrence Trustee 0.50 X 0 0 0 John Lee Trustee 0.50 X 0 0 0 Les Miller Trustee 0.50 X 0 0 0 Jonathan Pickett Trustee 0.50 X 0 0 0 Caleb Scott Trustee 0.50 X 0 0 0 Ben Stewart Trustee 0.50 X 0 0 0 Craig Towery Trustee 0.50 X 0 0 0 Brian Waddell Trustee 0.50 X 0 0 0 Scott Watkins Trustee 0.50 X 0 0 0 Chad Wilsie Trustee 0.50 X 0 0 0 Will Wilson Trustee 0.50 X 0 0 0 Ron Davis Trustee (part year) 0.50 X 0 0 0 Bryan Gilbert Trustee (part year) 0.50 X 0 0 0 Bill Gwartney Trustee (part year) 0.50 X 0 0 0 Corey Holland Trustee (part year) 0.50 X 0 0 0 Don Scott Trustee (part year) 0.50 X 0 0 0 AJ Tiger Trustee (part year) 0.50 X 0 0 0 Dr Heath Thomas President 50.00 X 192526 0 48131 Randy L Smith CFO/EVP Bus. & Admin Svcs 50.00 X 152574 0 40167 Susan DeWoody Provost 50.00 X 154459 0 18208 David Houghton Division Chair, Business 50.00 X 113291 0 52576 Roberta Henson Division Chair, Nursing 50.00 X 108218 0 22219 Timothy Rasnic Vice President for Advancement 50.00 X 140027 0 10823 Matthew Emerson Dean of Theology, Arts & Humanities 50.00 X 118350 0 20524 979445 0 212648 8 0 1 0 Chartwells 2 International Drive Port Chester NY 10573 Food/catering services 3045254 Realtree Roofing & Contruction 2201 Spirit Wood Lane Edmond OK 73025 Contruction services 1204801 Tree of Life Bookstore Inc 1500 S Western Ave Marion IN 46953 Bookstore services 1072029 Aramark Facilities 2400 Market Street Philadelphia PA 19103 Custodial services 993116 Monarch Marketing Group LLC 200 Northwest 63rd St Oklahoma City OK 73116 Marketing Consultant services 510335 12 4695200 5532260 6817862 17045322 Tuition 611310 38411703 38411703 Auxiliary-Hsng/Meals 721310 8383796 8360488 23308 Fees 900099 5076062 5076062 Misc Educational Svcs 900099 2778044 2778044 1210405 1187098 23307 55860010 7008044 7008044 888437 888437 24755 563 24192 24192 24192 12257035 10597748 1659287 1659287 1659287 82485292 55813395 46615 9579960 28608952 28608952 402359 402359 16457028 13761338 2115715 579975 1780 539 1209 32 2863045 1835949 982247 44849 1244850 948364 264690 31796 30675 625 30050 93853 93853 83419 83419 40591 40591 1480993 1382972 81202 16819 869020 285156 577944 5920 1900109 1295480 553154 51475 1153495 248476 850621 54398 3644750 3562448 66335 15967 1033342 947153 61358 24831 106177 81149 25028 861264 846305 14959 3742192 3644708 79036 18448 289001 250964 38037 Food service 2783174 2783174 Events 1723203 1525122 113019 85062 Bad debt expense 510918 510918 Equipment 471932 211785 260147 456040 113306 254947 87787 70852162 62333965 7417419 1100778 227870 1014919 2159007 156114 3042736 3924912 229 1160 463179 779833 174027148 72099530 102149614 101927618 946363 1169569 25589839 31189632 717961 585377 153945931 158501581 289242729 299250715 1910394 1558779 295023 167345 21925016 20215615 1985805 1822588 4965476 4347697 31081714 28112024 X 94348266 99727925 193097176 171410766 258161015 271138691 289242729 299250715 X 11633130 3028423 -1683877 X 0 1 X 1 1 1 X 8229282 9754324 31637613 12151167 17045322 78817708 8229282 9754324 31637613 12151167 17045322 78817708 12924868 65892840 6461194 7243707 6561420 7504234 7921236 35691791 383182 383182 114892681 306101884 0.57350 0.54870 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2017 Amount: $ 383,182. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 161606659 2343658 9426760 3078361 2878204 262745 167157767 131624982 1202363 34796323 3380083 2381774 255152 161606659 130727579 4571641 2206627 3740042 1780951 359872 131624982 134725695 2975309 189329 3060192 3070124 1032438 130727579 126580053 1291061 13578592 4817329 725464 1181218 134725695 0.04000 0.88000 0.08000 1 1 1 5337378 5337378 132256497 40757098 91499399 30523697 25811833 4711864 5909576 5530599 378977 101927618 Church Building Loan Fund 26831489 F Mineral Interests 4358143 F 31189632 Trusts administered by Southern Bapt Fdn 220788 Trusts administered by Presbyterian Fdn 19566 Zoll Trust 847957 Toland Trust 2013715 Trusts administered by OK City Comm Fdn 822886 Funds held in trust-WatersEdge 154576669 158501581 Government advances refundable 218250 Asset retirement obligation 1251239 Post-retirement benefits obligation 2878208 4347697 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, 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University publicizes this policy on the University's website. In addition, admissions counselors utilize promotion and recruiting procedures designed to inform and attract students from all racial segments within their recruiting territories. The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6 The University receives federal college work study funds and supplemental educational opportunity grant funds that are passed directly to students through these programs. In addition, for FY22, CARES Act funds were also received - student portion which provided emergency grant aid directly to students and the institutional portion as well as a small amount for the Strengthening Institutions Program (SIP). Europe (Including Iceland & Greenland) 0 0 Program Services Student Trips 35851 Middle East and North Africa 0 0 Program Services Student Trips 76340 South America 0 0 Program Services Student Trips 177514 Sub-Saharan Africa 0 0 Program Services Student Trips 70504 South Asia 0 0 Program Services Student Trips 22655 North America 0 0 Program Services Student Trips 8977 0 0 0 0 0 0 391841 0 391841 0 0 0 0 0 0 Part I, line 3: Foreign expenditures are monies expended for student trips outside the US. The organization tracks expenditures in accordance with the accrual basis of accounting. They are recorded based on actual out-of-pocket expenses while traveling outside the US using expense reports and other appropriate documentation. Part III Accounting Method: X X 1 Royall & Company PO Box 603519 Charlotte NC 28260 Annual fund/giving consultant 0 704449 83419 621030 704449 83419 621030 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MO MT NE NV NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT WA WV WI WY 1 Scholarships 1431 25959557 HEERF Assistance 1449 2649395 Part I, Line 2: The University awards scholarships to individual students based upon financial need, scholastic ability and other criteria. Monitoring of each student's enrollment status and GPA occurs throughout the award period to ensure grant criteria are met. No cash changes hands, and funds are applied directly to student accounts. OBU used a hybrid method to award the emergency financial aid funds. OBU used the group method to target specific groups of students based on financal need. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Heath Thomas President 192170 0 0 0 356 0 4569 0 44667 0 241762 0 0 0 Randy L Smith CFO/EVP Bus. & Admin Svcs 151996 0 0 0 578 0 5042 0 35999 0 193615 0 0 0 Susan DeWoody Provost 154330 0 0 0 129 0 4906 0 14152 0 173517 0 0 0 David Houghton Division Chair, Business 113097 0 0 0 194 0 3848 0 49377 0 166516 0 0 0 Timothy Rasnic Vice President for Advancement 139547 0 0 0 480 0 2960 0 8634 0 151621 0 0 0 Part I, Line 1a The President's wife accompanies the President on various University events for which travel is required. These travel arrangements are paid by the University and are treated as taxable income included on the President's W-2. Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. The President and Dean of Students/VP of Campus Life met the qualifications for and received a ministerial housing allowance during the tax year. A Oklahoma Baptist University Authority 521571232 000000000 2015-11-20 7335000 Refund portion of Series 2005 bonds issued 12/6/2005 0 0 0 B Oklahoma Baptist University Authority 521571232 000000000 2015-11-20 3500000 Refund portion of Series 2014 bonds issued 6/30/2014 0 0 0 C Oklahoma Baptist University Authority 521571232 000000000 2012-05-11 8000000 Refund portion of construction of student housing 0 0 0 D Oklahoma Baptist University Authority 521571232 000000000 2013-11-14 13500000 Refund portion of construction of student housing 0 0 0 A 3879927 7355000 141813 7213187 2007 1 0 1 1 B 1754280 3500000 50000 3450000 2015 1 0 1 1 C 3165781 8000000 88900 7911100 2013 0 0 1 1 D 3248484 13500000 116400 13383600 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Date Rebate Computation Performed Issuer Name: Oklahoma Baptist University Authority Date the Rebate Computation was Performed: 12/09/2020 Issuer Name: Oklahoma Baptist University Authority Date the Rebate Computation was Performed: 12/09/2020 Issuer Name: Oklahoma Baptist University Authority Date the Rebate Computation was Performed: 12/09/2020 Issuer Name: Oklahoma Baptist University Authority Date the Rebate Computation was Performed: 12/09/2020 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 Line 15a: 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. Line 15b: The compensation approval process for the CFO is identical to the process followed for all other University employees. The annual salary studies are utilized to guide and inform compensation levels for each employee. An annual performance review is conducted and approved by their immediate supervisor. All personnel files are maintained in the HR office. 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. Form 990, Part VII and Schedule J: Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part XI, line 9: Change in value of investments held by supporting organization -2,283,260. Change in value of beneficial interests in funds held by others 1,177,775. Change in actuarial value of PRBO -578,392. MacK Holdings LLC 500 W University St Shawnee OK 74804 823233383 Manage retail leasing operations OK 60589 37607 Oklahoma Baptist University Tulsa Royalties Company 500 W University Box 61207 Shawnee OK 74804 736101744 Support of Oklahoma Baptist University OK 501(c)(3) Line 12a, I Oklahoma Baptist University 1 Oklahoma Baptists 3800 N May Ave Okla City OK 73112 730321888 Convention of Churches OK 501(c)(3) Line 1 N/A 0 WatersEdge 3800 N May Ave Okla City OK 73112 730623038 Church support services OK 501(c)(3) Line 1 N/A 0 Shawnee Shipping Center LLC 500 W University St Shawnee OK 74804 822984993 Operates a UPS store OK MacK Holdings LLC Unrelated 23308 121996 0 1 0.50000 Charitable remainder annuity trusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 1 Charitable remainder unitrusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 1 Charitable remainder trusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 1 Irrevocable personal trusts (1) Hold assets and remit income to University OK Oklahoma Baptist University T 1 0 0 1 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 Tulsa Royalties Company C 2293500 Cash Transaction