Civic Intelligence

Rannie Webster Foundation

990 • Fiscal year 2024 • EIN 02-0331198

Sep 01, 2023 to Aug 31, 2024 • Filed on Jun 10, 2025

795 Washington RdRye, NH 03870

(603) 964-8144

Siviq Scores

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

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.86x

Higher debt load relative to revenue than 78% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$359,317

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

85th percentile

24%

Faster asset growth than 85% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

41%

Faster revenue growth than 82% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,866,452

Up $4,866,906 (+24%) from 2023

Net Assets

Up

$6,899,881

Up $4,633,060 (+204%) from 2023

Liabilities

Up

$17,966,571

Up $233,846 (+1.3%) from 2023

Revenue

Up

$20,924,151

Up $6,102,561 (+41%) from 2023

Expenses

Up

$16,138,313

Up $97,836 (+0.6%) from 2023

Net Income

Up

$4,785,838

Up $6,004,725 (+493%) from 2023

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

2024

Assets$24,866,452
Liabilities$17,966,571
Net Assets$6,899,881

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

2024

Revenue$20,924,151
Expenses$16,138,313
Net Income$4,785,838
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jun 10, 2025
Return Version
2023v6.0
Gross Receipts
$22,465,870
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.

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$13,407,084$12,751,180▼ $655,904
Savings and Temporary Cash Investments$1,638,104$4,400,072▲ $2,761,968
Accounts Receivable$1,204,232$4,303,640▲ $3,099,408
Investments in Publicly Traded Securities$2,577,154$2,929,718▲ $352,564
Cash and Non-Interest-Bearing Accounts$955,641$284,004▼ $671,637
Prepaid Expenses and Deferred Charges$179,831$160,338▼ $19,493
Intangible Assets$37,500$37,500→ $0
Total Assets$19,999,546$24,866,452▲ $4,866,906
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,273,981$14,999,651▼ $274,330
Accounts Payable and Accrued Expenses$1,527,389$1,020,940▼ $506,449
Escrow Account Liability$27,917$943,016▲ $915,099
Deferred Revenue$726,035$897,257▲ $171,222
Other Liabilities$177,403$105,707▼ $71,696
Total Liabilities$17,732,725$17,966,571▲ $233,846
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-84,885$4,263,039▲ $4,347,924
Net Assets With Donor Restrictions$2,351,706$2,636,842▲ $285,136
Total Net Assets Fund Balance$2,266,821$6,899,881▲ $4,633,060
Total Liabilities and Net Assets / Fund Balance$19,999,546$24,866,452▲ $4,866,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,214,329$8,129,267$18,343,596
Equipment$948,904$2,892,075$3,840,979
Leasehold Improvements$1,447,624$1,596,137$3,043,761
Land$140,323-$140,323

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,645,990-▲ $423,599$72,816$2,984,252
2022$2,730,914-▲ $179,450$243,142$2,645,990
2021$3,219,247-▼ $279,944$185,660$2,730,914
2020$2,853,776-▲ $557,552$169,539$3,219,247
2019$2,503,424-▲ $370,020-$2,853,776
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patricia RogerDirector of Nursing ServicesFT$119,355$2,847$122,202
Kristin MatthesonDirector of Sales & MarketingPT-$120,033$120,033
Ashley GelinasExecutive DirectorFT$81,223$2,986$84,209

Board Members and Trustees

NameTitle
David C TimmermanChairman (until 06/24)
Stephanie FischerHuman Resource Director
Anne CignoliTrustee
David FredetteTrustee
James TollnerTrustee
Nancy ClayburghTrustee
Paul MarstonTrustee (as of 06/24)
Allan MosesTrustee (until 05/24)
Brian NewmanCEO/secretary
Janet LangloisCFO/treasurer
Charles RiopelChariman (as of 06/24)
Jeffrey MitchellSecretary
Linda ToumpasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mepa Medical ServicesStaffing Services9 ASHLEY DR, Manchester, NH 03103$534,284
Tamase Health LLCStaffing Services171 DARTMOUTH ST, Manchester, NH 03102$489,206
Silverstone By HuntManagement Services10 ALLDS STREET, Nashua, NH 03060$486,892
Powerback RehabilitationRehabilitation ServicesPO BOX 821322, Philadelphia, PA 19182$484,426
Careerstaff UnlimitedStaffing ServicesPO BOX 301076, Dallas, TX 75303$324,252
Revenue and Support

Revenue Composition

Contributions and Grants
$3,429,732
Program Service Revenue
$16,889,944
Investment Income
$604,475
Other Revenue
$0
All Other Contributions
$36,933
Change in Net Assets
$4,785,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,911,630
Revenue Not Reported on Financial Statements
$12,521
Revenue Not Reported on Form 990
$-152,778
Total Revenue per Audited Statements
$20,758,852
Total Revenue per Form 990
$20,924,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,291,448
Salaries, Compensation, and Employee Benefits$6,846,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,353,983$365,290-$5,719,273
Fees for Services Other$4,358,500--$4,358,500
Depreciation Depletion$827,936--$827,936
Occupancy$686,541$90,113-$776,654
Interest$605,995--$605,995
Fees for Services Management-$486,892-$486,892
Other Employee Benefits$445,451$34,923-$480,374
Payroll Taxes$408,550$38,694-$447,244
Insurance-$292,016-$292,016
Fees for Services Accounting-$161,245-$161,245
Current Officers, Directors, Trustees, and Key Employees-$149,715-$149,715
Advertising-$98,683-$98,683
Other Expenses$394,353$89,137-$89,137
Office Expenses-$53,258-$53,258
Pension Plan Contributions$46,519$3,740-$50,259
All Other Expenses$19,222$10,601-$29,823
Fees for Services Legal-$18,844-$18,844
Fees for Service Investment Mgmnt Fees-$12,521-$12,521
Travel-$8,678-$8,678
Total Functional Expenses$14,223,963$1,914,350$0$16,138,313

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,138,313
Expenses per Audited Statements$16,125,792
Total Expenses per Audited Statements$16,125,792
Expenses Not Reported on Financial Statements$12,521
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Nursing Facility Assessment Tax Payable$72,750
Due to Related Party$32,957
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee shall consist of the chairperson of the board as chair thereof, the vice chairperson, the ceo, the treasurer, and the chairperson of each of the subsidiary corporation's board of trustees. Neither the ceo nor the treasurer, if the treasurer is the cfo, shall have a vote. Only a voting member may be chairperson of the committee. The executive committee shall have charge of the detailed management of the corporation on behalf of the board of directors and the power to transact all regular business of the corporation on behalf, and with the full power, of the board of directors during the period between the meetings of the board of directors, subject to any prior limitations imposed by the board of directors or by law.

Form 990, Part VI, Section A, Line 3

Silverstone by hunt is the sole corporate member and maintains an ongoing management agreement with the organization.

Form 990, Part VI, Section A, Line 6

Silverstone by hunt is the the sole member of the corporation.

Form 990, Part VI, Section A, Line 7A

Member elects the board of directors.

Form 990, Part VI, Section A, Line 7B

Member to approve any major financial or management changes.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by tax advisors of a national accounting firm with information provided by management. The draft form 990 is provided for review by the board of directors in advance of a scheduled meeting. Questions may be raised either at the meeting or via email prior to. Once any questions are answered, the board will vote to approve the form 990 prior to filing.

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

Trustees, voting members, officers, and employees of the organization must annually complete a conflict of interest policy and disclosure statement. The chairman of the board of directors is responsible for monitoring the policy. Transactions that could have a conflict of interest shall be submitted to the board of directors for approval or other action or may be presented between meetings of the board of directors to the executive committee for its approval or such other action as it may determine. Compliance with the conflict of interest policy is reviewed at the annual meeting of the board of directors.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Rannie Webster Foundation
EIN
02-0331198
Phone
6039648144
Address
795 WASHINGTON RD, RYE, NH 03870
Doing Business As
Webster at Rye

Signing Officer

Name
Janet Langlois
Title
CFO/treasurer
Phone
6039648144
Signed
2025-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Newman
Formed
1977
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
206
Volunteers
17

Preparer

Firm
Cliftonlarsonallen Llp
Address
4 BATTERYMARCH PARK SUITE 100, QUINCY, MA 02169
Preparer
Katarzyna O Padzik
Phone
7819821001
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other purchased services: program service expenses 580,805. Management and general expenses 0. Fundraising expenses 0. Total expenses 580,805. Nursing purchased services: program service expenses 2,998,453. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,998,453. Therapy purchased services: program service expenses 779,242. Management and general expenses 0. Fundraising expenses 0. Total expenses 779,242.

Financial Statement Notes

PART IV, LINE 2B:

The foundation holds cash for its residents for use in daily activities 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 is exempt from federal and state income taxes under the provisions of section 501(c)(3) of the internal revenue code. The foundation is taxed only on its unrelated business taxable income less applicable expenses. The foundation did not generate any unrelated business income during 2024 or 2023. 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, 2024 and 2023 the foundation has not taken any significant tax positions which do not meet the criteria for recognition.

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IRS990/ActivityOrMissionDesc0THE 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.
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