2025-05-14T22:16:11-04:00 2024-06-30 990 2023-07-01 111630912 WEBB INSTITUTE % Mark Martecchini WEBB 5166712213 298 CRESCENT BEACH RD GLEN COVE NY 11542 Mark Martecchini President 2025-05-15 2023 2025-03-06 01:10:19Z Mark Martecchini 298 CRESCENT BEACH RD GLEN COVE NY 115421398 28613196 false X www.webb.edu X 1888 NY To inspire and educate tomorrows leaders in an extraordinary learning community focused on engineering and design in the marine field. 29 28 54 0 13231 10488 3453911 6262773 7224621 7907406 1560738 1771339 78791 153861 12318061 16095379 5690479 6158694 0 0 4615947 4923632 0 0 525210 4825134 5154116 15131560 16236442 -2813499 -141063 98135331 101876182 5840608 3482898 92294723 98393284 To inspire and educate tomorrows leaders in an extraordinary learning community focused on engineering and design in the marine field. false false 13002951 6158694 8003566 Webb Institute offers a single program service - a college education in Naval Architecture and Marine Engineering. All students receive a Bachelor of Science in Naval Architecture and Marine Engineering. Webb Institute is a 4 year college accredited by the Middle States Commission on Higher Education MSCHE and ABET formerly known as the Accreditation Board for Engineering and Technology. 0 0 0 0 0 0 0 0 0 13002951 true true false false false false false true false true true true false false true true true false true false true false false false true false false false true true false false false false false false true false true false false false false false false false false true 15 0 true 54 true true true false false false false false false 0 false false false false false 29 28 false false false false false false false true true false false false true true true true true true true false X X Webb Institute Rhonda Lightcap 5164035390 298 CRESCENT BEACH RD GLEN COVE NY 11542 Mark Martecchini President 40.00 0.00 X X 245000 0 45459 Anthony Zic Development Director 40.00 0.00 X 173303 0 47557 Matthew Werner Dean 40.00 0.00 X 205000 0 14893 Neil Gallagher Professor 35.00 0.00 X 147371 0 45742 Richard Royce Professor 35.00 0.00 X 147640 0 25220 Richard Harris Professor 35.00 0.00 X 156925 0 12130 Bradley Golden Professor 35.00 0.00 X 123071 0 44041 Matthew McMahon Professor 35.00 0.00 X 157783 0 8244 Bruce Rosenblatt Chairman 12.00 0.00 X X 0 0 0 Alison Granger Vice Chair 8.00 0.00 X X 0 0 0 Jon LaBerge Vice Chair 8.00 0.00 X X 0 0 0 Greggory Mendenhall Treasurer 6.00 0.00 X X 0 0 0 Sherice Arman Secretary 2.00 0.00 X X 0 0 0 Christopher Allard Trustee 2.00 0.00 X 0 0 0 Paulo Almeida Trustee 8.00 0.00 X 0 0 0 Richard Biben Trustee 6.00 0.00 X 0 0 0 David Bovet Trustee 8.00 0.00 X 0 0 0 George Campbell Jr Trustee 4.00 0.00 X 0 0 0 CDR Richard Celotto Trustee 6.00 0.00 X 0 0 0 John Couch Trustee 4.00 0.00 X 0 0 0 Hampton Dixon Trustee 6.00 0.00 X 0 0 0 John Edgar III Trustee 2.00 0.00 X 0 0 0 Brian Eisenhower Trustee 2.00 0.00 X 0 0 0 Fernando Frimm Trustee 2.00 0.00 X 0 0 0 Manuel Hontoria Trustee 4.00 0.00 X 0 0 0 John Malone Trustee 4.00 0.00 X 0 0 0 John McDonald Trustee 2.00 0.00 X 0 0 0 Eugene Miller III Trustee 4.00 0.00 X 0 0 0 Philip Shapiro Trustee 2.00 0.00 X 0 0 0 Monique Sinmao Trustee 4.00 0.00 X 0 0 0 Leah Sosa Trustee 2.00 0.00 X 0 0 0 Paul Sullivan Trustee 6.00 0.00 X 0 0 0 Kirsi Tikka Trustee 4.00 0.00 X 0 0 0 Renee Tremblay Trustee 2.00 0.00 X 0 0 0 Jennifer Waters Trustee 4.00 0.00 X 0 0 0 Meldon Wolfgang IV Trustee 2.00 0.00 X 0 0 0 1356093 0 243286 15 false true false FLIKCompass Group USA P O Box 417632 Boston MA 022417632 Food Service 702024 Apple Restoration & Waterproofing Inc 61 Jefferson Street Brooklyn NY 11206 Masonry Repair/Waterproof 208039 Marianos Cleaning Service Inc 55 Anderson Avenue North Babylon NY 11703 Cleaning Service 200332 Maccarone Plumbing 10 Sea Cliff Avenue Glen Cove NY 11542 Plumbing 195310 Accurate Storefronts Inc 493 9 Johnson Avenue Bohemia NY 11716 Window Installation 135454 6 0 0 0 0 18210 6244563 843360 6262773 Tuition 611600 6043235 6043235 0 0 Room and Board and Fees 611600 1864171 1864171 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7907406 1809617 0 13231 1796386 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12461954 0 12500232 0 -38278 0 -38278 0 0 -38278 17985 0 17585 400 0 400 0 0 0 0 0 0 0 0 0 0 0 0 Other activity 900099 153461 96160 0 57301 0 0 0 0 0 0 0 0 0 0 0 0 153461 16095379 8003566 13231 1815809 0 0 6158694 6158694 0 0 0 0 733320 211991 296515 224814 0 0 0 0 3157685 2425443 561041 171201 211742 160765 39110 11867 536200 384934 133917 17349 284685 201052 57258 26375 0 0 0 0 0 0 0 0 51406 0 51406 0 0 0 0 0 0 0 298512 0 298512 0 408534 301259 73175 34100 35772 12098 14332 9342 53718 40798 9598 3322 314140 226611 66827 20702 0 0 0 0 348887 278342 70545 0 68033 63185 4383 465 0 0 0 0 35249 33344 1541 364 270203 0 270203 0 0 0 0 0 1498939 1195854 303085 0 307799 0 307799 0 Food Service 683439 683439 0 0 Student Services 75033 75033 0 0 Repairs & Maintenance 529581 423960 105621 0 0 0 0 0 174871 126149 43413 5309 16236442 13002951 2708281 525210 0 0 0 0 35037 555802 178612 0 517244 1831607 619792 287055 0 0 0 0 0 0 0 0 256483 300096 49451172 22616196 25586236 26834976 36082943 33356290 34394858 38241933 0 0 0 0 464126 468423 98135331 101876182 501241 399129 0 0 0 0 0 0 0 0 0 0 5247472 2997472 0 0 91895 86297 5840608 3482898 X 75288691 77130770 17006032 21262514 92294723 98393284 98135331 101876182 -141063 6239624 0 0 0 0 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X false 22498775 2757766 2902074 530039 309014 0 27319562 20806594 483076 2205276 583467 412704 0 22498775 24337314 689146 -3669887 281823 268156 0 20806594 18782817 203227 5826494 240315 234909 0 24337314 22901612 672152 -300214 296283 4194450 0 18782817 0.367 0.633 0 false false 654957 654957 35737485 12203223 23534262 11407056 8761299 2645757 1651674 1651674 0 26834976 Adage Capital Management L.P. 9610156 F Ampfield Holdings Offshore L.P. 2827205 F Barker Partnership Fund 1528505 F The Colchester Global Bond Fund 1842540 F Focused Investors Fund LP 4380158 F Himalaya Capital Investors Offshore LP 1897108 F Ichigo Japan Fund B 2723929 F Kontiki Long Only Offshore Fund 1926818 F Lexin 1965 F Mission Value Global Fund LP 1551117 F The Nordflint Fund LLC 2155985 F Shawspring Partners QP Fund 1373303 F Silchester International Value Equity Exclusion Trust 3601019 F Sustainable Capital Africa Alpha Fund 2822125 F 38241933 Liability Under Split Interest Agreements 86297 86297 X 15877797 6239624 6239624 9638173 298512 6158694 6457206 16095379 9779236 0 9779236 298512 6158694 6457206 16236442 Part X, line 2 The Institute recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the Institute had no uncertain tax positions that would require financial statement recognition or disclosure. Part XI, line 4b Scholarships that were netted against related revenues were reclassed as expense for the purpose of reporting on the 990. Webb ensures that each student that is a U.S. citizen or permanent resident receives a full tuition scholarship. These are primarily paid through annual fundraising some restricted scholarship funds and drawing on the unrestricted endowment. Part XII, line 4b Scholarships that were netted against related revenues were reclassed as expense for the purpose of reporting on the 990. Webb ensures that each student that is a U.S. citizen or permanent resident receives a full tuition scholarship. These are primarily paid through annual fundraising some restricted scholarship funds and drawing on the unrestricted endowment. Part III, line 1a The Institute does not record contributions of works of art historical treasures and similar assets if the donated items are added to collections that meet all of the following conditions: a are held for public exhibition education or research in furtherance of public service rather than financial gain; b are protected kept unencumbered cared for and preserved; and c proceeds from sales of collection items are used to acquire other items for collections. Part III, line 4 Webb lnstitutes art and historical treasures consist primarily of models of ships art work of ships and related maritime events original ship drawings and portraits of Webbs founder and directors trustees. These are utilized by our faculty and students of naval architecture and marine engineering for educational purposes. Part V, line 4 The endowment funds exist primarily to provide tuition and room & board scholarships support faculty positions through endowed chairs support student research and education and for infrastructure development. true true true true true true true false false false false false false false false true false true Part I | PartandLinenumber:,Explanation:| Part1Line3,Webb Institute has a nondiscrimination policy in place which is publicized in its catalog and on its website.| Part1Line6,The Institute receives Pell FSEOG and Stafford loans on behalf of students from the Federal government and Higher Education Services Corp HESC scholarships from New York State on behalf of students as well as small amounts for Bundy Aid and a Library grant.| Central America and the Caribbean 0 0 Investments - 10904000 Sub-Saharan Africa 0 0 Investments - 2822000 0 0 0 0 13726000 13726000 false false false false true false Homecoming 10615 0 10615 0 0 0 0 0 7681 0 0 0 0 0 0 0 0 0 1 7370 0 7370 0 0 0 0 0 9904 17985 0 17985 0 0 0 0 0 17585 17585 400 true Tuition Scholarships 107 0 5957320 Book Scholarships to cover tuition. Room & Board Scholarships 29 0 184635 Book Scholarships applied to room and board and student fees. Couch Design Software Assistance 108 0 16739 Book Assistance to cover the cost of design software. Part I Line 2 Scholarships are applied directly to student accounts to offset tuition room and board and other fees billed by the Institute. X true true X X X X false false false false false false false true false Mark Martecchini President 225000 0 20000 0 0 0 17150 0 28309 0 290459 0 0 0 Anthony Zic Development Director 168303 0 5000 0 0 0 12131 0 35426 0 220860 0 0 0 Matthew Werner Dean 195200 0 5000 0 4800 0 14350 0 543 0 219893 0 0 0 Neil Gallagher Professor 147371 0 0 0 0 0 10316 0 35426 0 193113 0 0 0 Richard Royce Professor 147640 0 0 0 0 0 10335 0 14885 0 172860 0 0 0 Richard Harris Professor 152925 0 0 0 4000 0 10985 0 1145 0 169055 0 0 0 Bradley Golden Professor 123071 0 0 0 0 0 8615 0 35426 0 167112 0 0 0 Matthew McMahon Professor 109087 0 0 0 48696 0 7972 0 272 0 166027 0 0 0 Part I Line 1a | Name :, Title:, Item Selected:, Description:| President Mark Martecchini, As a condition of employment the President is required to live on campus and is provided a house to live in. Utilities for the house are paid by the Institute as per contract and written policy statement.| Part I | PartandLinenumber:,Explanation:|Part I Line 7,Discretionary bonuses may be given as determined by the Board of Trustees.| Alicia Edgar Spouse of Trustee 30919 Employment -Institutional Outreach false X 23 843360 Avg High Low Mkt-Gift Date 0 false true false Part VI, Line 11b The 990 is prepared by the Director of Financial Affairs and provided to the President of the Institute for a detailed review. Schedule B is provided to representatives of the Boards Gift Acceptance Committee for review. Except for Schedule B the 990 is then circulated to all Board members for any questions and or feedback prior to filing. Part VI, Line 12c Any conflict of interest that may arise during a trustees term requires immediate and full disclosure. Depending on the circumstances any trustee that has a conflict of interest surrounding a specific issue must recuse themselves from all decision-making processes with respect to the issue at hand and or under review. Part VI, Line 15 The Compensation Committee an independent body of the Board is responsible for determination and awarding of the Presidents annual salary subject to approval by the Executive Committee. Salary increases are merit-based and the Committee consults data from various independent sources and or peer organizations to determine annual compensation which is contemporaneously documented in minutes to the meeting. The President subject to the approval of the Compensation Committee is responsible for determining the annual salary and or raises of key employees. The President and Compensation Committee rely on published data obtained from independent sources specific to the regional area as well as comparable data of similar schools positions and job responsibilities in order to determine employee salaries. The President is responsible for determining salaries and or increases for other employees within the Compensation Committee approved guidelines. Part VI, Line 19 Webb lnstitutes governing documents Conflict of Interest policy financial statements and Form 990 returns are stored and maintained on the campus within the appropriate administrative offices. It is Webbs policy to make these documents available upon request of a third party. Webbs Form 990 returns are also available on Guidestar.com.