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Nonprofiteer
← O R U GOLDEN EAGLE CLUB INC

Form 990 for tax year 2023

Filed by O R U GOLDEN EAGLE CLUB INC.

Totals

Total revenue
$4,246,522
Total expenses
$2,924,624
Contributions and grants received
$3,987,936
Grants paid
$1,554,500
Program service revenue
$30,325
Investment income
$158,923
Other revenue
$69,338
Total assets, end of year
$4,759,111
Total liabilities, end of year
$3,250
Net assets or fund balances, end of year
$4,755,861
Program services expenses (Part IX)
$2,513,110
Management and general expenses
$223,846
Fundraising expenses
$187,668
Program service expenses (Part III)
$2,513,110

Program services were 85.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $202,130

  • 1c · Fundraising events

    $218,643

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $3,567,163

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Member Dues & Assessments

    total $25,575 · related or exempt $25,575 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Baseball Tickets

    total $4,750 · related or exempt $4,750 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $158,923 · related or exempt $0 · unrelated business $0 · excluded $158,923

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $136,446

  • 8a · Fundraising events: contributions included on line 1c

    $218,643

  • 8b · Fundraising events: direct expenses

    $67,227

  • 8c · Net income from fundraising events

    total $69,219 · unrelated business $0 · excluded $69,219

  • 11a · Other revenue: Miscellaneous Income

    total $119 · related or exempt $119 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $119

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,554,500 · program services $1,554,500

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $25,575 · program services $25,575

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $17,686 · program services $0 · management and general $17,686 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $25,000 · program services $25,000 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $33,033 · program services $0 · management and general $32,420 · fundraising $613

  • 14 · Information technology

    total $13,423 · program services $0 · management and general $13,423 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $5,064 · program services $0 · management and general $0 · fundraising $5,064

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,308 · program services $0 · management and general $0 · fundraising $2,308

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $463,414 · program services $171,822 · management and general $158,614 · fundraising $132,978

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Sports Programs

    total $595,876 · program services $595,876 · management and general $0 · fundraising $0

  • 24b · Other expenses: NCAA Tickets

    total $87,064 · program services $87,064 · management and general $0 · fundraising $0

  • 24c · Other expenses: Meals & Entertainment

    total $60,183 · program services $14,316 · management and general $0 · fundraising $45,867

  • 24d · Other expenses: Athletes Uniforms

    total $21,256 · program services $21,256 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $20,242 · program services $17,701 · management and general $1,703 · fundraising $838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,202,046 · end of year $4,545,323

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $13,206

  • 11 · Investments: publicly traded securities

    beginning of year $190,161 · end of year $200,582

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,350 · end of year $3,250

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $588,748 · end of year $2,675,048

  • 28 · Net assets with donor restrictions

    beginning of year $2,798,109 · end of year $2,080,813

Mission and programs · 2023

Mission

Support for Oral Roberts University athletic department.

Activities or mission (Part I)

Support for Oral Roberts University athletic department

  • Athletic projects including construction and renovation of ORU athletic facilities, athletic equipment purchases, and other athletic program expenses.

    Expenses $1,598,167 · Grants $805,469

  • Golden Eagle Scholarship Fund

    Expenses $749,031 · Grants $749,031

  • Tickets to attend and support ORU athletic events

    Expenses $87,064 · Revenue $4,750

  • Provision of meals and refreshments for member events, Provision of letter jackets for ORU Athletes, Banquet Awards for ORU Athletes, Community Support

    Expenses $78,848 · Revenue $25,694

As filed on the 2023 return.

Listed in Part VII

  • Tim Johnson

    Athletic Director

    Total calculated
    $237,402
    From this org
    $0
    From related orgs
    $205,689
    Other
    $31,713
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,838 related
    Bonus
    $0 + $17,029 related
    Other
    $0 + $11,822 related
    Deferred
    $0 + $5,881 related
    Nontaxable benefits
    $0 + $25,832 related
    Filer's total
    $0 + $237,402 related

  • Mike Carter

    Athletic Director Emeritus

    Total calculated
    $208,433
    From this org
    $0
    From related orgs
    $175,761
    Other
    $32,672
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,655 related
    Bonus
    $0 + $2,029 related
    Other
    $0 + $7,077 related
    Deferred
    $0 + $5,700 related
    Nontaxable benefits
    $0 + $26,972 related
    Filer's total
    $0 + $208,433 related

  • Mike Martinovich

    Executive Director

    Total calculated
    $40,161
    From this org
    $0
    From related orgs
    $35,835
    Other
    $4,326
    Hours/week
    40

  • Tom Shaughnessy

    President

    Total calculated
    $0
    Hours/week
    1

  • Rob Sellers

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • John Harper

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terry Blain

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Broughton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Crouch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tony Espino

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Frable

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Hairston

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steven Jones

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bob Morgenthaler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dutch Rojas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rob Thompson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Curtis Branch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Evan Falat

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mikey Manghum

    Director

    Total calculated
    $0
    Hours/week
    1

  • Noah Parris

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 March 2025
IRS schema version
2023v6.0
Source object
202510769349300906

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