Webb School
- Assets
- $70.4m
- Revenue
- $18.6m
- Investments
- $20.5m
- Employees
- 190
- Location
- Bell Buckle, TN
- Founding
- 03/1951
- Data as of
- 06/2021
- EIN
- 62-0401875
Organization Overview
Webb School is located in Bell Buckle, TN. The organization was established in 1951. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Webb School employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webb School 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 06/2021, Webb School generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $15.2m during the year ending 06/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OLDEST CONTINUOUSLY OPERATING BOARDING SCHOOL IN THE SOUTH, EDUCATING GRADES 6-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WEBB SCHOOL HAS A 150-YEAR HISTORY OF EXCELLENCE IN SHAPING THE MINDS AND CHARACTERS OF STUDENTS IN GRADE 6-12. OUR SMALL PRIVATE BOARDING SCHOOL COMMUNITY IS COMPRISED OF 425 DAY AND BOARDING STUDENTS FROM 20 COUNTRIES AND 11 STATES. WE EMPHASIZE INDEPENDENT THINKING, CREATIVE INITIATIVE, PERSONAL INTEGRITY, AND CIVIC RESPONSIBILITY. A CHALLENGING ACADEMIC CURRICULUM INCLUDES WEBB'S SIGNATURE EMERGING VOICES PROGRAM, WHICH TEACHES STUDENTS THE VALUE OF PUBLIC SPEAKING AND WRITING. WEBB'S EXTENSIVE OUTDOOR PROGRAM, COMPETITIVE ATHLETIC TEAMS, AND TRAVEL ABROAD OPPORTUNITIES, ALSO HELP PREPARE GRADUATES FOR COLLEGE AND FOR LIFE. (CONTINUED ON SCHEDULE O.)
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 |
|---|---|---|---|
Kenneth Cheeseman Head Of School | Officer | 60 | $342,966 |
James Callis Associate Head Of School | Officer | 60 | $169,992 |
Vance Berry Chair | OfficerTrustee | 2 | $0 |
Farrar Schaeffer Vaughan Vice Chair | OfficerTrustee | 1 | $0 |
Ben Blakeley Trustee | Trustee | 1 | $0 |
Bill Hardin Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hawkins Price Renovations | 6/29/23 | $198,164 |
Sage Dining Services Food Service | 6/29/23 | $990,012 |
Servicefm Llc Janitorial Services | 6/29/23 | $276,149 |
The Budd Group Janitorial Services | 6/29/23 | $190,436 |
Roberts Lawn Service Lawn Service | 6/29/23 | $103,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,712,069 |
| Investment income | $3,637,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,118,087 |
| Net Income from Fundraising Events | $16,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,551,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,014,896 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $739,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,111,947 |
| Pension plan accruals and contributions | $238,408 |
| Other employee benefits | $789,378 |
| Payroll taxes | $391,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,900 |
| Fees for services: Accounting | $34,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $266,603 |
| Fees for services: Other | $136,240 |
| Advertising and promotion | $109,501 |
| Office expenses | $161,591 |
| Information technology | $2,998 |
| Royalties | $0 |
| Occupancy | $444,136 |
| Travel | $38,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,870 |
| Interest | $92,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $979,443 |
| Insurance | $130,640 |
| All other expenses | $0 |
| Total functional expenses | $15,163,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,825 |
| Savings and temporary cash investments | $1,000,824 |
| Pledges and grants receivable | $681,967 |
| Accounts receivable, net | $6,559,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,331 |
| Prepaid expenses and deferred charges | $83,331 |
| Investments—publicly traded securities | $26,337,462 |
| Investments—other securities | $20,465,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $380,027 |
| Total assets | $70,401,090 |
| Accounts payable and accrued expenses | $1,271,380 |
| Grants payable | $0 |
| Deferred revenue | $7,391,789 |
| Tax-exempt bond liabilities | $2,564,700 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $433,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $225,433 |
| Total liabilities | $11,887,288 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $58,513,802 |