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← WEBB SCHOOLS REAL ESTATE FUND

Form 990 for tax year 2022

Filed by WEBB SCHOOLS REAL ESTATE FUND.

Totals

Total revenue
$4,514
Total expenses
$3,170
Contributions and grants received
$3,170
Grants paid
$0
Program service revenue
$0
Investment income
$1,344
Other revenue
$0
Total assets, end of year
$470,000
Total liabilities, end of year
$2,053
Net assets or fund balances, end of year
$467,947
Program services expenses (Part IX)
$0
Management and general expenses
$3,170
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $3,170

  • 7a · Gross sales of assets other than inventory

    other assets $306,344

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

    other assets $305,000

  • 7c · Gain or loss

    other assets $1,344

  • 7d · Net gain or loss

    total $1,344 · excluded $1,344

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: ACCOUNTING FEES

    total $3,170 · management and general $3,170

Balance sheet

Part X, book values.

  • 15 · Other assets

    beginning of year $775,000 · end of year $470,000

  • 25 · Other liabilities

    beginning of year $70,728 · end of year $2,053

  • 28 · Net assets with donor restrictions

    beginning of year $704,272 · end of year $467,947

Mission and programs · 2022

Mission

THE REAL ESTATE TRUST RECEIVES GIFTS OF LAND, WHICH ARE IN TURN LIQUIDATED AND THE PROCEEDS TRANSFERRED TO THE WEBB SCHOOLS OR THE RAYMOND M. ALF MUSEUM OF PALEONTOLOGY IN SUPPORT OF THE DONOR'S INTENTION AND IN SUPPORT OF THE ORGANIZATION'S MISSION.

Activities or mission (Part I)

THE REAL ESTATE TRUST LIQUIDATES GIFTS OF LAND IN SUPPORT OF ITS RELATED ORGANIZATIONS' MISSIONS.

  • THE TRUST ACCEPTS GIFTS OF DONATED PROPERTY WITH THE INTENT OF SELLING THESE ASSETS AND TRANSFERRING THE PROCEEDS TO THE WEBB SCHOOLS OR THE RAYMOND M. ALF MUSEUM OF PALEONTOLOGY TO FURTHER THEIR CHARITABLE PURPOSE.

    Revenue $3,170

As filed on the 2022 return.

Listed in Part VII

  • Taylor B Stockdale

    TRUSTEE

    Total calculated
    $749,714
    From this org
    $0
    From related orgs
    $547,960
    Other
    $201,754
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,138 related
    Bonus
    $0 + $125,822 related
    Other
    $0
    Deferred
    $0 + $130,500 related
    Nontaxable benefits
    $0 + $71,254 related
    Filer's total
    $0 + $749,714 related

  • Janet K Peddy

    TRUSTEE

    Total calculated
    $309,185
    From this org
    $0
    From related orgs
    $269,477
    Other
    $39,708
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,793 related
    Bonus
    $0 + $12,500 related
    Other
    $0 + $4,184 related
    Deferred
    $0 + $25,279 related
    Nontaxable benefits
    $0 + $14,429 related
    Filer's total
    $0 + $309,185 related

  • Larry Ashton Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 7 related

  • David Myles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

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

  • 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 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 FISCAL YEAR ENDED JUNE 30, 2023 TWO DISTRIBUTIONS WERE MADE FOR ONE PARTICIPANT IN THE AMOUNT $125,000 AND $250,000. IN THE CALENDAR YEAR ENDED DECEMBER 31, 2022, ONE DISTRIBUTION WAS MADE TO ONE PARTICIPANT IN THE AMOUNT OF $125,000.

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
10 May 2024
IRS schema version
2022v5.0
Source object
202421359349307102

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