The Webs Foundation
- Assets
- $387.0k
- Revenue
- $83.7k
- Investments
- $344.4k
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 08/2015
- Data as of
- 12/2022
- 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 12/2022, Webs Foundation generated $83.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $53.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Webs Foundation has awarded 36 individual grants totaling $123,550. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abijohn Wagner Secretary | 0 | $0 | |
Lawrence Wagner Director | 1 | $0 | |
Annelisa Wagner Trustee | 0 | $0 | |
Jennifer Wagner Trustee | 0 | $0 | |
Anne Wagner Trustee | 0 | $0 | |
John Wagner Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $16,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,067 |
| Capital Gain Net Income | $12,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $516 |
| Total operating and administrative expenses | $6,456 |
| Contributions, gifts, grants paid | $46,500 |
| Total expenses and disbursements | $52,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,614 |
| 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 | $387,011 |
| 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 $46,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNH TECH CAMP PURPOSE: YOUTH OF COLOR STEM PROGRAM | $21,300 |
SUSU COMMUNITY FARM PURPOSE: ASSITANCE FOR SOCIAL JUSTICE PROGRAMS | $10,000 |
ROOT FOR SOCIAL JUSTICE PURPOSE: ASSISTANCE FOR SOCIAL JUSTICE PROGRAMS | $5,000 |
Somerville, MA PURPOSE: DISADVANTAGED WOMEN | $5,000 |
PORTSMOUTH MARINE CLUB PURPOSE: LOW INCOME YOUTH CAMP | $3,000 |
HONOR FLIGHT PURPOSE: VETERAN RECOGNITION | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chleck Family Foundation Inc West Newton, MA | $39,514,983 | $9,043,898 |
Doolittle Home Inc Foxborough, MA | $0 | $1,909,205 |
Intend Health Strategies Dedham, MA | $2,524,252 | $2,551,186 |
Ithrive Games Foundation Newton, MA | $669,746 | $1,237,681 |
Museum Of Russian Icons Inc Clinton, MA | $12,714,985 | $3,100,460 |
Standardsworks Inc Quincy, MA | $1,404,812 | $1,719,954 |
Hall Art Foundation Inc Reading, VT | $48,450,886 | $478,845 |
Stowe Swimmers Foundation Ltd Stowe, VT | $4,670,967 | $920,519 |
Forward Inc Boston, MA | $7,125,599 | $435,501 |
Myrin Institute Inc Great Barrington, MA | $15,923,059 | $847,094 |
Grand Circle Foundation Inc Boston, MA | $2,016,133 | $155,118 |
Heritage Plantation Of Sandwich Fund Boston, MA | $14,087,399 | $201,638 |