The Webb School EIN 62-0401875 Form 990 (PDF) Claim this org

The Webb School FY2022 filing

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Educates students in grades 6-12 at the South's oldest continuous boarding school. For fiscal year 2022 it reported $16.8M in revenue, $19.0M in expenses, and $49.2M in net assets.Pt I

Founded
1921
Type
Public charity (501(c)(3)) · Education
Location
Bell Buckle, TN
Website
www.thewebbschool.com
Filings
6 on file (2020–2022)
Revenue
$16.8MFY2022
Expenses
$19.0M
Net assets
$49.2M
People
28
Filings
6
Updates
0
More identity details & actions ⌄
EIN  62-0401875 Public charity (501(c)(3)) Bell Buckle, TN Founded 1921
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Educates students in grades 6-12 at the South's oldest continuous boarding school.
Leadership
Kenneth Cheeseman · Headmaster · $326K
Money in and out
$16.8M revenue, $19.0M expenses
Where the money goes · FY2022
Total revenue
$16.8M
Pt VIII · Ln 12
Total expenses
$19.0M
Pt IX · Ln 25
Net assets
$49.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.1M
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.22 Fundraising $0.05

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$16.8M
FY2022▼ -9%
Expenses
$19.0M
FY2022▲ +25%
Total assets
$67.8M
FY2022▼ -4%
Total liabilities
$18.5M
FY2022▲ +56%
Total revenue
$16.8M
Pt VIII · Ln 12
Total expenses
$19.0M
Pt IX · Ln 25
Net assets
$49.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.1M
Total assetsPt X · Ln 16$67.8M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 426

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Webb School
EINHdr · item D62-0401875
Principal addressHdr · item CBell Buckle, TN
WebsiteHdr · item Jwww.thewebbschool.com
Year of formationHdr · item L1921
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B250)
Ruling yearIRS BMFMar 1951

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$326,067Pt VII · Sec A
Asst Headmaster
$165,737Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kenneth Cheeseman$353,953$361,205$342,966$326,067$175,152
Ray Broadhead$235,583$273,751
James Callis$210,362$203,854$169,992
Joe Iorio$122,499$167,025
Jim Callis$165,737$89,612
Tabetha Sullens$138,853$100,752
Nicole Taucare$107,494$103,957
Leigh Adams$100,666

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $13.8M of program spending, described in the organization's own filed words · FY2021.
01

The webb school has a 150-YEAR history of excellence in shaping the minds and characters of students in grades 6-12. Our small private boarding school community is comprised of 406 day and boarding students from 23 countries and 15 states.

$13.8Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$13.6M · 81%
Investment income$1.6M · 9%
Contributions & grants$1.3M · 8%
Other revenue$334K · 2%
Program service revenue81%$13.6M
Investment income9%$1.6M
Contributions & grants8%$1.3M
Other revenue2%$334K
Total revenueLn 12$16.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.22 Fundraising $0.05
Program services73%$13.8M
Management & general22%$4.2M
Fundraising5%$895K
Total functional expensesLn 25$19.0M

Balance Sheet

Part X · end of year
CashLn 1$959K
Total assetsLn 16$67.8M
Total liabilitiesLn 26$18.5M
Total net assetsLn 32$49.2M
Months of cash on handcomputed0.6

Grants

Schedule I · received and paid
Grants received · FY2024
See all 19 funders →
Grants paid · 3 grants · $10.0M · 2019–2021
Unitemized GrantFY2021$4,549,697
Unitemized GrantFY2020$3,014,896
Unitemized GrantFY2019$2,441,819

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$20.6M revenue · ⤓ 990 PDF
FY2024$17.3M revenue · ⤓ 990 PDF
FY2023$16.6M revenue · ⤓ 990 PDF
FY2022$16.8M revenue · viewing · ⤓ 990 PDF
FY2021$18.6M revenue · ⤓ 990 PDF
FY2020$17.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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