2020-04-14T11:14:57-05:00 2019-05-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2018-06-01 730579264 Oklahoma Baptist University OKLA 4052752850 500 W University Box 61207 Shawnee OK 74804 Randy Smith Exec VP of Bus. & Admin Svcs 4052752850 2020-04-14 1 Ted R Batson Jr P00721951 7195286225 139.146.132.42 2020-04-14 12:14:46 ED P 253064A6A1CF5051562423FA95A701CCBD577FF1 EEEC1770470EBEEDEC9A52D4293FC3DE0E4CD0A0 2018 2021-01-29 14:40:06Z Dr Heath Thomas 500 W University Box 61207 Shawnee OK 74804 91049872 0 X www.okbu.edu X 1910 OK A Christian Liberal Arts University 31 31 1318 59 0 0 8229282 9754324 63841797 62924663 5856653 6665998 914326 457164 78842058 79802149 30365396 28881980 0 0 25593408 26703336 0 94958 1676047 20815660 20249169 76774464 75929443 2067594 3872706 236085044 234851359 37439087 35710517 198645957 199140842 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 47542473 28881980 45607793 Academic Instruction - Oklahoma Baptist University offers 10 bachelor's degrees, one associate's degree and four graduate degrees. There are 88 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. 10456812 6021474 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. 7913138 9682806 Auxiliary Enterprises- Oklahoma Baptist University operates residential facilities for approximately 1,300 of the University's approximately 2,000 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. 485796 1612590 Institutional support for all services provided to approximately 2,000 students. 485796 1612590 66398219 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 2692 0 1 1318 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 31 31 0 0 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 Steve Allen 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 Scott Neighbors Treasurer 0.50 X X 0 0 0 Eddie Lakey Trustee 0.50 X 0 0 0 Lee Witt Trustee 0.50 X 0 0 0 Jason Yarborough Trustee 0.50 X 0 0 0 Ron Reiser Trustee 0.50 X 0 0 0 Andy Finch Trustee 0.50 X 0 0 0 Lance Ford Trustee 0.50 X 0 0 0 LaVerne Dowding 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 Jeff Moore 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 Owen Nease 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 Ingrid Jackson Trustee 0.50 X 0 0 0 John Lee Trustee 0.50 X 0 0 0 Sheri Wagner 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 Joe Potter Trustee 0.50 X 0 0 0 AJ Tiger Trustee 0.50 X 0 0 0 David W Whitlock part year President 50.00 X 183822 0 102039 Randy L Smith CFO/EVP Bus. & Admin Svcs 50.00 X 152820 0 54182 Dr C Pat Taylor Interim President 50.00 X 0 0 0 William Smallwood Sr VP Advancement 50.00 X 130802 0 21240 Susan DeWoody Provost 50.00 X 126362 0 18789 David Houghton Dean, College of Business 50.00 X 114823 0 23594 Richard Rudebock Professor of Business 50.00 X 100603 0 14396 Lepaine McHenry Dean, College of Nursing 50.00 X 126407 0 19865 935639 0 254105 7 0 1 0 Chartwells 500 W University Shawnee OK 74804 Food/Catering Svcs 3182600 Tree of Life Bookstore Inc 1500 S Western Ave Marion IN 46953 Bookstore Contractor 1187518 Aramark Facilities 500 W University PO Box 61737 Shawnee OK 74804 Custodial Services 972693 Lingo Construction Services 123 NW 8th Street Oklahoma City OK 73102 Construction Contractor 542999 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Consulting Services 502845 19 83102 4716381 273246 4681595 132357 9754324 Tuition 900099 45607793 45607793 Auxiliary-Hsng/Meals 721310 9682806 9682806 Fees 900099 6021474 6021474 Misc Educational Svcs 900099 1378121 1378121 Other Income 900099 234469 234469 62924663 6663225 6663225 555727 555727 24755 563 24192 24192 24192 11109301 11106528 2773 2773 2773 17877 83102 140632 -122755 -122755 79802149 62924663 0 7123162 28881980 28881980 909141 559717 349424 71767 33734 38033 19043897 16008299 2350075 685523 1198977 1028145 136369 34463 4079518 1776757 2207293 95468 1400036 1143461 209770 46805 41786 41786 91548 91548 94958 94958 25510 25510 601207 524182 62943 14082 683445 315515 365533 2397 1870941 1554888 238393 77660 861709 349512 412595 99602 2826070 2782024 31131 12915 1998214 1869334 90872 38008 704000 467334 182782 53884 1030174 1020964 8926 284 4037333 3987114 30083 20136 683810 683810 Food service 2995230 2995230 Bad debt 533230 533230 Equipment lease 502346 351949 148453 1944 762616 623987 90135 48494 75929443 66398219 7855177 1676047 X 10127 176000 1919539 1561051 3055003 2598682 1731 5437 771562 779059 153594951 61565000 94242712 92029951 1141156 1150145 7672263 10441082 1192263 1059665 126078688 125050287 236085044 234851359 1356995 1790492 3069623 2825960 28324365 26113648 4688104 4980417 37439087 35710517 X 70081940 69379310 0 128564017 129761532 198645957 199140842 236085044 234851359 X 3872706 -2293836 -1083985 X X 0 1 X 1 1 1 X 9474733 8604440 9006202 8229282 9754324 45068981 9474733 8604440 9006202 8229282 9754324 45068981 45068981 6285177 5686223 5219166 6461194 7243707 30895467 107880 2173594 497153 403513 17877 3200017 79164465 297867105 0.56930 0.58170 X Schedule A, Part II, Line 10, Explanation of Other Income: Gross Fundraising Event Fees - 2014 Amount: $ 107,880. 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 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 117482989 864061 7595516 2559824 270572 1333208 121778962 0.05310 0.94690 1 1 1 4660080 4660080 112123073 33748483 78374590 28604957 22980648 5624309 8206841 4835869 3370972 92029951 Trusts administered by Southern Bapt Fdn 201921 Trusts administered by Presbyterian Fdn 15847 Zoll Trust 796741 Toland Trust 1851234 Trusts administered by OK City Comm Fdn 748831 Funds held in trust-Baptist Fdn of OK 121435713 125050287 Government advances refundable 689625 Asset retirement obligation 1062792 Post-retirement benefits obligation 3228000 4980417 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. 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 5/31/2019. 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 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. Central America and the Caribbean 0 0 Program Services Student Trips 37577 East Asia and the Pacific 0 0 Program Services Student Trips 29074 Europe (Including Iceland & Greenland) 0 0 Program Services Student Trips 160363 Middle East and North Africa 0 0 Program Services Student Trips 12995 Russia and Neighboring States 0 0 Program Services Student Trips 54870 South America 0 0 Program Services Student Trips 51793 North America 0 0 Program Services Student Trips 8336 Sub-Saharan Africa 0 0 Program Services Student Trips 48322 South Asia 0 0 Program Services Student Trips 28205 0 0 0 0 0 0 403330 28205 431535 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. X X 1 Royall & Company PO Box 603519 Charlotte NC 28260 Consultant 0 153259 94958 58301 153259 94958 58301 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 Green & Gold Gala 100979 83102 17877 39911 33857 40500 26364 100979 83102 17877 39911 33857 40500 26364 140632 -122755 1 Scholarships 1920 28881980 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. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 David W Whitlock part year President 181288 0 0 0 2534 0 38267 0 64852 0 286941 0 0 0 Randy L Smith CFO/EVP Bus. & Admin Svcs 151206 0 0 0 1614 0 11925 0 43170 0 207915 0 0 0 William Smallwood Sr VP Advancement 128735 0 0 0 2067 0 10108 0 11988 0 152898 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. Joshua C Whitlock Family member of David W. Whitlock, President 38033 W-2 Employee 0 Michelle Whitlock Family member of David W. Whitlock, President 33734 W-2 Employee 0 X 2 10615 Appraised market value X 6 121742 Public exchange 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 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 X, Lines 27-29: 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 5/31/2019. The 2018 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, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $69,379,310 Line 29 - Net assets with donor restrictions 129,761,532 Total net assets $199,140,842 Form 990, Part XI, line 9: Change in value of investments held by supporting organization -1,116,402. Change in value of beneficial interests in funds held by others 32,417. MacK Holdings LLC 500 W University St Shawnee OK 74804 823233383 Manage retail leasing operations OK 10321 -16237 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 0 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 -124551 141971 0 1 0.50000 Charitable remainder annuity trusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 0 Charitable remainder unitrusts (7) Hold assets and remit income to University OK Oklahoma Baptist University T 0 Charitable remainder trusts (4) Hold assets and remit income to University OK Oklahoma Baptist University T 0 Irrevocable personal trusts (1) Hold assets and remit income to University OK Oklahoma Baptist University T 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Tulsa Royalties Company C Baptist General Convention of Oklahoma C Baptist Foundation of Oklahoma M