The Hotchkiss School
The Hotchkiss School reported $126.4 million in revenue and $96.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $67.14 went to program services, $25.35 to management and general costs and $7.51 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 35.2% of the total. The highest compensation it reported for one person was $1,247,135 (HEAD OF SCHOOL). 65 people received more than $100,000 in reportable compensation. Revenue rose 57% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $96MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $126MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 67.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 31.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 35.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,247,135 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.30% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 65 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 99.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 32 of 33 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Director/trustee, officer, 40.00 hrs/week | $1,043,266 | $0 | $203,869 | $1,247,135 |
| CHIEF ADVANCEMENT OFFICER Key employee, 40.00 hrs/week | $394,783 | $0 | $98,683 | $493,466 |
| CFO (UNTIL 5/30/25) Officer, 40.00 hrs/week | $412,233 | $0 | $63,948 | $476,181 |
| & DEAN OF ADMISSON & FINANCIAL AID Key employee, 40.00 hrs/week | $317,820 | $0 | $148,439 | $466,259 |
| ASSOCIATE HEAD OF SCHOOL Key employee, 40.00 hrs/week | $293,045 | $0 | $113,263 | $406,308 |
| DEAN OF SUMMER PROGRAMS Highest compensated employee, 40.00 hrs/week | $195,768 | $0 | $118,767 | $314,535 |
| MEDICAL DIRECTOR Highest compensated employee, 40.00 hrs/week | $244,669 | $0 | $42,293 | $286,962 |
| CHIEF COMMUNICATIONS OFFICER Highest compensated employee, 40.00 hrs/week | $241,383 | $0 | $43,938 | $285,321 |
65 people received more than $100,000 in reportable compensation from The Hotchkiss School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b33 · 32 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5519
- Volunteers Part I, line 61,023
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| O & G INDUSTRIES INC Construction | $8,434,509 |
| BURLINGTON CONSTRUCTION CO INC Construction | $5,636,234 |
| GILBANE Construction | $1,364,219 |
| RAD CORP DBA RAD SPORTS Construction | $1,326,875 |
Individuals listed as contractors are left out. 40 contractors were paid more than $100,000 in all.
Private foundation grants it received
76 private foundations reported grants to The Hotchkiss School totaling $3.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Hotchkiss School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Hotchkiss School, you can publish a response that is linked from this page.
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Of every $100 The Hotchkiss School spent in FY2025, $67.14 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Randolph-Macon CollegeAshland, VA · revenue $126M · programs 91.7% · FY2025
- University of Northwestern - St PaulSt Paul, MN · revenue $127M · programs 87.0% · FY2025
- Davenport UniversityGrand Rapids, MI · revenue $126M · programs 85.7% · FY2025
- Auburn University FoundationAuburn, AL · revenue $127M · programs 86.9% · FY2025
- Saint Peter's UniversityJersey City, NJ · revenue $126M · programs 81.5% · FY2025
Questions people ask
How much of The Hotchkiss School's spending goes to programs?
In the fiscal year ending June 30, 2025, The Hotchkiss School reported that 67.1% of its $96.1 million in expenses went to program services, 25.3% to management and general and 7.5% to fundraising (Form 990, Part IX).
How much does The Hotchkiss School pay its top executive?
The largest total compensation The Hotchkiss School reported for one person in the fiscal year ending June 30, 2025 was $1,247,135, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Hotchkiss School get its money?
Of $126.4 million in revenue in the fiscal year ending June 30, 2025, 31.7% came from contributions and grants and 35.2% from program service revenue (Form 990, Part VIII).
Is The Hotchkiss School a registered charity?
The IRS lists EIN 06-0647018 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611329349301036 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521349349312457 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349319364 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311339349302401 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231309349303683 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349303123 · read the filing
All filings for EIN 06-0647018: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.