Civic Intelligence

Dallas Baptist University

990 • Fiscal year 2018 • EIN 75-6001300

Jun 01, 2017 to May 31, 2018 • Filed on Mar 26, 2019

Refreshing map…

3000 Mountain Creek ParkwayDallas, TX 75211-9299

(214) 333-5160

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.05x

Higher debt load relative to assets than 18% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

12th percentile

0.08x

Higher debt load relative to revenue than 12% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

62nd percentile

8.0%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

59th percentile

$569,682

Higher top officer pay than 59% of similar nonprofits.

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

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

71st percentile

7.9%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

7.0%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Up

$206,841,820

Up $15,144,555 (+7.9%) from 2017

Net Assets

Up

$195,757,754

Up $13,302,968 (+7.3%) from 2017

Liabilities

Up

$11,084,066

Up $1,841,587 (+20%) from 2017

Revenue

Up

$137,203,412

Up $8,980,723 (+7.0%) from 2017

Expenses

Up

$126,270,645

Up $3,669,024 (+3.0%) from 2017

Net Income

Up

$10,932,767

Up $5,311,699 (+94%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $144,086,301Liabilities 2010: $29,442,334Net Assets 2010: $114,643,9672010Assets 2011: $150,204,558Liabilities 2011: $22,977,435Net Assets 2011: $127,227,1232011Assets 2012: $149,819,122Liabilities 2012: $15,613,700Net Assets 2012: $134,205,4222012Assets 2013: $160,992,624Liabilities 2013: $12,095,885Net Assets 2013: $148,896,7392013Assets 2014: $172,293,901Liabilities 2014: $8,833,384Net Assets 2014: $163,460,5172014Assets 2015: $182,557,362Liabilities 2015: $10,993,360Net Assets 2015: $171,564,0022015Assets 2016: $182,650,663Liabilities 2016: $9,148,598Net Assets 2016: $173,502,0652016Assets 2017: $191,697,265Liabilities 2017: $9,242,479Net Assets 2017: $182,454,7862017Assets 2018: $206,841,820Liabilities 2018: $11,084,066Net Assets 2018: $195,757,7542018Assets 2019: $214,969,440Liabilities 2019: $15,843,024Net Assets 2019: $199,126,4162019Assets 2020: $215,242,904Liabilities 2020: $14,190,335Net Assets 2020: $201,052,5692020Assets 2021: $238,509,903Liabilities 2021: $13,905,635Net Assets 2021: $224,604,2682021Assets 2022: $231,209,561Liabilities 2022: $13,702,272Net Assets 2022: $217,507,2892022Assets 2023: $225,256,162Liabilities 2023: $13,726,345Net Assets 2023: $211,529,8172023

Highlighted filing

2018

Assets$206,841,820
Liabilities$11,084,066
Net Assets$195,757,754

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $85,379,9332010Expenses 2011: $92,423,7132011Expenses 2012: $96,860,8222012Expenses 2013: $103,928,7772013Revenue 2014: $123,370,571Expenses 2014: $110,845,918Net Income 2014: $12,524,6532014Revenue 2015: $122,116,657Expenses 2015: $114,191,703Net Income 2015: $7,924,9542015Revenue 2016: $124,876,364Expenses 2016: $118,865,428Net Income 2016: $6,010,9362016Revenue 2017: $128,222,689Expenses 2017: $122,601,621Net Income 2017: $5,621,0682017Revenue 2018: $137,203,412Expenses 2018: $126,270,645Net Income 2018: $10,932,7672018Revenue 2019: $133,612,642Expenses 2019: $127,216,932Net Income 2019: $6,395,7102019Revenue 2020: $135,214,343Expenses 2020: $131,134,238Net Income 2020: $4,080,1052020Revenue 2021: $138,885,387Expenses 2021: $131,160,240Net Income 2021: $7,725,1472021Revenue 2022: $142,120,388Expenses 2022: $146,289,658Net Income 2022: -$4,169,2702022Revenue 2023: $145,703,782Expenses 2023: $146,937,031Net Income 2023: -$1,233,2492023

Highlighted filing

2018

Revenue$137,203,412
Expenses$126,270,645
Net Income$10,932,767
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Mar 26, 2019
Return Version
2017v2.3
Gross Receipts
$137,737,669
Mission and Program Overview

Mission

The purpose of dallas baptist university is to provide christ-centered quality higher education in the arts, sciences, and professional studies at both the undergraduate and graduate levels to traditional age and adult students in order to produce servant leaders who have the ability to integrate faith and learning through their respective callings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$127,816,788$127,800,743▼ $16,045
Investments Other Securities$46,419,285$50,218,801▲ $3,799,516
Cash and Non-Interest-Bearing Accounts$7,828,992$14,692,677▲ $6,863,685
Pledges and Grants Receivable-$3,557,475-
Accounts Receivable$3,377,421$3,129,424▼ $247,997
Prepaid Expenses and Deferred Charges$1,070,214$1,132,660▲ $62,446
Savings and Temporary Cash Investments$65$364,395▲ $364,330
Inventories for Sale or Use$43,484$38,505▼ $4,979
Total Assets$191,697,265$206,841,820▲ $15,144,555
Other Assets Total$5,141,016$5,907,140▲ $766,124
Liabilities
Accounts Payable and Accrued Expenses$3,869,596$4,043,880▲ $174,284
Deferred Revenue$3,475,175$3,851,594▲ $376,419
Other Liabilities$1,897,708$1,680,664▼ $217,044
Mortgage Notes Payable Secured by Investment Property-$1,507,928-
Total Liabilities$9,242,479$11,084,066▲ $1,841,587
Net Assets / Fund Balance
Unrestricted Net Assets$138,143,091$141,370,052▲ $3,226,961
Permanently Rstr Net Assets$32,692,421$34,949,245▲ $2,256,824
Temporarily Rstr Net Assets$11,619,274$19,438,457▲ $7,819,183
Total Net Assets Fund Balance$182,454,786$195,757,754▲ $13,302,968
Total Liabilities and Net Assets / Fund Balance$191,697,265$206,841,820▲ $15,144,555

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$97,073,689$38,426,860$135,500,549
Other Land Buildings$23,600,210$26,274,102$49,874,312
Equipment$4,702,350$17,425,920$22,128,270
Land$2,419,488-$2,391,513
Leasehold Improvements$5,006$50,581$55,587
Other Securities$769,790--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$42,552,254$1,597,620▲ $3,632,230-$46,101,695
2016$37,770,429$1,738,039▲ $4,733,285-$42,552,254
2015$37,752,198$2,955,847▼ $1,637,035-$37,770,429
2014$36,217,692$931,949▲ $2,116,213-$37,752,198
2013$32,867,794$557,530▲ $4,197,793-$36,217,692
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wrightadam CPresidentFT$448,879$120,803$569,682
Cook Gary RChancellorFT$316,036$199,494$515,530
Heefner Daniel JHead Baseball CoachFT$291,632$79,845$371,477
Dowd Dennis CVP and ProvostFT$194,773$40,666$235,439
Galloway William RayProfessor of KinesiologyFT$177,176$35,170$212,346
Lemons James CProfessor of Theological SFT$179,212$31,622$210,834
Hines Cory DVP for EnrollmentFT$178,047$27,975$206,022
Thomason Brent aAssistant Professor of Biblical StudiesFT$177,511$28,504$206,015
Thomason Brent aAssistant Professor of Biblical Stud-$163,922$42,093$206,015
Ingram Jr Osmond CAssistant Professor of LeadershipFT$168,979$35,094$204,073
Johnson Jeffrey PVP for AdvancementFT$180,906$18,445$199,351
Murrah Matthew TVP for Financial AffairsFT$160,840$31,174$192,014
Hedin Norma SVP for Executive AffairsFT$163,540$27,149$190,689
Linam R GailAcademic DeanFT$150,720$37,900$188,620
Teat Jonathan SVP for Administrative AffairsFT$132,679$39,990$172,669
Killingsworth V BlakeVP for CommunicationsFT$145,255$26,069$171,324
Byers Randall DVP for Intl AffairsFT$140,012$25,541$165,553
Harley James RVP for Student AffairsFT$130,309$17,157$147,466
Purushotham SanjayPt StaffPT$46,613-$46,613
Pedersen Herbert LAdjunct InstructorPT$26,539-$26,539
Ammons Gregory LAdjunct InstructorPT$22,133-$22,133
Harris Ronald LAdjunct Instructor-$3,650-$3,650

Highest Paid Contractors

ContractorServicesLocationCompensation
Excel CommercialPainting ServicesPO BOX 211946, Bedford, TX 76095$690,366
Boohermcgee & Associates INCArchitecture Services1318 SOUTH MAIN STREET, Duncanville, TX 75137$481,014
Ebs Solutions INCCleaning ServicesPO BOX 192627, Dallas, TX 75219$381,085
Ross House PrintPrinting Service306 WEST ROSS STREET, Waxahachie, TX 75165$202,995
Complete LandsculptureLandscaping Service2000 SANDY LN, Dallas, TX 75220$195,755
Revenue and Support

Revenue Composition

Contributions and Grants
$18,377,322
Program Service Revenue
$115,993,799
Investment Income
$2,343,968
Other Revenue
$488,323
All Other Contributions
$14,333,028
Change in Net Assets
$10,932,767

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
Books and Publications-$41,705Sale of Comparable Books
Other Non Cash Contri Table14$18,330Thrift Store Value
Other Non Cash Contri Table1$10,000Expert Opinion
Other Non Cash Contri Table1$5,253Thrift Store Value
Total Noncash Contributions16$75,288-

Audited Revenue Reconciliation

Revenue per Audited Statements
$105,986,063
Revenue Not Reported on Financial Statements
$31,217,349
Revenue Not Reported on Form 990
$2,356,610
Other Revenue Adjustments
$31,192,803
Total Revenue per Audited Statements
$108,342,673
Total Revenue per Form 990
$137,203,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$55,807,849
Other Expenses$38,669,406
Grants and Similar Amounts Paid$31,793,390
Total Fundraising Expense$1,233,699
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,907,099$7,290,203$707,111$42,904,413
Grants to Domestic Individuals$29,046,148--$29,046,148
Depreciation Depletion$6,221,171$1,199,493-$7,420,664
Fees for Services Other$4,201,199$2,723,004-$6,924,203
Occupancy$3,809,202$3,098,625$11,780$6,919,607
Office Expenses$2,912,654$3,013,352$69,545$5,995,551
Travel$3,083,638$1,171,526$25,109$4,280,273
Other Employee Benefits$3,040,175$997,144$66,776$4,104,095
Payroll Taxes$2,564,006$540,261$58,461$3,162,728
Current Officers, Directors, Trustees, and Key Employees$850,262$1,839,066$260,604$2,949,932
Foreign Grants$2,747,242--$2,747,242
Pension Plan Contributions$2,191,997$469,471$25,213$2,686,681
Advertising$1,489,102$157,423$5,535$1,652,060
Information Technology$250,670$881,218$2,606$1,134,494
Conferences and Meetings$366,922$67,703$959$435,584
Insurance$242$93,300-$93,542
Fees for Services Accounting-$72,119-$72,119
Fees for Services Legal$309$44,806-$45,115
Fees for Service Investment Mgmnt Fees-$33,829-$33,829
Other Expenses$138$15,708-$15,846
Interest-$7,674-$7,674
Total Functional Expenses$100,539,478$24,497,468$1,233,699$126,270,645

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$126,270,645
Total Expenses per Audited Statements$95,039,705
Expenses per Audited Statements$94,762,900
Expenses Not Reported on Financial Statements$31,507,745
Other Expense Adjustments$31,483,199
Expenses Not Reported on Form 990$276,805
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
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$290,395
Fundraising Gross Income$99,180
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
R. Perry Dinner$403,068$72,818$79,696$-6,878
T. Landry Dinner$62,477$12,877$12,921$-44
Total Events$570,492$99,180$290,395$-191,215
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$803,336
Annuities Payable$665,541
Agency Accounts$174,093
State Financial Aid to Be Awarded$19,744
Room and Key Deposits$17,950
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 family members
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The irs form 990 is prepared internally by the financial affairs division of the university. The information gathered and reviewed to prepare the form 990 comes from numerous sources. These sources include the university's financials, payroll records, board of trustees documents, etc. The final draft of the form 990 is presented to the full board before it is electronically filed.

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

Yes, the organization does monitor and enforce compliance with the policy of dealing with "conflict of interest." specifically, the financial affairs vice president reviews all purchase orders and approves the purchase orders in order to monitor whether or not an officer, director, trustee, or key employee has a conflict of interest and is being reimbursed as such. If at any time an officer, director, trustee, or key employee should appear to have a conflict of interest, the information is then provided to the appropriate entity for them to act upon.

Form 990, Part VI, Section B, Line 15

An independent board of trustees reviews and approves the compensation of the organization's top officer. The organization's top officer reviews and approves the compensation of the remaining officers.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Dallas Baptist University
EIN
75-6001300
Phone
2143335160
Address
3000 MOUNTAIN CREEK PARKWAY, DALLAS, TX 75211-9299

Signing Officer

Name
Dr Matthew Murrah
Title
VP for Financial Affairs
Phone
2143335160
Signed
2019-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Wright
Formed
1898
Legal Domicile
TX
Voting Board Members
40
Independent Board Members
36
Employees
2,115
Volunteers
0

Preparer

Firm
Weaver & Tidwell Llp
Address
2300 N FIELD ST STE 1000, DALLAS, TX 75201
Preparer
Ira L Nevelow
Phone
9724901970
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of split interest agreements 815,904. Interest rate swap 14,639.

Form 990, Part XII, Line 2C - Change in Oversight of the Audit

There has been no change in the oversight of the audit or selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The university is exempt from federal income tax under section 501(c)(3) of the internal revenue code (irc) in accordance with a letter from the internal revenue service dated march 16, 1987. This letter states that the exemption was granted in june 1946. Also, under a group ruling issued by the internal revenue service to the bgct, the university, as an institution of the bgct, is exempt from federal income tax under section 501(a) of the irc as an organization described in section 501(c)(3). However, income generated from activities unrelated to the university's exempt purpose is subject to tax under irc section 511. The university has been classified as an organization that is not a private foundation and contributions to it qualify for deduction as charitable contributions. The university had no material unrelated business taxable income during the years ended may 31, 2018 and 2017. The university adopted asc 740, accounting for uncertainty in income taxes, which became effective for years beginning after december 15, 2008, related to accounting for uncertainty in income taxes. The pronouncement requires that the university recognize in its financial statements the financial effects of a tax position, if that position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the position. The pronouncement also provides guidance on measurement, classification, interest and penalties and disclosure. Tax positions taken related to the university's status and state taxes have been reviewed, and management is of the opinion that material positions taken by the university would more likely than not be sustained by examination. Accordingly, the university has not recorded an income tax liability for uncertain tax benefits. As of may 31, 2018, the university's tax years 2014 and thereafter remain subject to examination.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of split interest agreements 815,904.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and grants 31,483,199. Special events expenses -290,396.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses 290,396. Interest rate swap -14,639.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and grants 31,483,199.

Raw XML AppendixShowing 400 of 1,364 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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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$225$13.7$212$146$147$1.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$231$13.7$218$142$146$4.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$239$13.9$225$139$131$7.73
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$215$14.2$201$135$131$4.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$215$15.8$199$134$127$6.40
2018Detailed filing. Detailed filing data is available for this year.$207$11.1$196$137$126$10.9
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$192$9.24$182$128$123$5.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$183$9.15$174$125$119$6.01
2015Detailed filing. Detailed filing data is available for this year.$183$11.0$172$122$114$7.92
2014Detailed filing. Detailed filing data is available for this year.$172$8.83$163$123$111$12.5
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$161$12.1$149$104
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$15.6$134$96.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$23.0$127$92.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$29.4$115$85.4