2018-05-14T09:38:28-05:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 210634503 The Lawrenceville School LAWR 6098952138 po box 6126 LAWRENCEVILLE NJ 08648 CHRISTINA L GOODRICH DIRECTOR OF FINANCE 6098952138 2018-05-08 1 JOHN TOSCANO P00358542 9592007000 2018-05-04 2016 2022-09-23 18:48:47Z stephen s murray po box 6126 LAWRENCEVILLE NJ 08648 313331293 0 X WWW.LAWRENCEVILLE.ORG X 1810 NJ the Lawrenceville school seeks to inspire and educate young people of special promise, from diverse backgrounds, for responsible leadership, personal fulfilment, and enthusiastic participation in an increasingly complex world with high standards of character and scholarship. we teach young people the value of honest work, respect for differences, and responsibility for the well-being of their community. 28 27 649 804 2253177 0 25404164 130878999 46679071 49504732 6093194 4311144 2236864 2164248 80413293 186859123 11219040 11899331 0 0 36276942 38570075 75352 66242 4488237 29794752 31455000 77366086 81990648 3047207 104868475 596409383 742149644 86361370 82558346 510048013 659591298 X Through House and Harkness, Lawrenceville challenges a diverse community of promising young people to lead lives of learning, integrity, and high purpose.Our mission is to inspire the best in each to seek the best for all. 0 0 62485406 11899331 49710169 Student Services: Recognizing the benefits of a more active, collaborative kind of learning, in the summer of 1936 educational philanthropist Edward S. Harkness helped Lawrenceville to reconfigure the School's classrooms around conference tables that replaced lecture and memorization with shared discovery.Since then, whatever tools and methods Lawrenceville has adoptedfrom science labs to language labs, from discussion boards to SmartBoardshave been aimed at getting students to learn and think for themselves, then to subject preliminary understandings to critical review. Lawrenceville's educational focus, then, is not on teaching what to know but on learning how to think. And the key to success is every Lawrentian's commitment to approaching the work of school with an entrepreneurial spirit. An assignment or class isn't just something to get through; it is something to get into, an opportunity to make things happen. How? Take an interest. Take responsibility. Take part.A hallmark of a Lawrenceville education is the close faculty-student interactions and deep intellectual engagement. Lawrenceville faculty members are expert in their disciplines and translate that expertise into rich learning experiences for their students. They work closely with students to help them discover and develop their intellectual passions and think critically and creatively about the world around them and about the challenges and opportunities before them.Academic advisorsfaculty members associated with or living in the Houseshelp students choose their course load. These consultations focus on the overall degree of difficulty of the schedule, concerns about adjusting to the rigors of the School's curriculum, and commitments to athletic or extracurricular activities. In addition to traditional academic courses, Lawrenceville students are required to meet other important educational obligations, including community service, humanities, and personal development seminars. 62485406 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 1 175 0 1 649 1 1 1 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CO KY MA MD MI MO NH NY OH OK OR SC WA X CHRISTINA L GOODRICH 6098952138 PO BOX 6126 LAWRENCEVILLE NJ 08648 ALLEN Sandra C Trustee 2.00 X 0 0 0 BROWN Celeste Mellet Trustee 2.00 X 0 0 0 BROWN Whitney Hailand Trustee 2.00 X 0 0 0 BUNN Arthur H Trustee 2.00 X 0 0 0 CARTER Thomas L Jr President 2.00 X X 0 0 0 CHAE Michael S Trustee 2.00 X 0 0 0 CORRENTE Judith-Ann Trustee 2.00 X 0 0 0 DISHNER Jeffrey G Trustee 2.00 X 0 0 0 DOLL Leslie Trustee 2.00 X 0 0 0 FITZGERALD Darrell A Vice-President 2.00 X X 0 0 0 FRUMKIN Joseph B Trustee 2.00 X 0 0 0 GETZ Bert A Jr Trustee 2.00 X 0 0 0 HOWELL Lawrence D II Trustee 2.00 X 0 0 0 KIRBY Jefferson W Outgoing Trustee 2.00 X 0 0 0 KWON Joon Mo Trustee 2.00 X 0 0 0 LOCKWOOD Leigh Trustee 2.00 X 0 0 0 LUCAS Craig M Trustee 2.00 X 0 0 0 MABRY Marcus B Trustee 2.00 X 0 0 0 MARIO Jeremy K Trustee 2.00 X 0 0 0 McMAHON Kathleen W Trustee 2.00 X 0 0 0 MURRAY Stephen S Headmaster 40.00 X X 520782 0 257811 ROSNER Robert L Trustee 2.00 X 0 0 0 TAPIERO Daniel M Trustee 2.00 X 0 0 0 TSAI Joseph C Trustee 2.00 X 0 0 0 VISWANATHAN Meera S PHD Trustee 2.00 X 0 0 0 VORIS Alexandra Buckley Trustee 2.00 X 0 0 0 WALDRON John E Trustee 2.00 X 0 0 0 WEISS Jonathan G Trustee 2.00 X 0 0 0 WOJCIECHOWICZ Michael T trustee 2.00 X 0 0 0 BrooksWesley Secretary & Treasurer, Chief Financial Officer 40.00 X 252785 0 148068 Goodrich Christina Assistant Treasurer, Director of Finance 40.00 X 136157 0 28984 Barnes Mary Kate Director of Advancement 40.00 X 236895 0 135322 Gore Jr John Director of Alumni Development 40.00 X 154214 0 46651 Johansen Erin Director of Capital Programs 40.00 X 180445 0 25926 Kraut Bruce Medical Director 40.00 X 170470 0 163276 Muntz Jerry Director of Planned Giving 40.00 X 157787 0 31703 Sheppard Thomas Dean of Enrollment Management 40.00 X 151893 0 62482 1961428 0 900223 25 0 1 0 VJ Scozzari & Sons Inc PO Box 958 Pennington NJ 08534 Construction 6240356 Sustainable Fare PO Box 543 Island Hights NJ 08732 Food Service 3607944 John Kochis Landscaping 7 Cherokee Drive Pennington NJ 08534 Construction 1779051 E Allen Reeves Inc 1145 Old York Rd PO Box 289 Abington PA 19001 Construction 916002 Cambridge Associates 100 Summer St Boston MA 02110 Investment Management 904978 43 130878999 1715294 130878999 Tuition and Fees 611600 48377203 48377203 Auxiliary Programs 713940 1127529 1127529 49504732 2290954 784166 1506788 132011 4943 127068 127068 127068 128237031 125833360 383481 2403671 -383481 2020190 23224 1996966 455823 250386 205437 205437 summer camp 713940 1099693 1099693 other revenue 611710 388906 2950 385956 ice rink 713940 308029 308029 35115 35115 1831743 186859123 49710169 2253177 4016778 102500 102500 11796831 11796831 1461388 33713 905851 521824 24777138 17339757 5472329 1965052 2387377 2082586 45381 259410 8094948 6426725 1186184 482039 1849224 1282072 392915 174237 244046 241412 2634 126055 126055 66242 66242 1985176 1985176 1941703 1283943 636411 21349 125014 31476 93538 2352028 1780273 448664 123091 1103528 49697 993853 59978 2410962 2208441 176000 26521 1832239 1082673 524899 224667 134916 85857 17437 31622 2515018 2303757 183596 27665 7780109 7126580 567948 85581 416705 381702 30419 4584 Construction 2805628 2569955 204811 30862 Food Services 2174051 2174051 Equipment 798448 467072 222662 108714 Auxiliary 655516 655516 2053858 1251705 623526 178627 81990648 62485406 15017005 4488237 35202681 97522699 27375481 9268766 23436966 69485821 1402885 1928617 624244 595351 4785692 4968674 107588 82246 1140806 981521 295894721 146253228 146549841 149641493 137909031 142050236 207206305 253734016 10667863 11890204 596409383 742149644 6371567 7873753 5896051 7595195 50657843 48937135 1724643 1619513 21711266 16532750 86361370 82558346 X 162593870 185018259 148068679 236160846 199385464 238412193 510048013 659591298 596409383 742149644 X 104868475 38612272 6062538 X X 0 1 X 1 0 X 19879267 24954240 35460115 25404164 130878999 236576785 19879267 24954240 35460115 25404164 130878999 236576785 135145444 101431341 4028427 2517136 2898573 2309453 1581848 13335437 649136 1474670 1619079 1592166 2310128 7645179 538228 368651 369065 403640 385956 2065540 259622941 227086520 0.39070 0.63360 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2012 Amount: $ 538,228. 2013 Amount: $ 368,651. 2014 Amount: $ 369,065. 2015 Amount: $ 403,640. 2016 Amount: $ 385,956. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 375823827 42275187 40796951 6527576 11015240 441353149 404436613 9308797 -14657793 6354187 16909603 375823827 383790066 24867961 11664899 5735835 10150478 404436613 341817643 9541546 47348809 5381778 9536154 383790066 324382432 6865846 29254073 4818022 13866686 341817643 0.24000 0.53000 0.23000 0 0 9929702 9929702 244222770 131283120 112939650 41742249 14970108 26772141 149641493 hedge Funds 107388792 F limited partnerships 73495763 F global ex u.s. equity 72849461 F 253734016 Liability under split-interest agreements 2235679 Interest rate swaps 13330955 Asset retirement obligation 966116 16532750 X 216898456 38612272 -6843092 31769180 185129276 1985176 -255329 1729847 186859123 67355171 255329 255329 67099842 1985176 12905630 14890806 81990648 Part III, Line 1a: the focus of lawrenceville's collection is to integrate art into the lives of people, inspiring individual reflection, community dialogue, and historical and cultural awareness. we believe in the power of art to stimulate creative thinking, aesthetic appreciation and enjoyment. lawrenceville's collection of art is broken down into three categories: permanent collection (art that has been carefully reviewed and voted on by the fine arts advisory committee to be included in this category); funishings collection (art that is not included in the permanent collection, however it has a value as decorative art or for teaching purposes); and lawrenceville collection (work by alumni, that may or may not be part of the permanent collection as well). through the care and safe display of our collection and 3 to 4 rotating exhibitions, we hope to integrate art into the lives of people, inspiring individual reflection, community dialogue, and historical and cultural awareness. the exhibitions and programs of the galleries, which include an additional 3 to 4 exhibits of work not part of the school's collections, are intended to inspire and challenge the school while offering a resource for teaching in all disciplines. Part V, Line 4: The School's endowment consists of 552 funds as of June 30, 2017 that have been established by donors and the School to support financial aid, faculty compensation, building maintenance and other general operations. Part X, Line 2: The School accounts for income tax provisions included in ASC 740, which prescribes detailed guidance for financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Tax positions must meet a more-likely-than-not recognition threshold to be recognized. The School monitors and assesses its tax positions throughout the year and believes there are no uncertain tax positions at June 30, 2017. Part XI, Line 2d - Other Adjustments: financial assistance -12,905,630. net appreciation in fair value of interest rate swaps 5,431,743. change in value of split interest agreements 630,795. Part XI, Line 4b - Other Adjustments: cost of Goods Sold -250,386. rental expenses -4,943. Part XII, Line 2d - Other Adjustments: cost of Goods sold 250,386. rental expenses 4,943. Part XII, Line 4b - Other Adjustments: financial assistance 12,905,630. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 DESCRIPTION OF PUBLICIZED RACIALLY NONDISCRIMINATORY POLICY: A STATEMENT OF LAWRENCEVILLE'S NONDISCRIMINATORY POLICY IS INCLUDED IN ALL BROCHURES AND CATALOGS THAT PERTAIN TO STUDENT ADMISSIONS, PROGRAMS, and SCHOLARSHIPS. WE ALSO PUBLISH AN ANNUAL PRINT ADVERTISEMENT THROUGH NJAIS Sub-Saharan Africa 0 0 program services educational programs 67648 Central America and the Caribbean 0 0 program services educational programs 184518 East Asia and the Pacific 0 0 program services and fundraising educational programs 86870 Europe (Including Iceland & Greenland) 0 0 program services educational programs 106953 Russia and Neighboring States 0 0 program services educational programs 18461 South America 0 0 program services educational programs 43528 Central America and the Caribbean 0 0 investments 130943523 Europe (Including Iceland & Greenland) 0 0 investments 3183458 0 0 0 0 0 0 134634959 0 134634959 1 0 0 1 1 0 Part I, Line 2: THE LAWRENCEVILLE SCHOOL IS DEDICATED TO ENSURING THAT EVERY STUDENT HAS A MEANINGFUL AND AUTHENTIC EXPERIENCE ABROAD WHICH IS TIED TO OUR CURRICULUM, SERVICE PROGRAMS OR OTHER CO-CURRICULAR INITIATIVES. INHERENT IN SUCH A PROGRAM IS A DESIRE TO HELP MAKE OUR STUDENTS MORE AWARE OF GLOBAL ISSUES AND DIFFERENT CULTURES, AS WELL AS STRESS THE IMPORTANCE OF ESTABLISHING PERSONAL CONNECTIONS TO OTHERS AROUND THE WORLD. THE ULTIMATE GOAL OF THE INTERNATIONAL PROGRAM IS TO HELP CREATE MORE RESPONSIBLE, GLOBAL CITIZENS THROUGH A CREATIVE AND HOLISTIC APPROACH TO LEARNING. FOR EXAMPLE, THE LAWRENCEVILLE SCHOOL'S INTERNATIONAL PROGRAMS INCLUDE LANGUAGE PROGRAMS. THE LANGUAGE DEPARTMENT BELIEVES THAT A CITIZEN HAS THE RESPONSIBILITY TO UNDERSTAND A LANGUAGE OTHER THAN HIS OR HER NATIVE TONGUE. ADDITIONALLY, IT IS VITAL IN OUR WORLD TODAY TO LEARN ABOUT OTHER CULTURES. THE TWO GO HAND-IN-HAND, OF COURSE, AND THAT IS WHY WE ARE COMMITTED TO OFFERING LANGUAGE DEPARTMENT PROGRAMS ABROAD TO OUR STUDENTS. AFTER TWO YEARS OF LANGUAGE STUDY, STUDENTS MAY APPLY TO SPEND A NUMBER OF WEEKS LIVING IN ONE OF FOUR COUNTRIES: FRANCE, MEXICO, JAPAN OR CHINA. STUDENTS TAKE COURSES AT A LAWRENCEVILLE AFFILIATED INSTITUTION, AND A LAWRENCEVILLE FACULTY MEMBER DIRECTS THE PROGRAM AND TEACHES COURSES ALONG WITH LOCAL PROFESSORS AND MASTERS. STUDENTS LIVE WITH HOST FAMILIES, PARTICIPATE IN LOCAL ACTIVITIES, AND TRAVEL FOR A PERIOD OF TIME IN THE HOST COUNTRY. Part I, line 3: Expenditures are accounted for using the accrual method, the same method of accounting used by the School to account for its expenditures in its financial statements. PART I, LINE 3 (d) INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO. X X X X X X 1 Carol O'Brien Associates 3211 Shannon Road Suite 100 Durham NC 27707 Campaign Consulting 0 0 61314 0 61314 AL AK AZ CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 Lawrence Township Policemen's Benevolent Association PO Box 6432 Lawrenceville NJ 08648 500 Grants Lawrence Township Community Fnda 2016-2017 PO Box 6707 Princeton NJ 085437648 223835387 501 (c)(3) 10000 Grants CENTRAL PARK DONATION-LAWRENCE TWP 2207 Lawrence Rd PO Box 6006 Lawrence Township NJ 08648 100000 Grants 1 2 student scholarships 236 11796831 fmv scholarship Part I, Line 2: THE LAWRENCEVILLE SCHOOL USES SCHOOL AND STUDENT SERVICES (SSS) TO PROCESS FINANCIAL AID APPLICATIONS. SSS IS A SERVICE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. PARENTS OF STUDENTS COMPLETE THE PARENTS' FINANCIAL STATEMENT (PFS) FORM AND SUBMIT IT TO SSS ALONG WITH THE REQUIRED COPIES OF TAX RETURNS AND PROOF OF INCOME. sss PREPARES A NEED ANALYSIS REPORT WHICH SUGGESTS THE AMOUNT FAMILIES CAN CONTRIBUTE TOWARD EDUCATIONAL COSTS SINCE NOT ALL FAMILIES' FINANCIAL SITUATIONS ARE EQUAL, THE LAWRENCEVILLE SCHOOL FINANCIAL AID OFFICE USES the sss. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MURRAY Stephen S Headmaster 404489 0 107500 0 8793 0 108125 0 149686 0 778593 0 0 0 BrooksWesley Secretary & Treasurer, Chief Financi 252285 0 0 0 500 0 31536 0 116532 0 400853 0 0 0 Goodrich Christina Assistant Treasurer, Director of Fin 136157 0 0 0 0 0 17260 0 11724 0 165141 0 0 0 Barnes Mary Kate Director of Advancement 236895 0 0 0 0 0 29612 0 105710 0 372217 0 0 0 Gore Jr John Director of Alumni Development 144112 0 0 0 10102 0 19896 0 26755 0 200865 0 0 0 Johansen Erin Director of Capital Programs 180445 0 0 0 0 0 22646 0 3280 0 206371 0 0 0 Kraut Bruce Medical Director 170470 0 0 0 0 0 23293 0 139983 0 333746 0 0 0 Muntz Jerry Director of Planned Giving 157787 0 0 0 0 0 19896 0 11807 0 189490 0 0 0 Sheppard Thomas Dean of Enrollment Management 151893 0 0 0 0 0 20425 0 42057 0 214375 0 0 0 Part I, Line 1b Housing on the school campus is provided to certain employees, as required by the terms of their employment for the convenience of the school, and is treated as non-taxable under section 119 of the internal revenue code. The headmaster's house serves not only as a residence, but also as a host location for many school events. Social club does paid by the director of alumni development and the director of advancement are reimbursed by the school to the extent that they are used 100% for school business and are included in compensation as a non-taxable benefit. Part I, Line 4b the headmaster participates in a section 457(f) non-qualified deferred compensation plan, which was effective July 1, 2016. the plan includes a provision whereby the school will credit a deferred compensation amount each plan year to the plan on behalf of the headmaster as scheduled in the agreement, or in an amount otherwise determined by the board of trustees in its sole discretion. The amount credited for the tax year was $75,000. The headmaster will become 100% vested on June 30, 2019, provided there is no separation from service from the school, as defined in the agreement, and remains in the position of headmaster until such date. Part I, Line 7 included in part ii, column b(ii) are amounts representing a fixed fee bonus that is included in the individual's 2016 W2. These amounts were approved by the board and are included in the Headmaster's written employment agreement. A new jersey economic development authority 222045817 64577hph8 2004-11-01 16039245 refunding of outstanding 1996 bond 1 0 0 A 14445000 16039245 15798441 240804 0 1 1 1 A 1 0 0 0 0 1 Schedule K Part V THE SCHOOL HAS NO NEW BOND ISSUANCE mary kate Barnes Director of Advancement Mortgage X 200000 109535 0 1 1 wesley brooks Chief Financial Officer Mortgage X 300000 277153 0 1 1 christina goodrich Director of Finance Mortgage X 300000 208663 0 1 1 595351 Blackstone Minerals - Thomas Carter Jr TRUSTEE IS A PARTNER 4306135 SEE PART V BELOW 0 SCHEDULE L, PART IV THE LAWRENCEVILLE SCHOOL HOLDS A $4.3 MILLION INVESTMENT IN BLACKSTONE MINERALS COMPANY AS PART OF THE SCHOOL'S ENDOWMENT PORTFOLIO. THOMAS L CARTER, JR IS A TRUSTEE OF THE LAWRENCEVILLE SCHOOL, AND IS THE CEO AND OWNS MORE THAN 10% OF BLACKSTONE MINERALS COMPANY. HOWEVER, THE SCHOOL'S INVESMENT COMMITTEE DIRECTS THE SCHOOL'S INVESTMENTS AND MR. CARTER IS NOT A MEMBER OF THE INVESTMENT COMMITTEE AND DOES NOT PARTICIPATE IN ANY OF THE SCHOOL'S INVESTMENT DECISIONS. X 35 1704441 fmv X other 3 10853 fmv 0 1 0 Part I, Column (b): amounts in column b represent the number of contributors Form 990, Part VI, Section B, line 11b FORM 990 IS PREPARED BY THE SCHOOL'S INDEPENDENT ACCOUNTING FIRM BASED UPON INFORMATION PROVIDED BY THE SCHOOL. THE DRAFT FORM 990 IS THEN REVIEWED BY THE SCHOOL'S FINANCE DEPARTMENT AND ANY RESULTING CHANGES ARE MADE TO THE DRAFT RETURN. THE DRAFT RETURN IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, WHICH HAS BEEN DELEGATED RESPONSIBILITY BY THE FULL BOARD FOR REVIEW OF THE RETURN. THE AUDIT COMMITTEE THEN REPORTS TO THE FULL BOARD AND A COPY OF THE FINAL FORM 990 IS PROVIDED TO EACH VOTING MEMBER OF THE SCHOOL'S GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE Form 990, Part VI, Section B, line 12c THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSIONS OR DECISIONS ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS, AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE SCHOOL DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. Form 990, Part VI, Section B, line 15 THE LAWRENCEVILLE SCHOOL CONDUCTS AN ANNUAL REVIEW TO DETERMINE THE GOING FAIR MARKET COMPENSATION RANGES FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, BY REFERENCE TO COMPENSATION SURVEYS AND OTHER ORGANIZATIONS' FORM 990. THIS IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. Form 990, Part VI, Section C, line 19 THE ORGANIZATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST Form 990, Part XI, line 9: net appreciation in fair value of interest rate swaps 5,431,743. change in value of split interest agreements 630,795. Form 990, Part XII, Line 2c: the school has not changed its oversight process or selection process during the tax year.