2018-04-27T14:24:15-05:00 2017-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2016-07-01 620401875 THE WEBB SCHOOL WEBB 9313899322 PO BOX 488 BELL BUCKLE TN 37020 JOSEPH IORIO BUSINESS MANAGER 9313899322 2018-04-27 1 KEN YOUNGSTEAD P00320901 6152427351 2018-04-26 207.86.221.194 2018-04-27 10:45:00 CD P 938DA74F180CE5FF6646266D0337B595F0CBA12F E12BA3EABB448336F609D8EEEEB903FFDD8FD620 2016 2021-01-29 14:40:06Z JOSEPH IORIO 319 WEBB ROAD EAST BELL BUCKLE TN 37020 24399050 0 X WWW.THEWEBBSCHOOL.COM X 1921 TN PROVIDING EDUCATION TO STUDENTS IN GRADES 6-12, THE WEBB SCHOOL IS THE OLDEST CONTINUOUSLY OPERATING BOARDING SCHOOL IN THE SOUTH. 24 24 166 30 2645 -95467 1692440 1554484 8557636 9061387 933173 3150447 691953 38055 11875202 13804373 1728633 1905583 0 0 5668686 5225250 3175 0 887884 3246448 4230404 10646942 11361237 1228260 2443136 44543863 48603891 5964451 5981064 38579412 42622827 TO TURN OUT YOUNG PEOPLE WHO ARE TIRELESS WORKERS, AND WHO KNOW HOW TO WORK EFFECTIVELY; WHO ARE ACCURATE SCHOLARS; WHO KNOW THE FINER POINTS OF MORALS AND PRACTICE THEM IN THEIR DAILY LIVING; WHO ARE ALWAYS COURTEOUS. 0 0 8219375 1905583 11064478 THE WEBB SCHOOL HAS A 148-YEAR HISTORY OF EXCELLENCE IN SHAPING THE MINDS AND CHARACTERS OF STUDENTS IN GRADES 6-12. OUR SMALL PRIVATE BOARDING SCHOOL COMMUNITY IS COMPRISED OF 321 DAY AND BOARDING STUDENTS FROM 17 COUNTRIES AND 15 STATES. WE EMPHASIZE INDEPENDENT THINKING, CREATIVE INITIATIVE, PERSONAL INTEGRITY, AND CIVIC RESPONSIBILITY. A CHALLENGING ACADEMIC CURRICULUM INCLUDES WEBB'S SIGNATURE EMERGING VOICES PROGRAM, WHICH TEACHES STUDENTS THE VALUE OF PUBLIC SPEAKING AND WRITING. WEBB'S EXTENSIVE OUTDOOR PROGRAM, COMPETITIVE ATHLETIC TEAMS, AND TRAVEL ABROAD OPPORTUNITIES, ALSO HELP PREPARE GRADUATES FOR COLLEGE AND FOR LIFE. WEBB AWARDS ALMOST $2 MILLION IN FINANCIAL AID AND SCHOLARSHIPS TO DESERVING STUDENTS THANKS TO THE GENEROUS SUPPORT OF ALUMNI, FAMILY AND FRIENDS OF THE SCHOOL. 8219375 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 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 34 0 166 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOE IORIO 9313899322 319 HWY 82 BELL BUCKLE TN 370200488 JOHN SAWYER IV CHAIR 2.00 X X 0 0 0 CHARLES ALEXANDER TRUSTEE 0.50 X 0 0 0 ED BARKER TRUSTEE 0.50 X 0 0 0 KEITH BARTON VICE CHAIR 1.00 X X 0 0 0 JAMES BERRY TRUSTEE 0.50 X 0 0 0 DREW CARRINGTON TRUSTEE 0.50 X 0 0 0 PHIL COOP TRUSTEE 0.50 X 0 0 0 STEPHEN GRAHAM TRUSTEE 0.50 X 0 0 0 GEORGE HUDDLESTON JR TRUSTEE 0.50 X 0 0 0 WILLIAM HARDIN TRUSTEE 0.50 X 0 0 0 ROBERT JONES TRUSTEE 0.50 X 0 0 0 GLENN JONES TRUSTEE 0.50 X 0 0 0 SAM LASSETER TRUSTEE 0.50 X 0 0 0 PAUL MARTIN TRUSTEE 0.50 X 0 0 0 JOHN P MATTHEWS IV TRUSTEE 0.50 X 0 0 0 PAT MEADOWS TRUSTEE 0.50 X 0 0 0 JOSEPH W MOONEY TRUSTEE 0.50 X 0 0 0 DR MARY MOSS TRUSTEE 0.50 X 0 0 0 MATTHIAS MURFREE TRUSTEE 0.50 X 0 0 0 KELLY O'DANIEL TRUSTEE 0.50 X 0 0 0 GWEN JONES OWEN TRUSTEE 0.50 X 0 0 0 GEORGE E PINE III TRUSTEE 0.50 X 0 0 0 FORREST SHOAF TRUSTEE 0.50 X 0 0 0 BRIAN SINGER TRUSTEE 0.50 X 0 0 0 RAYMOND S BROADHEAD HEADMASTER 50.00 X 257478 0 29478 JOE IORIO BUSINESS MANAGER/BOARD TREASURER 45.00 X 139090 0 23514 396568 0 52992 2 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 524014 PROFORMA MARKETING AND PRINTING 1027 GLENWOOD AVENUE NASHVILLE TN 37204 PRINTING 102044 2 96161 1458323 234881 1554484 TUITION AND FEES 611110 9049903 9049903 AUXILIARY ENTERPRISES AND ACTIVIT 900099 11484 11484 9061387 1188786 1188786 28421 25776 2645 2645 2645 12504301 300 10542940 0 1961361 300 1961661 1961661 19941 96161 25961 -6020 -6020 MISCELLANEOUS INCOME 611600 41430 41430 41430 13804373 11064478 2645 1182766 1905583 1905583 473559 76597 320365 76597 3791909 2840125 573151 378633 188992 144816 26774 17402 489537 357706 80739 51092 281253 190644 59514 31095 9799 1470 8329 43908 6586 37322 217593 217593 130220 88098 25522 16600 52496 52496 199787 72777 77780 49230 54960 3868 51092 204904 198281 5595 1028 159107 51312 60235 47560 7174 6618 556 116815 87813 24661 4341 892453 677811 182579 32063 149018 58930 90088 REPAIRS AND MAINTENANCE 974708 772136 135162 67410 FOOD 259124 259124 0 0 MISCELLANEOUS EXPENSE 192905 75744 87297 29864 SUPPLIES 156587 156587 0 0 408846 186749 137684 84413 11361237 8219375 2253978 887884 1630330 885012 0 1509406 1195286 970398 24443 17066 44015 37842 124303 129565 29109157 14162870 15113117 14946287 11253806 14902997 15158563 14902820 0 302498 44543863 48603891 639658 447436 1152133 1475052 3914925 3914925 257735 143651 5964451 5981064 X 16626939 17575576 8724521 11051645 13227952 13995606 38579412 42622827 44543863 48603891 X 2443136 1464096 136183 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26412369 368136 4392392 1336120 30960 29805817 27740635 192344 -200936 73640 1246034 26412369 28303198 164682 495841 168654 1054432 27740635 25329237 357565 3792488 101634 1074458 28303198 23674561 342552 2439686 120632 1006930 25329237 0.20000 0.45000 0.35000 1 0 211884 211884 23856294 11662853 12193441 2192021 2004567 187454 2848958 495450 2353508 14946287 LAND 38335 F OTHER BELOW $25,000 10058 F COLLECTIVE INVESTMENT TRUST FUND 1717705 F LIMITED PARTNERSHIPS 4238514 F INTERNATIONAL EQUITY 3326439 F PRIVATE EQUITY 2008319 F REAL ESTATE ASSETS 2685470 F INTERNATIONAL BOND FUND 877980 F 14902820 AGENCY FUNDS 70523 INTEREST RATE SWAP CONTRACT 73128 143651 X 13295284 1464096 149992 1614088 11681196 217594 1905583 2123177 13804373 9251869 13809 13809 9238060 217594 1905583 2123177 11361237 PART V, LINE 4: THE SCHOOL'S 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: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S INCOME TAX RETURN TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE WERE NO PROVISIONS FOR INCOME TAXES, PENALTIES, OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 119,411. UNREALIZED GAIN ON SPLIT INTEREST AGREEMENT 16,772. UNRELATED BUSINESS INCOME - RENTAL EXPENSES 13,809. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION 1,905,583. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME - RENTAL EXPENSES 13,809. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS 1,905,583. 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 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4238514 0 0 0 0 0 0 4238514 0 4238514 1 0 0 1 0 0 PART IV: THE US TRANSFEROR IS A TAX-EXEMPT ENTITY AND THE INCOME WAS NOT UNRELATED BUSINESS INCOME. BELLS AND BUCKLES 105126 96161 8965 1670 17163 720 2437 CRAFTS FESTIVAL 10976 10976 3972 116102 96161 19941 1670 17163 720 6409 25962 -6021 1 FINANCIAL AID TO STUDENTS ATTENDING WEBB SCHOOL 167 0 1905583 FMV 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 234740 0 22738 0 0 0 11685 0 17793 0 286956 0 0 0 JOE IORIO BUSINESS MANAGER/BOARD TREASURER 139090 0 0 0 0 0 9736 0 13778 0 162604 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. MR. BROADHEAD ENTERTAINS STUDENTS, FACULTY, PARENTS, TRUSTEES, AND ALUMNI AT THE HOUSE. THE SCHOOL PROVIDES A DISCRETIONARY SPENDING ACCOUNT OF UP TO $5,000 FOR THE HEADMASTER. DURING THE CURRENT YEAR $1,336.73 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 $11,953.75. PART I, LINE 7: THE HEADMASTER RECEIVED A DISCRETIONARY BONUS APPROVED BY THE BOARD OF DIRECTORS. A INDUSTRIAL DEVELOPMENT BOARD OF THE 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 2016 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 78507 FMV X 1 105000 FMV X AUCTION ITEMS 92 46626 FMV X EVENT UNDERWRITING 4 4538 FMV X MEDICAL KITS 1 110 FMV X LACROSSE EQUIPMENT 1 100 FMV 0 0 0 PART I, COLUMN (B): COLUMN B LISTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE PUBLIC DISCLOSURE VERSION OF 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 ENSURE 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 SIMILAR 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: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 119,411. UNREALIZED GAIN/LOSS ON SPLIT INTEREST AGREEMENT 16,772. FORM 990, PART XII, LINE 2C THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.