2015-04-24T08:47:44-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2013-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF WECKESSER CFO & DIRECTOR OF OPERATION 9086475555 2015-04-23 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 2013 2016-02-25 16:41:14Z OLAF WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 67230116 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. 24 24 435 240 7898 0 9086391 5779873 36823882 39323660 3682822 4192895 794212 623055 50387307 49919483 4502077 4910652 0 0 24791347 24829570 0 0 2983903 13247010 14243416 42540434 43983638 7846873 5935845 148260031 159436119 18415004 18205087 129845027 141231032 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 36808577 4910652 39323660 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. 36808577 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 1 0 0 0 0 0 0 0 1 79 0 435 1 1 1 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA MI NH NY X OLAF WECKESSER 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 BRESCHER JOHN B JR CHAIR OF BOARD 8.00 X X 0 0 0 EDWARDS JEFFREY N VICE CHAIR 8.00 X X 0 0 0 SHRANK IAN S SECRETARY 2.50 X X 0 0 0 BARKER DEBORAH TREASURER 4.00 X X 0 0 0 HEGENER HILARY ASSISTANT SECRETARY 2.00 X X 0 0 0 BECKMEN JANICE C TRUSTEE 2.00 X 0 0 0 CLARK KENT A TRUSTEE 2.00 X 0 0 0 CONNOR JOHN JOSH TRUSTEE 2.00 X 0 0 0 CONTI KURT G 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 HUGIN KATHLEEN M TRUSTEE 4.00 X 0 0 0 KAMEN GENESIA P TRUSTEE 2.00 X 0 0 0 KORN PETER L TRUSTEE 2.00 X 0 0 0 LEDERMAN STUART TRUSTEE 2.80 X 0 0 0 MENNEN WILLIAM G IV TRUSTEE 2.00 X 0 0 0 MULLETT CONOR T TRUSTEE 2.00 X 0 0 0 MULLINS DONALD C JR TRUSTEE 2.50 X 0 0 0 NEWHOUSE STEPHAN F TRUSTEE 5.00 X 0 0 0 SAN MIGUEL LAURA TRUSTEE 2.00 X 0 0 0 SCURCI JULIAN HBL TRUSTEE 4.00 X 0 0 0 STIFEL HENRY G III TRUSTEE 2.00 X 0 0 0 ZACHARY LOUIS G JR TRUSTEE 4.00 X 0 0 0 ZOELLNER ALISON MALIN TRUSTEE 2.00 X 0 0 0 CONARD NATHANIEL E HEADMASTER 40.00 X 408694 0 111090 WECKESSER OLAF J CHIEF FINANCIAL OFFICER AND DIRECTOR OF OPERATIONS 40.00 X 205574 0 61503 PRATT JOHN W CHIEF OPERATING OFFICER 40.00 X 164696 0 24111 HOFFMANN MELANIE P DIRECTOR OF INSTITUTIONAL ADVANCEMENT 40.00 X 159565 0 86491 LEEF JONATHAN D ASSISTANT HEADMASTER 40.00 X 158207 0 113953 BROWN-ALLEN DENISE M UPPER SCHOOL DIRECTOR 40.00 X 143741 0 38177 CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER SCHOOL DIRECTOR 40.00 X 158669 0 34724 1399146 0 470049 36 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLETIMONIUM MD 21093 STUDENT FOOD SERVICE 1412784 CLARK COMPANIES PO BOX 427 41155 STATE HIGHWAY 10 DELHI NY 13753 ATHLETIC FIELD RENOVATIONS 856756 EASTERN JANITORIAL SERVICES 23 N MICHIGAN AVE KENILWORTH NJ 07033 CLEANING/JANITORIAL SERVICES 419953 LEEGIS GROUP 2333 US 22 UNION NJ 07083 CONSTRUCTION/CAMPUS MODERNIZATION 316984 VICTOR'S AIR CONDITIONING 398 COUNTY ROAD 607 MIDDLESEX NJ 08846 HVAC 296873 21 26300 5753573 276927 5779873 TUITION AND FEES 611600 36923772 36923772 AUXILIARY SERVICES 611600 2399888 2399888 39323660 2263052 7898 2255154 18882034 16952191 1929843 1929843 1929843 242795 26300 153495 89300 89300 285360 204947 80413 80413 MISCELLANEOUS 900099 453342 453342 453342 49919483 39323660 7898 4808052 4910652 4910652 1716135 587576 912677 215882 17875139 15527587 1308268 1039284 1312951 1124417 110673 77861 2498920 2113801 238530 146589 1426425 1172156 161317 92952 125437 125437 94965 94965 134471 134471 373473 126036 4195 243242 207751 55908 151843 1685331 443788 575308 666235 294671 294671 2676026 2620365 44957 10704 49394 6459 42935 72997 72997 210286 207934 1675 677 2716112 2659690 45693 10729 484523 474479 8134 1910 INSTRUCTIONAL 2373485 2373485 STUDENT FOOD SERVICE 1247982 1247982 ALUMNI FUNCTIONS 434903 434903 STUDENT ATHLETICS 343100 343100 718509 524950 193559 43983638 36808577 4191158 2983903 11775362 726901 10295600 4798553 4075387 130579 94500 177086 200000 101271 143532 114836 138605 85897889 39205425 45282132 46692464 42808180 52130922 34844681 36382698 8227351 8555510 148260031 159436119 4480809 4792305 2470617 2268670 11463578 11144112 18415004 18205087 X 62098951 68609350 47580903 52084671 20165173 20537011 129845027 141231032 148260031 159436119 X 5935845 5143457 306703 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75014987 6235810 9299020 1770019 1912025 86867773 67244953 3281944 7890248 3402158 75014987 69003735 3691998 817849 6268629 67244953 57423766 6407548 8343046 3170625 69003735 53833688 1010873 5607355 3028150 57423766 0.29500 0.23640 0.46860 0 0 2643643 2643643 75708772 35366814 40341958 7236134 3686597 3549537 309340 152014 157326 46692464 ALTERNATIVE INVESTMENTS 36382698 F 36382698 LIFE INSURANCE SURRENDER VALUE 1711 BOND ISSUANCE COSTS 47009 BENEFICIAL INTEREST IN REMAINDER TRUST 8481791 LOANS TO FORMER TEACHER 24999 8555510 X 50817433 5143457 460198 5603655 45213778 4705705 4705705 49919483 39431428 358442 358442 39072986 4910652 4910652 43983638 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) TO 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, 2014 AND 2013, 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, 2014 AND 2013. THE INCOME TAX RETURNS OF THE CORPORATION FOR THE YEARS ENDED JUNE 30, 2011, 2012 AND 2013 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 306,703. RECLASS SPECIAL EVENT EXPENSE 153,495. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,910,652. COST OF SALES -204,947. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 204,947. RECLASS SPECIAL EVENT EXPENSE 153,495. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,910,652. 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 249305 26300 223005 110253 25551 BOOKFAIR 19790 19790 17691 269095 26300 242795 110253 43242 153495 89300 0 NEED BASED FINANCIAL AID 164 4339169 FMV NEED BASED FINANCIAL AID TUITION REMISSION FOR CHILDREN OF FACULTY/STAFF 39 571483 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 408694 0 0 0 0 0 23988 0 87102 0 519784 0 0 0 WECKESSER OLAF J CHIEF FINANCIAL OFFICER AND DIRECTOR 205574 0 0 0 0 0 5500 0 56003 0 267077 0 0 0 PRATT JOHN W CHIEF OPERATING OFFICER 164696 0 0 0 0 0 14772 0 9339 0 188807 0 0 0 HOFFMANN MELANIE P DIRECTOR OF INSTITUTIONAL ADVANCEMEN 159565 0 0 0 0 0 13848 0 72643 0 246056 0 0 0 LEEF JONATHAN D ASSISTANT HEADMASTER 158207 0 0 0 0 0 15458 0 98495 0 272160 0 0 0 BROWN-ALLEN DENISE M UPPER SCHOOL DIRECTOR 143741 0 0 0 0 0 12318 0 25859 0 181918 0 0 0 CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER SCHOOL DI 158669 0 0 0 0 0 16387 0 18337 0 193393 0 0 0 A NJ ECONOMIC DEVELOPMENT AUTHROITY 222045817 2012-11-01 8360000 CONSTRUCTION OF MIDDLE SCHOOL 0 0 0 A 515888 8360000 40000 2800000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 1 0 0 0 0 1 A 1 PART I, LINE A, DESCRIPTION F PURPOSE OF ISSUANCE WAS TO REFUND $5,560,000 OF BONDS ISSUED 5/1/2007, RETIRE SHORT TERM CONSTRUCTION FINANCING FROM UCNB OF $2,800,000 AND $40,000 OF ISSUANCE COSTS FOR 12/1/12 ISSUE. PART IV, LINE 2C ZERO EARNINGS NATHANIEL E CONRAD HEADMASTER POST SECONDARY EDUCATION STIPEND X 200000 200000 0 1 1 200000 X 1 18000 FMV X 20 258927 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 306,703. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THE FINANCIAL STATEMENT OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.