Rannie Webster Foundation
- Assets
- $21.8m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 188
- Location
- Rye, NH
- Founding
- 03/1977
- Data as of
- 08/2022
- EIN
- 02-0331198
Organization Overview
Rannie Webster Foundation is located in Rye, NH. The organization was established in 1977. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2022, Rannie Webster Foundation employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rannie Webster Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Rannie Webster Foundation generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $14.9m during the year ending 08/2022. While expenses have increased by 9.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE RANNIE WEBSTER FOUNDATION, A NOT-FOR-PROFIT CHARITABLE FOUNDATION, IN CARRYING OUT THE WISHES OF THE LATE RANNIE WEBSTER, IS TO PROVIDE A CONTINUUM OF HOUSING AND HEALTHCARE SERVICES, WITH AN EMPHASIS ON QUALITY OF LIFE AND QUALITY OF CARE IN AN ATMOSPHERE OF COMPASSION, DIGNITY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FACILITY FOR AGED AND/OR INVALID PERSONS COMPRISED OF 56 ASSISTED LIVING UNITS, 25 MEMORY CARE UNITS, AND A 51 BED NURSING HOME. THE FACILITY SERVED AN AVERAGE OF 104 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Argue CEO | Officer | 20 | $176,393 |
Todd Fernald Administrator | Officer | 40 | $151,035 |
Patricia Roger Director Of Nursing Servic | 40 | $116,690 | |
Amanda Locke Registered Nurse | 40 | $103,703 | |
Rebecca L Helm Chairman -Resigned 8/25/22 | OfficerTrustee | 10 | $0 |
Charles Riopel Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mepa Medical Services Staffing Services | 8/30/22 | $647,228 |
Mecare Staffing Llc Staffing Services | 8/30/22 | $528,713 |
Genesis Eldercare Rehabilitation Service Rehabilitation Services | 8/30/22 | $381,937 |
Prime Time Healthcare Llc Staffing Services | 8/30/22 | $162,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $560,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $581,183 |
| Total Program Service Revenue | $12,605,475 |
| Investment income | $67,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,522,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,704 |
| Compensation of current officers, directors, key employees. | $289,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,329,792 |
| Pension plan accruals and contributions | $104,964 |
| Other employee benefits | $756,318 |
| Payroll taxes | $492,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,923 |
| Fees for services: Accounting | $64,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,769 |
| Fees for services: Other | $619,931 |
| Advertising and promotion | $146,749 |
| Office expenses | $114,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $710,734 |
| Travel | $16,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $613,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $933,478 |
| Insurance | $102,492 |
| All other expenses | $442,832 |
| Total functional expenses | $14,903,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,612 |
| Savings and temporary cash investments | $3,781,234 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $476,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $148,664 |
| Net Land, buildings, and equipment | $14,422,837 |
| Investments—publicly traded securities | $2,773,991 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,500 |
| Total assets | $21,769,366 |
| Accounts payable and accrued expenses | $1,329,682 |
| Grants payable | $0 |
| Deferred revenue | $999,056 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $25,717 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,537,548 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,892,003 |
| Net assets without donor restrictions | $1,399,606 |
| Net assets with donor restrictions | $2,477,757 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,769,366 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rannie Webster Foundation has recieved totaling $6,005.
| Awarding Organization | Amount |
|---|---|
Thomas W Haas Foundation Greenland, NH PURPOSE: CHARITABLE | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $3,219,247 |
| Earnings | -$279,944 |
| Admin Expense | $22,730 |
| Other Expense | $185,660 |
| Ending Balance | $2,730,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |
Richard And Susan Smith Family Foundation Newton, MA | $287,463,199 | $21,143,524 |
Mathworks Foundation Inc Natick, MA | $250,693,701 | $5,650,706 |