2023-04-14T12:53:49-05:00 2022-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2021-07-01 750800650 HOCKADAY SCHOOL HOCK 2143636311 11600 WELCH RD DALLAS TX 75229 KATIE LETO CFO 2143606505 2023-05-15 1 KATIE LETO 999009999 MATTHEW PETROSKI P00853132 9257902600 2023-04-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NICOLE GINSBERG SMALL 11600 WELCH RD DALLAS TX 75229 86837817 0 X WWW.HOCKADAY.ORG X 1913 TX THE HOCKADAY SCHOOL, FOUNDED IN 1913, PROVIDES A COLLEGE PREPARATORY EDUCATION FOR GIRLS OF STRONG POTENTIAL WHO MAY BE EXPECTED TO ASSUME POSITIONS OF LEADERSHIP. 45 45 465 1118 52938 38734 24210160 18901359 36150609 39289744 1179137 1706372 797225 1383987 62337131 61281462 2887380 3132406 0 0 28225831 30875090 0 0 2529335 16005790 18219017 47119001 52226513 15218130 9054949 327922958 327432445 52333322 53729595 275589636 273702850 BELIEVING IN THE LIMITLESS POTENTIAL OF GIRLS, HOCKADAY SCHOOL DEVELOPS RESILIENT, CONFIDENT WOMEN WHO ARE EDUCATED AND INSPIRED TO LEAD LIVES OF PURPOSE AND IMPACT. 0 0 40255337 3132406 39888255 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 1,115 DAY STUDENTS AND 43 RESIDENCE STUDENTS FOR THE 2021-2022 ACADEMIC YEAR. IN ADDITION, THE SCHOOL PROVIDED EDUCATIONAL PROGRAMS IN THE SUMMER AND AFTER SCHOOL. 40255337 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 119 0 1 465 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 45 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO DC MD MA MI NV NY OH OK OR SC WA WI NH X KATIE LETO CFO 2143636311 11600 WELCH ROAD DALLAS TX 75229 NICOLE GINSBURG SMALL CHAIR 15.00 X X 0 0 0 NEELESH MEHENDALE VICE CHAIR 5.00 X X 0 0 0 JOHN DONOVAN EXECUTIVE COMMITTEE 5.00 X X 0 0 0 KATHY CROW TREASURER 15.00 X X 0 0 0 ELIZABETH CULLUM HELFRICH SECRETARY 3.00 X X 0 0 0 KATHRYN WALKER FRANCIS IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 SHONN BROWN CHAIR ELECT 5.00 X X 0 0 0 WASAN ALFALAHI TRUSTEE 3.00 X 0 0 0 MARY ANNE ALHADEFF TRUSTEE 3.00 X 0 0 0 ELIZABETH BENNETT TRUSTEE 3.00 X 0 0 0 NANCY LIRA BERNARDINO TRUSTEE 3.00 X 0 0 0 CARLA BOLDEN TRUSTEE 3.00 X 0 0 0 LUCY BILLINGSLEY BURNS TRUSTEE 3.00 X 0 0 0 TAJ CLAYTON TRUSTEE 3.00 X 0 0 0 TRICIA DRUM DAVIDSON TRUSTEE 3.00 X 0 0 0 LANDY ELLIOT FOX TRUSTEE 3.00 X 0 0 0 HELEN HARRIS-ALLEN TRUSTEE 3.00 X 0 0 0 ELLEN HAYNES TRUSTEE 3.00 X 0 0 0 HEATHER HAYS TRUSTEE 3.00 X 0 0 0 ARIANA VIROSLAV HELD TRUSTEE 3.00 X 0 0 0 ISABELL NOVAKOV HIGGINBOTHAM TRUSTEE 3.00 X 0 0 0 ANDREW HILL TRUSTEE 3.00 X 0 0 0 ARNOLD HOLTBERG TRUSTEE 3.00 X 0 0 0 FALLYN GRAY JONES TRUSTEE 3.00 X 0 0 0 JUN II KWUN TRUSTEE 3.00 X 0 0 0 ANGELICA MARIN-HILL TRUSTEE 3.00 X 0 0 0 MONTY MONTGOMERY TRUSTEE 3.00 X 0 0 0 GUADALUPE MORA-DUARTE TRUSTEE 3.00 X 0 0 0 MARISIA PARRA-GOANA TRUSTEE 3.00 X 0 0 0 KELSEY SWINGLE ROBERTSON TRUSTEE 3.00 X 0 0 0 DAVID A ROOSEVELT TRUSTEE 3.00 X 0 0 0 JENNIFER SAMPSON TRUSTEE 3.00 X 0 0 0 BETTY SCHULTZ TRUSTEE 5.00 X 0 0 0 MIGUEL SOLIS TRUSTEE 3.00 X 0 0 0 MICHAEL SORRELL TRUSTEE 3.00 X 0 0 0 CANDACE CAMPBELL SWANGO TRUSTEE 3.00 X 0 0 0 DAWNE TRIBOLET TRUSTEE 3.00 X 0 0 0 LINDA CUSTARD LIFE TRUSTEE 1.00 X 0 0 0 LYDA HILL LIFE TRUSTEE 1.00 X 0 0 0 JAMES M HOAK JR LIFE TRUSTEE 1.00 X 0 0 0 NATALIE HENDERSON LEE LIFE TRUSTEE 1.00 X 0 0 0 JANIE STRAUSS MCGARR LIFE TRUSTEE 1.00 X 0 0 0 MARGOT PEROT LIFE TRUSTEE 1.00 X 0 0 0 ELLEN HIGGINBOTHAM ROGERS LIFE TRUSTEE 1.00 X 0 0 0 RICHARD S ROGOFF LIFE TRUSTEE 1.00 X 0 0 0 BARNEY T YOUNG LIFE TRUSTEE 1.00 X 0 0 0 DR KAREN COLEMAN HEAD OF SCHOOL 50.00 X 765253 0 83129 JT COATS CFO (LEFT 3/22) 50.00 X 309718 0 75645 KATIE LETO INTERIM CFO 50.00 X 129414 0 16403 DR LAURA LEATHERS ASST. HOS FOR ACADEMIC AFFAIRS 50.00 X 247308 0 59988 JESSICA EPPERSON DIR OF DEVELOPMENT AND STRATEGIC INI 50.00 X 222049 0 70108 JOAN GUZMAN CHIEF OPERATIONS OFFICER 50.00 X 188938 0 24671 LISA CULBERTSON HEAD OF UPPER SCHOOL 50.00 X 189902 0 37768 BARBARA FISHEL DEAN OF STUDIES 50.00 X 180504 0 27406 DEBORAH SURGI DIRECTOR OF ATHLETICS 50.00 X 175751 0 21294 TIFFANY NELSON DIRECTOR OF ADMISSIONS 50.00 X 174639 0 66837 MALEE RANDALL RHODUS HEAD OF LOWER SCHOOL 50.00 X 168437 0 93839 2751913 0 577088 36 0 1 0 TURNER CONSTRUCTION COMPANY 10100 N CENTRAL EXPRESSWAY SUITE DALLAS TX 75231 CONSTRUCTION 2006393 SAGE DINING SERVICES INC 1402 YORK RD LUTHERVILLE MD 21093 DINING SERVICES 1753858 LEE LEWIS CONSTRUCTION INC 17177 PRESTON RD SUITE 160 DALLAS TX 75248 CONSTRUCTION 524582 HELLMUTH OBATA & KASSABAUM INC 3200 SOUTHWEST FREEWAY SUITE 900 HOUSTON TX 77027 ARCHITECT SERVICES 450490 SCHWARTZ HANNUM PC 11 CHESNUT STREET ANDOVER MA 01810 LEGAL AND CONSULTING 406973 10 331056 18570303 2292629 18901359 TUITION & FEES 611110 34128300 34128300 BOARDING & LUNCH 721310 3022200 3022200 EDUCATIONAL FEES 611110 1626091 1626091 EXTENDED SERVICES 611710 363873 363873 APPLICATIONS, SERVICE 900999 118621 118621 30659 30659 39289744 891857 -27340 919197 30795 17292 13503 13503 13503 25395623 6935 24588043 0 807580 6935 814515 65508 749007 908462 331056 403860 504602 504602 115350 50000 65350 65350 611543 497160 114383 14770 99613 CHILD DEVELOPMENT CNTR 611110 598511 598511 PLAN REVENUE CREDIT 900999 66187 66187 MISC REWARDS & REBATES 900999 21451 21451 686149 61281462 39888255 52938 2438910 2951371 2951371 181035 181035 3141009 177301 2725242 238466 21931543 19241200 1841440 848903 1429184 1189817 169870 69497 2788614 2358804 175534 254276 1584740 1306195 212037 66508 658587 658587 62000 62000 816784 816784 321240 319422 1818 356697 261860 94837 203776 110710 50616 42450 548894 548894 1048800 891480 104880 52440 15575 7106 8469 322071 179022 110950 32099 456598 388108 45660 22830 4751199 4038519 475120 237560 684298 684298 INSTRUCTIONAL SUPPORT 4572457 4572457 MAINTENANCE & GROUNDS 1816999 1128764 197563 490672 SUMMER SCHOOL 928366 928366 RESIDENCE/ADMISSIONS 173443 48400 125043 481233 14894 397829 68510 52226513 40255337 9441841 2529335 2651 1846 53386588 65479981 1581649 5117437 131935 424580 368086 252965 321444 472198 141941694 70972114 71469451 70969580 71068927 71457086 120543234 101878613 9048993 11378159 327922958 327432445 5114308 6432861 34318197 36236711 9945274 9009821 2365204 1400757 590339 649445 52333322 53729595 X 109980854 108845641 165608782 164857209 275589636 273702850 327922958 327432445 X 9054949 -10761097 -180638 X X 0 1 X 1 0 X 7450278 7304839 6239188 24210160 18901359 64105824 7450278 7304839 6239188 24210160 18901359 64105824 30655566 33450258 1079630 1078820 911771 1262416 922652 5255289 255392 199287 144616 337563 14770 951628 1781208 1160680 992106 626517 2054049 6614560 76927301 186534077 0.43480 0.42230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING REVENUE - 2017 AMOUNT: $ 593,672. 2018 AMOUNT: $ 608,640. 2019 AMOUNT: $ 534,444. 2020 AMOUNT: $ 153,190. 2021 AMOUNT: $ 1,239,518. GAMING REVENUE - 2017 AMOUNT: $ 37,800. 2018 AMOUNT: $ 52,800. 2019 AMOUNT: $ 46,285. 2020 AMOUNT: $ 64,700. 2021 AMOUNT: $ 115,350. GROSS SALES OF INVENTORY - 2017 AMOUNT: $ 458,157. 2018 AMOUNT: $ 451,394. 2019 AMOUNT: $ 395,065. 2020 AMOUNT: $ 370,897. 2021 AMOUNT: $ 611,543. RECOVERY OF BAD DEBT - 2017 AMOUNT: $ 641,581. 2018 AMOUNT: $ 36,224. OTHER REVENUE - 2017 AMOUNT: $ 49,998. 2018 AMOUNT: $ 3,948. 2021 AMOUNT: $ 66,187. VENDING MACHINE REVENUE - 2019 AMOUNT: $ 6,671. CREDIT CARD REBATES - 2018 AMOUNT: $ 7,674. 2019 AMOUNT: $ 9,641. 2020 AMOUNT: $ 37,730. 2021 AMOUNT: $ 21,451. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 817261 X 0 191614736 1414258 -9795607 1639279 6167050 24638 175402420 156582237 1165452 41564544 1609654 6044578 43265 191614736 164093519 2860357 -2730058 1627641 5936007 77933 156582237 162907938 2305965 6433194 1590637 5940948 21993 164093519 152845705 6800462 9944816 1528685 4631629 522731 162907938 0.24970 0.30950 0.44080 0 0 357723 357723 117552079 55868997 61683082 5227878 3570635 1657243 18804014 11532482 7271532 70969580 GLOBAL EQUITY 40658972 F ABSOLUTE RETURN 35713130 F PRIVATE EQUITY 14972784 F REAL ASSETS 10533727 F 101878613 ASSET RETIREMENT OBLIGATION 468005 DEFERRED COMPENSATION 181440 649445 X 47537941 -10761097 129092 1018312 -9613693 57151634 816784 3313044 4129828 61281462 49424727 129092 1018312 1147404 48277323 816784 3132406 3949190 52226513 PART III, LINE 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. 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 ENDOWMENT INVESTMENT POLICY REDUCES THE ENDOWMENT DRAW SPENDING POLICY BY TEN BASIS POINTS EACH YEAR OVER A FIVE YEAR PERIOD: FROM 5.0% IN 2016 TO 4.5% IN 2021 AND REMAINS AT 4.5% FOR EACH YEAR THEREAFTER. ACCORDINGLY, THE CURRENT SPENDING POLICY FOR 2022 AND 2021 IS A MAXIMUM OF 4.5% OF A THREE-YEAR MOVING AVERAGE MARKET VALUE OF THE TOTAL ENDOWMENT FUND ASSETS WITH THE EXCEPTION OF A SPECIFIC ENDOWMENT WHICH HAS DONOR RESTRICTIONS LIMITING SPENDING TO 4.0%. 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. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2022 AND 2021, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT TAX POSITIONS FOR WHICH A RESERVE WOULD BE CONSIDERED NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL ACTIVITY EXPENSES 17,292. FUNDRAISING EVENT EXPENSES 453,860. COST OF GOODS SOLD 547,160. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE IN SPLIT-INTEREST AGREEMENT -9,696. PROVISION FOR UNCOLLECTIBLE PLEDGES 190,334. FINANCIAL AID 3,132,406. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL ACTIVITY EXPENSES 17,292. FUNDRAISING EVENT EXPENSES 453,860. COST OF GOODS SOLD 547,160. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,132,406. 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 PUBLISHES ITS NONDISCRIMINATORY POLICY, WHICH INCLUDES RACIAL ASPECTS, IN THE EDUCATION ISSUE OF THE DALLAS MORNING NEWS AT LEAST TWICE ANNUALLY. IN ADDITION, THE POLICY IS PRINTED ON ALL ADMISSION MATERIALS. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 35094630 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 55800 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 25663 SOUTH ASIA 0 0 GRANTMAKING STUDENT FINANCIAL AID 32800 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDENT FINANCIAL AID 17500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING STUDENT FINANCIAL AID 49272 0 0 0 0 0 0 35275665 0 35275665 0 0 FINANCIAL AID/SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2 0 55800 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP SUB-SAHARAN AFRICA 1 0 25663 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 1 0 49272 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP SOUTH ASIA 1 0 32800 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 0 17500 CREDIT APPLIED TO STUDENT ACCOUNT FMV 1 0 1 1 1 0 PART I, LINE 2: GRANTS ARE GIVEN TO FOREIGN INDIVIDUALS FOR SCHOOLING IN THE U.S. THEREFORE, THE USE OF THE FUNDS IS WITH THE GRANTMAKING ORGANIZATION. PART III ACCOUNTING METHOD: HPA BENEFIT 1239518 331056 908462 90031 5142 308687 1239518 331056 908462 90031 5142 308687 403860 504602 115350 50000 1 0.75000 115350 50000 50000 65350 TX 0 THE ONLY GAMING ACTIVITIES OF THE HOCKADAY SCHOOL ARE RAFFLES GOVERNED BY THE TEXAS CHARITABLE RAFFLE ENABLING ACT. THE SCHOOL ADHERES TO THIS ACT. 0 1 0 1.00000 KATIE LETO 11600 WELCH ROAD DALLAS TX 75229 0 ELIZA CAREY 200 PREPARE W-2G FORMS; SUPERVISE DEPOSITS AND AWARDS. X 0 1 0 0 FINANCIAL AID 142 2951371 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 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 ARE GIVEN TO STUDENTS AS A REDUCTION IN THEIR TUITION AND FEES. THE AID IS AWARDED OBJECTIVELY AND IN A NON-DISCRIMINATORY MANNER. X X 1 1 X X X 0 1 0 0 0 0 0 1 0 DR KAREN COLEMAN HEAD OF SCHOOL 513858 0 100000 0 151395 0 59362 0 23767 0 848382 0 0 0 JT COATS CFO (LEFT 3/22) 308741 0 0 0 977 0 23200 0 52445 0 385363 0 0 0 DR LAURA LEATHERS ASST. HOS FOR ACADEMIC AFFAIRS 243632 0 0 0 3676 0 17850 0 42138 0 307296 0 0 0 JESSICA EPPERSON DIR OF DEVELOPMENT AND STRATEGIC INI 220582 0 0 0 1467 0 15734 0 54374 0 292157 0 0 0 MALEE RANDALL RHODUS HEAD OF LOWER SCHOOL 167298 0 0 0 1139 0 14717 0 79122 0 262276 0 0 0 TIFFANY NELSON DIRECTOR OF ADMISSIONS 174044 0 0 0 595 0 12789 0 54048 0 241476 0 0 0 LISA CULBERTSON HEAD OF UPPER SCHOOL 189246 0 0 0 656 0 13973 0 23795 0 227670 0 0 0 JOAN GUZMAN CHIEF OPERATIONS OFFICER 187596 0 0 0 1342 0 13301 0 11370 0 213609 0 0 0 BARBARA FISHEL DEAN OF STUDIES 176733 0 0 0 3771 0 14572 0 12834 0 207910 0 0 0 DEBORAH SURGI DIRECTOR OF ATHLETICS 173237 0 0 0 2514 0 12237 0 9057 0 197045 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES THE HEAD OF SCHOOL A DISCRETIONARY BUDGET FOR SCHOOL-RELATED EXPENSES. ALL EXPENSES RUN THROUGH THE NORMAL EXPENSE PROCESS AND REQUIRE THE APPROPRIATE SUBSTANTIATION. IRS INSTRUCTION TO FORM 990 REQUIRE THAT A HOUSING ALLOWANCE PROVIDED TO EMPLOYEES BY THEIR EMPLOYER BE REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II (WHETHER OR NOT THE VALUE IS DEEMED TAXABLE). THE HEAD OF SCHOOL AND ASSISTANT HEAD OF SCHOOL FOR ACADEMIC AFFAIRS RECEIVE A HOUSING ALLOWANCE PER CONTRACT ($120,000 AND $2,000 DURING CALENDER YEAR 2021, RESPECTIVELY). THE SCHOOL HAS DETERMINED THAT THE HOUSING ALLOWANCE IS TAXABLE AND HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN B (III). PART I, LINE 4B THE HEAD OF THE SCHOOL PARTICIPATES IN 457 (F) AND 457(B) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS OF THE SCHOOL. THE SCHOOL CONTRIBUTED $16,550 TO PLAN 457(F) DURING CALENDER YEAR 2021. THE SCHOOL CONTRIBUTED $19,500 TO THE 457(B) PLAN DURING CALENDAR YEAR 2021. PART I, LINE 7 THE HEAD OF SCHOOL RECEIVED A DISCRETIONARY BONUS OF $50,000 REPORTED IN PART II, COLUMN B(II). THE AMOUNT WAS DETERMINED BY THE COMPENSATION AND REVIEW COMMITTEE. A RED RIVER EDUCATION FINANCE CORPORATION 752791247 756872JV0 2015-04-23 15434976 CURRENT REFUNDING OF SER 2005 BOND 0 0 0 A 13333968 15434976 180283 15254693 2015 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 KEVIN LEATHERS SPOUSE OF LAURA LEATHERS - KEY EMPLOYEE 17160 EMPLOYMENT 0 X 4 14552 FMV X 1180 FMV X 26039 FMV X 1 50000 FMV X 1 7600 FMV X 18 1945446 FMV X 9 15125 FMV X 6 9192 FMV X SPECIAL EVENTS 31 223495 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE BOARD, CHAIRS OF OTHER STANDING COMMITTEES, SUBJECT TO EXCEPTIONS, AND UP TO THREE AT LARGE MEMBERS APPOINTED BY THE CHAIR OF THE BOARD. THE BOARD DELEGATES TO THE EXECUTIVE COMMITTEE ALL POWERS AND DUTIES OF THE BOARD, EXCEPT THOSE POWERS AND DUTIES WHICH ARE EXPRESSLY RESERVED TO THE FULL BOARD. INCLUDED IN SUCH DELEGATED POWERS IS THE POWER TO COMPROMISE, SETTLE, AND DEFEND AGAINST ANY AND ALL DISPUTES, CLAIMS, AND LAWSUITS, SUBJECT TO THE POLICIES OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL CONDUCT THE BUSINESS OF THE SCHOOL AND OVERSEE THE WORK OF COMMITTEES BETWEEN MEETINGS OF THE FULL BOARD. SPECIFIC RESPONSIBILITIES INCLUDE, BUT ARE NOT LIMITED TO: MONITORING THE SCHOOLS PROGRESS RELATIVE TO THE STRATEGIC PLAN, SETTING GOALS FOR THE BOARD AND PROVIDES FEEDBACK TO THE HEAD OF SCHOOL AND COMPENSATION COMMITTEE WHO APPROVES THE HEAD OF SCHOOL GOALS, MONITORING THE BOARDS PROGRESS TOWARD ITS ANNUAL GOALS, MONITORING AND REVIEWING THE PROGRESS OF THE HEAD OF SCHOOL AGAINST ESTABLISHED GOALS, AND REVIEWING ALL POLICY RECOMMENDATIONS PRIOR TO PRESENTATION TO THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 2 LYDA HILL AND NICOLE GINSBERG SMALL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE MANAGEMENT OF THE SCHOOL WITH THE ASSISTANCE OF ARMANINO LLP, INDEPENDENT TAX ADVISORS. THE FORM 990 AND ALL OF THE REQUIRED SCHEDULES ARE PRESENTED TO THE AUDIT & ETHICS COMMITTEE, CONSISTING OF NOT LESS THAN FOUR MEMBERS. THE AUDIT & ETHICS COMMITTEE THEN REVIEWS THE DRAFT FORM 990 WITH MANAGEMENT OF THE SCHOOL AND ARMANINO LLP. ONCE THE DRAFT IS FINALIZED, IT IS DISTRIBUTED TO THE BOARD MEMBERS VIA EMAIL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO THE MAY (FINAL) BOARD MEETING. THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE DISTRIBUTED TO THE LEADERSHIP TEAM DURING THE SAME TIME FRAME. THE LEADERSHIP TEAM IS EXPECTED TO ATTEND THE BOARD MEETINGS, BUT OCCASIONAL CONFLICTS DO OCCUR. THE QUESTIONNAIRES ARE RETURNED TO THE OFFICE OF THE CFO AND ARE REVIEWED FOR ANY CONFLICTS. IN ADDITION, THE DIRECTOR OF FINANCE AND THE 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. A PERSON FOUND TO HAVE A CONFLICT OF INTEREST SHALL NOT BE INVOLVED IN THE DISCUSSION OF OR VOTE ON THE TRANSACTION OR ARRANGEMENT GIVING RISE TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE SETS THE COMPENSATION FOR THE HEAD OF SCHOOL. THE COMPENSATION COMMITTEE IS COMPRISED OF THE CHAIR 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 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). HE OR SHE USES SIMILAR COMPARABLE DATA FROM NAIS TO DETERMINE SALARY LEVELS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS. CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE IN SPLIT-INTEREST AGREEMENT 9,696. PROVISION FOR UNCOLLECTIBLE PLEDGES -190,334. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.