Webb School Of Knoxville
- Assets
- $127.4m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 372
- Location
- Knoxville, TN
- Founding
- 10/1957
- Data as of
- 05/2022
- EIN
- 62-0550980
Organization Overview
Webb School Of Knoxville is located in Knoxville, TN. The organization was established in 1957. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2022, Webb School Of Knoxville employed 372 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webb School Of Knoxville 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 05/2022, Webb School Of Knoxville generated $27.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $24.1m during the year ending 05/2022. While expenses have increased by 1.2% 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
WE ARE A PRIVATE EDUCATIONAL FACILITY PROVIDING EDUCATIONAL SERVICES FOR GRADES KINDERGARTEN THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
STUDENT ACTIVITIES-ATHLETICS, TRIPS, SPECIAL EVENTS
CLASS RELATED AND OTHER; INSTRUCTIONAL MATERIALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcbrien Trustee | Trustee | $0 | |
Adam Braude Financial Se | Officer | 40 | $167,677 |
Matthew Macdonald Upper School | Officer | 40 | $151,010 |
David Meske Athetic Dire | Officer | 40 | $131,483 |
Jennifer Phillips Middle Schoo | Officer | 40 | $128,012 |
Hugh B Nystrom Development | Officer | 40 | $124,568 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knox-blount Maintenance Inc Housekeeping | 5/30/22 | $367,575 |
Mccarty Holsaple Mccarty Architect | 5/30/22 | $191,287 |
Synergi Partners Cares Act Erc | 5/30/22 | $279,645 |
Priority Coach Transportation | 5/30/22 | $114,385 |
Veracross Software | 5/30/22 | $106,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,135,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,206,339 |
| Total Program Service Revenue | $24,679,436 |
| Investment income | $1,648,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$436,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,386,395 |
| 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. | $1,667,956 |
| Compensation of current officers, directors, key employees. | $150,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,526,958 |
| Pension plan accruals and contributions | $660,789 |
| Other employee benefits | $797,837 |
| Payroll taxes | $805,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $316,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,940 |
| Advertising and promotion | $136,100 |
| Office expenses | $0 |
| Information technology | $86,666 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $122,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $278,387 |
| Interest | $1,188,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,150,581 |
| Insurance | $155,964 |
| All other expenses | $1,742,436 |
| Total functional expenses | $24,125,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,331,260 |
| Pledges and grants receivable | $2,800,723 |
| Accounts receivable, net | $4,750,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $131,758 |
| Prepaid expenses and deferred charges | $4,930 |
| Net Land, buildings, and equipment | $49,977,891 |
| Investments—publicly traded securities | $56,889,903 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,929 |
| Other assets | $474,823 |
| Total assets | $127,416,223 |
| Accounts payable and accrued expenses | $2,591,003 |
| Grants payable | $0 |
| Deferred revenue | $1,715,018 |
| Tax-exempt bond liabilities | $49,485,765 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $185,297 |
| Total liabilities | $53,977,083 |
| Net assets without donor restrictions | $68,306,323 |
| Net assets with donor restrictions | $5,132,817 |
| 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 | $127,416,223 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Webb School Of Knoxville has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Usdin-Weil Foundation New Orleans, LA PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $30 |
Endowment Analysis
| Beg. Balance | $58,426,525 |
| Earnings | $5,586,164 |
| Admin Expense | $837,803 |
| Net Contributions | $540,894 |
| Other Expense | $336,027 |
| Ending Balance | $63,170,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |