Baylor University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/26/2020. To update the information in this column, please email:


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


Phone: 800-229-5678


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:


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


To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating544 of 81780 of 100
Fund acquisition rating499 of 81767 of 100
Resource allocation rating243 of 81723 of 100
Asset utilization rating713 of 81797 of 100

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Balance sheet
Receivables, inventories, prepaids$123,684,777$126,896,081$139,842,342$156,921,365$188,729,942
Short-term investments$9,397,066$10,988,860$10,493,892$8,335,364$8,069,003
Other current assets$0$0$0$0$0
Total current assets$325,918,651$296,662,140$277,078,180$304,149,488$365,044,348
Long-term investments$1,365,747,203$1,355,830,353$1,273,464,404$1,195,599,097$1,214,351,494
Fixed assets$1,112,270,780$1,148,900,494$1,175,328,698$1,180,682,518$1,133,820,940
Other long-term assets$401,553$280,385$320,107$448,351$355,952
Total long-term assets$2,478,419,536$2,505,011,232$2,449,113,209$2,376,729,966$2,348,528,386
Total assets$2,804,338,187$2,801,673,372$2,726,191,389$2,680,879,454$2,713,572,734
Payables and accrued expenses$56,099,376$56,202,845$59,004,159$86,825,880$80,059,338
Other current liabilities$123,441,013$137,061,271$144,776,570$156,042,005$158,709,647
Total current liabilities$179,540,389$193,264,116$203,780,729$242,867,885$238,768,985
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$383,098,188$377,777,198$268,500,595$270,160,629$278,994,680
Total long-term liabilities$660,509,603$663,962,077$674,195,372$686,093,894$702,247,392
Total liabilities$840,049,992$857,226,193$877,976,101$928,961,779$941,016,377
Net assets20192018201720162015
Temporarily restricted$338,626,992$344,781,909$303,446,353$280,598,876$393,238,457
Permanently restricted$826,005,773$806,205,629$780,181,485$747,358,307$722,566,419
Net assets$1,964,288,195$1,944,447,179$1,848,215,288$1,751,917,675$1,772,556,357
Revenues and expenses
Total contributions$75,223,699$64,539,043$71,184,287$87,354,016$99,467,976
Program service revenue$911,661,928$864,781,246$838,909,120$793,439,654$736,394,323
Membership dues$17,373,992$5,564,003$5,520,454$5,379,395$6,860,116
Investment income$79,921,562$76,778,035$71,735,615$66,038,674$66,570,207
Other revenue$6,366,250$6,165,896$5,503,190$7,410,837$7,289,073
Total other revenue$1,015,323,732$953,289,180$921,668,379$872,268,560$817,113,719
Total revenue$1,090,547,431$1,017,828,223$992,852,666$959,622,576$916,581,695
Program services$932,333,634$880,832,143$844,105,571$795,290,532$726,341,480
Management and general$100,414,576$87,983,873$98,694,740$90,706,407$76,457,340
Total expenses$1,051,569,096$986,058,417$958,347,871$903,730,379$819,739,749
Change in net assets20192018201720162015
Surplus (deficit)$38,978,335$31,769,806$34,504,795$55,892,197$96,841,946
Other changes in net assets$0$0$0$0$0
Total change in net assets$38,978,335$31,769,806$34,504,795$55,892,197$96,841,946


Matthew RhuleHead Football Coach$3,673,248
Scott DrewHead Men's Basketball Coach$3,350,634
Kim MulkeyHead Women's Basketball Coach$2,588,959
Mack Rhoades IVVice President and Director of Athletics$1,554,897
Linda LivingstonePresident$1,323,515
Phillip SnowDefensive Coordinator Football$1,066,792
Roy Brian WebbVice President & Chief Investment Officer$868,442
Muadianvita KazadiFormer Associate Athletics Director for Athletic Performance$750,000
Jeffrey NixonCo-Offensive Coordinator Football$658,495
Reagan RamsowerSenior Vice President & Chief Operating Officer - Former Officer$539,835
Gary CariniActing Vice Provost$509,140
Dave RosselliVice President for University Development$479,563
Chris HolmesGeneral Counsel & Chief Legal Officer and Corporate Secretary$464,747
Jason CookVice President for Marketing & Communications and Chief Marketing Officer$406,038
Susan AnzVice President for Financial Operations and Assistant Secretary$351,958
Todd StillInterim Executive Vice President and Provost - Former Officer$349,017
Michael McLendonInterim Provost - Former Officer$328,610
Lee NordtDean of Arts & Sciences$326,476
Brett DaltonChief Business Officer as of 7/1/2018$317,957
Cheryl GochisVice President for Human Resources and Chief Human Resources Officer$307,303
Kevin JacksonVice President for Student Life$296,769
Andrea DixonRegent$295,185
Gary MortensonActing Vice Provost$284,504
Robyn DriskellChief of Staff to the President and Vice President for Board Relations$276,188
Tommye Lou DavisVice President for Constituent Engagement - Former Officer$268,639
David GarlandINTERIM PRESIDENT - Former Officer$252,909
Darin DavisVice President for University Mission$238,313
Kristy OrrBoard Professional$205,761
Dave ClendennenAsst Vice President for Financial Systems & Asst Treasurer (as of 07/1/18)$193,551
Gaynor YanceyRegent$173,506
Juan Alejandro JrVice President of Governance & Risk - Former Officer$140,455
Marsha DuckworthSenior Director for Board and Legal Services; Assistant Secretary$129,506
Michelle BerryVice President for Academic Operations and Strategic Finance$119,319
Judy CarpenterDir. of Board & Presidential Operations & Assist. to President's Chief of Staff; Assist. Secretary$97,996
Felicia CruzDirector of Legal International Services; Assistant Secretary$78,564
William L CassaraRegent$34,999
William Brett BeeneRegent$15,406
William Bill S SimonRegent$6,663
WD Dan Hord IIIRegent$5,174
Michael McFarlandRegent$4,600
Dennis Ray WilesRegent$4,213
Drayton McLane JrRegent$613
Milton HixsonRegent$494
Neal JeffreyRegent$286
James Cary GrayRegent$214
Alicia DH MonroeRegent$203
Gordon WilkersonRegent$195
Joel T AllisonRegent$195
Larry P HeardRegent$184
Ronald L WilsonRegent$182
Mark E LovvornRegent$174
Mark HurdRegent$174
Mark RountreeRegent$174
William K Robbins JrRegent$174
C Clifton RobinsonRegent$163
Daniel H ChapmanRegent$163
Dusty SandersonRegent$163
Jeff D ReeterRegent$163
Jennifer Walker ElrodRegent$163
Jerry K ClementsRegent$163
Jill ManningRegent$163
Julie Hermansen TurnerRegent$163
Kenneth Q CarlileRegent$163
Kim StevensRegent$163
Mark A McCollumRegent$163
Melissa Purdy MinesRegent$163
Miles Jay AllisonRegent$163
Randolph L PullinRegent$163
Shelley GiglioRegent$163
Philip W StewartRegent$150
Katie Jo LuninghamRegent$121
Todd A ReppertRegent$110
Rene MacielRegent$100

Compensation data as of: 5/31/2019

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 10/26/2020. To update the information below, please email:


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.