2012-06-13T16:29:40-05:00 2011-07-31 Capin Crouse LLP 972 Emerson Parkway Suite A Greenwood IN 46143 990 2010-08-01 730579264 Oklahoma Baptist University OKLA 4052752850 500 W University Box 61207 Shawnee OK 74804 Randy Smith 4052752850 2012-06-13 1 David C Moja 3178852620 2010 2016-02-24 21:20:13Z Dr David W Whitlock 500 W University Box 61207 Shawnee OK 74804 49302451 0 X www.okbu.edu X 1910 OK A Christian Liberal Arts University 33 33 1315 75 0 0 9784201 6790100 34390199 37372487 3472648 3886922 626235 1102957 48273283 49152466 12869793 14902327 0 0 16867412 18239028 29492 94239 1270214 14161641 14776125 43928338 48011719 4344945 1140747 162578095 171572843 17151211 17040401 145426884 154532442 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 22253296 14902327 26829207 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. 5199065 6583170 Auxiliary Enterprises- Oklahoma Baptist University operates residential facilities for approximately 1,150 of the University's approximately 1,800 enrolled students. Campus dining is provided through ARAMARK Dining Services. The University's bookstore is operated by Barnes and Noble College Bookstores. 6598904 2520792 Student Services - 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. 7217481 1472048 Institutional support for all services provided to approximately 1,800 students. 7217481 1472048 41268746 1 1 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 0 0 1 0 0 0 0 1 1 0 0 0 1 2519 0 1 1315 1 0 0 0 0 0 0 0 0 0 0 X 33 33 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 4058782020 500 W University Box 61207 Shawnee OK 74804 Stephen B Allen 0.50 X 0 0 0 George Atkins 0.50 X 0 0 0 Tony Barros 0.50 X 0 0 0 Reagan Bradord Sr 0.50 X 0 0 0 WL Brown 0.50 X 0 0 0 Kevin Clarkson 0.50 X 0 0 0 Greg Clifford 0.50 X 0 0 0 Danny Frazee 0.50 X 0 0 0 Blake Gideon 0.50 X 0 0 0 Joe Gunn 0.50 X 0 0 0 Scott Hamilton 0.50 X 0 0 0 Bill J Horne Sr 0.50 X 0 0 0 Anthony Jordan 0.50 X 0 0 0 Ted Kersh 0.50 X 0 0 0 Tony Lambert 0.50 X 0 0 0 Ron Males 0.50 X 0 0 0 Jeff Moore 0.50 X 0 0 0 Scott Neighbors 0.50 X 0 0 0 Michael D Rader 0.50 X 0 0 0 Clyde Steelman Jr 0.50 X 0 0 0 Jim Westmoreland 0.50 X 0 0 0 Lloyd White 0.50 X 0 0 0 James Wilder 0.50 X 0 0 0 Jeanette Bradshaw 0.50 X 0 0 0 Jeff Coody 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 Danna Humphreys 0.50 X 0 0 0 Don Scott 0.50 X 0 0 0 Rusty Gunn 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 David W Whitlock 50.00 X 153001 0 71191 Randy L Smith 50.00 X 124995 0 14535 R Stanton Norman 50.00 X 77823 0 72190 355819 0 157916 2 0 1 0 Aramark Campus Services 500 W University Box 61701 Shawnee OK 74804 Food/Catering Svcs 2189368 Aramark Facility Services 500 W University Box 61837 Shawnee OK 74804 Custodial Services 717947 Royall & Company 1920 E Parham Road Richmond VA 23228 Adm/Recruit Consult 284511 Xerox Capital Services LLC PO Box 660502 Dallas TX 75266 Copy/Mailroom Svcs 263230 Sophia Higher Education Inc 4 Country View Road Malvern PA 19355 Software maintenance 199814 5 4067589 271244 2451267 118707 6790100 Tuition 900099 26829207 26829207 Auxiliary-Hsng/Meals 721310 6583170 6583170 Fees 900099 2520792 2520792 Misc Educational Svcs 900099 1165779 1165779 Other Income 900099 273539 273539 37372487 3885339 32730 3852609 1102957 1102957 151568 149985 1583 1583 1583 49152466 37405217 0 4957149 14902327 14902327 467903 115886 270146 81871 14382653 12092850 1654223 635580 715454 593728 89885 31841 1732930 1170109 503092 59729 940088 783782 119056 37250 27413 27413 71750 71750 94239 94239 128739 128431 308 193114 146566 46548 2480805 1474661 930774 75370 547395 42508 476399 28488 1420351 1115686 259782 44883 1137095 984961 76275 75859 697639 547893 85885 63861 711695 711695 2155510 1811695 314677 29138 551007 534247 10000 6760 Food service 2341585 2341585 Other 1018383 762630 250716 5037 Custodial service 715674 715674 Equipment rent/maint 488714 411761 76953 Bad debt expense 89256 8502 80754 48011719 41268746 5472759 1270214 10335 10631 3214995 1319970 230857 164034 1529889 1765850 18801 26057 146777 211886 95958259 37977115 57021781 57981144 1436535 1705080 12023058 12900284 1440569 1334215 85504498 94153692 162578095 171572843 1476594 1365979 532883 1024401 9758486 9089380 5383248 5560641 17151211 17040401 X 50940295 56098863 16963159 19879409 77523430 78554170 145426884 154532442 162578095 171572843 X 1140747 7964811 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91026123 821222 11401353 977553 1528994 1103560 99638591 85329444 2099774 6790528 844967 1321614 1027042 91026123 96728627 8941122 -13451526 2372704 3677921 838154 85329444 0.06000 0.79000 0.15000 0 1 1 4537738 4537738 65299895 22091329 43208566 257482 257482 23581415 15885786 7695629 2281729 2281729 57981144 41737 F Church Building Loan Fund 11079501 F Mineral Interests 1412209 F Other Misc Investments 366837 F 12900284 Trusts administered by Southern Bapt Fdn 154622 Trusts administered by Presbyterian Fdn 14979 Wiley Trust 24643 Zoll Trust 840122 Toland Trust 1641561 Violet Sturgeon Minton Trust 86880 Trusts administered by OK City Comm Found 647860 Funds held in trust-Baptist Found of OK 90690671 Trusts administered by Community Fdtn of OK 52354 94153692 Funds held in trust for others 49748 Government advances refundable 814641 Asset retirement obligation 710252 Post-retirement benefits obligation 3986000 5560641 49152466 48011719 1140747 7613924 350887 7964811 9105558 44605051 7613924 7613924 36991127 12161339 12161339 49152466 35850380 0 35850380 12161339 12161339 48011719 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 technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of July 31, 2011, 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 990 350,887. Part XII, Line 4b - Other Adjustments: Scholarships 12,161,339. Part XIII, Line 4b - Other Adjustments: Scholarships 12,161,339. 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. Middle East and North Africa 0 0 Program Services Student Trips 46872 South Asia - 0 0 Program Services Student Trips 35320 East Asia and the Pacific 0 0 Program Services Student Trips 12360 South America 0 0 Program Services Student Trips 37241 North America 0 0 Program Services Student Trips 41461 Central America and the Caribbean 0 0 Program Services Student Trips 15947 Europe (Including Iceland & Greenland) 0 0 Program Services Student Trips 12268 0 0 0 0 0 0 201469 0 201469 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 94239 -94239 94239 -94239 OK 1 Scholarships 1652 14902327 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 151461 0 100 0 1440 0 9877 0 61314 0 224192 0 0 0 R Stanton Norman 76503 0 100 0 1220 0 5712 0 66478 0 150013 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 34680 X 9 118707 Public Exchg 0 1 0 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 gains on investments: 7,613,924. Change in supporting organization's assets reported on separate Form 990 350,887. Total to Form 990, Part XI, Line 5: 7,964,811. Explanation of Reponsibility Form 990, Part XI, Line 2c The organization has a committee that assumes responsibility for oversight of audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year. Trustees approved by BGCO ForM 990, PART IV, LINE 7b 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. 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 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Tulsa Royalties Company C 1509000 Cash value of transaction