2026-02-02T16:57:39-06:00 2024-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2023-07-01 730599209 SOUTHWESTERN CHRISTIAN UNIVERSITY SOUT 4057897661 7210 NW 39TH EXPRESSWAY BETHANY OK 73008 OTIS GARRISON INTERIM CEO 4057897661 2026-02-02 1 1 SARA TIBBOTT P01486965 5055022746 2026-01-28 2023 2025-03-06 01:10:19Z OTIS GARRISON 7210 NW 39TH EXPRESSWAY BETHANY OK 73008 10730901 0 X WWW.SWCU.EDU X 1959 OK PROVIDING CHRIST-CENTERED LIBERAL ARTS EDUCATION, EMPOWERING GRADUATES TO EXCEL. 12 11 198 12 0 0 751142 2042420 9588815 8381025 39828 39958 600083 255880 10979868 10719283 3657021 3543409 0 0 4114993 4119139 0 0 18417 4197111 3841356 11969125 11503904 -989257 -784621 10120771 9236079 8766551 8666480 1354220 569599 SCU IS A CHRIST-CENTERED LIBERAL ARTS INSTITUTION EQUIPPING STUDENTS FOR A LIFE OF LEARNING, LEADERSHIP, AND SERVICE; INTEGRATING FAITH, LEARNING, AND LIVING; AND EMPOWERING GRADUATES TO EXCEL AND TO POSITIVELY IMPACT THEIR WORLD FOR JESUS CHRIST. 0 0 8483633 3543409 6902062 SOUTHWESTERN CHRISTIAN UNIVERSITY IS A PRIVATE, FOUR-YEAR CHRISTIAN UNIVERSITY OFFERING BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. UNDERGRADUATE STUDENTS CAN CHOOSE FROM ONE ASSOCIATE'S AND 20 BACHELOR'S DEGREE OPTIONS IN SIX ACADEMIC DEPARTMENTS AND ENJOY A STUDENT TO FACULTY RATIO OF 17:1. GRADUATE DEGREES INCLUDE A MASTER OF MINISTRY, A MASTER OF ARTS IN THEOLOGICAL STUDIES, AND A MASTER OF ARTS IN CHRISTIAN GLOBAL LEADERSHIP. 813999 1501826 AUXILIARY ENTERPRISES - SOUTHWESTERN CHRISTIAN UNIVERSITY OFFERS ONSITE DORM ROOMS PLUS CAFETERIA FOR ONSITE STUDENTS AND COMMUTER STUDENTS. 9297632 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 570 0 1 198 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OK X JUDITH CISCAR-MARTINEZ 4057897661 7210 NW 39TH EXPRESSWAY BETHANY OK 73008 RANDELL DRAKE CHAIR 1.00 X X 0 0 0 WAYNE KIRBY VICE CHAIR, REGENT - BOARD MEMBER 1.00 X X 0 0 0 DANIEL ICE REGENT - BOARD MEMBER 0.50 X 0 0 0 DEMETRIUS MILES REGENT - BOARD MEMBER 0.50 X 0 0 0 DOUG BEACHAM JR REGENT - BOARD MEMBER 0.50 X 0 0 0 NEIL BARLOW REGENT - BOARD MEMBER 0.50 X 0 0 0 SCOTT HAMPTON REGENT - BOARD MEMBER 0.50 X 0 0 0 STUART SHERRILL REGENT - BOARD MEMBER 0.50 X 0 0 0 THOMAS MCGHEE REGENT - BOARD MEMBER 0.50 X 0 0 0 TRICIA REX CARNES REGENT - BOARD MEMBER 0.50 X 0 0 0 DONNA GOAD REGENT - BOARD MEMBER 0.50 X 0 0 0 MARIO AYALA REGENT - BOARD MEMBER 0.50 X 0 0 0 DR TOM MURRAY PRESIDENT (PART YEAR) 40.00 X 77949 0 113852 BILL MARTIN BUSINESS CONTROLLER 40.00 X 18830 0 0 96779 0 113852 0 0 1 0 PIONEER COLLEGE CATERERS 7210 NW 39TH EXPRESSWAY BETHANY OK 73008 FOOD SERVICES 226482 RA CONSTRUCTION 3126 S BOULEVARD EDMOND OK 73013 CONSTRUCTION SERVICES 106630 2 65667 1976753 2042420 TUITION AND FEES 611310 6879199 6879199 AUXILIARY ENTERPRISES 900099 1501826 1501826 8381025 39958 39958 233017 233017 11618 11618 0 0 22863 22863 22863 10719283 8403888 0 272975 3543409 3543409 188331 152641 35648 42 122843 122843 3189477 2561779 626959 739 394973 270280 123248 1445 223515 181158 42307 50 30515 30515 485375 231423 253952 3512 1040 2384 88 94732 94732 148977 6076 142901 1079324 967569 111755 212301 211516 785 4679 4662 17 179314 169757 9557 255726 242098 13628 325311 308277 17034 BAD DEBT EXPENSE 252067 252067 DUES & FEES 94720 89814 4632 274 SUPPLIES & TEXTBOOKS 47625 47625 627178 185665 425734 15779 11503904 9297632 2187855 18417 10413 52140 148832 679199 403875 10759405 4697545 6310510 6061860 1726091 1714473 1342418 907039 10120771 9236079 1134974 1378104 325477 338458 50000 50000 3347618 2897194 602000 658054 3306482 3344670 8766551 8666480 X -1245416 -2017149 2599636 2586748 1354220 569599 10120771 9236079 -784621 0 X 0 1 X 1 1 1 X 795474 1522401 4333239 751142 2042420 9444676 795474 1522401 4333239 751142 2042420 9444676 9444676 129704 85106 389547 428198 272975 1305530 1560799 11288 211713 22863 1806663 12556869 45182117 0.75220 0.73120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 11,288. 2022 AMOUNT: $ 211,713. 2023 AMOUNT: $ 22,863. FORGIVENESS OF DEBT - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 1,560,799. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 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 2232338 840 257472 237406 2253244 2228862 1200 408019 405743 2232338 2340434 1200 374454 487226 2228862 1774147 538033 70747 42493 2340434 1720067 6700 111182 63802 1774147 0.00000 1.00000 0.00000 1 0 336903 336903 8855846 3314480 5541366 1228587 1164544 64043 338069 218521 119548 6061860 MINERAL INTERESTS 1200000 C AFFILIATE INVESTMENTS 514473 C 1714473 FINANCE LEASE RIGHT-OF-USE ASSETS 907039 907039 FINANCE LEASE LIABILITY 3344670 3344670 7175874 0 7175874 3543409 3543409 10719283 7960495 0 7960495 3543409 3543409 11503904 PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS IS USED TO PROVIDE SCHOLARSHIPS FOR STUDENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 3,543,409. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 3,543,409. 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 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. LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION FOR THE FOLLOWING AWARDS: FEDERAL DIRECT STUDENT LOAN PROGRAM, FEDERAL PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, AND THE FEDERAL WORK-STUDY PROGRAM. 1 SCHOLARSHIPS 385 3543409 PART I, LINE 2: CRITERIA IS ESTABLISHED FOR THE AWARDING OF INDIVIDUAL SCHOLARSHIPS. STUDENTS MUST COMPLETE AN APPLICATION AND SCHOLARSHIPS ARE AWARDED AFTER ALL EXTERNAL SCHOLARSHIPS AND GRANTS HAVE BEEN APPLIED, NOT TO EXCEED THE COST OF ATTENDANCE. SCHOLARSHIPS ARE APPLIED DIRECTLY TO THE STUDENT ACCOUNT. A LISTING OF SCHOLARSHIPS AND GENERAL SCHOLARSHIP POLICIES CAN BE FOUND ON THE SCU WEBSITE, WWW.SWCU.EDU. X 1 1 X X 0 0 0 0 0 0 0 0 0 DR TOM MURRAY PRESIDENT (PART YEAR) 77349 0 0 0 600 0 0 0 113852 0 191801 0 0 0 PART I, LINE 1A PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. DR. TOM MURRAY, PRESIDENT, MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR. DR TOM MURRAY PRESIDENT UNIVERSITY OPERATIONS X 100000 50000 0 0 0 50000 ZACHARY SHERRILL FAMILY MEMBER OF BOARD MEMBER, STUART SHERRILL 50600 EMPLOYEE COMPENSATION AND BENEFITS 0 SHERI SHERRILL FAMILY MEMBER OF BOARD MEMBER, STUART SHERRILL 45750 EMPLOYEE COMPENSATION AND BENEFITS 0 SUMMER HARRIS FAMILY MEMBER OF BOARD MEMBER, STUART SHERRILL 26493 EMPLOYEE COMPENSATION AND BENEFITS 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF ALL OF THE OFFICERS OF THE BOARD, THE CHAIR OF EACH STANDING COMMITTEE, INTERNATIONAL PENTECOSTAL HOLINESS CHURCH (IPHC) LIAISON TO HIGHER EDUCATION AND THE PRESIDENT OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF REGENTS IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, EXCEPT FOR ACTION TAKEN OF THE FULL BOARD OF REGENTS AS REQUIRED BY STATUTE, THE AMENDED AND RESTATED ARTICLES OF INCORPORATION, OR THE BYLAWS, SHALL HAVE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION TO BE AFFIXED TO ALL PAPERS WHICH MAY REQUIRE IT. PROVIDED, HOWEVER, THE EXECUTIVE COMMITTEE SHALL ACT ONLY IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OR WHENEVER IT IS IMPRACTICAL TO CALL A MEETING OF THE BOARD, AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD. IT SHALL HAVE THE POWER TO REVISE THE ANNUAL BUDGET DURING THE FISCAL YEAR, IF WARRANTED, BASED UPON RECOMMENDATIONS FROM THE BUSINESS AND FINANCE COMMITTEE FOR NECESSARY ADJUSTMENTS. IT SHALL RECEIVE SALARY RECOMMENDATIONS FROM THE BUSINESS AND FINANCE COMMITTEE FOR NECESSARY ADJUSTMENTS. IT SHALL TRANSACT ANY SPECIAL BUSINESS COMMITTED TO IT BY THE BOARD OF REGENTS. IT SHALL COORDINATE THE WORK OF, AND HAVE GENERAL SUPERVISORY AUTHORITY OVER ALL OTHER BOARD COMMITTEES. IT SHALL BE AN ADVISORY COUNCIL, IN ADDITION TO ITS POLICY FUNCTIONS, FOR THE PRESIDENT OF THE UNIVERSITY. IT SHALL HAVE THE AUTHORITY TO CONDUCT EXAMINATIONS OR INVESTIGATIONS AS IT DEEMS PROPER AND BASED UPON SUCH, TAKE ACTION EXCEPT IN CASES WHERE THE FULL BOARD OF REGENTS IS WARRANTED. IT SHALL NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF REGENTS, AWARD DEGREES, AMEND BYLAWS, LOCATE PERMANENT BUILDINGS ON PROPERTY HELD FOR UNIVERSITY PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE UNIVERSITY, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED BY THE BOARD. IT SHALL MEET PRIOR TO THE ANNUAL BOARD OF REGENTS MEETING AND AT LEAST THREE OTHER TIMES DURING THE YEAR. TIME, PLACE, AND NOTICE (IF ANY) OF EXECUTIVE COMMITTEE MEETINGS SHALL BE DETERMINED BY THE EXECUTIVE COMMITTEE. IT SHALL CONSTITUTE A QUORUM WHEN A MAJORITY OF THE NUMBER OF MEMBERS OF THE EXECUTIVE FOR THE TRANSACTION OF ALL BUSINESS. A VOTE OF A MAJORITY OF A QUORUM SHALL CONSTITUTE THE ACT OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS AND REPORT THE SAME TO THE BOARD OF REGENTS. ANY ACTION WHICH MIGHT BE TAKEN AT A MEETING OF THE EXECUTIVE COMMITTEE MAY BE TAKEN WITHOUT A MEETING IF A RECORD OR MEMORANDUM THEREOF BE MADE IN WRITING AND SIGNED BY ALL THE MEMBERS OF THE EXECUTIVE COMMITTEE. THE SIGNED RECORD OR MEMORANDUM, OR A SIGNED COPY, SHALL BE PLACED IN THE MINUTE BOOK OF THE CORPORATION. IT SHALL BE GRANTED BY THE BOARD OF REGENTS SOLE AUTHORITY TO ACT AS THE COURT OF LAST APPEAL IN ALL FACULTY CONTRACTUAL MATTERS. THE EXECUTIVE COMMITTEE'S DECISION SHALL BE BINDING ON THE FULL BOARD OF REGENTS. IT SHALL FURNISH, THROUGH ITS SECRETARY, A COPY OF THE MINUTES OF ITS MEETINGS TO EACH MEMBER OF THE BOARD WITHIN THIRTY (30) DAYS. IT SHALL REVIEW AND RECOMMEND TO THE BOARD OF REGENTS THE COMPENSATION OF THE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING 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 REGENTS. ALL INTERESTED PARTIES ARE REQUIRED TO RECUSE THEMSELVES FROM BOARD DELIBERATIONS AND ANY SUBSEQUENT VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY PARTICIPATES IN ANNUAL COMPENSATION STUDIES OF VARIOUS HIGHER EDUCATION ASSOCIATIONS AND USES THE STUDIES TO REVIEW APPROPRIATENESS OF OFFICER AND KEY EMPLOYEE SALARIES. THE PRESIDENT HAS AN ANNUAL REVIEW BY THE BOARD OF REGENTS THAT INCLUDES A PERFORMANCE REVIEW AND COMPARISON TO AVERAGE SALARIES AND BENEFITS OF SIMILAR INSTITUTIONS. THE DELIBERATIONS AND DECISIONS REGARDING EXECUTIVE COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15B: THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS OR KEY EMPLOYEES. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ATHE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.VAILABLE UPON REQUEST.