Webber International University Inc
- Assets
- $22.9m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 303
- Location
- Babson Park, FL
- Founding
- 08/1928
- Data as of
- 05/2022
- EIN
- 59-2139553
Organization Overview
Webber International University Inc is located in Babson Park, FL. The organization was established in 1928. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Webber International University Inc employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webber International University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Webber International University Inc generated $19.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $19.8m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 AND THE DEVELOPMENT OF SKILLS IN ADMINISTRATION AND STRATEGIC PLANNING. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE PROGRAM, WEBBER OFFERS AN ADULT EDUCATION PROGRAM, AND A MASTER OF BUSINESS ADMINISTRATION DEGREE PROGRAM WITH 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 COMMISION ON COLLEGES (SACSCOC) AND IS MEMBER OF THE NATIONAL ASSOCIATION OF INTERCOLLEGIATE ATHLETICS (NAIA) AND THE FLORIDA SUN CONFERENCE.
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 AND THE DEVELOPMENT OF SKILLS IN ADMINISTRATION AND STRATEGIC PLANNING. IN ADDITION TO THE TRADITIONAL UNDERGRADUATE PROGRAM, WEBBER OFFERS AN ADULT EDUCATION PROGRAM, AND A MASTER OF BUSINESS ADMINISTRATION DEGREE PROGRAM WITH 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 ENGAGED 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Keith Wade CEO | Officer | 40 | $245,845 |
Joseph Cicchetto Cfo/treasure | Officer | 40 | $161,955 |
Nelson J Marquez Associate Vi | Officer | 40 | $138,111 |
Bobbi S Andrews VP Admission | Officer | 40 | $137,994 |
Chih-Shin Shieh Vice Preside | 40 | $115,010 | |
Christina Jordon VP Finance | Officer | 40 | $80,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $829,660 |
| Total Program Service Revenue | $18,338,566 |
| Investment income | $148,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,317,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,754,420 |
| Pension plan accruals and contributions | $168,809 |
| Other employee benefits | $1,223,375 |
| Payroll taxes | $457,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $256,174 |
| Fees for services: Accounting | $72,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,363 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,128,679 |
| Office expenses | $655,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,680,817 |
| Travel | $260,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,468 |
| Interest | $201,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,217 |
| Insurance | $1,556,302 |
| All other expenses | $491,003 |
| Total functional expenses | $19,757,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,544 |
| Savings and temporary cash investments | $2,392,154 |
| Pledges and grants receivable | $344,189 |
| Accounts receivable, net | $878,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,595,038 |
| Inventories for sale or use | $91,979 |
| Prepaid expenses and deferred charges | $523,704 |
| Net Land, buildings, and equipment | $8,228,375 |
| Investments—publicly traded securities | $6,780,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $81,608 |
| Other assets | $0 |
| Total assets | $22,918,487 |
| Accounts payable and accrued expenses | $2,322,660 |
| Grants payable | $0 |
| Deferred revenue | $336,888 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,060,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,970 |
| Total liabilities | $9,855,218 |
| Net assets without donor restrictions | $12,073,999 |
| Net assets with donor restrictions | $989,270 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,918,487 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Webber International University Inc has recieved totaling $7,515.
| Awarding Organization | Amount |
|---|---|
The Jahna Foundation Inc Lake Wales, FL PURPOSE: CHARITY | $5,000 |
The Tom Perry Family Foundation Moore Haven, FL PURPOSE: GENERAL USE | $2,350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $165 |
Endowment Analysis
| Beg. Balance | $5,713,881 |
| Earnings | $383,822 |
| Admin Expense | $23,363 |
| Net Contributions | $269,148 |
| Ending Balance | $6,343,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Mobile Inc Mobile, AL | $69,808,365 | $44,907,754 |
Spring Hill College Mobile, AL | $150,301,897 | $36,801,063 |
Thomas University Inc Thomasville, GA | $24,383,052 | $20,548,175 |
Webber International University Inc Babson Park, FL | $22,918,487 | $19,317,100 |
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Troy University Foundation Troy State University, AL | $216,795,680 | $14,891,109 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Embry-Riddle Aeronautical University Asia Ltd Daytona Beach, FL | $1,713,804 | $4,110,477 |
University Of St Andrews American Foundation Inc Atlanta, GA | $4,257,429 | $5,837,000 |
University Of Montevallo Foundation Montevallo, AL | $53,571,630 | $6,691,852 |
Emory University Decatur, GA | $5,755,705 | $3,178,189 |
Auburn Alumni Association Inc Auburn, AL | $16,133,039 | $3,237,497 |