2016-02-10T10:46:01-06:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF WECKESSER CFO & DIRECTOR OF OPERATIONS 9086475555 2016-02-09 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 2014 2016-08-17 19:52:53Z OLAF WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 90051040 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. 27 27 409 340 72231 0 5779873 12469408 39323660 40232106 4192895 7556496 623055 559817 49919483 60817827 4910652 5171004 0 0 24829570 24831639 0 0 3145974 14243416 15283629 43983638 45286272 5935845 15531555 159436119 178868557 18205087 26414740 141231032 152453817 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 38026175 5171004 40232106 THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1080 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF. 38026175 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 101 0 409 1 1 1 0 0 0 0 0 0 0 0 0 X 27 27 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 MR EDWARDS JEFFREY N CHAIRMAN OF BOARD 8.00 X X 0 0 0 MRS HUGIN KATHLEEN M VICE CHAIR 8.00 X X 0 0 0 MR SHRANK IAN S SECRETARY 2.50 X X 0 0 0 MR LOUIS G ZACHARY JR TREASURER 4.00 X X 0 0 0 MS HEGENER HILARY ASSISTANT SECRETARY 2.00 X X 0 0 0 MRS BARKER DEBORAH J TRUSTEE 2.00 X 0 0 0 MS BECKMEN JANICE C TRUSTEE 2.00 X 0 0 0 MR CLARK KENT A TRUSTEE 2.00 X 0 0 0 MR CONNOR JOHN T TRUSTEE 2.00 X 0 0 0 MR CONTI KURT G TRUSTEE 2.00 X 0 0 0 MS DELANEY ANNE TRUSTEE 2.00 X 0 0 0 MR ENG KEVIN D TRUSTEE 2.00 X 0 0 0 MS GRANT DENISE M TRUSTEE 2.00 X 0 0 0 MR HOLMAN JOHN W III TRUSTEE 2.00 X 0 0 0 MR JAHNG KENDRICK K TRUSTEE 2.00 X 0 0 0 MRS KAMEN GENESIA P TRUSTEE 2.00 X 0 0 0 MR KORN PETER L TRUSTEE 2.00 X 0 0 0 MR LARSON CRAIG TRUSTEE 2.00 X 0 0 0 MR LEDERMAN STUART M TRUSTEE 2.80 X 0 0 0 MR MENNEN WILLIAM G IV TRUSTEE 2.00 X 0 0 0 MR MULLETT CONOR T TRUSTEE 2.00 X 0 0 0 MR MULLINS DONALD C JR TRUSTEE 2.50 X 0 0 0 MR NEWHOUSE STEPHAN F TRUSTEE 5.00 X 0 0 0 MS PROCTER KATHARINE TRUSTEE 2.00 X 0 0 0 MR SCURCI JULIAN HBL TRUSTEE 4.00 X 0 0 0 MR STIFEL HENRY G III TRUSTEE 2.00 X 0 0 0 MR ZOELLNER ALISON MALIN TRUSTEE 2.00 X 0 0 0 MR CONARD NATHANIEL E HEADMASTER 40.00 X 428294 0 106783 MR WECKESSER OLAF J CHIEF FINANCIAL OFFICER AN 40.00 X 224600 0 67811 MR PRATT JOHN W CHIEF OPERATING OFFICER 40.00 X 169437 0 28992 MRS HOFFMANN MELANIE P DIRECTOR OF INSTITUTIONAL 40.00 X 177229 0 105898 MR LEEF JONATHAN D ASSISTANT HEADMASTER 40.00 X 164194 0 113324 MR BUGLIARI MILLER ASSISTANT TO THE HEADMASTER 40.00 X 186444 0 29403 MR CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER 40.00 X 163937 0 34992 1514135 0 487203 38 0 1 0 HOLLISTER CONSTRUCTION SERVICES LLC 339 JEFFERSON RD PARSIPPANY NJ 07054 CONSTRUCTION SERVICES 1895028 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLETIMONIUM MD 21093 STUDENT FOOD SERVICE 1498087 HUDSON INC 826 BROADWAY 11 NEW YORK NY 10003 CONSTRUCTION SERVICES 707060 LEEGIS GROUP 2333 US 22 UNION NJ 07083 CONSTRUCTION SERVICES 653000 HENDRY CONSTRUCTION SERVICES 1160 US-202 SOMERVILLE NJ 08876 CONSTRUCTION SERVICES 502456 35 20900 12448508 490224 12469408 TUITION AND FEES 611600 37975331 37975331 AUXILIARY SERVICES 611600 2256775 2256775 40232106 3195174 72231 3122943 33248952 28887630 4361322 4361322 4361322 282421 20900 149474 132947 132947 289814 196109 93705 93705 MISCELLANEOUS 900099 333165 333165 333165 60817827 40232106 72231 8044082 5171004 5171004 837468 837468 18913584 16128865 1512328 1272391 1481417 1244666 135982 100769 2095293 1829697 117462 148134 1503877 1233194 170842 99841 91763 91763 102425 102425 121707 121707 157239 3866 153373 1943703 341758 856553 745392 468083 468083 2832001 2773096 47577 11328 45379 4186 41193 162922 159533 2737 652 3290757 3222309 55285 13163 556131 544564 9343 2224 INSTRUCTIONAL 2629870 2629870 STUDENT FOOD SERVICE 1253433 1253433 STUDENT ATHLETICS 589066 589066 ALUMNI FUNCTIONS 408104 408104 631046 433171 48465 149410 45286272 38026175 4114123 3145974 726901 847092 10295600 16740589 4075387 7213723 94500 43178 200000 250000 143532 143614 138605 167350 97649679 42442415 46692464 55207264 52130922 52533041 36382698 36380312 8555510 9342394 159436119 178868557 4792305 7001376 2268670 2679976 7844112 13433388 3300000 3300000 18205087 26414740 X 68609350 71542110 52084671 59884853 20537011 21026854 141231032 152453817 159436119 178868557 X 15531555 -4418305 109535 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 86867773 984645 3245814 3918431 87179801 75014987 6235810 9299020 1770019 1912025 86867773 67244953 3281944 7890248 3402158 75014987 69003735 3691998 817849 6268629 67244953 57423766 6407548 8343046 3170625 69003735 0.29400 0.24100 0.46500 0 0 2643643 2643643 79399930 37900833 41499097 10719929 4318771 6401158 4886177 222811 4663366 55207264 ALTERNATIVE INVESTMENTS 36380312 F 36380312 LIFE INSURANCE SURRENDER VALUE 1711 BOND ISSUANCE COSTS 114892 BENEFICIAL INTEREST IN REMAINDER TRUST 9202940 LOANS TO FORMER TEACHER 22851 9342394 X 51683636 -4418305 259009 -4159296 55842932 4974895 4974895 60817827 40460851 345583 345583 40115268 5171004 5171004 45286272 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, 2015 AND 2014, 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, 2015 AND 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 109,535. RECLASS SPECIAL EVENT EXPENSE 149,474. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,171,004. COST OF SALES -196,109. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 196,109. RECLASS SPECIAL EVENT EXPENSE 149,474. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,171,004. 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 299702 20900 278802 119371 28469 BOOK FAIR 3619 3619 64 1570 303321 20900 282421 119435 30039 149474 132947 1 NEED BASED FINANCIAL AID 160 4579139 FMV NEED BASED FINANCIAL AID TUITION REMISSION FOR CHILDREN OF FACULTY/STAFF 41 591865 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 MR CONARD NATHANIEL E HEADMASTER 428294 0 0 0 0 0 24462 0 82321 0 535077 0 0 0 MR WECKESSER OLAF J CHIEF FINANCIAL OFFICER AN 224600 0 0 0 0 0 11375 0 56436 0 292411 0 0 0 MR PRATT JOHN W CHIEF OPERATING OFFICER 169437 0 0 0 0 0 15327 0 13665 0 198429 0 0 0 MRS HOFFMANN MELANIE P DIRECTOR OF INSTITUTIONAL 177229 0 0 0 0 0 15300 0 90598 0 283127 0 0 0 MR LEEF JONATHAN D ASSISTANT HEADMASTER 164194 0 0 0 0 0 16098 0 97226 0 277518 0 0 0 MR BUGLIARI MILLER ASSISTANT TO THE HEADMASTER 186444 0 0 0 0 0 15714 0 13689 0 215847 0 0 0 MR CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER 163937 0 0 0 0 0 17007 0 17985 0 198929 0 0 0 A NJ ECONOMIC DEVELOPMENT AUTHROITY 222045817 2012-11-01 8360000 SEE PART IV 0 0 0 B PUBLIC FINANCE AUTHORITY SERIES 2015 A & B 273866124 2015-02-17 20500000 SEE PART IV 0 0 0 A 8360000 40000 2800000 1 0 1 1 B 20500000 121650 5748822 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 1 1 1 0 0 0 0 1 A 1 B 1 PART I, LINE A, COLUMN F PURPOSE OF ISSUANCE WAS TO REFUND $5,560,000 OF BONDS ISSUED 5/1/2007 AND TO RETIRE SHORT TIME FINANICNG FROM UCNB OF $2,800,000 AND $40,000 OF ISSUANCE COSTS FROM 12/1/12 ISSUE. PART I, LINE B, COLUMN F PURPOSE OF ISSUANCE WAS TO FUND CONSTRUCTION OF CAMPUS IMPROVEMENTS SERIES A $12,892,074 AND TO REFUND 2012 NJEDA BONDS OF $7,607,926. PART IV, LINE 2C, COLUMN A BOND PROCEEDS SPENT ON ISSUANCE, ACCORDINGLY, THERE ARE NOT REBATABLE INVESTMENT EARNINGS. PART IV, LINE 2C, COLUMN B BOND PROCEEDS ARE SPENT ON ISSUANCE AS DRAWDOWN BONDS, ACCORDINGLY, THERE ARE NO REBATEABLE INVESTMENT EARNINGS. NATHANIEL E CONRAD HEADMASTER POST SECONDARY EDUCATION STIPEND X 250000 250000 0 1 1 250000 X 29 490224 FMV 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 109,535. FORM 990, PART XII, LINE 2C THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.