Southwest Baptist University
- Assets
- $91.3m
- Revenue
- $47.1m
- Investments
- $0.0
- Employees
- 1,147
- 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 05/2022, Southwest Baptist University employed 1,147 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SBU PROVIDES UNDERGRADUATE & 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:
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 |
|---|---|---|---|
Lee Skinkle Provost | Officer | 40 | $124,394 |
Brad Johnson VP Univ Relations/interim Pres | Officer | 40 | $116,992 |
Josh Layman Prof/chair Of Physical Therapy | 40 | $113,697 | |
Tara Parson VP Of Administration | Officer | 40 | $110,853 |
Richard Melson President Beg 08/21 | Officer | 40 | $51,697 |
Cheryl Mayfield Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Software | 5/30/22 | $481,542 |
Laerdal Medical Corporation Training Software | 5/30/22 | $221,771 |
Gold Mechanical Inc Hvac | 5/30/22 | $254,827 |
Fresh Ideas Food Management Food Service | 5/30/22 | $1,400,730 |
Ebsco Industries Inc Electronic Library | 5/30/22 | $222,422 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southwest Baptist University has recieved totaling $15,655.
| Awarding Organization | Amount |
|---|---|
Miles Memorial Fund Trust Bolivar, MO PURPOSE: PROVIDE CHRISTIAN EDUCATION | $12,905 |
Bour Memorial Scholarship Fund 10-00024-00 Dallas, TX PURPOSE: SCHOLARSHIP FOR BOOKS & | $2,750 |
Endowment Analysis
| Beg. Balance | $39,650,697 |
| Earnings | -$2,553,367 |
| Net Contributions | $921,227 |
| Grants | $1,254,214 |
| Ending Balance | $36,764,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harding University Searcy, AR | $405,616,863 | $135,462,423 |
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
National-Louis University Wheeling, IL | $128,972,894 | $126,590,535 |
Oklahoma City University Oklahoma City, OK | $362,717,659 | $109,214,951 |
Saint Xavier University Chicago, IL | $126,945,077 | $117,823,501 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
Dominican University River Forest, IL | $154,609,403 | $111,703,155 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
Benedictine University Lisle, IL | $178,325,344 | $99,425,882 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |