2023-05-13T12:12:32-05:00 2022-06-30 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2021-07-01 210639868 The Hun School of Princeton % STEFANIE CONNELL HUN 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 STEFANIE CONNELL CFO 6099217600 2023-05-11 true STEFANIE CONNELL 999009999 RICHARD L RUVELSON P00234075 7328423113 2 2021 2023-04-26 12:10:37Z STEFANIE CONNELL 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 50120852 false X WWW.HUNSCHOOL.ORG X 1943 NJ TO EMPOWER EACH STUDENT TO THRIVE IN A DIVERSE & EVER-CHANGING WORLD BY NURTURING RESILIENT CHARACTER, PROVIDING INDIVIDUAL MENTORSHIP & INSPIRING VIGOROUS & JOYFUL LEARNING 24 24 352 120 0 0 5746731 2459524 31571056 34720977 2898081 2797098 99747 363758 40315615 40341357 5488213 5840518 0 0 21315187 21027083 22000 16500 2249394 11098003 13818167 37923403 40702268 2392212 -360911 86569410 78689879 30928896 29823291 55640514 48866588 THE HUN SCHOOL OF PRINCETON EMPOWERS EACH STUDENT TO THRIVE IN A DIVERSE AND EVER-CHANGING WORLD, BY NURTURING RESILIENT CHARACTER, PROVIDING INDIVIDUAL MENTORSHIP AND INSPIRING VIGOROUS AND JOYFUL LEARNING. false false 33789639 5840418 35065924 PROVIDED COLLEGE PREPARATORY SECONDARY EDUCATION FOR GRADES SIX THROUGH TWELVE FOR 671 STUDENTS. IN ADDITION, PROVIDED A 5-WEEK SUMMER SCHOOL PROGRAM, WITH FOR-CREDIT AND ENRICHMENT COURSES, FOR OVER 557 STUDENTS. 33789639 true true false false false false false false false true true false false false true true true false true false false false false true true false false false true true true false false false false false false false false false false true false false false false false false false false true 118 0 true 352 true false false false false false false false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false NJ X STEFANIE CONNELL 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 X Jonathan G Brougham Vice President/Head of School 40.0 0.0 X 445302 0 65460 Stefanie Connell CFO 40.0 0.0 X 246556 0 25986 Steven C Bristol Associate Head of School 40.0 0.0 X 193507 0 45209 Ryan K Hews Head of Upper School 40.0 0.0 X 194073 0 25594 KENNETH J WEINSTEIN Head of Middle School 40.0 0.0 X 165153 0 45770 Alexis Brock Dir. of Advancement/Asst Secy. 40.0 0.0 X 185193 0 23108 J Michael Chaykowsky Director of Facilities 40.0 0.0 X 167746 0 24041 Marlon Bernard DIRECTOR OF BUSINESS SERVICES 40.0 0.0 X 146130 0 22125 Stephen T Wills President/Board Member 1.0 0.0 X X 0 0 0 Susan Michel Vice President/Board Member 1.0 0.0 X X 0 0 0 Leah T Ricci Secretary/Board Member 1.0 0.0 X X 0 0 0 Marianne Deane Treasurer/Board Member 1.0 0.0 X X 0 0 0 Edward Breen Board Member 1.0 0.0 X 0 0 0 Rajiv Dahiya Board Member 1.0 0.0 X 0 0 0 Christiana Foglio Board Member 1.0 0.0 X 0 0 0 Peter PJ Fonseca Board Member (Eff. 10/18/2021) 1.0 0.0 X 0 0 0 Johnny TY Fung Board Member 1.0 0.0 X 0 0 0 Xavier Goss Board Member 1.0 0.0 X 0 0 0 Kerry Kandel Board Member (Eff. 10/18/2021) 1.0 0.0 X 0 0 0 Brian C Logue Board Member 1.0 0.0 X 0 0 0 Scott Landis Board Member 1.0 0.0 X 0 0 0 Ralph Mason III Board Member 1.0 0.0 X 0 0 0 Andrew H Monfried Board Member 1.0 0.0 X 0 0 0 Herman Penner Board Member 1.0 0.0 X 0 0 0 Leigh Ann Peterson Board Member 1.0 0.0 X 0 0 0 Michael J Renna Board Member 1.0 0.0 X 0 0 0 Danner Riebe Board Member 1.0 0.0 X 0 0 0 Eric P Rosenblum Board Member 1.0 0.0 X 0 0 0 Robert Siegel Board Member (Eff. 12/13/2021) 1.0 0.0 X 0 0 0 Wayne Slappy Board Member (Eff. 10/18/2021) 1.0 0.0 X 0 0 0 Alicia Klosowski Tillman Board Member (Eff. 10/18/2021) 1.0 0.0 X 0 0 0 Susan Ward Board Member 1.0 0.0 X 0 0 0 Richard Goldman Esq Counsel/Corporate Secretary 1.0 0.0 X 0 0 0 1743660 0 277293 33 false true false SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 2118782 CRAYMOND DAVIS SONS INC PO BOX 157 KIMBERTON PA 19442 CONSTRUCTION SVCS. 907799 SHEARON ENVIRONMENTAL DESIGN 5160 MILITIA HILL ROAD PLYMOUTH MEETING PA 19462 GROUNDS MAINTENANCE 762863 FAEGRE DRINKER BIDDLE REATH 105 College Road East PO Box 627 PRINCETON NJ 08542 Legal Services 146582 VERACROSS LLC 401 Edgewater Place Suite 360 WAKEFIELD MA 01880 IT Services 114420 5 94976 2364548 356114 2459524 TUITION AND FEES 611600 33499439 33499439 STUDENT FEES 611600 154986 154986 SUMMER TUITION 611600 518507 518507 OPTIONAL PROGRAMS 611600 548045 548045 34720977 619593 619593 0 0 247867 211967 35900 0 35900 35900 11524541 9347036 2177505 2177505 2177505 46324 94976 46324 0 0 0 157079 174168 -17089 -17089 OTHER REVENUE 900099 344947 344947 344947 40341357 35065924 2815909 0 5840518 5840518 0 0 1019044 211047 442977 365020 0 15309526 12759379 1809017 741130 2561268 2074627 325281 161360 982393 795738 124764 61891 1154852 935430 146666 72756 0 118774 96207 15084 7483 67300 67300 0 16500 16500 249750 249750 3426884 3121745 185797 119342 128563 128563 1870874 1624485 102394 143995 345308 279902 43719 21687 0 913433 755962 105257 52214 151169 145481 2263 3425 0 75525 58788 3595 13142 774030 626964 98302 48764 0 3253718 2635512 413222 204984 272900 22197 250703 SPECIAL PROGRAMS 1437734 1176886 79443 181405 REPAIRS & MAINTENANCE 422404 346723 50587 25094 RECRUITMENT 181318 153565 18551 9202 FOOD 128483 128483 40702268 33789639 4663235 2249394 19696 13840 6341011 4933983 1409747 946680 626482 627981 0 0 0 0 0 0 30692 20650 608739 878553 83733750 42040562 34496594 41693188 33766257 28712072 0 0 0 0 222944 274056 9047248 588876 86569410 78689879 2763049 2596508 0 0 6518787 6050541 19914175 19735897 0 0 0 0 40784 45888 0 0 1692101 1394457 30928896 29823291 X 42074340 36999409 13566174 11867179 55640514 48866588 86569410 78689879 X -360911 -6598059 185044 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33766257 307947 -3800682 1311700 249750 28712072 29644826 130549 6513615 2299137 223596 33766257 27263933 1023851 1577448 220406 29644826 25627067 794991 2071772 1006460 223437 27263933 23154089 1604499 1982489 910000 204010 25627067 0.64000 0.36000 false false 1372919 1372919 68857526 30305822 38551704 9237369 7836747 1400622 4265936 3897993 367943 41693188 0 STUDENT DEPOSITS 3857 OBLIGATION 1227022 DEFERRED COMPENSATION 163578 1394457 X 28085489 -6598059 -5840518 -12438577 40524066 249750 -432459 -182709 40341357 34859415 247415 247415 34612000 249750 5840518 6090268 40702268 PART V, LINE 4 AS DESIGNATED BY THE DONOR FOR PERMANENTLY RESTRICTED AND AS DESIGNATED BY THE BOARD FOR BOARD RESTRICTED. PART X, LINE 2 - FIN 48 FOOTNOTE GAAP requires management to evaluate tax positions taken by the School and recognize a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the School, and has concluded that as of June 30, 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The School files tax returns in the U.S. federal jurisdiction, as well as the state of New Jersey, and has no income tax related penalties and interest for the periods presented in these financial statements. Should any such penalties and interest be incurred, the School's policy would be to recognize them as operating expenses. In the normal course of business, the School is subject to examination by taxing authorities. As of June 30, 2022 and through the date of this report, there are no ongoing audits or unresolved disputes with the various tax authorities that the School files with. As of June 30, 2022, the School had no unrecognized tax benefits. PART IX, LINE 2D FINANCIAL AID $ (5,840,518) PART XI, LINE 4B COST OF GOODS SOLD $ (174,168) FUNDRAISING EXPENSES ( 46,324) RENTAL EXPENSES (211,967) ----------- TOTAL $ (432,459) PART XII, LINE 2D COST OF GOODS SOLD $ 174,168 POST-RETIREMENT BENEFIT ADJUSTMENT (298,914) FUNDRAISING EXPENSE 46,324 RENTAL EXPENSES 211,967 Bad Debt 113,870 ------------ TOTAL $ 247,415 PART XII, LINE 4B FINANCIAL AID $ 5,840,518 true true true true true true true false false false false false false false false false true SCHEDULE E, PT 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. X X X X X X true GRAHAM-PELTON 39 BEECHWOOD ROAD SUMMIT NJ 07901 CONSULTANT false 0 16500 0 0 16500 0 Gala 91609 67753 23856 23856 Parent Program 49691 27223 22468 22468 0 141300 94976 46324 46324 46324 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 true FINANCIAL AID AND TUITION REMISSION 217 5777516 FMV FINANCIAL AID/REMISS DISCOUNTS 228 63002 FMV DISCOUNTS PART I, LINE 2 THE SCHOOL ESTABLISHED A COMMITTEE TO REVIEW APPLICATIONS AND AWARD FINANCIAL AID BASED ON NEED. X X true true X X false false false false false false false false false Jonathan G Brougham Vice President/Head of School 394491 0 50000 0 811 0 41250 0 28798 0 515350 0 0 0 Stefanie Connell CFO 236556 0 10000 0 0 0 17687 0 10528 0 274771 0 0 0 Steven C Bristol Associate Head of School 193507 0 0 0 0 0 14928 0 32083 0 240518 0 0 0 Ryan K Hews Head of Upper School 194073 0 0 0 0 0 13589 0 13812 0 221474 0 0 0 KENNETH J WEINSTEIN Head of Middle School 165153 0 0 0 0 0 12874 0 34470 0 212497 0 0 0 Alexis Brock Dir. of Advancement/Asst Secy. 185193 0 0 0 0 0 14044 0 16050 0 215287 0 0 0 J Michael Chaykowsky Director of Facilities 167746 0 0 0 0 0 13566 0 12070 0 193382 0 0 0 Marlon Bernard DIRECTOR OF BUSINESS SERVICES 146130 0 0 0 0 0 11135 0 12411 0 169676 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON SCHOOL GROUNDS AS A CONDITION OF EMPLOYMENT, FOR THE CONVENIENCE OF THE SCHOOL, AND IT IS TREATED AS NON-TAXABLE UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. 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. A Public Finance Authority 273866124 2021-11-01 19735897 Bond Refinance & Construction false false false A 19678281 0 27457426 0 0 0 279145 0 0 0 0 0 true false false true A false false false 0.00000 0.00000 0.00000 false false false true A false true false false false false 0 false 0 false true A true X 1 199000 APPRAISAL X 10 145940 FMV X GALA MISC AUCTION ITEMS 6 11174 FMV OF DONATED ITEM false true false 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. PART VI, SECTION B, LINE 12C THE SCHOOL'S HUMAN RESOURCES DIRECTOR REVIEWS THE SCHOOL'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS DURING THEIR HANDBOOK AND POLICY REVIEW. THE SCHOOL'S ATTORNEY ALSO REVIEWS THE POLICY PERIODICALLY. THIS POLICY APPLIES TO THE SCHOOL'S ADMINISTRATIVE TEAM WHICH INCLUDES BOARD MEMBERS AND EMPLOYEES. ALL BOARD MEMBER'S COMPLETED ANNUAL STATEMENTS ARE REVIEWED BY THE SCHOOL'S ADMINISTRATIVE SECRETARY. THE ADMINISTRATIVE SECRETARY INFORMS THE HEAD OF SCHOOL OF ALL BOARD MEMBER REPORTED CONFLICTS OF INTEREST. THE HEAD OF SCHOOL REPORTS THE BOARD MEMBER CONFLICTS OF INTEREST TO THE SCHOOL'S EXECUTIVE COMMITTEE TO REVIEW FOR ANY NECESSARY MITIGATING BEHAVIOR. EMPLOYEE DISCLOSURE STATEMENTS ARE SUBMITTED TO THE HEAD OF SCHOOL, CHIEF FINANCIAL OFFICER AND HUMAN RESOURCES DIRECTOR FOR REVIEW AND DETERMINATION AS TO WHETHER ANY SIGNIFICANT CONFLICT OF INTEREST EXISTS. ALL CONFLICTS OF INTEREST REPORTED BY EMPLOYEES ARE SHARED WITH THE CHAIR OFTHE BOARD AND, IF NECESSARY, THE EXECUTIVE COMMITTEE. PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL RECEIVES AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD AND THE SCHOOL'S ATTORNEY RELATED TO HIS PERFORMANCE THROUGHOUT THE FISCAL YEAR. THE HEAD OF SCHOOL HAS A THREE-YEAR WRITTEN EMPLOYMENT CONTRACT THAT OUTLINES POTENTIAL SALARY INCREASES. THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES WHETHER AN INCREASE IN COMPENSATION OF THE HEAD OF SCHOOL IS APPROPRIATE BASED ON THE COMMITTEE'S REVIEW. PEER BENCHMARK COMPENSATION DATA WAS PULLED AND SENT TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR USE IN DETERMINING THE HEAD OF SCHOOL'S COMPENSATION INCREASE. OTHER OFFICERS AND KEY EMPLOYEES RECEIVE ANNUAL REVIEWS BY THE HEAD OF SCHOOL. THE BOARD APPROVES A BUDGET AND A SET AMOUNT OF OVERALL SALARY INCREASES EACH YEAR. THE HUMAN RESOURCES DIRECTOR PERFORMS A BENCHMARKING ANALYSIS FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. THE HUMAN RESOURCES DIRECTOR AND THE HEAD OF SCHOOL DISCUSS WHETHER COMPENSATION ADJUSTMENTS ARE NECESSARY AND WARRANTED. THE HEAD OF SCHOOL TYPICALLY INFORMS THE BOARD CHAIR AND/OR FINANCE COMMITTEE CHAIR WHEN HE RECOMMENDS COMPENSATION ADJUSTMENTS FOR THE OTHER OFFICERS AND KEY EMPLOYEES. PART IV, 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. PART XI, LINE 9 POST-RETIREMENT BENEFIT ADJUSTMENT $ 298,914 BAD DEBT EXPENSE $ (113,870) ----------- TOTAL OTHER CHANGES IN NET ASSETS $ 185,044 PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS THE AUDITED FINANCIAL STATEMENT BY THE INDEPENDENT AUDITORS.