Nonprofit · EIN 74-1159753
BAYLOR UNIVERSITY
Tax-exempt · WACO, TX 76798
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,558,351,465 | $1,503,719,409 | $54,632,056 | $4,382,957,446 | $1,141,821,233 | $3,241,136,213 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $117,129,976
- of which government grants
- $14,183,018
- Membership dues
- $13,839,606
- Program service revenue
- $1,296,161,338
- Investment income
- $127,954,253
- Royalties
- $10,357,009
- Net rental income
- $6,918,600
- Net gain from sales of assets
- $1,967,004
- Net income from fundraising events
- -$169,711
- Other revenue
- $17,105,898
Expenses
- Grants and similar amounts paid
- $442,533,209
- Compensation of officers, directors and key employees
- $14,439,033
- Other salaries and wages
- $439,672,276
- Salaries, compensation and benefits (total)
- $591,971,913
- Professional fundraising fees
- $368,347
- Legal fees
- $4,228,408
- Accounting fees
- $427,158
- Occupancy
- $79,632,750
- Travel
- $34,254,836
- Depreciation
- $76,632,703
- Program services (functional)
- $1,231,376,481
- Management and general (functional)
- $254,558,915
- Fundraising (functional)
- $17,784,013
Balance sheet and other
- Total assets, start of year
- $4,195,534,415
- Total assets, end of year
- $4,382,957,446
- Total liabilities, end of year
- $1,141,821,233
- Net assets, end of year
- $3,241,136,213
- Land, buildings and equipment
- $1,493,332,490
- Publicly traded securities
- $18,948,343
- Net assets without donor restrictions
- $1,313,960,038
- Net assets with donor restrictions
- $1,927,176,175
- Gross unrelated business income
- $15,657,324
- Gross receipts
- $1,558,634,773
- Employees
- 11,592
- Volunteers
- 0
- Year formed
- 1845
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT DREW | HEAD MEN'S BASKETBALL COAC Highest-paid employee | 60 | $6,708,797 | $127,555 |
| DAVE ARANDA | FOOTBALL HEAD COACH Highest-paid employee | 90 | $4,299,627 | $260,010 |
| MACK RHOADES | VP & DIRECTOR OF ATHLETICS Officer | 60 | $3,136,773 | $463,584 |
| LINDA LIVINGSTONE | PRESIDENT Officer | 70 | $2,579,024 | $454,299 |
| NICKI COLLEN | HEAD WOMEN'S BASKETBALL CO Highest-paid employee | 80 | $1,388,517 | $119,219 |
| DAVID MOREHEAD | CHIEF INVESTMENT OFFICER Key employee | 60 | $1,249,959 | $63,697 |
| JACOB SPAVITAL | FOOTBALL OFFENSIVE COORDINATOR Highest-paid employee | 100 | $999,279 | $61,165 |
| RENEE HANNA | MANAGING DIR OF INVESTMENTS Highest-paid employee | 40 | $864,068 | $54,087 |
| NANCY BRICKHOUSE | VICE PRESIDENT AND PROVOST Officer | 60 | $698,713 | $101,572 |
| CHRIS HOLMES | GENERAL COUNSEL & CHIEF LE Officer | 50 | $600,679 | $152,609 |
| JASON COOK | VP FOR MKT & COMM & CMO Officer | 55 | $505,488 | $176,610 |
| JASON DIFFENDERFER | VP FOR UNIVERSITY ADVANCEM Officer | 50 | $514,339 | $58,735 |
| CURTIS REYNOLDS | VP OF BUSINESS & FINANCE & Officer | 50 | $519,302 | $45,136 |
| GARY CARINI | VICE PROVOST Key employee | 55 | $413,237 | $92,694 |
| ROBYN DRISKELL | VP & CHIEF COMPLIANCE OFFICER Officer | 50 | $368,649 | $131,842 |
43 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL GOCHIS | VP AND CHIEF HR OFFICER Officer | 60 | $386,026 | $95,522 |
| TOBY BARNETT | ASSOC VP OF ENGAGEMENT Officer | 50 | $308,537 | $156,339 |
| SUSAN ANZ | SR ASSOC VP OF FIN & TREAS Officer | 55 | $329,637 | $128,876 |
| KEVIN JACKSON | VICE PRESIDENT FOR STUDENT Officer | 60 | $354,494 | $63,620 |
| LEE NORDT | DEAN OF ARTS & SCIENCES Key employee | 40 | $323,793 | $54,899 |
| TIFFANY HOGUE | CHIEF OF STAFF TO THE PRES Officer | 48 | $293,724 | $61,372 |
| KRISTY J ORR | BOARD PROFESSIONAL Officer | 40 | $269,857 | $65,459 |
| DAVE CLENDENNEN | ASST VP FOR FIN SYS & ASST Officer | 45 | $182,395 | $43,132 |
| BRETT POWELL | ASSOC VP OF FINANCE (THRU 07/2024) Officer | 60 | $174,879 | $29,782 |
| ANDREW ARTERBURY | REGENT Trustee or director | 40 | $123,213 | $73,938 |
| LESLEY MCALLISTER | REGENT Trustee or director | 40 | $134,964 | $14,800 |
| FELICIA CRUZ | DIR OF LEGAL INTL SERVICES Officer | 40 | $76,113 | $18,004 |
| TAYLOR J PERRY | ASST TO GENERAL COUNSEL & ADMIN DIRECTOR Officer | 40 | $63,768 | $17,003 |
| MEGHAN FLETCHER | REGENT Trustee or director | 12 | $11,590 | $0 |
| STEPHEN WELLS | REGENT Trustee or director | 8 | $5,666 | $0 |
| MICHAEL MCFARLAND | REGENT Trustee or director | 4 | $5,153 | $0 |
| MICHAEL P HEISKELL | REGENT Trustee or director | 2 | $3,060 | $0 |
| XAVIER DAWES | REGENT Trustee or director | 7 | $2,902 | $0 |
| RENE MACIEL | REGENT Trustee or director | 2 | $1,788 | $0 |
| MANNY RUIZ | REGENT Trustee or director | 5 | $1,103 | $0 |
| KATIE JO LUNINGHAM | REGENT Trustee or director | 5 | $1,024 | $0 |
| DON WILLET | REGENT Trustee or director | 10 | $913 | $0 |
| BARBARA CARGILL | REGENT Trustee or director | 15 | $894 | $0 |
| CAREY HENDRICKSON | REGENT Trustee or director | 8 | $843 | $0 |
| SARAH GAHM | REGENT Trustee or director | 1 | $823 | $0 |
| MARTHA DELEHANTY | REGENT Trustee or director | 2 | $488 | $0 |
| ANGELIQUE CUNNINGHAM | REGENT Trustee or director | 8 | $407 | $0 |
| WILLIAM MEARSE | REGENT Trustee or director | 8 | $397 | $0 |
| ASHLEY HOOPER | REGENT Trustee or director | 3 | $296 | $0 |
| TYLER C COOPER | REGENT Trustee or director | 3 | $188 | $0 |
| JILL MANNING | REGENT Trustee or director | 4 | $184 | $0 |
| GAIL STEWART | REGENT Trustee or director | 6 | $168 | $0 |
| B TODD PATTERSON | REGENT Trustee or director | 10 | $164 | $0 |
| TODD A REPPERT | REGENT Trustee or director | 2 | $164 | $0 |
| ALICIA DH MONROE | REGENT Trustee or director | 1 | $153 | $0 |
| DAVID BROOKS | REGENT Trustee or director | 5 | $153 | $0 |
| JACK HARPER | REGENT Trustee or director | 10 | $153 | $0 |
| JAY A BROWN | REGENT Trustee or director | 4 | $153 | $0 |
| JULIE HERMANSEN TURNER | REGENT Trustee or director | 5 | $153 | $0 |
| MELISSA PURDY MINES | REGENT Trustee or director | 1 | $153 | $0 |
| PAULA HURD | REGENT Trustee or director | 5 | $153 | $0 |
| CHARLES WILLIAMS | REGENT Trustee or director | 2 | $76 | $0 |
| KYLE DEAVER | REGENT Trustee or director | 7 | $69 | $0 |
Address and contacts
- Address (IRS master file)
- 1 BEAR PL UNIT 97043, WACO, TX 76798-7043
- In care of
- % DARREN BELL
- Mailing address (990-N for 2024)
- One Bear Place, Waco TX 76798
- Principal officer (990 for 2024)
- LINDA LIVINGSTONE, ONE BEAR PLACE 97096, WACO, TX 767987096
- Principal officer (990-N for 2024)
- Zahabia Ali Asger Kanchwala, 26614 Blanchard Dr, Katy TX 77494
- Signed the 990
- Susan Anz, Sr Associate VP of Finance & Treasu
- Phone
- (254) 710-3731
- Website
- http://www.medsatbaylor.org/
- Return prepared by
- GRANT THORNTON LLP
Mission
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.
Program accomplishments
- INSTRUCTION:BAYLOR UNIVERSITY STANDS AS ONE OF THE PREMIER INSTITUTIONS OF HIGHER EDUCATION IN THE WORLD.CHARTERED IN 1845 BY THE REPUBLIC OF TEXAS AND AFFILIATED WITH THE BAPTIST GENERAL CONVENTION OFTEXAS, THE UNIVERSITY IS THE OLDEST CONTINUOUSLY OPERATING INSTITUTION OF HIGHER LEARNING IN THE STATE OF TEXAS. AS PART OF FULFILLING BAYLOR'S MISSION OF INSTRUCTING AND EDUCATING MEN AND WOMEN FOR WORLDWIDE LEADERSHIP AND SERVICE, BAYLOR PURSUES INITIATIVES SUCH AS LOWER STUDENT-FACULTY RATIO (15:1), SMALLER CLASS SIZE (AVERAGE CLASS SIZE IS 27), RESEARCH OPPORTUNITIES FOR STUDENTS, AND GREAT FACILITIES FOR LEARNING AND LIVING. (CONTINUED ON SCHEDULE O)BAYLOR'S APPROXIMATELY 20,000 STUDENTS TYPICALLY COME FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA, AND 90 COUNTRIES AROUND THE WORLD. THE UNIVERSITY OFFERS 133 BACCALAUREATE, 82 MASTER'S, 50 DOCTORAL, NUMEROUS ONLINE GRADUATE PROFESSIONAL PROGRAMS, THE EDUCATION SPECIALIST AND THE JURIS DOCTOR DEGREE PROGRAMS THROUGH 12 ACADEMIC UNITS. THE UNIVERSITY ALSO EQUIPS STUDENTS WITH BOTH KNOWLEDGE AND EXPERIENCE TO PURSUE GOD'S CALL TO MINISTRY BY OFFERING 7 MASTER DEGREES AND 2 DOCTORATE DEGREES THROUGH TRUETT SEMINARY. ADDITIONALLY, THE UNIVERSITY CONDUCTS GRADUATE PROGRAMS WITH THE U.S. ARMY AT SEVERAL U.S. ARMY LOCATIONS ACROSS THE UNITED STATES. 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. MORE THAN 90% OF BAYLOR UNDERGRADUATE STUDENTS RECEIVE FINANCIAL ASSISTANCE. NAMED EVERY YEAR SINCE 2011 BY THE CHRONICLE OF HIGHER EDUCATION AS A "GREAT COLLEGE TO WORK FOR", BAYLOR CONSISTENTLY RANKS IN THE TOP 100 NATIONAL DOCTORAL GRANTING UNIVERSITIES BY U.S. NEWS & WORLD REPORT, AS A "BEST BUY" BY THE FISKE GUIDE TO COLLEGES, AND A "BEST VALUE" BY KIPLINGER'S PERSONAL FINANCE.Expenses $676,669,881 · grants $408,509,204 · revenue $1,069,609,996
- STUDENT SERVICES: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, JOB PLACEMENT UPON GRADUATION, ENROLLMENT MANAGEMENT, STUDENT FINANCIAL AID, STUDENT ACTIVITIES, STUDENT ORGANIZATIONS, INTRAMURALS, HEALTH CENTER, BEAUCHAMP ADDICTION RECOVERY CENTER, AND INTERCOLLEGIATE ATHLETICS.Expenses $247,676,131 · grants $25,104,942 · revenue $125,609,695
- ACADEMIC SUPPORT:BAYLOR UNIVERSITY PROVIDES ACADEMIC SUPPORT SERVICES FOR THE PRIMARY MISSIONS OF INSTRUCTION, AS WELL AS RESEARCH AND PUBLIC SERVICE ACTIVITIES. ACADEMIC SUPPORT SERVICES INCLUDE AREAS SUCH AS LIBRARIES, TECHNOLOGY SUPPORT, MUSEUMS AND SERVICES THAT DIRECTLY ASSIST INSTRUCTIONAL ACTIVITIES.Expenses $90,271,925 · revenue $37,216,525
- RESEARCH, PUBLIC SERVICE AND AUXILIARIES:OTHER PROGRAM SERVICE AREAS INCLUDE RESEARCH ACTIVITIES, PUBLIC SERVICE ACTIVITIES AND AUXILIARY ENTERPRISES OPERATED BY THE UNIVERSITY. RESEARCH ACTIVITY INCLUDES GRANTS AND CONTRACTS TO CONDUCT SPONSORED RESEARCH, PRIMARILY IN FIVE KEY INITIATIVES: HEALTH; DATA SCIENCES; MATERIALS SCIENCE; HUMAN FLOURISHING, LEADERSHIP, AND ETHICS; AND LATIN AMERICA. PUBLIC SERVICE INCLUDES ACTIVITIES WHICH PRIMARILY BENEFIT INDIVIDUALS AND ORGANIZATIONS EXTERNAL TO THE UNIVERSITY. AUXILIARY ENTERPRISES ARE COMPRISED GENERALLY OF THE FOLLOWING ITEMS: RESIDENCE HALLS, DINING SERVICES, BOOKSTORE, RENTAL PROPERTIES AND VENDING SERVICES.Expenses $216,758,544 · grants $8,921,063 · revenue $63,725,122
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-N on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1159753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- May
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B430)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Zahabia Ali Asger Kanchwala | May 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | May 2025 | – | – | – | IRS |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | – | – | – | IRS |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $1,454,111,582 | $1,287,015,356 | $4,003,330,584 | IRS |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $1,400,477,758 | $1,235,241,810 | $3,929,496,595 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about BAYLOR UNIVERSITY
- What is the EIN of BAYLOR UNIVERSITY?
- The employer identification number (EIN) of BAYLOR UNIVERSITY is 74-1159753.
- Is BAYLOR UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to BAYLOR UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAYLOR UNIVERSITY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BAYLOR UNIVERSITY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAYLOR UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended May 31, 2025.
- Who is the principal officer of BAYLOR UNIVERSITY?
- The 990 for the year ended May 31, 2025 names LINDA LIVINGSTONE.
- Who are the officers and directors of BAYLOR UNIVERSITY?
- The 990 for the year ended May 31, 2025 lists 58 people; 58 received compensation from the organization, the highest $6,708,797 (SCOTT DREW, HEAD MEN'S BASKETBALL COAC).
- How much revenue does BAYLOR UNIVERSITY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,558,351,465, expenses of $1,503,719,409 and total assets of $4,382,957,446 at year end.
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