HOTCHKISS SCHOOL: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- HOTCHKISS SCHOOL (EIN 06-0647018)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-10
- IRS object ID
- 202231309349303683
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-10T13:41:57-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060647018 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HOTCHKISS SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOTC | BusinessNameControlTxt |
| Phone | 8604353159 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 INTERLAKEN ROAD | AddressLine1Txt |
| City | LAKEVILLE | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06039 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SANDRA J LYNCH | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8604353159 | PhoneNum |
| Signature | 2022-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SANDRA | PersonFirstNm |
| Person Last | LYNCH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SANDRA J LYNCH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 INTERLAKEN ROAD | AddressLine1Txt |
| City | LAKEVILLE | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06039 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $154,264,394 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOTCHKISS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1891 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | THE SCHOOL STRIVES TO DEVELOP IN STUDENTS A LIFELONG LOVE OF LEARNING AND RESPONSIBLE CITIZENSHIP. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 435 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | -$385,665 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $14,322,717 | PYContributionsGrantsAmt |
| CY Contributions Grants | $21,890,881 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $36,364,792 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $37,197,922 | CYProgramServiceRevenueAmt |
| PY Investment Income | $27,857,557 | PYInvestmentIncomeAmt |
| CY Investment Income | $74,717,009 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,986,635 | PYOtherRevenueAmt |
| CY Other Revenue | $1,530,855 | CYOtherRevenueAmt |
| PY Total Revenue | $80,531,701 | PYTotalRevenueAmt |
| CY Total Revenue | $135,336,667 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,205,530 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $12,015,144 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $31,571,163 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $32,244,300 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,803,498 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $32,906,582 | PYOtherExpensesAmt |
| CY Other Expenses | $35,741,417 | CYOtherExpensesAmt |
| PY Total Expenses | $74,683,275 | PYTotalExpensesAmt |
| CY Total Expenses | $80,000,861 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,848,426 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $55,335,806 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $694,073,928 | TotalAssetsBOYAmt |
| Total Assets EOY | $832,226,197 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $105,216,896 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $103,799,719 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $588,857,032 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $728,426,478 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE HOTCHKISS SCHOOL STRIVES TO DEVELOP IN STUDENTS A LIFELONG LOVE OF LEARNING, RESPONSIBLE CITIZENSHIP, AND PERSONAL INTEGRITY. WE ARE A COMMUNITY BASED ON TRUST, MUTUAL RESPECT, AND COMPASSION, AND WE HOLD ALL MEMBERS OF THE COMMUNITY ACCOUNTABLE FOR UPHOLDING THESE VALUES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $55,267,607 | ExpenseAmt |
| Grant | $12,015,144 | GrantAmt |
| Revenue | $38,426,228 | RevenueAmt |
| Desc | THE SCHOOL IS COMMITTED TO MASTERY OF LEARNING SKILLS, DEVELOPMENT OF INTELLECTUAL CURIOSITY, EXCELLENCE AND CREATIVITY IN ALL DISCIPLINES, AND ENTHUSIASTIC PARTICIPATION IN ATHLETICS AND OTHER SCHOOL ACTIVITIES. WE ENCOURAGE OUR STUDENTS TO DEVELOP CLARITY OF THOUGHT, CONFIDENCE AND FACILITY IN EXPRESSING IDEAS, AND ARTISTIC AND AESTHETIC SENSITIVITY. WE EXPECT ALL MEMBERS OF THE COMMUNITY, IN AND OUT OF THE CLASSROOM, TO SUBJECT THEIR VIEWS AND ACTIONS TO CRITICAL EXAMINATION AND TO ACCEPT RESPONSIBILITY FOR THEM. WE HOPE THAT OUR GRADUATES WILL LEAVE HOTCHKISS WITH A COMMITMENT TO SERVICE TO OTHERS AND TO ENVIRONMENTAL STEWARDSHIP, AND WITH A GREATER UNDERSTANDING OF THEMSELVES AND OF THEIR RESPONSIBILITIES IN A GLOBAL SOCIETY. THE ENROLLMENT FOR THE TAX YEAR WAS APPROXIMATELY 620 STUDENTS. | Desc |
| Total Program Service Expenses | $55,267,607 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 163 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 435 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SANDRA J LYNCH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8604353159 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 INTERLAKEN ROAD | AddressLine1Txt |
| City | LAKEVILLE | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06039 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| CRAIG W BRADLEY | |||||||||
| HEAD OF SCHOOL | 50.00 | Yes (X) | Yes (X) | $617,382 | $0 | $176,437 | |||
| SANDRA LYNCH | |||||||||
| CFO | 40.00 | Yes (X) | $353,500 | $0 | $51,276 | ||||
| MERRILEE MARDON | |||||||||
| ASSOCIATE HEAD OF SCHOOL | 40.00 | $214,308 | $0 | $137,989 | Yes (X) | ||||
| NINETTE ENRIQUE | |||||||||
| CHIEF ADVANCEMENT OFFICER | 40.00 | $300,021 | $0 | $50,854 | Yes (X) | ||||
| ERBY L MITCHELL JR | |||||||||
| DEAN OF ADMISSON & FINANCIAL AID | 40.00 | $196,062 | $0 | $106,076 | Yes (X) | ||||
| RICHARD HAZELTON | |||||||||
| DIRECTOR OF COLLEGE ADVISING | 40.00 | $175,098 | $0 | $108,129 | Yes (X) | ||||
| MELISSA WOODIN | |||||||||
| CONTROLLER | 40.00 | $175,335 | $0 | $55,968 | Yes (X) | ||||
| JEFFREY NAVIN | |||||||||
| SENIOR FINANCIAL ANALYST | 40.00 | $167,142 | $0 | $55,457 | Yes (X) | ||||
| JARED ZELMAN MD | |||||||||
| MEDICAL DIRECTOR | 40.00 | $177,643 | $0 | $41,858 | Yes (X) | ||||
| JOSEPH P FLYNN | |||||||||
| FORMER CHIEF ADVANCEMENT OFFICER | 0.00 | $105,177 | $0 | $0 | Yes (X) | ||||
| CHARLES AYRES JR | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| AUSTIN BEUTNER | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| REBECCA VAN DER BOGERT | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANNE MATLOCK DINNEEN | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN GRUBE | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALEXANDER HURST | |||||||||
| TRUSTEE (FROM 10/1/2020) | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANNIKA LESCOTT | |||||||||
| TRUSTEE (FROM 1/29/21) | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| BERNICE LEUNG LIN | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| CRISTINA MARIANI-MAY | |||||||||
| TRUSTEE (FROM 7/1/20) | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| CARLOS A PEREZ | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS S QUINN III | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRISTOPHER REDLICH | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN ROBERSON | |||||||||
| PRESIDENT OF THE HOTCHKISS FUND | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS SEIDENSTEIN | |||||||||
| PRESIDENT OF ALUMNI ASSOCIATION | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| TIMOTHY P SULLIVAN | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| RHONDA R TROTTER | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| GWYN WILLIAMS | |||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT CHARTENER | |||||||||
| VICE PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH GARDNER HINES | |||||||||
| CO-PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ROBERT GOULD | |||||||||
| CO-PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| RAYMOND MCGUIRE | |||||||||
| VICE PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ROGER K SMITH | |||||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| DAVID WYSHNER | |||||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,481,668 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $784,044 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 35 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TORY HILL LLC | |||||
| 11 INTERLAKEN ROAD | LAKEVILLE | CT | 06039 | DINING SERVICES | $3,625,081 |
| BURLINGTON CONSTRUCTION CO INC | |||||
| 67 PROSPECT AVE | TORRINGTON | CT | 06790 | CONSTRUCTION | $2,077,076 |
| HORTON ELECTRICAL SERVICES LLC | |||||
| 97 RIVER ROAD | CANTON | CT | 06019 | ELECTRICAL CONTRACTOR | $827,943 |
| BOWIE GRIDLEY ARCHITECTS | |||||
| 1010 WISCONSIN AVENUE | WASHINGTON | DC | 20007 | ARCHITECTURAL SERVICES | $561,384 |
| ROPES & GRAY LLP | |||||
| PO BOX 70280 | PHILADELPHIA | PA | 19176 | LEGAL SERVICES | $440,439 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 40 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $21,890,881 | AllOtherContributionsAmt |
| Noncash Contributions | $2,492,332 | NoncashContributionsAmt |
| Total Contributions | $21,890,881 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION AND FEES | Desc |
| Business | 611600 | BusinessCd |
| Total Revenue Column | $37,197,922 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37,197,922 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $37,197,922 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,154,375 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$675,292 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,829,667 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $92,135,840 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $18,573,206 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $73,562,634 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $73,562,634 | TotalRevenueColumnAmt |
| Exclusion | $73,562,634 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $301,316 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $354,521 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$53,205 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$53,205 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| STUDENT FEES AND OTHER | 900099 | $1,137,168 | $1,137,168 | |
| CHILD CARE INCOME | 611710 | $191,993 | $191,993 | |
| STUDENT ACTIVITIES | 611710 | $144,343 | $144,343 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $110,556 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $97,634 | UnrelatedBusinessRevenueAmt |
| Exclusion | $12,922 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,584,060 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $135,336,667 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $38,426,228 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$385,665 | UnrelatedBusinessRevenueAmt |
| Exclusion | $75,405,223 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,155,750 | TotalAmt |
| Program Services | $11,155,750 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $859,394 | TotalAmt |
| Program Services | $859,394 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,702,636 | TotalAmt |
| Management And General | $1,348,614 | ManagementAndGeneralAmt |
| Fundraising | $354,022 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,310,105 | TotalAmt |
| Program Services | $16,707,100 | ProgramServicesAmt |
| Management And General | $2,439,205 | ManagementAndGeneralAmt |
| Fundraising | $2,163,800 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,414,620 | TotalAmt |
| Program Services | $1,893,060 | ProgramServicesAmt |
| Management And General | $276,383 | ManagementAndGeneralAmt |
| Fundraising | $245,177 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,164,140 | TotalAmt |
| Program Services | $4,048,680 | ProgramServicesAmt |
| Management And General | $591,100 | ManagementAndGeneralAmt |
| Fundraising | $524,360 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,652,799 | TotalAmt |
| Program Services | $1,295,793 | ProgramServicesAmt |
| Management And General | $189,183 | ManagementAndGeneralAmt |
| Fundraising | $167,823 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $969,161 | TotalAmt |
| Management And General | $969,161 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,700 | TotalAmt |
| Management And General | $95,700 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,828,211 | TotalAmt |
| Management And General | $2,828,211 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,178,768 | TotalAmt |
| Program Services | $1,387,080 | ProgramServicesAmt |
| Management And General | $1,761,904 | ManagementAndGeneralAmt |
| Fundraising | $29,784 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,078,600 | TotalAmt |
| Program Services | $682,754 | ProgramServicesAmt |
| Management And General | $382,903 | ManagementAndGeneralAmt |
| Fundraising | $12,943 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,236,439 | TotalAmt |
| Program Services | $782,666 | ProgramServicesAmt |
| Management And General | $438,936 | ManagementAndGeneralAmt |
| Fundraising | $14,837 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,405,700 | TotalAmt |
| Program Services | $4,715,048 | ProgramServicesAmt |
| Management And General | $513,686 | ManagementAndGeneralAmt |
| Fundraising | $176,966 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,501 | TotalAmt |
| Program Services | $41,462 | ProgramServicesAmt |
| Management And General | $23,253 | ManagementAndGeneralAmt |
| Fundraising | $786 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,000 | TotalAmt |
| Fundraising | $113,000 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,345,912 | TotalAmt |
| Program Services | $1,076,720 | ProgramServicesAmt |
| Management And General | $269,192 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,144,175 | TotalAmt |
| Program Services | $5,715,340 | ProgramServicesAmt |
| Management And General | $1,428,835 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $684,200 | TotalAmt |
| Management And General | $684,200 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PANDEMIC RELATED EXPENS | $3,666,281 | $3,666,281 | |
| LEGAL-OTHER | $3,290,000 | $3,290,000 | |
| INSTRUCTIONAL RELATED E | $1,037,079 | $1,037,079 | |
| STUDENT ACTIVITIES | $203,400 | $203,400 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,399,290 | TotalAmt |
| Management And General | $3,399,290 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,000,861 | TotalAmt |
| Program Services | $55,267,607 | ProgramServicesAmt |
| Management And General | $20,929,756 | ManagementAndGeneralAmt |
| Fundraising | $3,803,498 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,974,813 | BOYAmt |
| EOY | $11,721,534 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,732,785 | BOYAmt |
| EOY | $15,383,452 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,802,875 | BOYAmt |
| EOY | $10,657,844 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,137 | BOYAmt |
| EOY | $25,946 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,981 | BOYAmt |
| EOY | $160,776 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,485,866 | BOYAmt |
| EOY | $1,367,506 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $272,618,557 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $113,274,420 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $161,715,655 | BOYAmt |
| EOY | $159,344,137 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,609,901 | BOYAmt |
| EOY | $53,484,106 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,979,324 | BOYAmt |
| EOY | $566,997,189 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,602,591 | BOYAmt |
| EOY | $13,083,707 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $694,073,928 | BOYAmt |
| EOY | $832,226,197 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,874,794 | BOYAmt |
| EOY | $3,711,411 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,950,154 | BOYAmt |
| EOY | $30,465,815 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,845,748 | BOYAmt |
| EOY | $34,860,282 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,546,200 | BOYAmt |
| EOY | $34,762,211 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,216,896 | BOYAmt |
| EOY | $103,799,719 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $279,232,400 | BOYAmt |
| EOY | $330,217,234 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $309,624,632 | BOYAmt |
| EOY | $398,209,244 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $588,857,032 | BOYAmt |
| EOY | $728,426,478 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $694,073,928 | BOYAmt |
| EOY | $832,226,197 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $55,335,806 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $80,376,347 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $3,857,293 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,194,961 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,447,553 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,167,297 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,322,717 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,890,881 | CurrentTaxYearAmt |
| Total | $96,023,409 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,194,961 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,447,553 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,167,297 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,322,717 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,890,881 | CurrentTaxYearAmt |
| Total | $96,023,409 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $20,607,869 | SubstantialContributorsTotAmt |
| Public Support Total170 | $75,415,540 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $383,695 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,182,519 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,512,880 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,429,301 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,829,667 | CurrentTaxYearAmt |
| Total | $8,338,062 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,321,396 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $1,321,396 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $576,768 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $429,446 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $432,304 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $303,892 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,922 | CurrentTaxYearAmt |
| Total | $1,755,332 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $107,438,199 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $190,406,041 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.70190 | PublicSupportCY170Pct |
| Public Support PY170 | 0.63980 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2016 AMOUNT: $ 308,347. 2017 AMOUNT: $ 162,175. 2018 AMOUNT: $ 117,062. 2019 AMOUNT: $ 178,980. 2020 AMOUNT: $ 12,922. CHILD CARE INCOME - 2016 AMOUNT: $ 268,421. 2017 AMOUNT: $ 267,271. 2018 AMOUNT: $ 315,242. 2019 AMOUNT: $ 124,912. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation Public Use | Yes (X) | PreservationPublicUseInd |
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Total Easements | 1 | TotalEasementsCnt |
| Total Acreage | 260.00 | TotalAcreageCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoringInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $491,983,224 | BeginningYearBalanceAmt |
| Contributions | $7,752,603 | ContributionsAmt |
| Investment Earnings Or Losses | $148,755,773 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $29,115,963 | OtherExpendituresAmt |
| End Year Balance | $619,375,637 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $494,205,161 | BeginningYearBalanceAmt |
| Contributions | $3,246,314 | ContributionsAmt |
| Investment Earnings Or Losses | $15,693,813 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $21,162,064 | OtherExpendituresAmt |
| End Year Balance | $491,983,224 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $493,806,043 | BeginningYearBalanceAmt |
| Contributions | $13,641,303 | ContributionsAmt |
| Investment Earnings Or Losses | $23,922,302 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $37,164,487 | OtherExpendituresAmt |
| End Year Balance | $494,205,161 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $458,669,853 | BeginningYearBalanceAmt |
| Contributions | $10,396,305 | ContributionsAmt |
| Investment Earnings Or Losses | $42,850,442 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,287,496 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,823,061 | OtherExpendituresAmt |
| End Year Balance | $493,806,043 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $404,966,091 | BeginningYearBalanceAmt |
| Contributions | $18,519,799 | ContributionsAmt |
| Investment Earnings Or Losses | $55,476,196 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,461,126 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,831,107 | OtherExpendituresAmt |
| End Year Balance | $458,669,853 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.31000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.28000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.41000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,011,287 | OtherCostOrOtherBasisAmt |
| Book Value | $3,011,287 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $242,242,030 | OtherCostOrOtherBasisAmt |
| Depreciation | $92,804,499 | DepreciationAmt |
| Book Value | $149,437,531 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,151,529 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,380,769 | DepreciationAmt |
| Book Value | $3,770,760 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,213,711 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,089,152 | DepreciationAmt |
| Book Value | $3,124,559 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $159,344,137 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MARKETABLE HEDGE FUNDS | $252,023,309 | F |
| MARKETABLE ALTERNATIVES | $151,770,092 | F |
| NON-MARKETABLE ALTERNATIVE ASSETS | $163,203,788 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $566,997,189 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| INTEREST RATE SWAP AGREEMENT | $6,743,621 |
| POST RETIREMENT HEALTH BENEFITS | $26,817,601 |
| OTHER LIABILITIES | $1,200,989 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $34,762,211 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $200,597,947 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $80,376,347 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$12,641,377 | OtherRevenueAmt |
| Revenue Not Reported | $67,734,970 | RevenueNotReportedAmt |
| Revenue Subtotal | $132,862,977 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,828,211 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$354,521 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,473,690 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $135,336,667 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $61,028,501 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $354,521 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $354,521 | ExpensesNotReportedAmt |
| Expenses Subtotal | $60,673,980 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,828,211 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $16,498,670 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $19,326,881 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $80,000,861 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 9: | THE EASEMENT IS PART OF A PARCEL OF LAND PURCHASED BY THE SCHOOL IN 2004. IT HAD BEEN CREATED IN THE 1980'S BY THE OWNER OF THE LAND AT THAT POINT IN TIME AND THE LOSS OF ECONOMIC VALUE OF THE EASEMENT HAD BEEN REFLECTED IN THE APPRAISED VALUE OF THE PARCEL. THIS APPRAISAL SERVED AS THE BASIS OF THE PURCHASE PRICE. THE LAND IS REPORTED ON THE SCHOOL'S STATEMENT OF FINANCIAL POSITION AT PURCHASED COST. |
| PART V, LINE 4: | INCOME FROM ENDOWMENT FUNDS IS DRAWN IN ACCORDANCE WITH THE SCHOOL'S SPENDING POLICY AND USED IN ACCORDANCE WITH DONOR-IMPOSED STIPULATIONS OR, IN THE ABSENCE THEREOF, TO SUPPORT THE SCHOOL'S GENERAL OPERATING EXPENSES, INCLUDING SALARIES, FINANCIAL AID AND FACILITIES MAINTENANCE. |
| PART X, LINE 2: | THE SCHOOL ACCOUNTS FOR UNCERTAIN INCOME TAX PROVISIONS INCLUDED IN ACCOUNTING STANDARDS CODIFICATION ("ASC") 740. ASC 740 PRESCRIBES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD TO BE RECOGNIZED, AND THE SCHOOL MONITORS ITS POTENTIAL TAX POSITIONS THROUGHOUT THE YEAR. THE SCHOOL BELIEVES THERE ARE NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2021 AND 2020. THE SCHOOL IS GENERALLY EXEMPT FROM INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL ASSISTANCE -12,015,144. CHANGE IN VALUE OF INTEREST RATE SWAP 2,335,563. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 1,521,730. OTHER NON-OPERATING EXPENSES NETTED WITH TOTAL REVENUE -3,602,693. CRUT PAYMENTS & FEES -880,833. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD -354,521. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 354,521. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL ASSISTANCE 12,015,144. OTHER NON-OPERATING EXPENSES NETTED WITH TOTAL REVENUE 3,602,693. CRUT PAYMENTS & FEES 880,833. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL PUBLICIZES THE POLICY ALONG WITH OTHER AREA SCHOOLS IN THE LOCAL NEWSPAPER. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $167,031,478 |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | $15,566,276 |
| SOUTH ASIA | 0 | 0 | GRANTMAKING | $61,354 |
| NORTH AMERICA | 0 | 0 | GRANTMAKING | $406,000 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTMAKING | $201,840 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | GRANTMAKING | $190,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $183,457,148 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $183,457,148 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| FINANCIAL AID | SOUTH ASIA | 2 | $61,354 | TUITION ASSISTANCE | TUITION |
| FINANCIAL AID | NORTH AMERICA | 7 | $406,000 | TUITION ASSISTANCE | TUITION |
| FINANCIAL AID | SUB-SAHARAN AFRICA | 3 | $201,840 | TUITION ASSISTANCE | TUITION |
| FINANCIAL AID | CENTRAL AMERICA AND THE CARIBBEAN | 4 | $190,200 | TUITION ASSISTANCE | TUITION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE FINANCIAL AID OFFICE AWARDS AND MONITORS ALL FINANCIAL AID AWARDS TO BOTH DOMESTIC AND INTERNATIONAL STUDENTS. |
| PART III ACCOUNTING METHOD: | |
| PART I, LINE 3(D): | INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 214 | RecipientCnt |
| Non Cash Assistance | $11,155,750 | NonCashAssistanceAmt |
| Valuation Method Used | TUITION VALUE | ValuationMethodUsedDesc |
| Non Cash Assistance | TUITION AID | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE HOTCHKISS SCHOOL HAS DEDICATED AN INDIVIDUAL IN THE ADMISSIONS OFFICE TO WORK SOLELY WITH FINANCIAL AID. FINANCIAL AID AWARDS ARE ALSO TRACKED ON AN INDIVIDUAL BASIS IN THE BUSINESS OFFICE FOR BILLING PURPOSES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CRAIG W BRADLEY | ||||||||||||||
| HEAD OF SCHOOL | $465,365 | $0 | $125,000 | $0 | $27,017 | $0 | $51,160 | $0 | $125,277 | $0 | $793,819 | $0 | $0 | $0 |
| SANDRA LYNCH | ||||||||||||||
| CFO | $303,000 | $0 | $7,500 | $0 | $43,000 | $0 | $51,160 | $0 | $116 | $0 | $404,776 | $0 | $0 | $0 |
| MERRILEE MARDON | ||||||||||||||
| ASSOCIATE HEAD OF SCHOOL | $191,308 | $0 | $10,000 | $0 | $13,000 | $0 | $41,496 | $0 | $96,493 | $0 | $352,297 | $0 | $0 | $0 |
| NINETTE ENRIQUE | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | $266,021 | $0 | $0 | $0 | $34,000 | $0 | $48,743 | $0 | $2,111 | $0 | $350,875 | $0 | $0 | $0 |
| ERBY L MITCHELL JR | ||||||||||||||
| DEAN OF ADMISSON & FINANCIAL AID | $188,562 | $0 | $7,500 | $0 | $0 | $0 | $27,035 | $0 | $79,041 | $0 | $302,138 | $0 | $0 | $0 |
| RICHARD HAZELTON | ||||||||||||||
| DIRECTOR OF COLLEGE ADVISING | $175,098 | $0 | $0 | $0 | $0 | $0 | $24,444 | $0 | $83,685 | $0 | $283,227 | $0 | $0 | $0 |
| MELISSA WOODIN | ||||||||||||||
| CONTROLLER | $175,335 | $0 | $0 | $0 | $0 | $0 | $24,640 | $0 | $31,328 | $0 | $231,303 | $0 | $0 | $0 |
| JEFFREY NAVIN | ||||||||||||||
| SENIOR FINANCIAL ANALYST | $167,142 | $0 | $0 | $0 | $0 | $0 | $23,899 | $0 | $31,558 | $0 | $222,599 | $0 | $0 | $0 |
| JARED ZELMAN MD | ||||||||||||||
| MEDICAL DIRECTOR | $167,643 | $0 | $10,000 | $0 | $0 | $0 | $18,626 | $0 | $23,232 | $0 | $219,501 | $0 | $0 | $0 |
| JOSEPH P FLYNN | ||||||||||||||
| FORMER CHIEF ADVANCEMENT OFFICER | $0 | $0 | $0 | $0 | $105,177 | $0 | $0 | $0 | $0 | $0 | $105,177 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FOR THE BENEFIT AND CONVENIENCE OF THE SCHOOL AND AS A CONDITION OF THEIR EMPLOYMENT, CERTAIN EMPLOYEES ARE PROVIDED WITH ON-CAMPUS RESIDENCES AT THE SCHOOL'S EXPENSE. FOR THE CONVENIENCE OF THE SCHOOL, THESE RESIDENCES ARE READILY AVAILABLE AND USED FOR SCHOOL-RELATED ORDINARY AND NECESSARY BUSINESS FUNCTIONS ON A REGULAR AND CONTINUING BASIS. NONTAXABLE BENEFITS ALSO INCLUDE CERTAIN TUITION REMISSION AMOUNTS, IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 117(D). |
| PART I, LINE 3 | THE ORAN COMMITTEE (ORGANIZATIONAL REVIEW AND NOMINATING) OF THE BOARD PROVIDES COUNSEL AND FEEDBACK TO THE HEAD OF SCHOOL AND WORKS WITH THE EXECUTIVE COMMITTEE TO DETERMINE HIS COMPENSATION. THE ORAN COMMITTEE REVIEWED ABOPS COMPENSATION SURVEY INFORMATION TO ESTABLISH THE HEAD OF SCHOOL COMPENSATION. THEY CONTINUE TO REVIEW ABOPS COMPENSATION SURVEY DATA EACH YEAR, INFORMING HIS ANNUAL COMPENSATION. |
| PART I, LINE 4A | JOSEPH FLYNN, FORMER CHIEF ADVANCEMENT OFFICER, LEFT THE POSITION IN AUGUST 2019. HE RECEIVED $105,177 IN SEVERANCE PAYMENT UNDER THE SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2020 AND IT IS REPORTED IN PART II, COLUMN (B)(III). |
| PART I, LINE 7 | THE HEAD OF SCHOOL RECEIVED A BOARD APPROVED BONUS OF $125,000 FOR THE CALENDAR YEAR 2020 WHICH WAS REPORTED IN HIS 2020 W2. THE HEAD OF SCHOOL'S BONUS WAS DETERMINED UNDER THE DISCRETION OF THE BOARD. CERTAIN EMPLOYEES ALSO RECEIVED A ONE-TIME BONUS IN RELATION TO COVID-19 PANDEMIC AT THE DISCRETION OF HEAD OF SCHOOL. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 98 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,492,332 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. |
| PART I, LINE 32B: | THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH GIFTS OF APPRECIATED SECURITIES ARE RECEIVED AND LIQUIDATED. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | AUTHORITY TO APPROVE THE 990 IS DELEGATED TO THE AUDIT AND RISK COMMITTEE BY THE BOARD. THE AUDIT AND RISK COMMITTEE REVIEWS IN DETAIL WITH SCHOOL MANAGEMENT AND ITS AUDITORS. COPIES OF THE 990 ARE THEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH TRUSTEE SHALL DISCLOSE THE EXISTENCE AND NATURE OF ANY PERSONAL OR OUTSIDE INTEREST THAT MAY AFFECT OR BE AFFECTED BY THE SCHOOL'S OPERATIONS OR BY DECISIONS THAT THE TRUSTEE MAKES ON THE SCHOOL'S BEHALF. MORE SPECIFICALLY, EACH TRUSTEE SHALL DISCLOSE EACH FINANCIAL AND NONFINANCIAL INTEREST. EACH YEAR, EVERY TRUSTEE SHALL COMPLETE THE REQUIRED QUESTIONNAIRE AND SUBMIT IT TO THE CHIEF FINANCIAL OFFICER. THE QUESTIONNAIRE OF EACH TRUSTEE WILL BE REVIEWED BY THE PRESIDENT, THE SECRETARY, THE HEAD OF SCHOOL AND THE CFO. IF, PRIOR TO THE NEXT ANNUAL DISCLOSURE, ANY TRUSTEE OBTAINS OR DEVELOPS A FINANCIAL OR NONFINANCIAL INTEREST THAT HAS NOT PREVIOUSLY BEEN DISCLOSED, THE TRUSTEE SHALL PROMPTLY DISCLOSE THE INTEREST TO THE CHIEF FINANCIAL OFFICER AND MAKE IT A MATTER OF RECORD. THE PRESIDENT AND HEAD OF SCHOOL WILL REVIEW IN ADVANCE THE AGENDA OF EACH ANNUAL, REGULAR AND SPECIAL MEETING OF THE BOARD AND OF THE EXECUTIVE COMMITTEE AND IDENTIFY, TO THE EXTENT POSSIBLE, POTENTIAL CONFLICTS OF INTEREST THAT MAY EXIST WITH RESPECT TO A MATTER ON THE AGENDA. IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, THE PRESIDENT WILL NOTIFY THE INDIVIDUAL WITH THE POTENTIAL CONFLICT PRIOR TO THE MEETING AND WILL NOTIFY THE FULL BOARD OR EXECUTIVE COMMITTEE, AS THE CASE MAY BE, AT THE MEETING. IN ADDITION, EACH TRUSTEE ATTENDING A MEETING WHO BELIEVES THERE IS OR MAY BE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EITHER FOR THE TRUSTEE HIMSELF OR HERSELF OR FOR ANY OTHER TRUSTEE SHALL IDENTIFY THE ISSUE FOR CONSIDERATION BY THE BOARD OR EXECUTIVE COMMITTEE IF THE PRESIDENT HAS NOT DONE SO. IF A TRUSTEE MAY HAVE A CONFLICT OF INTEREST AS TO A MATTER BEFORE THE BOARD, THE TRUSTEE SHALL LEAVE THE MEETING AFTER PROVIDING ALL MATERIAL INFORMATION RELEVANT TO THE EXISTENCE OF A CONFLICT. THE INDIVIDUALS REMAINING IN THE MEETING SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF SO, THE TRUSTEE IN QUESTION SHALL NOT THEREAFTER VOTE ON THE SUBSTANTIVE MATTER OR BE PRESENT DURING DELIBERATIONS. IF IT IS DETERMINED THAT THERE IS NO CONFLICT, THE TRUSTEE MAY FULLY PARTICIPATE IN THE MEETING. IN CERTAIN CIRCUMSTANCES, A TRUSTEE MAY BE FACED WITH CONFLICTING DUTIES SUCH THAT THE DISCLOSURE OF THE ACTUAL OR POTENTIAL CONFLICT OF INTEREST WOULD BREACH THE TRUSTEE'S DUTY OF CONFIDENTIALITY TO ANOTHER ORGANIZATION. IN SUCH CASES, THE TRUSTEE SHOULD EXPLAIN THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS AND THAT THE TRUSTEE'S DUTIES TO ANOTHER ORGANIZATION PRECLUDE FULL DISCLOSURE OF THE NATURE OR EXTENT OF THE INTEREST. THE TRUSTEE SHOULD THEN LEAVE THE MEETING AND REMAIN OUT OF THE MEETING DURING DISCUSSION AND THE VOTE. NO TRUSTEE WHO HAS A CONFLICT OF INTEREST ON A MATTER SHALL PARTICIPATE IN SUBSTANTIVE DELIBERATIONS OR VOTE ON THAT MATTER OR BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING AT WHICH THE VOTE IS TAKEN, EVEN WHEN PERMITTED BY LAW. NO TRUSTEE WHO HAS A CONFLICT OF INTEREST ON A MATTER SHALL USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER. THESE REQUIREMENTS DO NOT PREVENT A TRUSTEE FROM BRIEFLY STATING HIS OR HER POSITION ON A MATTER, WHERE APPROPRIATE, OR FROM ANSWERING PERTINENT QUESTIONS ASKED BY OTHERS, SINCE HIS OR HER KNOWLEDGE MAY PROVIDE ASSISTANCE TO OTHERS. THE TRUSTEE WITH A CONFLICT OF INTEREST MUST LEAVE THE MEETING AFTER PROVIDING ANY INFORMATION REQUESTED BY OTHERS; NO TRUSTEE SHALL BE PRESENT DURING SUBSTANTIVE DISCUSSIONS, DELIBERATIONS, OR VOTING ON THE MATTER ON WHICH THAT TRUSTEE HAS A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORAN COMMITTEE (ORGANIZATIONAL REVIEW AND NOMINATING) OF THE BOARD PROVIDES COUNSEL AND FEEDBACK TO THE HEAD OF SCHOOL AND WORKS WITH THE EXECUTIVE COMMITTEE TO DETERMINE HIS COMPENSATION. THE ORAN COMMITTEE REVIEWED ABOPS COMPENSATION SURVEY INFORMATION TO ESTABLISH THE HEAD OF SCHOOL COMPENSATION. THEY CONTINUE TO REVIEW ABOPS COMPENSATION SURVEY DATA EACH YEAR, INFORMING HIS ANNUAL COMPENSATION. THE HEAD OF SCHOOL AND PERIODICALLY THE ORAN COMMITTEE REVIEW MARKET DATA FROM COMPARABLE INSTITUTIONS FOR THE TOP 20 OR SO PAID EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D) AT ITS ADMINISTRATIVE OFFICES IN LAKEVILLE, CT. IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SWAP AGREEMENT 2,335,563. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 1,521,730. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. |