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Nonprofiteer
← WEBSTER UNIVERSITY

Form 990 for tax year 2023

Filed by WEBSTER UNIVERSITY.

Totals

Total revenue
$170,755,309
Total expenses
$184,043,223
Contributions and grants received
$4,264,829
Grants paid
$40,233,981
Program service revenue
$146,050,146
Investment income
$17,880,432
Other revenue
$2,559,902
Total assets, end of year
$303,107,028
Total liabilities, end of year
$128,207,562
Net assets or fund balances, end of year
$174,899,466
Program services expenses (Part IX)
$152,730,953
Management and general expenses
$29,354,688
Fundraising expenses
$1,957,582
Program service expenses (Part III)
$152,730,953

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ELIZABETH STROBLE

    CHANCELLOR

    Total calculated
    $1,067,588
    From this org
    $729,100
    From related orgs
    $0
    Other
    $338,488
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $673,465
    Bonus
    $40,803
    Other
    $14,832
    Deferred
    $245,489
    Nontaxable benefits
    $92,999
    Filer's total
    $1,067,588

  • JEANELLE WILEY

    PART YEAR ASST CHANCELLOR, SECRETARY

    Total calculated
    $135,246
    From this org
    $107,565
    From related orgs
    $0
    Other
    $27,681
    Hours/week
    38

  • JOVITA FOSTER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JULIAN SCHUSTER

    PRESIDENT

    Total calculated
    $887,315
    From this org
    $610,929
    From related orgs
    $0
    Other
    $276,386
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $543,555
    Bonus
    $31,363
    Other
    $36,011
    Deferred
    $245,314
    Nontaxable benefits
    $31,072
    Filer's total
    $887,315

  • RICHARD MEYER

    PART YEAR CFO AND TREASURER

    Total calculated
    $165,870
    From this org
    $160,361
    From related orgs
    $0
    Other
    $5,509
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $154,152
    Bonus
    $0
    Other
    $6,209
    Deferred
    $4,630
    Nontaxable benefits
    $879
    Filer's total
    $165,870

  • SUMIT VERMA

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • SUSAN BURNS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM DONOVAN

    CFO AND TREASURER

    Total calculated
    $0
    Hours/week
    38

  • ALICIA ELSNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDY GEISSE

    PART-YEAR TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ATUL SHARMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES STUCKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID P WEISS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM FOGARTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GUS HATTRICH

    PART-YEAR TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER OZIMKIEWICZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN NICKEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN O'NEILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN M JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LISA MELANDRI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARVIN ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL J GIRSCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIKE CLAIBORNE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LISA BLAZER

    VP OF ENROLLMENT MANAGEMENT

    Total calculated
    $240,418
    From this org
    $221,612
    From related orgs
    $0
    Other
    $18,806
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $218,436
    Bonus
    $0
    Other
    $3,176
    Deferred
    $7,437
    Nontaxable benefits
    $11,369
    Filer's total
    $240,418

  • NANCY HELLERUD

    VICE PRESIDENT OF ACADEMIC AFFAIRS

    Total calculated
    $232,239
    From this org
    $215,377
    From related orgs
    $0
    Other
    $16,862
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $210,722
    Bonus
    $0
    Other
    $4,655
    Deferred
    $5,572
    Nontaxable benefits
    $11,290
    Filer's total
    $232,239

  • ERIC ROTHENBUHLER

    DEAN COMMUNICATIONS

    Total calculated
    $210,685
    From this org
    $184,721
    From related orgs
    $0
    Other
    $25,964
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $183,197
    Bonus
    $0
    Other
    $1,524
    Deferred
    $5,718
    Nontaxable benefits
    $20,246
    Filer's total
    $210,685

  • GREG MALONE

    GLOBAL CHIEF INFO OFFICER

    Total calculated
    $232,721
    From this org
    $209,854
    From related orgs
    $0
    Other
    $22,867
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $166,411
    Bonus
    $11,500
    Other
    $31,943
    Deferred
    $5,170
    Nontaxable benefits
    $17,697
    Filer's total
    $232,721

  • JILL STULCE

    ASSOCIATE PROFESSOR

    Total calculated
    $203,345
    From this org
    $187,739
    From related orgs
    $0
    Other
    $15,606
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $172,403
    Bonus
    $0
    Other
    $15,336
    Deferred
    $5,161
    Nontaxable benefits
    $10,445
    Filer's total
    $203,345

  • PAUL STEGER

    DEAN SCHOOL FINE ARTS

    Total calculated
    $214,999
    From this org
    $182,780
    From related orgs
    $0
    Other
    $32,219
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $182,264
    Bonus
    $0
    Other
    $516
    Deferred
    $5,711
    Nontaxable benefits
    $26,508
    Filer's total
    $214,999

  • SIMONE CUMMINGS

    DEAN SCHOOL BUSINESS/TECH

    Total calculated
    $212,446
    From this org
    $195,966
    From related orgs
    $0
    Other
    $16,480
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $195,450
    Bonus
    $0
    Other
    $516
    Deferred
    $5,958
    Nontaxable benefits
    $10,522
    Filer's total
    $212,446

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
IN RECOGNITION OF THE UNIQUE ROLE OF THE CHANCELLOR AND PRESIDENT IN REPRESENTING THE UNIVERSITY, WEBSTER UNIVERSITY'S POLICY PROVIDES EACH A SUITABLE RESIDENCE FOR CARRYING OUT REQUIRED OFFICIAL DUTIES. THESE DUTIES INCLUDE, BUT ARE NOT LIMITED TO, EXTENDING OFFICIAL HOSPITALITY FOR EVENTS FOR COMMUNITY MEMBERS, LOCAL, NATIONAL, AND INTERNATIONAL DIGNITARIES, TRUSTEES, FACULTY, STAFF, STUDENTS, ALUMNI, DONORS AND OTHER CONSTITUENTS TO BE CONDUCTED AT SAID RESIDENCES DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2023. THE CHANCELLOR AND PRESIDENT RESIDE IN UNIVERSITY-PROVIDED RESIDENCES. THIS BENEFIT IS NOT INCLUDED IN THEIR TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
THE CHANCELLOR AND THE PRESIDENT WERE PROVIDED WITH SOCIAL CLUB DUES. THE SOCIAL CLUB MEMBERSHIPS ARE USED FOR BUSINESS PURPOSES AND CONSIDERED NON-TAXABLE BENEFITS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
DR. STROBLE AND DR. SCHUSTER PARTICIPATE IN A SUPPLEMENTAL RETIREMENT PLAN THAT IS A NONQUALIFIED DEFERRED COMPENSATION PLAN. NO PAYMENTS WERE MADE TO THEM DURING THE YEAR.
Schedule J, Part I, Line 7 Non-fixed payments
NON-FIXED PAYMENTS WERE AWARDED FOR AT-RISK COMPENSATION TO ELIZABETH STROBLE AND JULIAN SCHUSTER DURING THE CALENDAR YEAR 2023 IN ACCORDANCE WITH LANGUAGE INCLUDED IN THEIR CONTRACTS. THE AMOUNT OF AT-RISK COMPENSATION AWARDED IS DETERMINED BASED ON THE CRITERIA SET FORTH IN THEIR CONTRACTS.
Schedule J, Part II CHANCELLOR'S VOLUNTARY RETIREMENT
Webster University and Dr. Stroble entered into an agreement on April 9, 2024. The agreement states that the University shall not contribute to the nonqualified deferred compensation plan (the "457(f) Plan") on behalf of Dr. Stroble with respect to the 2024 or 2025 fiscal years. Any prior contributions to the 457(f) Plan made on behalf of Dr. Stroble shall be governed by the 457(f) Plan, and Dr. Stroble acknowledges and understands that, upon the Retirement Date of June 30, 2024, Dr. Stroble shall forfeit all prior contributions to the 457(f) Plan made on behalf of Dr. Stroble as a result of Dr. Stroble's decision to voluntarily resign from employment at the University made prior to May 31, 2024. Webster University subsequently received the amount of $631,033 back on August 19, 2024, from its prior contributions to the 457(f) Plan made on behalf of Dr. Stroble. In the same agreement the University also agreed to pay Dr. Stroble a total of $600,000, less all applicable withholdings, in two separate installments as severance pay to Dr. Stroble: (1) the first installment will be $300,000, less all applicable withholdings, to be paid on or before September 30, 2024, and (2) the second and final installment will be $300,000, less all applicable withholdings, to be paid on or between January 1, 2025 and March 15, 2025. Webster University subsequently paid Dr. Stroble the first installment of $300,000 on September 30, 2024.

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

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.

  • WEBSTER UNIVERSITY TONG TU ENTERPRISE MGMT CONS

    EDUCATIONAL · CH · controlled entity

    Directly controlled by WEBSTER UNIV

  • WEBSTER UNIVERSITY VIENNA

    EDUCATIONAL · AU · controlled entity

    Directly controlled by WEBSTER UNIV

  • WEBSTER UNIVERSITY-GHANA

    EDUCATIONAL · GH · controlled entity

    Directly controlled by WEBSTER UNIV

  • FONDATION WEBSTER (WEBSTER UNIV-GENEVA)

    EDUCATIONAL · SZ · controlled entity

    Directly controlled by WEBSTER UNIV

  • WEBSTER UNIV IN LEIDEN (THE NETHERLANDS)

    EDUCATIONAL · NL · controlled entity

    Directly controlled by WEBSTER UNIV

  • WEBSTER ATHENS COLLEGE

    EDUCATIONAL · GR · controlled entity

    Directly controlled by WEBSTER UNIV

  • BRANCH OF WEBSTER UNIV IN IN GEORGIA

    EDUCATIONAL · GG · controlled entity

    Directly controlled by WEBSTER UNIV

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202541049349302139

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