2015-02-13T14:38:46-06:00 2014-06-30 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2013-07-01 221487233 Kent Place School % RITA O'CONNOR KENT 9082730900 42 NORWOOD AVENUE Suite SUMMIT NJ 07901 RITA O'CONNOR CHIEF FINANCIAL OFFICER 9082730900 2015-02-15 true RICHARD A SACKIN P00184276 9082730900 2013 2016-02-25 16:41:14Z RITA O'CONNOR 42 NORWOOD AVENUE SUMMIT NJ 07901 39302235 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. 29 27 374 525 0 3437780 3455449 22476496 24206537 1684629 979169 209231 291928 27808136 28933083 2383605 2652795 0 0 15812203 16517761 0 0 870646 7272329 7843437 25468137 27013993 2339999 1919090 53449524 58032366 9487316 11047080 43962208 46985286 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 18029756 2652795 24440978 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 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. 18029756 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 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 58 0 374 true false false false false false false false false false false X 29 27 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 07902 X Beverly B Mills president, board of trustees 2.0 X X 0 0 0 JAMES H MCGRAW IV VICE PRESIDENT, BD OF TRUSTEEs 2.0 X X 0 0 JANIS E SMITH-GOMEZ VICE PRESIDENT, BD OF TRUSTEES 2.0 X X 0 0 NEIL MOSKOWITZ TREASURER, BOARD OF TRUSTEES 2.0 X X 0 0 G ALEXANDER CRISPO SeCRETARY, BOARD OF TRUSTEES 2.0 X X 0 0 Megan McConnell Brozowski Trustee 2.0 X 0 0 Alison L Canfield Trustee 2.0 X 0 0 MARIA L CHRIN TrusteE 2.0 X 0 0 RAJIV K L DE SILVA Trustee 2.0 X 0 0 JAMES M DIDDEN JR Trustee 2.0 X 0 0 LINDA ESTEY Trustee 2.0 X 0 0 CHRISTINE CHAMBERS GILFILLAN Trustee 2.0 X 0 0 CHRISTINE HAYWARD Trustee 2.0 X 0 0 MICHAEL HENINGBURG JR Trustee 2.0 X 0 0 COLLEEN O JEFFRIES Trustee 2.0 X 0 0 PAMELA M KAPSIMALIS Trustee 2.0 X 0 0 ASTRI B KIMBALL Trustee 2.0 X 0 0 NORMAN E LEWIS Trustee 2.0 X 0 0 ELIZABETH L MCGINLEY Trustee 2.0 X 0 0 MARK MILLER Trustee 2.0 X 0 0 ANN MILLS Trustee 2.0 X 0 0 RICHARD J MOREY Trustee 2.0 X 103199 30795 BINDIA PURI Trustee 2.0 X 0 0 USHA P ROBILLARD Trustee 2.0 X 0 0 CRAIG H SCHIFFER Trustee 2.0 X 0 0 DOUGLAS B SIEG Trustee 2.0 X 0 0 BORIS V VUCHIC Trustee 2.0 X 0 0 DEBORAH E WILEY Trustee 2.0 X 0 0 Susan C Bosland Head of School 40.0 X X 335634 103366 RITA O'CONNOR Chief Financial Officer 40.0 X 96337 28338 ADUNNI ANDERSON Director of Primary School 40.0 X 161269 8608 Elizabeth Bugliari Dir of DeveloP & ALUMNAE REL 40.0 X 156988 19197 KAREN REZACH DIRECTOR OF MIDDLE SCHOOL 40.0 X 163257 26622 ELIZABeTH WOODALL DIRECTOR OF UPPER SCHOOL 40.0 X 143432 32294 Jennifer Simpson Director of College Advising 40.0 X 147157 33166 1307273 0 282386 14 false true false MCCARTER ENGLISH LLP FOUR GATEWAY CENTER 100 MULBERRY S NEWARK NJ 07102 LEGAL 109835 AVI Foodsystems Inc 2590 Elm Rd NE WARREN OH 44483 food service 840492 bravo Building Service Inc 29 King George Road GREEN BROOK NJ 08812 cleaning service 175193 Visbeen Construction 555 goffle road RIDGEWOOD NJ 07450 Construction 141909 manhattan welding company inc 1434 Chestnut Avenue HILLSIDE NJ 072051178 HVAC Services 102721 5 X 96156 3359293 697056 3455449 TUITION AND FEES 611600 22996571 22996571 AUXILIARY SERVICES 611600 1209966 1209966 24206537 373357 373357 0 0 0 0 0 10372077 266562 9811361 221466 560716 45096 605812 605812 189806 96156 140160 49646 49646 16125 8284 7841 7841 159641 187881 -28240 -28240 GLOBAL SERVICE LEARNING - TRIP FUNDS 900099 206737 206737 BOOK FAIR INCOME 900099 11359 11359 ETHICS INSTITUTE 900099 10743 10743 33842 33842 262681 28933083 24440978 1036656 0 2652795 2652795 0 0 778399 142824 635575 0 0 12435257 8297555 3663916 473786 848652 566431 250597 31624 1516812 933664 537177 45971 938641 623155 284049 31437 0 28649 28649 51710 51710 0 0 0 32728 22816 9912 165325 21720 143605 1172295 371917 603087 197291 988390 7392 980998 0 1203533 795556 353580 54397 0 0 120723 51933 66322 2468 140865 140865 0 1465329 1465329 207773 16137 191636 TEMPORARY EMPLOYMENT EXPENSE 37047 318 36729 INSTRUCTIONAL EXPENSE 742591 742591 DINING HALL 693951 693951 STUDENT TRANSPORTATION 93042 93042 699486 389765 276049 33672 27013993 18029756 8113591 870646 X 4281091 3933824 0 0 2031142 2599429 482459 274245 0 0 0 0 0 0 102785 195153 296628 530709 46557139 14458275 31814063 32098864 12900408 16359624 1540948 2040518 0 0 0 0 0 0 53449524 58032366 1769268 2002785 0 0 3761526 4044295 0 5000000 0 0 0 0 3956522 0 0 0 0 0 9487316 11047080 X 27808865 27843103 6814402 6769265 9338941 12372918 43962208 46985286 53449524 58032366 1919090 1103988 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15253807 1353891 2024803 374618 -3124257 21382140 18291271 1543504 780712 276276 5085404 15253807 14934472 3594543 118585 285884 70445 18291271 13015712 4009 1924891 -755613 765748 14934477 13161977 4542 1413283 270461 1293629 13015712 0.23000 0.58000 0.19000 false false 368323 368323 28389262 8997497 19391765 12164740 3124160 9040580 4048738 2267461 1781277 1586076 69157 1516919 32098864 0 0 X 25637444 -2652795 -2652795 28290239 642844 642844 28933083 24697523 336325 336325 24361198 2652795 2652795 27013993 PART XI, Line 4B INVESTMENT INCOME - $373,357 REALIZED GAIN ON INVESTMENTS - $560,716 realized gain on sale of property and equipment - $45,096 DIRECT FUNDRAISING EXPENSES - $(140,160) DIRECT GAMING EXPENSES - $(8,284) COST OF GOODS SOLD - $(187,881) TOTAL - $642,844 PART XI, LIne 2d FINANCIAL AID - $(2,652,795) PART XII, LINE 4B FINANCIAL AID - $2,652,795 PART XII, LINE 2D DIRECT FUNDRAISING EXPENSES - $140,160 DIRECT GAMING EXPENSES - $8,284 COST OF GOODS SOLD - $187,881 TOTAL - $336,325 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. 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 SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2014 AND 2013, 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, 2014 AND 2013. THE INCOME TAX RETURNS OF THE SCHOOL FOR JUNE 30, 2013, 2012 AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART V, LINE 4 THE EARNINGS ON THE ENDOWMENT FUNDS ARE PRImARILY USED FOR SCHOLARSHIPS, AS WELL AS, MAINTENANCE AND OPERATIONS OF THE SCHOOL. 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 285962 96156 189806 56735 7500 75925 0 285962 96156 189806 56735 7500 75925 140160 49646 16125 8063 221 16125 8063 221 8284 7841 NJ true false false false 1.00000 CATHLEEN CALLAHAN 42 NORWOOD AVENUE SUMMIT NJ 07901 false Elizabeth Bugliari General Raffle Oversight X false true FINANCIAL AID 115 2652795 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 335634 42019 61347 439000 ADUNNI ANDERSON Director of Primary School 161269 8206 402 169877 Elizabeth Bugliari Dir of DeveloP & ALUMNAE REL 156988 12850 6347 176185 KAREN REZACH DIRECTOR OF MIDDLE SCHOOL 163257 20230 6392 189879 ELIZABeTH WOODALL DIRECTOR OF UPPER SCHOOL 143432 18303 13991 175726 Jennifer Simpson Director of College Advising 147157 19176 13990 180323 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 621270 3826087 446643 2016 false false false true A false false false false 0 false false false false A false true false false 0 false 0 false false A true X 35 507013 market sale X SPRING FLING DONATIONS 264 190043 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 office of 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 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.