FORM 990, PART VI, SECTION B, LINE 11 |
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. |
FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT: |
IN PRIOR YEARS, SOME OF THE PLEGES RECEIVED WITHOUT DONOR RESTRICTION WERE PLACE INTO RESTRITED ENDOWMENT FUNDS. WOODBERRY FOREST SCHOOL SUBSEQUENTLY MOVED THESE PLEDGES INTO UNRESTRICTED ENDOWMENT FUNDS, RESULTING IN A PRIOR PERIOD ADJUSTMENT TO THE CLASSIFICATION OF NET ASSETS FOR THE YEAR ENDED JUNE 30, 2015. THERE WAS NO CHANGE IN TOTAL BEGINNING NET ASSETS AS A RESULT OF THIS CHANGE. GOLF MEMBERSHIP REVENUE WAS PREVIOUSLY BILLED AND RECORDED AS REVENUE AND A RECEIVABLE IN THE YEAR BEFORE THE GOLF MEMBERSHIP COVERAGE PERIOD. WOODBERRY FOREST SCHOOL SUBSEQUENTLY RECORDED GOLF MEMBERSHIP REVENUE IN THE YEAR OF THE MEMBERSHIP COVERAGE PERIOD, RESULTING A PRIOR PERIOD ADJUSTMENT TO NET ASSETS, AUXILIARY REVENUE, AND ACCOUNTS RECEIVABLE. THE BEGINNING NET ASSETS WERE REDUCED BY $150,578 AS A RESULT OF THIS CHANGE. |