Better Business Bureau Report for
Baylor College of Medicine

Better Business Bureau Report issued April 2013
Better Business Bureau Report expires April 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Baylor College of Medicine
Address: One Baylor Plaza, Ste. 171A
  Houston, TX 77030
Phone: 713-798-4714
Web Address: www.bcm.edu
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Better Business Bureau Comments

Year, State Incorporated: 1969, Texas
Affiliates: None
Stated Purpose: Baylor College of Medicine is committed to being a national leader in advancing human health through the integration of patient care, research, education, and community service.

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Evaluation Conclusions

              

Baylor College of Medicine meets the 20 Standards for Charity Accountability.
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Programs

              

BCM, the only private medical school in the Greater Southwest, is recognized as a premier academic health science center. Located in the Texas Medical Center, Baylor College of Medicine has affiliations with eight teaching hospitals, each known for medical excellence. For 2011, U.S. News & World Report ranked BCM as one of the top 25 medical schools for research. The college has total research support of $400 million, with $344 million from federal sources, and more than 90 research and patient-care centers and units. Currently, BCM trains more than 3,000 medical, graduate, nurse anesthesia, and physician assistant students, as well as residents and post-doctoral fellows.

For the fiscal year ended June 30, 2012, Baylor College of Medicine's program expenses were:

  
Research 450,680
Affiliated Hospital Programs 405,457
Medical Services 250,255
Instruction 125,197
Operations and Maintanence
Total Program Expenses: $1,231,589
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Governance

              

Chief Executive : Paul E. Klotman, President and Chief Executive Officer
Compensation*: 
$561,040

Chair of the Board: James Hackett
Chair's Profession / Business Affiliation: retired, Anadarko Petroleum Corp.

Board Size: 48

Paid Staff Size: 6674

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, telephone, invitations to fund raising events, print advertisements, television, grant proposals, internet, planned giving arrangements
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $474,774,000, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Baylor College of Medicine's audited financial statements for the fiscal year ended June 30, 2012.

Source of Funds  
Affiliated hospital contracts 440,813,000
Government and private grants and contracts: Direct recoveries 329,068,000
Medical services 235,438,000
Government and private grants and contracts: Indirect recoveries 69,100,000
State appropriations 46,278,000
Net assets release from restrictions 43,350,000
Investment income distribution and other 39,903,000
Other sources 36,699,000
Tuition and fees 31,341,000
Contributions 16,014,000
Net tuition and fees 14,573,000
Equipment acquired though grants and contracts 12,854,000
Non-equipment assets acquired through grants, contracts and gifts and other 4,447,000
Contributions 1,460,000
Net assets released from restrictions 13,000
Losses on disposals and write-downs of property and equipment -2,066,000
Less: Institutional scholarships -16,768,000
Investment gain (loss), net of distribution -19,653,000
Impairment losses on capital projects -56,000,000
Unrealized gain (loss) on bond swaps -61,056,000
Total Income $1,165,808,000


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Uses of Funds as a % of Total Expenses

Programs: 92%  Fund Raising: Less than 1%  Administrative: 8% 

Total income $1,165,808,000
Program expenses $1,250,587,621
Fund raising expenses 4,864,242
Administrative expenses 107,109,891
Total expenses $1,362,561,754
Expenses in Excess of Income (196,753,754)
Beginning net assets 953,658,000
Ending net assets 841,690,000
Total liabilities 979,672,000
Total assets $1,821,362,000


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Complaints

              

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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