Baylor Line Foundation FY2021 filing

Tax-deductible

Waco, TX501(c)(3)EducationEIN 74-2032522Revenue $1.0M in FY2021

On file with the IRSbaylorlinefoundation.com600 Austin Ave Ste 20, 76701-2044 · Waco, TXTax-exempt since Aug 1979Publicly supported — 509(a)(2)

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Support Baylor university and the interests of its alumni.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $137K a year · 16% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $61K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$59K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+5% vs prior year
Spent
$1.1M
To programs
46%
Net assets
$10.8M
By yearFY2020–FY2024
Revenue
$1.0M
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$963K
FY2021$1.0M
FY2022$933K
FY2023$770K
FY2024$649K
Expenses
$1.1M
FY2021▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$873K
FY2021$1.1M
FY2022$1.1M
FY2023$954K
FY2024$955K
Net assets
$10.8M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.0M
FY2021$10.8M
FY2022$8.9M
FY2023$9.1M
FY2024$9.1M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1979.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $505K Management & general 42% · $461K Fundraising 12% · $132K

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

39 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
$84,408Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Committee Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jonathon Platt’s $148K as CEO is at the 95th percentile of top reported officer pay among 1613 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jonathon Platt$148,400————
Allen Holt—$137,164$120,600——
James McInnis$56,272$84,408$84,408$84,408$84,408

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports Baylor University and its alumni interests.

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Provided by the organization

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1 program · $505K · in their own filed words · FY2021
01

Provided programs, recognitions and communications in support of baylor university and its alumni, including reunions and other events, 10 annual awards, publication of baylor line magazine and ELECTRONIC/ONLINE communications; approximately 18,000 members.

$505Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$61K
See all 3 funders →
Grants paid · 5 grants · $432K · 2020–2024
Unitemized GrantFY2024$55,900
Unitemized GrantFY2023$73,000
Unitemized GrantFY2022$97,500
Unitemized GrantFY2021$102,500
Unitemized GrantFY2020$103,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$560K
Investment incomeLn 3$476K
Money outPt IX
$1.1M
Ln 25
Programscol B$505K
Managementcol C$461K
Fundraisingcol D$132K
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$10.9M
LiabilitiesLn 26$59K
PeoplePt VI, VII
39
listed · VII A
PaidVII A1
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$560K
Government grantsLn 1e$73K
Fundraising eventsLn 1c$63K
Investment incomeLn 3$476K
Gains on assetsLn 7$351K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$81K
Cash and savings togetherLn 1–2$134K
InvestmentsLn 11–13$9.3M
Land, buildings, equipmentLn 10c$351K
Other assetsLn 15$1.1M
Total assetsLn 16$10.9M
LiabilitiesLn 26$59K
Net assetsLn 32$10.8M
OperationsPt I, VI
EmployeesI 58
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$250K$134K
InvestmentsLn 11–13$8.2M$9.3M
Land, buildings, equipmentLn 10c$397K$351K
Total assetsLn 16$10.0M$10.9M
LiabilitiesLn 26$33K$59K
Net assetsLn 32$10.0M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$102K$102K
Pay of current officers, directors and key staffLn 5$84K$34K$34K$17K
Other salaries and wagesLn 7$296K$118K$118K$59K
Other employee benefitsLn 9$83K$33K$33K$17K
Payroll taxesLn 10$95K$38K$38K$19K
Legal feesLn 11b$468$468
Other fees for servicesLn 11g$75K$75K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$11K$11K
Information technologyLn 14$14K$14K
OccupancyLn 16$65K$33K$33K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$168K$113K$34K$20K
All other expensesLn 24e$29K$22K$6K$192
Total functional expensesLn 25$1.1M$505K$461K$132K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $649K$955K−$306K$9.1M 990 PDF
FY2023 $770K$954K−$184K$9.1M 990 PDF
FY2022 $933K$1.1M−$196K$8.9M 990 PDF
FY2021 Viewing $1.0M$1.1M−$89K$10.8M 990 PDF
FY2020 $963K$873K$91K$10.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,008,940 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $574,614$560,491
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $422,531$476,167
I-11 Other revenuePrior year −$33,828−$27,718
I-12 Total revenuePrior year $963,317$1,008,940
I-13 Grants and similar amounts paidPrior year $103,000$102,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $491,383$558,390
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $278,171$437,449
I-18 Total expensesPrior year $872,554$1,098,339
I-19 Revenue less expensesPrior year $90,763−$89,399
Part VI · Governance 30 of 30 board members independent, 3 to look at
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,008,940 across 10 lines filed
VIII-1b Membership dues$500
VIII-1c Fundraising events$62,875
VIII-1e Government grants$72,880
VIII-1f All other contributions, gifts and grants$424,236
VIII-1h Total contributions, gifts and grants$560,491
VIII-3 Investment incomeExcluded from tax $125,383$125,383
VIII-7 Net gain or loss on sales of assetsExcluded from tax $350,784$350,784
VIII-8 Net income from fundraising eventsExcluded from tax −$27,786−$27,786
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $68$68
VIII-12 Total revenueRelated to mission $68 · Unrelated business $0 · Excluded from tax $448,381$1,008,940
Part IX · Statement of functional expenses $1,098,339 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $102,500$102,500
IX-5 Pay of current officers, directors and key staffPrograms $33,763 · Management $33,763 · Fundraising $16,882$84,408
IX-7 Other salaries and wagesPrograms $118,321 · Management $118,321 · Fundraising $59,160$295,802
IX-9 Other employee benefitsPrograms $33,156 · Management $33,156 · Fundraising $16,578$82,890
IX-10 Payroll taxesPrograms $38,116 · Management $38,116 · Fundraising $19,058$95,290
IX-11b Legal feesManagement $468$468
IX-11g Other fees for servicesManagement $75,229$75,229
IX-12 Advertising and promotionManagement $11,158$11,158
IX-13 Office expensesPrograms $10,905$10,905
IX-14 Information technologyManagement $13,829$13,829
IX-16 OccupancyPrograms $32,659 · Management $32,659$65,318
IX-17 TravelManagement $1,044$1,044
IX-22 Depreciation, depletion and amortizationManagement $45,983$45,983
IX-23 InsuranceManagement $17,207$17,207
IX-24 Other expenses (24a–d)Programs $113,403 · Management $34,065 · Fundraising $20,186$167,654
IX-24e All other expensesPrograms $22,329 · Management $6,133 · Fundraising $192$28,654
IX-25 Total functional expensesPrograms $505,152 · Management $461,131 · Fundraising $132,056$1,098,339
Part X · Balance sheet $10,875,077 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $249,517$53,263
X-2 Savings and temporary cash investments$80,894
X-9 Prepaid expenses and deferred chargesStart of year $35,666$27,603
X-10c Land, buildings and equipment, netStart of year $397,221$351,238
X-11 Publicly traded securitiesStart of year $8,221,301$9,293,949
X-15 Other assetsStart of year $1,115,437$1,068,130
X-16 Total assetsStart of year $10,019,142$10,875,077
X-17 Accounts payable and accrued expensesStart of year $32,719$47,890
X-19 Deferred revenue$11,000
X-26 Total liabilitiesStart of year $32,719$58,890
X-27 Net assets without donor restrictionsStart of year $7,732,386$8,472,840
X-28 Net assets with donor restrictionsStart of year $2,254,037$2,343,347
X-32 Total net assets or fund balancesStart of year $9,986,423$10,816,187
X-33 Total liabilities and net assetsStart of year $10,019,142$10,875,077
Part XI · Reconciliation of net assets $10,816,187 net assets at year end
XI-1 Total revenue$1,008,940
XI-2 Total expenses$1,098,339
XI-3 Revenue less expenses−$89,399
XI-4 Net assets at start of year$9,986,423
XI-5 Net unrealized gains (losses) on investments$919,164
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,816,187

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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