Baylor University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/23/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Baylor provides a vibrant campus community for more than 16,000 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

Website: baylor.edu

Phone: 800-229-5678

Email: admissions@baylor.edu


Organization details

EIN: 741159753

CEO/President: Dr. Linda Livingstone

Chairman: Jerry K. Clements

Board size: 40

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

Year founded: 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.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating574 of 94080 of 112
Fund acquisition rating373 of 94244 of 112
Resource allocation rating413 of 94250 of 112
Asset utilization rating784 of 940102 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%12%25%27%22%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%13%7%6%7%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%87%93%94%93%91%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%86%89%89%88%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%90%96%97%97%94%
Program output ratio Program output ratio =
Program services /
Total revenue
81%77%85%87%85%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%10%4%3%3%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%6%2%2%2%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%10%9%10%10%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.380.370.350.350.34
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.746.218.609.449.848.81
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.642.353.233.323.462.97
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.072.351.821.541.361.25
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.430.550.650.740.80
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.862.941.671.260.920.81
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%29%30%31%32%35%
Debt ratio Debt ratio =
Debt /
Total assets
16%9%10%10%15%16%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%187%187%197%193%194%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$227,132,276$192,836,808$158,777,199$126,741,946$138,892,759
Receivables, inventories, prepaids$240,502,382$123,684,777$126,896,081$139,842,342$156,921,365
Short-term investments$10,875,600$9,397,066$10,988,860$10,493,892$8,335,364
Other current assets$0$0$0$0$0
Total current assets$478,510,258$325,918,651$296,662,140$277,078,180$304,149,488
Long-term investments$1,422,355,498$1,365,747,203$1,355,830,353$1,273,464,404$1,195,599,097
Fixed assets$1,072,471,996$1,112,270,780$1,148,900,494$1,175,328,698$1,180,682,518
Other long-term assets$10,668$401,553$280,385$320,107$448,351
Total long-term assets$2,494,838,162$2,478,419,536$2,505,011,232$2,449,113,209$2,376,729,966
Total assets$2,973,348,420$2,804,338,187$2,801,673,372$2,726,191,389$2,680,879,454
 
Liabilities20202019201820172016
Payables and accrued expenses$74,339,390$56,099,376$56,202,845$59,004,159$86,825,880
Other current liabilities$129,039,771$123,441,013$137,061,271$144,776,570$156,042,005
Total current liabilities$203,379,161$179,540,389$193,264,116$203,780,729$242,867,885
Debt$268,015,459$277,411,415$286,184,879$405,694,777$415,933,265
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$395,274,281$383,098,188$377,777,198$268,500,595$270,160,629
Total long-term liabilities$663,289,740$660,509,603$663,962,077$674,195,372$686,093,894
Total liabilities$866,668,901$840,049,992$857,226,193$877,976,101$928,961,779
 
Net assets20202019201820172016
Without donor restrictions$815,978,675$799,655,430$793,459,641$764,587,450$723,960,492
With donor restrictions$1,290,700,844$1,164,632,765$1,150,987,538$1,083,627,838$1,027,957,183
Net assets$2,106,679,519$1,964,288,195$1,944,447,179$1,848,215,288$1,751,917,675
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$158,988,128$75,223,699$64,539,043$71,184,287$87,354,016
Program service revenue$996,545,455$911,661,928$864,781,246$838,909,120$793,439,654
Membership dues$8,782,850$17,373,992$5,564,003$5,520,454$5,379,395
Investment income$79,888,953$79,921,562$76,778,035$71,735,615$66,038,674
Other revenue$8,461,453$6,366,250$6,165,896$5,503,190$7,410,837
Total other revenue$1,093,678,711$1,015,323,732$953,289,180$921,668,379$872,268,560
Total revenue$1,252,666,839$1,090,547,431$1,017,828,223$992,852,666$959,622,576
 
Expenses20202019201820172016
Program services$969,631,536$932,333,634$880,832,143$844,105,571$795,290,532
Management and general$136,663,825$100,414,576$87,983,873$98,694,740$90,706,407
Fundraising$18,535,243$18,820,886$17,242,401$15,547,560$17,733,440
Total expenses$1,124,830,604$1,051,569,096$986,058,417$958,347,871$903,730,379
 
Change in net assets20202019201820172016
Surplus (deficit)$127,836,235$38,978,335$31,769,806$34,504,795$55,892,197
Other changes in net assets$0$0$0$0$0
Total change in net assets$127,836,235$38,978,335$31,769,806$34,504,795$55,892,197

Compensation

NameTitleCompensation
Matthew RhuleFormer Head Football Coach (thru 01/2020)$4,142,807
Scott DrewHead Men's Basketball Coach$3,511,477
Kim MulkeyHead Women's Basketball Coach$3,041,491
Mack Rhoades IVVice President and Director of Athletics$2,186,736
Linda LivingstonePresident$1,506,723
Phillip SnowDefensive Coordinator Football$1,124,595
Roy Brian WebbVice President & Chief Investment Officer$798,034
Jeffrey NixonFormer Co-Offensive Coordinator Football$727,858
David MoreheadCo-Vice President & Chief Investment Officer$583,910
Brett DaltonChief Business Officer$583,684
Dave RosselliVice President for University Development$532,531
Chris HolmesGeneral Counsel & Chief Legal Officer and Corporate Secretary$502,761
Gary CariniVice Provost$473,738
Jason CookVice President for Marketing & Communications and Chief Marketing Officer$404,801
Nancy BrickhouseVice President and Provost$366,802
Lee NordtDean of Arts & Sciences$336,064
Cheryl GochisVice President for Human Resources and Chief Human Resources Officer$319,568
Gary MortensonActing Vice Provost (thru 04/2019)$309,576
Susan AnzVice President of Finance and Assistant Secretary$309,402
Andrea DixonFormer Regent (thru 05/2019)$304,494
Kevin JacksonVice President for Student Life$303,782
Robyn DriskellChief of Staff to the President and Vice President of Internal Administration$300,852
Todd StillInterim Executive Vice President and Provost - Former Officer (thru 05/2016)$299,806
Darin DavisFormer Vice President for University Mission (thru 06/2019)$251,573
Kristy OrrBoard Professional$224,844
Dave ClendennenAsst Vice President for Financial Systems & Asst Treasurer$204,565
Karen E KempInterim Vice President for Marketing & Communication (thru 11/2016)$179,916
Gaynor YanceyRegent$175,049
Marsha DuckworthSenior Director for Board and Legal Services; Assistant Secretary$132,582
Randy UmsteadRegent$101,361
Judy CarpenterDir. of Board & Presidential Operations & Assist. to President's Chief of Staff; Assist. Secretary$99,743
Felicia CruzDirector of Legal International Services; Assistant Secretary$80,183
Cassady ParshallRegent$22,071
WD Dan Hord IIIRegent$16,126
Todd A ReppertRegent$13,126
William Bill S SimonRegent$6,126
Dennis Ray WilesRegent$4,726
Michael McFarlandRegent$4,626
Malcolm FoleyRegent$3,838
Joel T AllisonRegent$745
Rene MacielRegent$626
Milton HixsonRegent$411
Jerry K ClementsRegent$155
James Cary GrayRegent$138
Mark E LovvornRegent$138
Mark RountreeRegent$138
Miles Jay AllisonRegent$138
Neal JeffreyRegent$138
Alicia DH MonroeRegent$126
C Clifton RobinsonRegent$126
Drayton McLane JrRegent$126
Dusty SandersonRegent$126
Gordon WilkersonRegent$126
Jennifer Walker ElrodRegent$126
Jill ManningRegent$126
Julie Hermansen TurnerRegent$126
Katie Jo LuninghamRegent$126
Kenneth Q CarlileRegent$126
Kim StevensRegent$126
Larry P HeardRegent$126
Mark A McCollumRegent$126
Mark HurdRegent$126
Melissa Purdy MinesRegent$126
Shelley GiglioRegent$126
Randolph L PullinRegent$125
David SloverRegent$83
Manny RuizRegent$83
Mark PetersonRegent$83
William MearseRegent$83
Sarah GahmRegent$71

Compensation data as of: 5/31/2020


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 6/23/2021. To update the information below, please email: info@ministrywatch.com


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 89 countries to study a broad range of degrees among its 12 nationally recognized academic divisions.


Needs