Baylor Line Foundation
- Assets
- $9.2m
- Revenue
- $933.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Waco, TX
- Founding
- 08/1979
- Data as of
- 12/2022
- EIN
- 74-2032522
Organization Overview
Baylor Line Foundation is located in Waco, TX. The organization was established in 1979. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2022, Baylor Line Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baylor Line Foundation 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 12/2022, Baylor Line Foundation generated $933.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT BAYLOR UNIVERSITY AND THE INTERESTS OF ITS ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROGRAMS, RECOGNITIONS AND COMMUNICATIONS IN SUPPORT OF BAYLOR UNIVERSITY AND ITS ALUMNI, INCLUDING REUNIONS AND OTHER EVENTS, 10 ANNUAL AWARDS, PUBLICATION OF BAYLOR LINE MAGAZINE AND ELECTRONIC/ONLINE COMMUNICATIONS; APPROXIMATELY 18,000 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Holt Committee Chair | OfficerTrustee | 1 | $120,600 |
Amy Graham Pagitt Director | Trustee | 1 | $0 |
Bobby Feather Director | Trustee | 1 | $0 |
Brandon Miller Director | Trustee | 1 | $0 |
Brooke Mercer Director | Trustee | 1 | $0 |
Carolyn Cole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,538 |
| Related organizations | $0 |
| Government grants | $97,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $289,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,191 |
| Total Program Service Revenue | $0 |
| Investment income | $135,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $371,672 |
| Net Income from Fundraising Events | -$45,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $932,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $97,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,408 |
| Compensation of current officers, directors, key employees. | $33,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,703 |
| Payroll taxes | $100,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,385 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,185 |
| Advertising and promotion | $10,265 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,231 |
| Travel | $1,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,446 |
| Insurance | $15,787 |
| All other expenses | $33,664 |
| Total functional expenses | $1,128,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,584 |
| Savings and temporary cash investments | $100,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,775 |
| Net Land, buildings, and equipment | $308,792 |
| Investments—publicly traded securities | $7,752,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $940,350 |
| Total assets | $9,167,230 |
| Accounts payable and accrued expenses | $107,145 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,732 |
| Total liabilities | $240,877 |
| Net assets without donor restrictions | $6,656,600 |
| Net assets with donor restrictions | $2,269,753 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,167,230 |