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Nonprofiteer
← UNIVERSITY OF MARY HARDIN-BAYLOR

Form 990 for tax year 2023

Filed by UNIVERSITY OF MARY HARDIN-BAYLOR.

Totals

Total revenue
$138,565,929
Total expenses
$129,446,162
Contributions and grants received
$7,661,627
Grants paid
$34,552,555
Program service revenue
$123,176,298
Investment income
$7,723,987
Other revenue
$4,017
Total assets, end of year
$409,793,919
Total liabilities, end of year
$47,403,434
Net assets or fund balances, end of year
$362,390,485
Program services expenses (Part IX)
$117,993,933
Management and general expenses
$8,560,899
Fundraising expenses
$2,891,330
Program service expenses (Part III)
$117,993,933

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $668,905

  • 1f · All other contributions, gifts and grants

    $6,992,722

  • 1g · Noncash contributions included above

    $1,095,056

  • 2a · Program service revenue: TUITION AND FEES

    total $101,972,110 · related or exempt $101,972,110

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $16,855,348 · related or exempt $16,855,348

  • 2c · Program service revenue: STUDENT RELATED CHARGES

    total $4,348,840 · related or exempt $4,348,840

  • 3 · Investment income

    total $7,609,847 · excluded $7,609,847

  • 7a · Gross sales of assets other than inventory

    securities $4,526,984

  • 7b · Less cost or other basis and sales expenses

    securities $4,412,844

  • 7c · Gain or loss

    securities $114,140

  • 7d · Net gain or loss

    total $114,140 · excluded $114,140

  • 11a · Other revenue: SPONSORSHIP UBIT REVENUE

    total $4,017 · unrelated business $4,017

  • 11e · Other revenue, total

    $4,017

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $34,233,835 · program services $34,233,835

  • 3 · Grants to foreign organizations and individuals

    total $318,720 · program services $318,720

  • 5 · Compensation of officers, directors and key employees

    total $2,966,076 · program services $1,115,411 · management and general $1,279,658 · fundraising $571,007

  • 7 · Other salaries and wages

    total $37,659,815 · program services $33,768,694 · management and general $2,786,848 · fundraising $1,104,273

  • 8 · Pension plan contributions

    total $2,305,516 · program services $2,071,693 · management and general $170,085 · fundraising $63,738

  • 9 · Other employee benefits

    total $5,235,274 · program services $4,540,945 · management and general $395,398 · fundraising $298,931

  • 10 · Payroll taxes

    total $2,795,371 · program services $2,440,031 · management and general $238,372 · fundraising $116,968

  • 11b · Fees: legal

    total $179,618 · program services $7,510 · management and general $172,108

  • 11c · Fees: accounting

    total $65,800 · management and general $65,800

  • 11g · Fees: other

    total $4,560,097 · program services $4,558,098 · management and general $1,999

  • 12 · Advertising and promotion

    total $253,545 · program services $140,707 · management and general $28,679 · fundraising $84,159

  • 13 · Office expenses

    total $4,064,097 · program services $3,642,252 · management and general $187,023 · fundraising $234,822

  • 16 · Occupancy

    total $3,041,496 · program services $3,008,751 · management and general $32,745

  • 17 · Travel

    total $2,717,004 · program services $2,620,170 · management and general $35,446 · fundraising $61,388

  • 19 · Conferences, conventions and meetings

    total $422,996 · program services $396,708 · management and general $22,164 · fundraising $4,124

  • 20 · Interest

    total $1,099,595 · program services $1,099,595

  • 22 · Depreciation, depletion and amortization

    total $11,759,504 · program services $11,759,504

  • 23 · Insurance

    total $1,520,728 · program services $1,520,728

  • 24a · Other expenses: SERVICES

    total $6,786,145 · program services $5,293,872 · management and general $1,269,386 · fundraising $222,887

  • 24b · Other expenses: OTHER EXPENSES

    total $6,356,309 · program services $4,352,088 · management and general $1,875,188 · fundraising $129,033

  • 24c · Other expenses: BOOKSTORE PURCHASES

    total $1,104,621 · program services $1,104,621

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,102,991 · end of year $4,392,388

  • 2 · Savings and temporary cash investments

    beginning of year $19,885,985 · end of year $17,740,462

  • 3 · Pledges and grants receivable

    beginning of year $3,974,024 · end of year $3,672,934

  • 4 · Accounts receivable

    beginning of year $1,325,007 · end of year $1,180,621

  • 7 · Other notes and loans receivable

    beginning of year $1,790,916 · end of year $1,751,047

  • 8 · Inventories for sale or use

    beginning of year $421,150 · end of year $450,253

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,082,386 · end of year $2,417,301

  • 10a · Land, buildings and equipment: cost or other basis

    $345,091,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $158,717,223

  • 10c · Land, buildings and equipment, net

    beginning of year $184,268,977 · end of year $186,374,675

  • 12 · Investments: other securities

    beginning of year $171,902,674 · end of year $190,517,196

  • 15 · Other assets

    beginning of year $782,495 · end of year $1,297,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,794,162 · end of year $8,535,864

  • 19 · Deferred revenue

    beginning of year $5,212,994 · end of year $5,341,576

  • 20 · Tax-exempt bond liabilities

    beginning of year $27,930,790 · end of year $24,562,520

  • 25 · Other liabilities

    beginning of year $10,140,982 · end of year $8,963,474

  • 27 · Net assets without donor restrictions

    beginning of year $222,231,177 · end of year $238,806,104

  • 28 · Net assets with donor restrictions

    beginning of year $116,226,500 · end of year $123,584,381

Mission and programs · 2023

Mission

THE UNIVERSITY OF MARY HARDIN-BAYLOR PREPARES STUDENTS FOR LEADERSHIP, SERVICE, AND FAITH-INFORMED DISCRENMENT IN A GLOBAL SOCIETY. ACADEMIC EXCELLENCE, PERSONAL ATTENTION, BROAD-BASED SCHOLARSHIP AND A COMMITMENT TO A BAPTIST VISION FOR EDUCATION DISTINGUISH OUR CHRIST-CENTERED LEARNING COMMUNITY.

Activities or mission (Part I)

THE UNIVERSITY OF MARY HARDIN-BAYLOR PREPARES STUDENTS FOR LEADERSHIP, SERVICE, AND FAITH-INFORMED DISCERNMENT IN A GLOBAL SOCIETY. ACADEMIC EXCELLENCE, PERSONAL ATTENTION, BROAD-BASED SCHOLARSHIP AND A COMMITMENT TO A BAPTIST VISION FOR EDUCATION DISTINGUISH OUR CHRIST-CENTERED LEARNING COMMUNITY.

  • THE UNIVERSITY OF MARY HARDIN-BAYLOR PROVIDES AN EXCELLENT, CHRIST-CENTERED EDUCATION FOR APPROXIMATELY 3,200 STUDENTS ANNUALLY. THE UNIVERSITY ENHANCES ITS HIGH-QUALITY CURRICULUM WITH STUDENT SERVICES AND CAMPUS ACTIVITIES THAT SUPPORT STUDENTS' ACADEMIC AND SPIRITUAL GROWTH. AUXILIARY SERVICES SUCH AS CAMPUS HOUSING AND MEAL PLANS ARE DESIGNED TO MEET THE NEEDS AND TASTES OF TODAY'S STUDENTS; WHEN COMBINED WITH OUTSTANDING ACADEMIC AND ATHLETIC FACILITIES, THEY FORM A WORLD-CLASS COLLEGE ENVIRONMENT THAT CONTRIBUTES TO STUDENT SUCCESS.

    Expenses $117,993,933 · Grants $34,552,555 · Revenue $123,176,298

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Barclay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andy Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Betty Burns

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carl Hudson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cindy Roberts

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Tostrud

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vincent Arriaga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Don Al Ringler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Martin Knox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Steve Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Drayton McLane III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Glenn Hodge

    BUSINESS AND FINANCE COMMI

    Total calculated
    $0
    Hours/week
    1

  • Ingrid Depinto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jack Phelps

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jane Potter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janna Slechta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jerry Conner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Manning

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Loughlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Harkrider

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Johnnie Pechal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nelda Sanders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pam Manly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Perry Fulcher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Lindsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tamara Cross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ted Bartley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Terri Covington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vince J Banks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Willie Robertson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Ramm

    VP FOR BUSINESS & FINANCE

    Total calculated
    $324,455
    From this org
    $286,783
    From related orgs
    $0
    Other
    $37,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,233
    Bonus
    $62,525
    Other
    $25
    Deferred
    $22,792
    Nontaxable benefits
    $14,880
    Filer's total
    $324,455

  • John Vassar

    PROVOST & SR VP FOR ACADEM

    Total calculated
    $375,567
    From this org
    $316,951
    From related orgs
    $0
    Other
    $58,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,368
    Bonus
    $57,450
    Other
    $22,133
    Deferred
    $23,998
    Nontaxable benefits
    $34,618
    Filer's total
    $375,567

  • Randal O'Rear

    PRESIDENT

    Total calculated
    $765,450
    From this org
    $640,481
    From related orgs
    $0
    Other
    $124,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $463,427
    Bonus
    $167,250
    Other
    $9,804
    Deferred
    $35,000
    Nontaxable benefits
    $89,969
    Filer's total
    $765,450

  • Steve Theodore

    COO & SR VP FOR ADMIN

    Total calculated
    $375,971
    From this org
    $329,984
    From related orgs
    $0
    Other
    $45,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,834
    Bonus
    $80,150
    Other
    $0
    Deferred
    $25,875
    Nontaxable benefits
    $20,112
    Filer's total
    $375,971

  • Brandon Skaggs

    VP FOR STUDENT LIFE

    Total calculated
    $227,137
    From this org
    $197,279
    From related orgs
    $0
    Other
    $29,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,447
    Bonus
    $31,607
    Other
    $10,225
    Deferred
    $16,646
    Nontaxable benefits
    $13,212
    Filer's total
    $227,137

  • Cliffa Foster

    DEAN - SCHOOL OF EXERCISE

    Total calculated
    $252,593
    From this org
    $217,568
    From related orgs
    $0
    Other
    $35,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,389
    Bonus
    $1,576
    Other
    $63,603
    Deferred
    $21,720
    Nontaxable benefits
    $13,305
    Filer's total
    $252,593

  • Colin Wilborn

    EXECUTIVE DEAN - HEALTH SCI

    Total calculated
    $287,304
    From this org
    $243,696
    From related orgs
    $0
    Other
    $43,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,490
    Bonus
    $25,730
    Other
    $45,476
    Deferred
    $22,080
    Nontaxable benefits
    $21,528
    Filer's total
    $287,304

  • Rebecca O'Banion

    VP FOR UNIV RELATIONS

    Total calculated
    $223,183
    From this org
    $195,301
    From related orgs
    $0
    Other
    $27,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,104
    Bonus
    $13,877
    Other
    $1,320
    Deferred
    $14,577
    Nontaxable benefits
    $13,305
    Filer's total
    $223,183

  • Susan Owens

    VP FOR POLICY & RISK MGMT

    Total calculated
    $241,086
    From this org
    $206,721
    From related orgs
    $0
    Other
    $34,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,741
    Bonus
    $36,780
    Other
    $1,200
    Deferred
    $17,446
    Nontaxable benefits
    $16,919
    Filer's total
    $241,086

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT IS REQUIRED TO LIVE IN ON-CAMPUS HOUSING. THE VALUE OF EMPLOYER-PROVIDED HOME IS INCLUDED IN SCHEDULE J, PART II, COLUMN D - NON-TAXABLE BENEFITS.
PART I, LINE 7
FROM TIME TO TIME, THE UNIVERSITY PROVIDES DISCRETIONARY FLEXIBLE COMPENSATION TO ADMINISTRATORS, FACULTY AND STAFF. ANY DISCRETIONARY COMPENSATION IS EVALUATED AND APPROVED BY INDEPENDENT PARTIES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202541059349302134

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