2021-03-25T18:54:42-05:00 2020-06-30 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2019-07-01 221487233 Kent Place School % GENEVIEVE MADIGAN KENT 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07901 GENEVIEVE MADIGAN CFO 9082730900 2021-03-15 true DOUGLAS TAPP P00200641 7322437000 2021-03-15 2019 2022-09-23 18:48:47Z GENEVIEVE MADIGAN 42 NORWOOD AVENUE SUMMIT NJ 07901 45675091 false X www.kentplace.org X 1894 NJ SEE SCHEDULE O 29 27 396 500 0 2415824 5865616 28826854 29361096 793443 1057945 105163 256389 32141284 36541046 3280406 3425297 0 0 19267381 19832186 0 0 1540217 9445033 9375598 31992820 32633081 148464 3907965 67865635 72015575 10143693 11330102 57721942 60685473 X For over 125 years, Kent Place School has empowered girls to be confident, intellectual, and ethical leaders who advance the world. false false 23483583 3425297 29361096 Our Kent Place curriculum and programs are rich in opportunities for students to develop ethical decision-making, critical thinking, and problem-solving skills. We promote integrity, initiative, and inclusion throughout all of the schooling years. Our students take on increasingly profound leadership opportunities that foster collaboration and self-awareness while also cultivating compassion and empathy. We believe that the lessons and values encouraged by our multi-talented faculty prepare each student to be an active contributor to the larger world beyond Kent Place. Kent Place is home to a wide array of curricular and cocurricular activities, as well as our signature programs such as the Girls' Leadership Institute, now entering its 26th year of empowering girls to discover their full leadership potential, and our renowned Ethics Institute, which promotes the process and practice of ethical decision-making in primary and secondary school communities. Kent Place also offers a traditional summer day camp, afterschool programs, and enrichment classes. 23483583 true true false false false false false false false true true false false false false true true false true false false false false false 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 85 0 true 396 true false false false false false true true false false false false false false X 29 27 false false false false false false false true true false false true true true true true true true true false X GENEVIEVE MADIGAN 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07902 X JENNIFER C GALAMBOS HEAD OF SCHOOL 40.0 0.0 X X 371298 0 128197 ELIZABETH WOODALL DIRECTOR OF UPPER SCHOOL 40.0 0.0 X 282366 0 0 GENEVIEVE D MADIGAN CHIEF FINANCIAL OFFICER 40.0 0.0 X 241371 0 12195 KAREN REZACH DIRECTOR OF ETHICS INSTITUTE 40.0 0.0 X 204901 0 31089 CORAL BROOKS Director of Advancement 40.0 0.0 X 209158 0 25416 JULIA MORGAN Director of Studies 40.0 0.0 X 178365 0 51221 JENNIFER SIMPSON DIRECTOR OF COLLEGE ADVISING 40.0 0.0 X 198083 0 22538 ADUNNI ANDERSON DIRECTOR OF PRIMARY SHCOOL 40.0 0.0 X 203216 0 15430 EDITH M ZABRISKIE TRUSTEE 2.0 0.0 X 94020 0 18182 G ALEX CRISPO PRESIDENT, BD OF TRUSTEEs 2.0 0.0 X X 0 0 0 ANNE GRISSINGER TRUSTEE 2.0 0.0 X 0 0 0 JOHN MARKELS TRUSTEE 2.0 0.0 X 0 0 0 OLGA A NAUMOVICH VICE PRESIDENT, BD OF TRUSTEES 2.0 0.0 X X 0 0 0 ARJUN N MURTI Trustee 2.0 0.0 X 0 0 0 JENNIFER T GROGAN Trustee 2.0 0.0 X 0 0 0 LAWRENCE D JOHNSON II Trustee 2.0 0.0 X 0 0 0 LORI A SHER Trustee 2.0 0.0 X 0 0 0 MARK MILLER VICE PRESIDENT, BD OF TRUSTEES 2.0 0.0 X X 0 0 0 SUSANNE SANTOLA MULLIG Trustee 2.0 0.0 X 0 0 0 NANCY W REYNOLDS Trustee 2.0 0.0 X 0 0 0 NICOLE T RUSAS Trustee 2.0 0.0 X 0 0 0 DOUGLAS B SIEG Trustee 2.0 0.0 X 0 0 0 MARY ANN V STORMS Trustee 2.0 0.0 X 0 0 0 NANCY H VAN DUYNE TRUSTEE 2.0 0.0 X 0 0 0 BORIS V VUCHIC SECRETARY, BOARD OF TRUSTEES 2.0 0.0 X X 0 0 0 DAVID B WYSHNER Treasurer, Board of Trustees 2.0 0.0 X X 0 0 0 Kathleen Hammond DeOss Trustee 2.0 0.0 X 0 0 0 DAVID S THOMAS TRUSTEE 2.0 0.0 X 0 0 0 KC ANTHONY ARTEMENKO Trustee 2.0 0.0 X 0 0 0 MARIA FEKETE BRUGG Trustee 2.0 0.0 X 0 0 0 TODD C BUILIONE Trustee 2.0 0.0 X 0 0 0 KATHERINE H EKLUND Trustee 2.0 0.0 X 0 0 0 PATRICIA L FAGIN Trustee 2.0 0.0 X 0 0 0 SHANE SIMMONS HARRIS Trustee 2.0 0.0 X 0 0 0 KATIE HERBST MACHIR Trustee 2.0 0.0 X 0 0 0 REBECCA S MAGRANE RED Trustee 2.0 0.0 X 0 0 0 1982778 0 304268 42 true true false JOHN O'HARA COMPANY INC 25 KEARNEY STREET EAST ORANGE NJ 07017 CONSTRUCTION 195471 AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICE 805454 BRAVO BUILDING SERVICE INC 1140 Rt 22 E Suite 202 BRIDGEWATER NJ 08807 CLEANING SERVICE 327853 PORZIO BROMBERG NEWMAN PC 100 Southgate Parkway PO Box 1997 MORRISTOWN NJ 079621997 Legal Services 255281 PAR CORPORATION INC 354 Route 206 2nd Floor FLANDERS NJ 07836 Construction 242653 13 5865616 119257 5865616 TUITION AND FEES 611600 28025857 28025857 AUXILIARY SERVICES 611600 1335239 1335239 29361096 508517 508517 0 0 0 0 0 9527608 8978180 549428 549428 549428 0 0 0 0 0 0 117695 155865 -38170 -38170 GLOBAL SERVICE LEARNING - TRIP FUNDS 900099 77223 77223 BOOK FAIR INCOME 900099 4598 4598 MISCELLANEOUS REVENUE 900099 212738 212738 294559 36541046 29617485 1057945 0 3425297 3425297 0 0 1868291 1004412 642763 221116 0 14020312 10017986 3364567 637759 1005067 730772 239451 34844 1815966 1028931 655370 131665 1122550 779260 283495 59795 0 158263 158263 65242 65242 0 0 82662 82662 179862 67059 2519 110284 127953 11600 116353 1521902 469827 812073 240002 414539 309805 90130 14604 0 1273446 1125372 148074 97536 39639 24430 33467 0 222545 138216 75774 8555 149525 149525 0 2505752 2174892 330860 222076 195685 26391 TEMPORARY EMPLOYMENT EXPENSE 16173 16173 EDUCATIONAL PROGRAM EXPENSE 1455778 1209786 200688 45304 DINING HALL 604922 604922 STUDENT TRANSPORTATION 132288 132288 145134 17834 124478 2822 32633081 23483583 7609281 1540217 X 1987086 5297421 0 0 1312833 3082324 220498 116273 0 0 0 0 0 0 158037 218616 1355183 1299403 67521892 22856573 44924587 44665319 16920776 16242308 986635 1093911 0 0 0 0 0 0 67865635 72015575 2301252 2040058 0 0 3485901 2715502 4356540 4178363 0 0 0 0 0 0 0 2396179 0 0 10143693 11330102 X 38433856 39915747 19288086 20769726 57721942 60685473 67865635 72015575 3907965 -944434 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18781126 1282290 -11550 426011 257357 19368498 20422370 211628 713949 419541 2147280 18781126 20485277 1299099 1115219 448800 886723 21564072 19048511 1356218 1685527 467521 1137458 20485277 19179227 736099 -1115254 486081 -734520 19048511 0.21000 0.74000 0.05000 true false 368323 368323 40821331 11595363 29225968 17205834 6317137 10888697 8043741 4690999 3352742 1082663 253074 829589 44665319 0 0 X 32213669 -3269432 -3269432 35483101 1057945 1057945 36541046 29280987 155865 155865 29125122 3507959 3507959 32633081 PART XI, Line 4B INVESTMENT INCOME - $508,517 REALIZED GAIN ON INVESTMENTS - $549,428 TOTAL - $ 1,057,945 PART XI, LIne 2d FINANCIAL AID - $(3,425,297) COST OF GOODS SOLD - $155,865 TOTAL - ($3,269,432) PART XII, LINE 4B FINANCIAL AID - $3,425,297 INVESTMENT MANAGEMENT FEE - $82,662 TOTAL - $3,507,959 PART XII, LINE 2D COST OF GOODS SOLD - $155,865 TOTAL - $155,865 SCHEDULE D, PART X, LINE 2 THE SCHOOL HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE (THE "IRS") AS AN ORGANIZATION DESCRIBED UNDER 501(c)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(a) OF THE CODE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2020 AND 2019, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. SCHEDULE D, PART V, LINE 4 THE ENDOWMENT SUPPORTS STUDENT FINANCIAL AID AND OTHER EDUCATIONAL PURPOSES SUCH AS PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF. SCHEDULE D, PART V, LINE 1A The current year beginning of year balance of Endowment Funds differs from the prior year end of year balance due to implementation of the new Accounting Standards Update, which restated the presentation of unrestricted board designated funds. true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3: A STATEMENT OF POLICY IS PUBLISHED IN THE LEGAL ADVERTISEMENT SECTION OF LOCAL NEWSPAPERS. true FINANCIAL AID 128 3425297 PART III, Line 1 FINANCIAL AID IS PROVIDED TO STUDENTS IN NEED IN ACCORDANCE WITH AN APPLICATION PROCESS. X true true X X X X X X true false false false false false false false false JENNIFER C GALAMBOS HEAD OF SCHOOL 371298 36000 92197 499495 GENEVIEVE D MADIGAN CHIEF FINANCIAL OFFICER 241371 11349 846 253566 ADUNNI ANDERSON DIRECTOR OF PRIMARY SHCOOL 203216 15184 246 218646 KAREN REZACH DIRECTOR OF ETHICS INSTITUTE 204901 23507 7582 235990 JENNIFER SIMPSON DIRECTOR OF COLLEGE ADVISING 198083 22292 246 220621 ELIZABETH WOODALL DIRECTOR OF UPPER SCHOOL 282366 282366 CORAL BROOKS Director of Advancement 209158 9785 15631 234574 JULIA MORGAN Director of Studies 178365 24600 26621 229586 PART II, COLUMN D NON-TAXABLE BENEFITS FOR INDIVIDUALS LISTED INCLUDE MEDICAL, DISBILITY AND PENSION BENEFITS PAID BY THE SCHOOL. NON-TAXABLE BENEFITS ALSO INCLUDE A HOUSING ALLOWANCE FOR THE HEAD OF SCHOOL. Part i, line 4a Elizabeth Woodall received a severance payment of $179,140 which is included in gross compensation listed on 990, page 7, part vii. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 000000000 2013-10-04 5022087 REFINANCING BANK LOAN & RENOVATION false false false A 0 0 5022087 0 0 0 106000 0 0 1090000 3826087 0 2016 false false true true A false false false false 0 false false false true A false true false false 0 false 0 false A true X 18 119257 Fair Market Value false true true PART I, Line 32b THE SCHOOL UTILIZES AN OUTSIDE BROKER TO FACILITATE THE SALE OF DONATED STOCKS. FORM 990, PART VI, SECTION B, Line 11 FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE FORM IS MADE AVAILABLE TO BOARD MEMBERS FOR 7 DAYS PRIOR TO FILING. FORM 990, PART VI, SECTION B, Line 12 THE HEAD OF SCHOOL MAINTAINS THE STATEMENTS OF CONFLICTS OF INTEREST. THE STATEMENTS ARE SIGNED ANNUALLY AND THE Committee on Trusteeship CHAIR FOLLOWS UP ON COMPLIANCE. NON-COMPLIANCE IS BROUGHT TO THE ATTENTION OF THE BOARD PRESIDENT FOR FURTHER FOLLOW-UP. FORM 990, PART VI, SECTION B, Line 15 THE COMPENSATION COMMITTEE, CONSISTING OF BOARD OF TRUSTEE MEMBERS, REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL AND COMPARES COMPENSATION TO ITS PEERS BASED ON SURVEYS PERFORMED BY SCHOOL ASSOCIATIONS and an independent compensation consultant. THE COMMITTEE REVIEWS THE KEY DATA AND PROVIDES A RECOMMENDATION TO THE PRESIDENT OF THE BOARD OF TRUSTEES. For key employees, the head of school determines compensation based on an annual performance review and periodically compares compensation to that of their peers based on surveys performed by school associations. FORM 990, PART VI, SECTION C, Line 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED SUBJECT TO WRITTEN REQUEST AND UPON APPROVAL BY THE BOARD OF TRUSTEES OR THEIR APPOINTED DESIGNEE. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART I, LINE 1 THE ONLY NONSECTARIAN GIRLS' DAY SCHOOL IN NJ, KENT PLACE SCHOOL PROVIDES A RIGOROUS AND FULFILLING EDUCATION FOR 600+ STUDENTS IN KINDERGARTEN THROUGH GRADE 12 WITH A COED PRESCHOOL.