2013-05-15T14:16:46-05:00 2012-06-30 WITHUM SMITH BROWN PC 5 VAUGHN DR PRINCETON NJ 085406313 990 2011-07-01 210635004 THE PENNINGTON SCHOOL % MANAGEMENT PENN 6097371838 112 W DELAWARE AVE PENNINGTON NJ 08534 J GRAEME MCWHIRTER 6097376124 2013-05-10 true RICHARD C COYNE 6095201188 2011 2016-02-24 21:20:13Z STEPHANIE TOWNSEND 112 W DELAWARE AVE PENNINGTON NJ 08534 26094257 false X WWW.PENNINGTON.ORG X NOT-FOR-PROFIT 1838 NJ INDEPDENDENT, COEDUCATIONAL SCHOOL SERVING DAY AND BOARDING STUDENTS IN GRADES 6-12. 35 34 229 117 148234 142024 1686981 1187880 17033467 17513196 958149 922957 450607 304507 20129204 19928540 3105400 3477070 0 0 9507804 9926062 0 0 749606 6123725 6295832 18736929 19698964 1392275 229576 52231702 51406372 12604652 12908728 39627050 38497644 INDEPENDENT, COEDUCATIONAL SCHOOL SERVING DAY AND BOARDING STUDENTS IN GRADES 6-12. false false 15275270 3477070 17513196 COEDUCATIONAL DAY/BOARDING SCHOOL SERVICING GRADES 6 THROUGH 12. 15275270 true true false false false false false false true true false false false true true true false true false true false true true true false false false true true true false false false false false false true true false true true false false false false false false false false false true 22 0 true 229 true true true false false false false false false false false false false false false X 35 34 false false false false false true true true true false false true true true true true true true true false X MANAGEMENT 6097371838 112 W DELAWARE AVE PENNINGTON NJ 08534 STEPHANIE TOWNSEND 40.0 X X 232843 0 56688 ROBERT BECKETT 1.0 X 0 0 0 ROBERT CASPER 1.0 X 0 0 0 BISHOP SUDARSHANA DEVADHAR 1.0 X 0 0 0 VERNON H HAMMOND II 1.0 X 0 0 0 TIM HARMON 1.0 X 0 0 0 A LOUIS DENTON ESQ 1.0 X 0 0 0 CYNTHIA HILLAS 1.0 X 0 0 0 JAMES HYMAN 1.0 X 0 0 0 MICHAEL JINGOLI 1.0 X 0 0 0 DENNIS KEATING 1.0 X 0 0 0 JOHN SUYDAM KUHLTHAU 1.0 X 0 0 0 WALLACE KYLE 1.0 X 0 0 0 REV DONALD MEDLEY 1.0 X 0 0 0 REV DAVID MERTZ 1.0 X 0 0 0 TIMOTHY O'BRIEN 1.0 X 0 0 0 WILLIAM BELFIORE 1.0 X 0 0 0 DR RICHARD H SHARRETT 1.0 X 0 0 0 STEVEN M SILBERMAN 1.0 X 0 0 0 JORDAN GRAY 1.0 X 0 0 0 PETER J TUCCI ESQ 1.0 X 0 0 0 ROBERT M WIGOD 1.0 X 0 0 0 REV ROBERT WILLIAMS 1.0 X 0 0 0 JOHN M ZUCCARELLI 1.0 X 0 0 0 BRIAN MARKISON 1.0 X 0 0 0 GUANG GUO 1.0 X 0 0 0 TARA KINSEY 1.0 X 0 0 0 HERB KLEI 1.0 X 0 0 0 DAVID PARAGAMIAN 1.0 X 0 0 0 KIM PIMLEY 1.0 X 0 0 0 ANNETTE LAWLOR 1.0 X 0 0 0 FRANKLIN SANDERS 1.0 X 0 0 0 TIMOTHY VILE 1.0 X 0 0 0 STEPHEN TAN 1.0 X 0 0 0 VARLYNA WRIGHT 1.0 X 0 0 0 J GRAEME MCWHIRTER 40.0 X 153000 0 64414 WILLIAM HAWKEY 40.0 X 132250 0 42807 518093 0 163909 3 false true false JOHN VAN SELOUS CONSTRUCTION 1529 HARBOURTON ROCKTOWN ROAD LAMBERTVILLE NJ 08530 CONSTRUCTION 112825 ADVANCE ELECTRIC CO INC 1165 ROUTE 130 ROBBINSVILLE NJ 08691 CONSTRUCTION 140115 COMMERCIAL CLEANING CORPORATION 1602 PENNINGTON ROAD TRENTON NJ 08618 HOUSEKEEPING 169062 VAN CLEEF ENGINEERING ASSOCIATES 32 BROWER LANE HILLSBOROUGH NJ 08844 ENGINEERING SERVICES 119221 CM3 BUILDING SOLUTIONS INC 4667 SOMERTON ROAD C FEASTERVILLE PA 19053 CONTRACTOR 117970 5 1187880 3705 1187880 TUITION & FEES 17513196 17513196 17513196 620755 620755 0 0 407288 271596 135692 135692 135692 5885700 5583498 302202 302202 167565 79219 88346 0 279230 231404 47826 OTHER 20101 20101 YEARBOOK ADVERTISING 541800 12542 12542 32643 19928540 17533297 148234 620755 0 3346150 3346150 130920 130920 0 680033 476023 170008 34002 0 7023472 4916430 1755868 351174 475295 332706 118824 23765 1193871 835709 298468 59694 553391 387373 138348 27670 0 21775 21775 86420 86420 0 0 0 4248 4248 83271 83271 92400 64680 23100 4620 118421 118421 0 619768 433838 154942 30988 0 0 44382 44382 286186 200330 85856 0 1938069 1356648 484517 96904 167517 167517 DEVELOPMENT OFFICE 118426 118426 ADMISSIONS 63683 63683 HEALTH CENTER 7781 7781 HEAD MASTER OFFICE 226322 226322 2417163 2162109 252691 2363 19698964 15275270 3674088 749606 0 0 3792123 4135068 583687 437691 98638 89598 0 0 0 0 0 0 83389 41717 284310 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REVENUE RECONCILIATION ITEMS SCHEDULE D, PART XII VARIOUS ITEMS CLASSIFICATION DIFFERENCES BETWEEN TAX RETURN AND FINANCIAL STATEMENT: 1. SCHOLARSHIPS AND FINANCIAL ASSISTANCE $3,477,070 2. RENTAL EXPENSES ($271,596) 3. DIRECT FUNDRAISING EXPENSES ($79,219) 4. COSTS OF GOODS SOLD ($231,404) 5. MISCELLANEOUS ADJUSTMENT ($36,536). LOSS ON INTEREST RATE SWAP SCHEDULE D, PART XIII, LINE 2D LOSS ON INTEREST RATE SWAP $(53,623), EXPENSE ON FINANCIAL STATEMENT, CHANGE IN NET ASSETS ON TAX RETURN EXPENSE RECONCILIATION ITEMS SCHEDULE D PART XIII, LINE 2D VARIOUS ITEMS CLASSIFICATION DIFFERENCES BETWEEN TAX RETURN AND FINANCIAL STATEMENT: 1. SCHOLARSHIPS AND FINANCIAL ASSISTANCE $3,477,070 2. RENTAL EXPENSES ($271,596) 3. DIRECT FUNDRAISING EXPENSES ($79,219) 4. COSTS OF GOODS SOLD ($231,404) 5. MISCELLANEOUS ADJUSTMENT $20,799. true true true true true true true false false false false false false false false false false true NONDISCRIMINATORY POLICY NOTICE FORM 990 SCHEDULE R LINE 3 THE ORGANIZATION ADVERTISES THROUGH LOCAL NEWSPAPERS. East Asia and the Pacific 0 0 Fundraising 21898 0 0 0 0 21898 21898 SCHOLARSHIPS AND FINANCIAL AID OUTSIDE US Europe/Iceland/Greenland 1 44310 FMV SCHOLARSHIPS AND FINANCIAL AID OUTSIDE US Cent. America/Caribbean 2 86610 false false false false false false AUCTION 161880 161880 79219 1 5685 5685 167565 167565 79219 79219 88346 true SCHOLARSHIPS AND FINANCIAL AID 138 3346150 FMV FINANCIAL AID SEE EXPLANATION FOR PART I, LINE 2 SCHEDULE I, PART III THERE WERE 136 RECIPIENTS OF FINANCIAL AID AND 5 RECIPIENTS OF SCHOLARSHIPS. THE SCHOLARSHIPS ARE AWARDED ON A MERIT OR NEED BASIS AND COVER THE COST OF A DAY TUITION. FINANCIAL AID IS AWARDED ON A NEED BASIS USING INDUSTRY STANDARD FINANCIAL DISCLOSURES AND CALCULATIONS. X true true X X X X false true false false false false false false false STEPHANIE TOWNSEND 215000 0 0 0 17843 0 0 0 56688 0 289531 0 0 0 WILLIAM HAWKEY 131950 0 300 0 0 0 0 0 42807 0 175057 0 0 0 J GRAEME MCWHIRTER 153000 0 0 0 0 0 0 0 64414 0 217414 0 0 0 COMPENSATION QUESTIONS SCHEDULE J, PART 1 STEPHANIE TOWNSEND IS REIMBURSED FOR GOLF CLUB MEMBERSHIP FEES. MS. TOWNSEND WAS ASKED TO JOIN THE GOLF CLUB, WHICH DOES NOT ACCEPT CORPORATE MEMBERS, ON BEHALF OF THE SCHOOL. AS A RESULT THE COSTS ASSOCIATED WITH MEMBERSHIP ARE GROSSED UP FOR TAX PURPOSES AND MS. TOWNSEND IS REIMBURSED THE ASSOCIATED TAX. STEPHANIE TOWNSEND IS PROVIDED A SUPPLEMENTAL PENSION IN 2011-2012. THE COST WAS $15,500. NEW JERSEY ECONOMIC AUTHORITY 222045817 64577MY17 2009-11-20 7500000 RESTRUCTURING OF NJEDA BONDS false false false 0 0 7500000 0 0 0 63059 0 0 0 0 0 false false true true false false false false 0.02440 0.02440 0.04880 false true true true CITIZENS BANK 5. false false true 0 false false false HERBERT KLEI TRUSTEE 12750 FINANCIAL AID MICHAEL JINGOLI TRUSTEE/INTEREST IN CO. 7600 CO. PROVIDED CONSTRUCTION MGMT false JAMES HYMAN TRUSTEE/OFFICER OF BANK 16725 INTEREST PAID TO BANK false X 6 166585 FAIR VALUE X VARIOUS ITEMS 2 25250 FAIR VALUE false true true CONFLICT OF INTEREST POLICY PART VI, SECTION B, 12C SCHOOL REQUIRES ALL BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES TO SIGN ANNUAL CONFLICT OF INTEREST POLICIES. COMPENSATION POLICY PART VI, SECTION B, 15B HEAD OF SCHOOL HAS BEEN IDENTIFIED AS A KEY EMPLOYEE. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO DECIDE COMPENSATION. MEMBERS OF COMMITTEE ARE INDEPENDENT. COMMITTEE MEMBER PREPARES COMPARABLE DATA FROM TAX RETURNS (USING GUIDESTAR) AND NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (COLLECTED BY CFO). THIS MATERIAL IS REVIEWED BY EXECUTIVE COMMITTEE. BOARD OF TRUSTESS RATIFIES COMMITTEE'S FINDINGS. 990 REVIEW PROCESS PART VI, SECTION B, 11 FORM 990 PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY FINANCE COMMITTEE AND MADE AVAILABLE TO INDIVIDUAL TRUSTEES EITHER BY EMAIL OR AT A BOARD MEETING PRIOR TO FILING. DOCUMENTS AVAILABLE TO THE PUBLIC PART VI, SECTION C, 19 THE SCHOOL'S FORM 990 AND 990-T ARE AVAILABLE ON WWW.GUIDESTAR.ORG. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC. RECONCILIATION OF NET ASSETS FORM 990, PAGE 12, PART XI, LINE 5 THE RECONCILING NUMBER IS MADE UP OF THE UNREALIZED GAIN/LOSS AMOUNT OF ($1,416,317) LESS THE AMOUNT OF THE INTERST RATE SWAP AND PRIOR PERIOD ADJUSTMENT FOR INVESTMENTS $57,335. OTHER EXPENSES FORM 990 PART IX DESCRIPTION:ADMINISTRATIVE TOTAL EXPENSES:132220 MANAGEMENT AND GENERAL:132220 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:INVESTMENT MANAGEMENT TOTAL EXPENSES:108657 MANAGEMENT AND GENERAL:108657 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:10000 PROGRAM SERVICES:10000 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:FOOD SERVICES TOTAL EXPENSES:895356 PROGRAM SERVICES:895356 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:ATHLETICS TOTAL EXPENSES:163352 PROGRAM SERVICES:163352 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:LIBRARY TOTAL EXPENSES:43935 PROGRAM SERVICES:43935 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:RESIDENTIAL LIFE TOTAL EXPENSES:52075 PROGRAM SERVICES:52075 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:INSTRUCTIONAL/OTHER TOTAL EXPENSES:488021 PROGRAM SERVICES:488021 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:EQUIPMENT RENTAL & MAINTENANCE TOTAL EXPENSES:476291 PROGRAM SERVICES:476291 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:PRINTING & PUBLICATION TOTAL EXPENSES:47256 PROGRAM SERVICES:33079 MANAGEMENT AND GENERAL:11814 FUNDRAISING:2363