2025-12-01T11:07:17-06:00 2025-06-30 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-07-01 752464091 BAYLOR ORAL HEALTH FOUNDATION BAYL 2148217500 3600 GASTON AVE 508 DALLAS TX 75246 MATTHEW J ZUMBACH PRESIDENT AND TREASURER 2148217500 2025-11-24 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-24 2024 2025-03-06 01:10:19Z MATTHEW J ZUMBACH 3600 GASTON AVE 508 DALLAS TX 75246 9785913 0 X BOHF.ORG X 1993 TX THE BAYLOR ORAL HEALTH FOUNDATION WAS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY (THE COLLEGE) TO PROVIDE FINANCIAL SUPPORT TO THE COLLEGE, AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES OF THE COLLEGE THROUGH DISTRIBUTIONS TO THE COLLEGE. 15 14 5 16 93122 0 182425 169265 66679 68291 2595204 2824595 30000 0 2874308 3062151 2887096 3814531 0 0 520495 636029 0 0 0 222700 282079 3630291 4732639 -755983 -1670488 87100061 94717342 1248150 2282483 85851911 92434859 X THE BAYLOR ORAL HEALTH FOUNDATION WAS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND PROGRAM OF THE TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY (THE COLLEGE) TO PROVIDE FINANCIAL SUPPORT FOR EXCELLENCE AT THE COLLEGE, AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES OF THE COLLEGE THROUGH DISTRIBUTIONS TO THE COLLEGE. 0 0 3814531 3814531 68291 PROVIDE FINANCIAL SUPPORT FOR ACTIVITIES & PROGRAMS OF TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY (THE COLLEGE) AND TO ADVANCE THE ORAL HEALTH, EDUCATIONAL AND RESEARCH OBJECTIVES THROUGH DISTRIBUTIONS TO THE COLLEGE. 3814531 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MATTHEW J ZUMBACH 2148217500 3600 GASTON AVE 508 DALLAS TX 75246 MR ROBERT J BIGHAM JR DIRECTOR, FORMER PRES. & TREASURER 28.00 X X 211660 0 16228 MR C THOMAS ABBOTT DIRECTOR 1.00 X 0 0 0 MR NEAL W ADAMS CHAIRMAN 2.00 X X 0 0 0 DR PATRICIA BLANTON DIRECTOR 1.00 X 0 0 0 MR CLEVE BREEDLOVE FORMER DIRECTOR 1.00 X 0 0 0 DR PHILLIP CAMPBELL DIRECTOR 1.00 X 0 0 0 DR JOHN S FINDLEY DIRECTOR 1.00 X 0 0 0 DR LEE FITZGERALD DIRECTOR 1.00 X 0 0 0 MS MICHELLE HICKOX DIRECTOR 2.00 X 0 0 0 MR PATRICK HOWARD SECRETARY 2.00 X X 0 0 0 DR DEAN HUDSON DIRECTOR 1.00 X 0 0 0 MR ROYCE W MEDLIN DIRECTOR 1.00 X 0 0 0 MR MATTTHEW D PEIFFER VICE CHAIRMAN 2.00 X X 0 0 0 MR JESS C RICK RICKMAN DIRECTOR 1.00 X 0 0 0 DR W SCOTT WAUGH DIRECTOR 1.00 X 0 0 0 MR MICHAEL A WOMBLE DIRECTOR 1.00 X 0 0 0 MR STEPHEN R PATTERSON CONTROLLER 30.00 X 97197 0 13807 MR MATTHEW ZUMBACH PRESIDENT & TREASURER 40.00 X 100549 0 12753 409406 0 42788 2 0 1 0 0 169265 169265 MANAGEMENT FEES 561000 68291 68291 68291 2436371 93122 2343249 7111986 6723762 388224 388224 388224 3062151 68291 93122 2731473 3805731 3805731 8800 8800 444790 444790 138176 138176 7561 7561 3368 3368 42134 42134 41000 41000 57240 57240 1908 1908 20110 20110 12344 12344 77758 77758 1115 1115 68 68 7590 7590 16872 16872 CEO RETIREMENT CELEBRAT 25565 25565 STAFF RECRUITMENT 13509 13509 UNCOLLECTIBLE PLEDGE 7000 7000 4732639 3814531 918107 0 102825 577537 3728982 1603176 19991 11791 26584 23093 80072 13929 563 66143 42243275 41645134 40577047 49490333 400794 1300135 87100061 94717342 113818 78095 732432 857432 401900 1346956 1248150 2282483 X 77291419 84492401 8560492 7942458 85851911 92434859 87100061 94717342 -1670488 8253436 0 X X 0 1 X 1 0 X 786406 225512 1691416 182425 169265 3055024 786406 225512 1691416 182425 169265 3055024 252135 2802889 2034598 1232556 1921676 2407556 2436369 10032755 13087779 0.21420 0.24640 X THE BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) WAS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE TEXAS A&M COLLEGE OF DENTISTRY (THE "COLLEGE"), FORMERLY KNOWN AS BAYLOR COLLEGE OF DENTISTRY; TO PROVIDE FINANCIAL SUPPORT TO THE SCHOOL; TO ADVANCE THE ORAL HEALTH, EDUCATION, AND RESEARCH OBJECTIVES OF THE COLLEGE THROUGH DISTRIBUTIONS TO THE COLLEGE; AND TO SUPPORT AND SUSTAIN EDUCATIONAL EXCELLENCE AND INSTITUTIONAL PREEMINENCE. THE FOUNDATION IS SUPPORTED BY CONTRIBUTIONS FROM THE PUBLIC AND FROM INCOME EARNED FROM ITS INVESTMENT ACTIVITIES. CONTRIBUTIONS IN FY 2025 WERE $169,266, A MARGINAL DECLINE FROM LAST YEAR'S $182,424. THE OVERALL PUBLIC SUPPORT TEST DROPPED TO 21.42% FROM 24.64% IN FY 2024. OVER THE PAST 32 YEARS, THE FOUNDATION HAS SERVED AS A STEWARD OF THE $50,000,000 OF NET ASSETS ENTRUSTED TO IT AT ITS FORMATION. SINCE 1993, THE FOUNDATION HAS MADE GRANTS TO THE COLLEGE OF MORE THAN $87,300,000, DERIVED FROM CONTRIBUTIONS AND EARNINGS FROM INVESTMENTS, WHILE MAINTAINING AN AVERAGE OF UNRESTRICTED NET ASSETS OF APPROXIMATELY $75,000,000 FOR THE TRAILING FIVE YEARS. INDIVIDUAL DONORS DECREASED 59% FROM 108 IN FY 2024 TO 44 IN FY 2025. THE MAJORITY OF THE FOUNDATION'S DONORS HAVE PRACTICED IN OR HAVE CONNECTIONS TO THE ORAL HEALTH CARE INDUSTRY. FINANCIAL UNCERTAINTY, INFLATION, AND THE LINGERING FINANCIAL IMPACT OF COVID MANDATED PRACTICE CLOSURES CONTINUE TO INFLUENCE DONORS' GIVING. ADDITIONALLY, THE POOL OF POTENTIAL DONORS ASSOCIATED WITH THE FORMER BAYLOR COLLEGE OF DENTISTRY HAS DIMINISHED SUBSTANTIALLY DUE TO THE PASSAGE OF TIME FROM WHEN THE COLLEGE BECAME THE TEXAS A&M COLLEGE OF DENTISTRY 32 YEARS AGO. THE DENTAL COLLEGE GRADUATES AND AFFILIATES SINCE THE ACQUISITION ARE MORE ALIGNED WITH THE TEXAS A&M UNIVERSITY SYSTEM AND ITS BRAND.THE FOUNDATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS. THE FOUNDATION ENCOURAGES THE COLLEGE'S LEADERSHIP TO SOLICIT AND ACCEPT CONTRIBUTIONS FROM THE PUBLIC, ALUMNI AND OTHER INTERESTED PARTIES ON BEHALF OF THE FOUNDATION. THE FOUNDATION ALSO SOLICITS DONATIONS THROUGH DONORBOX, AND COMMUNITY-BASED ANNUAL EVENTS, INCLUDING THE NORTH TEXAS GIVING DAY. THE FOUNDATION'S BOARD PARTICIPATES BY ENCOURAGING AND SOLICITING DONATIONS FROM ITS MEMBERS. THE FOUNDATION'S BOARD REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. ITS MEMBERS INCLUDE ACTIVE OR RETIRED INVESTMENT ADVISORS, BANKERS, LAWYERS AND COLLEGE FACULTY. IT IS INDEPENDENT OF THE MANAGEMENT OF THE FOUNDATION, THE COLLEGE AND TEXAS A&M UNIVERSITY. THE FOUNDATION HAS A DEFINITIVE PROGRAM FOR ACCOMPLISHING ITS MISSION OF SUPPORTING THE ORAL HEALTH, EDUCATION AND RESEARCH OBJECTIVES OF THE COLLEGE. EACH YEAR THE FOUNDATION PROVIDES GRANTS FROM UNRESTRICTED NET ASSETS TO THE COLLEGE ALONG WITH DISTRIBUTIONS TO THE COLLEGE FROM NET ASSETS WITH DONOR RESTRICTIONS. FOR FY 2024 AND FY2025, BOARD APPROVED GRANTS TOTALING $2,507,500, EACH. DIRECT DISTRIBUTIONS TO THE COLLEGE TOTALED $378,896 AND $1,305,731, RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5720456 123062 532435 127074 6248879 5384501 43507 470592 178144 5720456 5199601 6406 371996 193502 5384501 5849262 138279 -540515 247425 5199601 4868149 202330 915022 136239 5849262 0.02030 0.97970 0.00000 0 0 80072 13929 66143 66143 ALTERNATIVE INVESTMENTS 9527287 F FIXED INCOME FUNDS 9090162 F FOREIGN EQUITY FUNDS 30872884 F 49490333 POSTRETIREMENT MED/LIFE INSURANCE 170625 OPERATING LEASE LIABILITIES 1176331 1346956 X 11315587 8253436 8253436 3062151 0 3062151 4732639 0 4732639 0 4732639 PART V, LINE 4: THE ENDOWMENT FUNDS ARE DESIGNATED TO SUPPORT CERTAIN PROGRAMS OR DEPARTMENTS OF TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY. PART X, LINE 2: BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE RELATED TO THE FOUNDATION; HOWEVER, SHOULD THE FOUNDATION ENGAGE IN ACTIVITIES UNRELATED TO THE PURPOSE FOR WHICH IT WAS CREATED, TAXABLE INCOME COULD RESULT. CAPITAL GAINS RECEIVED THROUGH PARTNERSHIP INTERESTS ARE TAXABLE. THE FOUNDATION INCURRED FEDERAL INCOME TAX OF $0 AND $2,095 FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, RESPECTIVELY. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) PROVIDES GUIDANCE REGARDING HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED WHEN CHALLENGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. 1 COLLEGE OF DENTISTRY OF TEXAS A&M UNIVERSITY PO BOX 660677 DALLAS TX 752660677 742907553 501(C)(3) 3805731 0 SUPPORT THE EDUCATION OF DENTISTRY STUDENTS AT COLLEGE OF DENTISTRY 1 0 BAYLOR ORAL HEALTH FOUNDATION CENTENNIAL AWARD 2 7500 TUITION REIMBURSEMENT 1 1300 PART I, LINE 2: AT EACH BOARD MEETING, THE TEXAS A&M UNIVERSITY COLLEGE OF DENTISTRY REPRESENTATIVE PROVIDES AN UPDATE OF PROGRAMS AND USE OF GRANTS TO THE BOARD. BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) RECOGNIZES GRADUATING DENTISTS AND DENTAL HYGIENISTS WHO HAVE DEMONSTRATED EXEMPLARY PROFESSIONALISM, LEADERSHIP, CLINICAL DENTISTRY, PATIENT MANAGEMENT, PROFESSIONAL SERVICE, AND ACADEMIC STANDING. CANDIDATES FOR THE CENTENNIAL AWARD ARE NOMINATED ANNUALLY BY THE FACULTY AND APPROVED BY THE DEAN, WHO SUBMITS THEIR NAMES TO THE FOUNDATION FOR PRESENTATION OF THE AWARDS. THE FOUNDATION WAS ESTABLISHED IN 1993 WITH THE SALE OF THE COLLEGE OF DENTISTRY TO TEXAS A&M. BAYLOR ORAL HEALTH FOUNDATION ASSUMED THE PREDECESSOR SCHOOL'S BENEFIT OF REIMBURSING COLLEGE TUITION OF ELIGIBLE EMPLOYEES' CHILDREN. THE TUITION REIMBURSEMENT REQUEST WAS ACCOMPANIED BY APPROPRIATE SUPPORTING DOCUMENTATION. ONE FINAL TUITION REIMBURSEMENT QUALIFIER REMAINS IN THE PROGRAM. X 1 1 X X 0 0 0 0 0 0 0 0 0 MR ROBERT J BIGHAM JR DIRECTOR, FORMER PRES. & TREASURER 207660 0 0 0 4000 0 9146 0 7082 0 227888 0 0 0 PART I, LINE 1A THE FORMER PRESIDENT WAS PROVIDED WITH A MEMBERSHIP TO A SOCIAL CLUB FOR THE PURPOSE OF CONDUCTING BUSINESS MEETINGS WITH MEMBERS OF THE BOARD OF DIRECTORS AND PROSPECTIVE BOARD MEMBERS. THE CHAIRMAN OF THE BOARD REVIEWED THE PRESIDENTS T&E EXPENSES ON A QUARTERLY BASIS. THE SOCIAL CLUB DUES AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. FORM 990, PART VI, SECTION A, LINE 1A BAYLOR ORAL HEALTH FOUNDATION'S (THE FOUNDATION) EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF THE FOUNDATION BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B BAYLOR ORAL HEALTH FOUNDATION'S PRESIDENT/TREASURER, CONTROLLER, BOARD OF DIRECTORS, AND AUDIT COMMITTEE REVIEW FORM 990 IN DETAIL BEFORE FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION) CONFLICT OF INTEREST POLICY AND AFFIRMATION STATEMENTS ARE DISTRIBUTED ANNUALLY TO ALL FIFTEEN BOARD MEMBERS AND THE FOUNDATION PRESIDENT/TREASURER. BOARD MEMBERS ARE REQUIRED TO RETURN THE SIGNED AFFIRMATIONS TO THE FOUNDATION WITHIN TWO WEEKS PRIOR TO THE FIRST QUARTER BOARD MEETING, GENERALLY HELD IN NOVEMBER. THE AFFIRMATIONS ARE FORWARDED TO THE CHAIRMAN OF THE AUDIT COMMITTEE. IF A CONFLICT IS IDENTIFIED, THE COMMITTEE CHAIRMAN DISCUSSES THE ISSUE WITH THE PRESIDENT/TREASURER. THE COMMITTEE CHAIR REPORTS HIS FINDINGS TO THE BOARD OF DIRECTORS. SINCE THE FOUNDATION'S INCEPTION IN 1993, THERE HAVE BEEN NO CONFLICT OF INTEREST ISSUES. ANY QUESTIONS OF POSSIBLE CONFLICT OF INTEREST ARE ADDRESSED WITH THE PRESIDENT/TREASURER AND THE AUDIT COMMITTEE CHAIR. ANY RESTRICTIONS IMPOSED WOULD DEPEND ON THE NATURE OF THE CONFLICT. THE PRESIDENT OF THE FOUNDATION MONITORS POTENTIAL CONFLICT OF INTEREST ISSUES ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT HISTORICALLY REQUESTS THE MOST RECENT EXECUTIVE COMPENSATION SURVEYS OF ORGANIZATIONS THAT ARE OF SIMILAR SIZE AND OPERATION TO BAYLOR ORAL HEALTH FOUNDATION (THE FOUNDATION). THE BOARD OF DIRECTORS REVIEWS THESE SURVEYS AS WELL AS COMPENSATION INFORMATION GATHERED FROM OTHER SOURCES. DURING THE BOARD MEETING, BOARD MEMBERS DISCUSS AND COMPARE THE PRESIDENT'S COMPENSATION LEVELS AT THE FOUNDATION TO THE COMPENSATION INFORMATION OBTAINED AND WITH REGARDS TO THE FOUNDATION'S BUDGET AND CURRENT FINANCIAL STATEMENTS. BOARD MEMBERS DISCUSS AND VOTE ON ANY COMPENSATION PROPOSALS AND CHANGES. THE PRESIDENT AND STAFF ARE EXCUSED FROM THE MEETING DURING COMPENSATION DISCUSSIONS. AFTER COMPENSATION DECISIONS ARE APPROVED, THE CHAIRMAN SIGNS A DOCUMENT WHICH DETAILS THIS INFORMATION AND PROVIDES IT TO THE PRESIDENT FOR THE FOUNDATION'S RECORDS. THE DECISIONS ON COMPENSATION CHANGES ARE RECORDED IN BOARD MINUTES. THE LAST TIME THE PROCESS OCCURRED WAS IN JULY 2024, WHEN THE BOARD HIRED A NEW PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 BAYLOR ORAL HEALTH FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XII, LINE 2C: BAYLOR ORAL HEALTH FOUNDATION'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEARS.