Oakland City University
- Assets
- $57.0m
- Revenue
- $29.4m
- Investments
- $320.0k
- Employees
- 670
- Location
- Oakland City, IN
- Founding
- 06/1934
- Data as of
- 05/2022
- 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 05/2022, Oakland City University employed 670 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 05/2022, Oakland City University generated $29.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $28.8m during the year ending 05/2022. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
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 | $250,520 |
Cathy Robb Dean Of School Of Business | 40 | $101,157 | |
Rev Clint Woolsey Vice-President | Officer | 40 | $95,449 |
Todd Wahl CFO | Officer | 40 | $87,928 |
Brian Baker Vice-President | Officer | 40 | $78,525 |
Bill Blackburn Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jerry Aigner Construction Inc Contractor | 5/30/22 | $136,564 |
Media Cross Marketing | 5/30/22 | $189,771 |
Nm Bunge Inc Contractor | 5/30/22 | $103,480 |
Pioneer College Caterers Inc Food Service | 5/30/22 | $681,380 |
Forvis Llp Accounting | 5/30/22 | $163,605 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,400 |
| Related organizations | $0 |
| Government grants | $5,457,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,090,073 |
| Noncash contributions included in lines 1a–1f | $302,987 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,553,193 |
| Total Program Service Revenue | $18,660,760 |
| Investment income | $516,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,904 |
| Net Rental Income | $227,630 |
| Net Gain/Loss on Asset Sales | $838,173 |
| Net Income from Fundraising Events | $64,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $532,359 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,434,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,749,687 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $533,173 |
| Compensation of current officers, directors, key employees. | $533,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,539,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $958,483 |
| Payroll taxes | $587,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,598 |
| Fees for services: Accounting | $166,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,798 |
| Fees for services: Other | $201,468 |
| Advertising and promotion | $321,993 |
| Office expenses | $1,800,375 |
| Information technology | $328,826 |
| Royalties | $0 |
| Occupancy | $804,491 |
| Travel | $161,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $299,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,455,060 |
| Insurance | $303,621 |
| All other expenses | $1,764,977 |
| Total functional expenses | $28,763,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,879,919 |
| Savings and temporary cash investments | $994,786 |
| Pledges and grants receivable | $1,335,593 |
| Accounts receivable, net | $165,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $490,301 |
| Inventories for sale or use | $58,223 |
| Prepaid expenses and deferred charges | $225,724 |
| Net Land, buildings, and equipment | $36,087,658 |
| Investments—publicly traded securities | $15,344,928 |
| Investments—other securities | $320,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,221 |
| Total assets | $56,971,602 |
| Accounts payable and accrued expenses | $1,529,796 |
| Grants payable | $0 |
| Deferred revenue | $257,409 |
| 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 | $9,372,921 |
| Unsecured mortgages and notes payable | $454,950 |
| Other liabilities | $1,142,617 |
| Total liabilities | $12,757,693 |
| Net assets without donor restrictions | $30,336,489 |
| Net assets with donor restrictions | $13,877,420 |
| 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 | $56,971,602 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Oakland City University has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Chapman Family Foundation Inc Newburgh, IN PURPOSE: TO SUPPORT EDUCATION | $35,000 |
Cecil A And Mabel Lene Hamman Foundation Inc Evansville, IN PURPOSE: CAPITAL CAMPAIGN | $15,000 |
Chapman Family Foundation Inc Newburgh, IN PURPOSE: TO SUPPORT EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $10,342,300 |
| Earnings | $276,756 |
| Net Contributions | $818,026 |
| Grants | $402,800 |
| Ending Balance | $11,034,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Beloit College Beloit, WI | $210,386,491 | $86,166,985 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |