2023-02-06T12:03:34-06:00 2022-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2021-07-01 060646674 HOPKINS SCHOOL INCORPORATED HOPK 2033971001 986 FOREST ROAD NEW HAVEN CT 06515 DAVID BAXTER CFO 2033971001 2023-02-06 1 DAVID BAXTER XXX-XX-XXXX LAURA KIELCZEWSKI P00740769 9592007000 2023-02-06 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z HOPKINS SCHOOL MATT GLENDINNING 986 FOREST ROAD NEW HAVEN CT 06515 86985145 0 X WWW.HOPKINS.EDU X 1660 CT A PRIVATE CO-EDUCATIONAL INSTITUTION FORMED TO EDUCATE STUDENTS FROM GRADES 7 THROUGH 12. 20 19 312 0 458230 0 3471278 8201302 33554536 34204647 8342262 2223729 152119 165863 45520195 44795541 5074251 5470091 0 0 24863640 25514039 0 0 1990683 12914740 11992969 42852631 42977099 2667564 1818442 258984711 238380739 25735198 23618430 233249513 214762309 TO CONDUCT AND MANAGE A SCHOOL FOR YOUNG PEOPLE AND TO CARRY ON ANY AND ALL ACTIVITIES PERMITTED TO A NONSTOCK CORPORATION UNDER THE LAWS OF THE STATE OF CONNECTICUT AS MAY BE HELPFUL OR APPROPRIATE FOR THE ACHIEVEMENT OF THE FOREGOING GOALS AND PURPOSES. 0 0 34392911 5470091 34236416 ACADEMIC INSTRUCTION, ATHLETIC & STUDENT ACTIVITIES, FOOD SERVICE & OTHER SUPPORT FOR 714 STUDENTS. 34392911 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 117 0 1 312 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DAVID BAXTER 2033971001 986 FOREST ROAD NEW HAVEN CT 06515 VINCENT A CALARCO PRESIDENT 5.00 X X 0 0 0 GWEN E EVANS '84 VICE PRESIDENT 1.00 X X 0 0 0 NIALL M FERGUSON '92 TREASURER 1.00 X X 0 0 0 LYNN J QUINN SECRETARY 1.00 X X 0 0 0 ELEANOR C BABBITT '76 TRUSTEE 1.00 X 0 0 0 BARRY D BLAKE TRUSTEE 1.00 X 0 0 0 MARVIN CHUN TRUSTEE 1.00 X 0 0 0 KRISTIN COLLIER TRUSTEE 1.00 X 0 0 0 NICHOLAS DAWIDOFF '81 TRUSTEE 1.00 X 0 0 0 DANIEL HURWITZ OUTGOING TRUSTEE 1.00 X 0 0 0 MEDINA TYSON JETT '83 TRUSTEE 1.00 X 0 0 0 ERIN JOHNSON TRUSTEE 1.00 X 0 0 0 DONALD KENDALL JR TRUSTEE 1.00 X 0 0 0 L'HEUREUX LEWIS-MCCOY '96 TRUSTEE 1.00 X 0 0 0 ZEHRA PATWA TRUSTEE 1.00 X 0 0 0 AARON SACK '89 TRUSTEE 1.00 X 0 0 0 JOSH SAMUELSON TRUSTEE 1.00 X 0 0 0 PETER G SASAKI '87 TRUSTEE 1.00 X 0 0 0 LISA TAKOUDES TRUSTEE 1.00 X 0 0 0 GREGORY R TANNER '92 TRUSTEE 1.00 X 0 0 0 KAI BYNUM HEAD OF SCHOOL 40.00 X X 626430 0 45242 DAVID E BAXTER CHIEF FINANCIAL AND OPERATING OFFICER 40.00 X 384749 0 90066 THOMAS DIASCRO CHIEF ADVANCEMENT OFFICER 40.00 X 189100 0 56287 ELIZABETH CLIMIE DIRECTOR OF FACILITIES 40.00 X 143071 0 28228 ROBERT JOHN ROBERTS ASSISTANT HEAD OF SCHOOL 40.00 X 180622 0 44905 KATHARINE LAUREN REICHART DIRECTOR OF DEVELOPMENT OPERATIONS 40.00 X 163829 0 48185 PAMELA MCKENNA DIRECTOR OF ENROLLMENT & STRATEGIC MARKETING 40.00 X 169061 0 44042 1856862 0 356955 42 0 1 0 FLIK INDEPENDENT SCHOOL DINING PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 1036820 MARKLE INVESTIGATIONS INC PO BOX 502 NORTH HAVEN CT 06473 SECURITY SERVICES 389574 ADVANTAGE MAINTENANCE INC 15 LUNAR DRIVE WOODBRIDGE CT 06525 CUSTODIAL SERVICES 389511 PHYSICIANONE URGENT CARE 31 OLD ROUTE 7 BROOKFIELD CT 06804 HEALTH SCREENING 248025 JAMES ALBERT LANDSCAPE DESIGN & MAINT LL 59 BAILEY ROAD NORTH HAVEN CT 06473 LANDSCAPING 214204 11 8201302 169969 8201302 TUITION & FEES 611600 34046470 34046470 OTHER FEES 611600 158177 158177 34204647 885399 49388 836011 76645 0 76645 76645 76645 43299235 1200 41897232 64873 1402003 -63673 1338330 408842 929488 14618 17678 -3060 -3060 241590 209821 31769 31769 MISCELLANEOUS REVENUE 611600 60509 60509 60509 44795541 34236416 458230 1899593 5470091 5470091 1146540 1146540 15676079 13463592 1207475 1005012 1495936 1325316 85642 84978 5943613 5375723 343418 224472 1251871 1059498 119986 72387 92131 92131 44050 44050 1511593 1511593 3332191 2387826 739908 204457 100057 150 99907 302249 75916 142250 84083 433686 395665 2091 35930 622374 560137 56014 6223 48359 30058 1528 16773 342716 188149 45523 109044 338336 253752 84584 2459691 2213722 221372 24597 221836 221836 RENTALS 431830 416273 15557 SUPPLIES 399225 373118 21974 4133 RECRUITING 224504 5715 217062 1727 REPAIRS 171460 171460 916681 626750 188621 101310 42977099 34392911 6593505 1990683 1358 1358 11810858 11009614 1385653 2578097 4592 4090 1000000 1000000 43205 60540 81923489 40842276 42499487 41081213 46864823 27873375 154195906 153643316 1178829 1129136 258984711 238380739 3713524 3885203 10787425 9558434 10465766 9753925 768483 420868 25735198 23618430 X 99449618 92879361 133799895 121882948 233249513 214762309 258984711 238380739 X 1818442 -20400681 95035 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 165915417 5525753 -15957882 2317118 3445022 149721148 140104612 2457529 28691340 2109523 3228541 165915417 133503402 3017594 8558508 1973965 3000927 140104612 134687523 2264765 1256192 1875366 2829712 133503402 114333335 16119954 8344652 1606328 2504090 134687523 0.22540 0.56230 0.21230 0 0 2394147 2394147 58098845 26162992 31935853 11858157 7757922 4100235 8331650 6574668 1756982 1240690 346694 893996 41081213 U.S. LARGE CAP EQUITY FUNDS 11525021 F GLOBAL EX U.S. EQUITY FUNDS 20932653 F ALTERNATIVE ABSOLUTE RETURN 68656784 F ALTERNATIVE REAL ESTATE 12713156 F ALTERNATIVE GLOBAL PRIVATE EQUITY 15525910 F ALTERNATIVE TIMBER, OIL AND GAS 3418763 F MONEY MARKET 6289100 F US GOV BOND 14581929 F 153643316 ANNUITIES PAYABLE 269283 INTEREST PAYABLE 151585 420868 X 17735710 -20400681 322534 -20078147 37813857 1511593 5470091 6981684 44795541 36222914 227499 227499 35995415 1511593 5470091 6981684 42977099 PART V, LINE 4: ENDOWMENT FUNDS WILL BE DISBURSED IN ACCORDANCE WITH THE SCHOOL'S EXISTING SPENDING POLICY FOR THE SPECIFIED PURPOSES OF THE VARIOUS FUNDS. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2022 AND 2021. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2019 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAS UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - SCHOOL STORE 209,821. FUNDRAISING EXPENSES 17,678. CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENT 95,035. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,470,091. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - SCHOOL STORE 209,821. FUNDRAISING EXPENSES 17,678. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,470,091. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A LINK TO THE NONDISCRIMINATION POLICY IS ON THE SCHOOL'S PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES DURING THE YEAR. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT HOLDING INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO 30415501 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENT HOLDING INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO 14784266 EAST ASIA AND PACIFIC (JAPAN) 0 0 INVESTMENT HOLDING INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO 6148388 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 INVESTMENT HOLDING INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO 524710 0 0 0 0 0 0 51872865 0 51872865 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 STUDENT SCHOLARSHIPS / FINANCIAL AID 184 5470091 FAIR VALUE TUITION DISCOUNT PART I, LINE 2: HOPKINS SCHOOL FINANCIAL AID PROGRAM IS NEED-BASED. FAMILIES INTERESTED IN RECEIVING FINANCIAL AID COMPLETE AN APPLICATION FORM AND SUBMIT IT TO THE SCHOOL. IN ADDITION TO THE APPLICATION, FAMILIES ARE REQUIRED TO PROVIDE ADDITIONAL FINANCIAL DOCUMENTS, INCLUDING BUT NOT LIMITED TO, COMPLETE COPIES OF INDIVIDUAL INCOME TAX RETURNS AND FORM W-2. A FINANCIAL AID COMMITTEE REVIEWS THE INFORMATION AND DETERMINES THE LEVEL OF FINANCIAL AID AWARD, IF ANY. ANY FINANCIAL AID AWARD IS FOR ONE YEAR AT A TIME. ALL RECIPIENTS MUST COMPLETE THE FULL APPLICATION PROCESS EACH YEAR. IN GENERAL, FINANCIAL AID APPLICATIONS ARE DUE BY JANUARY AND FINANCIAL AID AWARDS ARE MADE IN MARCH. FINANCIAL AID IS NOT A CASH GRANT AWARD. ACTUAL FINANCIAL AID AWARDS ARE REFLECTED AS CREDITS TOWARDS TUITION. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 KAI BYNUM HEAD OF SCHOOL 565940 0 1190 0 59300 0 32900 0 12342 0 671672 0 0 0 DAVID E BAXTER CHIEF FINANCIAL AND OPERATING OFFICE 320799 0 1340 0 62610 0 58880 0 31186 0 474815 0 62610 0 THOMAS DIASCRO CHIEF ADVANCEMENT OFFICER 187760 0 1340 0 0 0 21107 0 35180 0 245387 0 0 0 ROBERT JOHN ROBERTS ASSISTANT HEAD OF SCHOOL 179282 0 1340 0 0 0 21579 0 23326 0 225527 0 0 0 PAMELA MCKENNA DIRECTOR OF ENROLLMENT & STRATEGIC M 167721 0 1340 0 0 0 18728 0 25314 0 213103 0 0 0 KATHARINE LAUREN REICHART DIRECTOR OF DEVELOPMENT OPERATIONS 162489 0 1340 0 0 0 16329 0 31856 0 212014 0 0 0 ELIZABETH CLIMIE DIRECTOR OF FACILITIES 141731 0 1340 0 0 0 15789 0 12439 0 171299 0 0 0 PART I, LINE 1A KAI BYNUM, HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HIS RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE SCHOOL, IS REQUIRED TO MAINTAIN HIS RESIDENCE IN A LOCAL HOME OWNED BY THE SCHOOL. PERSONAL USE IS CALCULATED AND INCLUDED IN HIS W-2 ANNUALLY. IN ADDITION, MR. BYNUM RECEIVES AN ANNUAL ALLOWANCE FOR SOCIAL CLUB DUES SO HE HAS ACCESS TO ARRANGE SOCIAL FUNCTIONS AND EVENTS OF BENEFIT TO THE SCHOOL. PART I, LINE 4B MR. BAXTER PARTICIPATED IN A DEFERRED COMPENSATION PLAN, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO WHICH CERTAIN AMOUNTS HAVE BEEN CREDITED BY THE SCHOOL. SUCH AMOUNT IS IN REPORTED IN PART II, COLUMN (C). A ST OF CT HEALTH & EDUCATIONAL FACILITIES AUTHORITY 060806186 20774UT88 2009-12-10 7873388 HOPKINS SCHOOL SERIES C 0 0 0 B ST OF CT HEALTH & EDUCATIONAL FACILITIES AUTHORITY 060806186 2017-03-08 7860000 HOPKINS SCHOOL SERIES D- DEFEASE SERIES B BONDS 0 0 0 A 4313388 7873388 596428 7119492 157468 1 0 1 1 B 1450000 7860000 7704300 155700 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 BARBARA RILEY FORMER HEAD OF SCHOOL SEE PART V OF SCHEDULE L X 500000 500000 0 0 1 BARBARA RILEY FORMER HEAD OF SCHOOL SEE PART V OF SCHEDULE L X 500000 500000 0 0 1 1000000 FORM 990, SCHEDULE L, PART II, LINES 1 AND 2 THE LOANS RECEIVABLE FROM BARBARA M. RILEY LISTED IN LINES 1 AND 2 OF PART II WERE NOT INITIATED BY THE SCHOOL. THE LOANS TO BARBARA M. RILEY WERE MADE BY THIRD PARTIES AND SUBSEQUENTLY DONATED TO THE SCHOOL. THE SCHOOL HAD NO KNOWLEDGE OF THE LOANS AT THE TIME THEY WERE MADE. BECAUSE THE LOANS WERE NOT MADE BY THE SCHOOL, THE LOANS WERE NOT, AND COULD NOT, HAVE BEEN APPROVED BY THE COMMITTEE OF TRUSTEES. ACCEPTANCE OF THE ASSIGNMENTS OF THE LOANS AS A CHARITABLE CONTRIBUTION TO THE SCHOOL WAS APPROVED BY THE SCHOOL'S GOVERNING BODY. INTEREST ON THE LOANS IS CHARGED AT THE RATE OUTLINED IN THE NOTE. X 19 169969 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE COMMITTEE OF TRUSTEES HAS BEEN AUTHORIZED TO REVIEW THE FORM 990 AND TO APPROVE ITS FILING. WHEN IT HAS PERFORMED ITS AUTHORIZED DUTY, THE AUDIT COMMITTEE REPORTS TO THE COMMITTEE OF TRUSTEES THAT IT HAS REVIEWED AND APPROVED ITS FILING. THE 990, EXCLUDING SCHEDULE B SCHEDULE OF CONTRIBUTORS, IS THEN MADE AVAILABLE TO TRUSTEES AS REQUESTED AFTER IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL PROVIDES THE CONFLICT OF INTEREST POLICY TO TRUSTEES AND KEY EMPLOYEES ON AN ANNUAL BASIS. THIS POLICY IS REVIEWED AT A TRUSTEE MEETING. ON AN ANNUAL BASIS ALL TRUSTEES AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST CERTIFICATE OF ACKNOWLEDGMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS SET BY CONTRACT. AT THE OUTSET OF THE CONTRACT, COMPENSATION IS DETERMINED BY A SUBSET OF TRUSTEES, INCLUDING THE PRESIDENT. BENCHMARK AND COMPARATIVE DATA OBTAINED FROM A VARIETY OF SOURCES, INCLUDING THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND OTHER REGIONALIZED SURVEYS, IS USED TO DETERMINE A MARKET BASED RATE OF COMPENSATION. COMPENSATION FOR THE CHIEF FINANCIAL AND OPERATING OFFICER IS SET BY CONTRACT. THIS CONTRACT RUNS FOR A SINGLE TWELVE MONTH PERIOD. RATES OF COMPENSATION UNDER THIS CONTRACT ARE SET ANNUALLY BY THE HEAD OF SCHOOL. BENCHMARK AND COMPARATIVE DATA OBTAINED FROM A VARIETY OF SOURCES, INCLUDING THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND OTHER REGIONALIZED SURVEYS, IS USED TO DETERMINE A MARKET BASED RATE OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS 95,035. FORM 990 PART XII LINE 2C: THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.