Mid-America Christian University Inc
- Assets
- $47.0m
- Revenue
- $32.5m
- Investments
- $0.0
- Employees
- 580
- Location
- Oklahoma City, OK
- Founding
- 05/2019
- Data as of
- 05/2022
- EIN
- 74-1196134
Organization Overview
Mid-America Christian University Inc is located in Oklahoma City, OK. The organization was established in 2019. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Mid-America Christian University Inc employed 580 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-America Christian University Inc 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 05/2022, Mid-America Christian University Inc generated $32.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $30.4m during the year ending 05/2022. While expenses have increased by 2.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MID-AMERICA CHRISTIAN UNIVERSITY PREPARES STUDENTS THROUGH A WESLEYAN PERSPECTIVE TO CREATE, COLLABORATE, AND INNOVATE TO SOLVE LOCAL AND GLOBAL PROBLEMS FOR...(CONT'D ON SCH. O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTION OF HIGHER EDUCATION TEACHING AND SERVING WITH BIBLICAL FOUNDATIONS THE UNIVERSITY EXISTS TO EQUIP STUDENTS TO GROW SPIRITUALLY AND INTELLECTUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Greenwald President Start: 06/2022 | Officer | 50 | $129,542 |
Kristin Jasper CPA CFO | Officer | 50 | $115,736 |
Dr Bobbie Spurgeon-Harris Exec. Vice President | Officer | 50 | $113,429 |
Jody Allen Cio & COO | Officer | 50 | $99,986 |
Dr John Fozard Chancellor Start: 6/2022 | Officer | 50 | $69,191 |
Dr Leon Desecottier Professor | 50 | $120,434 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Internet Services | 5/30/23 | $237,940 |
Performance Solutions Consulting Gr Business Management | 5/30/23 | $359,896 |
Jenzabar Inc Software Services | 5/30/23 | $138,384 |
Pioneer College Caterers Catering/food Servic | 5/30/23 | $803,177 |
Lasco Acoustics And Drywall Okc Llc Construction | 5/30/23 | $245,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $168,732 |
| Related organizations | $0 |
| Government grants | $5,644,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,609,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,422,584 |
| Total Program Service Revenue | $24,117,608 |
| Investment income | $118,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,223 |
| Net Rental Income | $16,203 |
| Net Gain/Loss on Asset Sales | -$121,544 |
| Net Income from Fundraising Events | -$33,891 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,904 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,546,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,993,376 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $692,208 |
| Compensation of current officers, directors, key employees. | $190,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,948,438 |
| Pension plan accruals and contributions | $228,122 |
| Other employee benefits | $778,990 |
| Payroll taxes | $717,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,485 |
| Fees for services: Accounting | $63,440 |
| Fees for services: Lobbying | $16,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,291,239 |
| Advertising and promotion | $627,383 |
| Office expenses | $265,971 |
| Information technology | $623,923 |
| Royalties | $0 |
| Occupancy | $1,022,854 |
| Travel | $323,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,449 |
| Interest | $150,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,381,539 |
| Insurance | $324,312 |
| All other expenses | $424,488 |
| Total functional expenses | $30,367,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,458,586 |
| Savings and temporary cash investments | $7,444,578 |
| Pledges and grants receivable | $1,926 |
| Accounts receivable, net | $3,666,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,929 |
| Inventories for sale or use | $77,501 |
| Prepaid expenses and deferred charges | $439,413 |
| Net Land, buildings, and equipment | $24,572,297 |
| Investments—publicly traded securities | $4,770,313 |
| Investments—other securities | $0 |
| Investments—program-related | $435,459 |
| Intangible assets | $22,421 |
| Other assets | $26,267 |
| Total assets | $46,962,121 |
| Accounts payable and accrued expenses | $1,742,828 |
| Grants payable | $0 |
| Deferred revenue | $1,589,399 |
| 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 | $5,135,713 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,577 |
| Total liabilities | $8,480,517 |
| Net assets without donor restrictions | $33,293,436 |
| Net assets with donor restrictions | $5,188,168 |
| 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 | $46,962,121 |