2024-05-14T12:46:02-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 951856591 THE WEBB SCHOOLS WEBB 9096263587 1175 W BASELINE ROAD CLAREMONT CA 91711 JANET K PEDDY CFO, ASST SECRETARY 9096263587 2024-05-14 1 JANET PEDDY 999009999 0 DERRICK DEBRUYNE CPA P00591016 6268577300 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TAYLOR STOCKDALE 1175 W BASELINE ROAD CLAREMONT CA 91711 39291675 0 X WWW.WEBB.ORG X 1955 CA PRIVATE SCHOOL 23 21 236 156 0 0 12553255 7303661 25604563 27016205 1934654 1853323 -18857 8589 40073615 36181778 5946054 6420736 0 0 13521015 14478057 0 0 2250574 10206267 10849810 29673336 31748603 10400279 4433175 106458525 115711624 19140256 20080040 87318269 95631584 X THE MISSION OF THE WEBB SCHOOLS IS TO PROVIDE AN EXEMPLARY LEARNING COMMUNITY THAT NURTURES AND INSPIRES BOYS AND GIRLS TO BECOME MEN AND WOMEN WHO THINK BOLDLY, MINDFULLY AND CREATIVELY, ACT WITH HONOR AND MORAL COURAGE, LEAD WITH DISTINCTION, AND SERVE WITH A GENEROUS SPIRIT. 0 0 23698702 6420736 27016205 BOARDING AND DAY SCHOOL INSTRUCTION FOR APPROXIMATELY 405 STUDENTS. 23698702 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 69 0 1 236 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JANET PEDDY CFO 9096263587 1175 WEST BASELINE ROAD CLAREMONT CA 91711 TAYLOR B STOCKDALE EX-OFFICIO TRUSTEE 40.00 4.00 X X 547960 0 201754 JANET K PEDDY CFO, ASST SECRETARY 40.00 8.00 X X 269477 0 39707 SANJAY DHOLAKIA TRUSTEE, CHAIRMAN 5.00 1.00 X X 0 0 0 CHRISTINA MCGINLEY PHD TRUSTEE, VICE CHAIR, SEC 3.00 0.00 X X 0 0 0 MICHAEL CHANG TRUSTEE 2.00 0.00 X 0 0 0 DEVAL DVIVEDI TRUSTEE 3.00 0.00 X 0 0 0 JENNA GAMBARO JD TRUSTEE & COMIMITTEE 3.00 0.00 X 0 0 0 BILL HORNBUCKLE TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER ISHIGURO TRUSTEE 2.00 0.00 X 0 0 0 NAVEEN JEEREDDI TRUSTEE 2.00 0.00 X 0 0 0 SANDRA LEE REBISH MD TRUSTEE 2.00 0.00 X 0 0 0 JULIA MARCIARI-ALEXANDER PHD TRUSTEE 2.00 0.00 X 0 0 0 RAHMI MOWJOOD DO TRUSTEE & COMIMITTEE 3.00 0.00 X 0 0 0 DAVID MYLES PHD TRUSTEE 2.00 0.00 X 0 0 0 MICKEY NOVAK TRUSTEE & COMIMITTEE 3.00 0.00 X 0 0 0 MELVIN OLIVER PHD TRUSTEE 2.00 0.00 X 0 0 0 MILES R ROSEDALE TRUSTEE 2.00 0.00 X 0 0 0 WENDIN SMITH PHD TRUSTEE & COMIMITTEE 3.00 0.00 X 0 0 0 JORDAN TAYLOR TRUSTEE 2.00 0.00 X 0 0 0 LARA TIEDANS PHD TRUSTEE 2.00 0.00 X 0 0 0 LANCE WILLIAMS TRUSTEE 3.00 0.00 X 0 0 0 DENIS YIP TRUSTEE 2.00 0.00 X 0 0 0 LARRY ASHTON TRUSTEE 3.00 5.00 X 0 0 0 THERESA SMITH PHD ASSOCIATE HEAD OF SCHOOLS 40.00 0.00 X 274533 0 72673 JAMILA EVERETT PHD DIR OF ADMISSION 40.00 0.00 X 230460 0 57061 ROBERT FASS CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 200104 0 40684 WILLIAM DIEPENBROCK DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 0.00 X 112451 0 25982 HECTOR MARTINEZ DEAN OF COLLEGE COUNSELING 40.00 0.00 X 145866 0 34890 DANIELLE GORDON DIRECTOR OF DEVELOPMENT 40.00 0.00 X 124712 0 31472 CAROLINA PANGILINAN CONTROLLER 40.00 0.00 X 113760 0 26231 TINA PAREDES DIRECTOR OF ASSET MANAGEMENT 40.00 0.00 X 115755 0 11775 2135078 0 542229 14 0 1 0 DRIVER SPG 408 N ROEMEAD BLVD PASADENA CA 91107 CONSTRUCTION AND LANDSCAPING 765776 NEPTUNE FIRE ALARM INC 26702 MERIT CIRCLE SUITE 113 LAGUNA HILLS CA 92653 FIRE SPRINGLER DESIGN AND INSTALLATION 723893 CULINART GROUP INC PO BOX 50196 LOS ANGELES CA 900740196 CULINARY SERVICE 580078 RESOURCE COMPUTER SOLUTIONS INC 1945 WEST NINTH STREET UPLAND CA 91786 INFORMATION TECHNOLOGY 553841 PAGE TURNBULL INC 170 MAIDEN LANE 5TH FLOOR SAN FRANCISCO CA 94108 ARCHITECHTURE AND DESIGN 182518 6 175906 925 7126830 76570 7303661 TUITION AND FEES 611710 27016205 27016205 27016205 1397609 1397609 3000 0 3000 3000 3000 3451884 2996170 455714 455714 455714 47055 175906 83351 -36296 -36296 49830 30376 19454 19454 MISCELLANEOUS 611710 22431 22431 22431 36181778 27016205 0 1861912 6347416 6347416 73320 73320 1774771 377536 903762 493473 9597678 7325948 1582381 689349 677987 515468 99167 63352 1716894 1351522 239960 125412 710727 522242 121769 66716 145690 118728 26962 69503 68003 1500 140996 140996 244979 244979 794511 596391 190943 7177 399130 346708 52422 184077 21965 131896 30216 799707 456414 290904 52389 2169352 1532132 630191 7029 485188 134701 255941 94546 259714 153398 88321 17995 7170 3170 4000 1824643 1783879 31993 8771 708352 565248 119193 23911 STUDENT SUPPORT SERVICE 705487 705487 OTHER STUDENT PROGRAMS 592693 592693 INSTRUCTIONAL MATERIALS 522946 522946 FUNDRAISING EXPENSES 512316 512316 283356 1268 282088 31748603 23698702 5799327 2250574 5685165 4725198 12367874 14128879 1479525 2430880 389127 914657 19190 23493 555274 527460 62907625 30919190 31107893 31988435 37757157 40619351 13460434 15098131 3636886 5255140 106458525 115711624 1579953 1808025 4242863 4312066 12658790 12491163 658650 1468786 19140256 20080040 X 42569445 44701514 44748824 50930070 87318269 95631584 106458525 115711624 X 4433175 3084520 795620 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48933094 786326 4324218 868109 1106050 52069479 43910978 10132059 -3615184 693282 801477 48933094 37074644 456679 7994678 609241 1005782 43910978 34653081 2875392 802214 548976 682067 25000 37074644 32712398 1521286 1828216 510413 898406 34653081 0.21800 0.69400 0.08800 0 0 5913447 5913447 51400855 26989658 24411197 5593323 3929532 1663791 31988435 NON US EQUITIES 3459025 F PRIVATE PARTNERSHIP 4932431 F HEDGE FUNDS 2327142 F US EQUITIES 2463469 F PRIVATE CREDIT 1916064 F 15098131 TRUST LIABILITIES - STUDENT CLUBS 55190 LIABILITIES RE: SPLIT INTEREST AGREEMENT 121650 RIGHT OF USE LIABILITY 181082 DUE TO OTHER FUNDS 1110864 1468786 X 33607698 3084520 3084520 30523178 244979 5413621 5658600 36181778 26082833 0 26082833 244979 5420791 5665770 31748603 PART V, LINE 4: THE SCHOOLS' ENDOWMENT CONSISTS OF APPROXIMATELY 176 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTESS TO FUNCTION AS ENDOWMENT (QUASI-ENDOWMENT). PART X, LINE 2: THE SCHOOLS HAVE EVALUATED TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT OF TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO THE SCHOOLS CONTINUED QUALIFICATION AS A TAX- EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS, TUITION DISCOUNTS 5,413,621. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND INSTITUTIONAL SCHOLARSHIPS 5,413,621. TRANSFER FROM GENERAL FUND TO REAL ESTATE FUND 7,170. 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 PUBLICIZES ITS NON-DISCRIMINATION POLICY IN ADVERTISEMENTS, ON ITS WEBSITE, AND IN OTHER EXTERNAL COMMUNICATIONS FOR RECRUITING, HIRING AND SOLICITATIONS. THE NON-DISCRIMINATION POLICY IS ALSO PUBLISHED IN INTERNAL HANDBOOKS AND OPERATING MANUALS. 0 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES ADMISSIONS 1841 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FUNDRAISING 63958 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ADMISSIONS 4352 EUROPE 0 0 PROGRAM SERVICES ADMISSIONS 13981 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ADMISSIONS 28180 0 0 0 0 0 0 112312 0 112312 SCHOLARSHIP UKRAINE 1 73320 FMV 0 0 0 0 0 0 PART III ACCOUNTING METHOD: AFFILIATES EVENT 222961 175906 47055 25540 30534 4100 23177 222961 175906 47055 25540 30534 4100 23177 83351 -36296 1 FINANCIAL AID 143 6347416 FMV FINANCIAL AID, TUITION AND FEES REMISSION, TECHNOLOGY GRANTS AND TRIP SCHOLARSHIPS PART I, LINE 2: ALL AWARDS ARE FOR FINANCIAL AID OR TUITION REMISSION AT THE WEBB SCHOOLS. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 TAYLOR B STOCKDALE EX-OFFICIO TRUSTEE 547960 0 0 0 0 0 130500 0 71254 0 749714 0 0 0 THERESA SMITH PHD ASSOCIATE HEAD OF SCHOOLS 274533 0 0 0 0 0 27500 0 45173 0 347206 0 0 0 JANET K PEDDY CFO, ASST SECRETARY 256977 0 12500 0 0 0 25279 0 14428 0 309184 0 0 0 JAMILA EVERETT PHD DIR OF ADMISSION 230460 0 0 0 0 0 18474 0 38587 0 287521 0 0 0 ROBERT FASS CHIEF ADVANCEMENT OFFICER 200104 0 0 0 0 0 20400 0 20284 0 240788 0 0 0 HECTOR MARTINEZ DEAN OF COLLEGE COUNSELING 145866 0 0 0 0 0 14641 0 20249 0 180756 0 0 0 DANIELLE GORDON DIRECTOR OF DEVELOPMENT 124712 0 0 0 0 0 11032 0 20440 0 156184 0 0 0 PART I, LINE 1A AS APPROVED AND ENCOURAGED BY THE BOARD OF TRUSTESS, THE SPOUSE OF THE HEAD OF SCHOOLS ACCOMPANIES HIM TO CONFERENCES, FUNDRAISING TRIPS AND ALUMNI EVENTS. ON THE TRIPS, THE SPOUSE HELPS TO REPRESENT THE SCHOOLS. PART I, LINE 4B THE WEBB SCHOOLS FUND TWO 457(F) PLANS. AS DEFINED BY EMPLOYMENT CONTRACT, EACH PLAN HAS SPECIFIC CONTRIBUTION AND PAYMENT SCHEDULES, BASED ON CERTAIN EMPLOYMENT CRITERIA, LIKE THE LENGTH OF EMPLOYMENT OR MEETING PRE-DEFINED GOALS. FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2022 ONE DISTRIBUTION WAS MADE FOR ONE PARTICIPANT IN THE AMOUNT OF $125,000. FOR THE FISCAL YEAR ENDED JUNE 30, 2023 TWO DISTRIBUTIONS WERE MADE FOR ONE PARTICIPANT IN THE AMOUNTS OF $125,000 AND $250,000, RESPECTIVELY. A CALIFORNIA ENTERPRISE DEVELOPMENT 352273601 2022-03-01 12967500 ACQUISITION , CONSTRUCTION, RENOVATION OF SCHOOL FACILITIES 0 0 0 A 220518 12967500 8281 8695000 246853 15112 54000 2804032 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 CITY NATIONAL BANK 360.000000000000 0 0 0 NA 0 1 0 A 0 BOB FASS KEY EMPLOYEE 46530 TUITION REMISSION STANDARD EMPLOYEE BENEFIT X 4 40900 MARKET VALUE X CONSTRUCTION PROJECT 2 17850 ESTIMATED FAIR MARKE X FUNDRAISING EVENT 11 12231 ESTIMATED FAIR MARKE X PROGRAM SUPPLIES 2 4330 ESTIMATED FAIR MARKE X CASES OF ALCOHOL 3 1259 ESTIMATED FAIR MARKE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS COMPLETE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS; THESE DOCUMENTS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND ANY EXCEPTIONS ARE REPORTED TO THE HEAD OF SCHOOLS, AUDIT COMMITTEE CHAIR AND CHAIRMAN OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ADMINISTRATION AND CONSULTANTS CONDUCT MARKET RESEARCH BASED ON INDUSTRY STANDARDS IN SIMILAR ORGANIZATIONS WHEN DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE BOARD OF TRUSTEES REVIEWS AND APPROVES TOTAL COMPENSATION, COMPENSATION FOR THE HEAD OF SCHOOLS, AND REVIEWS COMPENSATION PACKAGES FOR OTHER KEY EMPLOYEES. THE HEAD OF SCHOOLS APPROVES COMPENSATION FOR ALL OTHER EMPLOYEES. SAME AS ABOVE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST, WHISTLE-BLOWER AND DOCUMENT RETENTION POLICES, AND FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE GOVERNING BODY. THESE ITEMS ARE AVAILABLE UPON REQUEST TO OTHERS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -63,650. CHANGE IN VALUE OF SWAP AGREEMENT LIABILITY 871,601. 457(F) PLAN II DEFERRED COMP DISTRIBUTION -250,000. MONETIZATION OF REF GIFT 237,669. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RAYMOND M ALF MUSEUM 1175 WEST BASELINE ROAD CLAREMONT CA 91711 953366309 MUSEUM CA 501(C)(3) LINE 7 THE WEBB SCHOOLS 1 WEBB SCHOOLS REAL ESTATE FUND 1175 WEST BASELINE ROAD CLAREMONT CA 91711 201554974 REAL ESTATE FUND CA 501(C)(3) LINE 12A, I THE WEBB SCHOOLS 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0