Southern Nazarene University
- Assets
- $123.0m
- Revenue
- $68.2m
- Investments
- $0.0
- Employees
- 1,082
- 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 06/2021, Southern Nazarene University employed 1,082 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 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $63.5m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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 5 ASSOCIATE PROGRAMS 58 BACCALAUREATE PROGRAMS, 12 MASTERS PROGRAMS, AND 1 DOCTORAL PROGRAM. DURING THE PAST FISCAL YEAR 2,880 STUDENTS WERE SERVED WITH 667 STUDENTS EARNING DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Keith Newman University President | OfficerTrustee | 40 | $174,116 |
Dr Tim Eades Unversity Provost & Chief Academic Officer | 40 | $112,165 | |
Dr Scott Strawn VP For Business & Finance | Officer | 40 | $109,417 |
Dr Mike Redwine Executive Vice President | 40 | $101,121 | |
Greg Armstrong Board Member | Trustee | 1 | $0 |
Virgil Askren Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Streets Llc Construction | 6/29/21 | $257,216 |
Ricahrd Stipes Construction | 6/29/21 | $226,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,845 |
| Related organizations | $2,155,762 |
| Government grants | $8,575,057 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,683,151 |
| Noncash contributions included in lines 1a–1f | $327,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,422,815 |
| Total Program Service Revenue | $52,637,454 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $131,623 |
| 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 | $936,349 |
| 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 |
| Net Land, buildings, and equipment | $80,660,160 |
| 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 | $42,556,107 |
| Net assets with donor restrictions | $25,336,923 |
| 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 | $123,009,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Nazarene University has recieved totaling $1,723.
| Awarding Organization | Amount |
|---|---|
E J Yentzer Charitable Trust Dallas, TX PURPOSE: SUPPORT STUDENT SCHOLARSHIP | $1,723 |
Endowment Analysis
| Beg. Balance | $34,512,336 |
| Earnings | $11,964,278 |
| Net Contributions | $2,928,297 |
| Grants | $1,796,095 |
| Ending Balance | $47,608,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harding University Searcy, AR | $405,616,863 | $135,462,423 |
University Of Mary Hardin-Baylor Belton, TX | $347,893,430 | $125,812,163 |
Oklahoma City University Oklahoma City, OK | $362,717,659 | $109,214,951 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
University Of St Thomas Houston, TX | $283,234,320 | $105,820,865 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Texas Wesleyan University Fort Worth, TX | $187,144,342 | $108,798,845 |
Park University Parkville, MO | $196,638,780 | $102,110,275 |
Hardin-Simmons University Abilene, TX | $364,651,432 | $94,074,650 |
Austin College Sherman, TX | $297,085,241 | $79,413,708 |
Our Lady Of The Lake University Of San Antonio San Antonio, TX | $113,222,017 | $76,356,070 |
Concordia University Texas Austin, TX | $144,062,806 | $77,596,323 |