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Nonprofiteer
← THE WEBB SCHOOLS

Form 990 for tax year 2022

Filed by THE WEBB SCHOOLS.

Totals

Total revenue
$36,181,778
Total expenses
$31,748,603
Contributions and grants received
$7,303,661
Grants paid
$6,420,736
Program service revenue
$27,016,205
Investment income
$1,853,323
Other revenue
$8,589
Total assets, end of year
$115,711,624
Total liabilities, end of year
$20,080,040
Net assets or fund balances, end of year
$95,631,584
Program services expenses (Part IX)
$23,698,702
Management and general expenses
$5,799,327
Fundraising expenses
$2,250,574
Program service expenses (Part III)
$23,698,702

Program services were 74.6% 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

    $175,906

  • 1d · Related organizations

    $925

  • 1f · All other contributions, gifts and grants

    $7,126,830

  • 1g · Noncash contributions included above

    $76,570

  • 2a · Program service revenue: TUITION AND FEES

    total $27,016,205 · related or exempt $27,016,205

  • 3 · Investment income

    total $1,397,609 · excluded $1,397,609

  • 6a · Gross rents

    real property $3,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $3,000

  • 6d · Net rental income or loss

    total $3,000 · excluded $3,000

  • 7a · Gross sales of assets other than inventory

    securities $3,451,884

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

    securities $2,996,170

  • 7c · Gain or loss

    securities $455,714

  • 7d · Net gain or loss

    total $455,714 · excluded $455,714

  • 8a · Fundraising events: gross income

    $47,055

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

    $175,906

  • 8b · Fundraising events: direct expenses

    $83,351

  • 8c · Net income from fundraising events

    total -$36,296 · excluded -$36,296

  • 10a · Gross sales of inventory

    $49,830

  • 10b · Cost of goods sold

    $30,376

  • 10c · Net income from sales of inventory

    total $19,454 · excluded $19,454

  • 11a · Other revenue: MISCELLANEOUS

    total $22,431 · excluded $22,431

  • 11e · Other revenue, total

    $22,431

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,347,416 · program services $6,347,416

  • 3 · Grants to foreign organizations and individuals

    total $73,320 · program services $73,320

  • 5 · Compensation of officers, directors and key employees

    total $1,774,771 · program services $377,536 · management and general $903,762 · fundraising $493,473

  • 7 · Other salaries and wages

    total $9,597,678 · program services $7,325,948 · management and general $1,582,381 · fundraising $689,349

  • 8 · Pension plan contributions

    total $677,987 · program services $515,468 · management and general $99,167 · fundraising $63,352

  • 9 · Other employee benefits

    total $1,716,894 · program services $1,351,522 · management and general $239,960 · fundraising $125,412

  • 10 · Payroll taxes

    total $710,727 · program services $522,242 · management and general $121,769 · fundraising $66,716

  • 11a · Fees: management

    total $145,690 · program services $118,728 · management and general $26,962

  • 11b · Fees: legal

    total $69,503 · management and general $68,003 · fundraising $1,500

  • 11c · Fees: accounting

    total $140,996 · management and general $140,996

  • 11f · Fees: investment management

    total $244,979 · management and general $244,979

  • 11g · Fees: other

    total $794,511 · program services $596,391 · management and general $190,943 · fundraising $7,177

  • 12 · Advertising and promotion

    total $399,130 · management and general $346,708 · fundraising $52,422

  • 13 · Office expenses

    total $184,077 · program services $21,965 · management and general $131,896 · fundraising $30,216

  • 14 · Information technology

    total $799,707 · program services $456,414 · management and general $290,904 · fundraising $52,389

  • 16 · Occupancy

    total $2,169,352 · program services $1,532,132 · management and general $630,191 · fundraising $7,029

  • 17 · Travel

    total $485,188 · program services $134,701 · management and general $255,941 · fundraising $94,546

  • 19 · Conferences, conventions and meetings

    total $259,714 · program services $153,398 · management and general $88,321 · fundraising $17,995

  • 21 · Payments to affiliates

    total $7,170 · management and general $3,170 · fundraising $4,000

  • 22 · Depreciation, depletion and amortization

    total $1,824,643 · program services $1,783,879 · management and general $31,993 · fundraising $8,771

  • 23 · Insurance

    total $708,352 · program services $565,248 · management and general $119,193 · fundraising $23,911

  • 24a · Other expenses: STUDENT SUPPORT SERVICE

    total $705,487 · program services $705,487

  • 24b · Other expenses: OTHER STUDENT PROGRAMS

    total $592,693 · program services $592,693

  • 24c · Other expenses: INSTRUCTIONAL MATERIALS

    total $522,946 · program services $522,946

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $512,316 · fundraising $512,316

  • 24e · All other expenses

    total $283,356 · program services $1,268 · management and general $282,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,685,165 · end of year $4,725,198

  • 2 · Savings and temporary cash investments

    beginning of year $12,367,874 · end of year $14,128,879

  • 3 · Pledges and grants receivable

    beginning of year $1,479,525 · end of year $2,430,880

  • 4 · Accounts receivable

    beginning of year $389,127 · end of year $914,657

  • 8 · Inventories for sale or use

    beginning of year $19,190 · end of year $23,493

  • 9 · Prepaid expenses and deferred charges

    beginning of year $555,274 · end of year $527,460

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

    $62,907,625

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

    $30,919,190

  • 10c · Land, buildings and equipment, net

    beginning of year $31,107,893 · end of year $31,988,435

  • 11 · Investments: publicly traded securities

    beginning of year $37,757,157 · end of year $40,619,351

  • 12 · Investments: other securities

    beginning of year $13,460,434 · end of year $15,098,131

  • 15 · Other assets

    beginning of year $3,636,886 · end of year $5,255,140

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,579,953 · end of year $1,808,025

  • 19 · Deferred revenue

    beginning of year $4,242,863 · end of year $4,312,066

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,658,790 · end of year $12,491,163

  • 25 · Other liabilities

    beginning of year $658,650 · end of year $1,468,786

  • 27 · Net assets without donor restrictions

    beginning of year $42,569,445 · end of year $44,701,514

  • 28 · Net assets with donor restrictions

    beginning of year $44,748,824 · end of year $50,930,070

Mission and programs · 2022

Mission

THE MISSION OF THE WEBB SCHOOLS IS TO PROVIDE AN EXEMPLARY LEARNING COMMUNITY THAT NURTURES AND INSPIRES BOYS AND GIRLS TO BECOME MEN AND WOMEN WHO 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)

PRIVATE SCHOOL

  • BOARDING AND DAY SCHOOL INSTRUCTION FOR APPROXIMATELY 405 STUDENTS.

    Expenses $23,698,702 · Grants $6,420,736 · Revenue $27,016,205

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TAYLOR B STOCKDALE

    EX-OFFICIO TRUSTEE

    Total calculated
    $749,714
    From this org
    $547,960
    From related orgs
    $0
    Other
    $201,754
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $547,960
    Bonus
    $0
    Other
    $0
    Deferred
    $130,500
    Nontaxable benefits
    $71,254
    Filer's total
    $749,714

  • JANET K PEDDY

    CFO, ASST SECRETARY

    Total calculated
    $309,184
    From this org
    $269,477
    From related orgs
    $0
    Other
    $39,707
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $256,977
    Bonus
    $12,500
    Other
    $0
    Deferred
    $25,279
    Nontaxable benefits
    $14,428
    Filer's total
    $309,184

  • SANJAY DHOLAKIA

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • CHRISTINA MCGINLEY PHD

    TRUSTEE, VICE CHAIR, SEC

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL CHANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEVAL DVIVEDI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JENNA GAMBARO JD

    TRUSTEE & COMIMITTEE

    Total calculated
    $0
    Hours/week
    3

  • BILL 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 & COMIMITTEE

    Total calculated
    $0
    Hours/week
    3

  • DAVID MYLES PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICKEY NOVAK

    TRUSTEE & COMIMITTEE

    Total calculated
    $0
    Hours/week
    3

  • MELVIN OLIVER PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MILES R ROSEDALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WENDIN SMITH PHD

    TRUSTEE & COMIMITTEE

    Total calculated
    $0
    Hours/week
    3

  • JORDAN TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LARA TIEDANS PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LANCE WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • DENIS YIP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LARRY ASHTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 5 related

  • THERESA SMITH PHD

    ASSOCIATE HEAD OF SCHOOLS

    Total calculated
    $347,206
    From this org
    $274,533
    From related orgs
    $0
    Other
    $72,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,533
    Bonus
    $0
    Other
    $0
    Deferred
    $27,500
    Nontaxable benefits
    $45,173
    Filer's total
    $347,206

  • JAMILA EVERETT PHD

    DIR OF ADMISSION

    Total calculated
    $287,521
    From this org
    $230,460
    From related orgs
    $0
    Other
    $57,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,460
    Bonus
    $0
    Other
    $0
    Deferred
    $18,474
    Nontaxable benefits
    $38,587
    Filer's total
    $287,521

  • ROBERT FASS

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $240,788
    From this org
    $200,104
    From related orgs
    $0
    Other
    $40,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,104
    Bonus
    $0
    Other
    $0
    Deferred
    $20,400
    Nontaxable benefits
    $20,284
    Filer's total
    $240,788

  • WILLIAM DIEPENBROCK

    DIRECTOR OF MARKETING & COMMUNICATIONS

    Total calculated
    $138,433
    From this org
    $112,451
    From related orgs
    $0
    Other
    $25,982
    Hours/week
    40

  • HECTOR MARTINEZ

    DEAN OF COLLEGE COUNSELING

    Total calculated
    $180,756
    From this org
    $145,866
    From related orgs
    $0
    Other
    $34,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,866
    Bonus
    $0
    Other
    $0
    Deferred
    $14,641
    Nontaxable benefits
    $20,249
    Filer's total
    $180,756

  • DANIELLE GORDON

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $156,184
    From this org
    $124,712
    From related orgs
    $0
    Other
    $31,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,712
    Bonus
    $0
    Other
    $0
    Deferred
    $11,032
    Nontaxable benefits
    $20,440
    Filer's total
    $156,184

  • CAROLINA PANGILINAN

    CONTROLLER

    Total calculated
    $139,991
    From this org
    $113,760
    From related orgs
    $0
    Other
    $26,231
    Hours/week
    40

  • TINA PAREDES

    DIRECTOR OF ASSET MANAGEMENT

    Total calculated
    $127,530
    From this org
    $115,755
    From related orgs
    $0
    Other
    $11,775
    Hours/week
    40

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

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 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

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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 1A
AS APPROVED AND ENCOURAGED BY THE BOARD OF TRUSTESS, THE SPOUSE OF THE HEAD OF SCHOOLS ACCOMPANIES HIM TO CONFERENCES, FUNDRAISING TRIPS AND ALUMNI EVENTS. ON THE TRIPS, THE SPOUSE HELPS TO REPRESENT THE SCHOOLS.
PART I, LINE 4B
THE WEBB SCHOOLS FUND TWO 457(F) PLANS. AS DEFINED BY EMPLOYMENT CONTRACT, EACH PLAN HAS SPECIFIC CONTRIBUTION AND PAYMENT SCHEDULES, BASED ON CERTAIN EMPLOYMENT CRITERIA, LIKE THE LENGTH OF EMPLOYMENT OR MEETING PRE-DEFINED GOALS. FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2022 ONE DISTRIBUTION WAS MADE FOR ONE PARTICIPANT IN THE AMOUNT OF $125,000. FOR THE FISCAL YEAR ENDED JUNE 30, 2023 TWO DISTRIBUTIONS WERE MADE FOR ONE PARTICIPANT IN THE AMOUNTS OF $125,000 AND $250,000, RESPECTIVELY.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349306904

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