2016-11-11T09:20:42-06:00 2016-06-30 221478099 COHNREZNICK LLP 350 Church Street 12th floor Hartford CT 06103 990 2015-07-01 060646674 HOPKINS SCHOOL INCORPORATED HOPK 2033971001 986 Forest Road New Haven CT 06515 david e baxter CFO 2033971001 2016-11-09 1 JOHN TOSCANO P00358542 9592007000 2015 2017-02-10 21:41:12Z Hopkins School barbara m riley 986 Forest Road New Haven CT 06515 46434052 0 X www.Hopkins.edu X 1660 CT A PRIVATE CO-EDUCATIONAL INSTITUTION FORMED TO EDUCATE STUDENTS FROM GRADES 7 THROUGH 12. 20 19 332 0 78157 -36887 5566991 7018818 27334015 28391892 5600087 2610281 183840 238372 38684933 38259363 3291122 3571359 0 0 19326901 19357367 0 0 1311181 10113982 10338633 32732005 33267359 5952928 4992004 176720102 177878668 28798820 28529068 147921282 149349600 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 26381490 3571359 28551998 Academic instruction, athletic & student activities, food service & other support for 710 students. 26381490 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 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 96 0 1 332 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Dorota Habib 2033971001 986 Forest Road New Haven CT 06515 david r bailin outgoing trustee 1.00 X 0 0 0 alexander c Banker treasurer 1.00 X X 0 0 0 VINCENT A CALARCO President 5.00 X X 0 0 0 GWEN E EVANS TRUSTEe 1.00 X 0 0 0 NIALL M FERGUSON TRUSTee 1.00 X 0 0 0 richard a ferguson trustee 1.00 X 0 0 0 john geanakoplos trustee 1.00 X 0 0 0 MEDINA TYSON JETT TRUSTee 1.00 X 0 0 0 eric a kutcher trustee 1.00 X 0 0 0 david leffell trustee 1.00 X 0 0 0 mark h lynch Vice President 1.00 X X 0 0 0 PAIGE MACLEAN OUTgoing trustee 1.00 X 0 0 0 g kelly martin OUTGOING trustee 1.00 X 0 0 0 pamela c paulmann trustee 1.00 X 0 0 0 stacey jackson perkins trustee 1.00 X 0 0 0 lynn j quinn trustee 1.00 X 0 0 0 BARBARA M RILEY Head of School 50.00 X X 431723 0 301730 barbara m rosiello Secretary 1.00 X X 0 0 0 judith a smith trustee 1.00 X 0 0 0 DONNA STEINBERG TRUSTee 1.00 X 0 0 0 gregory r tanner Trustee 1.00 X 0 0 0 michael a thomas trustee 1.00 X 0 0 0 michael w vranos trustee 1.00 X 0 0 0 LAWRENCE G WALKER deceased 1.00 X 0 0 0 DAVID E BAXTER Chief Fin & Oper Officer 40.00 X 254326 0 51224 LINDA WEBER DIRECTOR OF COMMUNICATIONS 40.00 X 161241 0 39456 jedd whitlock director of development 40.00 X 159071 0 43213 R John Roberts Assistant Head of School 40.00 X 136307 0 41689 pamela r mckenna director of admissions 40.00 X 125513 0 21150 Kevin Hart school scheduler 40.00 X 123023 0 23514 1391204 0 521976 18 0 1 0 flik independent school dining chartwells boston MA 022417632 food service 926702 markle investigations inc po box 502 north haven CT 06473 security service 474818 THE S-L-A-M COLLABORATIVE INC PO BOX 12 BRATTLEBORO VT 053020012 architectural design 356216 abm janitorial services northeast inc po box 1534 new york NY 10008 custodial 252922 THE EUGENE STEINBERG COMPANY 35 BARBER POND ROAD BLOOMFIELD CT 06002 mechanical design 213480 10 321938 6696880 1218347 7018818 TUITION & Fees 611600 28128708 28128708 Other Fees 611600 213398 213398 Application 611600 26926 26926 Late Payment Fees 611600 16035 16035 Publications 611600 6825 6825 28391892 1109991 78157 1031834 83520 0 83520 83520 83520 9290846 7790556 1500290 1500290 1500290 42605 321938 47859 -5254 -5254 385803 336274 49529 49529 CHALLENGE COURSE 611600 110577 110577 110577 38259363 28551998 78157 2610390 3571359 3571359 1016537 1016537 12664467 11069846 940104 654517 1172754 1059799 51622 61333 3532419 3197903 206271 128245 971190 832949 91965 46276 177599 177599 68025 68025 917629 917629 2583417 1666390 880007 37020 38547 38147 400 352584 120174 143205 89205 229375 216012 1383 11980 653815 588434 58843 6538 50757 24648 1413 24696 398360 152366 153183 92811 617311 462983 154328 2413598 2172238 217224 24136 139438 139438 rentals 332315 257057 55104 20154 supplies 308843 274886 28446 5511 miscellaneous 198030 77145 51167 69718 equipment 195496 176503 17340 1653 663494 460798 165708 36988 33267359 26381490 5574688 1311181 692 692 11086404 11913194 5439740 4139853 1685 800 1000000 23767 19011 75864865 28086864 49184502 47778001 37532566 40863491 70677255 69846627 2773491 2316999 176720102 177878668 4047525 4115628 8880271 9578932 14576634 13591794 1294390 1242714 28798820 28529068 X 72551449 72518599 26296091 22569060 49073742 54261941 147921282 149349600 176720102 177878668 X 4992004 -3245979 -317707 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91144411 5707458 -1299165 1450180 1998075 92104449 86064778 3767496 4621569 1433684 1875748 91144411 74778553 4246899 10018084 1215439 1763319 86064778 66661710 2300807 8633691 1140732 1676923 74778553 65318384 2177796 1697770 1003684 1528556 66661710 0.24200 0.54700 0.21100 0 0 2332847 2332847 55551035 17707912 37843123 9021221 4387748 4633473 7917223 5596172 2321051 1042539 395032 647507 47778001 U.S. LARGE CAP EQUITY FUNDS 10000198 F GLOBAL EX U.S. EQUITY FUNDS 8491652 F ALTERNATIVE ABSOLUTE RETURN 41035234 F ALTERNATIVE REAL ESTATE 5740521 F ALTERNATIVE GLOBAL PRIVATE EQUITY 1897138 F ALTERNATIVE TIMBER, OIL AND GAS 2681884 F 69846627 Annuities Payable 788890 INTEREST PAYABLE 291247 capital lease obligations 162577 1242714 X 30795414 -3245979 384133 -2861846 33657260 917629 3684474 4602103 38259363 29162504 384133 384133 28778371 917629 3571359 4488988 33267359 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, 2016 and 2015. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2013 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 - bookstore 336,274. fundraising expenses 47,859. Part XI, Line 4b - Other Adjustments: financial aid 3,571,359. uncollectible pledges 113,115. Part XII, Line 2d - Other Adjustments: COST OF SALES - BOOKSTORE 336,274. fundraising expenses 47,859. Part XII, Line 4b - Other Adjustments: FINANCIAL AID 3,571,359. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Nondiscrimination policy published in the local newspaper annually. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment holding included in the School's Endowment portfolio 12647766 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investment holding included in the School's Endowment portfolio 8491652 0 0 0 0 0 0 21139418 0 21139418 1 0 0 0 0 0 auction 305033 291628 13405 3791 13253 17396 golf outing 59510 30310 29200 3971 3631 3107 2710 364543 321938 42605 3971 7422 16360 20106 47859 -5254 1 STUDENT SCHOLARSHIPS / FINANCIAL AID 140 3571359 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 IN 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 X 0 1 0 0 0 0 0 0 0 BARBARA M RILEY Head of School 374123 0 0 0 57600 0 292687 0 9043 0 733453 0 0 0 DAVID E BAXTER Chief Fin & Oper Officer 254326 0 0 0 0 0 27981 0 23243 0 305550 0 0 0 LINDA WEBER DIRECTOR OF COMMUNICATIONS 161241 0 0 0 0 0 19424 0 20032 0 200697 0 0 0 jedd whitlock director of development 159071 0 0 0 0 0 16112 0 27101 0 202284 0 0 0 R John Roberts Assistant Head of School 136307 0 0 0 0 0 16836 0 24853 0 177996 0 0 0 Part I, Line 1a BARBARA RILEY, HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HER RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE SCHOOL, IS REQUIRED TO MAINTAIN HER RESIDENCE IN A LOCAL HOME OWNED BY THE SCHOOL. PERSONAL USE IS CALCULATED AND INCLUDED IN HER W-2 ANNUALLY. IN ADDITION, MS. RILEY RECEIVES AN ANNUAL ALLOWANCE FOR SOCIAL CLUB DUES SO SHE HAS ACCESS TO ARRANGE SOCIAL FUNCTIONS AND EVENTS OF BENEFIT TO THE SCHOOL. Part I, Line 4b MS. RILEY PARTICIPATED IN A DEFERRED COMPENSATION PLAN, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO WHICH CERTAIN AMOUNTS WERE CREDITED BY THE SCHOOL. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. A St of CT health & educational facilities Authority 060806186 20774UA70 2008-06-26 9117934 HOpkins School Series B - Construct Campus facilities 0 0 0 B St of CT health & educational facilities Authority 060806186 20774UT88 2009-12-10 7873388 HOpkins School Series C - Refinance series A bonds 0 0 0 A 992934 9117934 992853 182358 7942723 2009 0 0 1 1 B 1863388 7873388 596428 7119492 157468 1 0 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 Trustee/Head of School See Part V of Schedule L X 500000 500000 0 1 1 Barbara riley trustee/Head of School see part V of Schedule L X 500000 500000 0 1 1 1000000 Form 990, Schedule L, Part II, Lines 1 and 2 With respect to Schedule B, Part II, Columns (c), (d), (h), and (i): The School did not make the loans to Barbara M. Riley described in Part II of Schedule B. 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. However, acceptance of the assignments of the loans as a charitable contribution to the School was approved by the School's governing body. The assignment of the loans to the School was memorialized in a written assignment agreement. X 9 150298 FMV at date of donation X promissory notes 2 1000000 fair value X in-kind auction items sold 233 68049 fair value 0 0 1 1 Part I, Column (b): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. Part I, Line 32b: The School liquidates all gifts of securities through an account held with a third-party financial institution. The School's policy is to liquidate other types of non-cash contributions by engaging the appropriate third-party professionals to execute the liquidations. Form 990, Part VI, Section A, line 2 two members of the committee of trustees have a family relationship. Form 990, Part VI, Section B, line 11 THE AUDIT COMMITTEE OF THE COMMITTEE OF TRUSTEES HAS BEEN AUTHORIZED TO REVIEW THE FORM 990 AND TO APPROVE ITS FILINGS. 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 acknowledgement. Form 990, Part VI, Section B, line 15 compensation for the head of school is set by contract. this contract typically runs for a three year period. 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. for years 2 and 3 of the contract, annual compensation is escalated at a rate consistent with annual percentage increases for faculty and staff. 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 18 Form 1023, form 990, and form 990T are made available for public inspection upon request. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are generally not made available for public inspection since the documents are considered to be internal information. Form 990, Part XI, line 9: change in valuation of split interest agreements -204,592. uncollectible pledges -113,115. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZTION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.