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Nonprofiteer
← WEBBER INTERNATIONAL UNIVERSITY INC

Form 990 for tax year 2024

Filed by WEBBER INTERNATIONAL UNIVERSITY INC.

Totals

Total revenue
$30,642,681
Total expenses
$46,162,643
Contributions and grants received
$615,549
Grants paid
$12,317,325
Program service revenue
$29,476,814
Investment income
$216,540
Other revenue
$333,778
Total assets, end of year
$19,664,945
Total liabilities, end of year
$23,243,606
Net assets or fund balances, end of year
-$3,578,661
Program services expenses (Part IX)
$30,113,458
Management and general expenses
$15,929,892
Fundraising expenses
$119,293
Program service expenses (Part III)
$30,113,458

Program services were 65.2% 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

    $615,549

  • 1g · Noncash contributions included above

    $144,850

  • 2a · Program service revenue: TUITION

    total $23,457,433 · related or exempt $23,457,433

  • 2b · Program service revenue: RESIDENCE HALLS

    total $3,080,192 · related or exempt $3,080,192

  • 2c · Program service revenue: FOOD SERVICE

    total $2,247,043 · related or exempt $2,247,043

  • 2d · Program service revenue: STUDENT SERVICES

    total $364,091 · related or exempt $364,091

  • 2e · Program service revenue: SUMMER PROGRAMS

    total $328,055 · related or exempt $328,055

  • 3 · Investment income

    total $147,467 · excluded $147,467

  • 7a · Gross sales of assets other than inventory

    securities $1,453,247

  • 7b · Less cost or other basis and sales expenses

    securities $1,384,174

  • 7c · Gain or loss

    securities $69,073

  • 7d · Net gain or loss

    total $69,073 · excluded $69,073

  • 8a · Fundraising events: gross income

    $22,295

  • 8b · Fundraising events: direct expenses

    $19,555

  • 8c · Net income from fundraising events

    total $2,740 · excluded $2,740

  • 11a · Other revenue: INSURANCE REIMBURSEMENT

    total $301,290 · related or exempt $301,290

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $29,748 · related or exempt $29,748

  • 11e · Other revenue, total

    $331,038

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $12,317,325 · program services $12,317,325

  • 7 · Other salaries and wages

    total $7,183,702 · program services $6,356,817 · management and general $740,891 · fundraising $85,994

  • 8 · Pension plan contributions

    total $201,685 · program services $159,051 · management and general $38,480 · fundraising $4,154

  • 9 · Other employee benefits

    total $1,386,750 · program services $1,266,034 · management and general $110,236 · fundraising $10,480

  • 10 · Payroll taxes

    total $525,724 · program services $467,577 · management and general $51,886 · fundraising $6,261

  • 11b · Fees: legal

    total $684,018 · management and general $684,018

  • 11c · Fees: accounting

    total $69,308 · management and general $69,308

  • 11f · Fees: investment management

    total $38,339 · management and general $38,339

  • 11g · Fees: other

    total $3,712,947 · program services $3,602,813 · management and general $110,134

  • 12 · Advertising and promotion

    total $380,667 · program services $377,055 · fundraising $3,612

  • 13 · Office expenses

    total $685,702 · program services $673,628 · management and general $11,441 · fundraising $633

  • 16 · Occupancy

    total $2,131,630 · program services $2,119,152 · management and general $12,478

  • 17 · Travel

    total $76,004 · program services $62,457 · management and general $13,317 · fundraising $230

  • 19 · Conferences, conventions and meetings

    total $4,128 · program services $4,128

  • 20 · Interest

    total $408,665 · management and general $408,665

  • 21 · Payments to affiliates

    total $949,478 · management and general $949,478

  • 23 · Insurance

    total $1,801,313 · program services $659,728 · management and general $1,141,585

  • 24a · Other expenses: BAD DEBT

    total $10,947,947 · management and general $10,947,947

  • 24b · Other expenses: ATHLETICS

    total $1,270,842 · program services $1,270,842

  • 24c · Other expenses: SUBSCRIPTION & MEMBERSH

    total $702,971 · program services $534,495 · management and general $162,075 · fundraising $6,401

  • 24d · Other expenses: OTHER EXPENSE

    total $683,498 · program services $242,356 · management and general $439,614 · fundraising $1,528

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,445 · end of year -$29,311

  • 2 · Savings and temporary cash investments

    beginning of year $334,124 · end of year $15,045

  • 3 · Pledges and grants receivable

    beginning of year $75,000 · end of year $75,000

  • 4 · Accounts receivable

    beginning of year $1,633,153 · end of year $1,262,303

  • 7 · Other notes and loans receivable

    beginning of year $7,164,244

  • 8 · Inventories for sale or use

    beginning of year $90,843 · end of year $138,555

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,088 · end of year $110,160

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

    $23,209,844

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

    $12,960,650

  • 10c · Land, buildings and equipment, net

    beginning of year $10,752,410 · end of year $10,249,194

  • 11 · Investments: publicly traded securities

    beginning of year $6,105,300 · end of year $745,555

  • 14 · Intangible assets

    beginning of year $54,539 · end of year $47,576

  • 15 · Other assets

    beginning of year $7,408,679 · end of year $7,050,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,406,300 · end of year $6,978,990

  • 19 · Deferred revenue

    beginning of year $490,722 · end of year $2,148,144

  • 22 · Loans and payables to officers and key people

    beginning of year $370,000 · end of year $895,000

  • 23 · Secured mortgages and notes payable

    end of year $3,697,996

  • 24 · Unsecured notes and loans payable

    beginning of year $8,949,695 · end of year $2,303,346

  • 25 · Other liabilities

    beginning of year $7,536,230 · end of year $7,220,130

  • 27 · Net assets without donor restrictions

    beginning of year $10,675,105 · end of year -$4,529,051

  • 28 · Net assets with donor restrictions

    beginning of year $1,193,773 · end of year $950,390

Mission and programs · 2024

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, HEALTH PROFESSIONS, AND EDUCATION. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE PROGRAM, WEBBER OFFERS AN ADULT EDUCATION PROGRAM, A MASTER IN EDUCATION PROGRAM, AND A MASTER OF BUSINESS ADMINISTRATION DEGREE PROGRAM WITH AN 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 COMMISSION ON COLLEGES (SACSCOC) AND IS A MEMBER OF THE NATIONAL ASSOCIATION OF INTERCOLLEGIATE ATHLETICS (NAIA) AND THE FLORIDA SUN CONFERENCE.

    Expenses $30,113,458 · Grants $12,317,325 · Revenue $29,807,852

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Joe Strickler

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mr Joseph F Miranda

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mr Emil Jahna

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mr Tip Fowler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Bill Rinker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Rex R Yentes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Nelson Marquez

    PRESIDENT/CEO

    Total calculated
    $270,972
    From this org
    $248,883
    From related orgs
    $0
    Other
    $22,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,883
    Bonus
    $0
    Other
    $0
    Deferred
    $11,609
    Nontaxable benefits
    $10,480
    Filer's total
    $270,972

  • Christina Jordon

    TREASURER/VP OF FINANCE

    Total calculated
    $142,620
    From this org
    $123,445
    From related orgs
    $0
    Other
    $19,175
    Hours/week
    40

  • Edna Ann Loftus

    CHIEF ACADEMIC OFFICER

    Total calculated
    $207,576
    From this org
    $96,852
    From related orgs
    $96,852
    Other
    $13,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,852 + $96,852 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,936 + $6,936 related
    Filer's total
    $103,788 + $103,788 related

  • Herbert K Wade

    FORMER PRESIDENT

    Total calculated
    $273,017
    From this org
    $271,326
    From related orgs
    $0
    Other
    $1,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,326
    Bonus
    $0
    Other
    $0
    Deferred
    $533
    Nontaxable benefits
    $1,158
    Filer's total
    $273,017

  • Timothy Wiseman

    PROFESSOR

    Total calculated
    $120,505
    From this org
    $104,400
    From related orgs
    $0
    Other
    $16,105
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ST ANDREWS UNIVERSITY

    SUBSIDIARY · HIGHER EDUCATION · NC · controlled entity

    Directly controlled by WEBBER INTERNATIONAL UNIVERSITY

Provenance

Return type
form_990
Tax year
2024
Filed
11 April 2026
IRS schema version
2024v5.5
Source object
202631049349301878

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