2013-03-14T16:55:42-05:00 2012-04-30 363990892 Capin Crouse LLP 972 Emerson Parkway Suite A Greenwood IN 46143 990 2011-05-01 730739626 Oral Roberts University ORAL 9184956203 7777 South Lewis PB-204 Tulsa OK 74171 Michelle Finley 9184956203 2013-03-14 1 David C Moja P00747006 3178852620 2011 2016-02-25 16:41:14Z Mark Rutland 7777 South Lewis PB-204 Tulsa OK 74171 131691048 0 X www.oru.edu X 1963 OK To educate the whole person in spirit, mind, and body, thereby preparing its graduates to be professionally competent servant-leaders who are spiritually alive, intellectually alert, physically disciplined, and socially adept. 27 27 2262 45 903341 -2148453 29865270 34357952 77438740 79889013 763186 328187 -470209 316617 107596987 114891769 22181717 25056672 0 0 37090240 37853319 90000 0 1942356 59048039 42119212 118409996 105029203 -10813009 9862566 181252491 188585958 40236337 33617223 141016154 154968735 X To educate the whole person in spirit, mind, and body, thereby preparing its graduates to be professionally competent servant-leaders who are spiritually alive, intellectually alert, physically disciplined, and socially adept. 0 0 32423030 24861219 1018574 Student Services, Scholarships, and Grants - Costs incurred to ease the administrative and financial burden of students' education. 25120331 3002 58586127 Instruction and Academic Support - Costs incurred to instruct and provide academic support to the approximately 3,250 students. 20917751 4473 19821493 Auxiliary Enterprises - Costs incurred to provide room and board and other auxiliary service to the student resident population. 319940 50 Research - Costs incurred to conduct biomedical, academic, and other related research. 1030682 187928 Public Service 1350622 187978 79811734 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 1 0 0 1 4115 0 1 2262 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK AZ AK CO FL GA X Rachel Winters 9184956203 7777 South Lewis PB-204 Tulsa OK 74171 Mart Green 16.00 X X 0 0 0 Billy Wilson 5.00 X X 0 0 0 Dale Wilkerson 5.00 X X 0 0 0 Douglas Fears 1.00 X X 0 0 0 Glenda Payas 5.00 X X 0 0 0 Don Argue 5.00 X 0 0 0 Mary Banks 4.00 X 0 0 0 Bill Bartlett 4.00 X 0 0 0 Freddy Boswell 4.00 X 0 0 0 Stanley Burgess 7.00 X 0 0 0 Jacqueline Cardone 3.00 X 0 0 0 Tessie DeVore 1.00 X 0 0 0 Hal Donaldson 3.00 X 0 0 0 Rick Fenimore 4.00 X 0 0 0 Kelli Hansbauer 2.00 X 0 0 0 Gordon Helm 4.00 X 0 0 0 Kay Hiramine 1.00 X 0 0 0 Al Hollingsworth 1.00 X 0 0 0 Rob Hoskins 4.00 X 0 0 0 Scott Howard 7.00 X 0 0 0 Lynette Lewis 4.00 X 0 0 0 Ron Luce 4.00 X 0 0 0 Charles McKinney 4.00 X 0 0 0 Roberta Potts 4.00 X 0 0 0 Russ Spittler 4.00 X 0 0 0 Cameron Strang 6.00 X 0 0 0 Gilberto Velez 4.00 X 0 0 0 Mark Rutland 40.00 X 280216 0 80921 Michelle Finley 40.00 X 206249 0 33406 Marian Baumgardner 40.00 X 53094 0 5115 Timothy Philley 40.00 X 195095 0 5030 Ralph Fagin 40.00 X 170867 0 1085 R Michael Carter 40.00 X 306116 0 12014 Scott Sutton 40.00 X 452182 0 14421 Mark Bender 40.00 X 147400 0 356 Jerry Finkbeiner 40.00 X 191237 0 24445 Steve Greene 40.00 X 129456 0 10564 Nancy Brainard 40.00 X 133164 0 14887 2265076 0 202244 10 0 1 0 Sodexo Incorporated 9801 Washingtonian Blvd Gaithersburg MD 20878 Food and Work Services 10868820 Pitney Bowes Management Services 1 Elmcroft Road Stamford CT 06926 Contract Management 769221 McIntosh Services 8141 E 48th Street Tulsa OK 74145 Building Repairs 704154 Follett Higher Education Group 3146 Solutions Center Chicago IL 60677 Student Bookstore 659702 Trinity Commercial Properties Inc 2488 E 81st Street Suite 188 Tulsa OK 74137 Property Management 577063 36 406416 1257000 3362353 29332183 55826 34357952 Tuition 611600 58586127 58586127 Auxiliary Services 541900 20847173 19821493 1025680 Other Program Services 900099 285018 285018 Fees 611600 170695 170632 63 79889013 451151 451151 22689 22689 8846469 10770369 -1923900 -1923900 -1923900 5718873 1150 5828672 14315 -109799 -13165 -122964 -122964 39329 406416 185923 -146594 -146594 Miscellaneous Income 611600 2278389 476891 1801498 Damage Loss Recovery 611600 86033 86033 2364422 114891769 79426194 903341 204282 197696 197696 24850920 24850920 8056 8056 1527819 314535 1040570 172714 56280 43559 11589 1132 29626032 22929848 6100321 595863 4583778 2650120 1745772 187886 2059410 1565820 445633 47957 324724 4395 319632 697 294023 294023 22302 22302 3504473 1669565 1332692 502216 1636468 1346055 151300 139113 2511971 1656027 794785 61159 1442570 587144 838503 16923 5213 1619 3594 17363223 11849979 5446307 66937 2113202 1889079 104093 120030 321009 182540 134765 3704 383114 383114 559830 558430 1400 3549203 1866351 1682852 909631 115297 794334 Cost of Food Sales 5027500 5027500 Student Aid Program Cos 873816 873816 Bad Debt Expense 699004 699004 Miscellaneous Expense 363729 45481 296145 22103 214207 136332 75353 2522 105029203 79811734 23275113 1942356 27452895 35511834 0 790418 6003196 327106 2581328 2815927 22041162 23543683 1948312 3406442 296202979 189247286 108728826 106955693 6899082 11214322 5597690 4020533 181252491 188585958 10758339 8139438 3603553 3264662 23653197 20059539 2221248 2153584 40236337 33617223 X 73814912 79370936 27430766 35481940 39770476 40115859 141016154 154968735 181252491 188585958 X 9862566 4090015 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1403166 X X X 0 39770476 202339 2016763 756991 1089675 27054 40115858 39458381 231148 1771664 857147 833570 39770476 39188784 198670 1759563 857984 830652 39458381 37951282 1179191 1743891 857406 828174 39188784 1.00000 0 1 0 2815144 981305 3796449 97655458 109200001 133738630 73116829 28158148 38506666 43179898 23484916 18886257 12328758 6557499 106955693 Reserve for gift annuities 1616342 Life loan payable 537242 2153584 114891769 105029203 9862566 272461 3817554 4090015 13952581 101636832 272461 1103551 1376012 100260820 14630949 14630949 114891769 91893028 11714745 11714745 80178283 24850920 24850920 105029203 Part III, Line 4: Included in other assets the University maintains a rock and mineral colection located on campus. Educational tours are available to schools, community groups, and individuals. Description of Intended Use of Endowment Funds: Part V, Line 4: Earnings of the endowment funds are restricted to: College of Business - $281,701 College of Theology - $2,322,072 College of Education - $594,631 College of Arts and Sciences - $1,250,076 College of Nursing - $21,640,250 Scholarships - $9,946,655 General Activities of the University - $4,080,474 Description of Uncertain Tax Positions Under FIN 48: Part X: ORU is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except to the extent of unrelated business taxable income as defined by the Internal Revenue Code. Such taxable income has not been significant. Continued compliance with applicable tax regulations affords ORU the opportunity to maintain its tax-exempt status. However, events or interpretations of such regulations could result in contingent tax obligations. Management evaluated ORU's tax positions and concluded that ORU had taken no uncertain tax positions that require adjustment to or disclosure in the financial statements. Generally, ORU is no longer subject to examinations by the federal, state or local tax authorities for tax years before the fiscal year ending April 30, 2009. Part XII, Line 2d - Other Adjustments: Affiliate activity 1,103,551. Part XII, Line 4b - Other Adjustments: Student aid netted with revenue per financial statements 24,850,920. Rental Expense -10,770,369. Fundraising Expense -185,923. Payments to Affiliates 736,321. Part XIII, Line 2d - Other Adjustments: Rental expense 10,770,369. Fundraising Expense 185,923. Affiliate activity 1,494,774. Payments to Affiliates -736,321. Part XIII, Line 4b - Other Adjustments: Student aid netted with revenue per financial statements 24,850,920. 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 publishes its racially nondiscriminatory policy in the student admissions application, University catalog, and other recruiting brochures and media. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Oral Roberts University participates in the following US Department of Education student financial aid programs: Federal Perkins Loans, Federal Work Study, Federal SEOG Grants, Federal PELL Grants, and Federal Direct Loans. The University also receives federal grant funds from the National Science Foundation and the Health Resources and Services Administration and state grant funds from the Oklahoma State Regents for Higher Education. 1 East Asia and the Pacific 0 1 Program Services Instruction 3879 East Asia and the Pacific 0 0 Program Service Public Service 27238 Central America and the Caribbean 0 0 Program Services Public Service 34880 Europe (Including Iceland & Greenland) 0 0 Program Services Public Service 15350 South America 0 0 Program Services Public Services 23750 South Asia 0 0 Program Services Public Service 16927 Sub-Saharan Africa 0 0 Program Services Public Service 69560 North America 0 0 Program Services Public Service 4672 0 1 0 0 0 1 196256 0 196256 Europe (Including Iceland & Greenland) Womens Shelter 8056 Wire 1 0 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: The ORU Mission's Committee meets and approves of the project with the above selected criteria and numbers them to their urgency of completion. A Mission's Project Proposal is submitted when funds have been collected to disburse the pledged amount to the mission's project designated. Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Foreign expenditures are based on travel expense reports and international credit card transactions. Presidential Summit 330927 305927 25000 29516 72492 20871 Homecoming Banquet 89881 84777 5104 1265 840 40706 3500 2963 2 24937 15712 9225 1409 9225 2930 206 445745 406416 39329 2674 10065 73152 75992 24040 185923 -146594 1 Tulsa Metro Chamber Two West Second St Ste 150 Tulsa OK 74103 730488250 501 (c) 6 19750 Community Participation Tulsa's Future Inc Two West Second St Ste 150 Tulsa OK 74103 237033283 501 (c) 3 15000 Community Development Tulsa Area United Way PO Box 1859 Tulsa OK 74101 730580283 501 (c) 3 10000 Community Campaign The Wellhouse Inc PO Box 320796 Birmingham AL 35232 272973046 501 (c) 3 5786 Computer Lab Hunger Relief International PO Box 300093 Oklahoma City OK 73140 364664596 501 (c) 3 5242 Chicken Coop 4 1 Scholarships/Fellowships 2940 24850920 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University makes occasional donations to charitable organizations which are not monitored beyond the original grant determination process. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Mark Rutland 272379 0 0 0 7837 0 0 0 80921 0 361137 0 0 0 Michelle Finley 195586 0 0 0 10663 0 0 0 33406 0 239655 0 0 0 Timothy Philley 185805 0 0 0 9290 0 0 0 5030 0 200125 0 0 0 Ralph Fagin 164000 0 0 0 6867 0 0 0 10776 0 181643 0 0 0 R Michael Carter 224216 0 71500 0 10400 0 0 0 12014 0 318130 0 0 0 Scott Sutton 420703 0 0 0 31479 0 0 0 14421 0 466603 0 0 0 Jerry Finkbeiner 156422 0 5000 0 29815 0 0 0 24445 0 215682 0 0 0 Part I, Line 1a First-class air travel in the amount of $4,310 was provided for university president Mark Rutland. Airfare and meals in the amount of $1,534 was provided as a taxable benefit for the wife of athletic director Michael Carter. Medicare tax of $415 for summer camp services provided by basketball coach Jerry Finkbeiner was added as taxable income. Medicare tax of $257 for summer camp services provided by basketball coach Scott Sutton was added as taxable income. President Mark Rutland received a non-taxable ministerial housing allowance of $75,014. This benefit qualifies as non-taxable housing provided for the convenience of the employer, under IRC Section 119. Country club dues were paid on behalf of athletic director Michael Carter and basketball coach Scott Sutton in the amount of $7,774 each. $783 for Michal Carter and $1,331 for Scott Sutton were reported as taxable benefits for personal use of the country club. Discounted Tuition Including Room/Board per University Policy 50953 Alison Rutland Family member of Mark Rutland, President 56014 Compensation 0 X 1 4000 FMV X 17839 Cost Comparison X 2 4517 FMV X Lab Equipment 2 29470 Cost 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): Amounts in this column represent the number of contributions received. Form 990, Part VI, Section B, line 11 It is the policy of Oral Roberts University that the Finance Committee will be responsible for the initial review of the Internal Revenue Service Form 990 that is to be filed on behalf of the Organization. Upon approval of the Finance Committee, the Form 990 shall be presented to the Board of Trustees along with a recommendation from the Finance Committee Chair for Board approval of the Form 990 for filing with the IRS. A Board resolution is not required in order for the Form 990 to be filed, provided that the Boards approval of the Form 990 for filing is in accordance with the requirements for action by the Board and is otherwise recoreded in the minutes of the Organization. Trustees may receive the Form 990 as hard copies (mailed or hand-delivered) or electronic files (sent via e-mail). Form 990, Part VI, Section B, line 12c Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a conflict of interest disclosure statement. To ensure the Corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: (a) Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms length bargaining (b) Whether partnerships, joint ventures, and arrangements with management foundations conform to the Corporations's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. Form 990, Part VI, Section B, line 15 (1) The compensation of an individual employed in a position of Executive, Officer, or Key Employee is reviewed and approved by the Board of Trustees or its designated committee (Compensation/Human Relations). Persons with conflicts of interest with respect to the compensation arrangement at issue shall not be involved in the compensation review and approval process. (2) The review and approval of compensation of the individual employed in the position of Executive, Officer, or Key Employee shall be based upon data of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. (3) There shall be contemporaneous documentation and recordkeeping with respect to the review and approval of compensation paid to individuals employed in positions of Executive, Officer, or Key Employee. Form 990, Part VI, Section C, line 19 Governing documents, policies, and financial statements are made available on the University's website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 272,461. Prior period adjustments: 3,817,554. Total to Form 990, Part XI, Line 5: 4,090,015. Form 990, Part XII, Line 2c: The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year. Oral Roberts Early Learning Center 7777 S Lewis Ave Tulsa OK 74171 731274772 Daycare OK 501(c)(3) Line 6 0 Oral Roberts Univ Alumni Foundation 7777 S Lewis Ave Tulsa OK 74171 731346361 Promote Alumni Relations for ORU OK 501(c)(3) Line 7 0 ORU Golden Eagle Club 7777 S Lewis Ave Tulsa OK 74171 237164698 Support University Athletics OK 501(c)(3) Line 9 0 Oral Roberts University eAcademy 7777 S Lewis Ave tulsa OK 74171 208195686 Online Christian Education OK 501(c)(3) Line 6 0 Oral Roberts University Educational Fellowship 7777 S Lewis Ave Tulsa OK 74171 731310793 Christian School Networking OK 501(c)(3) Line 9 0 Tower Realty Group Inc 7777 S Lewis Ave Tulsa OK 74171 731520958 Property Managment OK C 1.00000 University Broadcasting Inc 7777 S Lewis Ave Tulsa OK 74171 731493165 TV Broadcasting OK C 976874 1.00000 August Promotions Inc 7777 S Lewis Ave Tulsa OK 74171 731507872 Event Promoter OK C 1.00000 Mabee Center Productions Inc 7777 S Lewis Ave Tulsa OK 74171 731507871 Service OK C 1.00000 Golden Eagle Communications 7777 S Lewis Ave Tulsa OK 74171 731507869 Service OK C 1.00000 ORM Services Inc 7777 S Lewis Ave Tulsa OK 74171 731477340 Management Services OK C 1.00000 1 0 1 0 0 0 0 0 1 0 1 1 1 1 0 0 0 0 ORU Golden Eagle Club C 550000 FMV ORU Golden Eagle Club N 132256 FMV ORU Alumni Foundation C 707000 FMV ORU Alumni Foundation K 45000 FMV University Broadcasting Inc A 412123 FMV University Broadcasting Inc K 324198 FMV University Broadcasting Inc L 560830 FMV