WEBB INSTITUTE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- WEBB INSTITUTE (EIN 11-1630912)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-16
- IRS object ID
- 202241369349301819
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-16T08:40:28-04:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111630912 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEBB INSTITUTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Richard Keith Michel | InCareOfNm |
| Business Name Control | WEBB | BusinessNameControlTxt |
| Foreign Phone | 5166712213 | ForeignPhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 298 CRESCENT BEACH RD | AddressLine1Txt |
| City | GLEN COVE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11542 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Richard Keith Michel | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2022-05-16 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Richard Keith Michel | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 298 CRESCENT BEACH RD | AddressLine1Txt |
| City | GLEN COVE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115421398 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $51,428,248 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.webb.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1888 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | To inspire and educate tomorrow's leaders in an extraordinary learning community focused on engineering and design in the marine field. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 29 | VotingMembersIndependentCnt |
| Total Employee | 48 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$7,769 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,978,559 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,318,742 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,247,596 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,878,586 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,784,164 | PYInvestmentIncomeAmt |
| CY Investment Income | $11,324,290 | CYInvestmentIncomeAmt |
| PY Other Revenue | $517,118 | PYOtherRevenueAmt |
| CY Other Revenue | $32,801 | CYOtherRevenueAmt |
| PY Total Revenue | $12,527,437 | PYTotalRevenueAmt |
| CY Total Revenue | $22,554,419 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,291,433 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,416,030 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,127,649 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,220,942 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $433,968 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,425,412 | PYOtherExpensesAmt |
| CY Other Expenses | $4,036,650 | CYOtherExpensesAmt |
| PY Total Expenses | $12,844,494 | PYTotalExpensesAmt |
| CY Total Expenses | $13,673,622 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$317,057 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,880,797 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $91,466,564 | TotalAssetsBOYAmt |
| Total Assets EOY | $108,979,783 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,054,007 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,933,715 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $85,412,557 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $103,046,068 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To inspire and educate tomorrow's leaders in an extraordinary learning community focused on engineering and design in the marine field. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $11,085,747 | ExpenseAmt |
| Grant | $5,416,030 | GrantAmt |
| Revenue | $6,911,387 | RevenueAmt |
| Desc | Webb Institute offers a single program service - a college education in Naval Architecture and Marine Engineering. All students receive a Bachelor of Science in Naval Architecture and Marine Engineering. Webb Institute is a 4 year college accredited by Middle States and ABET The Accredited Board of Engineering Technology. | Desc |
| Total Program Service Expenses | $11,085,747 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 48 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 29 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Webb Institute - Rhonda Lightcap | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5164035390 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 298 CRESCENT BEACH RD | AddressLine1Txt |
| City | GLEN COVE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115421398 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Bruce Rosenblatt | |||||||||
| Chariman | 12.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Jon LaBerge | |||||||||
| Vice Chairman | 8.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Greggory Mendenhall | |||||||||
| Treasurer | 8.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Mark Martecchini | |||||||||
| Secretary | 8.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| R Keith Michel | |||||||||
| President | 40.00 | 0.00 | Yes (X) | Yes (X) | $220,500 | $0 | $27,348 | ||
| Christopher Allard | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Sherice Arman | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| David Bovet | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| George Campbell Jr | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CDR Richard Celotto | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Nolan Conway | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John Couch | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Joseph Cuneo | |||||||||
| Trustee | 8.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Hampton Dixon | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Victoria Dlugokecki | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John Edgar III | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Fernando Frimm | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Alison Granger | |||||||||
| Trustee | 8.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Manuel Hontoria | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Roderick MacKinnon | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John Malone | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Eugene Miller | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Wombi Rose | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Philip Shapiro | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Monique Sinmao | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Paul Sullivan | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Luther Tai | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kirsi Tikka | |||||||||
| Trustee | 6.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Jennifer Waters | |||||||||
| Trustee | 8.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Christopher Wiernicki | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Matthew Werner | |||||||||
| Dean | 40.00 | 0.00 | $179,830 | $0 | $13,131 | Yes (X) | |||
| Anthony Zic | |||||||||
| Development Director | 40.00 | 0.00 | $154,800 | $0 | $40,647 | Yes (X) | |||
| Neil Gallagher | |||||||||
| Professor | 35.00 | 0.00 | $138,802 | $0 | $39,527 | Yes (X) | |||
| Richard Royce | |||||||||
| Director of Research-Professor | 35.00 | 0.00 | $146,157 | $0 | $22,769 | Yes (X) | |||
| Richard Harris | |||||||||
| Prrofessor | 35.00 | 0.00 | $146,132 | $0 | $11,397 | Yes (X) | |||
| Bradley Golden | |||||||||
| Professor | 35.00 | 0.00 | $102,424 | $0 | $36,976 | Yes (X) | |||
| Michael Martin | |||||||||
| Professor | 35.00 | 0.00 | $108,374 | $0 | $28,629 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,197,019 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $220,424 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| DHI Construction Services Inc | ||||||
| 3000 Marcus Avenue | Ste 1W12 | Lake Success | NY | 11042 | Construction | $2,601,521 |
| Paul Todd Inc | ||||||
| 32 Cottage Row | Glen Cove | NY | 11542 | Construction | $551,070 | |
| FLIK -Compass Group USA | ||||||
| PO Box 417632 | Boston | MA | 022417632 | Food Service | $445,411 | |
| Bentel & Bentel LLP | ||||||
| 22 Buckram Road | Locust Valley | NY | 11560 | Architect | $257,535 | |
| Cambridge Associates LLC | ||||||
| PO Box 412015 Boston | Boston | MA | 022412015 | Investment Advisory Services | $155,500 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $0 | GovernmentGrantsAmt |
| All Other Contributions | $4,318,742 | AllOtherContributionsAmt |
| Noncash Contributions | $336,173 | NoncashContributionsAmt |
| Total Contributions | $4,318,742 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition | 611600 | $5,242,000 | $5,242,000 | $0 | $0 |
| Room and Board | 611600 | $1,636,586 | $1,636,586 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,878,586 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,396,336 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$7,769 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,404,105 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $37,790,448 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $28,862,494 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,927,954 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,927,954 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,927,954 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $18,243 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $11,335 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,908 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,908 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other activity | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $25,893 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $25,893 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $25,893 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,554,419 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,911,387 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$7,769 | UnrelatedBusinessRevenueAmt |
| Exclusion | $11,332,059 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,416,030 | TotalAmt |
| Program Services | $5,416,030 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $648,189 | TotalAmt |
| Program Services | $198,311 | ProgramServicesAmt |
| Management And General | $248,475 | ManagementAndGeneralAmt |
| Fundraising | $201,403 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,733,342 | TotalAmt |
| Program Services | $2,084,117 | ProgramServicesAmt |
| Management And General | $504,065 | ManagementAndGeneralAmt |
| Fundraising | $145,160 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $183,946 | TotalAmt |
| Program Services | $138,500 | ProgramServicesAmt |
| Management And General | $35,285 | ManagementAndGeneralAmt |
| Fundraising | $10,161 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $408,117 | TotalAmt |
| Program Services | $287,994 | ProgramServicesAmt |
| Management And General | $92,685 | ManagementAndGeneralAmt |
| Fundraising | $27,438 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,348 | TotalAmt |
| Program Services | $173,304 | ProgramServicesAmt |
| Management And General | $51,293 | ManagementAndGeneralAmt |
| Fundraising | $22,751 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,850 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $12,850 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,054 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $44,054 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,179 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $291,179 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $267,055 | TotalAmt |
| Program Services | $214,544 | ProgramServicesAmt |
| Management And General | $52,511 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,431 | TotalAmt |
| Program Services | $10,696 | ProgramServicesAmt |
| Management And General | $10,964 | ManagementAndGeneralAmt |
| Fundraising | $8,771 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,755 | TotalAmt |
| Program Services | $18,881 | ProgramServicesAmt |
| Management And General | $10,094 | ManagementAndGeneralAmt |
| Fundraising | $2,780 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,859 | TotalAmt |
| Program Services | $197,789 | ProgramServicesAmt |
| Management And General | $62,466 | ManagementAndGeneralAmt |
| Fundraising | $13,604 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,925 | TotalAmt |
| Program Services | $264,046 | ProgramServicesAmt |
| Management And General | $67,879 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,981 | TotalAmt |
| Program Services | $8,031 | ProgramServicesAmt |
| Management And General | $561 | ManagementAndGeneralAmt |
| Fundraising | $389 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,848 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $52,848 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,279,256 | TotalAmt |
| Program Services | $1,017,648 | ProgramServicesAmt |
| Management And General | $261,608 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,451 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $246,451 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Food Services | $566,991 | $566,991 | $0 | $0 |
| Student Services | $130,697 | $130,697 | $0 | $0 |
| Repairs and Maintenance | $320,944 | $255,657 | $65,287 | $0 |
| Other Expenses | $147,374 | $102,511 | $43,352 | $1,511 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| All Other Expenses | AllOtherExpensesGrp |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,673,622 | TotalAmt |
| Program Services | $11,085,747 | ProgramServicesAmt |
| Management And General | $2,153,907 | ManagementAndGeneralAmt |
| Fundraising | $433,968 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,871 | BOYAmt |
| EOY | $38,131 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,274,640 | BOYAmt |
| EOY | $417,593 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,064,371 | BOYAmt |
| EOY | $770,055 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,642 | BOYAmt |
| EOY | $197,823 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,561 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,030 | BOYAmt |
| EOY | $16,970 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,417 | BOYAmt |
| EOY | $239,990 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $44,464,274 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,189,742 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,636,555 | BOYAmt |
| EOY | $26,274,532 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,904,935 | BOYAmt |
| EOY | $60,357,302 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,695,430 | BOYAmt |
| EOY | $20,229,615 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,112 | BOYAmt |
| EOY | $437,772 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,466,564 | BOYAmt |
| EOY | $108,979,783 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,006,615 | BOYAmt |
| EOY | $312,614 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,264,778 | BOYAmt |
| EOY | $4,770,575 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $782,614 | BOYAmt |
| EOY | $850,526 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,054,007 | BOYAmt |
| EOY | $5,933,715 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,006,083 | BOYAmt |
| EOY | $85,015,610 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,406,474 | BOYAmt |
| EOY | $18,030,458 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,412,557 | BOYAmt |
| EOY | $103,046,068 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,466,564 | BOYAmt |
| EOY | $108,979,783 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $8,880,797 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $8,752,714 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,782,817 | BeginningYearBalanceAmt |
| Contributions | $203,227 | ContributionsAmt |
| Investment Earnings Or Losses | $5,826,494 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $240,315 | GrantsOrScholarshipsAmt |
| Other Expenditures | $234,909 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $24,337,314 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,901,612 | BeginningYearBalanceAmt |
| Contributions | $672,152 | ContributionsAmt |
| Investment Earnings Or Losses | -$300,214 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $296,283 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,194,450 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $18,782,817 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $29,269,348 | BeginningYearBalanceAmt |
| Contributions | $2,326,908 | ContributionsAmt |
| Investment Earnings Or Losses | $926,751 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $410,561 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,210,834 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $22,901,612 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,487,553 | BeginningYearBalanceAmt |
| Contributions | $2,656,601 | ContributionsAmt |
| Investment Earnings Or Losses | $1,483,084 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $394,065 | GrantsOrScholarshipsAmt |
| Other Expenditures | $963,825 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $29,269,348 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,079,520 | BeginningYearBalanceAmt |
| Contributions | $1,878,812 | ContributionsAmt |
| Investment Earnings Or Losses | $2,392,857 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $399,950 | GrantsOrScholarshipsAmt |
| Other Expenditures | $463,686 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $26,487,553 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.41 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.15 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.44 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $654,957 | OtherCostOrOtherBasisAmt |
| Book Value | $654,957 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $31,363,887 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,124,524 | DepreciationAmt |
| Book Value | $24,239,363 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $10,793,756 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,452,767 | DepreciationAmt |
| Book Value | $1,340,989 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $1,651,674 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,612,451 | DepreciationAmt |
| Book Value | $39,223 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $26,274,532 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Carlyle Mezzanine Partners L.P. | $33,169 | F |
| Carlyle Strategic Partners II L.P. | $69,573 | F |
| Adage Capital Management L.P. | $13,011,508 | F |
| Commonfunds | $99,993 | F |
| Kiltearn Global Equity Fund | $3,498,628 | F |
| Lexin | $34,424 | F |
| Renaissance Institutional Equities Fund LLC | $3,482,320 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $20,229,615 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Liability under split interest agreements | $137,484 |
| Refundable Advance | $713,042 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $850,526 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $25,599,924 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $8,752,714 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $8,752,714 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,847,210 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $291,179 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $5,416,030 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $5,707,209 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $22,554,419 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,966,413 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,966,413 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $291,179 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $5,416,030 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,707,209 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $13,673,622 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, line 1a | The Institute does not record contributions of works of art historical treasures and similar assets if the donated items are added to collections that meet all of the following conditions: a are held for public exhibition education or research in furtherance of public service rather than financial gain; b are protected kept unencumbered cared for and preserved; and c proceeds from sales of collection items are used to acquire other items for collections. |
| Part III, line 4 | Webb Institute's art and historical treasures consist primarily of models of ships art work of ships and related maritime events original ship drawings and portraits of Webb's founder and directors trustees. These are utilized by our faculty and students of naval architecture and marine engineering for educational purposes. |
| Part V, line 4 | The endowment funds exist primarily to provide tuition and room & board scholarships support faculty positions through endowed chairs support student research and education and for infrastructure development. |
| Part X, line 2 | The Institute recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the Institute had no uncertain tax positions that would require financial statement recognition or disclosure. |
| Part XI, line 4b | Scholarships that were netted against related revenues were reclassed as expense for the purpose of reporting on the 990. Webb ensures that each student that is a U.S. citizen or permanent resident receives a full tuition scholarship. These are primarily paid through annual fundraising some restricted scholarship funds and drawing on the unrestricted endowment. |
| Part XII, line 4b | Scholarships that were netted against related revenues were reclassed as expense for the purpose of reporting on the 990. Webb ensures that each student that is a U.S. citizen or permanent resident receives a full tuition scholarship. These are primarily paid through annual fundraising some restricted scholarship funds and drawing on the unrestricted endowment. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part 1, line 3 | Webb Institute has a nondiscrimination policy in place which is publicized in its catalog and on its website. |
| Part 1, line 6 | The Institute receives Pell and Stafford loans on behalf of students from the Federal government, and Higher Education Services Corp (HESC) scholarships from New York State on behalf of students, as well as small amounts for Bundy Aid and a Library grant. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| Tuition Scholarships | 102 | $0 | $5,238,573 | Book | Scholarships to cover tuition. |
| Room and Board Scholarships | 33 | $0 | $162,817 | Book | Scholarships applied to room and board and student fees. |
| Couch Design Software Assistance | 102 | $0 | $14,640 | Book | Assistance to cover the cost of design software. |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 2 | Scholarships are applied directly to student accounts to offset tuition room and board and other fees billed by the Institute. |
| Part III Column (b) | | Type of grant or assistance:, Number of recipients:, How number of recipients was estimated?:| Tuition Scholarships, 102, Actual number of students receiving a tuition scholarship during the academic year.| Room and Board Scholarships, 33, Actual number of students receiving a tuition scholarship during the academic year.| Couch Design Software Assistance, 102, Actual number of students receiving a statement credit| |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R Keith Michel | ||||||||||||||
| President | $220,500 | $0 | $0 | $0 | $0 | $0 | $15,435 | $0 | $11,913 | $0 | $247,848 | $0 | $0 | $0 |
| Matthew Werner | ||||||||||||||
| Dean | $179,830 | $0 | $0 | $0 | $0 | $0 | $12,588 | $0 | $543 | $0 | $192,961 | $0 | $0 | $0 |
| Anthony Zic | ||||||||||||||
| Development Director | $154,800 | $0 | $0 | $0 | $0 | $0 | $10,836 | $0 | $29,811 | $0 | $195,447 | $0 | $0 | $0 |
| Neil Gallagher | ||||||||||||||
| Professor | $138,802 | $0 | $0 | $0 | $0 | $0 | $9,716 | $0 | $29,811 | $0 | $178,329 | $0 | $0 | $0 |
| Richard Royce | ||||||||||||||
| Director of Research-Professor | $146,157 | $0 | $0 | $0 | $0 | $0 | $10,231 | $0 | $12,538 | $0 | $168,926 | $0 | $0 | $0 |
| Richard Harris | ||||||||||||||
| Prrofessor | $146,132 | $0 | $0 | $0 | $0 | $0 | $10,229 | $0 | $1,168 | $0 | $157,529 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 1a | | Name :, Title:, Item Selected:, Description:| R Keith Michel, President, Housing Allowance, As a condition of employment the President is required to live on campus and is provided a house to live in. Utilities for the house are paid by the Institute as per contract and written policy statement. These expenses are included under non-taxable fringe benefits on Schedule J Part II Column D.| |
| Part I Line 7 | Discretionary bonuses may be given as determined by the Board of Trustees. Although no bonus were given in calendar year 2020, as reflected on Part II of schedule J, some bonuses were paid at the end of fiscal year 2021 and will appear on the 2021 form 990 that will be filed next year. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Alicia Edgar | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Spouse of Trustee | RelationshipDescriptionTxt |
| Transaction | $24,995 | TransactionAmt |
| Transaction | Employment-Institutional Outreach | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 16 | ContributionCnt |
| Noncash Contributions Rpt F990 | $336,173 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Avg High Low Mkt-Gift Date Avg High Low Mkt-Gift Date Avg High Low Mkt-Gift Date Avg High Low Mkt | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FormAndLineReferenceDesc: Part I, Column(b) | FormAndLineReferenceDesc |
| Explanation | 9.Securities - Publicly traded-Number Of Item Contributed: 16 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4d | | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| |
| Part VI, Section B, Line 11b | The 990 is prepared by the Director of Financial Affairs and provided to the President of the Institute for a detailed review. Schedule B is provided to representatives of the Board's Gift Acceptance Committee for review. Except for Schedule B the 990 is then circulated to all Board members for any questions and or feedback prior to filing. |
| Part VI, Section B, Line 12c | Interest Policy Statement. Any conflict of interest that may arise during a trustee's term requires immediate and full disclosure. Depending on the circumstances any trustee that has a conflict of interest surrounding a specific issue must recuse themselves from all decision-making processes with respect to the issue at hand and or under review. |
| Part VI, Section B, Line 15 | | Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| President and Employee Compensation, The Compensation Committee an independent body of the Board is responsible for determination and awarding of the President's annual salary subject to approval by the Executive Committee. Salary increases are merit-based and the Committee consults data from various independent sources and or peer organizations to determine annual compensation which is contemporaneously documented in minutes to the meeting. The President subject to the approval of the Compensation Committee is responsible for determining the annual salary and or raises of key employees. The President and Compensation Committee rely on published data obtained from independent sources specific to the regional area as well as comparable data of similar schools positions and job responsibilities in order to determine employee salaries. The President is responsible for determining salaries and or increases for other employees within the Compensation Committee approved guidelines., 2020| |
| Part VI, Section C, Line 19 | Webb Institute's governing documents Conflict of Interest policy financial statements and Form 990 returns are stored and maintained on the campus within the appropriate administrative offices. It is Webb's policy to make these documents available upon request of a third party. Webb's Form 990 returns are also available on Guidestar.com. |