Baylor University

The information on this page was last updated 1/30/2023. If you see errors or omissions, please email: [email protected]


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 #97026
Waco, TX 76798


Phone: 800-229-5678

Email: [email protected]

Organization details

EIN: 741159753

CEO/President: Dr. Linda A. Livingstone

Chairman: Mark Rountree

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:


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.

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Transparency grade


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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating669 of 110482 of 129
Fund acquisition rating596 of 110573 of 129
Resource allocation rating235 of 110524 of 129
Asset utilization rating1024 of 1104126 of 129

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Balance sheet
Receivables, inventories, prepaids$212,913,127$210,119,256$240,502,382$123,684,777$126,896,081
Short-term investments$15,832,211$16,340,204$10,875,600$9,397,066$10,988,860
Other current assets$0$0$0$0$0
Total current assets$540,318,916$535,695,248$478,510,258$325,918,651$296,662,140
Long-term investments$2,288,708,267$1,891,378,418$1,422,355,498$1,365,747,203$1,355,830,353
Fixed assets$1,100,310,329$1,072,204,458$1,072,471,996$1,112,270,780$1,148,900,494
Other long-term assets$159,083$87,010$10,668$401,553$280,385
Total long-term assets$3,389,177,679$2,963,669,886$2,494,838,162$2,478,419,536$2,505,011,232
Total assets$3,929,496,595$3,499,365,134$2,973,348,420$2,804,338,187$2,801,673,372
Payables and accrued expenses$81,488,761$67,419,283$74,339,390$56,099,376$56,202,845
Other current liabilities$129,238,347$129,410,829$129,039,771$123,441,013$137,061,271
Total current liabilities$210,727,108$196,830,112$203,379,161$179,540,389$193,264,116
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$597,303,432$608,587,387$395,274,281$383,098,188$377,777,198
Total long-term liabilities$806,526,022$671,807,826$663,289,740$660,509,603$663,962,077
Total liabilities$1,017,253,130$868,637,938$866,668,901$840,049,992$857,226,193
Net assets20222021202020192018
Without donor restrictions$1,083,057,145$942,618,288$815,978,675$799,655,430$793,459,641
With donor restrictions$1,829,186,320$1,688,108,908$1,290,700,844$1,164,632,765$1,150,987,538
Net assets$2,912,243,465$2,630,727,196$2,106,679,519$1,964,288,195$1,944,447,179
Revenues and expenses
Total contributions$137,489,560$117,906,363$158,988,128$75,223,699$64,539,043
Program service revenue$1,156,294,638$1,134,030,025$996,545,455$911,661,928$864,781,246
Membership dues$15,696,108$13,020,257$8,782,850$17,373,992$5,564,003
Investment income$79,137,746$75,987,148$79,888,953$79,921,562$76,778,035
Other revenue$11,859,706$9,370,857$8,461,453$6,366,250$6,165,896
Total other revenue$1,262,988,198$1,232,408,287$1,093,678,711$1,015,323,732$953,289,180
Total revenue$1,400,477,758$1,350,314,650$1,252,666,839$1,090,547,431$1,017,828,223
Program services$1,098,541,091$1,093,438,487$969,631,536$932,333,634$880,832,143
Management and general$121,664,515$128,084,046$136,663,825$100,414,576$87,983,873
Total expenses$1,235,241,810$1,234,508,618$1,124,830,604$1,051,569,096$986,058,417
Change in net assets20222021202020192018
Surplus (deficit)$165,235,948$115,806,032$127,836,235$38,978,335$31,769,806
Other changes in net assets$0$0$0$0$0
Total change in net assets$165,235,948$115,806,032$127,836,235$38,978,335$31,769,806


Scott DrewHead Men's Basketball Coach$5,132,821
Dave ArandaFootball Head Coach$3,021,003
Mack Rhoades IVVice President and Director of Athletics$2,596,826
Linda LivingstonePresident$1,585,720
David MoreheadChief Investment Officer$1,228,066
Kim MulkeyFormer Head Women's Basketball Coach (thru 04/2021)$1,226,751
Ron RobertsFootball Defensive Coordinator$907,728
Jeff GrimesFootball Offensive Coordinator$860,015
Dave RosselliVice President for University Development$590,145
Brett DaltonChief Business Officer$587,356
Nancy BrickhouseVice President and Provost$529,127
Gary CariniVice Provost$515,460
Chris HolmesGeneral Counsel & Chief Legal Officer and Corporate Secretary$492,260
Jason CookVice President for Marketing & Communications and Chief Marketing Officer$430,766
Cheryl GochisVice President for Human Resources and Chief Human Resources Officer$347,988
Lee NordtDean of Arts & Sciences$346,075
Susan AnzDeputy CBO & Assistant Secretary$329,290
Andrea DixonFormer Regent (thru 05/2019)$318,044
Kevin JacksonVice President for Student Life$315,865
Robyn DriskellChief of Staff to the President and Vice President of Internal Administration$315,773
Gary MortensonFormer Acting Vice Provost (thru 04/2019)$257,227
Brett PowellAssociate VP of Finance & Treasurer$234,955
Brian RainesRegent$233,219
Kristy OrrBoard Professional$219,585
Dave ClendennenAsst Vice President for Financial Systems & Asst Treasurer$212,394
Karen E KempInterim Vice President for Marketing & Communication (thru 11/2016)$212,239
Tiffany HogueChief of Staff to the President$208,245
Darin DavisFormer Vice President for University Mission (thru 06/2019)$202,201
Sara L DolanRegent$171,483
Gaynor YanceyFormer Regent (thru 05/20)$143,832
Marsha DuckworthSenior Director for Board and Legal Services; Assistant Secretary$135,676
Judy CarpenterDir. of Board & Presidential Operations & Assist. to President's Chief of Staff; Assist. Secretary$103,233
Randy UmsteadFormer Regent (thru 05/21)$95,823
Felicia CruzDirector of Legal International Services; Assistant Secretary$82,772
Ally PerkinsStudent Regent$308
Sher IsadaStudent Regent$238
Don WilletRegent$165
David SloverRegent$127
Manny RuizRegent$127
Mark E LovvornRegent$127
Mark RountreeRegent$127
Mark V PetersonRegent$127
William MearseRegent$127
Faith BeatyRegent$116
B Todd PattersonRegent$109
Dennis Ray WilesRegent$109
Larry P HeardRegent$109
Michael McFarlandRegent$109
Neal JeffreyRegent$109
Randolph L PullinRegent$109
Rene MacielRegent$109
Todd A ReppertRegent$109
Alicia DH MonroeRegent$98
Jill ManningRegent$98
Julie Hermansen TurnerRegent$98
Katie Jo LuninghamRegent$98
Kim StevensRegent$98
Kristina GuidiRegent$98
Melissa Purdy MinesRegent$98
Paula HurdRegent$98
Sarah GahmRegent$98
Michael P HeiskellRegent$95
Diane D DillardRegent$84
Jay A BrownRegent$77
Tyler C CooperRegent$77

Compensation data as of: 5/31/2022

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 1/30/2023. To update the information below, please email: [email protected]


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.