WEBB SCHOOL: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: WEBB SCHOOL (EIN 62-0401875)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-02-12
IRS object ID: 201320439349301627
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-12T16:56:13-06:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	621736974	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DEMPSEY VANTREASE & FOLLIS PLLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	630 S CHURCH ST STE 300	AddressLine1
City	MURFREESBORO	City
State	TN	State
ZIP Code	37130	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	620401875	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE WEBB SCHOOL	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	WEBB	NameControl
Phone	9313899322	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 488	AddressLine1
City	BELL BUCKLE	City
State	TN	State
ZIP Code	37020	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JOE IORIO	Name
Title	BUSINESS MANAGER	Title
Phone	6153899322	Phone
Date Signed	2013-02-12	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MARK E FOLLIS CPA	Name
PTIN	P01283359	PTIN
Phone	6158936666	Phone
Date Prepared	2013-02-11	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JOE IORIO	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	319 WEBB ROAD EAST	AddressLine1
City	BELL BUCKLE	City
State	TN	State
ZIP Code	37020	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	14403338	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.THEWEBBSCHOOL.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1921	YearFormation
State Legal Domicile	TN	StateLegalDomicile
Activity Or Mission Description	EDUCATION GRADES 6-12	ActivityOrMissionDescription
Nbr Voting Members Governing Body	22	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	22	NbrIndependentVotingMembers
Total Nbr Employees	140	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	-30633	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	648113	ContributionsGrantsPriorYear
Contributions Grants Current Year	2874102	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	7083368	ProgramServiceRevenuePriorYear
Program Service Revenue CY	7283806	ProgramServiceRevenueCY
Investment Income Prior Year	1649743	InvestmentIncomePriorYear
Investment Income Current Year	1724397	InvestmentIncomeCurrentYear
Other Revenue Prior Year	61508	OtherRevenuePriorYear
Other Revenue Current Year	131837	OtherRevenueCurrentYear
Total Revenue Prior Year	9442732	TotalRevenuePriorYear
Total Revenue Current Year	12014142	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	1385083	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	1223050	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	4615825	SalariesEtcPriorYear
Salaries Etc Current Year	4723640	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	9600	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	546179	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2725665	OtherExpensePriorYear
Other Expenses Current Year	2692157	OtherExpensesCurrentYear
Total Expenses Prior Year	8726573	TotalExpensesPriorYear
Total Expenses Current Year	8648447	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	716159	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	3365695	RevenuesLessExpensesCY
Total Assets BOY	33589210	TotalAssetsBOY
Total Assets EOY	35972836	TotalAssetsEOY
Total Liabilities BOY	2295561	TotalLiabilitiesBOY
Total Liabilities EOY	2285214	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	31293649	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	33687622	NetAssetsOrFundBalancesEOY
Mission Description	EDUCATION; GRADES 6-12	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	6248965	Expense
Grants	1223050	Grants
Revenue	7315733	Revenue
Description	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	Description
Total Program Service Expense	6248965	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	1	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	1	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	47	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	140	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	1	QuidProQuoContributions
Quid Pro Quo Disclosure	1	QuidProQuoDisclosure
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	22	NbrVotingGoverningBodyMembers
Number Independent Voting Members	22	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	JOE IORIO	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	9313899322	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	319 HWY 82	AddressLine1
City	BELL BUCKLE	City
State	TN	State
ZIP Code	370200488	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (45 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
GEORGE PINE III
CHAIR	2.00	X	X	0	0	0
CHARLES ALEXANDER
TRUSTEE	0.50	X		0	0	0
S NORFLEET ANTHONY JR
TRUSTEE EMERITUS	0.50	X		0	0	0
KEITH BARTON
TRUSTEE	1.00	X		0	0	0
ANN BOWERS
TRUSTEE	0.50	X		0	0	0
JAMES BERRY
VICE CHAIR	0.50	X		0	0	0
LEWIS BRANSCOMB
TRUSTEE EMERITUS	0.50	X		0	0	0
HUGH BYRD
TRUSTEE EMERITUS	0.50	X		0	0	0
LEE WOOSLEY
TRUSTEE	0.50	X		0	0	0
DREW CARRINGTON
TRUSTEE	1.00	X		0	0	0
ED DAVIES
TRUSTEE EMERITUS	0.50	X		0	0	0
HUGH ELDREDGE
TRUSTEE EMERITUS	0.50	X		0	0	0
R WALTER HALE III
TRUSTEE EMERITUS	0.50	X		0	0	0
GEORGE HUDDLESTON SR
TRUSTEE	0.50	X		0	0	0
JENNY HUNT
TRUSTEE	0.50	X		0	0	0
STEVEN GRAHAM
TRUSTEE	0.50	X		0	0	0
THOMAS LISENBY
TRUSTEE EMERITUS	0.50	X		0	0	0
JAMES MCDONNELL
TRUSTEE EMERITUS	0.50	X		0	0	0
PAUL JENNINGS
TRUSTEE	0.50	X		0	0	0
JAMES MEADOWS
TRUSTEE EMERITUS	0.50	X		0	0	0
JOSEPH MOONEY
TRUSTEE	1.00	X		0	0	0
J GARNER MOORE III
TRUSTEE EMERITUS	0.50	X		0	0	0
MARY MOSS
TRUSTEE	0.50	X		0	0	0
SMITH MURPHEY IV
TRUSTEE EMERITUS	0.50	X		0	0	0
MATTHIAS MURFREE
TRUSTEE	0.50	X		0	0	0
WAYNE ROGERS JR
TRUSTEE	0.50	X		0	0	0
JOHN SAWYER
TRUSTEE	0.50	X		0	0	0
WILSON SIMS SR
TRUSTEE EMERITUS	0.50	X		0	0	0
FRED SINGER
TRUSTEE EMERITUS	0.50	X		0	0	0
FRANK SMITH JR
TRUSTEE EMERITUS	0.50	X		0	0	0
CHARLES STEPHENS
TRUSTEE EMERITUS	0.50	X		0	0	0
R BLAIR STEPHENS
TRUSTEE EMERITUS	0.50	X		0	0	0
E W STEPHENSON JR
TRUSTEE	1.00	X		0	0	0
PAUL STUMB III
TRUSTEE EMERITUS	0.50	X		0	0	0
ADRIENNE UNDERHILL
TRUSTEE EMERITUS	0.50	X		0	0	0
RUSKIN VEST JR
TRUSTEE	0.50	X		0	0	0
EUGENIA H CAMMACK
TRUSTEE EMERITUS	0.50	X		0	0	0
GLENN JONES
TRUSTEE	0.50	X		0	0	0
DAVID LAROCHE
TRUSTEE	0.50	X		0	0	0
WALTER MANLEY
TRUSTEE	0.50	X		0	0	0
AMY ROGERS
TRUSTEE	0.50	X		0	0	0
HUNTER WELLES
TRUSTEE	0.50	X		0	0	0
WILLIAM H HUDDLESTON IV
TRUSTEE	0.50	X		0	0	0
JOE IORIO
BUSINESS MANAGER	45.00		X	111465	0	18821
RAYMOND S BROADHEAD
HEADMASTER	50.00		X	196330	0	38794

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	307795	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	57615	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
All Other Contributions	2874102	AllOtherContributions
Total Contributions	2874102	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	TUITION AND FEES	Description
Business Code	611600	BusinessCode
Total Revenue Column	7283806	TotalRevenueColumn
Related Or Exempt Function Income	7283806	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	7283806	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1032150	TotalRevenueColumn
Exclusion	$1,032,150	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	99910	TotalRevenueColumn
Exclusion	$99,910	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	3080240	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	2387993	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	692247	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	692247	TotalRevenueColumn
Exclusion	$692,247	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	639	GrossSalesOfInventory
Cost Of Goods Sold	1203	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-564	TotalRevenueColumn
Related Or Exempt Function Income	-564	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MISCELLANEOUS INCOME	611600	26076	26076
ARTS AND CRAFTS FAIR	611600	6415	6415

Field	Value	IRS element (for citing)
Total Other Revenue	32491	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	12014142	TotalRevenueColumn
Related Or Exempt Function Income	7315733	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$1,824,307	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	1223050	Total
Program Services	1223050	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	376336	Total
Management And General	376336	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	3466529	Total
Program Services	2544703	ProgramServices
Management And General	593113	ManagementAndGeneral
Fundraising	328713	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	175540	Total
Program Services	120056	ProgramServices
Management And General	41093	ManagementAndGeneral
Fundraising	14391	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	446217	Total
Program Services	335277	ProgramServices
Management And General	73473	ManagementAndGeneral
Fundraising	37467	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	259018	Total
Program Services	172602	ProgramServices
Management And General	61685	ManagementAndGeneral
Fundraising	24731	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	3414	Total
Management And General	3414	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	31560	Total
Management And General	31560	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	9600	Total
Fundraising	9600	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	77761	Total
Management And General	77761	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	3850	Total
Management And General	3850	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	62753	Total
Management And General	62753	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	280702	Total
Program Services	163684	ProgramServices
Management And General	63266	ManagementAndGeneral
Fundraising	53752	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1600	Total
Program Services	1600	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	573468	Total
Program Services	484135	ProgramServices
Management And General	78940	ManagementAndGeneral
Fundraising	10393	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	213453	Total
Program Services	129749	ProgramServices
Management And General	53274	ManagementAndGeneral
Fundraising	30430	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	35303	Total
Program Services	31900	ProgramServices
Fundraising	3403	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	659535	Total
Program Services	562266	ProgramServices
Management And General	89727	ManagementAndGeneral
Fundraising	7542	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	87633	Total
Program Services	74716	ProgramServices
Management And General	11918	ManagementAndGeneral
Fundraising	999	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
FOOD FOR CAFETERIA	200592	200592
BAD DEBTS	148472		148472
STUDENT ACTIVITIES	103622	103622
STUDENT SPORTS	70834	70834

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	137605	Total
Program Services	30179	ProgramServices
Management And General	82668	ManagementAndGeneral
Fundraising	24758	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	8648447	Total
Program Services	6248965	ProgramServices
Management And General	1853303	ManagementAndGeneral
Fundraising	546179	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	442889	BOY
EOY	2020093	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	202914	BOY
EOY	1596199	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	260567	BOY
EOY	165851	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	78124	BOY
EOY	64857	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	61496	BOY
EOY	72700	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	20195837	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	11817263	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	8615006	BOY
EOY	8378574	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	15304850	BOY
EOY	15698360	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	8623364	BOY
EOY	7976202	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	33589210	BOY
EOY	35972836	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	593606	BOY
EOY	389119	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	441122	BOY
EOY	753288	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	963006	BOY
EOY	850506	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	152637	BOY
EOY	138172	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	145190	BOY
EOY	154129	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	2295561	BOY
EOY	2285214	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	12279728	BOY
EOY	12674914	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	7398866	BOY
EOY	9288710	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	11615055	BOY
EOY	11723998	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	31293649	BOY
EOY	33687622	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	33589210	BOY
EOY	35972836	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	3365695	ReconcilationRevenueExpenses
Reconcilation Other Changes	-971722	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	23928214	BeginningOfYearBalance
Contributions	98223	Contributions
Investment Earnings Or Losses	770432	InvestmentEarningsOrLosses
Grants Or Scholarships	2836	GrantsOrScholarships
Other Expenditures	1119472	OtherExpenditures
End Of Year Balance	23674561	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	21725848	BeginningOfYearBalance
Contributions	57511	Contributions
Investment Earnings Or Losses	3341829	InvestmentEarningsOrLosses
Grants Or Scholarships	302549	GrantsOrScholarships
Other Expenditures	894425	OtherExpenditures
End Of Year Balance	23928214	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	20617075	BeginningOfYearBalance
Contributions	105023	Contributions
Investment Earnings Or Losses	2308230	InvestmentEarningsOrLosses
Grants Or Scholarships	210774	GrantsOrScholarships
Other Expenditures	1093706	OtherExpenditures
End Of Year Balance	21725848	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	24013463	BeginningOfYearBalance
Contributions	184436	Contributions
Investment Earnings Or Losses	-2280969	InvestmentEarningsOrLosses
Grants Or Scholarships	204001	GrantsOrScholarships
Other Expenditures	1095854	OtherExpenditures
End Of Year Balance	20617075	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.22000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.48000	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.30000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	1	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	76884	OtherCostOrOtherBasis
Book Value	76884	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	16584485	OtherCostOrOtherBasis
Depreciation	8677343	Depreciation
Book Value	7907142	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3013648	OtherCostOrOtherBasis
Depreciation	2732206	Depreciation
Book Value	281442	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	520820	OtherCostOrOtherBasis
Depreciation	407714	Depreciation
Book Value	113106	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	8378574	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
INVESTMENT FUND- MONEY MARKET	312019	F
LIMITED PARTNERSHIPS	7664183	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	7976202	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DEPOSITS AND OTHER LIABILITIES	Description
Amount	$154,129	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	154129	TotalOfAmounts
Total Revenue	12014142	TotalRevenue
Total Expenses	8648447	TotalExpenses
Excess Or Deficit For Year	3365695	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-975653	NetUnrealizedGLOnInvestments
Other	$3,931	OtherAmount
Total Adjustments	-971722	TotalAdjustments
Excess Or Deficit Per FS	2393973	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	9738880	TotRevenueEtcAuditedFinclStmt
Other Revenues	-974451	OtherRevenues
Revenue Not Rptd F990	-974451	RevenueNotRptdF990
Revenue Subtotal	10713331	RevenueSubtotal
Investment Expenses Not Included	77761	InvestmentExpensesNotIncluded
Other Revenues Not Included	1223050	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	1300811	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	12014142	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	7348838	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	1202	OtherExpensesIncluded
Expenses Not Rptd F990	1202	ExpensesNotRptdF990
Expenses Subtotal	7347636	ExpensesSubtotal
Investment Expenses Not Included2	77761	InvestmentExpensesNotIncluded2
Other Expenses Not Included	1223050	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	1300811	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	8648447	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:	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%.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	THE SCHOOL IS A TAX EXEMPT INSTITUTION UNDER IRC 501C3, 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 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 IN 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 30,2012 THE SCHOOLS TAX RETURNS RELATED TO FISCAL YEARS ENDED JUNE 30,2008 THROUGH JUNE 30,2012 REMAIN OPEN TO EXAMINATION BY THE TAX AUTHORITIES.
PART XI, LINE 8 - OTHER ADJUSTMENTS:		CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 11,911. CHANGE IN VALUE OF INTEREST RATE SWAP -7,980. TOTAL TO SCHEDULE D, PART XI, LINE 8: 3,931.
PART XII, LINE 2D - OTHER ADJUSTMENTS:		COST OF GOODS SOLD 1,202. UNREALIZED LOSS ON INVESTMENTS -975,653.
PART XII, LINE 4B - OTHER ADJUSTMENTS:		STUDENT AID/SCHOLARSHIPS 1,223,050. FOOD FOR SUMMER CAMPS
PART XIII, LINE 2D - OTHER ADJUSTMENTS:		COST OF GOODS SOLD 1,202.
PART XIII, LINE 4B - OTHER ADJUSTMENTS:		STUDENT AID/SCHOLARSHIPS 1,223,050. FOOD FOR SUMMER CAMPS

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	1	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	1	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	1	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	1	MaintRacialCompositionRecords
Maint Scholarships Records	1	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	1	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	1	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	0	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	0	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	0	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	0	DiscriminateRaceScholarships
Discriminate Race Educ Policies	0	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	0	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	0	DiscriminateRaceOtherActy
Government Financial Aid Received	0	GovernmentFinancialAidReceived
Government Financial Aid Revoked	0	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	1	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION	Identifier
Return Reference	SCHEDULE E, PART I, LINE 3	ReturnReference
Explanation	THE SCHOOL PUBLISHES THE NONDISCRIMINATION POLICY IN THE LOCAL NEWSPAPER IN THE FALL EACH YEAR AND IN THE SCHOOL PUBLICATIONS	Explanation

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	FINANCIAL AID TO STUDENTS ATTENDING WEBB SCHOOL	TypeOfGrant
Number Of Recipients	118	NumberOfRecipients
Amount Of Cash Grant	1223050	AmountOfCashGrant
Description Of Non Cash Assistance	STUDENT FINANCIAL AID	DescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURE FOR MONITORING GRANTS IN THE U.S.:	Identifier
Return Reference	PART I, LINE 2:	ReturnReference
Explanation	SCHEDULE I, 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.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Discretionary Spending Account	X	DiscretionarySpendingAccount
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Written Policy Re T And E Expenses	0	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	1	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	1	AnyNonFixedPayments
Initial Contract Exception	0	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	RAYMOND S BROADHEAD	NamePerson
Base Compensation Filing Org	186330	BaseCompensationFilingOrg
Comp Based On Related Orgs	0	CompBasedOnRelatedOrgs
Bonus Filing Org	10000	BonusFilingOrg
Bonus Related Orgs	0	BonusRelatedOrgs
Other Compensation Filing Org	0	OtherCompensationFilingOrg
Other Compensation Related Orgs	0	OtherCompensationRelatedOrgs
Deferred Comp Filing Org	18187	DeferredCompFilingOrg
Deferred Comp Related Orgs	0	DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org	20607	NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs	0	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	235124	TotalCompensationFilingOrg
Total Compensation Related Orgs	0	TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org	0	CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs	0	CompReportPrior990RelatedOrgs

Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)

Return ReferenceReturnReference	ExplanationExplanation
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 4B	RAYMOND BROADHEAD,THE SCHOOL HEADMASTER, IS PROVIDED WITH A NON QUALIFIED SUPPLEMENTAL RETIREMENT BENEFIT THAT HE IS ENTITLE TO RECEIVE UPON RETIREMENT IF HE MEETS CERTAIN CONDITIONS. THE AMOUNT ACCRUED IN THE PLAN FOR YE 6-30-12 WAS $9,450
PART I, LINE 7	THE HEADMASTER RECEIVED A DISCRETIONARY BONUS APPROVED BY THE BOARD OF DIRECTORS.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
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 COMPLY 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 5:	NET UNREALIZED LOSSES ON INVESTMENTS: -975,653. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 11,911. CHANGE IN VALUE OF INTEREST RATE SWAP -7,980. TOTAL TO FORM 990, PART XI, LINE 5: -971,722.	CHANGES IN NET ASSETS OR FUND BALANCES: