Rannie Webster Foundation
- Assets
- $20.0m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 219
- Location
- Rye, NH
- Founding
- 03/1977
- Data as of
- 08/2023
- EIN
- 02-0331198
Organization Overview
Rannie Webster Foundation is located in Rye, NH. The organization was established in 1977. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Rannie Webster Foundation employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rannie Webster Foundation 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 08/2023, Rannie Webster Foundation generated $14.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $16.0m during the year ending 08/2023. While expenses have increased by 4.8% per year over the past 7 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
THE MISSION OF THE RANNIE WEBSTER FOUNDATION, A NOT-FOR-PROFIT CHARITABLE FOUNDATION, IN CARRYING OUT THE WISHES OF THE LATE RANNIE WEBSTER, IS TO PROVIDE A CONTINUUM OF HOUSING AND HEALTHCARE SERVICES WITH AN EMPHASIS ON QUALITY OF LIFE AND QUALITY OF CARE IN AN ATMOSPHERE OF COMPASSION, DIGNITY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FACILITY FOR AGED AND/OR INFIRMED PERSONS COMPRISED OF 56 ASSISTED LIVING UNITS, 25 MEMORY CARE UNITS AND A 51 BED NURSING HOME. THE FACILITY SERVED AN AVERAGE OF 106 RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Timmerman Chairman | OfficerTrustee | 1 | $0 |
Charles Riopel Vice Chairman | OfficerTrustee | 1 | $0 |
Jeffrey Mitchell Secretary | OfficerTrustee | 1 | $0 |
Linda Toumpas Treasurer | OfficerTrustee | 1 | $0 |
Anne Cignoli Director (as Of 10/22) | Trustee | 1 | $0 |
Nancy Clayburgh Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mecare Staffing Llc Staffing Services | 8/30/23 | $1,085,163 |
Mepa Medical Services Staffing Services | 8/30/23 | $542,867 |
Powerback Rehabilitation Rehabilitation Services | 8/30/23 | $536,377 |
Careerstaff Unlimited Staffing Services | 8/30/23 | $283,621 |
Rock Medical Group Staffing Services | 8/30/23 | $147,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,271 |
| Total Program Service Revenue | $13,830,908 |
| Investment income | $71,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $224,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,821,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,241 |
| Compensation of current officers, directors, key employees. | $173,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,080,166 |
| Pension plan accruals and contributions | $100,841 |
| Other employee benefits | $570,261 |
| Payroll taxes | $468,233 |
| Fees for services: Management | $144,816 |
| Fees for services: Legal | $187,243 |
| Fees for services: Accounting | $64,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,232 |
| Fees for services: Other | $4,106,993 |
| Advertising and promotion | $122,296 |
| Office expenses | $19,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $638,368 |
| Travel | $47,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $617,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $854,596 |
| Insurance | $239,892 |
| All other expenses | $57,065 |
| Total functional expenses | $16,040,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $955,641 |
| Savings and temporary cash investments | $1,638,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,204,232 |
| 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 | $179,831 |
| Net Land, buildings, and equipment | $13,407,084 |
| Investments—publicly traded securities | $2,577,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,500 |
| Total assets | $19,999,546 |
| Accounts payable and accrued expenses | $1,527,389 |
| Grants payable | $0 |
| Deferred revenue | $726,035 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,917 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,273,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $177,403 |
| Total liabilities | $17,732,725 |
| Net assets without donor restrictions | -$84,885 |
| Net assets with donor restrictions | $2,351,706 |
| 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 | $19,999,546 |