Civic Intelligence

Houston Baptist University

EIN 74-1400699 • 501(c)3 • Houston, TX

Profile

The mission of houston baptist university is to provide a learning experience that instills in students a passion for academic, spiritual, and professional excellence as a result of our central confession, "jesus christ is lord"

Refreshing map…

7502 Fondren RdHouston, TX 77074

www.hbu.edu

Siviq Scores

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

Liabilities / Assets

55th percentile

0.33x

Higher debt load relative to assets than 55% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.74x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

37th percentile

$625,523

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

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

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

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

Revenue Growth

62nd percentile

13%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Up

$348,099,971

Up $1,887,279 (+0.5%) from 2022

Liabilities

Down

$108,630,703

Down $4,477,052 (-4.0%) from 2022

Net Assets

Up

$239,469,268

Up $6,364,331 (+2.7%) from 2022

Revenue

Down

$153,828,906

Down $6,926,570 (-4.3%) from 2022

Expenses

Up

$148,643,100

Up $7,018,168 (+5.0%) from 2022

Net Income

Down

$5,185,806

Down $13,944,738 (-73%) from 2022

Trend Graphs

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $182,037,006Liabilities 2010: $61,528,907Net Assets 2010: $120,508,0992010Assets 2011: $200,082,618Liabilities 2011: $61,834,397Net Assets 2011: $138,248,2212011Assets 2012: $202,730,257Liabilities 2012: $77,062,949Net Assets 2012: $125,667,3082012Assets 2013: $219,444,642Liabilities 2013: $77,012,612Net Assets 2013: $142,432,0302013Assets 2014: $231,870,427Liabilities 2014: $79,464,101Net Assets 2014: $152,406,3262014Assets 2015: $246,079,070Liabilities 2015: $78,187,049Net Assets 2015: $167,892,0212015Assets 2016: $241,564,554Liabilities 2016: $76,060,332Net Assets 2016: $165,504,2222016Assets 2017: $255,036,357Liabilities 2017: $83,370,785Net Assets 2017: $171,665,5722017Assets 2018: $258,171,350Liabilities 2018: $83,558,809Net Assets 2018: $174,612,5412018Assets 2019: $270,780,088Liabilities 2019: $80,582,062Net Assets 2019: $190,198,0262019Assets 2020: $275,864,347Liabilities 2020: $79,729,140Net Assets 2020: $196,135,2072020Assets 2021: $324,395,919Liabilities 2021: $105,099,904Net Assets 2021: $219,296,0152021Assets 2022: $346,212,692Liabilities 2022: $113,107,755Net Assets 2022: $233,104,9372022Assets 2023: $348,099,971Liabilities 2023: $108,630,703Net Assets 2023: $239,469,2682023

Highlighted filing

2023

Assets$348,099,971
Liabilities$108,630,703
Net Assets$239,469,268

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $67,768,8442010Expenses 2011: $67,488,1542011Expenses 2012: $68,125,2942012Expenses 2013: $74,791,8422013Revenue 2014: $87,906,098Expenses 2014: $80,546,945Net Income 2014: $7,359,1532014Revenue 2015: $104,092,806Expenses 2015: $89,841,089Net Income 2015: $14,251,7172015Revenue 2016: $96,403,770Expenses 2016: $94,932,708Net Income 2016: $1,471,0622016Revenue 2017: $96,999,862Expenses 2017: $100,971,416Net Income 2017: -$3,971,5542017Revenue 2018: $110,428,371Expenses 2018: $110,216,995Net Income 2018: $211,3762018Revenue 2019: $125,730,355Expenses 2019: $116,360,358Net Income 2019: $9,369,9972019Revenue 2020: $123,075,864Expenses 2020: $119,343,559Net Income 2020: $3,732,3052020Revenue 2021: $149,977,466Expenses 2021: $127,448,918Net Income 2021: $22,528,5482021Revenue 2022: $160,755,476Expenses 2022: $141,624,932Net Income 2022: $19,130,5442022Revenue 2023: $153,828,906Expenses 2023: $148,643,100Net Income 2023: $5,185,8062023

Highlighted filing

2023

Revenue$153,828,906
Expenses$148,643,100
Net Income$5,185,806

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$348$109$239$154$149$5.19
2022Summary only. Only limited summary data is available for this year.$346$113$233$161$142$19.1
2021Summary only. Only limited summary data is available for this year.$324$105$219$150$127$22.5
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$276$79.7$196$123$119$3.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$271$80.6$190$126$116$9.37
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$258$83.6$175$110$110$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$255$83.4$172$97.0$101$3.97
2016Detailed filing. Detailed filing data is available for this year.$242$76.1$166$96.4$94.9$1.47
2015Summary only. Only limited summary data is available for this year.$246$78.2$168$104$89.8$14.3
2014Detailed filing. Detailed filing data is available for this year.$232$79.5$152$87.9$80.5$7.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$219$77.0$142$74.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$203$77.1$126$68.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$61.8$138$67.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$182$61.5$121$67.8
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Feb 19, 2019
Return Version
2017v2.3
Gross Receipts
$115,117,460
Mission and Program Overview

Mission

The mission of houston christian university is to provide a learning experience that instills in students a passion for academic, spiritual, and professional excellence as a result of our central confession, "jesus christ is lord."

To provide instruction for approximately 3,300 students in undergraduate and graduate courses

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$115,262,517$112,234,375▼ $3,028,142
Investments in Publicly Traded Securities$41,242,372$47,730,304▲ $6,487,932
Investments Program Related$25,276,997$25,353,271▲ $76,274
Pledges and Grants Receivable$18,027,194$21,893,636▲ $3,866,442
Cash and Non-Interest-Bearing Accounts$16,833,444$13,836,526▼ $2,996,918
Investments Other Securities$14,474,840$10,684,301▼ $3,790,539
Accounts Receivable$5,252,830$6,457,620▲ $1,204,790
Prepaid Expenses and Deferred Charges$3,445,093$4,397,864▲ $952,771
Other Notes and Loans Receivable, Net$3,206,139$3,136,593▼ $69,546
Savings and Temporary Cash Investments$2,514,890$1,078,352▼ $1,436,538
Inventories for Sale or Use$745,061$776,597▲ $31,536
Total Assets$255,036,357$258,171,350▲ $3,134,993
Other Assets Total$8,754,980$10,591,911▲ $1,836,931
Liabilities
Tax Exempt Bond Liabilities$55,457,283$55,357,879▼ $99,404
Unsecured Notes Loans Payable$19,820,000$19,285,000▼ $535,000
Accounts Payable and Accrued Expenses$6,339,352$6,619,308▲ $279,956
Mortgage Notes Payable Secured by Investment Property-$1,422,126-
Escrow Account Liability$634,145$594,720▼ $39,425
Other Liabilities$515,662$245,352▼ $270,310
Deferred Revenue$604,343$34,424▼ $569,919
Total Liabilities$83,370,785$83,558,809▲ $188,024
Net Assets / Fund Balance
Unrestricted Net Assets$82,918,985$82,103,661▼ $815,324
Permanently Rstr Net Assets$57,259,524$58,278,943▲ $1,019,419
Temporarily Rstr Net Assets$31,487,063$34,229,937▲ $2,742,874
Total Net Assets Fund Balance$171,665,572$174,612,541▲ $2,946,969
Total Liabilities and Net Assets / Fund Balance$255,036,357$258,171,350▲ $3,134,993

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$82,432,100$33,394,245$115,826,345
Equipment$10,361,986$20,266,303$30,628,289
Leasehold Improvements$8,831,165$15,149,704$23,980,869
Land$9,160,248-$9,160,248
Other Land Buildings$1,448,876$3,132,776$4,581,652
Investment Program Related Org$953,186--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$102,805,132$1,465,568▲ $4,814,923$1,069,477$102,429,599
2016$94,552,666$3,386,160▲ $6,686,025$-4,356,615$102,805,132
2015$100,668,709$553,571▼ $2,989,147$-6,190,764$94,552,666
2014$88,226,583$8,370,014▲ $2,963,737$-4,063,333$100,668,709
2013$85,467,373$464,967▲ $6,570,035$1,205,977$88,226,583
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert B SloanPresidentFT$452,347$12,478$464,825
Sandra N MooneyCFO/COOFT$275,915$14,457$290,372
Steven PetersonVP Online/digital LearningFT$243,257$5,642$248,899
Bobby SpencerAssociate VPFT$229,507$8,069$237,576
Sharon E SaundersVP University RelationsFT$216,672$6,456$223,128
James L SteenVP Enrollment MgmtFT$210,549$11,406$221,955
Jerome JohnstonVP for Innovation & StrateFT$203,066$4,656$207,722
Cynthia SimpsonInterim Provost/dean, GradFT$190,856-$190,856
Charles E BacarisseVP DevelopmentFT$173,209$10,282$183,491
Michael WeeksDean, BusinessFT$176,895-$176,895
Victor D ShealyCoachFT$157,500$8,846$166,346
Levon HayrapetyanProfessorFT$147,633$4,656$152,289
Steve MoniaciDirector of AthleticsFT$141,375-$141,375

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark Services INCFood ServiceARAMARK CHICAGO LOCKBOX 27310 NETWO, Chicago, IL 60673-1273$2,942,460
Ellucian Company LPInformation Systems Support62578 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$2,815,945
Mp2 Energy LLCElectric UtilitiesPO BOX 733560, Dallas, TX 75373-3560$1,321,046
American Association Of Christian CounseWeb Learning Curriculum129 B VISTA CENTRE DRIVE, Forest, VA 24551$1,283,331
Aramark EducationCustodial ServicesARAMARK DALLAS LOCKBOX PO BOX 97883, Dallas, TX 75397$1,068,453
Revenue and Support

Revenue Composition

Contributions and Grants
$16,881,311
Program Service Revenue
$84,189,312
Investment Income
$2,643,216
Other Revenue
$6,714,532
All Other Contributions
$14,913,236
Change in Net Assets
$211,376

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,369,749
Revenue Not Reported on Financial Statements
$39,058,622
Revenue Not Reported on Form 990
$6,080,798
Other Revenue Adjustments
$39,058,622
Total Revenue per Audited Statements
$77,450,547
Total Revenue per Form 990
$110,428,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$39,134,969
Salaries, Compensation, and Employee Benefits$35,659,593
Other Expenses$35,422,433
Total Fundraising Expense$1,236,818
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$39,134,969--$39,134,969
Other Salaries and Wages$19,745,825$7,189,699$690,726$27,626,250
Depreciation Depletion$2,437,213$2,736,239-$5,173,452
Fees for Services Management$2,221,038$2,306,011-$4,527,049
All Other Expenses$1,377,303$2,890,754-$4,268,057
Interest-$3,507,757-$3,507,757
Other Employee Benefits$1,898,127$868,745$66,163$2,833,035
Payroll Taxes$1,402,288$631,628$59,175$2,093,091
Other Expenses$1,944,490$23,804$54,763$1,968,294
Information Technology$548,129$1,387,035-$1,935,164
Current Officers, Directors, Trustees, and Key Employees$190,856$1,526,509$216,672$1,934,037
Office Expenses$1,388,732$263,366$9,974$1,662,072
Occupancy-$1,325,179-$1,325,179
Pension Plan Contributions$729,413$403,018$40,749$1,173,180
Travel$290,998$713,299$6,263$1,010,560
Insurance$-140$895,477-$895,337
Advertising$124,530$214,831$76,110$415,471
Fees for Services Accounting-$103,902-$103,902
Conferences and Meetings$71,678$15,431$16,223$103,332
Fees for Services Legal-$45,765-$45,765
Total Functional Expenses$76,370,194$32,609,983$1,236,818$110,216,995

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$110,216,995
Total Expenses per Audited Statements$75,784,800
Expenses per Audited Statements$71,010,161
Expenses Not Reported on Financial Statements$39,206,834
Other Expense Adjustments$39,206,834
Expenses Not Reported on Form 990$4,774,639
International Activity

International Summary

Offices
0
Employees
1
Spending
$63,544

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiuProgram ServicesPROFESSOR OF APOLOGETICS AND THE DIRECTOR OF HBU'S C.S. LEWIS CENTRE IN OXFORD, ENGLAND. TEACHES ONLINE CLASSES FOR HBU AND WORKS WITH STUDENTS PARTICIPATING IN THE SUMMER SPECIAL STUDY ABROAD CLASS IN OXFORD, ENGLAND.-1$63,544
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$52,572
Fundraising Direct Expenses$36,930
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament, Spring 2018$73,468$38,507$10,836$27,671
Golf Tournament, Fall 2017$32,746$12,775$2,763$10,012
Total Events$124,804$52,572$36,930$15,642
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
Paul SloanSon of Robert Sloan, PresidentPaul Sloan Is an Assistant Professor of TheologyNo$57,573
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$245,352

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARed River Education Finance Corporation2017-01-31$55,490,4181) refinance series 2007 crawford education facilities corporation bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$55,490,418$4,948,101-$848,767

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The audit committee of the university is provided with a draft copy of the form 990 prior to filing. They are asked to review and provide any feedback that they feel is appropriate.

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

University reviews all annually submitted forms and follows-up with any member who states that they believe they may have a conflict.

Form 990, Part VI, Section B, Line 15

For the university's president, the board utilizes an external compensation advisory report for non-profits and higher-education institutions in addition to review of the compensation of other universities and discussion to determine how the university's president is to be compensated. For other officers and key employees, the university's president utilizes outside surveys and other information to make annual review and new hire offer compensation decisions.

Form 990, Part VI, Section C, Line 19

The university does not make its governing documents, conflict of interest policy and financial statements available to the general public.

Filing and Contact Details

Filer

Filer Name
Houston Baptist University
EIN
74-1400699
Phone
2816493000
Address
7502 FONDREN RD, HOUSTON, TX 77074

Signing Officer

Name
Sandra N Mooney
Title
Chief Financial Officer
Phone
2816493000
Signed
2019-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Robert B Sloan Jr
Formed
1960
Legal Domicile
TX
Voting Board Members
30
Independent Board Members
30
Employees
1,124
Volunteers
8

Preparer

Firm
Fitts Roberts Kolkhorst & Co Pc
Address
5718 WESTHEIMER STE 800, HOUSTON, TX 77057
Preparer
Kelly J Hunter CPA
Phone
7132605230
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

Part iii, line 4: the university has various historical pieces which are being exhibited in the university's museum of southern history, a bible museum and an art museum and some works in other locations of the university. The museums and artwork gives the students of the university the ability to experience "hands on" historical items related to religious and united states history.

PART X, LINE 2:

The university follows asc 740 which requires the evaluation of how tax positions should be recognized, measured, presented, and disclosed in the financial statements. The standard requires the evaluation of tax positions taken or expected to be taken in the course of preparing tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable taxing authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The adoption of asc 740 did not have an effect on the university's net asset value, financial position or results of activities. As of may 31, 2018 and 2017 and the the years then ended, the university and its subsidiary, bsi, did not have an asset or liability for any unrecognized tax positions. Management's determinations regarding asc 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Bsi revenue 1,380,887 bookstore cost of goods sold 1,504,722 rental expenses allocation 587,944 fundraising expenses net against revenue for events 36,930 total to schedule d, part xi, line 2d 3,510,483

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Funded/unfunded aid (different treatment per 990 as compared to financial) 39,134,969 miscellaneous -76,347 total to schedule d, part xi, line 4b 39,058,622

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Bsi expenses 2,645,043 bookstore cost of goods sold 1,504,722 rental expenses allocation 587,944 fundraising expenses net against revenue for events 36,930 total to schedule d, part xii, line 2d 4,774,639

Part XII, Line 4B - Other Adjustments

Funded/unfunded aid (different treatment per 990 as compared to financial) 39,134,969 miscellaneous 71,865 total to schedule d, part xii, line 4b 39,206,834

Raw XML AppendixShowing 400 of 1,282 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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