2025-05-07T12:11:02-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 210639868 THE HUN SCHOOL OF PRINCETON HUNS 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 STEFANIE CONNELL CFO 6099217600 2025-05-02 1 1 MATTHEW PETROSKI P00853132 9257902600 2025-04-10 2023 2025-03-06 01:10:19Z STEFANIE CONNELL 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 60697949 0 X WWW.HUNSCHOOL.ORG X 1943 NJ TO EMPOWER EACH STUDENT TO THRIVE IN A DIVERSE & EVERCHANGING WORLD BY (CONTINUED ON SCHEDULE O) NURTURING RESILIENT CHARACTER, PROVIDING INDIVIDUAL MENTORSHIP & INSPIRING VIGOROUS & JOYFUL LEARNING 18 18 342 200 0 0 5358457 4527452 37540876 39346916 1617604 2765098 210546 461643 44727483 47101109 4978039 5174399 0 0 23461014 24942987 3000 0 1928581 14025215 14008165 42467268 44125551 2260215 2975558 83284332 88494978 30324373 30427955 52959959 58067023 THE HUN SCHOOL OF PRINCETON EMPOWERS EACH STUDENT TO THRIVE IN A DIVERSE AND EVERCHANGING WORLD, BY NURTURING RESILIENT CHARACTER, PROVIDING INDIVIDUAL MENTORSHIP AND INSPIRING VIGOROUS AND JOYFUL LEARNING. 0 0 38070991 5174399 39688379 PROVIDED DAY AND RESIDENTIAL SECONDARY EDUCATION FOR GRADES SIX THROUGH TWELVE FOR 690 STUDENTS. IN ADDITION, PROVIDED A SIX-WEEK DAY SUMMER PROGRAM FOR OVER 500 STUDENTS. 38070991 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 104 0 1 342 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X STEFANIE CONNELL 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 SUSAN MCGLORY MICHEL CHAIR/PRESIDENT 1.00 X X 0 0 0 DANNER RIEBE VICE CHAIR/VP 1.00 X X 0 0 0 NIKKI ALPERT SECRETARY 1.00 X X 0 0 0 ROLANDO ACOSTA TRUSTEE 1.00 X 0 0 0 EDWARD BREEN TRUSTEE 1.00 X 0 0 0 MICHAEL DIVERIO TRUSTEE 1.00 X 0 0 0 CHRISTIANA FOGLIO TRUSTEE (THRU 02/24) 1.00 X 0 0 0 PETER FONSECA TRUSTEE 1.00 X 0 0 0 JOHNNY TY FUNG TRUSTEE 1.00 X 0 0 0 XAVIER GOSS TRUSTEE 1.00 X 0 0 0 KERRY KANDEL TRUSTEE 1.00 X 0 0 0 ALICIA KLOSOWSKI TILLMAN TRUSTEE 1.00 X 0 0 0 BRIAN C LOGUE TRUSTEE 1.00 X 0 0 0 ANDREW H MONFRIED TRUSTEE (THRU 10/23) 1.00 X 0 0 0 HERMAN PENNER TRUSTEE 1.00 X 0 0 0 RALPH PISANI TRUSTEE 1.00 X 0 0 0 MICHAEL J RENNA TRUSTEE 1.00 X 0 0 0 ROBERT SIEGEL TRUSTEE 1.00 X 0 0 0 WAYNE SLAPPY TRUSTEE 1.00 X 0 0 0 FELICIA SPITZ TRUSTEE 1.00 X 0 0 0 CHRISTIAN B BRONK HEAD OF SCHOOL 40.00 X 210954 0 48490 STEFANIE J CONNELL CHIEF FINANCIAL OFFICER 40.00 X 278250 0 44933 ALEXIS BROCK CHIEF ADVANCEMENT OFFICER 40.00 X 203979 0 18831 RYAN K HEWS HEAD OF UPPER SCHOOL 40.00 X 221314 0 23644 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 40.00 X 199490 0 19288 JOHN M CHAYKOWSKY DIRECTOR OF OPERATION 40.00 X 181520 0 24447 MAUREEN LEMING CHIEF MARKETING OFFICER 40.00 X 159445 0 88180 SEAN COSTELLO CO-DIRECTOR OF ATHLETICS 40.00 X 170788 0 36551 JONATHAN G BROUGHAM FORMER HEAD OF SCHOOL 40.00 X 265308 0 44235 STEVEN C BRISTOL FORMER ASST HEAD OF ENROLLMENT 40.00 X 106158 0 20429 1997206 0 369028 45 1 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 2305282 C RAYMOND DAVIS & SONS INC 2124 KIMBERTON ROAD KIMBERTON PA 19442 CONSTRUCTION 1013142 SHEARON ENVIRONMENTAL DESIGN OF NJ 5160 MILITIA HILL ROAD PLYMOUTH MEETING PA 19462 LANDSCAPING 552603 NETWORKING MATTERS INC PO BOX 82 BEVERLY NJ 080100082 IT SERVICES 220854 VERACROSS LLC PO BOX 844683 BOSTON MA 022844683 SYSTEMS PROVIDER 124576 5 83674 4443778 157642 4527452 TUITION & FEES 611600 38606380 38606380 SUMMER TUITION 611600 614107 614107 STUDENT FEES 611600 126429 126429 39346916 1091636 1091636 265746 110005 155741 155741 155741 13001376 1845467 11271952 1901429 1729424 -55962 1673462 1673462 21421 83674 21421 0 8430 5728 2702 2702 248042 286305 -38263 -38263 OTHER REVENUE 900099 341463 341463 341463 47101109 39688379 0 2885278 4668296 4668296 506103 506103 1096931 215747 464698 416486 17487617 15097369 1710935 679313 1127081 971243 113885 41953 3879279 3214713 454399 210167 1352079 1113869 161453 76757 57906 49040 5930 2936 128575 128575 216593 216593 771025 500220 173746 97059 163632 61163 98867 3602 967880 879260 47996 40624 542172 464009 48691 29472 2262533 2152349 66131 44053 259109 193325 34946 30838 518387 469555 39812 9020 3124483 2814980 245469 64034 364377 323823 29790 10764 FOOD 2101044 2101044 STUDENT PROGRAMS 2026365 2026365 EQUIPMENT & REPAIRS 242463 215277 17458 9728 ALUMNI AND DONOR ENGAGE 134459 134459 127162 33241 66605 27316 44125551 38070991 4125979 1928581 11945 11177 5662736 8860285 3793465 4745145 509049 601148 14743 14826 758177 856381 86618773 47733937 41566928 38884836 30714550 34360040 252739 161140 83284332 88494978 4096373 3760435 7150397 8030078 19020860 18569240 56743 68202 30324373 30427955 X 35083829 35973286 17876130 22093737 52959959 58067023 83284332 88494978 2975558 2131506 0 X 0 1 X 1 0 X 2350885 5746731 2459524 5358457 4575398 20490995 2350885 5746731 2459524 5358457 4575398 20490995 2973584 17517411 1058042 716481 867460 1119309 1357382 5118674 5620 3841 9461 231875 80208 157079 233455 248042 950659 26569789 176480584 0.65930 0.60500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30998491 678558 4382536 1431200 34628385 29101647 214929 3090915 1409000 30998491 33766257 307947 -3411107 1311700 249750 29101647 29644826 130549 6513615 2299137 223596 33766257 27263933 1023851 1577448 220406 29644826 0.55150 0.44850 0.00000 0 0 1372919 1372919 69175161 35190600 33984561 9838814 8511236 1327578 6231879 4032101 2199778 38884836 STUDENT DEPOSITS 16162 ENROLLMENT DEPOSITS 52040 68202 X 44009143 2131506 30366 -5174399 -3012527 47021670 216593 -137154 79439 47101109 38902079 30366 137154 167520 38734559 216593 5174399 5390992 44125551 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS, FACULTY SALARIES AND PROFESSIONAL DEVELOPMENT, STUDENT PROGRAMS AND OTHER RESTRICTED SUPPORT, AS WELL AS FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. APPROPRIATIONS OF EARNINGS FROM THE ENDOWMENT ARE USED TO SUPPORT THE FUNDS' RESTRICTED PURPOSE OR ANNUAL OPERATING BUDGET. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES FUNDRAISING EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS INCLUDED IN BROCHURES, CATALOGUES AND WRITTEN COMMUNICATIONS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. THE SCHOOL ALSO PROMINENTLY PLACES THEIR POLICY ON THE BOTTOM OF EVERY PAGE OF THEIR WEBSITE, INCLUDING THE MAIN LANDING PAGE, AT WWW.HUNSCHOOL.ORG. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GOVERNMENTAL FUNDING FROM THE STATE OF NJ FOR SECURITY UPGRADES, NURSING SERVICES, TEXTBOOKS AND TECHNOLOGY UPGRADES. 1 NORTH AMERICA 0 0 GRANTMAKING FINANCIAL AID 128000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING FINANCIAL AID 156000 SOUTH AMERICA 0 0 GRANTMAKING FINANCIAL AID 40000 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING FINANCIAL AID 25000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING FINANCIAL AID 157103 0 0 0 0 0 0 506103 0 506103 FINANCIAL AID NORTH AMERICA 3 128000 CREDIT TO STUDENT ACCOUNT FMV FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 3 156000 CREDIT TO STUDENT ACCOUNT FMV FINANCIAL AID SOUTH AMERICA 1 40000 CREDIT TO STUDENT ACCOUNT FMV FINANCIAL AID EAST ASIA AND THE PACIFIC 1 25000 CREDIT TO STUDENT ACCOUNT FMV FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 2 157103 CREDIT TO STUDENT ACCOUNT FMV 0 0 0 0 0 0 PART I, LINE 2: THE SCHOOL USES A THIRD-PARTY TO COLLECT APPLICATIONS, ANALYZE NEED, AND VERIFY A FAMILY'S ELIGIBILITY FOR FINANCIAL AID. THE THIRD-PARTY SYSTEM PROVIDES THE SCHOOL A MAXIMUM AMOUNT OF AID IT SHOULD CONSIDER PROVIDING THE APPLICANT BASED ON A STANDARD FORMULA AND SET OF CRITERIA APPLIED UNIVERSALLY TO ALL APPLICANTS. THE SCHOOL'S FINANCIAL AID COMMITTEE REVIEWS THE RESULTS OF THE ANALYSIS AND MAKES AWARDS BASED ON NEED AND AVAILABILITY OF FUNDS. THE SCHOOL'S THIRD-PARTY HOUSES ALL FINANCIAL AID APPLICATIONS, INCLUDING RELATED DATA AND RESULTS, WITHIN THEIR SECURE SOFTWARE PLATFORM. GALA 105095 83674 21421 4196 1850 15375 105095 83674 21421 4196 1850 15375 21421 0 1 0 0 FINANCIAL AID 184 4668296 FMV CREDIT TO STUDENT'S ACCOUNT PART I, LINE 2: THE SCHOOL USES A THIRD-PARTY TO COLLECT APPLICATIONS, ANALYZE NEED, AND VERIFY A FAMILY'S ELIGIBILITY FOR FINANCIAL AID. THE THIRD-PARTY SYSTEM PROVIDES THE SCHOOL A MAXIMUM AMOUNT OF AID IT SHOULD CONSIDER PROVIDING THE APPLICANT BASED ON A STANDARD FORMULA AND SET OF CRITERIA APPLIED UNIVERSALLY TO ALL APPLICANTS. THE SCHOOL'S FINANCIAL AID COMMITTEE REVIEWS THE RESULTS OF THE ANALYSIS AND MAKES AWARDS BASED ON NEED AND AVAILABILITY OF FUNDS. THE SCHOOL'S THIRD-PARTY HOUSES ALL FINANCIAL AID APPLICATIONS, INCLUDING RELATED DATA AND RESULTS, WITHIN THEIR SECURE SOFTWARE PLATFORM. X X 1 1 X X 0 0 0 0 0 0 0 1 0 STEFANIE J CONNELL CHIEF FINANCIAL OFFICER 265750 0 12500 0 0 0 19694 0 25239 0 323183 0 0 0 JONATHAN G BROUGHAM FORMER HEAD OF SCHOOL 205308 0 60000 0 0 0 35063 0 9172 0 309543 0 0 0 CHRISTIAN B BRONK HEAD OF SCHOOL 196886 0 0 0 14068 0 13846 0 34644 0 259444 0 0 0 MAUREEN LEMING CHIEF MARKETING OFFICER 146945 0 12500 0 0 0 14548 0 73632 0 247625 0 0 0 RYAN K HEWS HEAD OF UPPER SCHOOL 198938 0 5000 0 17376 0 15182 0 8462 0 244958 0 0 0 ALEXIS BROCK CHIEF ADVANCEMENT OFFICER 203979 0 0 0 0 0 15453 0 3378 0 222810 0 0 0 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 190213 0 7500 0 1777 0 13925 0 5363 0 218778 0 0 0 SEAN COSTELLO CO-DIRECTOR OF ATHLETICS 150192 0 0 0 20596 0 11248 0 25303 0 207339 0 0 0 JOHN M CHAYKOWSKY DIRECTOR OF OPERATION 181520 0 0 0 0 0 16225 0 8222 0 205967 0 0 0 STEVEN C BRISTOL FORMER ASST HEAD OF ENROLLMENT 106158 0 0 0 0 0 8172 0 12257 0 126587 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED A NONTAXABLE HOUSING BENEFIT UNDER IRC 119 FOR ON-CAMPUS HOUSING WHERE HE IS REQUIRED TO LIVE AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ESTIMATED FMV VALUE OF THE NONTAXABLE BENEFIT OF $90,000 IS INCLUDED ON SCHEDULE J, PART II, COLUMN (D). THE SCHOOL PAYS FOR A CLUB MEMBERSHIP FOR THE HEAD OF SCHOOL IN ORDER FOR THE SCHOOL TO HOST SCHOOL FUNCTIONS, AND IS TREATED AS TAXABLE INCOME. PART I, LINE 7 STEFANIE CONNELL, CHIEF FINANCIAL AND OPERATIONS OFFICER, JONATHAN BROUGHAM, FORMER HEAD OF SCHOOL, RYAN HEWS, HEAD OF UPPER SCHOOL, KENNETH WEINSTEIN, HEAD OF MIDDLE SCHOOL, AND MAUREEN LEMING, CHIEF MARKETING & COMMUNICATIONS OFFICER, RECIEVED DISCRETIONARY NON-FIXED BONUS PAYMENTS REPORTED ON SCHEDULE J, PART II, COLUMN (II). A PUBLIC FINANCE AUTHORITY 273866124 2021-11-23 27457426 BOND REFINANCE & CONSTRUCTION 0 0 0 A 1172685 27457426 279145 19678281 7500000 2021 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 6 17550 FMV X 102 FMV X 10532 FMV X 10 104150 FMV X 2 1150 FMV X 2 3000 FMV X EVENT TICKETS 16 17175 FMV X GIFT CARDS 22 2725 FMV X SPORTS ITEMS 4 1258 FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE SCHOOL UTILIZED AN AUCTION HOUSE FOR THE SALE OF CERTAIN DONATED HOUSEHOLD GOODS AND ARTWORK. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN MAY OF 2024 TO CHANGE THE VOTING RIGHTS OF THE PARENT AND ALUMNI REPRESENTATIVES TO BE NON-VOTING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO FILING THE RETURN. THE ORGANIZATION RETAINED THE SERVICES OF A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH EDUCATION AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S CFO TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S CFO FOR HER REVIEW. THE CFO REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. THE CPA FIRM PREPARED A FINAL DRAFT OF THE FEDERAL FORM 990 FOR HER REVIEW AND APPROVAL. FOLLOWING CFO APPROVAL, A COPY OF THE FINAL DRAFT IS PROVIDED TO THE GOVERNING BODY AND THEIR APPROVAL IS SECURED PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S HUMAN RESOURCES DIRECTOR REVIEWS THE SCHOOL'S EMPLOYEE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THE SCHOOL'S ATTORNEY DRAFTS AND PERIODICALLY REVIEWS THE SCHOOL'S BOARD CONFLICT OF INTEREST POLICY. SENIOR LEVEL ADMINISTRATIVE EMPLOYEES AND ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. THE SCHOOL'S HUMAN RESOURCES DIRECTOR, CFO, HEAD OF SCHOOL, AND IF WARRANTED, THE CHAIR OF THE BOARD AND EXECUTIVE COMMITTEE REVIEW AND RESPOND TO EMPLOYEE DISCLOSURE STATEMENTS. THE SCHOOL'S ADMINISTRATIVE SECRETARY, HEAD OF SCHOOL, BOARD CHAIR, AND IF WARRANTED, THE EXECUTIVE COMMITTEE REVIEW AND RESPOND TO BOARD DISCLOSURE STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE FORMALLY REVIEWS THE HEAD OF SCHOOL'S PERFORMANCE ANNUALLY, AS WELL AS INFORMALLY THROUGHOUT THE SCHOOL YEAR. THE HEAD OF SCHOOL HAS A THREE-YEAR WRITTEN EMPLOYMENT CONTRACT THAT OUTLINES SALARY INCREASES, BENEFIT LEVELS AND PERFORMANCE BONUS CRITERIA. EVERY THREE YEARS THE EXECUTIVE COMMITTEE, WITH THE ASSISTANCE OF THE SCHOOL'S ATTORNEY, REVIEWS PEER BENCHMARK DATA PREPARED BY THE CFO TO DETERMINE FAIR COMPENSATION INCREASES USED TO CRAFT A NEW HEAD OF SCHOOL THREE-YEAR CONTRACT. SENIOR LEVEL ADMINISTRATIVE EMPLOYEES ARE BENCHMARKED ANNUALLY BY THE HUMAN RESOURCES DIRECTOR, WHO WORKS WITH THE HEAD OF SCHOOL TO DETERMINE FAIR COMPENSATION INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.