Webb Foundation
- Assets
- $5.9m
- Revenue
- $162.9k
- Investments
- $3.2m
- Employees
- 0
- Location
- Winthrop Harbor, IL
- Founding
- 11/1969
- Data as of
- 12/2022
- EIN
- 23-7028768
Organization Overview
Webb Foundation is located in Winthrop Harbor, IL. The organization was established in 1969. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webb 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 12/2022, Webb Foundation generated $162.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $378.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Webb Foundation has awarded 416 individual grants totaling $2,818,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna S Preves Advisor | 0.1 | $0 | |
Linda Barry Administrato | 40 | $18,000 | |
John Barry Advisor | 0.1 | $0 | |
Robert Preves Investment M | 5 | $14,400 | |
Greg Preves Secretary | 40 | $14,400 | |
Meghan Barry Advisor | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $554 |
| Dividends & Interest | $149,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,273 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $162,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,765 |
| Printing and publications | $0 |
| Other expenses | $2,476 |
| Total operating and administrative expenses | $55,931 |
| Contributions, gifts, grants paid | $323,000 |
| Total expenses and disbursements | $378,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,380 |
| Savings and temporary cash investments | $2,367,425 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,926,278 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Webb Foundation has awarded $323,000 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ALAIN LOCKE CHARTER SCHOOL PURPOSE: HIGHER ED & CAREER COUNSELING | $7,500 |
CAMP BRIMSHIRE PURPOSE: CAMP GROUND REFURBISH PRGM | $7,500 |
ALICIA'S HOUSE PURPOSE: FOOD PANTRY | $5,000 |
CAMP WARTBURG PURPOSE: PICNIC TABLES & TENT | $5,000 |
CENTER FOR HEARING & SPEECH PURPOSE: COMMUNICATION HEALTH FOR LOW INCOME | $3,500 |
CENTRAL INSTITUTE FOR THE DEAF PURPOSE: SCHOOL PROGRAMS | $5,000 |