Oklahoma Wesleyan University
- Assets
- $44.4m
- Revenue
- $31.3m
- Investments
- $535.1k
- Employees
- 555
- Location
- Bartlesville, OK
- Founding
- 05/1970
- Data as of
- 06/2022
- EIN
- 73-6085616
Organization Overview
Oklahoma Wesleyan University is located in Bartlesville, OK. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Oklahoma Wesleyan University employed 555 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Oklahoma Wesleyan 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 06/2022, Oklahoma Wesleyan University generated $31.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $29.0m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN EDUCATION OF STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY EDUCATED 742 STUDENTS IN THE FALL SEMESTER, AND 655 STUDENTS IN THE SPRING SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jim Dunn President | OfficerTrustee | 40 | $175,588 |
Mr Doug Wall Trustee | Trustee | 1 | $0 |
Mr Fran Gonzalez Trustee | Trustee | 1 | $0 |
Mrs Marla Adee Hoyer Trustee | Trustee | 1 | $0 |
Dr Abel Ledezma Trustee | Trustee | 1 | $0 |
Dr Yorton Clark Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Campus Food Service | 6/29/22 | $1,098,828 |
Jenzabar Education Software | 6/29/22 | $665,650 |
Superior Turnkey Solutions Group Computer Infrastructure | 6/29/22 | $383,449 |
Earnest Heating & Air Conditioning Heating & Cooling Service | 6/29/22 | $278,021 |
Smg Digital Software Support | 6/29/22 | $509,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,204 |
| Related organizations | $1,342,736 |
| Government grants | $4,200,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,637,974 |
| Noncash contributions included in lines 1a–1f | $16,173 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,228,251 |
| Total Program Service Revenue | $23,101,933 |
| Investment income | $180,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,365 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $515,266 |
| Net Income from Fundraising Events | -$7,196 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $37,575 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,288,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,539,537 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,574,756 |
| Compensation of current officers, directors, key employees. | $590,971 |
| Compensation to disqualified persons | $219,633 |
| Other salaries and wages | $6,475,021 |
| Pension plan accruals and contributions | $174,618 |
| Other employee benefits | $1,993,053 |
| Payroll taxes | $524,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,393 |
| Fees for services: Other | $1,199,643 |
| Advertising and promotion | $939,131 |
| Office expenses | $101,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,104,651 |
| Travel | $512,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,824,267 |
| Insurance | $493,294 |
| All other expenses | $0 |
| Total functional expenses | $28,961,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,153,952 |
| Pledges and grants receivable | $3,331,066 |
| Accounts receivable, net | $642,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,673 |
| Prepaid expenses and deferred charges | $778,191 |
| Net Land, buildings, and equipment | $25,258,686 |
| Investments—publicly traded securities | $8,507,220 |
| Investments—other securities | $535,107 |
| Investments—program-related | $113,600 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,361,815 |
| Accounts payable and accrued expenses | $1,759,458 |
| Grants payable | $0 |
| Deferred revenue | $122,428 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $143,000 |
| Other liabilities | $125,123 |
| Total liabilities | $2,150,009 |
| Net assets without donor restrictions | $32,596,991 |
| Net assets with donor restrictions | $9,614,815 |
| 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 | $44,361,815 |