Webster University FY2023 filing

Tax-deductible

Saint Louis, MO501(c)(3)Since 1924Colleges & UniversitiesEIN 43-0662529Revenue $126.9M in FY2023

On file with the IRSwebster.edu470 E Lockwood Ave, 63119-3141 · Saint Louis, MOTax-exempt since May 1970School — 170(b)(1)(A)(ii)

Tell your story. Claim this org

Webster University, a worldwide institution, ensures high quality learning experiences that transform students for global citizenship and individual excellence.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$3.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $19.1M a year · 12% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $212K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$141.3M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 24 voting members
Looks good: 19 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$126.9M
-15% vs prior year
Spent
$166.2M
To programs
84%
Net assets
$193.8M
By yearFY2020–FY2025
Revenue
$126.9M
FY2023▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$161.3M
FY2021$155.9M
FY2022$150.2M
FY2023$126.9M
FY2024$170.8M
FY2025$166.6M
Expenses
$166.2M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$178.4M
FY2021$171.8M
FY2022$162.6M
FY2023$166.2M
FY2024$184.0M
FY2025$183.1M
Net assets
$193.8M
FY2023▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$276.5M
FY2021$278.3M
FY2022$241.9M
FY2023$193.8M
FY2024$174.9M
FY2025$157.8M

From the FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $139.1M Management & general 15% · $25.1M Fundraising 1% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

31 people listed on the 990; $3.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$804,396Pt VII · Sec A
$659,237Pt VII · Sec A
Vice Pres of Academic Affairs
$210,354Pt VII · Sec A
Dean School Business/Tech
$192,789Pt VII · Sec A
VP of Enrollment Management
$190,442Pt VII · Sec A
Dean Communications
$180,054Pt VII · Sec A
Dean School Fine Arts
$177,717Pt VII · Sec A
Associate Professor
$174,522Pt VII · Sec A

Elizabeth Stroble’s $700K as Chancellor - End 06/30/2024 is at the 60th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stroble Elizabeth———$817,194$785,882—
Elizabeth Stroble$700,162$729,100$804,396——$677,010
Schuster Julian———$704,273$638,181—
Julian Schuster$557,652$610,929$659,237——$535,280
Timothy Keane$239,391—————
Nancy Hellerud$230,464$215,377$210,354——$198,800
Lisa Blazer$226,765$221,612$190,442———
Polgar Zsuzsanna————$218,929—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Webster University executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides high-quality global education through a worldwide network of campuses and online programs to prepare students for global citizenship and individual excellence.

Questions for Webster University

Tap to ask. Webster University sees how many people are interested.

Your first name shows with your question. Webster University answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $139.1M · in their own filed words · FY2022
01

See schedule o

$139.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$212K
Grants paid · 35 grants · $154.3M · 2019–2024
Unitemized GrantFY2024$46,359,052
Unitemized GrantFY2023$40,118,406
St Louis American FoundationMO · FY2023$15,200
Unitemized GrantFY2022$32,882,118
St Louis American FoundationMO · FY2022$10,000
St Louis Business Journal CorpFY2021$12,500
St Louis American FoundationMO · FY2020$10,000
See all 35 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$126.9M
Ln 12
Fees for servicesLn 2g$113.8M
Investment incomeLn 3$7.0M
Gifts and grantsLn 1h$3.7M
Money outPt IX
$166.2M
Ln 25
Programscol B$139.1M
Managementcol C$25.1M
Fundraisingcol D$2.0M
Owns and owesPt X
$193.8M
net assets · Ln 32
Cash and savingsLn 1–2$13.0M
Total assetsLn 16$335.1M
LiabilitiesLn 26$141.3M
PeoplePt VI, VII
31
listed · VII A
PaidVII A11
Voting boardVI 1a24
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Government grantsLn 1e$1.3M
Noncash giftsLn 1g$83K
Fundraising eventsLn 1c$90K
Fees for servicesLn 2g$113.8M
Investment incomeLn 3$7.0M
Other incomeLn 4–11$2.5M
Gains on assetsLn 7$2.4M
Total revenueLn 12$126.9M
Assets in detailPt X, end of year
CashLn 1$4.0M
SavingsLn 2$8.9M
Cash and savings togetherLn 1–2$13.0M
InvestmentsLn 11–13$90.9M
Land, buildings, equipmentLn 10c$158.3M
Other assetsLn 15$34.9M
Total assetsLn 16$335.1M
LiabilitiesLn 26$141.3M
Net assetsLn 32$193.8M
OperationsPt I, VI
EmployeesI 53,248
VolunteersI 6200
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$13.5M$13.0M
InvestmentsLn 11–13$130.7M$90.9M
Land, buildings, equipmentLn 10c$159.8M$158.3M
Total assetsLn 16$378.9M$335.1M
LiabilitiesLn 26$137.0M$141.3M
Net assetsLn 32$241.9M$193.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Grants to domestic individualsLn 2$32.9M$32.9M
Grants and assistance to foreign recipientsLn 3$769K$769K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.1M$416K$1.6M$81K
Pay of disqualified personsLn 6$18K$18K
Other salaries and wagesLn 7$55.1M$49.5M$4.8M$879K
Pension plan contributionsLn 8$1.1M$739K$314K$10K
Other employee benefitsLn 9$8.3M$7.2M$966K$171K
Payroll taxesLn 10$3.8M$3.3M$448K$70K
Management feesLn 11a$0
Legal feesLn 11b$532K$10K$522K
Accounting feesLn 11c$215K$215K
Lobbying feesLn 11d$42K$42K
Professional fundraising feesLn 11e$125K$125K
Investment management feesLn 11f$1.2M$1.2M
Other fees for servicesLn 11g$8.5M$4.6M$3.7M$115K
Advertising and promotionLn 12$3.0M$2.7M$352K$540
Office expensesLn 13$6.9M$5.3M$1.5M$122K
Information technologyLn 14$6.5M$4.4M$1.9M$91K
RoyaltiesLn 15$0
OccupancyLn 16$9.2M$8.3M$793K$41K
TravelLn 17$1.4M$1.1M$239K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$771K$659K$112K
InterestLn 20$4.0M$2.9M$1.0M$60K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11.0M$7.9M$2.9M$165K
InsuranceLn 23$2.5M$195K$2.3M
Other expenses (24a–d)Ln 24$6.4M$6.2M$187K$30K
Total functional expensesLn 25$166.2M$139.1M$25.1M$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $166.6M$183.1M−$16.5M$157.8M 990 PDF
FY2024 $170.8M$184.0M−$13.3M$174.9M 990 PDF
FY2023 Viewing $126.9M$166.2M−$39.3M$193.8M 990 PDF
FY2022 $150.2M$162.6M−$12.5M$241.9M 990 PDF
FY2021 $155.9M$171.8M−$15.9M$278.3M 990 PDF
FY2020 $161.3M$178.4M−$17.0M$276.5M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $126,933,651 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,443,300$3,687,201
I-9 Program service revenuePrior year $113,598,024$113,753,963
I-10 Investment incomePrior year $18,296,390$7,036,786
I-11 Other revenuePrior year $1,820,462$2,455,701
I-12 Total revenuePrior year $150,158,176$126,933,651
I-13 Grants and similar amounts paidPrior year $38,114,309$33,676,418
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $70,051,781$70,472,138
I-16a Professional fundraising feesPrior year $164,589$124,616
I-17 Other expensesPrior year $54,309,405$61,976,737
I-18 Total expensesPrior year $162,640,084$166,249,909
I-19 Revenue less expensesPrior year −$12,481,908−$39,316,258
Part VI · Governance 19 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $126,933,651 across 13 lines filed
VIII-1c Fundraising events$89,946
VIII-1e Government grants$1,280,089
VIII-1f All other contributions, gifts and grants$2,317,166
VIII-1g Noncash contributions (included above)$83,199
VIII-1h Total contributions, gifts and grants$3,687,201
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $113,753,963$113,753,963
VIII-3 Investment incomeExcluded from tax $4,600,086$4,600,086
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,421,648$1,421,648
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,436,700$2,436,700
VIII-8 Net income from fundraising eventsExcluded from tax −$37,295−$37,295
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $185,407 · Excluded from tax $885,941$1,071,348
VIII-12 Total revenueRelated to mission $113,939,370 · Unrelated business $0 · Excluded from tax $9,307,080$126,933,651
Part IX · Statement of functional expenses $166,249,909 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $25,535$25,535
IX-2 Grants to domestic individualsPrograms $32,882,118$32,882,118
IX-3 Grants and assistance to foreign recipientsPrograms $768,765$768,765
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $415,684 · Management $1,621,360 · Fundraising $81,216$2,118,260
IX-6 Pay of disqualified personsPrograms $18,000$18,000
IX-7 Other salaries and wagesPrograms $49,485,585 · Management $4,781,422 · Fundraising $878,794$55,145,801
IX-8 Pension plan contributionsPrograms $739,415 · Management $313,875 · Fundraising $10,339$1,063,629
IX-9 Other employee benefitsPrograms $7,155,615 · Management $965,830 · Fundraising $170,503$8,291,948
IX-10 Payroll taxesPrograms $3,316,977 · Management $447,802 · Fundraising $69,721$3,834,500
IX-11a Management fees$0
IX-11b Legal feesPrograms $10,046 · Management $522,034$532,080
IX-11c Accounting feesManagement $215,341$215,341
IX-11d Lobbying feesManagement $42,343$42,343
IX-11e Professional fundraising feesFundraising $124,616$124,616
IX-11f Investment management feesManagement $1,211,406$1,211,406
IX-11g Other fees for servicesPrograms $4,621,786 · Management $3,719,603 · Fundraising $114,841$8,456,230
IX-12 Advertising and promotionPrograms $2,663,777 · Management $352,084 · Fundraising $540$3,016,401
IX-13 Office expensesPrograms $5,273,616 · Management $1,470,723 · Fundraising $121,644$6,865,983
IX-14 Information technologyPrograms $4,421,256 · Management $1,941,021 · Fundraising $91,127$6,453,404
IX-15 Royalties$0
IX-16 OccupancyPrograms $8,335,521 · Management $793,225 · Fundraising $41,146$9,169,892
IX-17 TravelPrograms $1,122,773 · Management $239,343 · Fundraising $2,979$1,365,095
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $658,759 · Management $112,022$770,781
IX-20 InterestPrograms $2,915,378 · Management $1,028,357 · Fundraising $59,530$4,003,265
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $7,928,860 · Management $2,856,179 · Fundraising $165,322$10,950,361
IX-23 InsurancePrograms $194,767 · Management $2,317,449$2,512,216
IX-24 Other expenses (24a–d)Programs $6,195,724 · Management $186,687 · Fundraising $29,528$6,411,939
IX-25 Total functional expensesPrograms $139,149,957 · Management $25,138,106 · Fundraising $1,961,846$166,249,909
Part X · Balance sheet $335,061,582 assets, 24 lines filed
Asset lines not itemized here account for $13,822,746; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,138,564$4,048,924
X-2 Savings and temporary cash investmentsStart of year $9,380,461$8,945,521
X-3 Pledges and grants receivableStart of year $2,926,144$2,891,424
X-4 Accounts receivableStart of year $17,214,527$18,489,941
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,633,156$2,758,074
X-10c Land, buildings and equipment, netStart of year $159,751,881$158,276,650
X-11 Publicly traded securitiesStart of year $105,669,012$70,138,236
X-12 Other securitiesStart of year $25,017,186$20,804,577
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $37,614,612$34,885,489
X-16 Total assetsStart of year $378,855,979$335,061,582
X-17 Accounts payable and accrued expensesStart of year $11,123,492$12,333,394
X-18 Grants payableStart of year $1,110,034$354,204
X-19 Deferred revenueStart of year $9,386,312$12,676,684
X-20 Tax-exempt bond liabilitiesStart of year $64,674,731$59,855,177
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $12,608,947$8,493,314
X-26 Total liabilitiesStart of year $136,992,930$141,269,712
X-27 Net assets without donor restrictionsStart of year $186,222,136$140,024,806
X-28 Net assets with donor restrictionsStart of year $55,640,913$53,767,064
X-32 Total net assets or fund balancesStart of year $241,863,049$193,791,870
X-33 Total liabilities and net assetsStart of year $378,855,979$335,061,582
Part XI · Reconciliation of net assets $193,791,870 net assets at year end
XI-1 Total revenue$126,933,651
XI-2 Total expenses$166,249,909
XI-3 Revenue less expenses−$39,316,258
XI-4 Net assets at start of year$241,863,049
XI-5 Net unrealized gains (losses) on investments−$3,937,106
XI-9 Other changes in net assets−$4,817,815
XI-10 Net assets at end of year$193,791,870

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.