Civic Intelligence

Rannie Webster Foundation

990 • Fiscal year 2014 • EIN 02-0331198

Sep 01, 2013 to Aug 31, 2014 • Filed on Feb 03, 2015

795 Washington RoadRye, NH 03870

(603) 964-8144

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.24x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.20x

Higher debt load relative to revenue than 51% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

28th percentile

-2.7%

Higher net margin than 28% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

75th percentile

$187,479

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

29th percentile

-1.9%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

26th percentile

-4.3%

Faster revenue growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$6,356,712

Down $121,884 (-1.9%) from 2013

Net Assets

$4,833,481

No earlier filing loaded for comparison.

Liabilities

Down

$1,523,231

Down $60,912 (-3.8%) from 2013

Revenue

Down

$7,769,506

Down $345,604 (-4.3%) from 2013

Expenses

Up

$7,976,398

Up $264,574 (+3.4%) from 2013

Net Income

Down

-$206,892

Down $610,178 (-151%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2013: $6,478,596Liabilities 2013: $1,584,1432013Assets 2014: $6,356,712Liabilities 2014: $1,523,231Net Assets 2014: $4,833,4812014Assets 2015: $14,925,534Liabilities 2015: $10,266,521Net Assets 2015: $4,659,0132015Assets 2016: $20,813,042Liabilities 2016: $17,203,139Net Assets 2016: $3,609,9032016Assets 2017: $21,520,121Liabilities 2017: $17,246,468Net Assets 2017: $4,273,6532017Assets 2018: $22,610,078Liabilities 2018: $17,752,984Net Assets 2018: $4,857,0942018Assets 2019: $22,583,032Liabilities 2019: $17,701,996Net Assets 2019: $4,881,0362019Assets 2020: $24,120,072Liabilities 2020: $19,448,856Net Assets 2020: $4,671,2162020Assets 2021: $23,529,308Liabilities 2021: $17,806,733Net Assets 2021: $5,722,5752021Assets 2022: $21,769,366Liabilities 2022: $17,892,003Net Assets 2022: $3,877,3632022Assets 2023: $19,999,546Liabilities 2023: $17,732,725Net Assets 2023: $2,266,8212023Assets 2024: $24,866,452Liabilities 2024: $17,966,571Net Assets 2024: $6,899,8812024Assets 2025: $26,307,480Liabilities 2025: $17,971,732Net Assets 2025: $8,335,7482025

Highlighted filing

2014

Assets$6,356,712
Liabilities$1,523,231
Net Assets$4,833,481

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2013: $8,115,110Expenses 2013: $7,711,824Net Income 2013: $403,2862013Revenue 2014: $7,769,506Expenses 2014: $7,976,398Net Income 2014: -$206,8922014Revenue 2015: $7,964,585Expenses 2015: $7,750,592Net Income 2015: $213,9932015Revenue 2016: $8,704,473Expenses 2016: $9,063,629Net Income 2016: -$359,1562016Revenue 2017: $11,884,684Expenses 2017: $11,568,680Net Income 2017: $316,0042017Revenue 2018: $12,727,222Expenses 2018: $12,593,351Net Income 2018: $133,8712018Revenue 2019: $13,270,194Expenses 2019: $13,126,924Net Income 2019: $143,2702019Revenue 2020: $13,492,348Expenses 2020: $14,001,212Net Income 2020: -$508,8642020Revenue 2021: $14,667,409Expenses 2021: $14,024,672Net Income 2021: $642,7372021Revenue 2022: $13,522,122Expenses 2022: $14,903,688Net Income 2022: -$1,381,5662022Revenue 2023: $14,821,590Expenses 2023: $16,040,477Net Income 2023: -$1,218,8872023Revenue 2024: $20,924,151Expenses 2024: $16,138,313Net Income 2024: $4,785,8382024Revenue 2025: $12,537,722Expenses 2025: $11,026,856Net Income 2025: $1,510,8662025

Highlighted filing

2014

Revenue$7,769,506
Expenses$7,976,398
Net Income-$206,892
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Feb 3, 2015
Return Version
2013v4.0
Gross Receipts
$7,957,397
Mission and Program Overview

Mission

The mission of the rannie webster foundation, a not-for-profit charitable foundation, in carrying out the wishes of the late rannie webster, is to provide a continuum of housing and healthcare services, with an emphasis on quality of life and quality of care in an atmosphere of compassion, dignity and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,586,604$2,317,279▼ $269,325
Investments in Publicly Traded Securities$1,535,495$1,652,319▲ $116,824
Savings and Temporary Cash Investments$1,584,761$1,477,774▼ $106,987
Accounts Receivable$409,100$410,576▲ $1,476
Prepaid Expenses and Deferred Charges$93,649$86,974▼ $6,675
Cash and Non-Interest-Bearing Accounts$3,157$1,699▼ $1,458
Total Assets$6,478,596$6,356,712▼ $121,884
Other Assets Total$265,830$410,091▲ $144,261
Liabilities
Mortgage Notes Payable Secured by Investment Property$857,287$795,726▼ $61,561
Accounts Payable and Accrued Expenses$720,570$720,442▼ $128
Escrow Account Liability$6,288$7,063▲ $775
Total Liabilities$1,584,145$1,523,231▼ $60,914
Net Assets / Fund Balance
Unrestricted Net Assets$3,049,929$2,708,531▼ $341,398
Permanently Rstr Net Assets$1,195,260$1,195,260→ $0
Temporarily Rstr Net Assets$649,262$929,690▲ $280,428
Total Net Assets Fund Balance$4,894,451$4,833,481▼ $60,970
Total Liabilities and Net Assets / Fund Balance$6,478,596$6,356,712▼ $121,884

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,143,429$4,923,246$6,066,675
Equipment$839,609$646,582$1,486,191
Other Land Buildings$193,918$335,586$529,504
Land$140,323-$140,323
Other Assets Org$37,500--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,989,745-▲ $321,471$140,401$2,170,815
2012$1,804,142-▲ $185,753-$1,989,745
2011$1,542,111-▲ $262,183-$1,804,142
2010$1,354,552-▲ $187,859-$1,542,111
2009$1,314,572-▲ $105,282$65,000$1,354,552
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas ArgueAdministrator/CEOFT$153,321$34,158$187,479
Elizabeth RaffordDirector of Assisted LivingFT$101,689$30,433$132,122

Board Members and Trustees

NameTitle
J Leo AppelChairman
Mark SykasVice Chairman
Alan GouldTrustee
Bernard P TraceyTrustee
David TimmermanTrustee
Janet BrownTrustee
Kathy BorshTrustee
Lindsay JosephsTrustee
Marcia MenesTrustee
Marilyn MarchantTrustee
Rebecca HelmSecretary
B Randolph HoltTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Genesis Eldercare Rehabilitation ServiceRehabilitation-$666,128
Revenue and Support

Revenue Composition

Contributions and Grants
$18,879
Program Service Revenue
$7,660,049
Investment Income
$17,396
Other Revenue
$73,182
All Other Contributions
$18,879
Change in Net Assets
$-206,892

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,928,299
Revenue Not Reported on Financial Statements
$-158,793
Revenue Not Reported on Form 990
$145,922
Other Revenue Adjustments
$-158,793
Total Revenue per Audited Statements
$8,074,221
Total Revenue per Form 990
$7,769,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,661,411
Other Expenses$3,314,987
Total Fundraising Expense$1,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,284,670$205,437-$3,490,107
Fees for Services Other$775,766$21,592-$797,358
Other Employee Benefits$595,523$40,325-$635,848
Depreciation Depletion$423,473--$423,473
Occupancy$335,255$13,329-$348,584
Payroll Taxes$250,944$27,775-$278,719
Current Officers, Directors, Trustees, and Key Employees-$203,094-$203,094
All Other Expenses$25,331$112,897$1,270$139,498
Insurance-$65,057-$65,057
Office Expenses-$59,440-$59,440
Pension Plan Contributions$50,756$2,887-$53,643
Other Expenses$49,717--$49,717
Fees for Services Accounting-$45,000-$45,000
Interest$43,231--$43,231
Advertising-$35,856-$35,856
Travel-$29,350-$29,350
Fees for Services Legal-$6,087-$6,087
Total Functional Expenses$7,107,002$868,126$1,270$7,976,398

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,135,191
Expenses per Audited Statements$7,976,398
Total Expenses per Form 990$7,976,398
Expenses Not Reported on Form 990$158,793
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 is reviewed and approved by the ceo and the chair of the board. All board members are provided a copy of the form 990 prior to its filing for their comments.

Form 990, Part VI, Section B, Line 12C

The foundation monitors the conflict of interest policy by having each employee and board member fill out and sign a conflict of interest statement each year.

Form 990, Part VI, Section B, Line 15

Determination of compensation for all highly compensated employees other than the ceo is delegated by the board of directors to the ceo and is based in part on cost of living increases for all staff as well as rates for similiar positions in the area. The ceo's compensation is determined based on achievement of goals and evaluation of effectiveness by the board. The board obtains rates for comparable positions in new hampshire.

Form 990, Part VI, Section C, Line 19

Notice was posted in the newspaper to make the public aware that the financial statements were available to the public.

Filing and Contact Details

Filer

EIN
02-0331198
Phone
6039648144

Signing Officer

Name
Thomas Argue
Title
Administrator
Phone
6039648144
Signed
2015-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Argue
Formed
1977
Legal Domicile
Nh
Voting Board Members
12
Independent Board Members
12
Employees
145
Volunteers
20

Preparer

Preparer
Lance R Turgeon
Phone
6036273838
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The foundation holds cash for its residents for use in daily activites or as the resident requests.

PART V, LINE 4:

The foundation's endowment funds are intended to be used to subsidize residents in the retirement community and the nursing facility.

PART X, LINE 2:

The foundation evaluates its tax positions and recognizes the tax benefits of any uncertain tax positions only if management determines that it is more likely than not that the tax positions would be sustained upon examination by taxing authorities based on the technical merit of the position. Management has determined that as of august 31, 2014 and 2013, the foundation has not taken any significant tax positions which do not meet the criteria for recognition. Management believes the foundation's filings for tax years ending before august 31, 2011 are no longer subject to examination by federal taxing authorities except as follows: the foundation has signed consent to extend the time to assess tax for the years ending august 31, 2009 through 2013 as part of its advance ruling request with regard to any excise tax. This consent will expire in 2018.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on abandonment of rehabilitation project

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on abandonment of rehabilitation project

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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
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