2017-02-13T16:51:31-06:00 2016-06-30 621736974 DEMPSEY VANTREASE & FOLLIS PLLC 630 S CHURCH ST STE 300 MURFREESBORO TN 37130 990 2015-07-01 620401875 THE WEBB SCHOOL WEBB 9313899322 PO BOX 488 BELL BUCKLE TN 37020 JOE IORIO BUSINESS MANAGER 6153899322 2017-02-13 1 MARK E FOLLIS CPA P01283359 6158936666 2017-02-08 X 2015 2021-01-29 14:40:06Z JOE IORIO 319 WEBB ROAD EAST BELL BUCKLE TN 37020 17291708 0 X WWW.THEWEBBSCHOOL.COM X 1921 TN EDUCATION GRADES 6-12 22 22 167 0 27542 -1782 933299 1692440 7758751 8557636 2299731 933173 104247 691953 11096028 11875202 1698425 1728633 0 0 5357218 5668686 6000 3175 598930 3139467 3246448 10201110 10646942 894918 1228260 43935744 44543863 4896546 5964451 39039198 38579412 EDUCATION; GRADES 6-12 0 0 7706561 1728633 8636220 EDUCATIONAL ACTIVITIES: TEACHERS SALARIES & BENEFITS, SUPPLIES, LIBRARY BOOKS & PERIODICALS, CONTINUING EDUCATION OF STAFF, STUDENT ACTIVITIES, FINANCIAL AID, FOOD SERVICE AND PHYSICAL EDUCATION & ATHLETICS FOR 300 STUDENTS 7706561 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 62 0 167 1 1 1 0 0 0 0 1 1 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOE IORIO 9313899322 319 HWY 82 BELL BUCKLE TN 370200488 GEORGE PINE III TRUSTEE 0.50 X X 0 0 0 KEITH BARTON VICE CHAIR 1.00 X X 0 0 0 HUNTER WELLES TRUSTEE EMERITUS 0.50 X 0 0 0 S NORFLEET ANTHONY JR TRUSTEE EMERITUS 0.50 X 0 0 0 FORREST SHOAF TRUSTEE 0.50 X 0 0 0 GLENN JONES TRUSTEE 0.50 X 0 0 0 JAMES BERRY TRUSTEE 0.50 X 0 0 0 HUGH BYRD TRUSTEE EMERITUS 0.00 X 0 0 0 LEWIS BRANSCOMB TRUSTEE EMERITUS 0.00 X 0 0 0 WILLIAM H CAMMACK TRUSTEE EMERITUS 0.00 X 0 0 0 F EDWARD BAKER TRUSTEE 0.50 X 0 0 0 WILLIAM HUDDLESTON TRUSTEE 0.50 X 0 0 0 ED DAVIES TRUSTEE EMERITUS 0.00 X 0 0 0 GWEN OWEN TRUSTEE 0.50 X 0 0 0 HUGH ELDREDGE TRUSTEE EMERITUS 0.00 X 0 0 0 R WALTER HALE III TRUSTEE EMERITUS 0.00 X 0 0 0 WILLIAM HARDIN TRUSTEE 0.50 X 0 0 0 ROBERT H JONES TRUSTEE 0.50 X 0 0 0 STEVEN GRAHAM TRUSTEE 0.50 X 0 0 0 THOMAS LISENBY TRUSTEE EMERITUS 0.00 X 0 0 0 JOHN P MATTHEWS IV TRUSTEE 0.50 X 0 0 0 JAMES MCDONNELL TRUSTEE EMERITUS 0.00 X 0 0 0 SAM LASSITER TRUSTEE 0.50 X 0 0 0 PAT MEADOWS TRUSTEE 0.50 X 0 0 0 PAUL MARTIN TRUSTEE 0.50 X 0 0 0 J GARNER MOORE III TRUSTEE EMERITUS 0.00 X 0 0 0 MARY MOSS TRUSTEE 0.50 X 0 0 0 SMITH MURPHEY IV TRUSTEE EMERITUS 0.00 X 0 0 0 MATTHIAS MURFREE TRUSTEE 0.50 X 0 0 0 JOSEPH MOONEY TRUSTEE 0.50 X 0 0 0 JOHN SAWYER CHAIR 2.00 X X 0 0 0 WILSON SIMS SR TRUSTEE EMERITUS 0.00 X 0 0 0 FRED SINGER TRUSTEE EMERITUS 0.00 X 0 0 0 DAVID LAROCHE TRUSTEE 0.50 X 0 0 0 CHARLES STEPHENS TRUSTEE EMERITUS 0.00 X 0 0 0 R BLAIR STEPHENS TRUSTEE EMERITUS 0.00 X 0 0 0 BRIAN SINGER TRUSTEE 0.50 X 0 0 0 PAUL STUMB III TRUSTEE EMERITUS 0.00 X 0 0 0 ADRIENNE UNDERHILL TRUSTEE EMERITUS 0.00 X 0 0 0 KELLY O'DANIEL TRUSTEE 0.50 X 0 0 0 PHILLIP COOP TRUSTEE 0.50 X X 0 0 0 BOB F THOMPSON TRUSTEE EMERITUS 0.00 X 0 0 0 JOE IORIO BUSINESS MANAGER 45.00 X 126182 0 21675 RAYMOND S BROADHEAD HEADMASTER 50.00 X 242175 0 25465 368357 0 47140 2 0 1 0 ORION BUILDING CORP 14261 JETPORT LOOP W STE 3 FORT MYERS FL 33913 CONSTRUCTION 3392227 NASHVILLE OFFICE INTERIORS 1621 CHURCH ST NASHVILLE TN 37203 FURNITURE 623992 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 FOOD SERVICE 488398 JOHNSON JOHNSON AND CRABTREE 4551 TROUSDALE DR NASHVILLE TN 37204 ARCHITECT SERVICES 121039 4 1692440 179677 1692440 TUITION AND FEES 611600 8557636 8557636 8557636 400786 400786 587327 587327 5947393 1500 5416506 0 530887 1500 532387 1500 530887 SUMMER SCHOOL AND CAMPS 611600 67610 40068 27542 MISCELLANEOUS INCOME 611600 37016 37016 104626 11875202 8636220 27542 1519000 1728633 1728633 459365 459365 4069785 2902204 820824 346757 193187 128998 49904 14285 644781 443017 135514 66250 301568 192402 82998 26168 12625 12625 31640 31640 3175 3175 107685 107685 17205 17205 45903 45903 301477 169680 76962 54835 18799 18799 665359 571992 75869 17498 227556 130609 58565 38382 54672 50680 3992 823518 702065 112036 9417 124924 103437 20104 1383 FOOD FOR CAFETERIA 270773 270773 BAD DEBTS 125250 125250 STUDENT ACTIVITIES 98802 98802 STUDENT SPORTS 85671 85671 234589 108799 109002 16788 10646942 7706561 2341451 598930 4228568 1630330 921462 1195286 33712 24443 51914 44015 54258 124303 28396050 13282933 10905195 15113117 10381430 11253806 17359205 15158563 43935744 44543863 550454 639658 941973 1152133 3240796 3914925 163323 257735 4896546 5964451 X 15937913 16626939 10079935 8724521 13021350 13227952 39039198 38579412 43935744 44543863 X 1228260 -1603679 -84367 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 27740635 192344 -200936 73640 1246034 26412369 28303198 164682 495841 168654 1054432 27740635 25329237 357565 3792488 101634 1074458 28303198 23674561 342552 2439686 120632 1006930 25329237 23928214 98223 770432 2836 1119472 23674561 0.20000 0.49000 0.31000 1 0 106884 106884 25243650 10946811 14296839 2424249 1870997 553252 621267 465125 156142 15113117 INVESTMENT FUND- MONEY MARKET 1184424 F LIMITED PARTNERSHIPS 13974139 F 15158563 DEPOSITS AND OTHER LIABILITIES 257735 257735 X 8435450 -1603679 -1603679 10039129 107440 1728633 1836073 11875202 8810871 2 2 8810869 107440 1728633 1836073 10646942 PART V, LINE 4: THE SCHOOLS 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 5%. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT INSTITUTION UNDER IRC 501C3 AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAX LAW UNDER FASB ASC 740-10 WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. ASC 740-10 REQUIRES THAT THE TAX EFFECTS OF A POSITION BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" TO BE SUSTAINED BY THE TAXING AUTHORITY AS OF THE REPORTING DATE. IF THE TAX POSITION IS NOT CONSIDERED "MORE LIKELY THAN NOT" TO BE SUSTAINED, THEN NO BENEFITS OF THE POSITION ARE TO BE RECOGNIZED. THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS FOR ANY OF THE PERIODS PRESENTED. TO THE EXTENT APPLICABLE IN THE FUTURE, INTEREST AND PENALTIES RELATED TO INCOME TAX LIABILITIES WILL BE INCLUDED IN PRETAX INCOME AS INTEREST EXPENSE AND TAX PENALTIES. AT JUNE 30, 2014, THE SCHOOLS TAX RETURNS RELATED TO FISCAL YEARS ENDED JUNE 30, 2011 TO 2014 REMAIN OPEN TO EXAMINATION BY THE TAX AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 1,728,633. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 2. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 1,728,633. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 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 1 FINANCIAL AID TO STUDENTS ATTENDING WEBB SCHOOL 155 1728633 STUDENT FINANCIAL AID PART I, LINE 2: THE SCHOOL IS COMMITTED TO PROVIDING FINANCIAL AID TO STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL. THE COMPLETION OF THE FINANCIAL AID APPLICATION DOES NOT HAVE ANY BEARING UPON WHETHER THE STUDENT IS ADMITTED TO THE SCHOOL. THE SCHOOL DETERMINES A FAMILY'S CONTRIBUTION BASED UPON THE EVALUATION COMPLETED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID, AN UNAFFILIATED ENTITY IN NEW JERSEY WHO PERFORMS SIMILAR SERVICES FOR OTHER SCHOOLS THROUGHOUT THE COUNTRY. FINANCIAL AID FORMS MUST BE COMPLETED EACH YEAR BY THE STUDENT AND MONITORED BY THE SCHOOL TO REEVALUATE THE AMOUNT OF THE FINANCIAL AID. X X 0 1 X X X X 0 1 0 0 0 0 0 1 0 RAYMOND S BROADHEAD HEADMASTER 219475 0 22700 0 0 0 11400 0 14065 0 267640 0 0 0 PART I, LINE 1A WEBB SCHOOL PROVIDES A RESIDENCE ON CAMPUS FOR ITS HEADMASTER. IT IS A CONDITION OF EMPLOYMENT AND SINCE WEBB IS A BOARDING SCHOOL, IT IS DEEMED NECESSARY FOR THE HEADMASTER TO REMAIN ON CAMPUS TO HELP OVERSEE STUDENT ACTIVITIES. THE SCHOOL PROVIDES A DISCRETIONARY SPENDING ACCOUNT OF UP TO $5,000 FOR THE HEADMASTER. DURING THE CURRENT YEAR $2,556 WAS SPENT FROM THIS ACCOUNT. 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. 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. PART I, LINE 4B RAYMOND BROADHEAD, HEADMASTER, IS PROVIDED A NON QUALIFIED DEFERRED COMPENSATION PLAN APPROVED BY THE BOARD OF DIRECTORS. THE AMOUNT OF THE BENEFIT ADDED TO THE ACCOUNT WAS $11,685. PART I, LINE 7 THE HEADMASTER RECEIVED A DISCRETIONARY BONUS APPROVED BY THE BOARD OF DIRECTORS. A INDUSTRIAL DEVELOPMENT BOARD OF CITY OF SHELBYVILLE TENNESSEE 521393194 2012-10-15 5000000 REFINANCE EXISTING DEBT AND CONSTRUCT NEW SCHOOL CLASSROOMS AND DORMS 0 1 0 A 3914925 26385 3067540 821000 1 0 0 1 A 0 0 0 0 0 0 0 A 0 1 1 0 1 1 SUNTRUST BANK 10.000000000000 0 0 0 0 0 A 0 X 11 179677 QUOTED DAILY PRICE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 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 INSURE 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 SIMILIAR 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: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 15,842. CHANGE IN VALUE OF INTEREST RATE SWAP -100,207. ROUNDING -2.