The Baylor School FY2020 filing

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Baylor's mission is to foster in its students both the ability and the desire to make a positive difference in the world.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $4.8M a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Plus $120.7M in investments, Pt X · Ln 11–13
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $26K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$38.0M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43.5M
Spent
$43.9M
To programs
81%
Net assets
$188.4M
By yearFY2020–FY2025
Revenue
$43.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$43.5M
FY2021$47.7M
FY2022$57.6M
FY2023$51.5M
FY2024$67.4M
FY2025$63.6M
Expenses
$43.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$43.9M
FY2021$47.5M
FY2022$47.6M
FY2023$50.8M
FY2024$54.2M
FY2025$58.5M
Net assets
$188.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$188.4M
FY2021$229.8M
FY2022$199.2M
FY2023$210.1M
FY2024$227.8M
FY2025$244.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1935.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $35.7M Management & general 16% · $6.9M Fundraising 3% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

35 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/Headmaster
$403,605Pt VII · Sec A
Treasurer & CFO
$277,466Pt VII · Sec A
Assistant Headmaster
$170,742Pt VII · Sec A
Chief Advancement Officer
$165,209Pt VII · Sec A
Dir. of Admissions and Enr
$154,880Pt VII · Sec A
Head of Middle School
$142,750Pt VII · Sec A
Financial Aid Director
$133,965Pt VII · Sec A
$128,760Pt VII · Sec A

Chris Angel’s $764K as Head of School is at the 97th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Chris Angel$763,834$748,249$719,784$371,564——
Scott Wilson——$124,541$367,410$417,402$403,605
Dallas W Joseph JR$360,050$351,402$336,695$313,405$260,136$277,466
Shaw Wilson$195,108$192,285$182,604$179,639$170,942$170,742
Erik Kimrey$178,450$165,207$190,281———
Matt Lewis—$146,474$182,857$175,516$165,620$165,209
Dave Robinson$175,419—————
Elizabeth Forrester———$169,331——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Baylor School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students for college through rigorous academics and boarding life.

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2 programs · $35.7M · in their own filed words · FY2019
01

The baylor school educates students in grades 6-12; enrollment for the 2019/2020 academic year was 1,063. Baylor fulfills it's mission by providing: a rich academic program; a school rooted in tradition yet, receptive to change; a wide variety of co-curricular experiences; and a balance of emphases on activities which encourages student…

$35.7Mprogram expense
02

When the COVID-19 pandemic hit north america in march 2020, the school found itself in a unique position to aid in the fight against the spread of the disease. The school's research lab had equipment on hand to perform COVID-19 tests.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$43.5M
Ln 12
Fees for servicesLn 2g$34.0M
Gifts and grantsLn 1h$6.1M
Investment incomeLn 3$3.3M
Money outPt IX
$43.9M
Ln 25
Programscol B$35.7M
Managementcol C$6.9M
Fundraisingcol D$1.4M
Owns and owesPt X
$188.4M
net assets · Ln 32
Cash and savingsLn 1–2$32.3M
Total assetsLn 16$226.4M
LiabilitiesLn 26$38.0M
PeoplePt VI, VII
35
listed · VII A
PaidVII A8
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Noncash giftsLn 1g$459K
Fundraising eventsLn 1c$38K
Fees for servicesLn 2g$34.0M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$111K
Gains on assetsLn 7$1.3M
Total revenueLn 12$43.5M
Assets in detailPt X, end of year
SavingsLn 2$32.3M
Cash and savings togetherLn 1–2$32.3M
Pledges and grants receivableLn 3$5.5M
Accounts receivableLn 4$1.6M
Inventories for sale or useLn 8$334K
Prepaid expenses and deferred chargesLn 9$530K
Land, buildings, equipmentLn 10c$63.9M
InvestmentsLn 11–13$120.7M
Other assetsLn 15$1.6M
Total assetsLn 16$226.4M
LiabilitiesLn 26$38.0M
Net assetsLn 32$188.4M
OperationsPt I, VI
EmployeesI 5618
VolunteersI 6500
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$17.9M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$22.9M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$267K
Noncash gifts receivedSch M Pt I$459K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$286K
Share of the $127.6M endowmentSch D 1g0.22%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$127.6M$129.4M$125.3M$116.0M$110.0M
Given inLn 1b$2.7M$947K$3.3M$1.1M$1.2M
SpentLn 1d–1f$5.3M$5.6M$4.9M$8.7M$6.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$27.2M$32.3M
InvestmentsLn 11–13$127.9M$120.7M
Land, buildings, equipmentLn 10c$66.8M$63.9M
Total assetsLn 16$231.2M$226.4M
LiabilitiesLn 26$38.8M$38.0M
Net assetsLn 32$192.4M$188.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7.2M$7.2M
Grants and assistance to foreign recipientsLn 3$267K$267K
Pay of current officers, directors and key staffLn 5$971K$763K$160K$48K
Other salaries and wagesLn 7$16.0M$12.6M$2.6M$789K
Pension plan contributionsLn 8$1.2M$960K$221K$61K
Other employee benefitsLn 9$1.6M$908K$647K$69K
Payroll taxesLn 10$1.1M$975K$77K$58K
Management feesLn 11a$222K$155K$67K
Legal feesLn 11b$181K$4K$176K
Accounting feesLn 11c$62K$2K$60K
Professional fundraising feesLn 11e$31K$31K
Investment management feesLn 11f$286K$286K
Other fees for servicesLn 11g$214K$109K$104K$851
Advertising and promotionLn 12$194K$25K$169K$160
Office expensesLn 13$1.4M$1.0M$212K$129K
Information technologyLn 14$89K$20K$69K$470
TravelLn 17$759K$610K$125K$24K
InterestLn 20$536K$3K$534K
Depreciation, depletion and amortizationLn 22$4.2M$4.0M$113K$8K
InsuranceLn 23$321K$321K
Other expenses (24a–d)Ln 24$5.4M$5.0M$436K$7K
All other expensesLn 24e$1.7M$1.0M$463K$163K
Total functional expensesLn 25$43.9M$35.7M$6.9M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $63.6M$58.5M$5.1M$244.6M 990 PDF
FY2024Filed with the IRS May 15, 2025 $67.4M$54.2M$13.2M$227.8M 990 PDF
FY2023Filed with the IRS May 14, 2024 $51.5M$50.8M$708K$210.1M 990 PDF
FY2022 $57.6M$47.6M$10.0M$199.2M 990 PDF
FY2021Filed with the IRS Feb 4, 2022 $47.7M$47.5M$200K$229.8M 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $43.5M$43.9M−$453K$188.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $43,488,747 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,805,419$6,123,851
I-9 Program service revenuePrior year $34,257,795$33,969,189
I-10 Investment incomePrior year $12,059,325$3,284,889
I-11 Other revenuePrior year $544,969$110,818
I-12 Total revenuePrior year $51,667,508$43,488,747
I-13 Grants and similar amounts paidPrior year $7,471,577$7,495,569
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $20,248,636$20,952,421
I-16a Professional fundraising feesPrior year $57,014$30,900
I-17 Other expensesPrior year $16,833,848$15,462,902
I-18 Total expensesPrior year $44,611,075$43,941,792
I-19 Revenue less expensesPrior year $7,056,433−$453,045
Part VI · Governance 26 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $43,488,747 across 10 lines filed
Lines not itemized here account for $376,741 of total revenue; see the IRS return.
VIII-1c Fundraising events$38,000
VIII-1f All other contributions, gifts and grants$6,085,851
VIII-1g Noncash contributions (included above)$458,936
VIII-1h Total contributions, gifts and grants$6,123,851
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,640,233$33,640,233
VIII-3 Investment incomeUnrelated business $8,232 · Excluded from tax $1,962,785$1,971,017
VIII-6 Net rental income or lossExcluded from tax $16,020$16,020
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,313,872$1,313,872
VIII-8 Net income from fundraising eventsExcluded from tax $47,013$47,013
VIII-12 Total revenueRelated to mission $34,016,974 · Unrelated business $8,232 · Excluded from tax $3,339,690$43,488,747
Part IX · Statement of functional expenses $43,941,792 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $7,228,709$7,228,709
IX-3 Grants and assistance to foreign recipientsPrograms $266,860$266,860
IX-5 Pay of current officers, directors and key staffPrograms $762,987 · Management $160,148 · Fundraising $47,894$971,029
IX-7 Other salaries and wagesPrograms $12,575,422 · Management $2,639,539 · Fundraising $789,373$16,004,334
IX-8 Pension plan contributionsPrograms $960,282 · Management $221,474 · Fundraising $61,402$1,243,158
IX-9 Other employee benefitsPrograms $908,001 · Management $647,428 · Fundraising $68,765$1,624,194
IX-10 Payroll taxesPrograms $974,940 · Management $76,520 · Fundraising $58,246$1,109,706
IX-11a Management feesPrograms $155,425 · Management $66,568$221,993
IX-11b Legal feesPrograms $4,131 · Management $176,451$180,582
IX-11c Accounting feesPrograms $2,000 · Management $60,025$62,025
IX-11e Professional fundraising feesFundraising $30,900$30,900
IX-11f Investment management feesManagement $286,223$286,223
IX-11g Other fees for servicesPrograms $109,191 · Management $104,199 · Fundraising $851$214,241
IX-12 Advertising and promotionPrograms $24,570 · Management $169,462 · Fundraising $160$194,192
IX-13 Office expensesPrograms $1,022,668 · Management $212,085 · Fundraising $129,039$1,363,792
IX-14 Information technologyPrograms $19,540 · Management $69,278 · Fundraising $470$89,288
IX-17 TravelPrograms $610,230 · Management $124,732 · Fundraising $23,805$758,767
IX-20 InterestPrograms $2,550 · Management $533,760$536,310
IX-22 Depreciation, depletion and amortizationPrograms $4,042,201 · Management $113,255 · Fundraising $8,328$4,163,784
IX-23 InsuranceManagement $320,888$320,888
IX-24 Other expenses (24a–d)Programs $4,967,501 · Management $435,972 · Fundraising $6,505$5,409,978
IX-24e All other expensesPrograms $1,035,113 · Management $463,036 · Fundraising $162,690$1,660,839
IX-25 Total functional expensesPrograms $35,672,321 · Management $6,881,043 · Fundraising $1,388,428$43,941,792
Part X · Balance sheet $226,381,711 assets, 19 lines filed
X-2 Savings and temporary cash investmentsStart of year $27,247,873$32,333,324
X-3 Pledges and grants receivableStart of year $4,807,812$5,483,277
X-4 Accounts receivableStart of year $2,022,270$1,581,897
X-8 Inventories for sale or useStart of year $146,310$334,338
X-9 Prepaid expenses and deferred chargesStart of year $663,913$529,806
X-10c Land, buildings and equipment, netStart of year $66,808,423$63,874,618
X-12 Other securitiesStart of year $127,930,094$120,687,737
X-15 Other assetsStart of year $1,570,733$1,556,714
X-16 Total assetsStart of year $231,197,428$226,381,711
X-17 Accounts payable and accrued expensesStart of year $1,420,739$1,143,051
X-19 Deferred revenueStart of year $17,537,120$15,805,601
X-20 Tax-exempt bond liabilitiesStart of year $17,840,075$17,871,866
X-23 Secured mortgages and notes payableStart of year $871,791$621,791
X-25 Other liabilitiesStart of year $1,095,151$2,551,299
X-26 Total liabilitiesStart of year $38,764,876$37,993,608
X-27 Net assets without donor restrictionsStart of year $131,048,909$126,822,259
X-28 Net assets with donor restrictionsStart of year $61,383,643$61,565,844
X-32 Total net assets or fund balancesStart of year $192,432,552$188,388,103
X-33 Total liabilities and net assetsStart of year $231,197,428$226,381,711
Part XI · Reconciliation of net assets $188,388,103 net assets at year end
XI-1 Total revenue$43,488,747
XI-2 Total expenses$43,941,792
XI-3 Revenue less expenses−$453,045
XI-4 Net assets at start of year$192,432,552
XI-5 Net unrealized gains (losses) on investments−$2,094,035
XI-9 Other changes in net assets−$1,497,369
XI-10 Net assets at end of year$188,388,103

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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