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Nonprofiteer
← ORAL ROBERTS UNIVERSITY

Form 990 for tax year 2024

Filed by ORAL ROBERTS UNIVERSITY.

Totals

Total revenue
$197,522,074
Total expenses
$181,375,902
Contributions and grants received
$44,177,984
Grants paid
$62,081,042
Program service revenue
$145,981,424
Investment income
$4,772,841
Other revenue
$2,589,825
Total assets, end of year
$323,284,393
Total liabilities, end of year
$34,407,525
Net assets or fund balances, end of year
$288,876,868
Program services expenses (Part IX)
$154,343,564
Management and general expenses
$24,688,360
Fundraising expenses
$2,343,978
Program service expenses (Part III)
$154,343,564

Program services were 85.1% 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

    $168,294

  • 1d · Related organizations

    $2,733,736

  • 1e · Government grants (contributions)

    $1,189,349

  • 1f · All other contributions, gifts and grants

    $40,086,605

  • 1g · Noncash contributions included above

    $277,430

  • 2a · Program service revenue: TUITION

    total $106,918,614 · related or exempt $106,918,614

  • 2b · Program service revenue: AUXILARY SERVICES

    total $27,762,757 · related or exempt $26,235,928 · unrelated business $1,526,829

  • 2c · Program service revenue: FEES

    total $7,361,695 · related or exempt $7,361,695

  • 2d · Program service revenue: GEB AMERICA TV AIRTIME

    total $3,462,621 · related or exempt $3,462,621

  • 2f · All other program service revenue

    total $475,737 · related or exempt $475,737

  • 3 · Investment income

    total $5,008,864 · excluded $5,008,864

  • 5 · Royalties

    total $371,058 · excluded $371,058

  • 6a · Gross rents

    real property $13,655,259 · personal property $66,589

  • 6b · Less rental expenses

    real property $11,901,904 · personal property $8,884

  • 6c · Rental income or loss

    real property $1,753,355 · personal property $57,705

  • 6d · Net rental income or loss

    total $1,811,060 · unrelated business $67,361 · excluded $1,743,699

  • 7a · Gross sales of assets other than inventory

    securities $2,064,381 · other assets $50,900

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

    securities $1,835,962 · other assets $515,342

  • 7c · Gain or loss

    securities $228,419 · other assets -$464,442

  • 7d · Net gain or loss

    total -$236,023 · excluded -$236,023

  • 8a · Fundraising events: gross income

    $24,850

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

    $168,294

  • 8b · Fundraising events: direct expenses

    $93,411

  • 8c · Net income from fundraising events

    total -$68,561 · excluded -$68,561

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $476,268 · related or exempt $476,268

  • 11e · Other revenue, total

    $476,268

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,395 · program services $175,395

  • 2 · Grants to domestic individuals

    total $56,390,598 · program services $56,390,598

  • 3 · Grants to foreign organizations and individuals

    total $5,515,049 · program services $5,515,049

  • 5 · Compensation of officers, directors and key employees

    total $2,132,804 · program services $913,578 · management and general $1,219,226

  • 6 · Compensation of disqualified persons

    total $633,959 · program services $284,286 · management and general $349,673

  • 7 · Other salaries and wages

    total $43,276,265 · program services $34,252,860 · management and general $7,993,573 · fundraising $1,029,832

  • 8 · Pension plan contributions

    total $524,204 · program services $437,042 · management and general $68,944 · fundraising $18,218

  • 9 · Other employee benefits

    total $6,263,476 · program services $5,753,337 · management and general $427,853 · fundraising $82,286

  • 10 · Payroll taxes

    total $3,057,924 · program services $2,394,334 · management and general $589,462 · fundraising $74,128

  • 11b · Fees: legal

    total $537,503 · program services $17,075 · management and general $520,428

  • 11c · Fees: accounting

    total $184,017 · management and general $184,017

  • 11f · Fees: investment management

    total $90,007 · management and general $90,007

  • 11g · Fees: other

    total $14,674,722 · program services $3,713,191 · management and general $10,879,018 · fundraising $82,513

  • 12 · Advertising and promotion

    total $2,257,340 · program services $2,175,975 · management and general $47,932 · fundraising $33,433

  • 13 · Office expenses

    total $8,288,815 · program services $4,515,254 · management and general $3,678,855 · fundraising $94,706

  • 14 · Information technology

    total $5,374,492 · program services $1,306,376 · management and general $3,934,932 · fundraising $133,184

  • 16 · Occupancy

    total $4,604,169 · management and general $4,604,169

  • 17 · Travel

    total $4,339,409 · program services $3,806,847 · management and general $490,258 · fundraising $42,304

  • 19 · Conferences, conventions and meetings

    total $928,824 · program services $564,804 · management and general $123,538 · fundraising $240,482

  • 20 · Interest

    total $84,455 · management and general $84,455

  • 21 · Payments to affiliates

    total $50,364 · management and general $50,364

  • 22 · Depreciation, depletion and amortization

    total $9,385,551 · program services $2,987,670 · management and general $6,345,070 · fundraising $52,811

  • 23 · Insurance

    total $851,362 · program services $212,169 · management and general $639,193

  • 24a · Other expenses: COST OF FOOD SALES

    total $6,783,485 · program services $6,783,485

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $3,578,154 · program services $2,889,328 · management and general $688,826

  • 24c · Other expenses: STUDENT AID PROGRAM COS

    total $1,068,138 · program services $1,068,138

  • 24d · Other expenses: MEMBERSHIPS

    total $245,056 · program services $150,294 · management and general $92,174 · fundraising $2,588

  • 24e · All other expenses

    total $80,365 · program services $18,036,479 · management and general -$18,413,607 · fundraising $457,493

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,748,046 · end of year $427,591

  • 2 · Savings and temporary cash investments

    beginning of year $66,226,660 · end of year $98,065,861

  • 3 · Pledges and grants receivable

    beginning of year $8,233,640 · end of year $4,074,239

  • 4 · Accounts receivable

    beginning of year $1,926,839 · end of year $2,145,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,570,626 · end of year $3,611,545

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

    $504,608,498

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

    $323,447,579

  • 10c · Land, buildings and equipment, net

    beginning of year $170,060,852 · end of year $181,160,919

  • 11 · Investments: publicly traded securities

    beginning of year $33,430,915 · end of year $19,469,306

  • 13 · Investments: program-related

    beginning of year $9,426,468 · end of year $7,944,231

  • 15 · Other assets

    beginning of year $6,493,600 · end of year $6,385,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,681,961 · end of year $25,138,495

  • 19 · Deferred revenue

    beginning of year $2,522,562 · end of year $3,276,441

  • 21 · Escrow or custodial account liability

    beginning of year $36,524 · end of year $55,809

  • 25 · Other liabilities

    beginning of year $7,777,717 · end of year $5,936,780

  • 27 · Net assets without donor restrictions

    beginning of year $112,083,273 · end of year $152,400,049

  • 28 · Net assets with donor restrictions

    beginning of year $160,015,609 · end of year $136,476,819

Mission and programs · 2024

Mission

TO DEVELOP HOLY SPIRIT-EMPOWERED LEADERS THROUGH WHOLE PERSON EDUCATION TO IMPACT THE WORLD.

Activities or mission (Part I)

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.

  • INSTRUCTION AND ACADEMIC SUPPORT - INSTRUCT AND PROVIDE ACADEMIC SUPPORT TO OVER 5,900 STUDENTS.STUDENT SERVICES, SCHOLARSHIPS, AND GRANTS - EASE THE ADMINISTRATIVE AND FINANCIAL BURDEN OF STUDENTS' EDUCATION.

    Expenses $114,370,516 · Grants $56,463,203 · Revenue $114,755,083

  • AUXILIARY ENTERPRISES - COSTS INCURRED TO PROVIDE ROOM AND BOARD AND OTHER AUXILIARY SERVICES TO THE STUDENT RESIDENT POPULATION.

    Expenses $25,753,057 · Revenue $26,712,195

  • PUBLIC SERVICE - COSTS INCURRED TO FACILITATE WEEKLY COMMUNITY OUTREACH, ANNUAL DOMESTIC AND INTERNATIONAL MISSION TRIPS, AND OTHER PUBLIC SERVICE OPPORTUNITIES.

    Expenses $10,439,283 · Grants $5,617,839 · Revenue $964

  • 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.RESEARCH - COSTS INCURRED TO CONDUCT BIOMEDICAL, ACADEMIC, AND OTHER RELATED RESEARCH.

    Expenses $3,780,708 · Revenue $3,462,621

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HOLLY MOORE

    FORMER BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • JOE DOBBINS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • STERLING BRACKETT

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • LADONNA OSBORN

    FORMER SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • RICHIE HUGHES

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • BROOKE ASIATICO

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • PHYLLIS ALLEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • GARY BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • RHEA BUCKLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • CASSIE BYRAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • VICTOR CARDENAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • KATHLEEN COOKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • GARY CROUCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.75 + 1 related

  • REGGIE DABBS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID DANIELS III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • BRUCE DEEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • RUSSELL EVANS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIELA FREIDZON-MCCABE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GORDON HELM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • TRACY HOUSTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • FAITH IDAHOSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • BYRON KLAUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERICH LAU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • GARY NELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MATT REARDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELIAS REYES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • STEPHEN ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SAMUEL RODRIGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COLLEEN ROUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • ARIANE SCHMIDT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • MARK STERNS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • CLIFTON TAULBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ROBERT TULL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRENT VANNORMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • WILLIAM M WILSON

    PRESIDENT

    Total calculated
    $735,121
    From this org
    $594,724
    From related orgs
    $0
    Other
    $140,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $416,588
    Bonus
    $142,500
    Other
    $35,636
    Deferred
    $40,850
    Nontaxable benefits
    $99,547
    Filer's total
    $735,121

  • NEAL STENZEL

    ASSISTANT TREASURER/CFO

    Total calculated
    $334,049
    From this org
    $291,464
    From related orgs
    $0
    Other
    $42,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,497
    Bonus
    $53,584
    Other
    $2,383
    Deferred
    $7,643
    Nontaxable benefits
    $34,942
    Filer's total
    $334,049

  • JANICE SCOTT

    ASSISTANT SECRETARY

    Total calculated
    $68,713
    From this org
    $52,839
    From related orgs
    $0
    Other
    $15,874
    Hours/week
    40

  • TIMOTHY PHILLEY

    CHIEF OPERATIONS OFFICER

    Total calculated
    $327,618
    From this org
    $309,232
    From related orgs
    $0
    Other
    $18,386
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,543
    Bonus
    $53,584
    Other
    $5,105
    Deferred
    $7,635
    Nontaxable benefits
    $10,751
    Filer's total
    $327,618

  • KATHALEEN REID-MARTINEZ

    PROVOST/CHIEF ACADEMIC OFFICER

    Total calculated
    $356,911
    From this org
    $243,809
    From related orgs
    $0
    Other
    $113,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,929
    Bonus
    $53,500
    Other
    $19,380
    Deferred
    $22,905
    Nontaxable benefits
    $90,197
    Filer's total
    $356,911

  • ALISON VUJNOVIC

    VP OF ENTROLLMENT MANAGEMENT

    Total calculated
    $176,824
    From this org
    $158,318
    From related orgs
    $0
    Other
    $18,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,472
    Bonus
    $15,207
    Other
    $2,639
    Deferred
    $5,465
    Nontaxable benefits
    $13,041
    Filer's total
    $176,824

  • KEITH SPRINGMANN

    MEN'S HEAD BASKETBALL COACH

    Total calculated
    $278,598
    From this org
    $244,958
    From related orgs
    $0
    Other
    $33,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,418
    Bonus
    $691
    Other
    $1,849
    Deferred
    $7,600
    Nontaxable benefits
    $26,040
    Filer's total
    $278,598

  • TIM JOHNSON

    ATHLETIC DIRECTOR

    Total calculated
    $265,484
    From this org
    $233,514
    From related orgs
    $0
    Other
    $31,970
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $193,914
    Bonus
    $36,060
    Other
    $3,540
    Deferred
    $6,138
    Nontaxable benefits
    $25,832
    Filer's total
    $265,484

  • RYAN FOLMAR

    HEAD BASEBALL COACH

    Total calculated
    $235,492
    From this org
    $225,952
    From related orgs
    $0
    Other
    $9,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,060
    Bonus
    $25,685
    Other
    $3,207
    Deferred
    $0
    Nontaxable benefits
    $9,540
    Filer's total
    $235,492

  • MICHAEL MATHEWS

    VP GLOBAL LEARNING & INNOVATION

    Total calculated
    $219,827
    From this org
    $194,471
    From related orgs
    $0
    Other
    $25,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,554
    Bonus
    $2,537
    Other
    $2,380
    Deferred
    $0
    Nontaxable benefits
    $25,356
    Filer's total
    $219,827

  • R MICHAEL CARTER

    VP DEVELOPMENT/ALUMNI

    Total calculated
    $225,096
    From this org
    $191,424
    From related orgs
    $0
    Other
    $33,672
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $177,054
    Bonus
    $7,537
    Other
    $6,833
    Deferred
    $5,700
    Nontaxable benefits
    $27,972
    Filer's total
    $225,096

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
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PRESIDENT WILLIAM WILSON RECEIVED A NONTAXABLE MINISTERIAL HOUSING ALLOWANCE OF $88,200 VP KATHALEEN REID-MARTINEZ RECEIVED A NONTAXABLE MINISTERIAL HOUSING ALLOWANCE OF $77,000. COUNTRY CLUB DUES WERE PAID ON BEHALF OF R. MICHAEL CARTER WITH THE AMOUNTS 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 $115,000 K. REID-MARTINEZ $50,000 N. STENZEL $50,000 T. PHILLEY $50,000 R. FOLMAR $25,000 A. VUJNOVIC $15,000 T. JOHNSON $8,500 R. CARTER $5,000 M. MATHEWS $2,000

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UNIVERSITY BROADCASTING INC

    C · TV BROADCASTING · OK · 100% owned · share of income $621,644 · share of assets $1,876,532 · controlled entity

    Directly controlled by ORAL ROBERTS UNIVERSITY

  • CHARITABLE REMAINDER UNITRUSTS (2)

    T · INVESTMENT · OK · controlled entity

    Directly controlled by ORAL ROBERTS UNIVERSITY

  • POOLED INCOME FUND (1)

    T · INVESTMENT · OK · controlled entity

    Directly controlled by ORAL ROBERTS UNIVERSITY

  • COMPLEX TRUSTS (2)

    T · INVESTMENT · OK

    Directly controlled by ORAL ROBERTS UNIVERSITY

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202610719349300031

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