2022-05-16T11:45:21-05:00 2021-06-30 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2020-07-01 210639868 The Hun School of Princeton % STEFANIE CONNELL HUNS 6099217600 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 STEFANIE CONNELL CFO 6099217600 2022-05-13 true STEFANIE CONNELL 999009999 RICHARD L RUVELSON P00234075 7328423113 2022-05-13 2 2020 2022-09-23 18:48:47Z STEFANIE CONNELL 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 52354647 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 24 311 120 0 0 2350885 5746731 32232175 31571056 1209190 2898081 497154 99747 36289404 40315615 5038593 5488213 0 0 19785463 21315187 64191 22000 1903546 10074016 11098003 34962263 37923403 1327141 2392212 83313754 86569410 33012948 30928896 50300806 55640514 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 32063371 5488213 31645124 PROVIDED COLLEGE PREPARATORY SECONDARY EDUCATION FOR GRADES SIX THROUGH TWELVE FOR 666 STUDENTS. IN ADDITION, PROVIDED A 5-WEEK SUMMER SCHOOL PROGRAM, WITH FOR-CREDIT AND ENRICHMENT COURSES, FOR OVER 660 STUDENTS. 32063371 true true false false false false false false false true true false false true true true true false true false false false false true false 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 95 0 true 311 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/Headmaster 40.0 0.0 X 438344 0 70757 Stefanie Connell CFO 40.0 0.0 X 239160 0 67551 Steven C Bristol Associate Head of School 40.0 0.0 X 191534 0 86128 Kenneth J Weinstein Head of Middle School 40.0 0.0 X 161635 0 86291 Jonathan Stone Director of Resident Life 40.0 0.0 X 151426 0 83600 Ryan K Hews Head of Upper School 40.0 0.0 X 191525 0 25149 Alexis Brock ASST. SECY./Dir of Advancement 40.0 0.0 X 185257 0 17883 J Michael Chaykowsky DIRECTOR OF OPERATIONS 40.0 0.0 X 163716 0 23303 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 Sanjay Kannambadi Treasurer/Board Member 1.0 0.0 X X 0 0 0 Edward Breen Board Member 1.0 0.0 X 0 0 0 Giovanni Caforio Board Member (THRU 12/17/2020) 1.0 0.0 X 0 0 0 Kimberly Jingoli Chiurco Board Member 1.0 0.0 X 0 0 0 Rajiv Dahiya Board Member 1.0 0.0 X 0 0 0 Kathleen Mitchell-D'Aulerio Board Member 1.0 0.0 X 0 0 0 Marianne Deane Board Member 1.0 0.0 X 0 0 0 Christiana Foglio Board Member 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 Scott Landis Board Member (EFF 12/17/2020) 1.0 0.0 X 0 0 0 Brian C Logue 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 Mordechai Rozanski Board Member 1.0 0.0 X 0 0 0 John Tugwell Board Member 1.0 0.0 X 0 0 0 Susan Ward Board Member 1.0 0.0 X 0 0 0 Richard Goldman Esq Counsel 1.0 0.0 X 0 0 0 1722597 0 460662 30 false true false CRAYMOND DAVIS SONS INC PO BOX 157 KIMBERTON PA 194420157 CONSTRUCTION SVCS. 5371803 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1756987 VAULT MEDICAL SERVICES OF NEW JERSE 211 ESSEX STREET 406 HACKENSACK NJ 07601 MEDICAL TESTING 555600 SHEARON ENVIRONMENTAL DESIGN 5160 MILITIA HILL ROAD PLYMOUTH MEETING PA 19462 GROUNDS MAINTENANCE 418161 PENN MEDICAL CORP PO BOX 826976 PHILADELPHIA PA 19182 SYMPTOMS SCREENING 137670 8 3413700 2333031 30512 5746731 TUITION AND FEES 611600 31216257 31216257 STUDENT FEES 611600 91444 91444 SUMMER TUITION 611600 241678 241678 OPTIONAL PROGRAMS 611600 21677 21677 31571056 587833 587833 0 0 128648 117857 10791 0 10791 10791 12192027 1974076 9034711 2821144 3157316 -847068 2310248 2310248 0 0 0 0 0 0 80208 65320 14888 14888 OTHER REVENUE 900099 74068 74068 74068 40315615 31645124 2923760 0 5488213 5488213 0 0 1044208 225353 454930 363925 0 15432944 13158803 1562307 711834 1020034 847114 113079 59841 2632896 2186557 291877 154462 1185105 984202 131378 69525 0 86647 71958 9606 5083 60590 60590 0 22000 22000 223596 223596 3345197 3116451 125324 103422 133514 7005 126509 1650381 1457232 94277 98872 290415 241228 32165 17022 0 892951 755017 90200 47734 25349 24875 112 362 0 48907 46149 2286 472 590285 490217 65438 34630 0 2659457 2208615 294822 156020 240553 21834 218719 SPECIAL PROGRAMS 409971 360349 16858 32764 REPAIRS & MAINTENANCE 378930 316110 41080 21740 RECRUITMENT 30892 28853 1333 706 FOOD 27236 27236 3132 3132 37923403 32063371 3956486 1903546 16806 19696 8586603 6341011 1568299 1409747 517466 626482 0 0 0 0 0 0 28398 30692 541811 608739 73367893 38871299 39043985 34496594 29644826 33766257 0 0 0 0 233077 222944 3132483 9047248 83313754 86569410 2187802 2763049 0 0 4943623 6518787 20551473 19914175 0 0 0 0 80507 40784 3413700 0 1835843 1692101 33012948 30928896 X 37415290 42074340 12885516 13566174 50300806 55640514 83313754 86569410 X 2392212 2768277 179219 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29644826 130549 6513615 2299137 223596 33766257 27263933 1023851 1577448 220406 29644826 25627067 794991 2071772 1006460 223437 27263933 23154089 1604499 1982489 910000 204010 25627067 20002301 1974344 2182270 830000 174826 23154089 0.70620 0.29380 false false 1372919 1372919 59062225 27816080 31246145 8660629 7182845 1477784 4272120 3872374 399746 34496594 OTHER CURRENT ASSETS 35464 CONSTRUCTION IN PROCESS 8850792 DEFERRED COMPENSATION 160992 9047248 0 STUDENT DEPOSITS 5173 OBLIGATION 1525936 DEFERRED COMPENSATION 160992 1692101 X 37555260 2768277 -5488213 -2719936 40275196 223596 -183177 40419 40315615 32215552 3958 3958 32211594 223596 5488213 5711809 37923403 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, 2021, 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, 2021 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, 2021, the School had no unrecognized tax benefits. PART IX, LINE 2D FINANCIAL AID $ (5,488,213) PART XI, LINE 4B COST OF GOODS SOLD (65,320) RENTAL EXPENSE (117,857) ----------- TOTAL $ (183,177) PART XII, LINE 2D COST OF GOODS SOLD $ 65,320 POST-RETIREMENT BENEFIT ADJUSTMENT (179,219) RENTAL EXPENSE 117,857 ----------- TOTAL $ 3,958 PART XII, LINE 4B FINANCIAL AID $ 5,488,213 true true true true true true true false false false false false false false false true 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. IN CONJUNCTION WITH NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS AND THE ASSOCIATION OF DELAWARE VALLEY INDEPENDENT SCHOOLS, WE PLACE ADS STATING OUR NONDISCRIMINATORY POLICY IN AREA NEWSPAPERS. WE HAVE PLACED ADS IN THE STAR LEDGER, THE PHILADELPHIA INQUIRER AND THE PHILADELPHIA DAILY NEWS. SCHEDULE E, PT I, LINE 6A THE SCHOOL RECEIVED A PAYCHECK PROTECTION PROGRAM LOAN IN THE AMOUNT OF $3,413,700 FOR SUPOPRT OF ONGOING OPERATIONS FOR THE SCHOOL'S PAYROLL. THE LOAN HAS SINCE BEEN FORGIVEN, THUS THE FUNDS HAVE BEEN INCLUDED IN REVENUES IN THIS FORM 990, PART VIII, LINE 1E. X X X X X X true GRAHAM-PELTON 39 BEECHWOOD ROAD SUMMIT NJ 07901 CONSULTANT false 0 22000 0 0 22000 0 176 EDGERSTOUNE ROAD PRINCETON NJ 08540 true FINANCIAL AID AND TUITION REMISSION 223 5426253 FMV FINANCIAL AID/REMISS DISCOUNTS 244 61960 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/Headmaster 378344 0 60000 38875 0 36414 0 513633 0 0 0 Stefanie Connell CFO 229160 0 10000 17148 0 52573 0 308881 0 0 0 Steven C Bristol Associate Head of School 186534 0 5000 14382 0 73532 0 279448 0 0 0 Kenneth J Weinstein Head of Middle School 161635 0 12561 0 75276 0 249472 0 0 0 Jonathan Stone Director of Resident Life 148426 0 3000 10309 0 74754 0 236489 0 0 0 Ryan K Hews Head of Upper School 186525 0 5000 13076 0 13860 0 218461 0 0 0 Alexis Brock ASST. SECY./Dir of Advancement 185257 0 13684 0 5935 0 204876 0 0 0 J Michael Chaykowsky DIRECTOR OF OPERATIONS 163716 0 13236 0 11630 0 188582 0 0 0 PART I, LINE 1A THE HEADMASTER IS REQUIRED TO LIVE ON SCHOOL GROUNDS AS A REQUIREMENT OF HIS EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL, AND IS TREATED AS NON-TAXABLE UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. THE SCHOOL PAYS FOR A CLUB MEMBERSHIP FOR THE HEADMASTER AND ASSISTANT HEADMASTER OF ADVANCEMENT IN ORDER FOR THE SCHOOL TO HOST SCHOOL FUNCTIONS, AND IS TREATED AS NON-TAXABLE INCOME AS NEITHER OF THEM USE THE MEMBERSHIP FOR PERSONAL USE. A PUBLIC FINANCE AUTHORITY 273866124 2013-08-01 23000000 BOND REFINANCING + CONSTRUCTION false false false A 13660000 0 23000000 0 0 0 280000 0 0 9109050 0 0 2016 true false false true A false false false 0 false false false false A false true false false false false 0 false 0 false false A false X 4 30512 FMV 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 SCHOOLS HUMAN RESOURCES DIRECTOR REVIEWS THE SCHOOL'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS DURING THEIR HANDBOOK AND POLICY REVIEW. THE SCHOOLS ATTORNEY ALSO REVIEWS THE POLICY PERIODICALLY. THIS POLICY APPLIES TO THE SCHOOLS ADMINISTRATIVE TEAM WHICH INCLUDES BOARD MEMBERS AND EMPLOYEES. ALL BOARD MEMBER'S COMPLETED ANNUAL STATEMENTS ARE REVIEWED BY THE SCHOOLS ADMINISTRATIVE SECRETARY. THE ADMINISTRATIVE SECRETARY INFORMS THE HEADMASTER OF ALL BOARD MEMBER REPORTED CONFLICTS OF INTEREST. THE HEADMASTER REPORTS THE BOARD MEMBER CONFLICTS OF INTEREST TO THE SCHOOLS EXECUTIVE COMMITTEE TO REVIEW FOR ANY NECESSARY MITIGATING BEHAVIOR. EMPLOYEE DISCLOSURE STATEMENTS ARE SUBMITTED TO THE HEADMASTER, 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 OF THE BOARD AND, IF NECESSARY, THE EXECUTIVE COMMITTEE. PART VI, SECTION B, LINE 15 THE HEADMASTER 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 HEADMASTER 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 HEADMASTER IS APPROPRIATE BASED ON THE COMMITTEES REVIEW. PEER BENCHMARK COMPENSATION DATA WAS PULLED AND SENT TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR USE IN DETERMINING THE HEADMASTER'S COMPENSATION INCREASE. OTHER OFFICERS AND KEY EMPLOYEES RECEIVE ANNUAL REVIEWS BY THE HEADMASTER. 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 HEADMASTER DISCUSS WHETHER COMPENSATION ADJUSTMENTS ARE NECESSARY AND WARRANTED. THE HEADMASTER 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 $ 179,219 PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS THE AUDITED FINANCIAL STATEMENT BY THE INDEPENDENT AUDITORS.