2024-05-14T15:38:56-04:00 2023-06-30 990 2022-07-01 111630912 WEBB INSTITUTE % Mark Martecchini WEBB 5166712213 298 CRESCENT BEACH RD GLEN COVE NY 11542 Mark Martecchini President 2024-05-14 2022 2023-04-26 12:10:37Z Mark Martecchini 298 CRESCENT BEACH RD GLEN COVE NY 115421398 29825812 false X www.webb.edu X 1888 NY To inspire and educate tomorrow's leaders in an extraordinary learning community focused on engineering and design in the marine field. 26 25 64 0 -4575 8941 6036719 3453911 7204230 7224621 13195994 1560738 18525 78791 26455468 12318061 5623736 5690479 0 0 4347973 4615947 0 0 474735 4542779 4825134 14514488 15131560 11940980 -2813499 95004753 98135331 5755920 5840608 89248833 92294723 To inspire and educate tomorrow's leaders in an extraordinary learning community focused on engineering and design in the marine field. false false 12100411 5690479 7333932 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 Middle States and ABET The Accredited Board of Engineering Technology. 0 0 0 0 0 0 0 0 0 12100411 true true false false false false false true false true true true false false true true true false true false true false false false false 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 64 true true true false false false false false false 0 false false false false false 26 25 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 115421398 Anthony Zic Development Director 40.00 0.00 X 167228 0 45343 R Keith Michel Former President 0.00 0.00 X 185000 0 20291 Matthew Werner Dean 40.00 0.00 X 187584 0 13674 Mark Martecchini President 40.00 0.00 X X 110000 0 12479 Neil Gallagher Professor 35.00 0.00 X 141408 0 43535 Richard Royce Professor 35.00 0.00 X 143982 0 24218 Richard Harris Professor 35.00 0.00 X 151616 0 11758 Rhonda Lightcap Director of Finance 40.00 0.00 X 128868 0 23160 Elena Golubeva Professor 35.00 0.00 X 125488 0 9327 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 Thomas Dickenson Trustee 2.00 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 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 Eugene Miller 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 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 1341174 0 203785 14 true true false FLIK-Compass Group USA P O Box 417632 Boston MA 022417632 Food Service 690676 Apple Restoration & Waterproofing Inc 61 Jefferson Street Brooklyn NY 11206 Masonry Repair/Waterproofing 203675 Marianos Cleaning Service Inc 55 Anderson Avenue North Babylon NY 11703 Cleaning Service 199523 Crewcial Partners LLC 810 Seventh Avenue 32nd Floor New York NY 10019 OCIO 126678 4 0 0 0 0 491042 2962869 531069 3453911 Tuition 611600 5535037 5535037 0 0 Room and Board and Fees 611600 1689584 1689584 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7224621 1560547 0 18837 1541710 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17473223 0 17473032 0 191 0 191 0 0 191 10920 0 18028 -7108 0 -7108 0 0 0 0 0 0 20996 16691 4305 4305 0 0 Other activity 900099 105006 105006 0 0 Capital loss 523000 -23412 0 -23412 0 0 0 0 0 0 0 0 0 81594 12318061 7333932 -4575 1534793 0 0 5690479 5690479 0 0 0 0 682751 213482 252400 216869 0 0 0 0 2994629 2300936 529793 163900 192248 145042 35733 11473 471103 339039 115473 16591 275216 192112 58254 24850 0 0 0 0 1080 0 1080 0 62951 0 62951 0 0 0 0 0 0 0 286210 0 286210 0 300414 241544 58870 0 31091 10043 11533 9515 52916 35029 15937 1950 301730 218605 64354 18771 0 0 0 0 398043 316643 81400 0 66507 59921 6571 15 0 0 0 0 26430 15027 9050 2353 261597 0 261597 0 0 0 0 0 1443576 1148365 295211 0 285739 0 285739 0 Food Service 677587 677587 0 0 Student Services 67306 67306 0 0 Repairs & Maintenance 376543 300625 75918 0 0 0 0 0 185414 128626 48340 8448 15131560 12100411 2556414 474735 0 0 0 0 40459 35037 558527 178612 923290 517244 143988 619792 0 0 0 0 0 0 15489 19911 251424 256483 46703493 21117257 26098469 25586236 34238441 36082943 32293509 34394858 0 0 0 0 441157 444215 95004753 98135331 421358 501241 0 0 0 0 0 0 0 0 0 0 5234566 5247472 0 0 99996 91895 5755920 5840608 X 73813260 75288691 15435573 17006032 89248833 92294723 95004753 98135331 -2813499 5859389 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 20806594 483076 2205276 583467 412704 0 22498775 24337314 689146 -3725171 281823 268156 0 20806594 18782817 203227 5826494 240315 234909 0 24337314 22901612 672152 -300214 296283 4194450 0 18782817 29269348 2326908 926751 410561 9210834 0 22901612 0.4 0.6 0 false false 654957 654957 33233585 9257999 23975586 11163276 10217393 945883 1651674 1641864 9810 25586236 Adage Capital Management L.P. 7575646 F Ampfield Holdings Onshore L.P. 2983960 F Barker Partnership Fund 973959 F Carlyle Mezzanine Partners L.P. 33169 F The Colchester Global Bond Fund 1895098 F Commonfunds 9678 F Focused Investors Fund LP 4916495 F Himalaya Capital Investors Offshore LP 1575407 F Ichigo Japan Fund B 2510747 F Kontiki Long Only Offshore Fund 1667802 F Lexin 1965 F Mission Value Global Fund LP 1679663 F The Nordflint Fund LLC 2621465 F Shawspring Partners QP Fund 814363 F Silchester International Value Equity Exclusion Trust 3308262 F Sustainable Capital Africa Alpha Fund 1827179 F 34394858 Liability Under Split Interest Agreements 91895 91895 X 12200761 5859389 5859389 6341372 286210 5690479 5976689 12318061 9154871 0 9154871 286210 5690479 5976689 15131560 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 III, line 4 Webb lnstitute's art and historical treasures consist primarily of models of ships art work of ships and related maritime events original ship drawings and portraits of Webb's 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. 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. 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 goverment 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.| Part II | PartandLinenumber:,Explanation:| Part I Line 6,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 - 9712000 Sub-Saharan Africa 0 0 Investments - 1827000 0 0 0 0 11539000 11539000 true Tuition Scholarships 102 0 5526466 Book Scholarships to cover tuition. Room & Board Scholarships 26 0 147665 Book Scholarships applied to room and board and student fees. Couch Design Software Assistance 102 0 16348 Book Assistance to cover the cost of design software. 0 0 0 0 0 0 0 0 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 Anthony Zic Development Director 162228 0 5000 0 0 0 11706 0 33637 0 212571 0 0 0 R Keith Michel Former President 115000 0 70000 0 0 0 12950 0 7341 0 205291 0 0 0 Matthew Werner Dean 177984 0 5000 0 4600 0 13131 0 543 0 201258 0 0 0 Mark Martecchini President 110000 0 0 0 0 0 3850 0 8629 0 122479 0 0 0 Neil Gallagher Professor 141408 0 0 0 0 0 9899 0 33636 0 184943 0 0 0 Richard Royce Professor 143982 0 0 0 0 0 10079 0 14139 0 168200 0 0 0 Richard Harris Professor 147816 0 0 0 3800 0 10613 0 1145 0 163374 0 0 0 Rhonda Lightcap Director of Finance 122868 0 6000 0 0 0 9021 0 14139 0 152028 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 Line 7 Discretionary bonuses may be given as determined by the Board of Trustees. Alicia Edgar Spouse of Trustee 30580 Employment -Institutional Outreach false X 31 531069 Avg High Low Mkt-Gift Date 0 false true false Part VI, Line 11a 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 Board's 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 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 Board's 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 trustee's 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 President's 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 lnstitute's 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 Webb's policy to make these documents available upon request of a third party. Webb's Form 990 returns are also available on Guidestar.com.