2024-05-14T09:52:03-05:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 210639868 THE HUN SCHOOL OF PRINCETON HUNS 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 STEFANIE CONNELL CFO 6099217600 2024-05-10 1 STEFANIE CONNELL 999009999 1 MATTHEW PETROSKI P00853132 9257902600 2024-05-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEFANIE CONNELL 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 55821275 0 X WWW.HUNSCHOOL.ORG X 1943 NJ TO EMPOWER EACH STUDENT TO THRIVE IN A DIVERSE & EVERCHANGING WORLD BY NURTURING RESILIENTCHARACTER, PROVIDING INDIVIDUAL MENTORSHIP & INSPIRING VIGOROUS & JOYFUL LEARNING 24 24 340 200 0 0 2459524 5358457 34720977 37540876 2797098 1617604 363758 210546 40341357 44727483 5840518 4978039 0 0 21027083 23461014 16500 3000 1928174 13818167 14025215 40702268 42467268 -360911 2260215 78689879 83284332 29823291 30324373 48866588 52959959 THE HUN SCHOOL OF PRINCETON EMPOWERS EACH STUDENT TO THRIVE IN A DIVERSE AND EVERCHANGING WORLD, BY NURTURING RESILIENT CHARACTER, PROVIDING INDIVIDUAL MENTORSHIP AND INSPIRING VIGOROUS AND JOYFUL LEARNING. 0 0 36396274 4978039 37649070 PROVIDED DAY AND RESIDENTIAL SECONDARY EDUCATION FOR GRADES SIX THROUGH TWELVE FOR 690 STUDENTS. IN ADDITION, PROVIDED A SIX-WEEK DAY SUMMER PROGRAM FOR OVER 500 STUDENTS. 36396274 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 1 0 0 0 0 0 0 0 1 109 0 1 340 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X STEFANIE CONNELL 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 JONATHAN G BROUGHAM HEAD OF SCHOOL 40.00 X 467740 0 153799 STEFANIE J CONNELL CHIEF FINANCIAL & OPERATIONS OFFICER 40.00 X 259439 0 22152 STEVEN C BRISTOL ASST HEAD OF SCHOOL FOR ENROLLMENT MGMT 40.00 X 200963 0 42024 RYAN K HEWS HEAD OF UPPER SCHOOL 40.00 X 201401 0 24732 ALEXIS BROCK CHIEF ADVANCEMENT OFFICER 40.00 X 192758 0 16807 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 40.00 X 174941 0 27838 JOHN M CHAYKOWSKY DIRECTOR OF OPERATION 40.00 X 171936 0 24232 WILLIAM QUIRK JR CO-ATHLETIC DIRECTOR (THRU 6/22) 40.00 X 166126 0 20718 STEPHEN T WILLS PRESIDENT 1.00 X X 0 0 0 SUSAN MCGLORY MICHEL VICE PRESIDENT 1.00 X X 0 0 0 MARIANNE DEANE TREASURER 1.00 X X 0 0 0 LEAH T RICCI SECRETARY 1.00 X X 0 0 0 NIKKI ALPERT BOARD MEMBER 1.00 X 0 0 0 EDWARD BREEN BOARD MEMBER 1.00 X 0 0 0 MICHAEL DIVERIO BOARD MEMBER 1.00 X 0 0 0 CHRISTIANA FOGLIO BOARD MEMBER 1.00 X 0 0 0 PETER J FONSECA BOARD MEMBER 1.00 X 0 0 0 JOHNNY TY FUNG BOARD MEMBER 1.00 X 0 0 0 XAVIER GOSS BOARD MEMBER 1.00 X 0 0 0 KERRY KANDEL BOARD MEMBER 1.00 X 0 0 0 SCOTT LANDIS BOARD MEMBER 1.00 X 0 0 0 BRIAN C LOGUE BOARD MEMBER 1.00 X 0 0 0 ANDREW H MONFRIED BOARD MEMBER 1.00 X 0 0 0 HERMAN PENNER BOARD MEMBER 1.00 X 0 0 0 LEIGH ANN PETERSON BOARD MEMBER 1.00 X 0 0 0 MICHAEL J RENNA BOARD MEMBER 1.00 X 0 0 0 DANNER RIEBE BOARD MEMBER 1.00 X 0 0 0 ERIC P ROSENBLUM BOARD MEMBER 1.00 X 0 0 0 ROBERT SIEGEL BOARD MEMBER 1.00 X 0 0 0 WAYNE SLAPPY BOARD MEMBER 1.00 X 0 0 0 FELICIA SPITZ BOARD MEMBER 1.00 X 0 0 0 ALICIA KLOSOWSKI TILLMAN BOARD MEMBER 1.00 X 0 0 0 1835304 0 332302 37 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 2213204 SHEARON ENVIRONMENTAL DESIGN OF NJ 5160 MILITIA HILL ROAD PLYMOUTH MEETING PA 19462 GROUNDS MAINTENANCE 668900 C RAYMOND DAVIS & SONS INC PO BOX 157 KIMBERTON PA 194420157 CONSTRUCTION SERVICES 603635 FAEGRE DRINKER BIDDLE & REATH PO BOX 536777 PITTSBURGH PA 15253 LEGAL 128369 STOUT'S 20 IRVEN STREET EWING NJ 08638 TRANSPORTAION 126024 5 76837 5281620 51548 5358457 TUITION & FEES 611600 36913593 36913593 SUMMER TUITION 611600 538693 538693 STUDENT FEES 611600 88590 88590 37540876 853801 853801 265508 102894 162614 162614 162614 11429563 10665760 763803 763803 763803 22191 76837 22191 0 9230 5389 3841 3841 233455 297558 -64103 -64103 OTHER REVENUE 900099 108194 108194 108194 44727483 37649070 0 1719956 4978039 4978039 954960 188585 409763 356612 16785568 14370651 1632143 782774 1046388 907528 95548 43312 3405387 2851827 361752 191808 1268711 1055001 138701 75009 62086 52578 6361 3147 70115 70115 3000 3000 201192 201192 617599 405028 141374 71197 247425 78336 164448 4641 964345 886498 33902 43945 442608 375852 41595 25161 1496693 1449473 17180 30040 929345 842118 74472 12755 529180 470767 49392 9021 3450456 3118579 262023 69854 316122 280549 26013 9560 FOOD 2001294 2001294 SPECIAL PROGRAMS 1190856 1056836 134020 REPAIRS & MAINTENANCE 1109125 1007350 77621 24154 OTHER EXPENSES 396774 19385 339225 38164 42467268 36396274 4142820 1928174 13840 11945 4933983 5662736 946680 3793465 627981 509049 20650 14743 878553 758177 86669686 45102758 41693188 41566928 28712072 30714550 274056 588876 252739 78689879 83284332 2596508 4096373 6050541 7150397 19735897 19020860 45888 1394457 56743 29823291 30324373 X 36999409 35083829 11867179 17876130 48866588 52959959 78689879 83284332 2260215 1833156 0 X 0 1 X 1 0 X 6278679 2350885 5746731 2459524 5358457 22194276 6278679 2350885 5746731 2459524 5358457 22194276 5268728 16925548 1049568 1058042 716481 867460 1119309 4810860 0 5620 0 0 3841 9461 257691 231875 80208 157079 233455 960308 27974905 168609592 0.60500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29101647 214929 3090915 1409000 30998491 33766257 307947 -3411107 1311700 249750 29101647 29644826 130549 6513615 2299137 223596 33766257 27263933 1023851 1577448 220406 29644826 25627067 794991 2071772 1006460 223437 27263933 0.56236 0.43764 0.00000 0 0 1372919 1372919 70171836 33056945 37114891 9596574 8214732 1381842 5528357 3831081 1697276 41566928 STUDENT DEPOSITS 514 ENROLLMENT DEPOSITS 56229 56743 X 41519902 1833156 8020 -4978039 -3136863 44656765 201192 -130474 70718 44727483 37426531 8020 130474 138494 37288037 201192 4978039 5179231 42467268 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS, FACULTY SALARIES AND PROFESSIONAL DEVELOPMENT, STUDENT PROGRAMS AND OTHER RESTRICTED SUPPORT, AS WELL AS FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. APPROPRIATIONS OF EARNINGS FROM THE ENDOWMENT ARE USED TO SUPPORT THE FUNDS' RESTRICTED PURPOSE OR ANNUAL OPERATING BUDGET. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. 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 POLICY IS INCLUDED IN BROCHURES, CATALOGUES AND WRITTEN COMMUNICATIONS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. THE SCHOOL ALSO PROMINENTLY PLACES THEIR POLICY ON THE BOTTOM OF EVERY PAGE OF THEIR WEBSITE, INCLUDING THE MAIN LANDING PAGE, AT WWW.HUNSCHOOL.ORG. GALA 99028 76837 22191 3871 475 17845 99028 76837 22191 3871 475 17845 22191 0 1 FINANCIAL AID 216 4978039 FMV CREDIT TO STUDENT'S ACCOUNT PART I, LINE 2: THE SCHOOL USES A THIRD-PARTY TO COLLECT APPLICATIONS, ANALYZE NEED, AND VERIFY A FAMILY'S ELIGIBILITY FOR FINANCIAL AID. THE THIRD-PARTY SYSTEM PROVIDES THE SCHOOL A MAXIMUM AMOUNT OF AID IT SHOULD CONSIDER PROVIDING THE APPLICANT BASED ON A STANDARD FORMULA AND SET OF CRITERIA APPLIED UNIVERSALLY TO ALL APPLICANTS. THE SCHOOL'S FINANCIAL AID COMMITTEE REVIEWS THE RESULTS OF THE ANALYSIS AND MAKES AWARDS BASED ON NEED AND AVAILABILITY OF FUNDS. THE SCHOOL'S THIRD-PARTY HOUSES ALL FINANCIAL AID APPLICATIONS, INCLUDING RELATED DATA AND RESULTS, WITHIN THEIR SECURE SOFTWARE PLATFORM. X X 1 1 X X 1 0 0 0 0 0 0 1 0 JONATHAN G BROUGHAM HEAD OF SCHOOL 407740 0 60000 0 0 0 42375 0 111424 0 621539 0 0 0 STEFANIE J CONNELL CHIEF FINANCIAL & OPERATIONS OFFICER 243524 0 15915 0 0 0 18130 0 4022 0 281591 0 0 0 STEVEN C BRISTOL ASST HEAD OF SCHOOL FOR ENROLLMENT M 200963 0 0 0 0 0 15491 0 26533 0 242987 0 0 0 RYAN K HEWS HEAD OF UPPER SCHOOL 184839 0 0 0 16562 0 14117 0 10615 0 226133 0 0 0 ALEXIS BROCK CHIEF ADVANCEMENT OFFICER 192758 0 0 0 0 0 14396 0 2411 0 209565 0 0 0 KENNETH J WEINSTEIN HEAD OF MIDDLE SCHOOL 174941 0 0 0 0 0 13196 0 14642 0 202779 0 0 0 JOHN M CHAYKOWSKY DIRECTOR OF OPERATION 171936 0 0 0 0 0 13905 0 10327 0 196168 0 0 0 WILLIAM QUIRK JR CO-ATHLETIC DIRECTOR (THRU 6/22) 89001 0 0 0 77125 0 9812 0 10906 0 186844 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED A NONTAXABLE HOUSING BENEFIT UNDER IRC 119 FOR ON-CAMPUS HOUSING WHERE HE IS REQUIRED TO LIVE AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ESTIMATED FMV VALUE OF THE NONTAXABLE BENEFIT OF $90,000 IS INCLUDED ON SCHEDULE J, PART II, COLUMN (D). THE HEAD OF UPPER SCHOOL RECEIVED A TAXABLE HOUSING BENEFIT OF $16,562 SHOWN ON SCHEDULE J, PART II, COLUMN (B)(III). THE SCHOOL PAYS FOR A CLUB MEMBERSHIP FOR THE HEAD OF SCHOOL IN ORDER FOR THE SCHOOL TO HOST SCHOOL FUNCTIONS, AND IS TREATED AS NON-TAXABLE INCOME AS THE MEMBERSHIP IS NOT FOR PERSONAL USE. PART I, LINE 4A WILLIAM QUIRK, CO-ATHLETIC DIRECTOR RECIVED A $77,125 SEVERANCE PAYMENT. PART I, LINE 7 JONATHAN BROUGHAM, HEAD OF SCHOOL AND STEFANIE CONNELL, CHIEF FINANCIAL AND OPERATIONS OFFICER, RECIEVED DISCRETIONARY NON-FIXED BONUS PAYMENTS OF $60,000 AND $15,915 DURING THE 2022 YEAR-END. A PUBLIC FINANCE AUTHORITY 273866124 2021-11-23 27457426 BOND REFINANCE & CONSTRUCTION 0 0 0 A 710616 27457426 279145 19678281 7500000 2021 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 6 2200 FMV X 6669 FMV X 5 22825 FMV X 1 2380 FMV X 4 1920 FMV X GIFT CERTIFICATES 32 9304 FMV X GIFTS & EVENT TICKETS 6 5210 FMV X SPORTS EQUIPMENT 2 1040 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED, NOT THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE SCHOOL USED A THIRD PARTY VENDOR, GIVESMART, TO ASSIST WITH THEIR VIRTUAL EVENT SOLUTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL MODIFIED THEIR BYLAWS TO INCLUDE THE COMPOSITION AND PROCEDURES REGARDING THE ADDITION OF AN AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO FILING THE RETURN. THE ORGANIZATION RETAINED THE SERVICES OF A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH EDUCATION AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S CFO TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S CFO FOR HER REVIEW. THE CFO REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. THE CPA FIRM PREPARED A FINAL DRAFT OF THE FEDERAL FORM 990 FOR HER REVIEW AND APPROVAL. FOLLOWING CFO APPROVAL, A COPY OF THE FINAL DRAFT IS PROVIDED TO THE GOVERNING BODY AND THEIR APPROVAL IS SECURED PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S HUMAN RESOURCES DIRECTOR REVIEWS THE SCHOOL'S EMPLOYEE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THE SCHOOL'S ATTORNEY DRAFTS AND PERIODICALLY REVIEWS THE SCHOOL'S BOARD CONFLICT OF INTEREST POLICY. SENIOR LEVEL ADMINISTRATIVE EMPLOYEES AND ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. THE SCHOOL'S HUMAN RESOURCES DIRECTOR, CFO, HEAD OF SCHOOL, AND IF WARRANTED, THE CHAIR OF THE BOARD AND EXECUTIVE COMMITTEE REVIEW AND RESPOND TO EMPLOYEE DISCLOSURE STATEMENTS. THE SCHOOL'S ADMINISTRATIVE SECRETARY, HEAD OF SCHOOL, BOARD CHAIR, AND IF WARRANTED, THE EXECUTIVE COMMITTEE REVIEW AND RESPOND TO BOARD DISCLOSURE STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE FORMALLY REVIEWS THE HEAD OF SCHOOL'S PERFORMANCE ANNUALLY, AS WELL AS INFORMALLY THROUGHOUT THE SCHOOL YEAR. THE HEAD OF SCHOOL HAS A THREE-YEAR WRITTEN EMPLOYMENT CONTRACT THAT OUTLINES SALARY INCREASES, BENEFIT LEVELS AND PERFORMANCE BONUS CRITERIA. EVERY THREE YEARS THE EXECUTIVE COMMITTEE, WITH THE ASSISTANCE OF THE SCHOOL'S ATTORNEY, REVIEWS PEER BENCHMARK DATA PREPARED BY THE CFO TO DETERMINE FAIR COMPENSATION INCREASES USED TO CRAFT A NEW HEAD OF SCHOOL THREE-YEAR CONTRACT. SENIOR LEVEL ADMINISTRATIVE EMPLOYEES ARE BENCHMARKED ANNUALLY BY THE HUMAN RESOURCES DIRECTOR, WHO WORKS WITH THE HEAD OF SCHOOL TO DETERMINE FAIR COMPENSATION INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.