Oral Roberts University
- Assets
- $267.5m
- Revenue
- $191.9m
- Investments
- $0.0
- Employees
- 2,036
- Location
- Tulsa, OK
- Founding
- 01/1964
- Data as of
- 04/2022
- EIN
- 73-0739626
Organization Overview
Oral Roberts University is located in Tulsa, OK. The organization was established in 1964. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 04/2022, Oral Roberts University employed 2,036 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oral Roberts 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 04/2022, Oral Roberts University generated $191.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $146.1m during the year ending 04/2022. While expenses have increased by 2.3% 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.
Since 2018, Oral Roberts University has awarded 18 individual grants totaling $333,859. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP HOLY SPIRIT-EMPOWERED LEADERS THROUGH WHOLE PERSON EDUCATION TO IMPACT THE WORLD, THEREBY PREPARING ITS GRADUATES TO BE PROFESSIONALLY COMPETENT SERVANT-LEADERS WHO ARE SPIRITUALLY ALIVE, INTELLECTUALLY ALERT, PHYSICALLY DISCIPLINED, AND SOCIALLY ADEPT.
Describe the Organization's Program Activity:
INSTRUCTION AND ACADEMIC SUPPORT - INSTRUCT AND PROVIDE ACADEMIC SUPPORT TO OVER 4,000 STUDENTS.STUDENT SERVICES, SCHOLARSHIPS, AND GRANTS - EASE THE ADMINISTRATIVE AND FINANCIAL BURDEN OF STUDENTS' EDUCATION.
AUXILIARY ENTERPRISES - COSTS INCURRED TO PROVIDE ROOM AND BOARD AND OTHER AUXILIARY SERVICES TO THE STUDENT RESIDENT POPULATION.
PUBLIC SERVICE - COSTS INCURRED TO FACILITATE WEEKLY COMMUNITY OUTREACH, ANNUAL DOMESTIC AND INTERNATIONAL MISSION TRIPS, AND OTHER PUBLIC SERVICE OPPORTUNITIES
GOLDEN EAGLE BROADCASTING AMERICA - COSTS TO BROADCAST TELEVISION PROGRAMMING THAT SEEKS TO EQUIP, EMPOWER, AND EDUCATE THROUGH SPIRIT-EMPOWERED EDU-TAINMENT THAT WILL HELP VIEWERS TO LIVE WELL - SPIRIT, MIND, AND BODY.RESEARCH - COSTS INCLURRED TO CONDUCT BIOMEDICAL, ACADEMIC, AND OTHER RELATED RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Wilson President | Officer | 40 | $459,563 |
Paul Mills Men's Head Basketball Coach | 40 | $320,377 | |
R Michael Carter VP Of Development/alumni | 40 | $253,414 | |
Neal Stenzel Assistant Treasurer/cfo | Officer | 40 | $241,776 |
Timothy Philley Chief Operating Officer | Officer | 40 | $234,170 |
Kathaleen Reid-Martinez Provost/chief Academic Officer | Officer | 40 | $177,119 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Global Inc Marketing Services | 4/29/22 | $1,010,471 |
Sodexo Inc Management And Food Services | 4/29/22 | $6,176,014 |
Ksq Architects Pc Architecture Services | 4/29/22 | $1,861,653 |
Thompson Construction Construction Services | 4/29/22 | $2,850,155 |
Robinson Glass Installation Services | 4/29/22 | $697,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,678 |
| Related organizations | $748,245 |
| Government grants | $9,396,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,163,084 |
| Noncash contributions included in lines 1a–1f | $1,839,469 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,395,074 |
| Total Program Service Revenue | $120,038,832 |
| Investment income | $1,653,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $308,098 |
| Net Rental Income | $1,340,984 |
| Net Gain/Loss on Asset Sales | $3,901,398 |
| Net Income from Fundraising Events | -$44,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,939,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,635 |
| Grants and other assistance to domestic individuals. | $53,091,728 |
| Grants and other assistance to Foreign Orgs/Individuals | $447,697 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,524,331 |
| Compensation of current officers, directors, key employees. | $979,566 |
| Compensation to disqualified persons | $192,865 |
| Other salaries and wages | $37,539,819 |
| Pension plan accruals and contributions | $545,234 |
| Other employee benefits | $5,328,563 |
| Payroll taxes | $2,600,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $517,517 |
| Fees for services: Accounting | $158,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $87,120 |
| Fees for services: Other | $11,051,471 |
| Advertising and promotion | $1,545,788 |
| Office expenses | $4,890,850 |
| Information technology | $2,847,976 |
| Royalties | $0 |
| Occupancy | $2,456,197 |
| Travel | $3,001,522 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $537,805 |
| Interest | $156,752 |
| Payments to affiliates | $96,656 |
| Depreciation, depletion, and amortization | $7,735,759 |
| Insurance | $1,593,500 |
| All other expenses | $65,084 |
| Total functional expenses | $146,055,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,543 |
| Savings and temporary cash investments | $98,827,497 |
| Pledges and grants receivable | $2,227,816 |
| Accounts receivable, net | $2,908,600 |
| 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 | $3,760,670 |
| Net Land, buildings, and equipment | $126,155,192 |
| Investments—publicly traded securities | $13,296,623 |
| Investments—other securities | $0 |
| Investments—program-related | $15,161,031 |
| Intangible assets | $0 |
| Other assets | $4,491,857 |
| Total assets | $267,470,829 |
| Accounts payable and accrued expenses | $25,959,507 |
| Grants payable | $0 |
| Deferred revenue | $3,123,999 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $46,963 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,308,279 |
| Total liabilities | $44,438,748 |
| Net assets without donor restrictions | $88,832,162 |
| Net assets with donor restrictions | $134,199,919 |
| 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 | $267,470,829 |
Grants Awarded
Over the last fiscal year, Oral Roberts University has awarded $24,171 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Ana, CA PURPOSE: FIGHT HUMAN TRAFFICKING | $10,000 |
Tulsa, OK PURPOSE: COMMUNITY SUPPORT | $8,200 |
Springfield, MO PURPOSE: AID AFGHAN REFUGEES IN US | $5,971 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oral Roberts University has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
C & G Emanuel Charitable Foundation Tulsa, OK PURPOSE: GENERAL USE CONTRIBUTION, NO STIPULATIONS | $20,000 |
Endowment Analysis
| Beg. Balance | $51,305,800 |
| Earnings | $1,220,536 |
| Admin Expense | $47,527 |
| Net Contributions | $625,533 |
| Other Expense | $1,036,259 |
| Grants | $1,007,991 |
| Ending Balance | $51,060,092 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
University Of Denver Denver, CO | $1,851,080,134 | $716,746,092 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Colorado College Th Colorado Springs, CO | $1,436,368,887 | $272,135,370 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
St Marys University Of San Antonio San Antonio, TX | $377,035,263 | $162,157,507 |
Lindenwood College St Charles, MO | $462,352,916 | $128,444,522 |