2023-05-15T08:55:22-05:00 2022-06-30 570940019 BAUKNIGHT PIETRAS & STORMER PA 1501 MAIN ST SUITE 600 COLUMBIA SC 29201 990 2021-07-01 570477924 HAMMOND SCHOOL HAMM 8037760295 854 GALWAY LANE COLUMBIA SC 29209 ANDREW NORTH HEAD OF SCHOOL 8037760295 2023-05-12 1 ANDREW NORTH 999009999 SHELLIE S JOHNSON P00294226 8037718943 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANDREW NORTH 854 GALWAY LANE COLUMBIA SC 29209 23329164 0 X WWW.HAMMONDSCHOOL.ORG X 1965 SC THE MISSION OF HAMMOND SCHOOL IS TO INSTILL IN STUDENTS A COMMITMENT TO ACADEMIC EXCELLENCE AND RECOGNITION OF INDIVIDUAL POTENTIAL THAT WILL CONTRIBUTE TO THE DEVELOPMENT OF THEIR CHARACTERS. 24 22 365 450 0 0 957553 1581081 18652491 20618879 390554 547627 98332 459022 20098930 23206609 1868718 1857386 0 0 11832842 12031269 0 0 0 6464166 6463047 20165726 20351702 -66796 2854907 56545051 62530950 24894689 29372153 31650362 33158797 THE MISSION OF HAMMOND SCHOOL IS TO INSTILL IN STUDENTS A COMMITMENT TO ACADEMIC EXCELLENCE AND RECOGNITION OF INDIVIDUAL POTENTIAL THAT WILL CONTRIBUTE TO THE DEVELOPMENT OF THEIR CHARACTERS. 0 0 18344656 1857386 20953897 HAMMOND SCHOOL IS A NON-PROFIT PRIMARY EDUCATIONAL INSTITUTION PROVIDING EDUCATION FROM PRESCHOOL THROUGH GRADE 12. 18344656 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 93 0 1 365 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 SC X X ANDREW NORTH 8037760295 854 GALWAY LANE COLUMBIA SC 29209 BETH E BERNSTEIN TRUSTEE 1.00 X 0 0 0 ROBERT B BETHEA JR TRUSTEE 1.00 X 0 0 0 JOSEPH A EDENS III TRUSTEE 1.00 X 0 0 0 R SETH BLACK TRUSTEE 1.00 X 0 0 0 MICHAEL E EDENS TRUSTEE 1.00 X 0 0 0 J CANTEY HEATH JR TRUSTEE 1.00 X 0 0 0 AKSHAKI M GANDHI TRUSTEE 1.00 X 0 0 0 S MARK HOOD TRUSTEE 1.00 X 0 0 0 DAMON C JETER TRUSTEE 1.00 X 0 0 0 MOJI S OGUNFOWORA TRUSTEE 1.00 X 0 0 0 DAISY B MILLER TRUSTEE 1.00 X 0 0 0 JOSEPH WALKER III TRUSTEE 1.00 X 0 0 0 CARRIE A MOSS TRUSTEE 1.00 X 0 0 0 SUSAN O PORTER TRUSTEE 1.00 X 0 0 0 MARGARET G CLAY TRUSTEE 1.00 X 0 0 0 LT COL PRIMITIVO R DAVIS TRUSTEE 1.00 X 0 0 0 WILLIAM M HASELDEN TRUSTEE 1.00 X 0 0 0 G WILLIAM OWEN TRUSTEE 1.00 X 0 0 0 SHILPA R PATEL TRUSTEE 1.00 X 0 0 0 JOSEPH R FOLLINE CHAIR 1.00 X 0 0 0 MARK P GARSIDE TREASURER 1.00 X 0 0 0 ANGUS M BRABHAM IV TRUSTEE/RISK MANAGEMENT OFFICER 1.00 X 0 0 0 SOHEE K PARK SECRETARY 1.00 X 0 0 0 ALICE P ADAMS VICE-CHAIR 1.00 X 0 0 0 ANDREW NORTH HEAD OF SCHOOL 40.00 X 191696 0 56831 GRACE MOORE CHIEF FINANCIAL OFFICER 40.00 X 108911 0 43121 JEFF BARNES ATHLETIC DIRECTOR 40.00 X 113979 0 48994 LAURA WILLIAMS DIRECTOR OF ADMISSIONS 40.00 X 100274 0 57637 SUSAN KEENAN DIRECTOR OF ADVANCEMENT 40.00 X 144072 0 7144 HELEN KISER LOWER SCHOOL HEAD 40.00 X 117285 0 53647 JOSEPH LUMPKIN UPPER SCHOOL HEAD 40.00 X 109835 0 61272 CHRISTOPHER B ANGEL IMMEDIATE PAST HEAD OF SCHOOL 40.00 X 509244 0 32614 1395296 0 361260 8 1 1 0 MUSCO CORPORATION 100 1ST AVENUE WEST OSKALOOSA IA 52577 INSTALLATION OF NEW STADIUM FIELD LIGHTI 350000 THE BUDD GROUP POST OFFICE BOX 890856 CHARLOTTE NC 28289 JANITORIAL 312121 2 76676 1504405 1581081 TUITION AND FEES 900099 18556233 18556233 AUXILLARY ENTERPRISES 900099 1517599 1517599 EXTENDED CARE AND ACTIVITY FEES 900099 436550 436550 108497 108497 20618879 336907 336907 210720 0 210720 210720 210720 246559 76676 122555 124004 124004 NET GAIN FROM INSURANCE 611110 335018 335018 335018 23206609 20953897 0 671631 1857386 1857386 1756556 1580391 176165 7579637 6819475 760162 370240 330500 39740 1679109 1498882 180227 645727 576418 69309 88371 82156 6215 265374 265374 1916006 1729387 186619 158151 142747 15404 OPERATIONAL SUPPLIES 1468753 1359882 108871 REPAIRS, MAINTENANCE, S 907077 818728 88349 UTILITIES 546861 493597 53264 INSTRUCTIONAL SUPPLIES 541301 541301 571153 513806 57347 20351702 18344656 2007046 0 12068291 16389352 821913 74864 2589417 7217227 28997 33947 97383 281422 49785112 20681217 29966100 29103895 10598757 9012915 374193 417328 56545051 62530950 1565681 2294208 10399139 16090184 11414933 10187595 1514936 800166 24894689 29372153 X 27582645 29567991 4067717 3590806 31650362 33158797 56545051 62530950 X 2854907 -2052601 706129 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 958917 144180 -163451 14004 925642 657642 155027 156268 10020 958917 638390 6450 20448 7646 657642 615313 17152 40614 5462 667617 586268 6327 30682 7964 615313 0.80000 0.20000 1 0 22500 2053107 2075607 42461640 16883762 25577878 5247865 3797455 1450410 29103895 AGENCY FUNDS 218066 CAPITAL LEASE OBLIGATIONS 582100 800166 X 20752116 -2052601 1455494 -597107 21349223 1857386 1857386 23206609 19243681 749365 749365 18494316 1857386 1857386 20351702 PART V, LINE 4: THE ENDOWMENT HAS BEEN CREATED TO SUPPORT THE SCHOOL'S ONGOING OPERATIONS AND GROWTH AND TO ALLOW IT TO STRATEGICALLY INVEST ITS FINANCIAL RESOURCES. THE ANTICIPATED TERM OF THE ENDOWMENT POOL IS PERPETUAL. THE INVESTMENT RETURNS OF THE ENDOWMENT WILL BE USED IN SUPPORT OF HAMMOND'S MISSION. THE ENDOWMENT FUNDS WILL BE USED TO ENSURE THE SCHOOL REMAINS INNOVATIVE AND HAS ADEQUATE RESOURCES FOR THE FUTURE. PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. AT JUNE 30, 2022 AND 2021, THE SCHOOL HAS DETERMINED THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. AS A RESULT, THE SCHOOL DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, INTEREST, OR PENALTIES AT JUNE 30, 2022 AND 2021. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS BY THE TAX AUTHORITIES WHERE THE SCHOOL FILED RETURNS FOR YEARS BEFORE FISCAL 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES NETTED AGAINST REVENUE IN FORM 990 UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT PROCEEDS AND LOSS FROM FIRE CASUALTY REPORTED NET ON FORM 990 PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION IN THE AUDITED FINANCIAL STATEMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES NETTED AGAINST REVENUE IN FORM 990 PROCEEDS AND LOSS FROM FIRE CASUALTY REPORTED NET ON FORM 990 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION IN THE AUDITED FINANCIAL STATEMENTS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOLS NON-DISCRIMINATORY POLICY IS PUBLISHED IN ALL ADMISSIONS MATERIALS. IT IS ALSO INCLUDED IN SUPPLEMENTAL PRINTINGS, ADVERTISEMENTS AND PUBLICATIONS, IN EMPLOYEE HANDBOOKS, AND ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FUNDING UNDER THE PROVISIONS OF THE EANS PROGRAM AS PART OF THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT. GOLF TOURNAMENT 24951 5000 19951 271 5896 1855 1375 AUCTION 271656 71676 199980 5750 28806 71201 3 26628 26628 7401 323235 76676 246559 271 11646 30661 79977 122555 124004 1 FINANCIAL AID TO STUDENTS 232 1857386 CASH PART I, LINE 2 HAMMOND SCHOOL'S FINANCIAL AID PROGRAM WAS DESIGNED TO HELP THE SCHOOL ENROLL A TALENTED, BRIGHT, SOCIALLY AND ECONOMICALLY DIVERSE GROUP OF STUDENTS WHO MIGHT OTHERWISE NOT BE ABLE TO ATTEND HAMMOND. FINANCIAL AID IS GRANTED TO FAMILIES ON THE BASIS OF DEMONSTRATED NEED THROUGH THE USE OF SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS). IN USING SSS, HAMMOND FOLLOWS THE FOLLOWING PRINCIPLES OF GOOD PRACTICE OUTLINED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL (NAIS): 1. FINANCIAL AID AWARDS WILL BE MADE WITHOUT REGARD TO RACE, NATIONALITY, OR ETHNIC ORIGIN. 2. FINANCIAL AID WILL BE DETERMINED ON THE BASIS OF DEMONSTRATED NEED. 3. FAMILIES MUST SUBMIT ANNUALLY THE FINANCIAL STATEMENT TO SSS. 4. THE FINANCIAL AID PROCESS IS 100% CONFIDENTIAL. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 CHRISTOPHER B ANGEL IMMEDIATE PAST HEAD OF SCHOOL 208704 0 300540 0 0 0 24250 0 8364 0 541858 0 0 0 ANDREW NORTH HEAD OF SCHOOL 190477 0 1219 0 0 0 19340 0 37491 0 248527 0 0 0 JOSEPH LUMPKIN UPPER SCHOOL HEAD 108666 0 1169 0 0 0 6189 0 55083 0 171107 0 0 0 HELEN KISER LOWER SCHOOL HEAD 116048 0 1237 0 0 0 6241 0 47406 0 170932 0 0 0 JEFF BARNES ATHLETIC DIRECTOR 112883 0 1096 0 0 0 6319 0 42675 0 162973 0 0 0 LAURA WILLIAMS DIRECTOR OF ADMISSIONS 91992 0 8282 0 0 0 5626 0 52011 0 157911 0 0 0 GRACE MOORE CHIEF FINANCIAL OFFICER 107491 0 1420 0 0 0 5449 0 37672 0 152032 0 0 0 SUSAN KEENAN DIRECTOR OF ADVANCEMENT 142870 0 1202 0 0 0 7144 0 0 0 151216 0 0 0 PART I, LINE 4B BOTH THE PREVIOUS HEAD OF SCHOOL CHRIS ANGEL AND THE CURRENT HEAD OF SCHOOL ANDREW NORTH PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. A SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 837036CP5 2017-05-27 19000000 SCHOOL CONSTRUCTION 0 0 0 A 19000000 321699 16652995 0 0 1 1 A 0 0 0 0 0 0 0 A 1 1 1 THE TORONTO DOMINION BANK 10.000000000000 0 0 0 0 0 A 0 HOOD CONSTRUCTION COMPANY INC BOARD MEMBER IS OWNER 148715 CONSTRUCTION SERVICES 0 FOREST LAKE TRAVEL BOARD MEMBER IS OWNER 72844 EDUCATION TRAVEL 0 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF TRUSTEES INCLUDES TWO MEMBERS WHO ARE SIBLINGS. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED BY THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT, IT IS REVIEWED BY THE CFO, HEAD OF SCHOOL, AND THE CHAIRMAN OF THE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HAMMOND SCHOOL REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE SCHOOL'S REQUIREMENT AND POLICY THAT OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. EVERY YEAR, EACH TRUSTEE AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AND SIGN THE SCHOOL'S ADOPTED CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR OF HAMMOND SCHOOL IS REFERRED TO AS THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO REVIEW THE PERFORMANCE OF THE HEAD OF SCHOOL AND ESTABLISH HIS OR HER COMPENSATION, AS SET FORTH IN SECTION 4.1.1 OF HAMMOND SCHOOL'S BYLAWS AS AMENDED ON MAY 8, 2017. THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE THOSE TRUSTEES WHO ARE THE CHAIRMAN OF THE BOARD, THE VICE-CHAIRMAN OF THE BOARD, THE SECRETARY, AND THE TREASURER, TOGETHER WITH OTHER SUCH TRUSTEES THAT ARE APPOINTED FROM TIME TO TIME AT THE DISCRETION OF THE CHAIRMAN OF THE BOARD. THE EXECUTIVE COMMITTEE REVIEWS DATA ON HEAD OF SCHOOL COMPENSATION FROM OTHER SIMILAR INDEPENDENT SCHOOLS WHEN DETERMINING THE HEAD OF SCHOOL'S COMPENSATION AND OTHER BENEFITS. THE SCHOOL'S CHIEF FINANCIAL OFFICER ASSISTS THE COMMITTEE IN OBTAINING THIS DATA FROM COMPARABLE SCHOOLS AND BENCHMARKING TOOLS FROM ORGANIZATIONS SUCH AS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). THE COMMITTEE ALSO CONSIDERS THE HEAD OF SCHOOL'S EXPERIENCE AND PERFORMANCE WHEN SETTING COMPENSATION LEVELS. ONCE THE COMPENSATION AND BENEFITS ARE DETERMINED, THE EXECUTIVE COMMITTEE AND THE HEAD OF SCHOOL BOTH DESIGNATE THEIR RESPECTIVE ATTORNEYS, AND A CONTRACT IS DRAFTED AND AGREED UPON BY BOTH THE HEAD OF SCHOOL AND THE EXECUTIVE COMMITTEE. WHEN THE CONTRACT EXPIRES, THE PROCESS OF BENCHMARKING AND RENEGOTIATING BETWEEN THE EXECUTIVE COMMITTEE AND THE HEAD OF SCHOOL IS INITIATED AGAIN BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 HAMMOND SCHOOL RETAINS COPIES OF THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ON THE SCHOOL'S SHARED DRIVE. INDIVIDUALS MAY REQUEST COPIES FROM THE BUSINESS OFFICE OR THE HEAD OF SCHOOL OFFICE. THE COPIES ARE MADE AVAILABLE ON THE SCHOOL'S CAMPUS, AND THE HEAD OF SCHOOL'S CONFERENCE ROOM IS DESIGNATED AS A LOCATION FOR ANY INDIVIDUAL TO REVIEW THE DOCUMENTS WITH OR WITHOUT ASSISTANCE FROM THE SCHOOL'S CHIEF FINANCIAL OFFICER OR HEAD OF SCHOOL. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP LIABILITY/ASSET 706,129. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.