2021-05-15T09:46:59-05:00 2020-06-30 540618213 HANTZMON WIEBEL LLP CPA'S PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2019-07-01 540519590 WOODBERRY FOREST SCHOOL WOOD 5406723900 ONE WALKER DRIVE WOODBERRY FOREST VA 22989 KENNETH W DEANE ASSISTANT TREASURER 5406723900 2021-05-13 1 ROBIN C SWINK P00398236 4342962156 2019 2022-09-23 18:48:47Z KENNETH W DEANE ONE WALKER DRIVE WOODBERRY FOREST VA 22989 107743643 0 X WWW.WOODBERRY.ORG X 1889 VA FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 22 22 390 400 257295 0 19750873 14053525 23919645 22969225 26026430 10879822 443283 369483 70140231 48272055 6177307 5942192 0 0 19438891 19574332 0 0 2482098 16527113 14859847 42143311 40376371 27996920 7895684 493458928 501341212 74312052 77231131 419146876 424110081 SEE SCHEDULE O 0 0 17897568 4456644 22969225 INSTRUCTION: THE SCHOOL PROVIDED INSTRUCTION TO APPROXIMATELY 400 STUDENTS IN GRADES NINE THROUGH TWELVE. 15556986 1485548 RESIDENTIAL LIFE AND SUPPORT: THE SCHOOL PROVIDED RESIDENTIAL LIFE SUPPORT TO APPROXIMATELY 400 STUDENTS IN GRADES NINE THROUGH TWELVE. 33454554 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 1 130 0 390 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 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 421095 0 78728 TAMMY B FIRMAN DIRECTOR OF HEALTH SERVICE 40.00 X 242074 0 50336 ANDREW C ELLIS TREASURER 40.00 X 249144 0 34927 CATHERINE B WHARTON SECRETARY 40.00 X 213122 0 29548 KENNY W DEANE JR ASSISTANT TREASURER 40.00 X 153880 0 29813 PAUL HUBER ACADEMIC DEAN 40.00 X 131036 0 46166 SCOTT SCHAMBERGER ASSISTANT HEADMASTER 40.00 X 122932 0 42366 JAMES CS HOLLADAY CAPITAL GIFTS OFFICER 40.00 X 134695 0 27412 REED F DAVIS DIRECTOR OF OPERATIONS 40.00 X 123126 0 29966 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 GEOFFREY P SISK TRUSTEE 2.00 X 0 0 0 ROBERT H SPILMAN JR TRUSTEE 2.00 X 0 0 0 GILES TUCKER TRUSTEE 2.00 X 0 0 0 C STEWART VERADAY JR TRUSTEE 2.00 X 0 0 0 1791104 0 369262 20 0 1 0 KJELLSTROM & LEE INC 1607 OWNBY LANE RICHMOND VA 23220 CONTRACTOR 10635391 OFFICE PRO TECHNOLOGIES 336 MCLAWS CIRLCE WILLIAMSBURG VA 23185 INFORMATION TECHNOLOGY 230196 ONE SIXTY OVER NINETY LLC 510 WALNUT STREET 19TH FLOOR PHILADELPHIA PA 19016 MARKETING 197524 AMERICAN OFFICE CHARLOTTESVILLE 400 PRESTON AVE SUITE 100 CHARLOTTESVILLE VA 22903 CONTRACTOR 192322 BEVERLY BROUN INTERIORS 120 CAMERON MEWS ALEXANDRIA VA 22314 CONTRACTOR 173637 5 14053525 426772 14053525 TUITION AND FEES 900099 21959355 21959355 OTHER PROG. SERV. REV. 900099 878886 878886 SUMMER PROGRAMS 900099 130984 130984 22969225 738489 -15794 754283 69325904 59184571 10141333 10141333 10141333 383411 287017 96394 96394 FARMING ACTIVITIES 110000 147193 147193 PRIVATE GOLF COURSE 713910 125896 125896 273089 48272055 22969225 257295 10992010 5934654 5934654 7538 7538 1266540 205363 700157 361020 13370489 10990824 1279081 1100584 1112423 913532 100957 97934 2791148 2197357 330570 263221 1033732 797692 134412 101628 284050 41740 216173 26137 109911 8882 100663 366 341649 74854 210528 56267 1116030 1093932 18303 3795 490637 232282 192424 65931 1562325 1562325 4937070 4720205 216865 450925 441997 7395 1533 SUPPLIES AND FOOD SERVI 2256217 2102418 136484 17315 MAINTENANCE 1537528 1284800 196557 56171 STUDENT ACTIVITIES 759259 408035 283384 67840 ENTERTAINMENT 445807 178390 80623 186794 568439 257734 235143 75562 40376371 33454554 4439719 2482098 19235539 15543587 22146275 18938070 701019 180845 499200 280391 653992 740729 1984688 2222542 202065480 78209408 117062446 123856072 65239883 37758072 265935886 301820904 493458928 501341212 2954655 2288555 5108716 5015765 51021525 51084055 15227156 18842756 74312052 77231131 X 175477432 177134830 243669444 246975251 419146876 424110081 493458928 501341212 7895684 -2932479 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 261007277 8693298 9991998 11836582 267855991 257761151 9188138 5743040 11685052 261007277 246686832 3569641 18679069 11174391 257761151 224566219 5645284 27322685 10847356 246686832 235564780 5932482 -5960959 10970084 224566219 0.18870 0.26410 0.54720 0 0 152041947 55578485 96463462 16726768 5232774 11493994 23778770 17398149 6380621 9517995 9517995 123856072 CASH & SHORT-TERM CASH EQUIV. 47538689 F CHAR. REMAINDER UNITRUSTS 3781000 F OPEN-END INVESTMENT COMPANIES 80767519 F LIMITED PARTNERSHIPS 167158981 F OTHER INVESTMENTS 2574715 F 301820904 ACCRUED LIABILITIES 527307 ACCRUED PAYROLL TAXES 107972 DUE TO BENEFICIARIES 7090840 SWAP LIABILITY 11116637 18842756 X 39684401 -2932479 287017 -2645462 42329863 5942192 5942192 48272055 34721196 287017 287017 34434179 5942192 5942192 40376371 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 287,017. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE OFFSET BY TUITION REDUCTIONS 5,942,192. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE COST OF GOODS SOLD 287,017. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE OFFSET BY TUITION REDUCTIONS 5,942,192. 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 EAST ASIA AND THE PACIFIC 0 0 ADMINISTRATIVE AND PROGRAM SERVICES MEETINGS AND RECRUITING 19773 NORTH AMERICA 0 0 ADMINISTRATIVE AND PROGRAM SERVICES MEETINGS AND RECRUITING 3252 CENTRAL AMERICA AND THE CARIBBEAN 0 0 ADMINISTRATIVE AND PROGRAM SERVICES MEETINGS AND RECRUITING 8033 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES THE ORGANIZATION CONDUCTS SUMMER SCHOOL ABROAD PROGRAMS FOR STUDENTS. 6106 EUROPE 0 0 PROGRAM SERVICES THE ORGANIZATION CONDUCTS SUMMER SCHOOL ABROAD PROGRAMS FOR STUDENTS. 79646 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES THE ORGANIZATION CONDUCTS SUMMER SCHOOL ABROAD PROGRAMS FOR STUDENTS. 572 CAYMAN ISLANDS 0 0 INVESTMENTS N/A 16249749 MIDDLE EAST AND NORTH AFRICA 0 0 ADMINISTRATIVE AND PROGRAM SERVICES MEETINGS AND RECRUITING 5081 0 0 0 0 0 0 16372212 0 16372212 TUITION REDUCTIONS - FINANCIAL AID EUROPE 2 7538 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 176 5934654 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 421095 0 0 0 0 0 28000 0 50728 0 499823 0 0 0 TAMMY B FIRMAN DIRECTOR OF HEALTH SERVICE 242074 0 0 0 0 0 24516 0 25820 0 292410 0 0 0 ANDREW C ELLIS TREASURER 249144 0 0 0 0 0 23018 0 11909 0 284071 0 0 0 CATHERINE B WHARTON SECRETARY 213122 0 0 0 0 0 19511 0 10037 0 242670 0 0 0 KENNY W DEANE JR ASSISTANT TREASURER 153880 0 0 0 0 0 16227 0 13586 0 183693 0 0 0 PAUL HUBER ACADEMIC DEAN 131036 0 0 0 0 0 13146 0 33020 0 177202 0 0 0 SCOTT SCHAMBERGER ASSISTANT HEADMASTER 122932 0 0 0 0 0 13631 0 28735 0 165298 0 0 0 JAMES CS HOLLADAY CAPITAL GIFTS OFFICER 134695 0 0 0 0 0 14124 0 13288 0 162107 0 0 0 REED F DAVIS DIRECTOR OF OPERATIONS 123126 0 0 0 0 0 13777 0 16189 0 153092 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 A 14094791 266208 13828583 1 0 1 1 B 27405000 216250 27188750 1 0 1 1 C 10004687 10004687 2015 0 0 1 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 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 A 1 B 1 C 1 X 6542 426772 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 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 29 CHARITABLE SPLIT INTEREST TRUSTS VA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0