2018-05-15T16:02:12-05:00 2017-06-30 620428728 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE SUITE 300 MEMPHIS TN 381174568 990 2016-07-01 620540400 THE HUTCHISON SCHOOL HUTC 9017612220 1740 RIDGEWAY ROAD MEMPHIS TN 38119 KRISTEN D RING PRESIDENT 9017612220 2018-05-15 1 PAUL B BERRYHILL P00869671 9016822431 2016 2022-09-23 18:48:47Z KRISTEN D RING 1740 RIDGEWAY ROAD MEMPHIS TN 38119 32558497 0 X WWW.HUTCHISONSCHOOL.ORG X 1964 TN EDUCATIONAL SERVICES 25 24 247 24 0 0 2524094 1829665 18034471 19209971 587506 664677 139168 151932 21285239 21856245 1261230 1385031 0 0 12531145 13130859 0 0 0 7793231 7902994 21585606 22418884 -300367 -562639 50430838 47449178 28752482 25109074 21678356 22340104 HUTCHISON SCHOOL IS AN INDEPENDENT, COLLEGE PREPATORY SCHOOL FOR GIRLS. THE SCHOOL IS DEDICATED TO PROVIDING ACADEMIC EXCELLENCE AND PARALLEL DEVELOPMENT OF MIND, BODY, AND SPIRIT AS IT EDUCATES YOUNG WOMEN FOR LIVES OF INTEGRITY AND RESPONSIBLE CITIZENSHIP. 0 0 13955683 1385031 19604639 THE HUTCHISON SCHOOL PROVIDES PRE-KINDERGARTEN AND KINDERGARTEN CLASSES AS WELL AS CLASSES FOR GRADES 1 - 12. 13955683 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 127 0 1 247 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X RANDY OLSWING 9017612220 1740 RIDGEWAY ROAD MEMPHIS TN 38119 X ANNETTE C SMITH HEAD OF SCHOOL, TRUSTEE 40.00 X X 450000 0 32000 JEANNE B HOLLIS CHAIRMAN, TRUSTEE 2.00 X X 0 0 0 ANDREW R MCCARROLL VICE CHAIRMAN, TRUSTEE 2.00 X X 0 0 0 MICHELLE NELSON MILLER TREASURER, TRUSTEE 2.00 X X 0 0 0 MEGAN WELLFORD GRINDER SECRETARY, TRUSTEE 2.00 X X 0 0 0 KATHERINE WILSON BLACKNEY TRUSTEE 1.00 X 0 0 0 EMILY BRYCE BOWIE TRUSTEE 1.00 X 0 0 0 ERICA COOPWOOD TRUSTEE 1.00 X 0 0 0 WILLIAM W DEUPREE III TRUSTEE 1.00 X 0 0 0 EDWARD J DOBBS TRUSTEE 1.00 X 0 0 0 MELLISSA CONRAD GRIMES TRUSTEE 1.00 X 0 0 0 BRUCE A HARRISON TRUSTEE 1.00 X 0 0 0 BERNICE H HUSSEY TRUSTEE 1.00 X 0 0 0 ANNE ORGILL KEENEY TRUSTEE 1.00 X 0 0 0 KIM CRAIN LOWRANCE TRUSTEE 1.00 X 0 0 0 JOHNNY B MOORE JR TRUSTEE 1.00 X 0 0 0 RICHARD C MOORE JR TRUSTEE 1.00 X 0 0 0 W REID SANDERS TRUSTEE 1.00 X 0 0 0 FREDERICK SCHAEFFER JR TRUSTEE 1.00 X 0 0 0 JEANNIE TABOR TRUSTEE 1.00 X 0 0 0 STEPHANIE D TANCREDI TRUSTEE 0.00 X 0 0 0 WILLIAM TAYLOE TRUSTEE 0.00 X 0 0 0 SANFORD C THOMAS TRUSTEE 0.00 X 0 0 0 KELLY TRUITT TRUSTEE 1.00 X 0 0 0 MUFFY TURLEY TRUSTEE 1.00 X 0 0 0 RANDY OLSWING ASST HEAD OF OPERATIONS 40.00 X 234258 0 16398 ANNETTE C SMITH DEFERRED COMPENSATION - SEE STMT 40.00 X 2960531 0 0 NEAL B GILMORE HEAD OF UPPER SCHOOL 40.00 X 130666 0 9147 LAURIE F STANTON ASST HEAD OF PROGRAMS 40.00 X 129008 0 0 ANN C CRUMP HEAD OF LOWER SCHOOL 40.00 X 123992 0 8679 ELIZABETH BOGGAN ASST HEAD OF DEVELOPMENT 40.00 X 119790 0 8385 MARK PARKER HEAD OF DEVELOPMENT 40.00 X 102971 0 4119 4251216 0 78728 7 0 1 0 GRINDER TABER GRINDER INC PO BOX 277351 ATLANTA GA 30384 CONSTRUCTION CONTRACTOR 776655 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 FOOD SERVICES 766567 BENEFIEL HOMES LLC 1855 CANADAVILLE LOOP EADS TN 38028 CONSTRUCTION CONTRACTOR 201956 EAST MEMPHIS LAWN & LANDSCAPE 10250 LATTING ROAD CORDOVA TN 38016 LANDSCAPE 139189 AIR TECHNICAL SERVICES INC 2856 CELA RD MEMPHIS TN 38128 HVAC CONTRACTOR 124659 8 1829665 1829665 STUDENT TUITION 611110 18217431 18217431 SUPPORT SERVICES 611110 426200 426200 ON-LINE STORE MERCHANDISE SALES 611110 219426 219426 BUZZ SHOP SALES 611110 212746 212746 SUMMER CAMP 611110 134168 134168 19209971 421941 421941 10944988 10702252 242736 242736 242736 CHANGE IN CSV OF LIFE INSURANCE 611110 96195 96195 ADMINISTRATIVE - RENTAL INCOME 611111 33046 33046 ADMINISTRATIVE - OTHER SOURCES 611110 18611 18611 4080 4080 151932 21856245 19604639 0 421941 X 1385031 1385031 732656 732656 10935445 7493388 3442057 597925 400610 197315 33426 22395 11031 831407 557043 274364 97543 97543 42260 42260 30644 30644 72915 72915 481503 10617 470886 2024242 2016145 8097 898174 898174 STUDENT SERVICES 980235 980235 OPERATION/MAINTENANCE 940610 940610 SUPPLIES 502182 336462 165720 GENERAL & ADMINISTRATIV 467094 467094 1365592 680842 684750 22418884 13955683 8463201 0 1700 1700 2350208 4083395 2782339 2332400 520684 494087 361533 338635 52203436 26833811 26164862 25369625 17784623 14276349 0 0 464889 552987 50430838 47449178 1343446 1110060 7616296 7674292 16962774 16244805 2829966 79917 28752482 25109074 X 17367420 17896945 2501936 2634159 1809000 1809000 21678356 22340104 50430838 47449178 -562639 1224387 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 20537577 953185 1827210 54300 1697980 -1871 21567563 22471292 1677773 -158357 98650 3333144 21337 20537577 20370269 3400768 -174508 106681 1018556 22471292 18837461 976509 2222296 59822 1606175 20370269 18168465 269869 1618170 66500 1152543 18837461 0.79760 0.08390 0.11850 0 0 239559 239559 44338776 20525844 23812932 7625101 6307967 1317134 0 25369625 ART CLUB 277 ATHLETIC ASSOCIATION 2177 COMMUNITY SERVICES 98 CUM LAUDE 502 JUNIOR CLASSICAL LEAGUE 533 MS STUDENT COUNCIL 537 NATIONAL HONOR SOCIETY 604 US STUDENT COUNCIL 10066 SPANISH CLUB 500 LS SUNSHINE FUND 79 MS SUNSHINE FUND 279 ATHLETICS SPECIAL EVENTS 37971 UPPER SCHOOL PEER COUNCIL 955 GOVERNMENT CLUB 338 US SUNSHINE FUND 360 CLASS OF 2016 9722 CLASS OF 2017 4638 CLASS OF 2018 10281 79917 X 23080632 1224387 1224387 21856245 0 21856245 22418884 0 22418884 0 22418884 PART V, LINE 4: OPERATING SUPPORT, FINANCIAL ASSISTANCE, AND CAPITAL EXPENDITURES. PART X, LINE 2: IN ACCORDANCE WITH U.S. GAAP, IF APPLICABLE, THE SCHOOL RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSE. NO AMOUNTS HAVE BEEN RECOGNIZED IN OPERATING EXPENSES FOR THE YEARS ENDING JUNE 30, 2017 AND 2016. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL STATES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL NEWSPAPER ADVERTISEMENTS THAT SOLICIT STUDENT REGISTRATION AND IN ALL BROCHURES AND PUBLICATIONS. 1 FINANCIAL AID AWARDS 157 1385031 X X X X X 0 1 0 0 0 0 0 0 0 ANNETTE C SMITH HEAD OF SCHOOL, TRUSTEE 450000 0 0 0 0 0 32000 0 0 0 482000 0 0 0 RANDY OLSWING ASST HEAD OF OPERATIONS 234258 0 0 0 0 0 16398 0 0 0 250656 0 0 0 ANNETTE C SMITH DEFERRED COMPENSATION - SEE STMT 0 0 0 0 2960531 0 0 0 0 0 2960531 0 1915016 0 PART I, LINE 4B ANNETTE C. SMITH, PRESIDENT AND HEAD OF SCHOOL, IS A PARTICIPANT IN THE HUTCHISON SCHOOL NON-QUALIFIED RETIREMENT PLAN. THE PLAN WAS ESTABLISHED JUNE 1, 1997 AND PROVIDED FOR ANNUAL CONTRIBUTIONS BY THE SCHOOL AND DEFERRAL OF ANNUAL COMPENSATION BY DR. SMITH. DURING THE CURRENT YEAR, $32,000 WAS CONTRIBUTED TO THE PLAN FOR DR. SMITH'S BENEFIT. DURING THE YEAR, THE PLAN WAS LIQUIDATED AND DISTRIBUTED TO DR. SMITH UPON HER RETIREMENT FROM THE SCHOOL. THE DISTRIBUTION TOTALED $2,960,531. THIS AMOUNT HAS BEEN INCLUDED AND REPORTED AS COMPENSATION TO DR. SMITH ON SCHEDULE J, PART II. ANNUAL CONTRIBUTIONS AND DEFERRALS TO THE NON-QUALIFIED RETIREMENT PLAN HAVE BEEN DISCLOSED ON ALL PRIOR FORMS 990 AS COMPENSATION TO DR. SMITH. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY REVIEWS THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AS OUTLINED IN THE BY-LAWS, POTENTIAL CONFLICTS OF INTEREST REQUIRE IMMEDIATE DISCLOSURE AND REVIEW BY THE BOARD OF TRUSTEES. AN ANNUAL DISCLOSURE STATEMENT IS REQUIRED TO BE SUBMITTED TO THE HEAD OF SCHOOL AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD USES COMPARABILITY DATA AND DELIBERATION/DECISION SUBSTANTIATION OF ACCOMPLISHMENTS, ETC. TO DETERMINE COMPENSATION. INDEPENDENT COMPENSATION CONSULTANTS ARE USED PERIODICALLY TO REVIEW/ADVISE ON COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A: ON JUNE 1, 1997, THE SCHOOL ESTABLISHED A NON-QUALIFIED RETIREMENT PLAN ("PLAN"), IN WHICH DR. SMITH WAS A PARTICIPANT UNTIL HER RETIREMENT IN 2017. THE PLAN PROVIDED FOR SPECIFIED CONTRIBUTIONS TO BE MADE BY THE SCHOOL ON AN ANNUAL BASIS AND PROVIDED DR. SMITH THE OPTION TO DEFER A PORTION OF HER ANNUAL COMPENSATION BY PAYING IT INTO THE PLAN INSTEAD OF RECEIVING IT DIRECTLY. ALL AMOUNTS DEFERRED BY DR. SMITH WERE PROPERLY REPORTED AS DEFERRED COMPENSATION ON PREVIOUSLY FILED FORMS 990. THE PLAN'S FUNDS WERE INVESTED AND MANAGED IN A MANNER TO OBTAIN CAPITAL APPRECIATION, AND SUBSTANTIAL APPRECIATION WAS ACHIEVED OVER THE 20 YEAR PERIOD FROM THE PLAN'S CREATION TO DR. SMITH'S RETIREMENT. DURING THE CURRENT FISCAL YEAR, DR. SMITH RETIRED FROM THE SCHOOL AND THE PLAN LIQUIDATED AND DISTRIBUTED ALL AMOUNTS OWED TO DR. SMITH. TOTAL DEFERRED COMPENSATION OF $2,960,531 WAS DISTRIBUTED DURING THE YEAR TO DR. SMITH. OF THIS AMOUNT, THE SCHOOL'S CONTRIBUTIONS OVER THE 20 YEAR PLAN PERIOD ACCOUNT FOR MODEST AMOUNT OF THE BALANCE; DR. SMITH'S CONTRIBUTIONS AND CAPITAL APPRECIATION ACCOUNT FOR THE SIGNIFICANT MAJORITY OF THE BALANCE. ALL CONTRIBUTIONS MADE IN PREVIOUS YEARS BY BOTH THE SCHOOL AND DR. SMITH HAVE BEEN REPORTED ON PREVIOUS FORMS 990, PART VII, AS REQUIRED. DUE TO NUANCES IN THE TAX LAW RELATED TO REPORTING AND DISCLOSURES FOR NONPROFIT ENTITIES, THESE SAME CONTRIBUTIONS MUST BE REPORTED AGAIN IN THE YEAR THE AMOUNTS ARE DISTRIBUTED. THEREFORE, THE RESULT IS THAT THE CONTRIBUTIONS ARE REPORTED IN TWO SEPARATE YEARS: THE YEAR OF CONTRIBUTION AND THE YEAR OF DISTRIBUTION. FORM 990, PART IX, LINE 24E ON-LINE STORE MERCHANDISE COGS: PROGRAM SERVICE EXPENSES 264,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 264,325. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 185,196. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 185,196. INSTRUCTIONAL: PROGRAM SERVICE EXPENSES 183,548. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 183,548. BUZZ SHOP COGS: PROGRAM SERVICE EXPENSES 181,442. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 181,442. PROMOTIONAL EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 101,948. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,948. ADVERTISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 75,298. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,298. MEMBERSHIP DUES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 69,992. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,992. CAPITAL CAMPAIGN EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 61,212. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,212. STUDENT ACTIVITIES: PROGRAM SERVICE EXPENSES 51,527. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,527. CONFERENCES AND CONVENTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 43,763. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,763. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 33,247. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,247. STRATEGIC PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 32,977. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,977. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 31,472. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,472. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,858. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,858. TAXES AND LICENCES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,110. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,110. BAD DEBTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,677. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,677. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION THE HUTCHISON SCHOOL 1740 RIDGEWAY ROAD MEMPHIS, TN 38119 EMPLOYER IDENTIFICATION NUMBER: 62-0540400 FOR THE YEAR ENDING JUNE 30, 2017 THE HUTCHISON SCHOOL IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).