2014-04-25T09:09:26-05:00 2013-06-30 Grant Thornton LLP 8300 THORN DRIVE SUITE 300 WICHITA KS 672262708 990 2012-07-01 750800650 Hockaday School % WHITNEY JOHNSON HOCK 2143636311 11600 Welch Road Suite Dallas TX 75229 JT COATS 2143636311 2014-04-08 true Kimberly Temple 3162653231 2012 2015-11-30 17:44:51Z JT Coats 11600 Welch Road Dallas TX 75229 49191176 false X www.hockaday.org X 1913 TX The Hockaday School, founded in 1913, provides a college preparatory education for girls of strong potential and diverse backgrounds who may be expected to assume positions of responsibility and leadership. 53 53 548 950 -59484 -59484 6866183 16001992 27793691 28045311 2306433 3196452 87024 443226 37053331 47686981 3026783 3192462 0 0 22492598 23128177 44167 0 2277304 11529274 12367312 37092822 38687951 -39491 8999030 203054327 227693956 43680817 47986687 159373510 179707269 X THE HOCKADAY SCHOOL, FOUNDED IN 1913, PROVIDES A COLLEGE PREPARATORY EDUCATION FOR GIRLS OF STRONG POTENTIAL AND DIVERSE BACKGROUNDS WHO MAY BE EXPECTED TO ASSUME POSITIONS OF RESPONSIBILITY AND LEADERSHIP IN A RAPIDLY CHANGING WORLD. THROUGH SMALL CLASSES, CREATIVE TEACHING, AND AN APPROACH WHICH EMPHASIZES THE PROCESS OF LEARNING, HOCKADAY SEEKS TO DISCOVER UNIQUE APTITUDES AND AWAKEN THE INTELLECTUAL CURIOSITY OF EVERY GIRL. THROUGH A STRONG PHYSICAL EDUCATION PROGRAM AND THE CHALLENGE OF COMPETITIVE SPORT, HOCKADAY SEEKS TO DEVELOP IN EACH GIRL AN ENTHUSIASTIC SPIRIT, A HEALTHY BODY, AND A SENSE OF RESPONSIBILITY FOR HERSELF AND HER ACTIONS. THROUGH A CONTINUAL EXPOSURE TO THE ARTS, HOCKADAY SEEKS TO ENGENDER AN APPRECIATION OF BEAUTY AND JOY IN SELF-EXPRESSION THAT WILL BRING ADDED ENRICHMENT TO EACH GIRL'S LIFE. THROUGH CONSTANT EMPHASIS ON MORAL AND ETHICAL VALUES, HOCKADAY SEEKS TO NURTURE A COURTEOUS ATTITUDE, A SENSE OF GRACE, RESPECT FOR THE IDEALS OF HUMAN WORTH AND DIGNITY false false 31006608 3192462 28045311 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 1,010 day students and 75 residence students for the 2012 - 2013 academic year. In addition, the School provided educational programs in the summer and for children of faculty/staff. 31006608 true true false false false false false true false true true true false false true true true false true false true false true true 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 false true X 166 1 true 548 true true true true BD CJ false false false false false false false false X 53 53 true false false false false false false true true true false true true true true true true true true false AK AZ LA MD MA NH OR WA X WHITNEY JOHNSON 2143636311 11600 WELCH ROAD Dallas TX 75229 X Edward M Ackerman 2.0 X 0 0 0 Ruth Altshuler 2.0 X 0 0 0 Jamiel Akhtar 2.0 X 0 0 0 Angela Ards 2.0 X 0 0 0 Carrie Moore Becker 2.0 X 0 0 0 Rita Crocker Clements 2.0 X 0 0 0 Margaret Doggett Crow 2.0 X 0 0 0 Linda Custard 2.0 X 0 0 0 Peggy Simmons Dear 2.0 X 0 0 0 Robert H Dedman Jr 3.0 X X 0 0 0 Leslie Melinick Diers 2.0 X 0 0 0 Talley Dunn 15.0 X X 0 0 0 Gregg L Engles 2.0 X 0 0 0 Tucker Ford Enthoven 2.0 X 0 0 0 Steve Folsom 2.0 X 0 0 0 Gerald J Ford 2.0 X 0 0 0 Kathryn Walker Francis 2.0 X 0 0 0 Carmen Gross 2.0 X 0 0 0 David Haemisegger 3.0 X X 0 0 0 Paul Harris 2.0 X 0 0 0 Lyda Hill 2.0 X 0 0 0 James Jim Hoak 3.0 X 0 0 0 Robert Kaminski 3.0 X X 0 0 0 Rajani Kapu 2.0 X 0 0 0 Joyce Lacerte 2.0 X 0 0 0 Natalie Schatzie Lee 2.0 X 0 0 0 Charlene Cline Marsh 2.0 X 0 0 0 Margaret McDermott 2.0 X 0 0 0 William Casey McManemin 2.0 X 0 0 0 Nicholas Nick Merrick 2.0 X 0 0 0 Maryann Sarris Mihalopoulos 3.0 X X 0 0 0 Jennifer Mosle 2.0 X 0 0 0 Paula Mosle 2.0 X 0 0 0 Edith Jones O'Donnell 2.0 X 0 0 0 John G Penson 2.0 X 0 0 0 Margot B Perot 2.0 X 0 0 0 Maria Martineau Plankinton 2.0 X 0 0 0 Kathryn Priddy 2.0 X 0 0 0 Miguel Mickey Quinones 2.0 X 0 0 0 Betty Simmons Regard 2.0 X 0 0 0 Ellen Higginbotham Rogers 2.0 X 0 0 0 Richard Dick Rogoff 3.0 X 0 0 0 Barbara Glazer Rosenblatt 2.0 X 0 0 0 Sandy Schmitz 2.0 X 0 0 0 Nicole Ginsburg Small 3.0 X X 0 0 0 Judith Judi Stewart 2.0 X 0 0 0 Juan Suarez 2.0 X 0 0 0 Allison Campfield Taten 2.0 X 0 0 0 Jacquelyn Jakki Thomas 3.0 X 0 0 0 Courtney Wang 2.0 X 0 0 0 Ann Whitley Wood 2.0 X 0 0 0 Barney T Young 2.0 X 0 0 0 Sharon J Youngblood 3.0 X 0 0 0 Kim Wargo 50.0 X 476533 0 55963 Mary Pat Higgins 50.0 X 323511 0 28463 JT Coats 50.0 X 115368 0 8816 John Ashton 50.0 X 170562 0 20666 Cathy Murphree 50.0 X 199811 0 19936 Linda Kramer 50.0 X 142714 0 11648 Jen Liggitt 50.0 X 146440 0 17705 Kathy Limmer 50.0 X 177679 0 21167 Edward Long 50.0 X 140490 0 16594 1893108 0 200958 18 false true false Andres Construction Services LLC 3710 Fawlins Suite 1510 DALLAS TX 75219 Construction 2303146 Good Fulton and Farrell 2808 Fairmont Suite 300 DALLAS TX 75201 Architecture 1332201 Jan Leachman dba Chateau Concepts 4229 Mendenhall Drive DALLAS TX 75244 Design/Furniture 375839 The Hay Agency Inc 7226 Desco Drive DALLAS TX 75225 Print/Publish 199854 Cambridge Associates LLC 2001 Ross AveNUE DALLAS TX 75201 Consulting 137674 5 X 213591 15788401 302892 16001992 TUITION 611110 21975520 21975520 BOARDING, LUNCH 721310 3393223 3393223 EXTENDED SERVICES 611710 746875 746875 EDUCATIONAL FEES 611110 1766035 1766035 OTHER PROGRAM SERVICES 900099 163658 163658 28045311 3194172 -60316 3254488 0 0 63381 7332 56049 0 56049 56049 2280 2280 2280 2280 420210 213591 519645 -99435 -99435 0 1105525 977218 128307 832 127475 CHILD CARE 611110 358305 358305 358305 47686981 28045311 -59484 3699162 0 3095662 3095662 96800 96800 0 667815 667815 0 18056614 15266806 1909060 880748 1216842 997760 158142 60940 1861693 1597827 147686 116180 1325213 1107985 154513 62715 0 72248 72248 86659 86659 0 0 0 140798 1906 43424 95468 702021 266832 435189 1332967 1276061 33943 22963 304245 226758 77427 60 0 961274 817083 96127 48064 140112 82134 57978 0 347511 201540 121994 23977 773067 657107 77307 38653 0 3095617 2631275 309561 154781 435488 435488 MAINTENANCE AND GROUNDS 1038687 882884 103869 51934 FOOD SERVICE 824562 824562 SUMMER SCHOOL 718830 718830 ADMINISTRATIVE 413229 386150 27079 979997 605762 173660 200575 38687951 31006608 5404039 2277304 X 2100 2100 25510850 29433595 21471993 24823175 289279 2830967 0 0 0 0 0 0 641752 463947 428025 700180 81908540 46101454 32932994 35807086 39010095 45819385 82723012 87813521 0 0 0 0 44227 0 203054327 227693956 5166375 6468430 0 0 21133747 24793585 16890000 16255000 0 0 0 0 0 0 0 0 490695 469672 43680817 47986687 X 44638883 50789009 57951721 70988031 56782906 57930229 159373510 179707269 203054327 227693956 8999030 11334729 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 805484 X false 121517044 3712374 15038208 1450262 5510470 533508 132773386 125365563 3679275 -895381 1298752 4778378 555283 121517044 100152933 13794283 17803439 1320184 4509523 555385 125365563 91958431 1448672 12907515 1283526 4461534 416625 100152933 114221950 1790593 -17809197 1319820 4534089 391006 91958431 0.21505 0.40843 0.37652 false false 0 357723 357723 0 60132617 34466119 25666498 0 4045572 2535992 1509580 0 17372628 9099343 8273285 35807086 LIMITED PARTNERSHIP INTEREST 100000 F GLOBAL EQUITY 34928847 F PRIVATE EQUITY 9120203 F FIXED INCOME 2445465 F REAL ASSETS 11778087 F ABSOLUTE RETURN 29440919 F 87813521 0 ASSET RETIREMENT OBLIGATION 413922 OTHER LIABILITIES 55750 469672 X 57157230 11334729 151742 1187269 12673740 44483490 11029 3192462 3203491 47686981 36823471 151742 1187269 1339011 35484460 11029 3192462 3203491 38687951 Description of Organization's Collections 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. Intended Uses of Endowment Funds 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 current spending policy of the fund allows a maximum annual draw of 5% of a three year moving average of the market value of the total assets. During capital campaigns, an additional endowment draw will be allowed to pay campaign expenses. 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. FIN 48 (ASC 740) Footnote Part X, Line 2 The School is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code (IRC) of 1986, as amended, as an organization described in Section 501(c)(3) of the IRC, as evidenced by the Schools determination letter dated October 1938. The School has been classified as an organization that is not a private foundation under IRC Sections 509(a)(1), and as such, contributions to the School qualify for deduction as charitable contributions. However, income generated from activities unrelated to the Schools exempt purpose is subject to tax under IRC Section 511. The School did not have any material unrelated business income tax liability or expense for the years ended June 30, 2013 and 2012. The School has concluded that it does not have any unrecognized tax benefits resulting from current or prior period tax positions. The School does not have any outstanding interest or penalties, and none have been recorded in the statement of activities for the year ended June 30, 2013 or 2012. Reconciliation of Revenue Part XI Lines 2d & 4b Line 2d Rental Activity Expenses 7,332 Fundraising (Event) Expenses 519,645 Cost of Goods Sold 977,218 Childcare Income (358,305) Change in Split Interest Agreement (31,936) Uncollectible Pledge Recovery 73,315 --------- TOTAL 1,187,269 Line 4b Grants netted against Revenue 3,192,462 --------- TOTAL 3,192,462 Reconciliation of Expenses Part XII Lines 2d & 4b Line 2d Rental Activity Expenses 7,332 Fundraising (Event) Expenses 519,645 Cost of Goods Sold 977,218 Childcare Income (358,305) Change in Split Interest Agreement (31,936) Uncollectible Pledge Recovery 73,315 --------- TOTAL 1,187,269 Line 4b Grants netted against Revenue 3,192,462 --------- TOTAL 3,192,462 true true true true true true true false false false false false false false false false false true Publication of Racially Nondiscriminatory Policy Part I, Line 3 The School publishes its racially nondiscriminatory policy in the education issue of the Dallas Morning News at least twice annually. In addition, the policy is printed on all admission materials. true Russia and the Newly Independent States Grantmaking Student financial aid 45300 East Asia and the Pacific Grantmaking Student financial aid 5000 Central America and the Caribbean Grantmaking Student financial aid 46500 Central America and the Caribbean Fundraising Donor solicitation 0 East Asia and the Pacific Fundraising Donor solicitation 0 Europe (Including Iceland and Greenland) Fundraising Donor solicitation 0 Middle East and North Africa Fundraising Donor solicitation 0 North America Fundraising Donor solicitation 0 Russia and the Newly Independent States Fundraising Donor solicitation 0 South America Fundraising Donor solicitation 0 South Asia Fundraising Donor solicitation 0 Sub-Saharan Africa Fundraising Donor solicitation 0 96800 96800 Financial aid/scholarship Russia and the Newly Independent States 1 45300 Student Acct Financial aid/scholarship East Asia and the Pacific 1 5000 Student Acct Financial aid/scholarship Central America and the Caribbean 1 46500 Student Acct true false true true false false Procedure for Monitoring Use of Grant Funds Outside U.S. 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. X X X X X X false Ruffalocody LLC Telemarket false AK AZ LA MD MA NH OR WA HPA Benefit 613351 213591 399760 145777 136867 73427 13559 134814 Fun Day 20450 20450 15201 0 633801 213591 420210 145777 136867 73427 13559 150015 519645 -99435 11600 Welch Road Dallas TX 75229 true Financial aid/scholarship 194 3095662 Procedure for Monitoring Use of Grant Funds Inside U.S. 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, lunch fees, and/or activity fees. No cash is distributed. The aid is awarded objectively and in a non-discriminatory manner. X X X true true X X X X false true false false false false false false false Kim Wargo 456533 0 20000 0 0 0 30000 0 25963 0 532496 0 0 0 Mary Pat Higgins 298511 0 25000 0 0 0 0 0 28463 0 351974 0 0 0 John Ashton 161692 0 8870 0 0 0 0 0 20666 0 191228 0 0 0 Cathy Murphree 199811 0 0 0 0 0 0 0 19936 0 219747 0 0 0 Linda Kramer 142714 0 0 0 0 0 0 0 11648 0 154362 0 0 0 Jen Liggitt 146440 0 0 0 0 0 0 0 17705 0 164145 0 0 0 Kathy Limmer 162679 0 15000 0 0 0 0 0 21167 0 198846 0 0 0 Edward Long 140490 0 0 0 0 0 0 0 16594 0 157084 0 0 0 Housing allowance or residence for personal use Part I, Line 1a The Head of School resides in a house close to campus and owned by the school. This benefit is fully taxable to the Head of School. Travel for companions Part I, Line 1a The School reimburses the Head of School for spousal travel to national conferences. The reimbursement is fully taxable to the Head of School. Discretionary spending account 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. Supplemental nonqualified retirement plan Part I, Line 4b The Head of the School has a 457(b) agreement that allows for deferral of compensation. The School contributes an amount annually to this plan on behalf of the employee. The amount is listed in the Head of School's employment contract, as agreed upon by the Compensation Committee. No payments were made from the 457(b) plan during the year; $17,500 was contributed to the plan. The Head of School also has a 457(f) plan that allows for voluntary contributions. During the year $12,500 was contributed to the 457(f) plan. No payments were made from the 457(f) plan during the year. A Red River Education Finance Corporation 752791247 756872DT1 2005-09-22 18344577 ADV RFD OF ED REV BND ISS 11/1/00 false false false A 0 0 18392380 0 0 0 221867 0 18122710 0 0 0 2002 false true true true A false false false false 0.00000 0.00000 0.00000 false false false false A true false false 0 false 0 false false A false . 0 TOTAL PROCEEDS OF BOND ISSUE PART II, LINE 3 INCLUDES ACCRUED INTEREST OF $47,803 NOT REFLECTED IN THE ISSUE PRICE IN PART I. X 6770 Cost/Selling Price X 17 276371 Cost/Selling Price X 3 10125 Cost/Selling Price X 3 3401 Cost/Selling Price X Admission/Memberships 3 6225 Cost/Selling Price 1 false true false Family and Business Relationships Part VI, Line 2 Kathryn Priddy and Kathryn Walker Francis have a family relationship. Peggy Simmons Dear and Betty Simmons Regard have family and business relationships. Natalie (Schatzie) Lee and Carrie Moore Becker have a family relationship. Jennifer Mosle and Paula Mosle have a family relationship. Ann Whitley Wood and Tucker Ford Enthoven have a business relationship. Form 990 Review Process Part VI, Line 11b The Form 990 is prepared by the management of the School with the assistance of Grant Thornton 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 Grant Thornton LLP. Once the draft is finalized, it is distributed to the Board members via email prior to filing with the IRS. Conflict of Interest Policy Monitoring & Enforcement Part VI, Line 12c The conflict of interest policy and questionnaire are distributed to the Board of Trustees at the May (final) board meeting. The conflict of interest policy and questionnaires are distributed to key employees during the same time frame (as they do not all attend the Board meeting). The questionnaires are returned to the office of the CFO and are reviewed for any conflicts. In addition, the Controller and 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. Process for Determining Compensation Part VI, Lines 15a & 15b The Compensation Committee sets the compensation for the Head of School. The Compensation Committee is comprised of the Chairperson 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 Strategic Planning Committee sets the list of benchmark schools as they are used for comparison for various items across the School. 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). The Head uses similar comparable data from NAIS to determine salary levels. The Compensation Committee approves the salaries set by the Head of School. In addition, the compensation agreement between the Head of School and the Compensation Committee is documented in meeting minutes which are retained as part of the year's Board meeting minutes. How Documents are Made Available to the Public Part VI, Line 19 The school's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Investment Management Fees Part IX, Line 11f The Hockaday School nets investment fees against interest and dividend income. These fees include custodial, advisory, and other fees discolsed by certain investment managers that were approximately $545,000 and $560,000 for the years ended June 30, 2013 and 2012, respectively. Executive Committee Part VI, Line 1a 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 Board Chair. Per the School's bylaws, 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 School's progress relative to the long range plan; Setting annual goals for the School and the Head of School; Monitoring the Board's 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. ODTKE Not at Organization's Mailing Address Part VI, Line 9 Mary Pat Higgins Dallas Holocaust Museum 211 N. Record St., Ste. 100 Dallas, TX 75202-3361 Schedule K, Part V Procedures to Undertake Corrective Action During tax year 2012, Hockaday School did not have written procedures to ensure thta violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations. Subsequent to the end of the tax year, the organization finalized a written bond compliance policy. ISAS Group Benefits Trust 12712 Park Central Dr Ste 100 Dallas TX 75251 731366012 VEBA TX 501(c)(9) n/a na false false false false false false false false false false false false false false false false false true false ISAS Group Benefits Trust q 2249944 Cash