2015-05-15T08:12:08-05:00 2014-06-30 WITHUM SMITH BROWN PC 5 VAUGHN DR PRINCETON NJ 085406313 990 2013-07-01 210634503 THE LAWRENCEVILLE SCHOOL % CHRISTINA L GOODRICH LAWR 6098952138 PO BOX 6126 Suite LAWRENCEVILLE NJ 086486126 CHRISTINA GOODRICH DIRECTOR OF FINANCE 6098952138 2015-05-15 true RICHARD C COYNE P00634888 6098952138 2015-05-15 2013 2016-03-07 17:11:31Z ELIZABETH DUFFY PO BOX 6126 LAWRENCEVILLE NJ 08648 243766147 false X WWW.LAWRENCEVILLE.ORG X 1810 NJ THE LAWRENCEVILLE SCHOOL SEEKS TO INSPIRE AND EDUCATE YOUNG PEOPLE AND EDUCATE YOUNG PEOPLE FOR RESPONSIBLE LEADERSHIP, PERSONAL FULFILL- MENT, & ENTHUSIASTIC PARTICIPATION IN AN INCREASINGLY COMPLEX WORLD. 32 29 580 950 1474670 19879267 24954240 41239382 43171223 12772153 9192791 1936023 2067627 75826825 79385881 10029505 10368004 0 0 32787571 33729340 120202 83107 4304856 26529299 27088007 69466577 71268458 6360248 8117423 546864791 593522715 83455440 81671580 463409351 511851135 X THE LAWRENCEVILLE SCHOOL SEEKS TO INSPIRE AND EDUCATE YOUNG PEOPLE OF SPECIAL PROMISE, FROM DIVERSE BACKGROUNDS, FOR RESPONSIBLE LEADERSHIP, PERSONAL FULFILLMENT, 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. false false 55007691 10368004 44645893 INSTRUCTION: COEDUCATIONAL BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12. STUDENT SERVICES: LAWRENCEVILLE PROVIDES SERVICES TO THE ENTIRE STUDENT COMMUNITY IN AN EFFORT TO DEVELOP THE INTELLECTUAL AND SOCIAL TALENTS OF ITS STUDENTS. INSTITUTIONAL SUPPORT: GENERAL SUPPORT TO THE STUDENTS AND FACULTY. 55007691 true true false false false false false true false true true true false false true false true false true false true false false true false false false true true true true false false false false false true false true true false true false false false false false false false false true 113 0 true 580 true true true false false false false false false false false false X 32 29 false false false false false false false true true false false true true true true true true true true false X CHRISTINA L GOODRICH 6098952138 PO BOX 6126 LAWRENCEVILLE NJ 08648 ELIZABETH A DUFFY HEADMASTER 40.0 0.0 X X 335643 0 195194 WESLEY R BROOKS CFO/COO 40.0 0.0 X X 220463 0 143418 THOMAS L CARTER JR PRESIDENT 2.0 0.0 X X 0 0 0 DARRELL A FITZGERALD VICE PRESIDENT 2.0 0.0 X X 0 0 0 RICHARD J BARRETT TRUSTEE 2.0 0.0 X 0 0 0 JACQUELINE BRADLEY OTIS TRUSTEE 2.0 0.0 X 0 0 0 WHITNEY HAILAND BROWN TRUSTEE 2.0 0.0 X 0 0 0 SETH H WAUGH TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL S CHAE TRUSTEE 2.0 0.0 X 0 0 0 JUDITH ANN CORRENTE TRUSTEE 2.0 0.0 X 0 0 0 JEFFREY G DISHNER TRUSTEE 2.0 0.0 X 0 0 0 LEITA VOSS HAMILL TRUSTEE 2.0 0.0 X 0 0 0 BERT A GETZ JR TRUSTEE 2.0 0.0 X 0 0 0 MARCUS B MABRY TRUSTEE 2.0 0.0 X 0 0 0 JEREMY MARIO TRUSTEE 2.0 0.0 X 0 0 0 FREDERICK R MCCORD TRUSTEE 2.0 0.0 X 0 0 0 DOMINIC A A RANDOLPH TRUSTEE 2.0 0.0 X 0 0 0 JOHN E WALDRON TRUSTEE 2.0 0.0 X 0 0 0 GREG W HAUSLER TRUSTEE 2.0 0.0 X 0 0 0 JEFFERSON W KIRBY TRUSTEE 2.0 0.0 X 0 0 0 ROBERT L ROSNER TRUSTEE 2.0 0.0 X 0 0 0 DANIEL M TAPIERO TRUSTEE 2.0 0.0 X 0 0 0 JOESPH C TSAI TRUSTEE 2.0 0.0 X 0 0 0 HYMAN BRODY TRUSTEE 2.0 0.0 X 0 0 0 ARTHUR H BUNN TRUSTEE 2.0 0.0 X 0 0 0 LESLIE DOLL TRUSTEE 2.0 0.0 X 0 0 0 LAWRENCE D HOWELL TRUSTEE 2.0 0.0 X 0 0 0 CRAIG M LUCAS TRUSTEE 2.0 0.0 X 0 0 0 SANDRA ALLEN TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH B FRUMKIN TRUSTEE 2.0 0.0 X 0 0 0 ALEXANDRA BUCKLEY VORIS TRUSTEE 2.0 0.0 X 0 0 0 JOON MO KWON TRUSTEE 2.0 0.0 X 0 0 0 KATHLEEN W MCMAHON TRUSTEE 2.0 0.0 X 0 0 0 STEFFEN PARRATT TRUSTEE 2.0 0.0 X 0 0 0 CHRISTINA GOODRICH DIRECTOR OF FINANCE 40.0 0.0 X 111648 0 62168 MARY KATE BARNES DIRECTOR OF DEVELOPMENT 40.0 0.0 X 219023 0 83053 ROBIN KARPF MD MEDICAL DIRECTOR 40.0 0.0 X 186657 0 31673 JOHN E GORE DIRECTOR OF ALUMNI DEVELOPMENT 40.0 0.0 X 144657 0 31378 SEAN BROWN DIRECTOR OF CAPITAL PROGRAMS 40.0 0.0 X 158334 0 45737 JOHN SIMAR DIRECTOR OF ATHLETICS 40.0 0.0 X 185203 0 72045 HELEN MARIE LIVINGSTON DIRECTOR OF FACILITY SERVICES 40.0 0.0 X 141750 0 7638 1703378 0 672304 9 false true false VJ SCOZZARI SONS INC PO BOX 958 PENNINGTON NJ 08534 CONSTRUCTION 4089397 PAVE-RITE INC 40 RADEL AVE BRIDGEWATER NJ 08807 PAVING 3343935 SUSTAINABLE FARE PO BOX 543 ISLAND HEIGHTS NJ 08732 FOOD SERVICE 3201274 JOHN KOCHIS LANDSCAPING 7 CHEROKEE DRIVE PENNINGTON NJ 08534 LANDSCAPING 925160 CAMBRIDGE ASSOCIATES 100 SUMMER ST BOSTON MA 02210 INVESTMENT MGMT 735259 30 X 24954240 1593144 24954240 TUITION AND FEES 611600 43013678 43013678 AUXILIARY PROGRAMS 713940 157545 157545 43171223 2462177 2462177 0 0 54959 5774 49185 0 49185 49185 170573511 292422 163767986 367333 6805525 -74911 6730614 6730614 0 0 414294 239173 175121 175121 SUMMER CAMPS 713940 1168198 1168198 GOLF AND TENNIS CLUB 713910 39274 39274 ICE RINK 713940 254930 254930 380919 12268 368651 1843321 79385881 43171223 1474670 9785748 81250 81250 10286754 10286754 0 0 1439663 29515 925744 484404 0 22111075 16284711 3983858 1842506 2153019 1673688 153186 326145 6353796 5213422 731479 408895 1671787 1218374 285028 168385 57000 18750 38250 66628 5069 52986 8573 85725 85725 0 83107 83107 1763654 1763654 1200854 940634 221235 38985 112022 12801 99221 2641414 1970362 504765 166287 1043274 42861 979217 21196 0 2596561 2382929 183375 30257 3400002 2990138 191911 217953 0 167180 131006 21489 14685 2732957 2508103 193008 31846 0 6574882 6011491 487061 76330 421669 386976 29779 4914 AUXILIARY AND SUMMER PROGRAM 515555 3854 511701 CAMPUS EVENTS 235037 57501 44773 132763 EQUIPMENT 608881 417542 99339 92000 MEMBERSHIPS 76198 970 68457 6771 2788514 2351791 387090 49633 71268458 55007691 11955911 4304856 X 15085674 19243459 6165114 11163146 28392583 31586582 3263511 1264537 396605 377748 0 0 4367736 4587156 87271 93586 1630223 876831 277178352 125556422 126574439 151621930 115961201 144591477 215582839 225148931 0 0 0 0 29357595 2967332 546864791 593522715 5243446 3671539 0 0 4040815 5442626 55939794 54304863 0 0 0 0 1994390 1911495 0 0 16236995 16341057 83455440 81671580 X 135366207 160716675 135320164 161664712 192722980 189469748 463409351 511851135 546864791 593522715 X 8117423 40324361 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 341817643 9541546 47348809 5381778 9536154 383790066 324382432 6865846 29254073 4818022 13866686 341817643 348142230 7960703 -2673323 4941610 24105568 324382432 304013913 9222090 45580565 4476834 6197504 348142230 270997588 19585102 42854068 3083097 26339748 304013913 0.20146 0.49368 0.30486 false false 9929702 9929702 228101670 112655360 115446310 39146980 12901062 26245918 151621930 TREASURIES 18025744 F HEDGE FUNDS 112625514 F PRIVATE EQUITY 72815304 F REAL ESTATE 9062508 F US GOVERNMENT SECURITIES 64504 F REAL ASSETS FUNDS 12555357 F 225148931 0 LIABILITY-SPLIT INTEREST AGREE 2728913 INTEREST RATE SWAPS 12646028 ASSET RETIREMENT OBLIGATION 966116 16341057 106647881 40324361 -11298707 29025654 77622227 1763654 1763654 79385881 58206097 244947 244947 57961150 1763654 11543654 13307308 71268458 SCHEDULE D, PART XI, LINE 2A UNREALIZED GAIN ON INVESTMENTS.............................40,407,488 UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT............ (83,127) ---------------------------------------------------------------------- TOTAL UNREALIZED GAIN......................................40,324,361 SCHEDULE D, PART XII, LINE 2D FINANCIAL AID GRANTS......................................(11,543,654) COST OF GOODS SOLD........................................ 239,173 RENTAL EXPENSE............................................ 5,774 --------------------------------------------------------------------- TOTAL.....................................................(11,298,707) SCHEDULE D, PART XIII, LINE 2D & 4B COST OF GOODS SOLD........................................ (239,173) RENTAL EXPENSE............................................ (5,774) FINANCIAL AID GRANTS...................................... 11,543,654 ---------------------------------------------------------------------- TOTAL..................................................... 11,298,707 SCHEDULE D, PART V THE SCHOOL'S ENDOWMENT CONSISTS OF 450 FUNDS THAT HAVE BEEN ESTABLISHED BY DONORS AND THE SCHOOL TO SUPPORT FINANCIAL AID, FACULTY COMPENSATION, BUILDING MAINTENANCE, AND OTHER GENERAL OPERATIONS. SCHEDULE D, PART III 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); FURNISHINGS 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 ADDITIOAL 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. true true true true true true true false false false false false false false false false false true SCHEDULE E, 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 SCHOLARSHIPS. WE ALSO PUBLISH AN ANNUAL PRINT ADVERTISEMENT THROUGH NJAIS. true Central America and the Caribbean Program Services EDUCATIONAL PROGRAMS 82978 East Asia and the Pacific Program Services EDUCATIONAL PROGRAMS 167513 Europe (Including Iceland and Greenland) Program Services EDUCATIONAL PROGRAMS 168737 Middle East and North Africa Program Services EDUCATIONAL PROGRAMS 24081 North America Program Services EDUCATIONAL PROGRAMS 70620 Russia and the Newly Independent States Program Services EDUCATIONAL PROGRAMS 3865 South America Program Services EDUCATIONAL PROGRAMS 88048 South Asia Program Services EDUCATIONAL PROGRAMS 49383 Sub-Saharan Africa Program Services EDUCATIONAL PROGRAMS 10859 East Asia and the Pacific Fundraising 41497 707581 707581 true false false true true false 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. X X X X X X true CAROL O'BRIEN ASSOCIATES CAMPAIGN CONSULTING false 83107 83107 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI true LAWRENCE TOWNSHIP EDUCATION FOUNDATION PO BOX 6531 LAWRENCEVILLE NJ 08648 223192024 501(C)(3) 65000 N/A N/A STUDENT SCHOLARSHIPS LAWRENCE TOWNSHIP COMMUNITY FOUNDATION PO BOX 6707 LAWRENCEVILLE NJ 086480707 223835387 501(C)(3) 10000 N/A N/A GRANT 2 STUDENT SCHOLARSHIPS 240 10286754 N/A N/A SCHEDULE I, PART I 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 false false X X X false false false false false false false false false ELIZABETH A DUFFY HEADMASTER 335643 0 0 0 0 0 93750 0 101444 0 530837 0 0 0 WESLEY R BROOKS CFO/COO 220463 0 0 0 0 0 26886 0 116532 0 363881 0 0 0 CHRISTINA GOODRICH DIRECTOR OF FINANCE 111648 0 0 0 0 0 13871 0 48297 0 173816 0 0 0 MARY KATE BARNES DIRECTOR OF DEVELOPMENT 219023 0 0 0 0 0 26893 0 56160 0 302076 0 0 0 ROBIN KARPF MD MEDICAL DIRECTOR 186657 0 0 0 0 0 23175 0 8498 0 218330 0 0 0 JOHN E GORE DIRECTOR OF ALUMNI DEVELOPMENT 144657 0 0 0 0 0 17923 0 13455 0 176035 0 0 0 SEAN BROWN DIRECTOR OF CAPITAL PROGRAMS 158334 0 0 0 0 0 20250 0 25487 0 204071 0 0 0 JOHN SIMAR DIRECTOR OF ATHLETICS 185203 0 0 0 0 0 13077 0 58968 0 257248 0 0 0 SCHEDULE J, PART I, LINE 1A 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. SCHEDULE J, PART I, LINE 1A SOCIAL CLUB DUES PAID BY THE DIRECTOR OF ALUMNI DEVELOPMENT 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. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 64577HPH8 2004-11-01 15435000 REFUNDING OF OUTSTANDING 1996 BOND true false false A 0 14445000 16039245 0 0 15798441 240804 0 0 0 0 0 false true false false A 0 A true false false 0 false 0 false true A false CHRISTINA GOODRICH EMPLOYEE MORTGAGE X 300000 243239 false true true MARY KATE BARNES EMPLOYEE MORTGAGE X 300000 134509 false true true 377748 BLACKSTONE MINERALS-THOMAS CARTER J TRUSTEE IS A PARTNER 12327919 SEE PART V BELOW false BLENHEIM GLOBAL FUND-JUDITH CORRENT TRUSTEE SPOUSE OF FOUNDER 5580960 SEE PART V BELOW false SCHEDULE L, PART IV THE LAWRENCEVILLE SCHOOL HOLDS A $12.3 MILLION INVESTMENT IN BLACKSTONE MINERALS COMPANY AS PART OF THE SCHOOL'S ENDOWMENT PORTFOLIO. THOMAS L CARTER JR, A TRUSTEE OF THE LAWRENCEVILLE SCHOOL, IS THE CEO AND OWNS MORE THAN 10% OF BLACK STONE MINERALS COMPANY. HOWEVER, THE SCHOOL'S INVESTMENT 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. THE LAWRENCEVILLE SCHOOL HOLDS AN INVESTMENT IN BLENHEIM GLOBAL MARKETS FUND THAT HAD A FMV OF $5.5 MILLION ON JUNE 30, 2014. JUDITH ANN CORRENTE, A LAWRENCEVILLE SCHOOL TRUSTEE IS MARRIED TO THE CHAIRMAN/FOUNDER OF BLENHEIM GLOBAL MARKETS FUND. HOWEVER, THE SCHOOL'S INVESTMENT COMMITTEE DIRECTS THE SCHOOL'S INVESTMENTS AND MS. CORRENTE IS NOT A MEMBER OF THE INVESTMENT COMMITTEE AND DOES NOT PARTICIPATE IN ANY OF THE SCHOOL'S INVESTMENT DECISIONS. X 31 3703882 FMV false true false SCHEDULE M, PART I, LINE 25 THE ORGANIZATION RECEIVED 37,125 SHARES OF HOME DEPOT STOCK WITH A VALUE OF $2,998,781 DURING THE CURRENT FISCAL YEAR. THE NET PRESENT VALUE OF THIS CONTRIBUTION WAS RECORDED AND RECOGNIZED WHEN IT WAS INITIALLY PLEDGED BY THE DONOR IN A PRIOR FISCAL YEAR, AND AS SUCH IS NOT INCLUDED ON SCHEDULE B OR IN CONTRIBUTION REVENUE FOR THE CURRENT YEAR. FORM 990, PART IV, LINE 11A FORM 990 IS PREPARED BY THE SCHOOL'S INDEPENDENT ACCOUNTING FIRM, WITHUMSMITH+BROWN, 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 DIRECTORS, 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 ORGANIZATION'S GOVERNING BODY, ITS BOARD OF DIRECTORS, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART IV, 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 ORGANIZATION DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. FORM 990, PART VI, 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 ORGANIZATION'S FORM 990. THIS IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, 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 5 UNREALIZED GAIN ON INVESTMENTS............................. 40,407,488 UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT............ (83,127) ------------------------------------------------------------------------ TOTAL UNREALIZED GAIN...................................... 40,324,361