The Webs Foundation
- Assets
- $344.2k
- Revenue
- $60.4k
- Investments
- $311.1k
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-1940623
Organization Overview
The Webs Foundation is located in Portsmouth, NH. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webs 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 12/2023, Webs Foundation generated $60.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $59.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Webs Foundation has awarded 29 individual grants totaling $141,650. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DWSA STEAM ACADEMY: OPERATED THE DINAH WHIPPLE STEAM ACADEMY WHICH SEEKS TO INSPIRE YOUNG PEOPLE TO ENTER THE STEAM PIPELINE AND ULTIMATELY PURSUE STEAM-RELATED CAREERS BY PROVIDING TO STUDENTS AND THEIR TEACHERS EXPERIENTIAL OPPORTUNITIES AS WELL AS THE BLACK EXPERIENCE WITH REGULAR FREQUENCY THROUGHOUT THE MIDDLE AND HIGH SCHOOL YEARS. STUDENTS CONNECT WITH A PANEL OF BLACK PROFESSIONALS IN THE ENGINEERING FIELD AND LEARN FROM THEIR EXPERIENCES.
MANCHESTER EARLY LEARNING CENTER: FUNDING FOR AN AFTER-SCHOOL PROGRAM FOR STUDENTS WHO WERE NOT OTHERWISE ELIGIBLE FOR THIS PROGRAM.
THE ROOT SOCIAL JUSTICE CENTER: THIS DONATION WAS MADE TO A VERMONT-BASED POC-LED NONPROFIT ORGANIZATION FOCUSED ON RACIAL JUSTICE ORGANIZING COMMUNITY ADVOCACY AND RELATIONSHIP-BUILDING THROUGH OUR PROGRAMMING ACTIONS AND LOCAL INITIATIVES
THE SUSU COMMUNITY FARM: DONATION MADE TO AN AFRO-INDIGENOUS STEWARDED FARM AND LAND-BASED HEALING CENTER IN SOUTHERN VERMONT THAT ELEVATES VERMONT'S LAND AND FOODWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Wagner Tres | 1 | $0 | |
Abijohn Wagner Secretary | 0 | $0 | |
Annelisa Wagner Trustee | 0 | $0 | |
Anne Wagner Trustee | 0 | $0 | |
Jennifer Wagner Director | 1 | $0 | |
Jane Wagner Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,040 |
| Total operating and administrative expenses | $5,683 |
| Contributions, gifts, grants paid | $53,800 |
| Total expenses and disbursements | $59,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,131 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $344,233 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Webs Foundation has awarded $53,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ROOT FOR SOCIAL JUSTICE PURPOSE: GENERAL SUPPORT OF PROGRAMS | $5,000 |
UNH TECH CAMP PURPOSE: STEM SUMMER CAMP FOR MINORITY YOUTH | $25,000 |
SUSU COMMUNITY FARM PURPOSE: SUPPORT PROGRAM FOR BLACK INDIGENOUS AND PEOPLE OF COLOR IN VT. | $5,000 |
MIL MILAGROS PURPOSE: SUPPORT OF PROGRAMS | $5,000 |
MELC PURPOSE: SUPPORT AFTER-SCHOOL PROGRAM | $10,000 |
ACLU PURPOSE: SUPPORT FOR SUMMER YOUTH CAMP. | $3,000 |