2022-05-10T15:05:32-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF WECKESSER CHIEF FINANCIAL & OPERATING OFFICER 9086475555 2022-05-04 1 OLAF WECKESSER 999009999 CONNIE M LIRA P00481097 2156433900 2022-05-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z THE PINGRY SCHOOL OLAF WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 109766913 0 X WWW.PINGRY.ORG X 1861 NJ TO FOSTER A COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH & SOCIAL RESPONSIBILITY 25 25 446 297 285529 259903 4101704 11255941 49462938 50383363 4929363 8403904 752008 712801 59246013 70756009 6656320 5469419 0 0 32407596 35548529 0 0 2042556 25849820 23785165 64913736 64803113 -5667723 5952896 191409140 215792985 34733753 28845652 156675387 186947333 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 54243238 5469419 50409410 THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1,130 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF. 54243238 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 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 86 0 446 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 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 EDWARDS JEFFREY N CHAIR 8.00 X X 0 0 0 SHRANK IAN S 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 BAIRD III WILLIAM D TRUSTEE 2.00 X 0 0 0 BARRAL STEPHEN M TRUSTEE 2.00 X 0 0 0 BECKMEN JANICE C TRUSTEE 2.00 X 0 0 0 CHEN XIAOFENG 'DANIEL' TRUSTEE 2.00 X 0 0 0 DAVICH ARLYN 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 HALIVPOULOS LORI E 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 MULLINS JR DONALD C TRUSTEE 2.00 X 0 0 0 O'TOOLE MAGGIE TRUSTEE 2.00 X 0 0 0 OVERDECK LAURA TRUSTEE 2.00 X 0 0 0 PEACOCK JONATHAN M TRUSTEE 2.00 X 0 0 0 SANTANA MARGARET TRUSTEE 2.00 X 0 0 0 SAUNDERS AMY B 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 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 289534 0 90612 LEVINSON MATTHEW D HEAD OF SCHOOL 40.00 X 544854 0 75080 BRUNHOUSE ALLISON C DIRECTOR OF INSITUTIONAL ADVANCEMENT 40.00 X 203774 0 73209 CHATTERJI ANANYA DIRECTOR OF UPPER SCHOOL 40.00 X 178842 0 87962 DINKINS DELVIN M ASST HEAD OF SCHOOL-MIDDLE & UPPER 40.00 X 212989 0 21457 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 40.00 X 179918 0 34969 PIETTE LAURIE A DIRECTOR OF MIDDLE SCHOOL 40.00 X 183515 0 27381 CONARD NATHANIEL E FORMER OFFICER 40.00 X 332340 0 0 2125766 0 410670 45 1 1 0 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLETIMONIUM MD 21093 STUDENT FOOD SERVICE 1781393 MIRIMUS INC 760 PARKSIDE AVENUE SUITE 206 BROOKLYN NY 11226 COVID TESTING 813898 THE LEEGIS GROUP 2333 US 22 SOUTH UNION NJ 07083 CONTRACTOR SERVICES 786067 NOC SERVICES CORPORATION 230 SHUNPIKE ROAD SPRINGFIELD NJ 07081 TECH EQUIPMENT/ CONSULTING SERVICES 735270 INTERSTATE MAINTENANCE CORPORATION 508 PRUDENTIAL ROAD STE 100 HORSHAM PA 19044 CLEANING SERVICES 607267 33 4462500 6793441 184754 11255941 TUITION AND FEES 611600 47917170 47917170 AUXILIARY SERVICES 611600 2466193 2466193 50383363 2472064 285529 2186535 461957 53989 407968 407968 407968 44668854 142650 38879664 0 5789190 142650 5931840 5931840 191418 77251 114167 114167 MISCELLANEOUS 900099 190666 26047 164619 190666 70756009 50409410 285529 8805129 5469419 5469419 916759 916759 26272902 22371568 2627730 1273604 1935880 1660808 177878 97194 4620331 3945201 444249 230881 1802657 1508142 206256 88259 199609 199609 158229 158229 225000 225000 7049 7049 1066824 46584 773481 246759 570397 570397 6683030 6544023 112275 26732 2157 2157 381790 381790 6165061 6036829 103572 24660 797592 781002 13400 3190 LEGAL SETTLEMENTS 2405598 2405598 INSTRUCTIONAL 1825553 1825553 STUDENT FOOD SERVICE 1802125 1802125 UBI TAXES 64924 64924 1430227 1299797 81310 49120 64803113 54243238 8517319 2042556 2185149 7687326 19163751 14078128 2189910 4715506 211577 105394 154630 220405 306068 334635 138344921 74811468 65933832 63533453 37843054 43359442 57421946 75433839 5999223 6324857 191409140 215792985 7815990 7112673 7433578 7831563 15021685 13901416 4462500 34733753 28845652 X 81627057 86945121 75048330 100002212 156675387 186947333 191409140 215792985 X 5952896 24062729 256321 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88488581 3682641 31795077 3413835 120552464 96901905 991960 621398 10026682 88488581 90263484 6509629 3430281 3301488 96901906 93029209 2809259 5304078 10879062 90263484 87771951 1190906 7855847 3789495 93029209 0.19786 0.27663 0.52551 0 0 2643643 2643643 121008919 63793934 57214985 14085160 10581233 3503927 607199 436301 170898 63533453 ALTERNATIVE INVESTMENTS 75433839 F 75433839 X 89446956 24062729 -5278022 18784707 70662249 225000 -131240 93760 70756009 59175010 131240 131240 59043770 225000 5534343 5759343 64803113 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, 2021 AND 2020, 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 256,321. FINANCIAL AID -5,469,419. TAXES NETTED WITH INVESTMENT INCOME ON FINANCIAL STATEMENTS -64,924. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS FACILITY RENTAL DIRECT EXPENSES -53,989. RECLASS COST OF SALES -77,251. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FACILITY RENTAL DIRECT EXPENSES 53,989. RECLASS COST OF SALES 77,251. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,469,419. TAXES NETTED WITH INVESTMENT INCOME ON FINANCIAL STATEMENTS 64,924. 1 1 1 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 VARIOUS NEWSPAPERS AND PROMOTIONAL MATERIALS. 1 NEED BASED FINANCIAL AID 166 5469419 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. X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 LEVINSON MATTHEW D HEAD OF SCHOOL 544854 0 0 0 0 0 26838 0 48242 0 619934 0 0 0 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 289534 0 0 0 0 0 21903 0 68709 0 380146 0 0 0 CONARD NATHANIEL E FORMER OFFICER 0 0 0 0 332340 0 0 0 0 0 332340 0 0 0 BRUNHOUSE ALLISON C DIRECTOR OF INSITUTIONAL ADVANCEMENT 203774 0 0 0 0 0 18817 0 54392 0 276983 0 0 0 CHATTERJI ANANYA DIRECTOR OF UPPER SCHOOL 178842 0 0 0 0 0 19703 0 68259 0 266804 0 0 0 DINKINS DELVIN M ASST HEAD OF SCHOOL-MIDDLE & UPPER 212989 0 0 0 0 0 21280 0 177 0 234446 0 0 0 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 179918 0 0 0 0 0 18915 0 16054 0 214887 0 0 0 PIETTE LAURIE A DIRECTOR OF MIDDLE SCHOOL 183515 0 0 0 0 0 18803 0 8578 0 210896 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. PART I, LINES 4A-B NATHANIEL E. CONRAD, HEADMASTER, RECEIVED $332,340 IN SEVERANCE PAYMENTS AS A CONDITION OF ENDING HIS EMPLOYMENT CONTRACT, THIS AMOUNT WAS INCLUDED IN W-2 INCOME AND IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III). THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. A PUBLIC FINANCE AUTHORITY SERIES 2015 A & B 273866124 2015-02-17 20500000 SEE PART VI 0 0 0 A 6524240 20500000 12892074 7607926 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 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 THAT NO ARBITRAGE REBATE AMOUNT IS DUE. X 15 184754 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 1 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. 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 256,321.