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Nonprofiteer
← THE WEBB SCHOOLS

Form 990 for tax year 2024

Filed by THE WEBB SCHOOLS.

Totals

Total revenue
$40,198,878
Total expenses
$36,619,761
Contributions and grants received
$6,593,748
Grants paid
$6,646,298
Program service revenue
$30,013,122
Investment income
$3,558,707
Other revenue
$33,301
Total assets, end of year
$129,869,287
Total liabilities, end of year
$18,537,577
Net assets or fund balances, end of year
$111,331,710
Program services expenses (Part IX)
$26,369,856
Management and general expenses
$7,642,163
Fundraising expenses
$2,607,742
Program service expenses (Part III)
$26,369,856

Program services were 72.0% 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.

  • 1f · All other contributions, gifts and grants

    $6,593,748

  • 1g · Noncash contributions included above

    $3,037,980

  • 2a · Program service revenue: TUITION AND FEES

    total $30,013,122 · related or exempt $30,013,122

  • 3 · Investment income

    total $2,805,918 · excluded $2,805,918

  • 6a · Gross rents

    real property $6,600

  • 6b · Less rental expenses

    real property $198

  • 6c · Rental income or loss

    real property $6,402

  • 6d · Net rental income or loss

    total $6,402 · excluded $6,402

  • 7a · Gross sales of assets other than inventory

    securities $699,635 · other assets $70,526

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

    securities $4,869 · other assets $12,503

  • 7c · Gain or loss

    securities $694,766 · other assets $58,023

  • 7d · Net gain or loss

    total $752,789 · excluded $752,789

  • 10a · Gross sales of inventory

    $68,392

  • 10b · Cost of goods sold

    $74,014

  • 10c · Net income from sales of inventory

    total -$5,622 · excluded -$5,622

  • 11a · Other revenue: MISCELLANEOUS

    total $32,521 · related or exempt $3,140 · excluded $29,381

  • 11e · Other revenue, total

    $32,521

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,646,298 · program services $6,646,298

  • 5 · Compensation of officers, directors and key employees

    total $1,636,950 · program services $335,722 · management and general $1,261,125 · fundraising $40,103

  • 7 · Other salaries and wages

    total $11,276,747 · program services $8,063,494 · management and general $1,779,564 · fundraising $1,433,689

  • 8 · Pension plan contributions

    total $758,851 · program services $573,768 · management and general $82,941 · fundraising $102,142

  • 9 · Other employee benefits

    total $2,474,899 · program services $1,561,364 · management and general $750,343 · fundraising $163,192

  • 10 · Payroll taxes

    total $895,537 · program services $616,931 · management and general $182,054 · fundraising $96,552

  • 11a · Fees: management

    total $456,787 · program services $132,268 · management and general $324,519

  • 11b · Fees: legal

    total $101,973 · management and general $98,323 · fundraising $3,650

  • 11c · Fees: accounting

    total $179,444 · management and general $179,444

  • 11g · Fees: other

    total $970,621 · program services $754,419 · management and general $216,134 · fundraising $68

  • 12 · Advertising and promotion

    total $455,007 · management and general $425,283 · fundraising $29,724

  • 13 · Office expenses

    total $217,516 · program services $32,870 · management and general $158,226 · fundraising $26,420

  • 14 · Information technology

    total $1,217,547 · program services $726,740 · management and general $414,591 · fundraising $76,216

  • 16 · Occupancy

    total $2,405,296 · program services $1,622,306 · management and general $765,356 · fundraising $17,634

  • 17 · Travel

    total $593,329 · program services $269,663 · management and general $196,214 · fundraising $127,452

  • 19 · Conferences, conventions and meetings

    total $242,487 · program services $140,285 · management and general $90,205 · fundraising $11,997

  • 22 · Depreciation, depletion and amortization

    total $1,743,423 · program services $1,693,800 · management and general $31,212 · fundraising $18,411

  • 23 · Insurance

    total $830,462 · program services $662,281 · management and general $135,657 · fundraising $32,524

  • 24a · Other expenses: OTHER STUDENT PROGRAMS

    total $871,767 · program services $871,767

  • 24b · Other expenses: INSTRUCTIONAL MATERIALS

    total $842,439 · program services $842,439

  • 24c · Other expenses: STUDENT SUPPORT SERVICE

    total $822,153 · program services $822,153

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $424,621 · fundraising $424,621

  • 24e · All other expenses

    total $555,607 · program services $1,288 · management and general $550,972 · fundraising $3,347

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,810,545 · end of year $2,522,257

  • 2 · Savings and temporary cash investments

    beginning of year $12,840,908 · end of year $15,444,781

  • 3 · Pledges and grants receivable

    beginning of year $3,618,194 · end of year $3,396,199

  • 4 · Accounts receivable

    beginning of year $899,753 · end of year $651,816

  • 8 · Inventories for sale or use

    beginning of year $47,279 · end of year $63,699

  • 9 · Prepaid expenses and deferred charges

    beginning of year $636,060 · end of year $374,139

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

    $70,155,155

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

    $34,137,002

  • 10c · Land, buildings and equipment, net

    beginning of year $34,725,159 · end of year $36,018,153

  • 11 · Investments: publicly traded securities

    beginning of year $48,174,797 · end of year $53,950,077

  • 12 · Investments: other securities

    beginning of year $13,234,486 · end of year $14,450,629

  • 15 · Other assets

    beginning of year $2,868,840 · end of year $2,997,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,405,774 · end of year $2,418,859

  • 19 · Deferred revenue

    beginning of year $4,041,096 · end of year $3,367,395

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,318,238 · end of year $12,115,683

  • 25 · Other liabilities

    beginning of year $283,009 · end of year $635,640

  • 27 · Net assets without donor restrictions

    beginning of year $48,119,666 · end of year $49,718,206

  • 28 · Net assets with donor restrictions

    beginning of year $54,688,238 · end of year $61,613,504

Mission and programs · 2024

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 403 STUDENTS.

    Expenses $26,369,856 · Grants $6,646,298 · Revenue $30,016,262

As filed on the 2024 return.

Listed in Part VII

  • THERESA SMITH PHD

    EX-OFF TTE, HEAD OF SCH, P

    Total calculated
    $385,374
    From this org
    $349,958
    From related orgs
    $0
    Other
    $35,416
    Hours/week
    40.25 + 4 related

    Schedule J breakdown matched by us

    Base
    $349,958
    Bonus
    $0
    Other
    $0
    Deferred
    $34,000
    Nontaxable benefits
    $1,416
    Filer's total
    $385,374

  • JANET K PEDDY

    CFO, ASST SECRETARY (THRU 7/2024)

    Total calculated
    $319,188
    From this org
    $294,235
    From related orgs
    $0
    Other
    $24,953
    Hours/week
    40.25 + 8 related

    Schedule J breakdown matched by us

    Base
    $294,235
    Bonus
    $0
    Other
    $0
    Deferred
    $14,553
    Nontaxable benefits
    $10,400
    Filer's total
    $319,188

  • SANJIV DHOLAKIA

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    10.25 + 1 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

  • TAMMIE BRAILSFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATHY CHEN LIU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RAHMI MOWJOOD DO

    TRUSTEE, VP, SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • JESSICA GUPTA

    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

  • DAKOTA SANTANA-GRACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LANCE WILLIAMS

    TRUSTEE & COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LARRY ASHTON

    TRUSTEE, MUSEUM BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 5.25 related

  • ANDREW PAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JORDAN TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SANDRA LEE REBISH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LEANNE SCHWEITZER

    CFO (START 9/2024)

    Total calculated
    $93,199
    From this org
    $93,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JAMILA EVERETT PHD

    DIR OF ADMISSION AND FINAN

    Total calculated
    $277,906
    From this org
    $247,689
    From related orgs
    $0
    Other
    $30,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,689
    Bonus
    $0
    Other
    $0
    Deferred
    $19,866
    Nontaxable benefits
    $10,351
    Filer's total
    $277,906

  • ROBERT FASS

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $262,918
    From this org
    $216,995
    From related orgs
    $0
    Other
    $45,923
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $216,995
    Bonus
    $0
    Other
    $0
    Deferred
    $21,957
    Nontaxable benefits
    $23,966
    Filer's total
    $262,918

  • MICHAEL HOE

    ASSISTANT HEAD OF SCHOOLS

    Total calculated
    $231,734
    From this org
    $200,304
    From related orgs
    $0
    Other
    $31,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,304
    Bonus
    $0
    Other
    $0
    Deferred
    $16,400
    Nontaxable benefits
    $15,030
    Filer's total
    $231,734

  • TAYLOR B STOCKDALE

    HEAD EMERITUS

    Total calculated
    $405,752
    From this org
    $351,728
    From related orgs
    $0
    Other
    $54,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,728
    Bonus
    $0
    Other
    $0
    Deferred
    $34,500
    Nontaxable benefits
    $19,524
    Filer's total
    $405,752

  • HECTOR MARTINEZ

    DEAN OF COLLEGE GUIDANCE

    Total calculated
    $210,858
    From this org
    $169,536
    From related orgs
    $0
    Other
    $41,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,536
    Bonus
    $0
    Other
    $0
    Deferred
    $17,013
    Nontaxable benefits
    $24,309
    Filer's total
    $210,858

  • SUSAN CARPENTER

    DIRECTOR OF STRATEGIC COMMUNICATION

    Total calculated
    $201,123
    From this org
    $176,381
    From related orgs
    $0
    Other
    $24,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,381
    Bonus
    $0
    Other
    $0
    Deferred
    $10,815
    Nontaxable benefits
    $13,927
    Filer's total
    $201,123

  • CAROLINA PANGILINAN

    CONTROLLER

    Total calculated
    $183,990
    From this org
    $150,454
    From related orgs
    $0
    Other
    $33,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,454
    Bonus
    $0
    Other
    $0
    Deferred
    $15,036
    Nontaxable benefits
    $18,500
    Filer's total
    $183,990

  • MICHELLE VEGA

    DIRECTOR OF HUMAN RESOURCE

    Total calculated
    $161,383
    From this org
    $144,635
    From related orgs
    $0
    Other
    $16,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,635
    Bonus
    $0
    Other
    $0
    Deferred
    $8,825
    Nontaxable benefits
    $7,923
    Filer's total
    $161,383

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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202611319349304801

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