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Nonprofiteer
← RANDALL UNIVERSITY INC

Form 990 for tax year 2022

Filed by RANDALL UNIVERSITY INC.

Totals

Total revenue
$6,134,924
Total expenses
$6,107,473
Contributions and grants received
$1,162,816
Grants paid
$1,807,100
Program service revenue
$4,825,176
Investment income
$65,456
Other revenue
$81,476
Total assets, end of year
$6,609,900
Total liabilities, end of year
$2,197,998
Net assets or fund balances, end of year
$4,411,902
Program services expenses (Part IX)
$5,206,411
Management and general expenses
$506,742
Fundraising expenses
$394,320
Program service expenses (Part III)
$5,206,411

Program services were 85.2% 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.

  • 1d · Related organizations

    $263,816

  • 1f · All other contributions, gifts and grants

    $899,000

  • 2a · Program service revenue: TUITION AND FEES

    total $4,275,915 · related or exempt $4,275,915

  • 2b · Program service revenue: AUXILIARY INCOME

    total $482,449 · related or exempt $482,449

  • 2c · Program service revenue: WORK STUDY PROGRAM

    total $33,465 · related or exempt $33,465

  • 2d · Program service revenue: ATHLETIC INCOME

    total $20,579 · related or exempt $20,579

  • 2e · Program service revenue: CAMPUS EVENTS

    total $6,417 · related or exempt $6,417

  • 2f · All other program service revenue

    total $6,351 · related or exempt $6,351

  • 3 · Investment income

    total $65,456 · excluded $65,456

  • 6a · Gross rents

    real property $26,158

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $26,158

  • 6d · Net rental income or loss

    total $26,158 · excluded $26,158

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $36,738 · related or exempt $36,738

  • 11b · Other revenue: INSURANCE REIMBURSEMEN

    total $18,580 · excluded $18,580

  • 11e · Other revenue, total

    $55,318

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,807,100 · program services $1,807,100

  • 5 · Compensation of officers, directors and key employees

    total $196,601 · program services $164,492 · management and general $18,895 · fundraising $13,214

  • 7 · Other salaries and wages

    total $1,675,527 · program services $1,401,913 · management and general $161,018 · fundraising $112,596

  • 9 · Other employee benefits

    total $237,221 · program services $196,893 · management and general $23,722 · fundraising $16,606

  • 10 · Payroll taxes

    total $100,869 · program services $83,721 · management and general $10,087 · fundraising $7,061

  • 11c · Fees: accounting

    total $32,049 · management and general $32,049

  • 11g · Fees: other

    total $182,307 · program services $112,803 · management and general $13,498 · fundraising $56,006

  • 12 · Advertising and promotion

    total $122,198 · program services $115,293 · management and general $2,200 · fundraising $4,705

  • 13 · Office expenses

    total $199,551 · program services $174,191 · management and general $19,950 · fundraising $5,410

  • 14 · Information technology

    total $94,801 · program services $70,881 · management and general $20,916 · fundraising $3,004

  • 16 · Occupancy

    total $268,595 · program services $85,951 · management and general $21,488 · fundraising $161,156

  • 17 · Travel

    total $199,944 · program services $198,704 · management and general $1,240

  • 19 · Conferences, conventions and meetings

    total $26,211 · program services $23,066 · management and general $3,145

  • 20 · Interest

    total $126,776 · program services $111,563 · management and general $15,213

  • 22 · Depreciation, depletion and amortization

    total $204,726 · program services $88,034 · management and general $114,646 · fundraising $2,046

  • 23 · Insurance

    total $120,944 · program services $106,431 · management and general $14,513

  • 24a · Other expenses: STUDENT SERVICES

    total $251,607 · program services $217,262 · management and general $25,136 · fundraising $9,209

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $157,506 · program services $157,506

  • 24c · Other expenses: ATHLETICS

    total $51,257 · program services $44,260 · management and general $5,121 · fundraising $1,876

  • 24d · Other expenses: MISCELLANEOUS

    total $39,092 · program services $33,756 · management and general $3,905 · fundraising $1,431

  • 24e · All other expenses

    total $12,591 · program services $12,591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,531,459 · end of year $625,583

  • 2 · Savings and temporary cash investments

    beginning of year $843,390 · end of year $1,639,500

  • 3 · Pledges and grants receivable

    end of year $14,572

  • 4 · Accounts receivable

    beginning of year $273,973 · end of year $186,900

  • 8 · Inventories for sale or use

    beginning of year $10,290 · end of year $12,316

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,640 · end of year $8,190

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

    $10,904,447

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

    $6,781,608

  • 10c · Land, buildings and equipment, net

    beginning of year $4,161,172 · end of year $4,122,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,345 · end of year $38,641

  • 19 · Deferred revenue

    beginning of year $121,379 · end of year $127,450

  • 23 · Secured mortgages and notes payable

    beginning of year $2,262,549 · end of year $1,995,347

  • 25 · Other liabilities

    beginning of year $23,200 · end of year $36,560

  • 27 · Net assets without donor restrictions

    beginning of year $3,244,581 · end of year $3,067,128

  • 28 · Net assets with donor restrictions

    beginning of year $1,139,870 · end of year $1,344,774

Mission and programs · 2022

Mission

RANDALL UNIVERSITY IS A CHRISTIAN INSTITUTION OF HIGHER EDUCATION COMMITTED TO THE INTELLECTUAL, SPIRITUAL, SOCIAL, MORAL, AND PHYSICAL DEVELOPMENT OF ITS STUDENTS. IT SEEKS TO PREPARE STUDENTS TO SERVE THE LORD JESUS CHRIST, BOTH IN THE CHURCH AND IN SOCIETY AT LARGE.

Activities or mission (Part I)

AN ACCREDITED POST-SECONDARY INSTITUTION OF HIGHER EDUCATION. THE UNIVERSITY OFFERS SEVERAL DEGREE PROGRAMS, OFFERS SIX SPORTS PROGRAMS, AND CURRENTLY ENROLLS APPROXIMATELY 350 STUDENTS.

  • POST SECONDARY ACCREDITED INSTITUION OF HIGHER EDUCATION. COLLEGE OFFERS 1 2-YR ASSOCIATES AND 18 4-YR BACHELORS DEGREES. 335 STUDENTS ENROLLED.

    Expenses $5,206,411 · Grants $1,807,100 · Revenue $4,861,914

As filed on the 2022 return.

Listed in Part VII

  • Doug Dickey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Mayhew

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Long

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bruce Sharp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brent Meadows

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Morrow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenny Myers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Nichols

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randy Puckett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jay Dixon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gene Reid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kendall Ross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lyle Hoover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Paxton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rusty Harrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Coffelt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matt Wheeler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Todd Jenson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $85,106
    From this org
    $84,701
    From related orgs
    $0
    Other
    $405
    Hours/week
    40

  • Robert G Thompson

    PRESIDENT

    Total calculated
    $74,771
    From this org
    $74,525
    From related orgs
    $0
    Other
    $246
    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.

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.

  • FREE WILL BAPTIST FOUNDATION

    501(C)(3) · PLANNED GIVING · TN

  • OKLAHOMA STATE ASSOCIATION OF FREE WILL BAPTISTS

    501(C)(3) · PROMOTE GOSPEL OF JESUS · OK

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202401299349302020

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