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Nonprofiteer
← WEBBER INTERNATIONAL UNIVERSITY INC

Form 990 for tax year 2022

Filed by WEBBER INTERNATIONAL UNIVERSITY INC.

Totals

Total revenue
$19,934,681
Total expenses
$21,090,566
Contributions and grants received
$650,909
Grants paid
$0
Program service revenue
$19,190,361
Investment income
$93,411
Other revenue
$0
Total assets, end of year
$32,455,547
Total liabilities, end of year
$20,682,306
Net assets or fund balances, end of year
$11,773,241
Program services expenses (Part IX)
$18,131,103
Management and general expenses
$2,837,179
Fundraising expenses
$122,284
Program service expenses (Part III)
$18,131,103

Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $650,909

  • 2a · Program service revenue: TUITION - FULL TIME STUDENTS

    total $12,636,965 · related or exempt $12,636,965

  • 2b · Program service revenue: RESIDENCE HALLS - ROOM & BOAR

    total $3,301,616 · related or exempt $3,301,616

  • 2c · Program service revenue: FOOD SERVICE

    total $2,418,565 · related or exempt $2,418,565

  • 2d · Program service revenue: STUDENT SERVICES

    total $419,396 · related or exempt $419,396

  • 2e · Program service revenue: SUMMER PROGRAMS

    total $257,297 · related or exempt $257,297

  • 2f · All other program service revenue

    total $156,522 · related or exempt $156,522

  • 3 · Investment income

    total $93,411 · excluded $93,411

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,145,188 · program services $5,852,070 · management and general $223,118 · fundraising $70,000

  • 8 · Pension plan contributions

    total $132,303 · program services $82,653 · management and general $46,162 · fundraising $3,488

  • 9 · Other employee benefits

    total $1,322,773 · program services $1,192,957 · management and general $120,328 · fundraising $9,488

  • 10 · Payroll taxes

    total $491,691 · program services $434,863 · management and general $51,570 · fundraising $5,258

  • 11b · Fees: legal

    total $184,050 · management and general $184,050

  • 11c · Fees: accounting

    total $63,100 · management and general $63,100

  • 12 · Advertising and promotion

    total $1,103,486 · program services $1,088,688 · fundraising $14,798

  • 13 · Office expenses

    total $686,625 · program services $670,574 · management and general $12,169 · fundraising $3,882

  • 16 · Occupancy

    total $1,488,615 · program services $1,443,626 · management and general $44,969 · fundraising $20

  • 17 · Travel

    total $94,866 · program services $94,817 · fundraising $49

  • 19 · Conferences, conventions and meetings

    total $10,708 · program services $9,421 · management and general $1,287

  • 20 · Interest

    total $230,456 · program services $230,456

  • 22 · Depreciation, depletion and amortization

    total $658,834 · program services $658,834

  • 23 · Insurance

    total $1,801,966 · program services $632,048 · management and general $1,169,918

  • 24a · Other expenses: CONTRACT SERVICES

    total $3,509,831 · program services $3,509,831

  • 24b · Other expenses: ATHLETICS

    total $1,134,112 · program services $1,134,112

  • 24c · Other expenses: SUBSCRIPTION & MEMBERSHIP

    total $677,061 · program services $526,182 · management and general $141,127 · fundraising $9,752

  • 24d · Other expenses: BAD DEBT

    total $562,142 · management and general $562,142

  • 24e · All other expenses

    total $792,759 · program services $569,971 · management and general $217,239 · fundraising $5,549

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,544 · end of year $3,660

  • 2 · Savings and temporary cash investments

    beginning of year $2,392,154 · end of year $543,206

  • 3 · Pledges and grants receivable

    beginning of year $344,189

  • 4 · Accounts receivable

    beginning of year $878,545 · end of year $1,327,170

  • 7 · Other notes and loans receivable

    beginning of year $3,595,038 · end of year $7,672,752

  • 8 · Inventories for sale or use

    beginning of year $91,979 · end of year $127,581

  • 9 · Prepaid expenses and deferred charges

    beginning of year $523,704

  • 10a · Land, buildings and equipment: cost or other basis

    $19,799,123

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,575,461

  • 10c · Land, buildings and equipment, net

    beginning of year $8,228,375 · end of year $8,223,662

  • 11 · Investments: publicly traded securities

    beginning of year $6,780,351 · end of year $6,769,175

  • 14 · Intangible assets

    beginning of year $81,608 · end of year $214,096

  • 15 · Other assets

    end of year $7,574,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,322,660 · end of year $4,356,008

  • 19 · Deferred revenue

    beginning of year $336,888 · end of year $386,920

  • 23 · Secured mortgages and notes payable

    beginning of year $7,060,700 · end of year $6,868,228

  • 24 · Unsecured notes and loans payable

    end of year $8,909,700

  • 25 · Other liabilities

    beginning of year $134,970 · end of year $161,450

  • 27 · Net assets without donor restrictions

    beginning of year $12,073,999 · end of year $10,754,792

  • 28 · Net assets with donor restrictions

    beginning of year $989,270 · end of year $1,018,449

Mission and programs · 2022

Mission

THE UNIVERSITY'S MISSION IS TO OFFER STUDENTS AN ARRAY OF BUSINESS, LIBERAL ARTS AND SCIENCES, AND PRE-PROFESSIONAL PROGRAMS OF STUDY THAT CREATE A LIFE TRANSFORMING EDUCATIONAL OPPORTUNITY, WHICH IS PRACTICAL IN ITS APPLICATION, GLOBAL IN ITS SCOPE, AND MULTI-DISCIPLINARY IN ITS GENERAL EDUCATION CORE. STUDENTS WILL ACQUIRE DEPTH OF KNOWLEDGE AND EXPERTISE IN THEIR CHOSEN FIELD OF STUDY, BALANCES BY BREADTH OF KNOWLEDGE ACROSS VARIOUS DISCIPLINES. SPECIAL EMPHASIS IS PLACED ON ENHANCING ORAL AND WRITTEN COMMUNICATION, AND CRITICAL THINKING SKILLS.

  • OPERATED AS A PRIVATE, NOT-FOR-PROFIT UNIVERSITY IN BABSON PARK, FLORIDA, WEBBER INTERNATIONAL UNIVERSITY AWARDS DEGREES AT THE ASSOCIATE, BACHELOR AND MASTER LEVELS WITH A FOCUS ON THE WORLDWIDE BUSINESS ENVIRONMENT AND THE DEVELOPMENT OF SKILLS IN ADMINISTRATION AND STRATEGIC PLANNING. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE PROGRAM, WEBBER OFFERS AN ADULT EDUCATION PROGRAM, AND A MASTER OF BUSINESS ADMINISTRATION DEGREE PROGRAM WITH EMPHASIS IN ACCOUNTING, CRIMINAL JUSTICE MANAGEMENT, INTERNATIONAL BUSINESS, AND SPORTS BUSINESS MANAGEMENT. SERVING OVER 650 STUDENTS FROM 48 DIFFERENT NATIONS WHO PARTICIPATE IN MORE THAN 20 INTERCOLLEGIATE SPORTS,WEBBER STUDENTS GROW NOT ONLY ACADEMICALLY, BUT ATHLETICALLY AND SOCIALLY IN A SUPPORTIVE, HIGHLY ENGAGING ENVIRONMENT. THE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISION ON COLLEGES (SACSCOC) AND IS MEMBER OF THE NATIONAL ASSOCIATION OF INTERCOLLEGIATE ATHLETICS (NAIA) AND THE FLORIDA SUN CONFERENCE.

    Expenses $18,131,103 · Revenue $19,190,361

  • OPERATED AS A PRIVATE, NOT-FOR-PROFIT UNIVERSITY IN BABSON PARK,FLORIDA,WEBBER INTERNATIONAL UNIVERSITY AWARDS DEGREES AT THE ASSOCIATE, BACHELOR AND MASTER LEVELS WITH A FOCUS ON THE WORLDWIDE BUSINESS ENVIRONMENT AND THE DEVELOPMENT OF SKILLS IN ADMINISTRATION AND STRATEGIC PLANNING. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE PROGRAM, WEBBER OFFERS AN ADULT EDUCATION PROGRAM, AND A MASTER OF BUSINESS ADMINISTRATION DEGREE PROGRAM WITH EMPHASIS IN ACCOUNTING, CRIMINAL JUSTICE MANAGEMENT, INTERNATIONAL BUSINESS, AND SPORTS BUSINESS MANAGEMENT. SERVING OVER 650 STUDENTS FROM 48 DIFFERENT NATIONS WHO PARTICIPATE IN MORE THAN 20 INTERCOLLEGIATE SPORTS, WEBBER STUDENTS GROW NOT ONLY ACADEMICALLY, BUT ATHLETICALLY AND SOCIALLY IN A SUPPORTIVE, HIGHLY ENGAGED ENVIRONMENT. THE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC) AND IS A MEMBER OF THE NATIONAL ASSOCIATION OF INTERCOLLEGIATE ATHLETICS (NAIA) AND THE FLORIDA SUN CONFERENCE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leonel Alvarado

    EXEC COMMITT

    Total calculated
    $0
    Hours/week
    2

  • Sonny Van Arnem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tip Fowler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Emil Jahna

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Fred McCoy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joseph F Miranda

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    40

  • Bill Rinker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joe Strickler

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    40

  • Melissa Wade

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rex R Yentes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christina Jordon

    TREASURER/AS

    Total calculated
    $0
    Hours/week
    40

  • Nelson J Marquez

    CEO

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202411079349300426

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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