2013-04-15T15:37:27-05:00 2012-05-31 741699466 FITTS ROBERTS & CO PC 5718 WESTHEIMER SUITE 800 HOUSTON TX 77057 990 2011-06-01 741400699 HOUSTON BAPTIST UNIVERSITY HOUS 2816493000 7502 FONDREN RD HOUSTON TX 77074 SANDRA N MOONEY 2816493000 2013-04-15 1 ROSE KAY PARKER CPA P00177405 7132605230 2013-04-15 2011 2016-03-07 17:11:31Z DR ROBERT B SLOAN JR 7502 FONDREN RD HOUSTON TX 77074 80797626 0 X WWW.HBU.EDU X 1960 TX TO PROVIDE INSTRUCTION FOR APPROXIMATELY 2,500 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE COURSES 36 36 881 1250 -113848 -113848 8863794 3674516 54749860 57021397 1476051 2337600 13555346 3667583 78645051 66701096 23526328 23720782 0 0 24184029 24107162 0 0 974466 19777797 20297350 67488154 68125294 11156897 -1424198 200082618 202730257 61834397 77062949 138248221 125667308 THE MISSION OF HOUSTON BAPTIST UNIVERSITY IS TO PROVIDE A LEARNING EXPERIENCE THAT INSTILLS IN STUDENTS A PASSION FOR ACADEMIC, SPIRITUAL, AND PROFESSIONAL EXCELLENCE AS A RESULT OF OUR CENTRAL CONFESSION, "JESUS CHRIST IS LORD" 0 0 44309148 23720782 62196959 PROVIDES INSTRUCTION FOR APPROXIMATELY 2,500 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE COURSES. 44309148 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 161 0 1 881 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X SANDRA N MOONEY CPA VP FOR FINANCIAL OPERATIONS 2816493000 7502 FONDREN RD HOUSTON TX 77074 MARK AMMERMAN 0.00 X 0 0 0 RICK BAILEY 0.00 X 0 0 0 CAROL ANN BONDS 0.00 X 0 0 0 KANDY BRITTAIN 0.00 X 0 0 0 DAVID BROOKS 0.00 X 0 0 0 MADELINE COLLIER 0.00 X 0 0 0 RAY L COX JR 0.00 X 0 0 0 MARK E DENISON 0.00 X 0 0 0 MARK ESTEP 0.00 X 0 0 0 WILLIAM H FLORES 0.00 X 0 0 0 JOHN W GIBSON JR 0.00 X 0 0 0 PAT GOETTSCHE 0.00 X 0 0 0 JOSH GUAJARDO 0.00 X 0 0 0 KEITH W JACOBSON 0.00 X 0 0 0 TERRELL L JOHNSON 0.00 X 0 0 0 LYNN KIESEWETTER 0.00 X 0 0 0 HOWARD C LEE JR 0.00 X 0 0 0 TERRY LOOPER 0.00 X 0 0 0 GREGG MATTE 0.00 X 0 0 0 BEN RENBERG 0.00 X 0 0 0 MARC RYLANDER 0.00 X 0 0 0 JOSEPH C SLEETH JR 0.00 X 0 0 0 CLOIS R SMITH 0.00 X 0 0 0 RAY STILL 0.00 X 0 0 0 DAVID Y STUTTS 0.00 X 0 0 0 JANET TAYLOR 0.00 X 0 0 0 TADD TELLEPSEN 0.00 X 0 0 0 MARTHA TURNER 0.00 X 0 0 0 CHARLIE WARD 0.00 X 0 0 0 BILL WILLIAMS 0.00 X 0 0 0 BRUCE WILLIAMS 0.00 X 0 0 0 DIANE WILLIAMS 0.00 X 0 0 0 LARRY WOMACK 0.00 X 0 0 0 DON WOO 0.00 X 0 0 0 ED YOUNG 0.00 X 0 0 0 JOHNNY BAKER 0.00 X 0 0 0 STEWART MORRIS SR 0.00 X 0 0 0 JIM R SMITH 0.00 X 0 0 0 GILBERT TURNER 0.00 X 0 0 0 ROBERT B SLOAN 40.00 X 300837 0 0 SANDRA N MOONEY 40.00 X 174797 0 0 JAMES L STEEN 40.00 X 159440 0 0 CHARLES E BACARISSE 40.00 X 142033 0 0 SHARON E SAUNDERS 40.00 X 146341 0 0 ROBERT K GAYNOR 40.00 X 117568 0 0 STEVEN C MONIACI 40.00 X 104661 0 0 MOHAN KURUVILLA 40.00 X 169478 0 0 JOHN R BROOKS 40.00 X 137665 0 500 MICHAEL K BOURKE 40.00 X 124573 0 0 PHAEDON P PAPADOPOULOS 40.00 X 117055 0 0 LEVON HAYRAPETYAN 40.00 X 123243 0 0 1817691 0 500 7 0 1 0 ARAMARK SERVICES INC 7502 FONDREN RD HOUSTON TX 77074 FACILITIES MAINTENANCE 2073191 ARAMARK EDUCATION PO BOX 100401 PASADENA CA 91189 CAFETERIA MANAGEMENT 1026796 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 ENROLLMENT MANAGEMENT 811087 OFFICE FURNITURE INNOVATIONS LLC 7026 OLD KATY RD 264 HOUSTON TX 77024 OFFICE FURNITURE 718684 HANOVER INSURANCE CO PO BOX 580045 CHARLOTTE NC 28258 INSURANCE COVERAGE 664633 33 243758 310843 3119915 309333 3674516 TUITION AND FEES 611600 54898507 54898507 AUXILLARY SERVICES 611600 2122890 2087890 35000 57021397 575175 575175 368294 368294 1952623 603574 1349049 1349049 1497897 -148848 12896423 816936 11950934 0 945489 816936 1762425 1762425 0 243758 0 0 1618723 1542022 76701 76701 FITNESS CENTER 611600 872649 872649 OTHER 611600 592637 592637 ATHLETICS 611600 408253 408253 1873539 66701096 62196959 -113848 943469 23720782 23720782 1537435 1118800 281030 137605 18653235 12180474 6016552 456209 815760 505130 285938 24692 1668856 1167885 453665 47306 1431876 916527 474315 41034 717774 181292 536482 50146 50146 95784 95784 192375 192375 511178 98882 362102 50194 936233 695463 233169 7601 575279 40754 534525 440521 104941 328235 7345 63037 19743 33189 10105 1589169 1589169 3923844 2002463 1921381 477538 477538 CONTRACT LABOR AND SERV 2138002 700148 1437854 UTILITIES 2003382 1144 2002238 ATHLETICS 1685544 1685544 COLLECTIONS AND BANK FE 1201302 4983 1196319 3696242 849737 2846505 68125294 44309148 22841680 974466 4950841 2215506 11826808 5163001 1461288 573383 3588117 3021708 289140 370393 564771 536528 598681 705862 149916470 38903338 98582441 111013132 40842959 34304216 9030275 12556017 26121414 24817205 2225883 7453306 200082618 202730257 6023402 5954757 243063 319293 51160000 50180000 560134 616978 225144 12237823 3622654 7754098 61834397 77062949 X 73379069 69557272 22923828 13850259 41945324 42259777 138248221 125667308 200082618 202730257 X -1424198 -11156715 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 302500 5908305 X X X 0 0 0 83667433 239931 -4703982 3632624 -1549601 77120359 76770659 476813 8719183 4199168 -1899946 0 83667433 72177268 791571 5270695 4722685 -3253810 0 76770659 89896277 3451213 -12760959 4514406 3894857 0 72177268 0.29810 0.54800 0.15390 1 0 6360248 6360248 99816648 15856571 83960077 15887755 8820295 7067460 25107095 12588572 12518523 2744724 1637900 1106824 111013132 BONDS 3096364 F INTERNATIONAL FUND 5801870 F TRUSTS 3657783 F 12556017 REAL ESTATE 23283796 F MINERAL RIGHTS 1533409 F 24817205 BOND INTEREST RATE SWAP LIABILITY 7506056 DEPOSITS 248042 7754098 66701096 68125294 -1424198 -11145868 -10847 -379318 -11536033 -12960231 36050190 -11145868 4620642 -6525226 42575416 24125680 24125680 66701096 48999575 4999961 4999961 43999614 24125680 24125680 68125294 PART III, LINE 4: THE UNIVERSITY HAS VARIOUS HISTORICAL PIECES WHICH ARE BEING EXHIBITED IN THE UNIVERSITY'S MUSEUM OF SOUTHERN HISTORY, A BIBLE MUSEUM AND AN ART MUSEUM AND SOME WORKS IN OTHER LOCATIONS OF THE UNIVERSITY. THE MUSEUMS AND ARTWORK GIVES THE STUDENDS OF THE UNIVERSITY THE ABILITY TO EXPERIENCE "HANDS ON" HISTORICAL ITEMS RELATED TO RELIGIOUS AND UNITED STATES HISTORY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY ENDOWMENT IS USED PRIMARILY TO PROVIDE STUDENTS WITH SCHOLARSHIPS. A SMALLER PORTION FROM THE BOARD DESIGNATED ENDOWMENT IS USED TO HELP THE UNIVERSITY PAY FOR THE ONGOING COSTS RELATED TO MAINTAINING AND OPERATING THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS ASC 740 WHICH REQUIRES THE EVALUATION OF HOW TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE STANDARD REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD ARE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE ADOPTION OF ASC 740 DID NOT HAVE AN EFFECT ON THE UNIVERSITY'S NET ASSET VALUE, FINANCIAL POSITION OR RESULTS OF ACTIVITIES. AS OF MAY 31, 2012 AND 2011 AND FOR THE YEARS THEN ENDED, THE UNIVERSITY AND ITS SUBSIDIARY, BSI, DID NOT HAVE AN ASSET OR LIABILITY FOR ANY UNRECOGNIZED TAX POSITIONS. MANAGEMENT'S DETERMINATIONS REGARDING ASC 740 MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED UPON FACTORS INCLUDING, BUT NOT LIMITED TO, AN ON-GOING ANALYSIS OF TAX LAWS, REGULATIONS AND INTERPRETATIONS THEREOF. PART XII, LINE 2D - OTHER ADJUSTMENTS: BSI REVENUE 3,039,145. BOOKSTORE COST OF GOODS SOLD 1,542,022. MISCELLANEOUS EXPENSES 39,475. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED AID (DIFFERENT TREATMENT PER 990 AS COMPARED TO FINANCIAL) 23,720,782. RENTAL EXPENSES ALLOCATION 404,898. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BSI EXPENSE 3,418,463. BOOKSTORE COST OF GOODS SOLD 1,542,022. MISCELLANEOUS EXPENSES 39,476. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED AID (DIFFERENT TREATMENT PER 990 AS COMPARED TO FINANCIAL) 23,720,782. RENTAL EXPENSES ALLOCATION 404,898. PART XI - LINE 8 - OTHER $(379,318) THIS IS THE NET LOSS FOR BSI, A FOR-PROFIT SUBSIDIARY OF HBU, WHICH IS INCLUDED ON THE FINANCIAL STATEMENTS BUT IS NOT INCLUDED ON THE 990 AS BSI FILES ITS OWN RETURN. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 HBU'S NONDISCRIMINATORY POLICY IS INCLUDED ON OUR WEBSITE AND ALL HBU PUBLICATIONS RELATING TO ENROLLMENT AND STUDENT DIVERSITY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 HBU RECEIVED GOVERNMENTAL FINANCIAL AID IN THE FORM OF GRANTS. THE MAJORITY OF THESE GRANTS ARE THEN PROVIDED TO THE STUDENTS OF THE UNIVERSITY TO ASSIST WITH PAYING FOR TUITION AND/OR LIVING COSTS. A SMALL PERCENTAGE OF THE GRANTS RECEIVED BY HBU WERE USED BY THE UNIVERSITY TO SPEND ON REGULAR RECURRING OPERATIONAL EXPENSES. SPIRIT OF EXCELLENCE 117250 117250 THE GUILD SILVER TEA 82507 82507 4 44001 44001 243758 243758 0 SCHOLARSHIPS TO STUDENTS 2076 23720782 BOOK SCHOLARSHIPS ALL GRANTS ARE GIVEN TO STUDENTS IN THE FORM OF SCHOLARSHIPS, THEREFORE A DETAILED MONITORING PROCESS IS NOT NECESSARY FOR THE UNIVERSITY. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT B SLOAN 299253 0 0 0 1584 0 0 0 0 0 300837 0 0 0 SANDRA N MOONEY 174452 0 0 0 345 0 0 0 0 0 174797 0 0 0 JAMES L STEEN 159299 0 0 0 141 0 0 0 0 0 159440 0 0 0 MOHAN KURUVILLA 169201 0 0 0 277 0 0 0 0 0 169478 0 0 0 PART I, LINE 1B ALL COMPENSATION RELATED TO THE UNIVERSITY PRESIDENT IS APPROVED BY THE GOVERNING BODY OF THE UNIVERSITY IN THE EMPLOYMENT CONTRACT PRIOR TO THESE BENEFITS BEING PROVIDED. CRAWFORD EDUCATION FACILITIES CORPORATION 721536594 225097AC8 2007-11-29 53000000 CONSTRUCTION OF 3 NEW BUILDINGS ON CAMPUS; REFUND PRIOR ISSUE DATED 7/27/00 0 0 0 2820000 53000000 394307 46628005 5977688 1 0 1 1 0 0 0 0 1 0 1 0 0 0 SCHEDULE K, PART II, LINE 11 EXPLANATION OF OTHER SPENT PROCEEDS PROCEEDS USED TO CURRENTLY REFUND PRIOR ISSUE WERE $5,977,688. THE REFUNDED BONDS WERE ORIGINALLY ISSUED ON 7/27/2000. DAVID BROOKS CONTROL SHAREHOLDER 66498 ENROLLMENT MANAGEMENT 0 DAVID STUTTS SR. VP FINANCE 113223 TITLE INSURANCE 0 JAMES STEEN CONTROL SHAREHOLDER 66498 ENROLLMENT MANAGEMENT 0 X 3 302500 APPRAISAL X 58 ESTIMATE X CHAMPIONSHIP RINGS 1 6775 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE UNIVERSITY IS PROVIDED WITH A DRAFT COPY OF THE FORM 990 PRIOR TO FILING. THEY ARE ASKED TO REVIEW AND PROVIDE ANY FEEDBACK THAT THEY FEEL IS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C UNIVERSITY REVIEWS ALL ANNUALLY SUBMITTED FORMS AND FOLLOWS-UP WITH ANY MEMBER WHO STATES THAT THEY BELIEVE THEY MAY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A FOR THE UNIVERSITY'S PRESIDENT, THE BOARD UTILIZES AN EXTERNAL COMPENSATION ADVISORY REPORT FOR NON-PROFITS AND HIGHER-EDUCATION INSTITUTIONS IN ADDITION TO REVIEW OF THE COMPENSATION OF OTHER UNIVERSITIES AND DISCUSSION TO DETERMINE HOW THE UNIVERSITY'S PRESIDENT IS TO BE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY HAS CHOSEN TO MAKE OUR IRS FORM 990 AVAILABLE UPON REQUEST. THE UNIVERSITY HAS CHOSEN AT THIS POINT NOT TO MAKE PUBLIC OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR AUDITED FINANCIAL STATEMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -11,145,868. PRIOR PERIOD ADJUSTMENTS: -10,847. TOTAL TO FORM 990, PART XI, LINE 5: -11,156,715. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR. BRADSHAW RECREATION CENTER INC 7502 FONDREN RD HOUSTON TX 77074 454183989 MANAGE BRADSHAW FITNESS CENTER TX 501(C)(3) LINE 5 HOUSTON BAPTIST UNIVERSITY 0 HB HOUSING PARTNERSHIP I LTD 7502 FONDREN RD HOUSTON TX 77074 760503221 APARTMENT RENTAL TX UNRELATED 0 0 BEECHNUT STREET INC 7502 FONDREN RD HOUSTON TX 77074 740292451 REAL ESTATE RENTAL TX HOUSTON BAPTIST UNIVERSITY C 1.00000 HB HOUSING CORPORATION 7502 FONDREN RD HOUSTON TX 77074 760503219 APARTMENT RENTAL TX BEECHNUT STREET INC C 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 BEECHNUT STREET INC J 933700 ACTUAL BEECHNUT STREET INC N 348818 ACTUAL HB HOUSING PARTNERSHIP J 61240 ACTUAL