Baylor University

The information on this page was last updated 5/1/2024. If you see errors or omissions, please email: [email protected]


Summary

Baylor provides a vibrant campus community for more than 20,000 students by blending interdisciplinary research with an international reputation for educational excellence and a faculty commitment to teaching and scholarship.


Contact information

Mailing address:
Baylor University
One Bear Place #97043
Waco, TX 76798

Website: baylor.edu

Phone: 800-229-5678

Email: [email protected]


Organization details

EIN: 741159753

CEO/President: Dr. Linda A. Livingstone

Chairman: Bill Mearse

Board size: 34

Founder: William Tryon, R.E.B. Baylor, and James Huckins

Ruling year: 1991

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our goal is intellectual activity that springs from disciplined habits of the heart and inspires action on behalf of the world.


Mission statement

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.


Statement of faith

This statement of faith reflects the consensus of the faculty and administration of George W. Truett Theological Seminary; it is not a creed or instrument of doctrinal accountability but an expression of general doctrinal agreement.

We believe that Jesus Christ is God, Savior and Lord of all creation; he is the perfect revelation of God as well as God incarnate, the only mediator between God and humanity.

We believe in the omnipotent God who eternally exists as Father, Son and Holy Spirit: three divine persons sharing one eternal divine life and being. God is the creator of all whose rule knows no end.

We believe that human persons are created in God's image and likeness but that all persons (except Jesus Christ) come into the world under the curse of sin and need redemption when they attain the age of accountability.

We believe the cross and resurrection of Jesus Christ provide the only redemption from sin and that Christ died for all people; reconciliation and new life connected to God are possible only through his death and resurrection.

We believe that salvation is by God's grace alone through faith and that people cannot save themselves by works of righteousness but that works of righteousness are products of the Holy Spirit who indwells believers by faith.

We believe that authentic Christian life begins with conversion to Christ which involves repentance and faith in him; conversion to Christ results in justification (forgiveness) and regeneration (new birth). These are gifts that cannot be earned or inherited.

We believe that the sixty-six books of Holy Scripture are inspired by God's Spirit and are the sole supreme authority under God for Christian believing and living; Jesus Christ is the norm by which we interpret Scripture. Creeds and confessional statements are not instruments of doctrinal accountability but expressions of common faith under the authority of Christ and Scripture.

We believe that the church was instituted by Jesus Christ to be the people of God and is made up of all true believers regardless of race, gender, age or station in life; the church visible is the local congregation of believers.

We regard evangelism and missions for the salvation of the lost and social transformation to be essential works of the church as well as individual callings.

We believe in the autonomy of the local congregation, separation of church and state and voluntary cooperation between congregations for evangelism and education.

We believe in freedom of conscience from government domination or control and in the liberty and competency of every Christian believer to interpret Scripture and go directly to God in prayer.

We believe in two ordinances instituted by Christ to be observed by his people until he returns: water baptism of believers by immersion and the Lord's Supper.

We believe, on the basis of biblical teaching and together with the vast majority of Christians throughout the ages, that sex is intended by God solely for marriage between one man and one woman.

We believe that Jesus Christ will return to raise all the dead, judge people and nations, consign Satan and his followers to hell and bring into heaven all who believe in him by faith.

Donor confidence score

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating704 of 111277 of 131
Fund acquisition rating464 of 111453 of 131
Resource allocation rating406 of 111433 of 131
Asset utilization rating1034 of 1112128 of 131

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%11%11%11%12%25%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
18%10%10%9%13%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
82%90%90%91%87%93%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%88%89%89%86%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%89%88%91%90%96%
Program output ratio Program output ratio =
Program services /
Total revenue
82%78%78%81%77%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%11%12%9%10%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%6%6%4%6%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%11%10%10%12%10%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.320.310.350.380.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.647.717.276.536.218.60
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.412.482.292.302.353.23
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.912.272.562.722.351.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.440.390.370.430.55
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.382.713.203.292.941.67
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%25%26%25%29%30%
Debt ratio Debt ratio =
Debt /
Total assets
11%5%5%2%9%10%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%233%236%213%187%187%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$266,094,364$311,573,578$309,235,788$227,132,276$192,836,808
Receivables, inventories, prepaids$239,292,455$212,913,127$210,119,256$240,502,382$123,684,777
Short-term investments$14,044,629$15,832,211$16,340,204$10,875,600$9,397,066
Other current assets$0$0$0$0$0
Total current assets$519,431,448$540,318,916$535,695,248$478,510,258$325,918,651
Long-term investments$2,232,895,255$2,288,708,267$1,891,378,418$1,422,355,498$1,365,747,203
Fixed assets$1,250,783,934$1,100,310,329$1,072,204,458$1,072,471,996$1,112,270,780
Other long-term assets$219,947$159,083$87,010$10,668$401,553
Total long-term assets$3,483,899,136$3,389,177,679$2,963,669,886$2,494,838,162$2,478,419,536
Total assets$4,003,330,584$3,929,496,595$3,499,365,134$2,973,348,420$2,804,338,187
 
Liabilities20232022202120202019
Payables and accrued expenses$116,243,590$81,488,761$67,419,283$74,339,390$56,099,376
Other current liabilities$112,435,104$129,238,347$129,410,829$129,039,771$123,441,013
Total current liabilities$228,678,694$210,727,108$196,830,112$203,379,161$179,540,389
Debt$193,683,303$209,222,590$63,220,439$268,015,459$277,411,415
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$581,579,653$597,303,432$608,587,387$395,274,281$383,098,188
Total long-term liabilities$775,262,956$806,526,022$671,807,826$663,289,740$660,509,603
Total liabilities$1,003,941,650$1,017,253,130$868,637,938$866,668,901$840,049,992
 
Net assets20232022202120202019
Without donor restrictions$1,142,505,614$1,083,057,145$942,618,288$815,978,675$799,655,430
With donor restrictions$1,856,883,320$1,829,186,320$1,688,108,908$1,290,700,844$1,164,632,765
Net assets$2,999,388,934$2,912,243,465$2,630,727,196$2,106,679,519$1,964,288,195
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$150,556,686$137,489,560$117,906,363$158,988,128$75,223,699
Program service revenue$1,169,082,158$1,156,294,638$1,134,030,025$996,545,455$911,661,928
Membership dues$17,471,904$15,696,108$13,020,257$8,782,850$17,373,992
Investment income$107,162,532$79,137,746$75,987,148$79,888,953$79,921,562
Other revenue$9,838,302$11,859,706$9,370,857$8,461,453$6,366,250
Total other revenue$1,303,554,896$1,262,988,198$1,232,408,287$1,093,678,711$1,015,323,732
Total revenue$1,454,111,582$1,400,477,758$1,350,314,650$1,252,666,839$1,090,547,431
 
Expenses20232022202120202019
Program services$1,127,812,321$1,098,541,091$1,093,438,487$969,631,536$932,333,634
Management and general$143,203,943$121,664,515$128,084,046$136,663,825$100,414,576
Fundraising$15,999,092$15,036,204$12,986,085$18,535,243$18,820,886
Total expenses$1,287,015,356$1,235,241,810$1,234,508,618$1,124,830,604$1,051,569,096
 
Change in net assets20232022202120202019
Surplus (deficit)$167,096,226$165,235,948$115,806,032$127,836,235$38,978,335
Other changes in net assets$0$0$0$0$0
Total change in net assets$167,096,226$165,235,948$115,806,032$127,836,235$38,978,335

Compensation

NameTitleCompensation
Scott DrewHead Men's Basketball Coach$5,410,061
Dave ArandaFootball Head Coach$4,540,885
Mack Rhoades IVVice President and Director of Athletics$2,876,166
Linda LivingstonePresident$1,905,539
Jeff GrimesFootball Offensive Coordinator$1,518,312
David MoreheadChief Investment Officer$1,257,643
Nicki CollenHead Women's Basketball Coach$1,181,245
Ron RobertsFootball Defensive Coordinator$1,076,016
Dave RosselliVice President for University Development$832,013
Nancy BrickhouseVice President and Provost$671,172
Brett DaltonChief Business Officer$628,397
Chris HolmesGeneral Counsel & Chief Legal Officer and Corporate Secretary$616,560
Jason CookVice President for Marketing & Communications and Chief Marketing Officer$527,435
Gary CariniVice Provost$503,303
Robyn DriskellChief of Staff to the President and Vice President of Internal Administration$392,795
Cheryl GochisVice President for Human Resources and Chief Human Resources Officer$385,901
Susan AnzDeputy CBO & Assistant Secretary$376,601
Kevin JacksonVice President for Student Life$376,250
Lee NordtDean of Arts & Sciences$353,421
Andrea DixonFormer Regent (thru 05/2019)$340,043
Brett PowellAssociate VP of Finance & Treasurer$302,990
Tiffany HogueChief of Staff to the President$281,979
Gary MortensonFormer Acting Vice Provost (thru 04/2019)$260,604
Kristy OrrBoard Professional$259,099
Brian RainesRegent$253,095
Darin DavisFormer Vice President for University Mission (thru 06/2019)$235,412
Sara L DolanRegent$216,013
Dave ClendennenAsst Vice President for Financial Systems & Asst Treasurer$213,936
Gaynor YanceyFormer Regent (thru 05/20)$175,333
Marsha DuckworthSenior Director for Board and Legal Services; Assistant Secretary$120,708
Judy CarpenterDir. of Board & Presidential Operations & Assist. to President's Chief of Staff; Assist. Secretary$107,405
Felicia CruzDirector of Legal International Services; Assistant Secretary$86,334
Michael McFarlandRegent$10,116
Manny RuizRegent$5,150
Mark RountreeRegent$3,098
Ally PerkinsStudent Regent$1,383
Don WilletRegent$1,000
Neal JeffreyRegent$903
Faith BeatyRegent$873
Michael P HeiskellRegent$783
Rene MacielRegent$725
Paula HurdRegent$431
Kim StevensRegent$416
Larry P HeardRegent$411
Sher IsadaStudent Regent$201
B Todd PattersonRegent$125
Dennis Ray WilesRegent$125
Diane D DillardRegent$125
Jill ManningRegent$125
Tyler C CooperRegent$125
William MearseRegent$125
Alicia DH MonroeRegent$116
Jay A BrownRegent$116
Julie Hermansen TurnerRegent$116
Katie Jo LuninghamRegent$116
Kristina GuidiRegent$116
Mark E LovvornRegent$116
Melissa Purdy MinesRegent$116
Sarah GahmRegent$116
Todd A ReppertRegent$116
David SloverRegent$86
Mark V PetersonRegent$86
Randolph L PullinRegent$61

Compensation data as of: 5/31/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/1/2024. To update the information below, please email: [email protected]


History

In 1841, 35 delegates to the Union Baptist Association meeting accepted the suggestion of Reverend William Milton Tryon and District Judge R.E.B. Baylor to establish a Baptist university in Texas.

The Texas Baptist Education Society then petitioned the Congress of the Republic of Texas to charter a Baptist university in the fall of 1844. Republic President Anson Jones signed the Act of Congress on Feb. 1, 1845, officially establishing Baylor University. Reverend James Huckins, the first Baptist missionary to Texas, was Baylor's first full-time fundraiser and the third founding father of the university. Although these three men are credited as being the founders of Baylor University, there are many others who worked to see our university established in Texas.

After the University was chartered on February 1, 1845, four communities made bids to be the location: Travis, Huntsville, Shannon's Prairie and Independence. Independence was selected, and classes for preparatory students began in May 1846 with college courses offered the following June. In 1886, Baylor and Waco University consolidated to form Baylor University at Waco.

From humble beginnings in Independence, Texas, the campus has grown to approximately 1,000 acres in Waco, Texas, annually educating more than 15,000 men and women to pursue their individual life callings.

These are exciting times in the life of the University - a period in which our institution is striving to remain both a relevant institution of higher learning for the coming years and to continue to fulfill our original mission laid down by our founders: to be a Christian University "fully susceptible of enlargement and development to meet the needs of all ages to come." In a world where faith is often the casualty of a serious pursuit of academic achievement, Baylor is a special place.

The ability and willingness of Baylor to adapt and change to achieve continual progress can be traced throughout its history. It has endured and survived hardships, from financial difficulties, to the Great Depression, to world wars. It made a historic and critical decision to move from Independence to Waco, its current home. It divested its medical and dental schools at a time when that proved to be the most prudent decision for the success of each program. It even had the foresight and fortitude to change its very charter to insulate the institution from denominational struggles.

Had Baylor and its leaders throughout history not faced these decisions and challenges with foresight and a commitment to progress, it would not be the leading university that it is today. The University's Pro Futuris vision will continue to help Baylor adapt and grow with the world around it, while ever strengthening its original mission and heritage.

Baylor is classified as a Doctoral University with Higher Research Activity by the Carnegie Commission on Higher Education. Baylor has an international reputation for educational excellence built upon the faculty's commitment to teaching, scholarship and interdisciplinary research that produces outstanding graduates.

Baylor University is a private Christian university and a nationally ranked liberal arts institution. Our rank of alumni include missionaries and pastors, heads of Fortune 500 companies, governors of Texas and professional athletes. Chartered in 1845 by the Republic of Texas through the efforts of Baptist pioneers, Baylor is the oldest continually operating university in the state.


Program accomplishments

Baylor is the oldest continually operating university in Texas. Located in Waco, Baylor welcomes students from all 50 states, the District of Columbia, and more than 90 countries to study a broad range of degrees among its 12 nationally recognized academic divisions.


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