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Nonprofiteer
← BAYLOR COLLEGE OF MEDICINE

Form 990 for tax year 2024

Filed by BAYLOR COLLEGE OF MEDICINE.

Totals

Total revenue
$2,979,794,649
Total expenses
$2,978,703,069
Contributions and grants received
$836,352,482
Grants paid
$139,206,617
Program services expenses (Part IX)
$2,737,946,150
Management and general expenses
$222,993,562
Fundraising expenses
$17,763,357
Program service expenses (Part III)
$2,737,946,150

Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTOPHER D WALLIS

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GAIL W STEWART

    trustee/secretary

    Total calculated
    $0
    Hours/week
    2

  • GREGORY D BRENNEMAN

    TRUSTEE/CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2

  • LARRY P HEARD

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM E MEARSE

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ALICIA A SABERIOON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANTONIO FALCON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BARBARA B ALLBRITTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BROOKS H MCGEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHARLES A WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER B SAROFIM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CHUCK WATSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CORBIN J ROBERTSON JR

    TRUSTEE (until 05-14-25)

    Total calculated
    $0
    Hours/week
    2

  • DAVID C BALDWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DAVID R DOMINY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELISE ELKINS JOSEPH

    TRUSTEE (until 11-20-24)

    Total calculated
    $0
    Hours/week
    2

  • ERIC MULLINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRED R LUMMIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • HENRY JN TAUB II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • IRA M MITZNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • J CARY GRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • J MURRY BOWDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JACK FIELDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES C FLORES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES T HACKETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAY A BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN F ANDERSON MD

    TRUSTEE (passed away 03-08-25)

    Total calculated
    $0
    Hours/week
    2

  • JOHN L NAU III

    TRUSTEE (until 05-14-25)

    Total calculated
    $0
    Hours/week
    2

  • KELLY HACKETT

    TRUSTEE (until 06-01-25)

    Total calculated
    $0
    Hours/week
    2

  • LARRY TAYLOR

    TRUSTEE (Beginning 08-26-24)

    Total calculated
    $0
    Hours/week
    2

  • LEE H ROSENTHAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LINDA A LIVINGSTONE PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARC J SHAPIRO

    TRUSTEE (until 05-14-25)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MARK A MCCOLLUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MELANIE GRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MICHAEL G MACDOUGALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL L FOSTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL W HOBBY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PRECIOUS W OWODUNNI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RALPH EADS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT J UNDERBRINK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT L BREWTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SARAH FOSHEE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SHAUNA J CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • T DOUGLAS LAWSON PHD

    TRUSTEE (until 02-21-25)

    Total calculated
    $0
    Hours/week
    2

  • TODD A REPPERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TRINIDAD MENDENHALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • VIJAY GORADIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WIL VANLOH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CAROLYN SMITH PHD

    SVP (interim 05-01-24 to 10-10-24) & DEAN-GRAD BIOMED SCI / RESEARCH

    Total calculated
    $667,709
    From this org
    $622,273
    From related orgs
    $0
    Other
    $45,436
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $394,000
    Other
    $3,273
    Deferred
    $28,487
    Nontaxable benefits
    $16,949
    Filer's total
    $667,709

  • CLAIRE BASSETT

    VP & CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $581,651
    From this org
    $459,031
    From related orgs
    $0
    Other
    $122,620
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $341,000
    Bonus
    $82,150
    Other
    $35,881
    Deferred
    $105,667
    Nontaxable benefits
    $16,953
    Filer's total
    $581,651

  • JAMES T MCDEAVITT MD

    SVP & DEAN OF CLINICAL AFFAIRS

    Total calculated
    $1,486,242
    From this org
    $1,214,511
    From related orgs
    $0
    Other
    $271,731
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $847,001
    Bonus
    $184,546
    Other
    $182,964
    Deferred
    $252,737
    Nontaxable benefits
    $18,994
    Filer's total
    $1,486,242

  • JOE DOTY

    SVP & CHIEF OPERATING OFFICER

    Total calculated
    $985,382
    From this org
    $805,351
    From related orgs
    $0
    Other
    $180,031
    Hours/week
    50 + 3 related

    Schedule J breakdown matched by us

    Base
    $607,373
    Bonus
    $91,106
    Other
    $106,872
    Deferred
    $160,524
    Nontaxable benefits
    $19,507
    Filer's total
    $985,382

  • LORIE TABAK

    CHIEF OF STAFF

    Total calculated
    $836,576
    From this org
    $678,865
    From related orgs
    $0
    Other
    $157,711
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $507,150
    Bonus
    $76,073
    Other
    $95,642
    Deferred
    $138,737
    Nontaxable benefits
    $18,974
    Filer's total
    $836,576

  • OSWALDO RAMIREZ

    CHIEF FINANCIAL OFFICER (interim 03-06-24 through 11-30-24)

    Total calculated
    $479,132
    From this org
    $433,741
    From related orgs
    $0
    Other
    $45,391
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $298,729
    Bonus
    $133,750
    Other
    $1,262
    Deferred
    $28,285
    Nontaxable benefits
    $17,106
    Filer's total
    $479,132

  • PAUL E KLOTMAN MD

    PRESIDENT/CEO, EXECUTIVE DEAN

    Total calculated
    $4,716,352
    From this org
    $4,028,822
    From related orgs
    $0
    Other
    $687,530
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,800,000
    Bonus
    $1,706,630
    Other
    $522,192
    Deferred
    $670,153
    Nontaxable benefits
    $17,377
    Filer's total
    $4,716,352

  • ROBERT F CORRIGAN JR JD

    SVP/GENERAL COUNSEL, CORP SEC

    Total calculated
    $930,383
    From this org
    $753,744
    From related orgs
    $0
    Other
    $176,639
    Hours/week
    50 + 3 related

    Schedule J breakdown matched by us

    Base
    $566,961
    Bonus
    $85,044
    Other
    $101,739
    Deferred
    $157,342
    Nontaxable benefits
    $19,297
    Filer's total
    $930,383

  • STEPHANIE YOUNG

    SVP, INSTITUTIONAL ADVANCEMENT

    Total calculated
    $709,710
    From this org
    $612,899
    From related orgs
    $0
    Other
    $96,811
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $494,500
    Bonus
    $74,175
    Other
    $44,224
    Deferred
    $77,937
    Nontaxable benefits
    $18,874
    Filer's total
    $709,710

  • Wesley A Benbow

    SVP & Chief Financial Officer (beginning 12-01-24)

    Total calculated
    $56,551
    From this org
    $52,180
    From related orgs
    $0
    Other
    $4,371
    Hours/week
    50

  • ASHOK BALASUBRAMANYAM MD

    VP ACAD. INTEGR/SR ASSOC DEAN

    Total calculated
    $622,358
    From this org
    $576,780
    From related orgs
    $0
    Other
    $45,578
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $473,958
    Bonus
    $98,631
    Other
    $4,191
    Deferred
    $28,487
    Nontaxable benefits
    $17,091
    Filer's total
    $622,358

  • BERT O'MALLEY MD

    CHANCELLOR (passed away 11-11-25)

    Total calculated
    $516,298
    From this org
    $471,236
    From related orgs
    $0
    Other
    $45,062
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $470,000
    Bonus
    $0
    Other
    $1,236
    Deferred
    $28,487
    Nontaxable benefits
    $16,575
    Filer's total
    $516,298

  • HASHEM EL-SERAG MD

    CHAIR, DEPT OF MEDICINE

    Total calculated
    $1,008,895
    From this org
    $962,777
    From related orgs
    $0
    Other
    $46,118
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $539,750
    Bonus
    $414,505
    Other
    $8,522
    Deferred
    $28,487
    Nontaxable benefits
    $17,631
    Filer's total
    $1,008,895

  • JENNIFER G CHRISTNER MD

    DEAN - SCHOOL OF MEDICINE (until 11-15-25)

    Total calculated
    $819,989
    From this org
    $660,118
    From related orgs
    $0
    Other
    $159,871
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $357,500
    Bonus
    $209,291
    Other
    $93,327
    Deferred
    $142,862
    Nontaxable benefits
    $17,009
    Filer's total
    $819,989

  • LARA Shekerdemian MD

    CHAIR - DEPT OF PEDIATRICS

    Total calculated
    $1,427,150
    From this org
    $1,379,652
    From related orgs
    $0
    Other
    $47,498
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,376,830
    Bonus
    $500
    Other
    $2,322
    Deferred
    $28,487
    Nontaxable benefits
    $19,011
    Filer's total
    $1,427,150

  • PETER J HOTEZ MD PHD

    DEAN - NAT SCHOOL OF TROP MED

    Total calculated
    $775,284
    From this org
    $729,363
    From related orgs
    $0
    Other
    $45,921
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $608,968
    Bonus
    $116,204
    Other
    $4,191
    Deferred
    $28,487
    Nontaxable benefits
    $17,434
    Filer's total
    $775,284

  • TODD A REINHART ScD

    DEAN-SCHOOL OF HEALTH PROFESSIONS

    Total calculated
    $376,877
    From this org
    $337,012
    From related orgs
    $0
    Other
    $39,865
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $290,000
    Bonus
    $43,500
    Other
    $3,512
    Deferred
    $24,087
    Nontaxable benefits
    $15,778
    Filer's total
    $376,877

  • WILLIAM D WALKER

    VP - CHIEF INVESTMENT OFFICER

    Total calculated
    $1,222,451
    From this org
    $1,173,826
    From related orgs
    $0
    Other
    $48,625
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $580,800
    Bonus
    $588,700
    Other
    $4,326
    Deferred
    $28,487
    Nontaxable benefits
    $20,138
    Filer's total
    $1,222,451

  • CHRISTOPHER LAVERGNE MD

    ASSISTANT PROF

    Total calculated
    $2,122,783
    From this org
    $2,077,204
    From related orgs
    $0
    Other
    $45,579
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $675,000
    Bonus
    $1,399,882
    Other
    $2,322
    Deferred
    $28,487
    Nontaxable benefits
    $17,092
    Filer's total
    $2,122,783

  • Jeffrey Heinle MD

    PROF/CONGENITAL HEART SURGERY

    Total calculated
    $2,108,462
    From this org
    $2,061,564
    From related orgs
    $0
    Other
    $46,898
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $2,057,500
    Bonus
    $500
    Other
    $3,564
    Deferred
    $28,487
    Nontaxable benefits
    $18,411
    Filer's total
    $2,108,462

  • JOHN A GOSS MD

    PROF/CHIEF, ABDOMINAL TRANS.

    Total calculated
    $1,912,425
    From this org
    $1,866,127
    From related orgs
    $0
    Other
    $46,298
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,582,771
    Bonus
    $279,792
    Other
    $3,564
    Deferred
    $28,487
    Nontaxable benefits
    $17,811
    Filer's total
    $1,912,425

  • KENNETH LIAO MD PHD

    Professor and Chief

    Total calculated
    $1,949,689
    From this org
    $1,903,391
    From related orgs
    $0
    Other
    $46,298
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,849,232
    Bonus
    $50,595
    Other
    $3,564
    Deferred
    $28,487
    Nontaxable benefits
    $17,811
    Filer's total
    $1,949,689

  • MARC MOON MD

    PROF/CHIEF CARDIOTHORACIC SURGERY

    Total calculated
    $1,867,107
    From this org
    $1,820,809
    From related orgs
    $0
    Other
    $46,298
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,600,000
    Bonus
    $217,245
    Other
    $3,564
    Deferred
    $28,487
    Nontaxable benefits
    $17,811
    Filer's total
    $1,867,107

  • GORDON E SCHUTZE MD

    CHAIR - DEPT OF PEDIATRICS (INTERIM 02-24-21 UNTIL 09-30-21)

    Total calculated
    $699,560
    From this org
    $653,603
    From related orgs
    $0
    Other
    $45,957
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $623,912
    Bonus
    $25,500
    Other
    $4,191
    Deferred
    $28,487
    Nontaxable benefits
    $17,470
    Filer's total
    $699,560

  • JAMIE BAILEY

    SVP & CHIEF FINANCIAL OFFICER (until 03-05-24)

    Total calculated
    $176,545
    From this org
    $158,724
    From related orgs
    $0
    Other
    $17,821
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $157,292
    Bonus
    $0
    Other
    $1,432
    Deferred
    $12,056
    Nontaxable benefits
    $5,765
    Filer's total
    $176,545

  • KIMBERLY COTNER DAVID

    SVP & CHIEF BUSINESS OFFICER (until 06-30-24)

    Total calculated
    $392,529
    From this org
    $361,008
    From related orgs
    $0
    Other
    $31,521
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $309,750
    Bonus
    $50,000
    Other
    $1,258
    Deferred
    $20,579
    Nontaxable benefits
    $10,942
    Filer's total
    $392,529

  • MARY DICKINSON PHD

    SVP/DOR (until 04-30-24)

    Total calculated
    $212,784
    From this org
    $193,175
    From related orgs
    $0
    Other
    $19,609
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $105,208
    Bonus
    $87,083
    Other
    $884
    Deferred
    $13,663
    Nontaxable benefits
    $5,946
    Filer's total
    $212,784

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 — 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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 1a First-class or charter travel
CERTAIN EXECUTIVES MAY TRAVEL FIRST-CLASS AS BUSINESS NEED DICTATES. THESE INSTANCES ARE CONSIDERED NECESSARY BUSINESS EXPENSES.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE COLLEGE HAS ENTERED INTO NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH CERTAIN EXECUTIVES. THE AGREEMENTS ARE INTENDED TO COMPLY WITH SECTION 409(A). DEFERRED COMPENSATION, REPORTED IN SCHEDULE J, PART II, COLUMN (C), INCLUDES THE TAX DEFERRED CONTRIBUTIONS FOR THE CALANDAR YEAR WITHIN THE TAX YEAR PURSUANT TO THE AGREEMENTS. THE FOLLOWING INDIVIDUALS EXPERIENCED A TAXABLE VESTING EVENT DURING THE YEAR AS FOLLOWS. THESE AMOUNTS WERE INCLUDED AS TAXABLE WAGES. ANY PORTION THAT WAS PREVIOUSLY REPORTED ON A PRIOR 990 AS DEFERRED HAS BEEN REPORTED IN COLUMN (F). PAUL E. KLOTMAN, M.D. - $641,667 JAMES T. MCDEAVITT, M.D. - $224,250 ROBERT F. CORRIGAN, JR. J.D. - $128,855 JOE DOTY - $132,038 LORIE TABAK - $110,250 CLAIRE BASSETT - $77,500 JENNIFER G CHRISTNER, M.D. - $114,375 STEPHANIE YOUNG - $49,450
Schedule J, Part I, Line 7 Non-fixed payments
CERTAIN EXECUTIVES AND MANAGEMENT TEAM MEMBERS ARE ELIGIBLE FOR DISCRETIONARY INCENTIVE BONUSES DETERMINED THROUGH A REVIEW OF SPECIFIC PERFORMANCE METRICS.

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

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
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202621319349301417

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