Webster University

“Form 990, supplement to part iii, line 4a webster university, founded in 1915 with its home campus based in st. Louis, missouri, usa, is the only tier 1, private, nonprofit university with campus locations around the world including metropolitan, military, online and corporate, as well as american-style traditional campuses in north america, europe and asia. The university attracts diverse, interesting and accomplished students, faculty and staff who thrive in and contribute to the premier global network for learning. Students, faculty and staff are locally committed, while taking full advantage of the opportunities afforded them by their global colleagues. Faculty, staff and graduates are equipped to work well with people of all cultures and be successful in their chosen careers anywhere in the world. Programs reflect global academic excellence and are purposefully structured to help students succeed in their lives and in their careers. Webster's inviting global campus environment attracts students from diverse cultures, ages and socioeconomic backgrounds, and instills in them a respect for diversity and an understanding of their own and others' values. The university's distinguished faculty have the right balance of global scholarship and professional experience to bring first-class, real-world knowledge to their classrooms. Small, highly interactive classes encourage innovation, collaboration and self-expression. Faculty and staff at each campus location have strong local and international connections and provide unparalleled personal service to our students. Students, faculty and staff have exceptional opportunities to connect with people from around the world. More than 172,000 alumni form an elite global network of accomplished and connected citizens, equipped to advance their current careers, start a new career or expand their business to new markets. Webster university currently educates more than 20,000 undergraduate and graduate students globally, and has been recognized as a leader in both international and military education for more than 30 years.”

“Form 990, part vi, section a, line 2 michael neidorff and george h. Walker have a business relationship. Michael neidorff and david steward have a business relationship. Edward glotzbach and james weddle have a business relationship. Edward glotzbach and brenda newberry have a business relationship. Steve swyers and james britton have a business relationship.”

“Form 990, part vi, section b, line 11b the form 990 has been reviewed by the director of accounting, the comptroller, and the treasurer/vice president/cfo. The form was made available to board members on the university's intranet for a period of two weeks.”

“Form 990, part vi, section b, line 12c the university has an ethics/code of conduct policy that is located on the university website. Communication is made via e-mail and is available on-line. Employees sign a form at new employee orientation that he/she has been informed of the policy website and it is their responsibility to adhere to the policy. Managers and supervisors are responsible for implementing and monitoring compliance with the policy. Employees who violate the letter or spirit of the university's ethics/code of conduct are subject to disciplinary action. The conflict of interest policies apply to all "covered persons" of the university. 1.covered persons all trustees and employees of the university are "covered persons" for the purpose of this policy. 2. Related persons all family members of covered persons, including a spouse, child, parent, sibling, grandparent, grandchild, great-grandchild, in-law, or any other person who resides in the same household as a covered person is a "related person" for the purpose of this policy. 3. Transacting party for the purpose of this policy, a "transacting party" is any party who enters into a transaction with the university, or an affiliate of the university, where the value of the transaction is $1,000 or more. 4. Covered transactions a transaction between the university, or any affiliate of the university and transaction party shall be deemed a "covered transaction" if a covered person and related person collectively own more than ten percent (10%) of the equity of the transaction party or if the covered party or the related person are an officer, director, manager, trustee, partner, employee or consultant to the transacting party. Disclosure, refrain from influence, and refusal when a covered person becomes aware of a proposed covered transation, he or she has a duty to take the following actions: (a) immediately disclose the existence and circumstances of the covered transaction to the university's designated person in writing. In most instances, the designated person shall be the secretary of the board unless the covered person is the president or the secretary in which case the designated person shall be the chair of the audit committee. All disclosure to the secretary shall promptly be forwarded to the chair of the audit committee. (b) refrain from using his or her personal influence to encourage the university to enter into covered transaction; and (c) physically excuse himself/herself from any discussions regarding the covered transaction except to answer questions, from the secretary, the chair of the audit committee or the board of trustees, including any decisions on the subject. Standard for approval of covered transactions the university may enter into a covered transaction where (a) such covered transaction does not constitute an act of self dealing, and (b) the secretary, or if the matter is referred to the audit committee, the chair of the audit committee, determines that such covered transaction is fair and reasonable to the university. The secretary or chair of the audit committee, as the case may be, may consult the university's counsel as necessary to ensure that the transaction does not constitute an act of self dealing.”

“Form 990, part vi, section b, line 15a/b during the 2014 fiscal year, webster university engaged cbiz human capital services to conduct a compensation review of executive compensation. Cbiz worked with members of the board of trustees compensation committee on this project. Comparable data was reviewed for similar positions at benchmark institutions for president, provost and chief financial officer, aged to the current year, and it was determined that we met the rebuttable presumption requirements. Increases for these positions were awarded in accordance with the review and approval process outlined in the board of trustees compensation committee charter, with final approval of the presidents compensation being made by the executive committee of the board of trustees.”

“Form 990, part vi, section c, line 19 the organization makes its governing documents, conflict of interest policy, and financial statements available on the university's website and/or upon request.”

“Form 990, part xi, line 9 change in value of split interest agreements $ (19,753) foreign currency translations 538,765 consolidating entries/indirect costs 3,623,862 rounding (7) ------------- $ 4,142,867”