2022-04-08T16:40:36-05:00 2021-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2020-07-01 750800650 HOCKADAY SCHOOL HOCK 2143636311 11600 WELCH RD DALLAS TX 75229 KATIE LETO ACTING CFO 2143606505 2022-05-15 1 KATIE LETO 999009999 MATTHEW PETROSKI P00853132 9257902600 2022-04-05 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHRYN WALKER FRANCIS 11600 WELCH RD DALLAS TX 75229 107568649 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 45 425 1155 340475 330172 6239188 24210160 36705159 36150609 1504902 1179137 454540 797225 44903789 62337131 3158668 2887380 0 0 28220582 28225831 0 0 1952939 15866166 16005790 47245416 47119001 -2341627 15218130 272477793 327922958 52945508 52333322 219532285 275589636 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 37069810 2887380 36150609 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 1,105 DAY STUDENTS AND 0 RESIDENCE STUDENTS FOR THE 2020-2021 ACADEMIC YEAR. IN ADDITION, THE SCHOOL PROVIDED EDUCATIONAL PROGRAMS IN THE SUMMER AND AFTER SCHOOL. 37069810 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 1 152 0 1 425 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 X KATIE LETO ACTING CFO 2143636311 11600 WELCH ROAD DALLAS TX 75229 KATHRYN WALKER FRANCIS CHAIR 15.00 X X 0 0 0 SHANNON SAALFIELD THOMPSON VICE CHAIR 5.00 X X 0 0 0 RICK O'BRIEN EXECUTIVE COMMITTEE 5.00 X X 0 0 0 KATHY CROW TREASURER 15.00 X X 0 0 0 NEELESH MEHENDALE SECRETARY 3.00 X X 0 0 0 BARBARA GLAZER ROSENBLATT IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 NICOLE GINSBURG SMALL CHAIR ELECT 3.00 X X 0 0 0 WASAN ALFALAHI TRUSTEE 3.00 X 0 0 0 MARY ANNE ALHADEFF TRUSTEE 3.00 X 0 0 0 SAMANTHA ACKERMAN ASCH TRUSTEE 3.00 X 0 0 0 KEITH BENEDICT TRUSTEE 3.00 X 0 0 0 ELIZABETH BENNETT TRUSTEE 3.00 X 0 0 0 CARLA BOLDEN TRUSTEE 3.00 X 0 0 0 SHONN BROWN TRUSTEE 3.00 X 0 0 0 DAVID A CAMPBELL TRUSTEE 3.00 X 0 0 0 TAJ CLAYTON TRUSTEE 3.00 X 0 0 0 JOHN DONOVAN 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 ELIZABETH CULLUM HELFRICH 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 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 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 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 JENNA BRASCH WOODBERRY 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 PAULA MOSLE LIFE TRUSTEE (LEFT 8/20) 1.00 X 0 0 0 EDITH JONES O'DONNELL LIFE TRUSTEE (LEFT 11/20) 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 686561 0 77030 JT COATS CHIEF FINANCIAL OFFICER 50.00 X 298444 0 75323 DR LAURA LEATHERS ASST. HOS FOR ACADEMIC AFFAIRS 50.00 X 167331 0 33450 JOAN GUZMAN CHIEF OPERATIONS OFFICER 50.00 X 183014 0 16561 JESSICA EPPERSON DIR OF DEVELOPMENT AND STRATEGIC INITIATIVES 50.00 X 241379 0 49168 BARBARA FISHEL DEAN OF STUDIES 50.00 X 246977 0 29092 LINDA KRAMER FORMER HEAD OF MIDDLE SCHOOL 50.00 X 192153 0 27633 LISA CULBERTSON HEAD OF UPPER SCHOOL 50.00 X 181957 0 35255 DEBORAH SURGI DIRECTOR OF ATHLETICS 50.00 X 169699 0 20155 MALEE RANDALL RHODUS HEAD OF LOWER SCHOOL 50.00 X 162980 0 86953 2530495 0 450620 37 0 1 0 SAGE DINING SERVICES INC 1402 YORK RD LUTHERVILLE MD 210936018 DINING SERVICES 1845396 LEE LEWIS CONSTRUCTION INC 17177 PRESTON RD SUITE 160 DALLAS TX 75248 CONSTRUCTION 1431086 TURNER CONSTRUCTION COMPANY 10100 N CENTRAL EXPRESSWAY SUITE DALLAS TX 75231 CONSTRUCTION 837516 SUPREME SYSTEMS INC PO BOX 619135 DALLAS TX 752619135 ROOFING MAINTENANCE AND REPAIRS 462686 PETERSON RUDGERS GROUP LLC PO BOX 96 SCHNEIDER IN 463760096 CONSULTING SERVICES 362307 14 69485 24140675 19075510 24210160 TUITION & FEES 611110 32335123 32335123 BOARDING & LUNCH 721310 2594200 2594200 EDUCATIONAL FEES 611110 807824 807824 EXTENDED SERVICES 611710 279326 279326 APPLICATIONS, SERVICE 900099 100449 100449 33687 33687 36150609 1252716 -19881 1272597 9700 7232 2468 2468 2468 44862482 265 44935564 762 -73082 -497 -73579 358497 -432076 83705 69485 50199 33506 33506 64700 50000 14700 14700 370897 187761 183136 1859 181277 CHILD DEVELOPMENT CNTR 611110 525685 525685 MISC REWARDS & REBATES 900099 37730 37730 563415 62337131 36150609 340475 1635887 2687980 2687980 199400 199400 2005126 154874 1629482 220770 20681869 18231311 1639087 811471 1377809 1153428 165460 58921 2706417 2376073 207700 122644 1454610 1217745 174494 62371 554254 554254 91485 91485 656789 656789 744811 738453 6358 245457 150181 95276 155751 83671 33374 38706 351579 351579 1013369 861364 101337 50668 400771 193771 180758 26242 501206 426025 50121 25060 4652146 3954324 465215 232607 667270 667270 INSTRUCTIONAL SUPPORT 3665627 3665627 MAINTENANCE & GROUNDS 1310554 1027528 143626 139400 SUMMER SCHOOL 433255 433255 RESIDENCE/ADMISSIONS 132666 37971 94695 428800 13884 352471 62445 47119001 37069810 8096252 1952939 X 2480 2651 21160403 53386588 1926458 1581649 4665313 131935 146260 368086 445098 321444 139429131 67959680 70292181 71469451 49777852 71068927 101785407 120543234 22276341 9048993 272477793 327922958 5236415 5114308 32790059 34318197 10835727 9945274 3563949 2365204 519358 590339 52945508 52333322 X 98605708 109980854 120926577 165608782 219532285 275589636 272477793 327922958 X 15218130 40945463 -106242 X X 0 1 X 1 0 X 5292444 7450278 7304839 6239188 24210160 50496909 5292444 7450278 7304839 6239188 24210160 50496909 22900336 27596573 1934233 1079630 1078820 911771 1262416 6266870 255392 199287 144616 337563 936858 1452729 2128098 1522128 1394836 1152202 7649993 65350630 178640727 0.42230 0.50500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING REVENUE - 2016 AMOUNT: $ 641,655. 2017 AMOUNT: $ 593,672. 2018 AMOUNT: $ 608,640. 2019 AMOUNT: $ 534,444. 2020 AMOUNT: $ 153,190. GAMING REVENUE - 2016 AMOUNT: $ 41,950. 2017 AMOUNT: $ 37,800. 2018 AMOUNT: $ 52,800. 2019 AMOUNT: $ 46,285. 2020 AMOUNT: $ 64,700. GROSS SALES OF INVENTORY - 2016 AMOUNT: $ 469,902. 2017 AMOUNT: $ 458,157. 2018 AMOUNT: $ 451,394. 2019 AMOUNT: $ 395,065. 2020 AMOUNT: $ 370,897. CHILD DEVELOPMENT CENTER - 2016 AMOUNT: $ 299,222. 2017 AMOUNT: $ 346,890. 2018 AMOUNT: $ 361,448. 2019 AMOUNT: $ 402,730. 2020 AMOUNT: $ 525,685. RECOVERY OF BAD DEBT - 2017 AMOUNT: $ 641,581. 2018 AMOUNT: $ 36,224. OTHER REVENUE - 2017 AMOUNT: $ 49,998. 2018 AMOUNT: $ 3,948. VENDING MACHINE REVENUE - 2019 AMOUNT: $ 6,671. CREDIT CARD REBATES - 2018 AMOUNT: $ 7,674. 2019 AMOUNT: $ 9,641. 2020 AMOUNT: $ 37,730. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 805484 X 0 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 136348061 8341815 15990722 1521617 5907282 405994 152845705 0.24710 0.30680 0.44610 0 0 357723 357723 117300348 52202131 65098217 6236851 4644620 1592231 15534209 11112929 4421280 71469451 GLOBAL EQUITY 62298853 F ABSOLUTE RETURN 38120470 F PRIVATE EQUITY 10754300 F REAL ASSETS 9369611 F 120543234 ASSET RETIREMENT OBLIGATION 450883 DEFERRED COMPENSATION 139456 590339 X 99934375 40945463 57000 245192 41247655 58686720 656789 2993622 3650411 62337131 43877024 57000 245192 302192 43574832 656789 2887380 3544169 47119001 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 FOR EACH YEAR THEREAFTER. ACCORDINGLY, THE CURRENT SPENDING POLICY FOR 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, 2021 AND 2020, 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 7,232. FUNDRAISING EVENT EXPENSES 50,199. COST OF GOODS SOLD 187,761. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE IN SPLIT-INTEREST AGREEMENT 32,807. PROVISION FOR UNCOLLECTIBLE PLEDGES 73,435. FINANCIAL AID 2,887,380. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL ACTIVITY EXPENSES 7,232. FUNDRAISING EVENT EXPENSES 50,199. COST OF GOODS SOLD 187,761. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,887,380. 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 37671101 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 49000 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 39200 SOUTH ASIA 0 0 GRANTMAKING STUDENT FINANCIAL AID 31400 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDENT FINANCIAL AID 16000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING STUDENT FINANCIAL AID 63800 0 0 0 0 0 0 37870501 0 37870501 FINANCIAL AID/SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2 49000 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP SUB-SAHARAN AFRICA 3 39200 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 2 63800 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP SOUTH ASIA 1 31400 CREDIT APPLIED TO STUDENT ACCOUNT FMV FINANCIAL AID/SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 16000 CREDIT APPLIED TO STUDENT ACCOUNT FMV 1 0 1 1 0 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 153190 69485 83705 8442 13580 28177 153190 69485 83705 8442 13580 28177 50199 33506 64700 50000 1 0.75000 64700 50000 50000 14700 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 KATIE LETO 200 PREPARE W-2G FORMS; SUPERVISE DEPOSITS AND AWARDS. X 0 1 0 0 FINANCIAL AID 145 2687980 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 0 0 DR KAREN COLEMAN HEAD OF SCHOOL 486988 0 50000 0 149573 0 55699 0 21331 0 763591 0 0 0 JT COATS CHIEF FINANCIAL OFFICER 297447 0 0 0 997 0 22800 0 52523 0 373767 0 0 0 JESSICA EPPERSON DIR OF DEVELOPMENT AND STRATEGIC INI 214937 0 25000 0 1442 0 0 0 49168 0 290547 0 0 0 BARBARA FISHEL DEAN OF STUDIES 207865 0 0 0 39112 0 16908 0 12184 0 276069 0 0 0 MALEE RANDALL RHODUS HEAD OF LOWER SCHOOL 161452 0 0 0 1528 0 14218 0 72735 0 249933 0 0 0 LINDA KRAMER FORMER HEAD OF MIDDLE SCHOOL 189358 0 0 0 2795 0 15378 0 12255 0 219786 0 0 0 LISA CULBERTSON HEAD OF UPPER SCHOOL 181326 0 0 0 631 0 13499 0 21756 0 217212 0 0 0 DR LAURA LEATHERS ASST. HOS FOR ACADEMIC AFFAIRS 137398 0 0 0 29933 0 9877 0 23573 0 200781 0 0 0 JOAN GUZMAN CHIEF OPERATIONS OFFICER 182416 0 0 0 598 0 12852 0 3709 0 199575 0 0 0 DEBORAH SURGI DIRECTOR OF ATHLETICS 167862 0 0 0 1837 0 11769 0 8386 0 189854 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 $14,000 DURING CALENDER YEAR 2020, 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 $14,310 TO PLAN 457(F) DURING CALENDER YEAR 2020. THE SCHOOL CONTRIBUTED $19,500 TO THE 457(B) PLAN DURING CALENDAR YEAR 2020. A RED RIVER EDUCATION FINANCE CORPORATION 752791247 756872JV0 2015-04-23 15434976 CURRENT REFUNDING OF SER 2005 BOND 0 0 0 A 10736984 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 11525 EMPLOYMENT 0 X 1 50000 FMV X 12 19024910 FMV X 1 600 FMV 0 0 0 PART I, COLUMN (B): THE NUMBERS IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1 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 X, COLUMN A CERTAIN PRIOR YEAR AMOUNTS HAVE BEEN RECLASSIFIED FOR CONSISTENCY WITH THE CURRENT YEAR PRESENTATION. TOTAL NET ASSETS AND CHANGE IN NET ASSETS ARE UNCHANGED DUE TO THESE RECLASSIFICATIONS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE IN SPLIT-INTEREST AGREEMENT -32,807. PROVISION FOR UNCOLLECTIBLE PLEDGES -73,435. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.