2018-11-15T08:14:18-06:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-07-01 210727645 PRINCETON DAY SCHOOL INC PRIN 6099246700 PO BOX 75 PRINCETON NJ 08542 DULANY H GIBSON ASST HEAD OF SCHOOL FOR FIN 6099246700 2018-11-14 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 67.137.57.251 2018-11-14 16:04:59 ES P 49D45E06031322FC5F433B8196F1C5D2180A31DD B5F0C61FC85F921E2EFE2949432A568BEBE7A301 2017 2019-02-21 02:37:17Z PAUL STELLATO PO BOX 75 PRINCETON NJ 08542 50863593 0 X WWW.PDS.ORG X 1965 NJ THE SCHOOL STRIVES TO EDUCATE THE MIND, BODY, AND CHARACTER OF EACH OF ITS STUDENTS. THE SCHOOL SEEKS TO ACCOMPLISH ITS MISSION THROUGH VARIOUS PROGRAMS INCLUDING, BUT NOT LIMITED TO, CLASSROOM INSTRUCTION, PHYSICAL EDUCATION, THE ARTS (BOTH VISUAL AND PERFORMING), AND COMMUNITY SERVICE. 25 24 474 305 0 0 4789492 3169434 32450192 34100399 1869004 7119602 100508 47328 39209196 44436763 5408360 5605249 0 0 25373817 26469052 6280 3322 1649786 8010526 8225960 38798983 40303583 410213 4133180 124217495 124543729 31604552 29935656 92612943 94608073 PRINCETON DAY SCHOOL NURTURES THE MIND, THE BODY, AND THE CHARACTER OF EACH STUDENT. IN ACADEMICS, ATHLETICS, THE ARTS AND SERVICE, WE CELEBRATE THE PURSUIT OF INDIVIDUAL EXCELLENCE AND THE SPIRIT OF COLLABORATION THAT BINDS US TOGETHER AS A COMMUNITY. 0 0 32195056 5605249 34137923 INSTRUCTIONAL CO-EDUCATIONAL SCHOOL IN GRADES PRE-K THROUGH 12. EXPENSES COVER ALL AREAS OF ACADEMIC INSTRUCTION NECESSARY FOR THE SCHOOL TO EDUCATE ITS STUDENTS AND ACCOMPLISH ITS MISSION. 32195056 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 77 0 1 474 1 0 0 0 0 0 1 1 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 NJ X X DULANY H GIBSON 6099246700 PO BOX 75 PRINCETON NJ 08542 X DEEPINDER BHATIA TRUSTEE 1.00 X 0 0 0 MARC C BRAHANEY TRUSTEE 2.30 X 0 0 0 REBECCA W BUSHNELL CHAIR 5.00 X X 0 0 0 KUN DENG TRUSTEE 1.00 X 0 0 0 J CHRISTOPHER DRIES TRUSTEE 1.00 X 0 0 0 ASHLEY AITKEN-DAVIES TRUSTEE 1.00 X 0 0 0 GEORGIA GOSNELL TRUSTEE 1.00 X 0 0 0 CAROL P HERRING TRUSTEE 2.30 X 0 0 0 KAREN LAW TRUSTEE 1.00 X 0 0 0 DINESH JAIN TRUSTEE 1.00 X 0 0 0 LYNN JOHNSTON TRUSTEE 1.00 X 0 0 0 ADEOYE OLUKOTUN TRUSTEE 1.00 X 0 0 0 CINDY LINVILLE SECRETARY 2.30 X X 0 0 0 LORRAINE SCIARRA TRUSTEE 2.30 X 0 0 0 SHARI PHILLIPS TRUSTEE 2.30 X 0 0 0 DAVID RICHTER TRUSTEE 1.00 X 0 0 0 DAVID SCOTT TRUSTEE 2.30 X 0 0 0 MARK A TATUM TRUSTEE 1.00 X 0 0 0 JOHN C WELLEMEYER TRUSTEE 2.30 X 0 0 0 ROBERT WHITLOCK TRUSTEE 1.00 X 0 0 0 THOMAS B HARVEY VICE CHAIR 2.30 X X 0 0 0 MARK E THIERFELDER TREASURER 2.30 X X 0 0 0 LUCY ENGLANDER VAN DEN BRAND TRUSTEE 1.00 X 0 0 0 PAUL J STELLATO HEAD OF SCHOOL 70.00 X X 812267 0 251476 ELEANOR V HORNE TRUSTEE 1.00 X 0 0 0 DULANY H GIBSON ASSISTANT HEAD OF SCHOOL F 60.00 X 218761 0 90206 LISA S SURACE ASSOCIATE HEAD OF SCHOOL 60.00 X 181722 0 59707 RENEE PRICE HEAD OF MIDDLE SCHOOL 60.00 X 157929 0 48664 JASON ROBINSON HEAD OF UPPER SCHOOL 60.00 X 174501 0 39848 KATHY SCHULTE DIRECTOR OF ADVANCEMENT 60.00 X 174925 0 68290 JON OSTENDORF CHIEF INFORMATION OFFICER 60.00 X 193518 0 25627 1913623 0 583818 19 0 1 0 VJ SCOZZARI & SONS INC PO BOX 958 PENNINGTON NJ 08534 GENERAL CONTRACTOR 1782060 ARCHITECTURAL RESOURCES CAMBRIDGE 501 BOYLSTON STREET SUITE 4101 BOSTON MA 02116 ARCHITECTURAL SERVICES 471590 FLIK INDEPENDENT SCHOOLS PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 414247 METROPOLITAN FIRE PROTECTION CO INC 460 PARK WAY BROOMMALL PA 19008 SPRINKLER SYSTEM UPGRADES 212165 FOUR SEASONS TRANSPORTATION LLC 20 IRVEN STREET TRENTON NJ 08638 TRANSPORTATION 161539 9 125958 3043476 523446 3169434 TUITION 611600 32959179 32959179 SUMMER PROGRAMS 611600 877233 877233 STAY & PLAY 611600 102412 102412 AFTER SCHOOL COURSES 611600 73679 73679 MUSIC LESSONS 611600 53858 53858 34038 34038 34100399 2061702 2061702 576942 611062 -34120 -34120 -34120 10631173 5573273 5057900 5057900 5057900 104909 125958 58825 46084 46084 181510 183670 -2160 -2160 OTHER 900099 37524 37524 37524 44436763 34137923 0 7129406 5605249 5605249 814437 814437 18140508 14421725 2804344 914439 1603627 1282478 270936 50213 4575140 3638929 803930 132281 1335340 1049585 224031 61724 55722 55722 23100 23100 3322 3322 41843 41843 111772 111772 1302843 1015983 147835 139025 714318 637616 61681 15021 607529 499339 80449 27741 209026 146352 31633 31041 160099 24893 19088 116118 684874 684874 1772891 1457171 234766 80954 217552 217552 REPAIRS AND MAINTENANCE 1594627 1362336 172729 59562 PROFESSIONAL DEVELOPMEN 184951 184951 AUXILIARY SUPPLIES 116245 116245 MEMBERSHIP DUES AND SUB 67433 49088 18345 361135 67330 293805 40303583 32195056 6458741 1649786 11804607 5141673 3632893 3098864 386725 356012 23292 18077 95072 100446 660130 733488 69644422 26010857 41775605 43633565 32996287 44095986 31689796 26435568 1153088 930050 124217495 124543729 2647301 2434782 9133793 8665949 15767846 15785692 4055612 3049233 31604552 29935656 X 46360494 49118374 21074131 20192919 25178318 25296780 92612943 94608073 124217495 124543729 4133180 -2138050 0 X 0 1 X 1 0 X X 1 7.5 1 0 50.00 59161615 208423 3934758 864500 967646 61472650 54983319 991821 5986010 870649 1928886 59161615 57353632 1135399 -1247429 809666 1448617 54983319 53003850 6071760 42913 760433 1004458 57353632 45078800 3254961 6145621 624500 650724 53204158 0.39000 0.41000 0.20000 0 0 2615094 2615094 56315005 19928293 36386712 7506601 6082564 1424037 3207722 3207722 43633565 ALTERNATIVE INVESTMENTS 26435568 F 26435568 SWAP AGREEMENT 3049233 3049233 X 37488196 -2138050 794732 -1343318 38831514 5605249 5605249 44436763 35493066 794732 794732 34698334 5605249 5605249 40303583 PART II, LINE 9: THE SCHOOL'S CONSERVATION EASEMENT REPRESENTS 7.5 ACRES OF LAND PURCHASED IN JUNE 2001. WHILE THE SCHOOL HAS AGREED TO KEEP THE LAND AS OPEN SPACE, IN 2012 AN OUTDOOR CLASSROOM WAS BUILT THAT MEETS THE INTENT OF THE CONSERVATION AND AGRICULTURAL EASEMENT AND WAS APPROVED BY THE D&R GREENWAY LAND TRUST WHO HOLDS THE EASEMENT ON THE PROPERTY. THE LAND IS INCLUDED IN THE PROPERTY, PLANT AND EQUIPMENT SECTION OF THE AUDITED FINANCIAL STATEMENTS. LAND IS A NON-DEPRECIABLE ASSET, THEREFORE, THERE ARE NO EFFECTS ON THE REVENUE AND EXPENSE STATEMENT. MONITORING OF EASEMENT COMPLIANCE IS DONE BY THE DIRECTOR OF FACILITIES AND MEMBERS OF FACILITIES STAFF MONTHLY. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF FUNDS THAT HAVE BEEN ESTABLISHED BY DONORS AND THE SCHOOL TO SUPPORT FINANCIAL AID, FACULTY COMPENSATION, PROFESSIONAL DEVELOPMENT, AND OTHER GENERAL OPERATIONS. PART X, LINE 2: THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) SO THIS DISCLOSURE IS NO LONGER REQUIRED BASED ON RECENT GUIDANCE BY THE AICPA. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 611,062. BOOKSTORE COST OF GOODS SOLD 183,670. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - NEED BASED 5,605,249. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 611,062. BOOKSTORE COST OF GOODS SOLD 183,670. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - NEED BASED 5,605,249. 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 SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN VARIOUS NEWSPAPERS AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FUNDS FROM THE FEDERAL NO CHILD LEFT BEHIND ACT IN SUPPORT OF PROFESSIONAL DEVELOPMENT FOR FACULTY FOR ENHANCEMENT OF TEACHING METHODS FOR READING LITERACY AND MATHEMATICS. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT TRIPS 60100 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDENT TRIPS 35832 0 0 0 0 0 0 95932 0 95932 0 0 0 0 0 0 AUCTION 223027 119768 103259 5567 47165 HOCKEY TOURNAMENT 7840 6190 1650 6093 230867 125958 104909 5567 53258 58825 46084 1 NEED-BASED SCHOLARSHIPS 243 5605249 PART I, LINE 2: NEED-BASED SCHOLARSHIPS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS, REDUCING THE AMOUNT DUE. RECIPIENTS ARE REQUIRED TO FILE A FINANCIAL STATEMENT WITH AN INDEPENDENT AGENCY WHO EVALUATES THE STATEMENT AND MAKES A RECOMMENDATION TO THE SCHOOL OF THE AMOUNT OF SCHOLARSHIP THE APPLICANT SHOULD RECEIVE. THE SCHOOL CONSIDERS THE RECOMMENDATION TOGETHER WITH THE TOTAL FUNDS AVAILABLE FOR SCHOLARSHIPS AND MAKES AWARDS ACCORDINGLY BASED UPON THE NEED OF THE STUDENT AND THE AVAILABILITY OF FUNDS. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 PAUL J STELLATO HEAD OF SCHOOL 368127 0 0 0 444140 0 149250 0 102226 0 1063743 0 370000 0 DULANY H GIBSON ASSISTANT HEAD OF SCHOOL F 218761 0 0 0 0 0 17104 0 73102 0 308967 0 0 0 LISA S SURACE ASSOCIATE HEAD OF SCHOOL 181722 0 0 0 0 0 13925 0 45782 0 241429 0 0 0 RENEE PRICE HEAD OF MIDDLE SCHOOL 157929 0 0 0 0 0 11936 0 36728 0 206593 0 0 0 JASON ROBINSON HEAD OF UPPER SCHOOL 174501 0 0 0 0 0 13845 0 26003 0 214349 0 0 0 KATHY SCHULTE DIRECTOR OF ADVANCEMENT 174925 0 0 0 0 0 18307 0 49983 0 243215 0 0 0 JON OSTENDORF CHIEF INFORMATION OFFICER 193518 0 0 0 0 0 14752 0 10875 0 219145 0 0 0 PART I, LINE 1A ITEMS NOTED IN 1A ARE PROVIDED TO THE HEAD OF SCHOOL. HOUSING IS PROVIDED TO THE HEAD OF SCHOOL AND ASST HEAD OF SCHOOL FOR FINANCE AND OPERATIONS, AS THE BOARD OF TRUSTEES FEELS THE RESPONSIBILITIES OF THE POSITIONS REQUIRE A CONTINUOUS PRESENCE ON CAMPUS. SOCIAL CLUB DUES ARE PROVIDED TO THE HEAD OF SCHOOL FOR CLUB USE FOR BUSINESS MEETINGS AND DONOR MEETINGS. HOUSE CLEANING IS PROVIDED TO THE HEAD OF SCHOOL AND ASST HEAD OF SCHOOL FOR FINANCE AND OPERATIONS AS PART OF A CONTINUOUS MAINTENANCE PROGRAM FOR THE HOUSES. PART I, LINE 4B PAUL STELLATO $129,000 A PUBLIC FINANCE AUTHORITY 273866124 NONEAVAIL 2016-09-13 30535375 REFUND PRIOR ISSUE, CONSTRUCTION 0 0 0 A 15000000 16285375 535375 750000 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 BANK OF NEW YORK MELLON 30.000000000000 0 0 0 0 0 A 0 PART II, LINE 3A: THE SCHOOL INTENDS TO DRAW ADDITIONAL PROCEEDS FROM THE BOND ISSUE FOR FUTURE CONSTRUCTION PROJECTS. VICTORIA GIBSON DAUGHTER, D GIBSON, ASST HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 48080 EMPLOYMENT 0 MAUREEN STELLATO WIFE, P STELLATO, HEAD OF SCHOOL 50920 EMPLOYMENT 0 X 23 523446 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES IS PROVIDED A FINAL COPY OF THE FORM 990 AND ALL REQUIRED SCHEDULES THAT ARE AVAILABLE TO THE PUBLIC PRIOR TO ITS FILING. THE FORM 990 AND ALL REQUIRED SCHEDULES THAT ARE AVAILABLE TO THE PUBLIC ARE REVIEWED AND APPROVED AT A MEETING OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO BEING MADE AVAILABLE TO THE ENTIRE BOARD. ANY QUESTIONS REGARDING THE CONTENTS OF THE RETURN ARE ADDRESSED AT THAT MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD OF TRUSTEE AND NON-TRUSTEE BOARD COMMITTEE MEMBER IS REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. TRUSTEES AND COMMITTEE MEMBERS ARE ALSO REQUIRED TO REVIEW AND SIGN A COMPLIANCE QUESTIONNAIRE IN REGARDS TO THE CONFLICT OF INTEREST POLICY. TRUSTEES AND COMMITTEE MEMBERS ARE EXPECTED TO KEEP THE BOARD CHAIR INFORMED OF ANY POTENTIAL CONFLICTS OF INTEREST REGARDING BUSINESS AFFAIRS OF THE SCHOOL. WHETHER A CONFLICT OF INTEREST EXISTS SHALL BE DETERMINED BY THE BOARD CHAIR IN CONSULT WITH THE CHAIR OF THE COMMITTEE ON TRUSTEES. IF A CONFLICT DOES EXIST, THAT TRUSTEE OR COMMITTEE MEMBER MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SAID TRUSTEE OR COMMITTEE MEMBER MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS. THE TRUSTEE OR COMMITTEE MEMBER WILL LEAVE THE MEETING DURING THE DISCUSSION OF THE MATTER RESULTING IN THE CONFLICT. PERSONS COVERED BY THE CONFLICT OF INTEREST POLICY INCLUDE TRUSTEES, COMMITTEE MEMBERS AND THEIR FAMILIES. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE SALARY INFORMATION IS GATHERED FROM NATIONAL AND REGIONAL ASSOCIATIONS AND IS USED IN DETERMINING THE SALARIES FOR THE HEAD OF SCHOOL AND SENIOR LEADERSHIP TEAM. THIS REVIEW IS DONE ON AN ANNUAL BASIS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS CHARGED WITH DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL BASED ON DATA FROM OTHER COMPARABLE INSTITUTIONS AND ON EVALUATION OF THE HEAD OF SCHOOL'S PERFORMANCE. THE HEAD OF SCHOOL'S PERFORMANCE IS EVALUATED ANNUALLY THROUGH A PROCESS MANAGED BY THE BOARD CHAIR WITH INPUT FROM ALL MEMBERS OF THE BOARD. SALARY FOR THE SENIOR LEADERSHIP TEAM IS DETERMINED ON AN ANNUAL BASIS AS A PART OF A FORMAL PERFORMANCE APPRAISAL. COMPARABLE SALARY INFORMATION IS GATHERED BY THE HEAD OF SCHOOL WHO PERFORMS THE ANNUAL PERFORMANCE APPRAISAL AND DETERMINES AN APPROPRIATE SALARY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. AS SUCH DOCUMENTS ARE NOT REQUIRED TO BE MADE PUBLICLY AVAILABLE, EACH REQUEST IS REVIEWED AND EITHER APPROVED OR DENIED ON AN INDIVIDUAL BASIS. THE SCHOOL ALSO SUBMITS THE FINAL FORM 990 AND ALL REQUIRED SCHEDULES THAT ARE AVAILALBE TO THE PUBLIC TO GUIDESTAR.ORG. FORM 990, PART VI, SECTION B, LINE 14: ALTHOUGH THE SCHOOL DOES NOT HAVE A FORMAL, WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, THE SCHOOL USES FEDERAL AND STATE GUIDELINES IN REGARDS TO MAINTAINING ALL BUSINESS DOCUMENTATION.