Baylor University
Baylor University reported $1.56 billion in revenue and $1.50 billion in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $81.89 went to program services, $16.93 to management and general costs and $1.18 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.2% of the total. The highest compensation it reported for one person was $6,836,352 (HEAD MEN'S BASKETBALL COAC). 1,173 people received more than $100,000 in reportable compensation. Revenue rose 24% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $1.50BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $1.56BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.15 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.9% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 83.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $6,836,352 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.45% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1,173 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 25.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 26 of 32 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction:Baylor University stands as one of the premier institutions of higher education in the world.chartered in 1845 by the republic of texas and affiliated with the baptist general convention oftexas, the university is the oldest continuously operating institution of higher learning in the state of texas. As part of fulfilling baylor's mission of instructing and educating men and women for worldwide leadership and service, baylor pursues initiatives such as lower student-faculty ratio (15:1), smaller class size (average class size is 27), research opportunities for students, and great…
Student services:Baylor University's student services and activities contribute to students' spiritual, social and physical well-being. Student services and activities include areas such as career guidance, job placement upon graduation, enrollment management, student financial aid, student activities, student organizations, intramurals, health center, beauchamp addiction recovery center, and intercollegiate athletics
Academic support:Baylor University provides academic support services for the primary missions of instruction, as well as research and public service activities. Academic support services include areas such as libraries, technology support, museums and services that directly assist instructional activities
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD MEN'S BASKETBALL COAC Highest compensated employee, 60.00 hrs/week | $6,708,797 | $0 | $127,555 | $6,836,352 |
| FOOTBALL HEAD COACH Highest compensated employee, 90.00 hrs/week | $4,299,627 | $0 | $260,010 | $4,559,637 |
| VP & DIRECTOR OF ATHLETICS Officer, 60.00 hrs/week | $3,136,773 | $0 | $463,584 | $3,600,357 |
| PRESIDENT Officer, 70.00 hrs/week | $2,579,024 | $0 | $454,299 | $3,033,323 |
| HEAD WOMEN'S BASKETBALL CO Highest compensated employee, 80.00 hrs/week | $1,388,517 | $0 | $119,219 | $1,507,736 |
| CHIEF INVESTMENT OFFICER Key employee, 60.00 hrs/week | $1,249,959 | $0 | $63,697 | $1,313,656 |
| FOOTBALL OFFENSIVE COORDINATOR Highest compensated employee, 100.00 hrs/week | $999,279 | $0 | $61,165 | $1,060,444 |
| MANAGING DIR OF INVESTMENTS Highest compensated employee, 40.00 hrs/week | $864,068 | $0 | $54,087 | $918,155 |
1,173 people received more than $100,000 in reportable compensation from Baylor University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $14M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b32 · 26 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 511,592
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| JE DUNN CONSTRUCTION COMPANY Construction services | $83,836,211 |
| AUSTIN COMMERCIAL LP Construction services | $43,323,558 |
| ARAMARK SERVICES INC Facility maintenance | $41,149,104 |
| TDINDUSTRIES INC Facility maintenance | $14,768,961 |
| 2U INC Online adademic program management | $14,596,787 |
Individuals listed as contractors are left out. 362 contractors were paid more than $100,000 in all.
Private foundation grants it received
112 private foundations reported grants to Baylor University totaling $22M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Baylor University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Baylor University, you can publish a response that is linked from this page.
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Of every $100 Baylor University spent in FY2025, $81.89 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Trustees of Tufts CollegeMedford, MA · revenue $1.56B · programs 85.1% · FY2025
- Thomas Jefferson UniversityPhiladelphia, PA · revenue $1.58B · programs 96.3% · FY2025
- City University Construction FundNew York, NY · revenue $1.52B · programs 100.0% · FY2025
- Southern New Hampshire UniversityManchester, NH · revenue $1.62B · programs 76.6% · FY2025
- Universite de MontrealCanada, · revenue $1.51B · programs 84.6% · FY2025
Questions people ask
How much of Baylor University's spending goes to programs?
In the fiscal year ending May 31, 2025, Baylor University reported that 81.9% of its $1.50 billion in expenses went to program services, 16.9% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Baylor University pay its top executive?
The largest total compensation Baylor University reported for one person in the fiscal year ending May 31, 2025 was $6,836,352, for the role of HEAD MEN'S BASKETBALL COAC (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Baylor University get its money?
Of $1.56 billion in revenue in the fiscal year ending May 31, 2025, 7.5% came from contributions and grants (including 0.9% from government grants) and 83.2% from program service revenue (Form 990, Part VIII).
Is Baylor University a registered charity?
The IRS lists EIN 74-1159753 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202641009349300714 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202540989349300624 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202411009349301426 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202320979349301117 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202240889349301254 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202110919349300006 · read the filing
All filings for EIN 74-1159753: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.