Woodberry Forest School
82% goes to programs $20 to raise $100 Strong reserves Growing revenue
Woodberry Forest School is a 501(c)(3) organization based in Woodberry For, Virginia, registered in 1932, with $82,580,928 in FY2023 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
898 Woodberry Forest Rd, Woodberry For, VA, 22989 EIN 54-0519590 Since 1932
Revenue (FY2023)
$82.6M
▲ 78.7% vs prior year
Education median: $200K
Expenses (FY2023)
$51.3M
Net assets
$547.1M
Employees
417
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $20 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Woodberry Forest School: 82% to programs · $20 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating128 mo reserves · +38% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Woodberry Forest School: 128 mo reserves · +38% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Woodberry Forest School: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Woodberry Forest School: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Form 990, part iii, line 1, description of organization mission:
What they do
Residential life and support: the school provided residential life support to approximately 400 students in grades nine through twelve.
Contact & location
- Address
- 898 Woodberry Forest Rd, Woodberry For, VA, 22989
- City
- Woodberry For
- State
- Virginia
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $57.9M (FY2013) to $82.6M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $85.5MNet assets $547.1M
Operating margin
37.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$632.6M
Total liabilities
$85.5M
Net assets
$547.1M
Salaries & benefits
$23.4M
46% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $82,580,928▲78.7% | $51,349,359▲2.4% | $547,055,152▲6.3% | $632,586,359▲5.5% | 990 |
| 2022 | $46,224,324▼14.5% | $50,163,246▲15.0% | $514,529,738▼7.3% | $599,568,081▼6.8% | 990 |
| 2020 | $54,060,513▲12.0% | $43,611,970▲8.0% | $555,244,947▲30.9% | $643,383,708▲28.3% | 990 |
| 2019 | $48,272,055▼31.2% | $40,376,371▼4.2% | $424,110,081▲1.2% | $501,341,212▲1.6% | 990 |
| 2018 | $70,140,231▲19.6% | $42,143,311▲1.9% | $419,146,876▲2.1% | $493,458,928▲2.5% | 990 |
| 2017 | $58,623,667▲17.8% | $41,369,151▼0.6% | $410,360,934▲7.8% | $481,379,404▲6.4% | 990 |
| 2016 | $49,756,871▲15.4% | $41,601,026▲6.2% | $380,700,757▲8.7% | $452,504,443▲6.5% | 990 |
| 2015 | $43,115,001▲0.8% | $39,186,617▲3.0% | $350,115,505▼5.5% | $424,921,008▼3.9% | 990 |
| 2014 | $42,754,929▼26.1% | $38,062,705▲3.2% | $370,348,794▲0.2% | $442,271,980▲0.4% | 990 |
| 2013 | $57,894,110 | $36,889,518▲4.8% | $369,522,956▲17.6% | $440,524,355▲18.3% | 990 |
| 2012 | — | $35,191,362▲4.2% | $314,284,613▲8.5% | $372,412,260▲6.1% | 990 |
| 2011 | — | $33,773,628▲4.2% | $289,594,982▼2.2% | $351,053,522▼0.5% | 990 |
| 2010 | — | $32,400,348 | $296,163,494 | $352,953,143 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Byron Cj Hulsey — $657,965 (1.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Byron Cj Hulsey | Headmaster | 40 | $657,965 |
| Andrew C Ellis | Treasurer | 40 | $281,203 |
| Catherine B Wharton | Assistant Headmaster For E | 40 | $268,396 |
| Kenny W Deane Jr | Assistant Treasurer | 40 | $176,115 |
| James Cs Holladay | Capital Gifts Officer | 40 | $160,492 |
| Karla Vargas-kennedy | Assistant Headmaster - Enr | 40 | $150,997 |
| Reed F Davis | Director of Operations | 40 | $143,213 |
| Matthew Boesen | Faculty Advisor To Headmas | 40 | $140,375 |
| Russell Lewis | Director of Facilities | 40 | $138,415 |
| Tabatha O'neill | Secretary | 40 | $80,357 |
| Benjamin H Davis | Trustee | 2 | — |
| Benjamin R Wall II | Trustee | 2 | — |
| Broderick C Dunn | Trustee | 2 | — |
| Clay E Thomson | Trustee | 2 | — |
| Damien R Dwin | Trustee | 2 | — |
| D Bruce Christian | Trustee | 2 | — |
| D Matthew Middelthon | Trustee | 2 | — |
| Dorothy A Matz | Trustee | 2 | — |
| Edward Dc Campbell Jr | Trustee | 2 | — |
| Edward L Baker II | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Kjellstrom & Lee Inc | Contractor | $5,467,944 |
| Advanced Custom Contractors Inc | Contractor | $2,239,993 |
| Tennis Courts Inc | Contractor | $851,350 |
| Beynon Sports Surfaces Inc | Contractor | $737,280 |
| Weaver Works Inc | Contractor | $220,362 |
Grants received · $15.8M total
174 grants to Woodberry Forest School totaling $15.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Compare Woodberry Forest School
Frequently asked questions
- Is Woodberry Forest School a legitimate nonprofit?
- Yes. Woodberry Forest School is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0519590, based in Woodberry For, Virginia. Donations are tax-deductible.
- What is Woodberry Forest School's EIN?
- Woodberry Forest School's Employer Identification Number (EIN) is 54-0519590.
- How much revenue does Woodberry Forest School report?
- Woodberry Forest School reported $82,580,928 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Woodberry Forest School's spending goes to programs?
- Woodberry Forest School spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Woodberry Forest School have?
- CharityIndex grades Woodberry Forest School A, based on program efficiency and fundraising cost.
- How much does Woodberry Forest School's highest-paid employee make?
- The highest reported compensation on Woodberry Forest School's latest Form 990 is $657,965, paid to Byron Cj Hulsey (Headmaster).
Explore more
Data for Woodberry Forest School (EIN 54-0519590) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.