2011-04-16T11:27:40-04:00 2010-06-30 Grant Thornton LLP 1717 Main Street Suite 1500 Dallas TX 75201 990 2009-07-01 750800650 Hockaday School HOCK 2143636311 11600 Welch Road Dallas TX 75229 Mary Pat Higgins 2143606507 2011-04-18 true Kimberly Schrant 2145612300 2009 2016-02-24 21:20:13Z MARY PAT HIGGINS 11600 WELCH ROAD DALLAS TX 75229 31650946 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. 55 54 504 950 -572 -572 2348117 2892394 24126032 25885108 1410436 1074186 46817 224024 27931402 30075712 2477750 2643350 0 0 20362839 21492585 35524 47892 1430925 11533167 11579294 34409280 35763121 -6477878 -5687409 147870139 156363270 38391277 41044643 109478862 115318627 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 29213215 2643350 25885108 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 1,008 day students and 75 residence students for the 2009-2010 academic year. In addition, the School provided educational programs in the summer and for children of faculty/staff. 29213215 true true false false false false true false true true true false true false false false true true true true false false true true true false false false false false false false true true true true false false false false false false false false true 103 2 true 504 true false false false false false true true false false false 55 54 true false false 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 Ruth Altshuler 4.0 X 0 0 0 James Bass 6.0 X X 0 0 0 Lucy Crow Billingsley 4.0 X 0 0 0 Rita Crocker Clements 4.0 X 0 0 0 Margaret Doggett Crow 4.0 X 0 0 0 Linda Custard 4.0 X 0 0 0 Peggy Simmons Dear 4.0 X 0 0 0 Leslie Melnick Diers 4.0 X 0 0 0 Talley Dunn 6.0 X X 0 0 0 R Steve Folsom 6.0 X X 0 0 0 Danny Gow 4.0 X 0 0 0 David A Gravelle 4.0 X 0 0 0 Peter Gudmundsson 6.0 X X 0 0 0 Marguerite Steed Hoffman 4.0 X 0 0 0 Dr Vinay Jain 4.0 X 0 0 0 Robert Kaminski 15.0 X X 0 0 0 Margaret McDermott 4.0 X 0 0 0 Kathryn King Marley 4.0 X 0 0 0 Maryann Sarris Mihalopoulos 6.0 X X 0 0 0 Paula Mosle 4.0 X 0 0 0 Charles Nearburg 4.0 X 0 0 0 Edith Jones O'Donnell 4.0 X 0 0 0 John Penson 4.0 X 0 0 0 Margot Perot 4.0 X 0 0 0 Jeanne L Phillips 4.0 X 0 0 0 Kathleen Hoak Power 4.0 X 0 0 0 Kathryn Priddy 4.0 X 0 0 0 Katherine Rogers Roberts 4.0 X 0 0 0 Ellen Higginbotham Rogers 4.0 X 0 0 0 Richard Rogoff 4.0 X 0 0 0 Lizzie Horchow Routman 4.0 X 0 0 0 Cary-Elisa Briggle Rubarts 4.0 X 0 0 0 Tiffany Borlaug Rubi 4.0 X 0 0 0 Nicole Ginsburg Small 4.0 X X 0 0 0 Rebecca E Szelc 6.0 X X 0 0 0 Michelle Neuhoff Thomas 6.0 X X 0 0 0 Dorothy Taliaferro Weil 4.0 X 0 0 0 Staci Williams 4.0 X X 0 0 0 Mary Frances Cunningham Yancey 4.0 X 0 0 0 Barney Young 4.0 X 0 0 0 Dr Angela Ards 4.0 X 0 0 0 Robert Dedman Jr 4.0 X 0 0 0 Kathy Gudmundsson 4.0 X 0 0 0 David Haemisegger 4.0 X 0 0 0 Frances Jeter 4.0 X 0 0 0 Joyce Lacerte 4.0 X 0 0 0 Natalie Lee 4.0 X 0 0 0 Ann Whitley Wood 4.0 X 0 0 0 Sharon Youngblood 4.0 X 0 0 0 Jamiel Akhtar 4.0 X 0 0 0 Amy Gow 4.0 X 0 0 0 Cinda Cree Hicks 4.0 X 0 0 0 Kathryn Walker Francis 4.0 X 0 0 0 Randal Rauscher Rhodus 4.0 X 0 0 0 Barbara Glazer Rosenblatt 4.0 X 0 0 0 Jeanne P Whitman 50.0 X 539432 0 72692 Mary Pat Higgins 50.0 X 253312 0 19733 Susan Swan Smith 50.0 X 151085 0 16405 Ed Long 50.0 X 119848 0 14453 Linda Kramer 50.0 X 116174 0 14328 Cathy Murphree 50.0 X 132381 0 15026 Jen Liggitt 50.0 X 112298 0 14667 1424530 0 167304 12 false true false THE HAY AGENCY INC 7226 DESCO DRIVE DALLAS TX 75225 PRINT & PUBLISHING 208219 ENTRUST ONE FACILITY SERVICES INC 11880 GREENVILLE AVE SUITE 108 DALLAS TX 75243 HOUSEKEEPING 209659 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 021102212 INVEST. CONSULTANTS 124779 3 405022 2487372 257726 2892394 TUITION 900099 19767010 19767010 BOARDING, LUNCH 721310 3084966 3084966 EXTENDED SERVICES 611710 1052381 1052381 EDUCATIONAL FEES 900099 1529448 1529448 OTHER 900099 305145 305145 146158 146158 25885108 1072441 -572 1073013 0 0 59783 18527 41256 41256 41256 1745 1745 1745 1745 495318 405022 549361 -54043 -54043 25301 100 25201 25201 1175087 1007246 167841 167841 FUN DAY 900099 40832 40832 BAD DEBT RECOVERY 900099 2937 2937 43769 30075712 25885108 -572 1298782 0 2633350 2633350 10000 10000 0 782971 782971 0 17016823 14769848 1582258 664717 1123690 940909 138736 44045 1403232 1154760 183699 64773 1165869 992500 127523 45846 0 50386 50386 61432 61432 0 47892 47892 0 91454 41016 48025 2413 398784 318308 80476 1060991 1014990 35589 10412 219151 169277 49481 393 0 913412 776400 126529 10483 77179 66349 10830 0 264350 129612 116557 18181 972780 826863 97278 48639 0 3392156 2883332 339216 169608 382465 382465 MAINTENANCE & GROUNDS 838083 712371 83808 41904 STUDENT SERVICES/INSTRUCTIONAL 210898 185646 25252 EVENT EXPENSES 207034 42355 34989 129690 ACCRETION 11920 10132 1192 596 AMORTIZATION -9086 -7723 -909 -454 2435905 1927577 467847 40481 35763121 29213215 5118981 1430925 2100 2100 17424293 18330593 2173528 1441131 304592 234083 436203 512818 480991 453017 78458807 46229469 34848489 32229338 31507574 32604829 60665246 70519881 27123 35480 147870139 156363270 7144688 8275558 12633397 14534265 18345000 17895000 268192 339820 38391277 41044643 X 31070865 31001208 40197047 45721991 38210950 38595428 109478862 115318627 147870139 156363270 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 793333 X false 91958431 1448672 12907515 1283526 4461534 416625 100152933 114221950 1790593 -17987292 1319820 4534089 212911 91958431 0.17560 0.38480 0.43960 false false 0 409575 409575 57413570 29105836 28307734 0 3750550 3274561 475990 16885112 13849072 3036040 32229339 LIMITED PARTNERSHIP INTEREST 82427 F GLOBAL EQUITY 24514988 F PRIVATE EQUITY 6736715 F FIXED INCOME 3068214 F REAL ASSETS 9769689 F ABSOLUTE RETURN 26347848 F 70519881 0 ASSET RETIREMENT OBLIGATION 221049 DEFERRED COMPENSATION 118771 339820 30075712 35763121 -5687409 11527174 11527174 5839765 40358827 11527174 128005 11655179 28703648 16764 1355300 1372064 30075712 34519062 1266148 1266148 33252914 16764 2493443 2510207 35763121 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 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, 2010 and 2009. 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, 2010 or 2009. Reconciliation of Revenue Line 2d Schedule D, Part XII Question 2d Change in Split Interest Agreement (21,902) Discounted services 149,907 TOTAL 128,005 Reconciliation of Revenue Line 4b Schedule D, Part XII Question 4b Rental Activities (18,527) Special Events Expenses (549,361) Gaming Activities (100) COGS (1,007,246) Grant Expenses 2,643,350 Childcare Income 287,184 TOTAL 1,355,300 Reconciliation of Expenses Line 4b Schedule D, Part XIII Question 4b Grant Expenses 2,643,350 Discounted services (149,907) TOTAL 2,493,443 Reconciliation of Expenses Line 2d Schedule D, Part XIII Question 2d Rental Activities (18,527) Special Events Expenses (549,361) Gaming Activities (100) COGS (1,007,246) Change in Split Interest Agreement 21,902 Childcare Income 287,184 TOTAL (1,266,148) true true true 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. true true true true false false false false false false false false false false true SCHOLARSHIP TO STUDENTS OUTSIDE OF US East Asia/Pacific 2 10000 Other X X X X X X true RuffaloCODY LLC Telemarket false 38939 13538 38939 13538 AK AZ FL LA MD MA NH TX VA WA Benefit Revenue 900340 405022 495318 549361 0 900340 405022 495318 549361 549361 -54043 25301 100 true 1.00000 25301 100 100 25201 TX true Hockaday is a qualified nonprofit organization allowed to conduct one raffle per calendar year. false true false 1.00000 0.00000 JT COATS 11600 WELCH ROAD DALLAS TX 75229 false JT COATS 0 PREPARES W-2-G FORMS, SUPERVISES DEPOSITS & AWARDS X false true SCHOLARSHIP TO STUDENTS 183 2633350 Grants SCHEDULE I, PART 1, QUESTION 2 Financial assistance is awarded based on financial need. Applicants provide income information. A methodology is applied to determine need. The Financial Aid Committee (comprised of School management) allocates the financial aid resources based on need. Scholarships were given to students as a reduction in their tuition, lunch fees, and/or activity fees. No cash was distributed and the aid was awarded objectively, in a non-discriminatory manner in accordance with the statement in Schedule A, based on demonstrated financial need. X X true true X X X X false true false false false false false false false Jeanne P Whitman 449432 0 90000 0 0 50000 0 22692 0 612124 0 0 0 Mary Pat Higgins 198312 0 55000 0 0 0 0 19733 0 273045 0 0 0 Susan Swan Smith 151085 0 0 0 0 0 0 16405 0 167490 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. HER PARTICIPATION IN IN THE 457(f) PLAN AMOUNTS TO $34,000. THE SCHOOL HAS A WRITTEN DEFERRED COMPENSATION AGREEMENT THAT ENDS JUNE 2010. Red River Education Finance Corporation 752791247 756872DT1 2005-09-22 18344577 Adv Rfd of Ed Rev Bnd Iss 11/14/00 false false 18344577 221867 18122710 2002 false true true true false false false false false true false false false false false Joyce Lacerte Trustee 43000 FEES FOR PAYROLL SERVICES false X 2 1150 Cost/Selling Price X 1235 Cost/Selling Price X 14 45458 Cost/Selling Price X 3 32246 Cost/Selling Price X 2 1735 Cost/Selling Price X VACATION PACKAGE 6 152529 Cost/Selling Price X CONCERT & SPORTING EVENT PACKAGES 7 57080 Cost/Selling Price X GIFT CERTIFICATES 9 12351 Cost/Selling Price false true false Relationships PART VI, SECTION A, QUESTION 2 Jim Bass & Rita Clements - Family relationship Lucy Billingsley & Margaret Crow - Family relationship Kathryn Francis & Kathryn Priddy - Family relationship Kathy Gudmundsson & Peter Gudmundsson - Family relationship Katherine Roberts & Ellen Rogers - Family relationship 990 Provided to Governing Body PART VI, SECTION B, QUESTION 11A 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 is 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, is made available to the entire Board for review in the office of the Chief Financial Officer and the Headmistress. 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 conflicts. In addition, the Controller and CFO review the forms and discuss other potential conflicts. A summary of conflicts is prepared for disclosure on the 990 and is reviewed by the Audit and Ethics Committee. Compensation PART VI, SECTION B, QUESTION 15 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. Documents Available to Public Part VI, Section C, Question 19 The organization's governing documents, conflict of interest policy, and financial statements are available upon request. Bonds SCHEDULE K, Pt. II, Line 7 AND 8 The amount and date shown pertains to capital expenditures from the education revenue bond issues November 14, 2000.