2022-05-16T08:40:28-04:00 2021-06-30 990 2020-07-01 111630912 WEBB INSTITUTE % Richard Keith Michel WEBB 5166712213 298 CRESCENT BEACH RD GLEN COVE NY 11542 Richard Keith Michel President 2022-05-16 false 2020 2022-09-23 18:48:47Z Richard Keith Michel 298 CRESCENT BEACH RD GLEN COVE NY 115421398 51428248 false X www.webb.edu X 1888 NY To inspire and educate tomorrow's leaders in an extraordinary learning community focused on engineering and design in the marine field. 30 29 48 0 -7769 0 2978559 4318742 6247596 6878586 2784164 11324290 517118 32801 12527437 22554419 5291433 5416030 0 0 4127649 4220942 0 0 433968 3425412 4036650 12844494 13673622 -317057 8880797 91466564 108979783 6054007 5933715 85412557 103046068 To inspire and educate tomorrow's leaders in an extraordinary learning community focused on engineering and design in the marine field. false false 11085747 5416030 6911387 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. 11085747 true true false false false false false true false true true true false false true true true false true false false false false false false false false false true true false false false false false false true false true false false false false false false false false true 14 0 true 48 true false false false false false false false 0 false false false false false X 30 29 false false false false false false false true true false false false true true true true true true true false X X Webb Institute - Rhonda Lightcap 5164035390 298 CRESCENT BEACH RD GLEN COVE NY 115421398 Bruce Rosenblatt Chariman 12.00 0.00 X X 0 0 0 Jon LaBerge Vice Chairman 8.00 0.00 X X 0 0 0 Greggory Mendenhall Treasurer 8.00 0.00 X X 0 0 0 Mark Martecchini Secretary 8.00 0.00 X X 0 0 0 R Keith Michel President 40.00 0.00 X X 220500 0 27348 Christopher Allard Trustee 4.00 0.00 X 0 0 0 Sherice Arman Trustee 4.00 0.00 X 0 0 0 David Bovet Trustee 6.00 0.00 X 0 0 0 George Campbell Jr Trustee 6.00 0.00 X 0 0 0 CDR Richard Celotto Trustee 6.00 0.00 X 0 0 0 Nolan Conway Trustee 4.00 0.00 X 0 0 0 John Couch Trustee 6.00 0.00 X 0 0 0 Joseph Cuneo Trustee 8.00 0.00 X 0 0 0 Hampton Dixon Trustee 6.00 0.00 X 0 0 0 Victoria Dlugokecki Trustee 4.00 0.00 X 0 0 0 John Edgar III Trustee 4.00 0.00 X 0 0 0 Fernando Frimm Trustee 4.00 0.00 X 0 0 0 Alison Granger Trustee 8.00 0.00 X 0 0 0 Manuel Hontoria Trustee 6.00 0.00 X 0 0 0 Roderick MacKinnon Trustee 4.00 0.00 X 0 0 0 John Malone Trustee 6.00 0.00 X 0 0 0 Eugene Miller Trustee 4.00 0.00 X 0 0 0 Wombi Rose Trustee 6.00 0.00 X 0 0 0 Philip Shapiro Trustee 4.00 0.00 X 0 0 0 Monique Sinmao Trustee 4.00 0.00 X 0 0 0 Paul Sullivan Trustee 6.00 0.00 X 0 0 0 Luther Tai Trustee 6.00 0.00 X 0 0 0 Kirsi Tikka Trustee 6.00 0.00 X 0 0 0 Jennifer Waters Trustee 8.00 0.00 X 0 0 0 Christopher Wiernicki Trustee 4.00 0.00 X 0 0 0 Matthew Werner Dean 40.00 0.00 X 179830 0 13131 Anthony Zic Development Director 40.00 0.00 X 154800 0 40647 Neil Gallagher Professor 35.00 0.00 X 138802 0 39527 Richard Royce Director of Research-Professor 35.00 0.00 X 146157 0 22769 Richard Harris Prrofessor 35.00 0.00 X 146132 0 11397 Bradley Golden Professor 35.00 0.00 X 102424 0 36976 Michael Martin Professor 35.00 0.00 X 108374 0 28629 1197019 0 220424 12 false true false DHI Construction Services Inc 3000 Marcus Avenue Ste 1W12 Lake Success NY 11042 Construction 2601521 Paul Todd Inc 32 Cottage Row Glen Cove NY 11542 Construction 551070 FLIK -Compass Group USA PO Box 417632 Boston MA 022417632 Food Service 445411 Bentel & Bentel LLP 22 Buckram Road Locust Valley NY 11560 Architect 257535 Cambridge Associates LLC PO Box 412015 Boston Boston MA 022412015 Investment Advisory Services 155500 6 0 0 0 0 0 4318742 336173 4318742 Tuition 611600 5242000 5242000 0 0 Room and Board 611600 1636586 1636586 0 0 6878586 2396336 0 -7769 2404105 0 0 0 0 0 0 0 0 0 0 0 0 37790448 0 28862494 0 8927954 0 8927954 0 0 8927954 0 0 0 0 0 0 0 0 0 0 0 0 18243 11335 6908 6908 0 0 Other activity 900099 25893 25893 0 0 25893 22554419 6911387 -7769 11332059 0 0 5416030 5416030 0 0 648189 198311 248475 201403 0 0 0 0 2733342 2084117 504065 145160 183946 138500 35285 10161 408117 287994 92685 27438 247348 173304 51293 22751 0 0 0 0 12850 0 12850 0 44054 0 44054 0 0 0 0 0 0 0 291179 0 291179 0 267055 214544 52511 0 30431 10696 10964 8771 31755 18881 10094 2780 273859 197789 62466 13604 0 0 0 0 331925 264046 67879 0 0 0 0 0 0 0 0 0 8981 8031 561 389 52848 0 52848 0 0 0 0 0 1279256 1017648 261608 0 246451 0 246451 0 Food Services 566991 566991 0 0 Student Services 130697 130697 0 0 Repairs and Maintenance 320944 255657 65287 0 Other Expenses 147374 102511 43352 1511 13673622 11085747 2153907 433968 27871 38131 1274640 417593 1064371 770055 101642 197823 0 0 0 0 37561 0 20030 16970 269417 239990 44464274 18189742 24636555 26274532 31904935 60357302 31695430 20229615 0 0 0 0 434112 437772 91466564 108979783 1006615 312614 0 0 0 0 0 0 0 0 0 0 4264778 4770575 0 0 782614 850526 6054007 5933715 X 71006083 85015610 14406474 18030458 85412557 103046068 91466564 108979783 8880797 8752714 0 0 0 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 18782817 203227 5826494 240315 234909 0 24337314 22901612 672152 -300214 296283 4194450 0 18782817 29269348 2326908 926751 410561 9210834 0 22901612 26487553 2656601 1483084 394065 963825 0 29269348 23079520 1878812 2392857 399950 463686 0 26487553 0.41 0.15 0.44 false false 0 654957 654957 0 31363887 7124524 24239363 0 0 0 0 0 10793756 9452767 1340989 0 1651674 1612451 39223 26274532 0 F 0 F Carlyle Mezzanine Partners L.P. 33169 F Carlyle Strategic Partners II L.P. 69573 F Adage Capital Management L.P. 13011508 F Commonfunds 99993 F Kiltearn Global Equity Fund 3498628 F Lexin 34424 F Renaissance Institutional Equities Fund LLC 3482320 F 20229615 Liability under split interest agreements 137484 Refundable Advance 713042 850526 X 25599924 8752714 0 0 0 8752714 16847210 291179 5416030 5707209 22554419 7966413 0 0 0 0 0 7966413 291179 5416030 5707209 13673622 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. true true true true true true true false false false false false false false false true false true 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. true Tuition Scholarships 102 0 5238573 Book Scholarships to cover tuition. Room and Board Scholarships 33 0 162817 Book Scholarships applied to room and board and student fees. Couch Design Software Assistance 102 0 14640 Book Assistance to cover the cost of design software. 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| X true true X X X X false false false false false false false true false R Keith Michel President 220500 0 0 0 0 0 15435 0 11913 0 247848 0 0 0 Matthew Werner Dean 179830 0 0 0 0 0 12588 0 543 0 192961 0 0 0 Anthony Zic Development Director 154800 0 0 0 0 0 10836 0 29811 0 195447 0 0 0 Neil Gallagher Professor 138802 0 0 0 0 0 9716 0 29811 0 178329 0 0 0 Richard Royce Director of Research-Professor 146157 0 0 0 0 0 10231 0 12538 0 168926 0 0 0 Richard Harris Prrofessor 146132 0 0 0 0 0 10229 0 1168 0 157529 0 0 0 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. Alicia Edgar Spouse of Trustee 24995 Employment-Institutional Outreach false X 16 336173 Avg High Low Mkt-Gift Date Avg High Low Mkt-Gift Date Avg High Low Mkt-Gift Date Avg High Low Mkt 0 false true false FormAndLineReferenceDesc: Part I, Column(b) 9.Securities - Publicly traded-Number Of Item Contributed: 16 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.