Where Does $100 to Oral Roberts Ministries Go (2020)?
The Oral Roberts Ministries is legally known as the Oral Roberts Evangelistic Association (OREA) – a Tulsa, Oklahoma based non-profit 501 (c) (3) whose “evangelistic mission is to pray for healing of the whole man.” Established in 1947 by Oral Roberts, a televangelist, OREA is now run by Oral’s son, Richard Roberts, along with his wife, Linda Salem Roberts who also appears to be known as Lindsay Roberts.
There are 9 voting members (trustees) of the governing body, 8 of whom are independent; 7 of whom are male, 2 of whom are female.
According to the most recent Form 990 (2019 for the year ending April 30, 2020):
OREA reported total revenue of $6.3 million in 2020 (compared to $7.9 million in 2019 and $7.3 million in 2018), almost all of which came from contributions, gifts, and grants. Expenses totaled $5.8 million (91% of revenue) and can be categorized as follows:
- $2.4 million (38% of revenue): Compensation
- $1.0 million: (16% of revenue): Media Time and Broadcasting
- $0.9 million (14% of revenue): Printing and Publications, Postage and Shipping
- $0.5 million (8% of revenue): Other Expenses (primarily other with no detail provided)
- $0.4 million (6% of revenue): Office-Related Expenses
- $0.4 million (6% of revenue): Grants (i.e. for preaching the gospel and ministry)
- $0.2 million (3% of revenue): Fees for Services
Compensation is the largest expense for OREA. 58 employees received $2.4 million in compensation which equates to an average compensation of $41,400. OREO reports 4 employees received more than $100,000 in compensation but 5 employees are listed on the Form 990, Part VII, Section A:
- $425,316: Richard Roberts, CEO
- $181,696: Linda Salem Roberts, Program Host
- $176,940: Michael Bernard, VP, Secretary
- $136,717: Colleen Barker, VP
- $101,175: Diane Peterson, Staff
It is important to point out that Richard Roberts and Linda Salem Roberts and married. Collectively, the couple’s compensation totaled $607,012.
Using the above information, every $100 in revenue was spent as follows:
-$ 38: Compensation
-$ 8: Other Expenses
-$ 6: Office-Related Expenses
-$ 3: Fees for Services (primarily mailing services and health insurance)
-$ 55: Subtotal: Compensation, Office, Fees, and Other Expenses
$ 45: Revenue Remaining
-$ 16: Media Time and Broadcasting
-$ 14: Printing and Publications, Shipping and Postage
-$ 6: Grants (primarily preaching and ministry)
-$ 36: Subtotal: Media, Broadcasting, Printing, Publications, shipping, and Grants
$ 9: Revenue Remaining: To General Fund
As illustrated above, OREA spent $55 out of every $100 on staff and organization expenses. $36 out of every $100 was spent on media time and broadcasting, printing and publications, shipping, and grants that were primarily for preaching and ministry. $9 out of Every $100 was not spent and added to the general fund.
It is important to point out that OREA has $2.6 million in federal taxes payable, a rather large liability for a small non-profit organization. OREA has $4 million in assets (of which $2.6 million is in publicly traded securities and $700,000 is in cash). Net assets at year-end were reported to be $600,000. So, if OREA sold the publicly traded securities (that came from previous donations), then the organization could pay off their $2.6 million federal taxes payable. But, the big question is why does OREA, a tax-exempt non-profit organization owe $2.6 million to the federal government?
To read the IRS Form 990 (2019 for the year ending April 30, 2020), click here.