2024-04-09T20:06:28+00:00 2023-05-31 366055558 Grant Thornton LLP 757 Third Ave 9th Floor New York NY 100172013 990 2022-06-01 741159753 Baylor University BAYL 2547103731 One Bear Place 97043 Waco TX 767987043 Brett Dalton Chief Business Officer 2547103554 2024-04-10 true Brett Powell 999009999 true Daniel Romano P00504182 2125990100 2022 2023-04-26 12:10:37Z Linda Livingstone One Bear Place 97096 Waco TX 767987096 1454231469 false X www.baylor.edu X 1845 TX The mission of Baylor University is to educate men and women for worldwide leadership and service by integrating academic excellence and Christian commitment within a caring community. 32 28 10652 2500 5067665 1504899 153185668 168028590 1156294638 1169082158 79137746 107162532 11859706 9838302 1400477758 1454111582 420485650 406225877 0 456231827 496684716 324607 170033 15999092 358199726 383934730 1235241810 1287015356 165235948 167096226 3929496595 4003330584 1017253130 1003941650 2912243465 2999388934 X The mission of Baylor University is to educate men and women for worldwide leadership and service by integrating academic excellence and Christian commitment within a caring community. false false 757097545 380567931 981077141 Instruction: Baylor University stands as one of the premier institutions of higher education in the world. Chartered in 1845 by the Republic of Texas and affiliated with the Baptist General Convention of Texas, the University is the oldest continuously operating institution of higher learning in the State of Texas. As part of fulfilling Baylor's mission of instructing and educating men and women for worldwide leadership and service, Baylor pursues initiatives such as lower student-faculty ratio (16:1), smaller class size (average class size is 28), research opportunities for undergraduates, and great facilities for learning and living. Baylor's more than 20,000 students typically come from all 50 states, the District of Columbia, and over 100 countries around the world. The University offers 126 baccalaureate, 80 master's, 47 doctoral, numerous online graduate professional programs, the education specialist and the juris doctor degree programs through 12 academic units. The University also equips students with both knowledge and experience to pursue God's call to ministry by offering 3 master degrees and 2 doctorate degrees through Truett Seminary. Additionally, the University conducts graduate programs with the U.S. Army at several U.S. Army locations across the United States. Students find the best of a large university through exceptional breadth and depth of programs along with extraordinary personal attention for the individual student. Baylor students garner competitive scholarships such as Fulbright, Truman, Goldwater, Rotary, Critical Language, and National Science Foundation Graduate Fellowships. More than 90% of Baylor undergraduate students receive financial assistance. Named eleven times by The Chronicle of Higher Education as a "Great College to Work For", Baylor consistently ranks in the top 100 national doctoral granting universities by U.S. News & World Report, as a "Best Buy" by The Fiske Guide to Colleges, and a "Best Value" by Kiplinger's Personal Finance. 199822471 19719320 104078006 Student Services: Baylor university's student services and activities contribute to students' spiritual, social and physical well-being. Student services and activities include areas such as career guidance, job placement upon graduation, enrollment management, student financial aid, student activities, student organizations, intramurals, health center, Beauchamp addiction recovery center, and intercollegiate athletics. 82756568 29543304 Academic Support: Baylor university provides academic support services for the primary missions of instruction, as well as research and public service activities. Academic support services include areas such as libraries, technology support, museums and services that directly assist instructional activities. 88135737 5938626 54383708 Research, Public Service and Auxiliaries: Other program service areas include research activities, public service activities and auxiliary enterprises operated by the university. Research activity includes grants and contracts to conduct sponsored research, primarily in five key initiatives: health; data sciences; materials science; human flourishing, leadership, and ethics; and Latin America. Public service includes activities which primarily benefit individuals and organizations external to the university. Auxiliary enterprises are comprised generally of the following items: residence halls, dining services, bookstore, rental properties and vending services. 88135737 5938626 54383708 1127812321 true true false true true false true true true true true false false true true true true true true true true false true true false false true true true true false true false false false true true false true true true true false false true true true true false false true X 28708 0 true 10652 true true true true CA CJ false false false true true true 1 false false false true false X 32 28 false false false false false true true true true false false true true true true true true true true true true CO GA KY AK MD MI NH OH OK OR SC X X Brett Powell 2547108461 700 S University Parks Dr Waco TX 767061003 Alicia DH Monroe Regent 2.0 0.0 X 116 0 0 Ally Perkins Student Regent 5.0 0.0 X 1383 0 0 B Todd Patterson Regent 10.0 0.0 X 125 0 0 Brian Raines Regent 60.0 0.0 X 206888 0 46207 David Slover Regent 10.0 0.0 X 86 0 0 Dennis Ray Wiles Regent 2.0 0.0 X 125 0 0 Diane D Dillard Regent 4.0 0.0 X 125 0 0 Don Willet Regent 7.0 0.0 X 1000 0 0 Faith Beaty Regent 2.0 0.0 X 873 0 0 Jay A Brown Regent 8.0 0.0 X 116 0 0 Jill Manning Regent 4.0 0.0 X 125 0 0 Julie Hermansen Turner Regent 5.0 0.0 X 116 0 0 Katie Jo Luningham Regent 5.0 0.0 X 116 0 0 Kim Stevens Regent 1.0 0.0 X 416 0 0 Kristina Guidi Regent 3.0 0.0 X 116 0 0 Larry P Heard Regent 5.0 0.0 X 411 0 0 Manny Ruiz Regent 4.0 0.0 X 5150 0 0 Mark E Lovvorn Regent 3.0 0.0 X 116 0 0 Mark Rountree Regent 5.0 0.0 X 3098 0 0 Mark V Peterson Regent 3.0 0.0 X 86 0 0 Melissa Purdy Mines Regent 3.0 0.0 X 116 0 0 Michael McFarland Regent 2.0 0.0 X 10116 0 0 Michael P Heiskell Regent 2.0 0.0 X 783 0 0 Neal Jeffrey Regent 3.0 0.0 X 903 0 0 Paula Hurd Regent 5.0 0.0 X 431 0 0 Randolph L Pullin Regent 15.0 0.0 X 61 0 0 Rene Maciel Regent 3.0 0.0 X 725 0 0 Sara L Dolan Regent 50.0 0.0 X 176219 0 39794 Sarah Gahm Regent 5.0 0.0 X 116 0 0 Sher Isada Student Regent 2.0 0.0 X 201 0 0 Todd A Reppert Regent 2.0 0.0 X 116 0 0 Tyler C Cooper Regent 5.0 0.0 X 125 0 0 William Mearse Regent 8.0 0.0 X 125 0 0 Brett Dalton Chief Business Officer 60.0 0.0 X 586104 0 42293 Brett Powell Associate VP of Finance & Treasurer 55.0 0.0 X 255485 0 47505 Cheryl Gochis Vice President for Human Resources and Chief Human Resources Officer 60.0 0.0 X 330913 0 54988 Chris Holmes General Counsel & Chief Legal Officer and Corporate Secretary 50.0 0.0 X 499630 0 116930 Dave Clendennen Asst Vice President for Financial Systems & Asst Treasurer 55.0 0.0 X 173085 0 40851 Dave Rosselli Vice President for University Development 60.0 1.0 X 775631 0 56382 Felicia Cruz Director of Legal International Services; Assistant Secretary 40.0 0.0 X 69427 0 16907 Jason Cook Vice President for Marketing & Communications and Chief Marketing Officer 65.0 1.0 X 437686 0 89749 Judy Carpenter Dir. of Board & Presidential Operations & Assist. to President's Chief of Staff; Assist. Secretary 45.0 0.0 X 77869 0 29536 Kevin Jackson Vice President for Student Life 50.0 0.0 X 318558 0 57692 Kristy Orr Board Professional 50.0 0.0 X 225136 0 33963 Linda Livingstone President 70.0 2.0 X 1602403 0 303136 Mack Rhoades IV Vice President and Director of Athletics 70.0 0.0 X 2807733 0 68433 Marsha Duckworth Senior Director for Board and Legal Services; Assistant Secretary 50.0 0.0 X 101097 0 19611 Nancy Brickhouse Vice President and Provost 60.0 0.0 X 616221 0 54951 Robyn Driskell Chief of Staff to the President and Vice President of Internal Administration 50.0 0.0 X 333448 0 59347 Susan Anz Deputy CBO & Assistant Secretary 55.0 0.0 X 273111 0 103490 Tiffany Hogue Chief of Staff to the President 50.0 0.0 X 253111 0 28868 David Morehead Chief Investment Officer 50.0 0.0 X 1199109 0 58534 Gary Carini Vice Provost 55.0 0.0 X 392126 0 111177 Lee Nordt Dean of Arts & Sciences 75.0 0.0 X 299246 0 54175 Dave Aranda Football Head Coach 70.0 0.0 X 4485934 0 54951 Jeff Grimes Football Offensive Coordinator 70.0 0.0 X 1455368 0 62944 Nicki Collen Head Women's Basketball Coach 50.0 0.0 X 1123384 0 57861 Ron Roberts Football Defensive Coordinator 50.0 0.0 X 1015230 0 60786 Scott Drew Head Men's Basketball Coach 70.0 0.0 X 5327972 0 82089 Andrea Dixon Former Regent (thru 05/2019) 40.0 0.0 X 294641 0 45402 Darin Davis Former Vice President for University Mission (thru 06/2019) 50.0 0.0 X 164970 0 70442 Gary Mortenson Former Acting Vice Provost (thru 04/2019) 55.0 0.0 X 218242 0 42362 Gaynor Yancey Former Regent (thru 05/20) 40.0 0.0 X 149618 0 25715 26273112 0 2037071 915 true true true JT VAUGHN CONSTRUCTION 10355 West Park Drive Houston TX 77042 Construction Services 41806541 ARAMARK FACILITY SERVICES 24818 NETWORK PLACE CHICAGO IL 606731248 FACILITY MAINTENANCE 41107678 Austin Commercial LP 3535 Travis St Dallas TX 75204 Construction Services 31077688 2U Inc 7900 Harkins Road Lanham MD 20706 Online Academic Program Management 29828091 ARAMARK EDUCATIONAL SERVICES 24818 NETWORK PLACE CHICAGO IL 606731248 EDUCATIONAL SERVICES 22620449 322 17471904 159207 0 13779629 136617850 11525723 168028590 Tuition and Fees 611310 981077142 981077142 0 0 Educational Revenue 611310 29543304 29543304 0 0 Room and Board 611310 44458822 44458822 0 0 Government Contracts 611310 42702199 42702199 0 0 Athletics 611310 59619183 57622869 1086069 910245 11681508 11021223 660285 0 1169082158 101726620 0 3163263 98563357 0 0 0 0 5767555 0 0 5767555 4106014 4106014 0 4106014 0 158048 3947966 5435912 5435912 0 5435912 5435912 84620 159207 119887 -35267 -35267 0 0 0 0 0 1454111582 1166425559 5067665 114589768 5774699 5774699 400185685 400185685 265493 265493 14037197 2704270 8853514 2479413 771378 497881 273497 373119737 339736739 26837005 6545993 31453286 29046871 1602610 803805 55003455 43577075 10421377 1005003 22299663 21610305 140081 549277 9857333 2825906 6594956 436471 3689174 3689174 183545 183545 338802 338802 170033 170033 6378291 6378291 70814877 44819982 25557649 437246 6441029 3416183 2797926 226920 34581438 29589808 4020450 971180 22912845 19673211 2814561 425073 301901 301901 65306674 42420989 22874638 11047 31545144 28328116 2358855 858173 10267647 9482812 403643 381192 24659143 21332463 3326680 55499687 52168343 3331344 8038353 7951999 86354 Sponsored Project Subcontract Expenses 12476329 11231977 1244352 Excise Tax 3052620 3052620 Cost of Goods Sold 240183 200445 39738 17349715 10669168 5982281 698266 1287015356 1127812321 143203943 15999092 271223 690247 311302355 265404117 96918603 98766918 77285654 90866861 1003423 1249876 0 0 129083 219947 492880 639764 37212567 47769036 2000298946 749515012 1100310329 1250783934 15832211 14044629 2283402825 2229748551 5305442 3146704 30000 0 3929496595 4003330584 81488761 116243590 129238347 112435104 196111222 192599825 20060 20060 0 0 1630833 1063418 11460475 0 597303432 581579653 1017253130 1003941650 1083057145 1142505614 1829186320 1856883320 2912243465 2999388934 3929496595 4003330584 X 167096226 -80354989 404231 X false true X true true true X 92597691 167770978 130926620 153185668 168028590 712509547 0 0 0 0 0 0 0 0 0 0 0 0 92597691 167770978 130926620 153185668 168028590 712509547 67000908 645508640 99652125 85510771 84307738 88555531 111600189 469626354 0 0 0 0 0 0 1958129 1389837 1054542 1148696 84620 5635824 1187771725 5743926124 0.5435 0.5113 X Schedule A, Part I Selection of Line 2 and Completion of Public Support Test Baylor University has been recognized as a school described in Section 170(b)(1)(A)(ii), and as such, Baylor has checked Box 2 on Schedule A, Part I and completed Schedule E. Baylor University also satisfies the Public Support Test as described under Box 7 on Schedule A, Part I. Baylor has elected to complete Schedule A, Part II in order to qualify for the special rule for reporting contributions on Schedule B. Schedule A, Part II, Line 10 Other Income DESCRIPTION - SPONSORSHIP INCOME, COLUMN A - 1054290.0, COLUMN B - 1075260.0, COLUMN C - 864853.0, COLUMN D - 885623.0, COLUMN E - 0.0, COLUMN F - 3880026.0; DESCRIPTION - INCOME FROM FUNDRAISING EVENTS, COLUMN A - 638285.0, COLUMN B - 187047.0, COLUMN C - 189689.0, COLUMN D - 263073.0, COLUMN E - 84620.0, COLUMN F - 1362714.0; DESCRIPTION - COMMISSIONS, COLUMN A - 265554.0, COLUMN B - 127530.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 393084.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 0 false true 345944 true 344807 false true 0 690751 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Institutional lobbying activities were directed both internally and by an outside governmental relations firm and three independent contractors. The Office of Governmental Relations maintained contact with local, state, and federal officials through meetings in Waco, Austin, and Washington DC to discuss matters relating to higher education, including student financial aid, tax policy, federal research funding, poverty and hunger, state funding for development of technological infrastructure, and miscellaneous local matters. A volunteer student organization, the Baylor Ambassadors, worked closely with the Office of Governmental Relations and assisted in advocating to the state legislature and U.S. Congress on issues beneficial to Baylor students, such as financial aid programs. The University also hired an outside registered governmental relations representative in Washington DC. This representative engaged in similar activities as noted above. The University responded "Yes" on line 1D but reported zero expense as the university did send emails but was not able to apportion the insignificant costs associated with such emails. Similarly, the University responded "Yes" on line 1l but reported zero related expenses as Baylor paid membership dues to the Independent Colleges and Universities of Texas, the National Association of Independent Colleges and Universities, the American Council on Education, and the National Association of College and University Business Officers . These organizations may have engaged in lobbying activities, however, no dues were specifically allocated to lobbying costs. The total amount spent by Baylor on lobbying activities represents an insignificant portion of the University's total expenses. 10 5958 133707 4097474 true true 22047 15468558 X X X false false true X 1993616602 48176376 1970824 34716517 47284277 0 1961763008 1829449463 45014379 191747006 30577331 42016915 0 1993616602 1381438203 35647488 483615079 29949805 41301502 0 1829449463 1322821444 30499130 99732103 29810345 41804129 0 1381438203 1310781136 25656753 55921600 29163738 40374307 0 1322821444 0.19 0.53 0.28 true true true 90246416 90246416 1696583768 612925983 1083657785 3683880 1701172 1982708 182523502 127768404 54755098 27261380 7119453 20141927 1250783934 1544744 F High Ground Managed Funds 196121373 F Assets Held by Others 49055410 F Baylor University Fund 1824607564 F Real Estate & Other 769042 F CP Long-Term Investments 64004560 F Bond Proceeds Held by Trustees 68325713 F Oppenheimer Long-Term Investments 15231250 F Hilltop Long-Term Investments 10088895 F 2229748551 Conditional Asset Retirement Obligation 5178455 Annuities Payable 6010474 Accrued Postretirement Benefits 39248291 Taxable Bonds 527776715 Federal Loan Funds Refundable 2617967 Lease Liability 747751 CARES Tax Deferral Liability 581579653 X Schedule D, Part III, Line 4 Collections of art - description of collections Baylor currently holds collections of art, books, and other memorabilia for educational purposes, including public exhibition and scholarly research. Schedule D, Part IV, Line 2b Explanation of escrow agreement The funds held represent the University acting in an agency capacity for various student and professional organizations, as well as outside scholarships. Schedule D, Part V, Line 4 Intended uses of endowment funds The primary objective of the Endowment portfolio is to preserve and enhance the real purchasing power of the portfolio assets to help maintain intergenerational equity of the corpus. This will occur while also providing reasonable annual support to Baylor. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TAX STATUS & ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES The University is exempt from income tax under section 501(a) of the Internal Revenue Code ("IRC") of 1986, as amended, as an organization described in section 501(c)(3) of the IRC as evidenced by its most recent determination letter dated May 23, 2002. The University has been classified as an organization that is not a private foundation because it qualifies under section 509(a)(1) as an educational institution, and donations to it qualify for deduction as charitable contributions. However, income generated from activities unrelated to the University's exempt purpose is subject to tax under IRC section 511. The University files unrelated business income tax and other returns as required by government authorities. Tax positions taken relating to the University's tax-exempt status, unrelated business income activities taxable income and deductibility of expenses, and other miscellaneous tax positions taken by the University would more likely than not be sustained by examination. Accordingly, the University has not recorded an income tax liability for uncertain tax benefits. As of May 31, 2023, the University's tax years ended May 31, 2020 through 2023, generally, remain subject to examination. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The University's nondiscrimination policy is disclosed in the admissions application and materials provided to each prospective student, as well as in publicly available student policies and procedures documents. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The University is a participant in student financial aid programs such as Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal GEAR UP, Federal Work Study, Texas Tuition Equalization Grant, receives federal and state funding for research grants and contracts, and is a recipient of HEERF institutional and student emergency grant funds. true Central America and the Caribbean 0 0 Program Services Academic Publications 3710 Central America and the Caribbean 0 0 Program Services Athletic Travel 4076 Central America and the Caribbean 0 0 Program Services Course/Conference Travel 23801 Central America and the Caribbean 0 0 Program Services Mission Trips 22566 Central America and the Caribbean 0 0 Program Services Research 41658 Central America and the Caribbean 0 0 Program Services Student Recruitment 6206 Central America and the Caribbean 0 0 Program Services Study Abroad 82069 Central America and the Caribbean 0 0 Program Services Subaward 7594 Central America and the Caribbean 0 0 Investment 60000000 East Asia and the Pacific 0 0 Program Services Academic Publications 3188 East Asia and the Pacific 0 0 Program Services Course/Conference Travel 54289 East Asia and the Pacific 0 0 Program Services Research 44757 East Asia and the Pacific 0 0 Program Services Student Recruitment 19429 East Asia and the Pacific 0 0 Program Services Study Abroad 79046 East Asia and the Pacific 0 0 Program Services Subaward 7008 Europe (Including Iceland and Greenland) 0 0 Program Services Academic Publications 445215 Europe (Including Iceland and Greenland) 0 0 Program Services Athletic Travel 3084 Europe (Including Iceland and Greenland) 0 0 Program Services Course/Conference Travel 614695 Europe (Including Iceland and Greenland) 0 0 Program Services Mission Trips 47480 Europe (Including Iceland and Greenland) 0 0 Program Services Research 1316588 Europe (Including Iceland and Greenland) 0 0 Program Services Student Recruitment 47395 Europe (Including Iceland and Greenland) 0 0 Program Services Study Abroad 3282786 Europe (Including Iceland and Greenland) 0 0 Program Services Subaward 23367 Europe (Including Iceland and Greenland) 0 0 Investment 906183 Middle East and North Africa 0 0 Program Services Course/Conference Travel 621 Middle East and North Africa 0 0 Program Services Mission Trips 3081 Middle East and North Africa 0 0 Program Services Research 2114 Middle East and North Africa 0 0 Program Services Student Recruitment 7237 Middle East and North Africa 0 0 Program Services Study Abroad 1790 Middle East and North Africa 0 0 Investment 1104164 North America (Canada & Mexico only) 0 0 Program Services Academic Publications 158684 North America (Canada & Mexico only) 0 0 Program Services Athletic Travel 88016 North America (Canada & Mexico only) 0 0 Program Services Course/Conference Travel 163845 North America (Canada & Mexico only) 0 0 Program Services Research 84691 North America (Canada & Mexico only) 0 0 Program Services Student Recruitment 25434 North America (Canada & Mexico only) 0 0 Program Services Study Abroad 19728 Russia and Neighboring States 0 0 Program Services Academic Publications 25 Russia and Neighboring States 0 0 Program Services Student Recruitment 2657 South America 0 0 Program Services Athletic Travel 704 South America 0 0 Program Services Course/Conference Travel 10177 South America 0 0 Program Services Research 27060 South America 0 0 Program Services Student Recruitment 4369 South America 0 0 Program Services Study Abroad 105487 South Asia 0 0 Program Services Academic Publications 23 South Asia 0 0 Program Services Mission Trips 8468 South Asia 0 0 Program Services Research 6081 South Asia 0 0 Program Services Student Recruitment 8002 South Asia 0 0 Program Services Study Abroad 22523 Sub-Saharan Africa 0 0 Program Services Academic Publications 343 Sub-Saharan Africa 0 0 Program Services Athletic Travel 6715 Sub-Saharan Africa 0 0 Program Services Course/Conference Travel 8817 Sub-Saharan Africa 0 0 Program Services Mission Trips 150530 Sub-Saharan Africa 0 0 Program Services Research 39465 Sub-Saharan Africa 0 0 Program Services Student Recruitment 1822 Sub-Saharan Africa 0 0 Program Services Study Abroad 96541 Sub-Saharan Africa 0 0 Investment 376250 0 0 0 0 0 0 60844612 8777042 69621654 South Asia CONSTRUCTION OF EDUCATION AND RESEARCH 66125 Europe (Including Iceland and Greenland) RESEARCH 23367 Europe (Including Iceland and Greenland) RESEARCH 100560 Sub-Saharan Africa RESEARCH 36299 East Asia and the Pacific RESEARCH 7008 Europe (Including Iceland and Greenland) RESEARCH 18409 WIRE TRANSFER Europe (Including Iceland and Greenland) RESEARCH 13724 WIRE TRANSFER 7 0 true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds The University enters into a contract with the grant recipient that describes the recipient's responsibilities for the use of the grant funds. Under the terms of the contract, the recipient is usually required to submit quarterly and final written progress reports to the Principal Investigator ("PI") or project director for the grant, and funds are normally paid to the recipient on a cost reimbursable basis. When the grant recipient submits an invoice for reimbursement, the PI is responsible for reviewing the invoice to ensure the expenditures are consistent with the established budget and with the work completed to date, prior to approving the amount for payment. Grant recipients subject to the U.S. Office of Management and Budget Uniform Grant Guidance are also required to provide certification of their compliance with the financial audit requirements of those guidelines prior to receiving funds. Thereafter, the University requests an annual certification of continuing compliance and a copy of their most recent audit report. If any of the above processes indicate an area of concern, site visits may be conducted by the University to review the programmatic and/or financial records. In some situations, the University will provide an advancement of funds to grant recipient. The grant recipient then submits a monthly expense packet to the PI which Accounting reviews for reasonableness and recognizes the month's expense activity accordingly. Additionally, the University contracts with an outside accounting firm to conduct a review of foreign expenses incurred under the grant. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X X true RUFFALO NOEL LEVITZ 65 KIRKWOOD N RD SW PO BOX 3018 CEDAR RAPIDS IA 524063018 Multichannel Fundraising Services false 769048 457863 311185 769048 457863 311185 CA CO CT FL GA AL HI IL KS KY LA ME AK MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA AR WA WV WI Ornament Sale Fundraiser 136367 70437 65930 89362 Fightin' Bear Golf Classic 67995 58090 9905 14396 1 39465 30680 8785 16129 243827 159207 84620 119887 119887 -35267 Schedule G, Part I, Line 2b(v) Fundraising Expenses Baylor did not enter into any arrangements in which payments were made exclusively for fundraising expenses. true Anselm House 1337 Cleveland Ave N St Paul MN 55108 411428036 501(C)3 40869 Subcontract - Research Arizona State University 1551 S Rural Rd Tempe AZ 85287 860196696 State of Arizona 14274 Subcontract - Research Auburn University 208 M White Smith Hall Auburn AL 36849 636000724 State of Alabama 33651 Subcontract - Research Baylor Scott & White Research Institute 1950 N Stemmons Fwy Ste 5010 Dallas TX 75207 751921898 501(c)3 276109 Subcontract - Research Center for Open Science 210 Ridge McIntire Rd Suite 500 Charlottesville VA 22903 461496217 501(C)3 39122 Subcontract - Research Chesterton House Inc PO Box 4405 Ithica NY 14852 161600224 501(c)3 23000 Subcontract - Research Collegium Institute PO BOX 30730 Philadelphia PA 19104 463047945 501(c)3 23000 Subcontract - Research Colorado School of Mines 1500 Illinois St Golden CO 80401 846000551 State of Colorado 51580 Subcontract - Research Consortium of Christian Study Centers 485 Hillsdale Drive Suite 112 Charlottesville VA 22901 263864831 501(c)3 23000 Subcontract - Research Gallup Inc PO Bpx 310284 Des Moines IA 50331 210699771 25000 Subcontract - Research Harvard University PO Box 415649 Boston MA 02241 042103580 501(C)3 437381 Subcontract - Research Hope College 141 E 12th St Holland MI 49423 381381271 501(C)3 69219 Subcontract - Research Loyola Marymount University One LMU Drive Los Angeles CA 90045 951643334 501(c)3 23940 Subcontract - Research Lumen Christi Institute 1220 E 58th Street Chicago IL 60637 364191992 501(c)3 23000 Subcontract - Research McLane Global 1902 Cypress Station Drive Suite 2 Houston TX 77090 943200390 1385249 Subcontract - Public Service McLennan Community College 1400 College Dr Waco TX 76708 741541260 State of Texas 7361 Subcontract - Research Michigan Technological University 1400 Townsend Dr Houghton MI 49931 386005955 State of Michigan 10531 Subcontract - Research Montana State University 309 Montana Hall Bozeman MT 59717 816010045 State of Montana 11837 Subcontract - Research National Children's Alliance Inc 516 C Street NE Washington DC 20002 631044781 501(c)3 35860 Subcontract - Research North Carolina Study Center 203 Battle Lane Chapel Hill NC 27514 465216355 501(c)3 23000 Subcontract - Research Northeastern University 360 Huntington Ave 540-177 Boston MA 02115 041679980 501(C)3 21174 Subcontract - Research PepsiCo Foundation Inc 700 Anderson Hill Road Purchase NY 10577 136163174 501(c)3 891078 Subcontract - Public Service Rice University 6100 Main St Houston TX 77005 741109620 501(C)3 39278 Subcontract - Research TA Instruments - Waters LLC 159 Lukens Dr New Castle DE 19720 510389767 8570 Subcontract - Research Texas A&M Sponsored Research Services 400 Harvey Mitchell Parkway S College Station TX 77845 741974733 State of Texas 80785 Subcontract - Research Texas State University 601 University Drive JCK 420 San Marcos TX 78666 746002248 State of Texas 17581 Subcontract - Research The Howard University 525 Bryan St NW Ste 137 Washington DC 20059 530204707 501(C)3 26674 Subcontract - Research The University of Texas HSC at San Antonio 7703 Floyd Curl Drive MSC 7828 San Antonio TX 78229 741586031 State of Texas 14977 Subcontract - Research The Urban Institute 500 LENFANT PLAZA SW Washington DC 20024 520880375 501(c)3 459806 Subcontract - Public Service Trustees Univ of Pennsylvania PO Box 785541 Philadelphia PA 19178 231352685 State of PA 187070 Subcontract - Research University Enterprises Corp at CSUSB 5500 University Parkway AR-111 San Bernardino CA 92407 956067343 501(C)3 10869 Subcontract - Research University of Arkansas Fayetteville Campus 1 University of Arkansas Fayetteville AR 72701 716003252 State of Arkansas 23030 Subcontract - Research University of California Davis One Shields Ave Davis CA 95616 946036494 State of California 23204 Subcontract - Research University of California Riverside 900 University Ave Riverside CA 92521 956006142 State of California 74006 Subcontract - Research University of Colorado Denver 13001 East 17th Place Aurora CO 80045 846000555 State of Colorado 12646 Subcontract - Research University of Houston PO Box 988 Houston TX 77001 746001399 State of Texas 126919 Subcontract - Research University of Maryland College Park Room 4101 Chesapeake Building College Park MD 20742 526002033 State of Maryland 24904 Subcontract - Research University of Michigan 1000 Victors Way Suite 1A Ann Arbor MI 48108 386006309 State of Michigan 64442 Subcontract - Research University of Nebraska Medical Center 987835 Nebraska Medical Center Omaha NE 68198 470049123 State of Nebraska 41779 Subcontract - Research University of Nebraska-Lincoln 151 Prem S Paul Research Center Lincoln NE 685830861 470049123 State of Nebraska 44031 Subcontract - Research University of North Texas 1155 Union Circle 305250 Denton TX 76203 756002149 State of Texas 38162 Subcontract - Research University of Notre Dame 836a Grace Hall Notre Dame IN 46556 350868188 501(c)3 40901 Subcontract - Research University of South Dakota 414 E Clark Vermillion SD 57069 466000364 State of SD 14206 Subcontract - Research University of Texas At Austin PO Box 7159 Austin TX 78713 746000203 State of Texas 160267 Subcontract - Research University of Texas HSC-Tyler 11937 US HWY 271 Tyler TX 75708 756001354 State of Texas 31838 Subcontract - Research University of Texas SW Medical Center PO Box 841765 Dallas TX 75284 756002868 State of Texas 205671 Subcontract - Research UTSA 1 UTSA Circle San Antonio TX 78249 741717115 State of Texas 81572 Subcontract - Research Wayne State University 5057 Woodward 13th Floor Detroit MI 48202 386028429 State of Michigan 48008 Subcontract - Research Wisniewski Enterprises 17623 White Marble Dr Monument CO 80132 461909645 13755 Subcontract - Research Fuzzy Friends Rescue PO Box 2028 Waco TX 76703 752699210 501(c3) 8000 Event Sponsorship Heart of Texas Goodwill Industries Inc 1700 S New Road Waco TX 76711 741238443 501(c3) 6000 Grant to Support Non-Profit Organization Activites Waco Habitat for Humanity PO Box 2124 Waco TX 76703 752130884 501(c3) 7600 Grant to Support Non-Profit Organization Activites Bartimaeus Ministries 1500 Columbus Waco TX 76701 742977422 501(c3) 8000 Grant to Support Non-Profit Organization Activites Greater Waco Collective Impact Initiative 5002 Lakeland Circle Suite B Waco TX 76710 465714986 501(c3) 11500 Grant to Support Non-Profit Organization Activites Waco Entrepreneurial Ecosystem Collaborative 605 Austin Ave Waco TX 76701 822094253 501(c3) 50000 Grant to Support Non-Profit Organization Activites Talitha Koum 1311 Clay Ave Waco TX 76706 752849153 501(c3) 10000 Grant to Support Non-Profit Organization Activites Waco Chamber of Commerce PO Box 1220 Waco TX 76703 740967440 501(c3) 92300 Grant to Support Non-Profit Organization Activites Brazos Valley Public Broadcasting Foundation One Bear Place 97296 Waco TX 76798 742674611 501(c)3 110000 183837 FMV Materials and Supplies Programming and Production Cost Assistance Regents of the University of California - UC Irvine 228 Aldrich Hall Irvine CA 92697 952226406 State of California 67111 Subcontract - Research 55 4 SCHOLARSHIPS AND FELLOWSHIPS 17466 397688606 RESEARCH GRANTS 15 163927 STUDENT AWARDS 2410 1797824 535328 FMV BOOKS, ON-CAMPUS ROOM AND BOARD, AND OTHER STUDENT EXPENSES SUCH AS CLOTHING, TRANSPORTATION, ETC. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grants and Other Assistance to Individuals in the United States: Scholarships and fellowships that are awarded to students are paid through the students' accounts, the Payroll Office, and/or Accounts Payable Office and are administered based upon merit and/or need. Baylor's Financial Aid Office reviews the students' cumulative grade point averages every year and awards/reviews academic scholarships and fellowships if the required grade point average level is satisfied. Scholarships for financial need are awarded annually based upon the need criterion/level established or maintained per the completed Application for Federal Student Aid. The scholarship awards that are included in the cost of attendance are reviewed so as not to exceed the cost of a student to attend the University. Scholarships and/or fellowships are also awarded to cover student emergency situations. Students must complete an application describing the emergency situation. The University reviews each application to determine if such scholarships/fellowships will be awarded. Travel Grants - Travel grants are awarded to students to offset travel expenses used for educational purposes such as attending a conference, presenting a paper, etc. The awarding of travel grants is based upon an application process and meeting a set of criteria that establish the benefits to the students' educational endeavors. Research Grants - The Office of the Vice Provost for Research (OVPR) publishes guidelines for each of the internal grant programs that provide the general conditions of the award, as well as guidance on the expenses that may be charged to the award. Each grant is set up as a separate project in the University's financial system based on the award amount and budget categories approved by the OVPR. The financial system provides real time access to a Budget Summary Report for the project that provides a comparison of budgeted expenditures to cumulative actual expenditures by expenditure category. This report can be accessed by the Project Manager and others with administrative and financial oversight responsibilities. Expenditure transactions under internal grant programs are subject to internal controls for approval and processing similar to other University expenditure transactions. The system does not allow expenditures to be processed in excess of or outside of the approved budget categories. Student Awards - These awards are provided to students for winning educational competitions. The purpose of the competitions is to further the education of students. Grants and Other Assistance to Governments and Organizations in the United States - The University enters into a contract with the grant recipient that describes the recipient's responsibilities for the use of the grant funds. Under the terms of the contract, recipients are required to submit quarterly and final written progress reports to the principal investigator ("PI") or project director for the grant, and funds are paid to the recipient on a cost reimbursable basis. When the grant recipient submits an invoice for reimbursement, the PI reviews the invoice to ensure the expenditures are consistent with the established budget and with the work completed to date, prior to approving the amount for payment. Grant recipients subject to the U.S. Office of Management and Budget Circular A-133 Audits of States, Local Governments, and Non-Profit Organizations are also required to provide certification of their compliance with the financial audit requirements of those guidelines prior to receiving funds. Thereafter, the University requires an annual certification of continuing compliance and a copy of their most recent audit report. If any of the above processes indicate an area of concern, site visits may be conducted by the University to review the programmatic and/or financial records. Charitable organizations that receive contributions from the University are carefully selected and must be approved through the Chief of Staff to the President & Vice President for Board Relations. Student organizations that are provided University grants must complete an application describing the need for the grant. University contributions must support the University's interest and be consistent with the University's core values. X X X X X X false true X X X X X X false true false false false false false true true true Sara L Dolan Regent 175519 0 0 0 700 0 19690 0 20104 0 216013 0 0 0 Brian Raines Regent 205313 0 0 0 1575 0 23059 0 23148 0 253095 0 0 0 Kevin Jackson Vice President for Student Life 254808 0 42277 0 21473 0 32940 0 24752 0 376250 0 0 0 Linda Livingstone President 1079388 0 340075 0 182940 0 182940 0 120196 0 1905539 0 101457 0 Chris Holmes General Counsel & Chief Legal Officer and Corporate Secretary 432058 0 64270 0 3302 0 32940 0 83990 0 616560 0 0 0 Jason Cook Vice President for Marketing & Communications and Chief Marketing Officer 365049 0 57026 0 15611 0 32940 0 56809 0 527435 0 0 0 Robyn Driskell Chief of Staff to the President and Vice President of Internal Administration 288931 0 42632 0 1885 0 32940 0 26407 0 392795 0 0 0 Cheryl Gochis Vice President for Human Resources and Chief Human Resources Officer 293363 0 35625 0 1925 0 32940 0 22048 0 385901 0 0 0 Mack Rhoades IV Vice President and Director of Athletics 2445369 0 297500 0 64864 0 32940 0 35493 0 2876166 0 0 0 Dave Rosselli Vice President for University Development 454089 0 92860 0 228682 0 32940 0 23442 0 832013 0 209152 0 Susan Anz Deputy CBO & Assistant Secretary 272709 0 0 0 402 0 30972 0 72518 0 376601 0 0 0 Kristy Orr Board Professional 203919 0 19764 0 1453 0 24510 0 9453 0 259099 0 0 0 Dave Clendennen Asst Vice President for Financial Systems & Asst Treasurer 152685 0 0 0 20400 0 19769 0 21082 0 213936 0 0 0 Brett Dalton Chief Business Officer 483663 0 71958 0 30483 0 32940 0 9353 0 628397 0 0 0 Nancy Brickhouse Vice President and Provost 516263 0 77940 0 22018 0 32940 0 22011 0 671172 0 0 0 Brett Powell Associate VP of Finance & Treasurer 255485 0 0 0 0 0 28229 0 19276 0 302990 0 0 0 Tiffany Hogue Chief of Staff to the President 220422 0 32250 0 439 0 27360 0 1508 0 281979 0 0 0 David Morehead Chief Investment Officer 410059 0 789050 0 0 0 32940 0 25594 0 1257643 0 0 0 Gary Carini Vice Provost 390968 0 0 0 1158 0 32940 0 78237 0 503303 0 0 0 Lee Nordt Dean of Arts & Sciences 298484 0 0 0 762 0 32940 0 21235 0 353421 0 0 0 Dave Aranda Football Head Coach 3689345 0 658750 0 137839 0 32940 0 22011 0 4540885 0 0 0 Scott Drew Head Men's Basketball Coach 4988659 0 272500 0 66813 0 32940 0 49149 0 5410061 0 0 0 Ron Roberts Football Defensive Coordinator 810934 0 168000 0 36296 0 32940 0 27846 0 1076016 0 0 0 Jeff Grimes Football Offensive Coordinator 1250056 0 163000 0 42312 0 32940 0 30004 0 1518312 0 0 0 Nicki Collen Head Women's Basketball Coach 887608 0 184000 0 51776 0 32940 0 24921 0 1181245 0 0 0 Darin Davis Former Vice President for University Mission (thru 06/2019) 164970 0 0 0 0 0 19055 0 51387 0 235412 0 0 0 Gary Mortenson Former Acting Vice Provost (thru 04/2019) 216184 0 0 0 2058 0 24102 0 18260 0 260604 0 0 0 Gaynor Yancey Former Regent (thru 05/20) 149618 0 0 0 0 0 16507 0 9208 0 175333 0 0 0 Andrea Dixon Former Regent (thru 05/2019) 294641 0 0 0 0 0 32450 0 12952 0 340043 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel Five officers traveled via charter flights to engage in various business activities such as donor cultivation activities, media events and recruitment. Charter flights were used by two highly compensated employees to engage in various business activities such as student athletic recruiting, and attend media events. First-class trips are disallowed by University policy unless approved as an exception to policy. No first-class travel was approved during the tax year. Schedule J, Part I, Line 1a Travel for companions Occasionally, family members or guests of listed persons were provided travel. The University policy and practice is to review travel activities that occur throughout the year and report the value of such travel as taxable compensation to listed persons if no bona fide business purpose existed or the fifty percent seating capacity rule is inapplicable for the companion travel. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Men's and Women's head basketball coaches, head football coach and Vice President & Director of Athletics had personal travel stipends grossed-up to provide contractual amounts owed by the University. Vice President & Director of Athletics and Vice President of Marketing & Communications received gross-up payments covering the additional taxes owed on supplemental payments for child's tuition costs. Head Football Coach was provided a suite and the value of the suite was grossed-up to cover the taxes owed for personal usage. All above described payments were reported as taxable income, including the tax on the gross-up payments. Additionally, the University may occasionally gross-up other payments, but all such payments are included in the taxable income of the applicable employee. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Baylor, in some instances, provides temporary housing to employees during their transition to beginning work at the University. This temporary housing is reported as taxable income. Baylor provided President with a house located on campus as a condition of employment and for the convenience of the University. The provision of the house was not included as taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Three officers and three highly compensated employees were provided country or social club memberships in one or more local clubs. All club memberships were reported as taxable compensation. Schedule J, Part I, Line 1a Personal services Baylor provided housekeeping services for the University house where the President resides. The portion of the housekeeping expenses used for personal purposes was included as taxable income. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses The University has a written policy for the following benefits: first-class travel and charter travel, and travel for companions. The Baylor aircraft policy is only applicable to Baylor-provided charter travel. Other charter travel used by the Athletic Department for team travel is based upon the need of the sport. Club memberships are reported as taxable income. Tax indemnification and gross-up payments are included in contractual arrangements and/or require Board of Regents approval. The President's housing was provided as a condition of employment per the terms of contract, and the house was provided for the convenience of the University. Housekeeping services are handled as noted above. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Baylor University President participated in a nonqualified deferred compensation arrangement under Internal Revenue Code section 457(f) and received an accrued benefit of $150,000 during 2022. An additional amount shall be accrued next year. The accrued deferred compensation amounts shall vest and be payable beginning May 31, 2021 through May 31, 2030, or if earlier, upon termination without cause, death or disability. President will not have right to the funds if she voluntarily resigns or is terminated for cause. Baylor University Vice President for Advancement participated in a nonqualified deferred compensation arrangement ("deferred plan") under Internal Revenue Code section 457(f) during 2022. If a target fundraising goal is met for a corresponding fiscal year, then a set percentage of annual base salary is contributed to the deferred plan. Fiscal year contributions are to be credited to the Vice President for Advancement's account through fiscal year ending May 31, 2023. These contributions will vest following the last fiscal year as long as Vice President for Advancement remains continuously employed in this position through this vesting date unless upon termination without cause, death or disability. An accrued benefit of $32,940 was received during 2022. The Vice President & Director of Athletics is a participant in a split-dollar insurance plan. The University makes premium loan payments on the policies over the next four years. A premium loan in the amount of $240,000 was paid in calendar year 2022. The Vice President & Director of Athletics is the owner of the policies utilized in the arrangement, and the University shall receive repayment of all premium loans, including interest, in accordance with the plan documents. The premiums are treated for tax purposes as nonrecourse split-dollar loans under 26 CFR 1.7872-15. Payment of the amount due the University (lender) under the agreement is, or could be considered, nonrecourse to the borrower. Notwithstanding that fact, the lender and borrower represent that a reasonable person would expect that all payments due the lender under the agreement will be made. Baylor University Football Head Coach participated in a nonqualified deferred compensation arrangement under Internal Revenue Code Section 457(f) and received an accrued benefit of $200,000 during 2022. An additional amount shall be accrued next year. The accrued deferred compensation amounts shall vest and be payable beginning March 31, 2023 through March 31, 2029, or if earlier, upon termination without cause, death, or disability. Football Head Coach will not have right to the funds if he voluntarily resigns or is terminated for cause. Schedule J, Part I, Line 7 Non-fixed payments Chief Investment Officer received a bonus calculated using a portion of base pay and applying a percentage based upon qualitative assessment of performance plus a percentage per the bench-marked performance of Baylor's pooled investment, the Baylor University Fund. Vice President for Advancement received a bonus equal to a percentage of base pay based upon surpassing productivity benchmarks. Highly compensated coaches may receive championship rings and/or gift cards, which are reported as taxable income. Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception Fixed payments associated with the contracts entered into with the President, Vice President and Provost, Chief Business Officer, and Vice President for Marketing & Communications & Chief Marketing Officer are subject to the initial contract exception. These officers were not disqualified persons immediately prior to entering into the initial contract. A WACO EDUCATION FINANCE CORPORATION 020603383 929833BM2 2020-08-20 50142183 REFUNDING OF PRIOR ISSUE DATED 05/30/2017 false false false B WACO EDUCATION FINANCE CORPORATION 020603383 929833CV1 2021-07-08 149355559 SEE PART VI false false false A 50142183 228991 49913192 true false true true B 2000000 152363348 811360 83226275 68325713 false false false true A false false true true true true 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false false true false false false false false true B false true false false false false false false true A true B true Schedule K, Part V Part V Baylor has procedures that it follows for tax-exempt bonds to ensure compliance with applicable Federal regulations and to identify any potential violations of Federal tax requirements. Baylor's procedures have been in place since the issuance of the bonds and are periodically reviewed and updated. Schedule K, Part II, Line 11 Column A Other Spent Proceeds were used to refund the Series 2017 issue Schedule K, Part I, Column (a) COLUMN (F) THE PURPOSE OF THE ISSUE IS (i) FINANCE AND REFINANCE THE COSTS OF CERTAIN BUILDINGS, EQUIPMENT, FACILITIES AND OTHER IMPROVEMENTS BENEFITTING BAYLOR, INCLUDING ALL OR A PORTION OF THE COSTS RELATING TO THE CONSTRUCTION AND EQUIPPING OF THE MARK AND PAULA HURD WELCOME CENTER AND THE RENOVATION AND EQUIPPING OF THE COLLINS, MEMORIAL AND ALEXANDER RESIDENCE HALLS. Schedule K, Part I, Column (b) LINE 13, COLUMB B IT IS THE UNDERSTANDING OF THE UNIVERSITY THE YEAR OF SUBSTANTIAL COMPLETION RELATES TO NON-REFUNDING PROCEEDS, AND THE 2020 ISSUE WAS A REFINANCING ISSUE ONLY. THE REFUNDING WAS COMPLETED IN 2020. Schedule K, Part II, Line 3 COLUMN A THE TOTAL PROCEEDS EXCEEDS THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND Schedule K, Part III, Line 6 COLUMN B THE BOND FINANCED PROPERTY WHICH HAS PRIVATE BUSINESS USE ALSO HAS QUALIFIED EQUITY WHICH EXCEEDS THE AMOUNT OF ANY PRIVATE BUSINESS USE GENERATED, SO THE RESULTING PERCENTAGE IS 0. Mack Rhoades IV Current Officer See Part V X 960000 1249876 false true true 1249876 NOT REQUIRED NOT REQUIRED 75000 Academic Scholarships NOT REQUIRED NOT REQUIRED 13450 Need-Based Scholarships NOT REQUIRED NOT REQUIRED 10770 GRAD TA Richard Gochis Spouse OF OFFICER Cheryl Gochis 142771 EMPLOYMENT false Steve Cates Brother-in-law of Officer Cheryl Gochis 115712 EMPLOYMENT false Will Driskell Spouse of Officer Robyn Driskell 129180 Employment false Andrew Charbine Son-in-law of Officer Mack Rhoades 106149 Employment false CARMEN BENTE DAUGHTER OF REGENT RENE MACIEL 57434 EMPLOYMENT false TAYLOR BUCHANAN DAUGHTER OF OFFICER KEVIN JACKSON 39392 EMPLOYMENT false BRENDA DAVIS FAMILY MEMBER OF FORMER OFFICER DARIN DAVIS 104655 EMPLOYMENT false ANDY HOGUE FAMILY MEMBER OF OFFICER TIFFANY HOGUE 129035 EMPLOYMENT false SYDNEE HUMPHRIES DAUGHTER OF OFFICER DAVE ROSSELLI 84859 EMPLOYMENT false Mark Brickhouse Family Member of Officer Nancy Brickhouse 9775 Employment false Lea Caffey Family member of Regent Mark E. Lovvorn 99388 Employment false Schedule L, Part IV Part IV All business transactions involving interested persons were entered into on an arm's length basis with the interested party having no involvement in or influence over the transaction. Schedule L, Part I, Line 1, Column (c) Part I Baylor University provides supplemental retirement benefits through an alternative funding arrangement the IRS calls "collateral assignment split dollar" (CASD). Although the IRS requires reporting in the loan section of Schedule L, CASD is not a loan because no funds are transferred to the executive. Rather the "loan" treatment applies because after the executive has received the retirement benefits, the University recovers all its outlays plus interest. The recovery right is a key advantage of CASD for the University. Rather than paying retirement benefits to the executive that would never be recovered, under the CASD, the University recovers not only its outlays but also consideration for the time value of money. CASD works as follows. Baylor University deposits funds into cash value life insurance policies on the executive's life. During life, to the extent the executive fulfills service and vesting requirements, the executive can borrow against the cash surrender value to supplement retirement income. Policy performance is closely monitored. If policy performance lags, the executive's borrowing rights are reduced to protect the University's recovery rights. At the executive's death, the policy death proceeds are first used to repay Baylor University's deposits plus compounded interest (at the IRS long-term applicable federal rate). The executive's beneficiary then receives any projected retirement borrowing the executive did not access during life. X 122 8770173 Other - Average of high and low market X 15 565951 Market value X Horse 6 1695000 Opinions of experts X Gift Cards 2 20000 Other - Invoices/Receipts X Vehicle Leases 1 372000 Market value X Events 2 3239 Other - Market Value X Miscellaneous Items 9 19997 Other - None X Equipment 5 20298 Market value X Boat 1 4065 Market value X Vehicle 1 55000 Market value 1 false true true Schedule M, Part I, Line 1 Column (B) Number of Contributions or Items Contributed Baylor reported the receipt of these noncash contributions based on the number of contributions which at times also equals the number of items received. Schedule M, Part I, Line 33 Explanation of Revenues Not Reported Some items included in Schedule M were valued at $1.00. The donor did not provide the University with an appraisal and the University did not have other knowledge of the valuation of these items. For this reason, the University did not show revenue for these donations other than $1.00 which represents receipt of the items. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions For stock gifts, third party brokers are used to trade the stock and brokers have a standing order to sell stock immediately upon receipt. Such arrangements are based on varying cents-per-share. The majority of trades are executed by a "market order." Form 990, Part III, Line 4d Description of other program services (Expenses $ 88,135,737 including grants of $ 5,938,626)(Revenue $ 54,383,708) Research, Public Service and Auxiliaries: Other program service areas include research activities, public service activities and auxiliary enterprises operated by the university. Research activity includes grants and contracts to conduct sponsored research, primarily in five key initiatives: health; data sciences; materials science; human flourishing, leadership, and ethics; and Latin America. Public service includes activities which primarily benefit individuals and organizations external to the university. Auxiliary enterprises are comprised generally of the following items: residence halls, dining services, bookstore, rental properties and vending services. Form 990, Part V, Line 1a Number Reported in Box 3 of Form 1096 Included in the number of forms reported in box 3 of Form 1096 are 24,751 1098-T Forms, 606 1098-E Forms; 126 1099-MISC Forms; 833 1099-NEC Forms; 0 1099-K Forms, 0 1099-R Forms, and 0 1099-S Form. Form 990, Part VI, Line 12a PART VI, LINES 12-15 BAYLOR UNIVERSITY'S POLICIES DETAILED IN LINES 12-15 DO NOT DIRECTLY APPLY TO ITS DISREGARDED ENTITIES. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consisted of the Chair, Vice Chairs, the chairs from among the Board's standing committees, the Emeriti Chair (subject to the requirement contained in Board Policy) and, if still serving as a member of the Board, the immediate past Chair of the Board. The President also served as a non-voting member of the Executive Committee. The Board Chair also served as the Chair of the Executive Committee. This Committee had full authority of the Board to act on corporate issues between meetings with the exception of the following matters, which matters are specifically reserved for the Board: (1) any action regarding Baylor's mission, vision or strategic plans; (2) amendment of the certificate of formation, bylaws or board guidelines; (3) conferral of degrees; (4) selection, evaluation, or termination of the President; (5) termination of a Vice President or member of the President's Executive Council; (6) election of Baylor University Regents and Board officers; (7) removal of a Regent; (8) election of Regents to affiliated organizations; (9) any action increasing or decreasing the University's annual budget; (10) any action using Baylor credit; (11) determination of reasonableness of salaries, other compensation and benefits of disqualified or highly compensated persons; (12) any matter in which any voting or ex officio member of the Executive Committee asks to be considered by the Board; (13) capital projects and real property transactions. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Baptist General Convention of Texas, a nonprofit Texas corporation, has the authority to elect up to 25% of the members of Baylor University's Board of Regents. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Baylor University's Board of Regents may be required to obtain approval from the Baptist General Convention of Texas regarding certain changes to its governing documents which address board composition. Form 990, Part VI, Line 11b Review of form 990 by governing body The return was reviewed by the University's outside tax accountants. Additionally, a copy of the Form 990 was distributed to all Regents and a review of the Form 990 was performed by the Regent Audit Committee. Senior administration including the President, Chief Business Officer, Assoc. Vice President of Finance/ Treasurer, General Counsel & Chief Legal Officer and Corporate Secretary, Chief of Staff to the President and Vice President for Board Relations, and Chief Audit Officer participated in the review and discussion regarding the Form 990 and attached schedules with the Regent Audit Committee. All Board members were invited to participate in the Audit Committee meeting. A final copy of the return was provided to all Regents prior to the filing of the Form 990. Form 990, Part VI, Line 12c Conflict of interest policy Baylor University maintains three separate conflict of interest policies applicable to the following groups: (1) Board of Regents; (2) all full-time faculty and staff, and some part-time employees as deemed necessary; (3) all personnel responsible for the design, conduct, or reporting of research. Each group is required to complete an annual conflict of interest disclosure form or dual interest form. Regents: Internal Audit and Management Analysis (IA) reviews all completed Regent conflict disclosure forms and consults with the President, Chief Business Officer, General Counsel & Chief Legal Officer, and other University administrators, if necessary. The Chief Audit Officer presents the results of the review to the Board of Regents Audit Committee. A Regent is not allowed to be involved in discussions, nor vote on related matters, should a conflict of interest exist. Conflicts of interest of a severe nature involving a Regent are addressed via the appropriate Baylor University Board of Regents Bylaws with the action(s) being determined by the Board that could include removal of that Regent as a member of the Board of Regents. Full-time faculty and staff, and some part-time employees as deemed necessary: IA initially reviews all completed dual interest forms. If an actual or perceived conflict exists, the statement will be reviewed by the Conflict of Interest Review Committee (review committee). The review committee is made up of the Chief Business Officer, the Vice President and Chief Human Resources Officer, the Vice Provost for Academic Affairs and Policy, a designated attorney from the Office of General Counsel, the Vice President and the Chief Compliance and Risk Officer, the Vice Provost for Research (or designees), and the Chief Audit Officer. The review committee shall take such action as reasonably may be necessary to eliminate any actual or perceived conflict of interest or otherwise safeguard the interests of the University through a management plan. For potential conflicts reported by the President, the Regent Audit Committee will review those matters and make the final decision. The Chief Audit Officer annually reports to the President the number of employees who have reported actual or perceived conflicts and the nature of the conflicts along with recommended plans to resolve them. The Chief Audit Officer also presents the results of the review to the Board of Regents Audit Committee. Employees are restricted from participating in the decision-making process for those transactions that involve the acquisition of goods or services should a conflict of interest exist. Employees who deliberately or repeatedly fail to disclose fully and truthfully dual interest situations or fail to comply with any stipulated management plan for managing the disclosed conflicts will be subject to the applicable University disciplinary processes. Personnel responsible for the design, conduct, or reporting of research: the Office of the Vice Provost for Research (OVPR) reviews all completed research conflict of interest disclosures. If an actual or perceived conflict exist, the statement will be reviewed by the review committee. The review committee shall take such action as reasonably necessary to eliminate any actual or perceived conflict of interest or otherwise safeguard the interests of the University through a management plan. OVPR notifies granting agencies of research conflicts of interest that arise as required as well as any associated management plans. Form 990, Part VI, Line 15a Process to establish compensation of top management official Baylor's procedures and practices in support of the Board of Regents Guidelines for Board Operations ensure that compensation arrangements for the President must be approved by the Board in order to go into effect. A Regent subcommittee conducts the President assessment process and obtains and reviews appropriate comparable compensation data annually and as needed in order to review and approve compensation arrangements. The comparability data comes from a variety of sources which includes qualified, independent outside compensation consultants selected by the Board of Regents, surveys conducted by outside consultants that includes salaries and/or benefits data, Form 990 data from other institutions, College and University Professional Association for Human Resources surveys, and Western Management Group Surveys. The Regent subcommittee reviews the reasonableness of compensation arrangements against the comparability data as well as the performance of the President and documents the basis of their determinations and actions concurrent with making the determination. The documentation includes the terms of the transaction, the date of approval, the names of the Regent subcommittee members present during the review and vote on the transaction, the comparability data relied upon and the basis for the determination. The Regent subcommittee subsequently presents its recommendations to the full Regent Board for approval, which is concurrently documented as well. This process was performed in 2022-2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees Baylor's procedures and practices ensure that compensation arrangements for other officers and key employees deemed to be disqualified persons and/or highly compensated must be approved by the Board of Regents in order to go into effect. A Regent subcommittee obtains and reviews appropriate comparable compensation data annually, and as needed, in order to review and approve compensation arrangements for other officers and key employees deemed to be disqualified persons and/or highly compensated. This includes the review and approval of the President's salary recommendations for President's Council members. The comparability data is sourced from a variety of sources which includes qualified, independent outside compensation consultants selected by the Board of Regents. Comparability data sources can vary dependent upon the type of position being reviewed. Standard sources of data are Form 990 data from other institutions, College and University Professional Association for Human Resources surveys, Western Management Group Surveys, Winthrop Athletic database, and other industry specific surveys as applicable. The Regent subcommittee reviews the reasonableness of compensation arrangements against the comparability data and documents the basis of their determinations and actions concurrent with making the determination. The documentation includes the terms of the transaction, the date of approval, the names of the Regent subcommittee members present during the review and vote on the transaction, the comparability data relied upon and basis for the determination. The Regent subcommittee subsequently presents its recommendations to the full Regent Board for approval, which is concurrently documented as well. This occurs annually and as needed. All officers and key employees that are included in Part VII, Section A, were reviewed under this process in 2022-2023. Form 990, Part VI, Line 19 Required documents available to the public Baylor's certificate of formation, bylaws, guidelines for board operations, statement of commitment and responsibilities, conflict of interest policies, and annual financial statements are posted on Baylor's website. Form 990, Part VII, Section A, Line 1a, Column (E) Compensation from Related Organizations Baylor transmits an annual questionnaire with pertinent instructions and definitions to each of its current and former regents, officers, key employees, and highest compensated employees listed on Part VII, Section A, inquiring into amounts of any reportable compensation or other compensation received by these individuals from a related organization. The questionnaire includes the name, title, date, and signature of each person reporting the information to Baylor. No amounts were reported for the fiscal year ending 5/31/23. Form 990, Part VII, Section A, Line 1a, Column (B) Average Hours Per Week The average hours reported per week for Regents Sara Dolan, Brian Raines, Gaynor Yancey (Former Regent), and Andrea Dixon (Former Regent) include average hours in their roles as board members and employees of the University. Four former officers have average hours reported because these individuals were employed during all of the calendar year that fell within the current tax year but not in the role as officers. Form 990, Part VII, Section A, Line 1a, Column (D) Reportable compensation from the organization Reportable compensation for Regents Sara Dolan and Brian Raines include compensation in their roles as employees and regents of the University. Gaynor Yancey and Andrea Dixon are reported on Part VII as Former Regents, but they continue to receive reportable compensation in their roles as employees of the University. Form 990, Part VIII, Line 1h Total Contributions, Gifts Grants and Other Similar Amounts Contributions and grants reported in the University's audited financial statements and Form 990 appropriately exclude intents to give (pledges) and revocable deferred giving commitments. Form 990, Part VIII, Line 2f Other Program Service Revenue Auxiliary Income - Total Revenue: 11681508, Related or Exempt Function Revenue: 11021223, Unrelated Business Revenue: 660285, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Present Value Adjustment to Annuities Payable - -577403; Changes in Postretirement Benefit Obligations - 981634; Schedule J, Part I, Line 7 Bonus and Incentive Compensation Incentive payments to officers and highly compensated employees include discretionary payments earned through completion of conditions identified in employment contracts. BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM One Bear Place 97296 WACO TX 767987296 742674611 PROVIDE AND PROMOTE QUALITY EDUCATIONAL PROGRAMMING TX 501(c)(3) 7 BAYLOR UNIVERSITY true FB KIRCHNER SCHOLARSHIP FUND #6886 FROST NATIONAL BANK PO BOX 2950 SAN ANTONIO TX 78299 742646348 PROVISION OF SCHOLARSHIPS TX 501(c)(3) Type III-O BAYLOR UNIVERSITY true BRYAN NICHOLS SCHOLARSHIP TRUST 332 118 S HOUSTON AVENUE CAMERON TX 765203932 746438292 PROVISION OF SCHOLARSHIPS TX 501(c)(3) PF BAYLOR UNIVERSITY true HAROLD E RILEY FOUNDATION PO BOX 149151 AUSTIN TX 787149151 300181669 SUPPORT OF BAYLOR AND SW THEOLOGICAL SEMINARY TX 501(c)(3) Type I NA false FLEMING CHURCH LOAN TRUST 1601 ELM STREET SUITE 1700 DALLAS TX 752017241 756035987 TRUST SUPPORTING BAYLOR UNIVERSITY, AS WELL AS OTHER ORGANIZATIONS TX 501(c)(3) Type II NA false KOKERNOT TRUST 1601 ELM STREET SUITE 1700 DALLAS TX 752017241 756040747 TRUST WHICH PAYS INCOME IN SUPPORT OF BAYLOR UNIVERSITY AND OTHER UNIVERSITIES TX 501(c)(3) Type II BAYLOR UNIVERSITY true BIG TWELVE CONFERENCE INC 400 E JOHN CARPENTER FREEWAY IRVING TX 75062 752604555 ORGANIZE, PROMOTE AND ADMINISTER INTERCOLLEGIATE ATHLETICS AMONG ITS MEMBER INSTITUTIONS DE 501(c)(3) Type I NA false THE MARRS MCLEAN TRUST #487601 PO BOX 2950 SAN ANTONIO TX 78299 746342783 TRUST SUPPORTS BAYLOR UNIVERSITY AND OTHER COLLEGES TX 501(c)(3) Type III-O NA false CENTRAL TEXAS TECHNOLOGY AND RESEARCH PARK ONE BEAR PLACE 97043 WACO TX 767987043 273848177 HOLDING COMPANY TX 501(c)(2) BAYLOR UNIVERSITY true Baylor Waco Stadium Authority 1 BEAR PL UNIT 97043 Waco TX 76798 Local Government Authority Contracted to Manage and Operate McLane Stadium at Baylor University TX N/A false CHARITABLE REMAINDER TRUSTS (56) CHARITABLE TRUST - SUPPORT TX NA Trust 2808358 23037967 true CHARITABLE LEAD TRUST (1) CHARITABLE TRUST - SUPPORT TX NA Trust 0 0 1 true CHARITABLE LEAD TRUST (1) CHARITABLE TRUST - SUPPORT FL NA Trust 0 37711 1 true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT CA NA Trust 8951 20498 0.3 true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT KY NA Trust 83889 344586 1 true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT AR NA Trust 39613 178200 1 true true true false false false false false false false false true true true true true true false false true BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM B 182101 CASH BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM M 129966 COST BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM L 313803 COST BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM N 92364 FMV SCHOLARSHIP TRUST (2) A 24719 CASH KOKERNOT TRUST S 332059 CASH OTHER TRUST (1) S 46624 CASH CRENSHAW CLAT A 100471 CASH PATTERSON CLAT A 65000 CASH