CASPER consists of six independent research groups in both theoretical and experimental physics. The Astrophysics and Space Science Theory Group (ASSTG), the Early Universe Cosmology and Strings Group (EUCOS) and the Gravity, Cosmology and Astroparticle Physics Group (GCAP) all pursue theoretical research while CASPER's experimental groups operate the Hypervelocity Impacts and Dusty Plasmas Lab (HIDPL), the Space Science Lab (SSL) and the Paul and Jane Meyer Observatory. Both the HIDPL and the SSL experimental research facilities are built around a partnership between Baylor University and Texas State Technical College-Waco (TSTC) that exists through signed Memorandum of Understanding between the Presidents of the two institutions. The Paul and Jane Meyer Observatory is utilized by CASPER faculty and students through signed Memorandum of Understanding between CASPER and the Central Texas Astronomical Society (CAS).