2013-05-10T13:33:46-05:00 2012-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2011-07-01 060647018 THE HOTCHKISS SCHOOL HOTC 8604352591 RT 41 AND 112 BOX 800 LAKEVILLE CT 060390800 JOHN P TUKE 8604352591 2013-05-10 1 JOHN TOSCANO CPA P00358542 8606333000 2011 2016-02-24 21:20:13Z JOHN P TUKE RT 41 AND 112 BOX 800 LAKEVILLE CT 060390800 101843957 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. 26 25 460 0 -2459 -730892 13752488 15317803 25057686 26924425 23907661 14136668 6813702 3272280 69531537 59651176 8174140 8496659 0 0 26151348 25554260 217862 26201 3881818 23593507 23007896 58136857 57085016 11394680 2566160 556822911 539942532 74678507 84227934 482144404 455714598 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 38269278 8496659 27532842 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 602 STUDENTS. 38269278 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 X 231 0 1 460 1 0 1 UK CJ BD EI OC 0 0 0 1 1 0 0 0 0 X 26 25 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 PO BOX 800 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 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 PHILIP W PILLSBURY JR 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 295721 0 186186 JOHN TUKE 50.00 X 245619 0 95677 JOSEPH P FLYNN 50.00 X 201311 0 117441 CHRISTOPHER R FRENCH 50.00 X 160557 0 37888 JARED ZELLMAN 50.00 X 157844 0 39299 JON P OSTENDORF 50.00 X 154228 0 70762 JOHN C VIRDEN III 50.00 X 152909 0 27150 1368189 0 574403 21 0 1 0 O&G INDUSTRIES INC 112 WALL STREET TORRINGTON CT 06790 CONSTRUCTION 2630481 SODEXO P O BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES 2457649 CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 60691 INVESTMENT ADVISORY 856803 STERNROBERT AM ARCHITECTS 460 WEST 34TH STREET NEW YORK NY 10001 ARCHITECTUAL, DESIGN SERVICES 469305 CENTERBROOK 67 MAIN ST POBOX 955 CENTERBROOK CT 06409 ARCHITECTS/PLANNERS 411059 25 85000 15232803 2006512 15317803 TUITION AND FEES 611110 26924425 26924425 26924425 2850779 2850779 46499997 6250040 41462986 1162 5037011 6248878 11285889 686388 10599501 55550 85000 27351 28199 28199 686235 701282 -15047 -15047 INVESTMENTS - LTD P/S 523000 2085195 -795904 2881099 OTHER INCOME 900099 875353 608417 266936 CHILD CARE INCOME 611710 191523 191523 107057 107057 3259128 59651176 27532842 -2459 16802990 8496659 8496659 746497 41219 568801 136477 17848163 14003772 1638233 2206158 1996215 1566242 183227 246746 3626375 2259783 1010585 356007 1337010 1049026 122720 165264 446489 446489 82742 82742 26201 26201 1440687 1440687 1720259 1118529 528229 73501 91754 83754 8000 4286857 3692425 234536 359896 552880 552880 2578509 2578362 147 545327 248311 173236 123780 37495 37495 1314966 1314966 6069229 6069229 512875 512875 UBIT PAID 117283 117283 INSTRUCTIONAL EXPENSES 1402336 1402336 MISCELLANEOUS 724668 158453 522196 44019 STUDENT ACTIVITIES & SE 496541 496541 586999 403703 77169 106127 57085016 38269278 14933920 3881818 97913 92260 2766572 3859422 27521363 19680632 584490 294948 500502 372856 467633 461714 1130946 1365754 223022419 67131643 146275316 155890776 47770053 51712357 329708123 306211813 556822911 539942532 2334144 4178600 5929470 6258557 34714928 34729463 31699965 39061314 74678507 84227934 X 282013663 263634204 92663785 75663211 107466956 116417183 482144404 455714598 556822911 539942532 X 2566160 -28995966 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 260.00 1 0 1 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 0.50700 0.31400 0.17900 0 0 3011287 3011287 175193546 48799366 126394180 27167339 16966089 10201250 17650247 1366188 16284059 155890776 INVESTMENTS IN LIMITED PARTNERSHIPS 306211813 F 306211813 CAPITAL LEASE OBLIGATION 410683 INTEREST RATE SWAP 11291587 POST RETIREMENT HEALTH BENEFITS 23084199 DEPOSITS - PREPAID STUDENT EXPENSES 1707736 OTHER 2567109 39061314 59651176 57085016 2566160 -8424093 -20571873 -28995966 -26429806 33539663 -8424093 702444 -7721649 41261312 1557970 16831894 18389864 59651176 59969469 12939082 12939082 47030387 1557970 8496659 10054629 57085016 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: 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 30,2011 AND 2012. THE SCHOOL'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL 2009 ARE NO LONGER SUBJECT TO AUDIT. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT -5,535,342. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION -1,801,826. PARTNERSHIP BOOK VS. TAX DIFFERENCE -8,335,235. PROVISION FOR UNCOLLECTIBLE PLEDGES -4,899,470. TOTAL TO SCHEDULE D, PART XI, LINE 8: -20,571,873. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 701,282. LOSS ON DISPOSAL OF ASSETS 1,162. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 8,496,659. PARTNERSHIP BOOK VS. TAX DIFFERENCE 8,335,235. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 701,282. LOSS ON DISPOSAL OF ASSETS 1,162. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 1,801,826. PROVISION FOR UNCOLLECTIBLE PLEDGES 4,899,470. CHANGE IN VALUE OF SWAP 5,535,342. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 8,496,659. 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 60230000 0 0 0 0 0 0 60230000 0 60230000 1 0 1 1 1 0 X X X X X 1 GRENZEBACH GLIER & ASSOC PO BOX 88277 DEPT A CHICAGO IL 60680 FUTURE CAMPAIGN CONSULTING 0 0 22355 0 22355 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY PORTALS BENEFIT EVENT 140550 85000 55550 27351 140550 85000 55550 27351 27351 28199 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUTURE CAMPAIGN CONSULTING 1 SCHOLARSHIPS 196 8285261 FAIR VALUE FINANCIAL ASSISTANCE SUMMER SCHOOL SCHOLARSHIPS 52 211398 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 295721 0 0 0 0 0 44190 0 141996 0 481907 0 0 0 JOHN TUKE 245619 0 0 0 0 0 43616 0 52061 0 341296 0 0 0 JOSEPH P FLYNN 201311 0 0 0 0 0 35107 0 82334 0 318752 0 0 0 CHRISTOPHER R FRENCH 160557 0 0 0 0 0 27840 0 10048 0 198445 0 0 0 JARED ZELLMAN 157844 0 0 0 0 0 23603 0 15696 0 197143 0 0 0 JON P OSTENDORF 154228 0 0 0 0 0 22366 0 48396 0 224990 0 0 0 JOHN C VIRDEN III 152909 0 0 0 0 0 21173 0 5977 0 180059 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, 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. X 1 35800 FAIR VALUE X 86 1962379 FAIR VALUE X MISCELLANEOUS 5 8333 0 1 0 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 THE BOARD'S COMMITTEE FOR ORGANIZATIONAL REVIEW AND NOMINATING REVIEW MARKET DATA FROM COMPARABLE INSTITUTIONS FOR THE TOP 20 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -8,424,093. CHANGE IN VALUE OF SWAP AGREEMENT -5,535,342. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION -1,801,826. PARTNERSHIP BOOK VS. TAX DIFFERENCE -8,335,235. PROVISION FOR UNCOLLECTIBLE PLEDGES -4,899,470. TOTAL TO FORM 990, PART XI, LINE 5: -28,995,966. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.