A Christian Liberal Arts University.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 37 volunteers and 1,043 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $12.6M a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $197.5M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $197.5M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $1.4M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$27.2M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76.0M
-21% vs prior year
Spent
$78.9M
To programs
87%
Net assets
$309.4M
By yearFY2020–FY2025
Revenue
$76.0M
FY2025▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$100.4M
FY2021$81.0M
FY2022$82.5M
FY2023$87.9M
FY2024$96.6M
FY2025$76.0M
Expenses
$78.9M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$73.6M
FY2021$73.1M
FY2022$70.9M
FY2023$77.9M
FY2024$74.7M
FY2025$78.9M
Net assets
$309.4M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$221.0M
FY2021$258.2M
FY2022$271.1M
FY2023$281.9M
FY2024$302.2M
FY2025$309.4M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1956.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $68.9M Management & general 11% · $8.4M Fundraising 2% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

44 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$206,550Pt VII · Sec A
Co-Provost, Dean of Theology, Arts & Humanities
$162,319Pt VII · Sec A
CFO/EVP Bus. & Admin Svcs
$151,668Pt VII · Sec A
Co-Provost, Dean of Business, Health, Science & Ed
$145,238Pt VII · Sec A
Director of Engineering, Assoc Prof of Engineering
$143,320Pt VII · Sec A
Vice President of Advancement
$137,110Pt VII · Sec A
Vice President of Technology & Digital Innovation
$124,156Pt VII · Sec A
Vice-Chairman (part Year)/Chairman
$2,700Pt VII · Sec A

Heath Thomas’s $207K as President is at the 39th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Whitlock————$234,641$202,513
Heath Thomas$206,550$222,107$193,018———
Dr Heath Thomas———$192,526$193,370$77,222
Susan Dewoody———$154,459$184,850$147,427
Matthew Emerson$162,319$158,419$123,616$118,350$110,967—
Randy L Smith———$152,574$153,490$155,731
Randy Smith$151,668$154,228$153,165———
Larinee Dennis$145,238$150,072$127,787———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Oklahoma Baptist University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a Christian liberal arts education alongside residential housing, dining services, and campus amenities for approximately 1,600 enrolled students.

Questions for Oklahoma Baptist University

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Provided by the organization

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3 programs · $68.9M · in their own filed words · FY2024
01

Academic Instruction

Oklahoma baptist university offers over 80 undergraduate academic major fields of study, with pre-professional degrees in several areas. The academic offerings are operated through schools and divisions: theology and ministry, science and mathematics, behavioral and social science, business, education, exercise science, sports and…

$46.3Mprogram expense
02

Student Services

Oklahoma baptist university provides a range of services to students, including health services, career planning and placement, counseling, financial aid, athletic opportunities through 13 sporting teams, an extensive intramural and club sports program, campus activities, a university concert series, and an array of campus ministry…

$12.5Mprogram expense
03

Auxiliary Enterprises

Oklahoma baptist university operates residential facilities for approximately 960 of the university's approximately 1,600 enrolled students. Campus dining, including catering services, is provided through chartwell's, a compass group company. The university's bookstore is operated by slingshot.

$10.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$1.4M
See all 3 funders →
Grants paid · 9 grants · $169.7M · 2019–2024
Unitemized GrantFY2024$28,608,561
Unitemized GrantFY2023$26,698,942
Unitemized GrantFY2022$25,029,075
Unitemized GrantFY2021$25,959,557
Unitemized GrantFY2021$2,649,395
Unitemized GrantFY2020$29,256,753
Unitemized GrantFY2020$984,832
Unitemized GrantFY2019$29,531,134
Unitemized GrantFY2019$949,306

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$76.0M
Ln 12
Fees for servicesLn 2g$57.6M
Gifts and grantsLn 1h$8.5M
Investment incomeLn 3$8.3M
Money outPt IX
$78.9M
Ln 25
Programscol B$68.9M
Managementcol C$8.4M
Fundraisingcol D$1.5M
Owns and owesPt X
$309.4M
net assets · Ln 32
Cash and savingsLn 1–2$954K
Total assetsLn 16$336.6M
LiabilitiesLn 26$27.2M
PeoplePt VI, VII
44
listed · VII A
PaidVII A8
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.5M
Government grantsLn 1e$948K
Noncash giftsLn 1g$3K
Fundraising eventsLn 1c$380K
Fees for servicesLn 2g$57.6M
Investment incomeLn 3$8.3M
Other incomeLn 4–11$1.7M
Gains on assetsLn 7−$641K
Total revenueLn 12$76.0M
Assets in detailPt X, end of year
CashLn 1$192K
SavingsLn 2$761K
Cash and savings togetherLn 1–2$954K
InvestmentsLn 11–13$197.5M
Land, buildings, equipmentLn 10c$133.7M
Other assetsLn 15$0
Total assetsLn 16$336.6M
LiabilitiesLn 26$27.2M
Net assetsLn 32$309.4M
OperationsPt I, VI
EmployeesI 51,043
VolunteersI 637
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.3M$954K
InvestmentsLn 11–13$205.6M$197.5M
Land, buildings, equipmentLn 10c$110.5M$133.7M
Total assetsLn 16$326.6M$336.6M
LiabilitiesLn 26$24.5M$27.2M
Net assetsLn 32$302.2M$309.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$28.6M$28.6M
Pay of current officers, directors and key staffLn 5$446K$446K
Pay of disqualified personsLn 6$34K$34K
Other salaries and wagesLn 7$19.6M$16.1M$2.8M$694K
Pension plan contributionsLn 8$520K$407K$98K$15K
Other employee benefitsLn 9$2.6M$1.6M$951K$66K
Payroll taxesLn 10$1.4M$1.0M$330K$38K
Legal feesLn 11b$49K$114$49K
Accounting feesLn 11c$101K$101K
Professional fundraising feesLn 11e$116K$116K
Investment management feesLn 11f$29K$29K$19
Other fees for servicesLn 11g$2.5M$2.1M$100K$248K
Advertising and promotionLn 12$1.4M$559K$788K$9K
Office expensesLn 13$2.0M$1.5M$464K$65K
Information technologyLn 14$1.3M$572K$670K$73K
OccupancyLn 16$5.2M$5.2M$32K$23K
TravelLn 17$1.4M$1.2M$202K$11K
Conferences, conventions and meetingsLn 19$200K$163K$31K$6K
InterestLn 20$617K$552K$65K
Depreciation, depletion and amortizationLn 22$4.2M$4.1M$97K$21K
InsuranceLn 23$279K$255K$24K
Other expenses (24a–d)Ln 24$5.7M$4.5M$1.1M$89K
All other expensesLn 24e$584K$558K$23K$3K
Total functional expensesLn 25$78.9M$68.9M$8.4M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $76.0M$78.9M−$2.8M$309.4M 990 PDF
FY2024 $96.6M$74.7M$21.9M$302.2M 990 PDF
FY2023 $87.9M$77.9M$10.0M$281.9M 990 PDF
FY2022 $82.5M$70.9M$11.6M$271.1M 990 PDF
FY2021 $81.0M$73.1M$7.8M$258.2M 990 PDF
FY2020 $100.4M$73.6M$26.8M$221.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $76,025,660 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,182,199$8,499,648
I-9 Program service revenuePrior year $51,770,828$57,584,390
I-10 Investment incomePrior year −$2,063,210$8,278,793
I-11 Other revenuePrior year $28,686,523$1,662,829
I-12 Total revenuePrior year $96,576,340$76,025,660
I-13 Grants and similar amounts paidPrior year $26,698,942$28,608,561
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,591,491$24,633,276
I-16a Professional fundraising feesPrior year $163,242$116,271
I-17 Other expensesPrior year $25,209,081$25,505,954
I-18 Total expensesPrior year $74,662,756$78,864,062
I-19 Revenue less expensesPrior year $21,913,584−$2,838,402
Part VI · Governance 31 of 31 board members independent, no flags
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $76,025,660 across 14 lines filed
Lines not itemized here account for $458,036 of total revenue; see the IRS return.
VIII-1c Fundraising events$380,425
VIII-1d Related organizations$3,982,970
VIII-1e Government grants$947,958
VIII-1f All other contributions, gifts and grants$3,188,295
VIII-1g Noncash contributions (included above)$3,250
VIII-1h Total contributions, gifts and grants$8,499,648
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,167,003 · Unrelated business −$40,649$57,126,354
VIII-3 Investment incomeExcluded from tax $8,920,029$8,920,029
VIII-5 RoyaltiesExcluded from tax $629,191$629,191
VIII-6 Net rental income or lossExcluded from tax −$18,593−$18,593
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$641,236−$641,236
VIII-8 Net income from fundraising eventsExcluded from tax −$162,959−$162,959
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,215,190$1,215,190
VIII-12 Total revenueRelated to mission $57,610,220 · Unrelated business −$25,830 · Excluded from tax $9,941,622$76,025,660
Part IX · Statement of functional expenses $78,864,062 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $28,608,561$28,608,561
IX-5 Pay of current officers, directors and key staffManagement $445,798$445,798
IX-6 Pay of disqualified personsManagement $33,911$33,911
IX-7 Other salaries and wagesPrograms $16,078,931 · Management $2,839,825 · Fundraising $694,077$19,612,833
IX-8 Pension plan contributionsPrograms $407,473 · Management $97,857 · Fundraising $14,761$520,091
IX-9 Other employee benefitsPrograms $1,626,737 · Management $951,271 · Fundraising $66,238$2,644,246
IX-10 Payroll taxesPrograms $1,008,073 · Management $330,410 · Fundraising $37,914$1,376,397
IX-11b Legal feesPrograms $114 · Management $49,383$49,497
IX-11c Accounting feesManagement $100,955$100,955
IX-11e Professional fundraising feesFundraising $116,271$116,271
IX-11f Investment management feesManagement $28,600 · Fundraising $19$28,619
IX-11g Other fees for servicesPrograms $2,103,992 · Management $99,943 · Fundraising $247,520$2,451,455
IX-12 Advertising and promotionPrograms $559,413 · Management $787,614 · Fundraising $9,317$1,356,344
IX-13 Office expensesPrograms $1,466,319 · Management $464,455 · Fundraising $65,114$1,995,888
IX-14 Information technologyPrograms $572,136 · Management $669,744 · Fundraising $72,582$1,314,462
IX-16 OccupancyPrograms $5,154,130 · Management $31,792 · Fundraising $23,202$5,209,124
IX-17 TravelPrograms $1,201,310 · Management $201,591 · Fundraising $10,877$1,413,778
IX-19 Conferences, conventions and meetingsPrograms $162,930 · Management $30,634 · Fundraising $6,148$199,712
IX-20 InterestPrograms $551,659 · Management $65,343$617,002
IX-22 Depreciation, depletion and amortizationPrograms $4,121,589 · Management $97,225 · Fundraising $21,485$4,240,299
IX-23 InsurancePrograms $255,408 · Fundraising $24,056$279,464
IX-24 Other expenses (24a–d)Programs $4,504,188 · Management $1,072,501 · Fundraising $89,098$5,665,787
IX-24e All other expensesPrograms $558,117 · Management $22,541 · Fundraising $2,910$583,568
IX-25 Total functional expensesPrograms $68,941,080 · Management $8,421,393 · Fundraising $1,501,589$78,864,062
Part X · Balance sheet $336,614,650 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $229,177$192,288
X-2 Savings and temporary cash investmentsStart of year $4,032,946$761,278
X-4 Accounts receivableStart of year $4,122,690$2,274,106
X-8 Inventories for sale or useStart of year $1,628$4,883
X-9 Prepaid expenses and deferred chargesStart of year $1,795,626$2,190,700
X-10c Land, buildings and equipment, netStart of year $110,511,839$133,699,797
X-11 Publicly traded securitiesStart of year $41,500,004$22,734,269
X-12 Other securitiesStart of year $164,131,530$174,757,329
X-15 Other assetsStart of year $299,838$0
X-16 Total assetsStart of year $326,628,425$336,614,650
X-17 Accounts payable and accrued expensesStart of year $2,446,096$7,521,474
X-19 Deferred revenueStart of year $1,698,083$2,091,815
X-20 Tax-exempt bond liabilitiesStart of year $16,191,456$14,145,613
X-25 Other liabilitiesStart of year $4,129,020$3,454,150
X-26 Total liabilitiesStart of year $24,464,655$27,213,052
X-27 Net assets without donor restrictionsStart of year $116,952,612$117,622,268
X-28 Net assets with donor restrictionsStart of year $185,211,158$191,779,330
X-32 Total net assets or fund balancesStart of year $302,163,770$309,401,598
X-33 Total liabilities and net assetsStart of year $326,628,425$336,614,650
Part XI · Reconciliation of net assets $309,401,598 net assets at year end
XI-1 Total revenue$76,025,660
XI-2 Total expenses$78,864,062
XI-3 Revenue less expenses−$2,838,402
XI-4 Net assets at start of year$302,163,770
XI-5 Net unrealized gains (losses) on investments$8,451,812
XI-9 Other changes in net assets$1,624,418
XI-10 Net assets at end of year$309,401,598

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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