Nonprofit · EIN 73-0579264
OKLAHOMA BAPTIST UNIVERSITY
Tax-exempt · SHAWNEE, OK 74804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $76,025,660 | $78,864,062 | -$2,838,402 | $336,614,650 | $27,213,052 | $309,401,598 |
| May 31, 2024 | 990 | $96,576,340 | $74,662,756 | $21,913,584 | $326,628,425 | $24,464,655 | $302,163,770 |
| May 31, 2023 | 990 | $87,876,338 | $77,857,878 | $10,018,460 | $314,549,066 | $32,647,645 | $281,901,421 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $8,499,648
- of which government grants
- $947,958
- Program service revenue
- $57,584,390
- Investment income
- $8,278,793
- Royalties
- $629,191
- Net rental income
- -$18,593
- Net gain from sales of assets
- -$641,236
- Net income from fundraising events
- -$162,959
- Other revenue
- $1,662,829
Expenses
- Grants and similar amounts paid
- $28,608,561
- Compensation of officers, directors and key employees
- $445,798
- Other salaries and wages
- $19,612,833
- Salaries, compensation and benefits (total)
- $24,633,276
- Professional fundraising fees
- $116,271
- Legal fees
- $49,497
- Accounting fees
- $100,955
- Occupancy
- $5,209,124
- Travel
- $1,413,778
- Depreciation
- $4,240,299
- Program services (functional)
- $68,941,080
- Management and general (functional)
- $8,421,393
- Fundraising (functional)
- $1,501,589
Balance sheet and other
- Total assets, start of year
- $326,628,425
- Total assets, end of year
- $336,614,650
- Total liabilities, end of year
- $27,213,052
- Net assets, end of year
- $309,401,598
- Land, buildings and equipment
- $133,699,797
- Publicly traded securities
- $22,734,269
- Net assets without donor restrictions
- $117,622,268
- Net assets with donor restrictions
- $191,779,330
- Gross unrelated business income
- -$25,830
- Gross receipts
- $110,517,093
- Employees
- 1,016
- Volunteers
- 37
- Year formed
- 1910
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATH THOMAS | PRESIDENT Officer | 50 | $206,550 | $70,432 |
| MATTHEW EMERSON | CO-PROVOST, DEAN OF THEOLOGY, ARTS & HUMANITIES Highest-paid employee | 50 | $162,319 | $23,649 |
| RANDY SMITH | CFO/EVP BUS. & ADMIN SVCS Officer | 50 | $151,668 | $21,447 |
| LARINEE DENNIS | CO-PROVOST, DEAN OF BUSINESS, HEALTH, SCIENCE & ED Highest-paid employee | 50 | $145,238 | $24,974 |
| CHARLES BAUKAL | DIRECTOR OF ENGINEERING, ASSOC PROF OF ENGINEERING Highest-paid employee | 50 | $143,320 | $18,184 |
| JOSHUA SHOFFNER | VICE PRESIDENT OF TECHNOLOGY & DIGITAL INNOVATION Highest-paid employee | 50 | $124,156 | $21,228 |
| TIMOTHY RASNIC | VICE PRESIDENT OF ADVANCEMENT Highest-paid employee | 50 | $137,110 | $6,287 |
| ROBERT MORRIS | VICE-CHAIRMAN (PART YEAR)/CHAIRMAN Trustee or director, Officer | 0.5 | $2,700 | $0 |
| BRYAN LARAMORE | TRUSTEE (PART YEAR)/VICE-CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MATT BROWN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| NICK ATYIA | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| ERIC COSTANZO | CHAIRMAN (PART YEAR) Trustee or director, Officer | 0.5 | $0 | $0 |
| AUBREY CHAPIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CALEB SCOTT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CHAD WILSIE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CINDY SCHMIDT | TRUSTEE Trustee or director | 0.5 | $0 |
| GLENETTE RUSSELL | TRUSTEE Trustee or director | 0.5 | $0 |
| JONATHAN PICKETT | TRUSTEE Trustee or director | 0.5 | $0 |
| JUSTIN SAMPLER | TRUSTEE Trustee or director | 0.5 | $0 |
| KARI JONES | TRUSTEE Trustee or director | 0.5 | $0 |
| KYLE LILLIE | TRUSTEE Trustee or director | 0.5 | $0 |
| LES LEDBETTER | TRUSTEE Trustee or director | 0.5 | $0 |
| MICHAEL CARTER | TRUSEE Trustee or director | 0.5 | $0 |
| RYAN ALDRICH | TRUSTEE Trustee or director | 0.5 | $0 |
| STEVE BAGWELL | TRUSTEE Trustee or director | 0.5 | $0 |
| STEVE HALL | TRUSTEE Trustee or director | 0.5 | $0 |
| BRYAN PAIN | TRUSTEE Trustee or director | 0.5 | $0 |
| STEVE WAECHTER | TRUSTEE Trustee or director | 0.5 | $0 |
| JOSHUA WELLS | TRUSTEE Trustee or director | 0.5 | $0 |
| RANDY BUTLER | TRUSTEE Trustee or director | 0.5 | $0 |
| MONTY HALE | TRUSTEE Trustee or director | 0.5 | $0 |
| KENT JAGGERS | TRUSTEE Trustee or director | 0.5 | $0 |
| JOHN HENRY | TRUSTEE Trustee or director | 0.5 | $0 |
| DANY DANIEL | TRUSTEE Trustee or director | 0.5 | $0 |
| TRE LANDRUM | TRUSTEE Trustee or director | 0.5 | $0 |
| JONATHAN BEAMES | TRUSTEE Trustee or director | 0.5 | $0 |
| TANNER BLOSSER | TRUSTEE Trustee or director | 0.5 | $0 |
| SARA HOLMES | TRUSTEE Trustee or director | 0.5 | $0 |
| TODD FISHER | TRUSTEE Trustee or director | 0.5 | $0 |
| SAM GARLOW | TRUSTEE (PART YEAR) Trustee or director | 0.5 | $0 |
| BRIAN WADDELL | TRUSTEE (PART YEAR) Trustee or director | 0.5 | $0 |
| JOHN LEE | TRUSTEE (PART YEAR) Trustee or director | 0.5 | $0 |
| LES MILLER | TRUSTEE (PART YEAR) Trustee or director | 0.5 | $0 |
| PENNY KLIMAS | TRUSTEE (PART YEAR) Trustee or director | 0.5 | $0 |
990 for the year ended May 31, 2024: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Heath Thomas | President Officer | 50 | $222,107 | $59,678 |
| Matthew Emerson | Co-Provost, Dean of Theology, Arts & Humanities Highest-paid employee | 50 | $158,419 | $21,005 |
| Randy Smith | CFO/EVP Bus. & Admin Svcs Officer | 50 | $154,228 | $22,757 |
| Larinee Dennis | Co-Provost, Dean of Business, Health, Science & Education Highest-paid employee | 50 | $150,072 | $22,950 |
| Charles Baukal | Director of Engineering, Assoc Prof of Engineering Highest-paid employee | 50 | $140,026 | $18,491 |
| Timothy Rasnic | Vice President of Advancement Highest-paid employee | 50 | $138,812 | $18,056 |
| Joshua Shoffner | Vice President of Technology & Digital Innovation Highest-paid employee | 50 | $129,761 | $20,700 |
| Robert Morris | Vice-Chairman Trustee or director, Officer | 0.5 | $2,700 | $0 |
| Eric Costanzo | Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Matt Brown | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Nick Atyia | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Owen Nease | Treasurer (Part Year) Trustee or director, Officer | 0.5 | $0 | $0 |
| Sam Garlow | Chairman (Part Year)/Trustee Trustee or director, Officer | 0.5 | $0 | $0 |
| Aubrey Chapin | Trustee Trustee or director | 0.5 | $0 | $0 |
| Brian Waddell | Trustee Trustee or director | 0.5 | $0 | $0 |
| Bryan Laramore | Trustee Trustee or director | 0.5 | $0 | $0 |
| Bryan Pain | Trustee Trustee or director | 0.5 | $0 | $0 |
| Caleb Scott | Trustee Trustee or director | 0.5 | $0 | $0 |
| Chad Wilsie | Trustee Trustee or director | 0.5 | $0 | $0 |
| Cindy Schmidt | Trustee Trustee or director | 0.5 | $0 | $0 |
| Diana Erwin | Trustee (Part Year) Trustee or director | 0.5 | $0 | $0 |
| Glenette Russell | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ingrid Jackson | Trustee (Part Year) Trustee or director | 0.5 | $0 | $0 |
| John Lee | Trustee Trustee or director | 0.5 | $0 | $0 |
| Jonathan Pickett | Trustee Trustee or director | 0.5 | $0 | $0 |
| Joshua Wells | Trustee Trustee or director | 0.5 | $0 | $0 |
| Justin Sampler | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kari Jones | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kent Jaggers | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kyle Lillie | Trustee Trustee or director | 0.5 | $0 | $0 |
| Les Ledbetter | Trustee Trustee or director | 0.5 | $0 | $0 |
| Les Miller | Trustee Trustee or director | 0.5 | $0 | $0 |
| Matt Brooks | Trustee (Part Year) Trustee or director | 0.5 | $0 | $0 |
| Michael Carter | Trusee Trustee or director | 0.5 | $0 | $0 |
| Monty Hale | Trustee Trustee or director | 0.5 | $0 | $0 |
| Penny Klimas | Trustee Trustee or director | 0.5 | $0 | $0 |
| Randy Butler | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ryan Aldrich | Trustee Trustee or director | 0.5 | $0 | $0 |
| Scott Watkins | Trustee (Part Year) Trustee or director | 0.5 | $0 | $0 |
| Steve Bagwell | Trustee Trustee or director | 0.5 | $0 | $0 |
| Steve Daniel | Trustee (Part Year) Trustee or director | 0.5 | $0 | $0 |
| Steve Hall | Trustee Trustee or director | 0.5 | $0 | $0 |
| Steve Waechter | Trustee Trustee or director | 0.5 | $0 | $0 |
| Todd Fisher | Trustee Trustee or director | 0.5 | $0 | $0 |
990 for the year ended May 31, 2023: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Heath Thomas | President Officer | 50 | $193,018 | $50,643 |
| Randy Smith | CFO/EVP Bus. & Admin Svcs Officer | 50 | $153,165 | $23,606 |
| David Houghton | Chair, School of Business Highest-paid employee | 50 | $117,007 | $50,195 |
| Timothy Rasnic | VP of Advancement Highest-paid employee | 50 | $136,880 | $19,815 |
| Larinee Dennis | Co-Provost, Dean of Business, Health, Science & Education Highest-paid employee | 50 | $127,787 | $23,544 |
| Matthew Emerson | Co-Provost, Dean of Theology, Arts & Humanities Highest-paid employee | 50 | $123,616 | $20,593 |
| Will Brantley | Vice President for Enrollment Mgmt Highest-paid employee | 50 | $119,877 | $8,077 |
| Owen Nease | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Robert Morris | Vice Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Sam Garlow | Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Aubrey Chapin | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ben Stewart | Trustee (part year) Trustee or director | 0.5 | $0 | $0 |
| Brian Waddell | Trustee Trustee or director | 0.5 | $0 | $0 |
| Bryan Laramore | Trustee Trustee or director | 0.5 | $0 | $0 |
| Caleb Scott | Trustee Trustee or director | 0.5 | $0 | $0 |
| Chad Wilsie | Trustee Trustee or director | 0.5 | $0 | $0 |
| Cindy Schmidt | Trustee Trustee or director | 0.5 | $0 | $0 |
| Craig Towery | Trustee (part year) Trustee or director | 0.5 | $0 | $0 |
| David Lawrence | Trustee (part year) Trustee or director | 0.5 | $0 | $0 |
| Diana Erwin | Trustee Trustee or director | 0.5 | $0 | $0 |
| Eric Costanzo | Trustee Trustee or director | 0.5 | $0 | $0 |
| Fisher Todd | Trustee Trustee or director | 0.5 | $0 | $0 |
| Glenette Russell | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ingrid Jackson | Trustee Trustee or director | 0.5 | $0 | $0 |
| John Lee | Trustee Trustee or director | 0.5 | $0 | $0 |
| Jonathan Pickett | Trustee Trustee or director | 0.5 | $0 | $0 |
| Justin Sampler | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kari Jones | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kyle Lillie | Trustee Trustee or director | 0.5 | $0 | $0 |
| Les Ledbetter | Trustee Trustee or director | 0.5 | $0 | $0 |
| Les Miller | Trustee Trustee or director | 0.5 | $0 | $0 |
| Matt Brooks | Trustee Trustee or director | 0.5 | $0 | $0 |
| Matt Brown | Trustee Trustee or director | 0.5 | $0 | $0 |
| Michael Carter | Trusee Trustee or director | 0.5 | $0 | $0 |
| Nick Atyia | Trustee Trustee or director | 0.5 | $0 | $0 |
| Penny Klimas | Trustee Trustee or director | 0.5 | $0 | $0 |
| Reagan Bradford | Trustee (part year) Trustee or director | 0.5 | $0 | $0 |
| Ryan Aldrich | Trustee Trustee or director | 0.5 | $0 | $0 |
| Scott Watkins | Trustee Trustee or director | 0.5 | $0 | $0 |
| Steve Bagwell | Trustee Trustee or director | 0.5 | $0 | $0 |
| Steve Daniel | Trustee Trustee or director | 0.5 | $0 | $0 |
| Steve Hall | Trustee Trustee or director | 0.5 | $0 | $0 |
| Will Wilson | Trustee (part year) Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 W UNIVERSITY ST, SHAWNEE, OK 74804-2522
- In care of
- % LAURI FLUKE
- Principal officer (990 for 2024)
- DR HEATH THOMAS, 500 W UNIVERSITY BOX 61207, SHAWNEE, OK 74804
- Signed the 990
- RANDY SMITH, EXEC. VP OF BUSINESS & ADMIN
- Phone
- (405) 585-5801
- Website
- WWW.OKBU.EDU
- Return prepared by
- CRI CAPIN CROUSE ADVISORS LLC
Mission
AS A CHRISTIAN LIBERAL ARTS UNIVERSITY, OKLAHOMA BAPTIST UNIVERSITY TRANSFORMS LIVES BY EQUIPPING STUDENTS TO PURSUE ACADEMIC EXCELLENCE, INTEGRATE FAITH WITH ALL AREAS OF KNOWLEDGE, ENGAGE A DIVERSE WORLD, AND LIVE WORTHY OF THE HIGH CALLING OF GOD IN CHRIST.
Program accomplishments
- 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 RECREATION, LANGUAGE AND LITERATURE, NURSING, VISUAL AND PERFORMING ARTS PLUS SEVERAL GRADUATE, ONLINE AND PROFESSIONAL CERTIFICATE PROGRAMS. THE UNIVERSITY'S CORE CURRICULUM INTEGRATES ACADEMIC DISCIPLINES TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION. MASTERS' DEGREES ARE OFFERED IN BUSINESS ADMINISTRATION, MULTIPLE THEOLOGY DISCIPLINES, MARRIAGE AND FAMILY THERAPY, AND TEACHING. THE UNIVERSITY'S FOUR-YEAR GRADUATION RATE IS AMONG THE HIGHEST IN THE STATE AND REGION.Expenses $46,305,053 · grants $28,608,561 · revenue $42,029,114
- 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 PROGRAMS, INCLUDING EIGHT LOCAL MINISTRY TEAMS, AND YEAR-ROUND INTERNATIONAL MISSIONS AND SERVICE EXPERIENCES. THESE SERVICES ARE TIED TO OBU'S MISSION STATEMENT: AS A CHRISTIAN LIBERAL ARTS UNIVERSITY, OBU TRANSFORMS LIVES BY EQUIPPING STUDENTS TO PURSUE ACADEMIC EXCELLENCE, INTEGRATE FAITH WITH ALL AREAS OF KNOWLEDGE, ENGAGE A DIVERSE WORLD, AND LIVE WORTHY OF THE HIGH CALLING OF GOD IN CHRIST.Expenses $12,508,942 · revenue $5,059,665
- 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.Expenses $10,127,085 · revenue $8,697,475
- MISCELLANEOUS REVENUE GENERATED FROM EDUCATIONAL SALES/SERVICES/EVENTS.revenue $1,823,966
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 73-0579264
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1956
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $336,614,650
- Income (IRS master file)
- $110,517,093
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $76,025,660 | $78,864,062 | $336,614,650 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $96,576,340 | $74,662,756 | $326,628,425 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $87,876,338 | $77,857,878 | $314,549,066 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $82,485,292 | $70,852,162 | $299,250,715 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-0579264).
Questions about OKLAHOMA BAPTIST UNIVERSITY
- What is the EIN of OKLAHOMA BAPTIST UNIVERSITY?
- The employer identification number (EIN) of OKLAHOMA BAPTIST UNIVERSITY is 73-0579264.
- Is OKLAHOMA BAPTIST UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1956.
- Are donations to OKLAHOMA BAPTIST UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OKLAHOMA BAPTIST UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OKLAHOMA BAPTIST UNIVERSITY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OKLAHOMA BAPTIST UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of OKLAHOMA BAPTIST UNIVERSITY?
- The 990 for the year ended May 31, 2025 names DR HEATH THOMAS.
- Who are the officers and directors of OKLAHOMA BAPTIST UNIVERSITY?
- The 990 for the year ended May 31, 2025 lists 44 people; 8 received compensation from the organization, the highest $206,550 (HEATH THOMAS, PRESIDENT).
- How much revenue does OKLAHOMA BAPTIST UNIVERSITY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $76,025,660, expenses of $78,864,062 and total assets of $336,614,650 at year end.
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