Better Business Bureau Report for
Baylor College of Medicine

Better Business Bureau Report issued March 2015
Better Business Bureau Report expires March 2016


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, MS: BCM 160
  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 a health sciences university that creates and applies science and discoveries to further education, healthcare and community service locally and globally.

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Evaluation Conclusions

              

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

              

Located in the Texas Medical Center, Baylor College of Medicine has affiliations with eight teaching hospitals, each known for medical excellence. In 2014, it partnered with Catholic Health Initiatives to co-own Baylor St. Luke’s Medical Center. The college has 25 departments and more than 90 research and patient-care centers. It trains more than 3,000 medical, graduate and allied health sciences students, as well as residents and post-doctoral fellows, and is ranked as one of the top medical schools in the nation for research and primary care in U.S. News & World Report’s Best Graduate Schools 2015. It has total research support of $363 million, with $280 million from federal sources, and ranks first in Texas in funding from the National Institutes of Health.

For the fiscal year ended June 30, 2015, Baylor College of Medicine's program expenses were:

  
Affiliated Hospital Programs 554,667,443
Research 432,495,263
Medical Services 297,353,876
Instruction 128,360,969
Operations and Maintenance of Plant 48,862,089
Total Program Expenses: $1,461,739,640
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Governance

              

Chief Executive : Paul E. Klotman, M. D. , President, Chief Executive Officer and Executive Dean, Baylor College of Medicine
Compensation*: 
$1,396,397

Chair of the Board: James T. Hackett, Chair of the BCM Board of Trustees
Chair's Profession / Business Affiliation: Former Executive Chairman, Anadarko Petroleum Corp.

Board Size: 48

Paid Staff Size: 7321

*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, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $446,179,000, 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, 2015.

Source of Funds  
Affiliated hospital contracts 682,695,000
Government and private grants and contracts: Direct Recoveries 335,604,000
Net medical services 257,369,000
Government and private grants and contracts: Indirect Recoveries 67,479,000
Other sources 61,956,000
Investment income distribution and other 46,012,000
Net assets released from restrictions 36,574,000
Contributions 30,596,000
Equity in earnings - Baylor ST. Luke's Medical Center and others 20,655,000
Net Tuition and fees 18,448,000
Equipment acquired through grants and contracts 9,108,000
State appropriations 3,392,000
Total Income $1,569,888,000


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Uses of Funds as a % of Total Expenses

Programs: 93%  Fund Raising: Less than 1%  Administrative: 7% 

Total income $1,569,888,000
Program expenses $1,461,739,640
Fund raising expenses 5,006,766
Administrative expenses 115,614,023
Total expenses $1,582,360,429
Expenses in Excess of Income (12,472,429)
Beginning net assets 1,257,208,000
Ending net assets 1,423,708,000
Total liabilities 1,037,294,000
Total assets $2,461,002,000


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Complaints

              

The BBB processed a total of 7 complaint(s) about this business in the last 36 months, our standard reporting period. 

 
These complaints concerned:
4 regarding Billing or Collection Issues
3 regarding Refund / Exchange Issues
 
These complaints were closed as:
5 Resolved
2              Answered
 
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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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