2025-11-12T14:53:34-06:00 2025-06-30 946214841 ARMANINO ADVISORY LLC 15950 N DALLAS PKWY 600 DALLAS TX 75248 990 2024-07-01 221487293 THE PECK SCHOOL PECK 9735398660 247 SOUTH STREET MORRISTOWN NJ 07960 KRISTEN RUGEL CFO AND DIRECTOR OF OPERATIONS 9735396894 2025-11-12 1 1 MATTHEW PETROSKI P00853132 9726611843 2025-11-12 2024 2025-03-06 01:10:19Z ANDREW DELINSKY 247 SOUTH STREET MORRISTOWN NJ 07960 26406348 0 X WWW.PECKSCHOOL.ORG X 1893 NJ SEE SCHEDULE OTHE PECK SCHOOL INSPIRES STUDENTS TO LEARN RIGOROUSLY, GROW IN CHARACTER, AND LEAD HEALTHY, PRODUCTIVE, AND PRINCIPLED LIVES. 24 23 114 100 0 0 3860590 2756052 16055367 16888442 725057 1193475 241749 214220 20882763 21052189 940371 973931 0 0 12185014 12467807 0 0 853533 5984707 6016624 19110092 19458362 1772671 1593827 78896321 83194049 24052452 25480827 54843869 57713222 THE PECK SCHOOL INSPIRES STUDENTS TO LEARN RIGOROUSLY, GROW IN CHARACTER, AND LEAD HEALTHY, PRODUCTIVE, AND PRINCIPLED LIVES. 0 0 14780621 973931 16888442 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 357 STUDENTS. 14780621 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 1 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 62 0 1 114 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KRISTEN RUGEL CFO & DIR OF OPERATIONS 9735398660 247 SOUTH STREET MORRISTOWN NJ 07960 ANDREW DELINSKY HEAD OF SCHOOL 40.00 X X 486721 0 283990 CHARLES SORRENTINO PRESIDENT 1.50 X X 0 0 0 MARK MORGAN VICE PRESIDENT 1.50 X X 0 0 0 TRACY PESTER VICE PRESIDENT 1.50 X X 0 0 0 JOE STEFFA TREASURER 1.50 X X 0 0 0 LAUREN BAKER SECRETARY 1.00 X X 0 0 0 EMILY DINGLE PA PRESIDENT 1.00 X 0 0 0 CHRIS AMERY TRUSTEE 1.00 X 0 0 0 NATISHIA AROMIRE TRUSTEE 1.00 X 0 0 0 MELISSA BARTOLI TRUSTEE 1.00 X 0 0 0 LEVEE BROOKS TRUSTEE 1.00 X 0 0 0 JORDAN BRUGG TRUSTEE 1.00 X 0 0 0 TOM CORTESE TRUSTEE 1.00 X 0 0 0 MAHMOUD ELASSIR TRUSTEE 1.00 X 0 0 0 TODD HOHMAN TRUSTEE 1.00 X 0 0 0 DANIEL HONEKER TRUSTEE 1.00 X 0 0 0 ASHLEY LAN TRUSTEE 1.00 X 0 0 0 BEN ROGERS TRUSTEE 1.00 X 0 0 0 SID ROWELL TRUSTEE 1.00 X 0 0 0 LAURA SAHAZIZIAN TRUSTEE 1.00 X 0 0 0 DAISY DOUGLAS SAVAGE TRUSTEE 1.00 X 0 0 0 ANAR SHAH TRUSTEE 1.00 X 0 0 0 JOHN TONZOLA TRUSTEE 1.00 X 0 0 0 DANIEL YU TRUSTEE 1.00 X 0 0 0 KRISTEN RUGEL CFO & DIR. OF OPERATIONS 40.00 X 226253 0 24978 SARAH QUINN CLAUSEN DIRECTOR OF ADVANCEMENT 40.00 X 174421 0 10493 CYMONE WILLIAMSON DIR. OF COM. CONNEX. & BELONGING 40.00 X 147440 0 8922 KAREN DISPENZIERE DIR. OF ADMISSIONS & FIN. AID 40.00 X 147037 0 16489 ASHLEY L VIVIANI TABOR HEAD OF LOWER SCHOOL 40.00 X 143911 0 8460 VIRGINIA SAVAGE HEAD OF UPPER SCHOOL 40.00 X 142571 0 24049 KEVIN GRIESHABER DIR. OF TECH., INNOV., & DESIGN 40.00 X 141906 0 39777 1610260 0 417158 24 0 1 0 JOSEPH A NATOLI CONSTRUCTION CORPORATIO 293 CHANGE BRIDGE ROAD PINE BROOK NJ 07058 GENERAL CONSTRUCTION CONTRACTOR & PROJEC 3303283 FLIK DINING PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 429533 IRONBOUND CLEANING SERVICES CORPORATION PO BOX 3422 UNION NJ 07083 CLEANING SERVICE 207954 3 129450 2626602 62553 2756052 TUITION 611710 16469170 16469170 AUXILIARY PROGRAMS 611710 419272 419272 16888442 1041841 1041841 5415288 5263654 151634 151634 151634 274405 129450 75339 199066 199066 30320 15166 15154 15154 21052189 16888442 0 1407695 973931 973931 1265447 80002 913571 271874 7877256 6693323 1078427 105506 598942 510697 83293 4952 2095835 1625566 442816 27453 630327 495399 112241 22687 12763 160 12599 4 41725 41725 84366 84366 344158 189748 149072 5338 155831 155481 350 358047 158257 175874 23916 162703 153684 8117 902 946246 841021 86330 18895 48640 33606 14963 71 86470 59744 26600 126 187473 166851 16873 3749 1941479 1727916 174733 38830 143730 14373 114984 14373 FOOD SERVICE 730209 605563 87689 36957 INSTRUCTION 396535 396535 PTA FUNDRAISING 205098 205098 OTHER 117234 328 44454 72452 53917 53917 19458362 14780621 3824208 853533 3818164 250000 2440720 5361143 1778158 1407179 14765201 15587429 645387 331590 61505002 24945504 33069341 36559498 21430485 22665386 793350 840705 155515 191119 78896321 83194049 1391387 1320539 15584033 16912113 5863085 5676630 1125000 225000 446545 988947 0 24052452 25480827 X 45639865 50676260 9204004 7036962 54843869 57713222 78896321 83194049 X 1593827 1325276 -49750 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 16337231 213795 1833875 167258 18217643 14726768 115652 1664176 169365 16337231 13633587 188738 1053033 148590 14726768 15535406 385464 -1821168 466115 13633587 11463680 1460956 3098668 154331 333567 15535406 0.62520 0.21850 0.15630 0 0 1187549 1187549 48699388 20941282 27758106 4042998 3045816 997182 7575067 958406 6616661 36559498 X 21159670 1325276 1325276 19834394 84366 1133429 1217795 21052189 18290317 49750 49750 18240567 84366 1133429 1217795 19458362 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 WERE 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, 2025, 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 928,331. PARENT ASSOCIATION FUNDRAISING EXPENSES 205,098. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE CONTRIBUTION RECEIVABLE 49,750. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 928,331. PARENT ASSOCIATION FUNDRAISING EXPENSES 205,098. 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 ITS BROCHURES, CATALOGS, AND INTERNET HOMEPAGE. 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 MORRIS COUNTY SCHOOL DISTRICT, PAYS DIRECTLY FOR THE TEXTBOOKS, TECHNOLOGY AND NURSING SERVICES. SADDLE UP FOR PECK 403855 129450 274405 18869 14369 2622 39479 403855 129450 274405 18869 14369 2622 39479 75339 199066 30320 9250 5916 1 1.00000 30320 9250 5916 15166 15154 NJ 1 0 0 0 1.00000 0.00000 KRISTEN RUGEL CFO AND DIRECTOR OF 247 SOUTH STREET MORRISTOWN NJ 07960 0 SARAH QUINN CLAUSEN DIRECTOR OF AD 0 DIRECTOR OF ADVANCEMENT OVERSEES THE FUNDRAISER. X 1 15154 1 FINANCIAL AID 26 911053 FMV DIRECT CREDIT TO STUDENT ACCOUNT FINANCIAL AID/SERVICE PROVIDED 8 62878 FMV PAID DIRECTLY TO VENDORS FOR TRANSPORTATION AND FIELD TRIPS, SCHOOL CLOTHES PART I, LINE 2: FINANCIAL AID FOR TUITION AND FEES IS CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. A HANDFUL OF STUDENTS ARE PROVIDED TRANSPORATION TO AND FROM SCHOOL WHICH IS PAID DIRECTLY TO THE SERVICE PROVIDER BY PECK. THE NUMBER OF STUDENTS WHO REQUIRE TRANSPORTATION IS MINIMAL, AND ALL OF THOSE STUDENTS ARE INCLUDED IN THE NUMBER OF RECIPIENTS WHO RECEIVE FINANCIAL AID. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 ANDREW DELINSKY HEAD OF SCHOOL 414567 0 45778 0 26376 0 72753 0 211237 0 770711 0 26376 0 KRISTEN RUGEL CFO & DIR. OF OPERATIONS 216253 0 10000 0 0 0 13320 0 11658 0 251231 0 0 0 SARAH QUINN CLAUSEN DIRECTOR OF ADVANCEMENT 171921 0 2500 0 0 0 10403 0 90 0 184914 0 0 0 KEVIN GRIESHABER DIR. OF TECH., INNOV., & DESIGN 139406 0 2500 0 0 0 17017 0 22760 0 181683 0 0 0 VIRGINIA SAVAGE HEAD OF UPPER SCHOOL 138571 0 4000 0 0 0 11858 0 12191 0 166620 0 0 0 KAREN DISPENZIERE DIR. OF ADMISSIONS & FIN. AID 143037 0 4000 0 0 0 16399 0 90 0 163526 0 0 0 CYMONE WILLIAMSON DIR. OF COM. CONNEX. & BELONGING 147440 0 0 0 0 0 8832 0 90 0 156362 0 0 0 ASHLEY L VIVIANI TABOR HEAD OF LOWER SCHOOL 139911 0 4000 0 0 0 8370 0 90 0 152371 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 $52,104 IS INCLUDED IN COLUMN (D). THE HEAD OF SCHOOL RECEIVED A TUITION BENEFIT OF $127,666 WHICH WAS REPORTED PART II IN COLUMN (D). PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN PROVIDED BY THE SCHOOL. DURING THE YEAR, $20,000 WAS CONTRIBUTED TO THE PLAN. 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 6095222 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 8 62553 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 B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED WITH A PUBLIC DISCLOSURE 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 HAS THE OPPORTUNITY TO REVIEW THE FORM 990 WITH THE PREPARER UPON REQUEST. 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 CHIEF FINANCIAL OFFICER 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 CFO & DIRECTOR OF OPERATIONS OF THE CORPORATION AT THE ADDRESS LISTED BELOW: ATTN: KRISTEN RUGEL THE PECK SCHOOL 247 SOUTH STREET MORRISTOWN, NJ 07960 FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE CONTRIBUTION RECEIVABLE -49,750.