Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
58 people listed on the 990; $2.5M paid to officers and key staff.
Dr Laura Leathers’s $702K as Head of School is at the 96th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Karen Coleman | — | $346,553 | $1,193,536 | $765,253 | $686,561 | — |
| Dr Laura Leathers | $702,005 | $678,177 | $386,772 | $247,308 | $167,331 | — |
| Karen Warren Coleman | — | — | — | — | — | $660,361 |
| Jt Coats | — | — | — | $309,718 | $298,444 | $285,219 |
| Kathryn Leto | $280,908 | $290,673 | $229,586 | — | — | — |
| Barbara Fishel | $198,803 | $192,446 | — | $180,504 | $246,977 | $168,765 |
| Jessica Epperson | $234,555 | $226,541 | $222,704 | $222,049 | $241,379 | — |
| Randall Rhodus | $238,428 | $206,398 | $176,180 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Hockaday School executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides a college preparatory education for girls from kindergarten through twelfth grade, preparing them for future leadership through academic, summer, and after-school programs.
Questions for Hockaday School
Your first name shows with your question. Hockaday School answers here, for everyone.
The school provided a college preparatory education for lower, middle, and upper school girls with strong potential who may be expected to assume positions of responsibility and leadership in later years. There were 1,105 day students and 0 residence students for the 2020-2021 academic year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|
| End of yearLn 1g | $191.6M | $156.6M | $164.1M | $162.9M | $152.8M |
| Given inLn 1b | $1.2M | $2.9M | $2.3M | $6.8M | $8.3M |
| SpentLn 1d–1f | $7.7M | $7.6M | $7.6M | $6.7M | $7.8M |
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $21.2M | $53.4M |
| InvestmentsLn 11–13 | $151.6M | $191.6M |
| Land, buildings, equipmentLn 10c | $70.3M | $71.5M |
| Total assetsLn 16 | $272.5M | $327.9M |
| LiabilitiesLn 26 | $52.9M | $52.3M |
| Net assetsLn 32 | $219.5M | $275.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $2.7M | $2.7M | ||
| Grants and assistance to foreign recipientsLn 3 | $199K | $199K | ||
| Pay of current officers, directors and key staffLn 5 | $2.0M | $155K | $1.6M | $221K |
| Other salaries and wagesLn 7 | $20.7M | $18.2M | $1.6M | $811K |
| Pension plan contributionsLn 8 | $1.4M | $1.2M | $165K | $59K |
| Other employee benefitsLn 9 | $2.7M | $2.4M | $208K | $123K |
| Payroll taxesLn 10 | $1.5M | $1.2M | $174K | $62K |
| Legal feesLn 11b | $554K | $554K | ||
| Accounting feesLn 11c | $91K | $91K | ||
| Investment management feesLn 11f | $657K | $657K | ||
| Other fees for servicesLn 11g | $745K | $738K | $6K | |
| Advertising and promotionLn 12 | $245K | $150K | $95K | |
| Office expensesLn 13 | $156K | $84K | $33K | $39K |
| Information technologyLn 14 | $352K | $352K | ||
| OccupancyLn 16 | $1.0M | $861K | $101K | $51K |
| Conferences, conventions and meetingsLn 19 | $401K | $194K | $181K | $26K |
| InterestLn 20 | $501K | $426K | $50K | $25K |
| Depreciation, depletion and amortizationLn 22 | $4.7M | $4.0M | $465K | $233K |
| InsuranceLn 23 | $667K | $667K | ||
| Other expenses (24a–d)Ln 24 | $5.5M | $5.2M | $238K | $139K |
| All other expensesLn 24e | $429K | $14K | $352K | $62K |
| Total functional expensesLn 25 | $47.1M | $37.1M | $8.1M | $2.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 15, 2026 | $59.4M | $54.2M | $5.2M | $350.1M | 990 PDF |
| FY2024Filed with the IRS Apr 15, 2025 | $58.3M | $53.9M | $4.4M | $318.2M | 990 PDF |
| FY2023Filed with the IRS Mar 18, 2024 | $55.8M | $51.5M | $4.3M | $291.1M | 990 PDF |
| FY2022Filed with the IRS Apr 14, 2023 | $61.3M | $52.2M | $9.1M | $273.7M | 990 PDF |
| FY2021 ViewingFiled with the IRS Apr 8, 2022 | $62.3M | $47.1M | $15.2M | $275.6M | 990 PDF |
| FY2020Filed with the IRS Apr 12, 2021 | $44.9M | $47.2M | −$2.3M | $219.5M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $62,337,131 revenue, 12 lines filed
Part VI · Governance 45 of 45 board members independent, 1 to look at
Part VIII · Statement of revenue $62,337,131 across 11 lines filed
Part IX · Statement of functional expenses $47,119,001 across 21 lines filed
Part X · Balance sheet $327,922,958 assets, 20 lines filed
Part XI · Reconciliation of net assets $275,589,636 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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