2024-11-14T16:45:19-06:00 2024-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2023-07-01 620401875 THE WEBB SCHOOL % KENNETH CHEESEMAN WEBB 9313899322 PO BOX 488 BELL BUCKLE TN 37020 KENNETH CHEESEMAN HEAD OF SCHOOL 9313899322 2024-11-15 true true SABRE J LINAHAN P01372980 4048746244 2024-11-15 2023 2024-10-15 13:58:12Z KENNETH CHEESEMAN PO BOX 488 BELL BUCKLE TN 37020 23579487 false X www.thewebbschool.com X 1921 TN THE OLDEST CONTINUOUSLY OPERATING BOARDING SCHOOL IN THE SOUTH, EDUCATING GRADES 6-12. 23 23 185 30 -45210 0 876779 1384301 14715762 14805645 778114 907873 256866 186209 16627521 17284028 4598224 4323803 0 0 8492042 8913945 0 0 1028251 7475394 7545170 20565660 20782918 -3938139 -3498890 67138612 66014362 19716428 19945792 47422184 46068570 X TO TURN OUT YOUNG PEOPLE WHO ARE TIRELESS WORKERS, AND WHO KNOW HOW TO WORK EFFECTIVELY; WHO ARE ACCURATE SCHOLARS; WHO KNOW THE FINER POINTS OF MORALS AND PRACTICE THEM IN THEIR DAILY LIVING; WHO ARE ALWAYS COURTEOUS. false false 15217827 4323803 14906110 THE WEBB SCHOOL HAS A 154-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 17 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.) 15217827 true true false false false false false false true true true false false true true true false true false true false true false true false false false true true false false false false false false false false true false false false false true false false true 74 0 true 185 true true true false false false false true true false false false false false false X 23 23 false false false false false false false true true false false true true true true true true true true false TN X KENNETH CHEESEMAN 9313899322 319 HWY 82 BELL BUCKLE TN 370200488 X KENNETH CHEESEMAN HEAD OF SCHOOL 60.0 0.0 X 361205 0 66327 JAMES CALLIS ASSOCIATE HEAD OF SCHOOL 60.0 0.0 X 203854 0 57246 NICOLE TAUCARE ASST HEAD FOR ACADEMIC & ARTS 50.0 0.0 X 103957 0 54303 TABETHA SULLENS ASSOCIATE HEAD OF ENROLLMENT 50.0 0.0 X 100752 0 24696 LEIGH ADAMS DIRECTOR OF DEVELOPMENT 50.0 0.0 X 100666 0 11399 BEN BLAKELY TRUSTEE 1.0 0.0 X 0 0 0 BILL HARDIN TRUSTEE 1.0 0.0 X 0 0 0 CHASE SPURLOCK TRUSTEE 1.0 0.0 X 0 0 0 DREW CARRINGTON TRUSTEE 1.0 0.0 X 0 0 0 EFFIE JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 EVAN COPE TRUSTEE 1.0 0.0 X 0 0 0 FARRAR SCHAEFFER VAUGHAN TRUSTEE 1.0 0.0 X 0 0 0 GERALD FOLLIN III TRUSTEE 1.0 0.0 X 0 0 0 GWEN OWEN TRUSTEE 1.0 0.0 X 0 0 0 H LEE WOOSLEY III TRUSTEE 1.0 0.0 X 0 0 0 HUDSON BYRD TRUSTEE 1.0 0.0 X 0 0 0 JEFF WHORLEY TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY HOWARD TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH MOONEY TRUSTEE 1.0 0.0 X 0 0 0 KEITH BARTON TRUSTEE 1.0 0.0 X 0 0 0 LIZA PALMER GIPSON TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW LAYMAN TRUSTEE 1.0 0.0 X 0 0 0 MELORA TURNER TRUSTEE 1.0 0.0 X 0 0 0 OLLY WANG TRUSTEE 1.0 0.0 X 0 0 0 PAUL JENNINGS TRUSTEE 1.0 0.0 X 0 0 0 SAM LASSETER TRUSTEE 1.0 0.0 X 0 0 0 SANDI PUETT TRUSTEE 1.0 0.0 X 0 0 0 SCOTT CRICHTON TRUSTEE 1.0 0.0 X 0 0 0 TOM COOPER TRUSTEE 1.0 0.0 X 0 0 0 870434 0 213971 5 false true false SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 FOOD SERVICE 2059624 THE BUDD GROUP 2525 PERIMETER PLACE DR STE 106 NASHVILLE TN 37214 JANITORIAL SERVICES 1274727 JHS BUILD LLC 116 HAPPY VALLEY RD BELL BUCKLE TN 37020 BUILDING & REMODEL 423990 ROBERTS LAWN SERVICES PO BOX 16 WARTRACE TN 37183 LAWN SERVICE 182000 SERVPRO OF BEDFORD COUNTY 1515 BARTLETT DR MANCHESTER TN 37355 FLOOD CLEAN UP 107773 6 44523 1339778 161444 1384301 TUITION & FEES 611110 14526698 14526698 PARENT ASSOCIATION INCOME 611710 231367 231367 AUXILIARY ENTERPRISES & ACTIVITIES 900099 47580 47580 14805645 385442 -45210 430652 0 0 47778 47778 0 47778 47778 6758047 17318 6245181 7753 512866 9565 522431 522431 80491 44523 42525 37966 37966 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 100465 100465 100465 17284028 14906110 -45210 1038827 0 2706165 2706165 1617638 1617638 0 665007 411972 219785 33250 0 6440993 3990196 2129029 321768 335555 208058 110719 16778 977834 711552 231239 35043 494556 306625 163203 24728 0 15712 15712 108929 108929 0 0 238213 238213 1631760 1042043 179180 410537 158589 4758 118941 34890 558126 408176 103574 46376 0 0 1429643 809940 602285 17418 186403 106250 41008 39145 0 0 567609 499496 56761 11352 0 1268432 1116220 126843 25369 221535 194951 22153 4431 MEALS & CATERING 929478 929478 BAD DEBT 82400 81576 824 PROFESSOR DEVELOPMENT 78312 45421 31325 1566 DUES & SUBSCRIPTIONS 70029 27312 37117 5600 20782918 15217827 4536840 1028251 X 355884 198381 1651575 273152 196345 71506 8173205 6313619 0 0 0 0 0 0 47257 49896 86742 117469 38405695 21173026 16885469 17232669 19652308 19402525 19727177 21971207 0 0 0 0 362650 383938 67138612 66014362 767885 1240538 0 0 9287831 7776904 0 0 0 0 0 0 9106452 10580790 0 0 554260 347560 19716428 19945792 X 13371342 11794034 34050842 34274536 47422184 46068570 67138612 66014362 X -3498890 2144581 -20593 21288 X X false true X true false X 2336998 1712069 1326122 876779 1384301 7636269 0 0 2336998 1712069 1326122 876779 1384301 7636269 241812 7394457 1064749 3637070 9916 666014 433220 5810969 50018 16029 185023 73894 0 324964 0 0 149251 0 37966 187217 13959419 64684844 0.52971 0.50923 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41015156 298888 2754749 2434043 41634750 39734662 439132 2713495 1872133 41015156 48202703 573125 -5939600 3101566 39734662 37344199 352666 12672146 2166308 48202703 34034301 1549240 1060658 700000 35944199 0.18650 0.81350 true false 106884 106884 29605286 17208074 12397212 0 3668350 3117955 550395 5025175 846997 4178178 17232669 COLLECTIVE INVESTMENT TRUST 2699208 F LIMITED PARTNERSHIPS 8864165 F PRIVATE EQUITY & DEBT SECURITY 4903665 F REAL ASSETS 4245312 F INTERNATIONAL BOND FUND 1210464 F LAND 38335 C OTHER 10058 C 21971207 0 DEFERRED COMPENSATION 21265 AGENCY FUNDS 326295 347560 X 14909813 2144581 2144581 12765232 238213 4280583 4518796 17284028 16263427 16263427 238213 4281278 4519491 20782918 SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT FUND IS USED TO HELP SUPPORT THE OPERATIONS OF THE SCHOOL. IT IS SUBJECT TO A POLICY WHEREBY THE ANNUAL WITHDRAWAL FROM THE FUND IS CAPPED AT 4.50%. SCHEDULE D, PART X, LINE 2 THE SCHOOL IS RECOGNIZED AS A ORGANIZATION EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO INCOME TAXES. THE SCHOOL'S UNRELATED BUSINESS INCOME IS NOT SIGNIFICANT. THE SCHOOL ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE SCHOOL TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. AS OF JUNE 30, 2024 AND 2023, THE SCHOOL DID NOT RECOGNIZE LIABILITIES FOR UNCERTAIN TAX POSITIONS OR ASSOCIATED INTEREST AND PENALTIES. IN GENERAL, THE SCHOOL IS NO LONGER SUBJECT TO TAX EXAMINATION FOR THE TAX YEARS ENDED BEFORE JUNE 30, 2021. SCHEDULE D, PART XI, LINE 4B 20,593 BAD DEBT EXPENSES (42,525) FUNDRAISING EXPENSES (21,288) SPLIT INTEREST AGREEMENT 4,323,803 FINANCIAL AID ----------- 4,280,583 TOTAL SCHEDULE D, PART XII, LINE 4B (42,525) FUNDRAISING EXPENSES 4,323,803 FINANCIAL AID ----------- 4,281,278 TOTAL true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES THE NONDISCRIMINATION POLICY IN THE LOCAL NEWSPAPER IN THE FALL EACH YEAR AND IN THE SCHOOL PUBLICATIONS AND THE POLICY IS ALSO POSTED ON THE SCHOOL'S WEBSITE. true Central America and the Caribbean 0 0 Grantmaking FINANCIAL AID 686775 East Asia and the Pacific 0 0 Grantmaking FINANCIAL AID 59700 Europe (Including Iceland and Greenland) 0 0 Grantmaking FINANCIAL AID 506052 Middle East and North Africa 0 0 Grantmaking FINANCIAL AID 54711 North America 0 0 Grantmaking FINANCIAL AID 198900 Russia and the Newly Independent States 0 0 Grantmaking FINANCIAL AID 47600 Sub-Saharan Africa 0 0 Grantmaking FINANCIAL AID 63900 East Asia and the Pacific 0 0 Fundraising FOREIGN FUNDRAISING 30854 Central America and the Caribbean 0 0 Investments INVESTMENT FUNDS 9323510 0 0 0 0 10972002 10972002 FINANCIAL AID Central America and the Caribbean 22 686775 FINANCIAL AID FMV FINANCIAL AID East Asia and the Pacific 4 59700 FINANCIAL AID FMV FINANCIAL AID Europe (Including Iceland and Greenland) 13 506052 FINANCIAL AID FMV FINANCIAL AID Middle East and North Africa 1 54711 FINANCIAL AID FMV FINANCIAL AID North America 4 198900 FINANCIAL AID FMV FINANCIAL AID Russia and the Newly Independent States 2 47600 FINANCIAL AID FMV FINANCIAL AID Sub-Saharan Africa 1 63900 FINANCIAL AID FMV true false false true true false SCHEDULE F, PART IV, LINE 1 WEBB SCHOOL (THE ORGANIZATION) IS AN INVESTOR IN ONE OR MORE PARTNERSHIPS THAT MADE TRANSFERS TO FOREIGN CORPORATIONS DURING THE YEAR. THE ORGANIZATION MEETS THE FILING EXCEPTIONS UNDER SECTION 367(A) HOWEVER AND IS NOT REQUIRED TO FILE FORM 926 FOR THE CURRENT YEAR. SCHEDULE F, PART IV, LINE 5 WEBB SCHOOL (THE ORGANIZATION) IS AN INVESTOR IN ONE OR MORE FOREIGN PARTNERSHIPS DURING THE YEAR. THE ORGANIZATION HAS LESS THAN 10% OWNERSHIP IN THE FOREIGN PARTNERSHIPS AND HAD NO TRANSFERS OF PROPERTY DURING THE YEAR AND IS NOT REQUIRED TO FILE FORM 8865. WSPA BELLES 107789 40023 67766 12850 20401 3078 4696 CRAFT FAIR 17225 4500 12725 1500 0 125014 44523 80491 12850 20401 3078 6196 42525 37966 true FINANCIAL AID 213 2706165 FMV FINANCIAL AID SCHEDULE I, PART I, LINE 2 THE SCHOOL USES A THIRD-PARTY SCHOOL STUDENT SERVICES (SSS) TO DETERMINE FINANCIAL NEED. PARENTS MUST GO TO SSS'S WEBSITE TO APPLY ONLINE. SSS STARTS PROCESSING APPLICATIONS IN OCTOBER FOR THE FOLLOWING SCHOOL YEAR. APPLICATIONS FOR FINANCIAL AID MUST BE FILED BY FEBRUARY FOR THE NEXT SCHOOL YEAR. THE SCHOOL REQUIRES APPLICANTS TO SUBMIT THE FAMILY'S MOST RECENT TAX FORMS, W-2 FORMS, AND ANY ADDITIONAL DOCUMENTS THAT ARE FILED WITH THEIR TAX RETURN. AFTER AN EVALUATION OF ALL SUBMITTED INFORMATION, THE SCHOOL MAY REQUEST ADDITIONAL INFORMATION. THE SCHOOL DETERMINES FINANCIAL AID AWARDS BASED ON THE PARENT'S FINANCIAL STATEMENT, WHICH IS VERIFIED AGAINST THEIR TAX RETURN. ONCE A CHILD HAS BEEN ACCEPTED, THE PARENT'S FINANCIAL STATEMENT IS REVIEWED BY THE FINANCIAL AID COMMITTEE. THE COMMITTEE WILL ALSO CONSIDER THE POTENTIAL FOR INCOME TO BE EARNED BY A NON-WORKING PARENT. THE DECISION FOR AN AWARD IS BASED ON THE AFFORDABILITY DETERMINED BY THE PARENT'S FINANCIAL STATEMENT AND THE FUNDS AVAILABLE IN THE SCHOOL'S BUDGET. FINANCIAL AID AWARDED IS ENTERED AS A CREDIT INTO THE STUDENT'S ACCOUNT. NO FURTHER MONITORING OF THE FUNDS IS REQUIRED AFTER THIS POINT. X X false true X X X X false false false false false false false true false KENNETH CHEESEMAN HEAD OF SCHOOL 334950 25020 1235 16809 52854 430868 0 JAMES CALLIS ASSOCIATE HEAD OF SCHOOL 201601 1018 1235 10142 48008 262004 0 NICOLE TAUCARE ASST HEAD FOR ACADEMIC & ARTS 102712 1245 0 5136 49779 158872 0 SCHEDULE J, PART I, LINE 1A WEBB SCHOOL PROVIDES A RESIDENCE ON CAMPUS FOR ITS HEADMASTER. IT IS A CONDITION OF EMPLOYMENT SINCE WEBB IS A BOARDING SCHOOL. IT IS DEEMED NECESSARY FOR THE HEADMASTER TO REMAIN ON CAMPUS TO HELP OVERSEE STUDENT ACTIVITIES. MR. CHEESEMAN ENTERTAINS STUDENTS, FACULTY, PARENTS, TRUSTEES, AND ALUMNI AT THE HOUSE. THE SCHOOL PROVIDES A DISCRETIONARY SPENDING ACCOUNT FOR THE HEADMASTER. DURING THE CURRENT YEAR, $58,229 WAS SPENT FROM THIS ACCOUNT. SCHEDULE J, PART I, LINE 1B AS EXPLAINED ABOVE THE USE OF A RESIDENCE ON CAMPUS BY THE HEADMASTER IS REQUIRED AS A CONDITION OF EMPLOYMENT. THIS ARRANGEMENT IS APPROVED BY THE BOARD OF DIRECTORS. SCHEDULE J, PART I, LINE 3 THE PERSONNEL COMMITTEE OF THE BOARD MEETS PERIODICALLY AND WHEN COMPENSATION ADJUSTMENTS ARE MADE TO THE HEADMASTER SALARY, THEY REVIEW COMPARABLE PUBLISHED DATA THAT IS AVAILABLE TO ASSIST THEM IN MAKING COMPENSATION ADJUSTMENTS. SCHEDULE J, PART I, LINE 7 LEADERSHIP RECEIVED A DISCRETIONARY BONUS APPROVED BY THE BOARD OF DIRECTORS. X 2 20889 INVOICE X 3 36066 FMV X 1 64271 COST X CORNHOLE FOR RESIDENTS 1 395 COST X AUCTION ITEMS 129 39823 AUCTION VALUE false true true SCHEDULE M, PART I, COLUMN (B) THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED BY THE ORGANIZATION. SCHEDULE M, PART I, LINE 32B THE SCHOOL USES A THIRD-PARTY BROKER TO SELL STOCK CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 4A (CONTINUED FROM PART I, LINE 4A.) 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. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE PUBLIC DISCLOSURE VERSION OF FORM 990 WAS EMAILED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CHAIR, BUSINESS MANAGER, AND HEADMASTER WORK CLOSELY ENOUGH THROUGHOUT THE YEAR TO MONITOR ACTIVITIES OF BOARD MEMBERS TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL REVIEWS NAIS DATA AND FORM 990S OF OTHER SIMILAR SCHOOLS WHEN IT DETERMINES COMPENSATION FOR KEY EMPLOYEES AND TOP SCHOOL OFFICIALS WHICH IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9 21,288 UNREALIZED GAIN/LOSS ON SPLIT INTEREST AGREEMENT FORM 990, PART XII, LINE 2C THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. THE INTER VIVOS CRUT INVESTING FL NA TRUST 0 383938 1.00000 false false false false false false false false false false false false false false false false false false false false