Webster House
- Assets
- $8.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 53
- Location
- Manchester, NH
- Founding
- 08/1942
- Data as of
- 12/2023
- EIN
- 02-0223334
Organization Overview
Webster House is located in Manchester, NH. The organization was established in 1942. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2023, Webster House employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster House is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Webster House generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE, SUPPORTIVE HOME FOR CHILDREN WHO ARE UNABLE TO LIVE AT HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOARD AND CARE: FOOD, CLOTHING, SHELTER AND GUIDANCE TO AN AVERAGE OF NINE CHILDREN IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Janes Hoag President | OfficerTrustee | 2 | $0 |
Andrew Switzer Vice Preside | OfficerTrustee | 2 | $0 |
Matt Vasil Treasurer | OfficerTrustee | 2 | $0 |
Kristin Faxon Secretary | OfficerTrustee | 2 | $0 |
Jerry Bourassa Board Member | Trustee | 1.5 | $0 |
Anne Marie Hafeman Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,698 |
| Related organizations | $0 |
| Government grants | $44,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,262 |
| Noncash contributions included in lines 1a–1f | $47,453 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $540,701 |
| Total Program Service Revenue | $2,161,400 |
| Investment income | $199,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,115 |
| Net Income from Fundraising Events | $9,852 |
| Net Income from Gaming Activities | $58,165 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,079,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,577 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,612 |
| Compensation of current officers, directors, key employees. | $79,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,381,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,838 |
| Payroll taxes | $126,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,524 |
| Fees for services: Accounting | $61,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,850 |
| Fees for services: Other | $12,970 |
| Advertising and promotion | $1,077 |
| Office expenses | $39,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,101 |
| Travel | $11,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,479 |
| Interest | $1,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,435 |
| Insurance | $43,520 |
| All other expenses | $0 |
| Total functional expenses | $2,349,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,249 |
| Savings and temporary cash investments | $3,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,792 |
| Net Land, buildings, and equipment | $753,848 |
| Investments—publicly traded securities | $6,603,053 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $189,072 |
| Total assets | $8,238,781 |
| Accounts payable and accrued expenses | $109,896 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $271,521 |
| Other liabilities | $0 |
| Total liabilities | $381,417 |
| Net assets without donor restrictions | $2,419,302 |
| Net assets with donor restrictions | $5,438,062 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,238,781 |