Totals
- Total revenue
- $76,025,660
- Total expenses
- $78,864,062
- Contributions and grants received
- $8,499,648
- Grants paid
- $28,608,561
- Program service revenue
- $57,584,390
- Investment income
- $8,278,793
- Other revenue
- $1,662,829
- Total assets, end of year
- $336,614,650
- Total liabilities, end of year
- $27,213,052
- Net assets or fund balances, end of year
- $309,401,598
- Program services expenses (Part IX)
- $68,941,080
- Management and general expenses
- $8,421,393
- Fundraising expenses
- $1,501,589
- Program service expenses (Part III)
- $68,941,080
Program services were 87.4% 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
$380,425
-
1d · Related organizations
$3,982,970
-
1e · Government grants (contributions)
$947,958
-
1f · All other contributions, gifts and grants
$3,188,295
-
1g · Noncash contributions included above
$3,250
-
2a · Program service revenue: TUITION
total $39,537,607 · related or exempt $39,537,607
-
2b · Program service revenue: AUXILIARY - HOUSING/ME
total $8,656,826 · related or exempt $8,697,475 · unrelated business -$40,649
-
2c · Program service revenue: FEES
total $5,059,665 · related or exempt $5,059,665
-
2d · Program service revenue: MISC. EDUCATIONAL SERV
total $3,872,256 · related or exempt $3,872,256
-
2f · All other program service revenue
total $458,036 · related or exempt $443,217 · unrelated business $14,819
-
3 · Investment income
total $8,920,029 · excluded $8,920,029
-
5 · Royalties
total $629,191 · excluded $629,191
-
6a · Gross rents
real property $25,972
-
6b · Less rental expenses
real property $44,565
-
6c · Rental income or loss
real property -$18,593
-
6d · Net rental income or loss
total -$18,593 · excluded -$18,593
-
7a · Gross sales of assets other than inventory
securities $33,586,032
-
7b · Less cost or other basis and sales expenses
securities $33,581,744 · other assets $645,524
-
7c · Gain or loss
securities $4,288 · other assets -$645,524
-
7d · Net gain or loss
total -$641,236 · excluded -$641,236
-
8a · Fundraising events: gross income
$56,641
-
8a · Fundraising events: contributions included on line 1c
$380,425
-
8b · Fundraising events: direct expenses
$219,600
-
8c · Net income from fundraising events
total -$162,959 · excluded -$162,959
-
11a · Other revenue: INSURANCE PROCEEDS
total $1,215,190 · excluded $1,215,190
-
11e · Other revenue, total
$1,215,190
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $28,608,561 · program services $28,608,561
-
5 · Compensation of officers, directors and key employees
total $445,798 · management and general $445,798
-
6 · Compensation of disqualified persons
total $33,911 · management and general $33,911
-
7 · Other salaries and wages
total $19,612,833 · program services $16,078,931 · management and general $2,839,825 · fundraising $694,077
-
8 · Pension plan contributions
total $520,091 · program services $407,473 · management and general $97,857 · fundraising $14,761
-
9 · Other employee benefits
total $2,644,246 · program services $1,626,737 · management and general $951,271 · fundraising $66,238
-
10 · Payroll taxes
total $1,376,397 · program services $1,008,073 · management and general $330,410 · fundraising $37,914
-
11b · Fees: legal
total $49,497 · program services $114 · management and general $49,383
-
11c · Fees: accounting
total $100,955 · management and general $100,955
-
11e · Fees: professional fundraising services
total $116,271 · fundraising $116,271
-
11f · Fees: investment management
total $28,619 · management and general $28,600 · fundraising $19
-
11g · Fees: other
total $2,451,455 · program services $2,103,992 · management and general $99,943 · fundraising $247,520
-
12 · Advertising and promotion
total $1,356,344 · program services $559,413 · management and general $787,614 · fundraising $9,317
-
13 · Office expenses
total $1,995,888 · program services $1,466,319 · management and general $464,455 · fundraising $65,114
-
14 · Information technology
total $1,314,462 · program services $572,136 · management and general $669,744 · fundraising $72,582
-
16 · Occupancy
total $5,209,124 · program services $5,154,130 · management and general $31,792 · fundraising $23,202
-
17 · Travel
total $1,413,778 · program services $1,201,310 · management and general $201,591 · fundraising $10,877
-
19 · Conferences, conventions and meetings
total $199,712 · program services $162,930 · management and general $30,634 · fundraising $6,148
-
20 · Interest
total $617,002 · program services $551,659 · management and general $65,343
-
22 · Depreciation, depletion and amortization
total $4,240,299 · program services $4,121,589 · management and general $97,225 · fundraising $21,485
-
23 · Insurance
total $279,464 · program services $255,408 · fundraising $24,056
-
24a · Other expenses: FOOD SERVICES
total $2,975,450 · program services $2,975,450
-
24b · Other expenses: EVENTS
total $1,239,881 · program services $1,057,683 · management and general $93,775 · fundraising $88,423
-
24c · Other expenses: BAD DEBTS EXP
total $746,116 · management and general $746,116
-
24d · Other expenses: EQUIPMENT
total $704,340 · program services $471,055 · management and general $232,610 · fundraising $675
-
24e · All other expenses
total $583,568 · program services $558,117 · management and general $22,541 · fundraising $2,910
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $229,177 · end of year $192,288
-
2 · Savings and temporary cash investments
beginning of year $4,032,946 · end of year $761,278
-
4 · Accounts receivable
beginning of year $4,122,690 · end of year $2,274,106
-
8 · Inventories for sale or use
beginning of year $1,628 · end of year $4,883
-
9 · Prepaid expenses and deferred charges
beginning of year $1,795,626 · end of year $2,190,700
-
10a · Land, buildings and equipment: cost or other basis
$206,952,844
-
10b · Land, buildings and equipment: accumulated depreciation
$73,253,047
-
10c · Land, buildings and equipment, net
beginning of year $110,511,839 · end of year $133,699,797
-
11 · Investments: publicly traded securities
beginning of year $41,500,004 · end of year $22,734,269
-
12 · Investments: other securities
beginning of year $164,131,530 · end of year $174,757,329
-
13 · Investments: program-related
beginning of year $3,147
-
15 · Other assets
beginning of year $299,838 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,446,096 · end of year $7,521,474
-
19 · Deferred revenue
beginning of year $1,698,083 · end of year $2,091,815
-
20 · Tax-exempt bond liabilities
beginning of year $16,191,456 · end of year $14,145,613
-
25 · Other liabilities
beginning of year $4,129,020 · end of year $3,454,150
-
27 · Net assets without donor restrictions
beginning of year $116,952,612 · end of year $117,622,268
-
28 · Net assets with donor restrictions
beginning of year $185,211,158 · end of year $191,779,330
Mission and programs · 2024
Mission
AS A CHRISTIAN LIBERAL ARTS UNIVERSITY, OKLAHOMA BAPTIST UNIVERSITY TRANSFORMS LIVES BY EQUIPPING STUDENTS TO PURSUE ACADEMIC EXCELLENCE, INTEGRATE FAITH WITH ALL AREAS OF KNOWLEDGE, ENGAGE A DIVERSE WORLD, AND LIVE WORTHY OF THE HIGH CALLING OF GOD IN CHRIST.
Activities or mission (Part I)
A CHRISTIAN LIBERAL ARTS UNIVERSITY.
-
ACADEMIC INSTRUCTION: OKLAHOMA BAPTIST UNIVERSITY OFFERS OVER 80 UNDERGRADUATE ACADEMIC MAJOR FIELDS OF STUDY, WITH PRE-PROFESSIONAL DEGREES IN SEVERAL AREAS. THE ACADEMIC OFFERINGS ARE OPERATED THROUGH SCHOOLS AND DIVISIONS: THEOLOGY AND MINISTRY, SCIENCE AND MATHEMATICS, BEHAVIORAL AND SOCIAL SCIENCE, BUSINESS, EDUCATION, EXERCISE SCIENCE, SPORTS AND RECREATION, LANGUAGE AND LITERATURE, NURSING, VISUAL AND PERFORMING ARTS PLUS SEVERAL GRADUATE, ONLINE AND PROFESSIONAL CERTIFICATE PROGRAMS. THE UNIVERSITY'S CORE CURRICULUM INTEGRATES ACADEMIC DISCIPLINES TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION. MASTERS' DEGREES ARE OFFERED IN BUSINESS ADMINISTRATION, MULTIPLE THEOLOGY DISCIPLINES, MARRIAGE AND FAMILY THERAPY, AND TEACHING. THE UNIVERSITY'S FOUR-YEAR GRADUATION RATE IS AMONG THE HIGHEST IN THE STATE AND REGION.
Expenses $46,305,053 · Grants $28,608,561 · Revenue $42,029,114
-
STUDENT SERVICES: OKLAHOMA BAPTIST UNIVERSITY PROVIDES A RANGE OF SERVICES TO STUDENTS, INCLUDING HEALTH SERVICES, CAREER PLANNING AND PLACEMENT, COUNSELING, FINANCIAL AID, ATHLETIC OPPORTUNITIES THROUGH 13 SPORTING TEAMS, AN EXTENSIVE INTRAMURAL AND CLUB SPORTS PROGRAM, CAMPUS ACTIVITIES, A UNIVERSITY CONCERT SERIES, AND AN ARRAY OF CAMPUS MINISTRY PROGRAMS, INCLUDING EIGHT LOCAL MINISTRY TEAMS, AND YEAR-ROUND INTERNATIONAL MISSIONS AND SERVICE EXPERIENCES. THESE SERVICES ARE TIED TO OBU'S MISSION STATEMENT: AS A CHRISTIAN LIBERAL ARTS UNIVERSITY, OBU TRANSFORMS LIVES BY EQUIPPING STUDENTS TO PURSUE ACADEMIC EXCELLENCE, INTEGRATE FAITH WITH ALL AREAS OF KNOWLEDGE, ENGAGE A DIVERSE WORLD, AND LIVE WORTHY OF THE HIGH CALLING OF GOD IN CHRIST.
Expenses $12,508,942 · Revenue $5,059,665
-
AUXILIARY ENTERPRISES: OKLAHOMA BAPTIST UNIVERSITY OPERATES RESIDENTIAL FACILITIES FOR APPROXIMATELY 960 OF THE UNIVERSITY'S APPROXIMATELY 1,600 ENROLLED STUDENTS. CAMPUS DINING, INCLUDING CATERING SERVICES, IS PROVIDED THROUGH CHARTWELL'S, A COMPASS GROUP COMPANY. THE UNIVERSITY'S BOOKSTORE IS OPERATED BY SLINGSHOT.
Expenses $10,127,085 · Revenue $8,697,475
-
MISCELLANEOUS REVENUE GENERATED FROM EDUCATIONAL SALES/SERVICES/EVENTS.
Revenue $1,823,966
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert MorrisROBERT MORRIS
VICE-CHAIRMAN (PART YEAR)/CHAIRMAN
- Total calculated
- $2,700
- From this org
- $2,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Bryan LaramoreBRYAN LARAMORE
TRUSTEE (PART YEAR)/VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt BrownMATT BROWN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Nick AtyiaNICK ATYIA
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric CostanzoERIC COSTANZO
CHAIRMAN (PART YEAR)
- Total calculated
- $0
- Hours/week
- 0.5
-
Aubrey ChapinAUBREY CHAPIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Caleb ScottCALEB SCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Chad WilsieCHAD WILSIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Cindy SchmidtCINDY SCHMIDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Glenette RussellGLENETTE RUSSELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jonathan PickettJONATHAN PICKETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Justin SamplerJUSTIN SAMPLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kari JonesKARI JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kyle LillieKYLE LILLIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Les LedbetterLES LEDBETTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael CarterMICHAEL CARTER
TRUSEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ryan AldrichRYAN ALDRICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve BagwellSTEVE BAGWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve HallSTEVE HALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Bryan PainBRYAN PAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve WaechterSTEVE WAECHTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Joshua WellsJOSHUA WELLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Randy ButlerRANDY BUTLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Monty HaleMONTY HALE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kent JaggersKENT JAGGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John HenryJOHN HENRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dany DanielDANY DANIEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Tre LandrumTRE LANDRUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jonathan BeamesJONATHAN BEAMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Tanner BlosserTANNER BLOSSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara HolmesSARA HOLMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Todd FisherTODD FISHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Sam GarlowSAM GARLOW
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian WaddellBRIAN WADDELL
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 0.5
-
John LeeJOHN LEE
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 0.5
-
Les MillerLES MILLER
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 0.5
-
Penny KlimasPENNY KLIMAS
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 0.5
-
Heath ThomasHEATH THOMAS
PRESIDENT
- Total calculated
- $276,982
- From this org
- $206,550
- From related orgs
- $0
- Other
- $70,432
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $206,291
- Bonus
- $0
- Other
- $259
- Deferred
- $14,688
- Nontaxable benefits
- $55,744
- Filer's total
- $276,982
-
Randy SmithRANDY SMITH
CFO/EVP BUS. & ADMIN SVCS
- Total calculated
- $173,115
- From this org
- $151,668
- From related orgs
- $0
- Other
- $21,447
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $150,793
- Bonus
- $0
- Other
- $875
- Deferred
- $4,870
- Nontaxable benefits
- $16,577
- Filer's total
- $173,115
-
Matthew EmersonMATTHEW EMERSON
CO-PROVOST, DEAN OF THEOLOGY, ARTS & HUMANITIES
- Total calculated
- $185,968
- From this org
- $162,319
- From related orgs
- $0
- Other
- $23,649
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $162,198
- Bonus
- $0
- Other
- $121
- Deferred
- $5,085
- Nontaxable benefits
- $18,564
- Filer's total
- $185,968
-
Timothy RasnicTIMOTHY RASNIC
VICE PRESIDENT OF ADVANCEMENT
- Total calculated
- $143,397
- From this org
- $137,110
- From related orgs
- $0
- Other
- $6,287
- Hours/week
- 50
-
Larinee DennisLARINEE DENNIS
CO-PROVOST, DEAN OF BUSINESS, HEALTH, SCIENCE & ED
- Total calculated
- $170,212
- From this org
- $145,238
- From related orgs
- $0
- Other
- $24,974
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $145,056
- Bonus
- $0
- Other
- $182
- Deferred
- $4,710
- Nontaxable benefits
- $20,264
- Filer's total
- $170,212
-
Charles BaukalCHARLES BAUKAL
DIRECTOR OF ENGINEERING, ASSOC PROF OF ENGINEERING
- Total calculated
- $161,504
- From this org
- $143,320
- From related orgs
- $0
- Other
- $18,184
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $141,893
- Bonus
- $0
- Other
- $1,427
- Deferred
- $4,307
- Nontaxable benefits
- $13,877
- Filer's total
- $161,504
-
Joshua ShoffnerJOSHUA SHOFFNER
VICE PRESIDENT OF TECHNOLOGY & DIGITAL INNOVATION
- Total calculated
- $145,384
- From this org
- $124,156
- From related orgs
- $0
- Other
- $21,228
- Hours/week
- 50
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 · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
- THE PRESIDENT'S WIFE ACCOMPANIES THE PRESIDENT ON VARIOUS UNIVERSITY EVENTS FOR WHICH TRAVEL IS REQUIRED. THESE TRAVEL ARRANGEMENTS ARE PAID BY THE UNIVERSITY AND ARE TREATED AS TAXABLE INCOME INCLUDED IN THE PRESIDENT'S W-2. PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. THE PRESIDENT MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR.
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.
-
OKLAHOMA BAPTISTS (FORMERLY BAPTIST GENERAL CONVENTION OF OKLAHOMA)
501(C)(3) · CONVENTION OF CHURCHES · OK
-
501(C)(3) · SUPPORT OF OKLAHOMA BAPTIST UNIVERSITY · OK · controlled entity
Directly controlled by OKLAHOMA BAPTIST UNIVERSITY
-
WATERSEDGE (FORMERLY BAPTIST FOUNDATION OF OKLAHOMA)
501(C)(3) · CHURCH SUPPORT SERVICES · OK
Directly controlled by OKLAHOMA BAPTISTS
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.
-
MACK HOLDINGS LLC
MANAGE RETAIL LEASING OPERATIONS · OK · income -$17,878 · assets $22,611
Directly controlled by OKLAHOMA BAPTIST UNIVERSITY
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SHAWNEE SHIPPING CENTER LLC
UNRELATED · OPERATES A COMMERCIAL PRINT SHOP · OK · 50% owned · share of income -$40,649 · share of assets $17,130
Directly controlled by MACK HOLDINGS LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER ANNUITY TRUSTS (1)
HOLD ASSETS AND REMIT INCOME TO UNIVERSITY · OK · controlled entity
Directly controlled by OKLAHOMA BAPTIST UNIVERSITY
-
CHARITABLE REMAINDER UNITRUSTS (2)
HOLD ASSETS AND REMIT INCOME TO UNIVERSITY · OK · controlled entity
Directly controlled by OKLAHOMA BAPTIST UNIVERSITY
-
IRREVOCABLE PERSONAL TRUST (1)
HOLD ASSETS AND REMIT INCOME TO UNIVERSITY · OK · controlled entity
Directly controlled by OKLAHOMA BAPTIST UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631049349300938
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