2012-04-17T09:31:31-05:00 2011-05-31 FITTS ROBERTS & CO PC 5718 WESTHEIMER SUITE 800 HOUSTON TX 77057 990 2010-06-01 741400699 HOUSTON BAPTIST UNIVERSITY HOUS 2816493000 7502 FONDREN RD HOUSTON TX 77074 SANDRA N MOONEY 2816493000 2012-04-17 1 ROSE KAY PARKER CPA 7132605230 2012-04-13 2010 2016-02-24 21:20:13Z DR ROBERT B SLOAN JR 7502 FONDREN RD HOUSTON TX 77074 82683190 0 X WWW.HBU.EDU X 1960 TX TO PROVIDE INSTRUCTION FOR APPROXIMATELY 2,500 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE COURSES 36 36 881 1250 -19624 -19624 11286853 8863794 51650385 54749860 2227231 1476051 1691692 13555346 66856161 78645051 20985177 23526328 0 0 25242595 24184029 0 0 740325 21541072 19777797 67768844 67488154 -912683 11156897 182037006 200082618 61528907 61834397 120508099 138248221 THE MISSION OF HOUSTON BAPTIST UNIVERSITY IS TO PROVIDE A LEARNING EXPERIENCE THAT INSTILLS IN STUDENTS A PASSION FOR ACADEMIC, SPIRITUAL, AND PROFESSIONAL EXCELLENCE AS A RESULT OF OUR CENTRAL CONFESSION, "JESUS CHRIST IS LORD" 0 0 44023200 23526328 68065398 PROVIDES INSTRUCTION FOR APPROXIMATELY 2,500 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE COURSES. 44023200 1 1 0 1 0 0 0 1 0 1 1 0 1 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 1 161 0 1 881 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X SANDRA N MOONEY CPA VP FOR FINANCIAL OPERATIONS 2816493000 7502 FONDREN RD HOUSTON TX 77074 MARK AMMERMAN X 0 0 0 RICK BAILEY X 0 0 0 CAROL ANN BONDS X 0 0 0 KANDY BRITTAIN X 0 0 0 DAVID R BROOKS X 0 0 0 MADELINE COLLIER X 0 0 0 RAY L COX JR X 0 0 0 MARK E DENISON X 0 0 0 MARK ESTEP X 0 0 0 WILLIAM H FLORES X 0 0 0 JOHN W GIBSON JR X 0 0 0 PAT GOETTSCHE X 0 0 0 JOSH GUAJARDO X 0 0 0 KEITH W JACOBSON X 0 0 0 TERRELL L JOHNSON X 0 0 0 LYNN KIESEWETTER X 0 0 0 HOWARD C LEE JR X 0 0 0 TERRY LOOPER X 0 0 0 GREGG MATTE X 0 0 0 STEWART MORRIS SR X 0 0 0 BEN RENBERG X 0 0 0 MARC RYLANDER X 0 0 0 JOSEPH C SLEETH JR X 0 0 0 CLOIS R SMITH X 0 0 0 RAY STILL X 0 0 0 DAVID Y STUTTS X 0 0 0 JANET TAYLOR X 0 0 0 TAD TELLEPSEN X 0 0 0 MARTHA TURNER X 0 0 0 CHARLIE WARD X 0 0 0 BILL WILLIAMS X 0 0 0 BRUCE WILLIAMS X 0 0 0 DIANE WILLIAMS X 0 0 0 LARRY WOMACK X 0 0 0 DON WOO X 0 0 0 ED YOUNG X 0 0 0 ROBERT B SLOAN 40.00 X 262305 0 0 PAUL J BONICELLI 40.00 X 160594 0 3048 SANDRA N MOONEY 40.00 X 159157 0 0 JAMES L STEEN 40.00 X 153664 0 0 CHARLES E BACARISSE 40.00 X 137604 0 0 SHARON E SAUNDERS 40.00 X 125688 0 0 ROBERT K GAYNOR 40.00 X 109002 0 0 STEVEN C MONIACI 40.00 X 97642 0 0 MOHAN KURUVILLA 40.00 X 160734 0 0 JOHN R BROOKS 40.00 X 138557 0 0 MICHAEL K BOURKE 40.00 X 132270 0 0 PHAEDON P PAPADOPOULOS 40.00 X 120570 0 0 LEVON HAYRAPETYAN 40.00 X 115161 0 0 1872948 0 3048 18 0 1 0 ARAMARK SERVICES INC 7502 FONDREN RD HOUSTON TX 77074 FACILITIES MAINTENANCE 2122289 ARAMARK EDUCATION PO BOX 100401 PASADENA CA 91189 CAFETERIA MANAGEMENT 1027274 TROUBADOR 16365 PARK TEN PLACE SUITE 650 HOUSTON TX 77084 IT EQUIPMENT 571080 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 ENROLLMENT MANAGEMENT 570309 HANOVER INSURANCE CO PO BOX 4031 WOBURN MA 01888 INSURANCE COVERAGE 497392 27 210426 4110453 4542915 10000 8863794 TUITION AND FEES 611600 52351405 52351405 AUXILIARY SERVICES 611600 2398455 2363455 35000 54749860 699572 699572 259432 259432 3215963 560445 2655518 2655518 2710142 -54624 2466404 1689925 776479 776479 776479 353820 210426 353820 0 1799191 1433949 365242 365242 OTHER 611600 10012535 10012535 ATHLETICS 611600 262619 262619 10275154 78645051 68065398 -19624 1735483 23526328 23526328 1537435 1118800 281030 137605 18540801 12382270 5773337 385194 813832 527293 263730 22809 1884637 1142411 697799 44427 1407324 927689 443729 35906 356012 106365 249647 392784 392784 110038 110038 653094 96003 476881 80210 847971 694723 143070 10178 452961 16770 436191 366188 56987 293814 15387 51488 11833 31046 8609 1617820 1617820 404 404 3808113 1890483 1917630 454033 454033 CONTRACT LABOR 2086342 767803 1318539 0 UTILITIES 1943749 1115 1942634 0 ATHLETICS 1620632 0 1620632 0 PLANT EXPENDITURES 1305201 0 1305201 0 MAINTENANCE AND REPAIRS 1247105 0 1247105 0 2463862 756327 1707535 67488154 44023200 22724629 740325 4147910 4950841 1545375 11826808 2498028 1461288 3994097 3588117 293108 289140 537476 564771 692019 598681 133284437 34701996 100400306 98582441 32846623 40842959 8157615 9030275 26266778 26121414 657671 2225883 182037006 200082618 5382302 6023402 180196 243063 52100000 51160000 1033970 560134 282617 225144 2549822 3622654 61528907 61834397 X 60489321 73379069 19137629 22923828 40881149 41945324 120508099 138248221 182037006 200082618 X 11156897 5306337 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 1 149 149 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: TO ASSIST/LOBBY FOR VARIOUS GOVERNMENT GRANTS FOR THE UNIVERSITY 0 0 0 0 0 0 0 0 10000 5612855 X X X 0 0 0 76770659 476813 8719183 4199168 -1899946 83667433 72177268 791571 5270695 4722685 -3253810 0 76770659 0.27800 0.50100 0.22100 1 0 2135654 2135654 92578520 13873996 78704524 14696216 8220692 6475524 21373277 11225363 10147914 2500770 1381945 1118825 98582441 REAL ESTATE 24670001 F MINERAL RIGHTS 1451413 F 26121414 BOND INTEREST RATE SWAP LIABILITY 3450888 DEPOSITS 171766 3622654 78645051 67488154 11156897 6583225 -1276888 5306337 16463234 64683599 6583225 5060281 11643506 53040093 25604958 25604958 78645051 48220365 6337171 6337171 41883194 25604960 25604960 67488154 PART III, LINE 4: THE UNIVERSITY HAS VARIOUS HISTORICAL PIECES WHICH ARE BEING EXHIBITED IN THE UNIVERSITY'S MUSEUM OF SOUTHERN HISTORY AND BIBLE MUSEUM. THERE IS ALSO A CLASSICAL MASTER'S PAINTING IN THE UNIVERSITY CHAPEL. THESE MUSEUMS AND CHAPEL GIVES THE UNIVERSITY THE ABILITY TO GIVE STUDENTS A "HANDS ON" EXPERIENCE WITH HISTORICAL ITEMS RELATED TO RELIGIOUS AND UNITED STATES HISTORY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY ENDOWMENT IS USED PRIMARILY TO PROVIDE STUDENTS WITH SCHOLARSHIPS. A SMALLER PORTION FROM THE BOARD DESIGNATED ENDOWMENT IS USED TO HELP THE UNIVERSITY PAY FOR THE ONGOING COSTS RELATED TO MAINTAINING AND OPERATING THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS ACCOUNTING GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FINANCIAL STATEMENTS. ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE STANDARD REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD ARE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE UNIVERSITY'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IN INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. THE ADOPTION OF ASC 740 DID NOT HAVE AN EFFECT ON THE UNIVERSITY'S NET ASSET VALUE, FINANCIAL POSITION OR RESULTS OF ACTIVITIES. AS OF MAY 31, 2011 AND 2010 AND FOR THE YEARS THEN ENDED, THE UNIVERSITY AND ITS SUBSIDIARY, BSI, DID NOT HAVE AN ASSET OR LIABILITY FOR ANY UNRECOGNIZED TAX POSITIONS. MANAGEMENT'S DETERMINATIONS REGARDING ASC 740 MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED UPON FACTORS INCLUDING, BUT NOT LIMITED TO, AN ON-GOING ANALYSIS OF TAX LAWS, REGULATIONS AND INTERPRETATIONS THEREOF. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS OF THE INTERNAL REVENUE SERVICE. THE UNIVERSITY BELIEVES IT IS NO LONGER SUBJECT TO AUDITS FOR YEARS PRIOR TO 2008. PART XII, LINE 2D - OTHER ADJUSTMENTS: BSI REVENUE 3,244,738. BOOKSTORE COST OF GOODS SOLD 1,433,949. RENTAL EXPENSES ALLOCATION 381,594. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED AID (DIFFERENT TREATMENT PER 990 AS COMPARED TO FINANCIAL) 23,526,328. MISCELLANEOUS EXPENSES 31,075. INTERCOMPANY ELIMINATIONS 2,047,555. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BSI EXPENSE 4,521,628. BOOKSTORE COST OF GOODS SOLD 1,433,949. RENTAL EXPENSES ALLOCATION 381,594. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED AID (DIFFERENT TREATMENT PER 990 AS COMPARED TO FINANCIAL) 23,526,328. MISCELLANEOUS EXPENSES 31,077. INTERCOMPANY ELIMINATIONS 2,047,555. PART XI - LINE 8 - OTHER $(1,276,888) THIS IS THE NET LOSS FOR BSI, A FOR-PROFIT SUBSIDIARY OF HBU, WHICH IS INCLUDED ON THE FINANCIAL STATEMENTS BUT IS NOT INCLUDED ON THE 990 AS BSI FILES ITS OWN RETURN. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 HBU'S NONDISCRIMINATORY POLICY IS INCLUDED ON OUR WEBSITE AND ALL HBU PUBLICATIONS RELATING TO ENROLLMENT AND STUDENT DIVERSITY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 HBU RECEIVED GOVERNMENTAL FINANCIAL AID IN THE FORM OF GRANTS. THE MAJORITY OF THESE GRANTS ARE THEN PROVIDED TO THE STUDENTS OF THE UNIVERSITY TO ASSIST WITH PAYING FOR TUITION AND/OR LIVING COSTS. A SMALL PERCENTAGE OF THE GRANTS RECEIVED BY HBU WERE USED BY THE UNIVERSITY TO SPEND ON REGULAR RECURRING OPERATIONAL EXPENSES. SPIRIT OF EXCELLENCE 458260 104440 353820 353820 GUILD SILVER TEA 69636 69636 2 36350 36350 564246 210426 353820 353820 353820 0 0 SCHOLARSHIPS TO STUDENTS 2000 23526328 BOOK OTHER INFORMATION: PART IV: ALL GRANTS ARE GIVEN TO STUDENTS IN THE FORM OF SCHOLARSHIPS, THEREFORE A DETAILED MONITORING PROCESS IS NOT NECESSARY FOR THE UNIVERSITY. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT B SLOAN 260780 0 0 0 1525 0 0 0 0 0 262305 0 0 0 PAUL J BONICELLI 160398 0 0 0 196 0 0 0 3048 0 163642 0 0 0 SANDRA N MOONEY 158855 0 0 0 302 0 0 0 0 0 159157 0 0 0 JAMES L STEEN 153542 0 0 0 122 0 0 0 0 0 153664 0 0 0 MOHAN KURUVILLA 160472 0 0 0 262 0 0 0 0 0 160734 0 0 0 CRAWFORD EDUCATION FACILITIES CORPORATION 721536594 225097AC8 2007-11-29 53000000 CONSTRUCTION OF 3 NEW BUILDINGS ON CAMPUS; REFUND PRIOR ISSUE DATED 7/27/200 0 0 0 1840000 53000000 394307 46628005 5977688 2008 1 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 SCHEDULE K, PART II, LINE 11 EXPLANATION OF OTHER SPENT PROCEEDS PROCEEDS USED TO CURRENTLY REFUND PRIOR ISSUE WERE $5,977,688. THE REFUNDED BONDS WERE ORIGINALLY ISSUED ON 7/27/2000. JAMES STEEN CONTROL SHAREHOLDER 570309 ENROLLMENT MANAGEMENT 0 DAVID BROOKS CONTROL SHAREHOLDER 570309 ENROLLMENT MANAGEMENT 0 DAVID STUTTS SR. VP - FINANCE 581 TITLE INSURANCE 0 X 1 10000 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE UNIVERSITY IS PROVIDED WITH A DRAFT COPY OF THE FORM 990 PRIOR TO FILING. THEY ARE ASKED TO REVIEW AND PROVIDE ANY FEEDBACK THEY FEEL APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C UNIVERSITY REVIEWS ALL ANNUALLY SUBMITTED FORMS AND FOLLOWS-UP WITH ANY MEMBER WHO STATES THAT THEY BELIEVE THEY MAY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A FOR THE UNIVERSITY'S PRESIDENT, THE BOARD UTILIZES AN EXTERNAL COMPENSATION ADVISORY REPORT FOR NON-PROFITS AND HIGHER-EDUCATION INSTITUTIONS IN ADDITION TO REVIEW OF THE COMPENSATION OF OTHER UNIVERSITIES AND DISCUSSION TO DETERMINE HOW THE UNIVERSITY'S PRESIDENT IS TO BE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY HAS CHOSEN TO MAKE OUR IRS FORM 990 AVAILABLE UPON REQUEST. THE UNIVERSITY HAS CHOSEN AT THIS POINT NOT TO MAKE PUBLIC OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR AUDITED FINANCIAL STATEMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 6,583,225. BSI NET LOSS -1,276,888. TOTAL TO FORM 990, PART XI, LINE 5: 5,306,337. THE PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR. HB HOUSING PARTNERSHIP I LTD 7502 FONDREN RD HOUSTON TX 77074 760503221 APARTMENT RENTAL TX BEECHNUT STREET INC UNRELATED 0 0 BEECHNUT STREET INC 7502 FONDREN RD HOUSTON TX 77074 740292451 REAL ESTATE RENTAL TX HOUSTON BAPTIST UNIVERSITY C 1.00000 HB HOUSING CORPORATION 7502 FONDREN RD HOUSTON TX 77074 760503219 APARTMENT RENTAL TX BEECHNUT STREET INC C 1.00000 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 BEECHNUT STREET INC J 933700 ACTUAL BEECHNUT STREET INC A 5579 ACTUAL BEECHNUT STREET INC N 332902 ACTUAL HB HOUSING PARTNERSHIP J 70304 ACTUAL