Better Business Bureau Report for
Baylor College of Medicine

Better Business Bureau Report issued January 2012
Better Business Bureau Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. 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, 2010, Baylor College of Medicine's program expenses were:

  
Research 367,024,000
Affiliated Hospital Programs 336,851,000
Medical Services 251,869,000
Instruction 112,461,000
Operations and Maintanence 46,402,000
Total Program Expenses: $1,114,607,000
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Governance

               

Chief Executive : Paul Klotman, M.D., President and CEO
Compensation*:

Highest Paid Executive: Joseph Coselli, M.D.,Chief of Adult Cardiac Surgery at the Texas Heart Institute; Professor of Surgery/Cardio/Thoracic Surgery at Baylor College of M
Compensation*: $2,037,649

Chair of the Board: Marc J. Shapiro
Chair's Profession / Business Affiliation: Chase Bank of Texas, banking

Board Size: 45

Paid Staff Size: 6456

*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, grant proposals, planned giving arrangements, membership
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $416,918,000, 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, 2010.

Source of Funds  
Affiliated hospital contracts 367,157,000
Government and private grants and contracts: Direct recoveries 315,624,000
Medical services 224,257,000
Government and private grants and contracts: Indirect recoveries 68,372,000
Investment income distribution and other 52,269,000
State appropiations 49,574,000
Investment gain (loss), net of distribution 43,480,000
Other sources 39,262,000
Net assets released from restrictions 34,953,000
Tuition and Fees 22,652,000
Contributions 18,299,000
Equipment acquired through grants and contracts 11,876,000
Non-operating activities: Contributions 2,747,000
Net assets released from restrictions 790,000
Non-equipment assets aquired through grants, contract, and gifts and other -79,000
Losses on disposals and write downs of property and equipment -1,962,000
Write-off of original bond issue costs -6,586,000
Less: Institutional scholarships -12,064,000
Impairment losses on capital projects -23,000,000
Unrealized loss on bond swaps -33,536,000
Total Income $1,174,085,000


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Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: Less than 1%  Administrative: 9% 

Total income   $1,174,085,000
  Program expenses $1,114,607,000
  Fund raising expenses 5,525,000
  Administrative expenses 111,840,000
 
Total expenses   $1,231,972,000
Expenses in Excess of Income   (57,887,000)
Beginning net assets   964,860,000
Ending net assets   890,480,000
Total liabilities   1,230,976,000
Total assets   $2,121,456,000


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Complaints

               

When considering complaint information, please take into account the business's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB processed a total of 10 complaint(s) about this business in the last 36 months, our standard reporting period. Of the total 10 complaint(s) closed in the last 36 months, 6 were closed in the last 12 months.

These complaints concerned:

6   regarding Billing or Collection Issues
2   regarding Refund Or Exchange Issues
1   regarding Selling Practices
1   regarding Service Issues

 

These complaints were closed as:

10   Resolved
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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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