2023-05-15T14:39:16-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2021-07-01 951856591 THE WEBB SCHOOLS WEBB 9096263587 1175 W BASELINE ROAD CLAREMONT CA 91711 JANET K PEDDY CFO, ASST SECRETARY 9096263587 2023-05-15 1 JANET PEDDY 999009999 DERRICK DEBRUYNE CPA P00591016 6268577300 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TAYLOR STOCKDALE 1175 W BASELINE ROAD CLAREMONT CA 91711 41050115 0 X WWW.WEBB.ORG X 1955 CA THE MISSION OF THE WEBB SCHOOLS IS TO PROVIDE AN EXEMPLARY LEARNING COMMUNITY. 26 24 222 142 0 0 3895536 12553255 20369763 25604563 1313893 1934654 62767 -18857 25641959 40073615 5377171 5946054 0 0 13045954 13521015 0 0 2177467 7241421 10206267 25664546 29673336 -22587 10400279 97997385 106458525 17021249 19140256 80976136 87318269 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 21965524 5946054 25604563 BOARDING AND DAY SCHOOL INSTRUCTION FOR APPROXIMATELY 405 STUDENTS. 21965524 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 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 68 0 1 222 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 24 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 PRESIDENT, HEAD OF SCHOOLS 40.00 4.25 X X 781795 0 225236 JANET K PEDDY CFO, ASST SECRETARY 40.00 10.00 X X 258420 0 38186 THERESA SMITH PHD ASSOCIATE HEAD OF SCHOOLS 40.00 X 255407 0 64131 JAMILA EVERETT PHD DIR OF ADMISSION 40.00 X 222789 0 65550 ROBERT FASS CHIEF ADVANCEMENT OFFICER 40.00 2.00 X 177049 0 37414 HECTOR MARTINEZ DEAN OF COLLEGE GUIDANCE 40.00 X 141067 0 33470 LAURA WENSLEY SENIOR DIR OF DEVELOPMENT 40.00 X 112440 0 26110 DANIELLE GORDON DIRECTOR OF DEVELOPMENT 40.00 X 110067 0 27869 RONA PANGILINAN CONTROLLER 40.00 X 110725 0 24753 TINA PAREDES DIRECTOR OF ASSET MANAGEMENT 40.00 X 112369 0 13553 SANJAY DHOLAKIA TRUSTEE, CHAIRMAN 5.00 1.00 X X 0 0 0 DAVID LOO TRUSTEE, VICE CHAIR 3.00 X X 0 0 0 CHRISTINA MCGINLEY PHD TRUSTEE, VICE CHAIR, SEC 3.00 X X 0 0 0 BLAKE BROWN TRUSTEE 3.00 X 0 0 0 MICHAEL CHANG TRUSTEE 2.00 X 0 0 0 DEVAL DVIVEDI TRUSTEE 3.00 X 0 0 0 JENNA GAMBARO JD TRUSTEE 2.00 X 0 0 0 BILL HORNBUCKLE TRUSTEE 2.00 X 0 0 0 NAVEEN JEEREDDI TRUSTEE 2.00 X 0 0 0 SANDRA LEE REBISH MD TRUSTEE 2.00 X 0 0 0 JULIA MARCIARI-ALEXANDER PHD TRUSTEE 2.00 X 0 0 0 JENNIFER ISHIGURO TRUSTEE 2.00 X 0 0 0 RAHMI MOWJOOD DO TRUSTEE 2.00 X 0 0 0 JORDAN TAYLOR TRUSTEE 3.00 X 0 0 0 MICKEY NOVAK TRUSTEE 2.00 0.25 X 0 0 0 RJ ROMERO TRUSTEE 2.00 X 0 0 0 MILES R ROSEDALE TRUSTEE 2.00 0.25 X 0 0 0 WENDIN SMITH PHD TRUSTEE 3.00 X 0 0 0 LARA TIEDANS PHD TRUSTEE 2.00 X 0 0 0 DENIS YIP TRUSTEE 2.00 X 0 0 0 MELVIN OLIVER PHD TRUSTEE 2.00 X 0 0 0 LARRY ASHTON TRUSTEE 2.00 5.25 X 0 0 0 LANCE WILLIAMS TRUSTEE 2.00 X 0 0 0 DAVID MYLES PHD TRUSTEE 2.00 0.25 X 0 0 0 2282128 0 556272 15 0 1 0 DEL AMO CONSTRUCTION INC 23840 MADISON ST TORRANCE CA 90505 CONSTRUCTION 1252420 RESOURCE COMPUTER SOLUTIONS INC 2058 N MILLS AVE CLAREMONT CA 91711 INFORMATION TECHNOLOGY 542789 CULINART GROUP INC PO BOX 50196 LOS ANGELES CA 900740196 CULINARY SERVICE 397004 PRECISION OFFSET INC 15201 WOODLAWN AVE TUSTIN CA 92780 PRINTING AND MAILING 163285 PAGE & TURNBULL INC 170 MAIDEN LANE 5TH FLOOR SAN FRANCISCO CA 94108 ARCHITECHTURE AND DESIGN 137336 8 118610 20100 12414545 205512 12553255 TUITION AND FEES 611710 25604563 25604563 25604563 970475 970475 500 226 274 274 274 1869651 905472 964179 964179 964179 14875 118610 65413 -50538 -50538 1271 5389 -4118 -4118 MISCELLANEOUS 611710 35525 35525 35525 40073615 25604563 0 1915797 5946054 5946054 1727190 333447 902459 491284 8960959 6861445 1312757 786757 624681 472478 95349 56854 1542554 1180603 232363 129588 665631 502180 103720 59731 152749 109149 43600 45721 38737 6984 112258 112258 244857 244857 702372 547293 143056 12023 216881 17907 140695 58279 757898 463155 241629 53114 2142762 1094775 1036090 11897 235581 150867 69122 15592 237137 95086 129284 12767 1995 1995 1675398 1541366 117278 16754 656221 521551 108573 26097 STUDENT SUPPORT SERVICE 1015390 1015390 INSTRUCTIONAL MATERIALS 805027 805027 MARKETING & FUNDRAISING 693043 253297 439746 OTHER STUDENT PROGRAMS 284513 284513 226464 23238 203226 29673336 21965524 5530345 2177467 1630375 5685165 12093310 12367874 1702923 1479525 242340 389127 9289 19190 463384 555274 60287148 29179255 30702702 31107893 40766323 37757157 5961766 13460434 4424973 3636886 97997385 106458525 2210299 1579953 3785450 4242863 8757548 12658790 2267952 658650 17021249 19140256 X 41888684 42569445 39087452 44748824 80976136 87318269 97997385 106458525 X 10400279 -5418022 1359876 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 28650274 3409791 1737885 489462 596090 32712398 0.22300 0.72500 0.05200 0 0 5796493 5796493 49456355 25429225 24027130 3243991 2456957 787034 1790309 1293073 497236 31107893 NON US EQUITIES, LEVEL 2 3115751 F PRIVATE PARTNERSHIP 4678763 F HEDGE FUNDS 2186597 F US EQUITIES, LEVEL 2 2116891 F PRIVATE CREDIT 1362432 F 13460434 TRUST LIABILITIES - STUDENT CLUBS 46084 LIABILITIES RE: SWAP AGREEMENT 487221 LIABILITIES RE: SPLIT INTEREST AGREEMENT 125345 658650 X 29258679 -5418022 -5418022 34676701 244857 5152057 5396914 40073615 24296005 0 24296005 244857 5132474 5377331 29673336 PART V, LINE 4: THE SCHOOLS' ENDOWMENT CONSISTS OF APPROXIMATELY 159 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 5,130,479. LOSS ON DISPOSITION OF FIXED ASSET 21,578. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND INSTITUTIONAL SCHOLARSHIPS 5,130,479. TRANSFER FROM GENERAL FUND TO REAL ESTATE FUND 1,995. 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. AFFILIATES EVENT 133485 118610 14875 12056 32395 4000 16962 133485 118610 14875 12056 32395 4000 16962 65413 -50538 1 FINANCIAL AID 138 5946054 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 PRESIDENT, HEAD OF SCHOOLS 781795 0 0 0 0 0 129000 0 96236 0 1007031 0 125000 0 JANET K PEDDY CFO, ASST SECRETARY 245920 0 12500 0 0 0 24423 0 13763 0 296606 0 0 0 THERESA SMITH PHD ASSOCIATE HEAD OF SCHOOLS 255407 0 0 0 0 0 23050 0 41081 0 319538 0 0 0 JAMILA EVERETT PHD DIR OF ADMISSION 222789 0 0 0 0 0 17864 0 47686 0 288339 0 0 0 ROBERT FASS CHIEF ADVANCEMENT OFFICER 177049 0 0 0 0 0 18077 0 19337 0 214463 0 0 0 HECTOR MARTINEZ DEAN OF COLLEGE GUIDANCE 141067 0 0 0 0 0 14145 0 19325 0 174537 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 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 42684 12967500 8281 8695000 246853 15112 54000 3989035 2024 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 FORM 990, SCHEDULE K: BOND EXPENDITURES NOT REIMBURSED WITH BOND FUNDS DURING FY22 FOR $720,425. DR THERESA SMITH KEY EMPLOYEE 44955 TUITION REMISSION STANDARD EMPLOYEE BENEFIT BOB FASS KEY EMPLOYEE 44955 TUITION REMISSION STANDARD EMPLOYEE BENEFIT X 7 204162 MARKET VALUE X WINE 6 1350 ESTIMATED FAIR MARKE 0 1 0 PART I, COLUMN (B): THE SCHOOL RECEIVED MULTIPLE DONATIONS 6 CASES OF WINE. ALSO, 7 STOCKS WERE DONATED TO THE SCHOOL AT MARLET VALUE. 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 -62,668. CHANGE IN VALUE OF SWAP AGREEMENT LIABILITY 1,444,122. LOSS OF DISPOSITION OF FIXED ASSETS -21,578. FORM 990, PART XII, LINE 2C: THE SCHOOLS HAVE NOT CHANGED THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX 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