Southern Nazarene University
- Assets
- $123.0m
- Revenue
- $68.2m
- Investments
- $0.0
- Employees
- 1,124
- Location
- Bethany, OK
- Founding
- 07/1959
- Data as of
- 06/2021
- EIN
- 73-0587210
Organization Overview
Southern Nazarene University is located in Bethany, OK. The organization was established in 1959. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Southern Nazarene University employed 1,124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Nazarene 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 06/2021, Southern Nazarene University generated $68.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $63.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE CHRISTLIKE DISCIPLES THROUGH HIGHER EDUCATION IN CHRIST-CENTERED COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN NAZARENE UNIVERSITY IS A PRIVATE, CHRISTIAN, FULLY ACCREDITED LIBERAL ARTS UNIVERSITY OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS 2 ASSOCIATE PROGRAMS, 53 BACCALAUREATE PROGRAMS, 12 MASTERS PROGRAMS, AND 1 DOCTORAL PROGRAM. DURING THE PAST FISCAL YEAR, MORE THAN 2,800 STUDENTS WERE SERVED WITH 673 STUDENTS EARNING DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Keith Newman University President | OfficerTrustee | 40 | $215,892 |
Ryan Amey Board Member | Trustee | 1 | $0 |
Greg Armstrong Board Member | Trustee | 1 | $0 |
Heidi Babin Board Member | Trustee | 1 | $0 |
Tim Brown Board Member | Trustee | 1 | $0 |
Josie Busby Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Streets Llc Construction | 6/29/22 | $447,291 |
Certified Commercial Restoration Construction | 6/29/22 | $356,706 |
Richard Stipes Construction | 6/29/22 | $241,861 |
Burgess Building Company Construction | 6/29/22 | $119,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,422,815 |
| Investment income | $266,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,602 |
| Net Gain/Loss on Asset Sales | $272 |
| Net Income from Fundraising Events | $14,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,249,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $16,012,790 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,679,336 |
| Pension plan accruals and contributions | $402,209 |
| Other employee benefits | $3,574,913 |
| Payroll taxes | $1,221,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,828 |
| Fees for services: Accounting | $71,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,595 |
| Fees for services: Other | $3,420,471 |
| Advertising and promotion | $1,108,759 |
| Office expenses | $2,629,631 |
| Information technology | $43,940 |
| Royalties | $0 |
| Occupancy | $1,257,258 |
| Travel | $558,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,089 |
| Interest | $2,914,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,303,604 |
| Insurance | $770,784 |
| All other expenses | $0 |
| Total functional expenses | $63,507,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,391,020 |
| Savings and temporary cash investments | $4,282,326 |
| Pledges and grants receivable | $192,547 |
| Accounts receivable, net | $1,469,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $426,850 |
| Investments—publicly traded securities | $27,282,974 |
| Investments—other securities | $0 |
| Investments—program-related | $1,229,639 |
| Intangible assets | $0 |
| Other assets | $74,361 |
| Total assets | $123,009,250 |
| Accounts payable and accrued expenses | $2,892,888 |
| Grants payable | $0 |
| Deferred revenue | $1,900,913 |
| Tax-exempt bond liabilities | $11,032,482 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,326,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,963,111 |
| Total liabilities | $55,116,220 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $67,893,030 |