Oakland City University
- Assets
- $58.9m
- Revenue
- $23.0m
- Investments
- $323.0k
- Employees
- 572
- Location
- Oakland City, IN
- Founding
- 06/1934
- Data as of
- 05/2023
- EIN
- 35-0869063
Organization Overview
Oakland City University is located in Oakland City, IN. The organization was established in 1934. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Oakland City University employed 572 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland City University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Oakland City University generated $23.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $27.4m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGHER EDUCATION IN A CHRISTIAN BASED LEARNING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAKLAND CITY UNIVERSITY IS AN INDEPENDENT, PRIVATELY ENDOWED GENERAL BAPTIST CHURCH-AFFILIATED UNIVERSITY. THE UNIVERSITY PROVIDES EDUCATIONAL OPPORTUNITIES IN THE LIBERAL ARTS AS WELL AS IN SELECTED PROFESSIONS, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ron Dempsey President | Officer | 40 | $257,886 |
Cathy Robb Dean Of School Of Business | 40 | $114,484 | |
Rev Clint Woolsey Vice President | Officer | 40 | $96,081 |
Nancy Miller Director Of Edd Program | 40 | $101,551 | |
Todd Wahl CFO | Officer | 40 | $87,773 |
Brian Baker Vice President | Officer | 40 | $68,262 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lmh Architecture Pllc Contractor | 5/30/23 | $896,397 |
Pioneer College Caterers Inc Food Service | 5/30/23 | $762,484 |
Jerry Aigner Construction Inc Contractor | 5/30/23 | $267,153 |
Bayers Plumbing Inc Contractor | 5/30/23 | $263,157 |
Media Cross Marketing | 5/30/23 | $212,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,410 |
| Related organizations | $475,000 |
| Government grants | $898,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,521,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,907,685 |
| Total Program Service Revenue | $16,919,687 |
| Investment income | $424,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,743 |
| Net Rental Income | $257,543 |
| Net Gain/Loss on Asset Sales | $904,788 |
| Net Income from Fundraising Events | $67,714 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $516,910 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,028,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,037,802 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $564,344 |
| Compensation of current officers, directors, key employees. | $564,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,907,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $629,235 |
| Payroll taxes | $468,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,608 |
| Fees for services: Accounting | $119,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,009 |
| Fees for services: Other | $286,127 |
| Advertising and promotion | $729,484 |
| Office expenses | $1,226,479 |
| Information technology | $259,880 |
| Royalties | $0 |
| Occupancy | $952,183 |
| Travel | $175,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $382,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,455,060 |
| Insurance | $270,146 |
| All other expenses | $776,746 |
| Total functional expenses | $27,448,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,175,071 |
| Savings and temporary cash investments | $965,983 |
| Pledges and grants receivable | $1,491,125 |
| Accounts receivable, net | $194,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $425,401 |
| Inventories for sale or use | $69,531 |
| Prepaid expenses and deferred charges | $130,482 |
| Net Land, buildings, and equipment | $42,411,516 |
| Investments—publicly traded securities | $10,604,948 |
| Investments—other securities | $323,008 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,377 |
| Total assets | $58,926,579 |
| Accounts payable and accrued expenses | $3,396,125 |
| Grants payable | $0 |
| Deferred revenue | $105,403 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,621,696 |
| Unsecured mortgages and notes payable | $267,650 |
| Other liabilities | $1,158,073 |
| Total liabilities | $20,548,947 |
| Net assets without donor restrictions | $23,275,593 |
| Net assets with donor restrictions | $15,102,039 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $58,926,579 |