2021-04-30T13:59:17-05:00 2020-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2019-07-01 730579298 University of Tulsa % MICHAEL D THESENVITZ UNIV 9186313244 800 S Tucker Drive Tulsa OK 74104 MICHAEL D THESENVITZ ASSOC. VP/CONTROLLER 9186313244 2021-05-17 true Michael J Engle P00482834 8162216300 2019 2022-09-23 18:48:47Z JANET LEVIT 800 S TUCKER DRIVE TULSA OK 74104 357619416 false X WWW.UTULSA.EDU X 1894 OK THE UNIVERSITY OF TULSA IS A PRIVATE,INDEPENDENT DOCTORAL-DEGREE-GRANTING INSTITUTION WHOSE MISSION REFLECTS THESE CORE VALUES: (SEE SCHEDULE O) 27 26 3265 491 554283 50405486 57601568 210956767 211646944 32199285 22313576 1628575 558871 295190113 292120959 98742618 106433919 0 0 123425713 126972489 61656 61129 5290359 82124662 71705101 304354649 305172638 -9164536 -13051679 1535930838 1474689627 191421942 180655900 1344508896 1294033727 X SEE SCHEDULE O false false 251650975 104825919 188020914 INSTRUCTION - THE UNIVERSITY SERVED APPROXIMATELY 3,300 UNDERGRADUATE AND 1,100 GRADUATE STUDENTS IN FISCAL YEAR ENDING JUNE 30, 2020. THIS CATEGORY INCLUDES DIRECT INSTRUCTION COSTS AS WELL AS HOUSING, DINING, STUDENT SERVICES, ATHLETICS, AUXILIARY ACTIVITIES, AND STUDENT AID. IT ALSO INCLUDES THE PORTION OF PLANT MAINTENANCE RELATED TO EDUCATION ACTIVITIES. 5758467 441359 15150169 PUBLIC SERVICE - THIS ITEM INCLUDES 2 PUBLIC RADIO STATIONS, A SPEECH AND HEARING CLINIC, AND SEVERAL ACADEMIC JOURNALS. IT ALSO INCLUDES A PORTION OF PLANT MAINTENANCE RELATED TO PUBLIC SERVICE ACTIVITIES. 16131648 1166641 8475861 RESEARCH - THE INSTITUTION RECEIVES GRANTS FROM FEDERAL, STATE, AND LOCAL AGENCIES AS WELL AS FROM THE PRIVATE SECTOR. THE MAJOR PORTION OF THE INSTITUTION'S RESEARCH IS IN THE FIELDS OF PETROLEUM AND CHEMICAL ENGINEERING. IT ALSO INCLUDES A PORTION OF PLANT AND MAINTENANCE RELATED TO RESEARCH ACTIVITIES. 273541090 true true false true false false false true false true true true false true true false false true true false true false false true true false false false true true true false false false false false false false false false false true false false false true true true false false false true 334 0 true 3265 true true true false false false false true true false false false false true false X 27 26 true false false false false false false true true false false true true true true true true true false false OK X MICHAEL D THESENVITZ 9186312583 800 S TUCKER DRIVE TULSA OK 741043126 X PHILLIP MONTGOMERY HEAD FOOTBALL COACH 40.0 0.0 X 1754654 0 43989 FRANK HAITH HEAD BASKETBALL COACH 40.0 0.0 X 1597565 0 43914 GERARD CLANCY TRUSTEE/PRESIDENT 40.0 1.0 X X 671224 0 46939 DERRICK GRAGG VP AND DIRECTOR OF ATHLETICS 40.0 0.0 X 450497 0 43989 KEVAN BUCK VP BUSINESS & FINANCE & TREAS. 40.0 1.0 X 343524 0 39561 JANET LEVIT PROVOST AND VP ACADEMIC AFFAIR 40.0 0.0 X X 346481 0 28834 KAYLA HALE VP ADVANCEMENT & ALUMNI ENG. 40.0 0.0 X 328792 0 28824 JOSEPH GILLESPIE ASSISTANT FOOTBALL COACH 40.0 0.0 X 301165 0 43989 WILLIAM HANDY III VP MARKETING & COMMUNICATIONS 40.0 0.0 X 274575 0 40907 SUSAN NEAL VP FOR PUBLIC AFFAIRS 40.0 0.0 X 259816 0 40846 EARL JOHNSON VP ENROLLMENT & STUDENT SVCS 40.0 0.0 X 210915 0 35089 MICHAEL D THESENVITZ ASSOCIATE VP AND CONTROLLER 40.0 0.0 X 146066 0 35326 ROGER N BLAIS FORMER PROVOST AND VP ACADEMIC 0.0 0.0 X 140034 0 33141 PETER J SANDMAN DIRECTOR OF FINANCIAL SERVICES 40.0 0.0 X 80937 0 21527 CLIFTON L TAULBERT TRUSTEE 1.0 0.0 X 0 0 0 A CHARLES FUNAI TRUSTEE 1.0 0.0 X 0 0 0 THOMAS COOPER TRUSTEE 1.0 0.0 X 0 0 0 J SCOTT DICKMAN TRUSTEE 1.0 0.0 X 0 0 0 FREDERIC DORWART TRUSTEE/CHAIRMAN 1.0 1.0 X X 0 0 0 KATHERINE G COYLE ES TRUSTEE 1.0 0.0 X 0 0 0 MARCIA MOTT MACLEOD TRUSTEE 1.0 0.0 X 0 0 0 JOHN FORREST MD TRUSTEE 1.0 0.0 X 0 0 0 RANDY FOUTCH TRUSTEE 1.0 0.0 X 0 0 0 SEAN ALEXANDER TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW HAUTH EX OFFICIO MEMBER 1.0 0.0 X 0 0 0 ANTWANE OWENS TRUSTEE 1.0 0.0 X 0 0 0 JACK NEELY TRUSTEE 1.0 0.0 X 0 0 0 CHET CADIEUX TRUSTEE 1.0 0.0 X 0 0 0 BILL THOMAS TRUSTEE 1.0 0.0 X 0 0 0 SANJAY D MESHRI TRUSTEE 1.0 0.0 X 0 0 0 DANA S WEBER TRUSTEE 1.0 0.0 X 0 0 0 JAMES ADELSON TRUSTEE 1.0 0.0 X 0 0 0 R CASEY COOPER TRUSTEE 1.0 0.0 X 0 0 0 ELLEN ADELSON TRUSTEE 1.0 0.0 X 0 0 0 SUE ANN ARNALL TRUSTEE 1.0 0.0 X 0 0 0 KEITH GODDARD TRUSTEE 1.0 0.0 X 0 0 0 DAVID R EASTIN TRUSTEE 1.0 0.0 X 0 0 0 RANDI S WIGHTMAN TRUSTEE 1.0 0.0 X 0 0 0 ANN HEIDGER EX OFFICIO MEMBER 1.0 0.0 X 0 0 0 WILLIAM CARMODY TRUSTEE 1.0 0.0 X 0 0 0 TRACY MANLY INTERIM PROVOST 40.0 0.0 X 0 0 0 JOHN BURY CHIEF FINANCIAL OFFICER 40.0 0.0 X 0 0 0 JACQUELINE CALDWELL VP FOR DIVERSITY & ENGAGEMENT 40.0 0.0 X 0 0 0 ELIZABETH BULLOCK GENERAL COUNSEL 40.0 0.0 X 0 0 0 6906245 0 526875 201 true true false WITT FIALA FLANNERY AND ASSOCIATES 2815 OLIVE STREET ST LOUIS MO 63103 GROUNDS & JANITORIAL 2757365 INVESTURE LLC 126 GARRETT ST SUITE J CHARLOTTESVILLE VA 22902 INVESTMENT MGMT 3150419 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 ENROLLMENT SERVICES 839384 PLATINUM MECHANICAL LLC 7457 E 46TH PL TULSA OK 74135 HVAC CONTRACTOR 352942 PHILLIPS GOMEZ INC ONE WILLIAMS CTR STE 263 TULSA OK 74172 CONSULTING ENGINEERS 591219 23 144262 2165329 55291977 2993774 57601568 STUDENT TUITION & FEES 611710 163513694 163513694 AUXILLARY, ATHLETICS, HOUSING 611710 24507220 24507220 RESEARCH & SPONSORTED PRODUCTS 611710 15150169 15150169 SALES OF EDUCATION DEPT 611710 4829362 4829362 _ 3646499 3646499 211646944 3477754 3477754 0 16091 16091 100890 49796 51094 0 51094 51094 84187631 53261133 12090676 30926498 -12090676 18835822 18835822 34255 144262 96852 -62597 -62597 0 0 0 0 0 0 Income from Investment K-1s 525990 554283 554283 554283 292120959 211646944 554283 22318164 0 106433919 106433919 0 0 3728323 1146312 2262651 319360 0 93380619 84379132 6275765 2725722 6464982 5668311 583563 213108 17181227 15957310 756622 467295 6217338 5474036 547568 195734 0 554054 554054 254892 254892 0 61129 61129 2820808 2820808 13385610 10639468 2489879 256263 270763 247067 23696 14142756 12785314 905815 451627 2332725 4392 2328333 3219 3219 4576104 4377615 163537 34952 5320348 5227117 19732 73499 0 0 5152953 5152953 0 14169504 14169504 2607390 1761390 830247 15753 MEMBERSHIPS 2263547 1782558 323757 157232 ENTERTAINMENT 1868671 1502669 71013 294989 BAD DEBT EXPENSE 1290862 1290862 EQUIPMENT RENTAL MAINTENANCE 673737 673737 17158 17158 305172638 273541090 26341189 5290359 15950241 14043122 1043810 1615898 14605036 14447518 17410406 19089802 0 0 0 0 6846324 5470566 270754 255606 3291707 2578391 617212818 253080936 374085871 364131882 209557566 183221182 299449948 299279387 3353853 3252638 0 0 590065322 567303635 1535930838 1474689627 23106122 23868476 6679829 5787435 13758746 12807670 121512197 111353548 0 0 0 0 23498198 24338582 0 0 2866850 2500189 191421942 180655900 X 196049054 188986306 1148459842 1105047421 1344508896 1294033727 1535930838 1474689627 X -13051679 -60391987 22968497 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 305172638 311721415 305172638 311721415 1000000 1000000 250000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 0 0 250000 250000 250000 250000 1000000 1500000 0 0 X false 536383150 10198952 6803602 43544506 2820808 507020390 529570858 4108457 30258387 25216350 2338202 536383150 493872170 21460768 42286041 26175069 1873052 529570858 457372423 9577450 59543974 29995140 2626537 493872170 485615759 22793701 -26242522 23052264 1742251 457372423 0.06360 0.93300 0.00340 true false 34214976 34214976 428802614 131288754 297513860 51786107 39610792 12175315 60084277 47616286 12467991 42324844 34565104 7759740 364131882 HEDGE FUNDS 222464074 F PRIVATE EQUITY 76815313 F 299279387 Deposits with Bond Trustee 12664942 Funds Held in Trust by Others 554638693 567303635 0 Deposits Payable 2500189 2500189 SCHEDULE D, PART III, LINE 1A BOOK COLLECTIONS AND OTHER ART ARE HELD IN THE UNIVERSITY'S SPECIAL COLLECTIONS HOUSE IN MCFARLIN LIBRARY. THESE ARE NOT FOR PUBLIC VIEWING BUT ARE HELD FOR SCHOLARLY RESEARCH. SCHEDULE D, PART III, LINE 4 THE COLLECTIONS ARE HELD IN THE MCFARLIN LIBRARY IN THE SPECIAL COLLECTIONS. THESE ARE NOT HELD FOR PUBLIC VIEWING BUT ARE USED EXCLUSIVELY FOR SCHOLARLY RESEARCH. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY OF TULSA'S ENDOWMENT FUNDS ARE PRIMARILY USED FOR SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER OPERATING PURPOSES. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE UNIVERSITY OF TULSA PUBLISHES ITS EEO/AA STATEMENT ON ALL PUBLICATIONS, INCLUDING CLASS BULLETINS AND CLASS SCHEDULES AND ON ALL PRINT ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6A THE UNIVERSITY OF TULSA PARTICIPATES IN STUDENT FINANCIAL ASSISTANCE PROGRAMS OF THE U.S. DEPARTMENT OF EDUCATION WHICH INCLUDE FEDERAL PELL GRANT, FEDERAL SUPPLEMENT EDUCATION OPPORTUNITY GRANT, FEDERAL WORK STUDY, FEDERAL DIRECT PLUS, AND FEDERAL DIRECT STUDENT LOAN PROGRAMS. Central America and the Caribbean INVESTMENTS 150374927 150374927 150374927 true false true true true false SCHEDULE F, PART I, LINE 3, COLUMN F THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING FOR THE INVESTMENTS. X X true BLACKMON GROUP UNDERWRITE SALES SRVS true 305647 61129 244518 305647 61129 244518 OK WINE FESTIVAL 97174 74233 22941 1509 1337 3625 20520 KWGS 54264 54264 60061 2 27079 15765 11314 259 2941 6600 178517 144262 34255 1509 1596 6566 87181 96852 -62597 true UNIVERSITY SCHOLARSHIPS, FELLOWSHIPS, AND GRANTS 5449 106433919 SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE FINANCIAL AID AND APPLIED DIRECTLY TO STUDENT ACCOUNTS. IT IS A CONTINUAL PROCESS IN WHICH WE AWARD STUDENT AID WITHIN FEDERAL GUIDELINES AT THE INITIAL AWARDING TIME PERIOD. IF ANY CHANGES TO A STUDENT'S STATUS OCCUR, WE REVIEW THE STUDENT'S AID PACKAGE COMPONENTS TO ENSURE THAT ANY/ALL ADJUSTMENTS MADE MAINTAIN COMPLIANCE WITH TITLE IV FUND RULES. OUR ASSISTANT DIRECTOR OF COMPLIANCE RUNS REPORTS, DAILY, WEEKLY, AND MONTHLY TO ENSURE COMPLIANCE. X X X X X X X true true X X X X X false false false false false false false false false MICHAEL D THESENVITZ ASSOCIATE VP AND CONTROLLER 144986 0 0 0 1080 0 14106 0 21220 0 181392 0 0 0 DERRICK GRAGG VP AND DIRECTOR OF ATHLETICS 418459 0 15000 0 17038 0 24750 0 19239 0 494486 0 0 0 KAYLA HALE VP ADVANCEMENT & ALUMNI ENG. 300529 0 0 0 28263 0 24750 0 4074 0 357616 0 0 0 KEVAN BUCK VP BUSINESS & FINANCE & TREAS. 315815 0 0 0 27709 0 24750 0 14811 0 383085 0 0 0 EARL JOHNSON VP ENROLLMENT & STUDENT SVCS 209835 0 0 0 1080 0 19350 0 15739 0 246004 0 0 0 GERARD CLANCY TRUSTEE/PRESIDENT 619805 0 0 0 51419 0 24750 0 22189 0 718163 0 0 0 JANET LEVIT PROVOST AND VP ACADEMIC AFFAIR 325849 0 0 0 20632 0 24750 0 4084 0 375315 0 0 0 PHILLIP MONTGOMERY HEAD FOOTBALL COACH 1733567 0 0 0 21087 0 24750 0 19239 0 1798643 0 0 0 SUSAN NEAL VP FOR PUBLIC AFFAIRS 255688 0 0 0 4128 0 23850 0 16996 0 300662 0 0 0 WILLIAM HANDY III VP MARKETING & COMMUNICATIONS 272943 0 0 0 1632 0 24750 0 16157 0 315482 0 0 0 JOSEPH GILLESPIE ASSISTANT FOOTBALL COACH 297675 0 0 0 3490 0 24750 0 19239 0 345154 0 0 0 FRANK HAITH HEAD BASKETBALL COACH 1400146 0 170000 0 27419 0 24750 0 19164 0 1641479 0 0 0 ROGER N BLAIS FORMER PROVOST AND VP ACADEMIC 124597 0 0 0 15437 0 24750 0 8391 0 173175 0 0 0 SCHEDULE J, PART I, LINE 1A THE UNIVERSITY OF TULSA (TU) HAS PROVIDED THE FOLLOWING BENEFITS THAT ARE INCLUDED AS TAXABLE INCOME IN THE FOLLOWING OFFICERS, TRUSTEES, OR KEY EMPLOYEES W-2S: GERARD CLANCY: SPOUSAL TRAVEL, CHARTER TRAVEL, GROSS-UP PAYMENTS, DISCRETIONARY SPENDING, HOUSING ALLOWANCE, PERSONAL SERVICES AND CLUB DUES. KEVAN BUCK: CLUB DUES FRANK HAITH: CHARTER TRAVEL DERRICK GRAGG: CHARTER TRAVEL PHILLIP MONTGOMERY: CHARTER TRAVEL JOSEPH GILLESPIE: CHARTER TRAVEL A TULSA INDUSTRIAL AUTHORITY 731372018 899676ML1 2011-03-22 30323703 SEE PART VI false false false B TULSA INDUSTRIAL AUTHORITY 731372018 89965QBC1 2013-11-20 32739855 BUILD STUDENT DORMITORY false false false C TULSA INDUSTRIAL AUTHORITY 731372018 2013-12-17 10000000 SEE PART VI false false false D TULSA INDUSTRIAL AUTHORITY 731372018 89965QBV9 2015-11-19 28859991 SEE PART VI false false false A 15165000 0 30323703 2753912 0 0 573058 0 0 8149287 18847446 0 2012 true false true true B 5075000 0 32739855 2206862 0 0 532993 0 0 30000000 0 0 2015 false false true true C 9285714 0 10000000 0 0 0 75685 0 0 9924315 0 0 2015 false false true true D 4010000 0 28859991 1899700 0 0 499667 0 0 0 26460624 0 2015 false true true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true true false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true GROUP 1, PART 1, ROW A, COLUMN (F) BUILDING AND REFUND PRIOR ISSUE 3/21/1996 GROUP 1, PART 1, ROW C, COLUMN (F) CAMPUS TECHNOLOGY AND INFRASTRUCTURE IMPROVEMENTS GROUP 1, PART I, ROW D, COLUMN (F) FUNDS TO REFUND A PRIOR ISSUE SERIES - 2006-7/28/2006 GROUP 1, PART IV, LINE 2C, COLUMN A DATE THE REBATE COMPUTATION WAS PERFORMED: 7/8/2020 GROUP 1 PART IV, LINE 2C, COLUMN B DATE THE REBATE COMPUTATION WAS PERFORMED: 7/8/2020 GROUP 1, PART IV, LINE 2C, COLUMN C DATE THE REBATE COMPUTATION WAS PERFORMED: 7/8/2020 GROUP 1, PART IV, LINE 2C, COLUMN D DATE THE REBATE COMPUTATION WAS PERFORMED: 7/8/2020 GROUP 2, PART I, ROW A, COLUMN (F) PROCEEDS FROM THE 2017 SERIES BOND WERE USED TO ADVANCE REFUND $27,715 IN AGGREGATE PRINCIPAL AMOUNT OF THE 2006 SERIES BONDS MATURING OCTOBER 1, 2018 THROUGH 2031. GROUP 2, PART IV, LINE 2C, COLUMN A DATE THE REBATE COMPUTATION WAS PERFORMED: 7/8/2020 GROUP 2, PART IV, LINE 2C, COLUMN B DATE THE REBATE COMPUTATION WAS PERFORMED: 7/8/2020 A TULSA INDUSTRIAL AUTHORITY 731372018 899676MW7 2017-12-28 21336301 SEE PART VI false false false B TULSA INDUSTRIAL AUTHORITY 731372018 2019-08-22 27155000 SEE PART VI false false false A 2285000 0 21336301 2064810 0 0 413521 0 0 0 18857970 0 2017 true false true true B 0 0 27155000 0 0 0 383601 0 0 0 26771399 0 2019 true false true true A false false false false 0 false false false true B false false true true false 0.03280 0.03280 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true A true B true X 59 2794858 MEAN MARKET PRICE X 52 9353 INVOICES X RENTAL SPACE 1 100336 DONOR LETTER X EQUIPMENT 203 56209 APPRAISAL,DONOR LTR X MISC. ITEMS 78 33018 INVOICES,DONOR LTR 2 false true false SCHEDULE M, PART I, COLUMN B THE AMOUNTS IN THIS COLUMN REPRESENT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART I, LINE 1 EXCELLENCE IN SCHOLARSHIP, DEDICATION TO FREE INQUIRY, INTEGRITY OF CHARACTER, AND COMMITMENT TO HUMANITY. THE UNIVERSITY ACHIEVES ITS MISSION BY EDUCATING MEN AND WOMEN OF DIVERSE BACKGROUNDS AND CULTURES. FORM 990, PART III, LINE 1 THE UNIVERSITY OF TULSA IS A PRIVATE, INDEPENDENT, DOCTORAL-DEGREE-GRANTING INSTITUTION WHOSE MISSION REFLECTS THESE CORE VALUES: EXCELLENCE IN SCHOLARSHIP, DEDICATION TO FREE INQUIRY, INTEGRITY OF CHARACTER AND COMMITMENT TO HUMANITY. THE UNIVERSITY ACHIEVES ITS MISSION BY EDUCATING MEN AND WOMEN OF DIVERSE BACKGROUNDS AND CULTURES. FORM 990, PART VI, SECTION A, LINE 2 ELLEN ADELSON HAS A FAMILY RELATIONSHIP WITH JAMES ADELSON. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATE CONTROLLER GATHERS THE FORM 990 INFORMATION AND PROVIDES IT TO AN INDEPENDENT CPA FIRM TO PREPARE AND REVIEW THE FORM 990. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FORM 990 IS THEN PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN THE ABSENCE OF FRAUD, NO CONTRACT OR OTHER TRANSACTION BETWEEN THE UNIVERSITY AND ANY OTHER CORPORATION, PARTNERSHIP, ENTITY OR PERSON (COLLECTIVELY CALLED PERSON), INCLUDING A TRUSTEE SHALL BE AFFECTED BY THE FACT THAT ONE OR MORE TRUSTEES OF THE UNIVERSITY ARE STOCKHOLDERS, PARTNERS, EMPLOYEES OR HAVE AN INTEREST IN SUCH PERSON. EACH TRUSTEE SHALL FORMALLY DISCLOSE TO THE PRESIDENT ANY INTEREST SUCH TRUSTEE HOLDS WHICH MAY GIVE RISE TO AN ACTUAL, APPARENT OR APPEARANCE OF CONFLICT OF INTEREST IN A TRANSACTION AFFECTING THE UNIVERSITY OR THE BOARD OF TRUSTEES, REGARDLESS OF WHETHER SUCH TRANSACTION IS SUBJECT TO APPROVAL BY THE BOARD OF TRUSTEES, AND SHALL ABSTAIN FROM ANY VOTE REGARDING ANY TRANSACTION INVOLVING SUCH ACTUAL OR APPARENT CONFLICT OF INTEREST. ONCE SUCH CONFLICT HAS BEEN FORMALLY DISCLOSED AND THE TRANSACTION APPROVED OR RATIFIED, WHETHER BY THE BOARD OF TRUSTEES OR BY OTHER APPROPRIATE PROCEDURE, NO TRUSTEE SHALL BE LIABLE TO ACCOUNT TO THE UNIVERSITY FOR ANY PROFIT REALIZED PERSONALLY FROM OR THROUGH ANY SUCH TRANSACTION OR CONTRACT OF THIS UNIVERSITY, SO RATIFIED OR APPROVED, BY REASON OF SUCH TRUSTEE'S INTEREST IN SUCH TRANSACTION OR CONTRACT. TRUSTEES SO INTERESTED MAY BE COUNTED WHEN PRESENT AT MEETINGS OF THE BOARD OF TRUSTEES OR OF SUCH COMMITTEE FOR THE PURPOSE OF DETERMINING THE EXISTENCE OF A QUORUM. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR THE HUMAN RESOURCE DEPARTMENT OF THE UNIVERSITY COMPLETES A COMPENSATION SURVEY PROJECT. INFORMATION IS GATHERED FROM THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA. THIS COVERS DOCTORAL INSTITUTIONS AND THE UNIVERSITY'S PEER GROUP. OTHER NOTABLE SURVEYS USED BY THE UNIVERSITY ARE THE HEIT IT SURVEY FOR COLLEGES/UNIVERSITIES AND THE NCAA DIVISION I ATHLETIC SURVEY ALONG WITH VARIOUS STATE AND LOCAL SURVEYS. THIS INFORMATION IS PRESENTED ANNUALLY TO THE ADMINISTRATION. THE COMPENSATION COMMITTEE DETERMINES COMPENSATION FOR THE PRESIDENT AND PROVIDES RECOMMENDATION FOR APPROVAL TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION FOR THE PRESIDENT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY PROVIDES THE FINANCIAL STATEMENTS OF THE UNIVERSITY OF TULSA ON THE UNIVERSITY'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 ENDOWMENT DISTRIBUTIONS OF REALIZED GAINS $ 25,667,758 ADJUSTMENT FOR UNRECOGNIZED POSTRETIREMENT COSTS ($ 2,144,978) INCOME FROM INVESTMENT K-1S ($ 554,283) ------------- TOTAL $ 22,968,497 FORM 990, PART XII, LINE 2 ON JULY 1, 2008, THE UNIVERSITY OF TULSA CONTRACTED WITH THE CITY OF TULSA TO MANAGE THE GILCREASE MUSEUM. THE GILCREASE MUSEUM MANAGEMENT TRUST WAS FORMED, APPLIED FOR AND WAS ACCEPTED AS AN EXEMPT 501(C)(3) ORGANIZATION BY THE INTERNAL REVENUE SERVICE ON 2/12/2008. THE UNIVERSITY OF TULSA REPORTS ITS FINANCIAL STATEMENTS ON A CONSOLIDATED BASIS THAT INCLUDES THE GILCREASE MUSEUM MANAGEMENT TRUST'S ACTIVITIES AS REQUIRED BY ACCOUNTING SERIES CODIFICATION 958-810-25. FOR IRS COMPLIANCE PURPOSES, THE UNIVERSITY OF TULSA'S FINANCIAL INFORMATION REPORTED ON FORM 990 DOES NOT INCLUDE THE GILCREASE MUSEUM MANAGEMENT TRUST'S FINANCIAL INFORMATION. THE GILCREASE MUSEUM MANAGEMENT TRUST FILES FORM 990 SEPARATELY FROM THE UNIVERSITY OF TULSA. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES IS CHARGED WITH THE FOLLOWING DUTIES: 1. RECOMMEND HIRING INDEPENDENT AUDITORS, COUNSEL, OR OTHER CONSULTANTS AS NECESSARY. 2. REVIEW WITH MANAGEMENT THE POLICIES AND PROCEDURES WITH RESPECT TO OFFICERS, KEY EMPLOYEES, DISQUALIFIED PERSONS, EXPENSES ACCOUNTS, AND PERKS, INCLUDING EXCESS BENEFIT TRANSACTIONS. 3. INQUIRE OF MANAGEMENT, THE INDEPENDENT AUDITORS AND CHIEF FINANCIAL OFFICER ABOUT SIGNIFICANT RISKS OR EXPOSURES FACING THE ORGANIZATION; ASSESS THE STEPS MANAGEMENT HAS TAKEN OR PROPOSES TO TAKE TO MINIMIZE SUCH RISKS TO THE UNIVERSITY AND PERIODICALLY CONDUCT REVIEWS. 4. REVIEW WITH INDEPENDENT AUDITORS AND CHIEF FINANCIAL OFFICER THE ADEQUACY OF THE ORGANIZATION'S INTERNAL CONTROLS. 5. REVIEW WITH INDEPENDENT AUDITOR THE ANNUAL AUDIT OF THE UNIVERSITY AND ALL CRITICAL ACCOUNTING POLICIES AND PRACTICES USED BY THE UNIVERSITY. 6. REVIEW MATERIAL WRITTEN COMMUNICATIONS BETWEEN THE INDEPENDENT AUDITORS AND MANAGEMENT. 7. REVIEW WITH MANAGEMENT AND INDEPENDENT AUDITORS: A. THE UNIVERSITY'S ANNUAL FINANCIAL STATEMENTS AND RELATED FOOTNOTES. B. THE INDEPENDENT AUDITORS' AUDIT OF FINANCIAL STATEMENTS AND THEIR REPORT. C. ANY SIGNIFICANT CHANGES REQUIRED IN THE INDEPENDENT AUDITORS' AUDIT PLAN. D. THE UNIVERSITY'S FILING OF THE IRS FORM 990. 8. PERIODICALLY REVIEW THE ORGANIZATION'S CODE OF CONDUCT/ETHICS TO ENSURE THAT IT IS ADEQUATE AND UP-TO-DATE. 9. REVIEW PROCEDURES FOR THE CONFIDENTIAL, ANONYMOUS SUBMISSION BY EMPLOYEES REGARDING QUESTIONABLE ACCOUNTING OR AUDITING MATTERS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART IV, LINE 27 THE UNIVERSITY OF TULSA PROVIDES ACADEMIC SCHOLARSHIPS BASED ON THE APPLICANT'S MERITS. NO DISTINGUISHMENT IS MADE FOR APPLICANTS THAT HAVE AN EMPLOYMENT RELATIONSHIP WITH THE UNIVERSITY OR A FAMILY RELATIONSHIP WITH ITS EMPLOYEES, OFFICERS, DIRECTORS OR TRUSTEES OF THE UNIVERSITY. THE GILCREASE MANAGEMENT TRUST 800 S TUCKER DRIVE TULSA OK 74104 262205415 MANAGEMENT OK 501(C)(3) 7 UNIV TULSA true CHARITABLE REMAINDER TRUST (3) CHARITABLE TRUST OK UNIV OF TULSA true false false false false false false false false false false false true true true true false false false false THE GILCREASE MUSEUM MANAGEM 800 SOUTH TUCKER DRIVE TULSA OK 74104 262205415 0 0 0 6548777 6548777 477439 119360 0 0 0