Woodberry Forest School
898 Woodberry Forest Road
Woodberry Forest VA 22989
Mission Statement To develop in our 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 desire to be of service to others.  We aim to help our students become leaders of and active contributors to society. We also intend to prepare them to enter the best colleges and universities consistent with their potential.
Leadership
CEO/Executive Director Dr. Byron C. J. Hulsey
Board Chair Mr. Sumner S. Finch
Board Chair Company Affiliation Community Volunteer
Contact Information
Address 898 Woodberry Forest Road
Woodberry Forest, VA 22989
Telephone 540 672-3900
Fax 540 672-6009
E-mail shawna.lukkes@woodberry.org
History and Background
Year of Incorporation 1932
Financial Summary
Revenue vs Expense Bar Graph - All Years
Expense Breakdown Bar Chart - All Years
 
 
Projected Revenue $34,898,008.00
Projected Expenses $34,879,782.00
Statements
Mission To develop in our 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 desire to be of service to others.  We aim to help our students become leaders of and active contributors to society. We also intend to prepare them to enter the best colleges and universities consistent with their potential.
Impact

Accomplishments from last year:

  1. Woodberry Forest graduated 94 students in the Class of 2016. All members of the class were accepted to four-year colleges and universities — institutions ranging from small, private liberal-arts colleges to major state universities and Ivy League schools.

  2. Woodberry Forest received 386 applications from prospective students. Twelve percent of the boys enrolled at Woodberry are students of color.

  3. Our constituents increased their support of Woodberry in 2016 — contributing more than $3.4 million to the Amici Fund, our annual fund, for the first time ever. We received Amici donations from 60% of the school’s alumni and 97% of our current parents, including 100% of the parents of our sixth-form (senior) students.

Goals for this year:

  1. Increase the number of applicants to Woodberry Forest and continue to increase the school’s selectivity.

  2. Develop a new strategic plan to guide the school in its quest to help Woodberry provide boys with what they need for their future.

  3. Increase support of the Amici Fund to $3.3 million while ensuring that donors have a good experience making their gifts.

Needs
  1. In crease support for the Walker Building.
  2. Increased Amici Fund support.
  3. Need-based financial aid.
  4. Increase in number of donors who include Woodberry Forest in their estate planning.
  5. Support for faculty salaries and professional development.   


 
Background Woodberry Forest School was founded on land that originally belonged to General William Madison, brother of President James Madison, near Orange, Virginia. In 1889 Civil War veteran Captain Robert S. Walker brought a tutor to the farm to educate his sons. Soon boys from neighboring farms joined the six Walker boys in the classroom, and a school was born. Over the years the campus and curriculum have changed with the times, but the school's mission has remained constant: Woodberry Forest is an exceptional boarding school community for motivated boys in grades nine through twelve. Centered around a century-old, student-run honor system, a Woodberry education emphasizes intellectual thoroughness and moral integrity.
Areas of Service
Areas Served
Area
Other

This year the school has enrolled 395 boys from 25 states, the District of Columbia, and 19 other countries.

Board Chair
Board Chair Mr. Sumner S. Finch
Company Affiliation Community Volunteer
Term Nov 2016 to Nov 2019
Email ssfinch@aol.com
Board of Directors
Board Members
NameAffiliation
Mr. Patrick F. Bassett Community Volunteet
Mr. John R. Belk Community Volunteer
Mr. William K. Caler Jr.Community Volunteer
Mr. Thomas H. Claiborne Community Volunteer
Mr. John K. Cohen Community Volunteer
Mr. Benjamin H. Davis Community Volunteer
Mr. Damien R. Dwin Community Volunteer
Mr. Franklin S. Edmonds Jr.Community Volunteer
Mr. Sumner S. Finch Community Volunteer
Mrs. Ragan Folan Community Volunteer
Mr. Haynes G. Griffin Community Volunteer
Mr. E. Hooper Hardison Jr.Community Volunteer
Mr. Robert E. Long Community Volunteer
Mr. Frederick R. Lummis IICommunity Volunteer
Mr. C. H. Randolph Lyon Community Volunteer
Mr. Gary A. Mance Community Volunteer
Mrs. Lilian S. Murray Community Volunteer
Mr. G. Kinsey Roper IIICommunity Volunteer
Mr. Robert H. Spilman Jr.Community Volunteer
Mr. Owen D. Thomas Community Volunteer
Mr. Giles Tucker Community Volunteer
Mr. C. Stewart Verdery Community Volunteer
Mr. C. Carter Walker Jr.Community Volunteer
Board Demographics - Ethnicity
African American/Black 3
Asian American/Pacific Islander 0
Caucasian 20
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 21
Female 2
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 3
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Number of Full Board Meetings Annually 3
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Dr. Byron C. J. Hulsey
Plans
Organization has a Strategic Plan?
Programs
Description
Fiscal Year
Projected Revenue $34,898,008.00
Projected Expenses $34,879,782.00
Endowment Value $229,000,000.00
Spending Policy Percentage
Percentage (if selected) 5
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201620152014
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$8,042,947$6,998,313$28,341,252
------
$16,668,479$16,392,758$15,815,546
Investment Income, Net of Losses($11,802,718)$9,267,302$1,708,281
Membership Dues------
Special Events------
Revenue In-Kind$680,624$859,680--
Other$365,029$335,455$150,035
Expense Allocation
Fiscal Year201620152014
Program Expense$11,090,566$26,504,189$10,249,602
Administration Expense$21,397,317$5,258,361$20,052,022
Fundraising Expense$1,549,189$1,265,120$1,319,499
Payments to Affiliates------
Total Revenue/Total Expenses0.411.031.46
Program Expense/Total Expenses33%80%32%
Fundraising Expense/Contributed Revenue19%18%5%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$424,921,008$442,271,980$440,524,355
Current Assets$29,553,887$34,047,743$41,885,701
Long-Term Liabilities$50,940,000$50,940,000$50,940,000
Current Liabilities$23,865,503$20,983,186$20,061,399
Total Net Assets$350,115,505$370,348,794$369,522,956
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities1.241.622.09
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets12%12%12%
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? Yes
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Comments
Foundation Comments
  • Financial information provided from IRS 990s.
  • IRS 990s and audited financial statements prepared by Hantzmon, Wiebel, LLP.
  • Revenue from "Individuals" also includes support from corporations and foundations.