Hopkins School Incorporated
- Assets
- $238.4m
- Revenue
- $44.8m
- Investments
- $153.6m
- Employees
- 312
- Location
- New Haven, CT
- Founding
- 07/1934
- Data as of
- 06/2022
- EIN
- 06-0646674
Organization Overview
Hopkins School Incorporated, operating under the name Hopkins School, is located in New Haven, CT. The organization was established in 1934. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hopkins School employed 312 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopkins School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Hopkins School generated $44.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $43.0m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE CO-EDUCATIONAL INSTITUTION FORMED TO EDUCATE STUDENTS FROM GRADES 7 THROUGH 12.
Describe the Organization's Program Activity:
ACADEMIC INSTRUCTION, ATHLETIC & STUDENT ACTIVITIES, FOOD SERVICE & OTHER SUPPORT FOR 714 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kai Bynum Head Of School | OfficerTrustee | 40 | $626,430 |
David E Baxter Chief Financial And Operating Officer | Officer | 40 | $384,749 |
Thomas Diascro Chief Advancement Officer | 40 | $189,100 | |
Robert John Roberts Assistant Head Of School | 40 | $180,622 | |
Pamela Mckenna Director Of Enrollment & Strategic Marketing | 40 | $169,061 | |
Katharine Lauren Reichart Director Of Development Operations | 40 | $163,829 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advantage Maintenance Inc Custodial Services | 6/29/22 | $389,511 |
Physicianone Urgent Care Health Screening | 6/29/22 | $248,025 |
Flik Independent School Dining Food Service | 6/29/22 | $1,036,820 |
Markle Investigations Inc Security Services | 6/29/22 | $389,574 |
James Albert Landscape Design & Maint Ll Landscaping | 6/29/22 | $214,204 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,201,302 |
| Noncash contributions included in lines 1a–1f | $169,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,201,302 |
| Total Program Service Revenue | $34,204,647 |
| Investment income | $885,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,645 |
| Net Gain/Loss on Asset Sales | $1,338,330 |
| Net Income from Fundraising Events | -$3,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,769 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,795,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,470,091 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,146,540 |
| Compensation of current officers, directors, key employees. | $1,146,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,676,079 |
| Pension plan accruals and contributions | $1,495,936 |
| Other employee benefits | $5,943,613 |
| Payroll taxes | $1,251,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,131 |
| Fees for services: Accounting | $44,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,511,593 |
| Fees for services: Other | $3,332,191 |
| Advertising and promotion | $100,057 |
| Office expenses | $302,249 |
| Information technology | $433,686 |
| Royalties | $0 |
| Occupancy | $622,374 |
| Travel | $48,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $342,716 |
| Interest | $338,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,459,691 |
| Insurance | $221,836 |
| All other expenses | $916,681 |
| Total functional expenses | $42,977,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,358 |
| Savings and temporary cash investments | $11,009,614 |
| Pledges and grants receivable | $2,578,097 |
| Accounts receivable, net | $4,090 |
| Loans from Officers, Directors, or Controlling Persons | $1,000,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,540 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,081,213 |
| Investments—publicly traded securities | $27,873,375 |
| Investments—other securities | $153,643,316 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,129,136 |
| Total assets | $238,380,739 |
| Accounts payable and accrued expenses | $3,885,203 |
| Grants payable | $0 |
| Deferred revenue | $9,558,434 |
| Tax-exempt bond liabilities | $9,753,925 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $420,868 |
| Total liabilities | $23,618,430 |
| Net assets without donor restrictions | $92,879,361 |
| Net assets with donor restrictions | $121,882,948 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $238,380,739 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hopkins School Incorporated has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
Newcity Foundation Wilmington, DE PURPOSE: ANNUAL FUND | $25,000 |
Newcity Foundation Wilmington, DE PURPOSE: SCHOLARSHIP FUND IN HONOR OF KAI BYNUM | $25,000 |
Newcity Foundation Wilmington, DE PURPOSE: HOPKINS GOLF TOURNAMENT FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $165,915,417 |
| Earnings | -$15,957,882 |
| Net Contributions | $5,525,753 |
| Other Expense | $3,445,022 |
| Grants | $2,317,118 |
| Ending Balance | $149,721,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |