2026-02-13T13:50:50-06:00 2025-05-31 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2024-06-01 580625584 WOODWARD ACADEMY INC % LOUISE D MANN WOOD 4047654023 1662 RUGBY AVENUE COLLEGE PARK GA 303372199 LOUISE D MANN VP OF FINANCE/CFO 4047654023 2026-04-15 true true SABRE J LINAHAN P01372980 4048746244 2026-04-15 2024 2025-03-06 01:10:19Z LOUISE D MANN 1662 RUGBY AVENUE COLLEGE PARK GA 303372199 290638810 false X WWW.WOODWARD.EDU X 1900 GA WOODWARD ACADEMY PROVIDES COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN PRE-K THROUGH GRADE 12. 31 29 1002 31 26627 0 2261472 5111447 86689482 92127594 9449371 44504637 728619 762715 99128944 142506393 10243791 12270160 0 0 60856625 63332472 0 0 3115139 28905374 29316691 100005790 104919323 -876846 37587070 314991489 315635252 93753416 84382308 221238073 231252944 X WOODWARD ACADEMY PROVIDES COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN PRE-K THROUGH GRADE 12. WOODWARD INTENTIONALLY BRINGS TOGETHER STUDENTS FROM DIVERSE BACKGROUNDS, PERSPECTIVES, AND EXPERIENCES, CREATING A RICHER LEARNING COMMUNITY AND EXCEPTIONAL ACADEMIC OPPORTUNITIES. WOODWARD'S STUDENTS AND GRADUATES ARE CARING AND COMPASSIONATE GLOBAL CITIZENS WHO ARE A MICROCOSM OF WHAT THE WORLD SHOULD BE. false false 91439172 12270160 92654833 Provided college preparatory education for approximately 2,705 students in pre-K through grade 12 at one of the largest independent schools in the continental United States. Woodward creates opportunities for each child to thrive and is the most diverse independent school in Atlanta. Students learn organically from exposure to perspectives different from their own and they are immersed in intentional programs to teach tolerance, respect, and compassion. 91439172 true true false false false false true false false true true false false false true true false true true false true true false false true false false false true true true true false false false false false true false true true true false false false false true true true false false true 217 0 true 1002 true true true false false false false true true false false false false false false X 31 29 false false false false false false false true true false false true true true true true true true true false GA X LOUISE D MANN 4047654023 1662 RUGBY AVENUE COLLEGE PARK GA 303372119 X Dr F Stuart Gulley President - retired 06/30/25 40.0 1.0 X 731285 0 112152 Dr Christopher Freer Vice President 40.0 0.0 X 307738 0 82493 Nigel Traylor Vice President 40.0 0.0 X 301620 0 32937 Louise D Mann VP OF FINANCE/CFO 40.0 2.0 X 288949 0 31744 Nija Meyer Vice President 40.0 0.0 X 259869 0 44454 Lee Conner Vice President 40.0 10.0 X 243715 0 49223 Jonathan Merrill Administrator 40.0 0.0 X 218199 0 31585 Edward Rutledge Administrator 40.0 0.0 X 215528 0 27872 Dana Phillips Administrator 40.0 0.0 X 160285 0 55803 Dr Jose Fernandez Administrator 40.0 0.0 X 181703 0 25548 Elaine Carroll Administrator 40.0 0.0 X 166162 0 25259 Dr Xavier A Duralde Chairman 2.0 2.0 X X 0 0 0 Mary S Moore Vice Chair 2.0 2.0 X X 0 0 0 Justin H Alexander Board Member 1.0 1.0 X 0 0 0 Calvin R Allen Jr Board Member 1.0 1.0 X 0 0 0 Simon E Arpiarian Board Member 1.0 1.0 X 0 0 0 Gerald R Benjamin Board Member 1.0 1.0 X 0 0 0 Aditya Bhoopathy Board Member 1.0 1.0 X 0 0 0 Kenneth L Blank Board Member 1.0 1.0 X 0 0 0 Ronald M Brill Board Member 1.0 1.0 X 0 0 0 Monica Howard Douglas Board Member 1.0 1.0 X 0 0 0 Suzanna Sanchez Doyle Board Member 1.0 1.0 X 0 0 0 Dr Russell K Gore Board Member 1.0 1.0 X 0 0 0 William H Gray IV Board Member 1.0 1.0 X 0 0 0 Riah W Greathouse Board Member 1.0 1.0 X 0 0 0 Ryan T Gunnigle Board Member 1.0 1.0 X 0 0 0 Rodney S Harrison Board Member 1.0 1.0 X 0 0 0 Jo Cranford Hodges Board Member 1.0 1.0 X 0 0 0 Ben F Johnson III Board Member 1.0 1.0 X 0 0 0 Gregory S Lewis Board Member 1.0 1.0 X 0 0 0 C Brad Marsh Board Member 1.0 1.0 X 0 0 0 Belinda MJ Morris Board Member 1.0 1.0 X 0 0 0 Garnet M Nygren Board Member 1.0 1.0 X 0 0 0 Dr Vicki R Palmer Board Member 1.0 1.0 X 0 0 0 Beth H Paradies Board Member 1.0 1.0 X 0 0 0 Stephen E Roberts Board Member 1.0 1.0 X 0 0 0 LaKesha M Robinson Board Member 1.0 1.0 X 0 0 0 Lauren Z Schlossberg Board Member 1.0 1.0 X 0 0 0 S Paul Shailendra Board Member 1.0 1.0 X 0 0 0 Ricardo L Simon Board Member 1.0 1.0 X 0 0 0 James E Sutherland Jr Board Member 1.0 1.0 X 0 0 0 Matthew D Wilson Board Member 1.0 1.0 X 0 0 0 3075053 0 519070 99 false true false CIBC Private Wealth Management 3290 Northside Parkway NW ATLANTA GA 30327 investment mgmt 254358 Tropic Designs Inc PO Box 1546 JONESBORO GA 302371546 turf management 262830 BDR Partners LLC 1155 Mount Vernon Highway STE 800 ATLANTA GA 303385439 consulting 140250 Alston Bird LLP PO Box 933124 ATLANTA GA 311933124 Legal Services 198206 Coxe Curry Associates Inc 191 Peachtree St NE STE 4025 ATLANTA GA 303031785 Consulting 122791 6 112960 4998487 216844 5111447 TUITION AND FEES 611110 89910284 89910284 AUXILIARY ACTIVITIES 611110 2217310 2217310 92127594 5792442 5792442 0 0 624403 518952 105451 0 105451 26627 78824 185588429 23916 146830550 69600 38757879 -45684 38712195 38712195 115966 112960 93901 22065 22065 0 0 0 1146653 619414 527239 527239 MISCELLANEOUS INCOME 900099 107960 107960 107960 142506393 92654833 26627 44713486 0 12221480 12221480 48680 48680 0 2506694 1928537 578157 0 47764124 42399592 3909685 1454847 2143541 1918581 163252 61708 7334197 6564488 558572 211137 3583916 3207791 272951 103174 0 430341 430341 74225 74225 0 0 254358 254358 0 931047 381228 549819 1200541 330029 870512 1105424 1001160 66350 37914 0 3643929 3407199 217103 19627 471401 305113 123992 42296 0 0 3230309 3230309 0 5092689 5026102 48395 18192 1227024 1120418 85623 20983 INSTRUCTIONAL MATERIALS 5204619 5204619 TRANSPORTATION 2468000 2468000 FOOD SERVICE 2349747 2271188 137777 -59218 SUMMER PROGRAM 432826 432826 1200211 281597 842111 76503 104919323 91439172 10365012 3115139 0 0 23087853 25091190 713283 941704 818997 520407 0 0 0 0 0 0 141717 610914 640279 775773 249393181 114570762 135827228 134822419 152363096 152176027 566692 590807 0 0 0 0 832344 106011 314991489 315635252 11899907 11952567 0 0 11780595 10843622 65729584 57468903 0 0 0 0 3487500 3037500 0 0 855830 1079716 93753416 84382308 X 194911236 201829481 26326837 29423463 221238073 231252944 314991489 315635252 X 37587070 -26567427 -1004772 X false true X true false X 2500956 3938372 3089399 2261472 5111447 16901646 0 0 2500956 3938372 3089399 2261472 5111447 16901646 465879 16435767 2515608 3328982 4526592 5061431 6371370 21803983 353 17456 68199 10167 48692 144867 32443 57155 79348 78637 107960 355543 39206039 412658848 0.41922 0.44547 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3 1.00 3 true 200.00 10000 26941790 714443 2830413 1146099 80883 29259664 24293908 93676 3823941 1190723 79012 26941790 25419506 169996 -342173 882843 70578 24293908 27348217 677915 -1475619 1051205 79802 25419506 21480021 472464 6744372 1255519 93121 27348217 0.06400 0.59700 0.33900 false false 1319000 25021021 26340021 12953000 187666710 95917506 104702204 21359525 18653256 2706269 1073925 1073925 134822419 0 ASSET RETIREMENT OBLIGATION 60118 INTEREST RATE SWAPS LIABILITY 328293 PLAN 457(B) LIABILITY 462289 DUE TO RELATED ORGANIZATION 229016 1079716 X PART II, LINE 9 THERE IS NO SPECIAL ACCOUNTING FOR THE SCHOOL'S CONSERVATION EASEMENTS. TWO HISTORICAL STRUCTURES ARE USED IN THE DAILY OPERATIONS OF THE SCHOOL AS OFFICES. THE THIRD STRUCTURE IS THE CEREMONIAL FRONT GATE OF THE SCHOOL. THE MONITORING, INSPECTING AND ENFORCING OF EASEMENTS IS PART OF THE ROUTINE HOUSEKEEPING AND MAINTENANCE ACTIVITIES OF THE SCHOOL'S FACILITIES DEPARTMENT. THE HISTORICAL CHARACTER OF THE STRUCTURES IS MAINTAINED WHEN REPAIRS AND MAINTENANCE ARE MADE. THERE IS AN ENDOWED FUND FOR THE MAINTENANCE OF ONE OF THE BUILDINGS. AN AMOUNT APPROXIMATE TO 4.25% OF THE MARKET VALUE OF THE FUND IS UTILIZED EACH YEAR TO PARTIALLY OFFSET THE COSTS OF MAINTAINING THIS BUILDING. PART V, LINE 4 THE SCHOOL'S ENDOWMENT FUNDS ARE INTENDED FOR USE IN PROVIDING FINANCIAL AID TO WOODWARD ACADEMY STUDENTS, AWARDS TO OUTSTANDING WOODWARD ACADEMY STUDENTS, FUNDS FOR CURRICULUM ENRICHMENT AND ENHANCEMENT IN FACULTY SALARIES AND MAINTENANCE OF THE ALUMNI CENTER. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2 The School is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code ("IRC"). It is management's opinion that unrelated business activities undertaken by the School which could generate unrelated business income tax resulted in a net loss for the years ended May 31, 2025 and 2024 and, accordingly, no provision for federal income taxes has been made. Management has evaluated the effects of the guidance provided by U.S. GAAP on Accounting for Uncertainty in Income Taxes and believes the School continues to satisfy the requirements of a tax-exempt organization at May 31, 2025. Management has evaluated all other tax positions that could have a significant effect on the consolidated financial statements and determined the School had no uncertain income tax positions at May 31, 2025. In the normal course of business, the School is subject to examination by the federal and state taxing authorities. In general, the School is no longer subject to tax examinations for tax years ending before May 31, 2022. true true true true true true true false false false false false false false false false false true PART I, LINE 3 THE APPLICATION FOR ADMISSION AND ALL OF THE OTHER SCHOOL ADVERTISING TO SOLICIT POTENTIAL STUDENTS, INCLUDING THE SCHOOL'S WEBSITE, STATES THAT THE SCHOOL HAS A NONDISCRIMINATORY POLICY OF ADMISSION. true Central America and the Caribbean 0 0 Investments 4917817 Sub-Saharan Africa 0 Grantmaking 48680 0 0 0 0 4966497 4966497 Sub-Saharan Africa SCHOOL PROJECT ASSISTANCE 48680 WIRE 1 false false true true false false PART I, LINE 2 BEFORE SENDING FUNDS TO THE TERRANOVA SCHOOL, WOODWARD ACADEMY RECEIVES A FUNDS REQUEST FORM WHICH PROVIDES DETAILS ON WHAT THE MONIES WILL BE USED FOR TO ENSURE THEY ARE IN ACCORDANCE WITH IRC SECTION 501(C)(3) PURPOSES. RECEIPTS FOR ALL REQUESTED FUNDS ARE ALSO PROVIDED THROUGHOUT THE PROJECT AS WELL AS A SIGNED ATTESTATION AGREEMENT. THE ATTESTATION AGREEMENT CONFIRMS THAT FUNDS WILL BE USED FOR APPROPRIATE PURPOSES, PROMISES THAT RECEIPTS AND PICTURE OF THE PROJECT WILL BE PROVIDED (IF APPLICABLE), AND ASSURES THAT FUNDS ARE NOT DISTRIBUTED TO TERRORISTS. PART I, LINE 3 THE AMOUNT REFLECTED IN PART I, LINE 3 FOR INVESTMENTS REPRESENTS THE FAIR MARKET VALUE AS OF THE END OF THE FISCAL YEAR OF FOREIGN INVESTMENTS HELD. THE AMOUNT REFLECTED IN PART I, LINE 3 FOR GRANTS REPRESENTS THE AMOUNT OF CASH TRANSFERRED DURING THE YEAR TO THE GRANT RECIPIENT. PART IV, QUESTION 3 WOODWARD ACADEMY HAD AN OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE TAX YEAR. THE INVESTMENT AMOUNT WAS NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. PART IV, QUESTION 4 WOODWARD ACADEMY (THE ORGANIZATION) IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" (PFICS). THE ORGANIZATION DID NOT RECEIVE ANY TAXABLE DISTRIBUTIONS FROM ANY OF THE PFICS DURING THE FISCAL YEAR ENDED MAY 31, 2025. FORM 8621 IS NOT BEING FILED, PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E). THE BIG CHILL 228926 112960 115966 7000 70905 1000 14996 0 228926 112960 115966 7000 70905 1000 14996 93901 22065 true NEED-BASED TUITION GRANTS 705 1086205 BOOK TUITION REDUCTION TUITION REMISSION 8 135275 BOOK TUITION REDUCTION PART I, LINE 2 WOODWARD ACADEMY OFFERS NEED-BASED TUITION ASSISTANCE FOR QUALIFYING STUDENTS WHO ATTEND THE ACADEMY, THROUGH THE SERVICES OF AN INDEPENDENT THIRD PARTY. THE ACADEMY HAS FORMAL PROCEDURES TO ANALYZE FINANCIAL INFORMATION TO IDENTIFY THESE STUDENTS. THE ACADEMY ALSO PROVIDES A SMALL AMOUNT OF TUITION REMISSION TO THOSE WHO WERE GRANDFATHERED IN AT THE TIME THE TERMINATED PLAN WAS CEASED. TUITION ASSISTANCE IS USED TO OFFSET CHARGES TO STUDENT ACCOUNTS. SINCE NO EXCHANGE OF FUNDS OCCURS, THERE IS NO NEED TO MONITOR THE USE OF THE ASSISTANCE. X X true true X X X X false true false false false false false false false Dr F Stuart Gulley President - retired 06/30/25 658642 0 0 0 72643 0 95700 0 18312 0 845297 0 0 0 Louise D Mann VP OF FINANCE/CFO 288949 0 0 0 0 0 16965 0 15895 0 321809 0 0 0 Dr Christopher Freer Vice President 307738 0 0 0 0 0 19205 0 64404 0 391347 0 0 0 Nigel Traylor Vice President 301620 0 0 0 0 0 18135 0 14895 0 334650 0 0 0 Nija Meyer Vice President 259869 0 0 0 0 0 16398 0 28149 0 304416 0 0 0 Lee Conner Vice President 243715 0 0 0 0 0 14540 0 35613 0 293868 0 0 0 Jonathan Merrill Administrator 218199 0 0 0 0 0 13708 0 17970 0 249877 0 0 0 Edward Rutledge Administrator 215528 0 0 0 0 0 12665 0 15994 0 244187 0 0 0 Dr Jose Fernandez Administrator 181703 0 0 0 0 0 11526 0 14714 0 207943 0 0 0 Dana Phillips Administrator 160285 0 0 0 0 0 9893 0 46550 0 216728 0 0 0 Elaine Carroll Administrator 166162 0 0 0 0 0 10057 0 15295 0 191514 0 0 0 PART I, LINE 1A Housing Allowance: The president is paid a housing allowance each year - $72,000 for 2024 calendar year - all included in taxable compensation. One vice president lives on campus in housing provided for the benefit of Woodward Academy and as a condition of the individual's employment, and therefore treated as nontaxable. Another vice president lives off campus in housing owned by Woodward Academy and rented to the individual at a reasonable, subsidized rent, and therefore treated as nontaxable, as well. SOCIAL CLUB DUES: THE SCHOOL PAYS DUES FOR THE PRESIDENT'S MEMBERSHIP IN A LOCAL BUSINESS/SOCIAL CLUB. THE PAYMENTS OF WHICH ARE TREATED AS A NONTAXABLE BENEFIT BECAUSE THE MEMBERSHIP IS USED FOR SCHOOL BUSINESS PURPOSES ONLY. PART I, LINE 4B WOODWARD ACADEMY CONTRIBUTED $75,000 TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS FOR DR. F. STUART GULLEY. AMOUNTS IN THE PLAN VEST OVER TIME BASED ON THE NUMBER OF YEARS OF SERVICE. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900ZH3 2008-06-10 32000000 CONSTRUCT/RENOVATE ATHLETICS FACIL false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900ZJ9 2007-08-23 13000000 CONSTRUCT/RENOVATE UPPER SCHOOL CL false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900ZK6 2006-08-10 11000000 CONSTRUCT NEW PRIMARY SCHOOL CAMPU false false false A 0 0 32414132 0 0 0 193276 0 0 32220856 0 0 2009 false false true true B 0 0 13252860 0 0 0 317731 0 0 12935129 0 0 2008 false false true true C 0 0 11262113 0 0 0 184984 0 0 11077129 0 0 2007 false false true true A false false false false 0 false false false false B false false false false 0 false false false false C false false false false 0 false false false false A true true false 0 false 0 false false B true true false 0 false 0 false false C true true false 0 false 0 true false A false B false C false PART II, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE LISTED IN PART I, COLUMN E AND THE TOTAL PROCEEDS OF ISSUE LISTED IN PART II, LINE 3 IS DUE TO INVESTMENT EARNINGS. NA N/A 33950 tuition grants SUTHERLAND FOODS SEE SUPPLEMENTAL INFO. 2012471 PURCHASE OF FOOD false TROPIC DESIGNS SEE SUPPLEMENTAL INFO. 262564 TURF MANAGEMENT false JENNY CONNER SEE SUPPLEMENTAL INFO. 74089 COMPENSATION false PART IV, LINE 1 SUTHERLAND FOODS IS AN ENTITY OWNED MORE THAN 35% BY JAMES E. "GENE" SUTHERLAND, JR., A BOARD MEMBER OF THE ORGANIZATION. PART IV, LINE 2 TROPIC DESIGNS IS AN ENTITY OWNED MORE THAN 35% BY A FAMILY MEMBER OF JAMES E. "GENE" SUTHERLAND, JR., A BOARD MEMBER OF THE ORGANIZATION. PART IV, LINE 3 SPOUSE OF LEE CONNER, KEY EMPLOYEE X 11 103884 MARKET SALES PRICE X various items 139 112960 fmv false true true PART I, COLUMN B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32A ALL STOCK CONTRIBUTIONS GO DIRECTLY INTO THE ORGANIZATION'S INVESTMENT ACCOUNT AT CIBC AND ARE SOLD IMMEDIATELY BY CIBC. PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE AND THE FINANCE AND EXECUTIVE COMMITTEE REVIEW AND APPROVE THE FORM 990. AN ELECTRONIC COPY OF THE FORM 990 IS SENT TO ALL BOARD MEMBERS. PART VI, SECTION B, LINE 12C EACH YEAR BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND CERTIFY THAT THEY HAVE READ AND ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS WHO HAVE A POTENTIAL CONFLICT OF INTEREST ABSTAIN FROM VOTING ON ISSUES INVOLVING THE CONFLICT OF INTEREST. PART VI, SECTION B, LINE 15 THE AVP FOR HUMAN RESOURCES RESEARCHES COMPARABLE COMPENSATION DATA AND PROVIDES THE INFORMATION TO THE PRESIDENT AND THE COMPENSATION COMMITTEE. COMPARABLE DATA FROM THE FOLLOWING GROUPS ARE USED: ALL MEMBER SCHOOLS OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), ALL NON-MEMBER SCHOOLS THAT REPORT TO NAIS, ALL GEORGIA INDEPENDENT SCHOOLS, AND LARGE INDEPENDENT SCHOOLS IN THE UNITED STATES. SOME OF THE FACTORS CONSIDERED INCLUDE THE EXPERIENCE OF THE EMPLOYEE AND THE SIZE AND COMPLEXITY OF THE SCHOOL IN RELATION TO THE SCHOOLS IN THE COMPARISON DATA. THE COMPENSATION COMMITTEE APPROVES AND DOCUMENTS THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES AND ALL OFFICERS AND KEY EMPLOYEES RECEIVE ANNUAL WRITTEN CONTRACTS. PART VI, SECTION C, LINE 19 THE SCHOOL'S FORMS 1023, 990, AND 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 9 UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP AGREEMENT - $1,055,756 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 405 UNREALIZED GAIN/LOSS ON CSV OF LIFE INSURANCE 24,116 UNREALIZED GAIN/LOSS ON BAD DEBT WRITE-OFF 25,000 --------------- TOTAL OTHER CHANGES IN NET ASSETS - $1,006,235 STUDENT TRANSPORT INC 1662 RUGBY AVENUE COLLEGE PARK GA 30337 581806042 BUS TRANSPORT GA 501(c)(3) 12 - type 1 WOODWARD ACA true CHARITABLE REMAINDER TRUST INVESTMENT GA CIBC PRIVATE TRUST 0 106004 1.00000 false false false false false false false false false false false false false true false false false false false false STUDENT TRANSPORT INC M 2468000 BOOK VALUE