2019-05-08T15:21:56-05:00 2018-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2017-07-01 730579298 UNIVERSITY OF TULSA % MICHAEL D THESENVITZ UNIV 9186313244 800 S TUCKER DRIVE TULSA OK 74104 MICHAEL THESENVITZ ASSOC. VP/CONTROLLER 9186313244 2019-05-15 true Michael J Engle CPA P00482834 8162216300 167.68.126.162 43372220191285000014 2019-05-08 P 12BB4602E9BA9CF6AC8B11AFBB85A4887E96027D B63AEF58A3948584CFC9994E7E12F4E53EEB27F2 2017 2019-02-21 02:37:17Z MICHAEL D THESENVITZ 800 S TUCKER DRIVE TULSA OK 74104 378656847 false X WWW.UTULSA.EDU X 1894 OK THE UNIVERSITY OF TULSA IS A PRIVATE, INDEPENDENT DOCTORAL-DEGREE-GRANTING INSTITUTION WHOSE MISSION REFLECTS THESE CORE VALUES: (SEE SCHEDULE O) 43 42 3342 488 -905843 -931122 63560398 64846552 220537277 209526564 29067245 57881268 -144521 -447703 313020399 331806681 92959947 94059330 0 0 119546204 118590312 72271 66551 5739766 81923656 81373191 294502078 294089384 18518321 37717297 1508005736 1539891437 205254421 188227736 1302751315 1351663701 X SEE SCHEDULE O false false 241265945 92728358 183009443 INSTRUCTION - THE UNIVERSITY SERVED APPROXIMATELY 3,300 UNDERGRADUATE AND 1,100 GRADUATE STUDENTS IN FISCAL YEAR ENDING JUNE 30, 2018. THIS CATEGORY INCLUDES DIRECT INSTRUCTION COSTS AS WELL AS HOUSING, DINING, STUDENT SERVICES, ATHLETICS, AUXILIARY ACTIVITIES, AND STUDENT AID. IT ALSO INCLUDES THE PORTION OF PLANT MAINTENANCE RELATED TO EDUCATION ACTIVITIES. 7050866 20000 17744882 PUBLIC SERVICE - THIS ITEM INCLUDES 2 PUBLIC RADIO STATIONS, A SPEECH AND HEARING CLINIC, AND SEVERAL ACADEMIC JOURNALS. IT ALSO INCLUDES THE PETROLEUM ABSTRACTS DIVISION, WHICH ENGAGES IN INFORMATION TRANSFER RELATIVE TO THE OIL AND GAS KNOWLEDGE BASE. IT ALSO INCLUDES A PORTION OF PLANT MAINTENANCE RELATED TO PUBLIC SERVICE ACTIVITIES. 16030355 1310972 7866396 RESEARCH - THE INSTITUTION RECEIVES GRANTS FROM FEDERAL, STATE, AND LOCAL AGENCIES AS WELL AS FROM THE PRIVATE SECTOR. THE MAJOR PORTION OF THE INSTITUTION'S RESEARCH IS IN THE FIELDS OF PETROLEUM AND CHEMICAL ENGINEERING. IT ALSO INCLUDES A PORTION OF PLANT AND MAINTENANCE RELATED TO RESEARCH ACTIVITIES. 264347166 true true false true false false false true false true true true false true true false false true true false true false false true true false false false true true true false false false false false false false false false false true true false false true true true false false false true 432 0 true 3342 true true true false false false false true true false false false false X 43 42 false false false false false false false true true false false true true true true true true true false false OK X MICHAEL D THESENVITZ 9186312583 800 S TUCKER DRIVE TULSA OK 741043126 X STEVEN BRADSHAW TRUSTEE 1.0 0.0 X 0 0 0 JOHN ROBERT ELMBURG TRUSTEE 1.0 0.0 X 0 0 0 A CHARLES FUNAI TRUSTEE 1.0 0.0 X 0 0 0 BARBARA B ALLEN TRUSTEE 1.0 0.0 X 0 0 0 AH MCELROY II TRUSTEE 1.0 0.0 X 0 0 0 R MICHELLE BEALE TRUSTEE 1.0 0.0 X 0 0 0 SHARON J BELL TRUSTEE 1.0 0.0 X 0 0 0 CHARLES S MONROE TRUSTEE 1.0 0.0 X 0 0 0 JOHN B FORREST TRUSTEE 1.0 0.0 X 0 0 0 J SCOTT DICKMAN TRUSTEE 1.0 0.0 X 0 0 0 FREDERIC DORWART TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM F FISHER JR TRUSTEE 1.0 0.0 X 0 0 0 ROSS O SWIMMER TRUSTEE 1.0 0.0 X 0 0 0 KATHERINE G COYLE ESQ TRUSTEE 1.0 0.0 X 0 0 0 L DUANE WILSON TRUSTEE/CHAIRMAN 1.0 1.0 X X 0 0 0 MICHAEL D CASE TRUSTEE 1.0 0.0 X 0 0 0 MARCIA MOTT MACLEOD TRUSTEE 1.0 0.0 X 0 0 0 E ANN GRAVES TRUSTEE 1.0 0.0 X 0 0 0 SUSIE COLLINS HENTSCHEL TRUSTEE 1.0 0.0 X 0 0 0 ROGER B COLLINS TRUSTEE 1.0 0.0 X 0 0 0 RANDY FOUTCH TRUSTEE 1.0 0.0 X 0 0 0 SEAN ALEXANDER TRUSTEE 1.0 0.0 X 0 0 0 JACKIE M GRIFFIN EX OFFICIO MEMBER 1.0 0.0 X 0 0 0 ANTWANE OWENS TRUSTEE 1.0 0.0 X 0 0 0 JACK NEELY TRUSTEE 1.0 0.0 X 0 0 0 WARREN E ROSS TRUSTEE 1.0 0.0 X 0 0 0 CHET CADIEUX TRUSTEE 1.0 0.0 X 0 0 0 BILL THOMAS TRUSTEE 1.0 0.0 X 0 0 0 SANJAY D MESHRI TRUSTEE 1.0 0.0 X 0 0 0 DANA S WEBER TRUSTEE 1.0 0.0 X 0 0 0 FRANK W MURPHY III TRUSTEE 1.0 0.0 X 0 0 0 R CASEY COOPER TRUSTEE 1.0 0.0 X 0 0 0 ELLEN ADELSON TRUSTEE 1.0 0.0 X 0 0 0 SUE ANN ARNALL TRUSTEE 1.0 0.0 X 0 0 0 KEITH GODDARD TRUSTEE 1.0 0.0 X 0 0 0 STEVE LARGENT TRUSTEE 1.0 0.0 X 0 0 0 ANDREW MACKAY TRUSTEE 1.0 0.0 X 0 0 0 SANFORD BURNSTEIN TRUSTEE 1.0 0.0 X 0 0 0 DAVID R EASTIN TRUSTEE 1.0 0.0 X 0 0 0 RANDI S WIGHTMAN TRUSTEE 1.0 0.0 X 0 0 0 ANDREW COMSTOCK EX OFFICIO MEMBER 1.0 0.0 X 0 0 0 GERARD CLANCY TRUSTEE/PRESIDENT 40.0 1.0 X X 750477 0 23653 WILLIAM CARMODY TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL D THESENVITZ ASSOCIATE VP AND CONTROLLER 40.0 0.0 X 146067 0 22684 DERRICK GRAGG VP AND DIRECTOR OF ATHLETICS 40.0 0.0 X 450995 0 20603 KAYLA HALE VP PLANNING AND OUTREACH 40.0 0.0 X 340291 0 2898 KEVAN BUCK VP BUSINESS AND FINANCE AND TR 40.0 1.0 X 343629 0 11886 EARL JOHNSON VP ENROLLMENT & STUDENT SVCS 40.0 0.0 X 194286 0 16403 PETER J SANDMAN DIR. OF FINANCIAL SERVICES 40.0 0.0 X 81093 0 15500 ROGER N BLAIS FORMER PROVOST AND VP ACADEMIC 40.0 0.0 X 271119 0 17773 JANET LEVIT PROVOST AND VP ACADEMIC AFFAIR 40.0 0.0 X 248858 0 5498 PHILLIP MONTGOMERY HEAD FOOTBALL COACH 40.0 0.0 X 1668692 0 20703 BRIAN NORWOOD ASSOCIATE HEAD FOOTBALL COACH 40.0 0.0 X 338849 0 22012 GALE SULLENBERGER PROFESSOR OF CIS & OPERATIONS 40.0 0.0 X 247215 0 18027 WILLIAM YOUNG ASSISTANT FOOTBALL COACH 40.0 0.0 X 346285 0 12099 FRANK HAITH HEAD BASKETBALL COACH 40.0 0.0 X 2046236 0 20628 STEADMAN UPHAM FORMER TRUSTEE/PRESIDENT 0.0 0.0 X 496738 0 11380 BILL BLANKENSHIP FORMER HEAD FOOTBALL COACH 0.0 0.0 X 632500 0 0 8603330 0 241747 224 true true false WITT FIALA FLANNERY AND ASSOCIATES 2815 OLIVE STREET ST LOUIS MO 63103 GROUNDS & JANITORIAL 3103383 INVESTURE LLC 126 GARRETT ST SUITE J CHARLOTTESVILLE VA 22902 INVESTMENT MGMT 2316515 RUFFALO CODY LLC 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT MGMT 647998 EVERSPRING INC 123 N UPPER WACKER DR STE 2200 CHICAGO IL 60606 ONLINE PROGRAMS 631485 HALL ESTILL 320 SOUTH BOSTON AVE STE 200 TULSA OK 74103 LEGAL SERVICES 490919 32 148514 843845 63854193 7674185 64846552 STUDENT TUITION & FEES 611710 157971265 157971265 AUXILIARY, ATHLETICS, HOUSING 611710 25944021 25944021 RESEARCH & SPONSORED PRODUCTS 611710 17744882 17744882 SALES OF EDUCATION DEPT 611710 7161082 7161082 _ 705314 705314 209526564 2983868 2983868 0 416829 416829 48423 42526 5897 0 5897 5897 80006737 21550079 46659416 33347321 21550079 54897400 54897400 183638 148514 148224 35414 35414 0 0 0 0 0 0 Loss from Partnerships 525990 -905843 -905843 -905843 331806681 209526564 -905843 58339408 0 94059330 94059330 0 0 2891380 1266067 1259085 366228 0 91582531 84820094 3991018 2771419 1243427 1151562 54805 37060 16829732 15491463 715656 622613 6043242 5501660 339783 201799 0 732277 732277 527972 527972 0 66551 66551 1873031 1873031 16702531 14931458 1111165 659908 0 15423955 13418733 1441139 564083 3236752 11552 3225200 0 4944846 4714170 190359 40317 6907662 6760471 112157 35034 0 0 6147545 6147545 0 15277644 15277644 2650516 1234578 1406565 9373 ENTERTAINMENT 3501259 2759480 408613 333166 MEMBERSHIPS 1872021 1544233 295573 32215 BAD DEBT EXPENSE 914896 744387 170509 EQUIPMENT RENTAL MAINTENANCE 622084 622084 38200 38200 294089384 264347166 24002452 5739766 30349352 20134339 0 0 31804146 21521706 16216802 13956030 0 0 0 0 8727271 7842131 261798 275127 2876351 3693033 610233468 226185367 397565324 384048101 197611210 223062176 256178946 275114400 3559852 4265859 0 0 562854684 585978535 1508005736 1539891437 25139331 22959829 6622620 6589340 14855640 13886897 134896377 128530075 0 0 0 0 21234878 13657212 0 0 2505575 2604383 205254421 188227736 X 216106091 208485807 227918913 245320690 858726311 897857204 1302751315 1351663701 1508005736 1539891437 X 37717297 -15115125 26310214 X false true X true true true X X 0 0 0 294089384 6249730 294089384 6249730 1000000 462487 250000 115622 false 1000000 1000000 1000000 1000000 4000000 6000000 0 0 250000 250000 250000 250000 1000000 1500000 0 0 X false 493872170 21460768 42286041 26175069 1873052 529570858 457372423 9577450 59543974 29995140 2626537 493872170 485615759 22793701 -26242522 23052264 1742251 457372423 463252199 15236562 31440150 21997784 2315368 485615759 388720125 32900138 63681342 20461672 1587734 463252199 0.10160 0.89510 0.00330 true false 34214976 34214976 430111101 114839534 315271567 49172869 35390853 13782016 56755549 42106549 14649000 39978973 33848431 6130542 384048101 HEDGE FUNDS 234325300 F PRIVATE EQUITY 40789100 F 275114400 DEPOSITS WITH BOND TRUSTEE 15961813 FUNDS HELD IN TRUST BY OTHERS 570016722 585978535 0 DEPOSITS PAYABLE 2604383 2604383 SCHEDULE D, PART III, LINE 1A BOOK COLLECTIONS AND OTHER ART ARE HELD IN THE UNIVERSITY'S SPECIAL COLLECTIONS HOUSE IN MCFARLIN LIBRARY. THESE ARE NOT FOR PUBLIC VIEWING BUT ARE HELD FOR SCHOLARLY RESEARCH. SCHEDULE D, PART III, LINE 4 THE COLLECTIONS ARE HELD IN THE MCFARLIN LIBRARY IN THE SPECIAL COLLECTIONS. THESE ARE NOT HELD FOR PUBLIC VIEWING BUT ARE USED EXCLUSIVELY FOR SCHOLARLY RESEARCH. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY OF TULSA'S ENDOWMENT FUNDS ARE PRIMARILY USED FOR SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER OPERATING PURPOSES. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE UNIVERSITY OF TULSA PUBLISHES ITS EEO/AA STATEMENT ON ALL PUBLICATIONS, INCLUDING CLASS BULLETINS AND CLASS SCHEDULES AND ON ALL PRINT ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6A THE UNIVERSITY OF TULSA PARTICIPATES IN STUDENT FINANCIAL ASSISTANCE PROGRAMS OF THE U.S. DEPARTMENT OF EDUCATION WHICH INCLUDE FEDERAL PELL GRANT, FEDERAL SUPPLEMENT EDUCATION OPPORTUNITY GRANT, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN PROGRAM, FEDERAL DIRECT PLUS, AND FEDERAL DIRECT STUDENT LOAN PROGRAMS. Central America and the Caribbean Investments 152490103 152490103 152490103 true false true true true false SCHEDULE F, PART I, LINE 3, COLUMN F THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING FOR THE INVESTMENTS. X X true BLACKMON GROUP UNDERWRITE SALES SRVS true 322197 66551 255646 322197 66551 255646 OK FR USCHOOL W LO 118115 960 117155 1500 10578 2698 6422 WINE FESTIVAL 113538 70329 43209 4000 7294 44279 3 100499 77225 23274 270 1015 16437 53731 332152 148514 183638 270 6515 17872 19135 104432 148224 35414 true UNIVERSITY SCHOLARSHIPS, FELLOWSHIPS, AND GRANTS 5033 94059330 SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE FINANCIAL AID AND APPLIED DIRECTLY TO STUDENT ACCOUNTS. IT IS A CONTINUAL PROCESS IN WHICH WE AWARD STUDENT AID WITHIN FEDERAL GUIDELINES AT THE INITIAL AWARDING TIME PERIOD. IF ANY CHANGES TO A STUDENT'S STATUS OCCUR, WE REVIEW THE STUDENT'S AID PACKAGE COMPONENTS TO ENSURE THAT ANY/ALL ADJUSTMENTS MADE MAINTAIN COMPLIANCE WITH TITLE IV FUND RULES. OUR ASSISTANT DIRECTOR OF COMPLIANCE RUNS REPORTS, DAILY, WEEKLY, AND MONTHLY TO ENSURE COMPLIANCE. X X X X X X X true true X X X X X false false false false false false false false false MICHAEL D THESENVITZ ASSOCIATE VP AND CONTROLLER 144987 0 0 0 1080 0 1750 0 20934 0 168751 0 0 0 DERRICK GRAGG VP AND DIRECTOR OF ATHLETICS 418560 0 28978 0 3457 0 1750 0 18853 0 471598 0 0 0 KAYLA HALE VP PLANNING AND OUTREACH 283170 0 46393 0 10728 0 1750 0 1148 0 343189 0 0 0 KEVAN BUCK VP BUSINESS AND FINANCE AND TR 317466 0 0 0 26163 0 1750 0 10136 0 355515 0 0 0 EARL JOHNSON VP ENROLLMENT & STUDENT SVCS 193206 0 0 0 1080 0 1750 0 14653 0 210689 0 0 0 ROGER N BLAIS FORMER PROVOST AND VP ACADEMIC 249246 0 0 0 21873 0 1750 0 16023 0 288892 0 0 0 GERARD CLANCY TRUSTEE/PRESIDENT 619806 0 0 0 130671 0 1750 0 21903 0 774130 0 0 0 JANET LEVIT PROVOST AND VP ACADEMIC AFFAIR 228900 0 0 0 19958 0 1750 0 3748 0 254356 0 0 0 PHILLIP MONTGOMERY HEAD FOOTBALL COACH 1626068 0 20000 0 22624 0 1750 0 18953 0 1689395 0 0 0 BRIAN NORWOOD ASSOCIATE HEAD FOOTBALL COACH 329151 0 5000 0 4698 0 1750 0 20262 0 360861 0 0 0 GALE SULLENBERGER PROFESSOR OF CIS & OPERATIONS 225342 0 0 0 21873 0 1750 0 16277 0 265242 0 0 0 WILLIAM YOUNG ASSISTANT FOOTBALL COACH 335878 0 5000 0 5407 0 1750 0 10349 0 358384 0 0 0 FRANK HAITH HEAD BASKETBALL COACH 1669143 0 360000 0 17093 0 1750 0 18878 0 2066864 0 0 0 BILL BLANKENSHIP FORMER HEAD FOOTBALL COACH 632500 0 0 0 0 0 0 0 0 0 632500 0 0 0 STEADMAN UPHAM FORMER TRUSTEE/PRESIDENT 335608 0 150000 0 11130 0 3500 0 7880 0 508118 0 0 0 SCHEDULE J, PART I, LINE 1A THE UNIVERSITY OF TULSA (TU) HAS PROVIDED THE FOLLOWING BENEFITS THAT ARE INCLUDED AS TAXABLE INCOME IN THE FOLLOWING OFFICERS, TRUSTEES, OR KEY EMPLOYEES W-2S: GERARD CLANCY: SPOUSAL TRAVEL, CHARTER TRAVEL, GROSS-UP PAYMENTS, DISCRETIONARY SPENDING, HOUSING ALLOWANCE, PERSONAL SERVICES AND CLUB DUES. KEVAN BUCK: CLUB DUES FRANK HAITH: CHARTER TRAVEL DERRICK GRAGG: CHARTER TRAVEL PHILLIP MONTGOMERY: CHARTER TRAVEL WILLIAM YOUNG: CHARTER TRAVEL BRIAN NORWOOD: CHARTER TRAVEL PETER SANDMAN: CHARTER TRAVEL A TULSA INDUSTRIAL AUTHORITY 731372018 899676LW8 2009-03-02 35039575 SEE PART VI false false false B TULSA INDUSTRIAL AUTHORITY 731372018 899676ML1 2011-03-22 30323703 SEE PART VI false false false C TULSA INDUSTRIAL AUTHORITY 731372018 89965QBC1 2013-11-20 32739855 BUILD STUDENT DORMITORY false false false D TULSA INDUSTRIAL AUTHORITY 731372018 2013-12-17 10000000 SEE PART VI false false false A 3185000 0 35039575 1012578 0 0 581997 0 0 0 33445000 0 2009 true false true true B 8490000 0 30323703 2753912 0 0 573058 0 0 8149287 18847446 0 2012 true false true true C 3250000 0 32739855 2203862 0 0 532993 0 0 30000000 0 0 2015 false false true true D 6428571 0 10000000 0 0 0 75685 0 0 9924315 0 0 2015 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true true false 0 false 0 false true A true B true C true D true GROUP 1, PART I, ROW A, COLUMN (F) FUNDS TO REFUND A PRIOR ISSUE SERIES - 1996B-3/21/1996 GROUP 1, PART 1, ROW B, COLUMN (F) BUILDING AND REFUND PRIOR ISSUE 3/21/1996 GROUP 1, PART 1, ROW D, COLUMN (F) CAMPUS TECHNOLOGY AND INFRASTRUCTURE IMPROVEMENTS GROUP 1, PART IV, LINE 2C, COLUMN A DATE THE REBATE COMPUTATION WAS PERFORMED: 9/19/2016 GROUP 1, PART IV, LINE 2C, COLUMN B DATE THE REBATE COMPUTATION WAS PERFORMED: 9/19/2016 GROUP 1 PART IV, LINE 2C, COLUMN C DATE THE REBATE COMPUTATION WAS PERFORMED: 9/19/2016 GROUP 1, PART IV, LINE 2C, COLUMN D DATE THE REBATE COMPUTATION WAS PERFORMED: 9/19/2016 GROUP 2, PART I, ROW A, COLUMN (F) FUNDS TO REFUND A PRIOR ISSUE SERIES - 2006-7/28/2006 GROUP 2, PART I, ROW B, COLUMN (F) PROCEEDS FROM THE 2017 SERIES BOND WERE USED TO ADVANCE REFUND $27,715 IN AGGREGATE PRINCIPAL AMOUNT OF THE 2006 SERIES BONDS MATURING OCTOBER 1, 2018 THROUGH 2031. GROUP 2, PART IV, LINE 2C, COLUMN A DATE THE REBATE COMPUTATION WAS PERFORMED: 9/19/2016 GROUP 2, PART IV, LINE 2C, COLUMN B DATE THE REBATE COMPUTATION WAS PERFORMED: 7/23/2018 A TULSA INDUSTRIAL AUTHORITY 731372018 89965QBV9 2015-11-19 28859991 SEE PART VI false false false B TULSA INDUSTRIAL AUTHORITY 731372018 899676MW7 2017-12-28 21336301 SEE PART VI false false false A 2015000 0 28859991 1899700 0 0 499667 0 0 0 26460624 0 2015 false true true true B 0 0 21336301 2064810 0 0 413521 0 0 0 18857970 0 2017 false true true true A false false false false 0 false false false true B false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true A true B true X 30 7445 APPRAISAL, DONOR LT X 19926 LETTER FROM DONORS X 850 INVOICE X 235 6392442 MEAN MARKET PRICE X 2 1030185 APPRAISALS X 142 29893 INVOICE,DONOR LETTER X EQUIPMENT 22 50030 INVOICES,DONOR LTR X RENTAL SPACE 1 100336 DONOR LETTER X MISC. ITEMS 378 43078 INVOICES,DONOR LTR 1 false true false SCHEDULE M, PART I, COLUMN B THE AMOUNTS IN THIS COLUMN REPRESENT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART I, LINE 1 EXCELLENCE IN SCHOLARSHIP, DEDICATION TO FREE INQUIRY, INTEGRITY OF CHARACTER, AND COMMITMENT TO HUMANITY. THE UNIVERSITY ACHIEVES ITS MISSION BY EDUCATING MEN AND WOMEN OF DIVERSE BACKGROUNDS AND CULTURES. FORM 990, PART III, LINE 1 THE UNIVERSITY OF TULSA IS A PRIVATE, INDEPENDENT, DOCTORAL-DEGREE-GRANTING INSTITUTION WHOSE MISSION REFLECTS THESE CORE VALUES: EXCELLENCE IN SCHOLARSHIP, DEDICATION TO FREE INQUIRY, INTEGRITY OF CHARACTER AND COMMITMENT TO HUMANITY. THE UNIVERSITY ACHIEVES ITS MISSION BY EDUCATING MEN AND WOMEN OF DIVERSE BACKGROUNDS AND CULTURES. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATE CONTROLLER GATHERS THE FORM 990 INFORMATION AND PROVIDES IT TO AN INDEPENDENT CPA FIRM TO PREPARE AND REVIEW THE FORM 990. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN THE ABSENCE OF FRAUD, NO CONTRACT OR OTHER TRANSACTION BETWEEN THE UNIVERSITY AND ANY OTHER CORPORATION, PARTNERSHIP, ENTITY OR PERSON (COLLECTIVELY CALLED PERSON), INCLUDING A TRUSTEE SHALL BE AFFECTED BY THE FACT THAT ONE OR MORE TRUSTEES OF THE UNIVERSITY ARE STOCKHOLDERS, PARTNERS, EMPLOYEES OR HAVE AN INTEREST IN SUCH PERSON. EACH TRUSTEE SHALL FORMALLY DISCLOSE TO THE PRESIDENT ANY INTEREST SUCH TRUSTEE HOLDS WHICH MAY GIVE RISE TO AN ACTUAL, APPARENT OR APPEARANCE OF CONFLICT OF INTEREST IN A TRANSACTION AFFECTING THE UNIVERSITY OR THE BOARD OF TRUSTEES, REGARDLESS OF WHETHER SUCH TRANSACTION IS SUBJECT TO APPROVAL BY THE BOARD OF TRUSTEES, AND SHALL ABSTAIN FROM ANY VOTE REGARDING ANY TRANSACTION INVOLVING SUCH ACTUAL OR APPARENT CONFLICT OF INTEREST. ONCE SUCH CONFLICT HAS BEEN FORMALLY DISCLOSED AND THE TRANSACTION APPROVED OR RATIFIED, WHETHER BY THE BOARD OF TRUSTEES OR BY OTHER APPROPRIATE PROCEDURE, NO TRUSTEE SHALL BE LIABLE TO ACCOUNT TO THE UNIVERSITY FOR ANY PROFIT REALIZED PERSONALLY FROM OR THROUGH ANY SUCH TRANSACTION OR CONTRACT OF THIS UNIVERSITY, SO RATIFIED OR APPROVED, BY REASON OF SUCH TRUSTEE'S INTEREST IN SUCH TRANSACTION OR CONTRACT. TRUSTEES SO INTERESTED MAY BE COUNTED WHEN PRESENT AT MEETINGS OF THE BOARD OF TRUSTEES OR OF SUCH COMMITTEE FOR THE PURPOSE OF DETERMINING THE EXISTENCE OF A QUORUM. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR THE HUMAN RESOURCE DEPARTMENT OF THE UNIVERSITY COMPLETES A COMPENSATION SURVEY PROJECT. INFORMATION IS GATHERED FROM THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA. THIS COVERS DOCTORAL INSTITUTIONS AND THE UNIVERSITY'S PEER GROUP. OTHER NOTABLE SURVEYS USED BY THE UNIVERSITY ARE THE HEIT IT SURVEY FOR COLLEGES/UNIVERSITIES AND THE NCAA DIVISION I ATHLETIC SURVEY ALONG WITH VARIOUS STATE AND LOCAL SURVEYS. THIS INFORMATION IS PRESENTED ANNUALLY TO THE ADMINISTRATION. THE COMPENSATION COMMITTEE DETERMINES COMPENSATION FOR THE PRESIDENT AND PROVIDES RECOMMENDATION FOR APPROVAL TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION FOR THE PRESIDENT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY PROVIDES THE FINANCIAL STATEMENTS OF THE UNIVERSITY OF TULSA ON THE UNIVERSITY'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 ENDOWMENT DISTRIBUTIONS OF REALIZED GAINS $ 26,142,638 ADJUSTMENT FOR UNRECOGNIZED POSTRETIREMENT COSTS $ -738,267 LOSS FROM PARTNERSHIPS $ 905,843 ------------- TOTAL $ 26,310,214 FORM 990, PART XII, LINE 2 ON JULY 1, 2008, THE UNIVERSITY OF TULSA CONTRACTED WITH THE CITY OF TULSA TO MANAGE THE GILCREASE MUSEUM. THE GILCREASE MUSEUM MANAGEMENT TRUST WAS FORMED, APPLIED FOR AND WAS ACCEPTED AS AN EXEMPT 501(C)(3) ORGANIZATION BY THE INTERNAL REVENUE SERVICE ON 2/12/2008. THE UNIVERSITY OF TULSA REPORTS ITS FINANCIAL STATEMENTS ON A CONSOLIDATED BASIS THAT INCLUDES THE GILCREASE MUSEUM MANAGEMENT TRUST'S ACTIVITIES AS REQUIRED BY ACCOUNTING SERIES CODIFICATION 958-810-25. FOR IRS COMPLIANCE PURPOSES, THE UNIVERSITY OF TULSA'S FINANCIAL INFORMATION REPORTED ON FORM 990 DOES NOT INCLUDE THE GILCREASE MUSEUM MANAGEMENT TRUST'S FINANCIAL INFORMATION. THE GILCREASE MUSEUM MANAGEMENT TRUST FILES FORM 990 SEPARATELY FROM THE UNIVERSITY OF TULSA. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS CHARGED WITH THE FOLLOWING DUTIES: 1. RECOMMEND HIRING INDEPENDENT AUDITORS, COUNSEL, OR OTHER CONSULTANTS AS NECESSARY. 2. REVIEW WITH MANAGEMENT THE POLICIES AND PROCEDURES WITH RESPECT TO OFFICERS, KEY EMPLOYEES, DISQUALIFIED PERSONS, EXPENSES ACCOUNTS, AND PERKS, INCLUDING EXCESS BENEFIT TRANSACTIONS. 3. INQUIRE OF MANAGEMENT, THE INDEPENDENT AUDITORS AND CIO ABOUT SIGNIFICANT RISKS OR EXPOSURES FACING THE ORGANIZATION; ASSESS THE STEPS MANAGEMENT HAS TAKEN OR PROPOSES TO TAKE TO MINIMIZE SUCH RISKS TO THE UNIVERSITY AND PERIODICALLY CONDUCT REVIEWS. 4. REVIEW WITH INDEPENDENT AUDITORS AND CIO THE ADEQUACY OF THE ORGANIZATION'S INTERNAL CONTROLS. 5. REVIEW WITH INDEPENDENT AUDITOR THE ANNUAL AUDIT OF THE UNIVERSITY AND ALL CRITICAL ACCOUNTING POLICIES AND PRACTICES USED BY THE UNIVERSITY. 6. REVIEW ALL MATERIAL WRITTEN COMMUNICATIONS BETWEEN THE INDEPENDENT AUDITORS AND MANAGEMENT. 7. REVIEW WITH MANAGEMENT AND INDEPENDENT AUDITORS: A. THE UNIVERSITY'S ANNUAL FINANCIAL STATEMENTS AND RELATED FOOTNOTES. B. THE INDEPENDENT AUDITORS' AUDIT OF FINANCIAL STATEMENTS AND THEIR REPORT C. ANY SIGNIFICANT CHANGES REQUIRED IN THE INDEPENDENT AUDITORS' AUDIT PLAN D. THE UNIVERSITY'S FILING OF THE IRS FORM 990 8. PERIODICALLY REVIEW THE ORGANIZATION'S CODE OF CONDUCT/ETHICS TO ENSURE THAT IT IS ADEQUATE AND UP-TO-DATE. 9. REVIEW PROCEDURES FOR THE CONFIDENTIAL, ANONYMOUS SUBMISSION BY EMPLOYEES REGARDING QUESTIONABLE ACCOUNTING OR AUDITING MATTERS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART IV, LINE 27 THE UNIVERSITY OF TULSA PROVIDES ACADEMIC SCHOLARSHIPS BASED ON THE APPLICANT'S MERITS. NO DISTINGUISHMENT IS MADE FOR APPLICANTS THAT HAVE AN EMPLOYMENT RELATIONSHIP WITH THE UNIVERSITY OR A FAMILY RELATIONSHIP WITH ITS EMPLOYEES, OFFICERS, DIRECTORS OR TRUSTEES OF THE UNIVERSITY. THE OAK COMPANY 800 S TUCKER DRIVE TULSA OK 74104 202311693 REAL ESTATE OK 0 0 UNIV TULSA THE GILCREASE MANAGEMENT TRUST 800 S TUCKER DRIVE TULSA OK 74104 262205415 MANAGEMENT OK 501(C)(3) 7 UNIV TULSA true CHARITABLE REMAINDER TRUST (4) CHARITABLE TR OK UNIV OF TULSA true false false false false false false false false false false false true true true true false false true false THE GILCREASE MUSEUM MANAGEM 800 SOUTH TUCKER DRIVE TULSA OK 74104 262205415 0 0 0 6249730 6249730 462487 115622 0 0 0