2019-04-15T11:22:09-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF WECKESSER CHIEF FINANCIAL & OPERATING OFFICER 9086475555 2019-04-12 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 67.137.57.251 2019-04-12 15:00:52 ED P AF616F116917C551B4DEF99051D0BDBE8FF0EACC 49D45E06031322FC5F433B8196F1C5D2180A31DD 2017 2019-02-21 02:37:17Z THE PINGRY SCHOOL OLAF WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 89190215 0 X WWW.PINGRY.ORG X 1861 NJ TO FOSTER A COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH & SOCIAL RESPONSIBILITY 27 27 489 566 -105576 -107845 3538148 4667253 45007160 46347532 1556285 8095828 1034184 1286339 51135777 60396952 6117346 6396067 0 0 28060328 29134224 0 0 2226125 18553064 26348275 52730738 61878566 -1594961 -1481614 197860527 195674912 32791603 34372061 165068924 161302851 X THE MISSION OF THE PINGRY SCHOOL IS TO FOSTER IN STUDENTS A LIFELONG COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH AND SOCIAL RESPONSIBILITY BY INSPIRING AND SUPPORTING THEM TO STRIVE FOR ACADEMIC AND PERSONAL EXCELLENCE WITHIN AN ETHICAL FRAMEWORK THAT PLACES THE HIGHEST VALUE ON HONOR AND RESPECT FOR OTHERS. 0 0 46783071 6396067 46347532 THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1130 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF. 46783071 1 1 0 0 0 0 0 0 0 1 1 1 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 1 120 0 489 1 1 1 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 HI MD MA MI NY OR WV X OLAF WECKESSER 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 EDWARDS JEFFREY N CHAIRMAN OF BOARD 8.00 X X 0 0 0 SHRANK IAN S VICE CHAIR 8.00 X X 0 0 0 WYMAN PROCTER KATHARINE SECRETARY 4.00 X X 0 0 0 PEACOCK JONATHAN M TREASURER 4.00 X X 0 0 0 LEDERMAN STUART M ASSISTANT SECRETARY 4.00 X X 0 0 0 ANGELIDES ANTHE TRUSTEE 2.00 X 0 0 0 BARRAL STEPHEN M TRUSTEE 2.00 X 0 0 0 BECKMEN JANICE C TRUSTEE 2.00 X 0 0 0 BUILIONE TODD C TRUSTEE 2.00 X 0 0 0 DAVICH ARLYN TRUSTEE 2.00 X 0 0 0 DELANEY ANNE TRUSTEE 2.00 X 0 0 0 ENG KEVIN D TRUSTEE 2.00 X 0 0 0 GRANT DENISE M TRUSTEE 2.00 X 0 0 0 HEGENER HILARY R TRUSTEE 2.00 X 0 0 0 HOLMAN JOHN W III TRUSTEE 2.00 X 0 0 0 ITTYCHERIA DEV C TRUSTEE 2.00 X 0 0 0 LARSON CRAIG A TRUSTEE 2.00 X 0 0 0 LI GWEN TRUSTEE 2.00 X 0 0 0 LINK STEPHANIE TRUSTEE 2.00 X 0 0 0 LIPPER STEVEN M TRUSTEE 2.00 X 0 0 0 MULLINS DONALD C JR TRUSTEE 2.00 X 0 0 0 O'TOOLE MAGGIE TRUSTEE 2.00 X 0 0 0 OVERDECK LAURA TRUSTEE 2.00 X 0 0 0 SAUNDERS AMY B TRUSTEE 2.00 X 0 0 0 SCURCI JULIAN H TRUSTEE 2.00 X 0 0 0 WILF JONATHAN Z TRUSTEE 2.00 X 0 0 0 WELDON WOODY TRUSTEE 2.00 X 0 0 0 CONARD NATHANIEL E HEADMASTER 40.00 X 485034 0 96701 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 273219 0 75723 LEAR TIMOTHY P DIR. OF COLLEGE COUNSELING 40.00 X 167437 0 121355 HOFFMANN MELANIE P DIR. OF INST. ADVANCEMENT 40.00 X 208272 0 107696 BRUNHOUSE ALLISON C DIR. OF ADMISSION & ENROLLMENT 40.00 X 156966 0 29331 BUGLIARI MILLER A ASSISTANT TO HEADMASTER 40.00 X 202335 0 25922 CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER 40.00 X 188109 0 34511 1681372 0 491239 54 0 1 0 CLARK COMPANIES PO BOX 427 DELHI NY 13753 CONSTRUCTION SERVICES 2880228 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLETIMONIUM MD 21093 STUDENT FOOD SERVICE 1875077 NOVA SERVICES GROUP LLC 726 US-202 320 BRIDGEWATER NJ 08807 CLEANING AND JANITORIAL SERVICES 493547 KENSINGTON BUS COMPANY INC PO BOX 649 LEBANON NJ 08833 STUDENT TRANSPORTATION 450257 VENABLE LLP 1290 AVENUE OF THE AMERICAS NEW YORK NY 10104 LEGAL SERVICES 350954 24 159530 4507723 228778 4667253 TUITION AND FEES 611600 43565661 43565661 AUXILIARY SERVICES 611600 2781871 2781871 46347532 2199646 -105576 2305222 697667 98131 599536 599536 599536 34273130 28376948 5896182 5896182 5896182 95258 159530 142922 -47664 -47664 267793 175262 92531 92531 MISCELLANEOUS 900099 641936 641936 641936 60396952 46347532 -105576 9487743 X 6396067 6396067 943589 943589 22023908 19141815 1694192 1187901 1648029 1417002 140487 90540 2900909 2468023 276036 156850 1617789 1353416 177896 86477 394045 394045 151997 151997 342457 342457 7893176 7845176 48000 1764778 689126 741732 333920 387105 387105 2840551 2781468 47721 11362 5167 5167 520482 509656 8744 2082 5234417 5125541 87938 20938 725789 710693 12193 2903 INSTRUCTIONAL 2986264 2986264 STUDENT FOOD SERVICE 1572104 1572104 STUDENT ATHLETICS 585205 585205 PROFESSIONAL GROWTH 473130 473130 471608 186456 285152 61878566 46783071 12869370 2226125 2588008 9391568 8806619 15634549 7777245 5290789 50583 38285 140805 152530 231826 217087 126897053 57620787 70156754 69276266 60699914 47546154 37591396 39118616 9817377 9009068 197860527 195674912 6030491 5589909 5144509 8304777 18316603 17177375 3300000 3300000 32791603 34372061 X 84326478 82198718 56499778 53668372 24242668 25435761 165068924 161302851 197860527 195674912 X -1481614 -2424295 139836 X X 0 1 X 1 0 X 93029209 2809259 5304078 10879062 90263484 87771951 1190906 7855847 3789495 93029209 87179801 7079321 -2725678 3761493 87771951 86867773 984645 3245814 3918431 87179801 75014987 6235810 9299020 1770019 1912025 86867773 0.24370 0.28180 0.47450 0 0 2643643 2643643 111454800 50066852 61387948 11691541 7272547 4418994 1107069 281388 825681 69276266 ALTERNATIVE INVESTMENTS 39118616 F 39118616 X 51790284 -2424295 139836 -2284459 54074743 342457 5979752 6322209 60396952 55556357 416315 416315 55140042 342457 6396067 6738524 61878566 PART V, LINE 4: THE CORPORATION RECEIVES GIFTS INTENDED TO PRODUCE INCOME IN PERPETUITY FOR THE SCHOOL TO FINANCE FACULTY SUPPORT, FINANCIAL AID, AS WELL AS GENERAL OPERATIONS. THE CORPORATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT AND BOARD-DESIGNATED ASSETS THAT ATTEMPT TO 1) PROVIDE A STREAM OF RELATIVELY PREDICTABLE, STABLE AND CONSTANT FUNDING IN SUPPORT OF ANNUAL BUDGETARY NEEDS; AND 2) PRESERVE, IF NOT ENHANCE, THE REAL INFLATION-ADJUSTED PURCHASING POWER OF THE FUND AFTER MANAGMENT EXPENSES AND SPENDING. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE CORPORATION MUST HOLD IN PERPETUITY, FOR DONOR-SPECIFIED PERIODS, AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER INTENDED TO PRODUCE RESULTS THAT 1) ATTAIN AN AVERAGE ANNUAL NOMINAL TOTAL RETURN (BEFORE INFLATION) THAT IS EQUAL TO OR EXCEEDS ANNUAL SPENDING PLUS FUND MANAGEMENT COSTS OVER ROLLING FIVE-YEAR PERIODS; 2) OUTPERFORM THE FUND'S CUSTOM BENCHMARK; AND 3) BETTER THE MEDIAN RETURN OF A PEER GROUP OF INDEPENDENT SCHOOLS WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2018 AND 2017, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 139,836. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,396,067. RECLASS COST OF SALES -175,262. RECLASS FACILITY RENTAL EXPENSES -98,131. RECLASS SPECIAL EVENT EXPENSES -142,922. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF SALES 175,262. RECLASS FACILITY RENTAL EXPENSES 98,131. RECLASS SPECIAL EVENT EXPENSES 142,922. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,396,067. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN VARIOUS NEWSPAPERS AND PROMOTIONAL MATERIALS. PSPA SPRING SOIREE 251600 159530 92070 114397 28017 251600 159530 92070 114397 28017 142414 -50344 1 NEED BASED FINANCIAL AID 168 5059362 TUITION REMISSION FOR CHILDREN OF FACULTY/STAFF 49 1336705 PART I, LINE 2: ALL ASSISTANCE IS PROVIDED AS A SCHOLARSHIP TO PINGRY, NO FUNDS ARE PROVIDED DIRECTLY TO RECIPIENTS AND THEREFORE PROPER ALLOCATION TO INTENDED PURPOSE IS ENSURED. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 CONARD NATHANIEL E HEADMASTER 425034 0 0 0 60000 0 75175 0 21526 0 581735 0 0 0 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 273219 0 0 0 0 0 16896 0 58827 0 348942 0 0 0 LEAR TIMOTHY P DIR. OF COLLEGE COUNSELING 167437 0 0 0 0 0 13330 0 108025 0 288792 0 0 0 HOFFMANN MELANIE P DIR. OF INST. ADVANCEMENT 208272 0 0 0 0 0 18380 0 89316 0 315968 0 0 0 BRUNHOUSE ALLISON C DIR. OF ADMISSION & ENROLLMENT 156966 0 0 0 0 0 11762 0 17569 0 186297 0 0 0 BUGLIARI MILLER A ASSISTANT TO HEADMASTER 202335 0 0 0 0 0 17427 0 8495 0 228257 0 0 0 CORVINO THEODORE M ASSISTANT HEADMASTER/LOWER 188109 0 0 0 0 0 18756 0 15755 0 222620 0 0 0 PART I, LINE 4B THE HEADMASTER RECEIVED $50,000 IN A NON-QUALIFIED RETIREMENT PLAN. A PUBLIC FINANCE AUTHORITY SERIES 2015 A & B 273866124 2015-02-17 20500000 SEE PART IV 0 0 0 A 3228007 20500000 12892074 7607926 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 1 0 0 0 1 A 1 PART I, A PURPOSE OF ISSUANCE WAS TO FUND CAMPUS IMPROVEMENTS ($12,892,074) AND TO REFUND 2012 NJEDA BONDS ($7,607,926) PART IV 2C, COLUMN A IN THE OPINION OF BOND COUNSEL, ALL GROSS PROCEEDS OF THE BONDS SUBJECT TO THE ARBITRAGE REBATE REQUIREMENT IMPOSED UNDER SECTION 148(F) OF THE CODE HAVE BEEN EXPENDED PRIOR TO THE REBATE COMPUTATION DATE, AND THAT NO ARBITRAGE REBATE AMOUNT IS DUE. X 2 9750 FAIR MARKET VALUE X 12 207389 FAIR MARKET VALUE X MUSIC DEPARTMENT 1 4999 FAIR MARKET VALUE X FENCING EQUIPMENT 1 4950 FAIR MARKET VALUE X EVENT TICKETS 1 1690 FAIR MARKET VALUE 1 0 1 1 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS IN EACH CATEGORY. PART I, LINE 32B: THE SCHOOL USED THEIR INVESTMENT BROKERS TO SELL THEIR CONTRIBUTED MARKETABLE SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT FOR THE BOARD OF TRUSTEES AND CONSISTS OF THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO MANAGEMENT TO POST ON-LINE FOR TRUSTEE ACCESS. AT THAT POINT TRUSTEES ARE NOTIFIED THAT THE RETURN IS AVAILABLE FOR THEIR REVIEW. MEMBERS OF THE BOARD OF TRUSTEES REVIEW THE DRAFT FORM 990 AND DIRECT COMMENTS AND RECOMMENDATIONS TO MANAGEMENT. ONCE ALL COMMENTS AND RECOMMENDATIONS HAVE BEEN ADDRESSED AND CHANGES HAVE BEEN MADE THE FORM 990 IS APPROVED BY THE BOARD OF TRUSTEES AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES, HEADMASTER AND CHIEF FINANCIAL OFFICER DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. THE POTENTIAL CONFLICTS ARE REPORTED TO THE HEAD OF THE AUDIT COMMITTEE. THE EXECUTIVE COMMITEE MAKES FINAL DETERMINATION AS TO WHETHER A CONFLICT EXISTS. WHEN A CONFLICT ARISES, THE INDIVIDUAL WILL NOT VOTE ON THE CONTRACT OR TRANSACTION OR EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE OF MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE HEADMASTER'S COMPENSATION IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN CONSULTATION WITH AN INDEPENDENT COMPENSATION CONSULTANT, BASED ON A REVIEW OF HEADMASTER'S PERFORMANCE AND COMPARABLE BENCHMARKING INFORMATION FROM NAIS AND INDEX. THE DELIBERATION BY THE COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD IS DOCUMENTED IN EACH COMMITTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,677. FUNDRAISING EXPENSES 48,000. TOTAL EXPENSES 54,677. SETTLEMENT AND RELATED EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,838,499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,838,499. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 139,836. FORM 990, PART XII, LINE 2C: PINGRY HAS AN AUDIT COMMITTEE WHO IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.