2020-05-01T16:33:37-05:00 2019-06-30 GRANT THORNTON LLP 100 E WISCONSIN AVE MILWAUKEE WI 53202 990 2018-07-01 750800650 Hockaday School % JT COATS HOCK 2143636311 11600 Welch Road Dallas TX 75229 JT COATS CFO 2143636311 2020-05-01 true DANIEL ROMANO P00504182 4142898200 68.102.112.213 48105820201225000004 2020-05-01 P B7201E889B5261D4FDB5D523CB7956157A58434D B7201E889B5261D4FDB5D523CB7956157A58434D 2018 2020-11-19 02:30:22Z Barbara Glazer Rosenblatt 11600 Welch Road Dallas TX 75229 90115683 false X www.hockaday.org X 1913 TX THE HOCKADAY SCHOOL, FOUNDED IN 1913, PROVIDES A COLLEGE PREPARATORY EDUCATION FOR GIRLS OF STRONG POTENTIAL WHO MAY BE EXPECTED TO ASSUME POSITIONS OF LEADERSHIP. 47 47 520 1097 214527 199287 7450278 7304839 35768462 36384839 3162663 2937301 1393557 652935 47774960 47279914 3257050 3355100 0 0 26678548 27091526 98 0 2277702 16704624 16853620 46640320 47300246 1134640 -20332 275960880 282065743 54865809 56636836 221095071 225428907 BELIEVING IN THE LIMITLESS POTENTIAL OF GIRLS, HOCKADAY SCHOOL DEVELOPS RESILIENT, CONFIDENT WOMEN WHO ARE EDUCATED AND INSPIRED TO LEAD LIVES OF PURPOSE AND IMPACT. false false 37700621 3355100 36384839 THE SCHOOL PROVIDED A COLLEGE PREPARATORY EDUCATION FOR LOWER, MIDDLE, AND UPPER SCHOOL GIRLS WITH STRONG POTENTIAL WHO MAY BE EXPECTED TO ASSUME POSITIONS OF RESPONSIBILITY AND LEADERSHIP IN LATER YEARS. THERE WERE 1,010 DAY STUDENTS AND 79 RESIDENCE STUDENTS FOR THE 2018-2019 ACADEMIC YEAR. IN ADDITION, THE SCHOOL PROVIDED EDUCATIONAL PROGRAMS IN THE SUMMER AND AFTER SCHOOL. 37700621 true true false false false false false true false true true true false false true true true false true false true false true false true true false false true true true false false false false false false true false false false true false false false false false false false false true X 206 1 true 520 true true true false false false false true true false false false false false false X 47 47 true false false false false false false true true false false true true true true true true true true false MD MA MI NH NY OR SC WI X JT COATS 2143636311 11600 WELCH ROAD Dallas TX 75229 Barbara Glazer Rosenblatt Chair 15.0 0.0 X X 0 0 0 Kathryn Walker Francis Vice Chair 5.0 0.0 X X 0 0 0 Rick O'Brien Treasurer 5.0 0.0 X X 0 0 0 Mickey Quinones Secretary 5.0 0.0 X X 0 0 0 David Haemisegger Immediate Past Chair 5.0 0.0 X X 0 0 0 Kathy Crow Executive Committee Chair 5.0 0.0 X X 0 0 0 Samantha Ackerman Asch Trustee 3.0 0.0 X 0 0 0 Mary Anne Alhadeff Trustee 5.0 0.0 X 0 0 0 J Keith Benedict Trustee 3.0 0.0 X 0 0 0 Shonn Brown Trustee 3.0 0.0 X 0 0 0 Herbert Buford JR Trustee 3.0 0.0 X 0 0 0 Peggy Cagle Trustee 3.0 0.0 X 0 0 0 David A Campbell Trustee 3.0 0.0 X 0 0 0 Courtney Flanagan Trustee 3.0 0.0 X 0 0 0 Kelli Ford Trustee 3.0 0.0 X 0 0 0 Mandy Ginsberg Trustee 3.0 0.0 X 0 0 0 Rosalind Grover Trustee 5.0 0.0 X 0 0 0 Ellen Haynes Trustee 3.0 0.0 X 0 0 0 Ariana Viroslav Held Trustee 3.0 0.0 X 0 0 0 Elizabeth Helfrich Trustee 3.0 0.0 X 0 0 0 Angelica Marin Hill Trustee 3.0 0.0 X 0 0 0 Arnold Holtberg Trustee 3.0 0.0 X 0 0 0 Rajani Kapu Trustee 3.0 0.0 X 0 0 0 George Lamb Trustee 5.0 0.0 X 0 0 0 Anna McPhail Trustee 3.0 0.0 X 0 0 0 Neelesh Mehendale Trustee 3.0 0.0 X 0 0 0 Peggy black Meyer Trustee 3.0 0.0 X 0 0 0 Monty Montgomery Trustee 3.0 0.0 X 0 0 0 Shawna Nesbitt Trustee 3.0 0.0 X 0 0 0 Pam Quarterman Trustee 3.0 0.0 X 0 0 0 Carolyn Perot Rathjen Trustee 3.0 0.0 X 0 0 0 David A Roosevelt Trustee 3.0 0.0 X 0 0 0 Jennifer Sampson Trustee 3.0 0.0 X 0 0 0 Betty Schultz Trustee 3.0 0.0 X 0 0 0 Jacquelin Sewell Trustee 3.0 0.0 X 0 0 0 Nicole Ginsberg Small Trustee 3.0 0.0 X 0 0 0 Candace Campbell Swango Trustee 3.0 0.0 X 0 0 0 Shannon Thompson Trustee 5.0 0.0 X 0 0 0 Jenna Woodberry Trustee 3.0 0.0 X 0 0 0 Linda Custard Life Trustee 1.0 0.0 X 0 0 0 Lyda Hill Life Trustee 1.0 0.0 X 0 0 0 James Hoak Life Trustee 1.0 0.0 X 0 0 0 Shatzie Lee Life Trustee 1.0 0.0 X 0 0 0 Janie Strauss McGarr Life Trustee 1.0 0.0 X 0 0 0 Ellen HIGGINBOTHAM Rogers Life Trustee 1.0 0.0 X 0 0 0 Richard S Rogoff Life Trustee 1.0 0.0 X 0 0 0 Barney Young Life Trustee 1.0 0.0 X 0 0 0 Karen Warren Coleman Head of School 50.0 0.0 X 643682 0 71138 JT Coats Chief Financial Officer 50.0 0.0 X 278236 0 66525 Debby Spradley Director of Dev. - THRU 05/19 50.0 0.0 X 208803 0 32584 Blair Lowry Assistant Head of School 50.0 0.0 X 202218 0 36260 Linda Kramer Head of Middle School 40.0 0.0 X 182835 0 15889 Terry Murray Head of Upper School 40.0 0.0 X 166887 0 53308 Barbara Fishel Dean of Studies 40.0 0.0 X 161952 0 26073 Randal Rhodus Head of Lower School 40.0 0.0 X 153630 0 73982 Jason Curtis Director of Technology 40.0 0.0 X 150306 0 56556 2148549 0 432315 29 false true false Lee Lewis Construction Inc 17177 Preston Road Suite 160 DALLAS TX 75248 Construction 3112704 SAGE Dining Services Inc 1402 York Road LUTHERVILLE MD 21093 FOOD MANAGEMENT 1199987 Sandlin Concepts LLC 646 Goodwin Drive RICHARDSON TX 75081 Construction 791310 Good Fulton Farrell Inc 2808 Fairmont Suite 300 DALLAS TX 75201 Architects 327730 Cambridge Associates LLC PO Box 412015 BOSTON MA 02241 Consulting 164191 7 338388 6966451 422917 7304839 TUITION 611110 29471030 29471030 BOARDING & LUNCH 721310 4549610 4549610 EXTENDED SERVICES 611710 1511508 1511508 EDUCATIONAL FEES 611110 677735 677735 APPLICATIONS, SERVICE CHARGES & FEES 900099 112336 112336 62620 62620 36384839 1173452 159188 1014264 0 0 64556 18719 45837 0 45837 45837 43663528 270 41899949 1763579 270 1763849 54302 1709547 608640 338388 456901 151739 151739 52800 50000 2800 2800 453465 410200 43265 1037 42228 CHILD DEVELOPMENT CENTER 611110 361448 361448 RECOVERY OF BAD DEBT 900099 36224 36224 CREDIT CARD REBATES 900099 7674 7674 3948 3948 409294 47279914 36384839 214527 3375709 0 3146100 3146100 209000 209000 0 1494646 1287762 206884 0 20208805 17712489 1723247 773069 1342240 1106816 173532 61892 2630722 2247275 250115 133332 1415113 1201297 154822 58994 0 180521 180521 93587 93587 0 0 621093 621093 270813 261351 9462 433627 269407 164220 205793 111729 38831 55233 540990 540990 0 967520 827017 93669 46834 125875 117726 8149 0 390915 180408 175257 35250 716893 609359 71689 35845 0 4096229 3481795 409623 204811 466804 466804 FOOD SERVICE 2224697 2224697 0 0 INSTRUCTIONAL SUPPLIES 1847090 1847090 0 0 MAINTENANCE AND GROUNDS 1191798 1013028 119180 59590 SUMMER SCHOOL 678250 678250 0 0 1801125 563281 813707 424137 47300246 37700621 7321923 2277702 1649 1638 38125308 39645748 2290981 1844203 5214567 6385210 0 0 0 0 0 0 297271 268133 295248 331191 129148587 58980248 67299031 70168339 50594205 55631665 111842620 107789616 0 0 0 0 0 0 275960880 282065743 5138527 5370134 0 0 31008149 33399448 12551634 11711181 0 0 0 0 5583984 5583984 0 0 583515 572089 54865809 56636836 X 95448360 98159445 62204665 61543444 63442046 65726018 221095071 225428907 275960880 282065743 X -20332 4383251 16382 -45465 X false true X true false X 10416506 10848466 5292444 7450278 7304839 41312533 0 0 10416506 10848466 5292444 7450278 7304839 41312533 11960454 29352079 2530379 1574205 1934233 1079630 1078820 8197267 0 0 0 255392 199287 454679 1967226 1952167 1452729 2128098 1522128 9022348 58986827 168915077 0.49760 0.57969 X PUBLIC SUPPORT TEST SCHEDULE A, PART II PER THE INSTRUCTIONS FOR FORM 990, PART IV, LINE 2, HOCKADAY SCHOOL HAS COMPLETED AND MET THE SCHEDULE A, PART II SUPPORT TEST REQUIREMENTS. AS A RESULT, HOCKADAY SCHOOL QUALIFIES FOR THE SPECIAL RULE OF LIMITING CONTRIBUTIONS REPORTED ON SCHEDULE B, PARTS I & II. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 805484 X false 162907938 2305965 6433194 1590637 5940948 21993 164093519 152845705 6800462 9944816 1528685 4631629 522731 162907938 136348061 8341815 15990722 1521617 5907282 405994 152845705 146176138 1716266 -3256825 1623497 6125879 538142 136348061 144831504 7576804 1746919 1510739 5950293 518057 146176138 0.24183 0.39178 0.36640 false false 357723 357723 104789949 45242071 59547878 5060063 3549238 1510825 18940852 10188939 8751913 70168339 GLOBAL EQUITY 51091982 F ABSOLUTE RETURN 40574955 F REAL ASSETS 8868186 F PRIVATE EQUITY 7254493 F 107789616 0 ASSET RETIREMENT OBLIGATION 418964 DEPOSITS 88480 DEFERRED COMPENSATION 64645 572089 X 48897186 4383251 303477 906737 5593465 43303721 621093 3355100 3976193 47279914 44563350 303477 935820 1239297 43324053 621093 3355100 3976193 47300246 DESCRIPTION OF ORGANIZATION'S COLLECTIONS SCHEDULE D, PART III, LINE 4 OVER A PERIOD OF TIME, THE SCHOOL HAS RECEIVED CONTRIBUTIONS OF WORKS OF ART AND FURNISHINGS TO BE EXHIBITED IN VARIOUS LOCATIONS ON THE CAMPUS. THESE ITEMS HAVE BEEN CAPITALIZED AS COLLECTIONS. THE COLLECTION NOT ONLY ENHANCES THE AESTHETIC ENVIRONMENT OF THE SCHOOL, IT SUPPORTS THE CURRICULUM OF THE SCHOOL BY MAKING ART AVAILABLE TO STUDENTS. THE COLLECTIONS ARE RECORDED AT APPRAISED VALUE WHEN DONATED. THE SCHOOL UNDERTAKES TO CARE FOR, PROTECT, AND PRESERVE SUCH CONTRIBUTED WORKS OF ART AND FURNISHINGS, AND THE BOARD HAS ADOPTED A POLICY TO USE PROCEEDS OF DEACCESSION OR INSURANCE RECOVERIES FOR THE SOLE PURPOSE OF ACQUISITION OF OTHER SUCH WORKS OF ART AND FURNISHINGS. COLLECTION ITEMS ARE INSPECTED PERIODICALLY AND CLEANED AND REPAIRED AS REQUIRED. INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE SCHOOL MANAGES THE ENDOWMENT FUND TO PRESERVE THE REAL PURCHASING POWER FOR THE FUND WHILE PROVIDING A PREDICTABLE, STABLE, AND CONSTANT STREAM OF EARNINGS CONSISTENT WITH THE SCHOOL'S SPENDING NEEDS. THE ENDOWMENT INVESTMENT POLICY REDUCES THE ENDOWMENT DRAW SPENDING POLICY BY TEN BASIS POINTS EACH YEAR OVER A FIVE YEAR PERIOD: FROM 5.0% IN 2016 TO 4.5% IN 2021 AND FOR EACH YEAR THEREAFTER. ACCORDINGLY, THE CURRENT SPENDING POLICY FOR 2019 IS A MAXIMUM OF 4.7% OF A THREE-YEAR MOVING AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT FUND ASSETS WITH THE EXCEPTION OF A SPECIFIC ENDOWMENT WHICH HAS DONOR RESTRICTIONS LIMITING SPENDING TO 4.0%. THE ENDOWMENT FUND SUPPORTS THE GENERAL OPERATIONS OF THE SCHOOL INCLUDING FACULTY SALARIES, FACULTY/STAFF PROFESSIONAL DEVELOPMENT, STUDENT FINANCIAL AID, LIBRARY SERVICES, AND STUDENT PROGRAMS. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE ("IRC") OF 1986, AS AMENDED, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC, AS EVIDENCED BY THE SCHOOLS DETERMINATION LETTER DATED OCTOBER 1938. THE SCHOOL HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER IRC SECTIONS 509(A)(1), AND AS SUCH, CONTRIBUTIONS TO THE SCHOOL QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE SCHOOLS EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. THE SCHOOL HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE SCHOOL DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY OR EXPENSE FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. THE SCHOOL DOES NOT HAVE ANY OUTSTANDING INTEREST OR PENALTIES, AND NONE HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2019 OR 2018. THE SCHOOL FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THE GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE TAX YEARS ENDING JUNE 30, 2019, 2018, 2017, AND 2016 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE SCHOOL HAS CONCLUDED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS RESULTING FROM CURRENT OR PRIOR PERIOD TAX POSITIONS. RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINES 2D & 4B LINE 2D RENTAL ACTIVITY EXPENSES 18,719 FUNDRAISING EVENT EXPENSES 456,901 GAMING EXPENSES 50,000 COST OF GOODS SOLD 410,200 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT (45,465) PRIOR PERIOD ADJUSTMENT 16,382 ----------- TOTAL $ 906,737 LINE 4B GRANTS NETTED AGAINST REVENUE $ 3,355,100 RECONCILIATION OF EXPENSES SCHEDULE D, PART XI, LINES 2D & 4B LINE 2D RENTAL ACTIVITY EXPENSES 18,719 FUNDRAISING EVENT EXPENSES 456,901 GAMING EXPENSES 50,000 COST OF GOODS SOLD 410,200 ----------- TOTAL $ 935,820 LINE 4B GRANTS NETTED AGAINST REVENUE $ 3,355,100 true true true true true true true false false false false false false false false false false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY, WHICH INCLUDES RACIAL ASPECTS, IN THE EDUCATION ISSUE OF THE DALLAS MORNING NEWS AT LEAST TWICE ANNUALLY. IN ADDITION, THE POLICY IS PRINTED ON ALL ADMISSION MATERIALS. true Middle East and North Africa Grantmaking Student Financial Aid 54000 Central America and the Caribbean Grantmaking Student Financial Aid 58500 Sub-Saharan Africa Grantmaking Student Financial Aid 69000 East Asia and the Pacific Grantmaking Student Financial Aid 27500 Central America and the Caribbean Investments 42447256 42656256 42656256 Financial Aid/Scholarship Middle East and North Africa 1 54000 Student Acct Financial Aid/Scholarship Central America and the Caribbean 1 58500 Student Acct Financial Aid/Scholarship Sub-Saharan Africa 2 69000 Student Acct Financial Aid/Scholarship East Asia and the Pacific 1 27500 Student Acct true false true true false false PROCEDURE FOR MONITORING USE OF GRANT FUNDS OUTSIDE U.S. SCHEDULE F, PART I, LINE 2 GRANTS ARE GIVEN TO FOREIGN INDIVIDUALS FOR SCHOOLING IN THE U.S. THEREFORE, THE USE OF THE FUNDS IS WITH THE GRANTMAKING ORGANIZATION. Ruffalocody LLC Telemarket false HPA Benefit 947028 338388 608640 84689 138215 92322 22571 119104 0 947028 338388 608640 84689 138215 92322 22571 119104 456901 151739 52800 50000 true 0.75000 52800 50000 50000 2800 TX false THE ONLY GAMING ACTIVITIES OF THE HOCKADAY SCHOOL ARE RAFFLES GOVERNED BY THE TEXAS CHARTIBLE RAFFLE ENABLING ACT. THE SCHOOL ADHERES TO THIS ACT. false true false 1.00000 Stacy Santellan 11600 Welch Road Dallas TX 75229 false Stacy Santellan 200 PREPARE W-2G FORMS; SUPERVISE DEPOSITS AND AWARDS X false true Financial Aid 143 3146100 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. SCHEDULE I, PART I, LINE 2 FINANCIAL ASSISTANCE IS AWARDED BASED ON FINANCIAL NEED. APPLICANTS PROVIDE DETAILED INCOME INFORMATION. A METHODOLOGY IS APPLIED TO DETERMINE NEED. THE FINANCIAL AID COMMITTEE (COMPRISED OF SCHOOL MANAGEMENT) ALLOCATES THE FINANCIAL AID RESOURCES BASED ON THE DETERMINED NEED. SCHOLARSHIPS ARE GIVEN TO STUDENTS AS A REDUCTION IN THEIR TUITION, LUNCH FEES, AND/OR ACTIVITY FEES. THE AID IS AWARDED OBJECTIVELY AND IN A NON-DISCRIMINATORY MANNER. X X true true X X X false true false false false false false false false Karen Warren Coleman Head of School 441667 50000 152015 47600 23538 714820 JT Coats Chief Financial Officer 277380 856 21877 44648 344761 Debby Spradley Director of Dev. - THRU 05/19 205866 2937 14708 17876 241387 Blair Lowry Assistant Head of School 196138 6080 14670 21590 238478 Linda Kramer Head of Middle School 180331 2504 14496 1393 198724 Terry Murray Head of Upper School 165924 963 12807 40501 220195 Barbara Fishel Dean of Studies 159283 2669 13135 12938 188025 Randal Rhodus Head of Lower School 153025 605 12014 61968 227612 Jason Curtis Director of Technology 149458 848 11211 45345 206862 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A IRS INSTRUCTIONS TO FORM 990 REQUIRE THAT A HOUSING ALLOWANCE PROVIDED TO EMPLOYEES BY THEIR EMPLOYER BE REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II (WHETHER OR NOT THE VALUE IS DEEMED TAXABLE). THE HEAD OF SCHOOL RECEIVES A HOUSING ALLOWANCE PER A CONTRACT (TOTAL $120,000 DURING CALENDAR YEAR 2018). THE SCHOOL HAS DETERMINED THAT THE HOUSING ALLOWANCE IS TAXABLE AND HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN B(III). DISCRETIONARY SPENDING ACCOUNT SCHEDULE J, PART I, LINE 1A THE SCHOOL PROVIDES THE HEAD OF SCHOOL A DISCRETIONARY BUDGET FOR SCHOOL RELATED EXPENSES. ALL EXPENSES RUN THROUGH THE NORMAL EXPENSE PROCESS AND REQUIRE THE APPROPRIATE SUBSTANTIATION. PERSONS PARTICIPATING IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN OF THE SCHOOL. THE SCHOOL CONTRIBUTED $13,000 TO THIS PLAN DURING CALENDAR YEAR 2018. A Red River Education Finance Corporation 752791247 756872JV0 2015-04-23 15434976 Current Refunding of Ser 2005 Bond false false false A 9850992 0 15434976 0 0 0 180283 0 0 0 15254693 0 2015 true false true true A false false false false 0 false false false true A false true false false 0 false 0 false true A true 28680 TUITION REMISSION EDUCATION Frost Bank Trustee is a board member 217174 Fees & Interest paid false Locke Lord Edwards LLP Trustee is of counsel 158607 Fees paid false Locke Lord Edwards LLP Trustee is of counsel 156891 Contributed Services rec'd false X 16 327726 FMV X AUCTION ITEMS 19 95191 FMV false true false NUMBER OF CONTRIBUTIONS RECEIVED SCHEDULE M, PART I, COLUMN (B) HOCKADAY SCHOOL IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED ON FORM 990, SCHEDULE M, PART I, COLUMN (B). EXECUTIVE COMMITTEE FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE BOARD, CHAIRS OF OTHER STANDING COMMITTEES, SUBJECT TO EXCEPTIONS, AND UP TO THREE AT-LARGE MEMBERS APPOINTED BY THE CHAIR OF THE BOARD. THE BOARD DELEGATES TO THE EXECUTIVE COMMITTEE ALL POWERS AND DUTIES OF THE BOARD, EXCEPT THOSE POWERS AND DUTIES WHICH ARE EXPRESSLY RESERVED TO THE FULL BOARD. INCLUDED IN SUCH DELEGATED POWERS IS THE POWER TO COMPROMISE, SETTLE, AND DEFEND AGAINST ANY AND ALL DISPUTES, CLAIMS, AND LAWSUITS, SUBJECT TO THE POLICIES OF THE BOARD.THE EXECUTIVE COMMITTEE SHALL CONDUCT THE BUSINESS OF THE SCHOOL AND OVERSEE THE WORK OF COMMITTEES BETWEEN MEETINGS OF THE FULL BOARD. THE EXECUTIVE COMMITTEE SHALL CONDUCT THE BUSINESS OF THE SCHOOL AND OVERSEE THE WORK OF COMMITTEES BETWEEN MEETINGS OF THE FULL BOARD.SPECIFIC RESPONSIBILITIES INCLUDE, BUT ARE NOT LIMITED TO: MONITORING THE SCHOOLS PROGRESS RELATIVE TO THE LONG RANGE PLAN, SETTING ANNUAL GOALS FOR THE SCHOOL AND THE HEAD OF SCHOOL, MONITORING THE BOARDS PROGRESS TOWARD ITS ANNUAL GOALS, MONITORING AND REVIEWING THE PROGRESS OF THE HEAD OF SCHOOL AGAINST ESTABLISHED GOALS, AND REVIEWING ALL POLICY RECOMMENDATIONS PRIOR TO PRESENTATION TO THE FULL BOARD. BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 2 LYDA HILL AND NICOLE GINSBERG SMALL HAVE A BUSINESS RELATIONSHIP. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE MANAGEMENT OF THE SCHOOL WITH THE ASSISTANCE OF GRANT THORNTON LLP, INDEPENDENT TAX ADVISORS. THE FORM 990 AND ALL OF THE REQUIRED SCHEDULES ARE PRESENTED TO THE AUDIT & ETHICS COMMITTEE, CONSISTING OF NOT LESS THAN FOUR MEMBERS. THE AUDIT & ETHICS COMMITTEE THEN REVIEWS THE DRAFT FORM 990 WITH MANAGEMENT OF THE SCHOOL AND GRANT THORNTON LLP. ONCE THE DRAFT IS FINALIZED, IT IS DISTRIBUTED TO THE BOARD MEMBERS VIA EMAIL PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE DISTRIBUTED TO THE BOARD OF TRUSTEES AT THE MAY (FINAL) BOARD MEETING. THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE DISTRIBUTED TO KEY EMPLOYEES DURING THE SAME TIME FRAME. KEY EMPLOYEES ARE EXPECTED TO ATTEND THE BOARD MEETINGS, BUT OCCASIONAL CONFLICTS DO OCCUR. THE QUESTIONNAIRES ARE RETURNED TO THE OFFICE OF THE CFO AND ARE REVIEWED FOR ANY CONFLICTS. IN ADDITION, THE CONTROLLER AND THE CFO REVIEW THE FORMS AND DISCUSS OTHER POTENTIAL CONFLICTS. A SUMMARY OF SUCH CONFLICTS, IF ANY, IS PREPARED FOR DISCLOSURE ON THE FORM 990 AND IS REVIEWED BY THE AUDIT & ETHICS COMMITTEE. A PERSON FOUND TO HAVE A CONFLICT OF INTEREST SHALL NOT BE INVOLVED IN THE DISCUSSION OF OR VOTE ON THE TRANSACTION OR ARRANGEMENT GIVING RISE TO THE CONFLICT. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINES 15A & 15B THE COMPENSATION COMMITTEE SETS THE COMPENSATION FOR THE HEAD OF SCHOOL. THE COMPENSATION COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, THE CHAIR OF THE FINANCE AND ADMINISTRATION COMMITTEE, AND THE CHAIR OF THE BOARD GOVERNANCE AND LEADERSHIP COMMITTEE. THE COMPENSATION COMMITTEE IS DEEMED INDEPENDENT AS IT IS COMPRISED OF INDIVIDUALS UNRELATED TO AND NOT SUBJECT TO THE CONTROL OF THE HEAD OF SCHOOL. IN PREPARATION FOR THIS DECISION, A COMPENSATION COMPARISON IS PREPARED USING DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). DATA IS PULLED AND ANALYZED FOR A SET OF PREDETERMINED PEER SCHOOLS AND BENCHMARK SCHOOLS. THE STRATEGIC PLANNING COMMITTEE SETS THE LIST OF BENCHMARK SCHOOLS AS THEY ARE USED FOR COMPARISON FOR VARIOUS ITEMS ACROSS THE SCHOOL. THE COMPENSATION COMMITTEE THEN USES THIS INFORMATION TO NEGOTIATE THE CONTRACT FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL SETS THE SALARIES OF THE LEADERSHIP TEAM (INCLUDING THE KEY EMPLOYEES AS WELL AS VARIOUS OTHER LEADERSHIP POSITIONS). HE OR SHE USES SIMILAR COMPARABLE DATA FROM NAIS TO DETERMINE SALARY LEVELS. THE COMPENSATION COMMITTEE IS MADE AWARE OF THE HEAD OF SCHOOL'S COMPENSATION DECISIONS AT A BOARD MEETING AND THE PRESENTATION IS DOCUMENTED IN THE MINUTES. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS AND FUND BALANCES FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT ($45,465)