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.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$22.3M 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

FY2022 · Form 990-TIndependent: 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-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $113.8M a year · 8% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22.3M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $2.30B in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $588K
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0B
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 32 voting members
Looks good: 27 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4B
+4% vs prior year
Spent
$1.2B
To programs
89%
Net assets
$2.9B
By yearFY2020–FY2025
Revenue
$1.4B
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3B
FY2021$1.4B
FY2022$1.4B
FY2023$1.5B
FY2024$1.5B
FY2025$1.6B
Expenses
$1.2B
FY2022+0.06%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1B
FY2021$1.2B
FY2022$1.2B
FY2023$1.3B
FY2024$1.4B
FY2025$1.5B
Net assets
$2.9B
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1B
FY2021$2.6B
FY2022$2.9B
FY2023$3.0B
FY2024$3.2B
FY2025$3.2B

From the FY2022 Form 990 (year ending May 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Feb 1991.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.1B Management & general 10% · $121.7M Fundraising 1% · $15.0M

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

65 people listed on the 990-T; $22.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head Men's Basketball Coach
$5,087,221Pt VII · Sec A
Football Head Coach
$2,770,649Pt VII · Sec A
Vice President and Director of Athletics
$2,524,874Pt VII · Sec A
$1,319,161Pt VII · Sec A
Former Head Women's Basketball Coach (thru 04/2021)
$1,200,064Pt VII · Sec A
Chief Investment Officer
$1,178,158Pt VII · Sec A
Football Defensive Coordinator
$856,430Pt VII · Sec A
Football Offensive Coordinator
$810,352Pt VII · Sec A

Scott Drew’s $6.7M as Head Men's Basketball Coac is at the 100th percentile of top reported officer pay among 146 <$100K 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
Scott Drew$6,708,797$5,361,887$5,327,972$5,087,221$3,653,586$3,462,040
Dave Aranda$4,299,627$4,644,744$4,485,934$2,770,649$3,751,561—
Matthew Rhule—————$4,093,370
Mack Rhoades$3,136,773$3,041,745————
Kim Mulkey———$1,200,064$2,659,526$2,997,866
Mack Rhoades IV——$2,807,733$2,524,874$2,427,334$2,122,433
Linda Livingstone$2,579,024$1,695,771$1,602,403$1,319,161$982,945$1,261,304
Jeff Grimes—$1,833,638$1,455,368$810,352——

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.

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Educates students for global leadership and service by integrating academic excellence and Christian commitment through comprehensive instruction, research, and support services.

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Provided by the organization

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3 programs · $962.1M · in their own filed words · FY2021
01

Instruction

Baylor University stands as one of the premier institutions of higher education in the world. Chartered in 1845 by the Republic of Texas and affiliated with the Baptist General Convention of Texas, the University is the oldest continuously operating institution of higher learning in the State of Texas.

$693.9Mprogram expense
02

Student Services

Baylor university's student services and activities contribute to students' spiritual, social and physical well-being. Student services and activities include areas such as career guidance, job placement upon graduation, enrollment management, student financial aid, student activities, student organizations, intramurals, health center…

$194.6Mprogram expense
03

Academic Support

Baylor university provides academic support services for the primary missions of instruction, as well as research and public service activities. Academic support services include areas such as libraries, technology support, museums and services that directly assist instructional activities.

$73.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
See all 16 funders →
Grants paid · 381 grants · $2.5B · 2019–2024
Unitemized GrantFY2024$430,229,665
Unitemized GrantFY2024$2,451,898
Gallup INCFY2024$2,450,127
UtsaFY2024$421,589
Center for Open Science INCVA · FY2024$333,284
Texas A&m Sponsored Research ServicesFY2024$321,216
Virginia TechFY2024$293,821
Unitemized GrantFY2024$286,433
University of Texas at AustinFY2024$158,207
Colorado State UniversityFY2024$121,120
Wheaton CollegeIL · FY2024$120,974
Hampton UniversityVA · FY2024$107,003
Texas A&m Sponsored Research ServicesFY2024$84,575
See all 381 grants →

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$1.4B
Fees for services$1.2B
Gifts and grants$153.2M
Investment income$79.1M
Money out
$1.2B
Programs$1.1B
Management$121.7M
Fundraising$15.0M
Owns and owes
$2.9B
net assets
Cash and savings$311.6M
Total assets$3.9B
Liabilities$1.0B
People
65
listed
Paid65
Voting board32
Independent27
2In more detail
Revenue in detail
Gifts and grants$153.2M
Government grants$42.5M
Fees for services$1.2B
Investment income$79.1M
Other income$11.9M
Total revenue$1.4B
Assets in detailEnd of year
Cash and savings together$311.6M
Total assets$3.9B
Liabilities$1.0B
Net assets$2.9B
Operations
Employees10,668
Volunteers2,500
Fiscal year endsMay
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6B$1.5B$54.6M$3.2B 990 PDF
FY2024 $1.5B$1.4B$52.1M$3.2B 990 PDF
FY2023 $1.5B$1.3B$167.1M$3.0B 990 PDF
FY2022 Viewing $1.4B$1.2B$165.2M$2.9B 990 PDF
FY2021 $1.4B$1.2B$115.8M$2.6B 990 PDF
FY2020 $1.3B$1.1B$127.8M$2.1B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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