Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2024. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| SCHEDULE E, PART I, LINE 3 | WESTMINSTER UNIVERSITY HAS A LINK TO THEIR RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE HOMEPAGE, BUT DOES NOT HAVE THE POLICY DIRECTLY ON THEIR HOMEPAGE. |
| SCHEDULE E, PART I, LINE 6 | WESTMINSTER UNIVERSITY PARTICIPATES IN VARIOUS FINANCIAL ASSISTANCE PROGRAMS AS AUTHORIZED BY TITLE IV OF THE HIGHER EDUCATION ACT OF 1965 AND ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION. |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SHALL INCLUDE THE CHAIR OF THE BOARD OF TRUSTEES, THE VICE CHAIR OF THE BOARD OF TRUSTEES, THE PRESIDENT, AND SUCH OTHER TRUSTEES AS APPOINTED BY THE CHAIR. THE CHAIR OF THE BOARD OF TRUSTEES SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL PERFORM THE FOLLOWING DUTIES: - REPRESENT THE BOARD OF TRUSTEES IN THE INTERVALS BETWEEN BOARD MEETINGS ON ACTIONS WHICH MUST BE FINAL AND APPROVED PRIOR TO THE NEXT MEETING OF THE BOARD AND ON MATTERS AS DELEGATED BY THE BOARD OF TRUSTEES TO THE EXECUTIVE COMMITTEE, EXCEPT TO THE EXTENT PROHIBITED BY THESE BYLAWS AND THE UTAH REVISED NONPROFIT CORPORATION ACT 2000, AND ANY SUBSEQUENT AMENDMENTS OR SUCCESSOR THERETO; -REPORT ALL EXECUTIVE COMMITTEE ACTIONS IN FULL TO THE BOARD OF TRUSTEES AT THE FIRST BOARD OF TRUSTEES MEETING AFTER THE DATE OF THE EXECUTIVE COMMITTEE'S ACTION. |
| FORM 990, PART VI, SECTION B, LINE 11B | WESTMINSTER UNIVERSITY (THE "UNIVERSITY") TAX RETURN IS REVIEWED BY THE DIRECTOR OF BUDGET AND REPORTING AND THE VP OF FINANCE AND ADMINISTRATION. ONCE COMPLETED, THE DOCUMENTS ARE REVIEWED BY THE AUDIT AND RISK MANAGEMENT COMMITTEE AND SUBMITTED ELECTRONICALLY TO THE FULL BOARD OF TRUSTEES. ONCE THE TRUSTEES HAVE REVIEWED, THE RETURN IS TRANSMITTED ELECTRONICALLY TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | PROCESS OF IDENTIFICATION: THE SECRETARY OF THE BOARD WILL COLLECT STATEMENTS OF DISCLOSURE FROM ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES EACH YEAR AT THE FIRST BOARD MEETING OF THE UNIVERSITY'S FISCAL YEAR AND FROM ALL NEW TRUSTEES, OFFICERS, AND KEY EMPLOYEES AT THE TIME OF THEIR APPOINTMENT. THE AUDIT AND RISK MANAGEMENT COMMITTEE WILL REVIEW EACH STATEMENT OF DISCLOSURE FOR ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, INCLUDING, BUT NOT LIMITED TO, THE FOLLOWING FACTORS: - SOLICITATION OR ACCEPTANCE OF GIFTS, GRATUITIES, FREE TRAVEL, OR OTHER ITEMS OF VALUE THAT COULD CREATE THE APPEARANCE OF A CONFLICT OR AN EXPECTATION OF SPECIAL TREATMENT IN UNIVERSITY MATTERS; - INCIDENTS OF ABUSE OR MISUSE OF AN INDIVIDUAL'S POSITION FOR PERSONAL OR THIRD-PARTY GAIN OR BENEFIT; - USE OF THE UNIVERSITY STAFF, SERVICES, EQUIPMENT, MATERIALS, RESOURCES, OR PROPERTY FOR PERSONAL OR THIRD PARTY GAIN OR BENEFIT; - USE OF THE UNIVERSITY'S STAFF, SERVICES, EQUIPMENT, MATERIALS, RESOURCES, OR PROPERTY FOR PERSONAL OR THIRD PARTY GAIN, OR REPRESENTING TO THIRD PARTIES THAT ONE'S AUTHORITY AS A TRUSTEE, OFFICER, VOLUNTEER, OR KEY EMPLOYEE IS MORE EXTENSIVE THAN IT IS IN ACTUALITY; - SITUATIONS WHERE A TRUSTEE, OFFICER, OR KEY EMPLOYEE MAY BE DIVIDED BETWEEN PERSONAL INTERESTS OR THE INTERESTS OF ANOTHER ORGANIZATION AND THE BEST INTERESTS OF THE UNIVERSITY; - ENGAGEMENT IN BUSINESS, PROFESSIONAL CONDUCT, OR OTHER ACTIVITIES THAT MAY BE DIRECTLY OR INDIRECTLY ADVERSE TO THE INTERESTS OF THE UNIVERSITY; AND, - ANY ARRANGEMENTS IN WHICH A TRUSTEE, OFFICER, OR KEY EMPLOYEE PROVIDES GOODS OR SERVICES TO THE UNIVERSITY AS A PAID VENDOR OR OUTSIDE SERVICE-PROVIDER. THE AUDIT AND RISK MANAGEMENT COMMITTEE MAY REQUEST ADDITIONAL INFORMATION FROM ANY TRUSTEE, OFFICER, OR KEY EMPLOYEE AT ANY TIME. WHILE AN INDIVIDUAL'S RELATIONSHIPS OR ACTIVITIES ARE UNDER REVIEW, THE INDIVIDUAL MAY NOT DELIBERATE, DEBATE, OR VOTE UNTIL A DETERMINATION IS MADE. RESOLUTION: WHEN THE AUDIT AND RISK MANAGEMENT COMMITTEE OR THE BOARD OF TRUSTEES IDENTIFIES AN ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST, IT MAY TAKE ONE OF THE FOLLOWING ACTIONS TO RESOLVE SUCH CONFLICT: - WAIVE THE CONFLICT OF INTEREST AS UNLIKELY TO AFFECT THE TRUSTEE'S, OFFICER'S, VOLUNTEER'S, OR KEY EMPLOYEE'S ABILITY TO ACT IN THE BEST INTERESTS OF THE UNIVERSITY; - RECUSE THE INDIVIDUAL TRUSTEE, OFFICER, VOLUNTEER, OR KEY EMPLOYEE FROM DELIBERATION OR DECISION-MAKING RELATED TO THE SPECIFIC MATTER GIVING RISE TO THE CONFLICT. - REQUEST THE RESIGNATION OF THE TRUSTEE, OFFICER, VOLUNTEER OR KEY EMPLOYEE FROM HIS OR HER SERVICE OR POSITION AT THE UNIVERSITY BECAUSE THE CONFLICT OF INTEREST IS SO PERVASIVE THAT IT IS LIKELY THE TRUSTEE, OFFICE OR KEY EMPLOYEE WOULD BE UNABLE TO ACT SOLELY IN THE BEST INTERESTS OF THE UNIVERSITY. THE BOARD OF TRUSTEES HAS FINAL AUTHORITY OVER THE RESOLUTION OF ALL CONFLICTS OF INTEREST INVOLVING A TRUSTEE, OFFICER, OR KEY EMPLOYEE AND MAY OVERRULE ANY DECISION OF THE AUDIT AND RISK MANAGEMENT COMMITTEE MAY REFER ANY CONFLICT OF ISSUE MATTER TO THE BOARD AT ANY TIME. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF WESTMINSTER UNIVERSITY IS RESPONSIBLE FOR THE COMPENSATION REVIEW AND APPROVAL PROCESS FOR OFFICERS AND KEY EMPLOYEES. REVIEW OF THE PRESIDENT: THE EXECUTIVE COMMITTEE IS RESPONSIBLE TO CONDUCT AN ANNUAL EVALUATION OF THE PRESIDENT, AND TO REVIEW AND MAKE RECOMMENDATIONS REGARDING THE TERMS OF CONTRACT WITH THE PRESIDENT, INCLUDING COMPENSATION. THE EXECUTIVE COMMITTEE WILL CONDUCT AN ANNUAL REVIEW OF THE PRESIDENTS COMPENSATION. CONCURRENT WITH THIS REVIEW, THE EXECUTIVE COMMITTEE SHALL EVALUATE AN ANNUAL REPORT OF THE PRESIDENT'S PERFORMANCE, PROVIDED BY THE PRESIDENT. IN FORMING A RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION, THE EXECUTIVE COMMITTEE WILL RELY ON COMPARABILITY DATA OF THE COMPENSATION PAID TO PRESIDENTS BY SIMILAR INSTITUTIONS. THIS DATA MAY INCLUDE COMPENSATION STUDIES BY INDEPENDENT ORGANIZATIONS, WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS, AND INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. THE EXECUTIVE COMMITTEE WILL FORWARD ITS RECOMMENDATION TO THE FULL BOARD OF TRUSTEES FOR APPROVAL OF THE PRESIDENTS COMPENSATION AND CONTRACT TERMS. REVIEW OF OTHER OFFICERS AND KEY EMPLOYEES: ON AN ANNUAL BASIS, THE PRESIDENT WILL PRESENT TO THE EXECUTIVE COMMITTEE HIS OR HER REPORT ON COMPENSATION FOR THE PROVOST, VICE PRESIDENTS, PRESIDENTS CABINET, AND ANY OTHER STAFF WHO REPORT DIRECTLY TO THE PRESIDENT, AND COVERED EMPLOYEES (COLLECTIVELY EXECUTIVE OFFICERS) INCLUDING COMPARABILITY DATA AND PERFORMANCE INFORMATION. THE EXECUTIVE COMMITTEE IS RESPONSIBLE TO OVERSEE THE COMPENSATION OF THE EXECUTIVE OFFICERS TO ENSURE COMPENSATION IS FAIR, EFFECTIVE, AND REASONABLE. DOCUMENTATION: THE EXECUTIVE COMMITTEE WILL TAKE AND KEEP MINUTES THAT DOCUMENT ITS REVIEW PROCESS AND HOW IT FORMED ITS RECOMMENDATIONS. THE MINUTES WILL INCLUDE THE FOLLOWING: 1. THE TERMS OF THE COMPENSATION AND CONTRACT TERMS AND THE DATE IT WAS RECOMMENDED; 2. THE MEMBERS OF THE BOARD OF TRUSTEES WHO WERE PRESENT DURING THE MEETINGS AND WHO VOTED ON THE RECOMMENDATION; AND 3. THE COMPARABILITY DATA OBTAINED AND REVIEWED AND THE SOURCE OF THE DATA. THE BOARD OF TRUSTEES WILL TAKE AND KEEP MINUTES THAT DOCUMENT ITS ACTIONS. THE MINUTES WILL INCLUDE THE FOLLOWING: 1. THE TERMS OF THE COMPENSATION AND CONTRACT TERMS; 2. THE DATE THE COMPENSATION AND CONTRACT TERMS WERE APPROVED; AND 3. THE MEMBERS OF THE BOARD OF TRUSTEES WHO WERE PRESENT DURING THE MEETING AND WHO VOTED ON THE APPROVAL. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | ACTUARIAL GAIN ON ANNUITY OBLIGATIONS 2,088. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
| Software ID: | |
| Software Version: |