2014-05-12T14:04:00-05:00 2013-06-30 210650289 KLATZKIN & COMPANY LLP 1670 WHITEHORSE HAM SQ RD HAMILTON NJ 086903513 990 2012-07-01 222790041 PRINCETON FRIENDS SCHOOL PRIN 6096831194 470 QUAKER ROAD PRINCETON NJ 08540 Jane Fremon 6096831194 2014-05-12 1 THOMAS MARTIN P00123816 6098909189 2012 2015-11-30 17:44:51Z Jane Fremon 470 QUAKER ROAD PRINCETON NJ 08540 6123287 0 X princetonfriendsschool.org X 1986 NJ Princeton Friends School is organized as an educational and charitable organization, offering classes to day students in nursery through 8th grade. 19 19 102 35 0 0 397175 2303101 3676968 3757819 50855 53020 1191 0 4126189 6113940 599521 716621 0 0 2247446 2318177 0 0 144106 1244495 1262717 4091462 4297515 34727 1816425 6737389 8708093 870002 923647 5867387 7784446 PRINCETON FRIENDS SCHOOL IS ORGANIZED AS AN EDUCATIONAL AND CHARITABLE ORGANIZATION, OFFERING CLASSES TO DAY STUDENTS IN NURSERY THROUGH 8TH GRADE. 0 0 2755570 716621 3757819 The program activity provided is to operate and maintain a school in the Princeton, New Jersey area based on the tradition of Quaker values and practice. The school has approximately 132 students in pre-k through 8th grade. The school offers a non-competitive interdisciplinary curriculum that fosters intellectual liveliness, develops academic skills, emphasizes direct experience of subject matter, and responds to the individual learning styles, development needs, and personal interests of students. 2755570 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 102 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X PRINCETON FRIENDS SCHOOL 6096831194 470 QUAKER ROAD PRINCETON NJ 08540 MARNA MATTHEWS 2.00 X X 0 0 0 KEVIN MUETHING 2.00 X X 0 0 0 ROBERT GREENE 0.50 X X 0 0 0 TONY CAPOZZOLI 0.50 X 0 0 0 BRAD NICHOLSON 0.50 X 0 0 0 MICHAEL ROBERTSON 0.50 X 0 0 0 BURGESS EKMAN-GUNN 0.50 X 0 0 0 CAROL CHIRSTOFFERSON 0.50 X 0 0 0 LILIAN GROSZ 0.50 X 0 0 0 ED SNYDER 0.50 X 0 0 0 JOSH PEEK 0.50 X 0 0 0 MARINA SCUDDER 0.50 X 0 0 0 ERIK GRISSOM 0.50 X 0 0 0 JEAN SASHIHARA 0.50 X 0 0 0 ABHIK HUQ 0.50 X 0 0 0 MIKE PRIMO 0.50 X 0 0 0 MARCIA WILLSIE 0.50 X 0 0 0 MATT ZISK 0.50 X 0 0 0 SANJAY PALNITKAR 0.50 X 0 0 0 JANE FREMON 40.00 X 105590 0 12855 105590 0 12855 1 0 0 0 0 42926 2260175 25035 2303101 TUITION 611600 3135699 3135699 AFTER SCHOOL PROGRAMS 900099 585742 585742 STUDENT ACTIVITIES 900099 23277 23277 MISCELLANEOUS 900099 13101 13101 3757819 53020 53020 9347 42926 9347 0 6113940 3757819 0 53020 716621 716621 127572 127572 1794689 1198251 529313 67125 71475 51128 18415 1932 164648 113743 46608 4297 159793 101349 53415 5029 23326 23326 24851 24851 187152 51969 118681 16502 307101 119435 187666 29204 17585 10884 735 133573 133573 50073 50073 AFTER SCHOOL PROGRAM 302337 302337 STUDENT ACTIVITIES 83152 83152 MISCELLANEOUS 45694 8747 36947 BAD DEBT 29914 29914 46340 34801 11539 4297515 2755570 1397839 144106 421113 521973 1153768 1159641 10998 1490036 85560 85378 5555 7511 5101005 1464356 3714998 3636649 1250158 1785270 95239 21635 6737389 8708093 305752 317331 564250 606316 870002 923647 X 5204711 5501653 662676 2282793 5867387 7784446 6737389 8708093 1816425 100634 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1285006 1806308 147780 88006 3151088 1321930 24564 -6988 54500 1285006 1095867 290917 56854 8000 1321930 985749 30100 140438 60420 1095867 1299955 100 -237011 64650 12645 985749 0.29000 0.71000 0 0 200 200 4612116 1066635 3545481 114664 105414 9250 374025 292307 81718 3636649 UNEARNED TUITION 606316 606316 X 6246421 100634 22500 123134 6123287 -9347 -9347 6113940 4329362 22500 9347 31847 4297515 0 4297515 Description of Intended Use of Endowment Funds: Part V, Line 4: The School has adopted investment and spending policies for the endowment assets that attempt to preserve or increase its purchasing power over time, while providing a relatively stable and constant stream of cash distributions for use in the current operations of the School. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The School is subject to routine audits by taxing jurisdictions. There are currently no such audits for any tax period in progress. Management believes that the school is no longer subject in income tax examinations for years prior to 2010. The School's policy is to classify income tax related interest and penalties in interest expense and miscellaneous operating costs, respectively. The School has not recognized any amounts for interest and penalties accrued at June 30, 2013 and 2012. Part XI, Line 4b - Other Adjustments: DIRECT FUNDRAISING EXPENSES, NETTED AGAINST INCOME ON FORM 990 -9,347. Part XII, Line 2d - Other Adjustments: DIRECT FUNDRAISING EXPENSES, NETTED AGAINST INCOME ON FORM 990 9,347. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 NEWS RELEASES AND DISPLAY ADS IN LOCAL PAPERS ALWAYS INCLUDE A RACIALLY NON-DISCRIMINATE POLICY STATEMENT. THE SCHOOL WELCOMES DIVERSITY AS A PART OF ITS PHILOSOPHY. FROLIC FOR FRIENDS 43970 41441 2529 2529 43970 41441 2529 2529 2529 0 1 RETURNING STUDENT TUITION AWARDS 41 478060 FAIR MARKET VALUE TUITION REDUCTION NEW STUDENT TUITION AWARDS 2 16100 FAIR MARKET VALUE TUITION REDUCTION TUITION REMISSION 7 68636 FAIR MARKET VALUE TUITION REDUCTION MISCELLANEOUS OTHER TUITION AWARDS 6 20365 FAIR MARKET VALUE TUITION REDUCTION LEARNING SUPPORT AID 18 50160 FAIR MARKET VALUE TUITION REDUCTION AFTER SCHOOL AND SUMMER PROGRAM AID 65 83300 FAIR MARKET VALUE TUITION REDUCTION Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The organization monitors the use of the grant funds by providing noncash awards. All grants/awards are direct deductions to the tuition amount due. 35400 SCHOLARSHIP - FINANCIAL AID FINANCIAL ASSISTANCE 15040 SCHOLARSHIP - QUAKER AID QUAKER AID/SCHOLARSHIP X 2 25035 FMV 0 0 0 Method for Determining Number of Contributions: Part I, Column (b): As required, for each security the Organization treated each separate gift (rather than each share received) as a contribution for Schedule M reporting purposes. Form 990, Part VI, Section B, line 11 Princeton Friends School does not supply a copy of the complete Form 990 to the entire board. Instead, the organization's policy is for the Treasurer of the board to review the Form 990 in its entirety and then report to the governing body. The entire governing body does receive a copy of the Form 990 with selected schedules removed in order to protect the privacy of donors and scholarship recipients. Form 990, Part VI, Section B, line 12c The organization monitors and enforces its conflict of interest policy by requiring each trustee and senior administrator to sign an annual statement disclosing any conflict of interests. Form 990, Part VI, Section B, line 15a The executive director's salary is reviewed annually by the personnel committee. This process includes the review of salary data results compiled annually by the National Association of Independent Schools (NAIS) through its Statsonline annual statistical data survey. Comparative compensation reports are reviewed to benchmark groups, including the New Jersey Association of Independent Schools(NJAIS), Friends Council on Education (FCOE), and Princeton area independent schools. This is done annually; the last time was in June 2012. The final agreement was documented in a contract signed by the executive director as well as the clerk/president of the board. The organization has no other officers or key employees therefore question 15b is answered "no". Form 990, Part VI, Section C, line 19 Princeton Friends School makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. In addition, the governing documents and policies are made available to the public via various school publications including the student & parent handbook, personnel manual, and head of school's annual report. The development director will usually send the annual audit report of financial statements and Form 990 to organizations that Princeton Friends School solicits for grants. Form 990, page 11, Part XI, Question 2c The organization has not changed the process of overseeing the audit or selecting an independent accountant during the fiscal year. PRINCETON MONTHLY MEETING OF THE RELIGIOUS ORDER OF FRIENDS 470 Quaker Road Princeton NJ 085404838 210738425 church/place of worship NJ 501(c)(3) 1 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0