2023-11-09T09:47:20-06:00 2023-06-30 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-07-01 752464091 BAYLOR ORAL HEALTH FOUNDATION BAYL 2148217500 3600 GASTON AVENUE 1151 DALLAS TX 75246 ROBERT J BIGHAM JR PRESIDENT AND TREASURER 2148217500 2023-11-08 1 ROBERT BIGHAM JR 999009999 0 ERICA L CRAIG P02109597 5638884000 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT J BIGHAM JR 3600 GASTON AVENUE 1151 DALLAS TX 75246 18752040 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 SCHOOL OF DENTISTRY (THE SCHOOL) TO PROVIDE FINANCIAL SUPPORT TO THE SCHOOL, AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES OF THE SCHOOL THROUGH DISTRIBUTIONS TO THE SCHOOL. 16 16 4 16 0 9457 225512 1691416 77640 79470 3768073 2829877 0 0 4071225 4600763 2313938 2307881 0 0 476433 499982 0 0 0 182565 181758 2972936 2989621 1098289 1611142 75747917 81612919 1293094 1532459 74454823 80080460 SEE SCHEDULE O 0 0 2307881 2307881 79470 PROVIDE FINANCIAL SUPPORT FOR ACTIVITIES & PROGRAMS OF TEXAS A&M UNIVERSITY SCHOOL OF DENTISTRY AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES THROUGH DISTRIBUTIONS TO THE SCHOOL. 2307881 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 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT J BIGHAM JR 2148217500 3600 GASTON AVENUE 1151 DALLAS TX 75246 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 28.00 X 208918 0 22323 MS LANELLE WATKINS ASSISTANT TREASURER 16.00 X 29423 0 1771 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 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 3.30 X 0 0 0 MS MICHELLE HICKOX DIRECTOR 3.50 X 0 0 0 DR FRANK HIGGINBOTTOM 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 1.80 X 0 0 0 MR MICHAEL A WOMBLE DIRECTOR 1.00 X 0 0 0 238341 0 24094 1 0 1 0 0 1691416 1691416 MANAGEMENT FEES 561000 79470 79470 79470 1921676 1921676 15059478 14151277 908201 908201 908201 4600763 79470 0 2829877 2299581 2299581 8300 8300 272674 272674 137207 137207 24233 24233 38268 38268 27600 27600 31050 31050 57240 57240 252 252 11573 11573 10772 10772 41206 41206 754 754 14773 14773 DEVELOPMENT 26500 26500 BOARD EXPENSE 1995 1995 EQUIPMENT RENT & MAINTE 1350 1350 UNCOLLECTIBLE PLEDGE -16000 -16000 293 293 2989621 2307881 681740 0 431114 141198 5247082 5554289 27140 40189 13081 306 20101 22281 10213 5220 0 4993 45155206 34500920 24311345 40482849 542848 865894 75747917 81612919 100696 106295 834040 788006 358358 638158 1293094 1532459 X 67679017 71506918 6775806 8573542 74454823 80080460 75747917 81612919 1611142 4014495 0 X X 0 1 X 1 0 X 584974 425224 786406 225512 1691416 3713532 584974 425224 786406 225512 1691416 3713532 425801 3287731 1312610 1293712 2034598 1232556 1921676 7795152 11508684 0.28570 0.23670 X THE BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) WAS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE TEXAS A&M SCHOOL OF DENTISTRY (THE "SCHOOL"), FORMERLY KNOWN AS TEXAS A&M UNIVERSITY BAYLOR COLLEGE OF DENTISTRY; TO PROVIDE FINANCIAL SUPPORT TO THE SCHOOL; TO ADVANCE THE ORAL HEALTH, EDUCATION, AND RESEARCH OBJECTIVES OF THE SCHOOL THROUGH DISTRIBUTIONS TO THE SCHOOL; AND TO SUPPORT AND SUSTAIN EDUCATIONAL EXCELLENCE AND INSTITUTIONAL PREEMINENCE.THE FOUNDATION IS SUPPORTED BY CONTRIBUTIONS FROM THE GENERAL PUBLIC AND FROM INCOME EARNED FROM ITS INVESTMENT ACTIVITIES. CONTRIBUTIONS IN FY 2023 WERE DRAMATICALLY IMPROVED BY NEW DONATIONS OF $1,528,000 FOR THE SCHOOL'S SPECIAL NEEDS CLINIC, ELEVATING THE PUBLIC SUPPORT TEST TO 28.57% COMPARED 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 SCHOOL OF MORE THAN $82,000,000, DERIVED FROM CONTRIBUTIONS AND EARNINGS ON ITS INVESTMENTS, WHILE MAINTAINING AN AVERAGE OF UNRESTRICTED NET ASSETS OF $56,500,000.INDIVIDUAL DONORS INCREASED 16% FROM 222 IN FY 2022 TO 257 IN FY 2023. AVERAGE DONATIONS INCREASED BY 515% FROM $839 TO $5,158, RESPECTIVELY, PRIMARILY DRIVEN BY THE DONATION FOR THE SCHOOL'S SPECIAL NEEDS CLINIC. THIS REPRESENTS 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 SCHOOL'S LEADERSHIP AND DEVELOPMENT DIRECTORS TO ACCEPT, MANAGE AND INVEST CONTRIBUTIONS FROM THE GENERAL PUBLIC, ALUMNI AND OTHER INTERESTED PARTIES. THE SCHOOL'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 SCHOOL FACULTY. IT IS INDEPENDENT OF THE MANAGEMENT OF THE FOUNDATION, THE SCHOOL 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 SCHOOL. EACH YEAR THE FOUNDATION PROVIDES GRANTS FROM UNRESTRICTED NET ASSETS TO THE SCHOOL ALONG WITH DISTRIBUTIONS TO THE SCHOOL FROM NET ASSETS WITH DONOR RESTRICTIONS. FOR FY 2022 AND FY2023, BOARD APPROVED GRANTS TOTALED $2,007,500 AND $2,017,500, RESPECTIVELY. DISTRIBUTIONS TO THE SCHOOL TOTALED $306,438 AND $289,582, RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5199601 6406 371996 193502 5384501 5849262 138279 -540515 247425 5199601 4868149 202330 915022 136239 5849262 4996879 58625 -103848 83507 4868149 3888454 1032691 255693 179959 4996879 0.02080 0.97920 0.00000 0 0 10213 5220 4993 4993 ALTERNATIVE INVESTMENTS 9869352 F FIXED INCOME FUNDS 5931630 F FOREIGN EQUITY FUNDS 24681867 F 40482849 POSTRETIREMENT MED/LIFE INSURANCE 378397 OPERATING LEASE LIABILITIES 259761 638158 X 8615258 4014495 4014495 4600763 0 4600763 2989621 0 2989621 0 2989621 PART V, LINE 4: THE ENDOWMENT FUNDS ARE DESIGNATED TO SUPPORT CERTAIN PROGRAMS OR DEPARTMENTS OF TEXAS A&M UNIVERSITY SCHOOL 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, 2022 AND 2021. 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 SCHOOL OF DENTISTRY OF TEXAS A&M UNIVERSITY PO BOX 660677 DALLAS TX 752660677 742907553 501(C)(3) 2289581 0 SUPPORT THE EDUCATION OF DENTISTRY STUDENTS AT SCHOOL OF DENTISTRY TEXAS DENTAL ASSN SMILES FOUNDATION 1946 S IH 35 SOUTH SUITE 400 AUSTIN TX 78704 742897487 501(C)(3) 10000 0 GENERAL SUPPORT 2 0 BAYLOR ORAL HEALTH FOUNDATION CENTENNIAL AWARD 2 7500 TUITION REIMBURSEMENT 1 800 PART I, LINE 2: AT EACH BOARD MEETING, THE TEXAS A&M UNIVERSITY SCHOOL 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. BAYLOR ORAL HEALTH FOUNDATION HAS LONG SUPPORTED THE TEXAS DENTAL ASSN SMILES FOUNDATION. IN THE PAST, WE HAVE MADE SIGHT VISITS WHEN THEY CONDUCT THEIR CLINICAL EVENTS IN THE DFW AREA WHICH ARE STAFFED BY STUDENTS AND FACULTY FROM THE SCHOOL. ALSO, WE RECEIVE PERIODIC REPORTS OF THEIR ACTIVITIES AND ACCOMPLISHMENTS. THE FOUNDATION WAS ESTABLISHED IN 1993 WITH THE SALE OF THE SCHOOL 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. THAT FINAL ELIGIBLE TUITION REIMBURSEMENT REQUEST WAS COMPLETED IN 2022 IN WHICH THE PROGRAM IS NOW ENDED. X X 0 0 0 0 0 0 0 0 0 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 202918 0 0 0 6000 0 12175 0 10148 0 231241 0 0 0 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 SCHOOL OF DENTISTRY (THE SCHOOL) TO PROVIDE FINANCIAL SUPPORT FOR EXCELLENCE AT THE SCHOOL, AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES OF THE SCHOOL THROUGH DISTRIBUTIONS TO THE SCHOOL. 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 2023. 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.