2021-04-13T13:33:10-05:00 2020-05-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2019-06-01 730579264 Oklahoma Baptist University OKLA 4052752850 500 W University Box 61207 Shawnee OK 74804 Randy Smith Exec VP of Bus. & Admin Svcs 4052752850 2021-04-13 1 Ted R Batson Jr P00721951 7195286225 2019 2022-09-23 18:48:47Z Dr Heath Thomas 500 W University Box 61207 Shawnee OK 74804 110219692 0 X www.okbu.edu X 1910 OK A Christian Liberal Arts University 31 31 1233 55 0 -15250 9754324 31637613 62924663 62275794 6665998 6119457 457164 391994 79802149 100424858 28881980 30480440 0 0 26703336 23788533 94958 96965 1287619 20249169 19232472 75929443 73598410 3872706 26826448 234851359 254941936 35710517 33903854 199140842 221038082 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 46064879 29531134 45266680 Academic Instruction - Oklahoma Baptist University offers 9 baccalaureate degrees, one associate's degree and four graduate degrees. There are 84 undergraduate academic major fields of study, with pre-professional degrees in several areas. The academic offerings are operated through seven colleges: Theology and Ministry, Science and Mathematics, Humanities and Social Science, Business, Fine Arts, Nursing, and Graduate and Professional Studies. The University's core curriculum integrates academic disciplines to provide a rigorous liberal arts education. Master's degrees are offered in business administration, marriage and family therapy, nursing and religion. The University's four-year graduation rate is among the highest in the state and region. 11206062 949306 6056075 Oklahoma Baptist University provides a range of services to students, including health services, career planning and placement, counseling, financial aid, athletic opportunities through 21 varsity sports, an extensive intramural and club 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. 7828889 8875638 Auxiliary Enterprises- Oklahoma Baptist University operates residential facilities for approximately 1,200 of the University's approximately 1,800 enrolled students. Campus dining, including catering services, is provided through Chartwells, a Compass Group company. The University's bookstore is operated by Tree of Life Bookstores. 2077401 Miscellaneous revenue generated from educational sales/services/events 2077401 65099830 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 2573 0 1 1233 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 31 31 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X X Lauri Fluke AVP Finance & Admin 4055855130 500 W University Box 61207 Shawnee OK 74804 X David Whitlock Former President 50.00 X 202513 0 81869 Randy L Smith CFO/EVP Bus. & Admin Svcs 50.00 X 155731 0 53972 Susan DeWoody Provost 50.00 X 147427 0 21017 William Smallwood Sr VP Advancement 50.00 X 140998 0 17237 David Houghton Dean, College of Business 50.00 X 118463 0 27198 Christopher Jones Dean, College of Science & Math 50.00 X 106569 0 26154 Dr Heath Thomas President 50.00 X 77222 0 45026 Daryl Green Professor of Business 50.00 X 101576 0 7465 Jeff Moore Chairman 0.50 X X 0 0 0 Danna Humphreys Vice Chairman 0.50 X X 0 0 0 James Wilder Secretary 0.50 X X 0 0 0 Owen Nease Treasurer 0.50 X X 0 0 0 Eddie Lakey Trustee 0.50 X 0 0 0 Les Miller Trustee 0.50 X 0 0 0 Eric Costanzo Trustee 0.50 X 0 0 0 Hance Dilbeck Trustee 0.50 X 0 0 0 Stephen Allen Trustee 0.50 X 0 0 0 Denver Talley Trustee 0.50 X 0 0 0 Ben Stewart Trustee 0.50 X 0 0 0 Glenn Coffee Trustee 0.50 X 0 0 0 Ingrid Jackson Trustee 0.50 X 0 0 0 Scott Watkins Trustee 0.50 X 0 0 0 Joe Sherrer Trustee 0.50 X 0 0 0 John Lee Trustee 0.50 X 0 0 0 Bill Gwartney Trustee 0.50 X 0 0 0 Ronda Mikles Trustee 0.50 X 0 0 0 Don Scott Trustee 0.50 X 0 0 0 Sam Garlow Trustee 0.50 X 0 0 0 Brian Waddell Trustee 0.50 X 0 0 0 Bryan Gilbert Trustee 0.50 X 0 0 0 AJ Tiger Trustee 0.50 X 0 0 0 Ryan Aldrich Trustee 0.50 X 0 0 0 Corey Holland Trustee 0.50 X 0 0 0 Michael Gabbert Trustee 0.50 X 0 0 0 Ron Davis Trustee 0.50 X 0 0 0 Craig Towery Trustee 0.50 X 0 0 0 Nick Atyia Trustee 0.50 X 0 0 0 Caleb Scott Trustee 0.50 X 0 0 0 Will Wilson Trustee 0.50 X 0 0 0 Dr C Pat Taylor Interim President (Part year) 50.00 X 0 0 0 1050499 0 279938 11 1 1 0 Chartwells 500 W University Shawnee OK 74804 Food/catering services 3156837 Tree of Life Bookstore Inc 1500 S Western Ave Marion IN 46953 Bookstore services 1150927 Aramark Facilities 500 W University Shawnee OK 74804 Custodial services 967278 Monarch Marketing Group LLC 4801 Gallardia Parkway Suite 200 Oklahoma City OK 73142 Marketing services 629430 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Consulting services 437732 17 4037553 6015444 21584616 15056922 31637613 Tuition 611310 45266680 45266680 Auxiliary-Hsng/Meals 721310 8875638 8875638 Fees 900099 6056075 6056075 Misc Educational Svcs 900099 1513696 1513696 563705 563705 62275794 6167472 6167472 369193 369193 24755 1954 22801 22801 22801 9691263 53602 9691779 101101 -516 -47499 -48015 -48015 100424858 62275794 0 6511451 30480440 30480440 418334 318412 99922 39208 26552 12656 17675896 14943126 2267955 464815 780474 627756 132928 19790 3582581 1721131 1822471 38979 1292040 1005278 256340 30422 20211 20211 78235 78235 96965 96965 16791 16779 12 890110 510991 350616 28503 692247 315538 359228 17481 1883584 1681873 121204 80507 766399 318744 404285 43370 3054843 2994709 47809 12325 888820 803893 54393 30534 334367 300818 22155 11394 967386 960950 6135 301 3974496 3871258 83691 19547 310557 285006 25551 Food service 2291173 2291173 Events 1643439 1396105 80624 166710 Bad debt expense 525531 525531 Equipment 372698 273741 97324 1633 521585 290748 131979 98858 73598410 65099830 7210961 1287619 176000 238713 1561051 1054430 2598682 2781668 5437 8468 779059 841989 169749987 64629989 92029951 105119998 1150145 1189637 10441082 17330773 1059665 870553 125050287 125505707 234851359 254941936 1790492 1143914 2825960 983573 7668640 6801702 18445008 19352708 670689 4980417 4951268 35710517 33903854 X 69379310 87855817 129761532 133182265 199140842 221038082 234851359 254941936 X 26826448 -5641160 711952 X 0 1 X 1 1 1 X 8604440 9006202 8229282 9754324 31637613 67231861 8604440 9006202 8229282 9754324 31637613 67231861 13460748 53771113 5686223 5219166 6461194 7243707 6561420 31171710 2173594 497153 403513 17877 3092137 101495708 306616814 0.52980 0.56930 X Schedule A, Part II, Line 10, Explanation of Other Income: Gross Fundraising Event Fees - 2015 Amount: $ 132,555. 2016 Amount: $ 26,567. 2017 Amount: $ 20,331. 2018 Amount: $ 17,877. Other Income - 2015 Amount: $ 2,041,039. 2016 Amount: $ 470,586. 2017 Amount: $ 383,182. 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 130727579 4571641 2206627 3740042 1780951 359872 131624982 134725695 2975309 189329 3060192 3070124 1032438 130727579 126580053 1291061 13578592 4817329 725464 1181218 134725695 116706778 2031276 14172510 3244917 1916111 1169483 126580053 121778962 2189159 -2890369 2659422 480720 1230832 116706778 0.02860 0.97140 1 1 1 5327378 5327378 127082241 35875974 91206267 28961856 23624522 5337334 8378512 5129493 3249019 105119998 Church Building Loan Fund 15511311 F Mineral Interests 1819462 F 17330773 Trusts administered by Southern Bapt Fdn 210539 Trusts administered by Presbyterian Fdn 15295 Zoll Trust 783813 Toland Trust 1926225 Trusts administered by OK City Comm Fdn 750128 Funds held in trust-Baptist Fdn of OK 121819707 125505707 Government advances refundable 478409 Asset retirement obligation 1124859 Post-retirement benefits obligation 3348000 4951268 Form 990, Schedule D, Part V, Line 1: The endowment activity also includes the beneficial interests, future interest in remainder interests, and amounts held by the University for student loans. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2020. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Form 990, Schedule D, Part V, Line 4: Income from endowment funds is used to provide scholarships, instructional and academic support, funding for faculty positions, faculty development as well as overall operational support for the University. 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. 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. In addition, for FY20, CARES Act funds were also received - a student portion which provided emergency grant aid directly to students and the institutional portion as well as a small amount from the Strengthening Institutions Program (SIP). Central America and the Caribbean 0 0 Program Services Student Trips 11588 East Asia and the Pacific 0 0 Program Services Student Trips 11952 Europe (Including Iceland & Greenland) 0 0 Program Services Student Trips 164739 Middle East and North Africa 0 0 Program Services Student Trips 32012 South America 0 0 Program Services Student Trips 50246 Sub-Saharan Africa 0 0 Program Services Student Trips 46491 South Asia 0 0 Program Services Student Trips 28324 0 0 0 0 0 0 345352 0 345352 0 0 0 0 0 0 Part I, line 3: Foreign expenditures are monies expended for student trips outside the US. The organization tracks expenditures in accordance with the accrual basis of accounting. They are recorded based on actual out-of-pocket expenses while traveling outside the US using expense reports and other appropriate documentation. Part III Accounting Method: X X X X X X 1 Royall & Company PO Box 603519 Charlotte NC 28260 Annual fund/giving consultant 0 561530 96965 464565 561530 96965 464565 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MO MT NE NV NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT WA WV WI WY 1 Scholarships 1761 29531134 HEERF Assistance 1505 949306 Part I, Line 2: The University awards scholarships to individual students based upon financial need, scholastic ability, and other criteria. Monitoring of each student's enrollment status and GPA occurs throughout the award period to ensure grant criteria are met. No cash changes hands, and funds are directly applied to student accounts. OBU used a hybrid method to award the emergency financial aid funds. An application was provided to all students for them to report emergency costs associated with the campus closure due to Covid-19 in the spring semester. OBU also used the group method to target specific groups of students with similar expenses. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 David Whitlock Former President 78532 0 0 0 123981 0 31213 0 51107 0 284833 0 0 0 Randy L Smith CFO/EVP Bus. & Admin Svcs 154531 0 0 0 1200 0 12102 0 42787 0 210620 0 0 0 Susan DeWoody Provost 146227 0 0 0 1200 0 10599 0 11316 0 169342 0 0 0 William Smallwood Sr VP Advancement 139448 0 0 0 1550 0 4375 0 13743 0 159116 0 0 0 Part I, Line 1a The President's wife accompanies the President on various University events for which travel is required. These travel arrangements are paid by the University and are treated as taxable income included on the President's W-2. As an ordained minister of the Gospel, the President receives an annual ministers housing allowance that is appropriately treated as a non-taxable benefit and is included in 990 Part VII, Column (F) and in Schedule J Part II, Column (D). Part I, Line 3 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 and benefits of like institutions. The deliberations and decisions regarding executive compensation are documented in the board minutes. Part I, Line 4a Former President David Whitlock received a severance payment in 2019 totaling $123,981. A Oklahoma Baptist University Authority 521571232 2015-11-20 7335000 Refund portion of Series 2005 bonds issued 12/6/2005 0 0 0 B Oklahoma Baptist University Authority 521571232 2015-11-20 3500000 Construction of educational facilities and educational related offices 0 0 0 A 2663780 7355000 141813 7213187 1 0 1 1 B 1203140 3500000 50000 3450000 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: Oklahoma Baptist University Authority Date the Rebate Computation was Performed: 12/09/2020 Issuer Name: Oklahoma Baptist University Authority Date the Rebate Computation was Performed: 12/09/2020 Joshua C Whitlock Family member of David W. Whitlock, Former President 10124 W-2 Employee 0 Michelle Whitlock Family member of David W. Whitlock, Former President 22571 W-2 Employee 0 X 1 1425 Appraised market value X 1 497 Public exchange X 2 15055000 Appraised market value 2 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 3 Interim President Dr. C. Pat Taylor was contracted through an external firm during the search for a permanent President. Form 990, Part VI, Section A, line 7a Oklahoma Baptist University was organized by action of the Baptist General Convention of Oklahoma (BGCO). According to the University's bylaws, the BGCO has the power to remove (for cause) trustees and replace them. The Executive Director - Treasurer of the BGCO is a trustee on the University's board. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and then reviewed in detail by the Finance Team. It is then made available to the Audit Committee and the entire Board prior to being filed 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 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 employee salary and benefits. The President has an annual review by the Board of Trustees that includes a performance review and comparison to average salaries and benefits of like institutions. The deliberations and decisions regarding executive compensation are documented in the board minutes. Form 990, Part VI, Section C, line 19 The organization's audited financial statements and conflict of interest policy are available on the organization's website. The organization's governing documents are available upon request. Form 990, Part VII and Schedule J: Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part XI, line 9: Change in value of investments held by supporting organization 2,794,178. Change in value of beneficial interests in funds held by others -1,962,226. Change in actuarial value of PRBO -120,000. MacK Holdings LLC 500 W University St Shawnee OK 74804 823233383 Manage retail leasing operations OK 21175 -28069 Oklahoma Baptist University Tulsa Royalties Company 500 W University Box 61207 Shawnee OK 74804 736101744 Support of Oklahoma Baptist University OK 501(c)(3) Line 12a, I Oklahoma Baptist University 1 Baptist General Convention of Oklahoma 3800 N May Ave Okla City OK 73112 730321888 Convention of Churches OK 501(c)(3) Line 1 N/A 0 Baptist Foundation of Oklahoma 3800 N May Ave Okla City OK 73112 730623038 Church support services OK 501(c)(3) Line 1 N/A 0 Shawnee Shipping Center LLC 500 W University St Shawnee OK 74804 822984993 Operates a UPS store OK MacK Holdings LLC Unrelated 9111 138596 0 1 0.50000 Charitable remainder annuity trusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 1 Charitable remainder unitrusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 1 Charitable remainder trusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 1 Irrevocable personal trusts (1) Hold assets and remit income to University OK Oklahoma Baptist University T 1 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 Tulsa Royalties Company C 1619250 Cash Transaction