Woodberry Forest School
- Assets
- $643.4m
- Revenue
- $54.1m
- Investments
- $416.2m
- Employees
- 354
- Location
- Woodberry Forest, VA
- Founding
- 05/1932
- Data as of
- 06/2021
- EIN
- 54-0519590
Organization Overview
Woodberry Forest School is located in Woodberry Forest, VA. The organization was established in 1932. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Woodberry Forest School employed 354 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodberry Forest School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Woodberry Forest School generated $54.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $43.6m during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: THE SCHOOL PROVIDED INSTRUCTION TO APPROXIMATELY 400 STUDENTS IN GRADES NINE THROUGH TWELVE.
RESIDENTIAL LIFE AND SUPPORT: THE SCHOOL PROVIDED RESIDENTIAL LIFE SUPPORT TO APPROXIMATELY 400 STUDENTS IN GRADES NINE THROUGH TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron C J Hulsey Headmaster | Officer | 40 | $423,497 |
Andrew C Ellis Treasurer | Officer | 40 | $253,758 |
Catherine B Wharton Assistant Secretary | Officer | 40 | $233,627 |
Tammy B Firman Director Of Health Service | 40 | $178,139 | |
Kenny W Deane Jr Assistant Treasurer | Officer | 40 | $147,973 |
James Cs Holladay Capital Gifts Officer | 40 | $136,707 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kjellstrom & Lee Inc Contractor | 6/29/21 | $4,963,857 |
Lawrence Environmental Environmental Consulting | 6/29/21 | $265,646 |
American Office Charlottesville Contractor | 6/29/21 | $221,814 |
Trane Us Inc Contractor | 6/29/21 | $215,736 |
Advanced Custom Contractors Inc Contractor | 6/29/21 | $214,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,577,562 |
| Noncash contributions included in lines 1a–1f | $1,012,321 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,577,562 |
| Total Program Service Revenue | $24,347,277 |
| Investment income | -$26,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,763,860 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $108,854 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,060,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,867,310 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,428,943 |
| Compensation of current officers, directors, key employees. | $702,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,412,106 |
| Pension plan accruals and contributions | $1,024,493 |
| Other employee benefits | $2,691,270 |
| Payroll taxes | $1,051,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,593 |
| Advertising and promotion | $151,661 |
| Office expenses | $362,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,212,804 |
| Travel | $143,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,915,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,346,650 |
| Insurance | $486,115 |
| All other expenses | $818,639 |
| Total functional expenses | $43,611,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,592,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,719,282 |
| Accounts receivable, net | $393,454 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $223,906 |
| Inventories for sale or use | $823,107 |
| Prepaid expenses and deferred charges | $2,470,110 |
| Net Land, buildings, and equipment | $122,684,239 |
| Investments—publicly traded securities | $48,322,054 |
| Investments—other securities | $416,155,552 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,383,708 |
| Accounts payable and accrued expenses | $1,470,080 |
| Grants payable | $0 |
| Deferred revenue | $5,457,126 |
| Tax-exempt bond liabilities | $67,054,506 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,157,049 |
| Total liabilities | $88,138,761 |
| Net assets without donor restrictions | $222,669,048 |
| Net assets with donor restrictions | $332,575,899 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $643,383,708 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Woodberry Forest School has recieved totaling $89,500.
| Awarding Organization | Amount |
|---|---|
Mckenzie Foundation Chattanooga, TN PURPOSE: OPERATING FUNDS | $75,000 |
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Stine Foundation Inc Orlando, FL PURPOSE: GENERAL | $4,500 |
Endowment Analysis
| Beg. Balance | $267,855,991 |
| Earnings | $100,747,396 |
| Net Contributions | $9,736,102 |
| Other Expense | $11,833,969 |
| Ending Balance | $366,505,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
Severn School Inc Severna Park, MD | $70,000,569 | $28,689,233 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |
Asheville School Incorporated Asheville, NC | $109,072,100 | $30,624,972 |