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Nonprofiteer
← BAYLOR RESEARCH INSTITUTE

Form 990 for tax year 2024

Filed by BAYLOR RESEARCH INSTITUTE.

Totals

Total revenue
$89,491,341
Total expenses
$85,910,172
Contributions and grants received
$42,035,733
Grants paid
$0
Program services expenses (Part IX)
$75,562,410
Management and general expenses
$10,347,762
Fundraising expenses
$0
Program service expenses (Part III)
$75,562,410

Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Alejandro Arroliga MD

    Trustee

    Total calculated
    $2,669,383
    From this org
    $0
    From related orgs
    $2,620,998
    Other
    $48,385
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $922,680 related
    Bonus
    $0 + $1,501,977 related
    Other
    $0 + $196,341 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $31,135 related
    Filer's total
    $0 + $2,669,383 related

  • Javed Butler MD

    Trustee/President/CEO

    Total calculated
    $915,692
    From this org
    $806,185
    From related orgs
    $0
    Other
    $109,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $518,242
    Bonus
    $269,661
    Other
    $18,282
    Deferred
    $87,594
    Nontaxable benefits
    $21,913
    Filer's total
    $915,692

  • Michael J Mack MD

    Trustee/Chair

    Total calculated
    $626,578
    From this org
    $0
    From related orgs
    $605,049
    Other
    $21,529
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $575,869 related
    Bonus
    $0
    Other
    $0 + $29,180 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $4,279 related
    Filer's total
    $0 + $626,578 related

  • Steven Newton

    Trustee

    Total calculated
    $2,977,455
    From this org
    $0
    From related orgs
    $2,931,092
    Other
    $46,363
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,100,418 related
    Bonus
    $0 + $1,637,688 related
    Other
    $0 + $192,986 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $29,113 related
    Filer's total
    $0 + $2,977,455 related

  • Amy Martin

    VP CFO

    Total calculated
    $500,711
    From this org
    $0
    From related orgs
    $423,050
    Other
    $77,661
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,208 related
    Bonus
    $0 + $121,291 related
    Other
    $0 + $27,551 related
    Deferred
    $0 + $48,151 related
    Nontaxable benefits
    $0 + $29,510 related
    Filer's total
    $0 + $500,711 related

  • Mitch Dean

    Secretary

    Total calculated
    $506,043
    From this org
    $0
    From related orgs
    $444,345
    Other
    $61,698
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,500 related
    Bonus
    $0 + $126,324 related
    Other
    $0 + $2,521 related
    Deferred
    $0 + $49,413 related
    Nontaxable benefits
    $0 + $12,284 related
    Filer's total
    $0 + $506,042 related

  • Elizabeth Cothran

    VP Chief Regulatory Officer

    Total calculated
    $358,014
    From this org
    $309,167
    From related orgs
    $0
    Other
    $48,847
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,556
    Bonus
    $87,395
    Other
    $3,216
    Deferred
    $35,791
    Nontaxable benefits
    $13,056
    Filer's total
    $358,014

  • Jennifer Thomas

    VP Research Operations

    Total calculated
    $370,220
    From this org
    $330,334
    From related orgs
    $0
    Other
    $39,886
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,686
    Bonus
    $94,224
    Other
    $1,424
    Deferred
    $25,967
    Nontaxable benefits
    $13,919
    Filer's total
    $370,220

  • Alan Stevens

    Research Center Dir

    Total calculated
    $332,495
    From this org
    $295,784
    From related orgs
    $0
    Other
    $36,711
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,907
    Bonus
    $463
    Other
    $6,414
    Deferred
    $15,176
    Nontaxable benefits
    $21,535
    Filer's total
    $332,495

  • Elisa Priest

    Director Clinical Informatics

    Total calculated
    $395,887
    From this org
    $327,925
    From related orgs
    $0
    Other
    $67,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,656
    Bonus
    $96,013
    Other
    $24,256
    Deferred
    $37,816
    Nontaxable benefits
    $30,146
    Filer's total
    $395,887

  • Gerard Zurawski

    Dir Institute Immun Rsrch

    Total calculated
    $340,652
    From this org
    $315,598
    From related orgs
    $0
    Other
    $25,054
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,865
    Bonus
    $0
    Other
    $2,733
    Deferred
    $15,822
    Nontaxable benefits
    $9,233
    Filer's total
    $340,653

  • Simon Driver

    Research Center Dir

    Total calculated
    $315,928
    From this org
    $277,664
    From related orgs
    $0
    Other
    $38,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,733
    Bonus
    $463
    Other
    $468
    Deferred
    $14,372
    Nontaxable benefits
    $23,893
    Filer's total
    $315,929

  • Suzy Gulliver

    Research Center Dir

    Total calculated
    $321,505
    From this org
    $284,849
    From related orgs
    $0
    Other
    $36,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,433
    Bonus
    $463
    Other
    $11,953
    Deferred
    $14,762
    Nontaxable benefits
    $21,894
    Filer's total
    $321,505

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 · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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)

Part I, Line 1a
Tax indemnification and gross-up payments - The organization provides tax indemnification where the BSW Health's CEO, COO or CFO determines there is justification to reimburse an individual for the tax impact on certain taxable, non-cash benefits provided to them. All tax indemnification payments provided are treated as taxable compensation. Five of the persons listed in the Form 990, Part VII, Section A, received this benefit during the tax year. Discretionary spending account - The organization provides eligible employees who travel frequently in their personal vehicle an auto expense allowance in lieu of reimbursement for business mileage under the organization's business travel and expense reimbursement policy. All auto expense allowances are treated as taxable compensation. One person listed in the Form 990, Part VII, Section A, received this benefit during the tax year.
Part I, Line 3
Process for determining compensation: The organization, a controlled affiliate of BSW Health, recognizes that those chosen to lead the organization are vital to its ongoing success and growth. Thus, it must attract, retain and engage the highest quality officers and key employees to lead the organization and help the organization maintain its national reputation for achieving high targets for medical quality, patient safety, and patient satisfaction. A significant portion of the organization's officers and key employees' total compensation is based on significant performance achievements. This strategy places a greater emphasis on the importance of the organization achieving targeted improvements in the areas of people, quality, patient satisfaction and financial stewardship, annually. Total executive compensation is part of an integrated talent management strategy developed by the BSW Health Board of Trustees and its Compensation Committee to attract, motivate, and retain the best leadership resources for the organization. Executive compensation is determined pursuant to guidelines outlined in the intermediate sanction rules under IRC Section 4958 including taking steps to meet the rebuttable presumption standard of reasonableness under Treasury Regulation 53.4958-6, as summarized below. When making compensation decisions, the organization compares itself to similarly-sized, and structured businesses including other integrated health care service systems and other similarly-sized organizations, both locally and nationally. Each year the BSW Health Board of Trustees and the Compensation Committee, on behalf of the organization through reserved powers explicitly held by BSW Health, works directly with an independent compensation consultant(s) to identify reasonable and competitive market rates as well as provide an annual review of the total compensation of the organization's top management officials and other officers and key employees to ensure total compensation is within a fair market range. The annual review included reviewing certain officers and key employees listed on the Form 990 during the current tax year. The Compensation Committee is made up of members of the BSW Health Board of Trustees, who are independent, community volunteers. Guided by the information provided by the independent compensation consultant(s), the Compensation Committee approves the annual process and methodology for setting fair market salary ranges, earned incentives, and/or benefit offerings for the organization's President, other officers and/or key employees to be comparable to similar organizations for similar services and/or positions. Furthermore, the Compensation Committee is charged with the responsibility of reviewing annually the major elements of the executive compensation program to assure designs remain consistent with the business needs, market practices, and compensation philosophy. As part of the decision-making process, the Compensation Committee will often meet in executive session to discuss and review recommendations made by the independent compensation consultant(s). No officer or key employee whose compensation is being reviewed is present during these discussions. All decisions are properly documented in the minutes of the meetings.
Part I, Line 4b
In order to recruit and retain key talent, BSW Health and certain tax exempt affiliates (collectively BSWH) offers a supplemental non-qualified retirement plan to eligible employees. The plan provides an annual benefit (based on a percentage of compensation) to the employee that is paid to the employee on a future date upon vesting in the plan. The following individual(s) participated in and/or received payments (noted in parenthesis) from BSWH's supplemental non-qualified retirement plan during the tax year: Alejandro Arroliga ($147,245), M.D., Elisa Priest, Elizabeth Cothran, Javed Butler, M.D., Jennifer Thomas, Mitch Dean, Steven Newton ($169,160), and Amy Martin.
Part I, Line 7
The organization has adopted and implemented BSW Health's, the organization's ultimate parent, Annual Incentive Program to provide a market competitive total cash compensation incentive program that is designed to attract and retain key leaders and establish greater individual accountability and alignment to business performance. Payout targets are based upon a percentage of base pay and are developed by independent third party expert(s) using comparable market competitive data within the bounds of reasonableness and that are reviewed and approved by BSW Health's governing body. Payout levels are based upon a combination of system, entity, and region performance using various metrics related to quality, patient satisfaction, employee retention, and financial stewardship. BSW Health's governing body may approve modifications to annual incentive awards provided under the program consistent with market comparability data.

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
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202611349349310601

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