2015-11-13T09:56:53-06:00 2015-06-30 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2014-07-01 210634492 The Peddie School % MICHAEL B MCKITISH PEDD 6099447510 201 South Main Street Hightstown NJ 08520 MICHAEL B MCKITISH ASS'T HEAD OF FINANCE 6099447512 2015-11-10 true GLENN G BELLOMY CPA P00579162 7328423113 2014 2016-04-25 22:37:26Z Michael B Mckitish 201 South Main Steet Hightstown NJ 085201010 113910149 false X www.peddie.org X 1879 NJ THE PEDDIE COMMUNITY COMMITS ITSELF to the intellectual, social, and moral growth of our students. WE challenge our students to reach for levels of achievement (See Sch O) 34 31 536 150 2902392 -790313 11869679 4946276 26292920 28709217 6205163 17601788 4680248 3409289 49048010 54666570 7205175 7890980 0 0 18416205 18091908 0 0 1935006 17109428 17263740 42730808 43246628 6317202 11419942 461646537 465665922 47722601 46787515 413923936 418878407 X The Peddie community commits itself to the intellectual, social, and moral growth of our students. We challenge our students to reach for levels of achievement they have not attempted before and encourage them to measure the success of their efforts by the progress they make. Ultimately, we seek not only to provide our students with vigorous preparation for college but also to inspire them to strive for the highest quality of citizenship. false false 34236022 7890980 28709217 A PRIVATE SECONDARY BOARDING/DAY SCHOOL ENROLLING 548 STUDENTS IN GRADES 9-12 AND POST GRADUATE DURING THE SCHOOL YEAR, AND ACADEMIC COURSES FOR STUDENTS IN GRADES 5 - 12 DURING THE SUMMER. EXPENSES INCLUDE FINANCIAL AID OF $7,842,980. 34236022 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 false false true true true true false false false false false false false false false true true false false false true false false false false true 115 0 536 true true true false false false false false false false false false X 34 31 false false true 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 0.0 X X 372724 0 167962 Jan Loughran Teacher/Trustee 50.0 0.0 X 45866 0 74044 Christopher Acito Chairman/Trustee 1.0 0.0 X X 0 0 0 Arthur Brown Trustee 1.0 0.0 X 0 0 0 John Burke Trustee 1.0 0.0 X 0 0 0 Roger Burns Trustee 1.0 0.0 X 0 0 0 Karen Buroojy Trustee 1.0 0.0 X 0 0 0 Susan Caldwell Trustee 1.0 0.0 X 0 0 0 Jeffrey Cruz Trustee 1.0 0.0 X 0 0 0 Douglas Davidson Trustee 1.0 0.0 X 0 0 0 Edward Dippold III Trustee 1.0 0.0 X 0 0 0 Kurt Drstvensek Trustee 1.0 0.0 X 0 0 0 Jon Eckert Trustee 1.0 0.0 X 0 0 0 Jeffrey Enslin Trustee 1.0 0.0 X 0 0 0 Jeffrey Finn Trustee 1.0 0.0 X 0 0 0 Lisa Forrester Trustee 1.0 0.0 X 0 0 0 J Robert Hillier Trustee 1.0 0.0 X 0 0 0 Robert Kaye Treasurer/Trustee 1.0 0.0 X X 0 0 0 Jeffrey Larsen Trustee 1.0 0.0 X 0 0 0 Annette Liberson-Drewry Trustee 1.0 0.0 X 0 0 0 Kevin MacMillan Trustee 1.0 0.0 X 0 0 0 Wight Martindale III Trustee 1.0 0.0 X 0 0 0 Winnie WN Pun Trustee 1.0 0.0 X 0 0 0 Hal Rubin Trustee 1.0 0.0 X 0 0 0 Ronald Schlosser Trustee 1.0 0.0 X 0 0 0 Anne Seltzer Trustee 1.0 0.0 X 0 0 0 Elizabeth Silverman Trustee 1.0 0.0 X 0 0 0 Gregory Smith Secretary/Trustee 1.0 0.0 X X 0 0 0 George Chen Trustee 1.0 0.0 X 0 0 0 Joe Clark Trustee 1.0 0.0 X 0 0 0 John Lloyd Trustee 1.0 0.0 X 0 0 0 Ralph Izzo Trustee 1.0 0.0 X 0 0 0 Siran Sahakian Trustee 1.0 0.0 X 0 0 0 Ning Zhao Trustee 1.0 0.0 X 0 0 0 Michael McKitish Ass't Head Finance & Operation 50.0 0.0 X 243707 0 24807 M Catherine Rodrigue Associate Head of School 50.0 0.0 X 149942 0 48262 Raymond Cabot Director of Admissions 50.0 0.0 X 115339 0 47558 Christopher Van Wyk Controller 50.0 0.0 X 144116 0 14905 Regina Ketting Director of Planned Giving 50.0 0.0 X 111952 0 23141 Melissa Von Stade Assistant Head for Development 50.0 0.0 X 208926 0 48434 1392572 0 449113 9 false true false DAKOTA BUILDING SERVICES INC 3 AQUA TERRACE HAMILTON NJ 08620 CONSTRUCTION 796685 J J S ELECTRIC INC 63 SCHOOLHOUSE ROAD JACOBSTOWN NJ 08562 CONSTRUCTION 811861 HANOVER CONSTRUCTION LLC PO BOX 158 WRIGHTSTOWN NJ 08562 CONSTRUCTION 728324 MONTICELLO ASSOCIATES INC 1800 LATIMER STREET DENVER CO 80202 INVESTING CONSULTANT 270000 COMM SOLUTIONS 140 QUAKER LANE MALVERN PA 19355 NETWORK CONSULTANT 247726 13 X 4946276 1061009 4946276 TUITION AND FEES 28709217 28709217 28709217 5928865 5928865 0 0 273783 109698 164085 0 164085 70602406 58929483 11672923 11672923 63001 122498 -59497 0 155061 81900 73161 GOLF COURSE, SUMMER CAMP PROGRAMS 713910 2731496 2731496 SNACK BAR 722513 170896 170896 SOLAR RENEWABLE ENERGY CERTIFICATES 900099 258938 258938 70210 70210 3231540 54666570 28709217 2902392 6258013 X 48000 48000 7842980 7842980 0 0 749291 51455 556142 141694 0 13502485 10242195 2293242 967048 1063409 747045 231523 84841 1740082 1179572 418375 142135 1036641 715916 234009 86716 0 42074 0 37826 4248 53501 0 53501 0 0 0 456000 0 456000 0 0 0 825747 420677 343618 61452 1346682 1321685 24997 0 0 2696420 2297900 373104 25416 425262 313395 28824 83043 0 0 1575974 1500916 75058 0 0 5486566 4929940 532276 24350 421020 352142 65204 3674 CONTRACTED SERVICES 262296 162724 63536 36036 ACADEMIC PROGRAM 565427 565427 0 0 FOOD SERVICES 765060 513935 187127 63998 AUXILIARY 592644 592644 0 1749067 1030118 508594 210355 43246628 34236022 7075600 1935006 30805014 30721568 4865673 4891701 6853082 5483311 454409 1477861 0 0 0 0 0 0 97736 101659 575838 633544 174200070 70568091 104704607 103631979 101808078 88925021 211482100 229799278 0 0 0 0 0 0 461646537 465665922 5166409 5542422 0 0 6147766 7831326 34622833 32063558 0 0 0 0 0 0 0 0 1785593 1350209 47722601 46787515 X 158747489 163145140 65895666 63817722 189280781 191915545 413923936 418878407 461646537 465665922 X 11419942 -6831648 366177 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 377714 X X X false 325657926 2181965 9983235 6621980 4548920 326652226 283001305 6764661 46641960 5873975 4876025 325657926 254127904 9779281 29844121 5657645 5092355 283001306 278902443 1272007 -15296546 5136751 5613249 254127904 235515883 608056 53278504 5072605 5427395 278902443 0.26000 0.59000 0.15000 true false 8196200 8196200 152857758 65436683 87421075 11430862 5131408 6299454 1715250 1715250 103631979 229799278 F 229799278 0 INTEREST RATE SWAP 1350209 1350209 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'ARBRE 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, 2015 and 2014, 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, 2015 and 2014. 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 Investments 3000000 Europe (Including Iceland and Greenland) Investments 2968105 Central America and the Caribbean Investments 44323619 50291724 50291724 false false false false true false SCHEDULE F, PART I, LINE 3 INVESTMENTS ARE AT BOOK VALUE. SPRING SOCIAL 28405 28405 14055 REUNION 21130 21130 53548 3 13466 13466 54895 63001 63001 122498 122498 -59497 201 SOUTH MAIN STREET HIGHTSTOWN NJ 08520 true BOROUGH OF HIGHTSTOWN 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 3 FINANCIAL AID 217 7842980 SCHOLARSHIP X X true true X X X false true false false false false false true false Peter Quinn Trustee/Headmaster 297724 0 75000 0 0 0 43500 0 124462 0 540686 0 0 0 Michael McKitish Ass't Head Finance & Operation 243707 0 0 0 0 0 24217 0 590 0 268514 0 0 0 M Catherine Rodrigue Associate Head of School 149942 0 0 0 0 0 15031 0 33231 0 198204 0 0 0 Raymond Cabot Director of Admissions 115339 0 0 0 0 0 12108 0 35450 0 162897 0 0 0 Christopher Van Wyk Controller 144116 0 0 0 0 0 14315 0 590 0 159021 0 0 0 Melissa Von Stade Assistant Head for Development 208926 0 0 0 0 0 20808 0 27626 0 257360 0 0 0 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 10. 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. YORKTOWN PARTNERS INVESTMENT MANAGER 147256 SEE PART V false STUDIOHILLIER LLC BOARD TRUSTEE 517585 SEE PART V false SCHEDULE L PART IV ONE OF THE GENERAL PARTNERS OF YORKTOWN PARTNERS SERVES AS AN INVESTMENT ADVISOR AND WAS A MEMBER OF THE INVESTMENT COMMITTEE. ONE OF THE PRINCIPALS OF STUDIOHILLIER, LLC IS A MEMBER OF THE SCHOOL'S BOARD OF TRUSTEES. STUDIOHILLER, LLC WAS ENGAGED TO DESIGN TWO DORMITORIES. X 14 85709 FMV X PLEDGES 35 622532 FMV X MUSICAL INSTRUMENTS 2 6620 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 B, LINE 11B The audit committee of the Peddie School's board of trustees is given a presentation of the 990 and 990t and meets to review the returns before the returns are filed. A copy of the peddie school's 990 and 990T is also made available to the entire board of trustees with an opportunity to raise any questions or concerns. FORM 990, PART VI, SECTION B, LINE 12C A conflict of interest questionaire and statement is completed by the entire board of trustees on an annual basis. The statements are kept on file and reviewed by the board of trustees. The board of trustees is also responsible for resolving matters that arise. FORM 990, PART VI, SECTION B, LINE 15B Annually, the executive committee of the peddie board of trustees conducts a review of compensation for officers and key employees. the committee reviews employee performance evaluations, historical salary, listing of all benefits and a comparison study of salary and benefits for similar positions at comparable schools. 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 SWAPS 435,384 CHANGE IN SPLIT INTEREST AGREEMENTS -69,207 TOTAL 366,177 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 $2,697,106 IN INVESTMENT EXPENSES. FORM 990, PART I, LINE 1 (CONTINUATION FROM FORM 990, PART I, LINE 1) they have not attempted before and encourage them to measure the success of their efforts by the progress they make. Ultimately, we seek not only to provide our students with vigorous preparation for college but also to inspire them to strive for the highest quality of citizenship. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE SIGNIFICANT CHANGES TO ITS GOVERNING DOCUMENTS (BY-LAWS) SINCE THE PRIOR FORM 990 WAS FILED. THE FOLLOWING IS A SUMMARY OF THE CHANGES MADE TO THE ORGANIZATION'S BY-LAWS. QUORUM REQUIREMENT - THE MINIMUM QUORUM REQUIREMENT FOR THE BOARD OR A COMMITTEE TO TRANSACT BUSINESS WAS RAISED TO THE GREATER OF TWO TRUSTEES AND A MAJORITY OF THE ENTIRE BOARD OR COMMITTEE. BOARD OFFICERS - THE BY-LAWS HAVE BEEN EXPANDED TO INCLUDE A DESCRIPTION OF THE BASIC DUTIES AND RESPONSIBILITIES OF THE BOARD OFFICERS. A PROVISION HAS BEEN ADDED TO THE BY-LAWS TO APPOINT AN ASSISTANT TREASURER, WHO CAN PERFORM THE FUNCTIONS OF THE TREASURER IN THE CASE OF THE TREASURER'S ABSENCE. BOARD COMMITTEES - THE BY-LAWS PROVIDE THE FOLLOWING: (1)EACH BOARD STANDING COMMITTEE SHALL ADOPT A CHARTER, SUBJECT TO EXECUTIVE COMMITTEE APPROVAL, SETTING FORTH THE COMMITTEE'S ROLE, RESPONSIBILITIES, OBJECTIVES AND PROCEDURES, (2) THE CHAIR SHALL APPOINT COMMITTEE CHAIRS UPON THE ADVICE OF THE COMMITTEE ON TRUSTEES AND GOVERNANCE, AND(3)THE COMMITTEE ON TRUSTEES AND GOVERNANCE SHALL APPOINT COMMITTEE MEMBERS SUBJECT TO APPROVAL OF THE CHAIR AND AFTER CONSULTATION WITH THE RELEVANT COMMITTEE CHAIR. FORM 990, PART IX, LINE 2 THE FINANICAL AID SHOWN ON PART IX, LINE 2 INCLUDES $1,219,000 IN TUITION REMISSION FOR CHILDREN OF EMPLOYEES OF PEDDIE SCHOOL. TPS MANAGEMENT LLC 201 SOUTH MAIN STREET HIGHTSTOWN NJ 08520 753051210 COMMERCIAL NJ 260691 2482935 THE PEDDIE