Webb School Of Knoxville
- Assets
- $140.8m
- Revenue
- $30.3m
- Investments
- $0.0
- Employees
- 405
- Location
- Knoxville, TN
- Founding
- 10/1957
- Data as of
- 05/2023
- EIN
- 62-0550980
Organization Overview
Webb School Of Knoxville is located in Knoxville, TN. The organization was established in 1957. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Webb School Of Knoxville employed 405 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webb School Of Knoxville 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 05/2023, Webb School Of Knoxville generated $30.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $29.2m during the year ending 05/2023. While expenses have increased by 3.5% per year over the past 8 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
WE ARE A PRIVATE EDUCATIONAL FACILITY PROVIDING EDUCATIONAL SERVICES FOR GRADES PRE-K THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
STUDENT ACTIVITIES-ATHLETICS, TRIPS, SPECIAL EVENTS
CLASS RELATED AND OTHER; INSTRUCTIONAL MATERIALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcbrien President | Officer | 40 | $500,072 |
Adam Braude Financial Se | 40 | $172,103 | |
Matthew Macdonald Upper School | Officer | 40 | $154,079 |
David Meske Athetic Dire | Officer | 40 | $135,870 |
Jennifer Phillips Middle Schoo | Officer | 40 | $132,885 |
Hugh B Nystrom Development | Officer | 40 | $128,262 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baseline Sports Construction | 5/30/23 | $1,298,264 |
Blaine Construction Construction | 5/30/23 | $1,414,782 |
Sodexo Food Service | 5/30/23 | $1,253,086 |
Mccarty Holsaple Architects Architect | 5/30/23 | $614,722 |
Lenoir City Utilities Board Utilities | 5/30/23 | $473,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,747,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,990,386 |
| Total Program Service Revenue | $25,628,053 |
| Investment income | $398,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,657 |
| Net Income from Fundraising Events | $52,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,259,351 |
| 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. | $1,746,320 |
| Compensation of current officers, directors, key employees. | $52,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,537,030 |
| Pension plan accruals and contributions | $1,356,273 |
| Other employee benefits | $1,678,104 |
| Payroll taxes | $1,783,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,098 |
| Advertising and promotion | $115,546 |
| Office expenses | $0 |
| Information technology | $100,520 |
| Royalties | $0 |
| Occupancy | $711,808 |
| Travel | $176,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $426,775 |
| Interest | $1,424,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,173,252 |
| Insurance | $207,870 |
| All other expenses | $1,029,165 |
| Total functional expenses | $29,170,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,940,731 |
| Pledges and grants receivable | $3,120,188 |
| Accounts receivable, net | $4,620,275 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $221,065 |
| Prepaid expenses and deferred charges | $25,837 |
| Net Land, buildings, and equipment | $56,616,361 |
| Investments—publicly traded securities | $61,676,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $109,487 |
| Other assets | $491,996 |
| Total assets | $140,822,418 |
| Accounts payable and accrued expenses | $2,764,413 |
| Grants payable | $0 |
| Deferred revenue | $1,690,689 |
| Tax-exempt bond liabilities | $62,335,765 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,017,112 |
| Total liabilities | $67,807,979 |
| Net assets without donor restrictions | $67,432,893 |
| Net assets with donor restrictions | $5,581,546 |
| 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 | $140,822,418 |