Webb School
- Assets
- $70.4m
- Revenue
- $18.6m
- Investments
- $20.5m
- Employees
- 155
- 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 06/2021, Webb School employed 155 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 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $15.2m during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
THE WEBB SCHOOL HAS A 150-YEAR HISTORY OF EXCELLENCE IN SHAPING THE MINDS AND CHARACTERS OF STUDENTS IN GRADES 6-12. OUR SMALL PRIVATE BOARDING SCHOOL COMMUNITY IS COMPRISED OF 406 DAY AND BOARDING STUDENTS FROM 23 COUNTRIES AND 15 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. WEBB AWARDS ABOUT $4 MILLION IN FINANCIAL AID AND SCHOLARSHIPS TO DESERVING STUDENTS THANKS TO THE GENEROUS SUPPORT OF ALUMNI, FAMILY AND FRIENDS OF THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Broadhead Headmaster - End June 2020 | Officer | 50 | $235,583 |
Kenneth Cheeseman Headmaster - Start June 2020 | Officer | 50 | $175,152 |
Joe Iorio Asst Headmaster - End Feb 2020 | Officer | 45 | $122,499 |
Jim Callis Asst Headmaster - Start June 2020 | Officer | 45 | $89,612 |
Drew Carrington Vice Chair | OfficerTrustee | 1 | $0 |
Vance Berry Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Food Service | 6/29/21 | $507,104 |
Dennis Haddcock Repair/renovation | 6/29/21 | $176,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $712,069 |
| Noncash contributions included in lines 1a–1f | $137,072 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,712,069 |
| Total Program Service Revenue | $10,865,498 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $512,017 |
| 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 | $856,343 |
| 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 |
| Net Land, buildings, and equipment | $14,768,332 |
| 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 | $20,419,136 |
| Net assets with donor restrictions | $38,094,666 |
| 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 | $70,401,090 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Webb School has recieved totaling $193,974.
| Awarding Organization | Amount |
|---|---|
Gilliland Family Fund Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $50,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $30,000 |
M Austin Davis Foundation Inc Jacksonville, FL PURPOSE: UNSPECIFIED | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $20,000 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $15,470 |
Endowment Analysis
| Beg. Balance | $37,344,199 |
| Earnings | $12,672,146 |
| Net Contributions | $352,666 |
| Other Expense | $2,166,308 |
| Ending Balance | $48,202,703 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
E-Stem High Public Charter Schools Inc Little Rock, AR | $3,447,253 | $31,404,379 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
Riverside Military Academy Inc Gainesville, GA | $79,257,666 | $23,072,082 |