2020-03-06T14:19:04-06:00 2019-06-30 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2018-07-01 221487233 Kent Place School % GENEVIEVE MADIGAN KENT 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07901 GENEVIEVE MADIGAN CFO 9082730900 2020-01-31 true MICHAEL SOMER P00094591 7322437000 64.238.150.4 20870020200655000109 2020-03-05 P 5118C11FC3D21C59585F5616FBC2560A2F871A69 8F0D8E3587AB5346871F4D3D762C97BC658447EA 2018 2020-09-23 17:36:50Z GENEVIEVE MADIGAN 42 NORWOOD AVENUE SUMMIT NJ 07901 37809326 false X www.kentplace.org X 1894 NJ SEE SCHEDULE O 28 26 385 500 0 3141228 2415824 27187353 28826854 1052603 793443 301742 105163 31682926 32141284 3114118 3280406 0 0 18105718 19267381 0 0 1395867 8690488 9445033 29910324 31992820 1772602 148464 67948989 67865635 10398821 10143693 57550168 57721942 X FOR OVER 100 YEARS, KENT PLACE'S MISSION IS TO OFFER STUDENTS OF DIVERSE BACKGROUNDS IN PRESCHOOL THROUGH GRADE 12 AN ACADEMICALLY RIGOROUS CURRICULUM IN A CARING ATMOSPHERE, TO INSPIRE YOUNG WOMEN TO LEADERSHIP AND TO STRENGTHEN MORAL AWARENESS. KENT PLACE PROVIDES THE STIMULUS FOR EACH STUDENT TO ACHIEVE HER FULL ACADEMIC, PHYSICAL AND CREATIVE POTENTIAL, TO LOVE LEARNING, TO GAIN CONFIDENCE, TO LIVE RESPONSIBLY AND TO DEVELOP RESPECT FOR HERSELF AND OTHERS IN THE GLOBAL COMMUNITY. false false 23353168 3280406 28826854 OUR CURRICULUM AT KENT PLACE BEST EXPRESSES OUR COMMITMENT TO CHALLENGING GIRLS, INSPIRING THEIR LOVE OF LEARNING AND OFFERING THE RICHEST EDUCATION POSSIBLE. CLASSES ARE TAUGHT BY FACULTY WHO ARE MASTERS IN THEIR FIELDS AND PASSIONATE ABOUT LEARNING. VISUAL AND PERFORMING ARTS, AS WELL AS SPORTS INSTRUCTION, ARE AVAILABLE TO STUDENTS. IN A TYPICAL YEAR, MORE THAN 90 OF UPPER SCHOOL STUDENTS DEVOTE OVER 7,000 HOURS TO COMMUNITY SERVICE, AS WELL AS HAVE ENGAGED IN OUR GLOBAL SERVICE LEARNING INITIATIVE. KENT PLACE OFFERS SUMMER PROGRAMS WITH TRADITIONAL DAY CAMP, ENRICHMENT ACADEMIES, AND THE GIRLS LEADERSHIP INSTITUTE. KENT PLACE ALSO HAS AN ETHICS INSTITUTE, AFTERSCHOOL ENRICHMENT PROGRAMS, EXTENDED CARE, AND A GREEN CAMPUS INITIATIVE. OUR ETHICS INSTITUTE, A FIRST-OF-ITS-KIND AT THE ELEMENTARY AND SECONDARY SCHOOL LEVELS, BELIEVES THAT FOSTERING ETHICAL THINKING AND ETHICAL DECISION-MAKING IN THE YOUNGEST OF CHILDREN PREPARES THEM TO BE THE MOST EFFECTIVE LEADERS AND COMPASSIONATE CITIZENS OF TOMORROW. 23353168 true true false false false false false false false true true false false false false true true false true false false false false false 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 94 0 true 385 true false false false false false true true false false false false false false X 28 26 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 G ALEX CRISPO PRESIDENT, BD OF TRUSTEEs 2.0 0.0 X X 0 0 0 ALICIA F COTTER TRUSTEE 2.0 0.0 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 SECRETARY, BD OF TRUSTEEs 2.0 0.0 X X 0 0 0 ARJUN N MURTI Trustee 2.0 0.0 X 0 0 0 LINDA ESTEY TrusteE 2.0 0.0 X 0 0 0 JENNIFER C GALAMBOS HEAD OF SCHOOL 40.0 0.0 X X 324598 0 123290 CHRISTINE CHAMBERS GILFILLAN Trustee 2.0 0.0 X 0 0 0 JENNIFER T GROGAN Trustee 2.0 0.0 X 0 0 0 CHRISTINE P HAYWARD 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 ABIMBOLA LAWRENCE-OLOKO Trustee 2.0 0.0 X 0 0 0 LINDSAY MOHR MADER Trustee 2.0 0.0 X 0 0 0 GREG MAYES Trustee 2.0 0.0 X 0 0 0 MARK MILLER Trustee 2.0 0.0 X 0 0 0 SUSANNE SANTOLA MULLIGAN 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 EDITH M ZABRISKIE TRUSTEE 2.0 0.0 X 84319 0 17926 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 Vice President, BD of Trustee 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 DeOssie Trustee 2.0 0.0 X 0 0 0 DAVID S THOMAS TRUSTEE 2.0 0.0 X 0 0 0 GENEVIEVE D MADIGAN CHIEF FINANCIAL OFFICER 40.0 0.0 X 217688 0 11865 ADUNNI ANDERSON DIRECTOR OF PRIMARY SHCOOL 40.0 0.0 X 182835 0 15060 JULIA WALL Director of Admission & Faid 40.0 0.0 X 147335 0 12246 KAREN REZACH DIRECTOR OF ETHICS INSTITUTE 40.0 0.0 X 184263 0 30516 JENNIFER SIMPSON DIRECTOR OF COLLEGE ADVISING 40.0 0.0 X 179023 0 21994 ELIZABETH WOODALL DIRECTOR OF UPPER SCHOOL 40.0 0.0 X 166039 0 37699 1486100 0 270596 29 false true false JOHN O'HARA COMPANY INC 25 KEARNEY STREET EAST ORANGE NJ 07017 CONSTRUCTION 892287 AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICE 787986 KSQ ARCHITECT PC 323 EAST MATHEW BRADY STREET TULSA OK 74120 ARCHITECTS 291506 BRAVO BUILDING SERVICE INC 29 KING GEORGE ROAD GREEN BROOK NJ 08812 CLEANING SERVICE 290749 HUTCHINS HVASC INC 12 Rothbard Road HAZLET NJ 07730 HVAC SERVICE 255163 8 X 140187 2275637 325503 2415824 TUITION AND FEES 611600 27474308 27474308 AUXILIARY SERVICES 611600 1352546 1352546 28826854 641426 641426 0 0 0 0 0 5513769 5361752 152017 152017 152017 183617 140187 170204 13413 13413 0 0 0 133497 136086 -2589 -2589 GLOBAL SERVICE LEARNING - TRIP FUNDS 900099 42321 42321 BOOK FAIR INCOME 900099 5463 5463 MISCELLANEOUS REVENUE 900099 46555 46555 94339 32141284 28918604 806856 0 3280406 3280406 0 0 1712071 941778 770293 0 13683992 10000962 2938800 744230 989420 703608 235464 50348 1789747 1003202 670938 115607 1092151 777776 261057 53318 0 179179 179179 50610 50610 0 0 78452 78452 159091 48528 24950 85613 163746 17445 146301 1327754 441072 654137 232545 702047 535757 152261 14029 0 1372126 1204807 167319 108931 53916 35547 19468 0 231634 128654 92826 10154 139900 139900 0 2355838 2044773 311065 216720 190285 26435 TEMPORARY EMPLOYMENT EXPENSE 61100 61100 INSTRUCTIONAL EXPENSE 1243942 1033456 210486 DINING HALL 711856 711856 STUDENT TRANSPORTATION 125701 125701 216406 109186 36665 70555 31992820 23353168 7243785 1395867 X 2309319 1987086 0 0 1981666 1312833 301112 220498 0 0 0 0 0 0 155323 158037 577454 1355183 65275408 20350821 45073141 44924587 16576597 16920776 974377 986635 0 0 0 0 0 0 67948989 67865635 2131980 2301252 0 0 3732124 3485901 4534717 4356540 0 0 0 0 0 0 0 0 0 0 10398821 10143693 X 38154888 38433856 5233532 5001733 14161748 14286353 57550168 57721942 67948989 67865635 148464 23310 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20422370 211628 713949 419541 2147280 18781126 20485278 1299098 1115219 448800 886723 21564072 19048511 1356218 1685527 467521 1137458 20485277 19179227 736099 -1115254 486081 -734520 19048511 20401497 253525 12453 443070 1045178 19179227 0.15000 0.76000 0.09000 true false 368323 368323 40821331 10589005 30232326 15679116 5548723 10130393 7286711 3990894 3295817 1119927 222199 897728 44924587 0 0 X 28373725 -2974116 -2974116 31347841 793443 793443 32141284 28940252 306290 306290 28633962 3358858 3358858 31992820 PART XI, Line 4B INVESTMENT INCOME - $641,426 REALIZED GAIN ON INVESTMENTS - $152,017 TOTAL - $ 793,443 PART XI, LIne 2d FINANCIAL AID - $(3,280,406) DIRECT FUNDRAISING EXPENSE - $170,204 COST OF GOODS SOLD - $136,086 TOTAL - ($2,974,116) PART XII, LINE 4B FINANCIAL AID - $3,280,406 INVESTMENT MANAGEMENT FEE - $78,452 TOTAL - $3,358,858 PART XII, LINE 2D DIRECT FUNDRAISING EXPENSES - $170,204 COST OF GOODS SOLD - $136,086 TOTAL - $306,290 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, 2019 AND 2018, 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, 2019 AND 2018. 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. Spring Fling 251395 91912 159483 81405 1000 45300 Golf Outing 72409 48275 24134 31162 11337 0 323804 140187 183617 112567 1000 56637 170204 13413 42 NORWOOD AVENUE SUMMIT NJ 07901 true FINANCIAL AID 124 3280406 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 false false false false false false false false false JENNIFER C GALAMBOS HEAD OF SCHOOL 324598 33475 89815 447888 GENEVIEVE D MADIGAN CHIEF FINANCIAL OFFICER 217688 11019 846 229553 ADUNNI ANDERSON DIRECTOR OF PRIMARY SHCOOL 182835 14814 246 197895 JULIA WALL Director of Admission & Faid 147335 12000 246 159581 KAREN REZACH DIRECTOR OF ETHICS INSTITUTE 184263 22934 7582 214779 JENNIFER SIMPSON DIRECTOR OF COLLEGE ADVISING 179023 21748 246 201017 ELIZABETH WOODALL DIRECTOR OF UPPER SCHOOL 166039 20871 16828 203738 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. 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 232611 Fair Market Value X SPRING FLING DONATIONS 217 89067 MARKET VALUE X GOLF OUTING donations 8 3825 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.