2014-05-20T14:17:09-05:00 2013-07-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2012-08-01 730579264 Oklahoma Baptist University OKLA 4052752850 500 W University Box 61207 Shawnee OK 74804 Randy Smith 4052752850 2014-05-20 1 David C Moja P00747006 7195286225 2012 2015-11-30 17:44:51Z Dr David W Whitlock 500 W University Box 61207 Shawnee OK 74804 63588394 0 X www.okbu.edu X 1910 OK A Christian Liberal Arts University 31 30 1461 61 0 0 8567903 10692656 42394149 46928201 4007761 4191660 428256 494896 55398069 62307413 17855578 20646058 0 0 19395509 20769388 113514 76821 1546262 15946249 16061075 53310850 57553342 2087219 4754071 170601784 180875965 17699230 17478044 152902554 163397921 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 36232252 20646058 33899564 Academic Instruction (Tuition & Fees) - Oklahoma Baptist University offers 10 bachelor's degrees, one associate's degree and two graduate degrees. There are 84 undergraduate academic major fields of study, with pre-professional degrees in several areas. The academic offerings are operated through six colleges: Theology and Ministry, Science and Mathematics, Humanities and Social Science, Business, Fine Arts, and Nursing. The University's core curriculum integrates academic disciplines to provide a rigorous liberal arts education. Master's degrees are offered in business administration and nursing. The University's four-year graduation rate is among the highest in the region. 5337522 7897444 Auxiliary Enterprises- Oklahoma Baptist University operates residential facilities for approximately 1,200 of the University's approximately 2,000 enrolled students. Campus dining is provided through ARAMARK Campus Services. The University's bookstore is operated by Tree of Life Bookstores. 8272866 3656156 Oklahoma Baptist University provides a range of services to students, including health services, career planning and placement, counseling, financial aid, athletic opportunities through 17 varsity sports, several junior varsity teams, an extensive intramural 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. 286626 1475037 Institutional support for all services provided to approximately 2,000 students. 286626 1475037 50129266 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 X 2709 0 1 1461 1 0 0 0 0 0 0 0 0 0 1 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X Lauri Fluke AVP Finance & Admin 4055855130 500 W University Box 61207 Shawnee OK 74804 David Lawrence 0.50 X X 0 0 0 Jarrod Frie 0.50 X X 0 0 0 Todd Fisher 0.50 X X 0 0 0 Randy L Smith 50.00 X X 127173 0 15447 Scott Nieghbors 0.50 X 0 0 0 Bill Ford 0.50 X 0 0 0 Herny Gold 0.50 X 0 0 0 Rusty Gun 0.50 X 0 0 0 Danna Humphreys 0.50 X 0 0 0 Dennis Hooper 0.50 X 0 0 0 Nadine McPherson 0.50 X 0 0 0 Don Scott 0.50 X 0 0 0 Ralph Chapman 0.50 X 0 0 0 Eric Costanzo 0.50 X 0 0 0 Ron Davis 0.50 X 0 0 0 Jim Gebhart Jr 0.50 X 0 0 0 Doug Passmore 0.50 X 0 0 0 Trent Richey 0.50 X 0 0 0 Richard Stillwell 0.50 X 0 0 0 Carl Storm 0.50 X 0 0 0 Earlene Washburn 0.50 X 0 0 0 Steven Bagwell 0.50 X 0 0 0 Paul Briggs 0.50 X 0 0 0 Michael Gabbert 0.50 X 0 0 0 Allison Huebert 0.50 X 0 0 0 Fred King 0.50 X 0 0 0 Tim Potter 0.50 X 0 0 0 Earl Stephenson 0.50 X 0 0 0 Mike Taylor 0.50 X 0 0 0 Mike Tignor 0.50 X 0 0 0 Anthony Jordan 0.50 X 0 0 0 Stephen Allen 0.50 X 0 0 0 Reagan Bradford Sr 0.50 X 0 0 0 Danny Frazee 0.50 X 0 0 0 Scott Hamilton 0.50 X 0 0 0 Tony Lambert 0.50 X 0 0 0 Jeff Moore 0.50 X 0 0 0 Michael D Rader 0.50 X 0 0 0 Lloyd White 0.50 X 0 0 0 Jeanette Bradshaw 0.50 X 0 0 0 David W Whitlock 50.00 X 269074 0 51799 R Stanton Norman 50.00 X 76011 0 66286 William E Smallwood 50.00 X 99245 0 13474 571503 0 147006 4 0 1 0 Lingo Construction Company 123 NW 8th St Oklahoma City OK 73102 Construction Contractor 6230849 Aramark Campus Services 500 W University Box 61701 Shawnee OK 74804 Food/Catering Svcs 2460687 Aramark Facility Services 500 W University Box 61837 Shawnee OK 74804 Custodial Services 758350 Tree of Life Bookstore Inc 1500 S Western Ave Marion IN 46953 Bookstore Contractor 580749 Southern Bleacher Company PO Box 1 Graham TX 76450 Bleacher Contractor 420451 21 66225 3485270 272389 6868772 882742 10692656 Tuition 900099 33899564 33899564 Auxiliary-Hsng/Meals 721310 7897444 7897444 Fees 900099 3656156 3656156 Misc Educational Svcs 900099 1254137 1254137 Other Income 900099 220900 220900 46928201 4139314 4139314 508479 508479 1118432 28519 1094605 0 23827 28519 52346 52346 11795 66225 186376 -174581 -174581 Realized Annuity Adj. 900099 160998 160998 160998 62307413 46928201 0 4686556 20646058 20646058 672845 67348 378140 227357 15716 15716 16353981 13938196 1766351 649434 848048 715256 95300 37492 1645237 1023179 539867 82191 1233561 993345 185580 54636 25913 25913 68069 68069 76821 76821 31767 31767 218043 184242 29822 3979 2291351 1583448 612306 95597 1170833 219329 919300 32204 2106928 1658363 362602 85963 1401042 1287540 60096 53406 773722 657577 54681 61464 554576 554576 2335686 1946005 355601 34080 630210 599129 31081 Food service 2684771 2684771 Other 1257456 1002857 202961 51638 Equipment rent/maint 385229 347831 37398 Bad Debt Expense 125479 4500 120979 57553342 50129266 5877814 1546262 1359000 1430445 1011908 639794 34319 112099 1750753 1636757 278840 337688 10974 11331 588843 496534 104211984 42420282 59298741 61791702 1939803 1362681 10325531 9241552 1278484 1225192 92724588 102590190 170601784 180875965 2543445 2527951 1323788 1441916 8712458 8757908 5119539 4750269 17699230 17478044 X 55582360 59147333 16737545 19559135 80582649 84691453 152902554 163397921 170601784 180875965 X 4754071 5352777 388519 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98030632 4104396 9442864 1921411 558408 1209344 107888729 99638591 2237738 -407608 1964782 379202 1094105 98030632 91026123 821222 11401353 977553 1528994 1103560 99638591 85329444 2099774 6790528 844967 1321614 1027042 91026123 96728627 8941122 -13451526 2372704 3677921 838154 85329444 0.08000 0.78000 0.14000 1 1 1 4796737 4796737 69112694 24256612 44856082 283789 283789 20108671 15796546 4312125 9910093 2367124 7542969 61791702 Church Building Loan Fund 7646904 F Mineral Interests 1594648 F 9241552 Trusts administered by Southern Bapt Fdn 170129 Trusts administered by Presbyterian Fdn 15190 Zoll Trust 882210 Toland Trust 1703221 Trusts administered by OK City Comm Found 684735 Funds held in trust-Baptist Found of OK 99134705 102590190 Funds held in trust for others 76319 Government advances refundable 790761 Asset retirement obligation 796189 Post-retirement benefits obligation 3087000 4750269 X 49998614 5352777 5352777 44645837 17661576 17661576 62307413 39891766 186376 186376 39705390 17847952 17847952 57553342 Description of Intended Use of Endowment Funds: Part V, Line 4: Income from endowment funds is used to provide scholarships, instructional and academic support, funding for student loans, funding for faculty positions and faculty development as well as overall operational support for the University. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of July 31, 2013, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University's federal Return of Organization Exempt from Income Tax Form 990 for the years ended July 31, 2012, 2011, and 2010 are subject to examination by the IRS, generally for three years after they were filed. Part XI, Line 4b - Other Adjustments: Scholarships 17,847,952. Special Fundraising Event Direct Expense -186,376. Part XII, Line 2d - Other Adjustments: Special Fundraising Event Direct Expense 186,376. Part XII, Line 4b - Other Adjustments: Scholarships 17,847,952. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The University publicizes this policy in local newspapers and 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. Explanation of Government Financial Assistance 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. East Asia and the Pacific 0 0 Program Services Student Trips 72728 Sub-Saharan Africa 0 0 Program Services Student Trips 70298 South Asia 0 0 Program Services Student Trips 37587 Russia & the Newly Independent States 0 0 Program Services Student Trips 26780 Central America and the Caribbean 0 0 Program Services Student Trips 19483 Middle East and North Africa 0 0 Program Services Student Trips 8594 North America 0 0 Program Services Student Trips 7649 Europe (Including Iceland & Greenland) 0 0 Program Services Student Trips 6618 0 0 0 0 0 0 249737 0 249737 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Foreign expenditures are monies expended for mission or academic study trips outside the US. Expenditures are recorded based on actual out-of-pocket expenses while traveling outside the US using expense reports and other appropriate documentation. X X X X X X 1 Cargill & Associates 4701 Altamesa Blvd Fort Worth TX 76133 Fundraising Consultants 0 0 76821 -76821 76821 -76821 OK Banquet 78020 66225 11795 80274 16049 75000 15053 78020 66225 11795 80274 16049 75000 15053 186376 -174581 Explanation of Event Schedule G Part II, Fundraising Events In 2013, Oklahoma Baptist University launched a new fundraising initiative called the Green and Gold Gala. Given the increasing demands for crucial resources, the Gala began with two simple goals: raise money for student scholarships and share the great story of OBU to a new audience. By exposing the University to a new audience, the Gala allowed the OBU development team to build relationships with a unique set of potential donors. In its first year, OBU hosted more than 300 attendees at the Tulsa Convention Center to hear the Gala's keynote speaker Coach Tony Dungy. 1 Scholarships 1857 20646058 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University awards scholarships to individual students based upon financial need, scholastic ability and other criteria. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 David W Whitlock 267534 0 100 0 1440 0 17131 0 34668 0 320873 0 0 0 Part I, Line 1a The University owns a personal residence on the University campus in which the President has historically been required to live. The benefit while provided qualified as non-taxable employer provided housing in accordance with the provisions of Internal Revenue Code Section 119. In March of 2013, the President moved off-campus and his former residence was then converted to University office space. Because the property is owned by the University and on University grounds, maintenance was provided by the University. In addition, the President's wife accompanies the President on various University events for which travel is required. These travel arrangements are paid by the University are are treated as taxable income included in the President's W2. Various Tuition Assistance 7602 Alice J Norman Spouse of officer 15716 W2 Employee 0 X 2 3775 FMV - Similar Sales X 12 613967 Public Exchange X 1 265000 Appraisal 1 0 1 0 Method for Determining Number of Contributions: Part I, Column (b): The number listed represents the number of unique contributions made. Form 990, Part VI, Section A, Line 7b, Trustees approved by BGCO Oklahoma Baptist University was organized by action of the Baptist General Convention of Oklahoma. According to the University's bylaws, the BGCO has the power to remove (for cause) trustees and replace them. The Executive Director of the BGCO is a trustee on the University's board. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm, then reviewed by the Finance Team, before the return is made available to the Audit Committee and the whole board prior to its being submitted to 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 employees salaries. The President has an annual review by the Board of Trustees that includes a performance review and comparison to average salaries of like institutions. The deliberations and decisions regarding executive compensation are documented in the board minutes. Form 990, Part VI, Section C, line 19 Currently, these types of documents are available upon request. The University is in the process of creating web pages for internet availability of compliance and voluntary disclosure documents. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in supporting organization's assets reported on separate Form 990 388,519. Tulsa Royalties Company 500 W University Box 61207 Shawnee OK 74804 736101744 Royalties OK 501(c)(3) 11(a) N/A 0 Baptist General Convention of Oklahoma 3800 N May Ave Okla City OK 73112 730321888 Convention of Churches OK 501(c)(3) 1 N/A 0 Baptist Foundation of Oklahoma 3800 N May Ave Okla City OK 73112 730623038 Church support services OK 501(c)(3) 1 N/A 0 Charitable remainder annuity trusts (5) Hold assets and remit income to University OK Oklahoma Baptist University 0 Charitable remainder unitrusts (11) Hold assets and remit income to University OK Oklahoma Baptist University 0 Charitable remainder trusts (3) Hold assets and remit income to University OK Oklahoma Baptist University 0 Irrevocable personal trusts (2) Hold assets and remit income to University OK Oklahoma Baptist University 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0