2021-04-01T09:00:33-05:00 2020-05-31 366055558 Grant Thornton LLP 757 Third Ave 9th Floor New York NY 100172013 990 2019-06-01 741159753 Baylor University BAYL 2547103731 One Bear Place 97043 Waco TX 767987043 Susan Anz Vice President of Finance 2021-04-01 true Daniel Romano P00504182 2125990100 2019 2022-09-23 18:48:47Z Linda Livingstone One Bear Place 97096 Waco TX 767987096 1252821177 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. 40 30 10668 2500 -2870147 0 92597691 167770978 911661928 996545455 79921562 79888953 6366250 8461453 1090547431 1252666839 335190298 341920988 0 0 408165951 433877254 496388 484093 18535243 307716459 348548269 1051569096 1124830604 38978335 127836235 2804338187 2973348420 840049992 866668901 1964288195 2106679519 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 646841972 340249407 806333365 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 (13:1), smaller class size (average class size is 26), research opportunities for undergraduates, and great facilities for learning and living. Baylor's more than 17,000 students typically come from all 50 states, the District of Columbia, and approximately 90 countries around the world. The University offers 127 baccalaureate, 78 master's, 46 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 by The Chronicle of Higher Education as a "Great College to Work For" for the past eight years, 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. 167979296 348574 98887544 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. 117465862 24797694 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. BAYLOR ENGAGES IN RESEARCH WORK SPONSORED BY NUMEROUS FEDERAL, STATE, AND LOCAL AGENCIES AND PRIVATE ENTITIES. ADDITIONALLY, BAYLOR PROVIDES NON-INSTRUCTIONAL SERVICES THAT BENEFIT INDIVIDUALS AND GROUPS EXTERNAL TO BAYLOR. 37344406 1323007 63950947 EXPENSES CONTAINED RELATE TO AUXILIARY ENTERPRISES OPERATED BY THE UNIVERSITY. AUXILIARY ENTERPRISES ARE COMPRISED GENERALLY OF THE FOLLOWING ITEMS: RESIDENCE HALLS, DINING SERVICES, BOOKSTORE, RENTAL PROPERTIES AND VENDING SERVICES. 37344406 1323007 63950947 969631536 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 false false false false true true false true true true true false false true true true true false false true X 24954 0 true 10668 true true true true SP UK CJ false false false true true true 2 false false false true false X 40 30 true false false false false true true true true false false false true true true true true true true true true CO GA KY AK MD MA MI NH OH OK OR SC X X Susan Anz 2547103731 700 S University Parks Dr Ste 670 Waco TX 767061003 Alicia DH Monroe Regent 1.0 0.0 X 126 0 0 C Clifton Robinson Regent 2.0 0.0 X 126 0 0 Cassady Parshall Regent 2.0 0.0 X 71 0 22000 David Slover Regent 7.0 0.0 X 83 0 0 Dennis Ray Wiles Regent 4.0 0.0 X 4726 0 0 Drayton McLane Jr Regent 1.0 0.0 X 126 0 0 Dusty Sanderson Regent 5.0 0.0 X 126 0 0 Gaynor Yancey Regent 40.0 0.0 X 150914 0 24135 Gordon Wilkerson Regent 5.0 0.0 X 126 0 0 James Cary Gray Regent 5.0 0.0 X 138 0 0 Jennifer Walker Elrod Regent 12.0 0.0 X 126 0 0 Jerry K Clements Regent 10.0 0.0 X 155 0 0 Jill Manning Regent 3.0 0.0 X 126 0 0 Joel T Allison Regent 5.0 0.0 X 745 0 0 Julie Hermansen Turner Regent 5.0 0.0 X 126 0 0 Katie Jo Luningham Regent 5.0 0.0 X 126 0 0 Kenneth Q Carlile Regent 2.0 0.0 X 126 0 0 Kim Stevens Regent 5.0 1.0 X 126 0 0 Larry P Heard Regent 5.0 0.0 X 126 0 0 Malcolm Foley Regent 2.0 0.0 X 126 0 3712 Manny Ruiz Regent 4.0 0.0 X 83 0 0 Mark A McCollum Regent 3.0 0.0 X 126 0 0 Mark E Lovvorn Regent 4.0 0.0 X 138 0 0 Mark Hurd Regent 2.0 0.0 X 126 0 0 Mark Peterson Regent 3.0 0.0 X 83 0 0 Mark Rountree Regent 10.0 0.0 X 138 0 0 Melissa Purdy Mines Regent 2.0 0.0 X 126 0 0 Michael McFarland Regent 4.0 0.0 X 4626 0 0 Miles Jay Allison Regent 2.0 0.0 X 138 0 0 Milton Hixson Regent 5.0 0.0 X 411 0 0 Neal Jeffrey Regent 5.0 0.0 X 138 0 0 Randolph L Pullin Regent 8.0 0.0 X 125 0 0 Randy Umstead Regent 45.0 0.0 X 101361 0 0 Rene Maciel Regent 3.0 0.0 X 626 0 0 Sarah Gahm Regent 5.0 0.0 X 71 0 0 Shelley Giglio Regent 5.0 0.0 X 126 0 0 Todd A Reppert Regent 2.0 2.0 X 126 0 13000 WD Dan Hord III Regent 8.0 0.0 X 126 0 16000 William Bill S Simon Regent 2.0 0.0 X 6126 0 0 William Mearse Regent 4.0 0.0 X 83 0 0 Brett Dalton Chief Business Officer 60.0 0.0 X 544500 0 39184 Cheryl Gochis Vice President for Human Resources and Chief Human Resources Officer 60.0 0.0 X 276277 0 43291 Chris Holmes General Counsel & Chief Legal Officer and Corporate Secretary 50.0 0.0 X 378255 0 124506 Dave Clendennen Asst Vice President for Financial Systems & Asst Treasurer 55.0 0.0 X 168652 0 35913 Dave Rosselli Vice President for University Development 60.0 1.0 X 471077 0 61454 David Morehead Co-Vice President & Chief Investment Officer 50.0 0.0 X 533196 0 50714 Felicia Cruz Director of Legal International Services; Assistant Secretary 40.0 0.0 X 65410 0 14773 Gary Carini Vice Provost 55.0 0.0 X 421890 0 51848 Jason Cook Vice President for Marketing & Communications and Chief Marketing Officer 65.0 1.0 X 353890 0 50911 Judy Carpenter Dir. of Board & Presidential Operations & Assist. to President's Chief of Staff; Assist. Secretary 45.0 0.0 X 74677 0 25066 Kevin Jackson Vice President for Student Life 50.0 0.0 X 255937 0 47845 Kristy Orr Board Professional 50.0 0.0 X 196940 0 27904 Linda Livingstone President 70.0 2.0 X 1261304 0 245419 Mack Rhoades IV Vice President and Director of Athletics 70.0 0.0 X 2122433 0 64303 Marsha Duckworth Senior Director for Board and Legal Services; Assistant Secretary 50.0 0.0 X 112607 0 19975 Nancy Brickhouse Vice President and Provost 60.0 0.0 X 336364 0 30438 Robyn Driskell Chief of Staff to the President and Vice President of Internal Administration 50.0 0.0 X 271312 0 29540 Susan Anz Vice President of Finance and Assistant Secretary 55.0 0.0 X 254083 0 55319 Lee Nordt Dean of Arts & Sciences 75.0 0.0 X 288626 0 47438 Jeffrey Nixon Former Co-Offensive Coordinator Football 75.0 0.0 X 675771 0 52087 Kim Mulkey Head Women's Basketball Coach 60.0 0.0 X 2997866 0 43625 Matthew Rhule Former Head Football Coach (thru 01/2020) 75.0 0.0 X 4093370 0 49437 Phillip Snow Defensive Coordinator Football 75.0 0.0 X 1079095 0 45500 Scott Drew Head Men's Basketball Coach 70.0 0.0 X 3462040 0 49437 Andrea Dixon Former Regent (thru 05/2019) 40.0 X 267980 0 36514 Darin Davis Former Vice President for University Mission (thru 06/2019) 50.0 45.0 X 206443 0 45130 Gary Mortenson Acting Vice Provost (thru 04/2019) 55.0 X 239245 0 70331 Karen E Kemp Interim Vice President for Marketing & Communication (thru 11/2016) 50.0 X 162379 0 17537 Roy Brian Webb Vice President & Chief Investment Officer 50.0 X 751137 0 46897 Todd Still Interim Executive Vice President and Provost - Former Officer (thru 05/2016) 75.0 X 196957 0 102849 22793086 0 1704032 806 true true true ARAMARK FACILITY SERVICES 24818 NETWORK PLACE CHICAGO IL 606731248 FACILITY MAINTENANCE 40928374 ARAMARK EDUCATIONAL SERVICES PO BOX 840706 DALLAS TX 752840706 DINING SERVICES 19176712 Huron Consulting Services PO BOX 71223 Chicago IL 60694 Educational Consulting 9011254 2U Inc 7900 Harkins Road Lanham MD 20706 Online Academic Program Management 7499545 EBSCO Publishing Payment Processing Center Dallas TX 753204661 Library and Publishing Services 5144763 216 8782850 361185 280000 15305369 143041574 8114656 167770978 Tuition and Fees 611310 806333365 806333365 Educational Revenue 611310 25099593 24797694 301899 Room and Board 611310 37594600 37594600 Government Contracts 611310 55825068 55825068 Athletics 611310 62816287 61292944 448083 1075260 8876542 8125879 623133 127530 996545455 77065891 -6239449 83305340 7624826 10080 7614746 803918 803918 0 803918 803918 1986107 836955 1986107 836955 2823062 1986107 836955 187047 361185 154338 32709 32709 0 0 0 0 0 1252666839 993969550 -2870147 93796458 781867 781867 340730321 340730321 408800 408800 0 0 9499145 1233893 6386348 1878904 715869 652620 63249 333495751 293347245 30901852 9246654 29327270 24304139 3967050 1056081 41253222 33251483 6347323 1654416 19585997 16242647 2664006 679344 1873895 921972 207375 744548 6404547 6404547 319807 319807 351453 351453 484093 484093 5857777 5857777 74799508 42985524 31813984 0 2803656 2057623 744703 1330 26179730 22050463 3216435 912832 20472420 8009462 12350781 112177 285450 285450 32779221 22850505 9795036 133680 29679232 26681116 2495884 502232 10167579 8814290 224337 1128952 24340121 23397707 942414 59392055 56525322 2866733 Change in Postretirement Benefits Obligation 3920020 3920020 Unrelated Business Income Tax 1854431 1854431 Cost of Goods Sold 4973628 4315657 657971 Sponsored Project Subcontract Expenses 34346667 34346667 7747072 5436763 2310309 0 1124830604 969631536 136663825 18535243 1626954 672867 191209854 226459409 54471847 125701508 51380126 77296190 244784 483853 0 401519 10668 578367 656075 17009653 36364756 1735527828 663055832 1112270780 1072471996 9397066 10875600 1357115402 1414789333 8631801 7566165 34 0 0 2804338187 2973348420 56099376 74339390 0 123441013 129039771 258492652 249884531 21025 20060 0 0 3173314 2684105 15724424 15426763 383098188 395274281 840049992 866668901 X 799655430 815978675 1164632765 1290700844 1964288195 2106679519 2804338187 2973348420 X 127836235 16464276 -1909187 X false true X true true true X 92733411 76704741 70103046 92597691 167770978 499909867 0 0 0 0 0 0 0 0 0 0 0 0 92733411 76704741 70103046 92597691 167770978 499909867 66767872 433141995 77336961 78381560 81646698 99652125 85510771 422528115 0 633481 0 0 0 633481 2222271 2258845 1710988 1958129 1389837 9540070 932611533 4563811696 0.4644 0.4971 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 - 1579446.0, COLUMN B - 1618351.0, COLUMN C - 1044670.0, COLUMN D - 1054290.0, COLUMN E - 1075260.0, COLUMN F - 6372017.0; DESCRIPTION - RENT INCOME, COLUMN A - 0.0, COLUMN B - 246445.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 246445.0; DESCRIPTION - INCOME FROM FUNDRAISING EVENTS, COLUMN A - 642825.0, COLUMN B - 394049.0, COLUMN C - 429050.0, COLUMN D - 638285.0, COLUMN E - 187047.0, COLUMN F - 2291256.0; DESCRIPTION - COMMISSIONS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 237268.0, COLUMN D - 265554.0, COLUMN E - 127530.0, COLUMN F - 630352.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 0 false true 351453 true 244309 false true 0 595762 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 two 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. 9 750 3031730 true true 274484 14220882 X X X false false true X 1322821444 30499130 99732103 29810345 41804129 1381438203 1310781136 25656753 55921600 29163738 40374307 0 1322821444 1231712087 16756323 129408320 28020367 39075227 0 1310781136 1153535478 19132704 124774674 26758089 38972680 0 1231712087 1165548650 27079412 25227535 25512574 38807545 0 1153535478 0.2 0.64 0.16 true true true 81147857 81147857 1418135857 490003445 928132412 2067063 1104065 962998 177719401 135988047 41731354 56457650 35960275 20497375 1072471996 1221344 F High Ground Managed Funds 156579247 F Assets Held by Others 44376923 F Baylor University Fund 1208021388 F Real Estate & Other 4590431 F 1414789333 Conditional Asset Retirement Obligation 4412714 Annuities Payable 5684165 Accrued Postretirement Benefits 53216619 Taxable Bonds 311123956 Interest Rate Swap Liability 7182845 Federal Loan Funds Refundable 6492043 Lease Liability 4401829 CARES Tax Deferral Liability 2760110 395274281 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, 2020, the University's tax years ended May 31, 2017 through 2020, 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 admission application material and financial aid material provided to each prospective student. The University draws students both from large geographic sections of the United States and internationally and enrolls meaningful numbers of minority students. 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, and receives federal and state funding for research grants and contracts. true Central America and the Caribbean 0 0 Program Services Competition 11369 Central America and the Caribbean 0 0 Program Services Conference 8720 Central America and the Caribbean 0 0 Program Services Mission Trip 27532 Central America and the Caribbean 0 0 Program Services Recruiting 15237 Central America and the Caribbean 0 0 Program Services Research 27712 Central America and the Caribbean 0 0 Program Services Study Abroad/Group Trips 35297 East Asia and the Pacific 0 0 Program Services Conference 70019 East Asia and the Pacific 0 0 Program Services Course/Lecture 95 East Asia and the Pacific 0 0 Program Services Mission Trip 1543 East Asia and the Pacific 0 1 Program Services Recruiting 30633 East Asia and the Pacific 0 0 Program Services Research 40093 East Asia and the Pacific 0 0 Program Services Study Abroad/Group Trips 107110 Europe (Including Iceland and Greenland) 0 0 Program Services Competition 55256 Europe (Including Iceland and Greenland) 0 0 Program Services Conference 273700 Europe (Including Iceland and Greenland) 0 0 Program Services Course/Lecture 7384 Europe (Including Iceland and Greenland) 0 0 Program Services Mission Trip 2967 Europe (Including Iceland and Greenland) 0 0 Program Services Performances & Presentations 6813 Europe (Including Iceland and Greenland) 0 0 Program Services Recruiting 27138 Europe (Including Iceland and Greenland) 0 0 Program Services Research 180076 Europe (Including Iceland and Greenland) 0 0 Program Services Study Abroad/Group Trips 432026 Middle East and North Africa 0 0 Program Services Competition 2513 Middle East and North Africa 0 0 Program Services Conference 3719 Middle East and North Africa 0 0 Program Services Recruiting 14570 Middle East and North Africa 0 0 Program Services Research 1290 Middle East and North Africa 0 0 Program Services Study Abroad/Group Trips 500 North America (Canada & Mexico only) 0 0 Program Services Competition 11751 North America (Canada & Mexico only) 0 0 Program Services Conference 67746 North America (Canada & Mexico only) 0 0 Program Services Course/Lecture 1584 North America (Canada & Mexico only) 0 0 Program Services Recruiting 11220 North America (Canada & Mexico only) 0 0 Program Services Research 7731 North America (Canada & Mexico only) 0 0 Program Services Study Abroad/Group Trips 4633 Russia and Neighboring States 0 0 Program Services Competition 935 Russia and Neighboring States 0 0 Program Services Conference 2466 South America 0 0 Program Services Conference 15178 South America 0 0 Program Services Course/Lecture 214 South America 0 0 Program Services Mission Trip 53806 South America 0 0 Program Services Recruiting 1341 South America 0 0 Program Services Research 23115 South America 0 0 Program Services Study Abroad/Group Trips 63945 South Asia 0 0 Program Services Conference 1700 South Asia 0 0 Program Services Course/Lecture 1507 South Asia 0 0 Program Services Mission Trip 10232 South Asia 0 0 Program Services Research 8097 Sub-Saharan Africa 0 0 Program Services Conference 5214 Sub-Saharan Africa 0 0 Program Services Mission Trip 63668 Sub-Saharan Africa 0 0 Program Services Recruiting 6589 Sub-Saharan Africa 0 0 Program Services Research 8059 Sub-Saharan Africa 0 0 Program Services Study Abroad/Group Trips 15801 Sub-Saharan Africa 0 0 Program Services Research and Publications 10888 Central America and the Caribbean 0 0 Grantmaking 11019 East Asia and the Pacific 0 0 Program Services Fellowship 28000 East Asia and the Pacific 0 0 Program Services Group Travel 98563 East Asia and the Pacific 0 0 Program Services Internship Programs 1803 East Asia and the Pacific 0 0 Program Services Payment for Lecture/Speaking 2000 East Asia and the Pacific 0 0 Program Services Research and Publications 72 East Asia and the Pacific 0 0 Program Services Student Recruitment 27856 East Asia and the Pacific 0 0 Program Services Study Abroad/Group Trips 1586 Europe (Including Iceland and Greenland) 0 0 Program Services Bookfair 481 Europe (Including Iceland and Greenland) 0 0 Program Services Conferences and Meetings 40 Europe (Including Iceland and Greenland) 0 0 Program Services Consulting 86824 Europe (Including Iceland and Greenland) 0 0 Program Services Exchange Programs 377855 Europe (Including Iceland and Greenland) 0 0 Program Services Group Travel 30793 Europe (Including Iceland and Greenland) 0 0 Program Services Publication Sales Commissions 11450 Europe (Including Iceland and Greenland) 0 0 Program Services Research and Publications 47006 Europe (Including Iceland and Greenland) 0 0 Program Services Study Abroad/Group Trips 1314553 Middle East and North Africa 0 0 Program Services Research 6000 Middle East and North Africa 0 0 Program Services Research and Publications 5000 North America (Canada & Mexico only) 0 0 Program Services Conferences and Meetings 46 North America (Canada & Mexico only) 0 0 Program Services Research and Publications 9810 North America (Canada & Mexico only) 0 0 Grantmaking 69041 South America 0 0 Program Services Group Travel 16195 South America 0 0 Program Services Study Abroad/Group Trips 55600 South Asia 0 0 Grantmaking 409800 Sub-Saharan Africa 0 0 Program Services Consulting 750 Sub-Saharan Africa 0 0 Program Services Research and Publications 5427 Sub-Saharan Africa 0 0 Program Services Study Abroad/Group Trips 13020 East Asia and the Pacific 0 0 Investments 2936898 Central America and the Caribbean 0 0 Investments 91304560 0 1 0 0 0 1 714667 97938113 98652780 South Asia Construction of Education and Research Center 409800 Wire Transfer 1 0 true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds 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, 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 in 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(f) DESCRIPTION OF METHOD USED TO ACCOUNT FOR EXPENDITURES ON F/S THE UNIVERSITY RECORDS EXPENSES BASED UPON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES SET FORTH BY THE FINANCIAL ACCOUNTING STANDARDS BOARD IN FINANCIAL REPORTING. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS 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, 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 in 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. X X X X X X X true RUFFALO NOEL LEVITZ 65 KIRKWOOD N RD SW PO BOX 3018 CEDAR RAPIDS IA 524063018 Call Center Management and Digital Fundraising false 995000 484093 510907 995000 484093 510907 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 Nursing Gala 253476 222872 30604 18335 Give Light 115252 59848 55404 43200 4 179504 78465 101039 16625 76178 548232 361185 187047 34960 119378 154338 32709 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 Texas Tech University 2500 Broadway Lubbock TX 79409 756002622 State of Texas 6741 Subcontract - Research University of Delaware 210 South college Ave Newark DE 19716 516000297 State of Delaware 11673 Subcontract - Research University of California San Diego 9500 Gilman Drive San Diego CA 920930009 956006144 State of California 14679 Subcontract - Research The Howard University 525 Bryant St NW Ste 137 Washington DC 20059 530204707 501(c)3 86506 Subcontract - Research Johns Hopkins University 3400 N Charles Street Baltimore MD 21218 520595110 501(c)3 13671 Subcontract - Research University of Pittsburgh 3100 Cathedral of Learning Pittsburgh PA 15260 250965591 State of PA 33604 Subcontract - Research University of California Davis 1 Shields Ave Davis CA 95616 946036494 State of California 27925 Subcontract - Research University of South Dakota 414 E Clark Vermillion SD 57069 466000364 State of S. Dakota 8532 Subcontract - Research Texas A&M University 400 Harvey Mitchell Parkway South Suite 300 College Station TX 77845 746000531 State of Texas 18990 Subcontract - Research University of South Florida 4202 E Fowler Avenue Tampa FL 33620 593102112 State of Florida 9547 Subcontract - Research National Children's Alliance 516 C Street NE Washington DC 20002 631044781 501(c)3 27872 Subcontract - Research The University of Texas Health Science at Tyler 11937 US Highway 271 Tyler TX 75708 756001354 State of Texas 86184 Subcontract - Research Scott & White Memorial Hospital 4236 Lowes Dr Temple TX 76502 741166904 501(c)3 1202 Subcontract - Research University of Nebraska-Lincoln 151 Prem S Paul Research Center PO Box 830861 Lincoln NE 68583 470049123 State of Nebraska 34595 Subcontract - Research University of Michigan 1000 Victors Way Suite 1A Ann Arbor MI 48108 386006309 State of Michigan 345201 Subcontract - Research Alpha Kappa Alpha Sorority Inc Pi Mu Chapter Waco TX 76798 363805325 501(C)(7) 5345 Grant to support student organization Alpha Phi Alpha Fraternity Inc ONE BEAR PL 85533 Waco TX 76798 747302997 501(C)(7) 7250 Grant to support student organization Alphi Chi Omega ONE BEAR PL 85611 Waco TX 76798 521389567 501(C)(7) 6000 Grant to support student organization Asian Students Association ONE BEAR PL 85633 Waco TX 76798 770652445 501(C)(3) 6055 Grant to support student organization Baylor Women in Business ONE BEAR PL 98015 Waco TX 76798 741159753 501(C)(3) 14800 Event sponsorship Baylor Young Americans for Freedom 1621 S 9th Street Apt 102 Waco TX 76706 831469284 6000 Event sponsorship Boss Club Foundation 7295 Dr Garrison Road Mansfield TX 76063 843338909 501(C)(3) 5000 Event sponsorship Cen-Tex African American Chamber 1020 Elm Avenue Building 700 Waco TX 76704 264596223 5750 Sponsorships for economic and community development Chi Omega Fraternity - Theta Kappa Chapter ONE BEAR PL 85613 Waco TX 76798 741930998 501(C)(7) 7000 Grant to support student organization Christian Women's Job Corps of Mclennan PO BOX 20432 Waco TX 76702 522407679 501(C)(3) 5000 Event sponsorship Family Abuse Center PO BOX 20395 Waco TX 76702 742080943 501(C)(3) 13000 Grant to support non-profit organization activities Fuzzy Friends Rescue PO BOX 2028 Waco TX 76702 752699210 501(C)(3) 5000 Grant to support non-profit organization activities Greater Waco Legal Services PO Box 689 Waco TX 76703 814815182 501(C)(3) 15000 Event sponsorship Junior League of Waco 2600 Austin Ave Waco TX 76710 746046993 501(C)(3) 5000 Grant to support non-profit organization activities Mission Waco 1315 N 15TH ST Waco TX 76707 742605621 501(C)(3) 6425 Grant to support non-profit organization activities Phi Beta Sigma ONE BEAR PL 97520 Waco TX 76798 111709989 501(C)(7) 7457 Grant to support student organization Phi Gamma Delta ONE BEAR PL 85602 Waco TX 76798 510214193 501(C)(7) 8500 Grant to support student organization Pi Beta Phi ONE BEAR PL 85618 Waco TX 76798 510229191 501(C)(7) 7000 Grant to support student organization Rice University P O Box 1892 Houston TX 77251 741109620 501(C)(3) 5000 Event sponsorship Sigma Chi 1714 HINMAN AVE Evanston IL 60201 361773960 501(C)(7) 8500 Grant to support student organization Starry Inc 1301 N Mays Street Round Rock TX 78664 043589689 501(C)(3) 13300 Grant to support non-profit organization activities Talitha Koum Institute PO BOX 2202 Waco TX 76703 752849153 501(C)(3) 27500 Grant to support non-profit organization activities Texas Access to Justice Foundation PO BOX 12886 Austin TX 78711 742354575 501(C)(3) 7500 Event sponsorship Texas Advocacy Project 1524 S IH-35 BOX 19 Austin TX 78704 742237306 501(C)(3) 5300 Event sponsorship The Cove - Heart of Texas PO BOX 1956 Waco TX 76703 474864862 501(C)(3) 20000 Grant to support non-profit organization activities Twezimbe Africa Inc PO Box 415 La Grange KY 40031 834007862 501(C)(3) 6500 Grant to support non-profit organization activities US Association Small Business & Entrepren 800 W MAIN ST Whitewater WI 53190 521287170 501(C)(3) 15000 Event sponsorship Waco Chamber of Commerce PO BOX 1220 Waco TX 76703 740967440 501(C)(3) 61200 Sponsorships for economic and community development Waco Foundation 1227 N Valley Mills Dr Waco TX 76710 746054628 501(C)(3) 20500 Grant to support non-profit organization activities Women and Children First United House North Road London UK N79DP 10100 Grant to support non-profit organization activities World Affairs Council of Greater Dallas Republic Center Dallas TX 75201 750855628 501(C)(3) 7000 Event sponsorship Brazos Valley Public Broadcasting Foundation ONE BEAR PLACE 97296 Waco TX 76798 742674611 501(C)(3) 225376 108962 FMV Supplies Programming and production cost assistance 37 10 SCHOLARSHIPS AND FELLOWSHIPS 17237 340249407 RESEARCH GRANTS 35 252417 STUDENT AWARDS 1477 200946 253306 FMV BOOKS, ON-CAMPUS ROOM AND BOARD, AND OTHER STUDENT EXPENSES SUCH AS CLOTHING, TRANSPORTATION, ETC. TRAVEL GRANTS 67 15922 Employee Compassion Grants 2 3500 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 Gaynor Yancey Regent 150914 0 0 0 0 0 16574 0 7561 0 175049 0 0 0 Mack Rhoades IV Vice President and Director of Athletics 1763236 0 300000 0 59197 0 30240 0 34063 0 2186736 0 0 0 Linda Livingstone President 1028092 0 150000 0 83212 0 130240 0 115179 0 1506723 0 0 0 Brett Dalton Chief Business Officer 494464 0 0 0 50036 0 30240 0 8944 0 583684 0 0 0 David Morehead Co-Vice President & Chief Investment Officer 533196 0 0 0 0 0 30240 0 20474 0 583910 0 0 0 Dave Rosselli Vice President for University Development 447384 0 0 0 23693 0 30240 0 31214 0 532531 0 0 0 Gary Carini Vice Provost 401235 0 0 0 20655 0 30240 0 21608 0 473738 0 0 0 Chris Holmes General Counsel & Chief Legal Officer and Corporate Secretary 374938 0 0 0 3317 0 30240 0 94266 0 502761 0 0 0 Jason Cook Vice President for Marketing & Communications and Chief Marketing Officer 352099 0 0 0 1791 0 30240 0 20671 0 404801 0 0 0 Nancy Brickhouse Vice President and Provost 288667 0 0 0 47697 0 30240 0 198 0 366802 0 0 0 Cheryl Gochis Vice President for Human Resources and Chief Human Resources Officer 276043 0 0 0 234 0 30184 0 13107 0 319568 0 0 0 Robyn Driskell Chief of Staff to the President and Vice President of Internal Administration 271030 0 0 0 282 0 29271 0 269 0 300852 0 0 0 Kevin Jackson Vice President for Student Life 250310 0 0 0 5627 0 28518 0 19327 0 303782 0 0 0 Susan Anz Vice President of Finance and Assistant Secretary 253801 0 0 0 282 0 28796 0 26523 0 309402 0 0 0 Kristy Orr Board Professional 185195 0 0 0 11745 0 20290 0 7614 0 224844 0 0 0 Dave Clendennen Asst Vice President for Financial Systems & Asst Treasurer 167452 0 0 0 1200 0 19048 0 16865 0 204565 0 0 0 Lee Nordt Dean of Arts & Sciences 288230 0 0 0 396 0 30240 0 17198 0 336064 0 0 0 Matthew Rhule Former Head Football Coach (thru 01/2020) 3666966 0 315000 0 111404 0 30240 0 19197 0 4142807 0 0 0 Scott Drew Head Men's Basketball Coach 3282515 0 120000 0 59525 0 30240 0 19197 0 3511477 0 0 0 Kim Mulkey Head Women's Basketball Coach 2278519 0 649000 0 70347 0 30240 0 13385 0 3041491 0 0 0 Phillip Snow Defensive Coordinator Football 1054002 0 5000 0 20093 0 30240 0 15260 0 1124595 0 0 0 Jeffrey Nixon Former Co-Offensive Coordinator Football 603561 0 64000 0 8210 0 30240 0 21847 0 727858 0 0 0 Darin Davis Former Vice President for University Mission (thru 06/2019) 206209 0 0 0 234 0 23362 0 21768 0 251573 0 0 0 Gary Mortenson Acting Vice Provost (thru 04/2019) 237573 0 0 0 1672 0 26440 0 43891 0 309576 0 0 0 Todd Still Interim Executive Vice President and Provost - Former Officer (thru 05/2016) 196957 0 0 0 0 0 29605 0 73244 0 299806 0 0 0 Karen E Kemp Interim Vice President for Marketing & Communication (thru 11/2016) 162379 0 0 0 0 0 17537 0 0 0 179916 0 0 0 Andrea Dixon Former Regent (thru 05/2019) 267980 0 0 0 0 0 29083 0 7431 0 304494 0 0 0 Roy Brian Webb Vice President & Chief Investment Officer 355475 0 375870 0 19792 0 30240 0 16657 0 798034 0 0 0 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. Schedule J, Part I, Line 1a First-class or charter travel Two officers traveled via charter flights to engage in various business activities such as donor cultivation activities, media events and dinners. Charter flights were used by three 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. First-class travel was approved as an exception to policy for the following travel activities - one highly compensated employee traveled first class to attend Big 12 meetings and a dinner and to meet with the coaching staff at another university. 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. Six highly compensated employees and one officer were provided family or guest 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 Chief Business Officer 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 Former Interim Executive Vice President & Provost received a minister's housing allowance which was associated with the provision of ministerial services related to duties and thus appropriately not reported as taxable. 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 four 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 $100,000 during 2019. An additional amount shall be accrued next year. The accrued deferred compensation amounts shall vest and be payable on the third anniversary of the date such funds were credited to the plan, 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 2019. 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 over the next three fiscal years. 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. No contribution was accrued during 2019. 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 2019. 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. Schedule J, Part I, Line 7 Non-fixed payments Vice President & 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. Highly compensated coaches may receive championship rings and/or gift cards, which are reported as taxable income. A Clifton Higher Education Finance Corporation 800349380 187154AV1 2011-04-14 110202345 Refunding/refinancing of 2008B and commercial paper - 12/10/2008. false false false B Waco Education Finance Corporation 020603383 929833AW1 2012-02-22 129496800 New construction and real estate. false false false C WACO EDUCATION FINANCE CORPORATION 020603383 000000000 2017-05-30 59750000 REFUNDING OF PRIOR ISSUE DATED 04/08/2008. false false false A 31630000 0 110202352 0 0 0 1183277 0 0 0 109019075 0 true false true true B 0 0 129621446 0 6025765 0 1070499 0 0 122525182 0 0 2014 false false true true C 8740000 0 59750000 0 0 0 0 0 0 0 59750000 0 true false true true A false true true true true true 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false true true true true true 0.0 0.0 0.0 false false true A false false false true false false false false true B false false false true false false false false true C false false true false true true BARCLAYS BANK LLP 22.5 false false false false true A true B true C true Schedule K, Part II, Line 13 Columns A & C Columns A & C are left blank due to Baylor's understanding to report new money projects for year of substantial completion, not amounts used in refunding or refinancing. Schedule K, Part II, Line 11 Column A $35,000,000 of the Series 2011 proceeds were used to refinance a portion of commercial paper loan, which originally financed multiple capital projects for the University. The remaining amount was used to refund Series 2008B issue. 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 C The amount was used to refund SERIES 2008A issue. Schedule K, Part II, Line 3 Column A & B The total proceeds exceed the issue price due to investment earnings through 5/31/2016, at which time all proceeds of the issue were spent Schedule K, Part IV, Line 2b Column C All proceeds of the issue were spent in one day. Schedule K, Part IV, Line 2c Column A THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 09/30/2011 Schedule K, Part IV, Line 2c Column B THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 05/31/2016 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Clifton Higher Education Finance Corporation The calculation for computing no rebate due was performed on 09/30/2011 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Waco Education Finance Corporation The calculation for computing no rebate due was performed on 05/31/2016 Mack Rhoades IV Current Officer To purchase cash value of life insurance policy to supplement retirement income X 480000 483853 false true true 483853 NOT REQUIRED NOT REQUIRED 148342 Academic SCHOLARSHIPS NOT REQUIRED NOT REQUIRED 15865 Ministry Guidance scholarships NOT REQUIRED NOT REQUIRED 6765 Graduate Assistantships NOT REQUIRED NOT REQUIRED 3960 NEED-BASED SCHOLARSHIPs Richard Gochis Spouse OF OFFICER Cheryl Gochis 136080 EMPLOYMENT false Steve Cates Brother-in-law of Officer Cheryl Gochis 101924 EMPLOYMENT false Hank Sanderson Son of REGENT Dusty Sanderson 66523 EMPLOYMENT false The Clifton Robinson Intervivos Irrevocable asset Trust dba WASHINGTON PART NERS LTD Entity more than 35% owned by REGENT C. CLIFTON ROBINSON 875690 Rental of Property and Renovations to Building false LAUREN SANDERSON DAUGHTER-IN-LAW OF REGENT DUSTY SANDERSON 45175 EMPLOYMENT false Will Driskell Spouse of Officer Robyn Driskell 119305 Employment false BENJAMIN STEVENS SON OF REGENT KIM STEVENS 85564 Employment false JONATHAN HARRISON SON-IN-LAW OF REGENT GORDON WILKERSON 102563 EMPLOYMENT false Schedule L, 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. X 120 5611778 Other - Average of high and low market X 1 1300000 Market value X 4 166702 Market value X 2 250001 Opinions of experts X Jewelry 1 210500 Opinions of experts X Candy 1 13961 Other - Invoices/Receipts X Educational Equipment 8 151254 Other X Tickets 2 2456 Other - Market Value X Gift Cards 1 10000 Other - Market Value X Horses 3 398000 Opinions of experts X Events 4 4 Other - None 10 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 I, Line 8 CONTRIBUTIONS AND GRANTS 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 III, Line 3 The outbreak of COVID-19, a respiratory disease caused by a new strain of coronavirus, has been declared a pandemic by the World Health Organization. The outbreak of the disease has affected travel, commerce, and financial markets globally. The University has been and continues to closely monitor the COVID-19 pandemic and its impact on the Baylor community. Changes in the University's operations during fiscal year 2019-2020 have included a shift to online delivery of academic programs for portions of academic year, postponement or cancellation of athletic and other events, reductions in on-campus housing and dining services, and a decline in demand for University programs that involve travel or that have international connections. Form 990, Part III, Line 4d Description of other program services (Expenses $ 37,344,406 including grants of $ 1,323,007)(Revenue $ 63,950,947) EXPENSES CONTAINED RELATE TO AUXILIARY ENTERPRISES OPERATED BY 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 22,826 1098-T Forms, 561 1098-E Forms, 1,565 1099-MISC Forms, 2 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 11a Name and address information for one anonymous donor was not disclosed on the Form 990, Schedule B draft provided to the Board of Regents for review. 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 2 Family/business relationships amongst interested persons Larry Heard and Drayton McLane - Business relationship 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, Vice President of Finance/ Assistant Secretary, General Counsel & Chief Legal Officer and Corporate Secretary, Chief of Staff to the President and Vice President for Board Relations, and Director of Internal Audit & Management Analysis 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 two 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. 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 Chief Compliance Officer, the Vice Provost of 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. 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 2019-2020. 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 Executive 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 AD surveys, 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 2019-2020. 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 5/31/20. Form 990, Part VII, Section A, Line 1a, Column (B) Average Hours Per Week The average hours reported per week for Regents Gaynor Yancey, Andrea Dixon, and Randy Umstead 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 Gaynor Yancey, Andrea Dixon, Michael McFarland, Bill Simon, Dennis Wiles, and Randy Umstead include compensation in their roles as employees and regents 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 Auxliiary Income - Total Revenue: 8876542, Related or Exempt Function Revenue: 8125879, Unrelated Business Revenue: 623133, Revenue Excluded from Tax Under Sections 512, 513, or 514: 127530; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Loss on Interest Rate Swap - -3179983; Present Value Adjustment to Annuities Payable - 1270796; 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. MARY ANN KOKERNOT LAWRENCE LACY TRUST COMM BANK AND TRUST PO BOX 2303 WACO TX 76703 GRANTOR TRUST IN SUPPORT OF BAYLOR TX 557718 BAYLOR UNIVERSITY 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 CHARITABLE REMAINDER TRUSTS (56) CHARITABLE TRUST - SUPPORT TX NA Trust 4262953 27982217 true CHARITABLE LEAD TRUST (1) CHARITABLE TRUST - SUPPORT TX NA Trust 0 191591 1 true CHARITABLE LEAD TRUST (1) CHARITABLE TRUST - SUPPORT FL NA Trust 0 326777 1 true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT CA NA Trust 14540 26631 0.3 true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT KY NA Trust 98563 263822 1 true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT AR NA Trust 67368 254440 1 true true true false false false false false false false false true true true true true false false false true BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-fm B 225376 CASH CONTRIBUTIONS BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM L 259529 COST BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM M 150567 COST BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-FM N 83465 ESTIMATED FAIR MARKET VALUE FB KIRCHNER SCHOLARSHIP FUND #6886 A 16985 CASH KOKERNOT TRUST A 282194 CASH CHARITABLE LEAD TRUST (3) A 167895 CASH Grantor Trust S 40131 Cash Bryan Nichols Scholarship Trust A 5395 Cash