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Nonprofit · EIN 74-1613878

BAYLOR COLLEGE OF MEDICINE

Tax-exempt · HOUSTON, TX 77030

Financials

$2.6B$2.6B2022$2.8B$2.8B2023$3B$3B2024
Revenue Expenses · by fiscal year end
Financials of BAYLOR COLLEGE OF MEDICINE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,979,794,649$2,978,703,069$1,091,580$3,113,646,721$1,493,443,403$1,620,203,318
June 30, 2024990$2,756,402,389$2,764,396,268-$7,993,879$3,073,454,864$1,501,069,996$1,572,384,868
June 30, 2023990$2,554,771,609$2,571,178,222-$16,406,613$2,886,238,950$1,291,260,170$1,594,978,780
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$836,352,482
of which government grants
$594,343,330
Program service revenue
$2,024,525,382
Investment income
$73,435,200
Royalties
$31,123,491
Net rental income
$2,149,855
Net gain from sales of assets
$43,336,789
Tax-exempt bond proceeds
$3,847,717
Other revenue
$45,481,585

Expenses

Grants and similar amounts paid
$139,206,617
Compensation of officers, directors and key employees
$16,213,195
Other salaries and wages
$1,743,011,247
Salaries, compensation and benefits (total)
$2,136,233,263
Professional fundraising fees
$0
Legal fees
$11,431,874
Accounting fees
$2,519,647
Occupancy
$54,081,538
Travel
$12,340,749
Depreciation
$57,548,611
Program services (functional)
$2,737,946,150
Management and general (functional)
$222,993,562
Fundraising (functional)
$17,763,357

Balance sheet and other

Total assets, start of year
$3,073,454,864
Total assets, end of year
$3,113,646,721
Total liabilities, end of year
$1,493,443,403
Net assets, end of year
$1,620,203,318
Land, buildings and equipment
$641,815,798
Publicly traded securities
$732,243,518
Net assets without donor restrictions
$459,088,986
Net assets with donor restrictions
$1,161,114,332
Gross unrelated business income
-$247,008
Gross receipts
$3,306,675,860
Employees
15,631
Volunteers
553
Year formed
1969
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PAUL E KLOTMAN MDPRESIDENT/CEO, EXECUTIVE DEAN
Officer
50$4,028,822$687,530
CHRISTOPHER LAVERGNE MDASSISTANT PROF
Highest-paid employee
50$2,077,204$45,579
Jeffrey Heinle MDPROF/CONGENITAL HEART SURGERY
Highest-paid employee
50$2,061,564$46,898
KENNETH LIAO MD PHDProfessor and Chief
Highest-paid employee
50$1,903,391$46,298
JOHN A GOSS MDPROF/CHIEF, ABDOMINAL TRANS.
Highest-paid employee
50$1,866,127$46,298
MARC MOON MDPROF/CHIEF CARDIOTHORACIC SURGERY
Highest-paid employee
50$1,820,809$46,298
JAMES T MCDEAVITT MDSVP & DEAN OF CLINICAL AFFAIRS
Officer
50$1,214,511$271,731
LARA Shekerdemian MDCHAIR - DEPT OF PEDIATRICS
Key employee
50$1,379,652$47,498
WILLIAM D WALKERVP - CHIEF INVESTMENT OFFICER
Key employee
50$1,173,826$48,625
HASHEM EL-SERAG MDCHAIR, DEPT OF MEDICINE
Key employee
50$962,777$46,118
JOE DOTYSVP & CHIEF OPERATING OFFICER
Officer
50$805,351$180,031
ROBERT F CORRIGAN JR JDSVP/GENERAL COUNSEL, CORP SEC
Officer
50$753,744$176,639
LORIE TABAKCHIEF OF STAFF
Officer
50$678,865$157,711
JENNIFER G CHRISTNER MDDEAN - SCHOOL OF MEDICINE (until 11-15-25)
Key employee
50$660,118$159,871
PETER J HOTEZ MD PHDDEAN - NAT SCHOOL OF TROP MED
Key employee
50$729,363$45,921
61 more people on this return
NameTitleHours / weekCompensationOther / benefits
STEPHANIE YOUNGSVP, INSTITUTIONAL ADVANCEMENT
Officer
50$612,899$96,811
GORDON E SCHUTZE MDCHAIR - DEPT OF PEDIATRICS (INTERIM 02-24-21 UNTIL 09-30-21)
Former
0$653,603$45,957
CAROLYN SMITH PHDSVP (interim 05-01-24 to 10-10-24) & DEAN-GRAD BIOMED SCI / RESEARCH
Officer
50$622,273$45,436
ASHOK BALASUBRAMANYAM MDVP ACAD. INTEGR/SR ASSOC DEAN
Key employee
50$576,780$45,578
CLAIRE BASSETTVP & CHIEF COMMUNICATIONS OFFICER
Officer
50$459,031$122,620
BERT O'MALLEY MDCHANCELLOR (passed away 11-11-25)
Key employee
50$471,236$45,062
OSWALDO RAMIREZCHIEF FINANCIAL OFFICER (interim 03-06-24 through 11-30-24)
Officer
50$433,741$45,391
KIMBERLY COTNER DAVIDSVP & CHIEF BUSINESS OFFICER (until 06-30-24)
Former
0$361,008$31,521
TODD A REINHART ScDDEAN-SCHOOL OF HEALTH PROFESSIONS
Key employee
50$337,012$39,865
MARY DICKINSON PHDSVP/DOR (until 04-30-24)
Former
0$193,175$19,609
JAMIE BAILEYSVP & CHIEF FINANCIAL OFFICER (until 03-05-24)
Former
0$158,724$17,821
Wesley A BenbowSVP & Chief Financial Officer (beginning 12-01-24)
Officer
50$52,180$4,371
CHRISTOPHER D WALLISTRUSTEE/VICE CHAIR
Trustee or director, Officer
2$0$0
GAIL W STEWARTtrustee/secretary
Trustee or director, Officer
2$0$0
GREGORY D BRENNEMANTRUSTEE/CHAIR-ELECT
Trustee or director, Officer
2$0$0
LARRY P HEARDTRUSTEE/VICE CHAIR
Trustee or director, Officer
2$0$0
WILLIAM E MEARSETRUSTEE/VICE CHAIR
Trustee or director, Officer
2$0$0
ALICIA A SABERIOONTRUSTEE
Trustee or director
2$0$0
ANTONIO FALCON MDTRUSTEE
Trustee or director
2$0$0
BARBARA B ALLBRITTONTRUSTEE
Trustee or director
2$0$0
BROOKS H MCGEETRUSTEE
Trustee or director
2$0$0
CHARLES A WILLIAMSTRUSTEE
Trustee or director
2$0$0
CHRISTOPHER B SAROFIMTRUSTEE
Trustee or director
2$0$0
CHUCK WATSONTRUSTEE
Trustee or director
2$0$0
CORBIN J ROBERTSON JRTRUSTEE (until 05-14-25)
Trustee or director
2$0$0
DAVID C BALDWINTRUSTEE
Trustee or director
2$0$0
DAVID R DOMINYTRUSTEE
Trustee or director
2$0$0
ELISE ELKINS JOSEPHTRUSTEE (until 11-20-24)
Trustee or director
2$0$0
ERIC MULLINSTRUSTEE
Trustee or director
2$0$0
FRED R LUMMISTRUSTEE
Trustee or director
2$0$0
HENRY JN TAUB IITRUSTEE
Trustee or director
2$0$0
IRA M MITZNERTRUSTEE
Trustee or director
2$0$0
J CARY GRAYTRUSTEE
Trustee or director
2$0$0
J MURRY BOWDENTRUSTEE
Trustee or director
2$0$0
JACK FIELDSTRUSTEE
Trustee or director
2$0$0
JAMES C FLORESTRUSTEE
Trustee or director
2$0$0
JAMES T HACKETTTRUSTEE
Trustee or director
2$0$0
JAY A BROWNTRUSTEE
Trustee or director
2$0$0
JOHN F ANDERSON MDTRUSTEE (passed away 03-08-25)
Trustee or director
2$0$0
JOHN L NAU IIITRUSTEE (until 05-14-25)
Trustee or director
2$0$0
KELLY HACKETTTRUSTEE (until 06-01-25)
Trustee or director
2$0$0
LARRY TAYLORTRUSTEE (Beginning 08-26-24)
Trustee or director
2$0$0
LEE H ROSENTHALTRUSTEE
Trustee or director
2$0$0
LINDA A LIVINGSTONE PHDTRUSTEE
Trustee or director
2$0$0
MARC J SHAPIROTRUSTEE (until 05-14-25)
Trustee or director
2$0$0
MARK A MCCOLLUMTRUSTEE
Trustee or director
2$0$0
MELANIE GRAYTRUSTEE
Trustee or director
2$0$0
MICHAEL G MACDOUGALLTRUSTEE
Trustee or director
2$0$0
PAUL L FOSTERTRUSTEE
Trustee or director
2$0$0
PAUL W HOBBYTRUSTEE
Trustee or director
2$0$0
PRECIOUS W OWODUNNITRUSTEE
Trustee or director
2$0$0
RALPH EADSTRUSTEE
Trustee or director
2$0$0
ROBERT J UNDERBRINKTRUSTEE
Trustee or director
2$0$0
ROBERT L BREWTONTRUSTEE
Trustee or director
2$0$0
SARAH FOSHEE MDTRUSTEE
Trustee or director
2$0$0
SHAUNA J CLARKTRUSTEE
Trustee or director
2$0$0
T DOUGLAS LAWSON PHDTRUSTEE (until 02-21-25)
Trustee or director
2$0$0
TODD A REPPERTTRUSTEE
Trustee or director
2$0$0
TRINIDAD MENDENHALLTRUSTEE
Trustee or director
2$0$0
VIJAY GORADIATRUSTEE
Trustee or director
2$0$0
WIL VANLOHTRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 78 people
NameTitleHours / weekCompensationOther / benefits
PAUL E KLOTMAN MDPRESIDENT/CEO, EXECUTIVE DEAN
Officer
50$3,910,653$541,683
Jeffrey Heinle MDPROF/CONGENITAL HEART SURGERY
Highest-paid employee
50$2,392,926$45,129
CHRISTOPHER LAVERGNE MDASSISTANT PROF
Highest-paid employee
50$2,238,603$43,082
JOHN A GOSS MDPROF/CHIEF, ABDOMINAL TRANS.
Highest-paid employee
50$1,963,907$41,927
MARC MOON MDPROF/CHIEF Cardiothoracic Surgery
Highest-paid employee
50$1,773,794$41,927
JOSEPH S COSELLI MD FACSPROF/Exec VC, Cardiothoracic Surgery
Highest-paid employee
50$1,583,095$43,684
LARA Shekerdemian MDCHAIR - DEPT OF PEDIATRICS
Key employee
50$1,326,361$45,129
JAMES T MCDEAVITT MDSVP & DEAN OF CLINICAL AFFAIRS
Officer
50$1,097,389$224,487
WILLIAM D WALKERVP - CHIEF INVESTMENT OFFICER
Key employee
50$1,111,807$48,146
CATHERINE M GORDON MDCHAIR - DEPT OF PEDIATRICS (10-01-21 UNTIL 04-29-22)
Former
50$955,878$39,055
HASHEM EL-SERAG MDCHAIR, DEPT OF MEDICINE
Key employee
50$865,628$43,513
JOE DOTYSVP & CHIEF OPERATING OFFICER
Officer
50$749,489$152,878
ROBERT F CORRIGAN JR JDSVP/GENERAL COUNSEL, CORP SEC
Officer
50$700,337$145,267
KIMBERLY COTNER DAVIDSVP & CHIEF BUSINESS OFFICER (until 06-30-24)
Officer
50$755,322$47,366
LORIE TABAKCHIEF OF STAFF
Officer
50$632,220$135,041
GORDON E SCHUTZE MDCHAIR - DEPT OF PEDIATRICS (INTERIM 02-24-21 UNTIL 09-30-21)
Former
0$690,291$41,566
PETER J HOTEZ MD PHDDEAN - NAT SCHOOL OF TROP MED
Key employee
50$699,328$31,614
JENNIFER G CHRISTNER MDDEAN - SCHOOL OF MEDICINE
Key employee
50$564,655$119,311
STEPHANIE YOUNGSVP, INSTITUTIONAL ADVANCEMENT
Officer
50$567,004$74,153
ASHOK BALASUBRAMANYAM MDVP ACAD. INTEGR/SR ASSOC DEAN
Key employee
50$568,941$42,854
MARY DICKINSON PHDSVP/DOR (until 04-30-24)
Officer
50$557,230$42,266
JAMIE BAILEYSVP & CHIEF FINANCIAL OFFICER (until 03-05-24)
Officer
50$543,136$46,391
CAROLYN SMITH PHDSVP (interim 05-01-24 to 10-10-24) & DEAN-GRAD BIOMED SCI / RESEARCH
Officer
50$503,496$40,484
CLAIRE BASSETTVP & CHIEF COMMUNICATIONS OFFICER
Officer
50$425,892$104,439
BERT O'MALLEY MDCHANCELLOR
Key employee
50$471,236$42,815
OSWALDO RAMIREZCHIEF FINANCIAL OFFICER (interim 03-06-24 until 11-18-24)
Officer
50$350,807$38,468
TODD A REINHART ScDDEAN-SCHOOL OF HEALTH PROFESSIONS
Key employee
50$321,322$36,518
CHRISTOPHER D WALLISTRUSTEE/SECRETARY
Trustee or director, Officer
2$0$0
DAVID C BALDWINTRUSTEE/CHAIR
Trustee or director, Officer
2$0$0
GREGORY D BRENNEMANTRUSTEE/CHAIR-ELECT
Trustee or director, Officer
2$0$0
LARRY P HEARDTRUSTEE/VICE CHAIR
Trustee or director, Officer
2$0$0
WILLIAM E MEARSETRUSTEE/VICE CHAIR
Trustee or director, Officer
2$0$0
ALICIA A SABERIOONTRUSTEE
Trustee or director
2$0$0
ANTONIO FALCON MDTRUSTEE
Trustee or director
2$0$0
BARBARA B ALLBRITTONTRUSTEE
Trustee or director
2$0$0
BROOKS H MCGEETRUSTEE
Trustee or director
2$0$0
CHARLES A WILLIAMSTRUSTEE
Trustee or director
2$0$0
CHRISTOPHER B SAROFIMTRUSTEE
Trustee or director
2$0$0
CHUCK WATSONTRUSTEE
Trustee or director
2$0$0
CORBIN J ROBERTSON JRTRUSTEE
Trustee or director
2$0$0
DAVID R DOMINYTRUSTEE
Trustee or director
2$0$0
ELISE ELKINS JOSEPHTRUSTEE
Trustee or director
2$0$0
ERIC MULLINSTRUSTEE
Trustee or director
2$0$0
FRANK MK LIUTRUSTEE (until 03-13-2024)
Trustee or director
2$0$0
FRED R LUMMISTRUSTEE
Trustee or director
2$0$0
GAIL W STEWARTTRUSTEE
Trustee or director
2$0$0
GINA A LUNATRUSTEE (until 11-01-2023)
Trustee or director
2$0$0
HENRY JN TAUB IITRUSTEE
Trustee or director
2$0$0
IRA M MITZNERTRUSTEE
Trustee or director
2$0$0
J CARY GRAYTRUSTEE
Trustee or director
2$0$0
J MURRY BOWDENTRUSTEE
Trustee or director
2$0$0
JACK FIELDSTRUSTEE
Trustee or director
2$0$0
JAMES C FLORESTRUSTEE
Trustee or director
2$0$0
JAMES T HACKETTTRUSTEE
Trustee or director
2$0$0
JAY A BROWNTRUSTEE
Trustee or director
2$0$0
JOHN F ANDERSON MDTRUSTEE
Trustee or director
2$0$0
JOHN L NAU IIITRUSTEE
Trustee or director
2$0$0
KELLY HACKETTTRUSTEE
Trustee or director
2$0$0
KIRK TOWNSENDTRUSTEE (until 06-01-2024)
Trustee or director
2$0$0
LEE H ROSENTHALTRUSTEE
Trustee or director
2$0$0
LINDA A LIVINGSTONE PHDTRUSTEE
Trustee or director
2$0$0
MARC J SHAPIROTRUSTEE
Trustee or director
2$0$0
MARK A MCCOLLUMTRUSTEE
Trustee or director
2$0$0
MELANIE GRAYTRUSTEE
Trustee or director
2$0$0
MICHAEL G MACDOUGALLTRUSTEE
Trustee or director
2$0$0
PAUL L FOSTERTRUSTEE
Trustee or director
2$0$0
PAUL W HOBBYTRUSTEE
Trustee or director
2$0$0
PRECIOUS W OWODUNNITRUSTEE
Trustee or director
2$0$0
RALPH EADSTRUSTEE
Trustee or director
2$0$0
ROBERT J UNDERBRINKTRUSTEE
Trustee or director
2$0$0
ROBERT L BREWTONTRUSTEE
Trustee or director
2$0$0
SARAH FOSHEE MDTRUSTEE
Trustee or director
2$0$0
SHAUNA J CLARKTRUSTEE
Trustee or director
2$0$0
T DOUGLAS LAWSON PHDTRUSTEE
Trustee or director
2$0$0
TODD A REPPERTTRUSTEE
Trustee or director
2$0$0
TRINIDAD MENDENHALLTRUSTEE
Trustee or director
2$0$0
VIJAY GORADIATRUSTEE
Trustee or director
2$0$0
WIL VANLOHTRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 77 people
NameTitleHours / weekCompensationOther / benefits
PAUL E KLOTMAN MDPRESIDENT/CEO, EXECUTIVE DEAN
Officer
50$2,772,192$141,430
CHRISTOPHER CALDARONE MDPROF/CHIEF, CONGENITAL HEART
Highest-paid employee
50$2,317,187$41,678
CHRISTOPHER LAVERGNE MDASSISTANT PROF
Highest-paid employee
50$2,202,255$40,838
JOHN A GOSS MDPROF/CHIEF, ABDOMINAL TRANS.
Highest-paid employee
50$1,870,692$41,678
JOSEPH S COSELLI MD FACSPROF/VC/CHIEF, CTH SURGERY
Highest-paid employee
50$1,865,409$41,509
Jeffrey Heinle MDPROF/CONGENITAL HEART SURGERY
Highest-paid employee
50$1,763,564$42,878
LARA Shekerdemian MDCHAIR - DEPT OF PEDIATRICS (interim Chair 04-30-22 until 09-13-22)
Key employee
50$1,315,109$41,659
JAMES T MCDEAVITT MDSVP & DEAN OF CLINICAL AFFAIRS
Officer
50$1,119,814$42,844
WILLIAM D WALKERVP - CHIEF INVESTMENT OFFICER
Key employee
50$1,103,225$46,033
CATHERINE M GORDON MDCHAIR - DEPT OF PEDIATRICS (10-01-21 UNTIL 04-29-22)
Key employee
50$1,058,522$41,678
JOE DOTYSVP & CHIEF OPERATING OFFICER
Officer
50$658,914$203,463
KIMBERLY COTNER DAVIDSVP & CHIEF BUSINESS OFFICER
Officer
50$755,322$45,138
PETER J HOTEZ MD PHDDEAN - NAT SCHOOL OF TROP MED
Key employee
50$703,595$41,529
LORIE TABAKCHIEF OF STAFF
Officer
50$556,592$176,328
HASHEM EL-SERAG MDCHAIR, DEPT OF MEDICINE
Key employee
50$684,199$41,297
ROBERT F CORRIGAN JR JDSVP/GENERAL COUNSEL, CORP SEC
Officer
50$642,102$44,989
GORDON E SCHUTZE MDCHAIR - DEPT OF PEDIATRICS (INTERIM 02-24-21 UNTIL 09-30-21)
Former
0$639,531$41,489
JENNIFER G CHRISTNER MDDEAN - SCHOOL OF MEDICINE
Key employee
50$543,442$75,837
ASHOK BALASUBRAMANYAM MDVP ACAD. INTEGR/SR ASSOC DEAN
Key employee
50$568,691$40,743
STEPHANIE YOUNGSVP, INSTITUTIONAL ADVANCEMENT
Officer
50$495,310$86,855
MARY DICKINSON PHDSVP/DOR
Officer
50$512,783$64,493
CLAIRE BASSETTVP & CHIEF COMMUNICATIONS OFFICER
Officer
50$391,399$134,966
JAMIE BAILEYVP & CHIEF FINANCIAL OFFICER
Officer
50$437,540$81,051
BERT O'MALLEY MDCHANCELLOR
Key employee
50$457,227$40,380
CAROLYN SMITH PHDDEAN-GRAD SCHOOL OF BIOMED SCI
Key employee
50$428,867$39,711
ALICIA MONROE MDSVP PROVOST & DEAN OF ACAD (UNTIL 09-05-22)
Officer
50$384,651$36,625
TODD A REINHART ScDDEAN-SCHOOL OF HEALTH PROFESSIONS
Key employee
50$183,226$17,742
CHRISTOPHER D WALLISTRUSTEE/SECRETARY
Trustee or director, Officer
2$0$0
DAVID C BALDWINTRUSTEE/CHAIR
Trustee or director, Officer
2$0$0
GREGORY D BRENNEMANTRUSTEE/CHAIR-ELECT
Trustee or director, Officer
2$0$0
LARRY P HEARDTRUSTEE/VICE CHAIR
Trustee or director, Officer
2$0$0
WILLIAM E MEARSETRUSTEE/VICE CHAIR
Trustee or director, Officer
2$0$0
ALICIA A SABERIOONTRUSTEE
Trustee or director
2$0$0
ANTONIO FALCON MDTRUSTEE
Trustee or director
2$0$0
BARBARA B ALLBRITTONTRUSTEE
Trustee or director
2$0$0
BROOKS H MCGEETRUSTEE
Trustee or director
2$0$0
CHARLES A WILLIAMSTRUSTEE
Trustee or director
2$0$0
CHRISTOPHER B SAROFIMTRUSTEE
Trustee or director
2$0$0
CHUCK WATSONTRUSTEE
Trustee or director
2$0$0
CORBIN J ROBERTSON JRTRUSTEE
Trustee or director
2$0$0
DAVID R DOMINYTRUSTEE
Trustee or director
2$0$0
ELISE ELKINS JOSEPHTRUSTEE
Trustee or director
2$0$0
ERIC MULLINSTRUSTEE
Trustee or director
2$0$0
FRANK MK LIUTRUSTEE
Trustee or director
2$0$0
FRED R LUMMISTRUSTEE
Trustee or director
2$0$0
GAIL W STEWARTTRUSTEE
Trustee or director
2$0$0
GINA A LUNATRUSTEE
Trustee or director
2$0$0
HENRY JN TAUB IITRUSTEE
Trustee or director
2$0$0
IRA M MITZNERTRUSTEE
Trustee or director
2$0$0
J MURRY BOWDENTRUSTEE
Trustee or director
2$0$0
JACK FIELDSTRUSTEE
Trustee or director
2$0$0
JAMES C FLORESTRUSTEE
Trustee or director
2$0$0
JAMES T HACKETTTRUSTEE
Trustee or director
2$0$0
JAY A BROWNTRUSTEE
Trustee or director
2$0$0
JOHN F ANDERSON MDTRUSTEE
Trustee or director
2$0$0
JOHN L NAU IIITRUSTEE
Trustee or director
2$0$0
JOHN R HUFFTRUSTEE (EMERITUS 05/24/23)
Trustee or director
2$0$0
KIRK TOWNSENDTRUSTEE
Trustee or director
2$0$0
LEE H ROSENTHALTRUSTEE
Trustee or director
2$0$0
LINDA A LIVINGSTONE PHDTRUSTEE
Trustee or director
2$0$0
MARC J SHAPIROTRUSTEE
Trustee or director
2$0$0
MARK A MCCOLLUMTRUSTEE
Trustee or director
2$0$0
MELANIE GRAYTRUSTEE
Trustee or director
2$0$0
MICHAEL G MACDOUGALLTRUSTEE
Trustee or director
2$0$0
PAUL L FOSTERTRUSTEE
Trustee or director
2$0$0
PAUL W HOBBYTRUSTEE
Trustee or director
2$0$0
PRECIOUS W OWODUNNITRUSTEE
Trustee or director
2$0$0
RALPH EADSTRUSTEE
Trustee or director
2$0$0
ROBERT J UNDERBRINKTRUSTEE
Trustee or director
2$0$0
ROBERT L BREWTONTRUSTEE
Trustee or director
2$0$0
SARAH FOSHEE MDTRUSTEE
Trustee or director
2$0$0
SHAUNA J CLARKTRUSTEE
Trustee or director
2$0$0
T DOUGLAS LAWSON PHDTRUSTEE
Trustee or director
2$0$0
TODD A REPPERTTRUSTEE
Trustee or director
2$0$0
TRINIDAD MENDENHALLTRUSTEE
Trustee or director
2$0$0
VIJAY GORADIATRUSTEE
Trustee or director
2$0$0
WIL VANLOHTRUSTEE
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1 BAYLOR PLZ, HOUSTON, TX 77030-3411
In care of
% JAMIE BAILEY
Principal officer (990 for 2024)
PAUL E KLOTMAN MD, ONE BAYLOR PLAZA BCM 200, HOUSTON, TX 770303498
Signed the 990
PAUL E KLOTMAN MD, PRESIDENT
Phone
(713) 798-4951
Return prepared by
ERNST & YOUNG US LLP

Mission

BAYLOR COLLEGE OF MEDICINE (BCM) IS COMMITTED TO ADVANCING HUMAN HEALTH THROUGH THE INTEGRATION OF PATIENT CARE, RESEARCH, EDUCATION, AND COMMUNITY SERVICES.

990 for the year ended June 30, 2025

Program accomplishments

  • SERVICE - BCM AFFIRMS OUR COVENANT TO SERVE THE COMMUNITY. FOREMOST IS OUR COMMITMENT TO PATIENTS, BOTH IN OUR CLINICAL PRACTICE AND WITH AFFILIATED HOSPITALS. WE STRIVE TO IMPROVE PUBLIC HEALTH IN ALL OUR ENDEAVORS AND SERVE THE COMMUNITY IN ALL ASPECTS OF THIS PROCESS. BCM STUDENTS AND RESIDENTS SPEND MUCH OF THEIR EDUCATION AND TRAINING IN THE COLLEGE'S SEVEN PRIMARY CARE AFFILIATED TEACHING HOSPITALS WHERE BAYLOR FACULTY ALSO PROVIDES PATIENT CARE.
    Expenses $2,643,160,675 · grants $117,785,951 · revenue $1,961,939,316
  • RESEARCH - BCM RESEARCHERS AND PHYSICIANS ARE STUDYING A VARIETY OF MEDICAL TOPICS, INCLUDING CANCER CELL FUNCTION, FERTILITY, CHILD NUTRITION, INFLUENZA, HEART AND NEUROLOGICAL DISORDERS, AND OTHER BASIC AND CLINICAL RESEARCH. PROGRAM SERVICE ACTIVITY RESEARCH EXPENDITURES REPORTED HERE IN PART III ARE FUNDED BY RESEARCH REVENUE WHICH EXCLUDES $594 MILLION OF GOVERNMENT GRANT REVENUE PRESENTED SEPARATELY FROM PROGRAM SERVICE REVENUE IN PART VIII.
    Expenses $61,251,888 · grants $13,234,203 · revenue $45,465,449
  • INSTRUCTION - BCM VALUES ACADEMIC PURSUITS AND WE COMMIT OUR EFFORTS TO THE SCHOLARLY PURSUIT OF KNOWLEDGE FOR OUR TRAINEES, OUR PATIENTS, AND OUR COMMUNITY. AS A MEDICAL SCHOOL, BCM'S PRIMARY GOAL IS TO EDUCATE MEDICAL SCHOOL STUDENTS AND TRAIN MEDICAL SCHOOL GRADUATES. BCM ALSO PLACES EMPHASIS ON THE EDUCATION OF MEDICAL RESEARCH AND ALLIED HEALTH PERSONNEL.
    Expenses $33,533,587 · grants $8,186,463 · revenue $24,890,981

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
74-1613878
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1969
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B500)
Assets (IRS master file)
$3,113,646,721
Income (IRS master file)
$3,306,675,860

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,979,794,649$2,978,703,069$3,113,646,721IRS
990-TJune 2025–––IRS
990June 2024$2,756,402,389$2,764,396,268$3,073,454,864IRS
990-TJune 2024–––IRS
990June 2023$2,554,771,609$2,571,178,222$2,886,238,950XML
990-TJune 2023–––IRS
990June 2022$2,510,669,242$2,373,682,050$2,864,921,260IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1613878).

Questions about BAYLOR COLLEGE OF MEDICINE

What is the EIN of BAYLOR COLLEGE OF MEDICINE?
The employer identification number (EIN) of BAYLOR COLLEGE OF MEDICINE is 74-1613878.
Is BAYLOR COLLEGE OF MEDICINE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
Are donations to BAYLOR COLLEGE OF MEDICINE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BAYLOR COLLEGE OF MEDICINE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BAYLOR COLLEGE OF MEDICINE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BAYLOR COLLEGE OF MEDICINE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of BAYLOR COLLEGE OF MEDICINE?
The 990 for the year ended June 30, 2025 names PAUL E KLOTMAN MD.
Who are the officers and directors of BAYLOR COLLEGE OF MEDICINE?
The 990 for the year ended June 30, 2025 lists 76 people; 27 received compensation from the organization, the highest $4,028,822 (PAUL E KLOTMAN MD, PRESIDENT/CEO, EXECUTIVE DEAN).
How much revenue does BAYLOR COLLEGE OF MEDICINE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,979,794,649, expenses of $2,978,703,069 and total assets of $3,113,646,721 at year end.

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