2023-05-09T14:33:03-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2021-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF J WECKESSER CHIEF FINANCIAL & OPERATING OFFICER 9086475555 2023-05-08 1 OLAF WECKESSER 999009999 LAURA J KENNEY P00202198 6177170831 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z THE PINGRY SCHOOL OLAF J WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 92315955 0 X WWW.PINGRY.ORG X 1861 NJ TO FOSTER A COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH & SOCIAL RESPONSIBILITY 27 27 517 327 -2689 0 11255941 10845076 50383363 55658913 8403904 5737677 712801 1605846 70756009 73847512 5469419 5766948 0 0 35548529 38367301 0 0 2841007 23785165 23541832 64803113 67676081 5952896 6171431 215792985 235637520 28845652 67832948 186947333 167804572 X THE MISSION OF THE PINGRY SCHOOL IS TO FOSTER IN STUDENTS A LIFELONG COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH AND SOCIAL RESPONSIBILITY BY INSPIRING AND SUPPORTING THEM TO STRIVE FOR ACADEMIC AND PERSONAL EXCELLENCE WITHIN AN ETHICAL FRAMEWORK THAT PLACES THE HIGHEST VALUE ON HONOR AND RESPECT FOR OTHERS. 0 0 58518613 5766948 55701533 THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1,175 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF. 58518613 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 105 0 1 517 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 HI MD MA MI NY OR WV AK NH SC X OLAF WECKESSER 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 LEVINSON MATTHEW D HEAD OF SCHOOL 40.00 X 555300 0 114059 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 329375 0 92622 FAHEY DAVID DIR OF INST ADVANCEMENT, INTERIM 40.00 X 212458 0 60425 BRUNHOUSE ALLISON C DIR OF INST ADVANCEMENT TO JUN 2021 40.00 X 223009 0 37378 DINKINS DELVIN M ASST HEAD OF SCHOOL-MIDDLE & UPPER 40.00 X 233597 0 22399 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 40.00 X 208633 0 34595 CHAN TIFFANY D DIRECTOR OF STRATEGY 40.00 X 212100 0 8714 SHRANK IAN S CHAIR 8.00 X X 0 0 0 HALIVPOULOS LORI E VICE CHAIR 8.00 X X 0 0 0 WYMAN PROCTER KATHARINE TREASURER 4.00 X X 0 0 0 LEDERMAN STUART M SECRETARY 4.00 X X 0 0 0 GRANT DENISE M ASSISTANT SECRETARY 4.00 X X 0 0 0 OVERDECK LAURA ASSISTANT SECRETARY 2.00 X X 0 0 0 BAIRD III WILLIAM D TRUSTEE 2.00 X 0 0 0 BECKMEN JANICE C TRUSTEE 2.00 X 0 0 0 CHEN JIAYI TRUSTEE 2.00 X 0 0 0 DAVICH ARLYN TRUSTEE 2.00 X 0 0 0 EDWARDS JEFFREY N TRUSTEE 2.00 X 0 0 0 ENG KEVIN D TRUSTEE 2.00 X 0 0 0 FOURNIER ALAN P TRUSTEE 2.00 X 0 0 0 GERMAIN LINCOLN TRUSTEE 2.00 X 0 0 0 ITTYCHERIA DEV C TRUSTEE 2.00 X 0 0 0 LINK STEPHANIE TRUSTEE 2.00 X 0 0 0 LIPPER STEVEN M TRUSTEE 2.00 X 0 0 0 MANKIW N GREGORY TRUSTEE 2.00 X 0 0 0 MASON CAROLYN TRUSTEE 2.00 X 0 0 0 MORGAN TWINKLE TRUSTEE 2.00 X 0 0 0 MORIARTY MELISSA TRUSTEE 2.00 X 0 0 0 MULLINS JR DONALD C TRUSTEE 2.00 X 0 0 0 NITABACH MICHAEL TRUSTEE 2.00 X 0 0 0 O'TOOLE MAGGIE TRUSTEE 2.00 X 0 0 0 PLOTKIN ADAM J TRUSTEE 2.00 X 0 0 0 SCHMIDT KEVIN TRUSTEE 2.00 X 0 0 0 WILF JONANTHAN Z TRUSTEE 2.00 X 0 0 0 SAUNDERS AMY B TRUSTEE TO AUG 2021 2.00 X 0 0 0 1974472 0 370192 85 0 1 0 HENDRY CONSTRUCTION SERVICES INC 1160 ROUTE 22 SOUTH SOMERVILLE NJ 08876 CONSTRUCTION SERVICES 2104595 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLE MD 21093 STUDENT FOOD SERVICE 2002260 ATHLETIC FIELDS OF AMERICA PO BOX 252 150 RIVER RD BLDG G MONTVILLE NJ 07045 CONSTRUCTION SERVICES 1277785 INTERSTATE MAINTENANCE CORPORATION 508 PRUDENTIAL ROAD STE 100 HORSHAM PA 19044 CLEANING SERVICES 827424 NOC SERVICES CORPORATION 230 SHUNPIKE ROAD SPRINGFIELD NJ 07081 TECH EQUIPMENT/ CONSULTING SERVICES 732979 20 10845076 311539 10845076 TUITION AND FEES 611600 52122372 52122372 AUXILIARY SERVICES 611600 3536541 3536541 55658913 3744344 -2689 3747033 1323046 325185 997861 997861 997861 19965175 17971842 1993333 1993333 1993333 308711 171416 137295 137295 MISCELLANEOUS 900099 470690 42620 428070 470690 73847512 55701533 -2689 7303592 5766948 5766948 950275 950275 27532946 23400719 2571019 1561208 2087325 1779879 186799 120647 5733023 4858687 544994 329342 2063732 1717280 229559 116893 189746 189746 152272 152272 235096 235096 8111 8111 1511572 46927 989150 475495 529059 529059 4912386 4810208 82528 19650 54869 54869 348523 341274 5855 1394 6861401 6718684 115271 27446 998831 978056 16780 3995 INSTRUCTIONAL 3373232 3373232 STUDENT FOOD SERVICE 1968084 1968084 STUDENT ATHLETICS 768231 768231 UBI TAXES 14580 14580 1615839 1461345 24426 130068 67676081 58518613 6316461 2841007 7687326 1514356 14078128 8562681 4715506 717896 105394 41081845 220405 255377 334635 242541 148892451 81644756 63533453 67247695 43359442 41745535 75433839 64566678 6324857 9702916 215792985 235637520 7112673 6465323 7831563 48615382 13901416 12752243 28845652 67832948 X 86945121 77400166 100002212 90404406 186947333 167804572 215792985 235637520 X 6171431 -25442124 127932 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120552464 5550302 -19334296 1800874 1870269 103097327 88488581 3682641 31795077 1584334 1829501 120552464 96901905 991960 621398 1539044 8487638 88488581 90263484 6509629 3430281 1671702 1629786 96901906 93029209 2809259 5304078 1514904 9364158 90263484 0.14854 0.35830 0.49316 0 0 6793643 6793643 126107493 69045635 57061858 15399154 12102468 3296686 592161 496653 95508 67247695 ALTERNATIVE INVESTMENTS 64566678 F 64566678 X 43011640 -25442124 127932 -25314192 68325832 235096 5286584 5521680 73847512 62154401 496601 496601 61657800 235096 5783185 6018281 67676081 PART V, LINE 4: THE CORPORATION RECEIVES GIFTS INTENDED TO PRODUCE INCOME IN PERPETUITY FOR THE SCHOOL TO FINANCE FACULTY SUPPORT, FINANCIAL AID, AS WELL AS GENERAL OPERATIONS. THE CORPORATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT AND BOARD-DESIGNATED ASSETS THAT ATTEMPT TO 1) PROVIDE A STREAM OF RELATIVELY PREDICTABLE, STABLE AND CONSTANT FUNDING IN SUPPORT OF ANNUAL BUDGETARY NEEDS; AND 2) PRESERVE, IF NOT ENHANCE, THE REAL INFLATION-ADJUSTED PURCHASING POWER OF THE FUND AFTER MANAGMENT EXPENSES AND SPENDING. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE CORPORATION MUST HOLD IN PERPETUITY, FOR DONOR-SPECIFIED PERIODS, AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER INTENDED TO PRODUCE RESULTS THAT 1) ATTAIN AN AVERAGE ANNUAL NOMINAL TOTAL RETURN (BEFORE INFLATION) THAT IS EQUAL TO OR EXCEEDS ANNUAL SPENDING PLUS FUND MANAGEMENT COSTS OVER ROLLING FIVE-YEAR PERIODS; 2) OUTPERFORM THE FUND'S CUSTOM BENCHMARK; AND 3) BETTER THE MEDIAN RETURN OF A PEER GROUP OF INDEPENDENT SCHOOLS WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. PART X, LINE 2: THE CORPORATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2022 AND 2021, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 127,932. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,766,948. OTHER EXPENSES NETTED WITH INVESTMENT INCOME ON FINANCIAL STATEMENTS 1,657. TAXES NETTED WITH INVESTMENT INCOME ON FINANCIAL STATEMENTS 14,580. RECLASS FACILITY RENTAL DIRECT EXPENSES -325,185. RECLASS COST OF SALES -171,416. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FACILITY RENTAL DIRECT EXPENSES 325,185. RECLASS COST OF SALES 171,416. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,766,948. OTHER EXPENSES NETTED WITH INVESTMENT INCOME ON FINANCIAL STATEMENTS 1,657. TAXES NETTED WITH INVESTMENT INCOME ON FINANCIAL STATEMENTS 14,580. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN PROMOTIONAL MATERIALS AND ON ITS WEBSITE AT WWW.PINGRY.ORG/ABOUT/DIVERSITY-INCLUSION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 40572025 0 0 0 0 0 0 40572025 0 40572025 1 0 1 0 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3 THE ORGANIZATION'S OWNERSHIP INTEREST DURING THE FISCAL YEAR DOES NOT REQUIRE FILING OF FORM 5471. 1 NEED BASED FINANCIAL AID 175 5766948 0 PART I, LINE 2: ALL ASSISTANCE IS PROVIDED AS A SCHOLARSHIP TO PINGRY, NO FUNDS ARE PROVIDED DIRECTLY TO RECIPIENTS AND THEREFORE PROPER ALLOCATION TO INTENDED PURPOSE IS ENSURED. ALL FINANCIAL ASSISTANCE IS AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X 1 1 X X X X X X 1 0 0 0 0 0 0 1 0 LEVINSON MATTHEW D HEAD OF SCHOOL 461500 0 1000 0 92800 0 27313 0 86746 0 669359 0 0 0 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 324337 0 1000 0 4038 0 21965 0 70657 0 421997 0 0 0 FAHEY DAVID DIR OF INST ADVANCEMENT, INTERIM 205833 0 1000 0 5625 0 14259 0 46166 0 272883 0 0 0 BRUNHOUSE ALLISON C DIR OF INST ADVANCEMENT TO JUN 2021 111005 0 1000 0 111004 0 9467 0 27911 0 260387 0 0 0 DINKINS DELVIN M ASST HEAD OF SCHOOL-MIDDLE & UPPER 232597 0 1000 0 0 0 22072 0 327 0 255996 0 0 0 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 201633 0 1000 0 6000 0 19365 0 15230 0 243228 0 0 0 CHAN TIFFANY D DIRECTOR OF STRATEGY 211100 0 1000 0 0 0 4750 0 3964 0 220814 0 0 0 PART I, LINE 1A THE HOUSING IS PROVIDED ON CAMPUS, FURNISHED FOR THE CONVENIENCE OF THE EMPLOYER AND IS A REQUIRED CONDITION OF EMPLOYMENT, AS SUCH IT IS DEEMED A WORKING CONDITION FRINGE BENEFIT OF QUALIFIED CAMPUS LODGING, AND IS NOT INCLUDED IN W-2 COMPENSATION. FOR THE HEAD OF SCHOOL, $60,000 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). PERSONAL FINANCIAL PLANNING SERVICES WITH A VALUE OF $10,190 WAS PROVIDED TO THE HEAD OF SCHOOL. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4A ALLISON C. BRUNHOUSE WAS PAID SEVERANCE IN THE AMOUNT OF $111,005, WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 ALL FULL-TIME EMPLOYEES WERE PAID A $1,000 BONUS, WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN B(II). A PUBLIC FINANCE AUTHORITY SERIES 2015 A & B 273866124 2015-02-17 20500000 SEE PART VI 0 0 0 A 7680171 20500000 12892074 7607926 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 PART I, LINE A, COLUMN F & PART II, LINE 14: DESCRIPTION OF PURPOSE: TO FUND CAMPUS IMPROVEMENTS ($12,892,074) AND TO REFUND 11/1/2012 NJEDA BONDS ($7,607,926). PART IV, LINE 2C, COLUMN A: IN THE OPINION OF BOND COUNSEL, ALL GROSS PROCEEDS OF THE BONDS SUBJECT TO THE ARBITRAGE REBATE REQUIREMENT IMPOSED UNDER IRC SECTION 148(F) HAVE BEEN EXPENDED PRIOR TO THE REBATE COMPUTATION DATE AND NO ARBITRAGE REBATE AMOUNT IS DUE. X 21 311539 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT FOR THE BOARD OF TRUSTEES AND CONSISTS OF THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO MANAGEMENT TO POST ON-LINE FOR TRUSTEE ACCESS. AT THAT POINT TRUSTEES ARE NOTIFIED THAT THE RETURN IS AVAILABLE FOR THEIR REVIEW. MEMBERS OF THE BOARD OF TRUSTEES REVIEW THE DRAFT FORM 990 AND DIRECT COMMENTS AND RECOMMENDATIONS TO MANAGEMENT. ONCE ALL COMMENTS AND RECOMMENDATIONS HAVE BEEN ADDRESSED AND CHANGES HAVE BEEN MADE, THE FORM 990 IS APPROVED BY THE BOARD OF TRUSTEES AND FILED WITH THE IRS. THIS QUESTION IS REQUIRED TO BE ANSWERED NO BASED ON THE IRS INSTRUCTIONS, BECAUSE, ALTHOUGH THE FULL BOARD DOES RECEIVE AND REVIEW A COPY OF THE FORM 990 PRIOR TO THE RETURN BEING FILED, THE SCHEDULE B INFORMATION HAS BEEN REDACTED FROM THE COPY THEY ARE PROVIDED. THIS REDACTION IS THE SCHOOL'S GOOD FAITH EFFORT TO COMPLY AND RESPECT DONOR CONFIDENTIALITY REQUESTS. IF A MEMBER OF THE BOARD WERE TO REQUEST ACCESS TO THE REDACTED INFORMATION, IT WOULD BE PROVIDED TO THEM. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES, HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. THE POTENTIAL CONFLICTS ARE REPORTED TO THE HEAD OF THE COMMITTEE ON TRUSTEES. THE EXECUTIVE COMMITEE MAKES FINAL DETERMINATION AS TO WHETHER A CONFLICT EXISTS. WHEN A CONFLICT ARISES, THE INDIVIDUAL WILL NOT VOTE ON THE CONTRACT OR TRANSACTION OR EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE OF MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL COMPENSATION IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN CONSULTATION WITH AN INDEPENDENT COMPENSATION CONSULTANT, BASED ON A REVIEW OF THE HEAD OF SCHOOL'S PERFORMANCE AND COMPARABLE BENCHMARKING INFORMATION FROM NAIS AND INDEX. THE DELIBERATION BY THE COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD IS DOCUMENTED IN EACH COMMITTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 127,932.