2011-05-10T08:38:50-05:00 2010-06-30 JH COHN LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2009-07-01 060647018 THE HOTCHKISS SCHOOL HOTC 8604352591 RT 41 AND 112 BOX 800 LAKEVILLE CT 060390800 john p tuke 8604352591 2011-05-07 1 FRANK SAMBOR 8606333000 2009 2016-02-24 21:20:13Z john p tuke RT 41 AND 112 BOX 800 LAKEVILLE CT 060390800 85644016 0 X WWW.HOTCHKISS.ORG X 1891 CT THE HOTCHKISS SCHOOL IS COMMITTED TO MASTERY OF LEARNING SKILLS, DEVELOPMENT OF INTELLECTUAL CURIOSITY, EXCELLENCE AND CREATIVITY IN ALL DISCIPLINES, AND ENTHUSIASTIC PARTICIPATION IN ATHLETIC AND OTHER SCHOOL ACTIVITIES. WE ENCOURAGE OUR STUDENTS TO DEVELOP CLARITY OF THOUGHT, CONFIDENCE AND FACILITY IN EXPRESSING IDEAS, AND ARTISTIC AND AESTHETIC SENSITIVITY. WE EXPECT ALL MEMBERS OF THE COMMUNITY, IN AND OUT OF THE CLASSROOM, TO SUBJECT THEIR VIEWS AND ACTIONS TO CRITICAL EXAMINATION AND TO ACCEPT RESPONSIBILITY FOR THEM. WE HOPE THAT OUR GRADUATES WILL LEAVE HOTCHKISS WITH A COMMITMENT TO SERVICE TO OTHERS AND TO ENVIRONMENTAL STEWARDSHIP, AND WITH A GREATER UNDERSTANDING OF THEMSELVES AND OF THEIR RESPONSIBILITIES IN A GLOBAL SOCIETY. 24 24 333 0 -878582 -1068715 15500297 17173414 23749741 24603285 45766509 8666943 2624058 -231675 87640605 50211967 6799012 7652159 0 24017806 24201631 273000 1779805 22916074 22261149 53732892 54387939 33907713 -4175972 495699994 511270488 74075058 77815897 421624936 433454591 The Hotchkiss School strives to develop in students a lifelong love of learning, responsible citizenship, and personal integrity. We are a community based on trust, mutual respect, and compassion, and we hold all members of the community accountable for upholding these values. 0 0 37541546 7652159 25704464 THE HOTCHKISS SCHOOL STRIVES TO PREPARE STUDENTS FOR FURTHER EDUCATION AND RESPONSIBLE CITIZENSHIP. THE SCHOOL ENCOURAGES STUDENTS TO PURSUE A MASTERY OF LEARNING SKILLS, DEVELOPMENT OF INTELLECTUAL CURIOSITY AND ARTISTIC SENSITIVITY, EXCELLENCE AND CREATIVITY IN ALL DISCIPLINES, ACTIVE INVOLVEMENT IN ATHLETICS AND OTHER SCHOOL ACTIVITIES, AND THE GREATEST POSSIBLE UNDERSTANDING OF ONESELF AND OF ONE'S ROLE IN SOCIETY. HOTCHKISS ALSO ECOURAGES STUDENTS TO DEVELOP CLARITY OF THOUGHT, CONFIDENCE AND FACILITY IN EXPRESSING IDEAS, WILLINGNESS TO SUBJECT THEIR VIEWS TO CRITICAL EXAMINATION AND THE CAPACITY TO ASSUME RESPONSIBILITY FOR THEM. THE SCHOOL EXPECTS MEMBERS OF THE COMMUNITY TO RESPOND SENSITIVELY TO THE NEEDS OF OTHERS. THE CURRENT STUDENT ENROLLMENT IS APPROXIMATELY 589. 37541546 1 1 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 69 0 1 333 1 0 1 UK CJ BD EI OC 0 0 0 0 0 0 0 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT NY X m h merriman 2nd controller 8604353166 PO BOX 800 11 interlaken road LAKEVILLE CT 060390800 THOMAS C BARRY 3.00 X 0 0 0 KATHERYN ALLEN BERLANDI 3.00 X 0 0 0 IAN R DESAI 3.00 X 0 0 0 THOMAS J EDELMAN 3.00 X 0 0 0 WILLIAM R ELFERS 3.00 X X 0 0 0 JOHN E ELLIS III 3.00 X 0 0 0 LAWRENCE FLINN JR 3.00 X 0 0 0 DIANA GOMEZ 3.00 X 0 0 0 SEAN M GORMAN 3.00 X X 0 0 0 JOHN P GRUBE 3.00 X 0 0 0 ELIZABETH GARDNER HINES 3.00 X 0 0 0 FIROOZEH KASHANI-SABET 3.00 X 0 0 0 ELEANOR GREEN LONG 3.00 X 0 0 0 FORREST E MARS JR 3.00 X X 0 0 0 CHRISTOPHER H MELEDANDRI 3.00 X 0 0 0 KENDRA S O'DONNELL 3.00 X 0 0 0 PHILIP W PILLSBURY JR 3.00 X 0 0 0 PETER J ROGERS JR 3.00 X 0 0 0 JEAN WEINBERG ROSE 3.00 X X 0 0 0 ROGER K SMITH 3.00 X 0 0 0 JANE SOMMERS-KELLY 3.00 X 0 0 0 MARJO TALBOTT 3.00 X 0 0 0 JOHN L THORNTON 3.00 X X 0 0 0 WILLIAM B TYREE 3.00 X 0 0 0 Malcolm H McKenzie 50.00 X 294316 0 154458 John P Tuke 50.00 X 242741 0 92821 christopher r french 50.00 X 204828 0 53828 jared zelman 50.00 X 155352 0 36478 jon p ostendorf 50.00 X 151543 0 67417 john c virden III 50.00 X 139329 0 24709 jeffery navin 50.00 X 138178 0 17429 1326287 0 447140 19 0 1 0 cambridge associates llc po box 10317 uniondale NY 115550317 endowment management 983427 honeywell international bldg solutions 12490 collections center drive chicago IL 60693 systems management and installation 490628 wiggin & dana 265 church street 14 new haven CT 065107001 legal service 166622 vanzelm heywood & shadford 10 talcott notch road farmington CT 060321881 engineering consultant and installation 125801 program management group llc 42 brockway road woodstock CT 06282 project management 107540 6 17173414 1297900 17173414 TUITION AND FEES 611710 24603285 24603285 24603285 1492035 1492035 41846533 32635118 2036507 9211415 -2036507 7174908 -11519 7186427 706227 760424 -54197 -54197 OTHER INCOME 900099 1388058 1101179 286879 CHILD CARE INCOME 611710 128988 128988 GOLF COURSE INCOME 713910 114860 114860 -1809384 -981923 -827461 -177478 50211967 25704464 -878582 8212671 7652159 7652159 770079 44326 582257 143496 16449133 13085626 2960170 403337 2428900 1932240 437102 59558 3282852 2611577 590779 80496 1270667 1010842 228668 31157 116311 116311 85744 85744 273000 273000 1404498 1404498 1770246 1076795 585643 107808 77833 64583 13250 4678540 4065667 288503 324370 544402 544402 2481475 2481208 267 570729 253202 152381 165146 39418 39418 1257092 1257092 5431355 5431355 443307 443307 instructional expenses 1874001 1874001 MISCELLANEOUS 508136 157951 297978 52207 STUDENT ACTIVITIES 293671 293671 ENTERTAINMENT & PR 288340 124121 91313 72906 DUES & SUBSCRIPTIONS 129368 84128 44197 1043 266683 185047 55773 25863 54387939 37541546 15066588 1779805 121242 110238 68321627 3327361 27826810 31439990 855233 1846533 622074 559197 467340 430099 982284 1154184 199917437 55425832 142583476 144491605 25548217 52299609 228371691 275611672 495699994 511270488 2697313 2460908 5164586 6102053 34685859 34700393 31527300 34552543 74075058 77815897 X 255979864 255216438 64241306 76084862 101403766 102153291 421624936 433454591 495699994 511270488 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 260.00 1 0 0 320900125 7765529 25158773 7360814 12933817 4955802 328573994 418765878 6388206 -87380264 6799012 5263472 4811211 320900125 0.55890 0.44110 0 0 3011286 3011286 170304373 40881988 129422385 23243393 13684994 9558399 3358385 858850 2499535 144491605 investments in limited partnerships 275611672 F 275611672 Capital lease obligation 107777 interest rate swap 7450466 post retirement health benefits 22800089 deposits - prepaid student expenses 1943560 other 1910001 bank overdraft 340650 34552543 50211967 54387939 -4175972 15947358 58269 16005627 11829655 61699257 15947358 879381 16826739 44872518 1404498 3934951 5339449 50211967 49869602 4548046 4548046 45321556 1404498 7661885 9066383 54387939 Part II, Line 5: Explanation of Easements Enforcement Policies: the easement is part of a parcel of land purchased by the school in 2004. it had been created in the 1980's by the owner of the land at that point in time and the loss of economic value of the easement had been reflected in the appraised value of the parcel. this appraisal served as the basis of the purchase price. the land is reported on the School's statement of financial position at purchased cost. Part V, Line 4: Description of Intended Use of Endowment Funds: INCOME FROM ENDOWMENT FUNDS IS DRAWN IN ACCORDANCE WITH THE SCHOOL'S SPENDING POLICY AND USED IN ACCORDANCE WITH DONOR-IMPOSED STIPULATIONS OR, IN THE ABSENCE THEREOF, TO SUPPORT THE SCHOOL'S GENERAL OPERATING EXPENSES, INCLUDING SALARIES, FINANCIAL AID AND FACILITIES MAINTENANCE. Part X: Description of Uncertain Tax Positions Under FIN 48: The school adopted the accounting for uncertain income tax provisions included in Accounting Standards ("ASC") 740. ASC 740 prescribes detailed guidance for financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise's financial statements. Tax positions must meet a more-likely-than-not recognition threshold to be recognized. The adoption of these new provisions did not have an impact on the School's financial statements. The School's federal and state income tax returns prior to fiscal 2007 are no longer subject to audit. Part XI, Line 8 - Other Adjustments: change in value of swap agreement: -1427840. change in value of Post retirement benefit obligation: -2240825. partnership book vs. tax difference: 3726934. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD: 760424. loss on disposal of assets: 118957. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS: 7652159. Partnership book vs. tax difference: -3726934. Other income: 9726. Part XIII, Line 2d - Other Adjustments: COST OF GOODS SOLD: 760424. CHANGE IN VALUE OF SWAP AGREEMENT: 1427840. change in value of post retirement benefit obligation: 2240825. loss on disposal of assets: 118957. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS: 7652159. Other income: 9726. 1 1 1 the school publicizes the policy along with other area schools in the local newspaper. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X X 1 generation Future campaign consulting 0 0 144005 -144005 grenzebach glier & assoc future campaign consulting 0 0 128995 -128995 273000 -273000 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 scholarships 220 7360814 fair value financial assistance summer school scholarships 64 291345 fair value financial assistance Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: the hotchkiss school has dedicated an individual in the admissions office to work solely with financial aid. Financial aid awards are also tracked on an individual basis in the business office for billing purposes. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Malcolm H McKenzie 294316 0 0 0 0 0 44190 0 110268 0 448774 0 0 0 John P Tuke 242741 0 0 0 0 0 43357 0 49464 0 335562 0 0 0 christopher r french 204828 0 0 0 0 0 39899 0 13929 0 258656 0 0 0 jared zelman 155352 0 0 0 0 0 22660 0 13818 0 191830 0 0 0 jon p ostendorf 151543 0 0 0 0 0 21960 0 45457 0 218960 0 0 0 john c virden III 139329 0 0 0 0 0 19204 0 5505 0 164038 0 0 0 jeffery navin 138178 0 0 0 0 0 3500 0 13929 0 155607 0 0 0 Part I, Line 1a for the benefit and convenience of the school in having the functions of the office of the head efficiently discharged and as a condition of his employment as head of school, mr. mckenzie ResideS in an on-campus residence provided for at the School's expense. For the convenience of the School, the Head's residence is readily availAble and used for school-related business and entertainment functions on a regular and continuing basis. as stipulated in his employment contract, certain travel and advisory expenses are borne by the school and appropriately reported as taxable compensation to the Head of school. X 5 1297900 fair value 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The School is reporting 5 contributions of stock from one contributor. Form 990, Part VI, Section B, line 11 Authority to approve the 990 is delegated to the Audit Committee by the Board. the Audit Committee review in detail with school management and its auditors. Copies of the 990 are then made available to all Trustees prior to filing. Form 990, Part VI, Section B, line 12c the CFO collects and reviews all completed forms, and then passes them on to the Chairman of the Board. Form 990, Part VI, Section B, line 15 The Head of School and the Board's Committee for Organizational Review and Nominating review market data from comparable institutions for the top 20 paid employees. Form 990, Part VI, Section C, line 19 the school makes its governing documents, conflict of interest policies and financial statements available for public inspection upon request at its administrative offices in lakeville, ct. FORM 990, PART XI, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments Future Campaign Consulting