2013-11-06T14:50:08-06:00 2013-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2012-07-01 060646674 HOPKINS SCHOOL INCORPORATED HOPK 2033971001 986 FOREST ROAD NEW HAVEN CT 06515 DAVID E BAXTER 2033971001 2013-11-05 1 JOHN TOSCANO CPA P00358542 8606333000 2012 2016-02-24 21:20:13Z HOPKINS SCHOOL BARBARA M RILEY 986 FOREST ROAD NEW HAVEN CT 06515 55854521 0 X WWW.HOPKINS.EDU X 1660 CT A PRIVATE CO-EDUCATIONAL INSTITUTION FORMED TO EDUCATE STUDENTS FROM GRADES 7 THROUGH 12. 24 23 332 0 32514 -76226 4381922 7987851 22437896 24369447 3539221 2739688 182856 200358 30541895 35297344 2502360 2900748 0 0 16350645 17144597 0 0 1532490 8445493 9510423 27298498 29555768 3243397 5741576 143146766 157080562 27278785 27269343 115867981 129811219 TO CONDUCT AND MANAGE A SCHOOL FOR YOUNG MEN AND WOMEN 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 23710408 2900748 24509406 ACADEMIC INSTRUCTION, ATHLETIC & STUDENT ACTIVITIES, FOOD SERVICE & OTHER SUPPORT FOR 709 STUDENTS. 23710408 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 114 0 1 332 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CT X THE ORGANIZATION 2033971001 986 FOREST ROAD NEW HAVEN CT 06515 G KELLY MARTIN 5.00 X X 0 0 0 MICHAEL A THOMAS 1.00 X X 0 0 0 JUDITH A SMITH 1.00 X X 0 0 0 ALEXANDER C BANKER 1.00 X X 0 0 0 BARBARA M RILEY 50.00 X X 434900 0 44010 DAVID R BAILIN 1.00 X 0 0 0 LINCOLN W CAPLAN 1.00 X 0 0 0 CAROLINE K DAIFOTIS 1.00 X 0 0 0 LISA M DEANGELIS 1.00 X 0 0 0 BRUCE DELMONICO 1.00 X 0 0 0 RICHARD A FERGUSON 1.00 X 0 0 0 JOHN GEANAKOPLOS 1.00 X 0 0 0 PAUL GEWIRTZ 1.00 X 0 0 0 GLENN S HAVLICEK 1.00 X 0 0 0 ERIC A KUTCHER 1.00 X 0 0 0 DAVID LEFFELL 1.00 X 0 0 0 MARK H LYNCH 1.00 X 0 0 0 AVI NASH 1.00 X 0 0 0 PAMELA C PAULMANN 1.00 X 0 0 0 STACEY JACKSON PERKINS 1.00 X 0 0 0 FARZAD A RASTEGAR 1.00 X 0 0 0 BARBARA MULLIN ROSIELLO 1.00 X 0 0 0 MICHAEL A STRATTON 1.00 X 0 0 0 MICHAEL W VRANOS 1.00 X 0 0 0 DAVID E BAXTER 40.00 X 201041 0 43163 THOMAS A PARR 40.00 X 125141 0 40219 R JOHN ROBERTS 40.00 X 125054 0 31064 JAMES P WALSH 40.00 X 119282 0 32553 PAMELA R MCKENNA 40.00 X 115769 0 18419 KEVIN HART 40.00 X 107885 0 20273 1229072 0 229701 13 0 1 0 FLIK INDEPENDENT SCHOOL DINING PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 776893 MESA EXCAVATION & PAVING INC 181 SCHAFFER ROAD BETHANY CT 06524 CONSTRUCTION SERVICES 326105 ABM JANITORIAL SERVICES NORTHEAST INC 321 WEST 44TH ST SUITE 701 NEW YORK NY 10036 CLEANING SERVICE 230207 THE GEORGE ELLIS COMPANY PO BOX 1462 NEW HAVEN CT 06506 HVAC AND RELATED SERVICES 174334 NEW HAVEN BUS SERVICE INC PO BOX 407 NEW HAVEN CT 06513 TRANSPORTATION SERVICE 165865 10 7987851 117166 7987851 TUITION & FEES 611600 24178868 24178868 OTHER FEES 611600 114701 114701 PUBLICATIONS 611600 34948 34948 APPLICATION 611600 26744 26744 LATE PAYMENT FEES 611600 14186 14186 24369447 665917 665917 41010 0 41010 41010 13125 27885 22267364 20147683 45910 2119681 -45910 2073771 2073771 432977 363584 69393 69393 CHALLENGE COURSE 611600 70566 70566 LIMITED PARTNERSHIP INCOME - SCHE 523000 19389 19389 89955 35297344 24509406 32514 2767573 2900748 2900748 699725 699725 11414587 10027022 717847 669718 1104796 957969 80678 66149 3040750 2714670 192442 133638 884739 757517 76098 51124 1193327 1193327 27062 27062 60476 60476 2283785 1829132 325520 129133 6870 6870 388948 106447 91667 190834 125896 125646 115 135 491636 442472 44247 4917 81270 42385 1595 37290 320724 118986 70336 131402 663774 497831 165943 2211966 1990769 199077 22120 116080 116080 RENTALS 318331 284465 3273 30593 SUPPLIES 279718 247589 27307 4822 REPAIRS 208842 208842 MISCELLANEOUS 162701 69186 47534 45981 569017 388732 165651 14634 29555768 23710408 4312870 1532490 1519 692 6149048 8795808 3654145 7403546 8027 9702 15042 64501 72010639 21265210 49658142 50745429 30625258 29160861 50255068 58052198 2780517 2847825 143146766 157080562 2298465 3173483 7577555 7228303 16180247 15662376 1222518 1205181 27278785 27269343 X 62875371 66625273 15030239 19480295 37962371 43705651 115867981 129811219 143146766 157080562 X 5741576 8574535 -372873 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66661710 2300807 8633691 1140732 1676923 74778553 65318384 2177796 1697770 1003684 1528556 66661710 53915808 3897117 9900395 936523 1458413 65318384 47840486 3254933 5213710 887290 1506031 53915808 56603685 1876902 -8198220 898577 1543304 47840486 0.27900 0.50100 0.22000 0 0 2332847 2332847 60928619 16773235 44155384 6819205 4491975 2327230 1929968 1929968 50745429 U.S. LARGE CAP EQUITY FUNDS 8889683 F GLOBAL EX U.S. EQUITY FUNDS 8014274 F ALTERNATIVE ABSOLUTE RETURN 33410105 F ALTERNATIVE REAL ESTATE 4023121 F ALTERNATIVE GLOBAL PRIVATE EQUITY 3508458 F ALTERNATIVE TIMBER, OIL AND GAS 206557 F 58052198 ANNUITIES PAYABLE 889184 INTEREST PAYABLE 315997 1205181 X 40121999 8574535 363584 8938119 31183880 1193327 2920137 4113464 35297344 25825277 363584 363584 25461693 1193327 2900748 4094075 29555768 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2010 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 363,584. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,900,748. PARTNERSHIP BOOK VS. TAX DIFFERENCE 19,389. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - BOOKSTORE 363,584. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,900,748. 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 NONDISCRIMINATION POLICY PUBLISHED IN THE LOCAL NEWSPAPER ANNUALLY. 1 STUDENT SCHOLARSHIPS / FINANCIAL AID 134 2900748 FAIR VALUE TUITION DISCOUNT PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE 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. SCHEDULE I, PART I, LINE 2: HOPKINS SCHOOL FINANCIAL AID PROGRAM IS NEED-BASED. FAMILIES INTERESTED IN RECEIVING FINANCIAL AID FILL OUT 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 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 387550 0 0 0 47350 0 36750 0 7260 0 478910 0 0 0 DAVID E BAXTER 201041 0 0 0 0 0 22156 0 21007 0 244204 0 0 0 THOMAS A PARR 125141 0 0 0 0 0 13310 0 26909 0 165360 0 0 0 R JOHN ROBERTS 125054 0 0 0 0 0 14451 0 16613 0 156118 0 0 0 JAMES P WALSH 119282 0 0 0 0 0 14224 0 18329 0 151835 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 RESIDE LOCAL TO THE SCHOOL. IN CONSIDERATION THEREOF, MS. RILEY RECEIVES A HOUSING ALLOWANCE OF $35,300 PER YEAR AND A UTILITY ALLOWANCE OF $5,000 PER YEAR. IN ADDITION, MS. RILEY RECEIVES $2,500 PER YEAR AS AN ALLOWANCE FOR SOCIAL CLUB DUES SO SHE HAS ACCESS TO ARRANGE SOCIAL FUNCTIONS AND EVENTS OF BENEFIT TO THE SCHOOL. PART I, LINE 4B BARBARA M. RILEY; SECTION 457(B) PLAN; THE SCHOOL HAS MADE NO CONTRIBUTIONS TO THE PLAN. 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 9117934 992853 182358 7942723 2009 0 0 1 1 B 7873388 596428 7119492 157468 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 X 24 117166 FMV AT DATE OF DONATION 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE SCHOOL LIQUIDATES ALL GIFTS OF SECURITIES THROUGH AN ACCOUNT HELD WITH A THIRD-PARTY FINANCIAL INSTITUTION. 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 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS -353,484. PARTNERSHIP BOOK VS. TAX DIFFERENCE -19,389. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.