Civic Intelligence

University of Mary Hardin-Baylor

EIN 74-1161940 • 501(c)3 • Belton, TX

Profile

The university of mary hardin-baylor prepares students for leadership, service, and faith-informed discrenment in a global society. Academic excellence, personal attention, broad-based scholarship and a commitment to a baptist vision for education distinguish our christ-centered learning community.

900 College StBelton, TX 76513

www.umhb.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.10x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

36th percentile

0.31x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

49th percentile

3.8%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

55th percentile

$946,057

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

26th percentile

0.8%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

19th percentile

-1.9%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$409,793,919

Up $20,257,314 (+5.2%) from 2023

Liabilities

Down

$47,403,434

Down $3,675,494 (-7.2%) from 2023

Net Assets

Up

$362,390,485

Up $23,932,808 (+7.1%) from 2023

Revenue

Up

$138,565,929

Up $5,918,073 (+4.5%) from 2023

Expenses

Up

$129,446,162

Up $8,140,055 (+6.7%) from 2023

Net Income

Down

$9,119,767

Down $2,221,982 (-20%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $165,998,821Liabilities 2010: $46,642,889Net Assets 2010: $119,355,9322010Assets 2011: $191,894,340Liabilities 2011: $49,451,586Net Assets 2011: $142,442,7542011Assets 2012: $229,917,276Liabilities 2012: $76,257,848Net Assets 2012: $153,659,4282012Assets 2013: $265,857,405Liabilities 2013: $85,806,465Net Assets 2013: $180,050,9402013Assets 2014: $299,184,866Liabilities 2014: $91,319,724Net Assets 2014: $207,865,1422014Assets 2015: $316,404,236Liabilities 2015: $96,844,977Net Assets 2015: $219,559,2592015Assets 2016: $308,540,299Liabilities 2016: $86,739,979Net Assets 2016: $221,800,3202016Assets 2017: $325,477,102Liabilities 2017: $85,213,657Net Assets 2017: $240,263,4452017Assets 2018: $345,096,099Liabilities 2018: $89,357,644Net Assets 2018: $255,738,4552018Assets 2019: $351,192,622Liabilities 2019: $85,717,550Net Assets 2019: $265,475,0722019Assets 2020: $347,893,430Liabilities 2020: $78,064,463Net Assets 2020: $269,828,9672020Assets 2021: $386,759,826Liabilities 2021: $71,153,234Net Assets 2021: $315,606,5922021Assets 2022: $397,676,461Liabilities 2022: $64,524,505Net Assets 2022: $333,151,9562022Assets 2023: $389,536,605Liabilities 2023: $51,078,928Net Assets 2023: $338,457,6772023Assets 2024: $409,793,919Liabilities 2024: $47,403,434Net Assets 2024: $362,390,4852024

Highlighted filing

2024

Assets$409,793,919
Liabilities$47,403,434
Net Assets$362,390,485

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0Expenses 2010: $62,307,3382010Expenses 2011: $65,603,5332011Revenue 2012: $92,038,669Expenses 2012: $71,895,424Net Income 2012: $20,143,2452012Expenses 2013: $79,765,7222013Revenue 2014: $111,595,517Expenses 2014: $88,805,714Net Income 2014: $22,789,8032014Revenue 2015: $107,623,788Expenses 2015: $94,621,571Net Income 2015: $13,002,2172015Revenue 2016: $112,475,454Expenses 2016: $101,077,425Net Income 2016: $11,398,0292016Revenue 2017: $120,555,487Expenses 2017: $107,077,406Net Income 2017: $13,478,0812017Revenue 2018: $122,789,445Expenses 2018: $110,359,831Net Income 2018: $12,429,6142018Revenue 2019: $130,566,645Expenses 2019: $115,985,978Net Income 2019: $14,580,6672019Revenue 2020: $125,812,163Expenses 2020: $118,112,814Net Income 2020: $7,699,3492020Revenue 2021: $133,494,749Expenses 2021: $116,819,619Net Income 2021: $16,675,1302021Revenue 2022: $145,494,461Expenses 2022: $123,620,681Net Income 2022: $21,873,7802022Revenue 2023: $132,647,856Expenses 2023: $121,306,107Net Income 2023: $11,341,7492023Revenue 2024: $138,565,929Expenses 2024: $129,446,162Net Income 2024: $9,119,7672024

Highlighted filing

2024

Revenue$138,565,929
Expenses$129,446,162
Net Income$9,119,767

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$410$47.4$362$139$129$9.12
2023Detailed filing. Detailed filing data is available for this year.$390$51.1$338$133$121$11.3
2022Detailed filing. Detailed filing data is available for this year.$398$64.5$333$145$124$21.9
2021Detailed filing. Detailed filing data is available for this year.$387$71.2$316$133$117$16.7
2020Detailed filing. Detailed filing data is available for this year.$348$78.1$270$126$118$7.70
2019Detailed filing. Detailed filing data is available for this year.$351$85.7$265$131$116$14.6
2018Detailed filing. Detailed filing data is available for this year.$345$89.4$256$123$110$12.4
2017Detailed filing. Detailed filing data is available for this year.$325$85.2$240$121$107$13.5
2016Detailed filing. Detailed filing data is available for this year.$309$86.7$222$112$101$11.4
2015Detailed filing. Detailed filing data is available for this year.$316$96.8$220$108$94.6$13.0
2014Detailed filing. Detailed filing data is available for this year.$299$91.3$208$112$88.8$22.8
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$266$85.8$180$79.8
2012Summary only. Only limited summary data is available for this year.$230$76.3$154$92.0$71.9$20.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$192$49.5$142$65.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$166$46.6$119$62.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 15, 2025
Return Version
2023v6.0
Gross Receipts
$142,978,773
Mission and Program Overview

Mission

The university of mary hardin-baylor prepares students for leadership, service, and faith-informed discrenment in a global society. Academic excellence, personal attention, broad-based scholarship and a commitment to a baptist vision for education distinguish our christ-centered learning community.

The university of mary hardin-baylor prepares students for leadership, service, and faith-informed discernment in a global society. Academic excellence, personal attention, broad-based scholarship and a commitment to a baptist vision for education distinguish our christ-centered learning community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$171,902,674$190,517,196▲ $18,614,522
Land, Buildings, and Equipment, Net$184,268,977$186,374,675▲ $2,105,698
Savings and Temporary Cash Investments$19,885,985$17,740,462▼ $2,145,523
Cash and Non-Interest-Bearing Accounts$4,102,991$4,392,388▲ $289,397
Pledges and Grants Receivable$3,974,024$3,672,934▼ $301,090
Prepaid Expenses and Deferred Charges$1,082,386$2,417,301▲ $1,334,915
Other Notes and Loans Receivable, Net$1,790,916$1,751,047▼ $39,869
Accounts Receivable$1,325,007$1,180,621▼ $144,386
Inventories for Sale or Use$421,150$450,253▲ $29,103
Total Assets$389,536,605$409,793,919▲ $20,257,314
Other Assets Total$782,495$1,297,042▲ $514,547
Liabilities
Tax Exempt Bond Liabilities$27,930,790$24,562,520▼ $3,368,270
Other Liabilities$10,140,982$8,963,474▼ $1,177,508
Accounts Payable and Accrued Expenses$7,794,162$8,535,864▲ $741,702
Deferred Revenue$5,212,994$5,341,576▲ $128,582
Total Liabilities$51,078,928$47,403,434▼ $3,675,494
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$222,231,177$238,806,104▲ $16,574,927
Net Assets With Donor Restrictions$116,226,500$123,584,381▲ $7,357,881
Total Net Assets Fund Balance$338,457,677$362,390,485▲ $23,932,808
Total Liabilities and Net Assets / Fund Balance$389,536,605$409,793,919▲ $20,257,314

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$156,749,799$98,311,721$255,061,520
Equipment$7,035,164$43,725,991$50,761,155
Other Land Buildings$14,667,310$16,679,511$31,346,821
Land$7,922,402-$7,922,402
Other Securities$35,264,268--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$112,726,473$3,565,252▲ $12,158,266-$123,439,591
2022$116,690,283$1,465,397▼ $540,305-$112,726,473
2021$117,597,212$2,876,670▲ $349,772-$116,690,283
2020$92,798,617$1,871,599▲ $27,098,828-$117,597,212
2019$92,179,814$2,288,034▲ $2,391,273-$92,798,617
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RANDAL O'REARPresidentFT$463,427$302,023$765,450
Steve TheodoreCOO & Sr VP for AdminFT$249,834$126,137$375,971
John VassarProvost & Sr VP for AcademFT$237,368$138,199$375,567
Jennifer RammVP for Business & FinanceFT$224,233$100,222$324,455
Colin WilbornExecutive Dean - Health SciFT$172,490$114,814$287,304
Cliffa FosterDean - School of ExerciseFT$152,389$100,204$252,593
Susan OwensVP for Policy & Risk MgmtFT$168,741$72,345$241,086
Brandon SkaggsVP for Student LifeFT$155,447$71,690$227,137
REBECCA O'BANIONVP for Univ RelationsFT$180,104$43,079$223,183

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Bairdwilliams Construction LtdConstructionPO BOX 917, Temple, TX 76503-0917$5,287,717
Sodexo Services Of Texas LLPFood ServicePO BOX 352, Buffalo, NY 14240-0352$3,064,676
Eab GlobalRecruiting2445 M STREET NW, Washington, DC 20037$2,023,633
Ssc Service SolutionsHousekeeping1845 MIDPARK RD SUITE 201, Knoxville, TN 37921$1,742,743
2tp ServicesMaint/construction3809 S GENERAL BRUCE DRIVE SUITE, Temple, TX 76502$850,967
Revenue and Support

Revenue Composition

Contributions and Grants
$7,661,627
Program Service Revenue
$123,176,298
Investment Income
$7,723,987
Other Revenue
$4,017
All Other Contributions
$6,992,722
Change in Net Assets
$9,119,767

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$1,054,640Quoted Prices
Other Non Cash Contri Table5$29,466Estimated Value
Other Non Cash Contri Table2$10,950Appraisal
Total Noncash Contributions19$1,095,056-

Audited Revenue Reconciliation

Revenue per Audited Statements
$138,565,929
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-25,637,959
Total Revenue per Audited Statements
$112,927,970
Total Revenue per Form 990
$138,565,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$50,962,052
Other Expenses$43,931,555
Grants and Similar Amounts Paid$34,552,555
Total Fundraising Expense$2,891,330
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,768,694$2,786,848$1,104,273$37,659,815
Grants to Domestic Individuals$34,233,835--$34,233,835
Depreciation Depletion$11,759,504--$11,759,504
Other Employee Benefits$4,540,945$395,398$298,931$5,235,274
Fees for Services Other$4,558,098$1,999-$4,560,097
Office Expenses$3,642,252$187,023$234,822$4,064,097
Occupancy$3,008,751$32,745-$3,041,496
Current Officers, Directors, Trustees, and Key Employees$1,115,411$1,279,658$571,007$2,966,076
Payroll Taxes$2,440,031$238,372$116,968$2,795,371
Travel$2,620,170$35,446$61,388$2,717,004
Pension Plan Contributions$2,071,693$170,085$63,738$2,305,516
Insurance$1,520,728--$1,520,728
Other Expenses$1,104,621$1,875,188$129,033$1,104,621
Interest$1,099,595--$1,099,595
Conferences and Meetings$396,708$22,164$4,124$422,996
Foreign Grants$318,720--$318,720
Advertising$140,707$28,679$84,159$253,545
Fees for Services Legal$7,510$172,108-$179,618
Fees for Services Accounting-$65,800-$65,800
Total Functional Expenses$117,993,933$8,560,899$2,891,330$129,446,162

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$129,446,162
Total Expenses per Audited Statements$94,917,594
Expenses per Audited Statements$94,893,607
Expenses Not Reported on Financial Statements$34,552,555
Other Expense Adjustments$34,552,555
Expenses Not Reported on Form 990$23,987
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by Immediate Family Member of University OfficerAudio, Video, and Security ProductsNo$123,029
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Post Retirement Benefits$8,196,546
Annuities Payable$757,482
Student Loans Refundable$9,446
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The umhb board of trustees is comprised of 30 members. 14 members are elected by the umhb board of trustees and 16 members are elected by the baptist general convention of texas. Trustees elected by the bgct are nominated and elected in accordance with bgct's bylaws at its fall convention each year. Elected trustees assume their office on the following january and serve for a three year term.

Form 990, Part VI, Section B, Line 11B

The information and supporting schedules for the tax return are prepared by the university's staff. The university's cpa firm consolidates the data and prepares the tax return. It is then reviewed by the university's vp for business and finance. Prior to filing, form 990 is provided to the executive committee and audit sub-committee of the board of trustees.

Form 990, Part VI, Section B, Line 12C

Written conflict of interest disclosure statements are required for all trustees, university officers and key employees. All disclosure statements are reviewed by the board chair and administration. All potential conflicts of interest are raised by officers, trustees and key employees in accordance with the conflict of interest policy. Depending on the potential conflict, restrictions are enforced to eliminate or mitigate the conflict of interest.

Form 990, Part VI, Section B, Line 15

The compensation of the president is reviewed, approved and documented by the executive committee of the board of trustees annually. The executive committee utilizes comparability data in its review. The compensation of all other officers and key employees is determined by the president. Compensation data of all officers and key employees is benchmarked on a periodic basis.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
University of Mary Hardin-baylor
EIN
74-1161940
Phone
2542958642
Address
900 COLLEGE ST, BELTON, TX 76513

Signing Officer

Name
Jennifer Ramm
Title
VP for Business & Finance
Phone
2542958642
Signed
2025-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
RANDAL O'REAR
Formed
1845
Legal Domicile
TX
Voting Board Members
30
Independent Board Members
30
Employees
1,622
Volunteers
28

Preparer

Firm
Eide Bailly Llp
Address
400 PINE ST STE 600, ABILENE, TX 79601-5190
Preparer
Jaclyn Denise Decker CPA
Phone
3256724000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in post retirement benefit 22,482. Change in present value of annuity -112,318. Change in value of interest rate swap 514,547. Foundation consolidation 125,000. Gain on insurance proceeds 5,448,916.

Financial Statement Notes

PART X, LINE 2:

University of mary hardin-baylor is exempt from income tax under section 501(c)(3) of the internal revenue code. University of mary hardin-baylor has been classified as an organization that is not a private foundation under the tax reform act of 1969 and contributions to it qualify for deduction as charitable contributions; accordingly, no provision for taxes has been made in the consolidated financial statements. The university is liable for any federal income taxes resulting from certain unrelated business income. For fiscal years 2024 and 2023, there was no liability for any federal income tax resulting from unrelated business income. The university recognizes interest accrued on and penalties related to unrecognized tax benefits in tax expense. During the years ended may 31, 2024 and 2023, the university recognized no interest and penalties. Based on management's analysis, the university did not have any uncertain tax positions as of may 31, 2024 and 2023. The university files income tax returns in the u.s. Federal jurisdiction. There are currently no income tax examinations underway for this jurisdiction.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Reclass of scholarships / discounts -34,552,555. Umhb foundation consolidation 212,500. Present value adjustment to annuities -112,318.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Umhb foundation consolidation 23,987.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Reclass of scholarships / discounts 34,552,555.

Raw XML AppendixShowing 400 of 1,129 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE UNIVERSITY OF MARY HARDIN-BAYLOR PROVIDES AN EXCELLENT, CHRIST-CENTERED EDUCATION FOR APPROXIMATELY 3,200 STUDENTS ANNUALLY. THE UNIVERSITY ENHANCES ITS HIGH-QUALITY CURRICULUM WITH STUDENT SERVICES AND CAMPUS ACTIVITIES THAT SUPPORT STUDENTS' ACADEMIC AND SPIRITUAL GROWTH. AUXILIARY SERVICES SUCH AS CAMPUS HOUSING AND MEAL PLANS ARE DESIGNED TO MEET THE NEEDS AND TASTES OF TODAY'S STUDENTS; WHEN COMBINED WITH OUTSTANDING ACADEMIC AND ATHLETIC FACILITIES, THEY FORM A WORLD-CLASS COLLEGE ENVIRONMENT THAT CONTRIBUTES TO STUDENT SUCCESS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11BUSINESS AND FINANCE COMMI
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IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30VP FOR BUSINESS & FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt31PROVOST & SR VP FOR ACADEM
IRS990/Form990PartVIISectionAGrp/TitleTxt32PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt33COO & SR VP FOR ADMIN
IRS990/Form990PartVIISectionAGrp/TitleTxt34VP FOR STUDENT LIFE
IRS990/Form990PartVIISectionAGrp/TitleTxt35DEAN - SCHOOL OF EXERCISE

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