The Hotchkiss School
Nonprofit profile at a glance
- EIN
- 060647018
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Lakeville, CT, USA
- Phone
- 8604352519
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $126,383,221
- Expenses
- $96,065,613
- Assets
- $924,421,253
- Liabilities
- $125,949,997
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- ROBERT R GOULD (CO-PRESIDENT)
- ELIZABETH GARDNER HINES (CO-PRESIDENT)
- ROBERT CHARTENER (VICE PRESIDENT)
- RAYMOND MCGUIRE (VICE PRESIDENT)
Highest reported compensation
- CRAIG W BRADLEY (HEAD OF SCHOOL): $1,247,135 total reported compensation
- NINETTE ENRIQUE (CHIEF ADVANCEMENT OFFICER): $493,466 total reported compensation
- SANDRA J LYNCH (CFO (UNTIL 5/30/25)): $476,181 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The hotchkiss school seeks to inspire a diverse range of students who are committed to the betterment of self and society, and to cultivate in them at the highest standards of excellence (imagination and intellect, openness and personal integrity, empathy and responsible citizenship) that they may discover and fulfill their potential as individuals fully engaged in our world.
What it reported doing in 2024
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 611 students.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 68
- Accountability: 93
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.9%; rating input score 73
- Program expense ratio: 67.1%; rating input score 67
- Fundraising efficiency: $5.55 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 99.9%; rating input score 100; 46th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 97%; rating input score 97; 52nd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 24%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 9.62; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 72.9% of revenue deployed · 67.1% of spending went to programs
- Governance: 32 of 33 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $64.5M in reported program spending
- Leadership: top reported pay $1.2M · 42 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $21.9M reported
- Consistency: 42 of 43 current checks pass · 1 finding to review
- Schedules: 13 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.