2018-05-14T10:17:54-05:00 2017-06-30 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2016-07-01 210639868 The Hun School of Princeton % STEFANIE CONNELL HUNS 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 STEFANIE CONNELL CFO 6099217600 2018-05-14 true GLENN G BELLOMY CPA P00579162 7328423113 2018-05-14 2016 2022-09-23 18:48:47Z STEFANIE CONNELL 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 43941344 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 LEARNING. 28 28 296 110 0 1892599 2326886 28980579 30212475 532711 1227787 314351 311147 31720240 34078295 4543115 4782095 0 0 16101416 16649918 0 0 2005232 10507538 10972492 31152069 32404505 568171 1673790 59956135 65497002 28854457 31767020 31101678 33729982 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 28019551 4782095 30350098 EXPENSES INCURRED IN PROVIDING COLLEGE PREPARATORY SECONDARY EDUCATION FOR GRADES SIX THROUGH TWELVE FOR 645 STUDENTS. 28019551 true true false false false false false false false true true false false true true true true false true false false false false false true false false false true true true false false false false false false true false false false true false false false false false false false false true 143 0 true 296 true false false false false false true true false false false false X 28 28 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 PETER E BLACK VICE PRESIDENT/BOARD MEMBER 1.0 0.0 X X 0 0 0 EDWARD BREEN BOARD MEMBER 1.0 0.0 X 0 0 0 LESLIE FLORIO BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL GUADAGNO BOARD MEMBER 1.0 0.0 X 0 0 0 THOMAS HORWICH BOARD MEMBER 1.0 0.0 X 0 0 0 ALLAN LEVINE BOARD MEMBER 1.0 0.0 X 0 0 0 HUGH HURLEY PRESIDENT/BOARD MEMBER 1.0 0.0 X 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 GIOVANNI CAFORIO 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 HERMAN PENNER BOARD MEMBER 1.0 0.0 X 0 0 0 DANNER RIEBE BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT KUCHAR BOARD MEMBER 1.0 0.0 X 0 0 0 KENNETH B STODDARD BOARD MEMBER 1.0 0.0 X 0 0 0 BARRY SUSSMAN BOARD MEMBER 1.0 0.0 X 0 0 0 LEAH T RICCI SECRETARY/BOARD MEMBER 1.0 0.0 X X 0 0 0 ERIC P ROSENBLUM BOARD MEMBER 1.0 0.0 X 0 0 0 ORIN S WILF BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD F STRUP BOARD MEMBER 1.0 0.0 X 0 0 0 SUSAN MCGLORY MICHEL BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN TUGWELL BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN T WILLS TREASURER/BOARD MEMBER 1.0 0.0 X X 0 0 0 SUSAN WARD BOARD MEMBER 1.0 0.0 X 0 0 0 BRIAN C LOGUE BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL J RENNA BOARD MEMBER 1.0 0.0 X 0 0 0 MORDECHAI ROZANSKI BOARD MEMBER 1.0 0.0 X 0 0 0 JONATHAN G BROUGHAM VICE PRESIDENT/HEADMASTER 40.0 0.0 X 355480 0 50410 RICHARD GOLDMAN ESQ COUNSEL 1.0 0.0 X 0 0 0 ANDREW C HAMLIN ASST SECRETARY/ASST HEADMASTER 40.0 0.0 X 195407 0 18968 STEFANIE CONNELL CFO 40.0 0.0 X 156362 0 32458 KATHARIN KIEFER DEAN OF FACULTY 40.0 0.0 X 144250 0 32426 RYAN K HEWS HEAD OF UPPER SCHOOL 40.0 0.0 X 153137 0 19595 STEVEN C BRISTOL DIRECTOR OF ADMISSIONS 40.0 0.0 X 149029 0 32648 J MICHAEL CHAYKOWSKY DIRECTOR OF FACILITIES 40.0 0.0 X 133911 0 31245 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 40.0 0.0 X 132098 0 31319 1419674 0 249069 13 false true false SCOZZARI BUILDERS INCORPORATED 1891 NORTH OLDEN AVENUE TRENTON NJ 08638 CONSTRUCTION 2406596 SAGE DINING SERVICES 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 FOOD SERVICE 1955762 THE BRICKMAN GROUP LTD LLC 3630 SOLUTIONS CENTER CHICAGO IL 606773006 LANDSCAPING 354568 CLARKE CATON HINTZ PC 100 BARRACK STREET TRENTON NJ 08608 ARCHITECTURAL 217625 ALLAN INDUSTRIES 270 ROUTE 36 EAST SUITE E ROCKAWAY NJ 07866 JANITORIAL 194570 6 X 55958 2270928 134863 2326886 TUITION AND FEES 611600 28820427 28820427 STUDENT FEES 611600 172100 172100 SUMMER TUITION 611600 736442 736442 OPTIONAL PROGRAMS 611600 483506 483506 30212475 448695 448695 0 0 205012 67663 137349 0 137349 137349 10220991 9441899 779092 779092 779092 60731 55958 60731 0 0 0 0 0 328931 292756 36175 36175 OTHER REVENUE 900099 137623 137623 137623 34078295 30350098 1401311 0 4782095 4782095 0 0 837654 289717 300999 246938 0 12102629 11088672 315729 698228 807542 662184 88830 56528 1951698 1600392 214687 136619 950395 779324 104543 66528 0 24574 20151 2703 1720 60425 60425 0 0 174578 174578 3064437 2726741 130816 206880 92463 24518 67945 1771862 1586008 76974 108880 148008 125227 13922 8859 0 777257 651126 77068 49063 267094 230965 8703 27426 0 116088 105532 2407 8149 548456 449734 60330 38392 0 2208124 1810661 242894 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14298525 0.67210 0.32790 false false 653499 653499 49134288 20682101 28452187 6764481 5698001 1066480 3328866 2600247 728619 30900785 OTHER RECEIVABLES 18121 CONSTRUCTION IN PROCESS 4923803 OTHER ASSETS 56999 4998923 0 STUDENT DEPOSITS 20667 OBLIGATION 1427440 OTHER LIABILITIES 56999 1505106 X 30671864 954514 -4782095 -3827581 34499445 -421150 -421150 34078295 28043560 421150 421150 27622410 4782095 4782095 32404505 PART V, LINE 4 THE PERMANENT ENDOWMENTS ARE DESIGNATED BY THE DONORS, THE INCOME OF WHICH IS FOR SCHOLARSHIPS AND OTHER UNRESTRICTED PURPOSES TO FURTHER THE ORGANIZATION'S MISSION. THE BOARD DESGNATED ENDOWMENTS ARE TO FUND FUTURE OPERATIONS. 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, 2017, THERE ARE NO UNCERTAIN TAX 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, 2017, 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, 2017 AND 2016, THE SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D FINANCIAL AID - $(4,782,095) PART XI, LINE 4B COST OF GOODS SOLD - $ (292,756) RENTAL EXPENSE - (67,663) FUNDRAISING EXPENSES - (60,731) ------------ TOTAL $ (421,150) PT XII, LINE 2D COST OF GOODS SOLD - $ 292,756 RENTAL EXPENSE - 67,663 FUNDRAISING EXPENSES - 60,731 ---------- TOTAL $ 421,150 PART XII, LINE 4B FINANCIAL AID - $ 4,782,095 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 56225 3733 52492 7757 38301 950 5484 GOLF & TENNIS 60464 52225 8239 3990 40 4209 0 116689 55958 60731 7757 42291 990 9693 60731 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 true FINANCIAL AID AND TUITION REMISSION 186 4731340 FMV FINANCIAL AID/REMISS DISCOUNTS 229 50755 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 false false false false false false false false false JONATHAN G BROUGHAM VICE PRESIDENT/HEADMASTER 355480 0 0 0 0 0 27188 0 23222 0 405890 0 0 0 ANDREW C HAMLIN ASST SECRETARY/ASST HEADMASTER 195407 0 0 0 0 0 14876 0 4092 0 214375 0 0 0 KATHARIN KIEFER DEAN OF FACULTY 144250 0 0 0 0 0 17310 0 15116 0 176676 0 0 0 RYAN K HEWS HEAD OF UPPER SCHOOL 153137 0 0 0 0 0 11599 0 7996 0 172732 0 0 0 STEVEN C BRISTOL DIRECTOR OF ADMISSIONS 149029 0 0 0 0 0 11512 0 21136 0 181677 0 0 0 STEFANIE CONNELL CFO 156362 0 0 0 0 0 12279 0 20179 0 188820 0 0 0 J MICHAEL CHAYKOWSKY DIRECTOR OF FACILITIES 133911 0 0 0 0 0 10249 0 20996 0 165156 0 0 0 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 132098 0 0 0 0 0 10295 0 21024 0 163417 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 280950 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 37850 tuition remission tuition X 13 116505 FMV X GALA MISCELLANEOUS AUCTION ITEMS 19 14358 FMV OF DONATED ITEM X GRAND PIANO 1 4000 FMV OF DONATED ITEM false 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. PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS THE AUDITED FINANCIAL STATEMENT BY THE INDEPENDENT AUDITORS.