Wayland Baptist University
- Assets
- $171.8m
- Revenue
- $76.3m
- Investments
- $42.5m
- Employees
- 1,242
- Location
- Plainview, TX
- Founding
- 06/1946
- Data as of
- 06/2021
- 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 06/2021, Wayland Baptist University employed 1,242 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 06/2021, Wayland Baptist University generated $76.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $68.7m during the year ending 06/2021. While expenses have increased by 1.4% 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
2021
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 |
|---|---|---|---|
Bobby Hall University President | Officer | 40 | $350,295 |
Daniel Jacobson Exec Dir / Dean & Asst Pro | 40 | $131,653 | |
Kevin Ludlum VP Of Institutional Advanc | Officer | 40 | $122,552 |
Claude Lusk Sr VP Of Op & Student Life | Officer | 40 | $115,266 |
Cindy Mcclenagan VP Of Academic Affairs | Officer | 40 | $100,730 |
Lezlie Hukill CFO | Officer | 40 | $96,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Verba Software Inc Digital Textbooks | 6/29/21 | $775,403 |
Ellucian Company Lp It Managed Services | 6/29/21 | $981,530 |
Sodexo Inc Food Service | 6/29/21 | $1,800,160 |
Blackboard Inc Technology Services | 6/29/21 | $502,551 |
Plains Builders Inc Construction | 6/29/21 | $798,794 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,655,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,507,599 |
| Noncash contributions included in lines 1a–1f | $71,772 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,163,241 |
| Total Program Service Revenue | $47,721,394 |
| Investment income | $2,060,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $691,714 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,540,019 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $283,126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,328,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,842,572 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,103,508 |
| Compensation of current officers, directors, key employees. | $455,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,183,635 |
| Pension plan accruals and contributions | $26,072 |
| Other employee benefits | $5,022,666 |
| Payroll taxes | $1,968,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,462 |
| Fees for services: Accounting | $65,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $409,627 |
| Office expenses | $418,799 |
| Information technology | $1,550,556 |
| Royalties | $0 |
| Occupancy | $1,964,400 |
| Travel | $675,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,444,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,742,271 |
| Insurance | $798,848 |
| All other expenses | $3,093,121 |
| Total functional expenses | $68,691,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,938,305 |
| Pledges and grants receivable | $1,709,800 |
| Accounts receivable, net | $2,530,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $943,550 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $105,275,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,501,491 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,885,845 |
| Total assets | $171,784,780 |
| Accounts payable and accrued expenses | $3,231,072 |
| Grants payable | $0 |
| Deferred revenue | $1,945,865 |
| Tax-exempt bond liabilities | $26,570,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,445,608 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,383,008 |
| Total liabilities | $39,575,553 |
| Net assets without donor restrictions | $61,572,409 |
| Net assets with donor restrictions | $70,636,818 |
| 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 | $171,784,780 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wayland Baptist University has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Dan And Julia Manning Foundation Amarillo, TX PURPOSE: ASSISTANCE WITH OPERATING BUDGET | $7,500 |
Endowment Analysis
| Beg. Balance | $89,304,061 |
| Earnings | $11,061,569 |
| Net Contributions | $1,702,549 |
| Other Expense | $7,054,774 |
| Ending Balance | $95,013,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern University Georgetown, TX | $545,443,629 | $120,545,319 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Oklahoma Baptist University Shawnee, OK | $289,242,729 | $80,964,114 |
Oklahoma Christian University Inc Oklahoma City, OK | $129,228,959 | $77,254,883 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
Wayland Baptist University Plainview, TX | $171,784,780 | $76,328,072 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Texas Lutheran University Seguin, TX | $175,887,975 | $71,493,316 |
Schreiner University Kerrville, TX | $168,371,925 | $56,783,840 |
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |
Mcmurry University Abilene, TX | $155,891,753 | $53,294,386 |