2019-05-15T10:38:37-05:00 2018-06-30 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2017-07-01 221487293 The Peck School % ANDREW SCHNEIDER PECK 9735398660 247 South Street Morristown NJ 07960 ANDREW SCHNEIDER DIR OF FINANCE & OPS 9735398660 2019-05-15 true MICHAEL SOMER P00094591 7322437000 2019-05-15 64.238.150.4 20870020191355000009 2019-05-15 P 59644ADEE67D9146A0AFE4941C01EA07CEB282B5 49F7569301958E9F33B446727B4FD0EA5357947F 2017 2019-02-21 02:37:17Z ANDREW DELINSKY 247 south street morristown NJ 07960 22978823 false X WWW.PECKSCHOOL.ORG X 1893 NJ WE BELIEVE THAT, IN LIFE, KNOWLEDGE MUST BE GUIDED BY VALUES. PLEASE REFER TO SCHEDULE O FOR THE PECK SCHOOL'S ENTIRE MISSION STATEMENT. 26 25 105 0 0 5316896 5630184 11418547 11985740 766842 1137943 425671 365467 17927956 19119334 553818 569038 0 0 8580703 9041873 0 0 1303355 4086425 5852045 13220946 15462956 4707010 3656378 44289455 49923257 2026516 4243186 42262939 45680071 X WE BELIEVE THAT, IN LIFE, KNOWLEDGE MUST BE GUIDED BY VALUES. THROUGH A COMMITMENT TO CHARACTER FORMATION AND A RIGOROUS AND INSPIRATIONAL ACADEMIC PROGRAM, THE PECK SCHOOL STRIVES TO BUILD IN EACH STUDENT THE CAPACITY FOR DISCIPLINED LEARNING AND CONSIDERATION OF OTHERS. WITH DEDICATED FACULTY AND FAMILIES, WE PREPARE ELEMENTARY STUDENTS TO SUCCEED IN SECONDARY SCHOOL AND TO LEAD HEALTHY, PRODUCTIVE, AND PRINCIPLED LIVES. false false 11126148 569038 12128414 THE PECK SCHOOL, FOUNDED IN 1893, IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL PROVIDING EXCELLENT ELEMENTARY EDUCATION TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADES. 11126148 true true false false false false false false false true true true false true false true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false true 27 0 true 105 true false false false false false false false false false false X 26 25 false false false false true false false true true false false true true true true true true true true false NJ X ANDREW SCHNEIDER 9735398660 247 SOUTH STREET morristown NJ 07960 X Edward James Foley PRESIDENT 2.0 0.0 X X 0 0 0 Daniel Honeker VICE PRESIDENT 2.0 0.0 X X 0 0 0 Janet S Pearce vice president 2.0 0.0 X X 0 0 0 THOMAS J Pryma treasurer 2.0 0.0 X X 0 0 0 Holly P Brown secretary 2.0 0.0 X X 0 0 0 Andrew Delinsky HEAD OF SCHOOL 40.0 0.0 X X 333646 0 128110 Carter Marsh Abbott TRUSTEE 1.0 0.0 X 0 0 0 Mark C Bush TRUSTEE 1.0 0.0 X 0 0 0 Brian D Crosby TRUSTEE 1.0 0.0 X 0 0 0 Mahmoud Elassir TRUSTEE 1.0 0.0 X 0 0 0 David Hepp trustee 1.0 0.0 X 0 0 0 Carrie Kurtzman TRUSTEE 1.0 0.0 X 0 0 0 Marc M Manahan trustee 1.0 0.0 X 0 0 0 JeanAnn Morgan-Liftin TRUSTEE 1.0 0.0 X 0 0 0 Souren G Ouzounian TRUSTEE 1.0 0.0 X 0 0 0 Jai G Parekh trustee 1.0 0.0 X 0 0 0 G Michael Pendy TRUSTEE 1.0 0.0 X 0 0 0 Patrick C Ramsey TRUSTEE 1.0 0.0 X 0 0 0 Elliston Hensler Siedem trustee 1.0 0.0 X 0 0 0 Subhadra Shah trustee 1.0 0.0 X 0 0 0 Charles Sorrentino trustee 1.0 0.0 X 0 0 0 Casey Wells trustee 1.0 0.0 X 0 0 0 David Welsh trustee 1.0 0.0 X 0 0 0 CHRISTINA MELCHIONNI TRUSTEE 1.0 0.0 X 0 0 0 KEENEH M COMIZIO TRUSTEE 1.0 0.0 X 0 0 0 JOHN S DUBEL TRUSTEE 1.0 0.0 X 0 0 0 JOAN MYERS DIRECTOR OF ADVANCEMENT 40.0 0.0 X 181513 0 40683 Andrew schneider DIRECTOR OF FINANCE & OPER. 40.0 0.0 X 156151 0 34827 NINA SHARMA HEAD OF LOWER SCHOOL 40.0 0.0 X 134941 0 17410 Rod Januzzi DIRECTOR OF FACILITIES 40.0 0.0 X 123225 0 25776 james CROSS faculty 40.0 0.0 X 120865 0 41916 1050341 0 288722 13 false true false SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 313945 CR CLEANING 403 WHITON ROAD BRANCHBURG NJ 08853 JANITORIAL SERVICES 125256 2 X 30533 5599651 309860 5630184 TUITION 611710 11568677 11568677 AUXILIARY PROGRAMS 611710 417063 417063 11985740 465939 465939 0 0 0 0 0 4448829 3734245 42580 714584 -42580 672004 672004 294756 30533 82664 212092 212092 10375 0 10375 10375 326 0 326 326 OTHER INCOME 900099 142674 142674 142674 19119334 12128414 1360736 0 569038 569038 0 0 461756 461756 0 6458806 4842881 1256774 359151 573225 349549 222647 1029 1063410 947837 95999 19574 484676 354209 104502 25965 0 14129 14129 54586 54586 0 0 142249 134010 8239 0 92113 5049 29771 57293 432970 246058 26724 160188 142197 135045 6471 681 0 0 74826 62573 12253 0 87981 58014 29967 0 0 2550081 2295073 178506 76502 86867 86867 FACILITIES 760777 684700 53254 22823 FOOD SERVICE 385109 346626 26938 11545 GENERAL ADMINISTRATION EXPENS 377336 14084 227710 135542 CONSULTING SERVICES 420285 420285 230539 215412 10589 4538 15462956 11126148 3033453 1303355 X 427448 3108393 3879305 1256060 2689728 3610152 107348 75635 0 0 0 0 0 0 0 0 258753 244066 33732684 13522411 19286459 20210273 14667836 15313674 2078795 2286278 0 0 0 0 893783 3818726 44289455 49923257 1290695 2720471 0 0 735821 753912 0 768803 0 0 0 0 0 0 0 0 0 0 2026516 4243186 X 36289698 38901746 5332099 6137183 641142 641142 42262939 45680071 44289455 49923257 X 3656378 77739 -316985 X X false true X true false X 11863388 749355 122722 331838 12158183 11264402 1026503 113059 314458 11863388 11800710 -161700 101810 272798 11264402 11766351 0 420763 97572 288832 11800710 10601666 16500 1539295 85178 305932 11766351 0.71000 0.05000 0.24000 false false 52096 52096 31393660 12511699 18881961 1859307 885397 973910 427620 125314 302306 20210273 DEFERRED COMPENSATION 218624 CONSTRUCTION IN PROGRESS 3600102 3818726 0 0 X 17494255 17494255 131037 1494042 1625079 19119334 14762881 14762881 131037 569038 700075 15462956 PART V, LINE 4: THE PRIMARY PURPOSE OF THE PECK SCHOOL ENDOWMENT FUND IS TO PROVIDE THE SCHOOL WITH RECURRENT AND GROWING FINANCIAL SUPPORT TO BE USED TO SUPPORT THE OPERATIONS OF THE SCHOOL. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2018 AND 2017, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR JUNE 30, 2018 AND 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET REALIZED GAIN ON SALE OF INVESTMENTS 714,584 IMPAIRMENT LOSS ON BUILDING -42,580 FINANCIAL AID 569,038 net FUNDRAISING INCOME 212,092 FUNDRAISING CONTRIBUTION 30,533 GAMING INCOME 10,375 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 569,038 true true true true true true true false false false false false false false false true false true Part I, Line 3: THE PECK SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS ADVERTISING IN LOCAL NEWSPAPERS, BROCHURES, AND CATALOGS. Part I, Line 6a: THE PECK SCHOOL RECEIVES FUNDS FROM THE STATE DEPARTMENT OF EDUCATION FOR TEXTBOOKS, TECHNOLOGY, NURSING AND SECURITY SERVICES. MORRIS COUNTY, ON BEHALF OF THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION, PAYS DIRECTLY FOR THE TEXTBOOKS, TECHNOLOGY AND NURSING SERVICES. celebr. 125 yrs 325289 30533 294756 11180 35592 2400 33492 0 325289 30533 294756 11180 35592 2400 33492 82664 212092 441 DEVONSHIRE DRIVE FRANKLIN LAKES NJ 07417 true FINANCIAL AID AWARDS FOR TUITION 26 569038 FMV TUITION DISCOUNT SCH I, PART I, LINE 2 Financial aid grants are deducted directly by the School from the student's tuition. X X true true X X X X X false false false false false false false false false Andrew Delinsky HEAD OF SCHOOL 333646 56400 71710 461756 JOAN MYERS DIRECTOR OF ADVANCEMENT 181513 29481 11202 222196 17136 Andrew schneider DIRECTOR OF FINANCE & OPER. 156151 22435 12392 190978 NINA SHARMA HEAD OF LOWER SCHOOL 134941 15506 1904 152351 james CROSS faculty 120865 14598 27318 162781 PART I, LINE 1A THE HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT, IS REQUIRED TO RESIDE IN SCHOOL HOUSING. INCLUDED IN PART II, (B)(III), THE HEAD OF SCHOOL RECEIVED A TUITION BENEFIT WHICH WAS SUBJECT TO GROSS-UP. A Public Finance Authority 273866124 000000000 2017-06-15 6000000 Capital Projects false false false A 0 0 1079914 0 0 0 311111 0 0 768803 0 0 false false false true A false false false false 0 false false false true A false false false false true false 0 false 0 false true A Schedule K, Part I-A, Column (e) Amount reported on Schedule K, Part I-A, Column (E) is $6,000,000 which differs from the amount reported on Form 8038, Part III, Line 21(b) which is $18,000,000. The Peck School issued bonds series A, B, C consisting of $6,000,000 each (together $18,000,000). These bonds are "draw-down bonds". As such, the $6,000,000 reported on Part I-A, Column (e) is for Series 2017B to fund the cost of issuance of closing. X 17 309860 FMV false true false FORM 990, PART VI, SECTION A, LINE 6: THE PARENTS OR LEGAL GUARDIANS OF CHILDREN HOLDING ENROLLMENT CONTRACTS ARE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11: THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED WITH A COMPLETE COPY OF THE FORM 990 AND APPROVES THE FORM 990 FOR FILING. ALL OTHER MEMBERS OF THE CORPORATION'S BOARD OF TRUSTEES ARE PROVIDED WITH THE PUBLIC VERSION OF THE FORM 990 FOR THEIR REVIEW AND COMMENT PRIOR TO THE FILING OF THE FORM. THE FULL BOARD HAS THE OPPORTUNITY TO REVIEW THE COMPLETE RETURN UPON REQUEST. THE BOARD'S AUDIT COMMITTEE, ALONG WITH THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE AND OPERATIONS REVIEW IN DETAIL THE FORM 990 WITH THE PREPARER PRIOR TO THE FORM'S FINAL COMPLETION. FORM 990, PART VI, SECTION B, LINE 12C: OFFICERS AND TRUSTEES OF THE CORPORATION, ALONG WITH CERTAIN MEMBERS OF THE ADMINISTRATION ARE ANNUALLY PROVIDED COPIES OF THE CORPORATION'S CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE DISCLOSURE FORMS. THE FORMS ARE THEN SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD, THE AUDIT COMMITTEE, AND TO THE CORPORATION'S INDEPENDENT AUDITOR FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15: Process for Benchmarking Highly Compensated Employees ======================================================= Head of School: Compensation decisions are delegated by the Board of Trustees to the Compensation Committee which is comprised of the Board President, the Head of the Audit Committee and Board Treasurer. The Committee conducts an annual compensation review generally in April. To make certain the compensation offer is competitive in their market, the committee members avail themselves with NAISs national and regional compensation benchmark report. For performance reviews, the committee evaluates goal-setting and achievements as a pre-requisite for consideration of the coming years base salary. For other fringe benefits such as deferred compensation, tuition remission, and housing, the committee carefully considers other factors such as personal or family life. Other Highly Compensated Employees: Compensation for other highly compensated employees, the Head of School and the Director of Finance & Operations review comparison data from 50 national peer schools and 13 local schools, obtained from NAIS-DASL and interviews with local schools, to benchmark compensation. FORM 990, PART VI, SECTION C, LINE 19: THE GOVERNING DOCUMENTS OF THE PECK SCHOOL (INCLUDING THE CERTIFICATE OF INCORPORATION, FORM 1023 APPLICATION FOR FEDERAL TAX-EXEMPT STATUS, AND THE FEDERAL TAX-EXEMPT DETERMINATION LETTER), GOVERNANCE POLICIES (INCLUDING THE CONFLICT OF INTEREST POLICY), AS WELL AS FINANCIAL STATEMENTS (INCLUDING AUDITED FINANCIAL STATEMENTS AND PREVIOUSLY FILED FORM 990 ANNUAL INFORMATION RETURNS) ARE AVAILABLE FOR INSPECTION UPON REQUEST. COPIES ARE PROVIDED WITHIN 30 DAYS OF THE REQUEST. ALL DOCUMENTATION REQUESTS ARE DIRECTED TO THE BUSINESS MANAGER OF THE CORPORATION AT THE ADDRESS LISTED BELOW: ATTN: ANDREW SCHNEIDER, THE PECK SCHOOL 247 SOUTH STREET MORRISTOWN, NJ 07960 FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: NET DECREASE IN PARENTS ASSOCIATION: $-316,985 FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. FORM 990, PART I, LINE 1: WE BELIEVE THAT, IN LIFE, KNOWLEDGE MUST BE GUIDED BY VALUES. THROUGH A COMMITMENT TO CHARACTER FORMATION AND A RIGOROUS AND INSPIRATIONAL ACADEMIC PROGRAM, THE PECK SCHOOL STRIVES TO BUILD IN EACH STUDENT THE capacity for disciplined learning and consideration of others. With dedicated faculty and families, we prepare elementary students to succeed in secondary school and to lead healthy, productive and principled lives.