2026-05-13T14:38:35-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF J WECKESSER CHIEF FINANCIAL & OPERATING OFFICER 9086475555 2026-05-05 1 1 LUKE BURNETT P01079018 9786202000 2026-05-05 2024 2025-03-06 01:10:19Z THE PINGRY SCHOOL OLAF J WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 112539484 0 X WWW.PINGRY.ORG X 1861 NJ TO FOSTER A COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH & SOCIAL RESPONSIBILITY 28 28 547 250 21694 0 6084177 8701606 64725022 67407273 6828224 4852954 1986088 1806549 79623511 82768382 7975539 8352644 0 0 41684226 45269462 0 0 3610521 25932934 26220803 75592699 79842909 4030812 2925473 247021264 262231840 71933940 72909046 175087324 189322794 X SEE SCHEDULE O.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 69028512 8352644 67407273 THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1,200 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF WHO ARE ADMITTED STUDENTS. 69028512 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 151 0 1 547 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK HI MD MA MI NH NY OR SC WV X OLAF J WECKESSER 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 LEAR TIMOTHY P HEAD OF SCHOOL 40.00 X 562178 0 274135 WECKESSER OLAF J CHIEF FINANCIAL & OPERATIONS OFFICER 40.00 X 383605 0 108779 COURCHESNE BENJAMIN ASST HEADMASTER, MIDDLE/UPPER SCHOOL 40.00 X 243424 0 168582 FAHEY DAVID DIRECTOR OF INST ADVANCEMENT 40.00 X 267312 0 135855 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 40.00 X 225760 0 35806 COTTINGHAM REID A DIRECTOR OF UPPER SCHOOL 40.00 X 220868 0 36469 SCHURDAK TAMARA DIRECTOR OF MIDDLE SCHOOL 40.00 X 230502 0 25755 SHRANK IAN S CHAIR 8.00 X X 0 0 0 HALIVOPOULOS E LORI VICE CHAIR 8.00 X X 0 0 0 GERMAIN LINCOLN TREASURER 4.00 X X 0 0 0 LEDERMAN STUART M SECRETARY 4.00 X X 0 0 0 PARK GRACE ASSISTANT SECRETARY 4.00 X X 0 0 0 BALMIR JANEENE TRUSTEE 2.00 X 0 0 0 BOOKBINDER DOUGLAS TRUSTEE 2.00 X 0 0 0 CHEN JIAYI TRUSTEE 2.00 X 0 0 0 ENG KEVIN D TRUSTEE 2.00 X 0 0 0 GREIG DAVID TRUSTEE 2.00 X 0 0 0 KALAFER JOSHUA TRUSTEE 2.00 X 0 0 0 KIM ALLEN TRUSTEE 2.00 X 0 0 0 LIPPER STEVEN M TRUSTEE 2.00 X 0 0 0 MASON CAROLYN TRUSTEE 2.00 X 0 0 0 MORGAN TWINKLE TRUSTEE 2.00 X 0 0 0 MORIARTY MELISSA TRUSTEE 2.00 X 0 0 0 NITABACH MICHAEL TRUSTEE 2.00 X 0 0 0 O'TOOLE MARY MARGARET TRUSTEE 2.00 X 0 0 0 OUZOUNIAN SOUREN TRUSTEE 2.00 X 0 0 0 OVERDECK LAURA TRUSTEE 2.00 X 0 0 0 PLOTKIN ADAM J TRUSTEE 2.00 X 0 0 0 PROCTER KATHARINE WYMAN TRUSTEE 2.00 X 0 0 0 REDDY PRASHANTH TRUSTEE 2.00 X 0 0 0 REEDER TYLER TRUSTEE 2.00 X 0 0 0 SANTANA MARGARET TRUSTEE 2.00 X 0 0 0 SARTORIUS KATHY TRUSTEE 2.00 X 0 0 0 THOMAS ANJU TRUSTEE 2.00 X 0 0 0 WILF JONANTHAN Z TRUSTEE 2.00 X 0 0 0 2133649 0 785381 147 0 1 0 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 STUDENT FOOD SERVICES 2903950 HENDRY CONSTRUCTION SERVICES INC 1160 ROUTE 202 SOUTH SOMERVILLE NJ 08876 CONSTRUCTION SERVICES 1673221 ATHLETIC FIELDS OF AMERICA 201 LITTON RD SUITE 220 MORRIS PLAINS NJ 07950 CONSTRUCTION SERVICES 1095623 KENSINGTON BUS COMPANY INC PO BOX 649 LEBANON NJ 08833 TRANSPORTATION SERVICES 971073 IBS - BUILDING SERVICES CONTRACTORS INC 36-06 43RD AVE LONG ISLAND CITY NY 11101 CLEANING SERVICES 905576 38 294804 8406802 1598203 8701606 TUITION AND FEES 611110 62185869 62185869 AUXILIARY SERVICES 611110 5179383 5179383 YEARBOOK 611110 23675 23675 DRAMA TICKET SALES 611110 18346 18346 67407273 2262781 21694 2241087 1948335 526392 1421943 1421943 1421943 31548890 43985 29002702 0 2546188 43985 2590173 2590173 338672 242008 96664 96664 SOLAR POWER PURCHASE AGREEMENT 900099 46982 46982 240960 240960 287942 82768382 67407273 21694 6637809 8352644 8352644 1247108 1247108 33020496 28124044 3137516 1758936 2437175 2084767 226445 125963 6144977 5346316 475635 323026 2419706 1965956 315844 137906 114042 114042 160978 160978 180000 180000 10834 10834 1800562 28730 1028998 742834 556733 556733 4829722 4700218 100911 28593 61897 61897 256663 256663 7027636 6881461 118064 28111 1296122 1269163 21775 5184 INSTRUCTIONAL 4444486 4444486 STUDENT FOOD SERVICE 2311243 2311243 STUDENT TRANSPORTATION 999499 999499 STUDENT ATHLETICS 742249 742249 1428137 964340 65726 398071 79842909 69028512 7203876 3610521 2033229 1765987 9862112 10930489 989297 2207574 43174997 44776397 238286 269669 274081 311757 166386185 102645840 62982075 63740345 34000262 48379859 87118583 84076363 6348342 5773400 247021264 262231840 7183890 7501368 54147404 56172386 10364967 9124586 237679 110706 71933940 72909046 X 76543176 78576254 98544148 110746540 175087324 189322794 247021264 262231840 X 2925473 11908676 34038 -632717 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 114190082 3092223 15160706 1803841 2149315 128489855 104719257 2114570 11297024 1847156 2093613 114190082 103097327 450496 5064410 1917436 1975540 104719257 120552464 5550302 -19334296 1800874 1870269 103097327 88488581 3682641 31795077 1584334 1829501 120552464 0.16413 0.29670 0.53917 0 0 6793643 6793643 139783198 86119894 53663304 18784084 15880374 2903710 1025260 645572 379688 63740345 ALTERNATIVE INVESTMENTS 82586783 F DEFERRED COMPENSATION INVESTMENTS 1489580 F 84076363 LEASE LIABILITIES 110706 110706 X 86314135 11908676 34038 -330165 11612549 74701586 180000 7886796 8066796 82768382 72078665 768400 768400 71310265 180000 8352644 8532644 79842909 PART V, LINE 4: THE CORPORATION RECEIVES GIFTS INTENDED TO PRODUCE INCOME IN PERPETUITY FOR THE SCHOOL TO FINANCE FACULTY SUPPORT, FINANCIAL AID, AS WELL AS GENERAL OPERATIONS. 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: THE CORPORATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -330,165. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,352,644. BAD DEBT AND DISCOUNT EXPENSE NETTED WITH CONTRIBUTIONS ON FINANCIAL STMTS 302,552. RECLASS FACILITY RENTAL DIRECT EXPENSES -526,392. RECLASS COST OF SALES -242,008. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FACILITY RENTAL DIRECT EXPENSES 526,392. RECLASS COST OF SALES 242,008. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,352,644. 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 ON THE HOMEPAGE OF ITS WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 53704548 0 0 0 0 0 0 53704548 0 53704548 1 0 1 1 1 0 PART I, LINE 3: INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE AND THE ACCOUNTING METHOD USED IS THE ACCRUAL BASIS, CONSISTENT WITH FINANCIAL STATEMENT REPORTING. SCHEDULE F, PART IV: LINE 1 - FORMS 926 ARE BEING FILED AS AN ATTACHMENT TO FORM 990-T. LINE 3 - THE ORGANIZATION'S OWNERSHIP INTEREST DURING THE FISCAL YEAR DOES NOT REQUIRE FILING OF FORM 5471. LINE 4 - THE ORGANIZATION'S ACTIVITY DURING THE FISCAL YEAR DOES NOT REQUIRE FILING OF FORM 8621. LINE 5 - FORMS 8865 ARE BEING FILED AS AN ATTACHMENT TO FORM 990-T. 1 NEED BASED FINANCIAL AID 267 8352644 0 PART I, LINE 2: ALL ASSISTANCE IS PROVIDED AS A SCHOLARSHIP TO PINGRY, NO FUNDS ARE PROVIDED DIRECTLY TO RECIPIENTS AND THEREFORE PROPER ALLOCATION TO INTENDED PURPOSE IS ENSURED. ALL FINANCIAL ASSISTANCE IS AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X 1 1 X X X X X 0 0 0 0 0 0 0 1 1 1 LEAR TIMOTHY P HEAD OF SCHOOL 505000 0 50000 0 7178 0 32558 0 241577 0 836313 0 0 0 WECKESSER OLAF J CHIEF FINANCIAL & OPERATIONS OFFICER 379758 0 0 0 3847 0 27776 0 81003 0 492384 0 0 0 COURCHESNE BENJAMIN ASST HEADMASTER, MIDDLE/UPPER SCHOOL 237500 0 0 0 5924 0 21338 0 147244 0 412006 0 0 0 FAHEY DAVID DIRECTOR OF INST ADVANCEMENT 242711 0 0 0 24601 0 20631 0 115224 0 403167 0 0 0 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 219380 0 0 0 6380 0 21694 0 14112 0 261566 0 0 0 COTTINGHAM REID A DIRECTOR OF UPPER SCHOOL 220647 0 0 0 221 0 20962 0 15507 0 257337 0 0 0 SCHURDAK TAMARA DIRECTOR OF MIDDLE SCHOOL 216651 0 0 0 13851 0 14879 0 10876 0 256257 0 0 0 PART I, LINE 1A THE HOUSING IS PROVIDED ON CAMPUS, FURNISHED FOR THE CONVENIENCE OF THE EMPLOYER, AND IS A REQUIRED CONDITION OF EMPLOYMENT. AS SUCH, IT IS NOT REPORTED AS TAXABLE COMPENSATION. FOR TIMOTHY P. LEAR, HEAD OF SCHOOL, $60,000 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 7 THE HEAD OF SCHOOL RECEIVED A DISCRETIONARY NON-FIXED BONUS PAYMENT DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 8 COMPENSATION FOR TIMOTHY P. LEAR, HEAD OF SCHOOL, IS SUBJECT TO AN INITIAL WRITTEN EMPLOYMENT AGREEMENT FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2025. A PUBLIC FINANCE AUTHORITY SERIES 2015 A & B 273866124 2015-02-17 20500000 SEE PART VI 0 0 0 A 11328102 20500000 12892074 7607926 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 PART I, LINE A, COLUMN F & PART II, LINE 14: DESCRIPTION OF PURPOSE: TO FUND CAMPUS IMPROVEMENTS ($12,892,074) AND TO REFUND 11/1/2012 NJEDA BONDS ($7,607,926). PART IV, LINE 2C, COLUMN A: IN THE OPINION OF BOND COUNSEL, ALL GROSS PROCEEDS OF THE BONDS SUBJECT TO THE ARBITRAGE REBATE REQUIREMENT IMPOSED UNDER IRC SECTION 148(F) HAVE BEEN EXPENDED PRIOR TO THE REBATE COMPUTATION DATE AND NO ARBITRAGE REBATE AMOUNT IS DUE. X 25 1317003 FAIR MARKET VALUE X EQUIPMENT 1 281200 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT FOR THE BOARD OF TRUSTEES AND CONSISTS OF THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO INDICATE THAT TRUSTEES CANNOT BE ELECTED TO THE BOARD OF TRUSTEES FOR MORE THAN SIX CONSECUTIVE YEARS, EXCEPT THAT THIS RESTRICTION SHALL NOT APPLY SO LONG AS A TRUSTEE IS SERVING AS AN OFFICER OF THE BOARD OF TRUSTEES OR IS THE CHAIR, CO-CHAIR OR VICE CHAIR OF A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT AND THEN A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO MANAGEMENT TO PROVIDE TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AT THAT POINT, THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE DRAFT FORM 990 AND DIRECTS COMMENTS AND RECOMMENDATIONS TO MANAGEMENT. ONCE ALL COMMENTS AND RECOMMENDATIONS HAVE BEEN ADDRESSED AND CHANGES HAVE BEEN MADE, THE FORM 990 IS APPROVED BY THE AUDIT COMMITTEE AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES, HEAD OF SCHOOL, AND CHIEF FINANCIAL OFFICER DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. THE POTENTIAL CONFLICTS ARE REPORTED TO THE HEAD OF THE COMMITTEE ON TRUSTEES. THE EXECUTIVE COMMITTEE MAKES FINAL DETERMINATION AS TO WHETHER A CONFLICT EXISTS. WHEN A CONFLICT ARISES, THE INDIVIDUAL WILL NOT VOTE ON THE CONTRACT OR TRANSACTION OR EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE OF MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES USING COMPARABLE BENCHMARKING INFORMATION FROM NAIS, NJAIS, & INDEX. THE DELIBERATION BY THE EXECUTIVE COMMITTEE AND APPROVAL BY THE BOARD IS DOCUMENTED IN EACH COMMITTEE'S MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. COMPENSATION FOR THE CHIEF FINANCIAL AND OPERATIONS OFFICER IS DETERMINED BY THE HEAD OF SCHOOL USING COMPARABLE BENCHMARKING INFORMATION FROM NAIS, NJAIS, & INDEX. THE DETERMINATION AND APPROVAL PROCESS IS DOCUMENTED IN PERSONNEL FILES WITH HUMAN RESOURCES. 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 -330,165. BAD DEBT AND DISCOUNT EXPENSE NETTED WITH CONTRIBUTIONS ON FINANCIAL STMTS -302,552. CHARITABLE REMAINDER TRUST CHARITABLE SUPPORT NJ T 0 CHARITABLE LEAD ANNUITY TRUST (2) CHARITABLE SUPPORT NJ T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0