2016-04-14T16:00:10-05:00 2015-05-31 366055558 Grant Thornton LLP 1717 Main Street Suite 1500 Dallas TX 752019436 990 2014-06-01 741159753 Baylor University BAYL 2547103731 One Bear Place 97043 Waco TX 767987043 Bob C Spence Assoc VP for Fin Services & Treas 2016-04-14 true Kimberly Temple P00669176 2145612300 2014 2016-08-17 19:52:53Z Kenneth Starr One Bear Place 97043 Waco TX 767987043 970151840 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. 29 23 9487 2500 -24365 -292966 96333453 106328092 675834917 736394323 62995427 66570207 4882330 7289073 840046127 916581695 230812592 254175215 0 0 303780552 322803520 477129 402085 16940929 230567474 242358929 765637747 819739749 74408380 96841946 2570694236 2713572734 856773607 941016377 1713920629 1772556357 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 476992518 245124731 552952073 BAYLOR STRONGLY PURSUES INITIATIVES SUCH AS LOWER STUDENT-FACULTY RATIO (15:1), SMALLER CLASS SIZES (AVERAGE CLASS SIZE IS 27), RESEARCH OPPORTUNITIES FOR UNDERGRADUATES, AND GREAT FACILITIES FOR LEARNING AND LIVING. BAYLOR'S MORE THAN 16,000 STUDENTS TYPICALLY COME FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA AND 86 COUNTRIES AROUND THE WORLD. THE UNIVERSITY OFFERS 141 BACCALAUREATE, 74 MASTER, 37 DOCTORAL AND THE JURIS DOCTOR DEGREE PROGRAMS THROUGH 12 ACADEMIC UNITS. THE UNIVERSITY ALSO CONDUCTS GRADUATE PROGRAMS WITH THE U.S. ARMY ACADEMY OF HEALTH SCIENCES IN SAN ANTONIO AND WEST POINT. 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. APPROXIMATELY 90% OF BAYLOR UNDERGRADUATE STUDENTS RECEIVE STUDENT FINANCIAL ASSISTANCE. BAYLOR CONSISTENTLY RANKS IN THE TOP 100 NATIONAL DOCTORAL GRANTING UNIVERSITIES BY U.S.NEWS & WORLD REPORT, A "BEST BUY" BY THE FISKE GUIDE TO COLLEGES, AND A "BEST VALUE" BY KIPLINGER'S PERSONAL FINANCE. 134776656 6264041 50429633 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, ENROLLMENT MANAGEMENT, STUDENT FINANCIAL AID, STUDENT ACTIVITIES, STUDENT ORGANIZATIONS, INTRAMURALS, HEALTH CENTER AND INTERCOLLEGIATE ATHLETICS. 50847778 8764 3713708 BAYLOR UNIVERSITY PROVIDES ACADEMIC SUPPORT SERVICES FOR THE PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE. ACADEMIC SUPPORT SERVICES INCLUDE AREAS SUCH AS LIBRARIES, TECHNOLOGY SUPPORT, MUSEUMS AND SERVICES THAT DIRECTLY ASSIST INSTRUCTIONAL ACTIVITIES. 63724528 2777679 129956820 OTHER EXPENSES CONTAINED HEREIN ARE COMPRISED OF THE FOLLOWING: RESEARCH, PUBLIC SERVICES, AND AUXILIARY ENTERPRISES. BAYLOR ENGAGES IN RESEARCH WORK SPONSORED BY NUMEROUS FEDERAL, STATE, AND LOCAL AGENCIES. ADDITIONALLY, BAYLOR PROVIDES NON-INSTRUCTIONAL SERVICES THAT BENEFIT INDIVIDUALS AND GROUPS EXTERNAL TO BAYLOR. AUXILIARY ENTERPRISES ARE COMPRISED GENERALLY OF THE FOLLOWING ITEMS: RESIDENCE HALLS, DINING SERVICES, BOOKSTORE, AND VENDING SERVICES. 63724528 2777679 129956820 726341480 true true false true false true false true true true true true false false true true false true true true true false false true true false false true true true true false false false false false false true false true true true true false false true true true true false false true 22552 0 true 9487 true true true true CJ CH SP UK false false false true true true 1 false false false X 29 23 true false false false false true true true true false false true true true true true true true true true false AK CO GA KY MD MA MI NH OH OK OR SC X Bob C Spence 2547103731 700 S University Parks Dr Ste 670 Waco TX 767061003 Gary D Elliston Regent 4.00 X 187 0 0 Kathy Wills Wright Regent 10.00 X 187 0 0 Jeff D Reeter Regent 3.00 X 187 0 0 Linda Brian Regent 2.00 X 187 0 0 C Clifton Robinson Regent 5.00 X 187 0 0 Milton Hixson Regent 9.00 X 567 0 0 Mark A McCollum Regent 2.00 X 187 0 0 Jerry K Clements Regent 3.00 X 187 0 0 James Cary Gray Regent 15.00 X 187 0 0 Miles Jay Allison Regent 8.00 X 222 0 0 Philip W Stewart Regent 2.00 X 187 0 0 Jennifer Walker Elrod Regent 5.00 X 187 0 0 Robert E Beauchamp Regent 3.00 X 187 0 0 Christopher B Howard Regent 3.00 X 187 0 0 Joel T Allison Regent 2.00 X 222 0 0 WD Dan Hord III Regent 5.00 X 187 0 0 Richard S Willis Regent 15.00 X 187 0 0 David Harlan Harper Regent 15.00 X 272 0 0 William K Robbins Jr Regent 3.50 X 222 0 0 Ronald L Wilson Regent 15.00 X 307 0 0 Ronald Dean Murff Regent 8.00 X 187 0 0 Kenneth Q Carlile Regent 2.00 X 187 0 0 Shelley Giglio Regent 3.00 X 187 0 0 Larry P Heard Regent 5.00 X 215 0 0 Randolph L Pullin Regent 5.00 X 187 0 0 Mark Hurd Regent 2.00 X 131 0 0 Neal Jeffrey Regent 7.00 X 131 0 0 Mark E Lovvorn Regent 3.50 X 131 0 0 Dennis Ray Wiles Regent 10.00 X 731 0 0 Pattie Orr Vice President for Information Technology & Dean of University Libraries 65.00 X 259478 0 46772 Kenneth L Hall Senior Vice President for University Development and Strategic Initiatives 60.00 X 372996 0 86073 Marsha Duckworth Assistant Secretary 55.00 X 91078 0 17030 Karla Leeper Vice President for Board and Executive Affairs & Chief Compliance Officer 60.00 X 115333 0 18558 Elizabeth Davis Executive Vice President & Provost 70.00 X 193657 0 21393 Kenneth Starr President and Chancellor 75.00 X 836176 0 187870 Kevin Jackson Vice President for Student Life 60.00 X 219843 0 43177 Charles Beckenhauer General Counsel & Chief Legal Officer & Corporate Secretary 47.50 X 283299 0 42450 Tommye Lou Davis Vice President for Constituent Engagement & Chief of Staff 70.00 X 208886 0 38553 Roy Brian Webb Vice President & Chief Investment Officer 45.00 X 429397 0 47234 Felicia Cruz Assistant Secretary 40.00 X 49444 0 17871 John Barry Vice President for Marketing and Communications & Chief Marketing Officer 70.00 X 295692 0 45747 David Garland Interim Provost 65.00 X 178019 0 61037 Bob C Spence Associate Vice President for Financial Services & Treasurer/Assistant Secretary 60.00 X 226583 0 41862 Reagan Ramsower Senior Vice President for Operations & Chief Financial Officer 60.00 X 371425 0 46790 Ian McCaw Vice President & Athletic Director 60.00 X 743983 0 70848 John Whelan Vice President for Human Resources 48.00 X 125008 0 22380 Brian Nicholson Vice President for Facilities and Operations 65.00 X 226640 0 42618 Juan Alejandro Vice President of Governance and Risk & Chief Compliance Officer 50.00 X 178014 0 20134 Judy Carpenter Assistant Secretary 45.00 X 55960 0 25357 Lee Nordt Dean of Arts & Sciences 40.00 X 240258 0 75775 Kim Mulkey Head Women's Basketball Coach 60.00 X 2066206 0 40853 Phil Bennett Assistant Football Coach 75.00 X 1154191 0 45657 Philip Montgomery Assistant Football Coach 75.00 X 713790 0 44134 Arthur Briles Head Football Coach 75.00 X 5899316 0 42303 Scott Drew Head Men's Basketball Coach 70.00 X 2768154 0 45657 Truell Hyde Secretary and Manager of Waco Research Park Property, LLC - Former Key Employee 60.00 X 226266 0 52633 18535609 0 1290766 521 true true true AUSTIN COMMERCIAL LP PO BOX 2879 DALLAS TX 752212879 CONSTRUCTION SERVICES 135655916 ARAMARK HIGHER EDUCATION FACILITIES 24818 NETWORK PLACE CHICAGO IL 606731248 FACILITY MAINTENANCE 37537496 FLINTCO LLC 1624 WEST 21ST TULSA OK 74107 CONSTRUCTION SERVICES 29716881 ARAMARK CAMPUS SERVICES PO BOX 840706 DALLAS TX 752840706 DINING SERVICES 17108875 Linbeck Construction Corporation 201 Main Street Suite 1801 Fort Worth TX 76102 Construction Services 8812558 164 X 0 6860116 2650046 179558 11227656 85410716 22457692 106328092 Tuition and Fees 611310 604592628 604592628 0 0 Education and Grants 611310 23820032 23237237 123792 459003 Room and Board 611310 40379877 40379877 0 0 Government Contracts 611310 14207198 14207198 0 0 Athletics 611310 42793515 41162319 384693 1246503 10601073 10076109 524964 0 736394323 64775378 0 -1715915 66491293 13 0 0 13 7427512 0 658101 6769411 8400 0 0 0 8400 0 8400 0 0 8400 26420506 28623972 25718431 27531231 702075 1092741 1794816 0 0 1794816 173644 2650046 320483 -146839 0 -146839 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 916581695 733655368 -24365 76622600 2600552 2600552 251574663 251574663 0 0 0 0 6582066 928596 4165525 1487945 1331336 1131178 200158 0 247743327 232164250 8182541 7396536 21044291 17925717 2460122 658452 31719363 9292600 21668738 758025 14383137 12042594 1837864 502679 509491 509491 0 0 2866834 49303 2806632 10899 266802 2460 264342 0 183466 0 183466 0 402085 402085 5771245 0 5771245 0 43977041 16941135 26789419 246487 4564868 2182096 2337907 44865 23059518 19357889 2118375 1583254 23194389 14699565 8302637 192187 149834 149264 570 0 26429384 19789734 6590287 49363 22175682 20676442 853869 645371 0 0 0 0 7952727 5946340 1170104 836283 23943573 21828397 1756022 359154 0 0 0 0 43439619 39602163 3185862 651594 0 0 0 0 Change in Postretirement Benefits Obligation 6562099 0 6562099 0 Allocation of Costs Reported in Mgmt and Admin 0 26540753 -26977441 436688 Unrelated Business Income Tax -274657 0 -274657 0 Cost of Goods Sold 2940578 1642841 1297737 0 4646436 8763457 -4796083 679062 819739749 726341480 76457340 16940929 16847696 17294482 153838596 150950921 124032686 117936401 39560967 57260432 0 0 0 418845 355937 936787 817910 9779548 12715199 1551228126 417407186 1002157660 1133820940 7107328 8069003 1205401717 1203590924 10612391 10760570 15 15 0 0 2570694236 2713572734 81420282 80059338 0 0 81004193 158709647 407428611 401036007 257337 275483 0 0 0 17348150 21941222 269315034 278994680 856773607 941016377 X 515265764 656751481 506653557 393238457 692001308 722566419 1713920629 1772556357 2570694236 2713572734 X 96841946 -42613416 0 0 0 4407198 X false true X true true true X 55954594 112731185 142945587 96333453 106328092 514292911 0 0 0 0 0 0 0 0 0 0 0 0 55954594 112731185 142945587 96333453 106328092 514292911 11726078 502566833 62411927 64550266 61674240 68107517 72211303 328955253 0 2593997 1595722 0 0 4189719 902827 954744 703852 1741462 1879150 6182035 853619918 3136263874 0.5887 0.5632 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 - , COLUMN B - , COLUMN C - , COLUMN D - 1204200.0, COLUMN E - 1246503.0, COLUMN F - 2450703.0; DESCRIPTION - RENT INCOME, COLUMN A - 880866.0, COLUMN B - 747078.0, COLUMN C - 539406.0, COLUMN D - 311989.0, COLUMN E - 459003.0, COLUMN F - 2938342.0; DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 21961.0, COLUMN B - 207666.0, COLUMN C - 164446.0, COLUMN D - 225273.0, COLUMN E - 173644.0, COLUMN F - 792990.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 0 false true 136145 true 213310 false true 0 349455 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. THE OFFICE OF GOVERNMENTAL RELATIONS MAINTAINED CONTACT WITH LOCAL, STATE, AND FEDERAL OFFICIALS THROUGH MEETINGS IN WACO, AUSTIN, AND WASHINGTON, D.C. TO DISCUSS MATTERS RELATING TO HIGHER EDUCATION, INCLUDING STUDENT FINANCIAL AID, TAX POLICY, FEDERAL RESEARCH FUNDING, 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, D.C. THIS REPRESENTATIVE ENGAGED IN SIMILAR ACTIVITIES NOTED ABOVE. BAYLOR ANSWERED "YES" ON LINE 1D AS THE UNIVERSITY DID SEND E-MAILS; HOWEVER, THE UNIVERSITY REPORTED AN EXPENSE OF ZERO DUE TO THE DIFFICULTY OF APPORTIONING THE INSIGNIFICANT COSTS ASSOCIATED WITH SUCH E-MAILINGS. BAYLOR ANSWERED "YES" ON LINE 1I AS BAYLOR PAID MEMBERSHIP DUES TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS, THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION, THE AMERICAN COUNCIL ON EDUCATION AND THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS IN THE AMOUNT OF $200,088 DURING THE FISCAL YEAR. THESE DUES WERE PAID TO ORGANIZATIONS WHICH MAY HAVE ENGAGED IN SOME LOBBYING ACTIVITIES. HOWEVER, NO DUES WERE SPECIFICALLY ALLOCATED TO LOBBYING COSTS ON THE INVOICES RECEIVED. THE TOTAL AMOUNT SPENT BY BAYLOR ON LOBBYING ACTIVITIES REPRESENTED AN INSIGNIFICANT PORTION OF THE UNIVERSITY'S TOTAL EXPENDITURES. 25 345922 488363 4904586 40002 11624151 0 0 X X X false false 0 0 0 0 true X 1151200304 25809870 46784813 23296281 34950056 0 1165548650 1061156640 19901892 125557338 22164784 33250782 0 1151200304 964161044 23501360 127322324 21129048 32699040 0 1061156640 1003929142 27776340 -15811124 19654867 32078447 0 964161044 871965931 25656080 156640646 18555686 31777829 0 1003929142 0.18 0.6 0.22 true true true 5100802 71599904 76700706 1094821951 278341269 816480682 1329371 746672 582699 124238555 67328956 56909599 254137543 70990289 183147254 1133820940 823625 F Baptist Foundation of Texas Managed Funds 149035105 F Assets Held by Others 42231684 F Baylor University Fund 1011089924 F Other 410586 F 1203590924 Conditional Asset Retirement Obligation 4229864 Annuities Payable 5700365 Accrued Postretirement Benefits 55855754 Series 2012A Taxable Bonds 200000000 Interest Rate Swap Liability 5518308 Federal Loan Funds Refundable 7690389 278994680 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 amount represents 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 related 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, 2015, the University's tax years ended May 31, 2012 through 2015, 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 the student financial aid programs such as the Federal Perkins Loan, Federal PELL Grant, Federal Supplemental Educational Opportunity Grant, Federal GEAR UP, Federal Work Study, Texas Equalization Grant, and receives federal and state funding for research grants and contracts. Central America and the Caribbean 0 0 Program Services STUDY ABROAD PROGRAMS/STUDENT GROUP TRIPS 196261 Central America and the Caribbean 0 0 Program Services MISSION TRIPS 142377 Central America and the Caribbean 0 0 Program Services EXCHANGE/AFFILIATION PROGRAMS 8532 Central America and the Caribbean 0 0 Program Services SITE VISITS 10960 Central America and the Caribbean 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESEARCH/TRAINING 29061 Central America and the Caribbean 0 0 Program Services SITE VISITS FOR FUTURE MISSION TRIPS 25685 East Asia and the Pacific 0 0 Program Services STUDY ABROAD PROGRAMS/STUDENT GROUP TRIPS 313795 East Asia and the Pacific 0 0 Program Services MISSION TRIPS 35820 East Asia and the Pacific 0 0 Program Services EXCHANGE/AFFILIATION PROGRAMS 0 East Asia and the Pacific 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESEARCH/TRAINING 97101 East Asia and the Pacific 0 0 Program Services ACCREDITATION AND MENTORING 5194 East Asia and the Pacific 0 0 Program Services SITE VISIT TO PARTNER INSTITUTIONS 12382 East Asia and the Pacific 0 0 Program Services STUDENT INTERNSHIPS 0 East Asia and the Pacific 0 1 Program Services RECRUITING 46417 East Asia and the Pacific 0 0 Investments 6374592 Europe (Including Iceland and Greenland) 2 12 Program Services STUDY ABROAD PROGRAMS/STUDENT GROUP TRIPS 6543218 Europe (Including Iceland and Greenland) 0 0 Program Services EXCHANGE/AFFILIATION PROGRAMS 813690 Europe (Including Iceland and Greenland) 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESEARCH/TRAINING/MEETINGS 221048 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT INTERNSHIPS 3900 Europe (Including Iceland and Greenland) 0 0 Program Services SITE VISITS 15934 Europe (Including Iceland and Greenland) 0 0 Program Services RECRUITING 4613 Europe (Including Iceland and Greenland) 0 0 Program Services ATTEND EDUCATIONAL BOOK FAIR 11123 Europe (Including Iceland and Greenland) 0 0 Program Services ATHLETICS 109106 Europe (Including Iceland and Greenland) 0 0 Program Services MISSION TRIPS 40276 Europe (Including Iceland and Greenland) 0 0 Investments 27752745 Middle East and North Africa 0 0 Program Services EXCHANGE/AFFILIATION PROGRAMS 0 Middle East and North Africa 0 0 Program Services BEST PRACTICES SURVEY OF HIGH TECH INCUBATOR 5006 Middle East and North Africa 0 0 Program Services RECRUITING 9945 North America (Canada & Mexico only) 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESERCH/TRAINING 67869 North America (Canada & Mexico only) 0 0 Program Services RECRUITING 3825 North America (Canada & Mexico only) 0 0 Program Services ATHLETICS 13920 North America (Canada & Mexico only) 0 0 Program Services INTERVIEWING JOB CANDIDATES 10448 North America (Canada & Mexico only) 0 0 Investments 4988065 Russia and Neighboring States 0 0 Program Services EXCHANGE/AFFILIATION PROGRAMS 4200 Russia and Neighboring States 0 0 Program Services SITE VISIT FOR 2015 ACM/ICPC WORLD FINALS 0 Russia and Neighboring States 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESEARCH/TRAINING 928 South America 0 0 Program Services STUDY ABROAD PROGRAMS/STUDENT GROUP TRIPS 216249 South America 0 0 Program Services EXCHANGE/AFFILIATION PROGRAMS 26400 South America 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESEARCH/TRAINING 20474 South America 0 0 Program Services RECRUITING 4545 South America 0 0 Program Services SITE VISITS FOR FUTURE MISSION TRIPS 7362 South America 0 0 Program Services INTERNSHIP 0 South America 0 0 Program Services MISSION TRIPS 216865 South Asia 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESEARCH/TRAINING 5433 South Asia 0 0 Program Services MENTORSHIP 13000 South Asia 0 0 Program Services MISSION TRIPS 31555 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD PROGRAMS/STUDENT GROUP TRIPS 148488 Sub-Saharan Africa 0 0 Program Services STUDENT INTERNSHIPS 0 Sub-Saharan Africa 0 0 Program Services MISSION TRIPS 179899 Sub-Saharan Africa 0 0 Program Services EXCHANGE/AFFILIATION PROGRAMS 0 Sub-Saharan Africa 0 0 Program Services CONFERENCE/PAPER PRESENTATION/RESEARCH/TRAINING 17362 Sub-Saharan Africa 0 0 Program Services EXPLORATORY TRIP FOR FUTURE STUDY ABROAD TRIPS 55205 Sub-Saharan Africa 0 0 Program Services RESEARCH A FORMAL PARTNERSHIP BETWEEN NORTHRISE UNIVERSITY AND BAYLOR 78500 Central America and the Caribbean 0 0 Investments 368030700 Sub-Saharan Africa 0 0 Program Services RECRUITING 1340 East Asia and the Pacific 0 0 Program Services ATHLETICS 8961 Sub-Saharan Africa 0 0 Investments 408554 Europe (Including Iceland and Greenland) 0 0 Program Services ART RESIDENCY/EXHIBITION 1578 Europe (Including Iceland and Greenland) 0 0 Program Services WRITING/EDITING PROJECTS 3620 Middle East and North Africa 0 0 Program Services CONFERENCES/RESEARCH 9804 South Asia 0 0 Program Services STUDY ABROAD PROGRAMS/STUDENT GROUP TRIPS 5000 2 13 0 0 2 13 13841395 403567535 417408930 true false true true true true X X X X X X X true RUFFALOCODY 65 KIRKWOOD N RD SW PO BOX 3018 CEDAR RAPIDS IA 524063018 ON CAMPUS PHONE MANAGEMENT false 650353 254057 396296 FUND RAISERS LTD 617 E 43RD STREET BOISE ID 83714 NEW FOOTBALL STADIUM FUNDRAISER false 1566 75311 -73745 MY EVENT CENTRAL 4715 N MEADOW RIDGE CIRCLE MCKINNEY TX 75070 Event Management false 49860 8300 41560 DONALD TRULL 8706 BLOOMFIELD TURN MISSOURI CITY TX 774596042 CONSULTING SERVICES FOR ATHLETIC PROJECTS false 0 40000 -40000 701779 377668 324111 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI Nursing School Gala 2551621 2503284 48337 0 0 8465 59373 30427 64702 Golf Tournament 49008 41523 7485 0 9975 2428 1231 0 2359 12 223062 105240 117822 1400 32721 63286 23663 1364 19089 2823691 2650047 173644 1400 42696 74179 84267 31791 86150 320483 -146839 Schedule G, Part I, Line 2b Prof. fund services vs. expense payments/reimbursements My Event Central invoiced Baylor University separately for items used during the fundraising event. The total amount of such items invoiced was $5,971. Schedule G, Part I, Line 2b Prof. fund services vs. expense payments/reimbursements Fund Raisers, Ltd. invoiced Baylor for postage in the amount of $1,097. 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 but not for professional services. true Brazos Valley Public Broadcasting Foundation One Bear Place 97296 Waco TX 767987296 742674611 501(c)(3) 229376 0 Assist with programming & production costs University of Texas-Southwestern Medical Center 5323 Harry Hines Blvd Dallas TX 753909020 756002868 State of Texas 82688 0 Subcontract - research Texas Impact 200 E 30th Street Austin TX 78705 741902234 501(c)(4) 605303 0 Recruit, support & provide oversight to faith based organizations that assist eligible Texas residents with enrollment for public beenfits. Texas Association of Community Health Center Inc 5900 Southwest Parkway Building 3 Austin TX 78735 742308695 501(c)(3) 815957 0 Recruit, support & provide oversight to community based organizations that assist eligible Texas residents with enrollment for public benefits. Texas Tech University 349 Administration Building Lubbock TX 794091035 756002622 State of Texas 112091 0 Subcontract - Research The Ridge Project Inc J-169 State Route 65 McClure OH 43534 341950890 501(c)(3) 15782 0 Recruit research participants, administer evaluation instrument for research study, and provide TYRO Dads program to treatment group. Indiana University 509 E 3rd Street Bloomington IN 474013654 356001673 State of Indiana 32144 0 Subcontract - research Western Washington University 516 High Street Bellingham WA 982281420 916000562 State of Washington 18542 0 Faculty member to lead and teach summer seminars on topics related to the nature and value of faith. Texas A&M Engineering Experiment Station 400 Harvey Mitchell Pkwy S Suite 300 College Station TX 778454375 741974733 State of Texas 11451 0 Develop in situ fan pressure differentials for fan-powered terminal units and models for alternative configuarions/operations of series and parallel powered induction units. Waco Chamber of Commerce PO Box 1220 Waco TX 76703 740967440 501(c)(6) 54850 0 Economic and Commercial Development; sponsorships Georgetown University 37th and O Streets NW Washington DC 20057 530196603 501(c)(3) 336333 0 Contribution to the Religious Freedom Project and sponsorship of prayer breakfast Christianity Today International 465 Gunderson Drive Carol Stream IL 601882415 520231554 501(c)(3) 10000 0 Donation for the ongoing publication of Books & Culture Waco Habitat for Humanity PO Box 2124 Waco TX 76703 752130884 501(c)(3) 20500 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. Compassion Ministries of Waco 1421 Austin Ave Waco TX 76701 742698244 501(c)(3) 24000 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. Communities in Schools of the Heart of Texas 1001 Washington Ave Waco TX 76701 742563411 501(c)(3) 24200 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits; sponsorship Animal Birth Control Clinic 3238 Clay Avenue Waco TX 76711 237110730 501(c)(3) 17300 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. Waco Family Practice Foundation 1600 Providence Drive Waco TX 767072261 742446071 501(c)(3) 15500 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. Crossties Ministries Inc 1311 Clay Avenue Waco TX 76706 752849153 501(c)(3) 11925 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. Zeolytic Technologies Inc 5514 Griggs Road Apt 1522 Houston TX 77021 473365231 15000 0 Award for business plan and speed pitch competition promoting entrepreneurship and small business competition. Avance Waco 1618 Clay Ave Waco TX 76706 900143587 501(c)(3) 10500 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits; sponsorship Road to Damascus Resource Center & Transition 5034 Franklin Ave Waco TX 76710 272915135 501(c)(3) 14905 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits; sponsorship Care Net Pregnancy Center of Central Texas Inc 4700 W Waco Drive Waco TX 76710 742345781 501(c)(3) 8550 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. World Hunger Relief Inc PO Box 639 Elm Mott TX 766040639 741880456 501(c)(3) 10000 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. Waco Civic Theatre 1517 Lake Air Drive Waco TX 76710 741467606 501(c)(3) 5500 0 Students participated in a University Philanthropy Lab course which teaches students about philanthropy, nonprofits and the third sector. Students were required to research and direct contributions to 501(c)(3) non-profits. 21 3 SUBCONTRACT - RESEARCH 1 52614 SCHOLARSHIPS AND FELLOWSHIPS 14452 249771097 1192458 FMV Books and on-campus room and board RESEARCH GRANTS 75 334337 STUDENT AWARDS 251 176580 TRAVEL GRANTS 69 47577 Schedule I, Part I, Line 2 Description Of Procedure 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 and/or a payment through the Payroll 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 whether the need criterion/level is established or maintained per the completed Application for Federal Student Aid. The scholarship awards cannot exceed the cost of a student to attend the University. 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 and administered through the Office of Sponsored Programs. 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 Vice President for Constituent Engagement & Chief of Staff. The contribution must support the University's interest and be consistent with the University's core values. 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 and/or a payment through the Payroll 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 whether the need criterion/level is established or maintained per the completed Application for Federal Student Aid. The scholarship awards cannot exceed the cost of a student to attend the University. 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 and administered through the Office of Sponsored Programs. 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 Vice President for Constituent Engagement & Chief of Staff. The contribution 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 true true false false false false false true true true Pattie Orr Vice President for Information Technology & Dean of University Libraries 258686 0 0 0 792 0 28080 0 18692 0 306250 0 0 0 Kenneth L Hall Senior Vice President for University Development and Strategic Initiatives 322205 0 0 0 50791 0 28080 0 57993 0 459069 0 0 0 Elizabeth Davis Executive Vice President & Provost 183969 0 0 0 9688 0 20900 0 493 0 215050 0 0 0 Kenneth Starr President and Chancellor 630451 0 175000 0 30725 0 128080 0 59790 0 1024046 0 0 0 Kevin Jackson Vice President for Student Life 219042 0 0 0 801 0 24421 0 18756 0 263020 0 0 0 Charles Beckenhauer General Counsel & Chief Legal Officer & Corporate Secretary 281772 0 0 0 1527 0 28080 0 14370 0 325749 0 0 0 Tommye Lou Davis Vice President for Constituent Engagement & Chief of Staff 206414 0 0 0 2472 0 22995 0 15558 0 247439 0 0 0 Roy Brian Webb Vice President & Chief Investment Officer 285170 0 112500 0 31727 0 28080 0 19154 0 476631 0 0 0 John Barry Vice President for Marketing and Communications & Chief Marketing Officer 295350 0 0 0 342 0 28080 0 17667 0 341439 0 0 0 David Garland Interim Provost 159372 0 0 0 18647 0 27057 0 33980 0 239056 0 0 0 Bob C Spence Associate Vice President for Financial Services & Treasurer/Assistant Secretary 222758 0 0 0 3825 0 25215 0 16647 0 268445 0 0 0 Reagan Ramsower Senior Vice President for Operations & Chief Financial Officer 352809 0 0 0 18616 0 28080 0 18710 0 418215 0 0 0 Ian McCaw Vice President & Athletic Director 601620 0 110000 0 32363 0 28080 0 42768 0 814831 0 0 0 Brian Nicholson Vice President for Facilities and Operations 226355 0 0 0 285 0 25081 0 17537 0 269258 0 0 0 Juan Alejandro Vice President of Governance and Risk & Chief Compliance Officer 177412 0 0 0 602 0 19169 0 965 0 198148 0 0 0 Lee Nordt Dean of Arts & Sciences 240258 0 0 0 0 0 26583 0 49192 0 316033 0 0 0 Kim Mulkey Head Women's Basketball Coach 1840366 0 182000 0 43840 0 28080 0 12773 0 2107059 0 0 0 Phil Bennett Assistant Football Coach 946412 0 173600 0 34179 0 28080 0 17577 0 1199848 0 0 0 Philip Montgomery Assistant Football Coach 578589 0 115200 0 20001 0 28080 0 16054 0 757924 0 0 0 Arthur Briles Head Football Coach 5321540 0 540000 0 37776 0 28080 0 14223 0 5941619 0 0 0 Scott Drew Head Men's Basketball Coach 2550929 0 163000 0 54225 0 28080 0 17577 0 2813811 0 0 0 Truell Hyde Secretary and Manager of Waco Research Park Property, LLC - Former Key Employee 226266 0 0 0 0 0 24758 0 27875 0 278899 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel First-class or charter travel - A few Baylor Regents and/or officers occasionally traveled on a charter flight provided for Athletic Department team travel to engage in donor development efforts and event oversight on behalf of the University. The President and Chancellor used the Baylor provided plane or charter flight to conduct University business, such as attending meetings/conferences/Baylor athletic events, speaking engagements, donor cultivation events, or fundraising events. Certain highly compensated employees traveled on charter flights with their respective athletic teams to attend athletic events. The Baylor provided plane was used by highly compensated employees for student athletic recruiting purposes, attending media events, attending donor related activities and events, conferences, honorary luncheons, speaking engagements, or attending coaching conferences/clinics. Charter flights were reviewed by the University and any part of a flight that was not business related was reported as taxable compensation. The President and Chancellor traveled first-class on four flights due to the duration of flights, scheduling conflicts, and/or need for rest and recuperation following a demanding business travel schedule. Two of these flights were approved by the Vice President for Human Resources. The other two flights were approved by the President's Office due to limited availability of seats and the exigencies of the travel. Travel by the President and Chancellor is reviewed by the Regent's Audit and Compliance Committee (Committee). On a go forward basis, the Committee has approved allowing the President's Office to determine when first-class travel is appropriate; however, all first-class travel will be reviewed annually by the Committee. Schedule J, Part I, Line 1a Travel for companions Travel for companions - Occasionally, guests or family members 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 for the companion travel. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Tax indemnification and gross-up payments - Men's and Women's head basketball coaches had personal travel stipend grossed-up to provide contractual amount owed by the University. Men's head basketball coach also had summer camp fee for working at camp grossed-up to equate amount University agreed to pay. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Housing allowance or residence for personal use - The Interim Provost and Senior Vice President for Development and Strategic Initiatives received a minister's housing allowance which was associated with the provision of services related to duties and thus appropriately not reported as taxable compensation. Baylor also provided the Senior Vice President for Development and Strategic Initiatives with additional housing and reported it as taxable income. Baylor provided the President and Chancellor with a house 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 Social club dues or initiation fees - Certain officers and highly compensated employees were provided country club memberships in one or two local clubs. All club memberships were reported as taxable compensation. Schedule J, Part I, Line 1a Personal services Personal services - Baylor provided housekeeping services for the University-provided house for the President and Chancellor. The portion of the housekeeping expenses used for personal purposes were included as taxable income to the President and Chancellor. 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. Social club memberships are reported as taxable income. The Baylor aircraft policy is 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. Tax indemnification and gross-up payments require Board of Regents approval. The President and Chancellor's housing is provided as a condition of employment per the terms of his contract, and the house is provided for the convenience of the University. Housekeeping services are handled as noted above. Schedule J, Part I, Line 4a Severance or change-of-control payment The Senior Vice President for University Development & Strategic Initiatives was terminated without cause and will receive severance pay per his employment agreement. The pay is to total $1,222,482 and be paid out monthly over a three year period from the date of termination. The University withholds appropriate taxes from each monthly payment. The severance pay is to be reduced by any amount of compensation the Senior Vice President for University Development & Strategic Initiatives receives from the University or any other employer. The University's position is that this pay qualifies as a bona fide severance pay per Code section 457(e)(11). Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The President and Chancellor participated in a nonqualified deferred compensation arrangement under Internal Revenue Code section 457(f). The President and Chancellor received an accrued benefit of $100,000 during 2014. The accrued deferred compensation shall vest on the earlier of death, permanent disability, or May 31, 2015 if he is still employed at Baylor. Schedule J, Part I, Line 7 Non-fixed payments Baylor University's Board of Regents awarded the President and Chancellor a performance bonus in 2014. The 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 benchmarked performance of the Baylor's investment fund. Highly compensated coaches may receive championship rings and/or gift cards which are reported as taxable income. A Waco Education Finance Corporation 020603383 929833AP6 2008-04-08 271184519 Refunding of prior issues 05/23/2002 and 05/17/2006. false false false B Clifton Higher Education Finance Corporation 800349380 187154AV1 2011-04-14 110202345 Refunding/refinancing of 2008B and commercial paper - 12/10/2008. false false false C Waco Education Finance Corporation 020603383 929833AW1 2012-02-22 129496800 New construction and real estate. false false false A 94175000 0 271184726 0 0 0 1042721 72544 3665000 0 266404461 0 true false true true B 11890000 0 110202352 0 0 0 1183277 0 0 0 109019075 0 true false true true C 0 0 129621443 0 6025765 0 1070499 0 0 122452107 0 73072 2014 false false true true A false false true true true true 0.0063 0.0 0.0063 false false true B false true true true true true 0.0055 0.0 0.0055 false false true C false false true true false 0.0 0.0 0.0 false false true A false false false true true true Barclays Bank LLP 22.5 false false false false true B false false false true false false false false true C false true false true false false false false true A true B true C true Schedule K, Part II, Line 13 Columns A & B Columns A & B 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 B $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 IV, Line 3 Column A In the issuance of the Waco Education Finance Corporation Series 2008 bonds, only $159,100,000 was variable. The remaining $112,100,000 was fixed. Of the $159,100,000 variable bonds, $5,675,000 reached maturity prior to $73,875,000 being refunded by Series 2011. 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. These procedures were reviewed during the current year. Schedule K, Part II, Line 11 Column A The amount was used to refund a prior issue. Schedule K, Part II, Line 1 Column B $11,890,000 of the Series 2011 bonds reached maturity. Schedule K, Part IV, Line 2c Column C Even though the Series 2012 issue is within the first five year period, an intermediate calculation was completed as of 5/31/2015. Schedule K, Part II, Line 3 Column A, B, & C The total proceeds exceeds the issue price by the investment earnings through 5/31/2015. Schedule K, Part II, Line 1 Column A The amount of the bonds retired includes $79,550,000 of the Series 2008B bonds (of which $5,675,000 reached maturity and $73,875,000 was refunded by the Series 2011 issue) and $14,625,000 of the Series 2008A bonds that reached maturity. Schedule K, Part II, Line 9 Column A The amount reported is swap termination fees. Schedule K, Part IV, Line 2c Rebate Calculation Issuer name: Waco Education Finance Corporation The calculation for computing no rebate due was performed on 01/31/2009 Schedule K, Part IV, Line 2c Rebate Calculation Issuer name: Clifton Higher Education Finance Corporation The calculation for computing no rebate due was performed on 09/30/2011 NOT REQUIRED NOT REQUIRED 52500 MERIT SCHOLARSHIPS Educational Support NOT REQUIRED NOT REQUIRED 24324 Athletic scholarships Educational Support Greg Hamerly Son-in-law of Officer Patti Orr 5000 URSA grant University research CHARLES DAVIS SPOUSE OF OFFICER ELIZABETH DAVIS 217269 EMPLOYMENT false MICHAEL BARRY SON OF OFFICER JOHN BARRY 45426 EMPLOYMENT false GREG HAMERLY SON-IN-LAW OF OFFICER PATTIE ORR 160121 EMPLOYMENT false IVY HAMERLY DAUGHTER OF OFFICER PATTIE ORR 82800 EMPLOYMENT false DIANA GARLAND SPOUSE OF FORMER INTERIM PRESIDENT DAVID GARLAND 214677 EMPLOYMENT false JANA HIXSON DAUGHTER OF REGENT MILTON HIXSON 81580 EMPLOYMENT false WASHINGTON PARTNERS LTD SON OF REGENT CLIFTON ROBINSON IS OFFICER 579456 PARTNERSHIP LEASES BUILDING SPACE TO BAYLOR UNIVERSITY false Sam Patterson SON-IN-LAW OF REGENT Mark Lavvorn 93135 EMPLOYMENT false Sherry Alejandro SPOUSE OF OFFICER Juan Alejandro 15254 Employment false X 3 25002 Opinions of experts X 462 NONE X 151 21246031 Other X 1 25100 Selling cost X 3 166781 Other X 1 15000 Opinions of experts X 7 18960 Market value X Football Tickets 6 7120 Market value X Equipment 5 197182 Other X Gift Cards 1 300 Cost X Horses 8 740002 Opinions of experts X Organ and Piano 2 2 NONE X Supplies 1 15750 Market value 5 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. 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 III, Line 4d Description of other program services (Expenses $ 63,724,528 including grants of $ 2,777,679)(Revenue $ 129,956,820) OTHER EXPENSES CONTAINED HEREIN ARE COMPRISED OF THE FOLLOWING: RESEARCH, PUBLIC SERVICES, AND AUXILIARY ENTERPRISES. BAYLOR ENGAGES IN RESEARCH WORK SPONSORED BY NUMEROUS FEDERAL, STATE, AND LOCAL AGENCIES. ADDITIONALLY, BAYLOR PROVIDES NON-INSTRUCTIONAL SERVICES THAT BENEFIT INDIVIDUALS AND GROUPS EXTERNAL TO BAYLOR. AUXILIARY ENTERPRISES ARE COMPRISED GENERALLY OF THE FOLLOWING ITEMS: RESIDENCE HALLS, DINING SERVICES, BOOKSTORE, 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 20,445 1098-T FORMS, 733 1098-E FORMS, 1,364 1099-MISC FORMS, 6 1099-K FORMS, AND 4 1099-R FORMS. Form 990, Part VI, Line 16b JOINT VENTURE POLICY OR PROCEDURE BAYLOR DOES NOT HAVE A FORMALLY ADOPTED WRITTEN POLICY OR PROCEDURE REGARDING JOINT VENTURES BUT HAS A DRAFT POLICY THAT IS TO BE ADOPTED IN THE SUBSEQUENT TAX YEAR. THERE WERE TWO JOINT VENTURE INVESTMENTS THAT TRIGGERED THE "YES" RESPONSE TO PART VI, LINE 16A. ONE WAS GIFTED TO BAYLOR BY A BENEFACTOR AND PRODUCES AN IMMATERIAL AMOUNT OF INCOME TO THE UNIVERSITY. THE SECOND JOINT VENTURE INVOLVES THE UNIVERSITY TAKING A VERY SMALL EQUITY INTEREST IN A START-UP COMPANY IN WHICH THE UNIVERSITY HAS THE PATENT RIGHTS AND LICENSED OUT THESE RIGHTS IN RETURN FOR A ROYALTY PAYMENT. IN GENERAL, BAYLOR WILL NOT ENTER INTO A JOINT VENTURE OR INVESTMENT AGREEMENT UNLESS (1) THE UNIVERSITY AT ALL TIMES RETAINS CONTROL OVER THE VENTURE SUFFICIENT TO ENSURE THAT THE PARTNERSHIP FURTHERS THE EXEMPT PURPOSE OF THE UNIVERSITY; (2) IN ANY PARTNERSHIP IN WHICH THE UNIVERSITY IS A PARTNER, ACHIEVEMENT OF EXEMPT PURPOSES IS PRIORITIZED OVER MAXIMIZATION OF PROFITS FOR THE PARTNERS; (3) THE PARTNERSHIP DOES NOT ENGAGE IN ANY ACTIVITIES THAT WOULD JEOPARDIZE THE UNIVERSITY'S EXEMPTION; AND (4) ALL CONTRACTS ENTERED INTO BY THE PARTNERSHIP WITH THE UNIVERSITY MUST BE AT ARM'S-LENGTH OR MORE FAVORABLE TO BAYLOR. 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 2 Family/business relationships amongst interested persons Joel Allison and Ronald Wilson - Business relationship, Kenneth Starr and Ronald Wilson - 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 & Compliance Committee. The Senior Vice President for Operations & Chief Financial Officer, Associate Vice President for Financial Services & Treasurer, Director of Tax & Compliance, and Vice President of Governance & Risk & Chief Compliance Officer reviewed, discussed, and answered questions regarding the Form 990 and attached schedules with the Regent Audit & Compliance Committee. The review was conducted, and a 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 three separate conflict of interest policies applicable to the following groups: (1) Regents; (2) officers, administrative employees and other employees; and (3) faculty. Each group is required to complete an annual conflict of interest disclosure form. Regents: The Vice President of Governance & Risk & Chief Compliance Officer reviews all completed Regent conflict disclosure forms and consults with the President & Chancellor, Senior Vice President for Operations & Chief Financial Officer, General Counsel, and other University administrators, if necessary. A final report is prepared for review by the Regent Audit & Compliance 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. Officers, administrative employees and other employees: The Vice President of Governance & Risk & Chief Compliance Officer reviews all completed conflict disclosure forms and consults with the President & Chancellor, General Counsel, Senior Vice President for Operations & Chief Financial Officer, Vice President for Human Resources/Associate Vice President for Human Resources, and other University administrators, if necessary. A final report of all potential conflicts which includes the Vice President of Governance & Risk & Chief Compliance Officer's opinion as to whether a conflict of interest exists is provided to the President & Chancellor and Senior Vice President for Operations & Chief Financial Officer. Should the Vice President of Governance & Risk & Chief Compliance Officer and Senior Vice President for Operations & Chief Financial Officer differ in opinion as to whether a conflict of interest exists, then a final decision is made by the President & Chancellor. However, for potential conflicts reported by the President & Chancellor and his direct reports, the Regent Audit & Compliance Committee will review those matters and make the final decision. A final report of all potential conflicts which includes the Vice President of Governance & Risk & Chief Compliance Officer's opinion as to whether a conflict exists is provided to the Regent Audit & Compliance Committee. Officers, administrative employees and other 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. Conflicts of interest of a severe nature include application of the Baylor University Staff Disciplinary Policy, which provides for different levels of disciplinary actions, including employee termination. Faculty: The Vice President of Governance & Risk & Chief Compliance Officer and the Executive Vice President and Provost review all completed conflict disclosure forms and consult with the President & Chancellor, General Counsel, Vice President for Human Resources/Associate Vice President for Human Resources, and other University administrators , if necessary. Should the Vice President of Governance & Risk & Chief Compliance Officer and the Executive Vice President and Provost differ in opinion as to whether a conflict of interest exists, then a final decision is made by the President & Chancellor. A final report of all potential conflicts which includes the Vice President of Governance & Risk & Chief Compliance Officer's opinion as to whether a conflict exists is provided to the Regent Audit & Compliance Committee. Faculty 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. Conflicts of interest of a severe nature include application of Baylor University Personnel Policy which provides for consequences including termination of the faculty member. 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 & Chancellor must be approved by the Board in order to go into effect. A Regent subcommittee conducts the President & Chancellor 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 the College and University Professional Association for Human Resources surveys, Western Management Group Surveys, The Chronicle for Higher Education, and outside consultant surveys that include salaries and/or benefits data. The Regent subcommittee reviews the reasonableness of compensation arrangements against the comparability data as well as the performance of the President & Chancellor 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 done in 2014-2015. 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 & Chancellor's salary recommendations for Executive Council members. The comparability data comes from a variety of sources to include the College and University Professional Association for Human Resources surveys, Western Management Group Surveys, The Chronicle for Higher Education, Form 990s, Winthrop AD surveys, athletics association surveys, and outside consultant surveys, that include salaries and/or benefits data. 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 is done annually and as needed. All officers and key employees that are included in Part VII, Section A, were reviewed under this process in 2014-2015. Form 990, Part VI, Line 19 Required documents available to the public Baylor's financial statements and conflict of interest policies for faculty and officers, administrative employees, and other employees are posted on Baylor's website. The University's governing documents and conflict of interest policy for Regents are not available to the public. Form 990, Part VII, Section A, Line 1a, Column (B) Average Hours Per Week A former key employee has average hours reported because this individual remains an employee of the University but not in the role as a key employee. 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 that was 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 5/31/15. Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: 10601073, Related or Exempt Function Revenue: 10076109, Unrelated Business Revenue: 524964, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Loss on Interest Rate Swap - -1556746; Present Value Adjustment to Annuities Payable - -1209101; Adjustment for Fundraising Expense Crossover - 5261; Facilities & Admin Cost Allocation Adjustment - 2261564; Ticket Elimination - 1074368; Miscellaneous Reclass - 3831852; Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception Fixed payments associated with the contract entered into with the President and Chancellor is subject to the initial contract exception. The President and Chancellor was not a disqualified person immediately prior to entering into the initial contract. Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - KIM MULKEY, COMPENSATION FROM UNRELATED ORGANIZATION - 60005.000000, NAME OF UNRELATED ORGANIZATION - NIKE, TYPE OF COMPENSATION - APPAREL, COMPENSATION AND BONUS Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - PHIL BENNETT, COMPENSATION FROM UNRELATED ORGANIZATION - 2250.000000, NAME OF UNRELATED ORGANIZATION - NIKE, TYPE OF COMPENSATION - APPAREL Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - PHILIP MONTGOMERY, COMPENSATION FROM UNRELATED ORGANIZATION - 2250.000000, NAME OF UNRELATED ORGANIZATION - NIKE, TYPE OF COMPENSATION - APPAREL Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - ARTHUR BRILES, COMPENSATION FROM UNRELATED ORGANIZATION - 5000.000000, NAME OF UNRELATED ORGANIZATION - NIKE, TYPE OF COMPENSATION - APPAREL Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - SCOTT DREW, COMPENSATION FROM UNRELATED ORGANIZATION - 5000.000000, NAME OF UNRELATED ORGANIZATION - NIKE, TYPE OF COMPENSATION - APPAREL TR UA GEORGE AND SID JONES TRUST #0842 COMMUN BANK AND TRUST PO BOX 2303 WACO TX 76703 746157568 GRANTOR TRUST IN SUPPORT OF BAYLOR TX 66258 1058141 BAYLOR UNIVERSITY MARY ANN KOKERNOT LAWRENCE LACY TRUST COMM BANK AND TRUST PO BOX 2303 WACO TX 76703 GRANTOR TRUST IN SUPPORT OF BAYLOR TX 0 388583 BAYLOR UNIVERSITY BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34 PO BOX 97296 WACO TX 76798 742674611 PROVIDE AND PROMOTE QUALITY EDUCATIONAL PROGRAMMING TX 501(c)(3 7 BAYLOR UNIVERSITY true BAYLOR UNIVERSITY WOMEN'S COUNCIL OF DALLAS INC 700 N PEARL STREET SUITE 1100 DALLAS TX 75201 752236939 SCHOLARSHIP FUNDRAISING TX 501(c)(3 Type II NA false 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 SCHOLARSHIPS 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 TX 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 (50) CHARITABLE TRUST - SUPPORT TX NA Trust true CHARITABLE LEAD TRUSTS (2) CHARITABLE TRUST - SUPPORT TX NA Trust true POOLED INCOME FUND (1) CHARITABLE TRUST - SUPPORT TX NA Trust true CHARITABLE REMAINDER TRUSTS (14) CHARITABLE TRUST - SUPPORT TX NA Trust false CHARITABLE LEAD TRUST (1) CHARITABLE TRUST - SUPPORT FL NA Trust true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT CA NA Trust false CHARITABLE REMAINDER TRUSTS (2) CHARITABLE TRUST - SUPPORT LA NA Trust true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT KY NA Trust true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT TN NA Trust true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT OR NA Trust true CHARITABLE REMAINDER TRUST (1) CHARITABLE TRUST - SUPPORT AR NA Trust true true true true false false false false false false false true true true true true false false false true Brazos Valley Public Broadcasting Foundation DBA KWBU-34 B 229376 Cash Contributions Brazos Valley Public Broadcasting Foundation DBA KWBU-34 L 234979 Cost Brazos Valley Public Broadcasting Foundation DBA KWBU-34 M 124092 Cost Brazos Valley Public Broadcasting Foundation DBA KWBU-34 N 75849 Estimated Fair Market Value FB Kirchner Scholarship Fund #6886 A 12989 Cash Bryan Nichols Scholarship Trust 332 A 5884 Cash Kokernot trust A 279677 Cash Pooled Income Fund A 2619 Cash Charitable Lead Trust (4) C 497129 Cash