2012-05-14T08:15:49-05:00 2011-06-30 JH COHN LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2010-07-01 060647018 THE HOTCHKISS SCHOOL HOTC 8604352591 RT 41 AND 112 BOX 800 LAKEVILLE CT 060390800 JOHN P TUKE 8604352591 2012-05-08 1 JOHN TOSCANO CPA 8606333000 2010 2016-02-24 21:20:13Z JOHN P TUKE RT 41 AND 112 BOX 800 LAKEVILLE CT 060390800 99740950 0 X WWW.HOTCHKISS.ORG X 1891 CT THE SCHOOL STRIVES TO DEVELOP IN STUDENTS A LIFELONG LOVE OF LEARNING, RESPONSIBLE CITIZENSHIP AND PERSONAL INTEGRITY. 24 24 426 0 1543765 48783 17173414 13752488 24603285 25057686 8666943 23907661 -231675 6813702 50211967 69531537 7652159 8174140 0 0 24201631 26151348 273000 217862 4734182 22261149 23593507 54387939 58136857 -4175972 11394680 511270488 556822911 77815897 74678507 433454591 482144404 X THE SCHOOL IS COMMITTED TO MASTERY OF LEARNING SKILLS, DEVELOPMENT OF INTELLECTUAL CURIOSITY, EXCELLENCE AND CREATIVITY IN ALL DISCPLINES, AND ENTHUSIASTIC PARTICIPATION IN ATHLETIC 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 WITH A COMMITMENT TO SERVICE TO OTHERS AND TO ENVIRONMENTAL STEWARDSHIP, AND WITH GREATER UNDERSTANDING OF THEMSELVES AND OF THEIR RESPONSIBILITIES IN A GLOBAL SOCIETY. 0 0 39552292 8174140 25726353 THE HOTCHKISS SCHOOL STRIVES TO PREPARE STUDENTS FOR FURTHER EDUCATION AND RESPONSIBLE CITIZENSHIP. THE SCHOOL ENCOURAGES STUDENTS TO PURSUE A MASTERY OF LEARNING SKILLS, DEVELOPMENT OF INTELLECTUAL CURIOSITY AND ARTISTIC SENSITIVITY, EXCELLENCE AND CREATIVITY IN ALL DISCIPLINES, ACTIVE INVOLVEMENT IN ATHLETICS AND OTHER SCHOOL ACTIVITIES, AND THE GREATEST POSSIBLE UNDERSTANDING OF ONESELF AND OF ONE'S ROLE IN SOCIETY. HOTCHKISS ALSO ECOURAGES STUDENTS TO DEVELOP CLARITY OF THOUGHT, CONFIDENCE AND FACILITY IN EXPRESSING IDEAS, WILLINGNESS TO SUBJECT THEIR VIEWS TO CRITICAL EXAMINATION AND THE CAPACITY TO ASSUME RESPONSIBILITY FOR THEM. THE SCHOOL EXPECTS MEMBERS OF THE COMMUNITY TO RESPOND SENSITIVELY TO THE NEEDS OF OTHERS. THE ENROLLMENT FOR THE TAX YEAR WAS APPROXIMATELY 595 STUDENTS. 39552292 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 X 226 0 1 426 1 1 1 1 UK CJ BD EI OC 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT NY X M H MERRIMAN 2ND CONTROLLER 8604353166 PO BOX 800 11 INTERLAKEN ROAD LAKEVILLE CT 060390800 THOMAS C BARRY 3.00 X 0 0 0 KATHERYN ALLEN BERLANDI 3.00 X 0 0 0 IAN R DESAI 3.00 X 0 0 0 THOMAS J EDELMAN 3.00 X 0 0 0 WILLIAM R ELFERS 3.00 X X 0 0 0 JOHN E ELLIS III 3.00 X 0 0 0 LAWRENCE FLINN JR 3.00 X 0 0 0 DIANA GOMEZ 3.00 X 0 0 0 SEAN M GORMAN 3.00 X X 0 0 0 JOHN P GRUBE 3.00 X 0 0 0 ELIZABETH GARDNER HINES 3.00 X 0 0 0 FIROOZEH KASHANI-SABET 3.00 X 0 0 0 ELEANOR GREEN LONG 3.00 X 0 0 0 FORREST E MARS JR 3.00 X X 0 0 0 CHRISTOPHER H MELEDANDRI 3.00 X 0 0 0 KENDRA S O'DONNELL 3.00 X 0 0 0 PHILIP W PILLSBURY JR 3.00 X 0 0 0 PETER J ROGERS JR 3.00 X 0 0 0 JEAN WEINBERG ROSE 3.00 X X 0 0 0 ROGER K SMITH 3.00 X 0 0 0 JANE SOMMERS-KELLY 3.00 X 0 0 0 MARJO TALBOTT 3.00 X 0 0 0 JOHN L THORNTON 3.00 X X 0 0 0 WILLIAM B TYREE 3.00 X X 0 0 0 MALCOLM H MCKENZIE 50.00 X 293127 0 156995 JOHN P TUKE 50.00 X 242416 0 94037 CHRISTOPHER R FRENCH 50.00 X 205045 0 53951 JOHN C VIRDEN III 50.00 X 179366 0 28206 JARED ZELLMAN 50.00 X 153837 0 36338 JON P OSTENDORF 50.00 X 151597 0 66976 JEFFERY NAVIN 50.00 X 138222 0 25157 1363610 0 461660 9 0 1 0 SODEXHO P O BOX 536922POBOX 536 ATLANTA GA 32353 DINING SERVICES 2328305 CAMBRIDGE ASSOCIATES LLC PO BOX 10317 UNIONDALE NY 115550317 ENDOWMENT MANAGEMENT 828326 MESSERSMITH MANUFACTURING INC 2612 F ROAD BARK RIVER MI 49807 HEATING SYSTEMS-BIOMASS 652800 HONEYWELL INTERNATIONAL BLDG SOLUTIONS 12490 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SYSTEMS MANAGEMENT AND INSTALLATION 561782 CENTERBROOK 67 MAIN ST POBOX 955 CENTERBROOK CT 06409 ARCHITECTS 549871 27 13752488 7065120 13752488 TUITION AND FEES 611110 25057686 25057686 25057686 1867642 1867642 45230747 6148909 29074720 264917 16156027 5883992 22040019 -202143 22242162 808920 869776 -60856 -60856 INVESTMENTS - LTD P/S 523000 5615297 1631048 3984249 OTHER INCOME 900099 970141 668667 301474 CHILD CARE INCOME 611710 174260 174260 114860 114860 6874558 69531537 25726353 1543765 28508931 8174140 8174140 735363 40555 560441 134367 17308624 13637940 1372341 2298343 2200406 1733760 174463 292183 4587890 3614924 363758 609208 1319065 1039328 104584 175153 360308 360308 92170 92170 217862 217862 1762012 1762012 1744675 1061752 593187 89736 95169 85261 9908 4784426 4009400 307645 467381 501194 501194 2440428 2440260 168 624519 235505 143980 245034 4536 4536 1245130 1245130 5828240 5828240 402904 402904 INSTRUCTIONAL EXPENSES 1639501 1639501 CONTRIBUTIONS TO COMMUN 510178 510178 MISCELLANEOUS 484860 49959 398621 36280 STUDENT ACTIVITIES & SE 443909 443909 ENTERTAINMENT & PR 316972 158914 40456 117602 312376 175812 90235 46329 58136857 39552292 13850383 4734182 110238 97913 3327361 11784877 31439990 27521363 1846533 584490 559197 500502 430099 467633 1154184 1130946 207413972 61138656 144491605 146275316 52299609 38751748 275611672 329708123 511270488 556822911 2460908 2334144 6102053 5929470 34700393 34714928 34552543 31699965 77815897 74678507 X 255216438 282013663 76084862 92663785 102153291 107466956 433454591 482144404 511270488 556822911 X 11394680 37295133 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 260.00 1 0 0 328573994 11507329 61798572 4972386 17667321 1762012 377478176 320900125 7765529 26563271 4202108 21048325 1404498 328573994 418765878 6388206 -85637012 5475175 11398520 1743252 320900125 0.54060 0.45940 0 0 3011286 3011286 173175818 44879267 128296551 24411044 15207583 9203461 6815824 1051806 5764018 146275316 INVESTMENTS IN LIMITED PARTNERSHIPS 329708123 F 329708123 CAPITAL LEASE OBLIGATION 665581 INTEREST RATE SWAP 5756245 POST RETIREMENT HEALTH BENEFITS 20705475 DEPOSITS - PREPAID STUDENT EXPENSES 1764353 OTHER 2808311 31699965 69531537 58136857 11394680 43837145 -6542012 37295133 48689813 97808068 43837145 5922601 49759746 48048322 1762012 19721203 21483215 69531537 49118255 917550 917550 48200705 1762012 8174140 9936152 58136857 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. THERE ARE NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30,2010 AND 2011. THE SCHOOL'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL 2008 ARE NO LONGER SUBJECT TO AUDIT. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT 1,694,220. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 3,310,831. PARTNERSHIP BOOK VS. TAX DIFFERENCE -11,547,063. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 869,776. LOSS ON DISPOSAL OF ASSETS 47,774. CHANGE IN VALUE OF SWAP 1,694,220. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 3,310,831. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 8,174,140. PARTNERSHIP BOOK VS. TAX DIFFERENCE 11,547,063. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 869,776. LOSS ON DISPOSAL OF ASSETS 47,774. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 8,174,140. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES THE POLICY ALONG WITH OTHER AREA SCHOOLS IN THE LOCAL NEWSPAPER. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 30649000 0 0 0 0 0 0 30649000 0 30649000 1 0 1 1 1 0 X X X X X 1 GENERATION 55 WASHINGTON STREET NO 802 BROOKLYN NY 11201 FUTURE CAMPAIGN CONSULTING 0 0 55224 -55224 GRENZEBACH GLIER & ASSOC PO BOX 88277 DEPT A CHICAGO IL 60680 FUTURE CAMPAIGN CONSULTING 0 0 110138 -110138 KIMBERLY MORGAN BLANK 124 BROOKSIDE DRIVE GREENWICH CT 06831 FUTURE CAMPAIGN CONSULTING 0 0 52500 -52500 217862 -217862 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUTURE CAMPAIGN CONSULTING 1 SCHOLARSHIPS 220 7961840 FAIR VALUE FINANCIAL ASSISTANCE SUMMER SCHOOL SCHOLARSHIPS 66 212300 FAIR VALUE FINANCIAL ASSISTANCE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 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. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MALCOLM H MCKENZIE 293127 0 0 0 0 0 44190 0 112805 0 450122 0 0 0 JOHN P TUKE 242416 0 0 0 0 0 43388 0 50649 0 336453 0 0 0 CHRISTOPHER R FRENCH 205045 0 0 0 0 0 39964 0 13987 0 258996 0 0 0 JOHN C VIRDEN III 179366 0 0 0 0 0 20057 0 8149 0 207572 0 0 0 JARED ZELLMAN 153837 0 0 0 0 0 22988 0 13350 0 190175 0 0 0 JON P OSTENDORF 151597 0 0 0 0 0 22026 0 44950 0 218573 0 0 0 JEFFERY NAVIN 138222 0 0 0 0 0 11170 0 13987 0 163379 0 0 0 PART I, LINE 1A FOR THE BENEFIT AND CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICE OF THE HEAD EFFICIENTLY DISCHARGED AND AS A CONDITION OF HIS EMPLOYMENT AS HEAD OF SCHOOL, MR. MCKENZIE RESIDES IN AN ON-CAMPUS RESIDENCE PROVIDED FOR AT THE SCHOOL'S EXPENSE. FOR THE CONVENIENCE OF THE SCHOOL, THE HEAD'S RESIDENCE IS READILY AVAILABLE AND USED FOR SCHOOL-RELATED BUSINESS AND ENTERTAINMENT FUNCTIONS ON A REGULAR AND CONTINUING BASIS. AS STIPULATED IN HIS EMPLOYMENT CONTRACT, CERTAIN TRAVEL AND ADVISORY EXPENSES ARE BORNE BY THE SCHOOL AND APPROPRIATELY REPORTED AS TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. X 112 7065120 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 AUTHORITY TO APPROVE THE 990 IS DELEGATED TO THE AUDIT COMMITTEE BY THE BOARD. THE AUDIT 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 THE CFO COLLECTS AND REVIEWS ALL COMPLETED FORMS, AND THEN PASSES THEM ON TO THE PRESIDENT AND SECRETARY OF THE BOARD AND TO THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL AND THE BOARD'S COMMITTEE FOR ORGANIZATIONAL REVIEW AND NOMINATING REVIEW MARKET DATA FROM COMPARABLE INSTITUTIONS FOR THE TOP 20 PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT ITS ADMINISTRATIVE OFFICES IN LAKEVILLE, CT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 43,837,145. CHANGE IN VALUE OF SWAP AGREEMENT 1,694,220. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 3,310,831. PARTNERSHIP BOOK VS. TAX DIFFERENCE -11,547,063. TOTAL TO FORM 990, PART XI, LINE 5: 37,295,133. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.