2024-05-14T12:56:13-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 201554974 THE WEBB SCHOOLS REAL ESTATE FUND WEBB 9096263587 1175 WEST BASELINE ROAD CLAREMONT CA 91711 JANET K PEDDY TRUSTEE 9096263587 2024-05-10 1 JANET PEDDY 999009999 0 DERRICK DEBRUYNE CPA P00591016 6268577300 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JANET K PEDDY 1175 WEST BASELINE ROAD CLAREMONT CA 91711 309514 0 X N/A X 2004 CA THE REAL ESTATE TRUST LIQUIDATES GIFTS OF LAND IN SUPPORT OF ITS RELATED ORGANIZATIONS' MISSIONS. 4 2 0 4 0 0 471995 3170 0 0 0 1344 0 0 471995 4514 0 0 0 0 0 0 0 0 0 11768 3170 11768 3170 460227 1344 775000 470000 70728 2053 704272 467947 THE REAL ESTATE TRUST RECEIVES GIFTS OF LAND, WHICH ARE IN TURN LIQUIDATED AND THE PROCEEDS TRANSFERRED TO THE WEBB SCHOOLS OR THE RAYMOND M. ALF MUSEUM OF PALEONTOLOGY IN SUPPORT OF THE DONOR'S INTENTION AND IN SUPPORT OF THE ORGANIZATION'S MISSION. 0 0 3170 THE TRUST ACCEPTS GIFTS OF DONATED PROPERTY WITH THE INTENT OF SELLING THESE ASSETS AND TRANSFERRING THE PROCEEDS TO THE WEBB SCHOOLS OR THE RAYMOND M. ALF MUSEUM OF PALEONTOLOGY TO FURTHER THEIR CHARITABLE PURPOSE. 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X JANET PEDDY TRUSTEE 9096263587 1175 W BASELINE RD CLAREMONT CA 917112199 TAYLOR B STOCKDALE TRUSTEE 0.25 40.00 X X 0 547960 201754 JANET K PEDDY TRUSTEE 0.25 40.00 X X 0 269477 39708 LARRY ASHTON JR TRUSTEE 0.25 7.00 X 0 0 0 DAVID MYLES TRUSTEE 0.25 2.00 X 0 0 0 0 817437 241462 0 0 1 0 0 3170 3170 306344 305000 1344 1344 1344 4514 0 0 1344 ACCOUNTING FEES 3170 3170 3170 0 3170 0 775000 470000 775000 470000 70728 2053 70728 2053 X 704272 467947 704272 467947 775000 470000 X 1344 -237669 X X 0 1 X 1 0 X X 1 THE WEBB SCHOOLS 951856591 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 LAND HELD FOR SALE - IDYLLWILD PROPERTY 470000 470000 DUE TO THE WEBB SCHOOLS 2053 2053 X 1344 0 1344 3170 3170 4514 3170 0 3170 0 3170 PART X, LINE 2: THE TRUST HAS EVALUATED TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL OR STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO THE TRUST'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. 0 1 0 0 0 0 0 0 0 TAYLOR B STOCKDALE TRUSTEE 0 422138 0 125822 0 0 0 130500 0 71254 0 749714 0 0 JANET K PEDDY TRUSTEE 0 252793 0 12500 0 4184 0 25279 0 14429 0 309185 0 0 PART I, LINE 4B THE WEBB SCHOOLS FUND TWO 457(F) PLANS. AS DEFINED BY EMPLOYMENT CONTRACT, EACH PLAN HAS SPECIFIC CONTRIBUTION AND PAYMENT SCHEDULES, BASED ON CERTAIN EMPLOYMENT CRITERIA, LIKE THE LENGTH OF EMPLOYMENT OR MEETING PRE-DEFINED GOALS. FOR THE FISCAL YEAR ENDED JUNE 30, 2023 TWO DISTRIBUTIONS WERE MADE FOR ONE PARTICIPANT IN THE AMOUNT $125,000 AND $250,000. IN THE CALENDAR YEAR ENDED DECEMBER 31, 2022, ONE DISTRIBUTION WAS MADE TO ONE PARTICIPANT IN THE AMOUNT OF $125,000. FORM 990, PART VI, SECTION A, LINE 6 THE WEBB SCHOOLS IS THE SINGLE MEMBER WITH ASSOCIATED RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE WEBB SCHOOLS HAS THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE WEBB SCHOOLS' CHIEF FINANCIAL OFFICER, WHO IS ALSO A TRUSTEE OF THE REAL ESTATE TRUST (REF). THE FORM 990 IS THEN CIRCULATED TO ALL OTHER REF TRUSTEES FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL REF TRUSTEES SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. COMPLETED FORMS ARE REVIEWED BY THE WEBB SCHOOLS' CHIEF FINANCIAL OFFICER. ANY POTENTIAL CONFLICTS ARE REPORTED TO THE HEAD OF THE WEBB SCHOOLS. FORM 990, PART VI, SECTION B, LINE 15 THE REF HAS NO PAID EMPLOYEES, BUT TWO REF TRUSTEES ARE PAID BY THE SUPPORTING ORGANIZATION. THE WEBB SCHOOLS COMPILES MARKET RESEARCH BASED ON INDUSTRY BENCHMARKS WHEN DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. AN OUTSIDE CONSULTANT IS SOMETIMES, BUT NOT ALWAYS, HIRED TO ASSIST WITH THIS PROCESS. THE WEBB SCHOOLS BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION PACKAGE FOR THE HEAD OF SCHOOLS. THE HEAD OF SCHOOLS SETS COMPENSATION FOR ALL OTHER EMPLOYEES. THE AUDIT COMMITTEE, A STANDING COMMITTEE OF THE WEBB SCHOOLS' BOARD, REVIEWS COMPENSATION FOR ALL OFFICERS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: REAL ESTATE HELD FOR SALE, NOT TRANSFERRED -237,669. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. THE WEBB SCHOOLS 1175 WEST BASELINE RD CLAREMONT CA 91711 951856591 SCHOOL CA 501(C)(3) LINE 2 N/A 0 THE RAYMOND M ALF MUSEUM OF PALEONTOLOGY 1175 WEST BASELINE RD CLAREMONT CA 91711 953366309 MUSEUM CA 501(C)(3) LINE 7 THE WEBB SCHOOLS 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 THE WEBB SCHOOLS P 3170 THE WEBB SCHOOLS R 237669