2017-03-24T13:28:33-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2015-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF WECKESSER CFO & DIRECTOR OF OPERATIONS 9086475555 2017-03-23 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 2015 2021-01-29 14:40:06Z OLAF WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 70296064 0 X WWW.PINGRY.ORG X 1861 NJ THE MISSION OF THE PINGRY SCHOOL IS TO FOSTER IN STUDENTS A LIFELONG COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH AND SOCIAL RESPONSIBILITY BY INSPIRING AND SUPPORTING THEM TO STRIVE FOR ACADEMIC AND PERSONAL EXCELLENCE WITHIN AN ETHICAL FRAMEWORK THAT PLACES THE HIGHEST VALUE ON HONOR AND RESPECT FOR OTHERS. 29 29 488 360 20080 3607 12469408 17483092 40232106 42510086 7556496 3611108 559817 931713 60817827 64535999 5171004 5578533 0 0 24831639 27687364 0 0 3041745 15283629 16056989 45286272 49322886 15531555 15213113 178868557 193816622 26414740 32027748 152453817 161788874 X THE MISSION OF THE PINGRY SCHOOL IS TO FOSTER IN STUDENTS A LIFELONG COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH AND SOCIAL RESPONSIBILITY BY INSPIRING AND SUPPORTING THEM TO STRIVE FOR ACADEMIC AND PERSONAL EXCELLENCE WITHIN AN ETHICAL FRAMEWORK THAT PLACES THE HIGHEST VALUE ON HONOR AND RESPECT FOR OTHERS. 0 0 40952023 5578533 42792953 THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1125 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF. 40952023 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 103 0 488 1 1 1 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA MI NH NY CO WA X OLAF WECKESSER 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 EDWARDS JEFFREY N CHAIRMAN OF BOARD 8.00 X X 0 0 0 HUGIN KATHLEEN M VICE CHAIR 8.00 X X 0 0 0 SHRANK IAN S SECRETARY 4.00 X X 0 0 0 LOUIS G ZACHARY JR TREASURER 4.00 X X 0 0 0 HEGENER HILARY ASSISTANT SECRETARY 4.00 X X 0 0 0 BARKER DEBORAH J TRUSTEE 2.00 X 0 0 0 BARRAL STEPHEN M TRUSTEE 2.00 X 0 0 0 BECKMEN JANICE C TRUSTEE 2.00 X 0 0 0 BERNDT ELLIOT S TRUSTEE 2.00 X 0 0 0 CONNOR JOHN T TRUSTEE 2.00 X 0 0 0 CONTI KURT G TRUSTEE 2.00 X 0 0 0 DELANEY ANNE TRUSTEE 2.00 X 0 0 0 ENG KEVIN D TRUSTEE 2.00 X 0 0 0 GRANT DENISE M TRUSTEE 2.00 X 0 0 0 HOLMAN JOHN W III TRUSTEE 2.00 X 0 0 0 ITTYCHERIA DEV C TRUSTEE 2.00 X 0 0 0 KAMEN GENESIA P TRUSTEE 2.00 X 0 0 0 KORN PETER L TRUSTEE 2.00 X 0 0 0 LARSON CRAIG A TRUSTEE 2.00 X 0 0 0 LEDERMAN STUART M TRUSTEE 2.00 X 0 0 0 MALIN ZOELLENER ALISON C TRUSTEE 2.00 X 0 0 0 MENNEN WILLIAM G IV TRUSTEE 2.00 X 0 0 0 MULLINS DONALD C JR TRUSTEE 2.00 X 0 0 0 NEWHOUSE STEPHAN F TRUSTEE 2.00 X 0 0 0 PEACOCK JONATHAN M TRUSTEE 2.00 X 0 0 0 SAUNDERS AMY B TRUSTEE 2.00 X 0 0 0 SCURCI JULIAN HBL TRUSTEE 2.00 X 0 0 0 WILF JONATHAN Z TRUSTEE 2.00 X 0 0 0 WYMAN PROCTOR KATHARINE TRUSTEE 2.00 X 0 0 0 CONARD NATHANIEL E HEADMASTER 40.00 X 894477 0 103909 WECKESSER OLAF J CHIEF FINANCIAL OFFICER 40.00 X 233664 0 70541 PRATT JOHN W FORMER CHIEF OPERATING OFFICER 40.00 X 168368 0 34123 HOFFMANN MELANIE P DIR. OF INST. ADVANCEMENT 40.00 X 181286 0 109393 LEEF JONATHAN D ASSISTANT HEADMASTER/UPPER 40.00 X 166112 0 90566 BUGLIARI MILLER A ASSISTANT TO HEADMASTER 40.00 X 187391 0 26154 CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER 40.00 X 165431 0 36082 1996729 0 470768 33 0 1 0 HOLLISTER CONSTRUCTION SERVICES LLC 339 JEFFERSON RD PARSIPPANY NJ 07054 CONSTRUCTION SERVICES 2923487 THE LEEGIS GROUP 2333 US 22 UNION NJ 07083 CONSTRUCTION SERVICES 1932113 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLETIMONIUM MD 21093 STUDENT FOOD SERVICE 1620689 FENTON CONSTRUCTION 5 MOUNTAIN BLVD SUITE 10 WARREN NJ 07059 CONSTRUCTION SERVICES 1052202 FULCRUM FACILITIES SERVICES LLP 80 BROAD ST 1601 NEW YORK NY 10004 CONSTRUCTION SERVICES 551762 35 18125 17464967 1636799 17483092 TUITION AND FEES 611600 40165970 40165970 AUXILIARY SERVICES 611600 2344116 2344116 42510086 3219859 20080 3199779 296097 13230 282867 282867 282867 5776552 5385303 391249 391249 391249 281803 18125 167679 114124 114124 289814 193853 95961 95961 MISCELLANEOUS 900099 438761 438761 438761 64535999 42792953 20080 4239874 5578533 5578533 1337857 1337857 20459213 17381381 1604135 1473697 1710310 1347279 245784 117247 2666809 2179778 287682 199349 1513175 1236881 168655 107639 514926 514926 100765 100765 124692 124692 165167 6863 158304 1706916 480744 660468 565704 431436 431436 2666212 2610755 44792 10665 24062 3732 20330 419884 419884 3683966 3607365 62035 14566 619144 606270 10426 2448 INSTRUCTIONAL 2836098 2836098 STUDENT FOOD SERVICE 1342643 1342643 STUDENT ATHLETICS 552967 552967 ALUMNI FUNCTIONS 371796 371796 496315 340009 156306 49322886 40952023 5329118 3041745 847092 2963666 16740589 16328769 7213723 13606733 43178 218742 250000 143614 146156 167350 200648 107805922 46119623 55207264 61686299 52533041 52770198 36380312 36243429 9342394 9651982 178868557 193816622 7001376 6268860 2679976 3123785 13433388 19335103 3300000 3300000 26414740 32027748 X 71542110 77918900 59884853 60164299 21026854 23705675 152453817 161788874 178868557 193816622 X 15213113 -6193517 315461 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87179801 7079321 -2725678 3761493 87771951 86867773 984645 3245814 3918431 87179801 75014987 6235810 9299020 1770019 1912025 86867773 67244953 3281944 7890248 3402158 75014987 69003735 3691998 817849 6268629 67244953 0.27340 0.27010 0.45650 0 0 2643643 2643643 87014963 40715647 46299316 11047001 5118300 5928701 7100315 285676 6814639 61686299 ALTERNATIVE INVESTMENTS 36243429 F 36243429 X 53329480 -6193517 483140 -5710377 59039857 124692 5371450 5496142 64535999 43994423 374762 374762 43619661 124692 5578533 5703225 49322886 PART V, LINE 4: THE CORPORATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT AND BOARD-DESIGNATED ASSETS THAT ATTEMPT TO 1) PROVIDE A STREAM OF RELATIVELY PREDICTABLE, STABLE AND CONSTANT FUNDING IN SUPPORT OF ANNUAL BUDGETARY NEEDS; AND 2) PRESERVE, IF NOT ENHANCE, THE REAL INFLATION-ADJUSTED PURCHASING POWER OF THE FUND AFTER MANAGMENT EXPENSES AND SPENDING. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE CORPORATION MUST HOLD IN PERPETUITY, FOR DONOR-SPECIFIED PERIODS, AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER INTENDED TO PRODUCE RESULTS THAT 1) ATTAIN AN AVERAGE ANNUAL NOMINAL TOTAL RETURN (BEFORE INFLATION) THAT IS EQUAL TO OR EXCEEDS ANNUAL SPENDING PLUS FUND MANAGEMENT COSTS OVER ROLLING FIVE-YEAR PERIODS; 2) OUTPERFORM THE FUND'S CUSTOM BENCHMARK; AND 3) BETTER THE MEDIAN RETURN OF A PEER GROUP OF INDEPENDENT SCHOOLS WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2016 AND 2015, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 315,461. RECLASS SPECIAL EVENT EXPENSE 167,679. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,578,533. COST OF SALES -193,853. FACILITY RENTAL EXPENSES -13,230. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 193,853. RECLASS SPECIAL EVENT EXPENSE 167,679. FACILITY RENTAL EXPENSE 13,230. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,578,533. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN VARIOUS NEWSPAPERS AND PROMOTIONAL MATERIALS. FALL BENEFIT 294435 18125 276310 106951 58918 BOOK FAIR 5493 5493 1810 299928 18125 281803 106951 60728 167679 114124 1 NEED BASED FINANCIAL AID 163 4973863 FMV NEED BASED FINANCIAL AID TUITION REMISSION FOR CHILDREN OF FACULTY/STAFF 43 604670 FMV TUITION REMISSION PART I, LINE 2: DESCRIPTION OF PROCEDURE FOR MONITORING USE OF FUNDS-THE SCHOOL AWARDS NEED-BASED FINANCIAL AID TO QUALIFYING STUDENTS WHO DEMONSTRATE FINANCIAL NEED. IN ADDITION, THE SCHOOL OFFERS TUITION REMISSION TO CHILDREN OF FACULTY/STAFF. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 CONARD NATHANIEL E HEADMASTER 894477 0 0 0 0 0 24938 0 78971 0 998386 0 0 0 WECKESSER OLAF J CHIEF FINANCIAL OFFICER 233664 0 0 0 0 0 12250 0 58291 0 304205 0 0 0 PRATT JOHN W FORMER CHIEF OPERATING OFFICER 168368 0 0 0 0 0 15693 0 18430 0 202491 0 0 0 HOFFMANN MELANIE P DIR. OF INST. ADVANCEMENT 181286 0 0 0 0 0 16065 0 93328 0 290679 0 0 0 LEEF JONATHAN D ASSISTANT HEADMASTER/UPPER 166112 0 0 0 0 0 17169 0 73397 0 256678 0 0 0 BUGLIARI MILLER A ASSISTANT TO HEADMASTER 187391 0 0 0 0 0 16357 0 9797 0 213545 0 0 0 CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER 165431 0 0 0 0 0 17652 0 18430 0 201513 0 0 0 A PUBLIC FINANCE AUTHORITY SERIES 2015 A & B 273866124 2015-02-17 20500000 SEE PART IV 0 0 0 A 282541 20500000 121650 11408405 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 0 0 0 1 A 1 PART I, A PURPOSE OF ISSUANCE WAS TO FUND CAMPUS IMPROVEMENTS ($12,892,074) AND TO REFUND 2012 NJEDA BONDS ($7,607,926) PART IV 2C, COLUMN A IN THE OPINION OF BOND COUNSEL, ALL GROSS PROCEEDS OF THE BONDS SUBJECT TO THE ARBITRAGE REBATE REQUIREMENT IMPOSED UNDER SECTION 148(F) OF THE CODE HAVE BEEN EXPENDED PRIOR TO THE REBATE COMPUTATION DATE, AND THAT NO ARBITRAGE REBATE AMOUNT IS DUE. X 2 12019 X 21 1458006 FMV X CONSTRUCTION 2 164616 X OTHER 4 2158 0 1 1 PART I, LINE 32B: THE SCHOOL USED THEIR INVESTMENT BROKERS TO SELL THEIR CONTRIBUTED MARKETABLE SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT VERSION OF THE 990 IS POSTED ONLINE FOR TRUSTEE ACCESS AND THEY ARE NOTIFIED THAT IT IS AVAILABLE FOR THEIR REVIEW. MEMBERS OF THE BOARD OF TRUSTEES REVIEW THE DRAFT FORM 990 AND DIRECT COMMENTS AND RECOMMENDATIONS TO MANAGEMENT. ONCE ALL COMMENTS AND RECOMMENDATIONS HAVE BEEN ADDRESSED AND CHANGES HAVE BEEN MADE THE 990 IS APPROVED BY THE BOARD OF TRUSTEES AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN CONSULTATION WITH AN INDEPENDENT COMPENSATION CONSULTANT, BASED ON A REVIEW OF HEADMASTER'S PERFORMANCE AND COMPARABLE BENCHMARKING INFORMATION FROM NAIS AND INDEX FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 315,461. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.