2026-05-15T09:36:08-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 750859668 WAYLAND BAPTIST UNIVERSITY WAYL 8062913441 1900 W 7TH STREET CMB 1262 PLAINVIEW TX 79072 PAUL EDWARDS CFO 8062913441 2026-05-15 1 0 DAREN DAIGA P01074795 5055022746 2026-05-15 2024 2025-03-06 01:10:19Z DR DONNA HEDGEPATH 1900 W 7TH STREET CMB 1262 PLAINVIEW TX 79072 64516290 0 X WWW.WBU.EDU X 1908 TX TO EDUCATE STUDENTS IN A CHALLENGING, FOCUSED & DISTINCTIVELY CHRISTIAN ENVIRONMENT. 29 28 1011 75 0 0 11203650 10128183 42259090 44317554 1560916 980966 5556707 4034709 60580363 59461412 11459073 10542807 0 0 27253943 28500954 0 0 770320 23990302 27955903 62703318 66999664 -2122955 -7538252 203330026 216007922 48501422 54439289 154828604 161568633 WAYLAND BAPTIST UNIVERSITY EXISTS TO EDUCATE STUDENTS IN AN ACADEMICALLY CHALLENGING, LEARNING FOCUSED AND DISTINCTIVELY CHRISTIAN ENVIRONMENT FOR PROFESSIONAL SUCCESS AND SERVICE TO GOD AND HUMANKIND. 0 0 55687592 10542807 44317554 AN ACCREDITED UNIVERSITY, PROVIDING ACADEMIC PROGRAMS AND STUDENT SERVICES ACROSS EIGHT SCHOOLS, EIGHT EXTERNAL CAMPUSES, AND THROUGH WBU ONLINE. INTERCOLLEGIATE ATHLETICS AND RESIDENTIAL SERVICES ARE ALSO OFFERED AT THE MAIN CAMPUS IN PLAINVIEW, TEXAS. 55687592 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1613 0 1 1011 1 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 X 29 28 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 1 1 0 0 0 X PAUL EDWARDS 8062913441 1900 W 7TH STREET CMB 1262 PLAINVIEW TX 79072 MR TYLER TOPPER VICE CHAIR/BOARD CHAIR 1.00 X X 0 0 0 MAJ GEN MICHAEL FORTNEY BOARD SECRETARY/VICE CHAIR 1.00 X X 0 0 0 MRS CAROLE HARBISON TRUSTEE/BOARD SECRETARY 1.00 X X 0 0 0 MR MARK A JONES BOARD CHAIR/TRUSTEE 1.00 X X 0 0 0 MR SHERMAN ATEN TRUSTEE 1.00 X 0 0 0 MRS FRANCES BARRERA TRUSTEE 1.00 X 0 0 0 MR JOE BERRY TRUSTEE 1.00 X 0 0 0 MR MONTY BIGGS TRUSTEE 1.00 X 0 0 0 MR JASON BLACKLOCK TRUSTEE 1.00 X 0 0 0 MR AARON BORDEN TRUSTEE 1.00 X 0 0 0 MR RICK BREEDEN TRUSTEE 1.00 X 0 0 0 MRS SALLY EAVES TRUSTEE 1.00 X 0 0 0 MR DAVID FOOTE TRUSTEE 1.00 X 0 0 0 MRS JOLENE GARY TRUSTEE 1.00 X 0 0 0 MRS MARTHA ANN HAMMOND TRUSTEE 1.00 X 0 0 0 MR TIM HARDAGE TRUSTEE 1.00 X 0 0 0 MR RANDY KAUFMAN TRUSTEE 1.00 X 0 0 0 MR MARC MCDOUGAL TRUSTEE 1.00 X 0 0 0 MR KEITH SKAAR TRUSTEE 1.00 X 0 0 0 REV KYLE STREUN TRUSTEE 1.00 X 0 0 0 MR JASON THOMPSON TRUSTEE 1.00 X 0 0 0 MR RODNEY WALLACE TRUSTEE 1.00 X 0 0 0 MR DAVID WOOD TRUSTEE 1.00 X 0 0 0 MRS SHARON WRIGHT TRUSTEE 1.00 X 0 0 0 MRS BRENDA ANDERSON TRUSTEE 1.00 X 0 0 0 DR LES GRIFFIN TRUSTEE 1.00 X 0 0 0 MRS BETH LAWSON TRUSTEE 1.00 X 0 0 0 MS EMILY MERCADO TRUSTEE 1.00 X 0 0 0 MR NOE VALLES TRUSTEE 1.00 X 0 0 0 MR JIMMY THOMAS TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR JOE MCFERRIN TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR ROSS OWEN TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR TONY RICKETTS TRUSTEE (PART YEAR) 1.00 X 0 0 0 REV LANCE WOOD TRUSTEE (PART YEAR) 1.00 X 0 0 0 DR DONNA HEDGEPATH UNIVERSITY PRESIDENT 40.00 X 194260 0 12824 MR MIKE HAMMACK VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 137022 0 14853 DR CINDY MCCLENAGAN VP OF ACADEMIC AFFAIRS 40.00 X 104914 0 40938 DR DAVID BISHOP VP OF EXTERNAL CAMPUSES 40.00 X 108128 0 34618 DR DANIEL BROWN VP OF ENROLLMENT MGMT 40.00 X 98444 0 38113 MR SHAWN THOMAS INTERIM VP OF OPERATIONS AND STUDENT LIFE 40.00 X 81056 0 18852 MR PAUL EDWARDS VP FINANCE & ADMINISTRATION/CFO 40.00 X 0 0 0 DR RICHARD M BELL ASSISTANT PROFESSOR OF MANAGEMENT 40.00 X 103533 0 43469 DR HENRIQUE REGINA EXEC. DIR./CAMPUS DEAN HAWAII 40.00 X 117635 0 23537 DR REBEKAH GRIGSBY DEAN OF THE SCHOOL OF NURSING 40.00 X 119529 0 18100 DR SAMANTHA MURRAY PROFESSOR OF MANAGEMENT 40.00 X 134306 0 2990 DR JANET S JONES PROFESSOR OF MANAGEMENT 40.00 X 136133 0 375 DR BOBBY HALL FORMER UNIVERSITY PRESIDENT 40.00 X 255540 0 2103 DR CLAUDE LUSK FORMER SR. VP OF OP & STUDENT LIFE 40.00 X 142301 0 19162 1732801 0 269934 15 1 1 0 SANDIA CONSTRUCTION INC PO BOX 53720 LUBBOCK TX 79453 CONSTRUCTION SERVICES 5484029 SODEXO INC PO BOX 536922 ATLANTA GA 30353 FOOD SERVICES 2931192 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 2750068 VERBA SOFTWARE INC PO BOX 746579 ATLANTA GA 30374 SOFTWARE SERVICES 948870 DRASH CONTRACTING COMPANY LP 120 OAK CREEK CT STE 101 SAN ANTONIO TX 78232 GENERAL CONTRACTOR 512707 19 49571 522089 4478453 5078070 218896 10128183 TUITION & FEES 611310 35520481 35520481 AUXILIARY 611710 6571692 6571692 FARM INCOME 611710 1884090 1884090 OTHER PROGRAM 611710 341291 341291 44317554 818308 818308 2522128 2522128 786000 0 786000 786000 786000 4019975 1158000 3852048 1163269 167927 -5269 162658 162658 23741 49571 39561 -15820 -15820 INSURANCE PROCEEDS 900099 101118 101118 641283 641283 742401 59461412 44317554 0 5015675 10542807 10542807 1222014 563328 506164 152522 20655282 18921512 1425688 308082 5070199 4520279 461880 88040 1553459 1395319 127292 30848 19068 19068 91050 91050 170445 170445 2511290 842591 1665468 3231 633706 567544 11237 54925 7001240 6078486 847718 75036 951734 449979 467924 33831 9630399 5573529 4056870 1528215 1424827 79583 23805 13087 6069 7018 1827831 1488882 338949 3233815 2983582 250233 344023 328858 15165 66999664 55687592 10541752 770320 1748573 5168942 102739 499338 689125 9217224 8317975 6515872 415604 403515 581839 301844 203446041 79669882 124352794 123776159 32052522 30341000 19973449 24966472 15095406 14817556 203330026 216007922 3714265 5427604 4826438 11920265 21658615 19897831 14000000 14000000 2178356 1472112 2123748 1721477 48501422 54439289 X 86836401 89002161 67992203 72566472 154828604 161568633 203330026 216007922 X -7538252 5445061 8833220 0 X 0 1 X 1 1 1 X 21163241 23273232 11433736 20036870 10128183 86035262 21163241 23273232 11433736 20036870 10128183 86035262 4735184 81300078 2752184 3842719 5569477 3258940 4126436 19549756 24584 24584 1868108 3595756 2300183 3141612 742401 11648060 117257662 217623722 0.69330 0.64610 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 1,868,108. 2021 AMOUNT: $ 3,595,756. 2022 AMOUNT: $ 2,300,183. 2023 AMOUNT: $ 311,571. 2024 AMOUNT: $ 742,401. FARM INCOME - 2023 AMOUNT: $ 2,456,958. BAD DEBT RECOVERY - 2023 AMOUNT: $ 373,083. SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 122050796 2360081 10097495 2076559 3883606 128548207 114616109 2587218 10871698 1639225 4385004 122050796 87853223 1259519 32930006 7426639 114616109 95013405 1098430 2600253 6077385 4781480 87853223 89304061 1702549 11061569 7054774 95013405 0.52599 0.47401 0.00000 1 1 1 57842750 2215106 60057856 106780926 45811461 60969465 29524863 27092748 2432115 7082396 6765673 316723 123776159 MINERAL AND OIL RIGHTS 6942275 F ALTERNATIVE INVESTMENTS 18024197 F 24966472 PERPETUAL TRUSTS HELD BY OTHERS 12424388 RIGHT-OF-USE ASSET 1588001 INVESTMENTS HELD IN TRUST BY OTHERS 805167 14817556 RIGHT-OF-USE LIABILITY 1721477 1721477 54232782 5445061 39561 5484622 48748160 170445 10542807 10713252 59461412 56325973 39561 39561 56286412 170445 10542807 10713252 66999664 PART V, LINE 4: THE UNIVERSITY APPROPRIATES FUNDS FOR EXPENDITURE AS THEY ARE DISTRIBUTED AND AVAILABLE FOR SCHOLARSHIPS OR PROGRAMMATIC NEEDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 39,561. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 10,542,807. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 39,561. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 10,542,807. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY HAS UPDATED ITS WEBSITE TO BE IN FULL COMPLIANCE WITH THE REV. PROC. 2019-22 STANDARDS IN ORDER TO CHECK YES TO LINE 3 ON FUTURE FORM 990'S. THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE UNIVERSITY'S CATALOG AND OTHER LITERATURE. SCHEDULE E, PART I, LINE 6 WAYLAND BAPTIST UNIVERSITY RECEIVES SCHOLARSHIP GRANTS FROM FEDERAL AGENCIES AND THE STATE OF TEXAS TO ASSIST STUDENTS WITH THEIR COSTS OF EDUCATION. WAYLAND BAPTIST UNIVERSITY PARTICIPATES IN THE DIRECT LOAN PROGRAM WHICH PROVIDES STUDENTS FEDERAL SUBSIDIZED LOANS TO ASSIST WITH THEIR EDUCATION COSTS. GOLF TOURNAMENT 29666 25986 3680 1400 6403 5983 2592 1739 GALA 29625 21700 7925 1328 930 13369 951 1 14021 1885 12136 1443 3423 73312 49571 23741 1400 7731 6913 17404 6113 39561 -15820 SCHEDULE G, PART I, LINE 2B, COLUMN (IV) THE PROFESSIONAL FUNDRAISING SERVICES WERE CONSULTING IN NATURE. NO GROSS RECEIPTS WERE DIRECTLY GENERATED FROM THE SERVICES PROVIDED. 1 EDUCATIONAL SCHOLARSHIPS AND GRANTS 1623 10542807 PART I, LINE 2: FOR ALL SCHOLARSHIP FUNDS, FINANCIAL AID HAS ESTABLISHED SPECIFIC CRITERIA FOR ELIGIBILITY AND SELECTION. THE ELIGIBILITY REQUIREMENTS ARE DOCUMENTED AND MONITORED FOR COMPLIANCE. SCHOLARSHIPS ARE CREDITED TO STUDENT TUITION ACCOUNTS. X 1 1 X 0 0 0 0 0 0 0 0 0 DR BOBBY HALL FORMER UNIVERSITY PRESIDENT 224762 0 0 0 30778 0 0 0 2103 0 257643 0 0 0 DR DONNA HEDGEPATH UNIVERSITY PRESIDENT 160508 0 0 0 33752 0 0 0 12824 0 207084 0 0 0 DR CLAUDE LUSK FORMER SR. VP OF OP & STUDENT LIFE 141796 0 0 0 505 0 0 0 19162 0 161463 0 0 0 MR MIKE HAMMACK VP OF INSTITUTIONAL ADVANCEMENT 136079 0 0 0 943 0 0 0 14853 0 151875 0 0 0 PART I, LINE 1A DR. BOBBY HALL, FORMER PRESIDENT, DR. DONNA HEDGEPATH, PRESIDENT, AND PAUL EDWARDS, VP OF FINANCE & ADMINISTRATION/CFO ALL RECEIVED A HOUSING ALLOWANCE AS A TAXABLE BENEFIT. A HALE CENTER EDUCATION FACILITIES CORPORATION 273505770 405423BV5 2022-02-28 28265335 REFINANCE 2010 & 2012 BOND, BUILDING REPAIRS, HVAC INSTALLATION & REPAIRS 0 0 0 A 4995000 28265335 446150 2243099 25576086 2024 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 MCDOUGAL PROPERTIES ENTITY MORE THAN 35% OWNED BY MARC MCDOUGAL, TRUSTEE 786000 REAL ESTATE MANAGEMENT 0 X 3 940 COST X 480 COST X 4100 COST X 1 49750 COST X 4 132623 SELLING COST X 2 4191 COST X SPORTING EQUIPMENT 2 13947 COST X OTHER 3 12866 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 1A PER THE BYLAWS OF THE ORGANIZATION, THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, VICE CHAIR AND FOUR CHAIRS AMONG THE BOARD'S STANDING COMMITTEES (APPOINTED BY THE BOARD CHAIR). THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT FOR THE BOARD BETWEEN REGULAR BOARD MEETINGS ON ALL MATTERS EXCEPT FOR THOSE MATTERS RESERVED FOR THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE BAPTIST GENERAL CONVENTION OF TEXAS ELECTS A SIMPLE MAJORITY OF THE TRUSTEES DURING EACH OF ITS ANNUAL SESSIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE PRESIDENT AND CHIEF FINANCIAL OFFICER. A COPY OF THE REVIEWED FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REQUIRED FOR ALL TRUSTEES. ALTHOUGH NOT CURRENTLY REQUIRED, UNIVERSITY OFFICERS AND KEY EMPLOYEES ARE ENCOURAGED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THE FINANCE COMMITTEE CHAIR REVIEWS DISCLOSURE STATEMENTS. DEPENDING ON THE CONFLICT, RESTRICTIONS ARE ENFORCED TO ELIMINATE OR MITIGATE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE OFFICERS OF THE BOARD SET THE PRESIDENT'S COMPENSATION AND THE PRESIDENT SETS THE CABINET'S COMPENSATION. THE UNIVERSITY IS WORKING TO IMPLEMENT THE USE OF COMPARABILITY DATA IN SETTING COMPENSATION AND FIRMING UP ITS DOCUMENTATION OF THE DELIBERATION AND DECISION TO CHECK "YES" TO THIS QUESTION ON FUTURE FORM 990'S. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XI, LINE 8 DURING THE YEAR ENDED JUNE 30, 2025, THE UNIVERSITY CHANGED ITS METHOD OF RECOGNIZING REVENUE RELATED TO THEIR CLAIM OF THE EMPLOYEE RETENTION CREDIT (ERC), FROM THE CONDITIONS BEING MET WHEN THE CREDIT IS RECEIVED, TO THE CONDITIONS BEING MET WHEN THE CREDIT WAS APPLIED FOR. THIS CHANGE WAS IMPLEMENTED TO BETTER MATCH REVENUE IN THE YEAR THE CLAIM WAS FILED. THE NEW REVENUE RECOGNITION WAS APPLIED RETROACTIVELY TO ALL PREVIOUS CLAIMS. THE CUMULATIVE EFFECT OF THE CHANGE IS REFLECTED AS A PRIOR PERIOD ADJUSTMENT ON FORM 990, PART XI, LINE 8. BAPTIST GENERAL CONVENTION OF TEXAS 7557 RAMBLER RD STE 1200 DALLAS TX 75231 756044885 CONVENTION OF CHURCHES TX 501(C)(3) 1 N/A 0 HIGHGROUND ADVISORS 1717 MAIN ST STE 1400 DALLAS TX 752014622 750891441 INVESTMENT MANAGEMENT TX 501(C)(3) 7 BAPTIST GENERAL CONVENTION OF TEXAS 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0