2020-12-23T09:36:46-06:00 2020-06-30 420714325 RSM US LLP 4650 E 53RD ST DAVENPORT IA 528073479 990 2019-07-01 752464091 BAYLOR ORAL HEALTH FOUNDATION BAYL 2148217500 3600 GASTON AVENUE NO 1151 DALLAS TX 75246 ROBERT J BIGHAM JR PRESIDENT AND TREASURER 2148217500 2020-12-22 1 JENIFER L CHASE P01306883 5638884000 2020-12-22 2019 2022-09-23 18:48:47Z ROBERT J BIGHAM JR 3600 GASTON AVENUE NO 1151 DALLAS TX 75246 10187440 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. 16 16 6 21 0 -40824 1545958 425224 70511 75106 1698993 2935022 55937 8000 3371399 3443352 2311658 2477272 0 0 473795 452527 0 0 0 422864 178877 3208317 3108676 163082 334676 71182881 69419245 1033922 1117844 70148959 68301401 SEE SCHEDULE O 0 0 2477272 2477272 83106 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. 2477272 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 13 0 1 6 1 0 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 X ROBERT J BIGHAM JR 2148217500 3600 GASTON AVENUE NO 1151 DALLAS TX 75246 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 28.00 X 202270 0 34564 MS LANELLE WATKINS ASSISTANT TREASURER 15.00 X 17664 0 1060 MR C THOMAS ABBOTT DIRECTOR 1.00 X 0 0 0 MR NEAL W ADAMS CHAIRMAN 2.00 X X 0 0 0 MR STANLEY E ALLRED FORMER CHAIRMAN 2.00 X X 0 0 0 MS BECKY BELL DIRECTOR 1.00 X 0 0 0 DR PHILLIP CAMPBELL DIRECTOR 1.00 X 0 0 0 DR JAMES COLE DIRECTOR 3.50 X 0 0 0 DR JOHN S FINDLEY DIRECTOR 3.30 X 0 0 0 MR LARRY J HAYNES FORMER VICE-CHAIR 2.80 X 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 MR ROYCE W MEDLIN DIRECTOR 1.00 X 0 0 0 MR STEVEN R NEWTON 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 MR JOHN SOLANA 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 219934 0 35624 1 0 1 0 0 425224 425224 MANAGEMENT FEES 561000 75106 75106 75106 1293712 1293712 8385398 6744088 1641310 1641310 1641310 OTHER REVENUE 900099 8000 8000 8000 3443352 83106 0 2935022 2469772 2469772 7500 7500 189117 189117 175783 175783 21713 21713 41681 41681 24233 24233 27691 27691 57240 57240 696 696 13118 13118 8999 8999 41091 41091 1486 1486 6353 6353 UNCOLLECTIBLE PLEDGE EX 14000 14000 DEVELOPMENT 3357 3357 EQUIPMENT RENTAL AND MA 2280 2280 BOARD EXPENSE 1445 1445 1121 1121 3108676 2477272 631404 0 1684813 92115 1566442 6406205 261708 84941 414 2000 10458 17579 5220 5220 0 0 38314043 37461453 27076278 23057546 2268725 2297406 71182881 69419245 77370 89177 541203 663203 415349 365464 1033922 1117844 X 61761383 59948785 8387576 8352616 70148959 68301401 71182881 69419245 334676 -2182234 0 X X 0 1 X 1 0 X 498929 555616 870793 584974 425224 2935536 498929 555616 870793 584974 425224 2935536 438092 2497444 1309702 1098776 860888 1312610 1293712 5875688 8811224 0.28340 0.31930 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 INSTITUTIONAL PREEMINENCE.THE FOUNDATION IS SUPPORTED BY CONTRIBUTIONS FROM THE GENERAL PUBLIC AND FROM INCOME EARNED FROM ITS INVESTMENT ACTIVITIES. AT 28.34% AND 31.93%, RESPECTIVELY, PUBLIC SUPPORT FOR THE PAST TWO YEARS EXCEEDED THE 10% MINIMUM REQUIRED OF THE "FACTS AND CIRCUMSTANCES" TEST.OVER THE PAST 27 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 ITS FORMATION, THE FOUNDATION HAS MADE GRANTS TO THE COLLEGE IN EXCESS OF $78,000,000, DERIVED FROM CONTRIBUTIONS AND EARNINGS ON ITS INVESTMENTS, WHILE MAINTAINING AN AVERAGE OF UNRESTRICTED NET ASSETS OF ALMOST $55,000,000.IN THE PAST TWO YEARS, NEW CONTRIBUTIONS, EXCLUDING THE 2% EXCESS CONTRIBUTION LIMITATION, HAVE MET OR EXCEEDED THE 33-1/3 PUBLIC SUPPORT TEST. ADDITIONALLY, INDIVIDUAL DONORS INCREASED FROM 262 TO 307 AND AVERAGE DONATIONS INCREASED FROM $1,270 TO $1,385. HOWEVER, THROUGH PRUDENT POLICY-DRIVEN PORTFOLIO MANAGEMENT, EARNINGS DERIVED FROM THE FOUNDATION'S INVESTMENTS HAVE CONTINUED TO RISE IN PROPORTION TO NEW CONTRIBUTIONS.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 "GIVING DAY" EVENTS. THE FOUNDATION'S BOARD PARTICIPATES BY ENCOURAGING AND SOLICITING DONATIONS FROM ITS MEMBERS.THE FOUNDATION'S BOARD, OR GOVERNING BODY, 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 FOSTERING AND 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 THE PAST TWO YEARS, FY 2020 AND FY 2019, BOARD APPROVED GRANTS TOTALED $2,107,500 AND $1,817,824, RESPECTIVELY, AND DISTRIBUTIONS TOTALED $369,772 AND $493,834, RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4394243 21623 37001 4452867 3361552 1032691 4394243 3331534 71367 2000 143349 3361552 3196247 135287 3331534 2973598 222649 3196247 0.02250 0.97750 0.00000 0 0 5220 5220 0 0 ALTERNATIVE INVESTMENTS 10259384 F FIXED INCOME FUNDS 6611278 F FOREIGN EQUITY FUNDS 6186884 F 23057546 POSTRETIREMENT MED/LIFE INSURANCE 365464 365464 X 1261118 -2182234 -2182234 3443352 0 3443352 3108676 0 3108676 0 3108676 PART V, LINE 4: THE ENDOWMENT FUNDS ARE DESIGNATED TO SUPPORT CERTAIN PROGRAMS OR DEPARTMENTS OF TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY. IN FY20, BAYLOR ORAL HEALTH FOUNDATION RESTATED ITS ENDOWMENT DISCLOSURE IN THE AUDIT REPORT TO BETTER ALIGN WITH THE ORGANIZATION'S FINANCIALS. TO BE CONSISTENT WITH THE AUDIT REPORT, FORM 990, SCHEDULE D, PART V HAS BEEN RESTATED. PART X, LINE 2: 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 YEAR ENDED JUNE 30, 2020 AND 2019. 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) 2100000 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. X X 0 0 0 0 0 0 0 0 0 MR ROBERT J BIGHAM JR PRESIDENT & TREASURER 187556 0 7514 0 7200 0 11253 0 23311 0 236834 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 (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 (BOHF) 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 BOHF TO THE COMPENSATION INFORMATION OBTAINED WITH REGARD TO THE BOHF 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 BOHF 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.