2019-05-14T09:37:58-05:00 2018-06-30 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2017-07-01 210639868 The Hun School of Princeton % STEFANIE CONNELL HUNS 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 STEFANIE CONNELL CFO 6099217600 2019-05-09 true RICHARD L RUVELSON P00234075 7328423113 2019-05-13 209.190.253.84 22006220191345000080 2019-05-14 P 9751BF644BFBD5F9C605379BF4EDEFD47391394C 26923E6707FB4A42B62755E4784A3B0C6DC5F428 2017 2019-02-21 02:37:17Z STEFANIE CONNELL 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 51334037 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 26 26 306 120 0 24109 2326886 11532232 30212475 30894296 1227787 1523979 311147 401664 34078295 44352171 4782095 4884235 0 0 16649918 17334293 0 0 2504056 10972492 12009066 32404505 34227594 1673790 10124577 65497002 76618616 31767020 32303762 33729982 44314854 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 27942570 4884235 30992165 PROVIDED COLLEGE PREPARATORY SECONDARY EDUCATION FOR GRADES SIX THROUGH TWELVE FOR 645 STUDENTS. IN ADDITION, PROVIDED A 5-WEEK SUMMER SCHOOL PROGRAM, WITH FOR-CREDIT AND ENRICHMENT COURSES, FOR OVER 600 STUDENTS. 27942570 true true false false false false false false false true true false false false true 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 129 1 true 306 true false false false false false true true false false false false X 26 26 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 HUGH HURLEY PRESIDENT/BOARD MEMBER 1.0 0.0 X X 0 0 0 PETER E BLACK 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 STEPHEN T WILLS 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 MARIANNE DEANE BOARD MEMBER 1.0 0.0 X 0 0 0 JOHNNY TY FUNG BOARD MEBMER 1.0 0.0 X 0 0 0 THOMAS HORWICH BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC HUTCHERSON BOARD MEMBER 1.0 0.0 X 0 0 0 SANJAY KANNAMBADI BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT KUCHAR BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT LANDIS BOARD MEMBER 1.0 0.0 X 0 0 0 ALFRED W LEACH II 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 SUSAN MCGLORY MICHEL 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 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 ORIN S WILF BOARD MEMBER 1.0 0.0 X 0 0 0 JONATHAN G BROUGHAM VICE PRESIDENT/HEADMASTER 40.0 0.0 X 372773 0 63303 STEFANIE CONNELL CFO 40.0 0.0 X 176618 0 73227 RICHARD GOLDMAN ESQ COUNSEL 1.0 0.0 X 0 0 0 ANDREW C HAMLIN ASST SECRETARY/ASST HEADMASTER 40.0 0.0 X 201475 0 19285 RYAN K HEWS HEAD OF UPPER SCHOOL 40.0 0.0 X 162251 0 19804 STEVEN C BRISTOL ASSISTANT HEADMASTER 40.0 0.0 X 160543 0 111018 JONATHAN STONE DIRECTOR OF RESIDENT LIFE 40.0 0.0 X 142304 0 30937 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 40.0 0.0 X 142244 0 71520 J MICHAEL CHAYKOWSKY DIRECTOR OF FACILITIES 40.0 0.0 X 140176 0 14289 1498384 0 403383 12 false true false SAGE DINING SERVICES 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 FOOD SERVICE 1902494 SCOZZARI BUILDERS INCORPORATED 1891 NORTH OLDEN AVENUE TRENTON NJ 08638 CONSTRUCTION 1625848 THE BRICKMAN GROUP LTD LLC 3630 SOLUTIONS CENTER CHICAGO IL 606773006 LANDSCAPING 355343 NETWORKING MATTERS INC 415 ST MARY ST 3C BURLINGTON NJ 08016 CONSULTING 293361 GRAHAM-PELTON CONSULTING INC 1101 PENNSYLVANIA AVE NW WASHINGTON DC 20004 CONSULTING 201251 5 47676 11484556 3164132 11532232 TUITION AND FEES 611600 29468937 29468937 STUDENT FEES 611600 104610 104610 SUMMER TUITION 611600 882385 882385 OPTIONAL PROGRAMS 611600 438364 438364 30894296 514973 514973 0 0 459672 158032 301640 0 301640 301640 7405155 6396149 1009006 1009006 1009006 87984 47676 90234 -2250 -2250 2340 1170 1170 1170 339516 336281 3235 3235 OTHER REVENUE 900099 97869 97869 97869 44352171 30992165 1827774 0 4884235 4884235 0 0 889154 175331 357541 356282 0 12575698 10519630 1316677 739391 832660 666128 99087 67445 2072929 1658343 246679 167907 963852 771082 114698 78072 0 79283 63426 9435 6422 66703 66703 0 0 205621 205621 3265449 2726771 159454 379224 94828 18006 76822 1960917 1719900 107504 133513 141239 113067 16762 11410 0 840634 685661 92209 62764 239128 204668 7941 26519 0 106676 89961 3025 13690 638798 511038 76017 51743 0 2522611 2018089 300191 204331 238719 23583 215136 SPECIAL PROGRAMS 944727 703556 59933 181238 REPAIRS & MAINTENANCE 313981 257418 33655 22908 BAD DEBT 214119 214119 RECRUITMENT 87707 84751 1759 1197 47926 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-378926 44352171 29722285 584547 584547 29137738 205621 4884235 5089856 34227594 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, 2018, 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 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, 2018 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, 2018, the School had no unrecognized tax benefits. PART XI, LINE 2D FINANCIAL AID - $(4,884,235) PART XI, LINE 4B COST OF GOODS SOLD - $ (336,281) RENTAL EXPENSE - (158,032) FUNDRAISING EXPENSES - (90,234) ----------- TOTAL $ (584,547) PART XII, LINE 2D COST OF GOODS SOLD - $ 336,281 RENTAL EXPENSE - 158,032 FUNDRAISING EXPENSES - 90,234 ---------- TOTAL $ 584,547 PART XII, LINE 4B FINANCIAL AID - $ 4,884,235 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. GALA 100030 35343 64687 40399 4428 6480 GOLF & TENNIS 35630 12333 23297 15260 17566 4190 1911 0 135660 47676 87984 15260 57965 8618 8391 90234 -2250 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 true FINANCIAL AID AND TUITION REMISSION 185 4821646 FMV FINANCIAL AID/REMISS DISCOUNTS 201 62589 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 312773 0 60000 0 0 38356 0 24947 0 436076 0 0 0 STEFANIE CONNELL CFO 176618 0 0 0 0 0 13472 0 59755 0 249845 0 0 0 ANDREW C HAMLIN ASST SECRETARY/ASST HEADMASTER 201475 0 0 0 0 0 15144 0 4141 0 220760 0 0 0 RYAN K HEWS HEAD OF UPPER SCHOOL 162251 0 0 0 0 0 11224 0 8580 0 182055 0 0 0 STEVEN C BRISTOL ASSISTANT HEADMASTER 160543 0 0 0 0 0 12408 0 98610 0 271561 0 0 0 JONATHAN STONE DIRECTOR OF RESIDENT LIFE 142304 0 0 0 0 0 8642 0 22295 0 173241 0 0 0 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 142244 0 0 0 0 0 10886 0 60634 0 213764 0 0 0 J MICHAEL CHAYKOWSKY DIRECTOR OF FACILITIES 140176 0 0 0 0 0 5801 0 8488 0 154465 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 false 0 false false false false A false true false false false false 0 false 0 false false A false X 8 45777 FMV X 1 3100000 FMV X GALA MISCELLANEOUS AUCTION ITEMS 35 18355 FMV OF DONATED ITEM 1 true true false 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 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. FORM 990, 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. FORM 990, 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. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS THE AUDITED FINANCIAL STATEMENT BY THE INDEPENDENT AUDITORS.