2022-11-10T16:02:51-06:00 2022-06-30 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-07-01 752464091 BAYLOR ORAL HEALTH FOUNDATION BAYL 2148217500 3600 GASTON AVENUE 1151 DALLAS TX 75246 ROBERT J BIGHAM JR PRESIDENT AND TREASURER 2148217500 2022-11-09 1 ROBERT BIGHAM JR 999009999 JENIFER L CHASE P01306883 5638884000 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ROBERT J BIGHAM JR 3600 GASTON AVENUE 1151 DALLAS TX 75246 4618550 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 21 0 0 786406 225512 76343 77640 5584689 3768073 0 0 6447438 4071225 2262455 2313938 0 0 467890 476433 0 0 0 204072 182565 2934417 2972936 3513021 1098289 85913464 75747917 1370865 1293094 84542599 74454823 SEE SCHEDULE O 0 0 2313938 2313938 77640 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. 2313938 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 3 0 1 4 1 1 1 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 ROBERT J BIGHAM JR 2148217500 3600 GASTON AVENUE 1151 DALLAS TX 75246 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 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 STEVEN R NEWTON FORMER 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 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 28.00 X 202516 0 22433 MS LANELLE WATKINS ASSISTANT TREASURER 16.00 X 27030 0 1708 229546 0 24141 1 0 1 0 0 225512 225512 MANAGEMENT FEES 561000 77640 77640 77640 1232556 1232556 3082842 547325 2535517 2535517 2535517 4071225 77640 0 3768073 2306438 2306438 7500 7500 263552 263552 129060 129060 23197 23197 33449 33449 27175 27175 28888 28888 57240 57240 903 903 11654 11654 9323 9323 40797 40797 849 849 13704 13704 UNCOLLECTIBLE PLEDGE EX 14000 14000 DEVELOPMENT 2373 2373 BOARD EXPENSE 1659 1659 EQUIPMENT RENTAL AND MA 1175 1175 2972936 2313938 658998 0 280242 431114 7534763 5247082 45540 27140 11820 13081 19572 20101 5220 5220 0 0 50475099 45155206 24568386 24311345 2978042 542848 85913464 75747917 91664 100696 843203 834040 435998 358358 1370865 1293094 X 74739802 67679017 9802797 6775806 84542599 74454823 85913464 75747917 1098289 -11186065 0 X X 0 1 X 1 0 X 870793 584974 425224 786406 225512 2892909 870793 584974 425224 786406 225512 2892909 613803 2279106 860888 1312610 1293712 2034598 1232556 6734364 9627273 0.23670 0.24670 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 GENERAL PUBLIC AND FROM INCOME EARNED FROM ITS INVESTMENT ACTIVITIES. CONTRIBUTIONS HAVE BEEN DRAMATICALLY IMPACTED BY THE PANDEMIC. AT 23.67%, 24.67%, AND 28.34%, RESPECTIVELY, PUBLIC SUPPORT FOR THE PAST THREE YEARS EXCEEDED THE 10% MINIMUM REQUIRED OF THE "FACTS AND CIRCUMSTANCES" TEST.OVER THE PAST 29 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 $80,200,000, DERIVED FROM CONTRIBUTIONS AND EARNINGS ON ITS INVESTMENTS, WHILE MAINTAINING AN AVERAGE OF UNRESTRICTED NET ASSETS OF $56,500,000.INDIVIDUAL DONORS INCREASED 83% FROM 121 IN FY 2021 TO 222 IN FY 2022. AVERAGE DONATIONS ALSO INCREASED 22% FROM $686 TO $839, RESPECTIVELY. THIS REPRESENTS AN IMPORTANT TURNAROUND FROM LAST YEAR'S COVID-19 IMPACT WHEN INDIVIDUAL DONORS DECREASED FROM 307 TO 121, AND AVERAGE DONATIONS DECREASED FROM $1,385 TO $686. MOST 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 GENERAL 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 EACH OF THE PAST TWO YEARS, FY 2022 AND FY2021, BOARD APPROVED GRANTS TOTALED $2,007,500. DISTRIBUTIONS TO THE COLLEGE TOTALED $306,438 AND $254,955, RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5849262 138279 -540515 247425 5199601 4868149 202330 915022 136239 5849262 4996879 58625 -103848 83507 4868149 3888454 1032691 255693 179959 4996879 3840086 73367 225610 250609 3888454 0.02090 0.97910 0.00000 0 0 5220 5220 0 0 ALTERNATIVE INVESTMENTS 11391503 F FIXED INCOME FUNDS 5891840 F FOREIGN EQUITY FUNDS 7028002 F 24311345 POSTRETIREMENT MED/LIFE INSURANCE 358358 358358 X -7114840 -11186065 -11186065 4071225 0 4071225 2972936 0 2972936 0 2972936 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, 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 COLLEGE OF DENTISTRY OF TEXAS A&M UNIVERSITY PO BOX 660677 DALLAS TX 752660677 742907553 501(C)(3) 2306438 0 SUPPORT THE EDUCATION OF DENTISTRY STUDENTS AT COLLEGE OF DENTISTRY 1 0 BAYLOR ORAL HEALTH FOUNDATION CENTENNIAL AWARD 2 7500 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. X X 0 0 0 0 0 0 0 0 0 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 196516 0 0 0 6000 0 12441 0 9992 0 224949 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 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 FIFTEEN 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 CEO 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. 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 PRIOR TAX YEARS.