East Texas Baptist University
- Assets
- $165.9m
- Revenue
- $69.1m
- Investments
- $43.9m
- Employees
- 940
- Location
- Marshall, TX
- Founding
- 12/1964
- Data as of
- 05/2022
- EIN
- 75-0859801
Organization Overview
East Texas Baptist University is located in Marshall, TX. 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 05/2022, East Texas Baptist University employed 940 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Baptist 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 05/2022, East Texas Baptist University generated $69.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $62.8m during the year ending 05/2022. While expenses have increased by 7.0% 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
ETBU IS A CHRIST-CENTERED UNIVERSITY FOCUSED ON PREPARING STUDENTS TO BE CHRISTIAN LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST TEXAS BAPTIST UNIVERSITY IS A FULLY ACCREDITED INSTITUTION OF HIGHER EDUCATION, AND ITS SERVICE IS THE INSTRUCTION OF STUDENTS. THE MISSION OF THE UNIVERSITY IS TO EDUCATE STUDENTS BY INTEGRATING BIBLICAL FAITH AND LEARNING TO DEVELOP MIND, BODY, AND SOUL THROUGH COMMUNITY ENGAGEMENT TO PREPARE GRADUATES TO BE CHRISTIAN SERVANT LEADERS IN THEIR CALLING TO GOD AND HUMANITY. FOR THE FALL 2021 SEMESTER, THE UNIVERSITY ENROLLED 1,519 UNDERGRADUATE STUDENTS AND 169 GRADUATE STUDENTS. ETBU STUDENTS HAVE THE CHOICE OF STUDYING ONE OF 43 UNDERGRADUATE AND 11 GRADUATE PROGRAMS OFFERED THROUGH THE SCHOOLS OF BUSINESS, CHRISTIAN STUDIES, COMMUNICATION AND PERFORMING ARTS, HUMANITIES, EDUCATION, NATURAL AND SOCIAL SCIENCE, NURSING, AND PROFESSIONAL STUDIES. WITH A STUDENT-TO-FACULTY RATIO OF 15:1 AND AN AVERAGE CLASS SIZE OF 20, STUDENTS RECEIVE INDIVIDUALIZED INSTRUCTION TAUGHT THROUGH A CHRISTIAN WORLDVIEW AND VARIOUS OPPORTUNITIES TO APPLY COURSE CONTENT OUTSIDE OF THE CLASSROOM. DEDICATED FACULTY AND STAFF ARE HOLISTICALLY SHAPING ETBU TIGERS INTO CHRISTIAN SCHOLARS AND SERVANT LEADERS, EQUIPPING THE NEXT GENERATION TO SHARE THE GOSPEL OF CHRIST IN THEIR FUTURE VOCATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Blair Blackburn President | Officer | 40 | $511,737 |
Lee S Ferguson VP Fin. Affairs/cfo/treasu | Officer | 40 | $166,231 |
Dr Thomas Sanders Secretary | Officer | 40 | $162,580 |
Ryan Erwin VP For Athletics | 40 | $158,868 | |
Dr Scott Bryant VP For Advancement | 40 | $125,800 | |
Dr Colleen Halupa Dean Of Online Education | 40 | $115,924 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Foodservice | 5/30/22 | $3,165,934 |
Rvp Construction Inc Contractor | 5/30/22 | $878,073 |
Perry's Hometown Flooring Inc Contractor | 5/30/22 | $762,299 |
Service First Janitorial Janitorial Services | 5/30/22 | $605,206 |
Excel Commercial Paint Contractor | 5/30/22 | $1,057,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $512,962 |
| Government grants | $10,547,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,652,321 |
| Noncash contributions included in lines 1a–1f | $1,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,712,683 |
| Total Program Service Revenue | $44,107,232 |
| Investment income | $3,823,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,505,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,149,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,904,193 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,004,893 |
| Compensation of current officers, directors, key employees. | $138,049 |
| Compensation to disqualified persons | $52,005 |
| Other salaries and wages | $11,687,960 |
| Pension plan accruals and contributions | $827,185 |
| Other employee benefits | $2,826,832 |
| Payroll taxes | $1,049,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,575 |
| Fees for services: Accounting | $68,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $375,582 |
| Fees for services: Other | $5,264,111 |
| Advertising and promotion | $557,957 |
| Office expenses | $3,459,150 |
| Information technology | $349,745 |
| Royalties | $0 |
| Occupancy | $4,159,854 |
| Travel | $1,524,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $675,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,027,382 |
| Insurance | $632,436 |
| All other expenses | $0 |
| Total functional expenses | $62,820,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,517 |
| Savings and temporary cash investments | $880,217 |
| Pledges and grants receivable | $4,707,661 |
| Accounts receivable, net | $485,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,048,678 |
| Inventories for sale or use | $7,159 |
| Prepaid expenses and deferred charges | $272,156 |
| Net Land, buildings, and equipment | $73,781,534 |
| Investments—publicly traded securities | $27,969,988 |
| Investments—other securities | $43,906,791 |
| Investments—program-related | $707,723 |
| Intangible assets | $0 |
| Other assets | $12,003,456 |
| Total assets | $165,907,529 |
| Accounts payable and accrued expenses | $3,407,549 |
| Grants payable | $0 |
| Deferred revenue | $3,926,131 |
| 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 | $23,325,241 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,658,921 |
| Net assets without donor restrictions | $45,455,149 |
| Net assets with donor restrictions | $89,793,459 |
| 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 | $165,907,529 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that East Texas Baptist University has recieved totaling $690,411.
| Awarding Organization | Amount |
|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $175,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $102,500 |
East Texas Medical Center Regional Healthcare System Tyler, TX PURPOSE: COUNSELING PROGRAM | $100,000 |
Leroy & Merle Weir Trust Foundation San Antonio, TX PURPOSE: PUBLIC CHARITY | $68,750 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $40,000 |
Turney Foundation Marshall, TX PURPOSE: OPERATIONS | $39,490 |
Endowment Analysis
| Beg. Balance | $39,969,339 |
| Earnings | -$1,218,498 |
| Net Contributions | $1,551,361 |
| Grants | $2,214,291 |
| Ending Balance | $38,087,911 |
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 |
University Of St Thomas Houston, TX | $283,234,320 | $105,820,865 |
Texas Wesleyan University Fort Worth, TX | $187,144,342 | $108,798,845 |
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 |
Letourneau University Longview, TX | $118,292,663 | $66,156,893 |
Southern Nazarene University Bethany, OK | $123,009,250 | $68,249,636 |
East Texas Baptist University Marshall, TX | $165,907,529 | $69,149,691 |