Hotchkiss School
- Assets
- $832.2m
- Revenue
- $135.3m
- Investments
- $567.0m
- Employees
- 435
- Location
- Lakeville, CT
- Founding
- 01/1925
- Data as of
- 06/2021
- EIN
- 06-0647018
Organization Overview
Hotchkiss School is located in Lakeville, CT. The organization was established in 1925. 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 06/2021, Hotchkiss School employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hotchkiss 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 06/2021, Hotchkiss School generated $135.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $80.0m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL STRIVES TO DEVELOP IN STUDENTS A LIFELONG LOVE OF LEARNING AND RESPONSIBLE CITIZENSHIP.
Describe the Organization's Program Activity:
THE SCHOOL IS COMMITTED TO MASTERY OF LEARNING SKILLS, DEVELOPMENT OF INTELLECTUAL CURIOSITY, EXCELLENCE AND CREATIVITY IN ALL DISCIPLINES, AND ENTHUSIASTIC PARTICIPATION IN ATHLETICS AND OTHER SCHOOL ACTIVITIES. WE ENCOURAGE OUR STUDENTS TO DEVELOP CLARITY OF THOUGHT, CONFIDENCE AND FACILITY IN EXPRESSING IDEAS, AND ARTISTIC AND AESTHETIC SENSITIVITY. WE EXPECT ALL MEMBERS OF THE COMMUNITY, IN AND OUT OF THE CLASSROOM, TO SUBJECT THEIR VIEWS AND ACTIONS TO CRITICAL EXAMINATION AND TO ACCEPT RESPONSIBILITY FOR THEM. WE HOPE THAT OUR GRADUATES WILL LEAVE HOTCHKISS WITH A COMMITMENT TO SERVICE TO OTHERS AND TO ENVIRONMENTAL STEWARDSHIP, AND WITH A GREATER UNDERSTANDING OF THEMSELVES AND OF THEIR RESPONSIBILITIES IN A GLOBAL SOCIETY. THE ENROLLMENT FOR THE TAX YEAR WAS APPROXIMATELY 620 STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig W Bradley Head Of School | OfficerTrustee | 50 | $617,382 |
Sandra Lynch CFO | Officer | 40 | $353,500 |
Ninette Enrique Chief Advancement Officer | Officer | 40 | $300,021 |
Merrilee Mardon Associate Head Of School | Officer | 40 | $214,308 |
Erby L Mitchell Jr Dean Of Admisson & Financial Aid | 40 | $196,062 | |
Jared Zelman MD Medical Director | 40 | $177,643 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tory Hill Llc Dining Services | 6/29/21 | $3,625,081 |
Burlington Construction Co Inc Construction | 6/29/21 | $2,077,076 |
Bowie Gridley Architects Architectural Services | 6/29/21 | $561,384 |
Ropes & Gray Llp Legal Services | 6/29/21 | $440,439 |
Horton Electrical Services Llc Electrical Contractor | 6/29/21 | $827,943 |
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 | $21,890,881 |
| Noncash contributions included in lines 1a–1f | $2,492,332 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,890,881 |
| Total Program Service Revenue | $37,197,922 |
| Investment income | $1,154,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,562,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$53,205 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,336,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,155,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $859,394 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,702,636 |
| Compensation of current officers, directors, key employees. | $1,348,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,310,105 |
| Pension plan accruals and contributions | $2,414,620 |
| Other employee benefits | $5,164,140 |
| Payroll taxes | $1,652,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $969,161 |
| Fees for services: Accounting | $95,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,828,211 |
| Fees for services: Other | $3,178,768 |
| Advertising and promotion | $0 |
| Office expenses | $1,078,600 |
| Information technology | $1,236,439 |
| Royalties | $0 |
| Occupancy | $5,405,700 |
| Travel | $65,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,000 |
| Interest | $1,345,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,144,175 |
| Insurance | $684,200 |
| All other expenses | $3,399,290 |
| Total functional expenses | $80,000,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,721,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,383,452 |
| Accounts receivable, net | $10,657,844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,946 |
| Inventories for sale or use | $160,776 |
| Prepaid expenses and deferred charges | $1,367,506 |
| Net Land, buildings, and equipment | $159,344,137 |
| Investments—publicly traded securities | $53,484,106 |
| Investments—other securities | $566,997,189 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,083,707 |
| Total assets | $832,226,197 |
| Accounts payable and accrued expenses | $3,711,411 |
| Grants payable | $0 |
| Deferred revenue | $30,465,815 |
| Tax-exempt bond liabilities | $34,860,282 |
| 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 | $34,762,211 |
| Total liabilities | $103,799,719 |
| Net assets without donor restrictions | $330,217,234 |
| Net assets with donor restrictions | $398,209,244 |
| 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 | $832,226,197 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hotchkiss School has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Utopia Fund Plainview, NY PURPOSE: GENERAL | $15,000 |
Jjk Foundation Herndon, VA PURPOSE: ATHLETIC DEPARTMENT | $10,000 |
Endowment Analysis
| Beg. Balance | $491,983,224 |
| Earnings | $148,755,773 |
| Net Contributions | $7,752,603 |
| Other Expense | $29,115,963 |
| Ending Balance | $619,375,637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Phillips Academy Andover, MA | $1,957,778,755 | $191,095,685 |
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 |