Nonprofit · EIN 73-6101744
TULSA ROYALTIES COMPANY
Tax-exempt · SHAWNEE, OK 74804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,579,634 | $1,579,543 | $91 | $162 | $0 | $162 |
| December 31, 2024 | 990 | $1,629,284 | $1,629,358 | -$74 | $71 | $0 | $71 |
| December 31, 2023 | 990 | $2,085,068 | $2,084,929 | $139 | $145 | $0 | $145 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,872
- Royalties
- $1,549,785
- Other revenue
- $1,576,762
Expenses
- Grants and similar amounts paid
- $1,401,250
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,401,250
- Management and general (functional)
- $178,293
Balance sheet and other
- Total assets, start of year
- $71
- Total assets, end of year
- $162
- Total liabilities, end of year
- $0
- Net assets, end of year
- $162
- Gross receipts
- $1,579,634
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1951
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Heath Thomas | Vice President Trustee or director, Officer | 0.5 | $0 | $215,577 | $83,362 |
| Lester Kasterke | Assistant Secretary Trustee or director, Officer | 0.5 | $0 | $112,592 | $91,242 |
| Randy L Smith | Vice President for Operations/Treasurer Trustee or director, Officer | 0.5 | $0 | $171,436 | $25,534 |
| Joshua Wells | President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Matt Brown | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Aubrey Chapin | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Steve Hall | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Justin Sampler | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Tre Landrum | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Dany Daniel | Director Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Heath Thomas | Vice President Trustee or director, Officer | 0.5 | $0 | $213,894 | $67,535 |
| Randy L Smith | Vice President for Operations/Treasurer Trustee or director, Officer | 0.5 | $0 | $151,669 | $19,238 |
| Lester Kasterke | Assistant Secretary Trustee or director, Officer | 0.5 | $0 | $104,110 | $53,852 |
| Robert Morris | President Trustee or director, Officer | 0.5 | $0 | $2,700 | $0 |
| John Lee | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Joshua Wells | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Matt Brown | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Aubrey Chapin | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Steve Hall | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Justin Sampler | Director Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Heath Thomas | Vice President Trustee or director, Officer | 0.5 | $0 | $222,107 | $58,497 |
| Randy L Smith | Vice President for Operations/Treasurer Trustee or director, Officer | 0.5 | $0 | $154,228 | $21,683 |
| Lester Kasterke | Assistant Secretary Trustee or director, Officer | 0.5 | $0 | $106,879 | $22,838 |
| Robert Morris | President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| John Lee | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Matt Brooks | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Matt Brown | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Aubrey Chapin | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Steve Hall | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Justin Sampler | Director Trustee or director | 0.5 | $0 | $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 2025)
- Randy Smith, 500 W University, Shawnee, OK 74804
- Signed the 990
- Randy Smith, Vice Pres for Operations/Treas
- Phone
- (405) 585-5130
Mission
Tulsa Royalties Company is a supporting organization, created to provide financial support for Oklahoma Baptist University, an exempt organization. Oklahoma Baptist University is a Christian liberal arts university which 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
- Contributions of financial support for Oklahoma Baptist University. Financial support funds special projects, including campus improvement projects, capital expenditures and retirement of debt.Expenses $1,401,250 · grants $1,401,250
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 73-6101744
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $162
- Income (IRS master file)
- $1,579,634
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,579,634 | $1,579,543 | $162 | IRS |
| 990 | December 2024 | $1,629,284 | $1,629,358 | $71 | IRS |
| 990 | December 2023 | $2,085,068 | $2,084,929 | $145 | XML |
| 990 | December 2022 | $3,658,107 | $3,658,315 | $6 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 73-6101744).
Questions about TULSA ROYALTIES COMPANY
- What is the EIN of TULSA ROYALTIES COMPANY?
- The employer identification number (EIN) of TULSA ROYALTIES COMPANY is 73-6101744.
- Is TULSA ROYALTIES COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to TULSA ROYALTIES COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does TULSA ROYALTIES COMPANY 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 TULSA ROYALTIES COMPANY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TULSA ROYALTIES COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TULSA ROYALTIES COMPANY?
- The 990 for the year ended December 31, 2025 names Randy Smith.
- Who are the officers and directors of TULSA ROYALTIES COMPANY?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does TULSA ROYALTIES COMPANY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,579,634, expenses of $1,579,543 and total assets of $162 at year end.
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