2014-05-05T15:46:35-05:00 2013-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2012-07-01 060647018 THE HOTCHKISS SCHOOL HOTC 8604352591 11 INTERLAKEN LAKEVILLE CT 060390800 JOHN P TUKE 8604352591 2014-02-26 1 JOHN TOSCANO P00358542 8606333000 2012 2015-11-30 17:44:51Z JOHN P TUKE 11 INTERLAKEN LAKEVILLE CT 060390800 86706968 0 X WWW.HOTCHKISS.ORG X 1891 CT THE SCHOOL STRIVES TO DEVELOP IN STUDENTS A LIFELONG LOVE OF LEARNING, RESPONSIBLE CITIZENSHIP AND PERSONAL INTEGRITY. 25 24 472 14 -671924 -826370 15317803 25721179 26924425 28045125 14136668 18190327 3272280 1648374 59651176 73605005 8496659 8682911 0 0 25554260 27179751 26201 0 4106578 23007896 24353510 57085016 60216172 2566160 13388833 539942532 579112592 84227934 76341193 455714598 502771399 THE HOTCHKISS SCHOOL STRIVES TO DEVELOP IN STUDENTS A LIFELONG LOVE OF LEARNING, RESPONSIBLE CITIZENSHIP, AND PERSONAL INTEGRITY. WE ARE A COMMUNITY BASED ON TRUST, MUTUAL RESPECT, AND COMPASSION, AND WE HOLD ALL MEMBERS OF THE COMMUNITY ACCOUNTABLE FOR UPHOLDING THESE VALUES. 0 0 45388142 8682911 29015776 THE SCHOOL IS COMMITTED TO MASTERY OF LEARNING SKILLS, DEVELOPMENT OF INTELLECTUAL CURIOSITY, EXCELLENCE AND CREATIVITY IN ALL DISCIPLINES, AND ENTHUSIASTIC PARTICIPATION IN ATHLETICS AND OTHER SCHOOL ACTIVITIES. WE ENCOURAGE OUR STUDENTS TO DEVELOP CLARITY OF THOUGHT, CONFIDENCE AND FACILITY IN EXPRESSING IDEAS, AND ARTISTIC AND AESTHETIC SENSITIVITY. WE EXPECT ALL MEMBERS OF THE COMMUNITY, IN AND OUT OF THE CLASSROOM, TO SUBJECT THEIR VIEWS AND ACTIONS TO CRITICAL EXAMINATION AND TO ACCEPT RESPONSIBILITY FOR THEM. WE HOPE THAT OUR GRADUATES WILL LEAVE HOTCHKISS WITH A COMMITMENT TO SERVICE TO OTHERS AND TO ENVIRONMENTAL STEWARDSHIP, AND WITH A GREATER UNDERSTANDING OF THEMSELVES AND OF THEIR RESPONSIBILITIES IN A GLOBAL SOCIETY. THE ENROLLMENT FOR THE TAX YEAR WAS APPROXIMATELY 593 STUDENTS. 45388142 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 X 217 0 1 472 1 1 1 1 UK CJ BD 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT NY X SHARON L ZAMPKO CONTROLLER 8604353166 11 INTERLAKEN ROAD LAKEVILLE CT 060390800 THOMAS C BARRY 3.00 X 0 0 0 KATHERYN ALLEN BERLANDI 3.00 X 0 0 0 IAN R DESAI 3.00 X 0 0 0 THOMAS J EDELMAN 3.00 X 0 0 0 WILLIAM R ELFERS 3.00 X X 0 0 0 JOHN E ELLIS III MD 3.00 X 0 0 0 LAWRENCE FLINN JR 3.00 X 0 0 0 DIANA GOMEZ 3.00 X 0 0 0 SEAN M GORMAN 3.00 X X 0 0 0 JOHN P GRUBE 3.00 X 0 0 0 ELIZABETH GARDNER HINES 3.00 X 0 0 0 FIROOZEH KASHANI-SABET 3.00 X 0 0 0 ELEANOR GREEN LONG 3.00 X 0 0 0 FORREST E MARS JR 3.00 X X 0 0 0 CHRISTOPHER H MELEDANDRI 3.00 X X 0 0 0 KENDRA S O'DONNELL 3.00 X 0 0 0 THOMAS S QUINN III 3.00 X 0 0 0 JEAN WEINBERG ROSE 3.00 X X 0 0 0 ROGER K SMITH 3.00 X 0 0 0 JANE SOMMERS-KELLY 3.00 X 0 0 0 MARJO TALBOTT 3.00 X 0 0 0 JOHN L THORNTON 3.00 X X 0 0 0 WILLIAM B TYREE 3.00 X X 0 0 0 DANIEL JWILNER 3.00 X 0 0 0 MALCOLM H MCKENZIE 50.00 X X 303803 0 177459 JOHN TUKE 50.00 X 249088 0 97511 KEVIN HICKS 50.00 X 152513 0 64235 JOSEPH P FLYNN 50.00 X 211463 0 123078 JARED ZELLMAN 50.00 X 163428 0 38073 JON P OSTENDORF 50.00 X 159247 0 65526 JOHN C VIRDEN III 50.00 X 156226 0 28743 MERRIT HEMINGWAY MERRIMAN II 50.00 X 141156 0 39627 1536924 0 634252 21 0 1 0 O&G INDUSTRIES INC 112 WALL STREET TORRINGTON CT 06790 CONSTRUCTION 7012708 SODEXO P O BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES 2533582 STERNROBERT AM ARCHITECTS 460 WEST 34TH STREET NEW YORK NY 10001 ARCHITECTUAL, DESIGN SERVICES 1162789 CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 60691 INVESTMENT ADVISORY 661484 SILKTOWN ROOFING INC 27 PLEASANT STREET MANCHESTER CT 06040 ROOF CONTRACTOR 504537 21 25721179 11473955 25721179 TUITION AND FEES 611110 28045125 28045125 28045125 3622562 3622562 16626194 10305862 12306713 57578 4319481 10248284 14567765 55324 14512441 727571 737672 -10101 -10101 STUDENT FEES AND OTHER 900099 1334869 970651 364218 CHILD CARE INCOME 611710 210416 210416 GOLF COURSE INCOME 713910 102170 102170 11020 -829418 840438 1658475 73605005 29015776 -671924 19539974 8682911 8682911 799944 44850 625396 129698 18522622 14622436 1708814 2191372 2051707 1619648 189301 242758 4414171 2955031 1016272 442868 1391307 1098349 128356 164602 292559 292559 88362 88362 1679295 1679295 1594807 1039119 466096 89592 61032 59512 1520 3595679 2963939 237861 393879 580939 580939 3595346 3593912 134 1300 570417 252672 126864 190881 40588 40588 1293003 1293003 6213845 4821444 1392401 617168 617168 UBIT PAID 287801 287801 INSTRUCTIONAL EXPENSES 1659345 1659345 MISCELLANEOUS 774796 228337 481808 64651 STUDENT ACTIVITIES & SE 416103 416103 992425 461794 376242 154389 60216172 45388142 10721452 4106578 92260 96169 3859422 6020733 19680632 14872861 294948 278370 372856 290395 461714 474016 1365754 901818 227350633 73043717 155890776 154306916 51712357 59452829 306211813 331799828 0 10618657 539942532 579112592 4178600 2579062 6258557 5557608 34729463 34744002 39061314 33460521 84227934 76341193 X 263634204 286738074 75663211 95228013 116417183 120805312 455714598 502771399 539942532 579112592 X 13388833 37154211 -3486243 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 260.00 1 0 1 357924170 13189757 44808453 5580043 17410385 1679295 391252657 377478176 11819594 -653583 5861525 23417805 1440687 357924170 328573994 11507329 61798572 4972386 17667321 1762012 377478176 320900125 7765529 26563271 4202108 21048325 1404498 328573994 418765878 6388206 -85637012 5475175 11398520 1743252 320900125 0.51300 0.29300 0.19400 0 0 3011287 3011287 192331658 73043717 119287941 28679483 28679483 3328205 3328205 154306916 INVESTMENTS IN LIMITED PARTNERSHIPS 331799828 F 331799828 CAPITAL LEASE OBLIGATION 74352 INTEREST RATE SWAP 7900024 POST RETIREMENT HEALTH BENEFITS 20751702 DEPOSITS - PREPAID STUDENT EXPENSES 2559435 OTHER 2175008 33460521 X 97543292 37154211 7750965 44905176 52638116 1967096 18999793 20966889 73605005 50486491 920326 920326 49566165 1967096 8682911 10650007 60216172 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: THE EASEMENT IS PART OF A PARCEL OF LAND PURCHASED BY THE SCHOOL IN 2004. IT HAD BEEN CREATED IN THE 1980'S BY THE OWNER OF THE LAND AT THAT POINT IN TIME AND THE LOSS OF ECONOMIC VALUE OF THE EASEMENT HAD BEEN REFLECTED IN THE APPRAISED VALUE OF THE PARCEL. THIS APPRAISAL SERVED AS THE BASIS OF THE PURCHASE PRICE. THE LAND IS REPORTED ON THE SCHOOL'S STATEMENT OF FINANCIAL POSITION AT PURCHASED COST. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS IS DRAWN IN ACCORDANCE WITH THE SCHOOL'S SPENDING POLICY AND USED IN ACCORDANCE WITH DONOR-IMPOSED STIPULATIONS OR, IN THE ABSENCE THEREOF, TO SUPPORT THE SCHOOL'S GENERAL OPERATING EXPENSES, INCLUDING SALARIES, FINANCIAL AID AND FACILITIES MAINTENANCE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAIN INCOME TAX PROVISIONS INCLUDED IN ACCOUNTING STANDARDS CODIFICATION ("ASC") 740. ASC 740 PRESCRIBES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD TO BE RECOGNIZED. THERE ARE NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2012 AND 2013. THE SCHOOL'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL 2010 ARE NO LONGER SUBJECT TO AUDIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 737,672. LOSS ON DISPOSAL OF ASSETS 57,578. CHANGE IN VALUE OF CRUTS 566,494. SWAP 3,391,558. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 2,997,663. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 8,682,911. PARTNERSHIP BOOK VS. TAX DIFFERENCE 10,316,882. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 737,672. LOSS ON DISPOSAL OF ASSETS 57,578. PROVISION FOR UNCOLLECTIBLE PLEDGES 125,076. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 8,682,911. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES THE POLICY ALONG WITH OTHER AREA SCHOOLS IN THE LOCAL NEWSPAPER. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 64420000 EUROPE 0 0 INVESTMENTS 8280000 0 0 0 0 0 0 72700000 0 72700000 1 0 1 1 1 0 SCHEDULE F, PART I, LINE 3(D) INVESTMENTS INCLUDED IN THIS SECTION REFER TO INVESTMENT HOLDINGS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO. 1 SCHOLARSHIPS 221 8484073 FAIR VALUE FINANCIAL ASSISTANCE SUMMER SCHOOL SCHOLARSHIPS 198838 FAIR VALUE FINANCIAL ASSISTANCE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE HOTCHKISS SCHOOL HAS DEDICATED AN INDIVIDUAL IN THE ADMISSIONS OFFICE TO WORK SOLELY WITH FINANCIAL AID. FINANCIAL AID AWARDS ARE ALSO TRACKED ON AN INDIVIDUAL BASIS IN THE BUSINESS OFFICE FOR BILLING PURPOSES. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MALCOLM H MCKENZIE 301303 0 0 0 2500 0 45163 0 132296 0 481262 0 0 0 JOHN TUKE 249088 0 0 0 0 0 44599 0 52912 0 346599 0 0 0 KEVIN HICKS 152513 0 0 0 0 0 17709 0 46526 0 216748 0 0 0 JOSEPH P FLYNN 211463 0 0 0 0 0 41526 0 81552 0 334541 0 0 0 JARED ZELLMAN 163428 0 0 0 0 0 24061 0 14012 0 201501 0 0 0 JON P OSTENDORF 159247 0 0 0 0 0 22797 0 42729 0 224773 0 0 0 JOHN C VIRDEN III 153726 0 0 0 2500 0 21578 0 7165 0 184969 0 0 0 MERRIT HEMINGWAY MERRIMAN II 141156 0 0 0 0 0 18992 0 20635 0 180783 0 0 0 PART I, LINE 1A FOR THE BENEFIT AND CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF SENIOR ADMINISTRATION EFFICIENTLY DISCHARGED AND AS A CONDITION OF THEIR EMPLOYMENT, MOST SENIOR ADMINISTRATORS ARE PROVIDED WITH ON-CAMPUS RESIDENCES AT THE SCHOOL'S EXPENSE. FOR THE CONVENIENCE OF THE SCHOOL, THESE RESIDENCES ARE READILY AVAILABLE AND USED FOR SCHOOL-RELATED BUSINESS AND ENTERTAINMENT FUNCTIONS ON A REGULAR AND CONTINUING BASIS. AS STIPULATED IN THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT, CERTAIN TRAVEL AND ADVISORY EXPENSES ARE BORNE BY THE SCHOOL AND APPROPRIATELY REPORTED AS TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. NONTAXABLE BENEFITS ALSO INCLUDE CERTAIN TUITION REMISSION AMOUNTS, IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 117(D). JUDITH CROUCH WIFE, HEAD OF SCHOOL 55737 COMPENSATION PAID IN CONNECTION WITH ADMINISTRATIVE SUPPORT FOR FUNDRAISING ACTIVITIES. 0 MINDFUL WARRIOR OWNER OF THIS COMPANY IS THE SPOUSE OF A KEY EMPLOYEE OF THE SCHOOL 38200 THE COMPANY PROVIDED STUDENT LEADERSHIP DEVELOPMENT PROGRAMS TO THE SCHOOL 0 X 25 2564877 FAIR VALUE X 1 8484902 FAIR VALUE 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE AMOUNT REPORTED ON LINE 11 REPRESENTS THE RECEIPT OF A BENEFICIAL INTEREST IN A CHARITABLE REMAINDER UNITRUST. THIRD PARTY USE: PART I, LINE 32B: THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH GIFTS OF APPRECIATED SECURITIES ARE RECEIVED AND LIQUIDATED. FORM 990, PART VI, SECTION B, LINE 11 AUTHORITY TO APPROVE THE 990 IS DELEGATED TO THE AUDIT COMMITTEE BY THE BOARD. THE AUDIT COMMITTEE REVIEWS IN DETAIL WITH SCHOOL MANAGEMENT AND ITS AUDITORS. COPIES OF THE 990 ARE THEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CFO COLLECTS AND REVIEWS ALL COMPLETED FORMS, AND THEN PASSES THEM ON TO THE PRESIDENT AND SECRETARY OF THE BOARD AND TO THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL AND PERIODICALLY THE BOARD'S COMMITTEE FOR ORGANIZATIONAL REVIEW AND NOMINATING REVIEW MARKET DATA FROM COMPARABLE INSTITUTIONS FOR THE TOP 20 OR SO PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT ITS ADMINISTRATIVE OFFICES IN LAKEVILLE, CT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENT 3,391,558. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 2,997,663. PARTNERSHIP BOOK VS. TAX DIFFERENCE -10,316,882. PROVISION FOR UNCOLLECTIBLE PLEDGES -125,076. CHANGE IN VALUE OF CRUTS 566,494. FORM 990, PART XII, LINE 2C THE SCHOOL HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.