Civic Intelligence

The Hill School

990 • Fiscal year 2015 • EIN 23-1352647

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 30, 2016

717 E High StPottstown, PA 19464

(610) 326-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.25x

Higher debt load relative to assets than 37% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.38x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Net Margin

80th percentile

18%

Higher net margin than 80% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

15th percentile

$375,529

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Asset Growth

81st percentile

10%

Faster asset growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

19th percentile

-5.3%

Faster revenue growth than 19% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Assets

Up

$255,786,238

Up $23,642,187 (+10%) from 2014

Net Assets

Up

$192,078,698

Up $3,274,583 (+1.7%) from 2014

Liabilities

Up

$63,707,540

Up $20,367,604 (+47%) from 2014

Revenue

Down

$46,266,444

Down $2,604,228 (-5.3%) from 2014

Expenses

Up

$38,074,129

Up $2,158,385 (+6.0%) from 2014

Net Income

Down

$8,192,315

Down $4,762,613 (-37%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $157,210,266Liabilities 2010: $39,954,367Net Assets 2010: $117,255,8992010Assets 2011: $181,847,585Liabilities 2011: $40,425,567Net Assets 2011: $141,422,0182011Assets 2012: $182,908,839Liabilities 2012: $40,389,902Net Assets 2012: $142,518,9372012Assets 2013: $197,769,926Liabilities 2013: $40,906,834Net Assets 2013: $156,863,0922013Assets 2014: $232,144,051Liabilities 2014: $43,339,936Net Assets 2014: $188,804,1152014Assets 2015: $255,786,238Liabilities 2015: $63,707,540Net Assets 2015: $192,078,6982015Assets 2016: $230,140,999Liabilities 2016: $41,382,393Net Assets 2016: $188,758,6062016Assets 2017: $246,074,647Liabilities 2017: $39,697,764Net Assets 2017: $206,376,8832017Assets 2018: $268,791,278Liabilities 2018: $49,887,936Net Assets 2018: $218,903,3422018Assets 2019: $284,105,868Liabilities 2019: $52,857,399Net Assets 2019: $231,248,4692019Assets 2020: $285,466,694Liabilities 2020: $54,002,374Net Assets 2020: $231,464,3202020Assets 2021: $339,549,890Liabilities 2021: $55,806,520Net Assets 2021: $283,743,3702021Assets 2022: $320,010,649Liabilities 2022: $53,565,584Net Assets 2022: $266,445,0652022Assets 2023: $332,927,756Liabilities 2023: $55,015,074Net Assets 2023: $277,912,6822023

Highlighted filing

2015

Assets$255,786,238
Liabilities$63,707,540
Net Assets$192,078,698

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Expenses 2010: $30,062,1482010Expenses 2011: $31,044,4882011Expenses 2012: $31,939,6712012Expenses 2013: $33,844,3552013Revenue 2014: $48,870,672Expenses 2014: $35,915,744Net Income 2014: $12,954,9282014Revenue 2015: $46,266,444Expenses 2015: $38,074,129Net Income 2015: $8,192,3152015Revenue 2016: $41,522,429Expenses 2016: $39,576,021Net Income 2016: $1,946,4082016Revenue 2017: $46,369,389Expenses 2017: $40,833,509Net Income 2017: $5,535,8802017Revenue 2018: $53,221,673Expenses 2018: $43,533,301Net Income 2018: $9,688,3722018Revenue 2019: $58,154,218Expenses 2019: $45,433,785Net Income 2019: $12,720,4332019Revenue 2020: $57,065,801Expenses 2020: $45,370,915Net Income 2020: $11,694,8862020Revenue 2021: $89,638,080Expenses 2021: $48,128,321Net Income 2021: $41,509,7592021Revenue 2022: $62,962,335Expenses 2022: $51,587,225Net Income 2022: $11,375,1102022Revenue 2023: $60,199,551Expenses 2023: $54,984,923Net Income 2023: $5,214,6282023

Highlighted filing

2015

Revenue$46,266,444
Expenses$38,074,129
Net Income$8,192,315
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 30, 2016
Return Version
2014v6.0
Gross Receipts
$54,744,618
Mission and Program Overview

Mission

The hill school prepares students from across the country and around the world for college, careers and life. Within a family school environment and a rigorous liberal arts curriculum, we challenge our young people to work hard; think and reason; be fulfilled; serve the common good; and be prepared to lead as citizens of the world, uniquely guided by our motto, "whatsoever things are true."

Secondary boarding/day educational institution

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$93,977,621$93,248,959▼ $728,662
Land, Buildings, and Equipment, Net$59,842,026$60,428,149▲ $586,123
Investments Other Securities$58,845,200$60,138,764▲ $1,293,564
Cash and Non-Interest-Bearing Accounts$64,626$21,541,420▲ $21,476,794
Savings and Temporary Cash Investments$13,824,983$10,912,330▼ $2,912,653
Pledges and Grants Receivable$3,850,117$7,528,252▲ $3,678,135
Prepaid Expenses and Deferred Charges$233,493$283,746▲ $50,253
Accounts Receivable$231,863$216,304▼ $15,559
Inventories for Sale or Use$105,644$113,108▲ $7,464
Total Assets$232,144,051$255,786,238▲ $23,642,187
Other Assets Total$1,168,478$1,375,206▲ $206,728
Liabilities
Tax Exempt Bond Liabilities$34,778,580$54,763,580▲ $19,985,000
Other Liabilities$4,539,355$4,662,732▲ $123,377
Accounts Payable and Accrued Expenses$3,756,897$4,039,701▲ $282,804
Deferred Revenue$265,104$241,527▼ $23,577
Total Liabilities$43,339,936$63,707,540▲ $20,367,604
Net Assets / Fund Balance
Unrestricted Net Assets$67,772,171$69,174,549▲ $1,402,378
Temporarily Rstr Net Assets$68,255,590$68,858,181▲ $602,591
Permanently Rstr Net Assets$52,776,354$54,045,968▲ $1,269,614
Total Net Assets Fund Balance$188,804,115$192,078,698▲ $3,274,583
Total Liabilities and Net Assets / Fund Balance$232,144,051$255,786,238▲ $23,642,187

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,336,060$21,507,401$71,843,461
Leasehold Improvements$5,496,044$1,378,162$6,874,206
Equipment$2,020,821$2,200,686$4,221,507
Other Land Buildings$1,393,258-$1,393,258
Land$1,181,966-$1,181,966
Other Securities$60,138,764--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$158,653,729$1,598,426▲ $991,929$4,505,619$155,501,084
2013$128,254,123$11,370,799▲ $24,582,248$4,342,806$158,653,729
2012$119,157,555$836,356▲ $13,954,741$4,397,644$128,254,123
2011$120,353,719$4,761,258▼ $423,077$4,267,438$119,157,555
2010$100,279,696$2,577,432▲ $23,506,521$4,617,321$120,353,989
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Zachary LehmanHeadmasterFT$237,610$137,919$375,529
Donald D SilversonTreasurer & CFOFT$167,337$104,735$272,072
Craig C AllenDirector College AdvisingFT$94,118$117,856$211,974
Christian P SockelDirector Capital GivingFT$137,477$49,036$186,513
Thomas Eccleston IvAsst. Headmaster for EnrolFT$107,009$75,774$182,783
Jennifer LagorAsst. Head of Student LifeFT$97,922$64,054$161,976

Board Members and Trustees

NameTitle
Preston G AtheyChairman
Andrew D SoussloffVice Chairman
D Scott Detar JrBoard Member
Daniel W WhalenBoard Member
David K LeinbachBoard Member
Douglas J Bouquard IiiBoard Member
Douglas R BrodyBoard Member
Dr H Landis GabelBoard Member
Elizabeth B RufeBoard Member
Geoffrey a RichardsBoard Member
Hans S MaentzBoard Member
JAMES P O'MEALIABoard Member
James L AlexandreBoard Member
Jason W IngleBoard Member
Jesse a YanochaBoard Member
John M Gvodas JrBoard Member
John P Millar JrBoard Member
Judy WongBoard Member
Michael W HarrisBoard Member
Michelle a GyvesBoard Member
Peter B Benedict IiBoard Member
Peter G HumphreyBoard Member
Russell B Newton IiiBoard Member
Scott C WilsonBoard Member
Sung-bin ParkBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Wholsen Construction CompanyConstructionPO BOX 4612, Lancaster, PA 17604$2,274,517
SodexoFood ServicePO BOX 360170, Pittsburgh, PA 15219$2,097,037
Schlouch INC ConstructionConstruction132 EXCELSIOR DRIVE, Blandon, PA 19510$621,169
Moonlight Office CleanersCleaning Service1289 LAURELWOOD ROAD, Pottstown, PA 19465$481,492
-Painting Contractor271 DIAMOND STREET, Pottstown, PA 19464$250,043
Revenue and Support

Revenue Composition

Contributions and Grants
$12,872,662
Program Service Revenue
$26,518,892
Investment Income
$6,704,508
Other Revenue
$170,382
All Other Contributions
$12,872,662
Change in Net Assets
$8,192,315

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded73$2,656,705Fair Market Value
Total Noncash Contributions73$2,656,705-

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,025,489
Revenue Not Reported on Financial Statements
$7,240,955
Revenue Not Reported on Form 990
$-4,879,557
Other Revenue Adjustments
$6,751,931
Total Revenue per Audited Statements
$34,145,932
Total Revenue per Form 990
$46,266,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,837,905
Other Expenses$15,407,243
Grants and Similar Amounts Paid$6,768,181
Total Fundraising Expense$3,142,655
Professional Fundraising Fees$60,800

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,662,786$2,819,252$1,128,044$11,610,082
Grants to Domestic Individuals$6,751,931--$6,751,931
Depreciation Depletion$2,992,403$300,912$50,152$3,343,467
All Other Expenses$1,286,674$253,465$326,439$1,866,578
Other Employee Benefits$1,201,105$393,646$162,366$1,757,117
Interest$1,168,524$117,505$19,584$1,305,613
Occupancy$1,065,396$187,618$17,856$1,270,870
Pension Plan Contributions$615,699$214,973$90,056$920,728
Payroll Taxes$532,916$218,594$82,638$834,148
Current Officers, Directors, Trustees, and Key Employees$105,934$503,962$105,934$715,830
Other Expenses$1,196,243$120,293$703,413$703,413
Office Expenses-$444,828$206,997$651,825
Insurance-$523,369-$523,369
Fees for Service Investment Mgmnt Fees-$489,024-$489,024
Travel-$112,069$63,713$175,782
Fees for Services Other-$96,129$27,914$124,043
Fees for Services Professional Fundraising--$60,800$60,800
Information Technology--$38,444$38,444
Advertising--$38,256$38,256
Fees for Services Accounting-$34,094-$34,094
Fees for Services Legal-$24,218-$24,218
Grants to Domestic Orgs$16,250--$16,250
Total Functional Expenses$28,077,523$6,853,951$3,142,655$38,074,129

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$38,074,129
Total Expenses per Audited Statements$31,000,830
Expenses per Audited Statements$30,833,174
Expenses Not Reported on Financial Statements$7,240,955
Other Expense Adjustments$6,751,931
Expenses Not Reported on Form 990$167,656
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pottstown Area Industrial Development CorporationPottstown, PA501(c)(3)Payments in Lieu of Taxes$16,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$60,800
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jay BermanFormer Board MemberSERVED AS VICE PRESIDENT OF EXPRESS DATA SYSTEMS, THE COMPANY THAT HANDLES THE SCHOOL'S PAYROLL PROCESSING. MR. BERMAN'S DAUGHTER IS THE PRESIDENT OF THE COMPANY.No$17,213
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits and Advanced Tuition$3,100,606
Deferred Bond Premium$1,308,870
Capital Lease Obligation$253,256

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMontgomery County Industrial Development Authority2005-06-16$20,845,000ADVANCED REFUNDING
DMontgomery County Higher Education and Health Authority2015-05-01$20,735,000CURRENT REFUNDING
CPottstown Borough Authority2013-05-01$7,000,000CURRENT REFUNDING
BMontgomery County Higher Education and Health Authority2011-06-01$4,933,580CURRENT REFUNDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,307,442$21,709,754-$597,688
D$21,664,422---
C$7,000,000$7,000,000--
B$4,933,580$4,933,580-$298,297

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an outside cpa firm and then is reviewed by the officers. It is then given to the full board of trustees prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The assistant secretary sends a survey to all senior staff and trustees every may. She is responsible for making sure all required persons return the survey. All potential conflicts noted in the survey responses are then forwarded to the audit committee of the board of trustees for review. Any interested trustee will recuse him/herself when cases are brought to the entire board for approval.

Form 990, Part VI, Section B, Line 15

The school collects salary information from a group of 40 boarding schools for all key employee positions. This information is reviewed by a committee of the board of trustees for setting the headmaster's salary. The headmaster uses this information in setting the salaries for the rest of the school employees.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
The Hill School
EIN
23-1352647
Phone
6103261000
Address
717 E HIGH ST, POTTSTOWN, PA 19464

Signing Officer

Name
Zachary G Lehman
Title
Headmaster
Phone
6103261000
Signed
2016-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zachary G Lehman
Formed
1920
Legal Domicile
Pa
Voting Board Members
25
Independent Board Members
25
Employees
281
Volunteers
85

Preparer

Firm
Tait Weller & Baker Llp
Address
1818 MARKET STREET SUITE 2400, PHILADELPHIA, PA 19103
Preparer
Stacy Cullen
Phone
2159798800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Actuarial gain on annuity obligations and life income funds 129,481.

Form 990, Part XI, Line 2C

The process by which the organization appoints a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant has not changed from the prior year.

Financial Statement Notes

PART III, LINE 4:

The school maintains three collections; n.c. Wyeth paintings, duck stamps and audubon prints. These are all displayed for the education of our students. The wyeth paintings depict historical battles that shaped u.s. History. The duck stamps and audubon prints are visual aids for the students studying birds.

PART X, LINE 2:

Management has reviewed the tax positions for each of the open tax years (june 30, 2012 - june 30, 2014) or expected to be taken in the school's tax return for the year ended june 30, 2015 and has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold - bookstore 167,656.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 6,751,931.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold - bookstore 167,656.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 6,751,931.

Raw XML AppendixShowing 400 of 1,070 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE HILL SCHOOL PROVIDES A CHALLENGING CURRICULUM TO ITS 515 STUDENTS EMPHASIZING CRITICAL THINKING AND WRITING. A TOTAL OF 27 ADVANCED PLACEMENT COURSES WERE OFFERED AS WELL AS AN ARRAY OF HONORS CLASSES AND INDEPENDENT STUDIES. HILL STUDENTS ARE ACTIVE IN ATHLETICS, THE ARTS, STUDENT-RUN ORGANIZATIONS AND COMMUNITY SERVICE. HILL STUDENTS ARE DRAWN FROM 26 STATES AND 25 FOREIGN COUNTRIES. THE TYPICAL CLASS SIZE IS 12-14 STUDENTS WITH A STUDENT/TEACHER RATIO OF 7:1.
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IRS990/Form990PartVIISectionAGrp/PersonNm27THOMAS ECCLESTON IV
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IRS990/Form990PartVIISectionAGrp/TitleTxt25TREASURER & CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt27ASST. HEADMASTER FOR ENROL
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR CAPITAL GIVING
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR COLLEGE ADVISING
IRS990/Form990PartVIISectionAGrp/TitleTxt30ASST. HEAD OF STUDENT LIFE
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023Summary only. Only limited summary data is available for this year.$333$55.0$278$60.2$55.0$5.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$320$53.6$266$63.0$51.6$11.4
2021Summary only. Only limited summary data is available for this year.$340$55.8$284$89.6$48.1$41.5
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$285$54.0$231$57.1$45.4$11.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$284$52.9$231$58.2$45.4$12.7
2018Summary only. Only limited summary data is available for this year.$269$49.9$219$53.2$43.5$9.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$246$39.7$206$46.4$40.8$5.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$230$41.4$189$41.5$39.6$1.95
2015Detailed filing. Detailed filing data is available for this year.$256$63.7$192$46.3$38.1$8.19
2014Detailed filing. Detailed filing data is available for this year.$232$43.3$189$48.9$35.9$13.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$198$40.9$157$33.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$183$40.4$143$31.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$182$40.4$141$31.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$40.0$117$30.1