University Of Tulsa
- Assets
- $1.5b
- Revenue
- $292.1m
- Investments
- $299.3m
- Employees
- 3,265
- Location
- Tulsa, OK
- Founding
- 11/1945
- Data as of
- 06/2020
- EIN
- 73-0579298
Organization Overview
University Of Tulsa is located in Tulsa, OK. The organization was established in 1945. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2020, University Of Tulsa employed 3,265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, University Of Tulsa generated $292.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $305.2m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF TULSA IS A PRIVATE,INDEPENDENT DOCTORAL-DEGREE-GRANTING INSTITUTION WHOSE MISSION REFLECTS THESE CORE VALUES: (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - THE UNIVERSITY SERVED APPROXIMATELY 3,300 UNDERGRADUATE AND 1,100 GRADUATE STUDENTS IN FISCAL YEAR ENDING JUNE 30, 2020. THIS CATEGORY INCLUDES DIRECT INSTRUCTION COSTS AS WELL AS HOUSING, DINING, STUDENT SERVICES, ATHLETICS, AUXILIARY ACTIVITIES, AND STUDENT AID. IT ALSO INCLUDES THE PORTION OF PLANT MAINTENANCE RELATED TO EDUCATION ACTIVITIES.
PUBLIC SERVICE - THIS ITEM INCLUDES 2 PUBLIC RADIO STATIONS, A SPEECH AND HEARING CLINIC, AND SEVERAL ACADEMIC JOURNALS. IT ALSO INCLUDES A PORTION OF PLANT MAINTENANCE RELATED TO PUBLIC SERVICE ACTIVITIES.
RESEARCH - THE INSTITUTION RECEIVES GRANTS FROM FEDERAL, STATE, AND LOCAL AGENCIES AS WELL AS FROM THE PRIVATE SECTOR. THE MAJOR PORTION OF THE INSTITUTION'S RESEARCH IS IN THE FIELDS OF PETROLEUM AND CHEMICAL ENGINEERING. IT ALSO INCLUDES A PORTION OF PLANT AND MAINTENANCE RELATED TO RESEARCH ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Montgomery Head Football Coach | 40 | $1,754,654 | |
Frank Haith Head Basketball Coach | 40 | $1,597,565 | |
Gerard Clancy Trustee/president | OfficerTrustee | 40 | $671,224 |
Derrick Gragg VP And Director Of Athletics | Officer | 40 | $450,497 |
Janet Levit Provost And VP Academic Affair | OfficerTrustee | 40 | $346,481 |
Kevan Buck VP Business & Finance & Treas. | Officer | 40 | $343,524 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Witt Fiala Flannery And Associates Grounds & Janitorial | 6/29/20 | $2,757,365 |
Phillips Gomez Inc Consulting Engineers | 6/29/20 | $591,219 |
Investure Llc Investment Mgmt | 6/29/20 | $3,150,419 |
Eab Global Inc Enrollment Services | 6/29/20 | $839,384 |
Platinum Mechanical Llc Hvac Contractor | 6/29/20 | $352,942 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,262 |
| Related organizations | $0 |
| Government grants | $2,165,329 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,291,977 |
| Noncash contributions included in lines 1a–1f | $2,993,774 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,601,568 |
| Total Program Service Revenue | $211,646,944 |
| Investment income | $3,477,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,091 |
| Net Rental Income | $51,094 |
| Net Gain/Loss on Asset Sales | $18,835,822 |
| Net Income from Fundraising Events | -$62,597 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,120,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $106,433,919 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,728,323 |
| Compensation of current officers, directors, key employees. | $2,262,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,380,619 |
| Pension plan accruals and contributions | $6,464,982 |
| Other employee benefits | $17,181,227 |
| Payroll taxes | $6,217,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $554,054 |
| Fees for services: Accounting | $254,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $61,129 |
| Fees for services: Investment Management | $2,820,808 |
| Fees for services: Other | $13,385,610 |
| Advertising and promotion | $270,763 |
| Office expenses | $14,142,756 |
| Information technology | $2,332,725 |
| Royalties | $3,219 |
| Occupancy | $4,576,104 |
| Travel | $5,320,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,152,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,169,504 |
| Insurance | $2,607,390 |
| All other expenses | $17,158 |
| Total functional expenses | $305,172,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,043,122 |
| Savings and temporary cash investments | $1,615,898 |
| Pledges and grants receivable | $14,447,518 |
| Accounts receivable, net | $19,089,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,470,566 |
| Inventories for sale or use | $255,606 |
| Prepaid expenses and deferred charges | $2,578,391 |
| Net Land, buildings, and equipment | $364,131,882 |
| Investments—publicly traded securities | $183,221,182 |
| Investments—other securities | $299,279,387 |
| Investments—program-related | $3,252,638 |
| Intangible assets | $0 |
| Other assets | $567,303,635 |
| Total assets | $1,474,689,627 |
| Accounts payable and accrued expenses | $23,868,476 |
| Grants payable | $5,787,435 |
| Deferred revenue | $12,807,670 |
| Tax-exempt bond liabilities | $111,353,548 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,338,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,500,189 |
| Total liabilities | $180,655,900 |
| Net assets without donor restrictions | $188,986,306 |
| Net assets with donor restrictions | $1,105,047,421 |
| 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 | $1,474,689,627 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that University Of Tulsa has recieved totaling $11,400,433.
| Awarding Organization | Amount |
|---|---|
Maxine And Jack Zarrow Family Foundation Tulsa, OK PURPOSE: ENDOWMENT CAMPAIGN FOR THE MAINTENANCE AND OPERATIONS OF THE NEW ADDITION TO GILCREASE MUSEUM | $3,500,000 |
Maxine And Jack Zarrow Family Foundation Tulsa, OK PURPOSE: ENDOWMENT CAMPAIGN FOR THE MAINTENANCE AND OPERATIONS OF THE NEW ADDITION TO GILCREASE MUSEUM | $3,500,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: THE CAMPAIGN FOR GILCREASE | $2,000,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: THE CAMPAIGN FOR GILCREASE | $1,000,000 |
Maxine And Jack Zarrow Family Foundation Tulsa, OK PURPOSE: ENDOWMENT CAMPAIGN FOR THE MAINTENANCE AND OPERATIONS OF THE NEW ADDITION TO GILCREASE MUSEUM | $500,000 |
Maxine And Jack Zarrow Family Foundation Tulsa, OK PURPOSE: ENDOWMENT CAMPAIGN FOR THE MAINTENANCE AND OPERATIONS OF THE NEW ADDITION TO GILCREASE MUSEUM | $500,000 |
Endowment Analysis
| Beg. Balance | $536,383,150 |
| Earnings | $6,803,602 |
| Admin Expense | $2,820,808 |
| Net Contributions | $10,198,952 |
| Other Expense | $43,544,506 |
| Ending Balance | $507,020,390 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Tulsa Tulsa, OK | $1,474,689,627 | $292,120,959 |
University Of Dallas Irving, TX | $173,302,623 | $97,994,790 |
Southwestern University Georgetown, TX | $460,999,765 | $118,250,990 |
College Of The Ozarks Point Lookout, MO | $665,049,761 | $97,681,730 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Hendrix College Conway, AR | $295,762,226 | $79,351,340 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $191,842,242 | $81,419,258 |
Oklahoma Baptist University Shawnee, OK | $254,941,936 | $100,424,858 |
Ouachita Baptist University Arkadelphia, AR | $232,509,280 | $78,953,450 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Oklahoma Christian University Inc Oklahoma City, OK | $126,267,735 | $64,700,335 |