Civic Intelligence

Wayland Baptist University

EIN 75-0859668 • 501(c)3 • Plainview, TX

Profile

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.

1900 W 7th Street CMB 1262Plainview, TX 79072

www.wbu.edu

Siviq Scores

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

Liabilities / Assets

47th percentile

0.24x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.80x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

23rd percentile

-3.5%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

36th percentile

2.7%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

3.6%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$203,330,026

Up $5,366,824 (+2.7%) from 2023

Liabilities

Up

$48,501,422

Up $2,199,767 (+4.8%) from 2023

Net Assets

Up

$154,828,604

Up $3,167,057 (+2.1%) from 2023

Revenue

Up

$60,580,363

Up $2,125,497 (+3.6%) from 2023

Expenses

Up

$62,703,318

Up $917,331 (+1.5%) from 2023

Net Income

Up

-$2,122,955

Up $1,208,166 (+36%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $118,171,200Liabilities 2010: $25,486,006Net Assets 2010: $92,685,1942010Assets 2011: $146,311,776Liabilities 2011: $45,921,146Net Assets 2011: $100,390,6302011Assets 2012: $160,389,302Liabilities 2012: $52,505,807Net Assets 2012: $107,883,4952012Assets 2013: $163,061,039Liabilities 2013: $49,691,951Net Assets 2013: $113,369,0882013Assets 2014: $162,707,997Liabilities 2014: $47,139,607Net Assets 2014: $115,568,3902014Assets 2015: $167,742,485Liabilities 2015: $44,652,808Net Assets 2015: $123,089,6772015Assets 2016: $166,353,629Liabilities 2016: $41,108,518Net Assets 2016: $125,245,1112016Assets 2017: $167,108,996Liabilities 2017: $39,013,669Net Assets 2017: $128,095,3272017Assets 2018: $166,002,234Liabilities 2018: $37,751,851Net Assets 2018: $128,250,3832018Assets 2019: $166,081,943Liabilities 2019: $37,348,265Net Assets 2019: $128,733,6782019Assets 2020: $158,651,317Liabilities 2020: $36,937,450Net Assets 2020: $121,713,8672020Assets 2021: $171,784,780Liabilities 2021: $39,575,553Net Assets 2021: $132,209,2272021Assets 2022: $174,544,622Liabilities 2022: $45,417,270Net Assets 2022: $129,127,3522022Assets 2023: $197,963,202Liabilities 2023: $46,301,655Net Assets 2023: $151,661,5472023Assets 2024: $203,330,026Liabilities 2024: $48,501,422Net Assets 2024: $154,828,6042024

Highlighted filing

2024

Assets$203,330,026
Liabilities$48,501,422
Net Assets$154,828,604

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $56,717,2772010Revenue 2011: $65,204,435Expenses 2011: $60,994,953Net Income 2011: $4,209,4822011Expenses 2012: $66,127,0062012Expenses 2013: $69,323,9382013Revenue 2014: $69,149,860Expenses 2014: $69,059,587Net Income 2014: $90,2732014Revenue 2015: $64,838,235Expenses 2015: $65,466,264Net Income 2015: -$628,0292015Revenue 2016: $69,393,657Expenses 2016: $63,267,024Net Income 2016: $6,126,6332016Revenue 2017: $69,117,805Expenses 2017: $64,523,481Net Income 2017: $4,594,3242017Revenue 2018: $65,442,337Expenses 2018: $64,943,942Net Income 2018: $498,3952018Revenue 2019: $67,867,417Expenses 2019: $66,773,096Net Income 2019: $1,094,3212019Revenue 2020: $63,028,629Expenses 2020: $64,908,986Net Income 2020: -$1,880,3572020Revenue 2021: $76,328,072Expenses 2021: $68,691,370Net Income 2021: $7,636,7022021Revenue 2022: $73,776,936Expenses 2022: $70,085,880Net Income 2022: $3,691,0562022Revenue 2023: $58,454,866Expenses 2023: $61,785,987Net Income 2023: -$3,331,1212023Revenue 2024: $60,580,363Expenses 2024: $62,703,318Net Income 2024: -$2,122,9552024

Highlighted filing

2024

Revenue$60,580,363
Expenses$62,703,318
Net Income-$2,122,955

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$203$48.5$155$60.6$62.7$2.12
2023Detailed filing. Detailed filing data is available for this year.$198$46.3$152$58.5$61.8$3.33
2022Detailed filing. Detailed filing data is available for this year.$175$45.4$129$73.8$70.1$3.69
2021Detailed filing. Detailed filing data is available for this year.$172$39.6$132$76.3$68.7$7.64
2020Detailed filing. Detailed filing data is available for this year.$159$36.9$122$63.0$64.9$1.88
2019Detailed filing. Detailed filing data is available for this year.$166$37.3$129$67.9$66.8$1.09
2018Detailed filing. Detailed filing data is available for this year.$166$37.8$128$65.4$64.9$0.50
2017Summary only. Only limited summary data is available for this year.$167$39.0$128$69.1$64.5$4.59
2016Detailed filing. Detailed filing data is available for this year.$166$41.1$125$69.4$63.3$6.13
2015Detailed filing. Detailed filing data is available for this year.$168$44.7$123$64.8$65.5$0.63
2014Detailed filing. Detailed filing data is available for this year.$163$47.1$116$69.1$69.1$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$49.7$113$69.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$52.5$108$66.1
2011Summary only. Only limited summary data is available for this year.$146$45.9$100$65.2$61.0$4.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$118$25.5$92.7$56.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$64,912,098
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$130,108,961$124,352,794▼ $5,756,167
Investments in Publicly Traded Securities-$32,052,522-
Investments Other Securities$41,764,802$19,973,449▼ $21,791,353
Accounts Receivable$4,835,618$8,317,975▲ $3,482,357
Cash and Non-Interest-Bearing Accounts-$1,748,573-
Other Notes and Loans Receivable, Net$1,538,031--
Pledges and Grants Receivable$2,193,861$689,125▼ $1,504,736
Prepaid Expenses and Deferred Charges-$581,839-
Inventories for Sale or Use-$415,604-
Savings and Temporary Cash Investments$3,223,912$102,739▼ $3,121,173
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$197,963,202$203,330,026▲ $5,366,824
Other Assets Total$14,298,017$15,095,406▲ $797,389
Liabilities
Tax Exempt Bond Liabilities$23,680,000$21,658,615▼ $2,021,385
Unsecured Notes Loans Payable$12,471,957$16,178,356▲ $3,706,399
Deferred Revenue$4,841,006$4,826,438▼ $14,568
Accounts Payable and Accrued Expenses$2,703,325$3,714,265▲ $1,010,940
Other Liabilities$2,605,367$2,123,748▼ $481,619
Total Liabilities$46,301,655$48,501,422▲ $2,199,767
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,218,625$86,836,401▼ $2,382,224
Net Assets With Donor Restrictions$62,442,922$67,992,203▲ $5,549,281
Total Net Assets Fund Balance$151,661,547$154,828,604▲ $3,167,057
Total Liabilities and Net Assets / Fund Balance$197,963,202$203,330,026▲ $5,366,824

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$56,015,642$43,232,469$99,248,111
Equipment$1,896,155$26,478,088$28,374,243
Other Land Buildings$6,549,742$6,765,266$13,315,008
Land$59,891,255-$2,215,106
Other Assets Org$1,747,458--
Other Securities$13,337,792--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$114,616,109$2,587,218▲ $10,871,698$4,385,004$122,050,796
2022$87,853,223$1,259,519▲ $32,930,006$7,426,639$114,616,109
2021$95,013,405$1,098,430▲ $2,600,253$6,077,385$87,853,223
2020$89,304,061$1,702,549▲ $11,061,569$7,054,774$95,013,405
2019$91,146,231$4,142,565▼ $2,166,275$3,818,460$89,304,061
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Bobby HallUniversity PresidentFT$324,525$73,963$398,488
Dr Claude LuskSr. VP of OP & Student LifeFT$130,590$40,364$170,954
Mr Mike HammackVP of Institutional AdvancementFT$136,251$12,473$148,724
Dr Henrique ReginaExec. Dir./Campus Dean HawaiiFT$121,447$24,986$146,433
Dr Richard M BellAssistant Professor of ManagementFT$116,086$28,651$144,737
Dr Cindy McClenaganVP of Academic AffairsFT$103,272$35,130$138,402
Dr David BishopVP of External CampusesFT$105,828$30,097$135,925
Dr Samantha MurrayProfessor of ManagementFT$129,307$3,017$132,324
Dr Daniel BrownVP of Enrollment MgmtFT$94,897$34,749$129,646
Dr Janet S JonesProfessor of ManagementFT$128,865$504$129,369
Mrs Lezlie HukillCFO (Part Year)FT$111,636$14,780$126,416
Dr Jenny E DuttonProfessor of ManagementFT$115,540$840$116,380

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sandia Contruction IncConstruction ServicesPO Box 53720, Lubbock, TX 79453$4,545,187
Sodexo IncFood ServicesPO Box 352, Buffalo, NY 14240$1,698,670
Ellucian Company LPTechnology Operation Services62578 Collections Center Drive, Chicago, IL 60693$1,350,867
Verba Software IncEducation Technology ServicesPO Box 746579, Atlanta, GA 30374$907,200
Drash Contracting Company LPConstruction Services120 Oak Creek Ct, San Antonio, TX 78232$569,283
Revenue and Support

Revenue Composition

Contributions and Grants
$11,203,650
Program Service Revenue
$42,259,090
Investment Income
$1,560,916
Other Revenue
$5,556,707
All Other Contributions
$6,057,331
Change in Net Assets
$-2,122,955

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
Real Estate Residential1$1,376,000None
Books and Publications-$10,281Cost
Other Non Cash Contri Table10$4,709Cost
Works of Art4$2,175Cost
Clothing and Household Goods-$2,109Cost
Food Inventory10$1,219Cost
Drugs and Medical Supplies1$175Cost
Total Noncash Contributions26$1,396,668-

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,974,251
Revenue Not Reported on Financial Statements
$11,606,112
Revenue Not Reported on Form 990
$5,325,098
Other Revenue Adjustments
$11,459,073
Total Revenue per Audited Statements
$54,299,349
Total Revenue per Form 990
$60,580,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$27,253,943
Other Expenses$23,990,302
Grants and Similar Amounts Paid$11,459,073
Total Fundraising Expense$1,255,101
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,984,076$1,699,199$476,612$20,159,887
Grants to Domestic Individuals$11,459,073--$11,459,073
Occupancy$5,406,206$2,961,545$496,876$8,864,627
Office Expenses$4,545,125$745,801$29,271$5,320,197
Other Employee Benefits$3,780,533$381,413$75,976$4,237,922
Depreciation Depletion$2,988,142$214,925$35,110$3,238,177
Payroll Taxes$1,458,485$147,145$29,311$1,634,941
Travel$1,134,621$186,178$16,066$1,336,865
Fees for Services Other$944,196$370,798$0$1,314,994
Interest$1,072,564$196,178$31,443$1,300,185
Current Officers, Directors, Trustees, and Key Employees$1,089,393$109,907$21,893$1,221,193
Information Technology$970,169$159,193$13,737$1,143,099
Advertising$674,867$110,738$9,556$795,161
Insurance$208,422$114,174$19,156$341,752
Fees for Service Investment Mgmnt Fees-$147,039-$147,039
Fees for Services Accounting-$122,370-$122,370
Fees for Services Legal-$58,000-$58,000
Conferences and Meetings$6,651$1,091$94$7,836
Total Functional Expenses$53,722,523$7,725,694$1,255,101$62,703,318

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$62,703,318
Total Expenses per Audited Statements$51,132,292
Expenses per Audited Statements$51,097,206
Expenses Not Reported on Financial Statements$11,606,112
Other Expense Adjustments$11,459,073
Expenses Not Reported on Form 990$35,086
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$59,670
Fundraising Direct Expenses$35,086
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$48,999$41,760-$41,760
Gala$45,810$9,700-$9,700
Total Events$104,294$59,670$35,086$24,584
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Federal Government$2,123,748
Right-of-Use Liability-

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHale Center Education Facilities Corporation2022-02-28$28,265,335Refinance 2010 & 2012 bond, building repairs, HVAC installation & repairs, & other capital projects

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$28,265,335$25,576,086$3,200,000$446,150

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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, Line 15

The Executive Officers of the Board set the President's compensation and the President sets the Cabinet's compensation. The University is working to implement the use of comparability data in setting compensation and firming up its documentation of the deliberation and decision to check "yes" to this question on future Form 990s.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

Per the Bylaws of the organization, the Executive Committee shall consist of the Chair, Vice Chair and four Chairs among the board's standing committees (appointed by the Board Chair). The Executive Committee is empowered to act for the board between regular board meetings on all matters except for those matters reserved for the board.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The Baptist General Convention of Texas elect certain trustees during each of its annual sessions.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Form 990 is reviewed by the President and Chief Financial Officer prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Written conflict of interest disclosure statements are required for all trustees. Although not currently required, university officers and key employees are encouraged to disclose potential conflicts of interest. Depending on the conflict, restrictions are enforced to eliminate or mitigate the conflict of interest.

Form 990, Part VI, Line 19 Required documents available to the public

The governing documents, conflict of interest policy and financial statements are available upon request.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Other Revenue - Total Revenue: 311571, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 311571;

Filing and Contact Details

Filer

Filer Name
Wayland Baptist University
EIN
75-0859668
Phone
8062913441
Address
1900 W 7th Street CMB 1262, Plainview, TX 79072

Signing Officer

Name
Bobby Hall
Title
University President
Phone
8062913445
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
1908
Legal Domicile
TX
Voting Board Members
27
Independent Board Members
27
Employees
1,047
Volunteers
80

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
5605 N MacArthur Blvd Suite 210, Irving, TX 75038
Preparer
Daren Daiga
Phone
5055022746
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 1F Adjustment to (C) Two years back

An adjustment was made to column (c) two years back in order to tie to the beginning balance for current year and prior year per the audited financial statements.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The university appropriates funds for expenditure as they are distributed and available for scholarships or programmatic needs.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Fundraising Event Expenses - 35086

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Scholarships - 11459073

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising Event Expenses - 35086

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Scholarships - 11459073

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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/Desc0An accredited university, providing academic programs and student services across eight schools, nine external campuses, and through WBU online. Intercollegiate athletics and residential services are also offered at the main campus in Plainview, Texas.
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