2013-05-21T14:27:05-05:00 2012-07-31 363990892 Capin Crouse LLP 2435 Research Parkway Suite 200 Colorado Springs CO 80920 990 2011-08-01 730579264 Oklahoma Baptist University OKLA 4052752850 500 W University Box 61207 Shawnee OK 74804 Randy Smith 4052752850 2013-05-21 1 David C Moja P00747006 7195286225 2011 2016-02-24 21:20:13Z Dr David W Whitlock 500 W University Box 61207 Shawnee OK 74804 55812611 0 X www.okbu.edu X 1910 OK A Christian Liberal Arts University 31 31 1339 80 -74003 0 6790100 8567903 37372487 42394149 3886922 4007761 1102957 428256 49152466 55398069 14902327 17855578 0 0 18239028 19395509 94239 113514 1560436 14776125 15946249 48011719 53310850 1140747 2087219 171572843 170601784 17040401 17699230 154532442 152902554 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 33099904 17855578 30058490 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 five schools and colleges: Arts and Sciences, Business, Christian Service, 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. 5449335 7608840 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. 7030740 3271106 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. 296362 1492626 Institutional support for all services provided to approximately 2,000 students. 296362 1492626 45876341 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 2586 0 1 1339 1 0 0 0 0 0 0 0 0 0 0 X 31 31 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 Reagan Bradord Sr 0.50 X 0 0 0 Greg Clifford 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 Todd Fisher 0.50 X 0 0 0 Bill Ford 0.50 X 0 0 0 Henry Gold 0.50 X 0 0 0 Rusty Gunn 0.50 X 0 0 0 Danna Humphreys 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 David Lawrence 0.50 X 0 0 0 Doug Passmore 0.50 X 0 0 0 Carl Storm 0.50 X 0 0 0 Earlene Washburn 0.50 X 0 0 0 Steven Bagwell Nov11-July12 0.50 X 0 0 0 Paul Briggs Nov11-July12 0.50 X 0 0 0 Jarrod Frie Nov11-July12 0.50 X 0 0 0 Michael Gabbert Nov11-July12 0.50 X 0 0 0 Allison Huebert Nov11-July12 0.50 X 0 0 0 Fred King Nov11-July12 0.50 X 0 0 0 Earl Stephenson Nov11-July12 0.50 X 0 0 0 Mike Tignor Nov11-July12 0.50 X 0 0 0 Jim Westmoreland Aug11-Nov11 0.50 X 0 0 0 WL Brown Aug11-Nov11 0.50 X 0 0 0 Bill Horne Aug11-Nov11 0.50 X 0 0 0 Clyde Steelman Aug11-Nov11 0.50 X 0 0 0 James Wilder Aug11-Nov11 0.50 X 0 0 0 Scott Neighbors Aug11-Nov11 0.50 X 0 0 0 David W Whitlock 50.00 X 154155 0 75077 Randy L Smith 50.00 X 118151 0 14337 R Stanton Norman 50.00 X 70428 0 55252 342734 0 144666 2 0 1 0 Aramark Campus Services 500 W University Box 61701 Shawnee OK 74804 Food/Catering Svcs 2210522 Aramark Facility Services 500 W University Box 61837 Shawnee OK 74804 Custodial Services 725575 Royall & Company 1920 E Parham Road Richmond VA 23228 Adm/Recruit Consult 331243 Xerox Capital Services LLC PO Box 660502 Dallas TX 75266 Copy/Mailroom Svcs 242592 CJC Architects 1401 S Denver Suite B Tulsa OK 74119 Architect 212051 13 3963119 270443 4334341 214250 8567903 Tuition 900099 30058490 30058490 Auxiliary-Hsng/Meals 721310 7608840 7608840 Fees 900099 3271106 3271106 Misc Educational Svcs 900099 1255177 1255177 Other Income 900099 200536 200536 42394149 4081764 36913 4044851 428256 428256 340539 414542 -74003 -74003 -74003 55398069 42431062 -74003 4473107 17855578 17855578 422373 25419 311714 85240 15604 15604 15561308 13163065 1630459 767784 783644 657368 88076 38200 1597885 839216 689055 69614 1014695 843118 132557 39020 26891 26891 67555 67555 113514 113514 27318 27183 135 769734 500849 255394 13491 234526 156244 78282 2633998 1730392 805816 97790 980274 120122 826005 34147 2333013 1984247 280484 68282 1469017 1309291 84610 75116 785602 637951 61774 85877 542764 542764 2278423 1850385 389000 39038 479545 446357 33188 Food service 2569225 2569225 Other 345242 345242 Equipment rent/maint 279404 279404 Bad debt expense 123718 4500 119218 53310850 45876341 5874073 1560436 10631 10631 1319970 2560292 164034 34319 1765850 1750753 278840 26057 10974 211886 588843 99473695 40174954 57981144 59298741 1705080 1739788 12900284 10325531 1334215 1278484 94153692 92724588 171572843 170601784 1365979 2543445 1024401 1323788 9089380 8712458 5560641 5119539 17040401 17699230 X 56098863 55582360 19879409 16737545 78554170 80582649 154532442 152902554 171572843 170601784 X 2087219 -3717107 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.05000 0.82000 0.13000 0 1 1 4696738 4696738 67465900 23143378 44322522 283789 283789 18891644 15068481 3823163 8135624 1963095 6172529 59298741 10833 F Church Building Loan Fund 8903088 F Mineral Interests 1400677 F Other Misc Investments 10933 F 10325531 Trusts administered by Southern Bapt Fdn 157482 Trusts administered by Presbyterian Fdn 14522 Wiley Trust 243 Zoll Trust 846630 Toland Trust 1665956 Violet Sturgeon Minton Trust 82078 Trusts administered by OK City Comm Found 636548 Funds held in trust-Baptist Found of OK 89321129 92724588 Funds held in trust for others 54017 Government advances refundable 801751 Asset retirement obligation 743771 Post-retirement benefits obligation 3520000 5119539 55398069 53310850 2087219 -2568747 -1148360 -3717107 -1629888 37915181 -2568747 -2568747 40483928 14914141 14914141 55398069 38396709 0 38396709 14914141 14914141 53310850 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: 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, 2012, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Change in supporting organization's assets reported on separate Form 990 -1,148,360. Part XII, Line 4b - Other Adjustments: Scholarships 14,914,141. Part XIII, Line 4b - Other Adjustments: Scholarships 14,914,141. 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. Central America and the Caribbean 0 0 Program Services Student Trips 18456 East Asia and the Pacific 0 0 Program Services Student Trips 19890 Europe (Including Iceland & Greenland) 0 0 Program Services Student Trips 77103 South America 0 0 Program Services Student Trips 18653 South Asia 0 0 Program Services Student Trips 68357 Sub-Saharan Africa 0 0 Program Services Student Trips 60538 0 0 0 0 0 0 262997 0 262997 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 1 Cargill & Associates 4701 Altamesa Blvd Fort Worth TX 76133 Fundraising Consultants 0 0 113514 -113514 113514 -113514 OK 1 Scholarships 1936 17855578 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 152615 0 100 0 1440 0 10422 0 64655 0 229232 0 0 0 Part I, Line 1a The University owns a personal residence on the University campus in which the President is required to live. The benefit qualifies as non-taxable employer provided housing in accordance with the provisions of Internal Revenue Code Section 119. Because the property is owned by the University and on University grounds, maintenance is provided by the University. In addition, the President's wife accompanies the President on various Univeristy events for which travel is required. These travel arrangements are paid by the University. Tuition Assistance 21486 Alice J Norman Spouse of officer 15604 W2 Employee 0 X 3 214250 Public Exchg 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number of contributions reported represent the number of items contributed. 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. 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 5: Net unrealized losses on investments: -2,568,747. Change in supporting organization's assets reported on separate Form 990 -1,148,360. Total to Form 990, Part XI, Line 5: -3,717,107. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0