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← HUTCHISON SCHOOL

Form 990 for tax year 2024

Filed by HUTCHISON SCHOOL.

Totals

Total revenue
$37,721,081
Total expenses
$24,521,359
Contributions and grants received
$15,192,961
Grants paid
$1,833,667
Program service revenue
$21,892,375
Investment income
$590,452
Other revenue
$45,293
Total assets, end of year
$67,883,222
Total liabilities, end of year
$20,714,287
Net assets or fund balances, end of year
$47,168,935
Program services expenses (Part IX)
$21,640,214
Management and general expenses
$1,964,808
Fundraising expenses
$916,337
Program service expenses (Part III)
$21,640,214

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $15,192,961

  • 1g · Noncash contributions included above

    $1,025,405

  • 2a · Program service revenue: STUDENT TUITION & FEES

    total $21,147,457 · related or exempt $21,147,457

  • 2b · Program service revenue: SUPPORT SERVICES

    total $585,710 · related or exempt $585,710

  • 2c · Program service revenue: SUMMER CAMP

    total $159,208 · related or exempt $159,208

  • 3 · Investment income

    total $590,452 · excluded $590,452

  • 7a · Gross sales of assets other than inventory

    securities $193,272

  • 7b · Less cost or other basis and sales expenses

    securities $193,272

  • 7c · Gain or loss

    securities $0

  • 10a · Gross sales of inventory

    $252,428

  • 10b · Cost of goods sold

    $348,937

  • 10c · Net income from sales of inventory

    total -$96,509 · related or exempt -$129,615 · unrelated business $33,106

  • 11a · Other revenue: ADMINISTRATIVE - OTHER SOURCES

    total $124,261 · related or exempt $124,261

  • 11b · Other revenue: INSURANCE INCOME

    total $12,165 · excluded $12,165

  • 11c · Other revenue: ALUMNAE - OTHER SOURCES

    total $5,376 · related or exempt $5,376

  • 11e · Other revenue, total

    $141,802

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,833,667 · program services $1,833,667

  • 5 · Compensation of officers, directors and key employees

    total $669,636 · management and general $669,636

  • 7 · Other salaries and wages

    total $12,123,213 · program services $11,092,727 · management and general $493,248 · fundraising $537,238

  • 9 · Other employee benefits

    total $2,540,872 · program services $2,237,728 · management and general $180,727 · fundraising $122,417

  • 11f · Fees: investment management

    total $20,000 · management and general $20,000

  • 11g · Fees: other

    total $305,342 · management and general $305,342

  • 16 · Occupancy

    total $1,682,737 · program services $1,661,652 · management and general $14,455 · fundraising $6,630

  • 20 · Interest

    total $425,999 · program services $425,999

  • 22 · Depreciation, depletion and amortization

    total $1,772,227 · program services $1,750,020 · management and general $15,224 · fundraising $6,983

  • 24a · Other expenses: DINING SERVICES

    total $950,099 · program services $950,099

  • 24b · Other expenses: INSTRUCTION

    total $753,397 · program services $753,397

  • 24c · Other expenses: GENERAL INSTITUTIONAL

    total $631,786 · program services $230,752 · management and general $263,656 · fundraising $137,378

  • 24d · Other expenses: STUDENT ACTIVITIES

    total $364,093 · program services $364,093

  • 24e · All other expenses

    total $448,291 · program services $340,080 · management and general $2,520 · fundraising $105,691

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,800 · end of year $4,780

  • 2 · Savings and temporary cash investments

    beginning of year $3,152,261 · end of year $7,559,280

  • 3 · Pledges and grants receivable

    beginning of year $184,604 · end of year $8,613,998

  • 4 · Accounts receivable

    beginning of year $367,577 · end of year $422,466

  • 8 · Inventories for sale or use

    beginning of year $93,819 · end of year $97,302

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,051 · end of year $104,363

  • 10a · Land, buildings and equipment: cost or other basis

    $56,207,108

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,078,527

  • 10c · Land, buildings and equipment, net

    beginning of year $20,829,281 · end of year $20,128,581

  • 11 · Investments: publicly traded securities

    beginning of year $27,411,417 · end of year $30,286,454

  • 15 · Other assets

    beginning of year $669,852 · end of year $665,998

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,407,533 · end of year $1,041,998

  • 19 · Deferred revenue

    beginning of year $7,840,211 · end of year $8,101,260

  • 23 · Secured mortgages and notes payable

    beginning of year $12,020,000 · end of year $11,404,883

  • 25 · Other liabilities

    beginning of year $36,611 · end of year $166,146

  • 27 · Net assets without donor restrictions

    beginning of year $24,874,374 · end of year $26,307,660

  • 28 · Net assets with donor restrictions

    beginning of year $6,611,933 · end of year $20,861,275

Mission and programs · 2024

Mission

HUTCHISON SCHOOL IS AN INDEPENDENT, COLLEGE PREPATORY SCHOOL FOR GIRLS. THE SCHOOL IS DEDICATED TO PROVIDING ACADEMIC EXCELLENCE AND PARALLEL DEVELOPMENT OF MIND, BODY, AND SPIRIT AS IT EDUCATES YOUNG WOMEN FOR LIVES OF INTEGRITY AND RESPONSIBLE CITIZENSHIP.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE HUTCHISON SCHOOL PROVIDES PRE-KINDERGARTEN AND KINDERGARTEN CLASSES AS WELL AS CLASSES FOR GRADES 1 - 12.

    Expenses $21,640,214 · Grants $1,833,667 · Revenue $21,892,397

As filed on the 2024 return.

Listed in Part VII

  • William W Deupree III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Ragan Crawford Magness

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Craig Weiss

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Jenny Werner Carter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chris Clothier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chris Crosby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Edward J Dobbs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jason Farmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Amanda Eckels Goetze

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Megan Wellford Grinder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jason Higginbotham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Betsy Horn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Shari Jefferies

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hardin Barton Kimmel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Veazey Gully Krausnick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Andy McCarroll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michelle Nelson Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Palmer Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Susan Stephenson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sequoia Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • McLean Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Julie Wunderlich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jamila Smith-Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kristen D Ring

    HEAD OF SCHOOL, TRUSTEE

    Total calculated
    $537,248
    From this org
    $475,501
    From related orgs
    $0
    Other
    $61,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $441,901
    Bonus
    $33,600
    Other
    $0
    Deferred
    $23,500
    Nontaxable benefits
    $38,247
    Filer's total
    $537,248
  • Melissa Baker

    CHIEF FINANCIAL OFFICER

    Total calculated
    $189,703
    From this org
    $153,780
    From related orgs
    $0
    Other
    $35,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,780
    Bonus
    $0
    Other
    $0
    Deferred
    $11,536
    Nontaxable benefits
    $24,387
    Filer's total
    $189,703
  • Catherine B Chubb

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $241,211
    From this org
    $168,292
    From related orgs
    $0
    Other
    $72,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,292
    Bonus
    $0
    Other
    $0
    Deferred
    $10,153
    Nontaxable benefits
    $62,766
    Filer's total
    $241,211
  • Jo'Loreal Guy

    DIRECTOR OF STRATEGY

    Total calculated
    $137,688
    From this org
    $119,989
    From related orgs
    $0
    Other
    $17,699
    Hours/week
    40
  • Elizabeth C Jordan

    HEAD OF EARLY CHILDHOOD DIVISION

    Total calculated
    $127,437
    From this org
    $114,609
    From related orgs
    $0
    Other
    $12,828
    Hours/week
    40
  • Alyssa J Villarreal

    ACADEMIC DEAN

    Total calculated
    $131,295
    From this org
    $108,438
    From related orgs
    $0
    Other
    $22,857
    Hours/week
    40
  • Sarah E Wright

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $141,818
    From this org
    $102,376
    From related orgs
    $0
    Other
    $39,442
    Hours/week
    40
  • Kathryn B Nair

    INTERIM HEAD OF UPPER SCHOOL DIVISION

    Total calculated
    $122,786
    From this org
    $100,239
    From related orgs
    $0
    Other
    $22,547
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 June 2026
IRS schema version
2024v5.5
Source object
202621599349301712

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