2015-02-13T15:41:01-06:00 2014-06-30 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2013-07-01 210634492 The Peddie School % MICHAEL B MCKITISH PEDD 6099447510 201 South Main Street Suite Hightstown NJ 08520 MICHAEL B MCKITISH ASS'T HEAD OF FINANCE 6099447512 2015-02-12 true GLENN G BELLOMY CPA P00579162 6099447512 2013 2016-02-25 16:41:14Z Michael B Mckitish 201 South Main Steet Hightstown NJ 085201010 98394854 false X www.peddie.org X 1879 NJ peddie school, a premier college preparatory school, is a thriving academic opportunity dedicated to the intellectual, social and moral growth of its students. See Sch O 29 27 541 170 3944014 -583561 10074324 11869679 25148359 26292920 11461740 6205163 5312860 4680248 51997283 49048010 6715326 7205175 0 0 18124524 18416205 0 0 1673699 16024796 17109428 40864646 42730808 11132637 6317202 415069867 461646537 49343615 47722601 365726252 413923936 X PEDDIE SCHOOL, A PREMIER COLLEGE PREPARATORY SCHOOL, IS A THRIVING ACADEMIC OPPORTUNITY DEDICATED TO THE INTELLECTUAL, SOCIAL AND MORAL GROWTH OF ITS STUDENTS. ONE OF THE NATION'S MOST HIGHLY ENDOWED SCHOOLS, PEDDIE EMBRACES EXCELLENCE AND ITS RESPONSIBILITY TO DEVELOP TOMORROW'S LEADERS WHILE STAYING TRUE TO THE SPIRIT OF COMMUNITY THAT HAS DISTINGUISHED THE SCHOOL SINCE ITS FOUNDING IN 1846. false false 32159498 7195175 26292920 A PRIVATE SECONDARY BOARDING/DAY SCHOOL. EXPENSES INCLUDE $7,147,175 IN SCHOLARSHIPS AND OTHER FINANCIAL AID. 32159498 true true false false false false true true false true true true false false true true false true true false true false false false true true false true true true true false false false false false false false false false true true true false false true false false false false true 124 0 541 true true true true CJ UK HK VI 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 NH X X MICHAEL B MCKITISH 6099447510 201 SOUTH MAIN STREET HIGHTSTOWN NJ 085201010 Peter Quinn Trustee/Headmaster 80.0 X X 146975 0 38236 Jan Loughran Teacher/Trustee 50.0 X 43729 4597 Christopher Acito Chairman/Trustee 1.0 X X Arthur Brown Trustee 1.0 X John Burke Trustee 1.0 X Roger Burns Trustee 1.0 X Karen Buroojy Trustee 1.0 X Susan Coldwell Trustee 1.0 X Jeffrey Cruz Trustee 1.0 X Douglas Davidson Trustee 1.0 X Edward Dippold III Trustee 1.0 X Kurt Drstvensek Trustee 1.0 X Jon Eckert Trustee 1.0 X Jeffrey Enslin Trustee 1.0 X Jeffrey Finn Trustee 1.0 X Lisa Forrester Trustee 1.0 X J Robert Hillier Trustee 1.0 X Ann Marie Horner Trustee 1.0 X Robert Kaye Treasurer/Trustee 1.0 X X Jeffrey Larsen Trustee 1.0 X Annette Liberson Trustee 1.0 X Kevin MacMillan Trustee 1.0 X Wight Martindale III Trustee 1.0 X Winnie WN Pun Trustee 1.0 X Hal Rubin Trustee 1.0 X Ronald Schlosser Trustee 1.0 X Anne Seltzer Trustee 1.0 X Elizabeth Silverman Trustee 1.0 X Gregory Smith Secretary/Trustee 1.0 X X Michael McKitish Ass't Head Finance & Operation 50.0 X 235192 23959 Catherine Rodrigue Associate Head of School 50.0 X 143097 40333 Raymond Cabot Director of Admissions 50.0 X 109932 42907 Christopher Van Wyk Controller 50.0 X 136740 14262 Regina Ketting Director of Gift Planning 50.0 X 114263 11404 Thomas Phelan Director of Technology 50.0 X 110097 26165 John Green former officer/trustee 80.0 X 306300 55537 1346325 0 257400 8 true true false INGRAM MICRO IFSC CHICAGO IL 606960348 COMPUTERS 274571 AFI FOOD SERVICE DISTRIBUTORS 1 IKEA DR ELIZABETH NJ 07207 FOOD SUPPLIER 382330 DAKOTA BUILDING SERVICES INC 3 AQUA TERRACE HAMILTON NJ 08620 HOUSEKEEPING 766165 J J S ELECTRIC INC 63 SCHOOLHOUSE ROAD JACOBSTOWN NJ 08562 UPGRADE LIGHTING 1001458 HANOVER CONSTRUCTION LLC PO BOX 158 WRIGHTSTOWN NJ 08562 CONSTRUCTION 1078591 5 11869679 8992009 11869679 TUITION AND FEES 611600 26292920 26292920 26292920 6711501 6711501 0 0 266510 101198 165312 0 165312 48440991 27192 48771021 203500 -330030 -176308 -506338 162481 171612 -9131 20720 9729 10991 171022 89784 81238 SUMMER PROGRAM, AQUATICS AND GOLF COURSE 713910 3512115 3512115 DAY CARE CENTER 624410 368900 368900 SNACK BAR 722513 174129 62999 111130 376694 376694 4431838 49048010 26292920 3944014 7199325 58000 58000 7147175 7147175 0 0 723988 61450 529546 132992 0 13688551 9613822 3227121 847608 1134511 790959 270937 72615 1821570 1236644 467725 117201 1047585 691601 280661 75323 0 53668 48104 5564 39286 39286 0 0 155718 155718 0 0 860885 431487 372869 56529 849138 826714 22424 0 2814469 2354499 437656 22314 339558 86073 127404 126081 0 0 1647835 1569355 78480 0 5429670 4607244 797959 24467 514200 415932 98268 CONTRACTED SERVICES 253097 145640 71897 35560 ACADEMIC PROGRAM 557777 557777 FOOD SERVICES 705062 705062 AUXILIARY 669488 669488 2219577 860064 1202068 157445 42730808 32159498 8897611 1673699 37347243 30805014 0 4865673 3833650 6853082 664006 454409 0 0 0 0 0 0 94030 97736 609532 575838 169794632 65090025 107173920 104704607 115302807 101808078 150044679 211482100 0 0 0 0 0 0 415069867 461646537 5227850 5166409 0 0 4930263 6147766 37121133 34622833 0 0 0 0 0 0 0 0 2064369 1785593 49343615 47722601 X 147462493 158747489 42026861 65895666 176236898 189280781 365726252 413923936 415069867 461646537 X 6317202 41651388 229094 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 3.50 1 true 2.00 false 371094 X X X false 283001305 6764661 46641960 5873975 4876025 325657926 254127904 9779281 29844121 5657645 5092355 283001306 278902443 1272007 -15296546 5136751 5613249 254127904 235515883 608056 53278504 5072605 5427395 278902443 218900075 1567923 25110874 4786312 5276677 235515883 0.26000 0.58000 0.16000 true false 8057057 8057057 150621749 60046521 90575228 10663458 5043504 5619954 452368 452368 104704607 211482100 F 211482100 0 INTEREST RATE SWAP 1785593 1785593 X PART II, LINE 9: THE SCHOOL HOLDS TWO WETLANDS EASEMENTS AS PART OF ITS CAMPUS LAND. THIS IS ACCOUNTED FOR AS A PART OF LAND AMOUNT ON THE SCHOOL'S BALANCE SHEET. PART III, LINE 4: INCLUDED IN THIS COLLECTION ARE SUCH NOTABLE BOOKS AS CHARLES DARWIN'S ON THE ORIGIN OF SPECIES ($15,000), HARTMAN SCHEDEL'S NURENBERG CHRONICLE ($35,000), AND THE LATIN BOOK OF HOURS OF THE VIRGIN ($25,00O). ADDITIONALLY, THERE ARE BOOKS BY THOMAS JEFFERSON, JOHN KEATS AND G. CHAUCER. THESE BOOKS AND MANUSCRIPTS PROVIDE AN OPPORTUNITY FOR OUR STUDENTS TO GAIN INVALUABLE INSIGHT AS TO HISTORICAL PERSPECTIVES AND A CHANCE TO VIEW CLASSICAL LITERATURE IN THEIR ORIGINAL FORM THAT THEY COULD NOT OTHERWISE EVER SEE. ADDITIONALLY, THE SCHOOL POSSESSES A L'EARBE SCULPTURE THAT IS ON DISPLAY IN THE SCHOOL'S ART CENTER FOR THE VIEWING PLEASURE OF THE ART STUDENTS AND TO THE PUBLIC AT EXHIBITIONS. PART X, LINE 2: "Accounting for Uncertainty in Income Taxes" clarifies the accounting for uncertainty in income taxes recognized in an entity'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 the recognition of a liability or disclosure in the consolidated financial statements. The School recognizes accrued interest and penalties associated with uncertain tax positions, if any. There was no income tax-related interest or penalties recorded for the years ended June 30, 2014 and 2013. The income tax returns of the School for the years ended June 30, 2013, 2012 and 2011 are subject to examination by the IRS and other state taxing authorities, generally for three years after they were filed. PART V, LINE 4 THE PEDDIE SCHOOL ENDOWMENT FUNDS ARE DONOR RESTRICTED AND PRIMARILY PROVIDE FOR FINANCIAL AID TO PEDDIE'S STUDENTS AND SUPPORT FOR THE SCHOOL'S GENERAL OPERATIONS. ENDOWMENT INCOME ALSO PROVIDES SUPPORT FOR THE SCHOOL'S FACULTY SALARIES AS WELL AS ACADEMIC PROGRAMS, FIELD TRIPS FOR STUDENTS, AND GENERAL USE. true true true true true true true false false false false false false false false false false true PART I, LINE 3: A STATEMENT OF PEDDIE'S NON-DISCRIMINATION POLICY IS INCLUDED IN ALL BROCHURES AND CATALOGS THAT PERTAIN TO STUDENT ADMISSIONS PROGRAMS AND SCHOLARSHIPS. PEDDIE ALSO PUBLISHES AN ANNUAL PRINT ADVERTISEMENT THROUGH NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS). East Asia and the Pacific Program Services Students visit China 28850 Europe (Including Iceland and Greenland) Investments 4769967 East Asia and the Pacific Investments 3000000 Central America and the Caribbean Investments 46315743 54114560 54114560 false false false false true false SCHEDULE F, PART I, LINE 3 PROGRAM SERVICES ARE AT FAIR MARKET VALUE. INVESTMENTS ARE AT BOOK VALUE. AUCTION 138726 138726 108857 REUNION 15050 15050 51753 1 8705 8705 11002 162481 162481 171612 171612 -9131 20720 9729 true 1.00000 20720 9729 9729 10991 NJ true false true false 1.00000 MICHAEL B MCKITISH 201 SOUTH MAIN STREET HIGHTSTOWN NJ 08520 false false true BOROUGH OF HIGHTSTOW 148 SOUTH MAIN STREET HIGHSTOWN NJ 08520 216000721 501 (C) (3) 23000 GENERAL TOWN SUPPORT HIGHTSTOWN FIRE DEPARTMENT 148 SOUTH MAIN STREET HIGHTSTOWN NJ 08520 223279112 501 (C) (3) 15000 FIRE DEPARTMENT SUPPORT HIGHTSTOWN FIRST AID SQUAD 148 SOUTH MAIN STREET HIGHTSTOWN NJ 08520 222677976 501 (C) (3) 10000 FIRST AID SQUAD SUPPORT DOWNTOWN HIGHTSTOWN 109 MERCER STREET HIGHTSTOWN NJ 08520 264822789 501 (C) (3) 10000 TOWN IMPROVEMENT 4 FINANCIAL AID 251 7147175 SCHOLARSHIP X X true true X X X false true false false false false false false false Peter Quinn Trustee/Headmaster 146975 0 0 0 0 0 0 0 0 0 146975 0 0 0 Michael McKitish Ass't Head Finance & Operation 235192 23350 609 259151 Catherine Rodrigue Associate Head of School 143097 14350 25983 183430 Raymond Cabot Director of Admissions 109932 11650 31257 152839 Christopher Van Wyk Controller 136740 13625 637 151002 John Green former officer/trustee 306300 29750 25787 361837 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY - 2004A 222045817 645912CT1 2004-03-31 13077072 SCIENCE BUILDING false false false B NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY - 2004B 222045817 645912CS3 2004-03-31 8025000 SCIENCE BUILDING false false false C NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY - 2008 222045817 645918UJ0 2008-12-19 25601588 RENOVATION TO ATHLETIC CENTER false false false A 0 0 13077072 0 0 4444260 221412 0 0 8411400 0 0 2005 false false true true B 0 0 8025000 0 0 0 165500 0 0 7859500 0 0 2005 false false true true C 0 0 25601588 0 0 10206845 394743 0 0 15000000 0 0 2009 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false true false false 0 false 0 false false B true true true WELLS FARGO 8.7 false false false 0 false false C false true false false 0 false 0 false false A true B true C true TAX-EXEMPT BONDS: THE BALANCE OF THE TAX-EXEMPT BONDS SHOWN ON THE PART X, LINE 20 THAT ARE NOT INCLUDED ON SCHEDULE K WERE ISSUED BEFORE 2003. PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED ON APRIL 1, 2009. 0 YORKTOWN PARTNERS INVESTMENT MANAGER 144596 SEE PART V false SCHEDULE L PART IV ONE OF THE GENERAL PARTNERS OF YORKTOWN PARTNERS SERVES AS AN INVESTMENT ADVISOR AND IS A MEMBER OF THE INVESTMENT COMMITTEE. X 1 12000 FMV X 14000 FMV X 22 4665261 FMV X PLEDGES 13 4300748 FMV false true true PART I, LINE 32B USE THIRD PARTIES THE SCHOOL USED THEIR INVESTMENT BROKERS TO SELL THEIR CONTRIBUTED MARKETABLE SECURITIES. form 990, part vi, section C, line 19 the peddie school does not make its governing documents, conflict of interest policy and financial statements available to the public. the financial statements are made available to bondholders, insurers, rating agencies and others with a financial interest. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP 278,776 CHANGE IN SPLIT INTEREST AGREEMENT -49,682 TOTAL 229,094 FORM 990, PART XII, LINE 2C THE REVIEW PROCESS FOR THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VIII LINE 7C (I) THE GAIN SHOWN IS NET OF $3,062,915 IN INVESTMENT EXPENSES. FORM 990, PART I, LINE 1 ONE OF THE NATION'S MOST HIGHLY ENDOWED SCHOOLS, PEDDIE EMBRACES EXCELLENCE AND ITS RESPONSIBILITY TO DEVELOP TOMORROW'S LEADERS WHILE STAYING TRUE TO THE SPIRIT OF COMMUNITY THAT HAS DISTINGUISHED THE SCHOOL SINCE ITS FOUNDING IN 1846. TPS MANAGEMENT LLC 201 SOUTH MAIN STREET HIGHTSTOWN NJ 08520 753051210 COMMERCIAL NJ 157200 2431896 THE PEDDIE