2012-05-11T10:57:07-05:00 2011-06-30 Grant Thornton LLP 1717 Main Street Suite 1500 Dallas TX 75201 990 2010-07-01 750800650 Hockaday School HOCK 2143636311 11600 Welch Road Dallas TX 75229 Mary Pat Higgins 2143606507 2012-04-26 true Kimberly Schrant 2145612300 2010 2016-02-24 21:20:13Z MARY PAT HIGGINS 11600 WELCH ROAD DALLAS TX 75229 71365079 false X WWW.HOCKADAY.ORG X 1913 TX The Hockaday School, founded in 1913, provides a college preparatory education for girls of strong potential and diverse backgrounds who may be expected to assume positions of responsibility and leadership. 54 53 532 950 14754 2892394 27579141 25885108 26804035 1074186 15181381 224024 224494 30075712 69789051 2643350 2926690 0 0 21492585 21549526 47892 147316 1514245 11579294 12028306 35763121 36651838 -5687409 33137213 156363270 200661383 41044643 37512004 115318627 163149379 THE HOCKADAY SCHOOL, FOUNDED IN 1913, PROVIDES A COLLEGE PREPARATORY EDUCATION FOR GIRLS OF STRONG POTENTIAL AND DIVERSE BACKGROUNDS WHO MAY BE EXPECTED TO ASSUME POSITIONS OF RESPONSIBILITY AND LEADERSHIP IN A RAPIDLY CHANGING WORLD. THROUGH SMALL CLASSES, CREATIVE TEACHING, AND AN APPROACH WHICH EMPHASIZES THE PROCESS OF LEARNING, HOCKADAY SEEKS TO DISCOVER UNIQUE APTITUDES AND AWAKEN THE INTELLECTUAL CURIOSITY OF EVERY GIRL. THROUGH A STRONG PHYSICAL EDUCATION PROGRAM AND THE CHALLENGE OF COMPETITIVE SPORT, HOCKADAY SEEKS TO DEVELOP IN EACH GIRL AN ENTHUSIASTIC SPIRIT, A HEALTHY BODY, AND A SENSE OF RESPONSIBILITY FOR HERSELF AND HER ACTIONS. THROUGH A CONTINUAL EXPOSURE TO THE ARTS, HOCKADAY SEEKS TO ENGENDER AN APPRECIATION OF BEAUTY AND JOY IN SELF-EXPRESSION THAT WILL BRING ADDED ENRICHMENT TO EACH GIRL'S LIFE. THROUGH CONSTANT EMPHASIS ON MORAL AND ETHICAL VALUES, HOCKADAY SEEKS TO NURTURE A COURTEOUS ATTITUDE, A SENSE OF GRACE, RESPECT FOR THE IDEALS OF HUMAN WORTH AND DIGNITY false false 29267225 2926690 26804035 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 1,002 day students and 85 residence students for the 2010-2011 academic year. In addition, the School provided educational programs in the summer and for children of faculty/staff. 29267225 true true false false false false true false true true true false false true true true false true false true false true true true false false false true true true false false false false false false false false false false true false false false false false false false false false true X 118 1 true 532 true false true BD CJ false false false false false false false true false X 54 53 true false true false false false false true true false false true true true true true true true true false AK AZ FL LA MD MA NH VA WA X JT COATS CONTROLLER 2143636311 11600 WELCH ROAD DALLAS TX 75229 Mr Edward Ackerman 4.0 X 0 0 0 Mr Jamiel Akhtar 4.0 X 0 0 0 Mrs Ruth Altshuler 4.0 X 0 0 0 Dr Angela Ards 4.0 X 0 0 0 Mr James Jim Bass 6.0 X X 0 0 0 Mrs Rita Crocker Clements 4.0 X 0 0 0 Mrs Margaret Doggett Crow 4.0 X 0 0 0 Mrs Linda Custard 4.0 X 0 0 0 Mrs Peggy Simmons Dear 4.0 X 0 0 0 Mr Robert H Bob Dedman Jr 4.0 X 0 0 0 Mrs Leslie Melnick Diers 4.0 X 0 0 0 Ms Talley Dunn 6.0 X X 0 0 0 Mr Gregg L Engles 4.0 X 0 0 0 Tucker Ford Enthoven 4.0 X 0 0 0 Mr R Steve Folsom 6.0 X X 0 0 0 Mr Gerald J Ford 4.0 X 0 0 0 Mrs Kathryn Walker Francis 4.0 X 0 0 0 Mrs Amy Gow 4.0 X 0 0 0 Mr David A Gravelle 4.0 X 0 0 0 Mr Peter Gudmundsson 6.0 X X 0 0 0 Mr David Haemisegger 6.0 X 0 0 0 Mrs Cinda Cree Hicks 4.0 X 0 0 0 Mrs Frances Jeter 4.0 X 0 0 0 Mr Robert Bob Kaminski 15.0 X X 0 0 0 Mrs Joyce Lacerte 4.0 X 0 0 0 Mrs Natalie Schatzie Lee 4.0 X 0 0 0 Mrs Kathryn King Marley 4.0 X 0 0 0 Mrs Margaret McDermott 4.0 X 0 0 0 Mrs Cynthia E McGeoch 4.0 X 0 0 0 Mrs Maryann Sarris Mihalopoulos 6.0 X X 0 0 0 Mrs Paula Mosle 4.0 X 0 0 0 Mrs Edith Jones O'Donnell 4.0 X 0 0 0 Mr John Penson 4.0 X 0 0 0 Mrs Margot Perot 4.0 X 0 0 0 The Honorable Jeanne L Phillips 4.0 X 0 0 0 Mrs Kathryn Priddy 4.0 X 0 0 0 Mrs Randal Rauscher Rhodus 4.0 X 0 0 0 Mrs Ellen Higginbotham Rogers 4.0 X 0 0 0 Mrs Katherine Rogers Roberts 4.0 X 0 0 0 Mr Richard Dick Rogoff 4.0 X 0 0 0 Mrs Barbara Glazer Rosenblatt 4.0 X 0 0 0 Mrs Tiffany Borlaug Rubi 4.0 X 0 0 0 Ms Nicole Ginsburg Small 6.0 X X 0 0 0 Mrs Judith Judi Stewart 4.0 X 0 0 0 Mrs Rebecca E Szelc 6.0 X X 0 0 0 Mrs Allison Campfield Taten 4.0 X 0 0 0 Dr Jacquelyn Jakki Thomas 4.0 X 0 0 0 Mrs Michelle Neuhoff Thomas 6.0 X X 0 0 0 Mr Courtney Wang 4.0 X 0 0 0 The Honorable Staci Williams 6.0 X X 0 0 0 Mrs Ann Whitley Wood 4.0 X 0 0 0 Mrs Mary Frances Cunningham Yancey 4.0 X 0 0 0 Mr Barney Young 4.0 X 0 0 0 Dr Sharon Youngblood 4.0 X 0 0 0 Mrs Cary-Elisa Briggle Rubarts 4.0 X 0 0 0 Jeanne P Whitman 50.0 X 537027 0 22692 Mary Pat Higgins 50.0 X 276660 0 26461 John Ashton 50.0 X 155715 0 17598 Cathy Murphree 50.0 X 172243 0 18198 Susan Swan Smith 50.0 X 166209 0 17261 Linda Kramer 50.0 X 131730 0 16373 Jen Liggitt 50.0 X 127739 0 16749 Ed Long 50.0 X 121575 0 15333 1688898 0 150665 16 false true false THE HAY AGENCY INC 7226 DESCO DRIVE DALLAS TX 75225 PRINT & PUBLISHING 275874 ENTRUST ONE FACILITY SERVICES INC 11880 GREENVILLE AVE SUITE 108 DALLAS TX 75243 HOUSEKEEPING 211257 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 021102212 INVEST. CONSULTANTS 131455 Andres Construction Services LLC 3838 Oaklawn Ave 1414 DALLAS TX 75219 Construction 1876039 Good Fulton and Farrell - Architect 2808 Fairmont Suite 300 DALLAS TX 75201 Architects 323048 7 371952 27207189 398009 27579141 TUITION 611110 20491185 20491185 BOARDING, LUNCH 721310 3361552 3361552 EXTENDED SERVICES 611710 923486 923486 EDUCATIONAL FEES 611110 1552658 1552658 OTHER 611110 341286 341286 133868 133868 26804035 2766302 14754 2751548 0 0 72003 15435 56568 56568 56568 12450000 34921 12415079 12415079 12415079 539037 371952 554677 -15640 -15640 9000 9000 9000 1129053 970995 158059 158059 FUN DAY 900099 16507 16507 16507 69789051 26804035 14754 15391121 0 2916690 2916690 10000 10000 0 912314 912314 0 16810625 14557561 1548999 704065 1150581 957777 148459 44345 1415135 1226949 123309 64877 1260871 1072006 142267 46598 0 63651 63651 107888 107888 0 147316 147316 0 78078 29646 46688 1744 509972 333014 176958 1080564 1034074 34291 12199 254012 200698 52062 1252 0 952300 809455 132398 10447 71877 54694 17183 0 307063 189446 92182 25435 850558 722974 85056 42528 0 3285368 2792563 328537 164268 326968 326968 ADMINISTRATIVE 902406 1058064 -155658 MAINTENANCE & GROUNDS 901418 766205 90142 45071 SUMMER SCHOOL 766738 766738 FOOD SERVICE 658706 658706 STUDENT SERVICES/INSTRUCTIONAL 248358 222447 25911 662381 333290 163474 165617 36651838 29267225 5870368 1514245 2100 2100 18330593 21020857 1441131 22449526 234083 320381 512818 592707 453017 307850 74376838 42649921 32229338 31726917 32604829 39690927 70519881 84527340 35480 22778 156363270 200661383 8275558 4966951 14534265 14811404 17895000 17500000 339820 233649 41044643 37512004 X 31001208 45552490 45721991 63233800 38595428 54363089 115318627 163149379 156363270 200661383 X 33137213 14693539 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 793332 X false 100152933 13794283 17506280 1320184 4509523 258226 125365563 91958431 1448672 12907515 1283526 4461534 416625 100152933 114221950 1790593 -17987292 1319820 4534089 212911 91958431 0.24300 0.33380 0.42320 false false 357723 357723 58093066 30131454 27961612 2295346 1918250 377096 13630702 10600216 3030486 31726917 LIMITED PARTNERSHIP INTEREST 100000 F GLOBAL EQUITY 35611954 F PRIVATE EQUITY 8160399 F FIXED INCOME 2426132 F REAL ASSETS 13233718 F ABSOLUTE RETURN 24995137 F 84527340 0 ASSET RETIREMENT OBLIGATION 233649 233649 69789051 36651838 33137213 14693539 14693539 47830752 82483682 14693539 1718365 16411904 66071778 7292 3709981 3717273 69789051 34379197 1718365 1718365 32660832 7292 3983714 3991006 36651838 Collections of Art Schedule D, Part III, Question 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. 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 current spending policy of the fund allows a maximum annual draw of 5% of a three year moving average of the market value of the total assets. During capital campaigns, an additional endowment draw will be allowed to pay campaign expenses. 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 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 School's confirmation letter dated August 26, 1971. The School has been classified as an organization that is not a private foundation under IRC Section 509(a)(1), and as such, contributions to the School qualify for deduction as charitable contributions. However, income generated from activities unrelated to the School's exempt purpose is subject to tax under IRC Section 511. The School did not have any material unrelated business income tax liability or expense for the years ended June 30, 2011 and 2010. The School has concluded that is does not have any unrecognized tax benefits resulting from current or prior period tax positions. Accordingly, no additional disclosures have been made on the financial statements regarding uncertain tax positions. The School does not have any outstanding interest or penalties, and none have been recorded in the statement of activities for the year ended June 30, 2011 or 2010. Reconciliation of Revenue Line 2d Schedule D, Part XII Question 2d Rental Activity Expenses 15,435 Special Event Expenses 554,677 Cost of Goods Sold 970,995 Discounted Services Recognized as Revenue on the F/S 177,258 TOTAL 1,718,365 Reconciliation of Revenue Line 4b Schedule D, Part XII Question 4b Loss on provision for uncollectible pledges 416,727 Childcare income netted against cost of running the center 326,672 Grants Awarded to students shown as contra revenue on F/S 2,926,690 Change in split interest agreement 39,892 TOTAL 3,709,981 Reconciliation of Expenses Line 4b Schedule D, Part XIII Question 4b Change in split interest agreement 39,891 Loss on provision for uncollectible pledges 690,460 Childcare income netted against cost of running center 326,673 Grants awarded to students shown as contra revenue on F/S 2,926,690 TOTAL 3,983,714 Reconciliation of Expenses Line 2d Schedule D, Part XIII Question 2d Rental Activity Expenses 15,435 Special Event Expenses 554,677 Cost of Goods Sold 970,995 Discounted Services Recognized as Revenue on the F/S 177,258 TOTAL 1,718,365 true true true true true true true false false false false false false false false false false true Nondiscriminatory Policy Schedule E, Part I, Question 1 The School publishes its racially nondiscriminatory policy in the education issue of the Dallas Morning News at least twice annually. In addition, the policy is printed on all admission materials. East Asia and the Pacific Fundraising Europe (Including Iceland and Greenland) Fundraising Central America and the Caribbean Fundraising Sub-Saharan Africa Fundraising Middle East and North Africa Fundraising North America Fundraising SCHOLARSHIP TO STUDENTS OUTSIDE OF US East Asia/Pacific 2 10000 Other true false true false false false X X X X X X true RuffaloCODY LLC Telemarket false 35800 16944 18856 35800 16944 18856 AK AZ FL LA MD MA NH VA WA Benefit Revenue 910989 371952 539037 554677 0 910989 371952 539037 554677 554677 -15640 Hockaday is a qualified nonprofit organization allowed to conduct one raffle per calendar year. 11600 WELCH ROAD DALLAS TX 75229 true SCHOLARSHIP TO STUDENTS 187 2916690 Grants SCHEDULE I, PART 1, QUESTION 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 were given to students as a reduction in their tuition, lunch fees, and/or activity fees. No cash was distributed. The aid was awarded objectively and in a non-discriminatory manner. X X true true X X X X false true false false false false false false false Jeanne P Whitman 447027 0 90000 0 0 0 0 0 22692 0 559719 0 0 0 Mary Pat Higgins 221660 0 55000 0 0 0 0 0 26461 0 303121 0 0 0 Cathy Murphree 162243 0 10000 0 0 0 0 0 18198 0 190441 0 0 0 Susan Swan Smith 154209 0 12000 0 0 0 0 0 17261 0 183470 0 0 0 John Ashton 147435 0 8280 0 0 0 0 0 17598 0 173313 0 0 0 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, LINE 4B JEANNE P. WHITMAN, HEAD OF SCHOOL, PARTICIPATES IN A 457(b) AND 457(f) PLAN. SHE RESIGNED EFFECTIVE JUNE 30, 2011. SHE WAS PAID HER DEFFERED COMPENSATION BALANCE 0N JUNE 30, 2011. IN ADDITION, PER THE DEFERRED COMPENSATION AGREEMENT, MS. WHITMAN WAS PAID INTEREST THAT ACCUMULATED OVER THE LIFE OF THE AGREEMENT. THE MAJORITY OF THE INTEREST WAS PAID PRIOR TO JUNE 30, 2011. HOWEVER APPROXIMATELY $10K WAS PAID IN JULY 2011. COMPENSATION FOR SCHEDULE J IS REPORTED BASED ON THE CALENDAR YEAR ENDING DECEMBER 2010 AND THEREFORE DOES NOT REFLECT THE DEFERRED COMPENSATION PAID TO MS. WHITMAN DURING THE FISCAL YEAR ENDING JUNE 30, 2011. Red River Education Finance Corporation 752791247 756872DT1 2005-09-22 18344577 Adv Rfd of Ed Rev Bnd Iss 11/1/00 false false false 18392380 221867 18122710 2002 false true true true false false false false false 0.00000 0.00000 0.00000 true true false false false false false Part II, Line 3 Additional Information Part II, Line 3 includes accrued interest of $47,803, not reflected in the issue price in Part I. X 2 1050 Cost/Selling Price X 917 Cost/Selling Price X 1 24040 Cost/Selling Price X 19 160867 Cost/Selling Price X 1 6000 Cost/Selling Price X 1 930 Cost/Selling Price X SERVICES 25 175138 Cost/Selling Price X ENTERTAINMENT 6 29067 Cost/Selling Price false true false Relationships PART VI, SECTION A, QUESTION 2 Jim Bass & Rita Clements - Family relationship Kathryn Francis & Kathryn Priddy - Family relationship Kathy Gudmundsson & Peter Gudmundsson - Family relationship Katherine Roberts & Ellen Rogers - Family relationship Schatzie Lee & Hamilton Lee - Family relationship Tiffany Rubi & Jeanie Laube - Family relationship 990 Provided to Governing Body PART VI, SECTION B, QUESTION 11B The Form 990 is prepared by the management of the School with the assistance of Grant Thornton LLP, our independent tax advisors. The Form 990 and all of the required schedules are presented to the Audit & Ethics Committee, consisting of six voting members, including two financial experts and two Investment Committee 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 for filing, the entire Board is notified of its availability for their review. The Form 990, excluding Schedule B, is made available to the entire Board for review in the office of the Chief Financial Officer. Conflict of Interest PART VI, SECTION B, QUESTION 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 questionnaires are distributed to key employees during the same time frame (as they do not all attend the Board meeting). The questionnaires are returned to the office of the CFO and are reviewed for any conflicts. In addition, the Controller and 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. Compensation PART VI, SECTION B, QUESTION 15A & 15B The Compensation Committee sets the compensation for the Head of School. The Compensation Committee is comprised of the Chairperson 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). The Head uses similar comparable data from NAIS to determine salary levels. The Compensation Committee approves the salaries set by the Head of School. In addition, the compensation agreement between the Head of School and the Compensation Committee is documented in meeting minutes which are retained as part of the year's Board meeting minutes. UNREALIZED GAIN/ LOSS FORM 990, PART XI, LINE 5 UNREALIZED GAIN $14,693,539 GOVERNING DOCUMENTS AVAILABILITY PART VI, QUESTION 19 THE SCHOOL'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGE TO GOVERNING DOCUMENTS PART VI, SECTION A, QUESTION 4 THE SCHOOL'S BYLAWS WERE CHANGED TO CREATE AND DEFINE THE "RETIREMENT COMMITTEE". THE RETIREMENT COMMITTEE IS A NEW STANDING BOARD COMMITTEE THAT SERVES AS THE 403(B) PLAN ADMINISTRATOR AND NAMED FIDUCIARY. THE RETIREMENT COMMITTEE SETS POLICIES FOR THE SCHOOL'S 403(B) PLAN, SELECTS AND MONITORS THE INVESTMENT FUNDS OFFERED THROUGH THE SCHOOL'S RETIREMENT PLAN, ENSURES THE RETIREMENT PLAN IS ADMINISTERED IN ACCORDANCE WITH THE APPLICABLE LAWS, AND APPOINTS OR EMPLOYS INDIVIDUALS TO ASSIST THE RETIREMENT COMMITTEE WITH MEETINGS AND THE COMMITTEE'S RESPONSIBILITIES.