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MILTON HERSHEY SCHOOL & SCHOOL TRUST: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
MILTON HERSHEY SCHOOL & SCHOOL TRUST (EIN 23-1353340)
Tax period
2009-08-01 to 2010-07-31
Filed
2011-06-15
IRS object ID
201111669349300756
Schema version
2009v1.7
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-06-15T11:45:35-05:00Timestamp
Tax Period End Date2010-07-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12001 MARKET STREET SUITE 3100AddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19103ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-08-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN231353340EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MILTON HERSHEY SCHOOL AND SCHOOL TRUSTBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMILTNameControl
Phone7175201100Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 445AddressLine1
CityHERSHEYCity
StatePAState
ZIP Code17033ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameWILLIAM DAVIESName
TitleCHIEF FINANCIAL OFFICERTitle
Date Signed2011-06-13DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
Phone2155614200Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonANTHONY J COLISTRANameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX 830AddressLine1
CityHERSHEYCity
StatePAState
ZIP Code17033ZIPCode
FieldValueIRS element (for citing)
Gross Receipts512184217GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.MHS-PA.ORGWebSite
Type Of Organization OtherXTypeOfOrganizationOther
Type Of Org Other DescriptionSee Sch OTypeOfOrgOtherDescription
Year Formation1909YearFormation
State Legal DomicilePAStateLegalDomicile
Activity Or Mission DescriptionIN KEEPING WITH MILTON AND CATHERINE HERSHEY'S DEED OF TRUST, MILTON HERSHEY SCHOOL NURTURES AND EDUCATES CHILDREN IN SOCIAL AND FINANCIAL NEED TO LEAD FULFILLING AND PRODUCTIVE LIVES. SEE SCHEDULE O.ActivityOrMissionDescription
Nbr Voting Members Governing Body8NbrVotingMembersGoverningBody
Nbr Independent Voting Members0NbrIndependentVotingMembers
Total Nbr Employees1492TotalNbrEmployees
Total Nbr Volunteers588TotalNbrVolunteers
Total Gross UBI-969140TotalGrossUBI
Net Unrelated Business Txbl Income-976352NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year1449ContributionsGrantsPriorYear
Contributions Grants Current Year41874ContributionsGrantsCurrentYear
Program Service Revenue Prior Year565898ProgramServiceRevenuePriorYear
Program Service Revenue CY636525ProgramServiceRevenueCY
Investment Income Prior Year-5360601InvestmentIncomePriorYear
Investment Income Current Year211039271InvestmentIncomeCurrentYear
Other Revenue Prior Year57718OtherRevenuePriorYear
Other Revenue Current Year-112726OtherRevenueCurrentYear
Total Revenue Prior Year-4735536TotalRevenuePriorYear
Total Revenue Current Year211604944TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year7780835GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY2762757GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year95404827SalariesEtcPriorYear
Salaries Etc Current Year103186517SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year92756723OtherExpensePriorYear
Other Expenses Current Year102312426OtherExpensesCurrentYear
Total Expenses Prior Year195942385TotalExpensesPriorYear
Total Expenses Current Year208261700TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-200677921RevenuesLessExpensesPriorYear
Revenues Less Expenses CY3343244RevenuesLessExpensesCY
Total Assets BOY6967123520TotalAssetsBOY
Total Assets EOY7738773688TotalAssetsEOY
Total Liabilities BOY157042496TotalLiabilitiesBOY
Total Liabilities EOY168602026TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY6810081024NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY7570171662NetAssetsOrFundBalancesEOY
Mission DescriptionMILTON HERSHEY SCHOOL AND SCHOOL TRUST MISSION - SEE SCHEDULE O FOR FURTHER DETAILS.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense60755582Expense
Grants2762757Grants
Revenue0Revenue
DescriptionEducation & Guidance - See Schedule O for further details.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense56103121Expense
Grants0Grants
Revenue0Revenue
DescriptionBoard, Lodging & Clothing - See Schedule O for further details.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense25931130Expense
Grants0Grants
Revenue636525Revenue
DescriptionHealth Services, Recreation & Social Life - See Schedule O for further details.Description
FieldValueIRS element (for citing)
Total Program Service Expense142789833TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArttrueCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Balance Sheet Amounts ReportedtrueBalanceSheetAmountsReported
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With1096327NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees1492NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncometrueUnrelatedBusinessIncome
Form990-T FiledtrueForm990-TFiled
Foreign Financial AccounttrueForeignFinancialAccount
Name Of Foreign CountryLUNameOfForeignCountry
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Nbr Voting Governing Body Members8NbrVotingGoverningBodyMembers
Number Independent Voting Members0NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonGAYLA BUSH HERSHEY TRUST CONamePerson
Telephone Number7175201100TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 445AddressLine1
CityHERSHEYCity
StatePAState
ZIP Code17033ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (33 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationInstitutional TrusteeInstitutionalTrusteeOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployeeFormerFormer
ROBERT F CAVANAUGH
BOARD OF MANAGERS9.0X0128913202954
RAYMOND L GOVER
BOARD OF MANAGERS5.5X01275002953
JAMES M MEAD
BOARD OF MANAGERS6.0X01285392953
JAMES E NEVELS
BOARD OF MANAGERS5.0X0418566122953
VELMA A REDMOND ESQ
BOARD OF MANAGERS6.0X01385462953
ROBERT M REESE
BOARD OF MANAGERS57.0X0141577320822
JOSEPH M SENSER
BOARD OF MANAGERS9.0X01200002953
LEROY S ZIMMERMAN
BOARD OF MANAGERS6.5X0291750218551
HERSHEY TRUST COMPANY
TRUSTEE100000X
ELLIOTT ROBINSON
VP ADMINISTRATION48.0213265066554X
JOAN SINGLETON
VP HUMAN RESOURCES50.0206352064275X
PETER GURT
VP OF STUDENT LIFE50.0248665065630X
JAMES M SHEEHANend 610
VP LEGAL AFFAIRS40.023041811197963009X
ANTHONY J COLISTRA ED D
PRESIDENT(BEG 8/09)46.01607828425071174X
GAYLA M BUSH
TREASURER AND VP FINANCE - HTC43.0024727749014X
WILLIAM DAVIESBEG 1109
CFO48.0022422946306X
ROBERT FEHRS
HEAD - MIDDLE DIVISION55.0195424047191X
ANNETTE COLE GILL
HEAD - ELEMENTARY DIVISION50.0156308039093X
BETH SHAW
EXEC DIRECTOR STUDENT SUPPORT48.0173230039177X
MIKE WELLER
HEAD - SENIOR DIVISION50.0160061039959X
CONNIE MCNAMARA
SR DIRECTOR OF COMMUNICATIONS50.0111997032595X
AL CARBONARA
SR DIRECTOR FINANCIAL SERVICES40.0164614039994X
JANICE L BRATTON
VP AND INV OFFICER - HTC35.0021459940082X
KENNETH GALL
DIRECTOR OF RE - HTC54.0012415439907X
VINCENT B RUDISILL
CHIEF INVESTMENT OFFICER - HTC29.00104231947700X
MARY LOUISE PORTER ESQ
CHIEF COMP OFFICER & SEC - HTC10.0026234425768X
MARLENE NAVADOend 311
DIRECTOR DENTAL SERVICES40.014417305982X
JOHN OSMOLINSKI
SR DIR FACILITIES&TECH SRVCS48.0132957028514X
TIM FAKE
SR DIRECTOR INFORMATION TECH.46.0133072013787X
MARK SEYMOUR
SR DIRECTOR ENROLLMENT40.0131454033472X
SANDRA CULOTTAend 110
SR DIR APPLIED&INTEGRATED SVCS40.0129781022874X
ROBERT C VOWLERend 408
FORMER DIRECTOR-HTC0284442736034X
JOHN O'BRIENEND 709
FORMER PRESIDENT630534075144X
FieldValueIRS element (for citing)
Total Reportable Comp From Org3324087TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs7925165TotalReportableCompFrmRltdOrgs
Total Other Compensation1610327TotalOtherCompensation
Number Individuals GT100 K43NumberIndividualsGT100K
Formers ListedtrueFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

FieldValueIRS element (for citing)
Name PersonSEE SCHEDULE ONamePerson
FieldValueIRS element (for citing)
Address Of ContractorAddressOfContractor
FieldValueIRS element (for citing)
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions41874AllOtherContributions
Total Contributions41874TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
AG MILK AND CROP SALES900099542162542162
MEMORABILIA SALES TO PUBLIC9000995426554265
CONCESSION STAND SALES9000994009840098
FieldValueIRS element (for citing)
Total Program Service Revenue636525TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column160951869TotalRevenueColumn
Unrelated Business Revenue-191473UnrelatedBusinessRevenue
Exclusion$161,143,342ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real5799643Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real5912369Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real-112726Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column-112726TotalRevenueColumn
Unrelated Business Revenue-777667UnrelatedBusinessRevenue
Exclusion$664,941ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities336012988Securities
Other8741318Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities293604173Securities
Other1062731Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities42408815Securities
Other7678587Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column50087402TotalRevenueColumn
Exclusion$50,087,402ExclusionAmount

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Total Other Revenue0TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column211604944TotalRevenueColumn
Related Or Exempt Function Income636525RelatedOrExemptFunctionIncome
Unrelated Business Revenue-969140UnrelatedBusinessRevenue
Exclusion$211,895,685ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total
Program Services0ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total2762757Total
Program Services2762757ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total2324643Total
Program Services1043157ProgramServices
Management And General1281486ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total63835617Total
Program Services54547515ProgramServices
Management And General9288102ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total10617992Total
Program Services7644954ProgramServices
Management And General2973038ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total20623261Total
Program Services14657494ProgramServices
Management And General5965767ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total5785004Total
Program Services4165203ProgramServices
Management And General1619801ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total442548Total
Program Services26441ProgramServices
Management And General416107ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total97717Total
Program Services70356ProgramServices
Management And General27361ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total14444300Total
Management And General14444300ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total3475096Total
Program Services3475096ProgramServices

Advertising Advertising

FieldValueIRS element (for citing)
Total1039836Total
Program Services621372ProgramServices
Management And General418464ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total237540Total
Program Services170110ProgramServices
Management And General67430ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total488525Total
Program Services472025ProgramServices
Management And General16500ManagementAndGeneral

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total7215448Total
Program Services5633948ProgramServices
Management And General1581500ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total686805Total
Program Services670573ProgramServices
Management And General16232ManagementAndGeneral

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total89568Total
Program Services57866ProgramServices
Management And General31702ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total38556959Total
Program Services30074428ProgramServices
Management And General8482531ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total3621397Total
Program Services3348579ProgramServices
Management And General272818ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneralProgram ServicesProgramServices
TRUST EXPENSES1035311210353112
CONTRACTED SERVICES627561334968002778813
FOOD,CLOTHING,HOUSE ITEMS61666841892525977432
EQUIPMENT RENTAL&MAINTENANCE278105911645951616464
SUPPLIES19598441406041819240

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total4380375Total
Program Services1156010ProgramServices
Management And General3224365ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total208261700Total
Program Services142789833ProgramServices
Management And General65471867ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY76499030BOY
EOY74445817EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY16115548BOY
EOY19380064EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY1851196BOY
EOY1304048EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY2112175BOY
EOY2133346EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis1093390516LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec366331054LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY742326425BOY
EOY727059462EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY1766549009BOY
EOY1863164333EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY4361670137BOY
EOY5051286618EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY6967123520BOY
EOY7738773688EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY157042496BOY
EOY168602026EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY157042496BOY
EOY168602026EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY937888263BOY
EOY929005573EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY5872192761BOY
EOY6641166089EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY6810081024BOY
EOY7570171662EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY6967123520BOY
EOY7738773688EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts
Collect Used For Public ExhibitionXCollectUsedForPublicExhibition
Collect Used For Scholar ResearchXCollectUsedForScholarResearch
Collect Used For PreservationXCollectUsedForPreservation
Solicited Assets For SalefalseSolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance5872192761BeginningOfYearBalance
Investment Earnings Or Losses768973328InvestmentEarningsOrLosses
End Of Year Balance6641166089EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance6233173623BeginningOfYearBalance
Investment Earnings Or Losses-360980862InvestmentEarningsOrLosses
End Of Year Balance5872192761EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis77896673OtherCostOrOtherBasis
Book Value77896673BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Investment Cost Or Other Basis45173298InvestmentCostOrOtherBasis
Other Cost Or Other Basis889005679OtherCostOrOtherBasis
Depreciation307055912Depreciation
Book Value627123065BookValue
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovements

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis81314866OtherCostOrOtherBasis
Depreciation59275142Depreciation
Book Value22039724BookValue
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings727059462TotalOfBookValueLandBuildings
Financial DerivativesFinancialDerivatives
Closely Held Equity InterestsCloselyHeldEquityInterests
Total Of Book Value Securities0TotalOfBookValueSecurities
Total Revenue211604944TotalRevenue
Total Expenses208261700TotalExpenses
Excess Or Deficit For Year3343244ExcessOrDeficitForYear
Net Unrealized GL On Investments761637913NetUnrealizedGLOnInvestments
Other-$4,890,519OtherAmount
Total Adjustments756747394TotalAdjustments
Excess Or Deficit Per FS760090638ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt973628182TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments761637913NetUnrealizedGainsInvestments
Other Revenues-4890519OtherRevenues
Revenue Not Rptd F990756747394RevenueNotRptdF990
Revenue Subtotal216880788RevenueSubtotal
Other Revenues Not Included-5275844OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt-5275844RevenueNotRptdOnFinStmt
Total Revenue Per Form990211604944TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt213537544TotExpensesEtcAuditedFinclStmt
Other Expenses Included5275844OtherExpensesIncluded
Expenses Not Rptd F9905275844ExpensesNotRptdF990
Expenses Subtotal208261700ExpensesSubtotal
Total Expenses Per Form990208261700TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
SCHEDULE D, PART III, LINE 4MAINTAINING COLLECTIONS OF ART/HISTORICAL TREASURES, OR SIMILARTHE DEPARTMENT OF SCHOOL HISTORY AND THE MHS HERITAGE CENTER AT KINDERHAUS PROVIDE FOR THE CARE AND MANAGEMENT OF THE HISTORICAL ASSETS OF THE MILTON HERSHEY SCHOOL COMMUNITY. THE HISTORICAL ASSETS (COLLECTION) CONSIST OF ARCHIVAL RECORDS AND DOCUMENTS, THREE DIMENSIONAL OBJECTS, INTERPRETIVE EXHIBITS, AND HISTORICAL CAMPUS BUILDINGS WHICH HELP TO DOCUMENT THE LIVES AND VALUES OF MILTON AND CATHERINE HERSHEY AS FOUNDERS OF OUR SCHOOL, THE HISTORY AND TRADITIONS OF THE SCHOOL AS AN INSTITUTION, AND THE STORIES OF THE STUDENTS, STAFF, AND ALUMNI WHO MAKE UP THE SCHOOL COMMUNITY. EXCLUDED FROM THIS MANDATE ARE LEGAL BOARD RECORDS, STUDENT RECORDS, AND ALUMNI RECORDS.
SCHEDULE D, PART V, LINE 4ENDOWMENT FUNDSThe endowment funds are intended to be used to fund the general operations of the Milton Hershey School and School Trust. The endowment funds and other investment assets of the Milton Hershey School Trust (the "Assets") are invested for the long term because the school is to exist in perpetuity per the desire of Milton Hershey as stated in the Deed of Trust. The assets are invested to ensure that funds are available to meet current and future obligations of the school. The Board and the Trustee continually review the performance of the Assets. The Board also periodically reviews the process of investing the Assets with the assistance of the Trustee and third-party investment consultants. They have a disciplined process to review asset allocation, manager selection, and outside manager fees, as well as the detailed Investment Policy and Guidelines.
SCHEDULE D, PART X, LINE 2FIN 48 FOOTNOTETAX POSITIONS ARE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY THAN-NOT" THRESHOLD FOR POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST ADOPTED THIS GUIDANCE EFFECTIVE AUGUST 1, 2009. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST'S ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS TO RECOGNIZE TAX POSITIONS IF THEY ARE PROBABLE OF BEING ULTIMATELY REALIZED. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST DOES NOT BELIEVE THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT SHOULD BE RECORDED.
SCHEDULE D, PART XI, LINE 8RECONCILIATION OF CHANGE IN NET ASSETS FROM FORM 990 TO AUDITED FIN STMTSUNRECOGNIZED PENSION & POST RETIREMENT BENEFIT COST (4,890,519)
SCHEDULE D, PART XII, LINE 2DRECONCILIATION OF REVENUE PER AUDITED FIN STMTS WITH REVENUE PER RETURNUNRECOGNIZED PENSION & POST RETIREMENT BENEFIT COST (4,890,519)
SCHEDULE D, PART XII, LINE 4BRECONCILIATION OF REVENUE PER AUDITED FIN STMTS WITH REVENUE PER RETURNRENTAL EXPENSE (RECLASS) (5,912,369) PROGRAM SERVICE REVENUE (RECLASS) 636,525 ------------- (5,275,844)
SCHEDULE D, PART XIII, LINE 2DRECONCILIATION OF EXPENSES PER AUDITED FIN STMTS WITH EXPENSES PER RETURNRENTAL EXPENSE (RECLASS) 5,912,369 PROGRAM SERVICE REVENUE (RECLASS) (636,525) ------------- 5,275,844

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Pub Via Broadcast Media ExplnTHE APPLICATION FOR ADMISSION STATES "MILTON HERSHEY SCHOOL ADMITS STUDENTS OF ANY RACE AND DOES NOT DISCRIMINATE IN THE ADMINISTRATION OF ITS POLICIES AND PROGRAMS." WE INCLUDE ON OUR WEBSITE, IN PUBLICATIONS AND IN CORRESPONDENCE WITH PERSPECTIVE STUDENTS, COMPLETE DISCLOSURES OF OUR "NONDISCRIMINATION POLICY."PubViaBroadcastMediaExpln
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedfalseGovernmentFinancialAidReceived
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable

FieldValueIRS element (for citing)
RegionEurope (Including Iceland and Greenland)Region
Type Of Activities ConductedInvestmentsTypeOfActivitiesConducted

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantCONTINUING EDUCATION SCHOLARSHIPSTypeOfGrant
Number Of Recipients479NumberOfRecipients
Amount Of Cash Grant2762757AmountOfCashGrant

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierSEE SCHEDULE O FOR FURTHER DETAILSIdentifier

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelXFirstClassOrCharterTravel
Travel For CompanionsXTravelForCompanions
Idemnification Gross Up PaymentsXIdemnificationGrossUpPayments
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Club Dues Or FeesXClubDuesOrFees
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymenttrueSeverancePayment
Supplemental Nonqual Retire PlantrueSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (26 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
ELLIOTT ROBINSON
186223000270420483940181600279819000
JOAN SINGLETON
182174000241780434470208280270627000
PETER GURT
224336000243290489090167210314295000
JAMES M SHEEHANend 610
2008721119790029546050519012490029342711197900
ANTHONY J COLISTRA ED D
1008294425050000400009953030172026286147162172409896600
JOHN O'BRIENEND 709
20816507500003473690369950381490705678000
ROBERT FEHRS
171185000242390296040175870242615000
ANNETTE COLE GILL
14831500079930206990183940195401000
BETH SHAW
1730090002210226640165130212407000
MIKE WELLER
1591790008820264000135590200020000
AL CARBONARA
15487800097360248840151100204608000
MARLENE NAVADOend 311
14406300011000059820150155000
JOHN OSMOLINSKI
1325290004280117550167590161471000
MARK SEYMOUR
1313080001460172340162380164926000
ROBERT F CAVANAUGH
01289130000020000002954033186700
JAMES E NEVELS
0418566000001200000295305415190130953
ROBERT M REESE
012328430165983016947000208220143659500
LEROY S ZIMMERMAN
0251750040000000200000018551051030100
GAYLA M BUSH
016163608447501166036759012255029629100
JANICE L BRATTON
0136003077968062803213407948025468100
KENNETH GALL
01018550219980301019050020857016406100
VINCENT B RUDISILL
035474406752980122770367500109500109001900
MARY LOUISE PORTER ESQ
0208181053521064206895018873028811200
ROBERT C VOWLERend 408
013934100027050860154000206340288046102705086
WILLIAM DAVIESBEG 1109
0172740034551016938020020026286027053500
SANDRA CULOTTAend 110
1297810000000228740152655000

Form990 Schedule J Part III Form990ScheduleJPartIII (7 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
SCHEDULE J, PART I, LINE 1AFirst Class Travel and Travel for CompanionsBoard Travel: The joint Board Travel Reimbursement Policy of Milton Hershey School AND Hershey Trust Company states "Coach airfare will be reimbursed. If Board members choose to fly first or business class, they will be responsible for the cost difference." Infrequently the President and Managing Director of Hershey Trust Company approves first class travel for those board members who live a great distance from Hershey, PA when frequent meetings are scheduled. Spouse/Dependent Travel: Spousal travel costs to attend the retreat and/or graduation are treated as taxable income to the board of managers member by Hershey Trust Company. Dependent travel costs to attend graduation are treated as taxable income to the board of managers member by Hershey Trust Company. The Joint Board Travel Reimbursement Policy of Milton Hershey School AND HERSHEY TRUST COMPANY states "Spouses may be invited to Board retreats and graduation at the discretion of the School or Trust Company. Children are not invited to attend regular Board meetings or the retreat. (If children accompany the Board member, all charges related to the children are the responsibility of the Board member.) However, children may be invited to attend the graduation weekend events and celebration. For this occasion, transportation, lodging, and meals for the children, as well as for spouses, will be covered and reported as taxable income to the Board member."
SCHEDULE J, PART I, LINE 1AHousing Allowance or Residence for Personal UseCertain Milton Hershey School officers are provided with a housing allowance of $15,457 per year, which is included in reportable compensation and is taxable to them. The President of Milton Hershey School is provided a residence on campus for his personal and public use. This residence is owned by the Milton Hershey School Trust. The value of this benefit (fair market value of rental) plus operating costs are nontaxable benefits. The President has an employment contract which includes a provision to provide housing.
SCHEDULE J, PART I, LINE 1AHealth Club DuesAll employees of the Milton Hershey School are eligible for reimbursement of health club dues not to exceed $120 per annum for single membership and $240 for a family membership. Schedule J, Part I, LINE 1A Tax Indemnification and Gross-up Payments Certain officers of the Milton Hershey School receive minor tax gross-up payments.
SCHEDULE J, PART I, LINE 4ASEVERANCE PAYMENTRobert C. Vowler, former President and director of Hershey Trust Company, was paid $140,000 by the related for-profit company as a severance payment. SCHEDULE J, PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN Robert C. Vowler, former President and director of Hershey Trust Company, was paid $2,705,086 by the related for-profit company from a supplemental nonqualified retirement plan.
SCHEDULE J, PART IISPECIAL RETIREMENT PAYMENT & PERFORMANCE BONUSReported for Anthony Colistra is $50,000 as compensation that relates to acceptance of the presidency of Milton Hershey School. The amount is reported on Schedule J, Part II "Bonus & Incentive Compensation." Reported for John O'Brien, former president of Milton Hershey School, is a $200,000 special retirement payment in lieu of an executive retirement plan pursuant to his employment contract executed August 15, 2006. This payment pertains to the period January 1, 2008 through December 31, 2008 and was paid on January 9, 2009. In addition a pro rata payment in lieu of an executive retirement plan of $125,000 for the period January 1, 2009 through July 31, 2009 was paid in July 2009. Both payments are combined and reported on Schedule J, Part II as "Other Reportable Compensation." SCHEDULE J, PART II CONSULTING ARRANGEMENT The former President John O'Brien was paid $75,000 to assist the new President Anthony Colistra or any other Milton Hershey School officers with items related to past or ongoing projects. The payment is reported as "Bonus & Incentive Compensation" on Schedule J, Part II.
SCHEDULE J-2Reportable CompensationMr. and Mrs. Hershey organized the Milton Hershey School ("the School") in the form of a trust ("School Trust") created under an original 1909 Deed of Trust that, as amended, still governs the operation of the School. The Deed of Trust sets forth the respective powers and authorities of the trustee and Managers of the School, names the Hershey Trust Company, a state-chartered trust company, as trustee for compensation of no more than $1,000 per year and provides for the trustee to appoint the individual Managers of the School from its own Board of Directors. The Managers subsequently incorporated. That corporation, acting as manager under the deed of trust, together with the School Trust are the components of the integrated tax-exempt organization, the Milton Hershey School and School Trust (EIN: 23-1353340). Mr. Hershey created the same structure for his other charity, The M.S. Hershey Foundation. As a result of the structure created by Mr. Hershey, Hershey Trust Company: (A) serves as trustee for the $7 billion Milton Hershey School & School Trust (administration of which trust includes responsibility for (1) The Hershey Company, a Fortune 500 company; (2) Hershey Entertainment & Resorts Company, a $218 million resort and entertainment company; (3) an actively managed portfolio of approximately $3.3 billion in securities and other investments; and (4) approximately 12,000 acres of real estate; (B) serves as trustee for the $28 million actively managed portfolio of the M.S. Hershey Foundation Trust; (C) serves as trustee of the actively managed portfolio of the Derry Township School District; and (D) operates a private wealth management business with $1.1 billion of assets under management. The compensation of Board members serving on the boards of any of the related for-profit entities (Hershey Trust Company, Hershey Entertainment & Resorts Company and The Hershey Company) is commensurate with their responsibilities with respect to the relevant for-profit entity. The following information details the compensation arrangements of the Board of Managers who are compensated by related for-profit entities. None of the compensation was paid directly by Milton Hershey School and School Trust (EIN 23-1353340). Robert F. Cavanaugh Compensation reported consists only of director fees received from related for-profit companies, Hershey Trust Company (EIN 23-0692150) and The Hershey Company (EIN 23-0691590). Raymond L. Gover Compensation reported consists only of director fees received from a related for-profit company, Hershey Trust Company (EIN 23-0692150). James M. Mead Compensation reported consists only of director fees received from a related for-profit company, Hershey Trust Company (EIN 23-0692150). James E. Nevels Compensation reported consists only of director fees received from related for-profit companies, Hershey Trust Company (EIN 23-0692150) and The Hershey Company (EIN 23-0691590). Velma A. Redmond Compensation reported consists only of director fees received from a related for-profit company, Hershey Trust Company (EIN 23-0692150). Robert Reese Mr. Reese served on the boards of Milton Hershey School and School Trust (EIN 23-1353340), Hershey Trust Company (EIN 23-0692150) and Hershey Entertainment & Resorts Company (EIN 23-0691815). He received no compensation for serving on these boards. See the description below for his compensation as the Managing Director (Chief Executive Officer) of Hershey Trust Company. Joseph M. Senser Compensation reported consists only of director fees received from a related for-profit company, Hershey Trust Company (EIN 23-0692150). LeRoy S. Zimmerman Compensation reported consists only of director fees received from related for-profit companies, Hershey Trust Company (EIN 23-0692150), The Hershey Company (EIN 23-0691590) and Hershey Entertainment & Resorts Company (EIN 23-0691815). The following information details the compensation arrangements of certain officers and key employees of the Milton Hershey School and School Trust and/or related entities who devote a substantial amount of their time to Milton Hershey School and School Trust matters. They are compensated by related for-profit entities. Their compensation is determined by independent compensation consultants. This process is based on position comparables taking into account responsibilities and duties, authority, and objectives. None of their compensation, employee benefit contributions or non-taxable benefits was paid directly by the Milton Hershey School and School Trust during the reporting period. Janice L. Bratton Ms. Bratton serves as Vice President and Investment Officer of Hershey Trust Company, Heritage Trusts (EIN: 23-0692150), a for-profit related corporation. Gayla M. Bush Ms. Bush serves as the Treasurer of Hershey Trust Company and Milton Hershey School and School Trust and Vice President, Finance of Hershey Trust Company, Heritage Trusts (EIN: 23-0692150), a for-profit related corporation. William E. Davies Mr. Davies served as Treasurer of Hershey Entertainment & Resorts Company (EIN: 23-0691815), a for-profit company wholly owned by Milton Hershey School and School Trust, from 1/1/09 to 11/15/09 and commencing 11/16/09, as the Chief Financial Officer of Milton Hershey School and School Trust and Hershey Trust Company (EIN: 23-0692150), a for-profit related corporation. Kenneth Gall Mr. Gall serves as the Director Real Estate of Hershey Trust Company, Heritage Trusts (EIN: 23-0692150), a for-profit related corporation. Mary Louise Porter, Esq. Ms. Porter serves as Chief Compliance Officer of Hershey Trust Company and General Counsel and Secretary of Hershey Trust Company, Private Wealth Management Group (EIN: 23-0692150), a for-profit related corporation. Ms. Porter was formerly employed by The Hershey Company prior to the commencement of her employment with Hershey Trust Company on March 2, 2009. As an employee of The Hershey Company, Ms. Porter received compensation and benefit coverage from The Hershey Company during calendar year ending December 31, 2009 that is included in the reported compensation. Ms. Porter succeeded James Sheehan as General Counsel of Milton Hershey School in June 2010. As the current form 990 discloses compensation from the calendar year 2009, none of the amounts disclosed were paid by Milton Hershey School and School Trust during the reporting period. Robert Reese In addition to serving on the boards mentioned above, Mr. Reese is the Managing Director (Chief Executive Officer) and President of a related, for-profit company, Hershey Trust Company (EIN 23-0692150). Of Mr. Reese's compensation of $1,232,843, $334,500 is retroactive-pay for his prior year (2008) service as Managing Director and President that was not paid until 2009. Mr. Reese retired from The Hershey Company prior to his employment with Hershey Trust Company. As a retiree, Mr. Reese received pension, deferred incentive payouts and benefit coverage from The Hershey Company during the reporting period that is included in the reported compensation. Vincent B. Rudisill Mr. Rudisill serves as the Assistant Secretary of Hershey Trust Company and the Chief Investment Officer of Hershey Trust Company, Heritage Trusts (EIN: 23-0692150), a for-profit related corporation. Robert C. Vowler Mr. Vowler was an officer and director of the related for-profit entity, Hershey Trust Company (EIN 23-0692150) until April 2008. Compensation reported consists of amounts paid by Hershey Trust Company in accordance with an advisor contract executed April 7, 2008 and non-taxable benefits received during 2009 from Hershey Entertainment & Resorts Company as a retired director of the company. Hershey Trust Company Hershey Trust Company, Trustee, is paid $1,000 annually for its services as stipulated in the Deed of Trust. The Trustee's actual time spent per week on Milton Hershey School and School Trust matters would be an accumulation of the officer and staff time. Each officer's individual time is detailed on Schedule J-2. COMPENSATION DISCLOSURES FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE MILTON HERSHEY SCHOOL and SCHOOL TRUST: James M. Sheehan, Esq. Mr. Sheehan served as General Counsel of Hershey Trust Company (EIN: 23-0692150), a for-profit related corporation and as the Vice President, Legal Affairs & External Relations of Milton Hershey School and School Trust (EIN 23-1353340) until June 2010. The compensation reported in column (E) of Part VII and in row (ii) of Schedule J, Part II includes base salary paid by Hershey Trust Company for services as General Counsel of Hershey Trust Company. the amounts included in columns (d) and (f) of Part VII and row (i) of Schedule J were paid by Milton Hershey School and School Trust for his services as Vice President, Legal Affairs & External Relations of Milton Hershey School. Anthony J. Colistra, Ed.D. In August 2009, Dr. Colistra was appointed President of Milton Hershey School. Dr. Colistra was a board m
SCHEDULE J-2HOURS SPENT ON RELATED ORGANIZATIONSThe following indicates Milton Hershey School AND School Trust Managers, officers and key employees who are also directors, officers or key employees of related organizations and the hours spent per week on duties for these related organizations: Hershey M.S. Hershey Entertain Hershey Hershey Trust & Resorts Company Fdn Company ROBERT F CAVANAUGH - 6 - Footnote(1) ANTHONY J COLISTRA 1.5 - - - RAYMOND L GOVER - - 1 Footnote(1) JAMES M MEAD - - 1 Footnote(1) JAMES E NEVELS - 17 - Footnote(1) VELMA A REDMOND - - 1 Footnote(1) ROBERT REESE 4 - 3 Footnote(1) JOSEPH M SENSER - - - Footnote(1) LEROY S ZIMMERMAN 2 2.5 1 Footnote(1) JANICE L BRATTON - - .5 20 GAYLA M BUSH - - 2 10 WILLIAM DAVIES - - 2 Footnote(1) KENNETH GALL - - 1 Footnote(1) MARY LOUISE PORTER - - 5 40 VINCENT B RUDISILL - - 2 10 JAMES M SHEEHAN - - 3 15 ROBERT C VOWLER - - - - FOOTNOTE (1)- Time spent on Hershey Trust Company matters is included in the Milton Hershey School and School Trust average hours worked per week on Form 990, Part VII, Section A, Column (b).

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (15 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
FORM 990, PART I, LINE 1 & FORM 990, PART III, LINE 1Milton Hershey School & School Trust MissionUnable to have children of their own, Milton and Catherine Hershey signed the Deed of Trust establishing Milton Hershey School ("the School") in 1909. For more than 100 years the mission of the School has remained the same - to provide a nurturing home and school to children in need. Today, the school serves about 1,800 students from pre-k to 12th grade, who come from families in social and financial need. The School provides a family-like community which holistically supports each student. Milton Hershey School and School Trust is unlike any other organization. It must operate under the terms of the Deed of Trust and provides a unique breadth of services including education and guidance, boarding, lodging, and clothing, as well as health services, recreation and social life activities to its students. Housing, food, clothing, dental and medical care are provided to all of the children served, at absolutely no financial cost to the children or their families. No tuition is charged, and families are not subjected to any fees. Students live in more than 140 student homes with 10-12 students of similar ages. A married houseparent couple lives in each home, and acts as surrogate parents to the students, providing supervision, comfort and counsel. In their senior year, the School students move in to Transitional Living apartments. In their senior year, students live together in buildings which house several two-bedroom apartments, and they are responsible for managing their money, cooking some of their own meals, and budgeting their time. The program was implemented to better prepare students for life after graduation. The School cares for its students 24-hours a day, and operates year-round, including holidays and during the summer. Because the School strives to prepare students for a successful future, every high school student can earn approximately $80,000 to use for postsecondary education. Milton Hershey School and School Trust is an integrated tax-exempt organization composed of the not-for-profit corporation, acting as manager under the deed of trust, and the trust itself. This informational return is required to include the expenses of the organization as a whole, with detail as required by the form instructions. As a result, this return includes all expenses of serving the students enrolled in the School and the costs of administering the investments held in trust. Part III - Program Service Accomplishments: EDUCATION AND GUIDANCE: Milton Hershey School and School Trust provides for the education, physical, social, and psychological needs of its students. The School has a rigorous academic program which has received measurable results. Although students often come to the School with knowledge far below their grade-level, the dedicated staff help bridge that knowledge gap. Students perform quite well on the state standardized tests, and even outperform students from some of the top school districts in the state in some subject areas. In addition to academics, the School stresses career technical education, so that each student graduates equipped to enter the world of work. About 90 percent of 12th graders completed at least one state or national certification exam in their career/technical area. The School operates year-round, with more than 70 percent of its students attending during one or more summer weeks, and about 100 students staying on campus even during holiday breaks. A variety of programs are offered throughout the summer, providing academic and cultural enrichment for the children. BOARD, LODGING, AND CLOTHING: Students live in student homes with 10 to 12 children of similar ages and the same gender. They are provided nutritious meals and snacks. During the period covered by this report, the School's food services provided 2.5 million meals, using 66,000 gallons of milk, 53,000 pounds of ground beef, 29,000 dozen eggs, and 11,000 pounds of American cheese. In addition, each student receives a complete wardrobe, including everything from underwear and pajamas, to swimsuits and winter coats. The School's clothing center conducted 3,598 individual clothing fittings for students during this period. HEALTH SERVICES, RECREATION & SOCIAL LIFE: All students receive regular physical and dental checkups from the School, as well as any other necessary health services. Last year, the School's dental professionals performed more than 30,500 procedures - from teeth cleanings to orthodontic work. There were more than 47,000 medical visits by students to the School's medical professionals, which include nurses, a physician and consulting medical specialists. In keeping with its concern for the well-being of the whole student, the School provides a vast number of recreational opportunities to its students. Those opportunities include organized sports activities, visual and performing arts opportunities, scouting programs, academic organizations, and clubs centered on hobbies. In all, the School offers more than 100 extracurricular activities and clubs. FORM 990, PART IV, QUESTION 28B Transactions with Interested Persons Although not required to be reported on Schedule L, the Milton Hershey School and School Trust chooses to disclose the following information: Anthony B. Seitz is a family member of board member LeRoy S. Zimmerman. Anthony B. Seitz is a partial owner of Delta Development Group, Inc. (the Company). The Company provides transportation consulting services for Hershey Trust Company, Hershey Entertainment & Resorts Company and The Hershey Company. Delta Development Group, Inc. was paid $139,088 in total by the three related companies during the reporting period. The Milton Hershey School and School Trust paid Delta Development Group, Inc. $6,359 during the period for consulting related to real estate development. None of the $6,359 was lobbying.
FORM 990, PART VI, SECTION A, LINE 2FAMILY/BUSINESS RELATIONSHIPSeveral of the board of managers members and officers of the filing organization also serve as directors and officers of business entities that are related to this filing organization. Other than their overlapping service on related company boards, they have no family or business relationships with each other. Please see Form 990, Schedule R for further information. FORM 990, PART VI, SECTION A, LINE 7A Election of Members of Governing Body The Milton Hershey School and School Trust have a unique, self-perpetuating, interlocking and integrated governance structure. Mr. and Mrs. Hershey organized the School in the form of a trust (the "School Trust") created under an original 1909 Deed of Trust that, as amended, still governs the operation of the School. The Deed of Trust sets forth the respective powers and authorities of the Trustee and individual Managers of the School and names the Hershey Trust Company ("HTC"), a state chartered trust company, as Trustee for compensation of no more than $1,000 per year. Under the Deed of Trust, the Trustee is directed to hold title to all School property and all investments and assets that support the School. The individual managers, in turn, are not permitted to hold School assets, but are otherwise generally responsible for managing the School, including with respect to admissions, the program of educating and full-time caring for the children, and employment decisions. As required under the Deed of Trust, the members of the Board of Managers of the Milton Hershey School and School Trust are appointed by the Trustee from among the Trustee's own Board of Directors. Since Mr. Hershey's death in 1945, all of the stock of HTC has been owned by the Milton Hershey School and School Trust. The Milton Hershey School and School Trust's 100% ownership of the stock of HTC has ensured a self-perpetuating, interlocking governance structure for the School because the HTC stock carries the right to elect the directors of HTC and in turn to appoint the Board of Managers of the Milton Hershey School and School Trust from among HTC's own Board of Directors. The same eight individuals serve on the Board of Directors of HTC and the Board of Managers of the Milton Hershey School and School Trust.
FORM 990, PART VI, SECTION B, LINE 11Form 990 Review ProcessThe Milton Hershey School and School Trust's Form 990 is prepared under direction of the Senior Director-Finance of Milton Hershey School and School Trust and the Vice President, Finance & Treasurer of Hershey Trust Company, Trustee. The Form 990 is reviewed by additional members of Milton Hershey School and School Trust management, and outside counsel and by Milton Hershey School and School Trust's independent tax advisor, who signs the return as the "Paid Preparer." The Audit Committee of the Board of Managers reviews and discusses the Form 990 at one of its scheduled meetings prior to filing the return with the IRS. Additionally, the Form 990 is provided to the full Board of Managers, noting key disclosures, prior to the filing of the Form 990 with the IRS. Due to the significant changes made in the 990 form first used for the fiscal year ending 7/31/09, both management and the Milton hershey School and School Trust's independent tax advisors reviewed the changes with the Audit Committee and the full board on several occasions over the last three years.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTERESTThe Board of Managers, Officers and key employees of the Milton Hershey School and School Trust have a fiduciary relationship with the Milton Hershey School and School Trust which requires that they act in good faith with regard to the Milton Hershey School and School Trust's best interests. It is essential in fulfilling their duties that they apply the highest moral, legal, and ethical standards in their conduct and business relationships. The Milton Hershey School and Hershey Trust Company, trustee for the Milton Hershey School Trust, have written conflict of interest policies which are intended to permit the Milton Hershey School and School Trust and its Managers, Officers and other key employees to identify, evaluate and address any conflict of interest that might call into question this fiduciary duty to the Milton Hershey School and School Trust. The conflict of interest policy covering the Managers of the Milton Hershey School and School Trust and the directors of Hershey Trust Company is documented in their governance guidelines manual. The conflict of interest policy covering Officers and other key employees of Milton Hershey School and School Trust is documented in Milton Hershey School and School Trust's Conflict of Interest policy. The conflict of interest policy covering Officers and other key employees of Hershey Trust Company, Trustee for Milton Hershey School and School Trust, is documented in Hershey Trust Company's ethical standards, conflict of interest, and code of conduct sections of its policy manuals. Each Manager, Director, Officer and key employee is required to avoid all activity that could create a conflict of interest or even give an appearance of a conflict of interest. Any conflicts of interest are to be reported as soon as practical after they become aware of such a conflict. Annually each Manager, Director, Officer and key employee is required to complete an Annual Statement of Disclosure. The forms identify vendors, investments, other board memberships, and family members that could give rise to conflicts of interest. The statements are reviewed by the General Counsel, the Senior Director-Finance and purchasing department personnel at the Milton Hershey School, as well as the Vice President, Finance, and accounting personnel at Hershey Trust Company in order for them to be aware of activities that could give rise to conflicts of interest. Potential conflicts of interest related to managers, directors, officers and key employees are brought to the attention of the President of Milton Hershey School or the President or compliance officer of Hershey Trust Company. The relevant President (or his designee) determines the corrective measure, if any, to be taken to resolve the conflict, or will impose appropriate restrictions, if any, on the person with the conflict. For conflicts of interest involving the Presidents or managers/directors, the matter would be discussed with the Audit Committee of the Board of Directors of the Hershey Trust Company or the board of managers of the Milton Hershey School. The Joint Audit Committee, in consultation with the other board members, excluding such conflicted person, has the final approval of any recommended corrective measures or imposed restrictions.
FORM 990, PART VI, SECTION B, LINES 15A AND 15BCOMPENSATION PROCESSAn independent compensation consultant evaluates and compares the compensation of the officers and senior directors of Milton Hershey School and School Trust to similarly qualified persons in functionally comparable positions at similarly situated organizations to determine that it is fair and reasonable. This process occurs at the initial hire of the officer/senior director and at regular intervals thereafter, but not less frequently than every five years. The compensation information is reviewed and approved by the Board of Managers, the governing body of the Milton Hershey School, who do not have any conflict of interest with respect to the compensation arrangements of the officers and senior directors. The review of the compensation of the officers and senior directors, including detail on the deliberations and decisions, is contemporaneously documented within the minutes from the Board meeting. A file with position descriptions, resumes of officers and senior directors, the report of the independent compensation consultant and a copy of the applicable board minutes is maintained by the Milton Hershey School and School Trust. The compensation of the officers and key employees of Hershey Trust Company, Trustee of Milton Hershey School and School Trust is determined by periodic review (generally, at least every 3 years) by third party compensation consultants to determine it is fair and reasonable. The compensation of the statutory officers (President, Secretary, and Treasurer) and also the Compliance Officer is fixed by the Board of Directors of Hershey Trust Company in accordance with Section 5 of its bylaws. The President and Managing Director of Hershey Trust Company approves compensation of the other officers and key employees and reports this compensation to the Board of Directors or a designated committee of the Board of Directors as any changes are made. The members of the Board of Managers of Milton Hershey School and School Trust do not receive any direct compensation from Milton Hershey School and School Trust. The Managers receive compensation from Hershey Trust Company as directors of the Trust Company in accordance with Section 16 of its bylaws. The compensation is reviewed at least every three years by nationally recognized third party compensation consultants. Independent counsel opines on the compensation process for determining compensation of officers, as appropriate, that is in accordance with the "rebuttable presumption of reasonableness" procedures set out in the regulations for section 4958 of the Internal Revenue Code.
FORM 990, PART VI, SECTION C, LINE 17STATE FILING OF FORM 990THE FORM 990 IS NOT REQUIRED TO BE FILED IN THE STATE OF PENNSYLVANIA; HOWEVER, A COPY IS DELIVERED TO THE PENNSYLVANIA OFFICE OF THE ATTORNEY GENERAL FOR THEIR REVIEW.
FORM 990, PART VI, SECTION C, LINE 19PUBLIC AVAILABILITY OF GOVERNING DOCUMENTSTHE DEED OF TRUST ESTABLISHING THE MILTON HERSHEY SCHOOL TRUST IS POSTED ON THE MILTON HERSHEY SCHOOL WEBSITE. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS OTHER GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST DOES HAVE ITS FORM 990 POSTED ON ANOTHER WEBSITE, GUIDESTAR. INCLUDED IN THE 990 ARE CERTAIN FINANCIAL STATEMENT COMPONENTS FOR REVIEW. THE FORM 990 AND TAX EXEMPTION LETTER ARE PROVIDED TO ANYONE WHO REQUESTS THEM IN ACCORDANCE WITH IRS REGULATIONS. FORM 990, PART VII, SECTION B INDEPENDENT CONTRACTORS NAME & ADDRESS DESCRIPTION OF SERVICES COMPENSATION BDT CAPITAL INVESTMENT BANKING $3,556,937 401 NORTH MICHIGAN AVENUE CHICAGO, IL 60611 WARFEL CONSTRUCTION CONSTRUCTION $3,372,923 1110 ENTERPRISE ROAD E. PETERSBURG, PA 17520 PYRAMID CONSTRUCTION CONSTRUCTION $2,230,482 4425 VALLEY STREET ENOLA, PA 17025 SILCHESTER INVESTMENT MGMT $1,207,396 780 THIRD AVENUE NEW YORK, NY 10017 MID-STATE CONSTRUCTION $1,119,267 638 ANTOINE STREET HARRISBURG, PA 17105 TOTAL NUMBER OF INDEPENDENT CONTRACTORS (INCLUDING THOSE LISTED ABOVE) WHO RECEIVED MORE THAN $100,000 IN COMPENSATION FROM THE ORGANIZATION: 39
FORM 990, PARTS VIII AND IXDETAIL OF REVENUES AND EXPENSESPart VIII, Statement of Revenue (LOWER RIGHT CORNER PAGE #10) Milton Hershey Milton Hershey Line School Trust School Total 1f CONTRIBUTIONS 41,874 0 41,874 2 PROGRAM SERVICE REV 0 636,525 636,525 3 INVESTMENT INCOME 160,951,869 0 160,951,869 6 NET RENTAL INCOME (112,726) 0 (112,726) 7(i)GAIN ON SALE-SECURITIES 42,408,815 0 42,408,815 7(ii)GAIN ON SALE-OTHER 7,645,087 33,500 7,678,587 12 TOTAL REVENUE 210,934,919 670,025 211,604,944 Part IX, Statement of Functional Expenses (LOWER RIGHT CORNER PAGE #11) Milton Hershey Milton Hershey Line School Trust School Total 2 GRANTS TO INDIVIDUALS 0 2,762,757 2,762,757 5 COMPENSATION OFFICERS 1,000 2,323,643 2,324,643 7 OTHER SALARIES & WAGES 0 63,835,617 63,835,617 8 PENSION PLAN CONTRIBUTIONS 0 10,617,992 10,617,992 9 OTHER EMPLOYEE BENEFITS 0 20,623,261 20,623,261 10 PAYROLL TAXES 0 5,785,004 5,785,004 11b LEGAL FEES 0 442,548 442,548 11c ACCOUNTING FEES 0 97,717 97,717 11f INVEST MANAGEMENT FEES 14,444,300 0 14,444,300 11g OTHER FEES FOR SERVICES 0 3,475,096 3,475,096 12 ADVERTISING 0 1,039,836 1,039,836 13 OFFICE EXPENSES 0 237,540 237,540 14 INFORMATION TECHNOLOGY 0 488,525 488,525 16 OCCUPANCY 0 7,215,448 7,215,448 17 TRAVEL 0 686,805 686,805 19 CONFERENCES MEETINGS 0 89,568 89,568 22 DEPRECIATION AMORTIZATION 0 38,556,959 38,556,959 23 INSURANCE 0 3,621,397 3,621,397 24a TRUST EXPENSES(*) 10,353,112 0 10,353,112 24b CONTRACTED SERVICES 0 6,275,613 6,275,613 24c FOOD,CLOTHING,HOUSE ITEMS 0 6,166,684 6,166,684 24d EQUIPMENT MAINTENANCE 0 2,781,059 2,781,059 24e OPERATING SUPPLIES 0 1,959,844 1,959,844 24f ALL OTHER EXPENSES 0 4,380,375 4,380,375 26 TOTAL FUNCTIONAL EXPS 24,798,412 183,463,288 208,261,700 (*) TRUST EXPENSES INCLUDE LEGAL, CONSULTING AND OTHER EXPENSES RELATED TO MANAGEMENT OF THE ENDOWMENT.
FORM 990, PART IX, LINE 11GOTHER FEES FOR SERVICETHIS AMOUNT IS FOR HOSPITAL, MEDICAL, AND DENTAL SERVICES PROVIDED FOR THE STUDENTS.
FORM 990, PART X, LINE 27 (LOWER RIGHT CORNER PAGE #12)UNRESTRICTED NET ASSETSMilton Hershey Milton Hershey School Trust School Total Cash 31,713,664 15,595 31,729,259 Investments 327,101,558 0 327,101,558 Accounts Receivable 10,932,426 674,742 11,607,168 Inventories for sale/use 0 1,304,048 1,304,048 Prepaid/deferred charges 0 2,133,347 2,133,347 Property Equipmt,at cost 998,123,800 82,153,592 1,080,277,392 Less: Accumulated Dep. (307,055,912) (59,275,142) (366,331,054) Current liabilities (4,138,182) (154,677,963) (158,816,145) Net Unrestricted Assets 1,056,677,354 (127,671,781) 929,005,573 FORM 990, PART X BALANCE SHEET DETAIL PART X, LINE 11 PUBLICLY TRADED SECURITIES U.S. GOVERNMENT OBLIGATIONS $ 382,246,565 FMV AGENCY BONDS 94,209,728 FMV CORPORATE BONDS 301,000,477 FMV COMMON STOCKS-OTHER 1,085,707,563 FMV -------------- TOTAL PART X, LINE 11 $1,863,164,333 PART X, LINE 12 CLOSELY-HELD EQUITY INTERESTS THE HERSHEY COMPANY - COMMON SHARES $ 588,126,087 FMV HERSHEY ENTERTAINMENT RESORTS 218,744,000 FMV HERSHEY TRUST COMPANY 38,193,749 FMV THE HERSHEY CO - CLASS B SHARES 2,848,764,564 FMV -------------- SUB-TOTAL CLOSELY-HELD INTERESTS $3,693,828,400 PART X, LINE 12 (CONTINUED) OTHER FUNDS - OTHER $1,011,112,598 FMV REIT FUNDS 11,779,406 FMV ALTERNATIVE ASSETS-MARKETABLE 43,025,097 FMV ALTERNATIVE ASSETS-NON MARKETABLE 291,541,117 FMV -------------- SUB-TOTAL OTHER $1,357,458,218 TOTAL PART X, LINE 12 $5,051,286,618
SCHEDULE CLobbying Activities of Related OrganizationsAlthough not technically lobbying, the Milton Hershey School and School Trust paid $76,523 during the reporting period to a consultant to maintain contact with local legislators for zoning and transportation issues as well as for security services. The Hershey Trust Company, a for-profit corporation wholly owned by the Milton Hershey School and School Trust, paid a consultant $81,656 during the reporting period for consulting on transportation issues. Of this amount, $42,656 was for Pennsylvania lobbying services. Hershey Trust Company, Hershey Entertainment & Resorts Company, and The Hershey Company paid a consultant $139,088 during the reporting period for consulting on transportation issues. Of this amount, $46,750 was for Federal lobbying services. Hershey Entertainment & Resorts Company, a for-profit corporation wholly owned by the Milton Hershey School and School Trust, had state lobbying expenses of $126,775 during the reporting period. Their political action committee made disbursements of $8,750 during the reporting period. The Hershey Company, a for-profit corporation, files quarterly lobbyist disclosure reports that detail the issues being lobbied and the dollar value of time dedicated to each reportable issue. These reports are filed as follows: United States House of Representatives (quarterly) ID # 3127490000 United States Senate (quarterly) ID # 18103-12 Pennsylvania Department of State (quarterly) P-00745; L-00972 Filed reports represent expenditures relating to both internal and external resources. SCHEDULE I, PART I, QUESTION 2 GRANTS & ASSISTANCE TO INDIVIDUALS - MONITORING THE USE OF GRANT FUNDS The Continuing Education Scholarship (CES) has been established to provide scholarship assistance to eligible Milton Hershey School graduates pursuing full-time study towards an accredited, classroom-based undergraduate program of at least nine months in length that is intended to lead to a diploma, certificate or degree from a U.S. institution. The CES program supplements a student's post-secondary costs by helping to pay for STANDARD full-time tuition, fees, room and board costs (and possibly a basic college health insurance plan) not covered by other forms of gift aid at accredited U.S. schools. The Milton Hershey School, through CES Office staff, utilizes a combination of the following "source documents" to validate scholarship eligibility and college cost & financial aid data: college academic transcripts/grades, standardized cost and aid assessment form that is completed by the Institution's Financial Aid Office (Release Form), college bills, signed copies of leases/rental agreements, receipts, Degree Completion Evaluations, and other documentation as needed. SCHEDULE I, PART III GRANTS & ASSISTANCE TO INDIVIDUALS IN THE U.S. The Milton Hershey School maintains a continuing education scholarship program for students who graduated prior to and including the spring of 2004, under which grants are made to students to pursue postsecondary education. The grants under this program will cover all eligible continuing education expenses that exceed grant aid from all sources and a $2,000 annual contribution by the student. The payment of the full amount of these grants is dependent upon the student's annual academic performance and certain other conditions. A liability is established for the estimated amounts to be paid upon granting of the scholarship. Significant assumptions in determining the liability for this program include participation rates, discount rates, and college tuition inflation rates, and are based on historical trends of the program. The Milton Hershey School maintains a continuing education scholarship program for students graduating after the spring of 2004, where scholarship credits are earned gradually each year of high school. The maximum award for the graduating class of 2010 will be $79,000. The maximum award may be increased every year to match the average U.S. college inflation rate. The earning of the scholarship award is dependent on the students' annual academic performance and certain other conditions. Upon inception of this program, current high school students were awarded the scholarship credit for grades previously completed. Students that had graduated in or prior to the spring of 2004 were not affected by the new policy. Significant assumptions in determining the liability for this program include participation and discount rates. The expense recognized for the continuing education programs described above was $2,762,757, and $7,780,835 during the years ended July 31, 2010 and 2009, respectively, and is included in continuing education programs on the statement of activities of the Milton Hershey School and School Trust financial statements. The amount reported covers the 479 students currently receiving continuing education scholarships as well as the 822 students earning credits toward their future scholarships. Schedule I, Part III, column (c): The amount reported in column (c) "Amount of cash grant" consists of $4,587,684 of cash grants paid during the year, reduced by $1,824,927 which represents a reduction in the tuition accrual for grants to be paid in future years. The net of these amounts totals $2,762,757.
SCHEDULE R, PART IDisregarded EntitiesThe Milton Hershey School and School Trust owns 100% of MHST Corpus LLC and MHST Income LLC. Both are Pennsylvania single-member limited liability companies. The LLCs principal activity will be the acquisition, holding and development of rent-producing real estate, and their principal source of revenue will be rent. They are disregarded single-member LLCs for tax purposes. MHST Corpus LLC holds investment real estate; MHST Income LLC does not currently have any assets or income. All of MHST Corpus LLC's rental income and expenses are included in the Milton Hershey School and School Trust's financial statements.
SCHEDULE R, PART IIRelated tax-exempt organizationsThe M.S. Hershey Foundation (EIN 23-6242734) is a Pennsylvania nonprofit that is exempt from Federal tax pursuant to Internal Revenue Code Section 501(c)(3). Milton Hershey funded the Foundation in 1935 and appointed Hershey Trust Company as its trustee. The Foundation has several operations in Hershey, Pennsylvania including the Hershey Story, Hershey Gardens, Hershey Community Archives and the Hershey Theatre. The members of the Board of Managers of the Foundation are appointed by the Hershey Trust Company, in its capacity as trustee, from among its own board of directors. Together the trustee and board of managers serve as the governing body of the Foundation. Hershey Cemetery Company (EIN 23-1973529) is a Pennsylvania cemetery company that is exempt from Federal tax pursuant to IRC Section 501(c)(13). Hershey Trust Company operates the Cemetery Company and is trustee of the Hershey Cemetery Perpetual Maintenance Fund Trust (EIN: 23-6629638) that was established to provide funding for perpetual maintenance for the Hershey Cemetery. Hershey Cemetery is the final resting place of Milton & Catherine Hershey. The Hershey Trust Company and the Hershey Cemetery Company are related to Milton Hershey School and School Trust. The Dearden House Advisory Board (EIN 20-2579678) is a Pennsylvania nonprofit that is exempt from Federal tax pursuant to Internal Revenue Code Section 501(c)(3). The nonprofit's mission is to promote and enhance the education and general welfare of the students and alumni of the School; to achieve closer cooperation between the School and alumni, in the interest of the education and general welfare of the students and alumni; to develop among teachers, administration, students, alumni and the general public such programs and activities as will secure for all students and alumni the highest advantages in physical, mental and social education and development; to serve as a clearing house for the gathering and dissemination of information and know-how in furtherance of the foregoing purposes; and to solicit and accept donations, gifts, grants, legacies and bequests to further the foregoing purposes. Per its governing instrument, several of the board members are selected from the officers of the Milton Hershey School and School Trust or are appointed by the President of the Milton Hershey School.
SCHEDULE R, PART IVRelated Organizations Taxable as a Corporation or TrustThe Milton Hershey School and School Trust holds 32.1% of the outstanding combined Common and Class B shares of the Hershey Company. Each share of the Class B common stock entitles its holder to 10 votes. The Milton Hershey School and School Trust has 80% of all votes entitled to be cast on matters requiring the vote of common stock and class B common stock voting together. Columns (F) and (G) reflect the Milton Hershey School and School Trust's 32.1% share of the Hershey Company's total income and end-of-year assets. Column (H) reflects the Milton Hershey School and School Trust's total combined voting power.
SCHEDULE R, PART VTransactions with related organizationsThe following is a transaction between the Milton Hershey School and School Trust and related organizations reported on Schedule R, Parts II and IV that is not required to be reported per the instructions to Schedule R because it is below the threshold. Fee for performance of trustee service by Hershey Trust Company was $1,000. Schedule R-1, Part V, Line 2 (ITEM 7) The Milton Hershey School celebrated its 100-year anniversary in 2009. The Hershey Company participated in the School's anniversary during 2009, and continuing into 2010, by sponsoring television advertisements, documentaries, and Queen Latifah's promotion of the Milton Hershey School as well as candy packaging advertisements. The value of this benefit during the reporting period was $5,100,000. Schedule R-1, Part V, Line 2 (ITEM 9) During the reporting period, the Milton hershey School and School Trust swapped three tax parcels and cash of $148,385 for twenty-three Hershey Entertainment & Resorts Company tax parcels. The total value of real estate swapped was approximately $7.8 million, resulting in a $7.6 million gain by the Milton Hershey School and School Trust. Schedule R-1, Part V, Line 2 (ITEM 10) Hershey Entertainment & Resorts Co. provided Hersheypark and Giant Center tickets to Milton Hershey School students at no cost. The value of these benefits was $243,558. Schedule R-1, Part V, Line 2 (ITEM 11) Hershey Entertainment & Resorts Co. also participated in the Milton Hershey School's Anniversary by sponsoring a free concert and refreshments for the Milton Hershey School students and the Milton Hershey School employees. The value of this benefit during the reporting period was $150,767.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateTotal IncomeTotalIncomeEOY AssetsEOYAssetsDirect Controlling Entity NADirectControllingEntityNA
MHST CORPUS LLC
PO BOX 445HERSHEYPA17033271451942RE RENTALPA2980712956240N/A
MHST INCOME LLC
POX BOX 445HERSHEYPA17033271451914RE RENTALPA00N/A

Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
THE MS HERSHEY FOUNDATION
PO BOX 445HERSHEYPA17033236242734EDUCATIONPA501(C)(3)9HTC Trustee
DEARDEN HOUSE ADVISORY BOARD
PO BOX 830HERSHEYPA17033202579678SVCS TO ALUM.PA501(C)(3)7NA
HERSHEY CEMETERY COMPANY
PO BOX 445HERSHEYPA17033231973529CEMETERYPA501(C)(13)na

Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Type Of EntityTypeOfEntityShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsPercentage OwnershipPercentageOwnership
HERSHEY TRUST COMPANY
PO BOX 445HERSHEYPA17033230692150STATE TRUST COPAHTC TrusteeC CORP9987014464106431.00000
HERSHEY ENTERTAINMENT & RESORTS CO
27 W CHOCOLATEHERSHEYPA17033230691815ENTERTAINMENTPAHTC TrusteeC CORP2509350443405571691.00000
THE HERSHEY CO
100 CRYSTAL A DRHERSHEYPA17033230691590CONFECTIONARYPAHTC TrusteeC CORP79252252611469967810.80000
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiestrueReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgtrueSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetstrueExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgstruePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgtrueReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgtrueReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (11 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
HERSHEY ENTERTAINMENT & RESORTS CO
A347946
HERSHEY TRUST COMPANY
A449683
THE HERSHEY COMPANY
A220000
THE MS HERSHEY FOUNDATION
A45983
HERSHEY ENTERTAINMENT & RESORTS CO
O709215
THE MS HERSHEY FOUNDATION
O76955
THE HERSHEY COMPANY
P5100000
HERSHEY ENTERTAINMENT & RESORTS CO
F100000
HERSHEY ENTERTAINMENT & RESORTS CO
H148385
HERSHEY ENTERTAINMENT & RESORTS CO
P243558
HERSHEY ENTERTAINMENT & RESORTS CO
P150767

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