2024-04-13T13:58:18-05:00 2023-05-31 FORVIS LLP 211 N BROADWAY SUITE 600 ST LOUIS MO 631022733 990 2022-06-01 430662529 WEBSTER UNIVERSITY % BARBARA THOELE WEBS 3149686900 470 EAST LOCKWOOD AVENUE ST LOUIS MO 631193194 RICHARD MEYER PRESIDENT 3148627427 2024-04-15 true JULIAN SCHUSTER 999009999 Kristen M Hankins P01256574 3142315544 3 2022 2023-04-26 12:10:37Z DR ELIZABETH STROBLE 470 EAST LOCKWOOD AVENUE ST LOUIS MO 631193194 282127257 false X WWW.WEBSTER.EDU X 1924 MO WEBSTER UNIVERSITY, A WORLDWIDE INSTITUTION, ENSURES HIGH QUALITY LEARNING EXPERIENCES THAT TRANSFORM STUDENTS FOR GLOBAL CITIZENSHIP AND INDIVIDUAL EXCELLENCE. 24 19 2469 200 0 0 16443300 3687201 113598024 113753963 18296390 7036786 1820462 2455701 150158176 126933651 38114309 33676418 0 0 70051781 70472138 164589 124616 1961846 54309405 61976737 162640084 166249909 -12481908 -39316258 378855979 335061582 136992930 141269712 241863049 193791870 X FOUNDED IN 1915, WEBSTER IS A PRIVATE NON-PROFIT AND GLOBAL UNIVERSITY 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THE ACTIVITIES INCLUDE: PROMOTING WEBSTER UNIVERSITY'S IMAGE AND RELATIONS WITH FEDERAL OFFICIALS AND GOVERNMENT AGENCIES THROUGH REGULAR COMMUNICATION AND INTERACTION; ASSISTING THE UNIVERSITY IN RECOGNIZING AND RESPONDING TO CHALLENGES RELATED TO FEDERAL LEGISLATION AND GOVERNMENT ACTIVITY; ARRANGING MEETINGS WITH GOVERNMENT AGENCIES, CONGRESSIONAL REPRESENTATIVES OR EMBASSY PERSONNEL AND PROVIDING ADVICE AND RESEARCH AS NEEDED ON EMERGING LEGISLATIVE AND REGULATORY ISSUES. 4726388 X X X false 143951186 771452 -2274843 1236719 54121422 1040284 86049370 157525839 683565 -6177388 1058238 6610930 411662 143951186 129755321 1740341 34276369 924605 6932396 389191 157525839 129166795 3872794 4443210 896687 6440454 390337 129755321 136792269 633453 -1678650 850324 5410291 319662 129166795 0.41500 0.58500 false false 14743827 14743827 268929476 144840701 124088775 7854767 4982485 2872282 72386705 63863967 8522739 18264586 10215559 8049027 158276650 ALTERNATIVE STRATEGIES 20222755 F OTHER INVESTMENTS 581822 F 20804577 INTERFUND RECEIVABLE 28297528 RIGHT OF USE ASSET 6587961 34885489 0 OTHER LIABILITIES 1527975 LEASE LIABILITIES 6965339 8493314 SCHEDULE D, PART III, LINE 4 DESCRIPTION AND USE OF THE ORGANIZATION'S COLLECTIONS TO RECOGNIZE LOCAL, NATIONAL, AND GLOBAL ARTISTIC ENDEAVORS AND TO ENRICH COMMUNITY MEMBERS, WEBSTER UNIVERSITY DISPLAYS ARTWORK OF VARIOUS FORMS THROUGHOUT ITS CAMPUSES. WEBSTER'S COLLECTION ALSO SUPPLEMENTS AND ENHANCES A RICH CURRICULUM AND MAKES THE STUDENTS AWARE OF THE VARIOUS ART SPECIALTIES. THIS COLLECTION INCLUDES PAINTINGS, SCULPTURES, AND CERAMICS ALONG WITH OTHER ART FORMS. SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS WEBSTER UNIVERSITY'S ENDOWMENT FUNDS ARE AN IMPORTANT SOURCE OF REVENUE WHICH SUPPORTS TEACHING AND PUBLIC SERVICE MISSIONS. THE UNIVERSITY HAS MANY DIFFERENT ENDOWMENT FUNDS WHICH ARE DEDICATED TO DONOR RESTRICTED PURPOSES AND THAT THE UNIVERSITY IS LEGALLY REQUIRED TO UPHOLD. THE INTENDED USE OF THE DONOR RESTRICTED ENDOWMENTS WOULD INCLUDE: - UNDERGRADUATE AND GRADUATE STUDENT FINANCIAL AID - TEACHING/SUPPORT PROFESSORSHIP - PUBLIC SERVICE PROGRAMS AND ACTIVITIES - ATHLETICS - COMMUNITY MUSIC SCHOOL SCHOLARSHIPS - BEATRICE AND DAVID KORNBLUM INSTITUTE - LIBRARY RESOURCES - LORETTO HILTON CENTER BUILDING MAINTENANCE AND EQUIPMENT - LEIGH GERDINE COLLEGE OF FINE ARTS - PRIEST CENTER BUILDING MAINTENANCE - LECTURE SERIES - HERNDON AND SMITH INSTITUTE - ORGEL FOUNTAIN MAINTENANCE - ACADEMIC AWARDS AND PRIZES IN ADDITION, THE UNIVERSITY'S BOARD DESIGNATED ENDOWMENT SPENDING CONTRIBUTES RESOURCES TOWARDS THE UNIVERSITY'S OPERATING BUDGETS, THUS HELPING TO KEEP TUITION BELOW THE LEVEL THAT WOULD BE NECESSARY IF TUITION ALONE PAID THE TRUE COST OF EDUCATING A STUDENT. SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF THE ORGANIZATION'S NON-DISCRIMINATORY POLICY: PUBLICATION OF THE ORGANIZATION'S NON-DISCRIMINATORY POLICY IS AVAILABLE ON THE WEBSTER UNIVERSITY WEB PAGE AT WWW.WEBSTER.EDU SCHEDULE E, PART I, LINE 6A FINANCIAL AID OR ASSISTANCE RECEIVED FROM A GOVERNMENTAL AGENCY WEBSTER UNIVERSITY PARTICIPATES IN THE FOLLOWING US GOVERNMENT GRANTS AND CONTRACTS: -FEDERAL PELL GRANT PROGRAM -FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS -FEDERAL WORK STUDY PROGRAM -FEDERAL PERKINS LOAN PROGRAM -FEDERAL DIRECT LOANS -CULTURALLY RESPONSIVE INSTRUCTION FOR ENGLISH LEARNERS PROJECT -NIH BRAD BIOMEDICAL/BIO BEHAVIORAL RESEARCH DEVELOPMENT -WATTS NSF WINNING APPROACHES FOR TALENTED TRANSFERS -NOYCE (ROBERT NOYCE SCHOLARSHIP PRGM - LAYING THE GROUND WORK FOR DUAL-DEGREE PATHWAYS FOR EDUCATING STEM TEACHERS BOUND FOR SUCCESS) true Europe (Including Iceland and Greenland) 4 168 Program Services EDUCATIONAL 4334011 East Asia and the Pacific 2 5 Program Services EDUCATIONAL Central America and the Caribbean Investments 20155375 Sub-Saharan Africa 1 25 Program Services EDUCATIONAL 320000 Russia and the Newly Independent States 2 50 Program Services EDUCATIONAL 4480348 East Asia and the Pacific Grantmaking EDUCATIONAL 28421 Europe (Including Iceland and Greenland) Grantmaking EDUCATIONAL 697862 Sub-Saharan Africa Grantmaking EDUCATIONAL 32241 South America Grantmaking EDUCATIONAL 10241 Central America and the Caribbean Investments 207139 9 248 9 248 30265638 30265638 SCHOLARSHIP EUROPE (INCLUDING ICELAND AND GREENLAND) 139 697862 OTHER SCHOLARSHIP East Asia and the Pacific 3 28421 OTHER SCHOLARSHIP Sub-Saharan Africa 8 32241 OTHER SCHOLARSHIP South America 1 10241 OTHER true false true true false false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES SCHOLARSHIP AND TRAVEL AWARDS AND RESTRICTIONS ARE MADE AND MONITORED BY FINANCIAL AID AND ACADEMIC AFFAIRS. THE ACCOUNTING STAFF RECORD THE TRANSACTIONS IN SEPARATE GENERAL LEDGER ACCOUNTS. SCHEDULE F, PART I, LINE 3F (3) & (10) INVESTMENTS IN CENTRAL AMERICA/CARIBBEAN CARRYING VALUE OF INVESTMENTS $ 20,155,375 INVESTMENT MANAGEMENT FEES $ 207,139 ------------------- TOTAL INVESTMENT $20,362,514 X X X X X X X true RUFFALO NOEL LEVITZ CROWDFUNDIN true 131435 79745 51690 ADVERTISERS PRINTING DIRECT MAIL false 19386 23696 -4310 KAMA INC DIRECT MAIL false 17323 21175 -3852 168144 124616 43528 AR CT FL IN MD MA MI MN MS MO NH NY NC OH SC SD TN VA WA GORLOK OPEN 47475 36455 11020 27069 BASEBALL FUNDRA 18080 18080 2712 3 35411 35411 18534 100966 89946 11020 48315 48315 -37295 true ST LOUIS AMERICAN FOUNDATION 2315 PINE STREET ST LOUIS MO 63103 431686282 501(C)(3) 10000 GENERAL SUPPORT WEBSTER GROVES CHAMBER OF COMMERCE 357 MARSHALL AVE STE 102 SAINT LOUIS MO 63119 430832059 501(C)(6) 5535 GENERAL SUPPORT URBAN LEAGUE OF METRO ST LOUIS INC 3701 GRANDEL SQUARE ST LOUIS ST LOUIS MO 63108 430653605 501(C)(3) 10000 GENERAL SUPPORT 2 1 SCHOLARSHIP/GRANTS/TUITION DISCOUNT 4948 32882118 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES- THE ADVANCEMENT UNIT SERVES AS THE COORDINATING DEPARTMENT FOR ALL TYPES OF FUNDRAISING PROGRAMS AND FOR SOLICITATION OF GIFTS. SCHOLARSHIP AWARDS/RESTRICTIONS ARE MADE AND MONITORED BY THE DEPARTMENTS OF FINANCIAL AID AND ACADEMIC AFFAIRS. THE ACCOUNTING STAFF RECORDS THE TRANSACTIONS IN SEPARATE GENERAL LEDGER ACCOUNTS. X X true true X X X X X X false true false false false false false true false ELIZABETH STROBLE CHANCELLOR 668964 0 120600 0 14832 0 121396 0 87212 0 1013004 0 JULIAN SCHUSTER PRESIDENT 538798 0 92700 0 27739 0 78816 0 40080 0 778133 0 RICHARD MEYER CFO, TREASURER 151750 0 0 0 6062 0 2276 0 874 0 160962 0 SIMONE CUMMINGS DEAN SCHOOL BUSINESS/TECH 192273 0 0 0 516 0 2929 0 10235 0 205953 0 ERIC ROTHENBUHLER DEAN COMMUNICATIONS 178530 0 0 0 1524 0 2785 0 19676 0 202515 0 PAUL STEGER DEAN SCHOOL FINE ARTS 177201 0 0 0 516 0 2807 0 25756 0 206280 0 JILL STULCE ASSOCIATE PROFESSOR 171006 0 0 0 3516 0 2457 0 10161 0 187140 0 GREG MALONE GLOBAL CHIEF INFO OFFICER 155443 0 0 0 0 0 2413 0 17196 0 175052 0 NANCY HELLERUD VICE PRES OF ACADEMIC AFFAIRS 205833 0 0 0 4521 0 2712 0 10998 0 224064 0 LISA BLAZER VP OF ENROLLMENT MANAGEMENT 187858 0 0 0 2584 0 0 0 9507 0 199949 0 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. A HEALTH AND EDUCATION FACILITIES AUTHORITY OF MO 431178966 60636ANW9 2015-10-22 26000000 FINANCE IMPROVEMENTS ON WEBSTER GR false false false B HEALTH AND EDUCATION FACILITIES AUTHORITY OF MO 431178966 60636ANW9 2017-06-27 54580790 REFUND 7/13/2011 BONDS false false false A 5375000 0 26000000 0 274536 0 338753 0 0 25386711 0 0 2017 false false true true B 15020660 0 55186763 0 0 54528647 658116 0 0 0 0 0 2012 true true true true A false false false false 0 false false false true B false false false false 0 false false false true A false false false true true false 0 false 0 false true B false false false true false false 0 false 0 false true A true B true SCHEDULE K, PART II, LINE 3, COLUMN B TOTAL PROCEEDS DIFFERS FROM THE ISSUE PRICE OF THE BONDS BECAUSE OF INVESTMENT EARNINGS ON PROCEEDS IN THE REFUNDING ESCROW. SCHEDULE K, PART IV, LINE 2C The rebate computation for the 2015 bonds was performed on October 22, 2020 and determined that no rebate was due. The rebate computation for the 2017 bonds was performed on April 1, 2022 and determined that no rebate was due. NA N/A 19000 SCHOLARSHIP EDUCATIONAL PAUL STROBLE SPOUSE OF OFFICER/TRUSTEE 15000 EMPLOYMENT-ADJUNCT PROFESSOR true EMILY STROBLE DAUGHTER OF OFFICER/TRUSTEE 48084 EMPLOYMENT AT UNIVERSITY false - - X 7 83199 FAIR MARKET VALUE 0 false true false SCHEDULE M, PART I, COLUMN B REPORTING METHOD OF EACH TYPE OF PROPERTY RECEIVED. THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 HAS BEEN REVIEWED BY THE ASSISTANT CONTROLLER, AND THE VICE PRESIDENT/CFO. THE FORM WAS MADE AVAILABLE TO BOARD MEMBERS ON THE UNIVERSITY'S INTRANET BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY THE UNIVERSITY HAS AN ETHICS/CODE OF CONDUCT POLICY LOCATED ON THE UNIVERSITY WEBSITE. EMPLOYEES SIGN THEIR ACKNOWLEDGEMENT OF THE POLICY AND THEIR ADHERENCE AT NEW EMPLOYEE ORIENTATION. MANAGERS AND SUPERVISORS ARE RESPONSIBLE FOR IMPLEMENTING AND MONITORING COMPLIANCE WITH THE POLICY. EMPLOYEES VIOLATING THE LETTER OR SPIRIT OF THE ETHICS/CODE OF CONDUCT POLICY ARE SUBJECT TO DISCIPLINARY ACTION. THE CONFLICT OF INTEREST POLICIES APPLY TO ALL TRUSTEES AND EMPLOYEES OF THE UNIVERSITY DEFINED WITHIN THE POLICY AS COVERED PERSONS. CERTAIN COVERED PERSONS ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE UNIVERSITY TO 1) CONFIRM ONE'S UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY AND 2) TO DISCLOSE ANY POSSIBLE COVERED TRANSACTION WHICH COULD BE OR COULD APPEAR TO BE A CONFLICT. THE UNIVERSITY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE OF THE CONFLICT OF INTEREST POLICY BY CONSTANT REVIEW OF A WRITTEN POLICY, WHICH CONTAINS DETAILS OF THE FOLLOWING: - A POLICY STATEMENT - DETAILS OF THE POLICY APPLICATION - DEFINITIONS OF: O CONFLICT OF INTEREST O COVERED PERSONS O RELATED PERSONS O BUSINESS PARTNERS O TRANSACTING PARTY - GUIDANCE FOR AVOIDING CONFLICTS OF INTERESTS IN REGARDS TO: O BUSINESS DECISIONS O USE OF UNIVERSITY RESOURCES AND NAME O GIFTS AND GRATUITIES O FINANCIAL INTERESTS AND RELATIONSHIPS WITH TRANSACTING PARTIES O RECEIPT OF ITEMS OF MONETARY VALUE FROM TRANSACTING PARTY - STANDARDS FOR APPROVAL OF TRANSACTIONS INVOLVING CONFLICTS OF INTEREST, NOTABLY: O ACTUAL CONFLICTS OF INTEREST O APPARENT AND POTENTIAL CONFLICTS OF INTEREST O SUBSTANTIAL AND MATERIAL BENEFIT - ADMINISTRATION OF POLICY INCLUDING: O REVIEWING REPORTS REGARDING THE CONFLICT OF INTEREST QUESTIONNAIRE O RECEIVING DISCLOSURES OF PROPOSED TRANSACTIONS INVOLVING A CONFLICT OF INTEREST O REVIEWING PROPOSED TRANSACTIONS AS COMPARED TO THE STANDARDS O MAINTAINING DOCUMENTATION O REVIEWING OPERATIONS TO MAKE CHANGES TO POLICY AS DEEMED APPROPRIATE FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION THE UNIVERSITY CONTINUES TO MEET THE REBUTTABLE PRESUMPTION REQUIREMENTS. THE UNIVERSITY MAINTAINS COMPETITIVE COMPENSATION PRACTICES DESIGNED TO ATTRACT AND RETAIN HIGH-QUALITY EXPERIENCED LEADERSHIP TALENT NEEDED TO MANAGE IN A COMPLEX GLOBAL ENVIRONMENT. EXTERNAL INDEPENDENT COMPENSATION CONSULTANTS ARE ENGAGED PERIODICALLY TO REVIEW AND ADVISE THE BOARD ON EXECUTIVE COMPENSATION. IN 2020, THE UNIVERSITY ENGAGED PEARL MEYER TO CONDUCT A COMPENSATION ASSESSMENT OF THE POSITIONS OF CHANCELLOR AND PRESIDENT, USING A COMPARATOR GROUP OF PRIVATE AND PUBLIC UNIVERSITIES OF SIMILAR COMPLEXITY AND SIZE. IN ACCORDANCE WITH THE BY-LAWS OF WEBSTER UNIVERSITY AND THE CHARTERS OF THE BOARD OF TRUSTEES EXECUTIVE AND COMPENSATION COMMITTEES, THE ELEMENTS OF COMPENSATION AND TOTAL COMPENSATION ARE RECOMMENDED BY THE BOARD COMPENSATION COMMITTEE AND APPROVED BY THE EXECUTIVE COMMITTEE. CHANGES IN COMPENSATION OF THE CHANCELLOR AND THE PRESIDENT ARE RECOMMENDED BY THE BOARD COMPENSATION COMMITTEE AND APPROVED BY THE BOARD EXECUTIVE COMMITTEE. EXECUTIVE COMMITTEE AND COMPENSATION COMMITTEE MEETING MINUTES ARE MAINTAINED. FORM 990, PART VI, SECTION B, LINE 15B PROCESS FOR DETERMINING COMPENSATION THE PROCESS FOR OTHER OFFICERS FOLLOWS THE SAME PRINCIPLES OF BENCHMARKING AS THAT FOR THE TOP MANAGEMENT OFFICIAL. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 AND FORM 990-T ARE ALSO POSTED ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 PROCESS FOR MAKING DOCUMENTS AVAILABLE TO PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FORM 990, PART III, LINE 4A Statement of program service accomplishment With its home campus in St. Louis, Missouri, USA, Webster University comprises an action-oriented global network of faculty, staff, students and alumni who forge powerful bonds with each other and with their communities around the globe. Founded in 1915, Webster is a private non-profit university with students studying at campus locations in North America, Europe, Asia and Africa and in a robust learning environment online. History & Mission The University is committed to delivering high-quality learning experiences that transform students for global citizenship and individual excellence. This mission is reinforced by adherence to the following four values: 1. Students - By sustaining a personalized approach to a global, student-centered education through small classes, close relationships with faculty and staff, and attention to student life. 2. Learning - By developing educational programs that join theory and practice, address contemporary needs of employers/society, provide an international perspective, encourage creativity and scholarship, foster a lifelong desire to learn and actively serve community and the world. 3. Diversity and Inclusion - By creating an environment accessible to individuals of diverse cultures, ages, and socioeconomic backgrounds and instilling in students a respect for diversity and an understanding of their own and others' values. 4. Global Citizenship - By educating a diverse population locally, nationally and internationally, acting responsibly toward the environment to foster a sustainable future, and strengthening the communities we serve. Distinctive Attributes While our values reflect our mission, our mission-focused strategies also help meet the needs of our students and communities we serve. We do this through a global mindset that welcomes cultural immersion, new ways of living and thinking, and education that opens our students to the world and in turn, opens the world to our students. Webster University campus locations are part of a powerful network of learning, information sharing, and social and cultural exchange. Ultimately, they provide a location for knowledge creation, preservation a dissemination on a local and global scale. As a strong, truly international university, Webster provides uniquely global opportunities and experiences, which prepare our students to lead in their communities and around the world. Webster integrates academics and operations in innovative ways to achieve excellence in academic and administrative programs, services and graduates. We attract diverse, interesting and accomplished students, faculty and staff who thrive in and contribute to our premier global network for learning. Our students, faculty and staff are committed to their local communities and enjoy building connections with friends and colleagues around the world. Faculty teaching scholarship, research, artistic endeavors, curriculum development and service support our culture of academic excellence across the network. More than 200,000 alumni form an elite global network of accomplished and connected citizens. Form 990, Part XI, LINE 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ (11,766) Foreign Currency Translations (290,088) Consolidating Entries/indirect costs 1,670,813 Endowment Funds Transfer (4,950,244) EQUITY capitalization (1,685,456) OTHER CHANGE 448,926 ---------------- TOTAL $(4,817,815) FORM 990, PART VI, SECTION A, LINE 5 DURING THE FISCAL YEAR, THE ORGANIZATION BECAME AWARE OF MISAPPROPRIATION OF THE UNIVERSITY'S IT EQUIPMENT IN THE AMOUNT OF $1,937,433. UPON DISCOVERY OF THE MISAPPROPRIATION, THE UNIVERSITY PERFORMED A COMPREHENSIVE INTERNAL INVESTIGATION TO ASCERTAIN THE CIRCUMSTANCES SURROUNDING THE THEFT AND TO IMPLEMENT BOTH CORRECTIVE AND PREVENTATIVE MEASURES. IN RESPONSE TO THE INCIDENT, THE UNIVERSITY HAS IMPLEMENTED ADDITIONAL SECURITY MEASURE TO FORTIFY THE PREMISES AND SAFEGUARD TECHNOLOGY EQUIPMENT. THIS INCLUDES THE INSTALLATION OF SURVEILLANCE CAMERA, ACCESS CONTROLS, AND ENHANCED MONITORING PROTOCOLS. A COMPREHENSIVE REVIEW OF THE ENTIRE TECHNOLOGY EQUIPMENT INVENTORY HAS BEEN DONE TO UPDATE INTERNAL RECORDS, INCLUDING THE IMPLEMENTATION OF AN ASSET TRACKING DATABASE. THE EXISTING PROCUREMENT AND ASSET MANAGEMENT PRACTICES AND POLICIES HAVE BEEN REVIEWED AND UPDATED TO ENSURE THEY ALIGN WITH BEST PRACTICES AND PROVIDE BROAD CONTROL TO PREVENT THEFT AND UNAUTHORIZED ACCESS. 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