2024-12-04T14:54:25-06:00 2024-06-30 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2023-07-01 752464091 BAYLOR ORAL HEALTH FOUNDATION BAYL 2148217500 3600 GASTON AVENUE 508 DALLAS TX 75246 MATTHEW J ZUMBACH PRESIDENT AND TREASURER 2148217500 2024-12-02 1 0 ERICA L CRAIG P02109597 5638884000 2024-12-02 2023 2024-10-15 13:58:12Z X MATTHEW J ZUMBACH 3600 GASTON AVENUE 508 DALLAS TX 75246 9424814 0 X BOHF.ORG X 1993 TX THE BAYLOR ORAL HEALTH FOUNDATION WAS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY (THE COLLEGE) TO PROVIDE FINANCIAL SUPPORT TO THE COLLEGE, AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES OF THE COLLEGE THROUGH DISTRIBUTIONS TO THE COLLEGE. 15 15 4 17 0 0 1691416 182425 79470 66679 2829877 2595204 0 30000 4600763 2874308 2307881 2887096 0 0 499982 520495 0 0 0 181758 222700 2989621 3630291 1611142 -755983 81612919 87100061 1532459 1248150 80080460 85851911 SEE SCHEDULE O 0 0 2887096 2887096 96679 PROVIDE FINANCIAL SUPPORT FOR ACTIVITIES & PROGRAMS OF TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES THROUGH DISTRIBUTIONS TO THE COLLEGE. 2887096 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 4 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MATTHEW J ZUMBACH 2148217500 3600 GASTON AVENUE 508 DALLAS TX 75246 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 28.00 X 217769 0 22965 MR STEPHEN R PATTERSON CONTROLLER 30.00 X 92560 0 14254 MR C THOMAS ABBOTT DIRECTOR 1.00 X 0 0 0 MR NEAL W ADAMS CHAIRMAN 2.00 X X 0 0 0 MS BECKY BELL FORMER DIRECTOR 1.00 X 0 0 0 DR PATRICIA BLANTON DIRECTOR 1.00 X 0 0 0 MR CLEVE BREEDLOVE DIRECTOR 1.00 X 0 0 0 DR PHILLIP CAMPBELL DIRECTOR 1.00 X 0 0 0 DR JOHN S FINDLEY DIRECTOR 1.00 X 0 0 0 DR LEE FITZGERALD DIRECTOR 1.00 X 0 0 0 MS MICHELLE HICKOX DIRECTOR 3.50 X 0 0 0 DR FRANK HIGGINBOTTOM FORMER DIRECTOR 1.00 X 0 0 0 MR PATRICK HOWARD SECRETARY 1.00 X X 0 0 0 DR DEAN HUDSON DIRECTOR 1.00 X 0 0 0 MR ROYCE W MEDLIN DIRECTOR 1.00 X 0 0 0 MR MATTTHEW D PEIFFER VICE CHAIRMAN 3.00 X X 0 0 0 MR JESS C RICK RICKMAN DIRECTOR 1.00 X 0 0 0 DR W SCOTT WAUGH DIRECTOR 1.00 X 0 0 0 MR MICHAEL A WOMBLE DIRECTOR 1.00 X 0 0 0 310329 0 37219 1 0 1 0 0 182425 182425 MANAGEMENT FEES 561000 66679 66679 66679 2407556 2407556 6738154 6550506 187648 187648 187648 OTHER REVENUE 561000 30000 30000 30000 2874308 96679 0 2595204 2878896 2878896 8200 8200 358337 358337 113069 113069 6784 6784 6350 6350 35955 35955 35945 35945 57240 57240 3608 3608 17259 17259 12562 12562 40988 40988 2679 2679 118 118 1118 1118 15088 15088 UNCOLLECTIBLE PLEDGE 19000 19000 STAFF RECRUITMENT 12500 12500 DEVELOPMENT 2500 2500 TAXES 2095 2095 3630291 2887096 743195 0 141198 102825 5554289 3728982 40189 19991 306 0 22281 26584 5220 4657 4993 563 34500920 42243275 40482849 40577047 865894 400794 81612919 87100061 106295 113818 788006 732432 638158 401900 1532459 1248150 X 71506918 77291419 8573542 8560492 80080460 85851911 81612919 87100061 -755983 6527434 0 X X 0 1 X 1 0 X 425224 786406 225512 1691416 182425 3310983 425224 786406 225512 1691416 182425 3310983 305121 3005862 1293712 2034598 1232556 1921676 2407556 8890098 12201081 0.24640 0.28570 X THE BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) WAS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE TEXAS A&M COLLEGE OF DENTISTRY (THE "COLLEGE"), FORMERLY KNOWN AS TEXAS A&M UNIVERSITY BAYLOR COLLEGE OF DENTISTRY; TO PROVIDE FINANCIAL SUPPORT TO THE COLLEGE; TO ADVANCE THE ORAL HEALTH, EDUCATION, AND RESEARCH OBJECTIVES OF THE COLLEGE THROUGH DISTRIBUTIONS TO THE COLLEGE; AND TO SUPPORT AND SUSTAIN EDUCATIONAL EXCELLENCE AND INSTITUTIONAL PREEMINENCE.THE FOUNDATION IS SUPPORTED BY CONTRIBUTIONS FROM THE PUBLIC AND FROM INCOME EARNED FROM ITS INVESTMENT ACTIVITIES. CONTRIBUTIONS IN FY 2024 WERE $182,425, A DRAMATIC DECLINE FROM LAST YEAR'S $1,691,416. EXCLUDING LAST YEAR'S DONATIONS OF $1,528,000 FOR THE COLLEGE'S SPECIAL NEEDS CLINIC, DONATIONS INCREASED A MODEST $19,008. HOWEVER, THE OVERALL PUBLIC SUPPORT TEST DROPPED TO 24.64% FROM 28.57% AND COMPARES TO PANDEMIC INFLUENCED SUPPORT OF 23.67%, AND 24.67%, RESPECTIVELY, IN FY 2022 AND FY 2021.OVER THE PAST 30 YEARS OF ITS EXISTENCE, THE FOUNDATION HAS SERVED AS A STEWARD OF THE $50,000,000 IN UNRESTRICTED NET ASSETS ENTRUSTED TO IT AT ITS FORMATION. SINCE 1993, THE FOUNDATION HAS MADE GRANTS TO THE COLLEGE OF MORE THAN $84,750,000, DERIVED FROM CONTRIBUTIONS AND EARNINGS FROM INVESTMENTS, WHILE MAINTAINING AN AVERAGE OF UNRESTRICTED NET ASSETS OF $57,250,000.INDIVIDUAL DONORS DECREASED 58% FROM 257 IN FY 2023 TO 108 IN FY 2024. LIKEWISE AVERAGE DONATIONS DECLINED FROM $5,158 TO $1,155, PRIMARILY REFLECTING THE PRIOR YEAR'S OUTSIZED HANDFUL OF DONATIONS FOR THE SPECIAL NEEDS CLINIC. EXCLUDING THE SPECIAL NEEDS CLINIC DONATIONS, FY 2023 DONATIONS WOULD HAVE AVERAGED $531. FY 2022 DONATIONS AVERAGED $839. EXCLUDING THE SPECIAL NEEDS CLINIC DONATIONS IN FY 2023, WE CONTINUE TO SEE AN ONGOING TURNAROUND FROM THE COVID-19 YEARS WHEN INDIVIDUAL DONORS AND AVERAGE DONATIONS DECREASED ACROSS THE BOARD. THE MAJORITY OF THE FOUNDATION'S DONORS WORK IN ORAL HEALTH CARE AND WERE DIRECTLY IMPACTED BY MANDATED CLOSURES AND PATIENT CANCELLATIONS.THE FOUNDATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS. THE FOUNDATION WORKS CLOSELY WITH THE COLLEGE'S LEADERSHIP AND DEVELOPMENT DIRECTORS TO ACCEPT, MANAGE, AND INVEST CONTRIBUTIONS FROM THE PUBLIC, ALUMNI, AND OTHER INTERESTED PARTIES. THE COLLEGE'S DEVELOPMENT OFFICE ACTIVELY SOLICITS DONATIONS ON BEHALF OF THE FOUNDATION IN SUPPORT OF COMMUNITY OUTREACH INITIATIVES, STUDENT SCHOLARSHIPS, INSTRUCTION, FACULTY RESEARCH, LECTURESHIPS, ETC. THE FOUNDATION ALSO SOLICITS DONATIONS THROUGH MAILINGS OF LETTERS AND BROCHURES, DONORBOX, AND COMMUNITY-BASED ANNUAL EVENTS, INCLUDING THE NORTH TEXAS GIVING DAY. THE FOUNDATION'S BOARD PARTICIPATES BY ENCOURAGING AND SOLICITING DONATIONS FROM ITS MEMBERS.THE FOUNDATION'S BOARD REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. ITS MEMBERS INCLUDE ACTIVE OR RETIRED INVESTMENT ADVISORS, BANKERS, LAWYERS, HEALTH CARE EXECUTIVES AND COLLEGE FACULTY. IT IS INDEPENDENT OF THE MANAGEMENT OF THE FOUNDATION, THE COLLEGE AND OF TEXAS A&M UNIVERSITY.THE FOUNDATION HAS A DEFINITIVE PROGRAM FOR ACCOMPLISHING ITS MISSION OF SUPPORTING THE ORAL HEALTH, EDUCATION AND RESEARCH OBJECTIVES OF THE COLLEGE. EACH YEAR THE FOUNDATION PROVIDES GRANTS FROM UNRESTRICTED NET ASSETS TO THE COLLEGE ALONG WITH DISTRIBUTIONS TO THE COLLEGE FROM NET ASSETS WITH DONOR RESTRICTIONS. FOR FY 2023 AND FY2024, BOARD APPROVED GRANTS TOTALED $2,017,500 AND $2,007,500, RESPECTIVELY. DIRECT DISTRIBUTIONS TO THE COLLEGE TOTALED $289,582 AND $378,896, RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5384501 43507 470592 178144 5720456 5199601 6406 371996 193502 5384501 5849262 138279 -540515 247425 5199601 4868149 202330 915022 136239 5849262 4996879 58625 -103848 83507 4868149 0.02050 0.97950 0.00000 0 0 5220 4657 563 563 ALTERNATIVE INVESTMENTS 8764014 F FIXED INCOME FUNDS 8239500 F FOREIGN EQUITY FUNDS 23573533 F 40577047 POSTRETIREMENT MED/LIFE INSURANCE 398589 OPERATING LEASE LIABILITIES 3311 401900 X 9401742 6527434 6527434 2874308 0 2874308 3630291 0 3630291 0 3630291 PART V, LINE 4: THE ENDOWMENT FUNDS ARE DESIGNATED TO SUPPORT CERTAIN PROGRAMS OR DEPARTMENTS OF TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY. PART X, LINE 2: BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE RELATED TO THE FOUNDATION; HOWEVER, SHOULD THE FOUNDATION ENGAGE IN ACTIVITIES UNRELATED TO THE PURPOSE FOR WHICH IT WAS CREATED, TAXABLE INCOME COULD RESULT. CAPITAL GAINS RECEIVED THROUGH PARTNERSHIP INTERESTS ARE TAXABLE. THE FOUNDATION HAS NOT INCURRED ANY FEDERAL INCOME TAX FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. 1 COLLEGE OF DENTISTRY OF TEXAS A&M UNIVERSITY PO BOX 660677 DALLAS TX 752660677 742907553 501(C)(3) 2878896 0 SUPPORT THE EDUCATION OF DENTISTRY STUDENTS AT COLLEGE OF DENTISTRY 1 0 BAYLOR ORAL HEALTH FOUNDATION CENTENNIAL AWARD 2 7500 TUITION REIMBURSEMENT 1 700 PART I, LINE 2: AT EACH BOARD MEETING, THE TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY REPRESENTATIVE PROVIDES AN UPDATE OF PROGRAMS AND USE OF GRANTS TO THE BOARD. THE FOUNDATION RECOGNIZES GRADUATING DENTISTS AND DENTAL HYGIENISTS WHO HAVE DEMONSTRATED EXEMPLARY PROFESSIONALISM, LEADERSHIP, CLINICAL DENTISTRY, PATIENT MANAGEMENT, PROFESSIONAL SERVICE, AND ACADEMIC STANDING. CANDIDATES FOR THE CENTENNIAL AWARD ARE NOMINATED ANNUALLY BY THE FACULTY AND APPROVED BY THE DEAN, WHO SUBMITS THEIR NAMES TO THE FOUNDATION FOR PRESENTATION OF THE AWARDS. THE FOUNDATION WAS ESTABLISHED IN 1993 WITH THE SALE OF THE COLLEGE OF DENTISTRY TO TEXAS A&M. BAYLOR ORAL HEALTH FOUNDATION ASSUMED THE PREDECESSOR SCHOOL'S BENEFIT OF REIMBURSING COLLEGE TUITION OF ELIGIBLE EMPLOYEES' CHILDREN. THE TUITION REIMBURSEMENT REQUEST WAS ACCOMPANIED BY APPROPRIATE SUPPORTING DOCUMENTATION. ONE FINAL TUITION REIMBURSEMENT QUALIFIER REMAINS IN THE PROGRAM. X 1 1 X X 0 0 0 0 0 0 0 0 0 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 211769 0 0 0 6000 0 12706 0 10259 0 240734 0 0 0 PART I, LINE 1A THE PRESIDENT WAS PROVIDED WITH A MEMBERSHIP TO A SOCIAL CLUB FOR THE PURPOSE OF CONDUCTING BUSINESS MEETINGS WITH MEMBERS OF THE BOARD OF DIRECTORS AND PROSPECTIVE BOARD MEMBERS. THE CHAIRMAN OF THE BOARD REVIEWED THE PRESIDENTS T&E EXPENSES ON A QUARTERLY BASIS. THE SOCIAL CLUB DUES AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. FORM 990, PART III, LINE 1: THE BAYLOR ORAL HEALTH FOUNDATION WAS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND PROGRAM OF THE TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY (THE COLLEGE) TO PROVIDE FINANCIAL SUPPORT FOR EXCELLENCE AT THE COLLEGE, AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES OF THE COLLEGE THROUGH DISTRIBUTIONS TO THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT/TREASURER, CONTROLLER, BOARD OF DIRECTORS, AND AUDIT COMMITTEE REVIEW FORM 990 IN DETAIL BEFORE FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) CONFLICT OF INTEREST POLICY AND AFFIRMATION STATEMENTS ARE DISTRIBUTED ANNUALLY TO ALL SIXTEEN BOARD MEMBERS AND THE FOUNDATION PRESIDENT/TREASURER. BOARD MEMBERS ARE REQUIRED TO RETURN THE SIGNED AFFIRMATIONS TO THE FOUNDATION WITHIN TWO WEEKS PRIOR TO THE FIRST QUARTER BOARD MEETING, GENERALLY HELD IN NOVEMBER. THE AFFIRMATIONS ARE FORWARDED TO THE CHAIRMAN OF THE AUDIT COMMITTEE. IF A CONFLICT IS IDENTIFIED, THE COMMITTEE CHAIRMAN DISCUSSES THE ISSUE WITH THE PRESIDENT/TREASURER. THE COMMITTEE CHAIR REPORTS HIS FINDINGS TO THE BOARD OF DIRECTORS. SINCE THE FOUNDATION'S INCEPTION IN 1993, THERE HAVE BEEN NO CONFLICT OF INTEREST ISSUES. ANY QUESTIONS OF POSSIBLE CONFLICT OF INTEREST ARE ADDRESSED WITH THE PRESIDENT/TREASURER AND THE AUDIT COMMITTEE CHAIR. ANY RESTRICTIONS IMPOSED WOULD DEPEND ON THE NATURE OF THE CONFLICT. THE PRESIDENT OF THE FOUNDATION MONITORS POTENTIAL CONFLICT OF INTEREST ISSUES ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT REQUESTS THE MOST CURRENT SALARY SURVEYS FROM EXPONENT PHILANTHROPY, AN ASSOCIATION OF SMALL FOUNDATIONS OF WHICH BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) IS A MEMBER. THE BOARD OF DIRECTORS REVIEWS THESE SURVEYS AS WELL AS SALARY AND TOTAL COMPENSATION INFORMATION GATHERED FROM OTHER ASSOCIATIONS. DURING THE BOARD MEETING, THE BOARD MEMBERS DISCUSS AND COMPARE THE CHIEF EXECUTIVE OFFICER SALARY LEVELS AT THE FOUNDATION TO THE COMPENSATION INFORMATION OBTAINED WITH REGARD TO THE FOUNDATION BUDGET AND CURRENT FINANCIAL STATEMENTS. BOARD MEMBERS DISCUSS AND VOTE ON ANY COMPENSATION PROPOSALS AND CHANGES. THE PRESIDENT/TREASURER AND STAFF ARE NOT PRESENT AT THE MEETING DURING THESE COMPENSATION DISCUSSIONS. AFTER ANY COMPENSATION CHANGES ARE APPROVED, THE CHAIRMAN SIGNS A DOCUMENT WHICH DETAILS THIS INFORMATION AND PROVIDES IT TO THE PRESIDENT FOR THE FOUNDATION'S RECORDS. THE DECISIONS ON COMPENSATION CHANGES ARE RECORDED IN BOARD MINUTES. THE LAST TIME THIS PROCESS OCCURRED WAS IN MAY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEARS.