2011-04-14T14:00:08-05:00 2010-05-31 Deloitte Tax LLP 1111 Bagby Street Suite 4500 Houston TX 770022591 990 2009-06-01 741159753 BAYLOR UNIVERSITY BAYL 2547103731 ONE BEAR PLACE 97043 WACO TX 767987043 BOB C SPENCE 2011-04-05 true 7139822000 2009 2016-02-24 21:20:13Z KENNETH STARR ONE BEAR PLACE 97096 WACO TX 767987096 616564104 false X WWW.BAYLOR.EDU X 1845 TX 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. 20 12 8717 1703 252988 0 61255633 51937336 459078890 490392763 53638230 55420621 3906503 3742452 577879256 601493172 138214645 156183277 0 226566973 242540364 45047 96941 13314730 178948180 186314139 543774845 585134721 34104411 16358451 1714991028 1688462932 473455918 451296968 1241535110 1237165964 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. false false 344105791 150013915 369647433 BAYLOR UNIVERSITY PROVIDES ACADEMIC INSTRUCTION FOR APPROXIMATELY 14,614 FULL-TIME STUDENTS PURSUING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES. BAYLOR CONSISTS OF ELEVEN ACADEMIC UNITS OFFERING 151 UNDERGRADUATE, 76 MASTERS, AND 30 DOCTORAL DEGREE PROGRAMS. IN ADDITION, THE EDUCATION SPECIALIST DEGREE IS OFFERED BY THE SCHOOL OF EDUCATION AND THE JURIS DOCTOR DEGREE IS OFFERED BY THE SCHOOL OF LAW. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED, ACADEMIC MERIT, OR A COMBINATION OF THESE ITEMS. APPROXIMATELY 12,380 STUDENTS RECEIVED SCHOLARSHIPS DURING THE YEAR. 77914543 4599755 36867592 BAYLOR UNIVERSITY'S STUDENT SERVICES AND ACTIVITIES CONTRIBUTE TO STUDENTS' SPIRITUAL, SOCIAL AND PHYSICAL WELL BEING. 42270985 0 3143018 BAYLOR UNIVERSITY PROVIDES ACADEMIC SUPPORT SERVICES FOR THE PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE. 44062492 1569607 80020745 508353811 true true false true true false true true true true false true true true true true false true true false false true true true true false false false false false false true true true true true true false false true true true false false true 20217 0 true 8717 true true true true CJ CH SP UK false false false true true true 2 false false 20 12 false false false false false true true true true false true false true true true true true false true true true false GA ME OK X BOB C SPENCE 2547103731 1700 S UNIVERSITY PARKS DR STE 670 WACO TX 76706 KATHY WILLS WRIGHT 5 X 60 0 0 R DARY STONE 30 X 80 0 0 JOHN C REIMERS 2 X 40 0 0 RAMIRO PENA JR 10 X 80 0 0 RONALD DEAN MURFT 4 X 80 0 0 NEAL T BUDDY JONES 18 X 280 0 0 DAVID HARLAN HARPER 10 X 40 0 0 SUE HOLT GETTERMAN 3 X 0 0 0 GARY D ELLISTON 8 X 40 0 0 BOBBY CHARLES DAGNEL 0 X 80 0 0 HAROLD C CUNNINGHAM 18 X 80 0 0 STEPHEN R CARMACK 7 X 80 0 0 DUANE BROOKS 15 X 40 0 0 LINDA BRIAN 4 X 40 0 0 TOMMY L BOWMAN 1 X 0 0 0 ALBERT C BLACK JR 2 X 0 0 0 ROBERT E BEAUCHAMP 5 X 40 0 0 WES BAILEY 3 X 5660 0 0 JOSEPH B ARMES 15 X 80 0 0 STAN ALLCORN 2 X 362 0 0 PAULA AUTREY 45 X 48536 0 17634 MARSHA DUCKWORTH 50 X 76102 0 18178 BOB C SPENCE 60 X 185689 0 38263 PATTIE ORR 65 X 220310 0 42327 DENNIS PRESCOTT 40 X 302813 0 43337 REAGAN RAMSOWER 50 X 270174 0 39278 JOHN BARRY 60 X 227199 0 50128 KEVIN JACKSON 50 X 102274 0 18195 CHARLES BECKENHAUER 75 X 232251 0 37499 ELIZABETH DAVIS 70 X 241003 0 21019 DAVID GARLAND 70 X 271707 0 74950 TRUELL HYDE 60 X 191020 0 29372 IAN MCCAW 70 X 383365 0 40084 CHARLES WALL 50 X 285635 0 33347 KENT MUCKEL 40 X 152795 0 26485 LEE NORDT 40 X 199935 0 49475 BRIAN NORWOOD 60 X 319664 0 39869 STEPHEN SMITH 60 X 300871 0 42388 SCOTT DREW 60 X 1720333 0 40081 KIM MULKEY 60 X 1125542 0 39153 ARTHUR BRILES 85 X 1509931 0 39465 KARLA LEEPER 60 X 161299 0 29016 JUAN ALEJANDRO 50 X 154756 0 62225 VAN GRAY 40 X 163723 0 27363 MICHAEL MORRISON 70 X 204698 0 35181 TOMMYE LOU DAVIS 50 X 121420 0 26134 NORMAN LOFGREN 60 X 163191 0 33290 DAVID JEFFREY 50 X 160377 0 36262 9503775 0 1029998 358 true true false ARAMARK FACILITY SERVICES 24818 NETWORK PLACE CHICAGO IL 606731248 FACILITY MAINTENANCE 20139548 ARAMARK CAMPUS SERVICES PO BOX 840706 DALLAS TX 752840706 FOOD SERVICES 14127189 THE BECK GROUP 1807 ROSS AVE SUITE 500 DALLAS TX 752018006 GENERAL CONTRACTOR 5586387 CROTHALL HEALTHCARE INC ONE BEAR PLACE 97214 WACO TX 767987214 HOUSEKEEPING SERVICES 4047140 CMCT LTD PO BOX 506 WACO TX 767030506 CONSTRUCTION MANAGEMENT 2008800 129 0 874729 91866 4626984 14991438 31352319 4053335 51937336 TUITION AND FEES 611310 399350958 399350958 0 0 EDUCATION AND GRANTS 611310 19538205 19010127 184631 343447 ROOM AND BOARD 611310 37017745 37017745 0 0 GOVERNMENT CONTRACTS 611310 8251393 8251393 0 0 ATHLETICS 611310 20614059 20082041 532018 0 5620403 5620403 0 0 490392763 55135368 0 -658087 55793455 0 0 0 0 3752111 0 194426 3557685 8400 0 0 0 8400 0 8400 0 0 8400 6707542 8564920 6199576 8787633 507966 -222713 285253 0 0 285253 65664 91866 83723 -18059 0 0 -18059 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 601493172 489332667 252988 59970181 1539607 1539607 154633670 154633670 10000 10000 0 0 4069299 992206 2445374 631719 2821843 1019375 1554331 248137 181855137 169624571 5049640 7180926 15544373 13146855 1801177 596341 27106367 9295099 17352330 458938 11143345 9202528 1465178 475639 679294 571019 82381 25894 1123905 0 1123905 0 286990 0 279430 7560 206880 0 206880 0 96941 96941 4118000 0 4118000 0 29606021 8628567 20932386 45068 3975384 2221278 1745648 8458 20720846 14766505 4922910 1031431 13410294 8173551 5141924 94819 160326 159751 575 0 25262546 4489436 20660162 112948 16374123 14694550 1075244 604329 0 0 0 0 4373763 3443880 506297 423586 11480016 10643652 692864 143500 0 0 0 0 29697952 27534339 1792389 371224 0 0 0 0 UNRELATED BUSINESS INCOME TAX - REFUND DUE TO LOSS CARRYBACK -550870 0 -550870 0 COST OF GOODS SOLD 13186804 11912981 1271813 2010 ACCOUNTING ADJUSTMENTS - POSTRETIREMENT BENEFITS, ETC. 8936397 0 8936397 0 MEMBERSHIPS 1466451 976290 461389 28772 ALLOCATION OF COSTS REPORTED IN MGMT & ADMIN 0 39257145 -39786419 529274 1799017 1416956 184845 197216 585134721 508353811 63466180 13314730 0 0 0 0 476391 528315 94668298 74593989 16499246 15634107 21508872 22425670 0 0 0 0 463198 450493 982175 1105437 4674165 4836092 929765086 303680990 628345793 626084096 7637623 7944170 925939698 922116889 13795569 12743674 0 0 0 0 1714991028 1688462932 37526408 35377828 0 0 36158037 36842379 267600000 263825000 381367 299941 0 0 1943410 1341851 52856906 52209176 76989790 61400793 473455918 451296968 X 437985258 438852309 252334638 228878480 551215214 569435175 0 0 0 0 0 0 1241535110 1237165964 1714991028 1688462932 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 0 false true 191867 true 145106 false true 336973 false Other lobbying activities Schedule C, Part II-B, Line 1i INSTITUTIONAL LOBBYING ACTIVITIES WERE DIRECTED BOTH INTERNALLY AND BY AN OUTSIDE GOVERNMENTAL RELATIONS FIRM. THE OFFICE OF GOVERNMENTAL RELATIONS MAINTAINED CONTACT WITH LOCAL, STATE, AND FEDERAL OFFICIALS THROUGH MEETINGS IN WACO, AUSTIN, AND WASHINGTON, D.C. TO DISCUSS MATTERS RELATING TO HIGHER EDUCATION, INCLUDING STUDENT FINANCIAL AID, TAX POLICY, FEDERAL RESEARCH FUNDING, STATE FUNDING FOR DEVELOPMENT OF TECHNOLOGICAL INFRASTRUCTURE, AND MISCELLANEOUS LOCAL MATTERS. A VOLUNTEER STUDENT ORGANIZATION, THE BAYLOR AMBASSADORS, WORKED CLOSELY WITH THE OFFICE OF GOVERNMENTAL RELATIONS AND ASSISTED IN ADVOCATING TO THE STATE LEGISLATURE AND U.S. CONGRESS ON ISSUES BENEFICIAL TO BAYLOR STUDENTS SUCH AS FINANCIAL AID PROGRAMS. THE UNIVERSITY ALSO HIRED AN OUTSIDE REGISTERED GOVERNMENTAL RELATIONS REPRESENTATIVE IN WASHINGTON, D.C. THIS REPRESENTATIVE ENGAGED IN SIMILAR ACTIVITIES NOTED ABOVE. BAYLOR ANSWERED "YES" ON LINE 1D AS THE UNIVERSITY DID SEND E-MAILS; HOWEVER, THE UNIVERSITY REPORTED AN EXPENSE OF ZERO DUE TO THE DIFFICULTY OF APPORTIONING THE INSIGNIFICANT COSTS ASSOCIATED WITH SUCH E-MAILINGS. BAYLOR PAID MEMBERSHIP DUES TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS, THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, AND HARVARD UNIVERSITY'S AD HOC TAX COMMITTEE IN THE AMOUNT OF $155,078 DURING THE FISCAL YEAR. THESE DUES WERE PAID TO ORGANIZATIONS WHICH MAY HAVE ENGAGED IN SOME LOBBYING ACTIVITIES. HOWEVER, NO DUES WERE SPECIFICALLY ALLOCATED TO LOBBYING COSTS ON THE INVOICES RECEIVED. THE TOTAL AMOUNT SPENT BY BAYLOR ON LOBBYING ACTIVITIES REPRESENTED AN INSIGNIFICANT PORTION OF THE UNIVERSITY'S TOTAL EXPENDITURES. 12 81630 160944 4195322 false false 65977 10314977 X X X false false true 880255464 21228117 19129386 17614644 31032392 871965931 1068934692 22341159 -162839004 16707157 31474226 880255464 0.17 0.83 0 true true true 3684963 60145079 63830042 0 670989451 199672035 471317416 0 777048 422876 354172 0 66363514 48432221 17931293 0 127805031 55153858 72651173 626084096 0 449780 F BAYLOR UNIVERSITY FUND 777986431 F BAPTIST FOUNDATION OF TEXAS MANAGED FUNDS 107552757 F ASSETS HELD BY OTHERS 35463018 F OTHER 664903 F 922116889 ACCRUED POSTRETIREMENT BENEFITS 45710011 ANNUITIES PAYABLE 4506101 CONDITIONAL ASSET RETIREMENT OBLIGATION 3664384 FEDERAL LOAN FUNDS REFUNDABLE 7520297 61400793 601493172 585134721 16358451 -33796093 0 0 0 11908733 -21887360 -5528909 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Collections of art - description of collections Schedule D, Part III, Line 4 BAYLOR UNIVERSITY CURRENTLY HOLDS COLLECTIONS OF ART, BOOKS, AND OTHER MEMORABILIA FOR EDUCATIONAL PURPOSES, INCLUDING PUBLIC EXHIBITION AND SCHOLARLY RESEARCH. Explanation of escrow agreement Schedule D, Part IV, Line 2b THE AMOUNT LISTED REPRESENTS THE UNIVERSITY ACTING IN AN AGENCY CAPACITY FOR VARIOUS STUDENT AND PROFESSIONAL ORGANIZATIONS AS WELL AS OUTSIDE SCHOLARSHIPS. Intended uses of endowment funds Schedule D, Part V, Line 4 THE PRIMARY OBJECTIVE OF THE ENDOWMENT PORTFOLIO IS TO PRESERVE AND ENHANCE THE REAL PURCHASING POWER OF THE PORTFOLIO ASSETS TO HELP MAINTAIN INTERGENERATIONAL EQUITY OF THE CORPUS. THIS WILL OCCUR WHILE ALSO PROVIDING REASONABLE ANNUAL SUPPORT TO BAYLOR UNIVERSITY. FIN 48 footnote Schedule D, Part X, Line 2 TAX STATUS & ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE UNIVERSITY IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION, AND CONTRIBUTIONS TO IT QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. THE UNIVERSITY FILES UNRELATED BUSINESS INCOME TAX AND OTHER INFORMATION RETURNS AS REQUIRED BY GOVERNMENT AUTHORITIES. A PROVISION HAS BEEN MADE FOR UNRELATED BUSINESS INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. AS OF MAY 31, 2010, THE UNIVERSITY'S TAX YEARS 2007 TO 2010 REMAIN SUBJECT TO EXAMINATION. Other changes in net assets Schedule D, Part XI, Line 8 GAIN ON INTEREST RATE SWAP - 9937736; PRESENT VALUE ADJUSTMENT ON SPLIT INTEREST AGREEMENT - 2642566; KWBU ADJUSTMENT - -1682483; REALIZED GAINS ON INVESTMENTS - -285253; OTHER - 1296167; TOTAL - 11908733 RECONCILATION PART XIV THE AUDITED FINANCIAL STATEMENTS OF BAYLOR UNIVERSITY INCLUDE THE ACCOUNTS OF THE UNIVERSITY AND BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION (KWBU), WHICH IS A LEGALLY SEPARATE ENTITY. FOR PURPOSES OF REPORTING ON THE FORM 990, THE UNIVERSITY BREAKS OUT KWBU'S ACCOUNTS SO THAT THE NUMBERS HEREIN REFLECT SOLELY THOSE OF THE UNIVERSITY. BECAUSE THE OTHER ENTITY'S ACCOUNTS ARE INCLUDED IN THE AUDITED FINANCIAL STATEMENTS, BUT ARE NOT INCLUDED IN THE FORM 990, THE ENDING CHANGE IN NET ASSETS OF THE FORM 990 WILL NOT MATCH THE ENDING CHANGE IN NET ASSETS OF BAYLOR UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. THE RECONCILIATION IN SCHEDULE D, PART XI, INCLUDES ADJUSTMENTS THAT PROVIDE FOR THE EFFECT OF KWBU SO AS TO RECONCILE THE FORM 990 NUMBERS TO THE AUDITED FINANCIAL STATEMENTS PER THE FORM 990 INSTRUCTIONS. true true true THE UNIVERSITY'S NONDISCRIMINATION POLICY IS DISCLOSED IN THE ADMISSION APPLICATION MATERIAL AND FINANCIAL AID MATERIAL PROVIDED TO EACH PROSPECTIVE STUDENT. THE UNIVERSITY DRAWS STUDENTS BOTH FROM LARGE GEOGRAPHIC SECTIONS OF THE UNITED STATES AND INTERNATIONALLY AND ENROLLS MEANINGFUL NUMBERS OF MINORITY STUDENTS. true true true true false false false false false false false false true false true true CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS CENTRAL AMERICA AND THE CARIBBEAN 0 16 PROGRAM SERVICES STUDY ABROAD 158927 CENTRAL AMERICA AND THE CARIBBEAN 0 15 PROGRAM SERVICES MISSION TRIPS 166631 CENTRAL AMERICA AND THE CARIBBEAN 0 4 PROGRAM SERVICES RESEARCH 10546 CENTRAL AMERICA AND THE CARIBBEAN 0 1 FUNDRAISING 1720 EAST ASIA AND THE PACIFIC 0 20 PROGRAM SERVICES STUDY ABROAD 590918 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TUITION PAYMENTS FOR TUITION EXCHANGE PROGRAM 2090 EAST ASIA AND THE PACIFIC 0 0 GRANTS 10000 EAST ASIA AND THE PACIFIC 0 5 PROGRAM SERVICES RECRUITING 15237 EAST ASIA AND THE PACIFIC 0 9 PROGRAM SERVICES MISCELLANEOUS TRAVEL - MEETINGS, PRESENTATIONS, ETC. 14771 EAST ASIA AND THE PACIFIC 0 6 PROGRAM SERVICES RESEARCH 24185 EAST ASIA AND THE PACIFIC 0 10 PROGRAM SERVICES CONFERENCES - ATTENDANCE, PRESENTATIONS, ETC. 20745 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES MISSION TRIP 3326 EAST ASIA AND THE PACIFIC 0 1 FUNDRAISING 2049 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 58 PROGRAM SERVICES STUDY ABROAD 3033801 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 PROGRAM SERVICES MISSION TRIP 21257 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES TUITION PAYMENTS FOR TUITION EXCHANGE PROGRAM 69994 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 10 PROGRAM SERVICES MISCELLANEOUS TRAVEL - MEETINGS, PRESENTATIONS, ETC. 10069 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 7 PROGRAM SERVICES RECRUITING 16471 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 79 PROGRAM SERVICES CONFERENCES - ATTENDANCE, PRESENTATIONS, ETC. 112422 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 FUNDRAISING 3008 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 17 PROGRAM SERVICES RESEARCH 40868 MIDDLE EAST AND NORTH AFRICA 0 3 PROGRAM SERVICES STUDY ABROAD 6310 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES CONFERENCES - ATTENDANCE, PRESENTATION, ETC. 2062 MIDDLE EAST AND NORTH AFRICA 0 3 PROGRAM SERVICES MISCELLANEOUS TRAVEL - MEETINGS, PRESENTATIONS, ETC. 6394 NORTH AMERICA (CANADA & MEXICO ONLY) 0 4 PROGRAM SERVICES STUDY ABROAD 76074 NORTH AMERICA (CANADA & MEXICO ONLY) 0 41 PROGRAM SERVICES CONFERENCES - ATTENDANCE, PRESENTATIONS, ETC. 41600 NORTH AMERICA (CANADA & MEXICO ONLY) 0 1 PROGRAM SERVICES CASE COMPETITION 8314 NORTH AMERICA (CANADA & MEXICO ONLY) 0 19 PROGRAM SERVICES RECRUITING 9653 NORTH AMERICA (CANADA & MEXICO ONLY) 0 2 PROGRAM SERVICES RESEARCH 6841 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 3 PROGRAM SERVICES CONFERENCES - ATTENDANCE, PRESENTATIONS, ETC. 6202 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 2 PROGRAM SERVICES STUDY ABROAD - SITE VISIT 383 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 1 PROGRAM SERVICES RESEARCH 6330 SOUTH AMERICA 0 4 PROGRAM SERVICES STUDY ABROAD 136971 SOUTH AMERICA 0 0 PROGRAM SERVICES TUITION PAYMENTS FOR TUITION EXCHANGE PROGRAM 18421 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL WORKSHOP 3920 SOUTH AMERICA 0 1 PROGRAM SERVICES EDUCATIONAL COMPETITION 12259 SOUTH AMERICA 0 2 PROGRAM SERVICES RECRUITING 3973 SOUTH AMERICA 0 5 PROGRAM SERVICES CONFERENCES - ATTENDANCE, PRESENTATIONS, ETC. 11532 SOUTH AMERICA 0 1 PROGRAM SERVICES SABBATICAL 1018 SOUTH ASIA 0 2 PROGRAM SERVICES RESEARCH 1427 SUB SAHARAN AFRICA 0 20 PROGRAM SERVICES MISSION TRIPS 283043 SUB SAHARAN AFRICA 0 1 PROGRAM SERVICES MISCELLANEOUS - MEETINGS, PRESENTATIONS, ETC. 2175 SUB SAHARAN AFRICA 0 1 PROGRAM SERVICES INTERNSHIP/MENTORSHIP PROGRAM 16565 SUB SAHARAN AFRICA 0 4 PROGRAM SERVICES RESEARCH 39217 SUB SAHARAN AFRICA 0 3 PROGRAM SERVICES CONFERENCES - ATTENDANCE, PRESENTATIONS, ETC. 4723 0 385 5034442 EAST ASIA AND THE PACIFIC ASSESS SURVEY RESPONSES 10000 WIRE TRANSFER 0 N/A N/A 1 Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS OR ENTITIES OUTSIDE THE UNITED STATES: THE UNIVERSITY ENTERS INTO A CONTRACT WITH THE GRANT RECIPIENT THAT DESCRIBES THE RECIPIENT'S RESPONSIBILITIES FOR THE USE OF THE GRANT FUNDS. UNDER THE TERMS OF THE CONTRACT, RECIPIENTS ARE REQUIRED TO SUBMIT QUARTERLY AND FINAL WRITTEN PROGRESS REPORTS TO THE PRINCIPAL INVESTIGATOR ("PI") OR PROJECT DIRECTOR FOR THE GRANT, AND FUNDS ARE PAID TO THE RECIPIENTS ON A COST REIMBURSABLE BASIS. WHEN THE GRANT RECIPIENT SUBMITS AN INVOICE FOR REIMBURSEMENT, THE PI REVIEWS THE INVOICE TO ENSURE THE EXPENDITURES ARE CONSISTENT WITH THE ESTABLISHED BUDGET AND WITH THE WORK COMPLETED TO DATE, PRIOR TO APPROVING THE AMOUNT FOR PAYMENT. GRANT RECIPIENTS SUBJECT TO THE U.S. OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-133 AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS ARE ALSO REQUIRED TO PROVIDE CERTIFICATION OF THEIR COMPLIANCE WITH THE FINANCIAL AUDIT REQUIREMENTS OF THOSE GUIDELINES PRIOR TO RECEIVING FUNDS. THEREAFTER, THE UNIVERSITY REQUIRES AN ANNUAL CERTIFICATION OF CONTINUING COMPLIANCE AND A COPY OF THEIR MOST RECENT AUDIT REPORT. IF ANY OF THE ABOVE PROCESSES INDICATE AN AREA OF CONCERN, SITE VISITS MAY BE CONDUCTED BY THE UNIVERSITY TO REVIEW THE PROGRAMMATIC AND/OR FINANCIAL RECORDS. DESCRIPTION OF METHOD USED TO ACCOUNT FOR EXPENDITURES ON FINANCIAL STATEMENTS PART I, LINE 3(F) THE UNIVERSITY RECORDS EXPENSES BASED UPON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES SET FORTH BY THE FINANCIAL ACCOUNTING STANDARDS BOARD IN FINANCIAL REPORTING. X X X X X X X true BENTZ WHALEY FLESSNER & ASSOCIATES INC DONOR CAST, PROSPECT DEVELOPMENT, AND SCHOLARSHIP CAMPAIGN SERVICES false 0 53441 -53441 ADVANCEMENT RESOURCES RESEARCH-BASED DEVELOPMENT TRAINING false 0 43500 -43500 0 96941 -96941 AL AR CT DE FL GA ID IN IA KS KY LA ME MD MS MO MT NE NV NJ NM NY NC ND OK PA SC SD TN TX UT VT VA WV WY GOLF TOURNAMENT 48705 26700 22005 0 3447 15055 0 0 11408 GOLF TOURNAMENT 47535 27971 19564 0 13561 9472 4954 0 2844 3 61290 37195 24095 0 7617 7017 5286 0 3062 157530 91866 65664 0 24625 31544 10240 0 17314 83723 -18059 true WACO CHAMBER OF COMMERCE PO BOX 1220 WACO TX 76703 740967440 501(C)(6) 59500 0 N/A N/A ECONOMIC AND COMMUNITY DEVELOPMENT. WACO FOUNDATION 900 AUSTIN AVENUE SUITE 1000 WACO TX 767011949 746054628 501(C)(3) 10000 0 N/A N/A HOLD A GREATER WACO COMMUNITY VISITING EDUCATION SUMMIT TO DEVELOP EXPECTATIONS AND GOALS FOR BAYLOR'S COMMUNITY AND STUDENTS, TO INSURE A GREATER QUALITY OF LIFE AND ECONOMIC SUCCESS. THE BAPTIST GENERAL CONVENTION OF TEXAS 33 N WASHINGTON AVE DALLAS TX 75246 750904042 501(C)(3) 10000 0 N/A N/A SOUTHWEST CONFERENCE EXPANSION AND ENDOWMENT CAMPAIGN. TEXAS BAPTISTS COMMITTED INC PO BOX 3330 SAN ANGELO TX 769023330 752432886 501(C)(3) 11000 0 N/A N/A SUPPORT ON-GOING WORK OF TEXAS BAPTISTS. WACO MAMMOTH FOUNDATION PO BOX 326 WACO TX 76703 201161717 501(C)(3) 141000 0 N/A N/A ASSIST WITH CONSTRUCTION AND DEVELOPMENT OF PUBLIC PARK WITH EDUCATIONAL FOCUS. BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION PO BOX 97296 WACO TX 76798 742674611 501(C)(3) 210388 0 N/A N/A ASSIST WITH PROGRAMMING AND PRODUCTION COSTS FOR RADIO AND TELEVISION. COMMUNITIES IN SCHOOLS OF THE HEART OF TEXAS 425 AUSTIN AVE SUITE 1500 WACO TX 76701 742563411 501(C)(3) 221010 0 N/A N/A SOCIAL WORK SERVICES/TUTORING. TEXAS STATE TECHNICAL COLLEGE 3801 CAMPUS DRIVE WACO TX 76705 741646989 115 251016 0 N/A N/A CONDUCT STUDENT ACTIVITIES/CAMPS. ACADEMY FOR EDUCATIONAL DEVELOPMENT REF 3731 PO BOX 409272 ATLANTA GA 303849272 136110212 501(C)(3) 176700 0 N/A N/A DATA PROCESSING/EVALUATION. GALLUP 1001 GALLUP DRIVE OMAHA NE 68102 210699771 N/A 150000 0 N/A N/A CONDUCT SURVEYS. TEXAS AGRILIFE RESEARCH 2147 TAMU COLLEGE STATION TX 77843 746000531 115 90226 0 N/A N/A WATER SAMPLING AND ENVIRONMENTAL IMPACT ANALYSIS. OKLAHOMA STATE UNIVERSITY PO BOX 645 STILLWATER OK 74076 736017987 115 26879 0 N/A N/A ANIMAL TISSUE ANALYSIS AND ASSESSMENT AND STATISTICAL MODELING OF DATA. UNIVERSITY OF NORTH TEXAS PO BOX 305250 DENTON TX 762035250 756002149 115 12370 0 N/A N/A PRODUCE GEOGRAPHIC INFORMATION SYSTEM MAPS. REGENTS OF THE UNIVERSITY OF CALIFORNIA SAASB BLDG ROOM 1212 SANTA BARBARA CA 931062003 956006145 501(C)(3) 10959 0 N/A N/A DATA ASSESSMENT OF CLIMATE RELATED STRESS/CRISIS. UNIVERSITY OF TEXAS AT ARLINGTON PO BOX 19136 ARLINGTON TX 76019 756000121 115 26841 0 N/A N/A WATER SAMPLING ANALYSIS. UNIVERSITY OF GEORGIA RESEARCH FOUNDATION BOYD GRADUATE STUDIES RESEARCH CENT ATHENS GA 306027411 581353149 501(C)(3) 64428 0 N/A N/A CONDUCT FERMENTATION AND MICROBIAL GROWTH ASSAYS. UNIVERSITY OF MAINE 5717 CORBETT HALL ORONO ME 044695717 016000769 115 25201 0 N/A N/A CONDUCT SURVEYS. NATIONAL OPINION RESEARCH CENTER 55 E MONROE STREET ROOM 2004 CHICAGO IL 60603 362167808 501(C)(3) 23073 0 N/A N/A CONDUCT SURVEYS. LEVICK STRATEGIC COMMUNICATIONS 1900 M STREET NW - 4TH FLOOR WASHINGTON DC 20036 522078891 N/A 19016 0 N/A N/A DEVELOP COMMUNICATIONS AND BRANDING STRATEGY. 16 3 SPONSORED RESEARCH SUBCONTRACT GRANT FOR PERFORMANCE OF A SERVICE. 1 10000 0 N/A N/A DONATION TO TRUST FUND ESTABLISHED TO ASSIST FORMER INJURED ATHLETE. 1 10000 0 N/A N/A SCHOLARSHIPS AND FELLOWSHIPS 12379 153447392 1166278 FAIR MARKET VALUE BOOKS AND ON-CAMPUS HOUSING. Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE UNITED STATES: SCHOLARSHIPS AND FELLOWSHIPS THAT ARE AWARDED TO STUDENTS ARE PAID THROUGH THE STUDENTS' ACCOUNTS AND ARE ADMINISTERED BASED UPON MERIT AND/OR NEED. BAYLOR'S FINANCIAL AID OFFICE REVIEWS THE STUDENTS' CUMULATIVE GRADE POINT AVERAGES EVERY YEAR AND AWARDS/REVIEWS ACADEMIC SCHOLARSHIPS AND FELLOWSHIPS IF THE REQUIRED GRADE POINT AVERAGE LEVEL IS SATISFIED. SCHOLARSHIPS FOR FINANCIAL NEED ARE AWARDED ANNUALLY BASED UPON WHETHER THE NEED CRITERION/LEVEL IS ESTABLISHED OR MAINTAINED PER THE COMPLETED APPLICATION FOR FEDERAL STUDENT AID. THE SCHOLARSHIP AWARDS CANNOT EXCEED THE COST OF A STUDENT TO ATTEND THE UNIVERSITY. GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE UNITED STATES: THE UNIVERSITY ENTERS INTO A CONTRACT WITH THE GRANT RECIPIENT THAT DESCRIBES THE RECIPIENT'S RESPONSIBILITIES FOR THE USE OF THE GRANT FUNDS. UNDER THE TERMS OF THE CONTRACT, RECIPIENTS ARE REQUIRED TO SUBMIT QUARTERLY AND FINAL WRITTEN PROGRESS REPORTS TO THE PRINCIPAL INVESTIGATOR ("PI") OR PROJECT DIRECTOR FOR THE GRANT, AND FUNDS ARE PAID TO THE RECIPIENT ON A COST REIMBURSABLE BASIS. WHEN THE GRANT RECIPIENT SUBMITS AN INVOICE FOR REIMBURSEMENT, THE PI REVIEWS THE INVOICE TO ENSURE THE EXPENDITURES ARE CONSISTENT WITH THE ESTABLISHED BUDGET AND WITH THE WORK COMPLETED TO DATE, PRIOR TO APPROVING THE AMOUNT FOR PAYMENT. GRANT RECIPIENTS SUBJECT TO THE U.S. OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-133 AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS ARE ALSO REQUIRED TO PROVIDE CERTIFICATION OF THEIR COMPLIANCE WITH THE FINANCIAL AUDIT REQUIREMENTS OF THOSE GUIDELINES PRIOR TO RECEIVING FUNDS. THEREAFTER, THE UNIVERSITY REQUIRES AN ANNUAL CERTIFICATION OF CONTINUING COMPLIANCE AND A COPY OF THEIR MOST RECENT AUDIT REPORT. IF ANY THE ABOVE PROCESSES INDICATE AN AREA OF CONCERN, SITE VISITS MAY BE CONDUCTED BY THE UNIVERSITY TO REVIEW THE PROGRAMMATIC AND/OR FINANCIAL RECORDS. X X X X X false true X X X X X false false false true false false false true true true TRUELL HYDE 190962 0 0 0 58 0 18647 0 10725 0 220392 0 0 0 KARLA LEEPER 160446 0 0 0 853 0 16968 0 12048 0 190315 0 0 0 JUAN ALEJANDRO 138848 0 0 0 15908 0 14252 0 47973 0 216981 0 0 0 VAN GRAY 163723 0 0 0 0 0 14461 0 12902 0 191086 0 0 0 MICHAEL MORRISON 203844 0 0 0 854 0 22486 0 12695 0 239879 0 0 0 TOMMYE LOU DAVIS 120502 0 0 0 918 0 13503 0 12631 0 147554 0 0 0 NORMAN LOFGREN 162649 0 0 0 542 0 17422 0 15868 0 196481 0 0 0 DAVID JEFFREY 160377 0 0 0 0 0 17620 0 18642 0 196639 0 0 0 BRIAN NORWOOD 315125 0 0 0 4539 0 26460 0 13409 0 359533 0 0 0 STEPHEN SMITH 252326 0 30293 0 18252 0 25470 0 16918 0 343259 0 0 0 SCOTT DREW 1601404 0 66000 0 52929 0 26460 0 13621 0 1760414 0 0 0 KIM MULKEY 1035740 0 72500 0 17302 0 26460 0 12693 0 1164695 0 0 0 ARTHUR BRILES 1497103 0 0 0 12828 0 26460 0 13005 0 1549396 0 0 0 IAN MCCAW 344395 0 31250 0 7720 0 26460 0 13624 0 423449 0 0 0 CHARLES WALL 184950 0 100685 0 0 0 20970 0 12377 0 318982 0 0 0 KENT MUCKEL 150615 0 0 0 2180 0 16717 0 9768 0 179280 0 0 0 LEE NORDT 199854 0 0 0 81 0 22100 0 27375 0 249410 0 0 0 BOB C SPENCE 184534 0 0 0 1155 0 20908 0 17355 0 223952 0 0 0 PATTIE ORR 219489 0 0 0 821 0 24044 0 18283 0 262637 0 0 0 DENNIS PRESCOTT 298091 0 0 0 4722 0 26460 0 16877 0 346150 0 0 0 REAGAN RAMSOWER 268843 0 0 0 1331 0 26460 0 12818 0 309452 0 0 0 JOHN BARRY 217924 0 0 0 9275 0 20985 0 29143 0 277327 0 0 0 CHARLES BECKENHAUER 231359 0 0 0 892 0 24700 0 12799 0 269750 0 0 0 ELIZABETH DAVIS 240913 0 0 0 90 0 20067 0 952 0 262022 0 0 0 DAVID GARLAND 267708 0 0 0 3999 0 38037 0 36913 0 346657 0 0 0 First-class or charter travel Schedule J, Part I, Line 1a FIRST CLASS OR CHARTER TRAVEL - A FEW BAYLOR REGENTS AND OFFICERS OCCASIONALLY TRAVELED ON A CHARTER FLIGHT PROVIDED FOR ATHLETIC DEPARTMENT TEAM TRAVEL TO ENGAGE IN DONOR DEVELOPMENT EFFORTS AND EVENT OVERSIGHT ON BEHALF OF THE UNIVERSITY. ADDITIONALLY, THE BAYLOR PLANE OR A CHARTER FLIGHT WAS OCCASIONALLY USED TO TRANSPORT A REGENT TO A BOARD MEETING OR TO PERFORM A UNIVERSITY BUSINESS FUNCTION. OFFICERS OF THE UNIVERSITY USED THE BAYLOR PLANE OR CHARTER FLIGHT TO CONDUCT UNIVERSITY BUSINESS, SUCH AS TO ATTEND MEETINGS, CONFERENCES, OR FUNDRAISING EVENTS. CERTAIN HIGHLY COMPENSATED EMPLOYEES TRAVELED ON CHARTER FLIGHTS WITH THEIR RESPECTIVE ATHLETIC TEAMS TO ATTEND ATHLETIC EVENTS. OCCASIONALLY, THE UNIVERSITY PLANE WAS USED BY A HIGHLY COMPENSATED EMPLOYEE FOR STUDENT ATHLETIC RECRUITING PURPOSES OR TO ATTEND A MEDIA EVENT. FORMER KEY EMPLOYEE MICHAEL MORRISON, WHO NOW SERVES AS DIRECTOR OF THE CENTER FOR INTERNATIONAL EDUCATION, TRAVELED FIRST-CLASS WHEN TRAVELING OUT OF THE COUNTRY TO CONDUCT UNIVERSITY BUSINESS. FLIGHTS WERE REVIEWED BY THE UNIVERSITY AND ANY PART OF A FLIGHT THAT WAS NOT BUSINESS RELATED WAS REPORTED AS TAXABLE COMPENSATION. Travel for companions Schedule J, Part I, Line 1a TRAVEL FOR COMPANIONS - OCCASIONALLY, A GUEST OR FAMILY MEMBER OF A LISTED PERSON WAS PROVIDED TRAVEL. THESE TRIPS WERE REVIEWED BY THE UNIVERSITY, AND THE VALUE OF SUCH TRAVEL WAS REPORTED AS TAXABLE COMPENSATION TO THE LISTED PERSON IF NO BONA FIDE BUSINESS PURPOSE EXISTED FOR THE COMPANION TRAVEL. Tax indemnification and gross-up payments Schedule J, Part I, Line 1a TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - JOHN BARRY AND SCOTT DREW RECEIVED GROSS-UP PAYMENTS PER EMPLOYMENT CONTRACTUAL ARRANGEMENTS. THE FULL AMOUNT WAS REPORTED AS TAXABLE INCOME INCLUDING THE TAX ON THE GROSS-UP PAYMENT. Housing allowance or residence for personal use Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - STEPHEN SMITH, HEAD BASEBALL COACH, RECEIVED A HOUSING ALLOWANCE AS PART OF HIS COMPENSATION - THE HOUSING ALLOWANCE WAS REPORTED AS TAXABLE COMPENSATION. DR. DAVID GARLAND RECEIVED A MINISTER'S HOUSING ALLOWANCE WHICH WAS ASSOCIATED WITH THE PROVISION OF SERVICES RELATED TO MINISTERIAL DUTIES AND THUS APPROPRIATELY NOT REPORTED AS TAXABLE COMPENSATION. Health or social club dues or initiation fees Schedule J, Part I, Line 1a SOCIAL CLUB DUES OR INITIATION FEES - CERTAIN OFFICERS AND HIGHLY COMPENSATED EMPLOYEES WERE PROVIDED COUNTRY CLUB MEMBERSHIPS IN ONE OR TWO LOCAL CLUBS. CLUB MEMBERSHIPS WERE REPORTED AS TAXABLE COMPENSATION EXCEPT FOR THAT PORTION OF USAGE THAT WAS FOR BUSINESS PURPOSES. THE EMPLOYEES REPORT ANY BUSINESS USAGE OF THE CLUBS ON A MONTHLY BASIS. WACO EDUCATION FINANCE CORPORATION 020603383 929833AP6 2008-04-08 271184519 REFUNDING OF PRIOR ISSUES 05/23/2002 AND 05/17/2006. false false 271184519 0 0 0 1115059 3665000 0 true false true true false false true true true 0.0215 0.000 0.0215 true false true true WOODLANDS COMMERCIAL BANK 7.9 false false true NOT REQUIRED MERIT SCHOLARSHIPS 35750 NOT REQUIRED NEED-BASED SCHOLARSHIPS 10180 NOT REQUIRED ATHLETIC SCHOLARSHIPS 27244 DIANA GARLAND SPOUSE OF OFFICER DAVID GARLAND 143873 EMPLOYMENT false CHARLES DAVIS SPOUSE OF OFFICER ELIZABETH DAVIS. 173995 EMPLOYMENT false RUTH PRESCOTT SPOUSE OF OFFICER DENNIS PRESCOTT. 162319 EMPLOYMENT false GREG HAMERLY SON-IN-LAW OF OFFICER PATTIE ORR. 137379 EMPLOYMENT false IVY HAMERLY DAUGHTER OF OFFICER PATTIE ORR. 53786 EMPLOYMENT false SMITH GETTERMAN GRANDSON OF REGENT SUE HOLT GETTERMAN. 22950 EMPLOYMENT false BAILEY INS AND RISK MANAGEMENT ENTITY MORE THAN 35% OWNED BY REGENT WES BAILEY. 195000 INDEPENDENT CONTRACTOR false LCM RENTALS INC ENTITY MORE THAN 35% OWNED BY REGENT STEPHEN CARMACK. 1482067 SALE OF REAL PROPERTY. false STEPHEN CARMACK REGENT 6020 RENTAL OF REAL PROPERTY WHICH WAS PART OF NEGOTIATED PRICE FOR PURCHASE OF REAL PROPERTY FROM LCM RENTALS, INC. false X 5 3242 SELLING COST X 24879 OPINIONS OF EXPERTS AND SELLING COST X 30 2890909 AVERAGE OF HIGH AND LOW ON DAY DONATED X 2 310500 OPINIONS OF EXPERTS AND FAIR MARKET VALUE X 4 687967 OPINIONS OF EXPERTS AND FAIR MARKET VALUE X 1 1 N/A X 2 40 COST X MINERAL RIGHTS 2 2 N/A X CARCASS 1 2000 SELLING COST X FURNITURE AND EQUIPMENT 5 24946 COST X FIXTURE 1 40877 COST X HORSES 6 65004 OPINIONS OF EXPERTS X PIANO 1 2500 OPINIONS OF EXPERTS X FUNDRAISING ITEMS 4 468 COST 6 false true true Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32a FOR NONCASH GIFTS, AT CERTAIN TIMES A STANDARD REAL ESTATE CONTRACT IS EXECUTED FOR THE PROPERTY TO BE LISTED AND SOLD. FOR STOCK GIFTS, THIRD PARTY BROKERS ARE USED TO TRADE THE STOCK. SUCH ARRANGEMENTS ARE BASED ON VARYING CENTS-PER-SHARE AND REQUIRE BAYLOR APPROVAL BEFORE A TRADE CAN BE CONDUCTED. THE MAJORITY OF TRADES ARE EXECUTED BY A "MARKET ORDER". Explanation of revenues not reported Schedule M, Part I, Line 33 ITEMS LISTED WITH A $1.00 VALUE - DONOR DID NOT PROVIDE THE UNIVERSITY WITH AN APPRAISAL, AND THE UNIVERSITY DID NOT HAVE OTHER KNOWLEDGE OF THE VALUATION OF THESE ITEMS. FOR THIS REASON, THE UNIVERSITY DID NOT SHOW INCOMING REVENUE FOR THESE DONATIONS OTHER THAN $1.00, WHICH REPRESENTS RECEIPT OF THE ITEMS. NUMBER OF CONTRIBUTIONS PART I, COLUMN (B) BAYLOR REPORTED THE RECEIPT OF THESE NONCASH CONTRIBUTIONS BASED ON THE NUMBER OF CONTRIBUTIONS WHICH AT TIMES ALSO EQUALS THE NUMBER OF ITEMS RECEIVED. Description of other program services Form 990, Part III, Line 4d OTHER - OTHER EXPENSES CONTAINED HEREIN ARE COMPRISED OF THE FOLLOWING: AUXILIARY ENTERPRISES, RESEARCH, AND PUBLIC SERVICES. BAYLOR UNIVERSITY ENGAGES IN RESEARCH WORK SPONSORED BY NUMEROUS FEDERAL, STATE AND LOCAL AGENCIES. ADDITIONALLY, BAYLOR PROVIDES NON-INSTRUCTIONAL SERVICES THAT BENEFIT INDIVIDUALS AND GROUPS EXTERNAL TO BAYLOR. AUXILIARY ENTERPRISES ARE COMPRISED GENERALLY OF THE FOLLOWING ITEMS: RESIDENCE HALLS, DINING SERVICES, BOOKSTORE, AND VENDING SERVICES. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a THE BAPTIST GENERAL CONVENTION OF TEXAS, A NONPROFIT TEXAS CORPORATION, HAS THE AUTHORITY TO ELECT ONE QUARTER OF THE MEMBERS OF BAYLOR UNIVERSITY'S BOARD OF DIRECTORS. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b BAYLOR UNIVERSITY'S BOARD OF REGENTS MAY BE REQUIRED TO OBTAIN APPROVAL FROM THE BAPTIST GENERAL CONVENTION OF TEXAS REGARDING CERTAIN CHANGES TO ITS GOVERNING DOCUMENTS WHICH ADDRESS BOARD COMPOSITION. Monitoring compliance of local unit's activities Form 990, Part VI, Section B, Line 10b ONE OF THE DISREGARDED ENTITIES WAS FORMED FOR THE SPECIFIC PURPOSE OF HOLDING PROPERTY FOR A SHORT DURATION. ENTITY PERFORMED NO OTHER FUNCTION AND ENGAGED IN NO OTHER BUSINESS DURING THE TAX YEAR. THE OTHER FOUR DISREGARDED ENTITIES ARE GRANTOR TYPE TRUSTS, IN WHICH ONE OF THE TRUST'S SOLE PURPOSE IS TO ACQUIRE PROPERTIES FOR THE UNIVERSITY, TWO TRUSTS PROVIDE SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY, AND THE FOURTH TRUST IS AN INVESTMENT VEHICLE IN WHICH BAYLOR HAS A VERY SMALL INTEREST. BECAUSE OF THE LIMITED ROLE OF THESE ENTITIES, BAYLOR DID NOT DEVELOP ANY WRITTEN POLICIES AND PROCEDURES GOVERNING THE ACTIVITIES OF THESE ENTITIES. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A THE RETURN WAS REVIEWED BY THE UNIVERSITY'S OUTSIDE TAX ACCOUNTANTS. ADDITIONALLY, A COPY OF THE FORM 990 WAS DISTRIBUTED TO ALL REGENTS AND A REVIEW OF THE FORM 990 WAS PERFORMED BY THE REGENT AUDIT COMMITTEE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE ASSOCIATE VICE PRESIDENT FOR FINANCIAL SERVICES AND TREASURER, THE DIRECTOR OF TAX AND COMPLIANCE ACCOUNTING, AND THE DIRECTOR OF INTERNAL AUDIT REVIEWED, DISCUSSED, AND ANSWERED QUESTIONS REGARDING THE FORM 990 AND ATTACHED SCHEDULES WITH THE REGENT AUDIT COMMITTEE. THE REVIEW WAS CONDUCTED AND A COPY OF THE RETURN AS FILED WAS PROVIDED TO ALL REGENTS PRIOR TO THE FILING OF THE FORM 990. Conflict of interest policy Form 990, Part VI, Section B, Line 12c BAYLOR UNIVERSITY MAINTAINS THREE SEPARATE CONFLICT OF INTEREST POLICIES APPLICABLE TO THE FOLLOWING GROUPS: (1) REGENTS; (2) OFFICERS, ADMINISTRATIVE EMPLOYEES AND OTHER EMPLOYEES; AND (3) FACULTY. EACH GROUP IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. REGENTS: THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS REVIEWS ALL COMPLETED REGENT CONFLICT DISCLOSURE FORMS AND CONSULTS WITH THE PRESIDENT, VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, GENERAL COUNSEL, AND OTHER UNIVERSITY ADMINISTRATORS, IF NECESSARY. A FINAL REPORT IS PREPARED FOR REVIEW BY THE REGENT AUDIT COMMITTEE. A REGENT IS NOT ALLOWED TO BE INVOLVED IN DISCUSSIONS, NOR VOTE ON RELATED MATTERS, SHOULD A CONFLICT OF INTEREST EXIST. OFFICERS, ADMINISTRATIVE EMPLOYEES AND OTHER EMPLOYEES: THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS REVIEWS ALL COMPLETED CONFLICT DISCLOSURE FORMS AND CONSULTS WITH THE PRESIDENT, GENERAL COUNSEL, VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES, AND OTHER UNIVERSITY ADMINISTRATORS, IF NECESSARY. A FINAL REPORT OF ALL POTENTIAL CONFLICTS INCLUDING THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS' OPINION AS TO WHETHER A CONFLICT OF INTEREST EXISTS IS PROVIDED TO THE PRESIDENT AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. SHOULD THE DIRECTOR AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION DIFFER IN OPINION AS TO WHETHER A CONFLICT OF INTEREST EXISTS, THEN A FINAL DECISION IS MADE BY THE PRESIDENT. HOWEVER, FOR POTENTIAL CONFLICTS REPORTED BY THE PRESIDENT AND HIS DIRECT REPORTS, THE REGENT AUDIT COMMITTEE WILL REVIEW THOSE MATTERS AND MAKE THE FINAL DECISION. A FINAL REPORT OF ALL POTENTIAL CONFLICTS INCLUDING THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS' OPINION AS TO WHETHER A CONFLICT EXISTS IS PROVIDED TO THE REGENT AUDIT COMMITTEE. FACULTY: THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS AND PROVOST REVIEW ALL COMPLETED CONFLICT DISCLOSURE FORMS AND CONSULT WITH THE PRESIDENT, GENERAL COUNSEL, ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES, AND OTHER UNIVERSITY ADMINISTRATORS , IF NECESSARY. SHOULD THE DIRECTOR AND THE PROVOST DIFFER IN OPINION AS TO WHETHER A CONFLICT OF INTEREST EXISTS, THEN A FINAL DECISION IS MADE BY THE PRESIDENT. A FINAL REPORT OF ALL POTENTIAL CONFLICTS INCLUDING THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS' OPINION AS TO WHETHER A CONFLICT EXISTS IS PROVIDED TO THE REGENT AUDIT COMMITTEE. FACULTY AND STAFF ARE RESTRICTED FROM PARTICIPATING IN THE DECISION-MAKING PROCESS FOR THOSE TRANSACTIONS THAT INVOLVE THE ACQUISITION OF GOODS OR SERVICES SHOULD A CONFLICT OF INTEREST EXIST. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE BAYLOR UNIVERSITY BOARD OF REGENTS. THE REGENTS OBTAIN AND REVIEW APPROPRIATE COMPARABLE COMPENSATION DATA PRIOR TO APPROVING COMPENSATION ARRANGEMENTS. THE REGENTS DOCUMENT THE BASIS OF THEIR DETERMINATIONS AND ACTIONS CONCURRENTLY WITH MAKING THE DETERMINATION. THIS DOCUMENTATION INCLUDES THE TERMS OF EACH TRANSACTION, THE DATE OF APPROVAL, THE NAMES OF REGENTS PRESENT DURING THE REVIEW AND VOTE ON THE TRANSACTION, THE COMPARABILITY DATA RELIED UPON AND THE BASIS FOR THE DETERMINATION. ALL OFFICERS AND KEY EMPLOYEES THAT ARE INCLUDED IN PART VII, SECTION A WERE REVIEWED UNDER THIS PROCESS IN 2010. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE BAYLOR UNIVERSITY BOARD OF REGENTS. THE REGENTS OBTAIN AND REVIEW APPROPRIATE COMPARABLE COMPENSATION DATA PRIOR TO APPROVING COMPENSATION ARRANGEMENTS. THE REGENTS DOCUMENT THE BASIS OF THEIR DETERMINATIONS AND ACTIONS CONCURRENTLY WITH MAKING THE DETERMINATION. THIS DOCUMENTATION INCLUDES THE TERMS OF EACH TRANSACTION, THE DATE OF APPROVAL, THE NAMES OF REGENTS PRESENT DURING THE REVIEW AND VOTE ON THE TRANSACTION, THE COMPARABILITY DATA RELIED UPON AND THE BASIS FOR THE DETERMINATION. ALL OFFICERS AND KEY EMPLOYEES THAT ARE INCLUDED IN PART VII, SECTION A WERE REVIEWED UNDER THIS PROCESS IN 2010. Public Disclosure Form 990, Part VI, Section C, Line 19 BAYLOR'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICIES FOR FACULTY AND OFFICERS, ADMINISTRATIVE EMPLOYEES, AND OTHER EMPLOYEES ARE POSTED ON BAYLOR'S WEBSITE. THE UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY FOR REGENTS ARE NOT AVAILABLE TO THE PUBLIC. Financial aid or assistance from a governmental agency Schedule E, Line 6a THE UNIVERSITY IS A PARTICIPANT IN THE STUDENT FINANCIAL AID PROGRAMS SUCH AS THE FEDERAL PERKINS LOAN, FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL GEAR UP, FEDERAL WORK STUDY, TEXAS EQUALIZATION GRANT, TEXAS GRANT, AND LEVERAGING EDUCATIONAL ASSISTANCE PROGRAMS AND RECEIVES FEDERAL AND STATE FUNDING FOR RESEARCH GRANTS AND CONTRACTS. Fundraiser Custody or Control Schedule G, Part I, Line 2b N/A AMOUNT PAID TO FUNDRAISER SCHEDULE G PART I, LINE 2B(V) THE CONTRACT BETWEEN BENTZ WHALEY FLESSNER AND BAYLOR UNIVERSITY STATES THAT OUT-OF-POCKET EXPENSES INCURRED IN PERFORMING SERVICES WILL BE BILLED IN ADDITION TO THE PROFESSIONAL FEES AND WILL INCLUDE TRAVEL COSTS, LONG-DISTANCE TELEPHONE CHARGES, ADMINISTRATIVE SUPPORT, PHOTOCOPYING, POSTAGE, ETC. EACH INVOICE RECEIVED BY BAYLOR UNIVERSITY BREAKS OUT THESE INCURRED OUT-OF-POCKET EXPENSES FROM THE PROFESSIONAL FEES, AND IT WAS FROM SUCH INVOICES THAT BAYLOR UNIVERSITY PULLED THE NUMBERS REPORTED HEREIN. THE TOTAL OF SUCH OUT-OF-POCKET FEES PULLED FROM SUCH INVOICES WAS $4,656. WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14 THE UNIVERSITY ADHERES TO ALL LAWS AND REGULATIONS REGARDING THE RETENTION AND DESTRUCTION OF DOCUMENTS. SEVERAL DEPARTMENTS WITHIN THE UNIVERSITY, INCLUDING FINANCIAL SERVICES, MAINTAIN AN INTERNAL WRITTEN POLICY ADDRESSING DOCUMENT RETENTION AND DESTRUCTION, BUT BAYLOR DOES NOT HAVE A UNIVERSITY WIDE DOCUMENT RETENTION AND DESTRUCTION POLICY. SCHEDULE K, PART II 5. ISSUANCE COSTS - $1,042,515. CREDIT ENHANCEMENT FEES - $72,544. 6. AMOUNT REPORTED IS SWAP TERMINATION FEES. 8. BAYLOR'S UNDERSTANDING IS THAT LINE 8 IS TO REPORT NEW MONEY PROJECTS, NOT AMOUNTS FOR A REFUNDING. JOINT VENTURE POLICY OR PROCEDURE PART VI, SECTION B, LINE 16B BAYLOR UNIVERSITY HAS NOT FORMALLY ADOPTED A WRITTEN POLICY OR WRITTEN PROCEDURE REGARDING JOINT VENTURES. THE JOINT VENTURE INVESTMENT THAT HAS TRIGGERED THE "YES" RESPONSE TO PART VI, QUESTION 16A, WAS GIFTED TO BAYLOR BY A BENEFACTOR, AND PRODUCES AN IMMATERIAL AMOUNT OF INCOME TO THE UNIVERSITY. IN GENERAL, BAYLOR WILL NOT ENTER INTO A JOINT VENTURE OR INVESTMENT AGREEMENT UNLESS (1) THE UNIVERSITY AT ALL TIMES RETAINS CONTROL OVER THE VENTURE SUFFICIENT TO ENSURE THAT THE PARTNERSHIP FURTHERS THE EXEMPT PURPOSE OF THE UNIVERSITY; (2) IN ANY PARTNERSHIP IN WHICH THE UNIVERSITY IS A PARTNER, ACHIEVEMENT OF EXEMPT PURPOSES IS PRIORITIZED OVER MAXIMIZATION OF PROFITS FOR THE PARTNERS; (3) THE PARTNERSHIP DOES NOT ENGAGE IN ANY ACTIVITIES THAT WOULD JEOPARDIZE THE UNIVERSITY'S EXEMPTION; AND (4) ALL CONTRACTS ENTERED INTO BY THE PARTNERSHIP WITH THE UNIVERSITY MUST BE AT ARM'S-LENGTH, WITH PRICES SET AT FAIR MARKET VALUE. Written policy regarding payment or reimbursement of expenses Schedule J, Part I, Line 1b THE UNIVERSITY HAS A WRITTEN POLICY FOR THE FOLLOWING BENEFITS: FIRST-CLASS TRAVEL AND CHARTER TRAVEL, TRAVEL FOR COMPANIONS, AND CLUB MEMBERSHIPS. THE CHARTER TRAVEL POLICY ADDRESSES USAGE OF THE BAYLOR-OWNED PLANE. OTHER CHARTER TRAVEL USED BY THE ATHLETIC DEPARTMENT FOR TEAM TRAVEL IS BASED UPON THE NEED OF THE SPORT. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS REQUIRE BOARD OF REGENTS APPROVAL. THE HOUSING ALLOWANCE IS BASED UPON THE CONTRACTUAL ARRANGEMENT WITH THE PARTICULAR EMPLOYEE AND IS INCLUDED AS PART OF COMPENSATION. Compensation contingent on revenues of the organization Schedule J, Part I, Line 5a HEAD BASEBALL COACH RECEIVES A PERCENTAGE OF THE GROSS TICKET SALES FOR HOME BASEBALL GAMES, UNDER AN EMPLOYMENT CONTRACTUAL ARRANGEMENT RUNNING THROUGH 2011. Non-fixed payments Schedule J, Part I, Line 7 THE INTERIM CHIEF INVESTMENT OFFICER RECEIVED A BONUS, CALCULATED AS A PERCENTAGE OF HIS BASE PAY, AND IT WAS BASED UPON THE PERFORMANCE OF BAYLOR'S LONG TERM INVESTMENT FUND. Payments on contract that is subject to the initial contract exception Schedule J, Part I, Line 8 FIXED PAYMENTS ASSOCIATED WITH THE CONTRACTS ENTERED INTO WITH KEVIN JACKSON, JOHN BARRY, AND DENNIS PRESCOTT ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. KEVIN JACKSON, JOHN BARRY, AND DENNIS PRESCOTT WERE NOT DISQUALIFIED PERSONS IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACTS. 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