Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $89,946

• 1e · Government grants (contributions)

  $1,280,089

• 1f · All other contributions, gifts and grants

  $2,317,166

• 1g · Noncash contributions included above

  $83,199

• 2a · Program service revenue: TUITION AND FEES

  total $105,638,495 · related or exempt $105,638,495

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $8,027,241 · related or exempt $8,027,241

• 2c · Program service revenue: ANCILLARY OPERATIONS

  total $88,227 · related or exempt $88,227

• 3 · Investment income

  total $4,600,086 · excluded $4,600,086

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $2,515,636

• 6b · Less rental expenses

  real property $1,093,988

• 6c · Rental income or loss

  real property $1,421,648 · personal property $0

• 6d · Net rental income or loss

  total $1,421,648 · related or exempt $0 · unrelated business $0 · excluded $1,421,648

• 7a · Gross sales of assets other than inventory

  securities $155,024,038 · other assets $1,463,965

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

  securities $151,359,481 · other assets $2,691,822

• 7c · Gain or loss

  securities $3,664,557 · other assets -$1,227,857

• 7d · Net gain or loss

  total $2,436,700 · excluded $2,436,700

• 8a · Fundraising events: gross income

  $11,020

• 8a · Fundraising events: contributions included on line 1c

  $89,946

• 8b · Fundraising events: direct expenses

  $48,315

• 8c · Net income from fundraising events

  total -$37,295 · excluded -$37,295

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: SUBLEASE RENTAL INCOME

  total $327,906 · excluded $327,906

• 11b · Other revenue: ATHLETIC CAMPS

  total $185,407 · related or exempt $185,407

• 11c · Other revenue: INTERCOMPANY CHARGES

  total $558,035 · excluded $558,035

• 11e · Other revenue, total

  $1,071,348

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $25,535 · program services $25,535

• 2 · Grants to domestic individuals

  total $32,882,118 · program services $32,882,118

• 3 · Grants to foreign organizations and individuals

  total $768,765 · program services $768,765

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $2,118,260 · program services $415,684 · management and general $1,621,360 · fundraising $81,216

• 6 · Compensation of disqualified persons

  total $18,000 · program services $18,000

• 7 · Other salaries and wages

  total $55,145,801 · program services $49,485,585 · management and general $4,781,422 · fundraising $878,794

• 8 · Pension plan contributions

  total $1,063,629 · program services $739,415 · management and general $313,875 · fundraising $10,339

• 9 · Other employee benefits

  total $8,291,948 · program services $7,155,615 · management and general $965,830 · fundraising $170,503

• 10 · Payroll taxes

  total $3,834,500 · program services $3,316,977 · management and general $447,802 · fundraising $69,721

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $532,080 · program services $10,046 · management and general $522,034

• 11c · Fees: accounting

  total $215,341 · management and general $215,341

• 11d · Fees: lobbying

  total $42,343 · management and general $42,343

• 11e · Fees: professional fundraising services

  total $124,616 · fundraising $124,616

• 11f · Fees: investment management

  total $1,211,406 · management and general $1,211,406

• 11g · Fees: other

  total $8,456,230 · program services $4,621,786 · management and general $3,719,603 · fundraising $114,841

• 12 · Advertising and promotion

  total $3,016,401 · program services $2,663,777 · management and general $352,084 · fundraising $540

• 13 · Office expenses

  total $6,865,983 · program services $5,273,616 · management and general $1,470,723 · fundraising $121,644

• 14 · Information technology

  total $6,453,404 · program services $4,421,256 · management and general $1,941,021 · fundraising $91,127

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $9,169,892 · program services $8,335,521 · management and general $793,225 · fundraising $41,146

• 17 · Travel

  total $1,365,095 · program services $1,122,773 · management and general $239,343 · fundraising $2,979

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $770,781 · program services $658,759 · management and general $112,022

• 20 · Interest

  total $4,003,265 · program services $2,915,378 · management and general $1,028,357 · fundraising $59,530

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $10,950,361 · program services $7,928,860 · management and general $2,856,179 · fundraising $165,322

• 23 · Insurance

  total $2,512,216 · program services $194,767 · management and general $2,317,449

• 24a · Other expenses: BAD DEBTS

  total $1,271,607 · program services $1,271,607

• 24b · Other expenses: OTHER

  total $5,140,332 · program services $4,924,117 · management and general $186,687 · fundraising $29,528

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,138,564 · end of year $4,048,924

• 2 · Savings and temporary cash investments

  beginning of year $9,380,461 · end of year $8,945,521

• 3 · Pledges and grants receivable

  beginning of year $2,926,144 · end of year $2,891,424

• 4 · Accounts receivable

  beginning of year $17,214,527 · end of year $18,489,941

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $14,510,436 · end of year $13,822,746

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,633,156 · end of year $2,758,074

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

  $382,179,362

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

  $223,902,712

• 10c · Land, buildings and equipment, net

  beginning of year $159,751,881 · end of year $158,276,650

• 11 · Investments: publicly traded securities

  beginning of year $105,669,012 · end of year $70,138,236

• 12 · Investments: other securities

  beginning of year $25,017,186 · end of year $20,804,577

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $37,614,612 · end of year $34,885,489

• 17 · Accounts payable and accrued expenses

  beginning of year $11,123,492 · end of year $12,333,394

• 18 · Grants payable

  beginning of year $1,110,034 · end of year $354,204

• 19 · Deferred revenue

  beginning of year $9,386,312 · end of year $12,676,684

• 20 · Tax-exempt bond liabilities

  beginning of year $64,674,731 · end of year $59,855,177

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $38,089,414 · end of year $47,556,939

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $12,608,947 · end of year $8,493,314

• 27 · Net assets without donor restrictions

  beginning of year $186,222,136 · end of year $140,024,806

• 28 · Net assets with donor restrictions

  beginning of year $55,640,913 · end of year $53,767,064

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

CHANCELLOR AND PRESIDENT HOUSING ALLOWANCE AND SOCIAL CLUB DUES 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, 2022. THE CHANCELLOR AND PRESIDENT RESIDE IN UNIVERSITY-PROVIDED RESIDENCES. 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 7

NON-FIXED PAYMENTS WERE AWARDED FOR AT-RISK COMPENSATION TO ELIZABETH STROBLE AND JULIAN SCHUSTER DURING THE CALENDAR YEAR 2022 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 I, LINE 4B

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 II

Of the sum appearing in Schedule J, Part II, Field 1(C), $104,256 has been forfeited by, and will not be paid to, Chancellor Elizabeth Stroble as a result of Chancellor Stroble's voluntary retirement, effective on June 30, 2024. Furthermore, the current total value of the deferred compensation that Chancellor Stroble has forfeited as a result of her decision to retire early is approximately $629,000.

Disregarded entities

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

• OLD ORCHARD SHOPPING CENTER LLC

  RENTAL · MO · income -$116,092 · assets $3,580,424

  Directly controlled by WEBSTER UNIV