2018-04-23T09:18:31-05:00 2017-06-30 EisnerAmper LLP 750 Third Avenue New York NY 100172703 990 2016-07-01 131740452 HACKLEY SCHOOL % PETER MCANDREW C/O THE SCHOO HACK 9146310128 293 BENEDICT AVENUE TARRYTOWN NY 10591 PETER MCANDREW DIRECTOR OF FINANCE & Campus Plan 9146310128 2018-04-21 true CANDICE METH P01306891 2129498700 64.238.150.10 26368720181135000003 2018-04-23 P 6F31E6301DB0AE24C8CE59FA1B103A8AA267BC1C 6F31E6301DB0AE24C8CE59FA1B103A8AA267BC1C 2016 2021-01-29 14:40:06Z MICHAEL WIRTZ CO HACKLEY 293 BENEDICT AVENUE TARRYTOWN NY 10591 122787667 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 22 369 10 280038 35282 6154204 9697309 35000185 35566207 2471661 4349908 573649 369739 44199699 49983163 6195533 6353519 0 0 24885938 24871696 0 0 1294101 11544235 11391456 42625706 42616671 1573993 7366492 200369995 212842119 31732976 32954046 168637019 179888073 THE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL FOR BOYS AND GIRLS IN KINDERGARTEN THROUGH THE 12TH GRADE. false false 36817597 6353519 35067606 INSTRUCTION AND RELATED COSTS - INCLUDES ALL COSTS ASSOCIATED WITH INSTRUCTION OF 842 STUDENTS. THE SCHOOL OFFERS FINANCIAL AID GRANTS TO QUALIFIED STUDENTS. 281939 498601 AUXILIARY ACTIVITIES INCLUDES SERVICES INDIRECTLY RELATED TO INSTRUCTION SUCH AS STUDENT ACTIVITIES EXPENSES, MUSIC INSTITUTE, DRIVERS EDUCATION, ETC., AS WELL AS SUMMER PROGRAMS AND FACILITIES RENTAL ACTIVITIES. 37099536 true true false false false false true false false true true false false false true true true false true false true false false false true false false false true true true false false false false false false false false false false true false false false false true false false false true 120 0 true 369 true true true false false false false true true false false true false X 22 22 false false true false false false false true true false false true true true true true true true true false X PETER MCANDREW CO THE SCHOO 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 SUSAN L WAGNER SECRETARY 1.0 0.0 X X 0 0 0 DAVID A BERRY 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 MARIA A DOCTERS TRUSTEE 1.0 0.0 X 0 0 0 DAWN N FITZPATRICK TRUSTEE 1.0 0.0 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 DIANE D RAPP TRUSTEE 1.0 0.0 X 0 0 0 JUMAANE SAUNDERS TRUSTEE 1.0 0.0 X 0 0 0 HARVINDER S SANDHU MD 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 PETER MCANDREW DIRECTOR OF FINANCE 40.0 0.0 X 314958 0 100052 MICHAEL WIRTZ HEADMASTER (AS OF 7/16) 40.0 0.0 X 165031 0 22560 PHILIP J VARIANO ASSISTANT HEADMASTER 40.0 0.0 X 235319 0 43954 STEVEN BILECA ASSISTANT HEADMASTER 40.0 0.0 X 150661 0 30917 ANNE E BURNS LOWER SCHOOL DIVISION DIRECTOR 40.0 0.0 X 213680 0 41048 JOHN P GANNON DIRECTOR OF DEVELOPMENT 40.0 0.0 X 187072 0 39036 ANDREW M KING UPPER SCHOOL DIVISION DIRECTOR 40.0 0.0 X 162556 0 37297 CHRISTOPHER MCCOLL DIRECTOR OF ADMISSIONS 40.0 0.0 X 142791 0 31743 ROSALIE UYOLA DIR OF INSTITUTIONAL RESEARCH 40.0 0.0 X 133452 0 13358 WALTER C JOHNSON HEADMASTER (to 6/16 - SCH J) 0.0 0.0 X 2481635 0 34385 4187155 0 394350 32 true true false VP Buses LLC dba Supertrans 60 ALEXANDER STREET YONKERS NY 10701 TRANSPORTATION 297497 Architectural Resources Cambridge 501 Boylston Street Suite 4101 BOSTON MA 02116 Architect 618069 CONSIGLI CONSTRUCTION 199 W RD 100 PLEASANT VALLEY NY 12569 CONSTRUCTION 30828895 Peter Gisolfi Associates 566 Warburton Avenue HASTINGSONHUNDSON NY 10706 Architect 258473 LUCADAMO SONS INC 213 S 13TH STREET MT VERNON NY 10550 GENERAL CONTRACTORS 250685 11 1778297 137025 710299 7071688 1954596 9697309 TUITION AND FEES 611710 35067606 35067606 AUXILIARY ACTIVITIES 532000 498601 498601 35566207 1759184 1759184 0 0 617682 244885 372797 0 372797 280038 92759 74966745 72376021 2590724 2590724 2590724 138388 1769147 138388 9150 9150 33002 36060 -3058 -3058 0 49983163 35566207 280038 4439609 0 6353519 6353519 0 0 1007276 345161 548650 113465 0 17561968 15758587 1290657 512724 2189001 1898362 216822 73817 2439122 2115273 241597 82252 1674329 1452024 165844 56461 0 113257 113257 83400 83400 0 0 110128 110128 108186 54181 53115 890 0 703447 259283 396977 47187 0 0 1649783 1609107 31464 9212 65215 63584 1245 386 0 0 48121 48121 0 3227241 2581794 516357 129090 253689 247345 4842 1502 FOOD SERVICE 1353948 1290816 55292 7840 MAINTENANCE 386495 376829 7377 2289 ATHLETICS 603687 603687 OTHER PROGRAM EXPENSES 2079713 1896616 181416 1681 605146 193368 156473 255305 42616671 37099536 4223034 1294101 1000 1000 16794347 19711784 3037788 4612977 1863755 1453594 0 0 0 0 115409 85398 19623 19132 380804 408528 151526476 36704933 84994485 114821543 83683331 66904458 9085859 4460387 0 0 0 0 393594 363318 200369995 212842119 6896087 7850422 0 0 16044710 16464514 4115000 3800000 0 0 0 0 0 0 0 0 4677179 4839110 31732976 32954046 X 143854903 149015089 7593712 12854843 17188404 18018141 168637019 179888073 200369995 212842119 X 7366492 3626428 258134 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 37.00 1 false 50.00 2000 true 36084267 897162 5155326 501302 183698 41451755 39015740 937941 -2584414 825537 459463 36084267 36936652 1673856 1080232 475844 199156 39015740 32023731 1327407 4091514 358148 147852 36936652 28421012 815259 3209460 298480 123520 32023731 0.37000 0.43000 0.20000 false false 7874241 7874241 80622630 24040521 56582109 10549493 8919340 1630153 52480112 3745072 48735040 114821543 0 OBLIGATIONS 4839110 4839110 X 47426889 3626428 -6353519 -2727091 50153980 110128 -280945 -170817 49983163 36469626 316602 316602 36153024 110128 6353519 6463647 42616671 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, AND 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 ASC 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 FS WITH REVENUE PER RETURN - REVENUE: INCLUDED IN AUDITED FINANCIAL STATEMENTS BUT NOT ON RETURN: ITEM NETTED WITH REVENUE IN FINANCIAL STATEMENTS: FINANCIAL AID - $6,353,519. SCHEDULE D - PART XI, QUESTION 4B RECONCILIATION OF REVENUE PER AUDITED FS WITH REVENUE PER RETURN - REVENUE: INCLUDED IN TAX RETURN BUT INCLUDED WITH EXPENSES WITHIN FINANCIAL STATEMENTS: COST OF GOODS SOLD ($36,060) Rental expense ($244,885) Total ($280,945) SCHEDULE D - PART XII - QUESTION 2D RECONCILIATION OF EXPENSES PER AUDITED FS WITH EXPENSES PER RETURN - EXPENSES: INCLUDED IN AUDITED FINANCIAL STATEMENTS BUT NOT INCLUDED IN EXPENSES ON RETURN: COST OF GOODS SOLD $36,060 Rental expense $244,885 Bad debt expense $35,657 Total $316,602 SCHEDULE D - PART XII, QUESTION 4B RECONCILIATION OF EXPENSES PER AUDITED FS WITH EXPENSES PER RETURN - EXPENSES: INCLUDED IN TAX RETURN BUT NOT IN FINANCIALS STATEMENTS: ITEM NETTED WITH REVENUE IN FINANCIAL STATEMENTS: FINANCIAL AID: $6,353,519. true true true true true true true false false false false false false false false true false true QUESTION 3 NONDISCRIMINATORY POLICY THE SCHOOL ANNUALLY PUBLISHES ITS NONDISCRIMINATION POLICY IN THE NEW YORK TIMES. QUESTION 6A FINANCIAL AID THE SCHOOL RECEIVES FUNDS FROM NEW YORK STATE FOR MANDATED SERVICES. Central America and the Caribbean Investments 4108892 4108892 4108892 false false true false false false PART I, LINE 3, COLUMN (F) AMOUNTS REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. PART IV, QUESTION 3 The School is not required to file form 5471, since its interest does not meet the criteria for the filing requirement. LEGACY GALA 1907535 1769147 138388 114552 23836 0 1907535 1769147 138388 114552 23836 138388 true Financial assistance 178 6353519 FMV Tuition Reduction 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 X X true true X X X false true false false false false false false false WALTER C JOHNSON HEADMASTER (to 6/16 - SCH J) 239777 0 0 0 2241858 0 23110 0 11275 0 2516020 0 938808 0 PETER MCANDREW DIRECTOR OF FINANCE 314958 0 0 0 0 0 80399 0 19653 0 415010 0 0 0 PHILIP J VARIANO ASSISTANT HEADMASTER 235319 0 0 0 0 0 23384 0 20570 0 279273 0 0 0 ANNE E BURNS LOWER SCHOOL DIVISION DIRECTOR 213680 0 0 0 0 0 21395 0 19653 0 254728 0 0 0 JOHN P GANNON DIRECTOR OF DEVELOPMENT 187072 0 0 0 0 0 19383 0 19653 0 226108 0 0 0 MICHAEL WIRTZ HEADMASTER (AS OF 7/16) 165031 0 0 0 0 0 12188 0 10372 0 187591 0 0 0 ANDREW M KING UPPER SCHOOL DIVISION DIRECTOR 162556 0 0 0 0 0 16727 0 20570 0 199853 0 0 0 STEVEN BILECA ASSISTANT HEADMASTER 150661 0 0 0 0 0 11799 0 19118 0 181578 0 0 0 CHRISTOPHER MCCOLL DIRECTOR OF ADMISSIONS 142791 0 0 0 0 0 11173 0 20570 0 174534 0 0 0 SCHEDULE J, PART I, LINES 1A AND 1B IT IS A REQUIREMENT OF THE HEADMASTER TO LIVE ON CAMPUS, AS BOARDING STUDENTS RESIDE AT THE SCHOOL. SINCE THE HEADMASTER'S HOME SERVES AS HIS PERMANENT RESIDENCE, PERSONAL USE OF THE HOME DOES OCCUR. THE SCHOOL PAYS FOR A CLEANING SERVICE FOR THE HOME, AS NEEDED. ALL BENEFITS FOR THE HEADMASTER ARE CONTAINED IN THE RESPECTIVE EMPLOYMENT CONTRACT. Schedule J, PART I, LINE 4B Under the terms of the deceased Headmaster's employment agreement, THE SCHOOL ESTABLISHED TWO SUPPLEmental RETIREMENT PLANS IN 2002 UNDER WHICH THE SCHOOL CONTRIBUTED AMOUNTS ON THE HEADMASTER'S BEHALF, AND THE HEADMASTER MADE his own contributions. See the supplementary information for Schedule J, Part II, Line 1 for additional information. In fiscal-year 2010, the School established a supplemental retirement plan for the Director of Finance, under which the School contributes amounts on the Director of Finance's behalF. DURING 2016, THE SCHOOL CONTRIBUTED $53,899 TO HIS ACCOUNT. SCHEDULE J, PART II, LINE 1 UNDER THE TERMS OF THE FORMER HEADMASTER'S EMPLOYMENT AGREEMENT, WHICH COMMENCED IN JULY 2013, THE AGREEMENT CALLED FOR AN UNFUNDED LIABILITY WHICH WAS SCHEDULED TO BE FUNDED THROUGH THE SUPPLEMENTAL RETIREMENT PLAN DURING 2016. IN MAY 2016, THE SCHOOL FUNDED THE AFOREMENTIONED SCHEDULED CONTRIBUTIONS INTO THE SUPPLEMENTAL RETIREMENT PLAN AND THE TOTAL AMOUNT IS REPORTED AS OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, LINE 1, COLUMN (B)(III). IN JUNE 2016, THE SCHOOL'S HEADMASTER PASSED AWAY. ACCORDINGLY, IN JULY 2016, THE ACCUMULATED BALANCE WITHIN THE SUPPLEMENTAL RETIREMENT ACCOUNTS WAS LIQUIDATED AND DISTRIBUTED TO HIS ESTATE. COMPENSATION EARNED IN CALENDAR 2016, ALONG WITH THE PAYMENTS AND DISTRIBUTIONS AS OUTLINED ABOVE, ARE REPORTED AS A COMPONENT OF TOTAL COMPENSATION IN FORM 990, PART VII AND SCHEDULE J, PART II. THE DISTRIBUTION INCLUDED DEFERRED COMPENSATION PREVIOUSLY REPORTED IN PRIOR-YEARS' FORM 990S OF $938,808. A COUNTY OF WESTCHESTER INDUSTRIAL DEVELOP AGENCY 521294265 957368FMO 2004-01-02 16000000 FINANCING RENOVATIONS false false false A 12200000 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 X 541 FMV X 38 1884152 FMV X 2 7590 FMV X TICKETS SPORTING/OTHER EVENTS 4 19917 FMV X Equipment/musical INSTRUMENTS 9 9840 FMV X STEINWAY BABY GRAND PIANO 1 29500 FMV X OTHER 2 3056 FMV. 1 false true true Part 1 Line 32b The School uses TD Ameritrade to sell donated securities. PART VI, LINE 4 THE SCHOOL MADE THE FOLLOWING CHANGES TO ITS BY-LAWS: 1. A "PARENT" TRUSTEE DESIGNATION WAS ADDED. 2. The Conflict of Interest section WAS removed because it was unnecessary to include in THE By-laws. NY law sets forth the standards and THE SCHOOL dealS with the law in THEIR WRITTEN policy WITH the audit committee's oversight. 3. THE requirement for THE FULL Board to approve THE annual budget and certain other detailed financial activities WAS REMOVED. 4. Any officer of the Board can be removed by 2/3rds vote of THE WHOLE Board. 5. THE Head of School can be dismissed with 2/3rds vote of THE Board. 6. THE Director of Finance AND CAMPUS PLANNING can now be dismissed by the Head of School, in consultation with the Treasurer and Chair of THE Finance Committee, Previously ONLY the Board had such dismissal authority. 7. Specific Finance Committee delegation of authority of expenditures more than $200K has been removed. 8. Composition requirements for the Audit Committee have been removed FOR CONSISTENCY AMONG COMMITTEE COMPOSiTIONS. REQUIREMENT FOR INDEPENDENCE STILL EXITS. 9. Non-discrimination provision is removed as the provision is included in the annual publication statement performed by the school. PART VI, LINE 11B FORM 990 REVIEW PROCESS: The 990 is reviewed by the audit committee of the board and then presented to the full board for review and approval, with copies being distributed in advance. 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 Headmaster, and the President of the Board to review. PART VI, LINES 15A AND 15B Determining compensation: The HEADMASTER sets compensation pools for all employees except for himself and the Director of Finance. The Director of Finance's compensation is set by the HEADMASTER in conjunction with the Board. Compensation is based on comparable data obtained from peer institutions and an association of independent schools. The HEADMASTER'S compensation is determined by the board of trustees' executive committee. An assessment of performance along with comparable data provided both by peer schools and by an independent consultant are used to determine this compensation. The HEADMASTER and Director of Finance have written employment contracts. 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. PART XI, LINE 9 RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS CONSIST OF: Change in Post Retirement Benefits $293,791 LOSS ON UNCOLLECTIBLE PLEDGES (35,657) TOTAL $(258,134) 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