2019-04-15T08:10:21-05:00 2018-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2017-07-01 131740452 HACKLEY SCHOOL % PETER MCANDREW C/O HACKLEY HACK 9146310128 293 BENEDICT AVENUE TARRYTOWN NY 10591 PETER MCANDREW DIRECTOR OF FINANCE 9146310128 2019-04-15 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220191055000086 2019-04-15 P 45A53ABA3C8FB34A8A5CF5610FD815000D7E05EB 6DE627A2993BB1039CD2ECF0C883BE12F6325C78 2017 2019-02-21 02:37:17Z michael wirtz co HACKLEY 293 BENEDICT AVENUE TARRYTOWN NY 10591 67038210 false X WWW.HACKLEYSCHOOL.ORG X 1900 NY THE SCHOOL IS AN INDEPENDENT, College-Preparatory School for boys and girls in kindergarten through THE 12TH GRADE. 22 21 361 10 374497 98673 9697309 6652512 35566207 37098461 4349908 936085 369739 465887 49983163 45152945 6353519 6964108 0 0 24871696 25244944 0 0 1378844 11391456 13566294 42616671 45775346 7366492 -622401 212842119 214796000 32954046 31676235 179888073 183119765 THE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL FOR BOYS AND GIRLS IN KINDERGARTEN THROUGH THE 12TH GRADE. false false 39318815 6964108 36604090 INSTRUCTION AND RELATED COSTS - INCLUDES ALL COSTS ASSOCIATED WITH INSTRUCTION OF 846 STUDENTS. THE SCHOOL OFFERS FINANCIAL AID GRANTS TO QUALIFIED STUDENTS. 303732 494371 AUXILIARY ACTIVITIES INCLUDE SERVICES INDIRECTLY RELATED TO INSTRUCTION SUCH AS STUDENT ACTIVITIES EXPENSES, MUSIC INSTITUTE, DRIVERS EDUCATION, ETC., AS WELL AS SUMMER PROGRAMS AND FACILITIES RENTAL ACTIVITIES. 39622547 true true false false false false true false false true true false false false true true true false true false true false false false false false false false true true true false false false false false true false false false false true false false false false true false false false true 130 0 true 361 true true true false false false false true true false false true false X 22 21 false false false false false false false true true false false true true true true true true true true false X PETER MCANDREW CO HACKLEY 9146310128 293 BENEDICT AVENUE TARRYTOWN NY 10591 JOHN C CANONI PRESIDENT 4.0 0.0 X X 0 0 0 SY STERNBERG VICE PRESIDENT 3.0 0.0 X X 0 0 0 JOHN R TORELL IV TREASURER 2.0 0.0 X X 0 0 0 MARIA A DOCTERS SECRETARY 1.0 0.0 X X 0 0 0 DAVID A BERRY TRUSTEE 1.0 0.0 X 0 0 0 SHERRY BLOCKINGER TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER P BOGART TRUSTEE 1.0 0.0 X 0 0 0 ROGER G BROOKS TRUSTEE 1.0 0.0 X 0 0 0 THOMAS A CAPUTO TRUSTEE 1.0 0.0 X 0 0 0 H RODGIN COHEN TRUSTEE 1.0 0.0 X 0 0 0 DAWN N FITZPATRICK TRUSTEE 1.0 0.0 X 0 0 0 ERIC B GYASI TRUSTEE 1.0 1.0 X 0 0 0 JASON J HOGG TRUSTEE 1.0 0.0 X 0 0 0 LINDA HOLDEN-BRYANT TRUSTEE 1.0 0.0 X 0 0 0 KAVEH KHOSROWSHAHI TRUSTEE 1.0 0.0 X 0 0 0 KEITH R KROEGER TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL H LOWRY TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY D MATLACK TRUSTEE 1.0 0.0 X 0 0 0 HARVINDER Sandhu MD TRUSTEE 1.0 0.0 X 0 0 0 JUMAANE SAUNDERS TRUSTEE 1.0 0.0 X 0 0 0 SARAH UNGER TRUSTEE 1.0 0.0 X 0 0 0 PAMELA GALLIN YABLON MD TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL WIRTZ HEAD OF SCHOOL 50.0 0.0 X 337789 0 40102 PETER MCANDREW DIR. OF FIN. & CAMPUS PLANNING 40.0 0.0 X 322825 0 101931 ANNE E BURNS DIRECTOR OF LOWER SCHOOL 40.0 0.0 X 224183 0 43189 PHILIP J VARIANO ASSOCIATE HEADMASTER 40.0 0.0 X 209128 0 42050 JOHN P GANNON DIRECTOR OF DEVELOPMENT 40.0 0.0 X 192711 0 40035 ANDREW M KING DIRECTOR OF UPPER SCHOOL 40.0 0.0 X 166521 0 38513 STEVEN BILECA ASSISTANT HEADMASTER 40.0 0.0 X 154082 0 31837 CHRISTOPHER MCCOLL DIRECTOR OF ADMISSIONS 40.0 0.0 X 146247 0 31837 ERICH TUSCH Director of Tech Curriculum 40.0 0.0 X 133653 0 10667 1887139 0 380161 39 false true false ARCHITECTURAL RESOURCES CAMBRIDGE 501 BOYLSTON STREET SUITE 4101 BOSTON MA 02116 ARCHITECT 468885 VP BUSES LLC DBA SUPERTRANS 60 ALEXANDER STREET YONKERS NY 10701 TRANSPORTATION 604728 PETER GISOLFI ASSOCIATES 566 WARBURTON AVENUE HASTINGSONHUDSON NY 10706 ARCHITECT 190971 CONSIGLI CONSTRUCTION NY LLC 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12559 CONSTRUCTION 17311234 RUSSELL INVESTMENTS 1301 SECOND AVENUE 18TH FLOOR SEATTLE WA 98101 INVEST. MGMT. FEES 314103 8 233125 438658 5980729 1524396 6652512 TUITION AND FEES 611710 36604090 36604090 AUXILIARY ACTIVITIES 532000 494371 494371 37098461 1385784 1385784 0 0 683041 213433 469608 0 469608 374497 95111 21195387 21645086 -449699 -449699 -449699 0 0 0 0 0 0 23025 26746 -3721 -3721 0 45152945 37098461 374497 1027475 0 6964108 6964108 0 0 1321197 1143614 130589 46994 0 17552662 15193400 1734934 624328 1914848 1632649 227425 54774 2806558 2429039 277617 99902 1649679 1427776 163181 58722 0 175304 175304 78400 78400 0 0 339414 339414 0 0 881136 398562 413745 68829 0 0 1970095 1920825 37603 11667 53989 52639 1030 320 0 0 55761 55761 0 4027284 3221827 644365 161092 284456 277342 5429 1685 FOOD SERVICE 1458754 1395110 55170 8474 INSTRUCTIONAL SUPPLIES 2508468 2323257 182967 2244 ATHLETICS 624034 624034 MAINTENANCE 351412 342624 6707 2081 757787 275741 244314 237732 45775346 39622547 4773955 1378844 X 1000 1000 19711784 13209044 4612977 4056325 1453594 994025 0 7446 0 0 85398 62969 19132 18446 408528 468402 172443350 40450384 114821543 131992966 66904458 59800595 4460387 3851741 0 0 0 0 363318 333041 212842119 214796000 7850422 6035682 0 0 16464514 17563491 3800000 3485000 0 0 0 0 0 0 0 0 4839110 4592062 32954046 31676235 X 149015089 151486720 12854843 13371435 18018141 18261610 179888073 183119765 212842119 214796000 X -622401 2718586 675000 460507 X false true X true false X X 1 37.00 1 false 50.00 2000 true 41451755 313302 2512987 772143 277857 43228044 36084267 897162 5155326 501302 183698 41451755 39015740 937941 -2584414 825537 459463 36084267 36936652 1673856 1080232 475844 199156 39015740 32023731 1327407 4091514 358148 147852 36936652 0.36000 0.42000 0.22000 false false 7924241 7924241 137640414 26895089 110745325 11156577 9412289 1744288 15722118 4143006 11579112 131992966 0 OBLIGATIONS 4592062 4592062 X 41483188 2718586 675000 240179 3633765 37849423 339414 6964108 7303522 45152945 38794482 322658 322658 38471824 339414 6964108 7303522 45775346 SCHEDULE D - PART II, QUESTION 9 CONSERVATION EASEMENT: THE LAND OWNED BY THE SCHOOL IS INCLUDED IN THE SCHOOL'S BALANCE SHEET. THERE IS NO REVENUE AND MINIMAL EXPENSE ASSOCIATED WITH THE CONSERVATION EASEMENT, ACCORDINGLY, THERE IS NO FOOTNOTE DISCLOSURE REGARDING THE EASEMENT. SCHEDULE D - PART V, QUESTION 4 ENDOWMENT FUNDS: THE SCHOOL'S ENDOWMENT GENERATES A PREDICTABLE STREAM OF REVENUE THAT HELPS FUND ITS PROGRAMS, INCLUDING ITS FINANCIAL AID PROGRAM. SCHEDULE D - PART X, QUESTION 2 ASC 740 - INCOME TAXES: The School is subject to the provisions of the Financial Accounting Standards Board's Accounting Standards Codification Topic 740, "Income Taxes", as it relates to accounting and reporting for uncertainty in income taxes. The School pays unrelated business income tax relating to its rental activities; because the School has always recognized the liability related to this unrelated business income, and because of the School's general tax-exempt status, management believes ASC Topic 740 has not had, and is not expected to have, a material impact on the School's financial statements. SCHEDULE D - PART XI, QUESTION 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH REVENUE PER RETURN - REVENUE: INCLUDED IN TAX RETURN BUT INCLUDED WITH EXPENSES WITHIN FINANCIAL STATEMENTS: COST OF GOODS SOLD ($ 26,746) Rental expense ($213,433) __________ Total ($240,179) ========== SCHEDULE D - PART XI, QUESTION 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENT WITH REVENUE PER RETURN - REVENUE: INCLUDED IN AUDITED FINANCIAL STATEMENTS BUT NOT ON RETURN: ITEM NETTED WITH REVENUE IN FINANCIAL STATEMENTS: FINANCIAL AID: $6,964,108. SCHEDULE D - PART XII, QUESTION 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN: EXPENSES INCLUDED IN AUDITED FINANCIAL STATEMENTS BUT NOT INCLUDED IN EXPENSES ON RETURN: COST OF GOODS SOLD $ 26,746 Rental expense $213,433 Bad debt expense $ 82,479 ________ Total $322,658 ======== SCHEDULE D - PART XII, QUESTION 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN - EXPENSES: INCLUDED IN TAX RETURN BUT NOT IN FINANCIALS STATEMENTS: ITEM NETTED WITH REVENUE IN FINANCIAL STATEMENTS: FINANCIAL AID: $6,964,108. true true true true true true true false false false false false false false false true false true SCHEDULE E - PART I, QUESTION 3 NONDISCRIMINATORY POLICY: THE SCHOOL ANNUALLY PUBLISHES ITS NONDISCRIMINATION POLICY IN THE NEW YORK TIMES. SCHEDULE E - PART I, QUESTION 6A FINANCIAL AID: THE SCHOOL RECEIVES FUNDS FROM NEW YORK STATE FOR MANDATED SERVICES. Central America and the Caribbean Investments 3495939 3495939 3495939 false false false false false false SCHEDULE F - Part I, LINE 3, COLUMN (F) AMOUNTS REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. true Financial assistance 145 6964108 FMV Tuition Reduction SCHEDULE I - PART I, LINE 2 - Financial Aid Policy HACKLEY'S FINANCIAL AID OFFICE REVIEWS PARENTS' FINANCIAL STATEMENTS, INCLUDING INDIVIDUAL TAX RETURNS, AND AWARDS AID ON THE BASIS OF DEMONSTRATED NEED. X X true true X X false true false false false false false false false MICHAEL WIRTZ HEAD OF SCHOOL 337789 0 0 0 0 0 20250 0 19852 0 377891 0 0 0 PETER MCANDREW DIR. OF FIN. & CAMPUS PLANNING 322825 0 0 0 0 0 81811 0 20120 0 424756 0 0 0 ANNE E BURNS DIRECTOR OF LOWER SCHOOL 224183 0 0 0 0 0 23069 0 20120 0 267372 0 0 0 PHILIP J VARIANO ASSOCIATE HEADMASTER 209128 0 0 0 0 0 20724 0 21326 0 251178 0 0 0 JOHN P GANNON DIRECTOR OF DEVELOPMENT 192711 0 0 0 0 0 19915 0 20120 0 232746 0 0 0 ANDREW M KING DIRECTOR OF UPPER SCHOOL 166521 0 0 0 0 0 17187 0 21326 0 205034 0 0 0 STEVEN BILECA ASSISTANT HEADMASTER 154082 0 0 0 0 0 12168 0 19669 0 185919 0 0 0 CHRISTOPHER MCCOLL DIRECTOR OF ADMISSIONS 146247 0 0 0 0 0 12168 0 19669 0 178084 0 0 0 SCHEDULE J - PART I, LINES 1A AND 1B THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS, AS BOARDING STUDENTS RESIDE AT THE SCHOOL. SINCE THE HEAD OF SCHOOL'S HOME SERVES AS HIS PERMANENT RESIDENCE, PERSONAL USE OF THE HOME DOES OCCUR. THE SCHOOL ALSO PAYS FOR SPOUSAL TRAVEL WHILE THE HEAD OF SCHOOL REPRESENTS THE SCHOOL ON KEY INSTITUTIONAL TRAVEL OPPORTUNITIES. THE PROVISIONS FOR BOTH THE HOUSING REQUIREMENT AND SPOUSAL TRAVEL ARE CONTAINED IN THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL. Schedule J - PART I, Line 4b The School contributes to supplemental nonqualified retirement plans for THE director of finance. A COUNTY OF WESTCHESTER INDUSTRIAL DEVELOP AGENCY 521294265 957368FMO 2004-01-02 16000000 FINANCING RENOVATIONS false false false A 12515000 0 16000000 0 0 0 714662 274337 0 15285739 0 0 false false true true A false false false false 0 false false false true A false false false true true false 0 false 0 false false A JOHN C CANONI BOARD MEMBER PARENT LOAN X 7500 7446 false true true 7446 Schedule L, Part II, Line 1 During fiscal-year 2018, a Trustee applied for and was approved for a Parent Loan. This loan program is offered to all Upper School parents and is not dependent on financial aid status. X 57 643505 FMV X HOUSING PRJCT-MATERIALS 1 825000 FMV X TICKETS-SPORTING & OTHER EVENTS 5 13371 FMV X EqPMT/musical instruments 9 20724 FMV X FURNITURE 1 13900 FMV X COSTUMES 1 7896 FMV false true true SCHEDULE M - PART I, Line 32b The School uses TD Ameritrade to sell donated securities. FORM 990 - Part VI, Line 11B FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD AND THEN PRESENTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL, WITH COPIES BEING DISTRIBUTED IN ADVANCE. FORM 990 - Part VI, Line 12C Conflict of Interest Policy: The conflict of interest policy is distributed annually along with a declaration form to key personnel and administrators, as well as all trustees. The business office collects all declaration forms and prepares a memo of all known conflicts for the Chair of the Audit Committee, the Head OF SCHOOL, and the President of the Board to review. FORM 990 - Part VI, LINES 15A AND 15B Determining compensation: The Head OF SCHOOL sets compensation pools for all employees except for himself and the Director of Finance AND CAMPUS PLANNING. The Director of Finance AND CAMPUS PLANNING'S compensation is set by the Head OF SCHOOL, in consultation with the treasurer and chair of the finance committee. Compensation is based on comparable data obtained from peer institutions and an association of independent schools. The Head OF SCHOOL'S compensation is determined by the board of trustees' executive committee. An assessment of performance along with comparable data provided by peer schools are used to determine this compensation. The HEAD OF SCHOOL and Director of Finance AND CAMPUS PLANNING have written employment contracts. FORM 990 - PART VI, LINE 19 GOVERNING DOCUMENTS: THE School'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 - PART X, LINES 27, 28, AND 29 DURING FISCAL-YEAR 2018, THE SCHOOL CHOSE TO EARLY ADOPT ACCOUNTING STANDARDS UPDATE ("asu") NO.2016-14, PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. ASU 2016-14 AMENDS THE FINANCIAL STATEMENT PRESENTATION OF THE NET ASSET CLASSIFICATION FROM THE PREVIOUS CATEGORIES OF "UNRESTRICED", "TEMPORARILY RESTRICTED", AND "PERMANENTLY RESTRICTED" TO THE NEW CATEGORIES OF "WITHOUT DONOR RESTRICTIONS"WITH DONOR RESTRICTIONS". AS A RESULT, THE SCHOOL'S JUNE 30, 2018 FINANCIAL STATEMENTS REFLECT ASU 2016-14'S PRESENTATION OF THE NET ASSET CLASSIFICATIONS AS "WITHOUT DONOR RESTRICTIONS"WITH DONOR RESTRICTIONS". AS NOTED BY THE IRS IN THE INSTRUCTIONS TO THE FORM 990, PART X OF THE FORM WILL CONTINUE TO UTILIZE THE PREVIOUS CLASSIFICATION, AND THE IRS ACKNOWLEDGES THAT THOSE WHO HAVE ADOPTED ASU 2016-14 WILL HAVE A DIFFERENT STRUCTURE WITHIN THEIR AUDITED FINANCIAL STATEMENTS. FORM 990 - PART XI, LINE 9 RECONCILIATION OF NET ASSETS - OTHER CHANGES IN NET ASSETS CONSIST OF: Change in Post Retirement Benefits $ 542,986 LOSS ON UNCOLLECTIBLE PLEDGES $ (82,479) __________ TOTAL $ 460,507 ========== HACKLEY ALUMNI ENDOWMENT FUND 293 BENEDICT AVENUE TARRYTOWN NY 10591 136068876 CHARITABLE NY 501(C)(3) 509(A)(3) NA false false false true false false false false false false false false false false false false false false false