Overview
What is The Webb Schools Real Estate Fund?
The Webb Schools Real Estate Fund is a charitable entity situated in Claremont, California. It primarily accepts donations of property with the intention of selling these assets. The proceeds from these sales are then transferred to either The Webb Schools or the Raymond M. Alf Museum of Paleontology, serving to advance their respective charitable purposes. The fund's primary activity involves liquidating gifts of land in support of these organizations' missions.
Is The Webb Schools Real Estate Fund legitimate?
The Webb Schools Real Estate Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Webb Schools Real Estate Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Webb Schools Real Estate Fund?
The Webb Schools Real Estate Fund receives gifts of land, which are then liquidated. The proceeds from these sales are subsequently transferred to either The Webb Schools or the Raymond M. Alf Museum of Paleontology. The primary purpose of these transfers is to support the donor's intentions and further the charitable objectives of these organizations. Essentially, the fund serves as a vehicle for converting donated property into financial resources for these institutions, thereby contributing to their respective missions.
What is the revenue of The Webb Schools Real Estate Fund?
The Webb Schools Real Estate Fund's revenue in 2024 was $3,700.
Who are the executives of The Webb Schools Real Estate Fund and what are their salaries?
There 3 volunteers at The Webb Schools Real Estate Fund.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $814,243
- Other: $52,671
- Compensation: $0
- Related: $267,263
- Other: $43,975
- Compensation: $0
- Related: $293,745
- Other: $31,977
- Compensation: $0
- Related: $209,354
- Other: $46,006
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Webb Schools Real Estate Fund?
The Webb Schools Real Estate Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Webb Schools Real Estate Fund
The Webb Schools Real Estate Fund is a trust that carries out a unique mission. When individuals donate land to this organization, the trust accepts these gifts with the intention of selling the properties. The proceeds derived from these sales are then transferred to either The Webb Schools or the Raymond M. Alf Museum of Paleontology. This process is carried out in support of the donor's intentions and the missions of these organizations. By liquidating these donations of land, The Webb Schools Real Estate Fund plays a crucial role in furthering the charitable purposes of these organizations. This fund serves as a bridge between individuals who wish to make a philanthropic contribution through land donations and the organizations that benefit from these gifts, ultimately supporting their respective missions.
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Impact
October, 2024
The Webb Schools Real Estate Fund plays a vital role in advancing educational opportunities and supporting the mission of the Webb Schools and the Raymond M. Alf Museum of Paleontology. By accepting gifts of land, the Fund is able to liquidate these assets and generate financial resources that directly benefit these organizations. The proceeds from the sale of donated property are strategically used to enhance educational programs, maintain facilities, and support various initiatives that align with the goals of both the schools and the museum.
This asset liquidation process not only helps to optimize the value of donated land but also ensures that funds are channeled effectively toward enriching student experiences and preserving paleontological education. The Fund thus serves as a bridge between generous donors who wish to contribute to the long-term success of these institutions and the educational missions they aim to fulfill. Its impact extends beyond financial support, fostering a culture of philanthropy and community engagement that enhances the overall quality of education and learning in Claremont, CA.
This information is meant to be a general summary of The Webb Schools Real Estate Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $3,700
Assets and Liabilities:
- Total Assets: $775,000
- Total Liabilities: $70,728
- Net Assets: $704,272
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Organization Details
Founding Year
2004
Principal Officer
Theresa Smith Phd
NTEE Category
Code: B112 - Education
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