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Nonprofiteer
← THE WEBB SCHOOLS

Form 990 for tax year 2023

Filed by THE WEBB SCHOOLS.

Totals

Total revenue
$35,409,630
Total expenses
$34,283,120
Contributions and grants received
$4,707,548
Grants paid
$6,846,692
Program service revenue
$28,537,699
Investment income
$2,112,527
Other revenue
$51,856
Total assets, end of year
$120,856,021
Total liabilities, end of year
$18,048,117
Net assets or fund balances, end of year
$102,807,904
Program services expenses (Part IX)
$25,699,538
Management and general expenses
$6,098,604
Fundraising expenses
$2,484,978
Program service expenses (Part III)
$25,699,538

Program services were 75.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $175,100

  • 1f · All other contributions, gifts and grants

    $4,532,448

  • 1g · Noncash contributions included above

    $42,188

  • 2a · Program service revenue: TUITION AND FEES

    total $28,537,699 · related or exempt $28,537,699

  • 3 · Investment income

    total $2,009,060 · excluded $2,009,060

  • 6a · Gross rents

    real property $28,462

  • 6b · Less rental expenses

    real property $3,931

  • 6c · Rental income or loss

    real property $24,531

  • 6d · Net rental income or loss

    total $24,531 · excluded $24,531

  • 7a · Gross sales of assets other than inventory

    securities $2,147,503

  • 7b · Less cost or other basis and sales expenses

    securities $2,044,036

  • 7c · Gain or loss

    securities $103,467

  • 7d · Net gain or loss

    total $103,467 · excluded $103,467

  • 8a · Fundraising events: gross income

    $31,689

  • 8a · Fundraising events: contributions included on line 1c

    $175,100

  • 8b · Fundraising events: direct expenses

    $85,092

  • 8c · Net income from fundraising events

    total -$53,403 · excluded -$53,403

  • 10a · Gross sales of inventory

    $39,671

  • 10b · Cost of goods sold

    $13,019

  • 10c · Net income from sales of inventory

    total $26,652 · excluded $26,652

  • 11a · Other revenue: MISCELLANEOUS

    total $29,443 · excluded $29,443

  • 11b · Other revenue: YEARBOOKS

    total $24,633 · related or exempt $24,633

  • 11e · Other revenue, total

    $54,076

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,846,692 · program services $6,846,692

  • 5 · Compensation of officers, directors and key employees

    total $1,925,698 · program services $1,329,752 · management and general $54,981 · fundraising $540,965

  • 7 · Other salaries and wages

    total $10,474,558 · program services $7,027,995 · management and general $2,504,286 · fundraising $942,277

  • 8 · Pension plan contributions

    total $764,525 · program services $487,413 · management and general $215,383 · fundraising $61,729

  • 9 · Other employee benefits

    total $1,879,213 · program services $1,421,179 · management and general $325,942 · fundraising $132,092

  • 10 · Payroll taxes

    total $858,401 · program services $596,857 · management and general $159,977 · fundraising $101,567

  • 11a · Fees: management

    total $179,996 · program services $124,848 · management and general $55,148

  • 11b · Fees: legal

    total $39,960 · management and general $39,207 · fundraising $753

  • 11c · Fees: accounting

    total $182,784 · management and general $182,784

  • 11e · Fees: professional fundraising services

    total $52,337 · fundraising $52,337

  • 11f · Fees: investment management

    total $260,002 · management and general $260,002

  • 11g · Fees: other

    total $925,774 · program services $737,833 · management and general $177,445 · fundraising $10,496

  • 12 · Advertising and promotion

    total $439,018 · program services $410,684 · fundraising $28,334

  • 13 · Office expenses

    total $220,498 · program services $28,029 · management and general $150,365 · fundraising $42,104

  • 14 · Information technology

    total $886,473 · program services $503,909 · management and general $323,092 · fundraising $59,472

  • 16 · Occupancy

    total $1,784,255 · program services $967,455 · management and general $799,839 · fundraising $16,961

  • 17 · Travel

    total $486,793 · program services $153,380 · management and general $218,079 · fundraising $115,334

  • 19 · Conferences, conventions and meetings

    total $285,762 · program services $120,824 · management and general $145,044 · fundraising $19,894

  • 20 · Interest

    total $636,125 · program services $636,125

  • 21 · Payments to affiliates

    total $9,200 · management and general $3,700 · fundraising $5,500

  • 22 · Depreciation, depletion and amortization

    total $1,745,085 · program services $1,605,478 · management and general $122,156 · fundraising $17,451

  • 23 · Insurance

    total $738,151 · program services $584,948 · management and general $124,261 · fundraising $28,942

  • 24a · Other expenses: STUDENT SUPPORT SERVICE

    total $752,410 · program services $752,410

  • 24b · Other expenses: OTHER STUDENT PROGRAMS

    total $740,859 · program services $740,859

  • 24c · Other expenses: INSTRUCTIONAL MATERIALS

    total $621,535 · program services $621,535

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $308,770 · fundraising $308,770

  • 24e · All other expenses

    total $238,246 · program services $1,333 · management and general $236,913

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,725,198 · end of year $3,810,545

  • 2 · Savings and temporary cash investments

    beginning of year $14,128,879 · end of year $12,840,908

  • 3 · Pledges and grants receivable

    beginning of year $2,430,880 · end of year $3,618,194

  • 4 · Accounts receivable

    beginning of year $914,657 · end of year $899,753

  • 8 · Inventories for sale or use

    beginning of year $23,493 · end of year $47,279

  • 9 · Prepaid expenses and deferred charges

    beginning of year $527,460 · end of year $636,060

  • 10a · Land, buildings and equipment: cost or other basis

    $66,965,897

  • 10b · Land, buildings and equipment: accumulated depreciation

    $32,664,275

  • 10c · Land, buildings and equipment, net

    beginning of year $31,988,435 · end of year $34,301,622

  • 11 · Investments: publicly traded securities

    beginning of year $40,619,351 · end of year $48,174,797

  • 12 · Investments: other securities

    beginning of year $15,098,131 · end of year $13,234,486

  • 15 · Other assets

    beginning of year $5,255,140 · end of year $3,292,377

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,808,025 · end of year $1,405,774

  • 19 · Deferred revenue

    beginning of year $4,312,066 · end of year $4,041,096

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,491,163 · end of year $12,318,238

  • 25 · Other liabilities

    beginning of year $1,468,786 · end of year $283,009

  • 27 · Net assets without donor restrictions

    beginning of year $44,701,514 · end of year $48,119,666

  • 28 · Net assets with donor restrictions

    beginning of year $50,930,070 · end of year $54,688,238

Mission and programs · 2023

Mission

WEBB'S MISSION IS TO PROVIDE A DYNAMIC LEARNING COMMUNITY THAT NURTURES AND INSPIRES OUR STUDENTS AND ALUMNI TO THINK BOLDLY, MINDFULLY, AND CREATIVELY; ACT WITH HONOR AND MORAL COURAGE; LEAD WITH DISTINCTION; AND SERVE WITH A GENEROUS SPIRIT.

Activities or mission (Part I)

A PRIVATE SCHOOL.

  • BOARDING AND DAY SCHOOL INSTRUCTION FOR APPROXIMATELY 404 STUDENTS.

    Expenses $25,699,538 · Grants $6,846,692 · Revenue $28,562,332

As filed on the 2023 return.

Listed in Part VII

  • Taylor B Stockdale

    HEAD EMERITUS

    Total calculated
    $866,914
    From this org
    $814,243
    From related orgs
    $0
    Other
    $52,671
    Hours/week
    40 + 4.25 related

    Schedule J breakdown matched by us

    Base
    $440,208
    Bonus
    $0
    Other
    $374,035
    Deferred
    $33,000
    Nontaxable benefits
    $19,671
    Filer's total
    $866,914

  • Theresa Smith PhD

    EX-OFF TTE, HEAD OF SCH, PRES & CEO

    Total calculated
    $325,722
    From this org
    $293,745
    From related orgs
    $0
    Other
    $31,977
    Hours/week
    40 + 4.25 related

    Schedule J breakdown matched by us

    Base
    $293,745
    Bonus
    $0
    Other
    $0
    Deferred
    $29,500
    Nontaxable benefits
    $2,477
    Filer's total
    $325,722

  • Janet K Peddy

    CFO, ASST SECRETARY

    Total calculated
    $311,238
    From this org
    $267,263
    From related orgs
    $0
    Other
    $43,975
    Hours/week
    40 + 8.25 related

    Schedule J breakdown matched by us

    Base
    $262,905
    Bonus
    $0
    Other
    $4,358
    Deferred
    $26,291
    Nontaxable benefits
    $17,684
    Filer's total
    $311,238

  • Jamila Everett PhD

    DIR OF ADMISSION AND FINANCIAL AID

    Total calculated
    $269,092
    From this org
    $239,427
    From related orgs
    $0
    Other
    $29,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,427
    Bonus
    $0
    Other
    $0
    Deferred
    $19,196
    Nontaxable benefits
    $10,469
    Filer's total
    $269,092

  • Robert Fass

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $255,360
    From this org
    $209,354
    From related orgs
    $0
    Other
    $46,006
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $209,354
    Bonus
    $0
    Other
    $0
    Deferred
    $21,216
    Nontaxable benefits
    $24,790
    Filer's total
    $255,360

  • Hector Martinez

    DEAN OF COLLEGE GUIDANCE

    Total calculated
    $197,645
    From this org
    $156,728
    From related orgs
    $0
    Other
    $40,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,728
    Bonus
    $0
    Other
    $0
    Deferred
    $15,727
    Nontaxable benefits
    $25,190
    Filer's total
    $197,645

  • Tina Paredes

    DIRECTOR OF ASSET MANAGEMENT

    Total calculated
    $155,859
    From this org
    $141,244
    From related orgs
    $0
    Other
    $14,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,891
    Bonus
    $0
    Other
    $353
    Deferred
    $14,089
    Nontaxable benefits
    $526
    Filer's total
    $155,859

  • Michael Hoe

    ASSISTANT HEAD OF SCHOOLS

    Total calculated
    $178,983
    From this org
    $152,679
    From related orgs
    $0
    Other
    $26,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,679
    Bonus
    $0
    Other
    $0
    Deferred
    $11,076
    Nontaxable benefits
    $15,228
    Filer's total
    $178,983

  • Danielle Gordon

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $175,905
    From this org
    $136,112
    From related orgs
    $0
    Other
    $39,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,112
    Bonus
    $0
    Other
    $0
    Deferred
    $13,838
    Nontaxable benefits
    $25,955
    Filer's total
    $175,905

  • Carolina Pangilinan

    CONTROLLER

    Total calculated
    $168,515
    From this org
    $136,027
    From related orgs
    $0
    Other
    $32,488
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,027
    Bonus
    $0
    Other
    $0
    Deferred
    $14,089
    Nontaxable benefits
    $18,399
    Filer's total
    $168,515

  • Michelle Vega

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $149,236
    From this org
    $133,906
    From related orgs
    $0
    Other
    $15,330
    Hours/week
    40

  • Sanjiv Dholakia

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    10 + 1.25 related

  • Wendy Hornbuckle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Chang

    TRUSTEE & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Deval Dvivdedi

    TRUSTEE & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jenna Gambaro JD

    TRUSTEE & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • William Hornbuckle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Ishiguro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Naveen Jeereddi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sandra Lee Rebish MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Julia Marciari-Alexander PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rahmi Mowjood Do

    TRUSTEE, VP, SEC, & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Mickey Novak

    TRUSTEE & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Miles R Rosedale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Wendin Smith PhD

    TRUSTEE & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jordan Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lance Williams

    TRUSTEE & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Larry Ashton

    TRUSTEE, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    2 + 5.25 related

  • Andrew Pan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
STAFF COMPILE DATA FOR ALL OFFICER (HEAD, CFO) AND KEY EMPLOYEE POSITIONS FROM A VARIETY OF SOURCES, INCLUDING SALARY DATA FROM NAIS, CAIS, CAL-ISBOA AND ADP. MARKET INFORMATION IS COMPILED REGULARLY. THE ADMINISTRATION AND CONSULTANTS CONDUCT MARKET RESEARCH BASED ON INDUSTRY STANDARDS IN SIMILAR ORGANIZATIONS WHEN DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE BOARD OF TRUSTEES REVIEWS AND APPROVES TOTAL COMPENSATION, COMPENSATION FOR THE HEAD OF SCHOOLS, AND REVIEWS COMPENSATION PACKAGES FOR OTHER KEY EMPLOYEES. THE HEAD OF SCHOOLS APPROVES COMPENSATION FOR ALL OTHER EMPLOYEES.
PART I, LINE 4B
NAME: TAYLOR STOCKDALE, DESCRIPTION: 2 457(F) PLANS - DISTRIBUTIONS, CURRENT YEAR AMOUNT: $375,000. PLAN DESCRIPTION: THE WEBB SCHOOLS FUND TWO 457(F) PLANS. AS DEFINED BY THE EMPLOYMENT CONTRACT, EACH PLAN HAS SPECIFIC CONTRIBUTION AND PAYMENT SCHEDULES, BASED ON CERTAIN EMPLOYMENT CRITERIA, LIKE LENGTH OF EMPLOYMENT OR MEETING PRE-DEFINED GOALS. FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2023, TWO DISTRIBUTIONS WERE MADE FOR ONE PARTICIPANT IN THE AMOUNTS OF $125,000 AND $250,000.
PART I, LINE 5
TAYLOR STOCKDALE'S 457(F) PLAN 2 DISTRIBUTION WAS BASED ON MEETING FUNDRAISING GOALS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349313141

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