Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 06-01-2010 and ending 05-31-2011
BCheck if applicable:
CName of organization
BAYLOR UNIVERSITY
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
One Bear Place 97043
 
Room/suite
City or town, state or country, and ZIP + 4
Waco, TX767987043
D Employer identification number

74-1159753
E Telephone number

G Gross receipts $ 663,470,581
F Name and address of principal officer:
KENNETH STARR
One Bear Place 97096
Waco,TX767987096
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.BAYLOR.EDU
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1845
M State of legal domicile: TX
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: 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.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 21
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 17
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 8,663
6 Total number of volunteers (estimate if necessary) .... 6 1,882
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a -319,414
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 51,937,336 55,954,594
9 Program service revenue (Part VIII, line 2g) ......... 490,392,763 530,367,367
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 55,420,621 57,943,164
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 3,742,452 4,179,134
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 601,493,172 648,444,259
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 156,183,277 177,314,079
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 242,540,364 259,002,809
16a Professional fundraising fees (Part IX, column (A), line 11e).... 96,941 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet13,213,628    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 186,314,139 191,804,232
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 585,134,721 628,121,120
19 Revenue less expenses. Subtract line 18 from line 12...... 16,358,451 20,323,139
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 1,688,462,932 1,862,358,964
21 Total liabilities (Part X, line 26)............ 451,296,968 490,397,861
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 1,237,165,964 1,371,961,103
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: 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.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 375,476,577 including grants of $ 170,503,472 ) (Revenue $ 399,889,409 )
BAYLOR STRONGLY PURSUES INITIATIVES SUCH AS LOWER STUDENT-FACULTY RATIO (14:1), SMALLER CLASS SIZES (AVERAGE CLASS SIZE IS 27), RESEARCH OPPORTUNITIES FOR UNDERGRADUATES, AND GREAT FACILITIES FOR LEARNING AND LIVING. BAYLOR'S 15,000 STUDENTS TYPICALLY COME FROM ALL 50 STATES AND 80 COUNTRIES AROUND THE WORLD. THE UNIVERSITY OFFERS 144 BACCALAUREATE, 76 MASTER, 33 DOCTORAL AND THE JURIS DOCTOR DEGREE PROGRAMS THROUGH 11 ACADEMIC UNITS. STUDENTS FIND THE BEST OF A LARGE UNIVERSITY THROUGH EXCEPTIONAL BREADTH AND DEPTH OF PROGRAMS, ALONG WITH EXTRAORDINARY PERSONAL ATTENTION FOR THE INDIVIDUAL STUDENT. BAYLOR STUDENTS GARNER COMPETITIVE SCHOLARSHIPS SUCH AS FULBRIGHT, TRUMAN, GOLDWATER, ROTARY, CRITICAL LANGUAGE AND NATIONAL SCIENCE FOUNDATION GRADUATE FELLOWSHIPS. APPROXIMATELY 90% OF BAYLOR UNDERGRADUATE STUDENTS RECEIVE STUDENT FINANCIAL ASSISTANCE. BAYLOR CONSISTENTLY RANKS IN THE TOP 100 NATIONAL DOCTORAL GRANTING UNIVERSITIES BY U.S.NEWS & WORLD REPORT, A "BEST BUY" BY THE FISKE GUIDE TO COLLEGES, AND A "BEST VALUE" BY KIPLINGER'S PERSONAL FINANCE.
4b (Code:   ) (Expenses $ 87,570,232 including grants of $ 4,976,177 ) (Revenue $ 38,600,914 )
BAYLOR UNIVERSITY'S STUDENT SERVICES AND ACTIVITIES CONTRIBUTE TO STUDENTS' SPIRITUAL, SOCIAL AND PHYSICAL WELL BEING.
4c (Code:   ) (Expenses $ 43,812,529 including grants of $ 0 ) (Revenue $ 3,245,807 )
BAYLOR UNIVERSITY PROVIDES ACADEMIC SUPPORT SERVICES FOR THE PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE.
(Code:   ) (Expenses $ 50,839,273 including grants of $ 1,834,430 ) (Revenue $ 87,262,971 )
OTHER - OTHER EXPENSES CONTAINED HEREIN ARE COMPRISED OF THE FOLLOWING: RESEARCH, PUBLIC SERVICES, AND AUXILIARY ENTERPRISES. BAYLOR ENGAGES IN RESEARCH WORK SPONSORED BY NUMEROUS FEDERAL, STATE, AND LOCAL AGENCIES. ADDITIONALLY, BAYLOR PROVIDES NON-INSTRUCTIONAL SERVICES THAT BENEFIT INDIVIDUALS AND GROUPS EXTERNAL TO BAYLOR. AUXILIARY ENTERPRISES ARE COMPRISED GENERALLY OF THE FOLLOWING ITEMS: RESIDENCE HALLS, DINING SERVICES, BOOKSTORE, AND VENDING SERVICES.
4d Other program services. (Describe in Schedule O.)
(Expenses $ 50,839,273 including grants of $ 1,834,430 ) (Revenue $ 87,262,971 )
4e Total program service expensesMediumBullet$ 557,698,611
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part II...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule EClick to see attachment
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III............... Click to see attachment
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I........................... Click to see attachment
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
Yes
 
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
20,333
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
8,663
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletCJ , CH , SP , UK
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
Yes
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
21
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
17
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
No
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
 
No
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
 
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
 
 
13
Does the organization have a written whistleblower policy? ...............
13
 
No
14
Does the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
No
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
AK , AZ , CO , GA , KY , ME , MD , MA , MI , NH , NY , OH , OK , OR , SC , WA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
Bob C Spence
1700 S University Parks Dr Ste 670
Waco,TX767061003
(254) 710-3731
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) TRUELL HYDE
SECRETARY AND MANAGER OF WACO RESEARCH PARK PROPERTY, LLC - FORMER KEY EMPLOYEE
 60           X 197,604 0 30,911
(2) KARLA LEEPER
CHIEF OF STAFF - FORMER KEY EMPLOYEE
 60           X 172,070 0 30,769
(3) JUAN ALEJANDRO
DIRECTOR OF INTERNAL AUDIT & MANAGEMENT ANALYSIS - FORMER KEY EMPLOYEE
 45           X 149,202 0 92,201
(4) VAN GRAY
FORMER ASSOCIATE VICE PRESIDENT
 0           X 155,501 0 28,669
(5) MICHAEL MORRISON
FORMER CHIEF OF STAFF
 55           X 212,451 0 36,523
(6) TOMMYE LOU DAVIS
VICE PRESIDENT FOR CONSTITUENT ENGAGEMENT
 50     X       121,268 0 27,019
(7) NORMAN LOFGREN
FORMER INTERIM VICE PRESIDENT FOR DEVELOPMENT
 50           X 168,249 0 34,876
(8) DAVID JEFFREY
FORMER PROVOST
 60           X 168,003 0 44,190
(9) BRIAN NORWOOD
ASSISTANT FOOTBALL COACH
 0         X   369,954 0 40,646
(10) STEPHEN SMITH
HEAD BASEBALL COACH
 60         X   342,662 0 45,287
(11) SCOTT DREW
HEAD MEN'S BASKETBALL COACH
 80         X   2,116,076 0 40,765
(12) KIM MULKEY
HEAD WOMEN'S BASKETBALL COACH
 60         X   1,173,406 0 39,512
(13) ARTHUR BRILES
HEAD FOOTBALL COACH
 72         X   2,192,660 0 40,147
(14) IAN MCCAW
ATHLETIC DIRECTOR
 60       X     457,399 0 40,827
(15) LEE NORDT
DEAN OF ARTS & SCIENCES
 40       X     212,987 0 44,189
(16) PAULA AUTREY
ASSISTANT SECRETARY
 50     X       50,782 0 18,595
(17) MARSHA DUCKWORTH
ASSISTANT SECRETARY
 50     X       79,224 0 18,560
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) BOB C SPENCE
ASSOCIATE VICE PRESIDENT FOR FINANCIAL SERVICES & TREASURER/ASSISTANT SECRETARY
 60     X       195,595 0 37,486
(19) PATTIE ORR
VICE PRESIDENT FOR INFORMATION TECHNOLOGY & DEAN OF LIBRARIES
 65     X       226,468 0 44,788
(20) DENNIS PRESCOTT
VP FOR UNIVERSITY DEVELOPMENT & VP & SPECIAL ADVISOR TO PRES. FOR ADVANCEMENT
 50     X       315,440 0 44,463
(21) REAGAN RAMSOWER
VICE PRESIDENT FOR FINANCE & ADMINISTRATION
 60     X       280,456 0 39,758
(22) JOHN BARRY
VICE PRESIDENT FOR MARKETING & COMMUNICATIONS
 60     X       222,116 0 88,759
(23) KEVIN JACKSON
VICE PRESIDENT FOR STUDENT LIFE
 40     X       225,966 0 35,125
(24) CHARLES BECKENHAUER
GENERAL COUNSEL & SECRETARY
 70     X       241,261 0 38,928
(25) ELIZABETH DAVIS
EXECUTIVE VICE PRESIDENT & PROVOST
 70     X       272,323 0 27,365
(26) DAVID GARLAND
FORMER INTERIM PRESIDENT
 60           X 173,087 0 67,653
(27) KATHY WILLS WRIGHT
REGENT, INT VP FOR DEV & SEN VP FOR STRATEGIC INITIATIVES & PSPS
 60 X   X       94,996 0 11,736
(28) R DARY STONE
REGENT
 30 X           44 0 0
(29) JOHN C REIMERS
REGENT
 4 X           44 0 0
(30) RAMIRO PENA JR
REGENT
 20 X           434 0 0
(31) RONALD DEAN MURFF
REGENT
 6 X           88 0 0
(32) NEAL T BUDDY JONES
REGENT
 18 X           176 0 0
(33) DAVID HARLAN HARPER
REGENT
 15 X           132 0 0
(34) GARY D ELLISTON
REGENT
 6 X           0 0 0
(35) BOBBY CHARLES DAGNEL
REGENT
 0 X           132 0 0
(36) HAROLD C CUNNINGHAM
REGENT
 14 X           0 0 0
(37) STEPHEN R CARMACK
REGENT
 7 X           44 0 0
(38) DUANE BROOKS
REGENT
 8 X           188 0 0
(39) LINDA BRIAN
REGENT
 4 X           0 0 0
(40) ALBERT C BLACK JR
REGENT
 2 X           0 0 0
(41) ROBERT E BEAUCHAMP
REGENT
 3 X           0 0 0
(42) WES BAILEY
REGENT
 3 X           5,744 0 0
(43) STAN ALLCORN
REGENT
 3 X           132 0 0
(44) JEFF D REETER
REGENT
 4 X           316 0 0
(45) WILLIAM K ROBBINS JR
REGENT
 40 X           316 0 0
(46) PHILIP W STEWART
REGENT
 20 X           0 0 0
(47) RICHARD S WILLIS
REGENT
 10 X           0 0 0
(48) RONALD L WILSON
REGENT
 4 X           0 0 0
(49) JERRY HAAG
VICE PRESIDENT FOR DEVELOPMENT
 70     X       0 0 0
(50) ROY BRIAN WEBB
CHIEF INVESTMENT OFFICER
 54       X     192,114 0 25,676
(51) KENNETH STARR
PRESIDENT
 80     X       322,649 0 91,216
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 11,109,759 0 1,206,639
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet405
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
Yes
 
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ARAMARK HIGHER EDUCATION FACILITIES
24818 NETWORK PLACE
CHICAGO,IL606731248 		FACILITY MAINTENANCE 22,159,698
ARAMARK CAMPUS SERVICES
PO BOX 840706
DALLAS,TX752840706 		DINING SERVICES 14,873,744
CROTHALL HEALTHCARE INC
ONE BEAR PLACE 97214
WACO,TX767987214 		HOUSEKEEPING SERVICES 4,740,470
PEARSON CONSTRUCTION INC
PO BOX 7506
WACO,TX767147506 		CONSTRUCTION MANAGEMENT 3,258,238
JOHN W ERWIN GENERAL CONTRACTING INC
313 SOUTH 13TH STREET
WACO,TX76701 		CONTRACTOR 2,962,487
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet143
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a 0
b Membership dues....1b 820,160
c Fundraising events....1c 42,789
d Related organizations...1d 4,705,836
e Government grants (contributions)1e 15,116,243
f All other contributions, gifts, grants, and
similar amounts not included above1f 		35,269,566
g Noncash contributions included in lines 1a-1f:$ 1,899,617
h Total. Add lines 1a-1f.......MediumBullet 55,954,594
Program Service Revenue Business Code
2a TUITION AND FEES 611,310 432,090,266 432,090,266 0 0
b EDUCATION AND GRANTS 611,310 18,566,608 17,531,357 205,024 830,227
c ROOM AND BOARD 611,310 39,833,457 39,833,457 0 0
d GOVERNMENT CONTRACTS 611,310 12,803,050 12,803,050 0 0
e ATHLETICS 611,310 21,462,770 20,981,348 481,422 0
f All other program service revenue . 5,611,216 5,336,472 224,105 50,639
g Total. Add lines 2a–2f........MediumBullet 530,367,367
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 57,001,367 0 -1,461,980 58,463,347
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0 0 0 0
5 Royalties............MediumBullet 4,172,195 0 232,015 3,940,180
(i) Real (ii) Personal
6a Gross Rents 8,400 0
b Less: rental expenses 0 0
c Rental income or (loss) 8,400 0
d Net rental income or (loss).......MediumBullet 8,400 0 0 8,400
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 8,836,394 7,108,303
b Less: cost or other basis and sales expenses 8,485,348 6,517,552
c Gain or (loss) 351,046 590,751
d Net gain or (loss)..........MediumBullet 941,797 0 0 941,797
8a Gross income from fundraising events (not including
$ 42,789
of contributions reported on line 1c). See Part IV, line 18 ...
a 21,961
b Less: direct expenses ...b 23,422
c Net income or (loss) from fundraising events..MediumBullet -1,461 0 -1,461
9a Gross income from gaming activities.
See Part IV, line 19 ...
a 0
b Less: direct expenses ...b 0
c Net income or (loss) from gaming activities...MediumBullet 0 0 0 0
10a Gross sales of inventory, less
returns and allowances .
a 0
b Less: cost of goods sold ..b 0
c Net income or (loss) from sales of inventory..MediumBullet 0 0 0 0
Miscellaneous Revenue Business Code
11a 0   0 0 0 0
b 0   0 0 0 0
c 0   0 0 0 0
d All other revenue .... 0 0 0 0
e Total. Add lines 11a–11d ......MediumBullet 0
12 Total revenue. See Instructions....MediumBullet 648,444,259 528,575,950 -319,414 64,233,129
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 1,300,218 1,300,218
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22 175,988,111 175,988,111
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16 25,750 25,750
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 5,032,459 1,280,414 2,868,546 883,499
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 2,564,151 1,038,163 1,319,811 206,177
7 Other salaries and wages 192,925,135 178,745,103 7,587,140 6,592,892
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 16,527,275 13,915,296 1,987,014 624,965
9 Other employee benefits ....... 30,161,585 11,587,810 18,054,783 518,992
10 Payroll taxes ........... 11,792,204 9,667,704 1,651,697 472,803
11 Fees for services (non-employees):        
a Management ...... 965,085 914,720 50,365  
b Legal ......... 1,230,971 12,822 1,218,149  
c Accounting ........... 273,169   269,169 4,000
d Lobbying ........... 200,140   200,140  
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 3,445,000   3,445,000  
g Other .......... 33,860,536 9,217,812 24,575,421 67,303
12 Advertising and promotion .... 4,544,095 2,690,297 1,829,171 24,627
13 Office expenses ....... 22,064,498 17,865,371 2,969,256 1,229,871
14 Information technology ...... 13,750,498 8,889,333 4,720,278 140,887
15 Royalties .. 104,402 91,753 12,649  
16 Occupancy ........... 29,630,779 14,709,706 14,806,255 114,818
17 Travel ............ 17,849,983 16,464,264 775,478 610,241
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 5,280,347 3,956,832 796,859 526,656
20 Interest ........... 8,591,222 7,819,309 664,523 107,390
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 30,933,609 28,154,254 2,392,685 386,670
23 Insurance .............. 0      
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a ACCOUNTING ADJUSTMENTS - POSTRETIREMENT BENEFITS, ETC. 2,078,671   2,078,671  
b COST OF GOODS SOLD 13,937,008 12,715,919 1,219,824 1,265
c FOOD EXPENSE 1,100,036 970,269 85 129,682
d ALLOCATION OF COSTS REPORTED IN MGMT & ADMIN 0 35,281,520 -35,766,076 484,556
e MEMBERSHIPS 1,901,851 1,370,939 474,316 56,596
f All other expenses 62,332 3,024,922 -2,992,328 29,738
25 Total functional expenses. Add lines 1 through 24f 628,121,120 557,698,611 57,208,881 13,213,628
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		0      
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 528,315 1 425,058
2 Savings and temporary cash investments ....... 74,593,989 2 81,233,449
3 Pledges and grants receivable, net ......... 15,634,107 3 18,258,371
4 Accounts receivable, net ......... 22,425,670 4 33,757,168
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 0 5 0
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L .......... 0 6 0
7 Notes and loans receivable, net ............. 450,493 7 524,286
8 Inventories for sale or use .............. 1,105,437 8 1,293,124
9 Prepaid expenses and deferred charges ............ 4,836,092 9 5,627,249
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 964,547,625
b Less: accumulated depreciation. ..... 10b 330,974,253 626,084,096 10c 633,573,372
11 Investments—publicly traded securities .......... 7,944,170 11 5,275,877
12 Investments—other securities. See Part IV, line 11 ...... 922,116,889 12 1,071,366,209
13 Investments—program-related. See Part IV, line 11 .. 12,743,674 13 11,024,801
14 Intangible assets ......... 0 14 0
15 Other assets. See Part IV, line 11 ........... 0 15 0
16 Total assets. Add lines 1 through 15 (must equal line 34)... 1,688,462,932 16 1,862,358,964
Liabilities 17 Accounts payable and accrued expenses . 35,377,828 17 36,268,916
18 Grants payable .......... 0 18 0
19 Deferred revenue .......... 36,842,379 19 55,613,977
20 Tax-exempt bond liabilities .......... 263,825,000 20 296,037,188
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 299,941 21 217,750
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 1,341,851 23 695,176
24 Unsecured notes and loans payable to unrelated third parties .... 52,209,176 24 31,617,768
25 Other liabilities. Complete Part X of Schedule D..... 61,400,793 25 69,947,086
26 Total liabilities. Add lines 17 through 25..... 451,296,968 26 490,397,861
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 438,852,309 27 466,054,180
28 Temporarily restricted net assets ..... 228,878,480 28 302,446,703
29 Permanently restricted net assets ..... 569,435,175 29 603,460,220
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 1,237,165,964 33 1,371,961,103
34 Total liabilities and net assets/fund balances ..... 1,688,462,932 34 1,862,358,964
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
648,444,259
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
628,121,120
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
20,323,139
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
1,237,165,964
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
114,472,000
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
1,371,961,103
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2010)
Additional Data


Software ID: 10000128
Software Version: v2010.1.0
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID: 10000128
Software Version: v2010.1.0
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
BAYLOR UNIVERSITY
  		Employer identification number

74-1159753
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
BAYLOR UNIVERSITY
  		Employer identification number

74-1159753
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
BAYLOR UNIVERSITY
  		Employer identification number

74-1159753
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID: 10000128
Software Version: v2010.1.0
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots non-taxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
Yes
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
Yes
 
0
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
Yes
 
180,000
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
173,416
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? If "Yes," describe in Part IV ..........................
Yes
 
0
j
Total. lines 1c through 1i ...................................
353,416
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Description of other lobbying activities Schedule C, Part II-B, Line 1i INSTITUTIONAL LOBBYING ACTIVITIES WERE DIRECTED BOTH INTERNALLY AND BY AN OUTSIDE GOVERNMENTAL RELATIONS FIRM. THE OFFICE OF GOVERNMENTAL RELATIONS MAINTAINED CONTACT WITH LOCAL, STATE, AND FEDERAL OFFICIALS THROUGH MEETINGS IN WACO, AUSTIN, AND WASHINGTON, D.C. TO DISCUSS MATTERS RELATING TO HIGHER EDUCATION, INCLUDING STUDENT FINANCIAL AID, TAX POLICY, FEDERAL RESEARCH FUNDING, STATE FUNDING FOR DEVELOPMENT OF TECHNOLOGICAL INFRASTRUCTURE, AND MISCELLANEOUS LOCAL MATTERS. A VOLUNTEER STUDENT ORGANIZATION, THE BAYLOR AMBASSADORS, WORKED CLOSELY WITH THE OFFICE OF GOVERNMENTAL RELATIONS AND ASSISTED IN ADVOCATING TO THE STATE LEGISLATURE AND U.S. CONGRESS ON ISSUES BENEFICIAL TO BAYLOR STUDENTS SUCH AS FINANCIAL AID PROGRAMS. THE UNIVERSITY ALSO HIRED AN OUTSIDE REGISTERED GOVERNMENTAL RELATIONS REPRESENTATIVE IN WASHINGTON, D.C. THIS REPRESENTATIVE ENGAGED IN SIMILAR ACTIVITIES NOTED ABOVE. BAYLOR ANSWERED "YES" ON LINE 1D AS THE UNIVERSITY DID SEND E-MAILS; HOWEVER, THE UNIVERSITY REPORTED AN EXPENSE OF ZERO DUE TO THE DIFFICULTY OF APPORTIONING THE INSIGNIFICANT COSTS ASSOCIATED WITH SUCH E-MAILINGS. BAYLOR PAID MEMBERSHIP DUES TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS, THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, AND HARVARD UNIVERSITY'S AD HOC TAX COMMITTEE IN THE AMOUNT OF $155,078 DURING THE FISCAL YEAR. THESE DUES WERE PAID TO ORGANIZATIONS WHICH MAY HAVE ENGAGED IN SOME LOBBYING ACTIVITIES. HOWEVER, NO DUES WERE SPECIFICALLY ALLOCATED TO LOBBYING COSTS ON THE INVOICES RECEIVED. THE TOTAL AMOUNT SPENT BY BAYLOR ON LOBBYING ACTIVITIES REPRESENTED AN INSIGNIFICANT PORTION OF THE UNIVERSITY'S TOTAL EXPENDITURES.
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID: 10000128
Software Version: v2010.1.0

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ....... 0 1
2 Aggregate contributions to (during year) ... 0 40,000
3 Aggregate grants from (during year) ... 0 78,529
4 Aggregate value at end of year ....... 0 1,267,654
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $ 69,590
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $ 10,527,422
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 871,965,931 880,255,464 1,068,934,692
b Contributions ........ 25,656,080 21,228,117 22,341,159
c Investment earnings or losses ... 156,640,646 19,129,386 -162,839,004
d Grants or scholarships ..... 18,555,686 17,614,644 16,707,157
e Other expenditures for facilities
and programs ........ 		31,777,829 31,032,392 31,474,226
f Administrative expenses ....      
g End of year balance ...... 1,003,929,142 871,965,931 880,255,464
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet17.000 %
b
Permanent endowment: SchDMd Bullet83.000 %
c
Term endowment: SchDMd Bullet0 %
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
Yes
 
(ii) related organizations ........................
3a(ii)
Yes
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ................. 2,687,747 65,093,026 67,780,773
b Buildings ................   687,994,078 219,099,717 468,894,361
c Leasehold improvements ............   1,101,029 470,027 631,002
d Equipment ................   71,059,179 51,264,801 19,794,378
e Other .................   136,612,566 60,139,708 76,472,858
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 633,573,372
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives 0  
(2)Closely-held equity interests 435,507 F
(3)Other
(A) BAYLOR UNIVERSITY FUND 		903,121,225 F

(B) BAPTIST FOUNDATION OF TEXAS MANAGED FUNDS 		124,982,595 F

(C) ASSETS HELD BY OTHERS 		42,137,649 F

(D) OTHER 		689,233 F





Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet 1,071,366,209
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes 0
ACCRUED POSTRETIREMENT BENEFITS 52,161,492
ANNUITIES PAYABLE 5,166,587
CONDITIONAL ASSET RETIREMENT OBLIGATION 3,934,931
FEDERAL LOAN FUNDS REFUNDABLE 7,616,202
INTEREST RATE SWAP LIABILITY 1,067,874




Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 69,947,086
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 648,444,259
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 628,121,120
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 20,323,139
4 Net unrealized gains (losses) on investments .......................... 4 109,563,346
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8 9,137,235
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 118,700,581
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 139,023,720
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d 0
e Add lines 2a through 2d ..................... 2e 0
3 Subtract line 2e from line 1..................... 3 0
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b 0
c Add lines 4a and 4b....................... 4c 0
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 0
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d 0
e Add lines 2a through 2d...................... 2e 0
3 Subtract line 2e from line 1..................... 3 0
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b 0
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 0
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
Collections of art - description of collections Schedule D, Part III, Line 4 BAYLOR UNIVERSITY CURRENTLY HOLDS COLLECTIONS OF ART, BOOKS, AND OTHER MEMORABILIA FOR EDUCATIONAL PURPOSES, INCLUDING PUBLIC EXHIBITION AND SCHOLARLY RESEARCH.
Explanation of escrow agreement Schedule D, Part IV, Line 2b THE AMOUNT REPRESENTS THE UNIVERSITY ACTING IN AN AGENCY CAPACITY FOR VARIOUS STUDENT AND PROFESSIONAL ORGANIZATIONS AS WELL AS OUTSIDE SCHOLARSHIPS.
Intended uses of endowment funds Schedule D, Part V, Line 4 THE PRIMARY OBJECTIVE OF THE ENDOWMENT PORTFOLIO IS TO PRESERVE AND ENHANCE THE REAL PURCHASING POWER OF THE PORTFOLIO ASSETS TO HELP MAINTAIN INTERGENERATIONAL EQUITY OF THE CORPUS. THIS WILL OCCUR WHILE ALSO PROVIDING REASONABLE ANNUAL SUPPORT TO BAYLOR UNIVERSITY.
FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 TAX STATUS & ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE UNIVERSITY IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION, AND CONTRIBUTIONS TO IT QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. THE UNIVERSITY FILES UNRELATED BUSINESS INCOME TAX AND OTHER INFORMATION RETURNS AS REQUIRED BY GOVERNMENT AUTHORITIES. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. AS OF MAY 31, 2011, THE UNIVERSITY'S TAX YEARS 2006 TO 2011 REMAIN SUBJECT TO EXAMINATION.
Other changes in net assets Schedule D, Part XI, Line 8 GAIN ON INTEREST RATE SWAP - -1067874; REALIZED GAIN ON INVESTMENTS - -941797; PRESENT VALUE ADJUSTMENT TO ANNUITIES PAYABLE - 4727187; GAIN/LOSS ON EARLY PAYOFF OF DEBT - -301556; DISPOSITION OF PROPERTY TO CENTRAL TEXAS TECHNOLOGY AND RESEARCH PARK - 3315751; OTHER - 3405524;
RECONCILATION PART XIV THE AUDITED FINANCIAL STATEMENTS OF BAYLOR UNIVERSITY INCLUDE THE ACCOUNTS OF THE UNIVERSITY, BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION (KWBU), AND CENTRAL TEXAS TECHNOLOGY AND RESEARCH PARK (CTTRP), WHICH ARE LEGALLY SEPARATE ENTITIES. FOR PURPOSES OF REPORTING ON THE FORM 990, THE UNIVERSITY BREAKS OUT KWBU'S AND CTTRP'S ACCOUNTS SO THAT THE NUMBERS HEREIN REFLECT SOLELY THOSE OF THE UNIVERSITY. BECAUSE THE OTHER ENTITIES' ACCOUNTS ARE INCLUDED IN THE AUDITED FINANCIAL STATEMENTS, BUT ARE NOT INCLUDED IN THE FORM 990, THE ENDING CHANGE IN NET ASSETS OF THE FORM 990 WILL NOT MATCH THE ENDING CHANGE IN NET ASSETS OF BAYLOR UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. THE RECONCILIATION IN SCHEDULE D, PART XI, INCLUDES ADJUSTMENTS THAT PROVIDE FOR THE EFFECT OF KWBU AND CTTRP SO AS TO RECONCILE THE FORM 990 NUMBERS TO THE AUDITED FINANCIAL STATEMENTS PER THE FORM 990 INSTRUCTIONS.
Schedule D (Form 990) 2010

Additional Data


Software ID: 10000128
Software Version: v2010.1.0




SCHEDULE E(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990, Part IV, line 13,
or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ............
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2010
Schedule E (Form 990 or 990EZ) 2010
Page 2
Part II
Supplemental Information
Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier Return Reference Explanation
Financial aid or assistance from a governmental agency Schedule E, Line 6a THE UNIVERSITY IS A PARTICIPANT IN THE STUDENT FINANCIAL AID PROGRAMS SUCH AS THE FEDERAL PERKINS LOAN, FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL GEAR UP, FEDERAL WORK STUDY, TEXAS EQUALIZATION GRANT, TEXAS GRANT, AND LEVERAGING EDUCATIONAL ASSISTANCE PROGRAMS AND RECEIVES FEDERAL AND STATE FUNDING FOR RESEARCH GRANTS AND CONTRACTS.
Schedule E (Form 990 or 990-EZ) 2010
Additional Data


Software ID: 10000128
Software Version: v2010.1.0
SCHEDULE F
(Form 990)

Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.
Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside the
United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 134,492
CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES MISSION TRIPS 12,796
CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL COMPETITION 5,545
CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES SITE VISITS 3,618
CENTRAL AMERICA AND THE CARIBBEAN 0 0 FUNDRAISING   650
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 530,617
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES MISSION TRIPS 27,968
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EXCHANGE/AFFILIATION PROGRAMS 11,637
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT MENTORING 800
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES MISCELLANEOUS TRAVEL - CONFERENCES, MEETINGS, PRESENTATIONS, RESEARCH, TRAINING, ETC. 31,607
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SITE VISITS 12,658
EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES RECRUITING 71,323
EAST ASIA AND THE PACIFIC 0 0 GRANTS   25,750
EUROPE (INCLUDING ICELAND AND GREENLAND) 2 9 PROGRAM SERVICES STUDY ABROAD PROGRAMS 3,276,726
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES MISSION TRIPS 31,278
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES EXCHANGE/AFFILIATION PROGRAMS 658,585
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES MISCELLANEOUS TRAVEL - CONFERENCES, MEETINGS, PRESENTATIONS, RESEARCH, TRAINING, ETC. 84,973
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SITE VISITS 31,333
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDENT INTERNSHIPS 43,091
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SABBATICALS 3,146
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 PROGRAM SERVICES RECRUITING 29,398
MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 46,930
MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EXCHANGE/AFFILIATION PROGRAMS 68,243
MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT INTERNSHIPS 0
NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 32,714
NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES MISCELLANEOUS TRAVEL - CONFERENCES, MEETINGS, PRESENTATIONS, RESEARCH, TRAINING, ETC. 57,029
NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES STUDENT TRAVEL 586
RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES EXCHANGE/AFFILIATION PROGRAMS 1,800
RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES SABBATICALS 3,146
SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 106,511
SOUTH AMERICA 0 0 PROGRAM SERVICES MISSION TRIPS 18,697
SOUTH AMERICA 0 0 PROGRAM SERVICES EXCHANGE/AFFILIATION PROGRAMS 16,670
SOUTH AMERICA 0 0 PROGRAM SERVICES MISCELLANEOUS TRAVEL - CONFERENCES, MEETINGS, PRESENTATIONS, RESEARCH, TRAINING, ETC. 7,320
SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT MENTORING 0
SOUTH AMERICA 0 0 PROGRAM SERVICES ATHLETIC TEAM TRAVEL 31,827
SOUTH ASIA 0 0 PROGRAM SERVICES MISSION TRIPS 68,233
SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES MISSION TRIPS 689,939
SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES MISCELLANEOUS TRAVEL - CONFERENCES, MEETINGS, PRESENTATIONS, RESEARCH, TRAINING, ETC. 32,925
SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT MENTORING 0
SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT RESEARCH 4,743
SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES SITE VISITS 2,978
CENTRAL AMERICA AND THE CARIBBEAN     PASSIVE INVESTMENTS   289,237,534
MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SITE VISITS 4,000
3a Sub-total .....      
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 2 11 295,459,816
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
EAST ASIA AND THE PACIFIC SUBCONTRACT SERVICE 10,000 WIRE TRANSFER      
EAST ASIA AND THE PACIFIC SUBCONTRACT SERVICE 15,750 WIRE TRANSFER      
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
0
3
Enter total number of other organizations or entities ........................MediumBullet
2
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 5
Part V
Supplemental Information
Complete this part to provide the information (see instructions) required in Part I, line 2, and any additional information.
Identifier ReturnReference Explanation
Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS OR ENTITIES OUTSIDE THE UNITED STATES: THE UNIVERSITY ENTERS INTO A CONTRACT WITH THE GRANT RECIPIENT THAT DESCRIBES THE RECIPIENT'S RESPONSIBILITIES FOR THE USE OF THE GRANT FUNDS. UNDER THE TERMS OF THE CONTRACT, RECIPIENTS ARE REQUIRED TO SUBMIT QUARTERLY AND FINAL WRITTEN PROGRESS REPORTS TO THE PRINCIPAL INVESTIGATOR ("PI") OR PROJECT DIRECTOR FOR THE GRANT, AND FUNDS ARE PAID TO THE RECIPIENTS ON A COST REIMBURSABLE BASIS. WHEN THE GRANT RECIPIENT SUBMITS AN INVOICE FOR REIMBURSEMENT, THE PI REVIEWS THE INVOICE TO ENSURE THE EXPENDITURES ARE CONSISTENT WITH THE ESTABLISHED BUDGET AND WITH THE WORK COMPLETED TO DATE, PRIOR TO APPROVING THE AMOUNT FOR PAYMENT. GRANT RECIPIENTS SUBJECT TO THE U.S. OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-133 AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS ARE ALSO REQUIRED TO PROVIDE CERTIFICATION OF THEIR COMPLIANCE WITH THE FINANCIAL AUDIT REQUIREMENTS OF THOSE GUIDELINES PRIOR TO RECEIVING FUNDS. THEREAFTER, THE UNIVERSITY REQUIRES AN ANNUAL CERTIFICATION OF CONTINUING COMPLIANCE AND A COPY OF THEIR MOST RECENT AUDIT REPORT. IF ANY OF THE ABOVE PROCESSES INDICATE AN AREA OF CONCERN, SITE VISITS MAY BE CONDUCTED BY THE UNIVERSITY TO REVIEW THE PROGRAMMATIC AND/OR FINANCIAL RECORDS.
DESCRIPTION OF METHOD USED TO ACCOUNT FOR EXPENDITURES ON FINANCIAL STATEMENTS PART I, LINE 3 COLUMS (F) AND PART II, LINE 1 THE UNIVERSITY RECORDS EXPENSES BASED UPON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES SET FORTH BY THE FINANCIAL ACCOUNTING STANDARDS BOARD IN FINANCIAL REPORTING.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2010
Additional Data


Software ID: 10000128
Software Version: v2010.1.0



SCHEDULE G
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,
or if the organization entered more than $15,000 on Form 990-EZ, line 6a.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

GOLF TOURNAMENT/SILENT AUCTION
(event type) 		(b) Event #2

GOLF TOURNAMENT/SILENT AUCTION
(event type) 		(c) Other Events

1
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 34,025 10,480 20,245 64,750
2 Less: Charitable
contributions . . . 		20,911 4,770 17,108 42,789
3 Gross income (line 1
minus line 2) . . . 		13,114 5,710 3,137 21,961
VerticalDirectExpenses 4 Cash prizes . . .   1,285   1,285
5 Non-cash prizes . . 4,178 1,556   5,734
6 Rent/facility costs . . 3,897 1,517   5,414
7 Food and beverages . . 3,242 1,270 2,939 7,451
8 Entertainment . . .       0
9 Other direct expenses . 2,342 1,196   3,538
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 23,422
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -1,461
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ...........................
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2010
Additional Data


Software ID: 10000128
Software Version: v2010.1.0
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number
74-1159753
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) WACO CHAMBER OF COMMERCEPO BOX 1220
WACO,TX76703 		74-0967440 501(C)(6) 62,000       ECONOMIC AND COMMUNITY DEVELOPMENT
(2) WACO FOUNDATION900 AUSTIN AVENUE SUITE 1000
WACO,TX767011949 		74-6054628 501(C)(3) 10,000       HOLD A GREATER WACO COMMUNITY VISITING EDUCATION SUMMIT TO DEVELOP EXPECTATIONS AND GOALS FOR BAYLOR'S COMMUNITY AND STUDENTS TO INSURE A GREATER QUALITY OF LIFE AND ECONOMIC SUCCESS
(3) CITY OF WACOPO BOX 2570
WACO,TX767022570 		74-6002468 STATE OF TEXAS 15,000       SUPPORT OF WACO MASTER PLAN
(4) THE BAPTIST GENERAL CONVENTION OF TEXAS33 N WASHINGTON AVE
DALLAS,TX75246 		75-0904042 501(C)(3) 10,000       TEXAS BAPTIST HISTORIC MUSEUM AT INDEPENDENCE
(5) INSTITUTE FOR GLOBAL ENGAGEMENTPO BOX 12205
ARLINGTON,VA222192205 		23-3042456 501(C)(3) 10,000       CO-SPONSORSHIP OF PROTESTANTISM ROUNDTABLE IN VIETNAM
(6) FIRST AND GOAL FOUNDATION INCPO BOX 941176
HOUSTON,TX77094 		76-0657726   7,000       SPONSORSHIP TO ASSIST WITH PROVIDING YOUTH THE OPPORTUNITY TO ATTEND A CAMP AND EXPERIENCE COLLEGE LIFE
(7) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATIONONE BEAR PLACE 97296
WACO,TX767987296 		74-2674611 501(C)(3) 227,539       ASSIST WITH PROGRAMMING & PRODUCTION COSTS
(8) COMMUNITIES IN SCHOOLS OF THE HEART OF TEXAS425 AUSTIN AVE SUITE 1500
WACO,TX76701 		74-2563411 501(C)(3) 150,740       SUBCONTRACT - RESEARCH
(9) TEXAS STATE TECHNICAL COLLEGE3801 CAMPUS DRIVE
WACO,TX76705 		74-1646989 STATE OF TEXAS 215,204       SUBCONTRACT - RESEARCH
(10) ACADEMY FOR EDUCATIONAL DEVELOPMENTREF 3731
PO BOX 409272
ATLANTA,GA303849272 		13-6110212 501(C)(3) 150,447       SUBCONTRACT - RESEARCH
(11) GALLUP1001 GALLUP DRIVE
OMAHA,NE68102 		21-0699771   240,000       SUBCONTRACT - RESEARCH
(12) UNIVERSITY OF TEXAS-SOUTHWESTERN MEDICAL CENTER5323 HARRY HINES BLVD
DALLAS,TX753909020 		75-6002868 STATE OF TEXAS 16,550       SUBCONTRACT - RESEARCH
(13) UNIVERSITY OF GEORGIA FOUNDATION617 BOYD GRAD STUDIES RESEARCH CTR
ATHENS,GA306027411 		58-1353149 501(C)(3) 25,941       SUBCONTRACT - RESEARCH
(14) UNIVERSITY OF MAINE5717 CORBETT HALL
ORONO,ME044695717 		01-6000769 STATE OF MAINE 62,416       SUBCONTRACT - RESEARCH
(15) OKLAHOMA STATE UNIVERSITYPO BOX 645
STILLWATER,OK74076 		73-6017987 STATE OF OKLAHOMA 24,106       SUBCONTRACT - RESEARCH
(16) KNOWLEDGE NETWORKS & SUBSIDIARY1350 WILLOW ROAD SUITE 102
MENLO PARK,CA94025 		94-3314617   54,900       SUBCONTRACT - RESEARCH
2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
12
3
Enter total number of other organizations ................................ . Bullet Image
4
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) SUBCONTRACT - RESEARCH 1 53,270      
(2) SCHOLARSHIPS AND FELLOWSHIPS 13035 174,455,318 1,024,331 FAIR MARKET VALUE BOOKS AND ON-CAMPUS ROOM AND BOARD
(3) RESEARCH GRANTS 57 325,737      
(4) STUDENT AWARDS 184 129,455      







Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE UNITED STATES: SCHOLARSHIPS AND FELLOWSHIPS THAT ARE AWARDED TO STUDENTS ARE PAID THROUGH THE STUDENTS' ACCOUNTS AND ARE ADMINISTERED BASED UPON MERIT AND/OR NEED. BAYLOR'S FINANCIAL AID OFFICE REVIEWS THE STUDENTS' CUMULATIVE GRADE POINT AVERAGES EVERY YEAR AND AWARDS/REVIEWS ACADEMIC SCHOLARSHIPS AND FELLOWSHIPS IF THE REQUIRED GRADE POINT AVERAGE LEVEL IS SATISFIED. SCHOLARSHIPS FOR FINANCIAL NEED ARE AWARDED ANNUALLY BASED UPON WHETHER THE NEED CRITERION/LEVEL IS ESTABLISHED OR MAINTAINED PER THE COMPLETED APPLICATION FOR FEDERAL STUDENT AID. THE SCHOLARSHIP AWARDS CANNOT EXCEED THE COST OF A STUDENT TO ATTEND THE UNIVERSITY. RESEARCH GRANTS - THE OFFICE OF THE VICE PROVOST FOR RESEARCH (OVPR) PUBLISHES GUIDELINES FOR EACH OF THE INTERNAL GRANT PROGRAMS THAT PROVIDE THE GENERAL CONDITIONS OF THE AWARD, AS WELL AS GUIDANCE ON THE EXPENSES THAT MAY BE CHARGED TO THE AWARD. EACH GRANT IS SET UP AS A SEPARATE PROJECT IN THE UNIVERSITY'S FINANCIAL SYSTEM BASED ON THE AWARD AMOUNT AND BUDGET CATEGORIES APPROVED BY THE OVPR AND ADMINISTERED THROUGH THE OFFICE OF SPONSORED PROGRAMS. THE FINANCIAL SYSTEM PROVIDES REAL TIME ACCESS TO A BUDGET SUMMARY REPORT FOR THE PROJECT THAT PROVIDES A COMPARISON OF BUDGETED EXPENDITURES TO CUMULATIVE ACTUAL EXPENDITURES BY EXPENDITURE CATEGORY. THIS REPORT CAN BE ACCESSED BY THE PROJECT MANAGER AND OTHERS WITH ADMINISTRATIVE AND FINANCIAL OVERSIGHT RESPONSIBILITIES. EXPENDITURE TRANSACTIONS UNDER INTERNAL GRANT PROGRAMS ARE SUBJECT TO INTERNAL CONTROLS FOR APPROVAL AND PROCESSING SIMILAR TO OTHER UNIVERSITY EXPENDITURE TRANSACTIONS. THE SYSTEM DOES NOT ALLOW EXPENDITURES TO BE PROCESSED IN EXCESS OF OR OUTSIDE OF THE APPROVED BUDGET CATEGORIES. GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE UNITED STATES: THE UNIVERSITY ENTERS INTO A CONTRACT WITH THE GRANT RECIPIENT THAT DESCRIBES THE RECIPIENT'S RESPONSIBILITIES FOR THE USE OF THE GRANT FUNDS. UNDER THE TERMS OF THE CONTRACT, RECIPIENTS ARE REQUIRED TO SUBMIT QUARTERLY AND FINAL WRITTEN PROGRESS REPORTS TO THE PRINCIPAL INVESTIGATOR ("PI") OR PROJECT DIRECTOR FOR THE GRANT, AND FUNDS ARE PAID TO THE RECIPIENT ON A COST REIMBURSABLE BASIS. WHEN THE GRANT RECIPIENT SUBMITS AN INVOICE FOR REIMBURSEMENT, THE PI REVIEWS THE INVOICE TO ENSURE THE EXPENDITURES ARE CONSISTENT WITH THE ESTABLISHED BUDGET AND WITH THE WORK COMPLETED TO DATE, PRIOR TO APPROVING THE AMOUNT FOR PAYMENT. GRANT RECIPIENTS SUBJECT TO THE U.S. OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-133 AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS ARE ALSO REQUIRED TO PROVIDE CERTIFICATION OF THEIR COMPLIANCE WITH THE FINANCIAL AUDIT REQUIREMENTS OF THOSE GUIDELINES PRIOR TO RECEIVING FUNDS. THEREAFTER, THE UNIVERSITY REQUIRES AN ANNUAL CERTIFICATION OF CONTINUING COMPLIANCE AND A COPY OF THEIR MOST RECENT AUDIT REPORT. IF ANY THE ABOVE PROCESSES INDICATE AN AREA OF CONCERN, SITE VISITS MAY BE CONDUCTED BY THE UNIVERSITY TO REVIEW THE PROGRAMMATIC AND/OR FINANCIAL RECORDS. CHARITABLE ORGANIZATIONS THAT RECEIVE CONTRIBUTIONS FROM THE UNIVERSITY ARE CAREFULLY SELECTED AND MUST BE APPROVED THROUGH THE CHIEF OF STAFF TO THE PRESIDENT. THE CONTRIBUTION MUST SUPPORT THE UNIVERSITY'S INTEREST AND BE CONSISTENT WITH THE UNIVERSITY'S CORE VALUES.
Schedule I (Form 990) 2010


Additional Data


Software ID: 10000128
Software Version: v2010.1.0


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
No
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
Yes
 
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
Yes
 
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
Yes
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) TRUELL HYDE (i)
(ii)		 197,564
0 		0
0 		40
0 		20,102
0 		10,809
0 		228,515
0 		0
0
(2) KARLA LEEPER (i)
(ii)		 168,960
0 		0
0 		3,110
0 		17,983
0 		12,786
0 		202,839
0 		0
0
(3) JUAN ALEJANDRO (i)
(ii)		 149,064
0 		0
0 		138
0 		14,802
0 		77,399
0 		241,403
0 		0
0
(4) VAN GRAY (i)
(ii)		 155,501
0 		0
0 		0
0 		15,067
0 		13,602
0 		184,170
0 		0
0
(5) MICHAEL MORRISON (i)
(ii)		 211,676
0 		0
0 		775
0 		23,354
0 		13,169
0 		248,974
0 		0
0
(6) NORMAN LOFGREN (i)
(ii)		 167,741
0 		0
0 		508
0 		18,047
0 		16,829
0 		203,125
0 		0
0
(7) DAVID JEFFREY (i)
(ii)		 168,003
0 		0
0 		0
0 		18,361
0 		25,829
0 		212,193
0 		0
0
(8) BRIAN NORWOOD (i)
(ii)		 350,990
0 		14,420
0 		4,544
0 		26,460
0 		14,186
0 		410,600
0 		0
0
(9) STEPHEN SMITH (i)
(ii)		 283,733
0 		38,783
0 		20,146
0 		26,460
0 		18,827
0 		387,949
0 		0
0
(10) SCOTT DREW (i)
(ii)		 1,826,240
0 		267,000
0 		22,836
0 		26,460
0 		14,305
0 		2,156,841
0 		0
0
(11) KIM MULKEY (i)
(ii)		 1,060,549
0 		85,000
0 		27,857
0 		26,460
0 		13,052
0 		1,212,918
0 		0
0
(12) ARTHUR BRILES (i)
(ii)		 1,874,775
0 		300,000
0 		17,885
0 		26,460
0 		13,687
0 		2,232,807
0 		0
0
(13) IAN MCCAW (i)
(ii)		 351,656
0 		97,500
0 		8,243
0 		26,460
0 		14,367
0 		498,226
0 		0
0
(14) LEE NORDT (i)
(ii)		 212,917
0 		0
0 		70
0 		23,063
0 		21,126
0 		257,176
0 		0
0
(15) BOB C SPENCE (i)
(ii)		 194,324
0 		0
0 		1,271
0 		21,760
0 		15,726
0 		233,081
0 		0
0
(16) PATTIE ORR (i)
(ii)		 225,405
0 		0
0 		1,063
0 		24,834
0 		19,954
0 		271,256
0 		0
0
(17) DENNIS PRESCOTT (i)
(ii)		 306,027
0 		0
0 		9,413
0 		26,460
0 		18,003
0 		359,903
0 		0
0
(18) REAGAN RAMSOWER (i)
(ii)		 278,920
0 		0
0 		1,536
0 		26,460
0 		13,298
0 		320,214
0 		0
0
(19) JOHN BARRY (i)
(ii)		 210,218
0 		0
0 		11,898
0 		22,322
0 		66,437
0 		310,875
0 		0
0
(20) KEVIN JACKSON (i)
(ii)		 224,557
0 		0
0 		1,409
0 		20,777
0 		14,348
0 		261,091
0 		0
0
(21) CHARLES BECKENHAUER (i)
(ii)		 239,981
0 		0
0 		1,280
0 		25,653
0 		13,275
0 		280,189
0 		0
0
(22) ELIZABETH DAVIS (i)
(ii)		 271,987
0 		0
0 		336
0 		26,167
0 		1,198
0 		299,688
0 		0
0
(23) DAVID GARLAND (i)
(ii)		 170,222
0 		0
0 		2,865
0 		26,460
0 		41,193
0 		240,740
0 		0
0
(24) ROY BRIAN WEBB (i)
(ii)		 141,588
0 		50,000
0 		526
0 		15,435
0 		10,241
0 		217,790
0 		0
0
(25) KENNETH STARR (i)
(ii)		 317,921
0 		0
0 		4,728
0 		65,435
0 		25,781
0 		413,865
0 		0
0
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
First-class or charter travel Schedule J, Part I, Line 1a FIRST-CLASS OR CHARTER TRAVEL - A FEW BAYLOR REGENTS AND/OR OFFICERS OCCASIONALLY TRAVEL ON A CHARTER FLIGHT PROVIDED FOR ATHLETIC DEPARTMENT TEAM TRAVEL TO ENGAGE IN DONOR DEVELOPMENT EFFORTS AND EVENT OVERSIGHT ON BEHALF OF THE UNIVERSITY. ADDITIONALLY, THE BAYLOR PLANE, OR A CHARTER FLIGHT, IS OCCASIONALLY USED TO TRANSPORT A REGENT TO A BOARD MEETING OR TO PERFORM A UNIVERSITY BUSINESS FUNCTION. OFFICERS OF THE UNIVERSITY AND OCCASIONALLY KEY EMPLOYEES USE THE BAYLOR PLANE OR CHARTER FLIGHT TO CONDUCT UNIVERSITY BUSINESS, SUCH AS TO ATTEND MEETINGS/CONFERENCES, DONOR CULTIVATION, OR FUNDRAISING EVENTS. CERTAIN HIGHLY COMPENSATED EMPLOYEES TRAVEL ON CHARTER FLIGHTS WITH THEIR RESPECTIVE ATHLETIC TEAMS TO ATTEND ATHLETIC EVENTS. OCCASIONALLY, THE BAYLOR PLANE IS USED BY A HIGHLY COMPENSATED EMPLOYEE FOR STUDENT ATHLETIC RECRUITING PURPOSES, ATTEND A MEDIA EVENT, ATTEND A DONOR EVENT, OR ATTEND A CONFERENCE/CLINIC. FLIGHTS WERE REVIEWED BY THE UNIVERSITY AND ANY PART OF A FLIGHT THAT WAS NOT BUSINESS RELATED WAS REPORTED AS TAXABLE COMPENSATION.
Travel for companions Schedule J, Part I, Line 1a TRAVEL FOR COMPANIONS - OCCASIONALLY, A GUEST OR FAMILY MEMBER OF A LISTED PERSON IS PROVIDED TRAVEL. THESE TRIPS ARE REVIEWED BY THE UNIVERSITY, AND THE VALUE OF SUCH TRAVEL IS REPORTED AS TAXABLE COMPENSATION TO THE LISTED PERSON IF NO BONA FIDE BUSINESS PURPOSE EXISTS FOR THE COMPANION TRAVEL.
Tax indemnification and gross-up payments Schedule J, Part I, Line 1a TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - JOHN BARRY RECEIVED GROSS-UP PAYMENTS PER EMPLOYMENT CONTRACTUAL ARRANGEMENTS. THE FULL AMOUNT WAS REPORTED AS TAXABLE INCOME INCLUDING THE TAX ON THE GROSSUP PAYMENT. THE UNIVERSITY MAY OCCASIONALLY GROSS-UP OTHER PAYMENTS, BUT ALL SUCH PAYMENTS ARE INCLUDED IN THE TAXABLE INCOME OF THE APPLICABLE EMPLOYEE.
Housing allowance or residence for personal use Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - STEPHEN SMITH, HEAD BASEBALL COACH, RECEIVED A HOUSING ALLOWANCE AS PART OF HIS COMPENSATION. THE HOUSING ALLOWANCE WAS REPORTED AS TAXABLE COMPENSATION. THE CONTRACT WAS AMENDED IN 2010, AND THIS YEAR WAS THE LAST YEAR THE HOUSING ALLOWANCE WAS PROVIDED. DR. DAVID GARLAND RECEIVED A MINISTER'S HOUSING ALLOWANCE WHICH WAS ASSOCIATED WITH THE PROVISION OF SERVICES RELATED TO MINISTERIAL DUTIES AND THUS APPROPRIATELY NOT REPORTED AS TAXABLE COMPENSATION. BAYLOR PROVIDES THE PRESIDENT WITH A HOUSE AS A CONDITION OF EMPLOYMENT AND FOR THE COVENIEINCE OF THE UNIVERSITY. THE PROVSION OF THE HOUSE IS NOT INCLUDED AS TAXABLE COMPENSATION.
Health or social club dues or initiation fees Schedule J, Part I, Line 1a SOCIAL CLUB DUES OR INITIATION FEES - CERTAIN OFFICERS AND HIGHLY COMPENSATED EMPLOYEES ARE PROVIDED COUNTRY CLUB MEMBERSHIPS IN ONE OR TWO LOCAL CLUBS. CLUB MEMBERSHIPS WERE REPORTED AS TAXABLE COMPENSATION EXCEPT FOR THAT PORTION OF USAGE THAT WAS FOR BUSINESS PURPOSES. THE EMPLOYEES REPORT ANY BUSINESS USAGE OF THE CLUBS ON A MONTHLY BASIS. BEGINNING WITH THE LAST QUARTER OF 2010, ALL CLUB MEMBERSHIP FEES WERE INCLUDED AS TAXABLE INCOME.
Personal services Schedule J, Part I, Line 1a PERSONAL SERVICES - BAYLOR PROVIDES HOUSEKEEPING SERVICES FOR THE UNIVERSITY-PROVIDED HOUSE FOR THE PRESIDENT. THE PORTION OF THE HOUSEKEEPING EXPENSES THAT WERE USED FOR PERSONAL PURPOSES WERE INCLUDED AS TAXABLE INCOME TO THE PRESIDENT.
Written policy regarding payment or reimbursement of expenses Schedule J, Part I, Line 1b THE UNIVERSITY HAS A WRITTEN POLICY FOR THE FOLLOWING BENEFITS: FIRST-CLASS TRAVEL AND CHARTER TRAVEL, TRAVEL FOR COMPANIONS, AND CLUB MEMBERSHIPS. THE CHARTER TRAVEL POLICY ADDRESSES USAGE OF THE BAYLOR-OWNED PLANE. OTHER CHARTER TRAVEL USED BY THE ATHLETIC DEPARTMENT FOR TEAM TRAVEL IS BASED UPON THE NEED OF THE SPORT. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS REQUIRE BOARD OF REGENTS APPROVAL. THE HOUSING ALLOWANCE IS BASED UPON THE CONTRACTUAL ARRANGEMENT WITH THE PARTICULAR EMPLOYEE AND IS INCLUDED AS PART OF COMPENSATION. HOUSEKEEPING SERVICES ARE HANDLED AS NOTED ABOVE.
Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b PRESIDENT KEN STARR PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER INTERNAL REVENUE CODE SECTION 457(F). KEN STARR RECEIVED AN ACCRUED BENEFIT OF $50,000 DURING 2010. THE ACCRUED DEFERRED COMPENSATION SHALL VEST ON MAY 31, 2015 IF HE IS STILL EMPLOYED AT BAYLOR.
Compensation contingent on revenues of the organization Schedule J, Part I, Line 5a HEAD BASEBALL COACH RECEIVES A PERCENTAGE OF GROSS TICKET SALES FOR HOME BASEBALL GAMES UNDER AN EMPLOYMENT CONTRACTUAL ARRANGEMENT RUNNING THROUGH 2011. THE EMPLOYMENT CONTRACT WAS AMENDED DURING 2010, AND THIS COMPENSATION PROVISION WAS REMOVED.
Payments on contract that is subject to the initial contract exception Schedule J, Part I, Line 8 FIXED PAYMENTS ASSOCIATED WITH THE CONTRACTS ENTERED INTO WITH KEVIN JACKSON AND KEN STARR ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. KEVIN JACKSON AND KEN STARR WERE NOT DISQUALIFIED PERSONS IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACTS.
Schedule J (Form 990) 2010

Additional Data


Software ID: 10000128
Software Version: v2010.1.0
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Schedule O (Form 990).
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number
74-1159753
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A WACO EDUCATION FINANCE CORPORATION
  		02-0603383 929833AP6 04-08-2008 271,184,519 REFUNDING OF PRIOR ISSUES 05/23/2002 AND 05/17/2006.   X   X   X
B CLIFTON HIGHER EDUCATION FINANCE CORPORATION
  		80-0349380 187154AV1 04-14-2011 110,202,345 REFUNDING/REFINANCING OF 2008B AND COMMERCIAL PAPER - 12/10/2008.   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired. . . . . 85,225,000 0    
2 Amount of bonds defeased . . . . 0 0    
3 Total proceeds of issue . . . . 271,211,761 110,202,348    
4 Gross proceeds in reserve funds . . 0 0    
5 Capitalized interest from proceeds. 0 0    
6 Proceeds in refunding escrow. . . . . 0 0    
7 Issuance costs from proceeds . . . 1,132,138 1,183,277    
8 Credit enhancement from proceeds. 72,544 0    
9 Working capital expenditures from proceeds . . 3,665,000 0    
10 Capital expenditures from proceeds . . 0 0    
11 Other spent proceeds . . 266,342,079 109,019,071    
12 Other unspent proceeds. . . 0 0    
13 Year of substantial completion . . .
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? X   X          
15 Were the bonds issued as part of an advance refunding issue?   X   X        
16 Has the final allocation of proceeds been made? . . X   X          
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . X   X          
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . .   X   X        
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . .   X   X        
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2010
Schedule K (Form 990) 2010
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use? X   X          
b Are there any research agreements that may result in private business use of bond-financed property? . . X   X          
c Does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts or research agreements relating to the financed property? . X   X          
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . . . . . . . . . . . . SchKMediumBullet 1.68 % 2.48 %    
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . SchKMediumBullet 0 % 0 %    
6 Total of lines 4 and 5 . . .. . . . . . 1.68 % 2.48 %    
7 Has the organization adopted management practices and procedures to ensure the post-issuance compliance of its tax-exempt bond liabilities? X   X          
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X        
2 Is the bond issue a variable rate issue? X     X        
3a Has the organization or the governmental issuer entered into a hedge with respect to the bond issue? X     X        
b Name of provider . BARCLAYS BANK LLP
  		 
  		 
  		 
 
c Term of hedge . . 22.5 0.0    
d Was the hedge superintegrated? .   X            
e Was a hedge terminated? .   X            
4a Were gross proceeds invested in a GIC? .   X   X        
b Name of provider .  
  		 
  		 
  		 
 
c Term of GIC . . 0.0 0.0    
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? .                
5 Were any gross proceeds invested beyond an available temporary period? .   X   X        
6 Did the bond issue qualify for an exception to rebate? . . . X   X          
Schedule K (Form 990) 2010

Schedule K (Form 990) 2010
Page 3
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
DETAILED EXPLANATIONS OF LINES 1-13 SCHEDULE K, PART II, COLUMN A LINE 1: THE AMOUNT OF THE BONDS RETIRED INCLUDES 79,550,000 OF THE SERIES 2008B BONDS (OF WHICH 5,675,000 REACHED MATURITY AND 73,875,000 WAS REFUNDED BY THE 2011 ISSUE) AND 5,675,000 OF THE SERIES 2008A BONDS THAT REACHED MATURITY. LINE 9: AMOUNT REPORTED IS SWAP TERMINATION FEES. LINE 11: AMOUNT USED TO REFUND CURRENT ISSUES. LINE 13: BAYLOR'S UNDERSTANDING IS THAT LINE 13 IS TO REPORT NEW MONEY PROJECTS, NOT AMOUNTS FOR A REFUND.
DETAILED EXPLANATIONS OF LINES 1-13 SCHEDULE K, PART II, COLUMN B LINE 11: $35,000,000 OF THE 2011 PROCEEDS WERE USED TO REFINANCE A PORTION OF COMMERCIAL PAPER LOAN, WHICH ORIGINALLY FINANCED MULTIPLE CAPITAL PROJECTS FOR THE UNIVERSITY. REMAINING AMOUNT USED TO REFUND CURRENT ISSUE. LINE 13: BAYLOR'S UNDERSTANDING IS THAT LINE 13 IS TO REPORT NEW MONEY PROJECTS, NOT AMOUNTS FOR A REFUNDING OR REFINANCING.
Schedule K (Form 990) 2010

Additional Data


Software ID: 10000128
Software Version: v2010.1.0

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
(1) NOT REQUIRED
  		NOT REQUIRED 27,000
(2) NOT REQUIRED
  		NOT REQUIRED 26,300
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2010
Schedule L (Form 990 or 990-EZ) 2010
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) CHARLES DAVIS
  		SPOUSE OF OFFICER ELIZABETH DAVIS 183,571 EMPLOYMENT   No
(2) RUTH PRESCOTT
  		SPOUSE OF OFFICER DENNIS PRESCOTT 169,163 EMPLOYMENT   No
(3) GREG HAMERLY
  		SON-IN-LAW OF OFFICER PATTIE ORR 128,989 EMPLOYMENT   No
(4) IVY HAMERLY
  		DAUGHTER OF OFFICER PATTIE ORR 53,148 EMPLOYMENT   No
(5) BAILEY INS AND RISK MANAGEMENT
  		ENTITY MORE THAN 35% OWNED BY REGENT WES BAILEY 195,000 INDEPENDENT CONTRACTOR   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
TYPE OF ASSISTANCE PROVIDED FORM 990, SCHEDULE L, PART II, LINE 1 THE $27,000 PROVIDED WAS MERIT SCHOLARSHIPS.
TYPE OF ASSISTANCE PROVIDED FORM 990, SCHEDULE L, PART II, LINE 2 THE $26,300 PROVIDED WAS NEED-BASED SCHOLARSHIPS.
Schedule L (Form 990 or 990-EZ) 2010

Additional Data


Software ID: 10000128
Software Version: v2010.1.0




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
contribution amounts
1 Art—Works of art .... X 3 41,836 OPINIONS OF EXPERTS
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 47,883 OPINIONS OF EXPERTS
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles .. X 1 2,600 SELLING COST
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 52 1,682,474 AVG OF HIGH & LOW MARKET VALUE ON DAY DONATED
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ... X 2 1,746 COST
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( PLANTS/PLANTERS ) X 2 3,408 COST
26 Other Right pointing arrow large image ( FURNITURE AND EQUIPMENT ) X 2 3,221 COST
27 Other Right pointing arrow large image ( TICKETS/SUITE ) X 3 13,416 MARKET VALUE
28 Other Right pointing arrow large image ( HORSES ) X 5 93,502 OPINIONS OF EXPERTS
Other Right pointing arrow large image ( FUNDRAISING ITEMS ) X 2 32 COST
Other Right pointing arrow large image ( FOOTBALL EQUIPMENT ) X 1 9,499 COST
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
8
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell non-cash
contributions? ............................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2010
Schedule M (Form 990) 2010
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33. Also complete this part for any additional information.
Identifier Return Reference Explanation
Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32a FOR STOCK GIFTS, THIRD PARTY BROKERS ARE USED TO TRADE THE STOCK. SUCH ARRANGEMENTS ARE BASED ON VARYING CENTS-PER-SHARE AND REQUIRE BAYLOR APPROVAL BEFORE A TRADE CAN BE CONDUCTED. THE MAJORITY OF TRADES ARE EXECUTED BY A "MARKET ORDER."
Explanation of revenues not reported Schedule M, Part I, Line 33 SOME ITEMS INCLUDED IN THE LIST ABOVE WERE VALUED AT $1.00. DONOR DID NOT PROVIDE THE UNIVERSITY WITH AN APPRAISAL, AND THE UNIVERSITY DID NOT HAVE OTHER KNOWLEDGE OF THE VALUATION OF THESE ITEMS. FOR THIS REASON, THE UNIVERSITY DID NOT SHOW REVENUE FOR THESE DONATIONS OTHER THAN $1.00, WHICH REPRESENTS RECEIPT OF THE ITEMS.
NUMBER OF CONTRIBUTIONS PART I, COLUMN (B) BAYLOR REPORTED THE RECEIPT OF THESE NONCASH CONTRIBUTIONS BASED ON THE NUMBER OF CONTRIBUTIONS WHICH AT TIMES ALSO EQUALS THE NUMBER OF ITEMS RECEIVED.
Schedule M (Form 990) 2010
Additional Data


Software ID: 10000128
Software Version: v2010.1.0
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Identifier Return Reference Explanation
Description of other program services Form 990, Part III, Line 4d OTHER - OTHER EXPENSES CONTAINED HEREIN ARE COMPRISED OF THE FOLLOWING: RESEARCH, PUBLIC SERVICES, AND AUXILIARY ENTERPRISES. BAYLOR ENGAGES IN RESEARCH WORK SPONSORED BY NUMEROUS FEDERAL, STATE, AND LOCAL AGENCIES. ADDITIONALLY, BAYLOR PROVIDES NON-INSTRUCTIONAL SERVICES THAT BENEFIT INDIVIDUALS AND GROUPS EXTERNAL TO BAYLOR. AUXILIARY ENTERPRISES ARE COMPRISED GENERALLY OF THE FOLLOWING ITEMS: RESIDENCE HALLS, DINING SERVICES, BOOKSTORE, AND VENDING SERVICES.
NUMBER REPORTED IN BOX 3 OF FORM 1096 FORM 990, PART V, LINE 1A INCLUDED IN THE NUMBER OF FORMS REPORTED IN BOX 3 OF FORM 1096 IS 19,034 1098-T FORMS AND 929 1098-E FORMS.
Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 REAGAN RAMSOWER AND ELIZABETH DAVIS - BUSINESS RELATIONSHIP
Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 BAYLOR'S CORPORATE DOCUMENTS WERE AMENDED TO ALLOW UP TO 25% OF ITS DIRECTORS TO BE "CHRISTIANS AND ACTIVE MEMBERS OF A LOCAL CHURCH FROM A HISTORIC CHRISTIAN TRADITION." ALL REMAINING DIRECTORS MUST BE BAPTIST AND ACTIVE MEMBERS OF A BAPTIST CHURCH. CERTAIN GOVERNANCE MATTERS WERE SPECIFICALLY RESERVED FOR THE BAPTIST DIRECTORS: (A) BAYLOR'S RELATIONSHIP AGREEMENT WITH THE BAPTIST GENERAL CONVENTION OF TEXAS; (B) THEOLOGICAL MATTERS RELATED TO BAYLOR UNIVERSITY'S GEORGE W. TRUETT SEMINARY; AND (C) THE AMENDMENT OF CERTAIN SECTIONS IN BAYLOR'S BYLAWS RELATING TO BAYLOR'S BAPTIST AIMS AND IDEALS, RELIGIOUS QUALIFICATIONS OF DIRECTORS, AND THE TRANSFER OF BAYLOR'S ASSETS UPON DISSOLUTION.
Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a THE BAPTIST GENERAL CONVENTION OF TEXAS, A NONPROFIT TEXAS CORPORATION, HAS THE AUTHORITY TO ELECT ONE QUARTER OF THE MEMBERS OF BAYLOR UNIVERSITY'S BOARD OF DIRECTORS.
Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b BAYLOR UNIVERSITY'S BOARD OF REGENTS MAY BE REQUIRED TO OBTAIN APPROVAL FROM THE BAPTIST GENERAL CONVENTION OF TEXAS REGARDING CERTAIN CHANGES TO ITS GOVERNING DOCUMENTS WHICH ADDRESS BOARD COMPOSITION.
Monitoring compliance of local unit's activities Form 990, Part VI, Section B, Line 10b ONE OF THE DISREGARDED ENTITIES WAS FORMED FOR THE SPECIFIC PURPOSE OF HOLDING PROPERTY FOR A SHORT DURATION. ENTITY PERFORMED NO OTHER FUNCTION AND ENGAGED IN NO OTHER BUSINESS DURING THE TAX YEAR. THE OTHER FOUR DISREGARDED ENTITIES ARE GRANTOR TYPE TRUSTS, IN WHICH ONE OF THE TRUST'S SOLE PURPOSE IS TO ACQUIRE PROPERTIES FOR THE UNIVERSITY, TWO TRUSTS PROVIDE SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY, AND THE FOURTH TRUST IS AN INVESTMENT VEHICLE IN WHICH BAYLOR HAS A VERY SMALL INTEREST. BECAUSE OF THE LIMITED ROLE OF THESE ENTITIES, BAYLOR DID NOT DEVELOP ANY WRITTEN POLICIES AND PROCEDURES GOVERNING THE ACTIVITIES OF THESE ENTITIES.
Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE RETURN WAS REVIEWED BY THE UNIVERSITY'S OUTSIDE TAX ACCOUNTANTS. ADDITIONALLY, A COPY OF THE FORM 990 WAS DISTRIBUTED TO ALL REGENTS AND A REVIEW OF THE FORM 990 WAS PERFORMED BY THE REGENT AUDIT COMMITTEE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE ASSOCIATE VICE PRESIDENT FOR FINANCIAL SERVICES AND TREASURER, THE DIRECTOR OF TAX AND COMPLIANCE ACCOUNTING, AND THE DIRECTOR OF INTERNAL AUDIT REVIEWED, DISCUSSED, AND ANSWERED QUESTIONS REGARDING THE FORM 990 AND ATTACHED SCHEDULES WITH THE REGENT AUDIT COMMITTEE. THE REVIEW WAS CONDUCTED, AND A COPY OF THE RETURN AS FILED WAS PROVIDED TO ALL REGENTS PRIOR TO THE FILING OF THE FORM 990.
Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE BAYLOR UNIVERSITY BOARD OF REGENTS. THE REGENTS OBTAIN AND REVIEW APPROPRIATE COMPARABLE COMPENSATION DATA PRIOR TO APPROVING COMPENSATION ARRANGEMENTS. THE REGENTS DOCUMENT THE BASIS OF THEIR DETERMINATIONS AND ACTIONS CONCURRENTLY WITH MAKING THE DETERMINATION. THIS DOCUMENTATION INCLUDES THE TERMS OF EACH TRANSACTION, THE DATE OF APPROVAL, THE NAMES OF REGENTS PRESENT DURING THE REVIEW AND VOTE ON THE TRANSACTION, THE COMPARABILITY DATA RELIED UPON, AND THE BASIS FOR THE DETERMINATION.
Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE BAYLOR UNIVERSITY BOARD OF REGENTS. THE REGENTS OBTAIN AND REVIEW APPROPRIATE COMPARABLE COMPENSATION DATA PRIOR TO APPROVING COMPENSATION ARRANGEMENTS. THE REGENTS DOCUMENT THE BASIS OF THEIR DETERMINATIONS AND ACTIONS CONCURRENTLY WITH MAKING THE DETERMINATION. THIS DOCUMENTATION INCLUDES THE TERMS OF EACH TRANSACTION, THE DATE OF APPROVAL, THE NAMES OF REGENTS PRESENT DURING THE REVIEW AND VOTE ON THE TRANSACTION, THE COMPARABILITY DATA RELIED UPON, AND THE BASIS FOR THE DETERMINATION. ALL OFFICERS AND KEY EMPLOYEES THAT ARE INCLUDED IN PART VII, SECTION A WERE REVIEWED UNDER THIS PROCESS IN 2010-2011.
Public Disclosure Form 990, Part VI, Section C, Line 19 BAYLOR'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICIES FOR FACULTY AND OFFICERS, ADMINISTRATIVE EMPLOYEES, AND OTHER EMPLOYEES ARE POSTED ON BAYLOR'S WEBSITE. THE UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY FOR REGENTS ARE NOT AVAILABLE TO THE PUBLIC.
WRITTEN CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINES 12A & B BAYLOR HAD A WRITTEN CONFLICT OF INTEREST POLICY FOR BOTH REGENTS AND STAFF/FACULTY IN EFFECT DURING THE TAX YEAR; HOWEVER, IT HAD NOT BEEN FORMALLY APPROVED BY THE REGENTS. THE WRITTEN POLICY WAS FORMALLY REVIEWED AND ADOPTED BY THE FULL GOVERNING BOARD SUBSEQUENT TO THE CLOSE OF THE TAX YEAR. ADDITIONALLY, ALL REGENTS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
WRITTEN CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C BAYLOR UNIVERSITY MAINTAINS THREE SEPARATE CONFLICT OF INTEREST POLICIES APPLICABLE TO THE FOLLOWING GROUPS: (1) REGENTS; (2) OFFICERS, ADMINISTRATIVE EMPLOYEES AND OTHER EMPLOYEES; AND (3) FACULTY. EACH GROUP IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. REGENTS: THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS REVIEWS ALL COMPLETED REGENT CONFLICT DISCLOSURE FORMS AND CONSULTS WITH THE PRESIDENT, VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, GENERAL COUNSEL, AND OTHER UNIVERSITY ADMINISTRATORS, IF NECESSARY. A FINAL REPORT IS PREPARED FOR REVIEW BY THE REGENT AUDIT COMMITTEE. A REGENT IS NOT ALLOWED TO BE INVOLVED IN DISCUSSIONS, NOR VOTE ON RELATED MATTERS, SHOULD A CONFLICT OF INTEREST EXIST. OFFICERS, ADMINISTRATIVE EMPLOYEES AND OTHER EMPLOYEES: THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS REVIEWS ALL COMPLETED CONFLICT DISCLOSURE FORMS AND CONSULTS WITH THE PRESIDENT, GENERAL COUNSEL, VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES, AND OTHER UNIVERSITY ADMINISTRATORS, IF NECESSARY. A FINAL REPORT OF ALL POTENTIAL CONFLICTS INCLUDING THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS' OPINION AS TO WHETHER A CONFLICT OF INTEREST EXISTS IS PROVIDED TO THE PRESIDENT AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. SHOULD THE DIRECTOR AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION DIFFER IN OPINION AS TO WHETHER A CONFLICT OF INTEREST EXISTS, THEN A FINAL DECISION IS MADE BY THE PRESIDENT. HOWEVER, FOR POTENTIAL CONFLICTS REPORTED BY THE PRESIDENT AND HIS DIRECT REPORTS, THE REGENT AUDIT COMMITTEE WILL REVIEW THOSE MATTERS AND MAKE THE FINAL DECISION. A FINAL REPORT OF ALL POTENTIAL CONFLICTS INCLUDING THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS' OPINION AS TO WHETHER A CONFLICT EXISTS IS PROVIDED TO THE REGENT AUDIT COMMITTEE. FACULTY: THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS AND PROVOST REVIEW ALL COMPLETED CONFLICT DISCLOSURE FORMS AND CONSULT WITH THE PRESIDENT, GENERAL COUNSEL, ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES, AND OTHER UNIVERSITY ADMINISTRATORS , IF NECESSARY. SHOULD THE DIRECTOR AND THE PROVOST DIFFER IN OPINION AS TO WHETHER A CONFLICT OF INTEREST EXISTS, THEN A FINAL DECISION IS MADE BY THE PRESIDENT. A FINAL REPORT OF ALL POTENTIAL CONFLICTS INCLUDING THE DIRECTOR OF INTERNAL AUDIT AND MANAGEMENT ANALYSIS' OPINION AS TO WHETHER A CONFLICT EXISTS IS PROVIDED TO THE REGENT AUDIT COMMITTEE. FACULTY AND STAFF ARE RESTRICTED FROM PARTICIPATING IN THE DECISION-MAKING PROCESS FOR THOSE TRANSACTIONS THAT INVOLVE THE ACQUISITION OF GOODS OR SERVICES SHOULD A CONFLICT OF INTEREST EXIST.
WRITTEN WHISTLEBLOWER POLICY FORM 990, PART VI, SECTION B, LINE 13 ALTHOUGH BAYLOR HAS HAD, FOR A NUMBER OF YEARS, WHISTLEBLOWER PROCEDURES IN PLACE USING THE ETHICS POINT HOTLINE REPORTING SYSTEM, A WRITTEN WHISTLEBLOWER POLICY WAS FORMALLY REVIEWED AND ADOPTED BY THE FULL GOVERNING BOARD SUBSEQUENT TO THE CLOSE OF THE TAX YEAR.
WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14 THE UNIVERSITY ADHERES TO ALL LAWS AND REGULATIONS REGARDING THE RETENTION AND DESTRUCTION OF DOCUMENTS. SEVERAL DEPARTMENTS WITHIN THE UNIVERSITY, INCLUDING FINANCIAL SERVICES, MAINTAIN A WRITTEN POLICY ADDRESSING DOCUMENT RETENTION AND DESTRUCTION. A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FOR THE ENTIRE UNIVERSITY WAS FORMALLY REVIEWED AND ADOPTED BY THE FULL GOVERNING BOARD SUBSEQUENT TO THE CLOSE OF THE TAX YEAR.
JOINT VENTURE POLICY OR PROCEDURE FORM 990, PART VI, SECTION B, LINE 16B BAYLOR HAS NOT FORMALLY ADOPTED A WRITTEN POLICY OR PROCEDURE REGARDING JOINT VENTURES. THERE WERE TWO JOINT VENTURE INVESTMENTS THAT TRIGGERED THE "YES" RESPONSE TO PART VI, QUESTION 16A. ONE WAS GIFTED TO BAYLOR BY A BENEFACTOR AND PRODUCES AN IMMATERIAL AMOUNT OF INCOME TO THE UNIVERSITY. THE SECOND VENTURE INVOLVES THE UNIVERSITY TAKING A VERY SMALL EQUITY INTEREST IN A START-UP COMPANY IN WHICH THE UNIVERSITY HAS THE PATENT RIGHTS AND LICENSED OUT THESE RIGHTS IN RETURN FOR A ROYALTY PAYMENT. IN GENERAL, BAYLOR WILL NOT ENTER INTO A JOINT VENTURE OR INVESTMENT AGREEMENT UNLESS (1) THE UNIVERSITY AT ALL TIMES RETAINS CONTROL OVER THE VENTURE SUFFICIENT TO ENSURE THAT THE PARTNERSHIP FURTHERS THE EXEMPT PURPOSE OF THE UNIVERSITY; (2) IN ANY PARTNERSHIP IN WHICH THE UNIVERSITY IS A PARTNER, ACHIEVEMENT OF EXEMPT PURPOSES IS PRIORITIZED OVER MAXIMIZATION OF PROFITS FOR THE PARTNERS; (3) THE PARTNERSHIP DOES NOT ENGAGE IN ANY ACTIVITIES THAT WOULD JEOPARDIZE THE UNIVERSITY'S EXEMPTION; AND (4) ALL CONTRACTS ENTERED INTO BY THE PARTNERSHIP WITH THE UNIVERSITY MUST BE AT ARM'S-LENGTH, WITH PRICES SET AT FAIR MARKET VALUE.
COMPENSATION FROM RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (E) BAYLOR TRANSMITS AN ANNUAL QUESTIONNAIRE WITH PERTINENT INSTRUCTIONS AND DEFINITIONS TO EACH OF ITS CURRENT AND FORMER REGENTS, OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES INQUIRING INTO AMOUNTS OF ANY REPORTABLE COMPENSATION OR OTHER COMPENSATION THAT WAS RECEIVED BY THESE INDIVIDUALS FROM A RELATED ORGANIZATION. THE QUESTIONNAIRE INCLUDES THE NAME, TITLE, DATE, AND SIGNATURE OF EACH PERSON REPORTING THE INFORMATION TO BAYLOR.
Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - XXX-XX-XXXX; PRESENT VALUE ADJUSTMENT TO ANNUITIES PAYABLE - 4727187; GAIN ON INTEREST RATE SWAP - -1067874; REALIZED GAINS/LOSSES ON INVESTMENTS - -941797; LOSS ON DISPOSAL OF PROPERTY & EQUIPMENT - -470198; CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS - -2078671; GAIN/LOSS ON EARLY PAYOFF OF DEBT - -301556; DISPOSITION OF PROPERTY TO CENTRAL TEXAS TECHNOLOGY AND RESEARCH PARK - 3315751; OTHER - 1725812;
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID: 10000128
Software Version: v2010.1.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
BAYLOR UNIVERSITY
 
Employer identification number

74-1159753
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity







(1) WACO RESEARCH PARK PROPERTY LLC
350 N SAINT PAUL ST SUITE 2900
DALLAS,TX752014234
 HOLDING PROPERTY TX 0 0 NA
 
(2) SACO REALTY INVESTMENT TRUST - REV
PO BOX 41629 MAC T5283-016
AUSTIN,TX78704
27-6249806 		REAL ESTATE HOLDING AND MANAGEMENT TX 50,639 1,941,240 NA
 
(3) TR UA GEORGE AND SID JONES TRUST #0842
COMMUNITY BANK AND TRUST POB 2303
WACO,TX76703
74-6157568 		GRANTOR TRUST IN SUPPORT OF BAYLOR TX 72,836 1,267,654 NA
 
(4) MARY ANN KOKERNOT LAWRENCE LACY TRUST
COMMUNITY BANK AND TRUST POB 2303
WACO,TX76703
 GRANTOR TRUST IN SUPPORT OF BAYLOR TX 0 269,109 NA
 
(5) STEEL PARTNERS II LIQUIDATING SERIES TRUST
590 MADISON AVE 32ND FLR
NEW YORK,NY10022
27-6135437 		LIQUIDATING GRANTOR TRUST NY 42,439 659,734 NA
 
(6) STEEL PARTNERS II (ONSHORE) LP
590 MADISON AVENUE 32ND FLOOR
NEW YORK,NY10022
80-6192659 		GRANTOR TRUST HOLDING RESERVES IN ESCROW NY 0 134,618 NA
 
(7) THE FMVP II LIQUIDATING TRUST
120 WEST 45TH STREET 19TH FLOOR
NEW YORK,NY10036
35-6859583 		LIQUIDATING GRANTOR TRUST NY -115,729 39,376 NA
 
Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

PO BOX 97296

WACO,TX76798
74-2674611 		PROVIDE AND PROMOTE QUALITY EDUCATIONAL PROGRAMMING TX 501(C)(3) 7 BAYLOR UNIVERSITY
 
Yes
 
(2) BAYLOR UNIVERSITY WOMEN'S COUNCIL OF DALLAS INC

700 N PEARL STREET SUITE 1100

DALLAS,TX75201
75-2236939 		SCHOLARSHIP FUNDRAISING TX 501(C)(3) 11 - Type II NA
 
 
No
(3) FB KIRCHNER SCHOLARSHIP FUND #6886

FROST NATIONAL BANK PO BOX 2950

SAN ANTONIO,TX78299
74-2646348 		PROVISION OF SCHOLARSHIPS TX 501(C)(3) 11 - Type III - Oth BAYLOR UNIVERSITY
 
Yes
 
(4) BRYAN NICHOLS SCHOLARSHIPS TRUST 332

118 S HOUSTON AVENUE

CAMERON,TX765203932
74-6438292 		PROVISION OF SCHOLARSHIPS TX 501(C)(3) PF BAYLOR UNIVERSITY
 
Yes
 
(5) HAROLD E RILEY FOUNDATION

PO BOX 149151

AUSTIN,TX787149151
30-0181669 		SUPPORT OF BAYLOR AND SW THEOLOGICAL SEMINARY. TX 501(C)(3) 11 - Type I NA
 
 
No
(6) BAYLOR BEAR FOUNDATION

150 BEAR RUN

WACO,TX76711
75-2172398 		SUPPORT OF BAYLOR UNIVERSITY ATHLETICS TX 501(C)(3) 9 NA
 
 
No
(7) FLEMING CHURCH LOAN TRUST

1601 ELM STREET SUITE 1700

DALLAS,TX752017241
75-6035987 		TRUST SUPPORTING BAYLOR UNIVERSITY, AS WELL AS OTHER ORGANIZATIONS TX 501(C)(3) 11 - Type II NA
 
 
No
(8) KOKERNOT TRUST

1601 ELM STREET SUITE 1700

DALLAS,TX752017241
75-6040747 		TRUST WHICH PAYS INCOME IN SUPPORT OF BAYLOR UNIVERSITY AND OTHER UNIVERSITIES TX 501(C)(3) 11 - Type II BAYLOR UNIVERSITY
 
Yes
 
(9) EPS ELEEMOSYNARY TRUST

1304 ENTERPRISE BLVD

LAKE CHARLES,LA70601
72-6204020 		TRUST SUPPORTS COLLEGES AND OPERAS LA 501(C)(3) 11 - Type II NA
 
 
No
(10) BIG TWELVE CONFERENCE INC

400 E JOHN CARPENTER FREEWAY

IRVING,TX75062
75-2604555 		ORGANIZE, PROMOTE AND ADMINISTER INTERCOLLEGIATE ATHLETICS AMONG ITS MEMBER INSTITUTIONS TX 501(C)(3) 11 - Type I NA
 
 
No
(11) THE MARRS MCLEAN TRUST #4876-01

PO BOX 2950

SAN ANTONIO,TX78299
74-6342783 		TRUST SUPPORTS BAYLOR UNIVERSITY AND OTHER COLLEGES TX 501(C)(3) 11 - Type III - Oth NA
 
 
No
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership
(1) CENTRAL TEXAS TECHNOLOGY AND RESEARCH PARK
ONE BEAR PLACE 97043
WACO,TX767987043
27-3848177 		HOLDING COMPANY TX NA
  		C CORPORATION 0 3,315,751 100 %












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
Yes
 
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
Yes
 
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
Yes
 
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 A 6,921 COST
(2) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 B 227,539 CASH CONTRIBUTIONS
(3) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 D 199,616 CASH
(4) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 G 70,484 COST
(5) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 K 469,044 COST
(6) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 L 174,861 COST
(7) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 M 129,835 ESTIMATED FAIR MARKET VALUE
(8) BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION DBA KWBU-34

 Q 882,971 FORGIVENESS OF DEBT - COST
(9) CENTRAL TEXAS TECHNOLOGY AND RESEARCH PARK

 B 3,315,751 COST
(10) CENTRAL TEXAS TECHNOLOGY AND RESEARCH PARK

 J 1 LEASE AGREEMENT
(11) FB KIRCHNER SCHOLARSHIP FUND #6886

 A 17,328 CASH
(12) BRYAN NICHOLS SCHOARSHIP TRUST 332

 A 5,415 CASH
(13) KOKERNOT TRUST

 A 276,067 CASH
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


Software ID: 10000128
Software Version: v2010.1.0