Southwest Baptist University
- Assets
- $91.3m
- Revenue
- $47.1m
- Investments
- $0.0
- Employees
- 1,019
- Location
- Bolivar, MO
- Founding
- 03/1947
- Data as of
- 05/2022
- EIN
- 44-0567385
Organization Overview
Southwest Baptist University is located in Bolivar, MO. The organization was established in 1947. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Southwest Baptist University employed 1,019 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Baptist 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, Southwest Baptist University generated $47.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $43.6m during the year ending 05/2022. While expenses have increased by 0.5% 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
SBU PROVIDES UNDERGRADUATE AND GRADUATE DEGREES & OFFERS A VARIETY OF ACTIVITIES, AMENITIES, & SCHOLARSHIPS TO PREPARE STUDENTS TO BECOME SERVANT LEADERS IN A GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES UNDERGRADUATE AND GRADUATE DEGREES IN MANY PROGRAMS OF STUDY. SEE SCHEDULE O FOR MORE INFORMATION.
THE ORGANIZATION OFFERS A VARIETY OF ACTIVITIES AND SERVICES. SEE SCHEDULE O FOR MORE INFORMATION.
THE ORGANIZATION PROVIDES AMENITIES FOR STUDENTS THROUGH ITS AUXILIARY ENTERPRISES, INCLUDING DINING, DORMITORIES, A CONFERENCE CENTER, AND A WELLNESS CENTER. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Melson President | Officer | 40 | $116,492 |
Lee Skinkle Provost | Officer | 40 | $150,209 |
Troy Bethards Prof/dean College Professional | 40 | $116,383 | |
Josh Layman Prof/chair Of Physical Therapy | 40 | $109,938 | |
Tara Parson VP Of Administration | Officer | 40 | $74,231 |
Lance Adams Trustee End 07/22 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynamic Campus Solutions Inc It Services | 5/30/23 | $469,939 |
Ellucian Company Lp Software | 5/30/23 | $558,541 |
Provider Contract Food Service Food Service | 5/30/23 | $2,922,144 |
Eab Global Software | 5/30/23 | $1,213,661 |
Dewitt Associates Inc Construction Service | 5/30/23 | $1,255,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,165,115 |
| Government grants | $7,731,876 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,997,565 |
| Noncash contributions included in lines 1a–1f | $36,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,894,556 |
| Total Program Service Revenue | $32,869,552 |
| Investment income | $1,051,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,282 |
| Net Gain/Loss on Asset Sales | $1,444,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,144,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,904,074 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $489,546 |
| Compensation of current officers, directors, key employees. | $130,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,907,486 |
| Pension plan accruals and contributions | $1,152,192 |
| Other employee benefits | $3,300,246 |
| Payroll taxes | $1,135,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,640 |
| Fees for services: Accounting | $125,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,629 |
| Fees for services: Investment Management | $17,500 |
| Fees for services: Other | $2,798,729 |
| Advertising and promotion | $344,473 |
| Office expenses | $4,829,824 |
| Information technology | $1,822,826 |
| Royalties | $0 |
| Occupancy | $2,490,625 |
| Travel | $922,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $354,058 |
| Interest | $478,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,165,787 |
| Insurance | $348,343 |
| All other expenses | $0 |
| Total functional expenses | $43,573,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,417,022 |
| Savings and temporary cash investments | $502,727 |
| Pledges and grants receivable | $863,539 |
| Accounts receivable, net | $4,461,778 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,309,068 |
| Inventories for sale or use | $164,498 |
| Prepaid expenses and deferred charges | $934,167 |
| Net Land, buildings, and equipment | $35,043,552 |
| Investments—publicly traded securities | $36,221,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,415,409 |
| Total assets | $91,333,460 |
| Accounts payable and accrued expenses | $8,853,895 |
| Grants payable | $2,168,275 |
| Deferred revenue | $493,273 |
| Tax-exempt bond liabilities | $9,485,226 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,640,083 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $666,273 |
| Total liabilities | $24,307,025 |
| Net assets without donor restrictions | $37,330,124 |
| Net assets with donor restrictions | $29,696,311 |
| 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 | $91,333,460 |