Wayland Baptist University
- Assets
- $174.5m
- Revenue
- $73.8m
- Investments
- $41.1m
- Employees
- 1,127
- Location
- Plainview, TX
- Founding
- 06/1946
- Data as of
- 06/2022
- EIN
- 75-0859668
Organization Overview
Wayland Baptist University is located in Plainview, TX. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Wayland Baptist University employed 1,127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayland Baptist University 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 06/2022, Wayland Baptist University generated $73.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $70.1m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WAYLAND BAPTIST UNIVERSITY EXISTS TO EDUCATE STUDENTS IN AN ACADEMICALLY CHALLENGING, LEARNING-FOCUSED AND DISTINCTIVELY CHRISTIAN ENVIRONMENT FOR PROFESSIONAL SUCCESS AND SERVICE TO GOD AND HUMANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDITED UNIVERSITY - ACADEMIC PROGRAM, UNIVERSITY ADMINISTRATION, PUBLIC RELATIONS, ALUMNI AFFAIRS, STUDENT AID, ATHLETICS, HOUSING AND CAFETERIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Rick Breeden Trustee / Chair | OfficerTrustee | 1 | $0 |
Mr Martin L Murdock III Trustee | Trustee | 1 | $0 |
Mrs Sharon Wright Trustee | Trustee | 1 | $0 |
Mr David Wood Trustee | Trustee | 1 | $0 |
Dr Jacob West Trustee | Trustee | 1 | $0 |
Mr Tyler Topper Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food Service | 6/29/22 | $1,473,479 |
Ellucian Company Lp It Managed Services | 6/29/22 | $1,218,142 |
Plains Builders Inc Construction | 6/29/22 | $964,895 |
Blackboard Inc Technology Services | 6/29/22 | $474,906 |
Verba Software Inc Digital Textbooks | 6/29/22 | $816,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,116,056 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,157,176 |
| Noncash contributions included in lines 1a–1f | $500,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,273,232 |
| Total Program Service Revenue | $40,740,954 |
| Investment income | $859,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,983,099 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,079,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $245,001 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,776,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,153,555 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,123,808 |
| Compensation of current officers, directors, key employees. | $460,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,172,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,124,808 |
| Payroll taxes | $1,544,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,543 |
| Fees for services: Accounting | $87,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $555,534 |
| Office expenses | $402,035 |
| Information technology | $1,511,101 |
| Royalties | $0 |
| Occupancy | $1,978,323 |
| Travel | $1,154,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,296,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,352,341 |
| Insurance | $706,030 |
| All other expenses | $3,545,472 |
| Total functional expenses | $70,085,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $3,963,869 |
| Pledges and grants receivable | $506,370 |
| Accounts receivable, net | $6,831,258 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,428,384 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $104,972,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $41,072,181 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,770,543 |
| Total assets | $174,544,622 |
| Accounts payable and accrued expenses | $4,012,904 |
| Grants payable | $0 |
| Deferred revenue | $4,379,627 |
| Tax-exempt bond liabilities | $25,235,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,062,033 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,727,706 |
| Total liabilities | $45,417,270 |
| Net assets without donor restrictions | $62,624,981 |
| Net assets with donor restrictions | $66,502,371 |
| 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 | $174,544,622 |