2016-02-09T07:31:57-06:00 2015-06-30 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2014-07-01 221487233 Kent Place School % RITA O'CONNOR KENT 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07901 RITA O'CONNOR CHIEF FINANCIAL OFFICER 9082730900 2016-02-15 true RICHARD A SACKIN P00184276 7322437000 2014 2016-04-25 22:37:26Z RITA O'CONNOR 42 NORWOOD AVENUE SUMMIT NJ 07901 35232457 false X www.kentplace.org X 1894 NJ 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. 28 26 372 525 0 3455449 4676494 24206537 24769570 979169 663984 291928 342327 28933083 30452375 2652795 2842091 0 0 16517761 16966376 0 0 915199 7843437 8049020 27013993 27857487 1919090 2594888 58032366 58782695 11047080 9999550 46985286 48783145 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. false false 18521635 2842091 25011255 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 UPPER SCHOOL STUDENTS DEVOTE OVER 7,000 HOURS TO COMMUNITY SERVICE, AS WELL AS ENGAGE 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. 18521635 true true false false false false false false false true true true false false false true true false true false false false false false true true 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 70 0 true 372 true false false false false false true true 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 RITA O'CONNOR 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07901 X JAMES H MCGRAW IV PRESIDENT, BD OF TRUSTEEs 2.0 0.0 X X 0 0 0 JANIS E SMITH-GOMEZ VICE PRESIDENT, BD OF TRUSTEES 2.0 0.0 X X 0 0 0 NEIL MOSKOWITZ TREASURER, BOARD OF TRUSTEES 2.0 0.0 X X 0 0 0 G ALEXANDER CRISPO VICE PRESIDENT, BD OF TRUSTEES 2.0 0.0 X X 0 0 0 Megan McConnell Brozowski Trustee 2.0 0.0 X 0 0 0 Alison L Canfield Trustee 2.0 0.0 X 0 0 0 MARIA L CHRIN TrusteE 2.0 0.0 X 0 0 0 RAJIV K L DE SILVA Trustee 2.0 0.0 X 0 0 0 JAMES M DIDDEN JR Trustee 2.0 0.0 X 0 0 0 LINDA ESTEY Trustee 2.0 0.0 X 0 0 0 CHRISTINE CHAMBERS GILFILLAN Trustee 2.0 0.0 X 0 0 0 CHRISTINE HAYWARD Trustee 2.0 0.0 X 0 0 0 MICHAEL HENINGBURG JR Trustee 2.0 0.0 X 0 0 0 COLLEEN O JEFFRIES Trustee 2.0 0.0 X 0 0 0 PAMELA M KAPSIMALIS Trustee 2.0 0.0 X 0 0 0 ASTRI B KIMBALL Trustee 2.0 0.0 X 0 0 0 ELIZABETH L MCGINLEY Trustee 2.0 0.0 X 0 0 0 MARK MILLER Trustee 2.0 0.0 X 0 0 0 ANN MILLS Trustee 2.0 0.0 X 0 0 0 BINDIA PURI Trustee 2.0 0.0 X 0 0 0 USHA P ROBILLARD secretary, bd of trustees 2.0 0.0 X X 0 0 0 DOUGLAS B SIEG Trustee 2.0 0.0 X 0 0 0 BORIS V VUCHIC Trustee 2.0 0.0 X 0 0 0 Susan C Bosland Head of School 40.0 0.0 X X 351148 0 137693 DORA GRAGG TRUSTEE 2.0 0.0 X 73650 0 32810 SUSANNE SANTOLA MULLIGAN TRUSTEE 2.0 0.0 X 0 0 0 OLGA NAUMOVICH TRUSTEE 2.0 0.0 X 0 0 0 MARY ANN STORMS TRUSTEE 2.0 0.0 X 0 0 0 RITA O'CONNOR Chief Financial Officer 40.0 0.0 X 190699 0 26494 ADUNNI ANDERSON Director of Primary School 40.0 0.0 X 166095 0 8727 Elizabeth Bugliari Dir of DeveloP & ALUMNAE REL 40.0 0.0 X 159360 0 19770 KAREN REZACH DIRECTOR OF MIDDLE SCHOOL 40.0 0.0 X 167941 0 27367 ELIZABETH WOODALL DIRECTOR OF UPPER SCHOOL 40.0 0.0 X 147237 0 33423 Jennifer Simpson Director of College Advising 40.0 0.0 X 150694 0 34299 1406824 0 320583 12 false true false AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICE 763551 BRAVO BUILDING SERVICE INC 29 KING GEORGE ROAD GREEN BROOK NJ 08812 CLEANING SERVICES 188311 JAMES W LOESCHER CONTRACTING 427 LYONS ROAD BASKING RIDGE NJ 07920 CONSTRUCTION 601314 NORDIC CONTRACTING CO INC 111 HOWARD BOULEVARD LEDGEWOOD NJ 07852 CONSTRUCTION 434208 GENERATION 502 UNION STREET HUDSON NY 12534 PRINTING/ADVERTISING 177436 5 X 99748 4576746 536493 4676494 TUITION AND FEES 611600 23490190 23490190 AUXILIARY SERVICES 611600 1279380 1279380 24769570 473491 473491 0 0 0 0 0 4627626 4437133 190493 190493 190493 234396 99748 151804 82592 82592 28300 10250 18050 18050 179306 180895 -1589 -1589 GLOBAL SERVICE LEARNING - TRIP FUNDS 900099 76938 76938 BOOK FAIR INCOME 900099 9944 9944 ETHICS INSTITUTE 900099 17480 17480 138912 138912 243274 30452375 25011255 0 764626 0 2842091 2842091 0 0 782392 115729 666663 0 12785548 8460262 3835821 489465 903127 592626 270039 40462 1537948 925531 562281 50136 957361 635632 289288 32441 0 9146 9146 52710 52710 0 0 0 32503 31353 1150 159711 21222 138489 1151259 379120 553733 218406 857757 7848 849909 0 1240715 815328 368669 56718 0 0 104631 44477 57214 2940 152083 152083 0 1606659 1606659 223932 23246 200686 TEMPORARY EMPLOYMENT EXPENSE 15213 199 15014 INSTRUCTIONAL EXPENSE 821558 821558 DINING HALL 697269 697269 STUDENT TRANSPORTATION 125412 125412 798462 223990 549841 24631 27857487 18521635 8420653 915199 X 3933824 3463399 0 0 2599429 3569599 274245 200031 0 0 0 0 0 0 195153 215322 530709 664524 48368791 16062709 32098864 32306082 16359624 14996431 2040518 3367307 0 0 0 0 0 0 58032366 58782695 2002785 1936565 0 0 4044295 3062985 5000000 5000000 0 0 0 0 0 0 0 0 0 0 11047080 9999550 X 27843103 27270579 6769265 8891682 12372918 12620884 46985286 48783145 58032366 58782695 X 2594888 -797029 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20401497 253525 12453 443070 1045178 19179227 15253807 1353891 2024803 374618 -2143614 20401497 18291271 1543504 780712 276276 5085404 15253807 14934472 3594543 118585 285884 70445 18291271 13015712 4009 1924891 -755613 765748 14934477 0.21000 0.66000 0.13000 true false 368323 368323 28378415 9658304 18720111 14304997 3680810 10624187 4528703 2628230 1900473 788353 95365 692988 32306082 HEDGE FUND 1198311 F BENEFICIAL INT. IN SPLIT INT. 166864 F PRIVATE EQUITY FUND 2002132 F 3367307 0 0 X 27289249 -2842091 -2842091 30131340 321035 321035 30452375 25358344 342948 342948 25015396 2842091 2842091 27857487 PART XI, Line 4B INVESTMENT INCOME - $473,491 REALIZED GAIN ON INVESTMENTS - $190,493 DIRECT FUNDRAISING EXPENSES - $(151,804) DIRECT GAMING EXPENSES - $(10,250) COST OF GOODS SOLD - $(180,895) TOTAL - $321,035 PART XI, LIne 2d FINANCIAL AID - $(2,842,091) PART XII, LINE 4B FINANCIAL AID - $2,842,091 PART XII, LINE 2D DIRECT FUNDRAISING EXPENSES - $151,803 DIRECT GAMING EXPENSES - $10,250 COST OF GOODS SOLD - $180,895 TOTAL - $342,948 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, 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, 2015 AND 2014. 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 334144 99748 234396 57947 7500 86357 0 334144 99748 234396 57947 7500 86357 151804 82592 28300 10000 250 28300 10000 250 10250 18050 NJ true false false false 1.00000 KELLY DAAB 42 NORWOOD AVENUE SUMMIT NJ 07901 false Elizabeth Bugliari General Raffle Oversight X false true FINANCIAL AID 113 2842091 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 Susan C Bosland Head of School 351148 0 0 0 0 0 44400 0 93293 0 488841 0 0 0 RITA O'CONNOR Chief Financial Officer 190699 0 0 0 0 0 6487 0 20007 0 217193 0 0 0 ADUNNI ANDERSON Director of Primary School 166095 0 0 0 0 0 8411 0 316 0 174822 0 0 0 Elizabeth Bugliari Dir of DeveloP & ALUMNAE REL 159360 0 0 0 0 0 13171 0 6599 0 179130 0 0 0 KAREN REZACH DIRECTOR OF MIDDLE SCHOOL 167941 0 0 0 0 0 20736 0 6631 0 195308 0 0 0 ELIZABETH WOODALL DIRECTOR OF UPPER SCHOOL 147237 0 0 0 0 0 18779 0 14644 0 180660 0 0 0 Jennifer Simpson Director of College Advising 150694 0 0 0 0 0 19656 0 14643 0 184993 0 0 0 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 5000000 REFINANCING BANK LOAN & RENOVATION false false false A 0 0 5000000 0 0 0 106000 0 0 787501 3826087 280412 2016 false false false true A false false false false 0 false false false true A false true false false 0 false 0 false false A true X 37 331723 market sale X SPRING FLING DONATIONS 334 204770 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 III, Line 1 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 TO DEVELOP RESPECT FOR HERSELF AND OTHERS IN THE GLOBAL COMMUNITY. 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.