2021-03-08T11:44:56-06:00 2020-04-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2019-05-01 730739626 Oral Roberts University ORAL 9184956203 7777 South Lewis Tulsa OK 74171 Neal Stenzel CFO 9184956203 2021-03-08 1 Ted R Batson Jr P00721951 7195286225 2019 2022-09-23 18:48:47Z William M Wilson 7777 South Lewis Tulsa OK 74171 157302318 0 X www.oru.edu X 1963 OK To develop Holy Spirit-empowered leaders through whole person education to impact the world. 23 23 2273 124 704358 0 30890878 23699564 111931130 114335870 1565577 1426847 2777190 1306560 147164775 140768841 43278250 46273766 0 0 48233429 47653659 78473 0 2286700 44993898 46310479 136584050 140237904 10580725 530937 198900916 196022051 39416879 36781439 159484037 159240612 X To develop Holy Spirit-empowered leaders through whole person education to impact the world, thereby preparing its graduates to be professionally competent servant-leaders who are spiritually alive, intellectually alert, physically disciplined, and socially adept. 0 0 92066656 46092835 89244291 Instruction and Academic Support - Instruct and provide academic support to the approximately 4,000 students.Student Services, Scholarships, and Grants - Ease the administrative and financial burden of students' education. 19621306 20747018 Auxiliary Enterprises - Costs incurred to provide room and board and other auxiliary service to the student resident population. 3111509 180931 210309 Public Service - Costs incurred to facilitate weekly community outreach, annual domestic and international mission trips, and other public service opportunities. 2700305 3968070 Golden Eagle Broadcasting America - Costs to broadcast television programming that seeks to equip, empower, and educate through Spirit-Empowered Edu-tainment that will help viewers to live well - Spirit, Mind, and Body. 44222 Research - Costs incurred to conduct biomedical, academic, and other related research. 2744527 3968070 117543998 1 1 0 1 0 0 0 1 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 X 5181 0 1 2273 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL KY MD MA MI NH NY OK OR SC X X Michelle McMillan 9184956203 7777 South Lewis Tulsa OK 74171 X William M Wilson President 40.00 X 432861 0 121575 R Michael Carter Athletic Director 40.00 1.00 X 287191 0 31679 Neal Stenzel Assistant Treasurer/CFO 40.00 X 234982 0 82915 Kathaleen Reid-Martinez Provost/Chief Academic Officer 40.00 X 192672 0 98395 Laura Bishop VP of Advancement 36.00 4.00 X 224419 0 65929 Timothy Philley Chief Operating Officer 40.00 X 221339 0 15448 Paul Mills Head Men's Basketball Coach 40.00 X 198875 0 26329 Michael Mathews VP of Technology & Innovation 40.00 X 176183 0 14282 Nancy Brainard VP of Enrollment Management 40.00 X 152379 0 24888 Misty Cussen Head Women's Basketball Coach 40.00 X 141113 0 3891 Sergio Matviuk Assoc VP of Student Success 40.00 X 133641 0 11061 Adreanne Cates Assistant Secretary 40.00 X 52869 0 7284 Mike Rakes Chairman 7.00 X X 0 0 0 Holly Moore Vice Chair 2.00 X X 0 0 0 Tim Lyons Treasurer (through 4/15/20)/Trustee 1.00 X X 0 0 0 Brad Thomas Secretary (through 4/15/20)/Treasurer 1.96 1.00 X X 0 0 0 LaDonna Osborn Secretary effective 4/15/20 1.20 X X 0 0 0 Robert Barron Trustee 1.50 X 0 0 0 Camella Binkley Trustee 3.00 X 0 0 0 Gary Brown Trustee 0.50 X 0 0 0 Victor Cardenas Trustee 2.00 X 0 0 0 Michael Cardone III Trustee 1.50 X 0 0 0 Hugo Chan Trustee 1.00 X 0 0 0 David Daniels III Trustee 1.00 X 0 0 0 Tessie DeVore Trustee (Part year) 0.67 X 0 0 0 Angela Evans Trustee 1.00 X 0 0 0 Sean Everhart Trustee 1.00 X 0 0 0 Michael Fletcher Trustee 1.50 X 0 0 0 Stuart Greaves Trustee 1.00 X 0 0 0 Anthony Guida Jr Trustee 0.50 X 0 0 0 Gordon Helm Trustee (Part year) 2.00 X 0 0 0 Peter Kuzmic Trustee 2.00 X 0 0 0 Matt Reardon Trustee 4.00 X 0 0 0 Stephen Robinson Trustee 0.10 X 0 0 0 Mark Sterns Trustee 3.00 X 0 0 0 Robert Tull Jr Trustee 1.00 X 0 0 0 Joanne Cole Webster Trustee 2.00 X 0 0 0 2448524 0 503676 39 0 1 0 Key Construction Oklahoma LLC 5477 S 108th East Ave Tulsa OK 74146 Construction Services 8149638 Sodexo Inc 9801 Washingtonian Blvd Gaithersburg MD 20878 Management & Food Services 6231554 Thompson Construction Inc 8141 E 74th Pl Tulsa OK 74133 Construction Services 1688545 Exela Enterprise Solutions 2701 East Grauwyler Road Irving TX 75061 Management Staff Services 693441 Highgate General Contractors Inc 4265 S 68th East Ave Tulsa OK 74145 Construction Services 682919 25 153265 1776265 2970755 18799279 82360 23699564 Tuition 611600 83729206 83729206 Auxiliary Services 541900 20903271 20261562 641709 Fees 611600 4935014 4935014 GEB America TV airtime 900099 3968070 3968070 800309 800309 114335870 1443702 1443702 200732 200732 10964454 66589 10419199 19999 545255 46590 591845 62649 529196 6026117 6040404 2568 -14287 -2568 -16855 -16855 13372 153265 51307 -37935 -37935 Miscellaneous Income 611600 475527 475527 Bad Debt Recovery 900099 74365 74365 Insurance Recovery 900099 2026 2026 551918 140768841 114169688 704358 2195231 55638 55638 46127835 46127835 90293 90293 1843179 416435 1158494 268250 163707 90049 73658 36839219 29379299 6799954 659966 571708 501692 56818 13198 5648229 4786631 739067 122531 2587617 1989813 538632 59172 447883 12500 435383 159750 159750 62954 62954 12438568 4015714 8359182 63672 705641 412316 192262 101063 5516323 2764126 2655723 96474 2680333 924871 1710746 44716 2141767 1128 2140639 2974461 2557122 311420 105919 933200 645299 69688 218213 225804 5111 220693 11810 11810 8108381 1531445 6464667 112269 1421105 220834 1200271 Cost of Food Sales 5269292 5269292 Bad Debt Expense 2295541 2294341 1200 Student Aid Program Cos 562264 562264 Memberships 227778 131547 96231 127624 12746593 -13040226 421257 140237904 117543998 20407206 2286700 1081669 2153562 29477780 27039262 2000244 2573599 3996821 3073538 3476442 3307112 399741369 278803200 117549019 120938169 15408742 13192523 22948100 20500633 2962099 3243653 198900916 196022051 12701077 11912738 3736001 3400984 53356 10844 22926445 21456873 39416879 36781439 X 76465979 92144752 83018058 67095860 159484037 159240612 198900916 196022051 530937 -774362 0 X 0 1 X 1 1 1 X 23341480 21907030 21721619 31473867 23699564 122143560 23341480 21907030 21721619 31473867 23699564 122143560 2077630 120065930 609176 801485 927806 12182127 12589157 27109751 643764 2276124 1922866 971578 565290 6379622 155632933 527722209 0.77150 0.91650 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Income - 2015 Amount: $ 513,733. 2016 Amount: $ 597,021. 2017 Amount: $ 569,460. 2018 Amount: $ 462,683. 2019 Amount: $ 475,527. Fundraising Events - 2015 Amount: $ 130,031. 2016 Amount: $ 26,811. 2017 Amount: $ 40,277. 2018 Amount: $ 37,950. 2019 Amount: $ 13,372. Insurance Proceeds - 2016 Amount: $ 1,652,292. 2017 Amount: $ 221,038. 2018 Amount: $ 50,891. 2019 Amount: $ 2,026. Bad Debt Recovery - 2017 Amount: $ 1,092,091. 2018 Amount: $ 420,054. 2019 Amount: $ 74,365. 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 0 0 0 0 0 0 0 0 1 3025 3025 0 Part II-B, Line 1: The University paid member dues to certain organizations who spent a portion of member dues on lobbying. 1542416 X X X 0 0 1 X 45020854 238680 1243854 748302 653427 41149 45060510 43551079 1292438 2049209 840425 987281 44166 45020854 42979111 305633 2275477 889072 1077622 42448 43551079 41896924 949238 2407678 935984 1300433 38312 42979111 41353555 418866 1471938 695497 616258 35680 41896924 1.00000 0 0 2815144 4426504 7241648 128740121 156298401 192406809 92631713 9560215 4718699 4841516 19229593 50671519 60123909 9777203 33612 27966260 21553783 6446089 120938169 Student loans receivable 20500633 C 20500633 Obligations under split-interest agreements 1112860 Perkins Loan Liability 19307862 Obligations under capital lease 288165 Payable to affiliated organizations 747986 21456873 Part III, Line 4: Included in other assets is a rock and mineral collection maintained by the University on campus. Educational tours are available to schools, community groups, and individuals. Part IV, Line 2b: The University maintains custodial liability accounts for several student activity clubs. Part V, Line 4: Earnings of the endowment funds are restricted to: College of Business - $1,630,867 College of Theology - $2,699,211 College of Education - $600,205 College of Arts and Sciences - $1,560,262 College of Nursing - $21,681,596 Scholarships - $11,080,700 General Activities of the University - $5,807,669 Total - $45,060,510 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 4/30/2020. To date, Form 990 and its associated schedules have 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 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 publishes its racially nondiscriminatory policy in the student admissions application, university catalog, and other recruiting brochures and media. The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Oral Roberts University enrollment includes students from 116 nations and all 50 states. 57% of students are from racial minority groups. A non-discrimination statement is included in the University's Title IX policy at https://oru.edu/consumer-information/title-ix/policy/index.php. Other web locations that include a nondiscrimination statement: https://oru.edu/human-resources/application-process.php https://oru.edu/human-resources/index.php The policy was also added to the homepage after the current tax year. Schedule E, Part I, Line 6 Oral Roberts University participates in the following US Department of Education student financial aid programs: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Work Study, and Direct Loan Programs. The university also received funds through the Higher Education Emergency Relief Fund (HEERF). All HEERF funds received in the 2019 tax year were distributed to students. The university also receives federal grant funds from the National Science Foundation and state grant funds from the Oklahoma State Regents for Higher Education and the University of Oklahoma. 1 Central America and the Caribbean 0 0 Program Services Public Service 117011 Central America and the Caribbean 0 0 Program Services Recruiting 16637 Central America and the Caribbean 0 0 Grants to recipients located in region 9000 East Asia and the Pacific 0 0 Program Services Academic Support 10434 East Asia and the Pacific 0 0 Conferences/ Seminars 3246 East Asia and the Pacific 0 0 Fundraising 10923 East Asia and the Pacific 0 0 Program Services Public Service 107314 East Asia and the Pacific 0 0 Program Services Recruiting 39799 East Asia and the Pacific 0 0 Program Services Study Abroad 2061 East Asia and the Pacific 0 0 Grants to recipients located in region 7000 Europe 0 0 Conferences/ Seminars 32747 Europe 0 0 Program Services Academic Support 1575 Europe 0 0 Program Services Instruction 921 Europe 0 0 Program Services Public Service 67703 Europe 0 0 Program Services Recruiting 17082 Europe 0 0 Program Services Study Abroad 116235 Europe 0 0 Grants to recipients located in region 13680 Middle East and North Africa 0 0 Conferences/ Seminars 500001 Middle East and North Africa 0 0 Program Services Academic Support 277 Middle East and North Africa 0 0 Program Services Instruction 13532 Middle East and North Africa 0 0 Program Services Public Service 7353 Middle East and North Africa 0 0 Program Services Study Abroad 9016 Middle East and North Africa 0 0 Grants to recipients located in region 4140 North America - Canada and Mexico, but but not the United States 0 0 Conferences/ Seminars 9181 North America - Canada and Mexico, but but not the United States 0 0 Institutional Support 2200 North America - Canada and Mexico, but but not the United States 0 0 Program Services Recruiting 17882 North America - Canada and Mexico, but but not the United States 0 0 Program Services Study Abroad 16283 North America - Canada and Mexico, but but not the United States 0 0 Grants to recipients located in region 5000 Russia & the Newly Independent States 0 0 Conferences/ Seminars 8979 Russia & the Newly Independent States 0 0 Program Services Public Service 1853 South America 0 0 Conferences/ Seminars 32988 South America 0 0 Program Services Public Service 63081 South America 0 0 Program Services Recruiting 23959 South America 0 0 Grants to recipients located in region 24800 South Asia 0 0 Conferences/ Seminars 4208 South Asia 0 0 Program Services Public Service 32317 South Asia 0 0 Program Services Study Abroad 83 South Asia 0 0 Program Services Student Services 1525 South Asia 0 0 Grants to recipients located in region 13182 Sub-Saharan Africa 0 0 Conferences/ Seminars 12801 Sub-Saharan Africa 0 0 Program Services Public Service 144534 Sub-Saharan Africa 0 1 Program Services Recruiting 4045 Sub-Saharan Africa 0 0 Program Services Study Abroad 37119 Sub-Saharan Africa 0 0 Grants to recipients located in region 13490 0 0 0 1 0 1 314364 1262833 1577197 0 0 0 0 0 1 Part I, Line 2: Ministries interested in having their project selected as an ORU missions project submit a Missions Project Proposal. The ORU Mission's Committee meets and approves of projects and numbers them according to their urgency of completion. Ministries are notified when funds have been collected to disburse the pledged amount to the missions project designation. Each ministry is required to send proof to the administrative liaison once the missions project is completed. This proof comes in forms such as photos and video testimonials. The administrative liaison reports this information back to the ORU Missions Committee. Part I, line 3: Expenditures are accounted for using the accrual method of accounting. Part III Accounting Method: Homecoming Banquet 107390 97003 10387 363 14773 29027 Scholarship Dinner 59247 56262 2985 3421 3723 166637 153265 13372 363 18194 32750 51307 -37935 1 Tulsa Metro Chamber Two West Second St Ste 150 Tulsa OK 74103 730488250 501(c)(6) 29900 Community Participation Carl Richardson Ministries Inc 3006 Drakes Landing Ct Valrico FL 33596 592471263 10000 Ministry Support 0 2 Scholarships/Fellowships 2865 44766585 CARES-HEERF Emergency Aid 1635 1319700 Student Competition Awards 6 6550 Benevolence 1 35000 Part I, Line 2: Ministries interested in having their project selected as an ORU missions project submit a Missions Project Proposal. The ORU Mission's Committee meets and approves of projects and numbers them according to their urgency of completion. Ministries are notified when funds have been collected to disburse the pledged amount to the missions project designation. Each ministry is required to send proof to the administrative liaison once the missions project is completed. This proof comes in forms such as photos and video testimonials. The administrative liaison reports this information back to the ORU Missions Committee. Scholarships/fellowships are applied directly to student accounts. No cash changes hands. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 William M Wilson President 295972 0 105500 0 31389 0 32934 0 88958 0 554753 0 0 0 R Michael Carter Athletic Director 221342 0 60024 0 5825 0 7069 0 24926 0 319186 0 0 0 Neal Stenzel Assistant Treasurer/CFO 197725 0 26500 0 10757 0 6547 0 76685 0 318214 0 0 0 Kathaleen Reid-Martinez Provost/Chief Academic Officer 151715 0 26500 0 14457 0 23134 0 75577 0 291383 0 0 0 Laura Bishop VP of Advancement 189686 0 6000 0 28733 0 6194 0 60087 0 290700 0 0 0 Timothy Philley Chief Operating Officer 214405 0 1536 0 5398 0 6536 0 9228 0 237103 0 0 0 Paul Mills Head Men's Basketball Coach 190388 0 482 0 8005 0 6000 0 20645 0 225520 0 0 0 Michael Mathews VP of Technology & Innovation 168750 0 6000 0 1433 0 0 0 14630 0 190813 0 0 0 Nancy Brainard VP of Enrollment Management 142384 0 6015 0 3980 0 4560 0 20645 0 177584 0 0 0 Part I, Line 1a Airfare totaling $3,972 was provided to companions of trustees as a taxable benefit. The recipients of this benefit were Camella Binkley, Victor Cardenas, Michael Fletcher, Timothy Lyons, Mike Sterns, Brad Thomas, Robert Tull, Jr. and Gilberto Velez. President William Wilson received a nontaxable ministerial housing allowance of $88,200. VP Kathaleen Reid-Martinez received a nontaxable ministerial housing allowance of $50,001. VP Laura Bishop received taxable travel expenses and meals for family in the amount of $5,039. VP R. Michael Carter received taxable travel expenses and meals for a spouse in the amount of $275. Country club dues were paid on behalf of R. Michael Carter with the amount determined to be for personal use included in his taxable compensation for the year. Part I, Line 7 The following discretionary performance bonuses were given: W. Wilson $75,000 N. Stenzel $25,000 K. Reid-Martinez $25,000 L. Bishop, M. Mathews, N. Brainard $5,000 Lisa Wilson Family member of William M. Wilson, President 73658 Wages 0 W Ashley Wilson Family member of William M. Wilson, President 90049 Wages 0 X 9153 Estimated FMV X 8 61321 FMV - Exchange Price X Organ 1 11000 Appraisal X Media Equip 2 886 Estimated FMV 0 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 1: The Executive Committee shall have delegated authority from the Board to advise and assist the President of the University to address routine business matters between regular Board meetings and to assist the Board Chair and the President in their joint responsibility to help the Board to function effectively and efficiently by suggesting Board meeting agenda items and periodically assessing the quality of committee work. The Executive Committee shall have delegated authority to act for the Board of Trustees on all matters except for the following, which shall be reserved for the Board: President selection and termination; Trustee and Board officer selection; changes to the Bylaws or Certificate of Incorporation; incurring of University indebtedness other than indebtedness in the ordinary course of business; sale of University assets or tangible property other than in the ordinary course of business; adoption of the annual budget; and conferral of degrees. These Bylaws or this Board may from time to time reserve other powers exclusively for the Board of Trustees. In addition to its authority to take action on emergency matters that cannot or should not be deferred to the next scheduled meeting of the Board, the Executive Committee shall oversee the work of Board Standing Committees and other committees. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. 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 Board's approval of the Form 990 for filing is in accordance with the requirements for action by the Board and is otherwise recorded 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, key employee, and member of a committee with governing board delegated powers shall annually sign a conflict of interest disclosure statement which is reviewed by the Audit Committee. 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 are conducted by the Audit Committee. The periodic reviews 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, and (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. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. 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 are not 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 is based upon data of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. (3) There is 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 The governing documents, conflict of interest policy, and financial statements are made available on the University's website. Form 990, Part VII: Minister's deferred compensation reporting 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. ORU Golden Eagle Club 7777 S Lewis Ave Tulsa OK 74171 237164698 Support University Athletics OK 501(c)(3) Line 10 Oral Roberts University 1 Oral Roberts University eAcademy 7777 S Lewis Ave Tulsa OK 74171 208195686 Online Christian Education OK 501(c)(3) Line 2 Oral Roberts University 1 Oral Roberts University Educational Fellowship 7777 S Lewis Ave Tulsa OK 74171 731310793 Christian School Networking OK 501(c)(3) Line 10 Oral Roberts University 1 University Broadcasting Inc 7777 S Lewis Ave Tulsa OK 74171 731493165 TV Broadcasting OK Oral Roberts University C 572850 799292 1.00000 1 Charitable Remainder Unitrusts (5) Trusts OK Oral Roberts University T 1 Pooled Income Fund (1) Trusts OK Oral Roberts University T 1 1 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 ORU Golden Eagle Club C 1776265 FMV ORU Golden Eagle Club O 203634 FMV ORU Golden Eagle Club N ORU Golden Eagle Club R 118960 FMV University Broadcasting Inc A 86320 FMV University Broadcasting Inc J 86320 FMV University Broadcasting Inc L 54595 FMV University Broadcasting Inc N University Broadcasting Inc O 128749 FMV ORU Golden Eagle Club J ORU Golden Eagle Club L ORU Golden Eagle Club Q ORU Golden Eagle Club S University Broadcasting Inc M University Broadcasting Inc Q 156296 FMV Oral Roberts Educational Fellowship N