Houston Baptist University
- Assets
- $346.2m
- Revenue
- $160.8m
- Investments
- $5.3m
- Employees
- 1,098
- Location
- Houston, TX
- Founding
- 08/1940
- Data as of
- 05/2022
- EIN
- 74-1400699
Organization Overview
Houston Baptist University is located in Houston, TX. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Houston Baptist University employed 1,098 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Baptist University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Houston Baptist University generated $160.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $141.6m during the year ending 05/2022. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSTRUCTION FOR APPROXIMATELY 5,000 STUDENTS IN UNDERGRADUATE AND GRADUATE COURSES
Describe the Organization's Program Activity:
PROVIDES INSTRUCTION FOR APPROXIMATELY 5,000 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert B Sloan President | Officer | 40 | $747,803 |
Sandra N Mooney Cfo/coo | Officer | 40 | $343,279 |
Steven Peterson VP Online/digital Learning | Officer | 40 | $305,053 |
Bobby Spencer Associate VP | 40 | $286,226 | |
Sharon E Saunders VP University Relations | Officer | 40 | $268,547 |
Stanley Napper Provost/vp Academic Affair | Officer | 40 | $260,121 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tellepsen Construction | 5/30/22 | $11,369,188 |
Ellucian Company Lp Information Systems Support | 5/30/22 | $2,919,552 |
Google Inc Online Enrollment Lead Generation | 5/30/22 | $2,914,423 |
Aramark Services Inc Food Service | 5/30/22 | $3,551,089 |
Aramark Management Services Lp Construction | 5/30/22 | $5,247,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,750 |
| Related organizations | $0 |
| Government grants | $14,678,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,579,391 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,313,283 |
| Total Program Service Revenue | $110,442,391 |
| Investment income | $1,838,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $239,923 |
| Net Rental Income | $3,523,092 |
| Net Gain/Loss on Asset Sales | $267,524 |
| Net Income from Fundraising Events | -$12,958 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $355,390 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,755,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $56,467,324 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,371,930 |
| Compensation of current officers, directors, key employees. | $1,869,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,310,243 |
| Pension plan accruals and contributions | $1,310,697 |
| Other employee benefits | $3,219,005 |
| Payroll taxes | $2,280,449 |
| Fees for services: Management | $4,480,508 |
| Fees for services: Legal | $19,144 |
| Fees for services: Accounting | $164,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,032,361 |
| Office expenses | $1,020,723 |
| Information technology | $1,681,122 |
| Royalties | $0 |
| Occupancy | $550,628 |
| Travel | $910,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,086 |
| Interest | $3,549,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,498,188 |
| Insurance | $1,291,244 |
| All other expenses | $7,647,084 |
| Total functional expenses | $141,624,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,819,750 |
| Savings and temporary cash investments | $2,635,967 |
| Pledges and grants receivable | $17,583,922 |
| Accounts receivable, net | $12,369,194 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,717,652 |
| Inventories for sale or use | $614,489 |
| Prepaid expenses and deferred charges | $1,428,916 |
| Net Land, buildings, and equipment | $132,248,617 |
| Investments—publicly traded securities | $87,634,296 |
| Investments—other securities | $5,294,045 |
| Investments—program-related | $36,572,676 |
| Intangible assets | $0 |
| Other assets | $16,293,168 |
| Total assets | $346,212,692 |
| Accounts payable and accrued expenses | $9,579,783 |
| Grants payable | $0 |
| Deferred revenue | $1,386,334 |
| Tax-exempt bond liabilities | $80,753,698 |
| Escrow or custodial account liability | $98,422 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $478,579 |
| Unsecured mortgages and notes payable | $20,752,917 |
| Other liabilities | $58,022 |
| Total liabilities | $113,107,755 |
| Net assets without donor restrictions | $94,978,639 |
| Net assets with donor restrictions | $138,126,298 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $346,212,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Baptist University has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Baroness Kandy Kaye Horn Foundation Houston, TX PURPOSE: EXEMPT FUNCTION | $500 |
Endowment Analysis
| Beg. Balance | $132,390,291 |
| Earnings | -$3,339,998 |
| Net Contributions | $4,831,794 |
| Other Expense | -$248,070 |
| Grants | $2,884,723 |
| Ending Balance | $131,245,434 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
St Marys University Of San Antonio San Antonio, TX | $377,035,263 | $162,157,507 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
Dallas Baptist University Dallas, TX | $231,209,561 | $142,120,388 |
Oral Roberts University Tulsa, OK | $267,470,829 | $191,939,533 |
Xavier University Of Louisiana New Orleans, LA | $472,117,353 | $172,171,417 |