Meinders School of Business Oklahoma City University
2501 N. Blackwelder Avenue
Oklahoma City OK 73106-1493
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
Meinders School of Business
Mission Statement
The Meinders School of Business prepares graduate and undergraduate students to be socially responsible leaders in a global economy through teaching excellence and faculty scholarship in business practice and the disciplines.  Faculty and students engage with the business community, local government, and regulatory agencies as part of the teaching-learning process.  Oklahoma City University embraces the United Methodist tradition of scholarship and service and welcomes all faiths in a culturally rich community dedicated to student success. Men and women pursue academic excellence through a rigorous curriculum focused on students' intellectual, moral, and spiritual development to prepare them to become effective leaders in service to their communities.
Meinders School of Business
Contact Information
Contact Name Steven Agee
Contact email sagee@okcu.edu
Address 2501 N. Blackwelder Avenue
Oklahoma City, OK 73106 1493
Phone (405) 208-5458
Fax 405-208-5098
County Oklahoma County
Alternate Phone 405 208-5488
How to Give
Donate with Credit Card https://secure.okcu.edu/onlinegiving/
Donate to Endowment http://occf.org/msocu/
Other ways to donate, support or volunteer

Mail checks to:  Meinders School of Business, 2501 N. Blackwelder, Oklahoma City, OK, 73106

  

Financial Summary
 
 
Projected Revenue $4,761,559.00
Projected Expenses $4,753,578.00
History and Background
Former Names
NameYear
Epworth University1911
Oklahoma Methodist University1919
Oklahoma City College1924
Supported Organization Meinders School of Business
Year Founded 1946
IRS Ruling Year 1959
State Registration Expiration Jan 2050
Statements
Mission
The Meinders School of Business prepares graduate and undergraduate students to be socially responsible leaders in a global economy through teaching excellence and faculty scholarship in business practice and the disciplines.  Faculty and students engage with the business community, local government, and regulatory agencies as part of the teaching-learning process.  Oklahoma City University embraces the United Methodist tradition of scholarship and service and welcomes all faiths in a culturally rich community dedicated to student success. Men and women pursue academic excellence through a rigorous curriculum focused on students' intellectual, moral, and spiritual development to prepare them to become effective leaders in service to their communities.
Background

The Meinders School of Business -The school of business at Oklahoma City University was established in 1946, although a Bachelor of Science in Business (BSB) degree was first offered in 1939-40.  Reflecting the university’s move to fewer required general education hours, allowing additional hours in the business core and majors, the BSB was changed to the Bachelor of Business Administration (BBA) in 2010-11.  The Master of Business Administration (MBA) began in 1962-63; the Master of Science in Accounting (MSA) commenced in 1976-77; and the Master of Science in Energy Management began in January 2012.  In 2002, Herman Meinders executed an agreement with the University to provide all of the funding necessary to acquire the land and construct a new 80,000 square foot building for the school of business.  In recognition of this donation, it was agreed that the project would be named the Meinders School of Business.

The school of business is comprised of four academic departments: Department of Management and Marketing; Department of Economics and Finance; Department of Accounting; and Department of Technology and Software Engineering.

The school of business houses the Student Success Center, the Steven C. Agee Economic Research & Policy Institute (ERPI) and the Love’s Entrepreneurship Center.  The Student Success Center provides undergraduate and graduate students with advisory services related to classes, schedules, tracking of student outcomes, and counseling of financial services in conjunction with the University’s Director of Student Financial Services.  The Economic Research & Policy Institute has, as its Executive Director and Associate Director, Ph.D. economists who engage and employ undergraduate and graduate students in conducting economic impact studies, forecasting, modeling, and providing consulting services for businesses, local and state governments, and the Oklahoma Corporation Commission, consistent with the school’s mission.  The Love’s Entrepreneurship Center supports student learning opportunities and activities related to entrepreneurship and creativity such as student team competition in the annual Donald W. Reynolds Governor’s Cup and the Love’s Center Entrepreneurship Day, where prominent and successful entrepreneurs come to campus to make presentations about their careers.    

The school of business has both an Executive Advisory Board and a Student Advisory Board.  The Executive Advisory Board consists of approximately fifty community and business leaders in the metropolitan area and the Student Advisory Board consists of both undergraduate and graduate students from the school of business. Both boards provide the Dean with input, suggestions and advice on a wide array of subjects involving the mission of the school, its strategic plan and tactical actions, assistance on attracting new students, retaining existing students, establishing internships, and funding of business school programs and activities.  Both boards meet twice a semester and discuss issues relevant to their interests and to the school of business.  These boards are important stakeholders and are highly involved in the effort by the school to build continuous improvement.

Impact The Meinders School of Business received worldwide recognition in 2014 by being accredited by the AACSB, International (Association to Accredit Collegiate Schools of Business).  Out of nearly 16,000 business schools worldwide, only 716 have been accredited by AACSB, placing the Meinders School of Business in the top 4.5% of all business schools globally.  In 2015, U.S. News & World Report ranked the Meinders School of Business at OCU as one of the best online graduate business programs in the United States.  
Needs Undergraduate and graduate student scholarships is the principal need for the Meinders School of Business.  Endowed faculty chairs is also a principal need.  Contributions to the Dean's Excellence Fund provides the Dean with flexibility in funding student scholarships, faculty research, and attendance at conference proceedings.
Area Served
Area Served
Geographic Area Served
Oklahoma City
Oklahoma - Statewide
National
International
Our students are from a diverse background. We have many Oklahomans but also attract students from around the United States and multiple different countries.
Service Categories
Secondary Organizational Category Education/Graduate & Professional Schools
Programs
Description

Business students from around the world come to the Meinders School of Business with a common goal: to become exceptional leaders in business.  The Meinders School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB International) and ranks in the top 5% of business schools in the world. Students in the Meinders School of Business receive a higher level of learning and engagement inside the classroom, offering a unique environment built around the success of each individual.

The Meinders School of Business offers the following Undergraduate Programs:
Bachelor of Business Administration (BBA) in Business Administration, Accounting, Economics, Finance and Marketing as well as a
Bachelor of Science (BS) in Software Engineering. 
Strategy
Population Served Adults
Description

As a graduate student at the Meinders School of Business, students learn from a faculty that is highly regarded for their scholarship, and innovative and dedicated teaching. Because we understand the value of networking and making connections as a part of your graduate studies, we provide opportunities for students to advance their careers through connections with faculty, alumni and leaders in the community. The Meinders School of Business graduate programs are designed to enable working professionals to meet the demands of their career and other commitments while earning a highly-respected degree in one of these five graduate degree programs:

Master of Business Administration (MBA)
Master of Science in Accounting (MSA)
Master of Science in Computer Science (MSCS)
Master of Science in Energy Management (MS)
Master of Science in Energy Legal Studies (MS) 
Strategy
Population Served Adults
CEO/Executive Director
CEO/Executive Director Steven Agee
Start Date Nov 2010
Email sagee@okcu.edu
Experience

Steven C. Agee, Ph.D. is the Dean of the Meinders School of Business.  Dr. Agee earned a B.B.A. from the University of Oklahoma in 1975, a Master's Degree in Economics from the University of Kansas in 1979, and a Ph.D. in Economics from the University of Kansas in 1982.  Dr. Agee started XAE Corporation, a privately owned oil & natural gas exploration company in 1982, and served as its President and COO for twenty-four years.  XAE sold to Canaan Resources in 2006.  Dr. Agee joined the faculty of the Meinders School of Business in 2008, and became Dean on November 1, 2010.  Dr. Agee also served six years on the Board of the Federal Reserve Bank of Kansas City, Oklahoma City Branch, with the last three years as Chairman of this Board.  Dr. Agee has served on many philanthropic boards in Oklahoma including the Oklahoma City Philharmonic Society, Allied Arts, the Oklahoma City Community Foundation, and El Sistema Oklahoma.  While running XAE Corporation, Dr. Agee also served on the Oklahoma Independent Petroleum Association Board and the Oklahoma Energy Resources Board; the latter for which he served three years as Chairman.  Dr. Agee served on the Board of the Economic Club of Oklahoma as well as one year as its President.   

Senior Staff
NameTitle
Michael WilliamsAssociate Dean for Academic Affairs and Accreditation
Staff
Number of Full-time Staff 35
Number of Part-time Staff 0
Number of Contract Staff 0
Number of Volunteers 75
Staff Retention Rate 94
Are professional development opportunities provided? Yes
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Staff Demographics - Gender
Male 20
Female 15
Organizational Plans
Fundraising Plan Yes
Communication Plan Under Development
Strategic Plan Under Development
Management Succession Plan No
Organization Policies and Procedures Yes
External Assessments and Accreditations
Assessment/AccreditationYear
Higher Learning Commission of North Central Association of Colleges and Schools - 10 Year Accreditation2011
Board Chair
Name Dr. Andy Gin
Company Affiliation St. Anthony's Hospital
Term Oct 2011 to Oct 2015
Email aginmd@gmail.com
Board of Directors
List Current as of Feb 09, 2017
Board of Directors List
NameAffiliationStatus
Mr. James Bruce, Jr. American Bank Systems, Inc.Voting
Ms. Joyce Burch Greater Oklahoma City Chamber of CommerceVoting
Ms. Martha Burger Retired from Chesapeake 2013Voting
Mr. Phillip Busey The Busey Group of CompaniesVoting
Mr. Jim Couch City of Oklahoma CityVoting
Mr. Christopher Dickens UBS Financial Services, Inc.Voting
Mr. Jerry Dunmire Boeing CompanyVoting
Mr. James Farris James Farris AssociatesVoting
Ms. Celine Ferguson Prosperity BankVoting
Mr. Paul Fleming BancFirst Corp.Voting
Mr. Clyde Foster Boeing CompanyVoting
Mr. Frank Franzese
Mrs. Daniela Gencheva
Dr. Andy Gin Doctor of NeurologyVoting
Mr. Jack Golsen LSB IndustriesVoting
Mr. Barry Golsen Thermaclime, Inc./LSB IndustriesVoting
Mr. Mo Grotjohn HCM InvestmentsVoting
Ms. Jane Haskin First Bethany Bank and TrustVoting
Mr. Jason Hawkins OKC Energy Football Club (soccer)Voting
Mr. Gray Holden Willis of Oklahoma, Inc.Voting
Mr. Mark Kelly Oklahoma Employees Credit UnionVoting
Ms. Linda Kissler JPMorgan ChaseVoting
Mr. Greg Larson Access MidstreamVoting
Mr. Thomas Loy MetaFundVoting
Mr. Alan Marcum Devon EnergyVoting
Dr. Herman Meinders HCM InvestmentsVoting
Mr. Wes Milbourn KFOR-TV/KAUT-TVVoting
Mr. Mike Moradi SensulinVoting
Mr. Tim Munson Spartan Resources LLCVoting
Ms. Janet Peery YWCAVoting
Ms. Anastasia Pittman Oklahoma House of RepresentativesVoting
Ms. Lisa Putt Community VolunteerVoting
Ms. Kelly Sachs Commerce BankVoting
Ms. Shelley Sanders Wells Fargo Advisors, LLCVoting
Mr. Stan Sewell The NASH Group Real EstateVoting
Mr. John Shelton Harding and SheltonVoting
Mr. Mike Stice Access MidstreamVoting
Mr. C. Renzi Stone Saxum Strategic CommunicationsVoting
Mr. Wayne Stone WDS Consulting, Inc.Voting
Mr. Scott Stone Spartan Resources LLCVoting
Mr. Van Storm Joe D. Hall General Contractors, LLCVoting
Mr. Jack Thompson Wells Nelson and AssociatesVoting
Mr. Josh White Great-West Management Corp.Voting
Mr. Mark Wood Ernst & YoungVoting
Mr. David Woods Giant PartnersVoting
Mr. Nick Wu Merrill LynchVoting
Board Demographics - Gender
Male 38
Female 10
Standing Committees
Membership
Comments on Board & Governance
CEO/Executive Director/Board Comments We have a student advisory board as well which is made up of undergraduate and graduate OCU students from the Meinders School of Business.
Current Fiscal Year
Fiscal Year July 01, 2016-June 30, 2017
Current Year Budgeted Total Income $4,761,559
Current Year Budgeted Total Expenses $4,753,578
Financial Documents
IRS Letter of Determination
Prior Three Years' Financial History
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201420132012
Total Revenue$86,841,573$89,207,712$68,393,759
Total Expenses$72,592,916$77,760,672$78,291,254
Revenue Less Expenses$14,248,657$11,447,040($9,897,495)
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201420132012
Contributions------
Foundation and
Corporation Contributions
$11,801,752$10,790,250$8,690,211
Government Contributions$570,514$967,717$1,060,370
Federal------
State------
Local------
Unspecified$570,514$967,717$1,060,370
Individual Contributions$50,917,106$53,048,748$59,558,610
------
$7,383,058$8,195,769$7,698,183
Investment Income, Net of Losses$13,791,540$7,457,786($1,340,771)
Unrealized Gain/Loss$174,665$6,632,210($9,149,405)
Membership Dues------
Special Events------
Revenue In-Kind------
Other$2,202,938$2,115,232$1,876,561
Expense Allocation
Fiscal Year201420132012
Program Expense$64,446,231$69,831,519$70,994,343
Administration Expense$8,146,685$7,929,153$7,296,911
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.201.150.87
Program Expense/Total Expenses89%90%91%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201420132012
Total Assets$287,465,330$277,474,691$273,509,565
Current Assets$7,748,218$2,991,650$2,060,280
Long-Term Liabilities$78,857,688$80,750,451$88,441,330
Current Liabilities$12,159,444$14,524,699$14,315,734
Total Net Assets$196,448,198$182,199,541$170,752,501
Solvency
Short Term Solvency
Fiscal Year201420132012
Current Ratio: Current Assets/Current Liabilities0.640.210.14
Long Term Solvency
Fiscal Year201420132012
Long-Term Liabilities/Total Assets27%29%32%
Funding Sources
Top Funding Sources
Fiscal Year201420132012
Top Funding Source & Dollar AmountIndividuals $50,917,106Individuals $53,048,748Individuals $59,558,610
Second Highest Funding Source & Dollar AmountInvestments $13,791,540Foundation & Corporation $10,790,250Foundation & Corporation $8,690,211
Third Highest Funding Source & Dollar AmountFoundations & Corporations $11,801,752Earned Revenue $8,195,769Earned Revenue $7,698,183
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 5 %
Credit Line? Yes
Reserve Fund? Yes
Capital Campaign
Currently in a Capital Campaign? No
Comments on Financials
Foundation Staff Comments All prior year financial information is from the Oklahoma City University's audited financial statements. The current income and expense projections are from the Meinders School of Business 2016 budget, a small portion of Oklahoma City University's 2016 budget. 
Address 2501 N. Blackwelder Avenue
Oklahoma City, OK 73106 1493
Primary Phone 405 208-5458
Contact Email sagee@okcu.edu
Give to Endowment http://occf.org/msocu/
CEO/Executive Director Steven Agee
Board Chair Dr. Andy Gin
Board Chair Company Affiliation St. Anthony's Hospital