Milton Hershey School & School Trust
- Assets
- $17.7b
- Revenue
- $1.4b
- Investments
- $14.4b
- Employees
- 2,152
- Location
- Hershey, PA
- Founding
- 02/1937
- Data as of
- 07/2019
- EIN
- 23-1353340
Organization Overview
Milton Hershey School & School Trust is located in Hershey, PA. The organization was established in 1937. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2019, Milton Hershey School & School Trust employed 2,152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 07/2019, Milton Hershey School & School Trust generated $1.4b in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $305.9m during the year ending 07/2019. While expenses have increased by 3.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
IN KEEPING WITH MILTON AND CATHERINE HERSHEY'S DEED OF TRUST, MILTON HERSHEY SCHOOL NURTURES AND EDUCATES CHILDREN IN SOCIAL AND FINANCIAL NEED. SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR FURTHER DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter G Gurt President | Officer | 60 | $520,488 |
Andrew Cline VP Legal | Officer | 60 | $293,266 |
Elliott H Robinson VP Administration | Officer | 48 | $275,791 |
Freda F Martine VP Of Edu And Student Life | Officer | 60 | $241,938 |
Lisa Rashid VP - Communications | Officer | 60 | $226,752 |
Beth J Shaw Exec Director- Student Support | Officer | 57 | $211,156 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kinsley Construction Inc Construction | 7/30/19 | $21,116,738 |
Warfel Construction Company Construction | 7/30/19 | $9,943,296 |
Sodexo Inc Affiliates Food Service/mgt | 7/30/19 | $6,024,072 |
Wohlsen Construction Co Construction | 7/30/19 | $17,512,153 |
Hershey Trust Company Invest & Shared Srvs | 7/30/19 | $9,008,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,868 |
| Investment income | $379,211,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,237,605 |
| Net Gain/Loss on Asset Sales | $1,058,309,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,441,237,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,454,071 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,284,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,246,775 |
| Pension plan accruals and contributions | $15,994,597 |
| Other employee benefits | $26,449,558 |
| Payroll taxes | $7,666,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,750,135 |
| Fees for services: Accounting | $178,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,199,808 |
| Fees for services: Other | $6,454,089 |
| Advertising and promotion | $3,928,033 |
| Office expenses | $2,400,299 |
| Information technology | $2,081,413 |
| Royalties | $0 |
| Occupancy | $6,176,405 |
| Travel | $2,305,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $533,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,081,459 |
| Insurance | $5,106,060 |
| All other expenses | $0 |
| Total functional expenses | $305,866,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,848 |
| Savings and temporary cash investments | $84,245,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,221,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,875,503 |
| Prepaid expenses and deferred charges | $1,454,830 |
| Investments—publicly traded securities | $2,424,665,883 |
| Investments—other securities | $14,372,733,055 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,659,493,213 |
| Accounts payable and accrued expenses | $266,191,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $266,191,685 |
| Net assets without donor restrictions | $1,481,104,069 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,912,197,459 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $17,393,301,528 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milton Hershey School & School Trust has recieved totaling $9,954.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $9,954 |
Endowment Analysis
| Beg. Balance | $12,387,613,285 |
| Earnings | $3,524,584,175 |
| Ending Balance | $15,912,197,460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milton Hershey School & School Trust Hershey, PA | $17,659,493,213 | $1,441,237,383 |
Horace Mann School Bronx, NY | $411,987,049 | $114,795,176 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Ohba Ohio Virtual Academy Maumee, OH | $8,831,443 | $99,189,194 |
Dalton Schools Inc New York, NY | $250,410,973 | $90,558,973 |
Riverdale Country School Inc Bronx, NY | $230,702,058 | $78,624,155 |
Trinity Episcopal Schools Corporation New York, NY | $253,578,391 | $77,991,714 |
United Nations International School New York, NY | $81,345,653 | $72,296,772 |
Columbia Grammar & Preparatory School New York, NY | $120,104,849 | $76,760,684 |
Pingry Corporation Basking Ridge, NJ | $191,409,140 | $59,246,013 |
Mcdonogh School Incorporated Owings Mills, MD | $303,028,509 | $66,391,470 |
Saint Anns School Brooklyn, NY | $150,634,003 | $65,605,468 |