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Nonprofiteer
← COLLEGE OF THE OZARKS

Form 990 for tax year 2024

Filed by COLLEGE OF THE OZARKS.

Totals

Total revenue
$145,882,802
Total expenses
$103,051,539
Contributions and grants received
$12,268,456
Grants paid
$31,416,771
Program service revenue
$57,877,066
Investment income
$73,038,086
Other revenue
$2,699,194
Total assets, end of year
$945,210,616
Total liabilities, end of year
$26,606,264
Net assets or fund balances, end of year
$918,604,352
Program services expenses (Part IX)
$84,851,153
Management and general expenses
$16,677,877
Fundraising expenses
$1,522,509
Program service expenses (Part III)
$84,851,153

Program services were 82.3% 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.

  • 1f · All other contributions, gifts and grants

    $12,268,456

  • 1g · Noncash contributions included above

    $701,317

  • 2a · Program service revenue: STUDENT TUITION FEES

    total $33,365,754 · related or exempt $33,365,754

  • 2b · Program service revenue: ROOM AND BOARD

    total $14,574,598 · related or exempt $14,574,598

  • 2c · Program service revenue: CAMPUS INDUSTRIES

    total $9,936,714 · related or exempt $9,936,714

  • 3 · Investment income

    total $21,306,095 · excluded $21,306,095

  • 6a · Gross rents

    real property $21,329

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $21,329

  • 6d · Net rental income or loss

    total $21,329 · excluded $21,329

  • 7a · Gross sales of assets other than inventory

    securities $298,399,555 · other assets $6,476,335

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

    securities $253,141,505 · other assets $2,394

  • 7c · Gain or loss

    securities $45,258,050 · other assets $6,473,941

  • 7d · Net gain or loss

    total $51,731,991 · related or exempt $51,731,991

  • 10a · Gross sales of inventory

    $155,143

  • 10b · Cost of goods sold

    $29,156

  • 10c · Net income from sales of inventory

    total $125,987 · related or exempt $125,987

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,488,445 · related or exempt $2,488,445

  • 11b · Other revenue: FARM INCOME

    total $63,433 · unrelated business $63,433

  • 11e · Other revenue, total

    $2,551,878

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $31,416,771 · program services $31,416,771

  • 5 · Compensation of officers, directors and key employees

    total $2,776,675 · management and general $2,776,675

  • 7 · Other salaries and wages

    total $23,011,008 · program services $20,337,876 · management and general $2,050,834 · fundraising $622,298

  • 8 · Pension plan contributions

    total $2,054,683 · program services $1,773,886 · management and general $239,531 · fundraising $41,266

  • 10 · Payroll taxes

    total $1,824,823 · program services $1,460,681 · management and general $334,863 · fundraising $29,279

  • 11b · Fees: legal

    total $373,192 · management and general $373,192

  • 11c · Fees: accounting

    total $105,864 · management and general $105,864

  • 11f · Fees: investment management

    total $2,143,385 · management and general $2,143,385

  • 11g · Fees: other

    total $109,361 · management and general $109,361

  • 13 · Office expenses

    total $5,816,309 · program services $4,383,024 · management and general $933,906 · fundraising $499,379

  • 16 · Occupancy

    total $5,378,543 · program services $3,750,096 · management and general $1,626,097 · fundraising $2,350

  • 17 · Travel

    total $1,086,515 · program services $855,653 · management and general $201,485 · fundraising $29,377

  • 22 · Depreciation, depletion and amortization

    total $7,619,796 · program services $7,619,796

  • 23 · Insurance

    total $6,538,182 · program services $2,934,057 · management and general $3,557,394 · fundraising $46,731

  • 24a · Other expenses: PURCHASES

    total $5,771,114 · program services $4,713,324 · management and general $1,057,790

  • 24b · Other expenses: PROGRAM DISBURSEMENTS

    total $5,349,446 · program services $4,368,384 · management and general $729,233 · fundraising $251,829

  • 24c · Other expenses: MISCELLANEOUS

    total $910,950 · program services $582,476 · management and general $328,474

  • 24d · Other expenses: PROMOTIONS

    total $496,488 · program services $496,488

  • 24e · All other expenses

    total $268,434 · program services $158,641 · management and general $109,793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,941,877 · end of year $1,046,936

  • 2 · Savings and temporary cash investments

    beginning of year $843,617 · end of year $854,382

  • 3 · Pledges and grants receivable

    beginning of year $1,047,980 · end of year $2,095,037

  • 4 · Accounts receivable

    beginning of year $2,406,884 · end of year $4,298,603

  • 8 · Inventories for sale or use

    beginning of year $1,788,221 · end of year $1,492,338

  • 9 · Prepaid expenses and deferred charges

    beginning of year $444,691 · end of year $533,140

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

    $263,566,773

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

    $135,539,783

  • 10c · Land, buildings and equipment, net

    beginning of year $127,668,606 · end of year $128,026,990

  • 11 · Investments: publicly traded securities

    beginning of year $572,945,033 · end of year $619,527,664

  • 15 · Other assets

    beginning of year $172,563,504 · end of year $187,335,526

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,983,872 · end of year $2,497,865

  • 19 · Deferred revenue

    beginning of year $4,702,875 · end of year $4,582,318

  • 25 · Other liabilities

    beginning of year $20,108,544 · end of year $19,526,081

  • 27 · Net assets without donor restrictions

    beginning of year $562,174,822 · end of year $597,128,551

  • 28 · Net assets with donor restrictions

    beginning of year $295,680,300 · end of year $321,475,801

Mission and programs · 2024

Mission

TO PROVIDE A CHRISTIAN EDUCATION FOR YOUTH OF BOTH SEXES, ESPECIALLY THOSE FOUND WORTHY, BUT WHO ARE WITHOUT SUFFICIENT MEANS TO PROCURE SUCH TRAINING.

Activities or mission (Part I)

TO PROVIDE A CHRISTIAN EDUCATION TO YOUTH OF BOTH SEXES, ESPECIALLY THOSE FOUND WORTHY, BUT WHO ARE WITHOUT SUFFICIENT MEANS TO PROCURE SURE TRAINING.

  • PRIVATE LIBERAL ARTS COLLEGE WITH A MISSION OF FOSTERING STUDENTS' ACADEMIC, VOCATIONAL, CHRISTIAN, PATRIOTIC AND CULTURAL GROWTH. OFFERING BACCALAUREATE PROGRAMS TO APPROXIMATELY 1,450 STUDENTS.

    Expenses $84,851,153 · Grants $31,416,771 · Revenue $57,877,066

As filed on the 2024 return.

Listed in Part VII

  • Erik Snyder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shannon O'Hearn Downing

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Robert E Jeffries MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gary W Creason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Karla R Eslinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jennifer M Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shawn M McKenzie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gary L Wortman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • J Kenneth Raley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Max L Ruhl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • D Kevin Hutcheson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • William Grover Arnett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • The Honorable C Brent Dishman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • The Honorable Larry Walther

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Pat Long

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Terry Sanders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Ryan Siebert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • The Honorable Doyle Childers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Julie L Keeter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brad S Johnson

    PRESIDENT

    Total calculated
    $354,320
    From this org
    $296,288
    From related orgs
    $0
    Other
    $58,032
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $296,288
    Bonus
    $0
    Other
    $0
    Deferred
    $29,391
    Nontaxable benefits
    $28,641
    Filer's total
    $354,320

  • Weston T Wiebe

    CFO AND TREASURER

    Total calculated
    $205,487
    From this org
    $174,522
    From related orgs
    $0
    Other
    $30,965
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $174,522
    Bonus
    $0
    Other
    $0
    Deferred
    $17,380
    Nontaxable benefits
    $13,585
    Filer's total
    $205,487

  • Gregory W Stark

    ASST TREASURER

    Total calculated
    $136,862
    From this org
    $101,466
    From related orgs
    $0
    Other
    $35,396
    Hours/week
    50

  • Tamara Schneider

    CORPORATE SECRETARY

    Total calculated
    $100,020
    From this org
    $77,301
    From related orgs
    $0
    Other
    $22,719
    Hours/week
    45

  • Elizabeth Blevins

    ASST CORPORATE SECRETARY

    Total calculated
    $92,501
    From this org
    $74,026
    From related orgs
    $0
    Other
    $18,475
    Hours/week
    45

  • Sue Head

    VP FOR ADVANCEMENT

    Total calculated
    $222,829
    From this org
    $191,813
    From related orgs
    $0
    Other
    $31,016
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,813
    Bonus
    $0
    Other
    $0
    Deferred
    $18,622
    Nontaxable benefits
    $12,394
    Filer's total
    $222,829

  • Eric Bolger

    PROVOST

    Total calculated
    $218,358
    From this org
    $184,930
    From related orgs
    $0
    Other
    $33,428
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,930
    Bonus
    $0
    Other
    $0
    Deferred
    $18,524
    Nontaxable benefits
    $14,904
    Filer's total
    $218,358

  • Marci L Linson

    VP FOR VOCATIONAL PROGRAMS

    Total calculated
    $181,972
    From this org
    $154,357
    From related orgs
    $0
    Other
    $27,615
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,357
    Bonus
    $0
    Other
    $0
    Deferred
    $15,456
    Nontaxable benefits
    $12,159
    Filer's total
    $181,972

  • Jeffrey Schneider

    CIO

    Total calculated
    $197,887
    From this org
    $166,172
    From related orgs
    $0
    Other
    $31,715
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,172
    Bonus
    $0
    Other
    $0
    Deferred
    $17,010
    Nontaxable benefits
    $14,705
    Filer's total
    $197,887

  • Tom Healey

    GM OF THE KEETER CENTER

    Total calculated
    $223,766
    From this org
    $178,195
    From related orgs
    $0
    Other
    $45,571
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,195
    Bonus
    $0
    Other
    $0
    Deferred
    $16,482
    Nontaxable benefits
    $29,089
    Filer's total
    $223,766

  • Robert J Stricklin

    EXEC CHEF, FOOD/BEVERAGE D

    Total calculated
    $173,982
    From this org
    $149,167
    From related orgs
    $0
    Other
    $24,815
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,167
    Bonus
    $0
    Other
    $0
    Deferred
    $14,136
    Nontaxable benefits
    $10,679
    Filer's total
    $173,982

  • Natalie Rasnick

    DEAN OF DEVELOPMENT

    Total calculated
    $180,794
    From this org
    $141,405
    From related orgs
    $0
    Other
    $39,389
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,405
    Bonus
    $0
    Other
    $0
    Deferred
    $15,004
    Nontaxable benefits
    $24,385
    Filer's total
    $180,794

  • Janice Williams

    DIRECTOR OF NURSING PROGRA

    Total calculated
    $171,589
    From this org
    $132,343
    From related orgs
    $0
    Other
    $39,246
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,343
    Bonus
    $0
    Other
    $0
    Deferred
    $14,462
    Nontaxable benefits
    $24,784
    Filer's total
    $171,589

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 · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 1A
FACULTY-OCCASIONAL FACULTY MEMBER TRAVEL WAS COLLEGE-BUSINESS RELATED HOUSING PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER

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.

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.

  • HWU PROPERTIES LLC

    PROPERTY MANAAGEMENT · MO · income $992,332 · assets $14,142

    Directly controlled by COLLEGE OF THE OZARKS INC

  • HWU 1 LLC

    PROPERTY MANAAGEMENT · MO · income $3,485 · assets $983

    Directly controlled by COLLEGE OF THE OZARKS INC

  • HWU 2 LLC

    PROPERTY MANAAGEMENT · MO · income $1,014,561 · assets $15,575

    Directly controlled by COLLEGE OF THE OZARKS INC

  • HWU 3 LLC

    PROPERTY MANAAGEMENT · MO · income $4,547 · assets $956

    Directly controlled by COLLEGE OF THE OZARKS INC

  • SECTION 29

    PROPERTY MANAAGEMENT · MO · income $90,691 · assets $90,691

    Directly controlled by COLLEGE OF THE OZARKS INC

Provenance

Return type
form_990
Tax year
2024
Filed
9 April 2026
IRS schema version
2024v5.5
Source object
202621009349301402

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