Oral Roberts University

Summary

Oral Roberts University is a charismatic university, founded in the fires of evangelism and upon the unchanging precepts of the Bible. The University was founded as a result of the evangelist Oral Roberts' obeying God's mandate to build a university on God's authority and the Holy Spirit.


Contact information

Mailing address:
Oral Roberts University
7777 South Lewis Ave.
Tulsa, OK 74171

Website: oru.edu

Phone: 918-495-6161

Email: sthill@oru.edu


Organization details

EIN: 730739626

CEO/President: William M Wilson

Chairman: Mike Rakes

Board size: 31

Founder: Oral Roberts

Year founded: 1964

Tax deductible: Yes

Fiscal year end: 04/30

Member of ECFA: Yes

Member of ECFA since: 2009


Purpose

God's commission to Oral Roberts was to "Raise up your students to hear My voice, to go where My light is dim, where My voice is heard small, and My healing power is not known, even to the uttermost bounds of the earth. Their work will exceed yours, and in this I am well pleased."


Mission statement

The mission of Oral Roberts University - in its commitment to the Christian faith - is to educate the whole person in spirit, mind, and body, thereby preparing its graduates to be professionally competent servant-leaders who are spiritually alive, intellectually alert, physically disciplined, and socially adept. The University seeks to synthesize the best practices of liberal arts, professional, and graduate education with a charismatic emphasis to enable students to go into every person's world with God's message of salvation and healing for the totality of human need.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating96 of 6604 of 86
Fund acquisition rating6 of 6625 of 86
Resource allocation rating353 of 66251 of 86
Asset utilization rating179 of 66017 of 86

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%8%11%12%10%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
9%21%16%17%20%24%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
91%79%84%83%80%76%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%83%83%82%81%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%93%100%107%106%100%
Program output ratio Program output ratio =
Program services /
Total revenue
81%77%83%88%86%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%7%0%-7%-6%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%7%0%-6%-4%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%15%15%16%17%18%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.690.710.710.630.60
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.963.593.643.603.313.26
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.622.462.582.562.101.95
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.333.373.092.903.383.85
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.300.320.350.300.26
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.003.433.153.074.034.56
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%20%20%21%20%19%
Debt ratio Debt ratio =
Debt /
Total assets
17%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%117%112%111%126%136%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$30,559,449$22,685,749$27,118,159$28,870,340$32,229,499
Receivables, inventories, prepaids$9,473,507$12,306,194$6,956,683$10,055,570$11,726,518
Short-term investments$15,408,742$16,515,689$18,283,171$20,294,504$17,834,507
Other current assets$0$0$0$0$0
Total current assets$55,441,698$51,507,632$52,358,013$59,220,414$61,790,524
Long-term investments$22,948,100$24,918,278$0$0$0
Fixed assets$117,549,019$107,383,613$108,552,870$108,554,124$112,111,515
Other long-term assets$2,962,099$3,519,585$27,430,231$28,238,285$27,414,789
Total long-term assets$143,459,218$135,821,476$135,983,101$136,792,409$139,526,304
Total assets$198,900,916$187,329,108$188,341,114$196,012,823$201,316,828
 
Liabilities20192018201720162015
Payables and accrued expenses$12,701,077$12,654,553$13,758,188$13,088,604$12,214,037
Other current liabilities$3,736,001$3,999,833$4,314,366$4,439,063$3,823,943
Total current liabilities$16,437,078$16,654,386$18,072,554$17,527,667$16,037,980
Debt$53,356$17,848$10,686$6,095$5,298
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$22,926,445$21,605,564$21,519,336$21,785,557$21,873,157
Total long-term liabilities$22,979,801$21,623,412$21,530,022$21,791,652$21,878,455
Total liabilities$39,416,879$38,277,798$39,602,576$39,319,319$37,916,435
 
Net assets20192018201720162015
Unrestricted$76,465,979$77,297,168$80,220,945$83,802,576$87,415,014
Temporarily restricted$0$28,203,063$25,538,482$30,994,004$34,631,824
Permanently restricted$83,018,058$43,551,079$42,979,111$41,896,924$41,353,555
Net assets$159,484,037$149,051,310$148,738,538$156,693,504$163,400,393
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$30,890,878$21,721,619$21,907,030$23,341,480$28,883,192
Program service revenue$111,931,130$109,341,476$102,095,644$95,798,801$92,523,073
Membership dues$0$0$0$0$1,583
Investment income$1,565,577$627,763$526,793$331,847$774,033
Other revenue$2,777,190$1,159,106$743,875($1,777,425)($1,195,778)
Total other revenue$116,273,897$111,128,345$103,366,312$94,353,223$92,102,911
Total revenue$147,164,775$132,849,964$125,273,342$117,694,703$120,986,103
 
Expenses20192018201720162015
Program services$113,304,502$110,893,160$109,783,413$101,154,795$96,148,059
Management and general$20,734,937$19,484,324$21,540,059$20,685,042$21,833,091
Fundraising$2,544,611$2,471,087$2,611,512$2,436,103$2,500,670
Total expenses$136,584,050$132,848,571$133,934,984$124,275,940$120,481,820
 
Change in net assets20192018201720162015
Surplus (deficit)$10,580,725$1,393($8,661,642)($6,581,237)$504,283
Other changes in net assets$0$0$0$0$0
Total change in net assets$10,580,725$1,393($8,661,642)($6,581,237)$504,283

Response from ministry

No response has been provided by this ministry.


History

ORU was birthed as the result of a mandate God gave founder Oral Roberts to "...build Me a university based on My authority and the Holy Spirit." God's commission to Oral Roberts was to "Raise up your students to hear My voice, to go where My light is seen dim, My voice is heard small, and My healing power is not known, even to the uttermost bounds of the earth. Their work will exceed yours, and in this I am well pleased." This private Christian liberal arts institution held its first classes in 1965 with 300 undergraduate students. The university dedication took place in 1967, with the Reverend Dr. Billy Graham as the keynote speaker.


Program accomplishments


Needs