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Nonprofiteer
← SOUTHERN NAZARENE UNIVERSITY

Form 990 for tax year 2023

Filed by SOUTHERN NAZARENE UNIVERSITY.

Totals

Total revenue
$64,866,082
Total expenses
$71,635,148
Contributions and grants received
$8,784,216
Grants paid
$16,661,249
Program service revenue
$55,369,841
Investment income
-$159,391
Other revenue
$871,416
Total assets, end of year
$114,285,569
Total liabilities, end of year
$53,568,222
Net assets or fund balances, end of year
$60,717,347
Program services expenses (Part IX)
$55,340,544
Management and general expenses
$15,336,670
Fundraising expenses
$957,934
Program service expenses (Part III)
$55,340,544

Program services were 77.3% 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.

  • 1c · Fundraising events

    $123,686

  • 1d · Related organizations

    $2,379,164

  • 1e · Government grants (contributions)

    $1,295,247

  • 1f · All other contributions, gifts and grants

    $4,986,119

  • 1g · Noncash contributions included above

    $715,063

  • 2a · Program service revenue: STUDENT TUITION AND FEES

    total $39,090,342 · related or exempt $39,090,342

  • 2b · Program service revenue: AUXILLARY SERVICE

    total $14,689,646 · related or exempt $14,689,646

  • 2c · Program service revenue: SALES/SERVICE EDUCATION

    total $1,354,182 · related or exempt $1,354,182

  • 2d · Program service revenue: ATHLETIC GATE RECEIPTS

    total $217,834 · related or exempt $217,834

  • 2e · Program service revenue: STUDENT HEALTH

    total $17,837 · related or exempt $17,837

  • 3 · Investment income

    total $106,005 · excluded $106,005

  • 6a · Gross rents

    real property $442,724

  • 6b · Less rental expenses

    real property $157,655

  • 6c · Rental income or loss

    real property $285,069

  • 6d · Net rental income or loss

    total $285,069 · excluded $285,069

  • 7a · Gross sales of assets other than inventory

    securities $5,622,512 · other assets $8,500

  • 7b · Less cost or other basis and sales expenses

    securities $5,884,860 · other assets $11,548

  • 7c · Gain or loss

    securities -$262,348 · other assets -$3,048

  • 7d · Net gain or loss

    total -$265,396 · excluded -$265,396

  • 8a · Fundraising events: gross income

    $149,862

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

    $123,686

  • 8b · Fundraising events: direct expenses

    $193,891

  • 8c · Net income from fundraising events

    total -$44,029 · excluded -$44,029

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $630,376 · related or exempt $603,905 · unrelated business $26,471

  • 11e · Other revenue, total

    $630,376

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,661,249 · program services $16,661,249

  • 5 · Compensation of officers, directors and key employees

    total $400,401 · program services $323,800 · management and general $70,139 · fundraising $6,462

  • 7 · Other salaries and wages

    total $18,244,699 · program services $14,704,740 · management and general $3,195,980 · fundraising $343,979

  • 8 · Pension plan contributions

    total $795,988 · program services $761,673 · management and general $17,247 · fundraising $17,068

  • 9 · Other employee benefits

    total $3,309,586 · program services $3,166,910 · management and general $71,711 · fundraising $70,965

  • 10 · Payroll taxes

    total $1,324,959 · program services $1,267,840 · management and general $28,709 · fundraising $28,410

  • 11b · Fees: legal

    total $93,005 · program services $65,037 · management and general $27,968

  • 11c · Fees: accounting

    total $84,095 · program services $84,095

  • 11f · Fees: investment management

    total $35,868 · management and general $35,868

  • 11g · Fees: other

    total $4,202,956 · program services $2,161,964 · management and general $1,864,823 · fundraising $176,169

  • 12 · Advertising and promotion

    total $1,144,935 · program services $1,144,935

  • 13 · Office expenses

    total $4,077,307 · program services $3,406,277 · management and general $365,472 · fundraising $305,558

  • 14 · Information technology

    total $41,033 · program services $41,033

  • 16 · Occupancy

    total $1,740,665 · program services $618,852 · management and general $1,121,813

  • 17 · Travel

    total $1,150,353 · program services $1,122,427 · management and general $25,274 · fundraising $2,652

  • 19 · Conferences, conventions and meetings

    total $328,995 · program services $245,505 · management and general $80,940 · fundraising $2,550

  • 20 · Interest

    total $2,569,387 · program services $935,738 · management and general $1,633,649

  • 22 · Depreciation, depletion and amortization

    total $3,397,781 · program services $1,847,371 · management and general $1,550,410

  • 23 · Insurance

    total $957,438 · program services $3,240 · management and general $954,198

  • 24a · Other expenses: INSTITUTIONAL SUPPORT

    total $6,379,739 · program services $6,379,739

  • 24b · Other expenses: FOOD SERVICE

    total $3,093,536 · program services $91,682 · management and general $2,997,733 · fundraising $4,121

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $262,977 · program services $8,516 · management and general $254,461

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $92,406 · program services $92,406

  • 24e · All other expenses

    total $1,245,790 · program services $205,515 · management and general $1,040,275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,803,331 · end of year $3,612,055

  • 2 · Savings and temporary cash investments

    beginning of year $3,011,615 · end of year $17,216

  • 3 · Pledges and grants receivable

    beginning of year $120,918 · end of year $163,134

  • 4 · Accounts receivable

    beginning of year $850,924 · end of year $685,620

  • 9 · Prepaid expenses and deferred charges

    beginning of year $336,764 · end of year $991,687

  • 10a · Land, buildings and equipment: cost or other basis

    $147,038,289

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,448,473

  • 10c · Land, buildings and equipment, net

    beginning of year $79,717,908 · end of year $81,589,816

  • 11 · Investments: publicly traded securities

    beginning of year $23,469,747 · end of year $26,722,194

  • 13 · Investments: program-related

    beginning of year $745,109 · end of year $457,057

  • 15 · Other assets

    beginning of year $535,271 · end of year $46,790

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,253,137 · end of year $3,617,758

  • 19 · Deferred revenue

    beginning of year $1,029,527 · end of year $3,600,635

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,081,395 · end of year $9,619,394

  • 23 · Secured mortgages and notes payable

    beginning of year $30,039,406 · end of year $31,820,439

  • 25 · Other liabilities

    beginning of year $4,806,369 · end of year $4,909,996

  • 27 · Net assets without donor restrictions

    beginning of year $39,196,603 · end of year $33,739,181

  • 28 · Net assets with donor restrictions

    beginning of year $24,185,150 · end of year $26,978,166

Mission and programs · 2023

Mission

TO MAKE CHRISTLIKE DISCIPLES THROUGH HIGHER EDUCATION IN CHRIST-CENTERED COMMUNITY

  • SOUTHERN NAZARENE UNIVERSITY IS A PRIVATE, CHRISTIAN, FULLY ACCREDITED LIBERAL ARTS UNIVERSITY OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS 4 ASSOCIATE PROGRAMS, 51 BACCALAUREATE PROGRAMS, 13 MASTERS PROGRAMS, AND 1 DOCTORAL PROGRAM. DURING THE PAST FISCAL YEAR, 2,601 STUDENTS WERE SERVED WITH 588 STUDENTS EARNING DEGREES.

    Expenses $55,340,544 · Grants $16,661,249 · Revenue $55,973,746

As filed on the 2023 return.

Listed in Part VII

  • Dr Keith Newman

    UNIVERSITY PRESIDENT

    Total calculated
    $289,387
    From this org
    $219,621
    From related orgs
    $0
    Other
    $69,766
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $219,621
    Bonus
    $0
    Other
    $0
    Deferred
    $12,152
    Nontaxable benefits
    $57,614
    Filer's total
    $289,387
  • Ryan Amey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Heidi Babin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Bond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Josie Busby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Curtis Clements

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin Cornelius

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Craig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Crouch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tabitha Danley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kristen Donovan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Downs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jr Emrich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chuck Fountain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Franklin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Frees

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Beverly Gentry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cb Glidden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rick Harvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Denia Herrera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Jankowski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paula Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sandy Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Donna Kyzer-Rice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Lancaster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Myrna Latham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Lindstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kenny Marchant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ron Marchant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrew Marston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Travis Medlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David McKellips

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Toni Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sidney Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brad Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Anne Murray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Keith Pardue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Karl Payton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Pigg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Ramsey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt Rice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Philip Rustin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hunter Thrasher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Thornton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ernest Trevino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Keven Wentworth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian Wiesinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Whitsett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Gary Cummings

    VP FOR BUSINESS AND FINANCE

    Total calculated
    $47,898
    From this org
    $38,023
    From related orgs
    $0
    Other
    $9,875
    Hours/week
    40 + 1 related
  • Dr Mark Winslow

    SENIOR VP AND CHIEF ACADEMIC OFFICER

    Total calculated
    $125,587
    From this org
    $111,134
    From related orgs
    $0
    Other
    $14,453
    Hours/week
    40
  • Dr Mike Redwine

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $131,899
    From this org
    $107,923
    From related orgs
    $0
    Other
    $23,976
    Hours/week
    40

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

  • 1a · Housing allowance or residence for personal use
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1B
HOUSING ALLOWANCE IS PROVIDED TO INDIVIDUALS WHO ARE ORDAINED.

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOUTHERN PLAZA RETIREMENT COMMUNITY

    RETIREMENT · OK · income $8,954,487 · assets $29,456,298

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202501299349300125

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