2025-11-12T18:36:03-06:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 060646674 HOPKINS SCHOOL INCORPORATED HOPK 2033971001 986 FOREST ROAD NEW HAVEN CT 06515 DAVID BAXTER CFO 2033971001 2025-11-12 1 1 MELISSA MODELSON P01603524 9143818900 2025-11-12 2024 2025-03-06 01:10:19Z MATT GLENDINNING 986 FOREST ROAD NEW HAVEN CT 06515 44904780 0 X WWW.HOPKINS.EDU X 1660 CT A PRIVATE GENDER INCLUSIVE SCHOOL FORMED TO EDUCATE STUDENTS FROM GRADES 7 THROUGH 12. 17 15 258 16 231418 0 3957654 4300043 36871868 38606281 1058001 966237 200758 216103 42088281 44088664 6277566 6740480 0 0 27881000 29005882 0 0 2277408 11061405 13022727 45219971 48769089 -3131690 -4680425 279546339 299568596 39242419 38543808 240303920 261024788 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 39876472 6740480 38611244 THE SCHOOL SERVES A STUDENT BODY FROM GRADES 7 THROUGH 12. THE SCHOOL ENDEAVORS TO EDUCATE STUDENTS FROM DIVERSE BACKGROUNDS TO THE FULL MEASURE OF THEIR TALENTS AND HUMANITY. ACADEMIC INSTRUCTION, ATHLETIC & STUDENT ACTIVITIES, FOOD SERVICE & OTHER SUPPORT FOR 714 STUDENTS. 39876472 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 130 0 258 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X DAVID BAXTER 2033971001 986 FOREST ROAD NEW HAVEN CT 06515 MATTHEW GLENDINNING HEAD OF SCHOOL 40.00 X X 739030 0 119247 GWEN E EVANS '84 PRESIDENT 5.00 X X 0 0 0 MARK H LYNCH '62 VICE PRESIDENT 1.00 X X 0 0 0 JOSHUA D SAMUELSON '91 TREASURER 1.00 X X 0 0 0 LISA C TAKOUDES SECRETARY 1.00 X X 0 0 0 ELEANOR C BABBITT '76 TRUSTEES 1.00 X 0 0 0 KRISTIN COLLIER TRUSTEES 1.00 X 0 0 0 NICHOLAS DAWIDOFF '81 TRUSTEES 1.00 X 0 0 0 DAVID FREAR TRUSTEES 1.00 X 0 0 0 ERIN JOHNSON '04 TRUSTEES 1.00 X 0 0 0 L'HEUREUX LEWIS-MCCOY '96 TRUSTEES 1.00 X 0 0 0 TED B LUNDBERG '93 TRUSTEES 1.00 X 0 0 0 ZEHRA PATWA TRUSTEES 1.00 X 0 0 0 AARON SACK '89 TRUSTEES 1.00 X 0 0 0 PETER G SASAKI '87 TRUSTEES 1.00 X 0 0 0 WENDY SIMMONS TRUSTEES 1.00 X 0 0 0 GREGORY R TANNER '92 TRUSTEES 1.00 X 0 0 0 DAVID BAXTER CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 354636 0 100427 THOMAS DIASCRO CHIEF ADVANCEMENT OFFICER 40.00 X 207039 0 67095 JOHN R ROBERTS ASSISTANT HEAD OF SCHOOL 40.00 X 197449 0 51717 PAMELA MCKENNA DIR. OF ENROLLMENT & STRATEGIC MARKETING 40.00 X 186123 0 37006 KATHARINE REICHART DIRECTOR OF CONSTITUENT RELATIONS 40.00 X 180493 0 161381 DANIEL ALTANO DIRECTOR OF COMMUNICATIONS 40.00 X 162299 0 53256 2027069 0 590129 48 0 1 0 WHITING-TURNER CONTRACTING COMPANY PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION 15908897 FLIK INDEPENDENT SCHOOL DINING PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 1380199 ADVANTAGE MAINTENANCE INC 15 LUNAR DRIVE WOODBRIDGE CT 06525 CUSTODIAL SERVICES 411337 MARKLE INVESTIGATIONS INC PO BOX 502 NORTH HAVEN CT 06473 SECURITY SERVICES 409738 B & B TRANSPORTATION INC 41 VILLAGE LN BETHANY CT 06524 TRANSPORTATION SERVICES 273735 23 4500 4295543 186005 4300043 TUITION AND FEES 611110 38167670 38167670 SUMMER SCHOOL TUITION 611110 257190 257190 AUXILIARY AND OTHER FEES 611110 181421 181421 38606281 935616 -265871 1201487 23291 23291 27760 15696 12064 12064 12064 588702 581372 7330 7330 497289 -489959 13944 4500 16604 -2660 -2660 207407 202444 4963 4963 TUITION FORFEITURES 900099 96720 96720 INSURANCE PROCEEDS 900099 59792 59792 PARKING FEE 900099 35960 35960 9264 9264 201736 44088664 38611244 231418 945959 6740480 6740480 1326128 1326128 17648240 15020103 1526964 1101173 1755920 1527123 135799 92998 6768938 6224523 336845 207570 1506656 1162564 263118 80974 127431 127431 61100 61100 183451 183451 3947966 2761860 957900 228206 154701 150 154522 29 1839273 1344272 365250 129751 467002 429514 7973 29515 990353 626543 356848 6962 80429 37544 4053 38832 158749 135192 16504 7053 789365 592024 197341 3003938 2703544 270355 30039 INSTRUCTIONAL, STUDENT 697460 318998 197487 180975 FOOD/EVENTS 351240 138996 68913 143331 REPAIR & MAINTENANCE 113042 113042 OTHER OPERATING EXPENSE 56228 56228 999 999 48769089 39876472 6615209 2277408 4554489 2164206 13754585 15650308 3874847 3788469 1593 1343 1000000 1000000 40776 33482 511038 244779 113290980 46878139 55313741 66412841 47010949 55708416 149791174 153710757 3693147 853995 279546339 299568596 6286596 5175384 8404284 8824451 23640921 23414428 910618 1129545 39242419 38543808 X 102117149 112480707 138186771 148544081 240303920 261024788 279546339 299568596 X -4680425 25324793 76500 X X 0 1 X 1 0 X 3471278 8201302 5669679 3957654 4300043 25599956 3471278 8201302 5669679 3957654 4300043 25599956 2930366 22669590 1020098 912656 811504 1270459 1252538 5267255 171067 171067 111001 60509 70333 133112 201736 576691 31614969 179503885 0.71710 0.71650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 111,001. 2021 AMOUNT: $ 60,509. 2022 AMOUNT: $ 39,463. 2023 AMOUNT: $ 25,409. 2024 AMOUNT: $ 9,264. PARKING FEE - 2022 AMOUNT: $ 30,870. 2023 AMOUNT: $ 30,940. 2024 AMOUNT: $ 35,960. TUITION FORFEITURES - 2023 AMOUNT: $ 76,763. 2024 AMOUNT: $ 96,720. INSURANCE PROCEEDS - 2024 AMOUNT: $ 59,792. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 167492149 5500299 22213906 2563179 3754585 188888590 157716933 695332 15306433 2586282 3640267 167492149 149721148 2661067 11379456 2488666 3556072 157716933 165915417 5525753 -15957882 2317118 3445022 149721148 140104612 2457529 28691340 2109523 3228541 165915417 0.24630 0.46210 0.29160 0 0 2394147 2394147 82824858 30293735 52531123 16986609 9056733 7929876 10419217 7193732 3225485 666149 333939 332210 66412841 ABSOLUTE RETURN 55962492 F GLOBAL PRIVATE EQUITY 25942824 F GLOBAL EX U.S. EQUITY FUNDS 45939249 F U.S. LARGE CAP EQUITY FUNDS 6090766 F REAL ESTATE 14550101 F NATURAL RESOURCES 5225325 F 153710757 PAYABLES ANNUITES 53694 ACCRUED RETIREMENT ENHANCEMENT PLAN 486538 ACCRUED INTEREST PAYABLE 589313 1129545 X 62800770 25324793 311244 25636037 37164733 183451 6740480 6923931 44088664 42079902 234744 234744 41845158 183451 6740480 6923931 48769089 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 INCLUDING BUT NOT LIMITED TO: FINANCIAL AID, ATHLETICS, CAMPUS MAINTENANCE, AND FACULTY SUPPORT. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2025 AND 2024. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD 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: CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS 74,500. COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 202,444. SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 16,604. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 15,696. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 2,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO PART IX, LINE 2 6,740,480. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 202,444. SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 16,604. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 15,696. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO PART IX, LINE 2 6,740,480. 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 ON THE HOMEPAGE OF ITS WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 79263480 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 1297176 0 0 0 0 0 0 80560656 0 80560656 1 0 1 1 1 0 FORM 990, SCHEDULE F, PART IV, LINE 1: THE SCHOOL IS REQUIRED TO FILE FORM 926 BECAUSE IT DOES MEET THE APPLICABLE FILING REQUIREMENT OR THRESHOLD. FORM 990, SCHEDULE F, PART IV, LINE 3: THE SCHOOL IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE FILING REQUIREMENT OR THRESHOLD. FORM 990, SCHEDULE F, PART IV, LINE 4: THE SCHOOL IS NOT REQUIRED TO FILE FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE FILING REQUIREMENT OR THRESHOLD. FORM 990, SCHEDULE F, PART IV, LINE 5: THE SCHOOL IS REQUIRED TO FILE FORM 8865 BECAUSE IT DOES MEET THE APPLICABLE FILING REQUIREMENT OR THRESHOLD. GOLF EVENT 18444 4500 13944 1316 12294 2994 18444 4500 13944 1316 12294 2994 16604 -2660 1 STUDENT SCHOLARSHIPS / FINANCIAL AID 200 6740480 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 BY 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 X 1 1 X X X 0 1 0 0 0 0 0 0 0 MATTHEW GLENDINNING HEAD OF SCHOOL 661485 0 0 0 77545 0 91350 0 27897 0 858277 0 0 0 DAVID BAXTER CHIEF FINANCIAL & OPERATING OFFICER 337871 0 0 0 16765 0 63400 0 37027 0 455063 0 0 0 KATHARINE REICHART DIRECTOR OF CONSTITUENT RELATIONS 180261 0 0 0 232 0 19691 0 141690 0 341874 0 0 0 THOMAS DIASCRO CHIEF ADVANCEMENT OFFICER 206208 0 0 0 831 0 25317 0 41778 0 274134 0 0 0 JOHN R ROBERTS ASSISTANT HEAD OF SCHOOL 196284 0 0 0 1165 0 23656 0 28061 0 249166 0 0 0 PAMELA MCKENNA DIR. OF ENROLLMENT & STRATEGIC MARKE 185041 0 0 0 1082 0 22397 0 14609 0 223129 0 0 0 DANIEL ALTANO DIRECTOR OF COMMUNICATIONS 162164 0 0 0 135 0 16229 0 37027 0 215555 0 0 0 PART I, LINE 1A MATTHEW GLENDINNING, HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HIS RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE SCHOOL, IS REQUIRED TO MAINTAIN HIS RESIDENCE IN A LOCAL HOME OWNED BY THE SCHOOL. PERSONAL USE IS CALCULATED AND INCLUDED IN HIS W-2 ANNUALLY. IN ADDITION, MR. GLENDINNING RECEIVES A REIMBURSEMENT FOR SOCIAL CLUB DUES SO HE HAS ACCESS TO ARRANGE SOCIAL FUNCTIONS AND EVENTS OF BENEFIT TO THE SCHOOL. PART I, LINE 4B DAVID BAXTER AND MATTHEW GLENDINNING PARTICIPATED IN A DEFERRED COMPENSATION PLAN, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO WHICH CERTAIN AMOUNTS HAVE BEEN CREDITED BY THE SCHOOL. SUCH AMOUNT IS IN REPORTED IN PART II, COLUMN (C) IF EARNED DURING THE YEAR. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20775DUK6 2022-11-22 24408423 REFUND 2009 AND 2017 BONDS, AND CONSTRUCT ACADEMIC & PERFORMING ARTS CENTER 0 0 0 A 510000 25298387 440608 14998736 8969079 2025 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 A 0 PART II, LINE 3: THE TOTAL PROCEEDS OF ISSUE IS DIFFERENT THAN THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE BOND PROCEEDS. 21000 FINANCIAL AID EDUCATION OF CHILD X 20 186005 SALES PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE AMENDED BY THE BOARD OF TRUSTEES IN FY2025. CHANGES TO THE BYLAWS INCLUDE AND ARE NOT LIMITED TO THE FOLLOWING: - ARTICLE II, SECTION 3(F): ADDED SPECIAL TERM LIMIT FOR THE PRESIDENT - ARTICLE II, SECTION 5(C): EXPANDED THE PRESIDENT'S RIGHTS TO ATTEND COMMITTEE MEETINGS SERVING AS EX OFFICIO MEMBER OF COMMITTEE TRUSTEES - ARTICLE III, SECTION 6(C): EXPANDED FUNDAMENTAL MATTERS THAT REQUIRE TWO-THIRDS OF TRUSTEES VOTE - ARTICLE IV, SECTION 6: ADDED THE TERM LIMIT FOR BOARD OFFICERS - ARTICLE IV, SECTION 7: ADDED CLAUSE FOR REMOVAL OF OFFICERS - ARTICLE IV, SECTION 9: ADDED CLAUSE FOR RESIGNATIONS OF OFFICERS - ARTICLE VII: UPDATED THE "FINANCE COMMITTEE" TO "FINANCE AND INVESTMENT COMMITTEE AND EXPANDED THE RESPONSIBILITIES OF THE COMMITTEE - ARTICLE VII: EXPANDED THE RESPONSIBILITIES OF THE AUDIT COMMITTEE FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE COMMITTEE OF TRUSTEES HAS BEEN AUTHORIZED TO REVIEW THE FORM 990 AND TO APPROVE ITS FILING. 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 HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE MUST ANNUALLY SIGN AND SUBMIT THE CONFLICT OF INTEREST STATEMENT TO THE BOARD. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES AND FOLLOW-UP ON THE NON-COMPLIANCE. IF IT IS ESTABLISHED THAT AN ACTUAL CONFLICT EXISTS, THE INDIVIDUAL WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DISCUSSIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL THE CONFLICT IS RESOLVED. ANY DISCUSSION REGARDING THE CONFLICT OF INTEREST TRANSACTION IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS, REFLECTING THE CONFLICT OF INTEREST THAT WAS DISCLOSED, THE NAME OF THE INTERESTED PERSON, AND THE FINAL DETERMINATION AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS SET BY CONTRACT. 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. THE COMPENSATION DECISION DOCUMENTED IN THE RECORDS OF THE ORGANIZATION. THIS PROCESS WAS LAST COMPLETED IN FISCAL YEAR 2025. 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. THE COMPENSATION DECISION DOCUMENTED IN THE RECORDS OF THE ORGANIZATION. THIS PROCESS WAS LAST COMPLETED IN FISCAL YEAR 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 2,000. CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS 74,500. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A TRUSTEE COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.