2022-11-14T09:20:33-06:00 2022-06-30 946214841 ARMANINO LLP 15950 N DALLAS PKWY 600 DALLAS TX 75248 990 2021-07-01 221487293 THE PECK SCHOOL PECK 9735398660 247 SOUTH STREET MORRISTOWN NJ 07960 KRISTEN RUGEL CFO 9735396894 2022-11-14 1 KRISTEN RUGEL 999009999 MATTHEW PETROSKI P00853132 9726611843 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ANDREW DELINSKY 247 SOUTH STREET MORRISTOWN NJ 07960 18507485 0 X WWW.PECKSCHOOL.ORG X 1893 NJ THE PECK SCHOOL INSPIRES STUDENTS TO LEARN RIGOROUSLY, GROW IN CHARACTER, AND LEAD HEALTHY, PRODUCTIVE, AND PRINCIPLED LIVES. 23 22 114 50 0 0 5151523 2533738 14018412 14430664 3368430 605905 0 530698 22538365 18101005 1779847 675273 0 0 10409299 11050658 0 0 960461 5465363 6193656 17654509 17919587 4883856 181418 74210774 71516691 21324428 21311229 52886346 50205462 THE PECK SCHOOL INSPIRES STUDENTS TO LEARN RIGOROUSLY, GROW IN CHARACTER, AND LEAD HEALTHY, PRODUCTIVE, AND PRINCIPLED LIVES. 0 0 13822904 675273 14430664 THE PECK SCHOOL, FOUNDED IN 1893, IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL PROVIDING EXCELLENT ELEMENTARY EDUCATION TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADES.DURING THIS FISCAL YEAR, THE SCHOOL SERVED 348 STUDENTS. 13822904 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 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 0 0 0 0 0 0 0 0 1 47 0 1 114 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X KRISTEN RUGEL 9735398660 247 SOUTH STREET MORRISTOWN NJ 07960 ANDREW DELINSKY HEAD OF SCHOOL 40.00 X X 442349 0 152727 SUBHADRA SHAH PRESIDENT 1.50 X X 0 0 0 DANIEL HONEKER VICE PRESIDENT 1.50 X X 0 0 0 CHARLES SORRENTINO VICE PRESIDENT 1.50 X X 0 0 0 LAUREN O BAKER SECRETARY 1.50 X X 0 0 0 MICHAEL SANTOMASSIMO TREASURER 1.50 X X 0 0 0 CARTER MARSH ABBOTT TRUSTEE 1.00 X 0 0 0 BRIAN D CROSBY TRUSTEE 1.00 X 0 0 0 MAHMOUD ELASSIR TRUSTEE 0.45 X 0 0 0 DAVID HEPP TRUSTEE 0.45 X 0 0 0 CARRIE KURTZMAN TRUSTEE 1.00 X 0 0 0 CHRISTINA MELCHIONNI TRUSTEE 1.00 X 0 0 0 JEANANN MORGAN-LIFTIN TRUSTEE 0.45 X 0 0 0 SOUREN G OUZOUNIAN TRUSTEE 1.00 X 0 0 0 BEN ROGERS TRUSTEE 1.00 X 0 0 0 SID ROWELL TRUSTEE 0.45 X 0 0 0 CASEY WELLS TRUSTEE 0.45 X 0 0 0 TODD HOHMAN TRUSTEE 0.45 X 0 0 0 GENEVIEVE MALLGRAVE TRUSTEE 0.45 X 0 0 0 LEVEE BROOKS TRUSTEE 1.00 X 0 0 0 TOM CORTESE TRUSTEE 1.00 X 0 0 0 CATE EDELL TRUSTEE 0.45 X 0 0 0 TRACY PESTER TRUSTEE 0.45 X 0 0 0 NINA SHARMA HEAD OF LOWER SCHOOL 40.00 X 155131 0 34248 ANDREW SCHNEIDER DIRECTOR OF FINANCE & OPER 40.00 X 230569 0 50905 SARAH ALBERTYN HEAD OF UPPER SCHOOL 40.00 X 166052 0 24180 CHRISTOPHER WEAVER DIRECTOR OF CURRICULUM & F 40.00 X 132276 0 36940 KEVIN GRIESHABER DIRECTOR OF TECHNOLOGY 40.00 X 127419 0 35403 ERIN CEDAR DIRECTOR OF ADMISSION 40.00 X 120909 0 35343 MICHAEL ZULLA DIRECTOR OF FACILITIES 40.00 X 120909 0 26533 JACYNTHE MAILLY CONTROLLER 40.00 X 116545 0 23983 1612159 0 420262 15 0 1 0 FLIK DINING PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 564926 C & R CLEANING 403 WHITON ROAD BRANCHBURG NJ 08853 CLEANING SERVICE 213754 2 43290 430907 2059541 68586 2533738 TUITION 611710 14127401 14127401 AUXILIARY PROGRAMS 611710 303263 303263 14430664 472370 472370 471456 10000 347921 0 123535 10000 133535 133535 286849 43290 58559 228290 228290 OTHER REVENUE 900099 302408 302408 302408 18101005 14430664 0 1136603 X 675273 675273 1374194 661719 646586 65889 6421839 5395021 769401 257417 463246 346767 105126 11353 2250303 1859393 390910 541076 434032 82746 24298 10475 10475 60034 60034 100452 100452 309161 100404 198984 9773 107083 6112 100621 350 600114 292978 161109 146027 115397 99913 8174 7310 1159598 1016829 118742 24027 125255 125255 105255 45187 48339 11729 179834 160052 16185 3597 2091567 1861495 188241 41831 144892 130376 13828 688 FOOD SERVICE 525507 498180 24699 2628 FUNDRAISING EXPENSES 334579 334579 PERFORMANCE AND EVENTS 99518 19227 63121 17170 AUXILIARY SERVICES 55870 55870 69065 38821 28449 1795 17919587 13822904 3136222 960461 4198974 3598056 1731043 2009527 3161385 2297723 12846752 13268382 215687 350305 53033380 19454875 35377424 33578505 16447160 14750043 26141 1069171 206208 594979 74210774 71516691 1460791 1168799 13475650 13921763 6387987 6220667 21324428 21311229 X 45461302 44007327 7425044 6198135 52886346 50205462 74210774 71516691 181418 -2862302 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 15535406 385464 -1821168 466115 13633587 11463680 1460956 3098668 154331 333567 15535406 11991838 36738 -114436 133568 316892 11463680 12158183 65500 201112 129905 300226 2826 11991838 11863388 749355 122722 331838 12158183 0.60930 0.26010 0.13060 0 0 52096 52096 46905146 16923144 29982002 3234970 2064845 1170125 2841168 466886 2374282 33578505 X 14130399 -2862302 -2862302 16992701 100452 1007852 1108304 18101005 16811283 0 16811283 100452 1007852 1108304 17919587 PART III, LINE 1A: ALTHOUGH THE SCHOOL MAINTAINS HISTORICAL STRUCTURES, SINCE THE ORGANIZATION AND SUCH STRUCTURES HAVE BEEN IN EXISTENCE FOR SEVERAL DECADES, THE COST OF CAPITALIZING THESE COLLECTIONS WOULD EXCEED THE INCREMENTAL BENEFIT OF THE INFORMATION GAINED. AS A RESULT, THE SCHOOL DOES NOT CAPITALIZE THE ASSETS. PART III, LINE 4: THE SCHOOL HOLDS HISTORIC STURCTURES AT LINDENWOLD, WHICH WAS DONATED TO THE ORGANIZATION BACK IN 1947. THE STRUCTURES ARE USED AS SCHOOL FACILITIES AND ARE MAINTAINED FOR EDUCATION AND PUBLIC EXHIBITION PURPOSE. PART V, LINE 4: THE PRIMARY PURPOSE OF THE PECK SCHOOL ENDOWMENT FUND IS TO PROVIDE THE SCHOOL WITH RECURRING AND GROWING FUNDS TO BE USED TO SUPPORT THE OPERATIONS OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A QUALIFIED SCHOOL EXEMPT FROM FEDERAL INCOME AND NEW JERSEY TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND AN APPROVED NEW JERSEY EXEMPT ORGANIZATION CERTIFICATE, RESPECTIVELY. THE SCHOOL MANAGEMENT HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 673,273. PARENT ASSOCIATION FUNDRAISING EXPENSES 334,579. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 673,273. PARENT ASSOCIATION FUNDRAISING EXPENSES 334,579. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE PECK SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS ADVERTISING IN LOCAL NEWSPAPERS, BROCHURES, CATALOGS, AND INTERNET HOMEPAGE. NOTICE OF NONDISCRIMINATORY POLICY WAS ADVERTISED IN THE NJ STAR-LEDGER ON APRIL 10, 2022. SCHEDULE E, PART I, LINE 6 THE PECK SCHOOL RECEIVES FUNDS FROM THE STATE DEPARTMENT OF EDUCATION FOR TEXTBOOKS, TECHNOLOGY, NURSING AND SECURITY SERVICES. MORRIS COUNTY, ON BEHALF OF THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION, PAYS DIRECTLY FOR THE TEXTBOOKS, TECHNOLOGY AND NURSING SERVICES. "NO PLACE LIKE PECK" GALA 330139 43290 286849 4399 14088 3700 36372 330139 43290 286849 4399 14088 3700 36372 58559 228290 1 FINANCIAL AID 18 639600 FMV DIRECT CREDIT TO STUDENT ACCOUNT FINANCIAL AID 3 33673 FMV TRANSPORTATION, FIELD TRIPS, AND SCHOOL CLOTHES AWARDS AND SCHOLARSHIPS 2 2000 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FINANCIAL AID GRANTS ARE DEDUCTED DIRECTLY BY THE SCHOOL FROM THE STUDENT'S TUITION. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 ANDREW DELINSKY HEAD OF SCHOOL 350980 0 57261 0 34108 0 76150 0 76577 0 595076 0 0 0 ANDREW SCHNEIDER DIRECTOR OF FINANCE & OPER 201731 0 11677 0 17161 0 12105 0 38800 0 281474 0 0 0 SARAH ALBERTYN HEAD OF UPPER SCHOOL 135647 0 3000 0 27405 0 8580 0 15600 0 190232 0 0 0 NINA SHARMA HEAD OF LOWER SCHOOL 152131 0 3000 0 0 0 17911 0 16337 0 189379 0 0 0 CHRISTOPHER WEAVER DIRECTOR OF CURRICULUM & F 129276 0 3000 0 0 0 10218 0 26722 0 169216 0 0 0 KEVIN GRIESHABER DIRECTOR OF TECHNOLOGY 124919 0 2500 0 0 0 14798 0 20605 0 162822 0 0 0 ERIN CEDAR DIRECTOR OF ADMISSION 117909 0 3000 0 0 0 13943 0 21400 0 156252 0 0 0 PART I, LINE 3 THE HEAD OF SCHOOL, AS A CONDITION OF EMPLOYMENT, IS REQUIRED TO RESIDE IN SCHOOL HOUSING. THE NONTAXABLE BENEFIT OF $45,216 IS INCLUDED IN COLUMN (D). THE HEAD OF SCHOOL RECEIVED A TUITION BENEFIT OF $36,748 WHICH WAS SUBJECT TO GROSS-UP AND INCLUDED IN PART II, COLUMN (B)(I). PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN PROVIDED BY THE SCHOOL. DURING THE YEAR, THE FOLLOWING AMOUNT WAS CONTRIBUTED TO THE PLANS: 457(F): $20,000 PART I, LINE 7 THE BOARD HAS A COMPENSATION COMMITTEE WHICH DETERMINES THE HOS'S COMPENSATION AND BONUS. FOR OTHER EMPLOYEES, IT IS A NON-FIXED DISCRETIONARY PAYMENT PER THE HOS. A PUBLIC FINANCE AUTHORITY 273866124 2017-06-15 12000000 CAPITAL PROJECT 0 0 0 A 5520074 12000000 321950 11678050 2019 0 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 SCHEDULE K PART I: THE ORGANIZATION'S PRESENTATION OF TAX-EXEMPT BONDS PROCEEDS IS CONSISTENT WITH THE CORRESPONDING INFORMATION INCLUDED ON FORM 8038, INFORMATION RETURN FOR TAX-EXEMPT PRIVATE ACTIVITY BOND ISSUES. THE PRESENTATION OF TAX-EXEMPT BOND LIABILITIES FOR FINANCIAL STATEMENT PURPOSES REFLECTS ONLY THE AMOUNT OUTSTANDING THAT HAS BEEN DRAWN TO DATE. THE TAXPAYER'S BONDS ARE CATEGORIZED AS DRAW-DOWN BONDS. THE TAXPAYER MAY NOT RECEIVE PROCEEDS FROM ITS ISSUES UNLESS EXPENSE REPORTS IN RELATION TO THE PURPOSE OF THE ISSUE ARE SUBMITTED. AMOUNT REPORTED ON SCHEDULE K, PART I-A, COLUMN (E) IS $12,000,000 WHICH DIFFERS FROM THE AMOUNT REPORTED ON FORM 8038, PART III, LINE 21(B) WHICH IS $18,000,000. THE PECK SCHOOL ISSUED BONDS SERIES A, B, C CONSISTING OF $6,000,000 EACH (TOGETHER $18,000,000) THESE BONDS ARE "DRAW-DOWN BONDS" AS SUCH, THE $12,000,000 REPORTED ON PART I-A, COLUMN (E) IS FOR SERIES 2017B AND 2017C BONDS. IN JUNE 2020, THE BOND DRAWDOWN PERIOD TERMINATED, WHICH CLOSED THE SERIES A BOND AS IT WAS NEVER UTILIZED, WHEREAS THE THE SERIES B AND SERIES C BONDS CONVERTED TO TERM LOANS. X 9 68586 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS IN APRIL 2022. THE MAJOR REVISIONS ARE: 1) ADDED MISSION STATEMENT AND DIVERSITY, EQUITY AND INCLUSION STATEMENT 2) REMOVE THE MEMBERSHIP PROVISIONS 3) ADDED ONE PARAGRAPH ABOUT HISTORICAL BUILDING PRESERVATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED WITH A COMPLETE COPY OF THE FORM 990 AND APPROVES THE FORM 990 FOR FILING. ALL OTHER MEMBERS OF THE CORPORATION'S BOARD OF TRUSTEES ARE PROVIDED WITH THE PUBLIC VERSION OF THE FORM 990 FOR THEIR REVIEW AND COMMENT PRIOR TO THE FILING OF THE FORM. THE FULL BOARD HAS THE OPPORTUNITY TO REVIEW THE COMPLETE RETURN UPON REQUEST. THE BOARD'S AUDIT COMMITTEE, ALONG WITH THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE AND OPERATIONS REVIEW IN DETAIL, THE FORM 990 WITH THE PREPARER PRIOR TO THE FORM'S FINAL COMPLETION. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES OF THE CORPORATION, ALONG WITH CERTAIN MEMBERS OF THE ADMINISTRATION ARE ANNUALLY PROVIDED COPIES OF THE CORPORATION'S CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE DISCLOSURE FORMS. THE FORMS ARE THEN SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD, THE AUDIT COMMITTEE, AND TO THE CORPORATION'S INDEPENDENT AUDITOR FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 HEAD OF SCHOOL COMPENSATION: HEAD OF SCHOOL COMPENSATION DECISIONS ARE DELEGATED BY THE BOARD OF TRUSTEES TO THE COMPENSATION COMMITTEE WHICH IS COMPRISED OF THE BOARD PRESIDENT, THE HEAD OF THE AUDIT COMMITTEE AND THE BOARD TREASURER. THE COMMITTEE CONDUCTS AN ANNUAL COMPENSATION REVIEW, GENERALLY IN APRIL. TO MAKE CERTAIN THE COMPENSATION OFFER IS COMPETITIVE IN THEIR MARKET, THE COMMITTEE MEMBERS AVAIL THEMSELVES WITH NAIS'S NATIONAL AND REGIONAL COMPENSATION BENCHMARK REPORT. FOR PERFORMANCE REVIEWS, THE COMMITTEE EVALUATES GOAL-SETTING AND ACHIEVEMENTS AS A PRE-REQUISITE FOR CONSIDERATION OF THE COMING YEAR'S BASE SALARY. FOR OTHER FRINGE BENEFITS SUCH AS DEFERRED COMPENSATION, TUITION REMISSION, AND HOUSING, THE COMMITTEE CAREFULLY CONSIDERS OTHER FACTORS SUCH AS PERSONAL OR FAMILY LIFE. OTHER HIGHLY COMPENSATED EMPLOYEES' COMPENSATION: FOR OTHER HIGHLY COMPENSATED EMPLOYEES, THE HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE AND OPERATIONS REVIEW COMPARISON DATA FROM 50 NATIONAL PEER SCHOOLS AND 13 LOCAL SCHOOLS, OBTAINED FROM NAIS-DASL AND INTERVIEWS WITH LOCAL SCHOOLS, TO BENCHMARK COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS OF THE PECK SCHOOL (INCLUDING THE CERTIFICATE OF INCORPORATION, FORM 1023 APPLICATION FOR FEDERAL TAX-EXEMPT STATUS, AND THE FEDERAL TAX-EXEMPT DETERMINATION LETTER), GOVERNANCE POLICIES (INCLUDING THE CONFLICT OF INTEREST POLICY), AS WELL AS FINANCIAL STATEMENTS (INCLUDING AUDITED FINANCIAL STATEMENTS AND PREVIOUSLY FILED FORM 990 ANNUAL INFORMATION RETURNS) ARE AVAILABLE FOR INSPECTION UPON REQUEST. COPIES ARE PROVIDED WITHIN 30 DAYS OF THE REQUEST. ALL DOCUMENTATION REQUESTS ARE DIRECTED TO THE BUSINESS DIRECTOR OF THE CORPORATION AT THE ADDRESS LISTED BELOW: ATTN: KRISTEN RUGEL THE PECK SCHOOL 247 SOUTH STREET MORRISTOWN, NJ 07960 FORM 990 PART VI LINE 14 WHILE PECK HAS BEEN FOLLOWING APPLICABLE LAWS, THERE ISN'T A FORMAL/APPROVED WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. ONE IS IN THE PROCESS OF BEING DEVELOPED AND BOARD APPROVAL WILL BE OBTAINED FORM 990 PART I LINE 13 AND PART IX LINE 2 THE SCHOOL REPORTED EMPLOYEE TUITION REMISSION AS PART OF THE GRANT AND ASSISTANCE TO INDIVIDUALS ON PART IX FUNCTIONAL EXPENSE LINE 2 IN THE PRIOR YEARS. HOWEVER, IT IS MORE ACCURATE TO TREAT THE EMPLOYEE TUITION REMISSION AS AN EMPLOYEE BENEFIT BECAUSE IT IS A TYPE OF NON TAXABLE EMPLOYEE COMPENSATION. THEREFORE, FOR TAX YEAR 2021, THE SCHOOL EXCLUDES THE TUITION REMISSION AMOUNT FROM FUNCTIONAL EXPENSE LINE 2 AND ADDS IT TO LINE 9 AS OTHER EMPLOYEE BENEFITS. THE CHANGE IN REPORTING METHOD CREATES A SIGNIFICANT DIFFERENCE ON 990 PART I LINE 13, BUT IT IS THE RESULT OF A BETTER UNDERSTANDING OF THE REPORTING REQUIREMENTS. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.