2022-05-13T15:06:47-05:00 2021-06-30 540618213 HANTZMON WIEBEL LLP CPA'S PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2020-07-01 540519590 WOODBERRY FOREST SCHOOL WOOD 5406723900 ONE WALKER DRIVE WOODBERRY FOREST VA 22989 KENNETH W DEANE ASSISTANT TREASURER 5406723900 2022-05-13 1 KENNETH DEANE XXX-XX-XXXX ROBIN C SWINK P00398236 4342962156 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KENNETH W DEANE ONE WALKER DRIVE WOODBERRY FOREST VA 22989 86854140 0 X WWW.WOODBERRY.ORG X 1889 VA FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 22 22 354 22 -59362 0 14053525 23577562 22969225 24347277 10879822 5737004 369483 398670 48272055 54060513 5942192 6867310 0 0 19574332 19608722 0 0 2353108 14859847 17135938 40376371 43611970 7895684 10448543 501341212 643383708 77231131 88138761 424110081 555244947 SEE SCHEDULE O 0 0 18948098 5150483 24347277 INSTRUCTION: THE SCHOOL PROVIDED INSTRUCTION TO APPROXIMATELY 400 STUDENTS IN GRADES NINE THROUGH TWELVE. 17794527 1716828 RESIDENTIAL LIFE AND SUPPORT: THE SCHOOL PROVIDED RESIDENTIAL LIFE SUPPORT TO APPROXIMATELY 400 STUDENTS IN GRADES NINE THROUGH TWELVE. 36742625 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 99 0 354 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X WOODBERRY FOREST SCHOOL 5406726010 ONE WALKER DRIVE WOODBERRY FOREST VA 22989 BYRON C J HULSEY HEADMASTER 40.00 X 423497 0 84936 ANDREW C ELLIS TREASURER 40.00 X 253758 0 42132 CATHERINE B WHARTON ASSISTANT SECRETARY 40.00 X 233627 0 36002 TAMMY B FIRMAN DIRECTOR OF HEALTH SERVICE 40.00 X 178139 0 44275 MATTHEW BOESEN DEAN OF FACULTY 40.00 X 124936 0 58533 KENNY W DEANE JR ASSISTANT TREASURER 40.00 X 147973 0 34957 PAUL HUBER ACADEMIC DEAN 40.00 X 134419 0 46928 JAMES CS HOLLADAY CAPITAL GIFTS OFFICER 40.00 X 136707 0 32092 REED F DAVIS DIRECTOR OF OPERATIONS 40.00 X 124398 0 36166 ANSEL SANDERS SECRETARY 40.00 X 93822 0 20436 SUMNER S FINCH CHAIRMAN 2.00 X X 0 0 0 E HOOPER HARDISON JR VICE CHAIRMAN 2.00 X X 0 0 0 EDWARD L BAKER II TRUSTEE 2.00 X 0 0 0 PATRICK F BASSETT TRUSTEE 2.00 X 0 0 0 JOHN R BELK TRUSTEE 2.00 X 0 0 0 HOPE H BRYANT TRUSTEE 2.00 X 0 0 0 WILLIAM K CALER JR TRUSTEE 2.00 X 0 0 0 THOMAS H CLAIBORNE TRUSTEE 2.00 X 0 0 0 BENJAMIN H DAVIS TRUSTEE 2.00 X 0 0 0 DAMIEN R DWIN TRUSTEE 2.00 X 0 0 0 FRANKLIN S EDMONDS JR TRUSTEE 2.00 X 0 0 0 NELSON O FITTS TRUSTEE 2.00 X 0 0 0 RAGAN FOLAN TRUSTEE 2.00 X 0 0 0 WILLIAM M JAMES TRUSTEE 2.00 X 0 0 0 ROBERT E LONG TRUSTEE 2.00 X 0 0 0 FREDERICK R LUMMIS II TRUSTEE 2.00 X 0 0 0 GARY A MANCE TRUSTEE 2.00 X 0 0 0 DOROTHY A MATZ TRUSTEE 2.00 X 0 0 0 GEOGGREY P SISK TRUSTEE 2.00 X 0 0 0 ROBERT H SPILMAN TRUSTEE 2.00 X 0 0 0 GILES TUCKER TRUSTEE 2.00 X 0 0 0 C STEWART VERDERY JR TRUSTEE 2.00 X 0 0 0 1851276 0 436457 20 0 1 0 KJELLSTROM & LEE INC 1607 OWNBY LANE RICHMOND VA 23220 CONTRACTOR 4963857 LAWRENCE ENVIRONMENTAL PO BOX 791416 BALTIMORE MD 212791416 ENVIRONMENTAL CONSULTING 265646 AMERICAN OFFICE CHARLOTTESVILLE 400 PRESTON AVE SUITE 100 CHARLOTTESVILLE VA 22903 CONTRACTOR 221814 TRANE US INC PO BOX 406469 ATLANTA GA 303846469 CONTRACTOR 215736 ADVANCED CUSTOM CONTRACTORS INC PO BOX 392 STANARDSVILLE VA 22973 CONTRACTOR 214940 8 23577562 1012321 23577562 TUITION AND FEES 900099 23416900 23416900 SUMMER PROGRAMS 900099 607697 607697 OTHER PROG. SERV. REV. 900099 322680 322680 24347277 -26856 -349178 322322 38207134 32443274 5763860 5763860 5763860 459207 350353 108854 108854 PRIVATE GOLF COURSE 713910 148562 148562 FARMING ACTIVITIES 110000 141254 141254 289816 54060513 24347277 -59362 6195036 6867310 6867310 1428943 349680 702742 376521 13412106 11041602 1243891 1126613 1024493 854065 87582 82846 2691270 2118593 312257 260420 1051910 814231 133013 104666 325593 51145 267857 6591 151661 23854 126007 1800 362700 93460 199431 69809 1212804 1188790 19891 4123 143674 58861 58483 26330 1915789 1915789 5346650 5096153 250497 486115 476489 7972 1654 SUPPLIES AND FOOD SERVI 3043178 2858416 162290 22472 MAINTENANCE 2045717 1731475 253811 60431 STUDENT ACTIVITIES 969915 502269 348251 119395 DUES & SUBSCRIPTIONS 313503 66949 176284 70270 818639 633494 165978 19167 43611970 36742625 4516237 2353108 15543587 29592004 18938070 22719282 180845 393454 280391 223906 740729 823107 2222542 2470110 206102064 83417825 123856072 122684239 37758072 48322054 301820904 416155552 501341212 643383708 2288555 1470080 5015765 5457126 51084055 67054506 18842756 14157049 77231131 88138761 X 177134830 222669048 246975251 332575899 424110081 555244947 501341212 643383708 X 10448543 121185490 -499167 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 267855991 9736102 100747396 11833969 366505520 261007277 8693298 9991998 11836582 267855991 257761151 9188138 5743040 11685052 261007277 246686832 3569641 18679069 11174391 257761151 224566219 5645284 27322685 10847356 246686832 0.18690 0.20000 0.61310 0 0 161787780 59394464 102393316 16726768 5485107 11241661 25326830 18538254 6788576 2260686 2260686 122684239 CASH & SHORT-TERM CASH EQUIV. 33870221 F CHAR. REMAINDER UNITRUSTS 3889000 F OPEN-END INVESTMENT COMPANIES 109905242 F LIMITED PARTNERSHIPS 265475126 F OTHER INVESTMENTS 3015963 F 416155552 ACCRUED LIABILITIES 618420 ACCRUED PAYROLL TAXES 514824 DUE TO BENEFICIARIES 4798310 SWAP LIABILITY 8225495 14157049 X 168229879 121185490 -148814 121036676 47193203 6867310 6867310 54060513 37095013 350353 350353 36744660 6867310 6867310 43611970 PART V, LINE 4: THE ENDOWMENT FUND SUPPORTS SCHOLARSHIPS FOR STUDENTS, FACULTY SUPPORT, AWARDS FOR FACULTY AND STUDENTS, AND VARIOUS OTHER ACADEMIC AND OPERATIONAL USES. PART X, LINE 2: WOODBERRY FOREST SCHOOL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE COST OF GOODS SOLD 350,353. NET PRESENT VALUE ADJUSTMENT ON CRUT'S -499,167. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE OFFSET BY TUITION REDUCTIONS 6,867,310. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE COST OF GOODS SOLD 350,353. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE OFFSET BY TUITION REDUCTIONS 6,867,310. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF THE NONDISCRIMINATORY POLICY OF WOODBERRY FOREST SCHOOL IS PRINTED ON ALL CATALOGS, APPLICATIONS, NOTIFICATIONS, AND OTHER SIGNIFICANT PUBLICATIONS OF THE SCHOOL. WOODBERRY FOREST SCHOOL USES PRINTED ADVERTISING MATERIAL IN RECRUITING STUDENTS THROUGHOUT THE UNITED STATES AND ITS TERRITORIES. IN ORDER TO ASSIST IN RECRUITING A STUDENT BODY REFLECTING A BROAD SOCIAL AND ECONOMIC MIX, ALL SUCH MATERIALS CONTAIN A CLEAR AND UNEQUIVOCAL STATEMENT OF THE SCHOOL'S NONDISCRIMINATORY POLICIES AS APPLIED TO SCHOOL LIFE. A SPECIAL EMPHASIS IS MADE OF THESE POLICIES IN THE AREAS OF ADMISSIONS AND FINANCIAL AID. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES THE ORGANIZATION CONDUCTS SUMMER SCHOOL ABROAD PROGRAMS FOR STUDENTS. 94911 EUROPE 0 0 PROGRAM SERVICES THE ORGANIZATION CONDUCTS SUMMER SCHOOL ABROAD PROGRAMS FOR STUDENTS. 124538 CAYMAN ISLANDS 0 0 INVESTMENTS N/A 32353861 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS N/A 338511 0 0 0 0 0 0 32911821 0 32911821 TUITION REDUCTIONS - FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 12 39443 NON-CASH FINANCIAL AID TO STUDENTS IN STUDY ABROAD PROGRAMS IN THE FORM OF REDUCED TUITION. BOOK 1 0 1 1 1 0 PART I, LINE 2: THE SCHOOL'S FINANCIAL AID OFFICE MAINTAINS RECORDS SUPPORTING THE SELECTION CRITERIA USED TO AWARD SCHOLARSHIPS, THE AMOUNTS AWARDED, AND THE RECIPIENTS. PART I, LINE 3: WOODBERRY FOREST SCHOOL KEEPS ITS BOOKS ON THE ACCRUAL BASIS OF ACCOUNTING. THE INFORMATION REPORTED ON SCHEDULE F IS ALSO REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 THE SCHOOL AWARDS SCHOLARSHIPS IN THE FORM OF TUITION REDUCTIONS. NO FUNDS ARE PAID TO INDIVIDUALS 195 6867310 PART I, LINE 2: THE SCHOOL'S FINANCIAL AID OFFICE MAINTAINS RECORDS SUPPORTING THE SELECTION CRITERIA USED TO AWARD SCHOLARSHIPS, THE AMOUNTS AWARDED, AND THE RECIPIENTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 BYRON C J HULSEY HEADMASTER 423497 0 0 0 0 0 28500 0 56436 0 508433 0 0 0 ANDREW C ELLIS TREASURER 253758 0 0 0 0 0 26398 0 15734 0 295890 0 0 0 CATHERINE B WHARTON ASSISTANT SECRETARY 233627 0 0 0 0 0 23143 0 12859 0 269629 0 0 0 TAMMY B FIRMAN DIRECTOR OF HEALTH SERVICE 178139 0 0 0 0 0 18031 0 26244 0 222414 0 0 0 MATTHEW BOESEN DEAN OF FACULTY 124936 0 0 0 0 0 12897 0 45636 0 183469 0 0 0 KENNY W DEANE JR ASSISTANT TREASURER 147973 0 0 0 0 0 16467 0 18490 0 182930 0 0 0 PAUL HUBER ACADEMIC DEAN 134419 0 0 0 0 0 13484 0 33444 0 181347 0 0 0 JAMES CS HOLLADAY CAPITAL GIFTS OFFICER 136707 0 0 0 0 0 14329 0 17763 0 168799 0 0 0 REED F DAVIS DIRECTOR OF OPERATIONS 124398 0 0 0 0 0 13978 0 22188 0 160564 0 0 0 PART I, LINE 1A CERTAIN EMPLOYEES' EMPLOYMENT CONTRACTS REQUIRE THEM TO RESIDE ON THE GROUNDS OF THE SCHOOL FOR THE CONVENIENCE OF THE EMPLOYER IN ORDER TO CARRY OUT THEIR JOB DUTIES. THE FAIR RENTAL VALUE OF THE HOUSING BENEFIT IS INCLUDED IN NON-TAXABLE BENEFITS IN SCHEDULE J, PART III FOR THE APPLICABLE EMPLOYEES. A INDUSTRIAL DEVELOPMENT AUTHORITY OF MADISON COUNTY VIRGINIA 541378855 557432AE1 2016-10-27 14094791 REFUNDING 0 1 0 B INDUSTRIAL DEVELOPMENT AUTHORITY OF MADISON COUNTY VIRGINIA 541378855 2016-10-27 27405000 REFUNDING 0 1 0 C INDUSTRIAL DEVELOPMENT AUTHORITY OF MADISON COUNTY VIRGINIA 541378855 2013-09-30 10000000 CAPITAL IMPROVEMENTS 0 1 0 D INDUSTRIAL DEVELOPMENT AUTHORITY OF MADISON COUNTY VIRGINIA 541378855 557432AF8 2021-02-11 16144950 CAPITAL IMPROVEMENTS 0 1 0 A 14094791 266208 13828583 1 0 1 1 B 27405000 216250 27188750 1 0 1 1 C 10004687 10004687 2015 0 0 1 1 D 16145086 255493 8996149 6893444 2022 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 1 SUNTRUST 30.000000000000 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 X 52 1012321 PUBLISHED VALUATIONS 0 0 0 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS, RATHER THAN THE NUMBER OF ITEMS RECEIVED. EACH CONTRIBUTION INCLUDED MULTIPLE SHARES OF STOCK FROM A SINGLE DONOR. PART I, LINE 32B: THE SCHOOL USES BROKERAGE HOUSES TO SELL DONATED SECURITIES. ORGANIZATION'S MISSION STATEMENT THE PURPOSE OF THE SCHOOL IS TO DEVELOP IN ITS STUDENTS, UNDER CHRISTIAN PRINCIPLES, A HIGH SENSE OF HONOR AND MORAL INTEGRITY, A DEEP RESPECT FOR SOUND SCHOLARSHIP, A FULL ACCEPTANCE OF RESPONSIBILITY, A LOVE OF EXCELLENCE, AND A WILL TOWARD PERSONAL SACRIFICE IN SERVICE TO OTHERS. IT IS LIKEWISE ITS MISSION, BASED ON THESE IDEALS, TO DEVELOP ITS STUDENTS INTO LEADERS, TO TRAIN ITS STUDENTS TOWARD A USEFUL CONTRIBUTION TO THE DEMOCRATIC SOCIETY IN WHICH THEY LIVE, AND TO GIVE THEM THOROUGH PREPARATION FOR THE BEST COLLEGES AND UNIVERSITIES CONSISTENT WITH THEIR INDIVIDUAL POTENTIALS. THE ABIDING CONCERN OF WOODBERRY FOREST SCHOOL IS THE PERSONAL GROWTH OF ITS STUDENTS. TO THIS END, THE SCHOOL ATTEMPTS TO PROVIDE A BROAD EXPERIENCE WITH BALANCED EMPHASIS ON THE ACADEMIC, ARTISTIC, PHYSICAL, AND SPIRITUAL DEVELOPMENT OF ITS STUDENTS. IN SO DOING, THE SCHOOL BELIEVES THAT WELL-CONCEIVED CHALLENGES, TOGETHER WITH SUPPORT AND ENCOURAGEMENT, WILL INSTILL SELF-CONFIDENCE AND A STRIVING FOR CONTINUING EXCELLENCE THROUGHOUT LIFE. WOODBERRY FOREST IS COMMITTED TO HELPING STUDENTS BECOME INDIVIDUALS WHOSE SENSE OF VALUES AND CAPACITY TO REASON EFFECTIVELY WILL ALLOW THEM TO DEAL WITH IMPORTANT INTELLECTUAL, ETHICAL, AND SOCIAL PROBLEMS AND TO LEAD REWARDING PRIVATE LIVES. IN KEEPING WITH THIS OBJECTIVE, THE FACULTY IS MORE CONCERNED WITH TEACHING STUDENTS HOW TO THINK THAN WHAT TO THINK. AS A COMMUNITY, THE SCHOOL FOSTERS AN ATMOSPHERE OF CIVILITY AND COOPERATION, URGING ITS MEMBERS TO TREAT ONE ANOTHER WITH THE RESPECT AND CONSIDERATION THEY HOPE TO RECEIVE IN RETURN. THE UNDERPINNING OF THAT EFFORT IS THE HONOR SYSTEM, WHICH IS NOT SO MUCH A RIGID CODE AS IT IS A WAY OF LIFE THAT IS FUNDAMENTAL TO THE DECENCY OF THE WOODBERRY FOREST COMMUNITY. THE SCHOOL SEEKS TO MAINTAIN A SECURE AND HEALTHY ENVIRONMENT FOR ITS STUDENTS TO GO ABOUT THE PROCESS OF GROWING AND LEARNING, IN THE HOPE THAT EVERY STUDENT WILL COME TO THINK OF WOODBERRY FOREST AS A SECOND HOME. FORM 990, PART VI, SECTION A, LINE 2 DAMIEN DWIN AND ROBERT LONG HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT AND PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENT IS SIGNED ANNUALLY BY BOARD OF TRUSTEE MEMBERS AND KEY EMPLOYEES, AND POTENTIAL CONFLICTS ARE DISCLOSED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 HEADMASTER AND OFFICER COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES. COMPARABLE DATA FROM INDEPENDENT SCHOOL SURVEYS ARE USED TO DETERMINE FAIR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S 990 AND 990-T ARE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XI, LINE 9: NET PRESENT VALUE ADJUSTMENT ON SPLIT INTEREST -499,167. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 26 CHARITABLE SPLIT INTEREST TRUSTS INVESTMENTS VA TRUST 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0