Baylor College Of Medicine
- Assets
- $3.1b
- Revenue
- $2.3b
- Investments
- $618.8m
- Employees
- 14,296
- Location
- Houston, TX
- Founding
- 01/1969
- Data as of
- 06/2021
- EIN
- 74-1613878
Organization Overview
Baylor College Of Medicine is located in Houston, TX. The organization was established in 1969. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Baylor College Of Medicine employed 14,296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baylor College Of Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Baylor College Of Medicine generated $2.3b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.2b during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BAYLOR COLLEGE OF MEDICINE (BCM) IS COMMITTED TO ADVANCING HUMAN HEALTH THROUGH THE INTEGRATION OF PATIENT CARE, RESEARCH, EDUCATION, AND COMMUNITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE - BCM AFFIRMS OUR COVENANT TO SERVE THE COMMUNITY. FOREMOST IS OUR COMMITMENT TO PATIENTS, BOTH IN OUR CLINICAL PRACTICE AND WITH AFFILIATED HOSPITALS. WE STRIVE TO IMPROVE PUBLIC HEALTH IN ALL OUR ENDEAVORS AND SERVE THE COMMUNITY IN ALL ASPECTS OF THIS PROCESS. BCM STUDENTS AND RESIDENTS SPEND MUCH OF THEIR EDUCATION AND TRAINING IN THE COLLEGE'S SEVEN PRIMARY CARE AFFILIATED TEACHING HOSPITALS WHERE BAYLOR FACULTY ALSO PROVIDES PATIENT CARE.
RESEARCH - BCM RESEARCHERS AND PHYSICIANS ARE STUDYING A VARIETY OF MEDICAL TOPICS, INCLUDING CANCER CELL FUNCTION, FERTILITY, CHILD NUTRITION, INFLUENZA, HEART AND NEUROLOGICAL DISORDERS, AND OTHER BASIC AND CLINICAL RESEARCH.
INSTRUCTION - BCM VALUES ACADEMIC PURSUITS AND WE COMMIT OUR EFFORTS TO THE SCHOLARLY PURSUIT OF KNOWLEDGE FOR OUR TRAINEES, OUR PATIENTS, AND OUR COMMUNITY. AS A MEDICAL SCHOOL, BCM'S PRIMARY GOAL IS TO EDUCATE MEDICAL SCHOOL STUDENTS AND TRAIN MEDICAL SCHOOL GRADUATES. BCM ALSO PLACES EMPHASIS ON THE EDUCATION OF MEDICAL RESEARCH AND ALLIED HEALTH PERSONNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/secretary (elected 05/18/22) | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee/chair | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee/chair-Elect (elected 05-18-22) | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee/vice Chair (secretary Until 05-18-22) | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee/vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Houston Hospitalists Pa Hospitalist Physician Staffing | 6/29/22 | $6,907,706 |
Texas Medical Center Community Health System | 6/29/22 | $4,805,940 |
Laz Karp Associates Llc Parking | 6/29/22 | $5,810,991 |
Mcgehee Chang Landgraf Feiler Legal | 6/29/22 | $2,954,710 |
Larkin Stroh & Associates Pllc Hospitalist Physician Staffing | 6/29/22 | $3,517,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $642,170,125 |
| Investment income | $20,621,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,029,065 |
| Net Rental Income | $1,854,012 |
| Net Gain/Loss on Asset Sales | $133,947,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,257,371,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $118,797,366 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,258,338 |
| Compensation to disqualified persons | $26,578 |
| Other salaries and wages | $1,187,326,357 |
| Pension plan accruals and contributions | $51,466,110 |
| Other employee benefits | $38,274,591 |
| Payroll taxes | $133,223,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,751,779 |
| Fees for services: Accounting | $119,537 |
| Fees for services: Lobbying | $1,026,931 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,898,917 |
| Fees for services: Other | $229,275,059 |
| Advertising and promotion | $90,659 |
| Office expenses | $9,540,328 |
| Information technology | $18,937,431 |
| Royalties | $0 |
| Occupancy | $47,802,884 |
| Travel | $521,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,190,936 |
| Interest | $24,860,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,774,550 |
| Insurance | $35,511,723 |
| All other expenses | $0 |
| Total functional expenses | $2,156,137,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,613,428 |
| Savings and temporary cash investments | $64,653,389 |
| Pledges and grants receivable | $157,640,196 |
| Accounts receivable, net | $199,441,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,869,610 |
| Prepaid expenses and deferred charges | $9,851,187 |
| Investments—publicly traded securities | $1,146,088,068 |
| Investments—other securities | $618,752,962 |
| Investments—program-related | $350,100,460 |
| Intangible assets | $0 |
| Other assets | $13,809 |
| Total assets | $3,057,643,693 |
| Accounts payable and accrued expenses | $387,983,590 |
| Grants payable | $123,553,064 |
| Deferred revenue | $14,964,712 |
| Tax-exempt bond liabilities | $275,853,454 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $317,141,000 |
| Unsecured mortgages and notes payable | $2,626,459 |
| Other liabilities | $236,622,505 |
| Total liabilities | $1,358,744,784 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,698,898,909 |