2020-05-21T16:44:37-05:00 2019-06-30 WITHUMSMITHBROWNPC 4600 EAST-WEST HWY 900 BETHESDA MD 20814 990 2018-07-01 210639868 The Hun School of Princeton % STEFANIE CONNELL HUNS 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 STEFANIE CONNELL CFO 6099217600 2020-05-14 true RICHARD L RUVELSON P00234075 3012726000 209.190.253.84 22006220201425000293 2020-05-21 P 833D9BA5299041826641AEDE5C1773806529F77E EBD8DFBC700724A96E49BF1A406FB658268A8823 2018 2020-11-06 18:47:13Z STEFANIE CONNELL 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 47903598 false X WWW.HUNSCHOOL.ORG X 1943 NJ TO EMPOWER EACH STUDENT TO THRIVE IN A DIVERSE & EVER-CHANGING WORLD BY NURTURING RESILIENT CHARACTER, PROVIDING INDIVIDUAL MENTORSHIP & INSPIRING VIGOROUS & JOYFUL LEARNING 24 24 302 120 0 11532322 6278679 30894296 31686674 1523979 1515851 401574 418382 44352171 39899586 4884235 4970795 0 0 17334293 18381624 0 154890 2578076 12009066 11764318 34227594 35271627 10124577 4627959 76618616 79489856 32303762 29918908 44314854 49570948 THE HUN SCHOOL OF PRINCETON EMPOWERS EACH STUDENT TO THRIVE IN A DIVERSE AND EVER-CHANGING WORLD, BY NURTURING RESILIENT CHARACTER, PROVIDING INDIVIDUAL MENTORSHIP AND INSPIRING VIGOROUS AND JOYFUL LEARNING. false false 29111959 4970795 31817387 PROVIDED COLLEGE PREPARATORY SECONDARY EDUCATION FOR GRADES SIX THROUGH TWELVE FOR 652 STUDENTS. IN ADDITION, PROVIDED A 5-WEEK SUMMER SCHOOL PROGRAM, WITH FOR-CREDIT AND ENRICHMENT COURSES, FOR OVER 600 STUDENTS. 29111959 true true false false false false false false false true true false false false true true true false true false false false false true true false false false true true true false false false false false false false false false true true false false false false false false false false true 144 0 true 302 true false false false false false true true false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false NJ X STEFANIE CONNELL 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 X Stephen T Wills President/Board Member 1.0 0.0 X X 0 0 0 Susan McGlory Michel Vice President/Board Member 1.0 0.0 X X 0 0 0 Leah T Ricci Secretary/Board Member 1.0 0.0 X X 0 0 0 Sanjay Kannambadi Treasurer/Board Member 1.0 0.0 X X 0 0 0 Edward Breen Board Member 1.0 0.0 X 0 0 0 Giovanni Caforio Board Member 1.0 0.0 X 0 0 0 Kimberly Jingoli Chiurco Board Member 1.0 0.0 X 0 0 0 Marianne Deane Board Member 1.0 0.0 X 0 0 0 Johnny TY Fung Board Member 1.0 0.0 X 0 0 0 Thomas Horwich Board Member 1.0 0.0 X 0 0 0 Scott Landis Board Member 1.0 0.0 X 0 0 0 Allan Levine Board Member 1.0 0.0 X 0 0 0 Brian C Logue Board Member 1.0 0.0 X 0 0 0 Regina Massad Board Member 1.0 0.0 X 0 0 0 Andrew H Monfried Board Member 1.0 0.0 X 0 0 0 Herman Penner Board Member 1.0 0.0 X 0 0 0 Leigh Ann Peterson Board Member 1.0 0.0 X 0 0 0 Michael J Renna Board Member 1.0 0.0 X 0 0 0 Danner Riebe Board Member 1.0 0.0 X 0 0 0 Eric P Rosenblum Board Member 1.0 0.0 X 0 0 0 Mordechai Rozanski Board Member 1.0 0.0 X 0 0 0 John Tugwell Board Member 1.0 0.0 X 0 0 0 Susan Ward Board Member 1.0 0.0 X 0 0 0 Orin S Wilf Board Member 1.0 0.0 X 0 0 0 Richard Goldman Esq Counsel 1.0 0.0 X 0 0 0 Jonathan G Brougham Vice President/Headmaster 40.0 0.0 X 415779 0 66238 Andrew C Hamlin Asst. Sec./Asst. Headmaster 40.0 0.0 X 207663 0 21677 Stefanie Connell CFO 40.0 0.0 X 197472 0 58301 Ryan K Hews Head of Upper School 40.0 0.0 X 170315 0 21748 Steven C Bristol Director of Admissions 40.0 0.0 X 169325 0 77246 Kenneth J Weinstein Head of Middle School 40.0 0.0 X 153281 0 77201 Jonathan Stone Director of Resident Life 40.0 0.0 X 147727 0 33238 J Michael Chaykowsky Director of Facilities 40.0 0.0 X 144550 0 20124 1606112 0 375773 15 false true false SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 2123125 SCOZZARI BUILDERS INCORPORATED 1891 NORTH OLDEN AVENUE TRENTON NJ 08638 CONSTRUCTION 880492 BRIGHTVIEW LANDSCAPES LLC PO BOX 740655 ATLANTA GA 303740655 LANDSCAPING 392748 GRAHAM-PELTON CONSULTING INC 39 BEECHWOOD ROAD SUMMIT NJ 07901 FUNDRAISING CONSULT. 190888 ALLAN INDUSTRIES INC PO BOX 786917 PHILADELPHIA PA 191786917 CUSTODIAL SERVICES 184579 9 22261 6256418 2655703 6278679 TUITION AND FEES 611600 30298885 30298885 STUDENT FEES 611600 127216 127216 SUMMER TUITION 611600 848147 848147 OPTIONAL PROGRAMS 611600 412426 412426 31686674 618813 618813 0 0 430755 99421 331334 0 331334 331334 8467358 7570320 897038 897038 897038 32915 22261 32915 0 0 0 257691 301356 -43665 -43665 OTHER REVENUE 900099 130713 130713 130713 39899586 31817387 1803520 0 4970795 4970795 0 0 948830 200258 391501 357071 0 13201972 11097755 1291107 813110 888986 713856 101344 73786 2329053 1870230 265512 193311 1012783 813265 115457 84061 0 225828 181340 25744 18744 56115 56115 0 154890 154890 223438 223438 3133681 2835096 155778 142807 147178 20004 127174 1814310 1598915 87027 128368 235010 188727 26783 19500 0 832402 684365 85666 62371 233347 188272 6437 38638 0 90737 81014 2481 7242 631167 506827 71953 52387 0 2462285 1977215 280700 204370 197700 25687 172013 SPECIAL PROGRAMS 1002372 756896 52511 192965 REPAIRS & MAINTENANCE 323522 263318 34839 25365 RECRUITMENT 105423 91577 8012 5834 FOOD 46547 46547 3256 3256 35271627 29111959 3581592 2578076 4245 4789 3685291 4189296 5696143 7550101 664010 664459 0 0 0 0 0 0 84445 25545 663417 563165 71917607 33965245 39643411 37952362 25627066 27263932 0 0 0 0 253343 243210 297245 1032997 76618616 79489856 2459405 2277958 0 0 6586919 5262845 21771745 21169432 0 0 0 0 156880 119197 20000 10000 1308813 1079476 32303762 29918908 X 33678839 37131709 1287055 2909736 9348960 9529503 44314854 49570948 76618616 79489856 X 4627959 561553 66582 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25627067 794991 2071772 1006460 223437 27263933 23154089 1604499 1982489 910000 204010 25627067 20002301 1974344 2182270 830000 174826 23154089 19171413 1852443 -56678 850857 114020 20002301 18577159 818225 727258 751369 199861 19171412 0.65530 0.34470 false false 1885113 1885113 58655449 24306723 34348726 7212775 6071073 1141702 4164270 3587449 576821 37952362 0 STUDENT DEPOSITS 16140 OBLIGATION 963997 DEFERRED COMPENSATION 99339 1079476 X 35700598 561553 -4970795 -4409242 40109840 223438 -433692 -210254 39899586 30444504 367110 367110 30077394 223438 4970795 5194233 35271627 PART V, LINE 4 AS DESIGNATED BY THE DONOR FOR PERMANENTLY RESTRICTED AND AS DESIGNATED BY THE BOARD FOR BOARD RESTRICTED. PART X, LINE 2 Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the School and recognize a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the School, and has concluded that as of June 30, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The School files tax returns in the U.S. federal jurisdiction, as well as the state of New Jersey and has no income tax related penalties and interest for the periods presented in these financial statements. Should any such penalties and interest be incurred, the School's policy would be to recognize them as operating expenses. In the normal course of business, the School is subject to examination by taxing authorities. As of June 30, 2019 and through the date of this report there are no on-going audits or unresolved disputes with the various tax authorities that the School files with. As of June 30, 2019, the School had no unrecognized tax benefits. PART XI, LINE 2D FINANCIAL AID - $(4,970,795) PART XI, LINE 4B COST OF GOODS SOLD $ (301,356) RENTAL EXPENSE (99,421) FUNDRAISING EXPENSES (32,915) ----------- TOTAL $ (433,692) PART XII, LINE 2D COST OF GOODS SOLD $ 301,356 POST-RETIREMENT BENEFIT ADJUSTMENT (247,774) BAD DEBT EXPENSE 181,192 RENTAL EXPENSE 99,421 FUNDRAISING EXPENSES 32,915 ----------- TOTAL $ 367,110 PART XII, LINE 4B FINANCIAL AID - $ 4,970,795 true true true true true true true false false false false false false false false false false true SCHEDULE E, PT I, LINE 3 THE POLICY IS INCLUDED IN BROCHURES, CATALOGUES AND WRITTEN COMMUNICATIONS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. IN CONJUNCTION WITH NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS AND THE ASSOCIATION OF DELAWARE VALLEY INDEPENDENT SCHOOLS, WE PLACE ADS STATING OUR NONDISCRIMINATORY POLICY IN AREA NEWSPAPERS. WE HAVE PLACED ADS IN THE STAR LEDGER, THE PHILADELPHIA INQUIRER AND THE PHILADELPHIA DAILY NEWS. X X X X X X true GRAHAM-PELTON 39 BEECHWOOD RD SUMMIT NJ 07901 CONSULTANT false 0 154890 0 154890 NJ GALA 55176 22261 32915 26412 4372 2131 0 55176 22261 32915 26412 4372 2131 32915 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 true FINANCIAL AID AND TUITION REMISSION 180 4891565 FMV FINANCIAL AID/REMISS DISCOUNTS 232 79230 FMV DISCOUNTS PART I, LINE 2 THE SCHOOL ESTABLISHED A COMMITTEE TO REVIEW APPLICATIONS AND AWARD FINANCIAL AID BASED ON NEED. X X true true X X false false false false false false false false false Jonathan G Brougham Vice President/Headmaster 354968 0 60000 811 38125 0 32108 0 486012 0 0 0 Andrew C Hamlin Asst. Sec./Asst. Headmaster 207663 0 0 0 15598 0 7881 0 231142 0 0 0 Stefanie Connell CFO 197472 0 0 0 14701 0 45332 0 257505 0 0 0 Ryan K Hews Head of Upper School 170315 0 0 0 11861 0 11431 0 193607 0 0 0 Steven C Bristol Director of Admissions 169325 0 0 0 13083 0 65700 0 248108 0 0 0 Kenneth J Weinstein Head of Middle School 153281 0 0 0 11588 0 67039 0 231908 0 0 0 Jonathan Stone Director of Resident Life 147727 0 0 0 7371 0 27248 0 182346 0 0 0 J Michael Chaykowsky Director of Facilities 144550 0 0 0 11271 0 10220 0 166041 0 0 0 PART I, LINE 1A THE HEADMASTER IS REQUIRED TO LIVE ON SCHOOL GROUNDS AS A REQUIREMENT OF HIS EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL, AND IS TREATED AS NON-TAXABLE UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. THE SCHOOL PAYS FOR A CLUB MEMBERSHIP FOR THE HEADMASTER AND ASSISTANT HEADMASTER OF ADVANCEMENT IN ORDER FOR THE SCHOOL TO HOST SCHOOL FUNCTIONS, AND IS TREATED AS NON-TAXABLE INCOME AS NEITHER OF THEM USE THE MEMBERSHIP FOR PERSONAL USE. A PUBLIC FINANCE AUTHORITY 273866124 2013-08-01 23000000 BOND REFINANCING + CONSTRUCTION false false false A 13660000 0 23000000 0 0 0 280000 0 0 9109050 0 0 2016 true false false true A false false false 0 false false false false A false true false false false false 0 false 0 false false A false NICHOLAS SCOZZARI FORMER BOARD MEMBER AND OWNER OF SCOZZARI BUILDERS, INC. 880492 CONTRUCTION false JOHN LAW OWNS >35% ENTITY, LAW ENTERPRISES,& FAMILY MEMBER OF REGINA MASSAD, BOARD MBR 101337 PRINTING false X 12 45864 FMV X 1 2600000 FMV X GALA MISCELLANEOUS AUCTION ITEMS 52 20759 FMV OF DONATED ITEM X ANNUAL GIVING CAMPAIGN 2 1817 FMV OF DONATED ITEM X FINE ARTS 1 1 FMV OF DONATED ITEM false true false 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. PART VI, SECTION B, LINE 12C THE SCHOOLS HUMAN RESOURCES DIRECTOR REVIEWS THE SCHOOL'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS DURING THEIR HANDBOOK AND POLICY REVIEW. THE SCHOOLS ATTORNEY ALSO REVIEWS THE POLICY PERIODICALLY. THIS POLICY APPLIES TO THE SCHOOLS ADMINISTRATIVE TEAM WHICH INCLUDES BOARD MEMBERS AND EMPLOYEES. ALL BOARD MEMBER'S COMPLETED ANNUAL STATEMENTS ARE REVIEWED BY THE SCHOOLS ADMINISTRATIVE SECRETARY. THE ADMINISTRATIVE SECRETARY INFORMS THE HEADMASTER OF ALL BOARD MEMBER REPORTED CONFLICTS OF INTEREST. THE HEADMASTER REPORTS THE BOARD MEMBER CONFLICTS OF INTEREST TO THE SCHOOLS EXECUTIVE COMMITTEE TO REVIEW FOR ANY NECESSARY MITIGATING BEHAVIOR. EMPLOYEE DISCLOSURE STATEMENTS ARE SUBMITTED TO THE HEADMASTER, CHIEF FINANCIAL OFFICER AND HUMAN RESOURCES DIRECTOR FOR REVIEW AND DETERMINATION AS TO WHETHER ANY SIGNIFICANT CONFLICT OF INTEREST EXISTS. ALL CONFLICTS OF INTEREST REPORTED BY EMPLOYEES ARE SHARED WITH THE CHAIR OF THE BOARD AND, IF NECESSARY, THE EXECUTIVE COMMITTEE. PART VI, SECTION B, LINE 15 THE HEADMASTER RECEIVES AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD AND THE SCHOOL'S ATTORNEY RELATED TO HIS PERFORMANCE THROUGHOUT THE FISCAL YEAR. THE HEADMASTER HAS A THREE-YEAR WRITTEN EMPLOYMENT CONTRACT THAT OUTLINES POTENTIAL SALARY INCREASES. THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES WHETHER AN INCREASE IN COMPENSATION OF THE HEADMASTER IS APPROPRIATE BASED ON THE COMMITTEES REVIEW. PEER BENCHMARK COMPENSATION DATA WAS PULLED AND SENT TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR USE IN DETERMINING THE HEADMASTER'S COMPENSATION INCREASE. OTHER OFFICERS AND KEY EMPLOYEES RECEIVE ANNUAL REVIEWS BY THE HEADMASTER. THE BOARD APPROVES A BUDGET AND A SET AMOUNT OF OVERALL SALARY INCREASES EACH YEAR. THE HUMAN RESOURCES DIRECTOR PERFORMS A BENCHMARKING ANALYSIS FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. THE HUMAN RESOURCES DIRECTOR AND THE HEADMASTER DISCUSS WHETHER COMPENSATION ADJUSTMENTS ARE NECESSARY AND WARRANTED. THE HEADMASTER TYPICALLY INFORMS THE BOARD CHAIR AND/OR FINANCE COMMITTEE CHAIR WHEN HE RECOMMENDS COMPENSATION ADJUSTMENTS FOR THE OTHER OFFICERS AND KEY EMPLOYEES. PART IV, 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. PART XI, LINE 9 POST-RETIREMENT BENEFIT ADJUSTMENT $ 247,774 BAD DEBT EXPENSE (181,192) ------------ $ 66,582 PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS THE AUDITED FINANCIAL STATEMENT BY THE INDEPENDENT AUDITORS.