2023-05-11T16:35:35-05:00 2022-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2021-07-01 210634503 THE LAWRENCEVILLE SCHOOL LAWR 6098952157 PO BOX 6126 LAWRENCEVILLE NJ 08648 JOYE NAGLE DIR OF FINANCE & CONTROLLER 6098952157 2023-05-10 1 JOYE NAGLE 999009999 LAURA KIELCZEWSKI P00740769 9592007000 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHEN S MURRAY PO BOX 6126 LAWRENCEVILLE NJ 08648 350759600 0 X WWW.LAWRENCEVILLE.ORG X 1810 NJ THROUGH HOUSE AND HARKNESS, THE LAWRENCEVILLE SCHOOL CHALLENGES A DIVERSE COMMUNITY OF PROMISING YOUNG PEOPLE TO LEAD LIVES OF LEARNING, INTEGRITY, AND HIGH PURPOSE. OUR MISSION IS TO INSPIRE THE BEST IN EACH TO SEEK THE BEST FOR ALL. 28 27 648 270 1586173 0 44970407 24418782 53404475 55916227 20326796 14109880 181550 705694 118883228 95150583 15319525 15477293 0 0 43219392 44144087 13500 21333 7726326 40384747 37011028 98937164 96653741 19946064 -1503158 1115399445 1058874200 107758457 121130656 1007640988 937743544 THROUGH HOUSE AND HARKNESS, THE LAWRENCEVILLE SCHOOL CHALLENGES A DIVERSE COMMUNITY OF PROMISING YOUNG PEOPLE TO LEAD LIVES OF LEARNING, INTEGRITY, AND HIGH PURPOSE. OUR MISSION IS TO INSPIRE THE BEST IN EACH TO SEEK THE BEST FOR ALL. 0 0 65030359 15477293 55747346 STUDENT SERVICES: IN 1936, EDUCATIONAL PHILANTHROPIST EDWARD S. HARKNESS HELPED LAWRENCEVILLE RECONFIGURE THE SCHOOL'S CLASSROOMS AROUND OVAL 'HARKNESS' TABLES THAT REPLACED LECTURE AND MEMORIZATION WITH SHARED INQUIRY AND DISCOVERY.BY CONNECTING THE RIGOROUS INTELLECTUAL CULTURE AROUND THE HARKNESS TABLE TO OUTSTANDING EXPERIENTIAL AND EXTRACURRICULAR OPPORTUNITIES SPANNING ACADEMIC, ATHLETIC, ARTISTIC, CULTURAL, SCIENTIFIC, SERVICE, AND SOCIAL ENDEAVORS, LAWRENCEVILLE DEEPENS UNDERSTANDING, REINFORCES SELF-CONFIDENCE, SPAWNS CREATIVITY, AND FOSTERS INITIATIVE AND LEADERSHIP. CONTINUATION OF LINE 4A:WE EMPOWER STUDENTS TO LEARN AND THINK FOR THEMSELVES, AND TO SUBJECT PRELIMINARY UNDERSTANDING TO CRITICAL REVIEW. LAWRENCEVILLE ENCOURAGES STUDENTS TO PUT IN THE WORK, PURSUE THEIR PASSIONS, AND DEVELOP THEIR TALENTS, INSPIRING THE BEST IN EACH TO SEEK THE BEST FOR ALL. 65030359 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 146 1 1 648 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO KY MA MD MI NH NY OH OK OR SC WA X JOYE NAGLE 6098952157 PO BOX 6126 LAWRENCEVILLE NJ 08648 BRASWELL PORTER TRUSTEE 2.00 X 0 0 0 BRODY HYMAN J TRUSTEE 2.00 X 0 0 0 BROWN WHITNEY HAILAND TRUSTEE 2.00 X 0 0 0 CAHILL VINCENT J TRUSTEE 2.00 X 0 0 0 FANG JEAN S TRUSTEE 2.00 X 0 0 0 FRUMKIN JOSEPH B TRUSTEE 2.00 X 0 0 0 GAW GOODWIN TRUSTEE 2.00 X 0 0 0 GRISWOLD BENJAMIN H TRUSTEE 2.00 X 0 0 0 HOWELL LAWRENCE D II TRUSTEE 2.00 X 0 0 0 KIRBY JEFFERSON TRUSTEE 2.00 X 0 0 0 LARSEN MARK M TRUSTEE 2.00 X 0 0 0 MABRY MARCUS B TRUSTEE 2.00 X 0 0 0 MARIO JEREMY K TRUSTEE 2.00 X 0 0 0 MELLET CELESTE M VICE PRESIDENT 2.00 X X 0 0 0 MURRAY STEPHEN S HEAD OF SCHOOL, ASST. SECRETARY 40.00 X X 657238 0 453636 ROBBINS WILLIAMS TRUSTEE 2.00 X 0 0 0 SCHANKLER CORRENTE TRUSTEE 2.00 X 0 0 0 SHAW LEUCRETIA BROWN TRUSTEE 2.00 X 0 0 0 STAIKOS JENNIFER RIDLEY TRUSTEE 2.00 X 0 0 0 TAPIERO DANIEL M TRUSTEE 2.00 X 0 0 0 TATUM LISA MSKEETE TRUSTEE 2.00 X 0 0 0 TSAI JOSEPH C TRUSTEE 2.00 X 0 0 0 VISWANATHAN MEERA S PHD TRUSTEE 2.00 X 0 0 0 VOLPP KEVIN G PHD TRUSTEE 2.00 X 0 0 0 VORIS ALEXANDRA BUCKLEY TRUSTEE 2.00 X 0 0 0 WALDRON JOHN E TRUSTEE 2.00 X 0 0 0 WEISS JONATHAN G PRESIDENT 2.00 X X 0 0 0 GOODRICH CHRISTINA DIRECTOR OF FINANCE 40.00 X 166811 0 36094 HAMMOND BENJAMIN C CFO/SECRETARY/TREASURER 40.00 X 294732 0 303383 ISAACSON MARCIA GENERAL COUNSEL, ASST. SECRETARY 40.00 X 222014 0 39400 BARNES MARY KATE DIR OF ADVANCEMENT/ASST HOS 40.00 X 336945 0 166182 BUCKLES GREGORY DEAN OF ENROLLMENT MANAGEM 40.00 X 323472 0 93866 CUNNINGHAM JOHN C ASST HOS 40.00 X 193795 0 130477 DEVINE PETER CHIEF OPERATIONS OFFICER 40.00 X 231708 0 268436 KOSOFF EMILIE DEAN OF FACULTY 40.00 X 164778 0 129017 SCOTT MARQUIS ASST HOS/CHIEF TECH OFFICE 40.00 X 183491 0 127132 CARTER GREGORY ASST. DIR. OF ADVANCEMENT 40.00 X 178115 0 84334 GRAHAM ERIN DIRECTOR OF DEVELOPMENT 40.00 X 191628 0 71137 HOLIFIELD MARSHALL DIRECTOR OF DIVERSITY, EQUITY, AND INCLUSION 40.00 X 382648 0 20965 KRAUT BRUCE MEDICAL DIRECTOR 40.00 X 195657 0 228330 MUNTZ JERRY DIRECTOR OF PLANNED GIVING 40.00 X 179680 0 36459 3902712 0 2188848 56 0 1 0 THE ALBERT M HIGLEY CO LLC 3636 EUCLID AVE CLEVELAND OH 44115 CONSTRUCTION 44031988 VJ SCOZZARI & SONS INC 84 ROUTE 31 NORTH SUITE 201 PENNINGTON NJ 08534 CONSTRUCTION 4041799 SUSTAINABLE FARE-DINING PO BOX 543 ISLAND HEIGHTS NJ 08732 FOOD SERVICES 3433569 SASAKI ASSOCIATES 64 PLEASANT STREET WATERTOWN MA 02472 CONSTRUCTION DESIGN 2113951 L & A TENT RENTALS 200 B WHITEHEAD RD HAMILOTON NJ 08619 TENT RENTALS 976992 45 24418782 687970 24418782 TUITION AND FEES 611600 55317091 55317091 AUXILIARY PROGRAMS 713940 599136 599136 55916227 1929069 1929069 121459 9625 111834 111834 111834 267222142 255041331 12180811 12180811 1325025 10855786 389180 558061 -168881 -168881 SUMMER CAMP PROGRAMS 713940 149253 149253 ICE RINK 713940 111895 111895 501593 501593 762741 95150583 55747346 1586173 13398282 81723 81723 15395570 15395570 3894361 668648 2485548 740165 28093131 17177880 7148021 3767230 2993320 1169452 1501452 322416 6940280 4243601 1633902 1062777 2222995 1304722 543729 374544 397962 396361 1601 138640 138640 21333 21333 5158269 5158269 2155537 1548043 528353 79141 133744 2237 19564 111943 2942553 2354669 446393 141491 1841465 1065938 502134 273393 3213807 2966263 220219 27325 1355007 1048792 187266 118949 155288 118879 31246 5163 809035 746719 55437 6879 8687836 8018652 595316 73868 664210 613049 45514 5647 FOOD SERVICES 3446712 3181227 236179 29306 COVID EXPENSES 1682555 284586 1397383 586 NONCAPITALIZED REPAIR & 1058692 977146 72545 9001 EVENTS 762008 346268 112879 302861 2407708 1716295 440706 250707 96653741 65030359 23897056 7726326 37966563 46765292 21143320 31275859 82387846 65998902 5654914 1269483 209320 146098 3507360 3188061 117159 65412 870217 909813 351972073 186156869 169366538 165815204 244046382 140765924 500040681 490215984 50089145 112458168 1115399445 1058874200 24376516 27019440 17289811 17476872 49055011 42280520 1104886 948668 15932233 33405156 107758457 121130656 X 275520304 291053468 732120684 646690076 1007640988 937743544 1115399445 1058874200 X -1503158 -66871974 -1522312 X 0 1 X 1 0 X 44129332 35961902 75926880 44970407 24418782 225407303 44129332 35961902 75926880 44970407 24418782 225407303 61529608 163877695 3387824 4803894 4360226 3616843 2050528 18219315 1320655 999355 1457819 644360 1586173 6008362 371652 407876 276307 501593 1557428 251192408 268402122 0.65240 0.44880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 371,652. 2018 AMOUNT: $ 407,876. 2020 AMOUNT: $ 276,307. 2021 AMOUNT: $ 501,593. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 680569360 14869211 -57150440 6990129 13544591 617753411 497998599 13226950 189985196 6915638 13725747 680569360 500296563 7687157 12146340 6658988 15472473 497998599 475671199 18613216 25818526 6745655 13060723 500296563 441353149 10040986 44108748 6579593 13252091 475671199 0.24000 0.46000 0.30000 0 0 9929702 9929702 293601237 163459968 130141269 48441134 22696901 25744233 165815204 HEDGE FUNDS 174626119 F LIMITED PARTNERSHIPS 290910525 F GLOBAL EX U.S. EQUITY 24679340 F 490215984 CONSTRUCTION IN PROGRESS 112149416 SECURITY DEPOSITS 308752 112458168 LIABILITY UNDER SPLIT-INTEREST AGREEMENTS 2635499 ASSET RETIREMENT OBLIGATION 966116 LONG-TERM DEBT 29803541 33405156 X 6596159 -66871974 -17091867 -83963841 90560000 5158269 -567686 4590583 95150583 76493603 567686 567686 75925917 5158269 15569555 20727824 96653741 PART III, LINE 1A: 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 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). THE EXHIBITIONS AND PROGRAMS OF THE GALLERIES, WHICH INCLUDE AN ADDITIONAL FIVE TO SIX EXHIBITS OF WORK NOT PART OF THE SCHOOL'S COLLECTIONS, ARE INTENDED TO INSPIRE AND CHALLENGE THE SCHOOL COMMUNITY WHILE OFFERING A RESOURCE FOR TEACHING IN ALL DISCIPLINES. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF 788 FUNDS AS OF JUNE 30, 2022 THAT HAVE BEEN ESTABLISHED BY DONORS AND THE SCHOOL TO SUPPORT SCHOLARSHIP AID, FACULTY COMPENSATION, BUILDING MAINTENANCE AND OTHER GENERAL OPERATIONS. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR INCOME TAX PROVISIONS INCLUDED IN ASC 740, WHICH PRESCRIBES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN THE FINANCIAL STATEMENTS. TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD TO BE RECOGNIZED. THE SCHOOL MONITORS AND ASSESSES ITS TAX POSITIONS THROUGHOUT THE YEAR AND BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -862,281. NET APPRECIATION IN FAIR VALUE OF INTEREST RATE SWAPS -660,031. SCHOLARSHIP AID -15,569,555. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -558,061. RENTAL EXPENSES -9,625. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 558,061. RENTAL EXPENSES 9,625. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 15,569,555. 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 LAWRENCEVILLE SCHOOL IS EXEMPT FROM THIS PUBLICITY REQUIREMENT PER SECTION 4.03.2.B. NONETHELESS, LAWRENCEVILLE PUBLISHED A QUALIFYING PRINT ADVERTISEMENT THROUGH NJAIS DURING THE PERIOD. LAWRENCEVILLE'S NONDISCRIMINATION POLICY MAY ALSO BE FOUND ON THE SCHOOL'S WEBSITE. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 6276522 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 229382482 0 0 0 0 0 0 235659004 0 235659004 1 0 1 1 1 0 PART I, LINE 2: THROUGH THE HARKNESS PROGRAM, THE LAWRENCEVILLE SCHOOL IS DEDICATED TO ENSURING THAT EVERY STUDENT HAS THE OPPORTUNITY TO HAVE A MEANINGFUL AND AUTHENTIC EXPERIENCE ABROAD TIED TO OUR CURRICULUM, SERVICE PROGRAMS OR OTHER CO-CURRICULAR INITIATIVES. INHERENT IN SUCH A PROGRAM IS A DESIRE TO 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 HARKNESS TRAVEL PROGRAM IS TO CREATE MORE RESPONSIBLE, GLOBAL CITIZENS THROUGH A CREATIVE AND HOLISTIC APPROACH TO LEARNING. PART I, LINE 3: THE SCHOOL'S EXPENDITURES ARE RECORDED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: PART I, LINE 3 (D) INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO. X X X X X X 1 RONALD A JOYCE FUNDRAISING CONSULTANT 309 OAKWOOD DRIVE YARMOUTH ME 04096 CAMPAIGN CONSULTING 0 0 21333 0 21333 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 LAWRENCE TOWNSHIP EDUCATION FOUNDATION PO BOX 6531 LAWRENCEVILLE NJ 08648 223192024 501(C)(3) 76023 0 ANNUAL DONATION FOR GENERAL SUPPORT 1 STUDENT SCHOLARSHIPS 265 15395570 PART I, LINE 2: THE LAWRENCEVILLE SCHOOL USES SCHOOL AND STUDENT SERVICES (SSS) TO PROCESS SCHOLARSHIP 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, X X X 1 1 X X X X 1 1 0 0 0 0 0 1 0 MURRAY STEPHEN S HEAD OF SCHOOL, ASST. SECRETARY 518644 0 105000 0 33594 0 161250 0 292386 0 1110874 0 0 0 HAMMOND BENJAMIN C CFO/SECRETARY/TREASURER 270232 0 5000 0 19500 0 85625 0 217758 0 598115 0 0 0 BARNES MARY KATE DIR OF ADVANCEMENT/ASST HOS 313445 0 5000 0 18500 0 85625 0 80557 0 503127 0 0 0 DEVINE PETER CHIEF OPERATIONS OFFICER 226708 0 5000 0 0 0 80004 0 188432 0 500144 0 0 0 KRAUT BRUCE MEDICAL DIRECTOR 185657 0 10000 0 0 0 26742 0 201588 0 423987 0 0 0 BUCKLES GREGORY DEAN OF ENROLLMENT MANAGEM 218472 0 105000 0 0 0 23125 0 70741 0 417338 0 0 0 HOLIFIELD MARSHALL DIRECTOR OF DIVERSITY, EQUITY, AND I 83645 0 5000 0 294003 0 10625 0 10340 0 403613 0 0 0 CUNNINGHAM JOHN C ASST HOS 168795 0 5000 0 20000 0 23596 0 106881 0 324272 0 0 0 SCOTT MARQUIS ASST HOS/CHIEF TECH OFFICE 178491 0 5000 0 0 0 23726 0 103406 0 310623 0 0 0 KOSOFF EMILIE DEAN OF FACULTY 134778 0 30000 0 0 0 17500 0 111517 0 293795 0 0 0 GRAHAM ERIN DIRECTOR OF DEVELOPMENT 129200 0 0 0 62428 0 62041 0 9096 0 262765 0 0 0 CARTER GREGORY ASST. DIR. OF ADVANCEMENT 176449 0 0 0 1666 0 43664 0 40670 0 262449 0 0 0 ISAACSON MARCIA GENERAL COUNSEL, ASST. SECRETARY 206014 0 16000 0 0 0 26008 0 13392 0 261414 0 0 0 MUNTZ JERRY DIRECTOR OF PLANNED GIVING 179680 0 0 0 0 0 22731 0 13728 0 216139 0 0 0 GOODRICH CHRISTINA DIRECTOR OF FINANCE 166811 0 0 0 0 0 21212 0 14882 0 202905 0 0 0 PART I, LINE 1B OCCUPANCY OF CAMPUS HOUSING IS REQUIRED FOR CERTAIN EMPLOYEES AS A CONDITION OF EMPLOYMENT. SINCE THIS CONDITION IS FOR THE SCHOOL'S BENEFIT, IT IS TREATED AS A NON-TAXABLE BENEFIT TO THE EMPLOYEE, PER SECTION P.L. 115-97 OF THE IRS CODE. THE HEAD OF SCHOOL'S RESIDENCE ALSO SERVES AS A LOCATION TO HOST MANY SCHOOL EVENTS. ALL SCHOOL BUSINESS-RELATED SOCIAL CLUB DUES PAID BY THE DIRECTOR OF DEVELOPMENT AND DIRECTOR OF ADVANCEMENT ARE REIMBURSED BY THE SCHOOL AND TREATED AS NON-TAXABLE BENEFITS. PART I, LINES 4A-B THE FOLLOWING AMOUNTS WERE ACCRUED FOR THE PARTICIPANTS IN THE 457(F) DEFERRED COMPENSATION PLAN AS OF JUNE 30, 2022: MURRAY, STEPHEN $ 125,000 HAMMOND, BENJAMIN $ 50,000 BARNES, MARY KATE $ 50,000 DEVINE, PETER $ 50,000 CARTER, GREGORY $20,000 MARSHALL HOLIFIELD AND ERIN GRAHAM RECEIVED PAYMENTS AT SEPARATION FROM THE SCHOOL TO COMPLETE CONTRACTUAL OBLIGATIONS. THOSE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUM (B) (III). PART I, LINE 7 BONUSES ARE PAID TO INDIVIDUALS BASED ON PERFORMANCE METRICS AND APPROVED BY THE BOARD. BONUS AMOUNTS ARE INCLUDED IN PART II, COLUMN B(II). A NATIONAL FINANCE AUTHORITY (NEW HAMPSHIRE) 521304598 63607YAU4 2021-08-02 42915230 CONSTRUCT BUILDING AND STRUCTURES 0 0 0 A 42915230 376507 42501046 37678 2023 0 0 0 1 A 0 0 1 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 CHRISTINA GOODRICH DIRECTOR OF FINANCE MORTGAGE X 300000 146098 0 1 1 JOHN CUNNINGHAM ASSISTANT HOS MORTGAGE X 89034 0 1 1 146098 FORM 990, SCHEDULE L, PART II, (I) PURSUANT TO A PLAN OFFERED TO ALL ELIGIBLE EMPLOYEES. X 27 687970 FMV 0 0 0 PART I, COLUMN (B): AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE SCHOOL'S INDEPENDENT ACCOUNTING FIRM 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 TRUSTEES, 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 SCHOOL'S GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THIS POLICY REQUIRES DISCLOSURE OF ANY MATERIAL CONFLICTS AND PROHIBITS THE AFFECTED INDIVIDUAL FROM PARTICIPATING IN DISCUSSIONS OR DECISIONS ON ANY MATTER IN WHICH THAT PERSON HAS A CONFLICT. ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES WITH SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND DISCLOSE WHETHER THE SCHOOL DOES BUSINESS WITH AN ENTITY IN WHICH THE INDIVIDUAL HAS A MATERIAL FINANCIAL INTEREST. FORM 990, PART VI, SECTION B, 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 ORGANIZATIONS' FORM 990. THIS IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, 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 9: NET DEPRECIATION IN FAIR VALUE OF INTEREST RATE SWAPS -660,031. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -862,281. FORM 990, PART I, LINE 19 ON A GAAP BASIS, THE STATEMENT OF ACTIVITIES IN THE AUDITED FINANCIAL STATEMENTS SHOWS REVENUES LESS EXPENSES OF $9,729,788 COMPARED WITH THE DECLINE SHOWN FOR TAX PURPOSES OF $1.503,158.