2013-11-05T13:02:41-06:00 2013-06-30 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2012-07-01 221487293 The Peck School % DYANA CONROY PECK 9735398660 247 South Street Suite Morristown NJ 07960 DYANA CONROY 9735398660 2013-09-20 true RICHARD A SACKIN 7322437000 2012 2015-11-30 17:44:51Z JOHN KOWALIK 247 south street morristown NJ 07960 13427131 false X WWW.PECKSCHOOL.ORG X 1893 NJ WE BELIEVE THAT, IN LIFE, KNOWLEDGE MUST BE GUIDED BY VALUES. PLEASE REFER TO SCHEDULE O FOR THE PECK SCHOOL'S ENTIRE MISSION STATEMENT. 25 24 93 0 812057 892906 9539416 10012739 93104 536969 150622 186126 10595199 11628740 484663 487735 0 0 6367384 6683880 0 0 433138 3656215 4110234 10508262 11281849 86937 346891 38844946 39671200 5723816 5302300 33121130 34368900 WE BELIEVE THAT, IN LIFE, KNOWLEDGE MUST BE GUIDED BY VALUES. THROUGH A COMMITMENT TO CHARACTER FORMATION AND A RIGOROUS AND INSPIRATIONAL ACADEMIC PROGRAM, THE PECK SCHOOL STRIVES TO BUILD IN EACH STUDENT THE CAPACITY FOR DISCIPLINED LEARNING AND CONSIDERATION OF OTHERS. WITH DEDICATED FACULTY AND FAMILIES, WE PREPARE ELEMENTARY STUDENTS TO SUCCEED IN SECONDARY SCHOOL AND TO LEAD HEALTHY, PRODUCTIVE, AND PRINCIPLED LIVES. false false 8460317 487735 9816126 THE PECK SCHOOL, FOUNDED IN 1893, IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL PROVIDING EXCELLENT ELEMENTARY EDUCATION TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADES. 8460317 true true false false false false false false false true true true false false true true true false true false false false false false false false false false true true true false false false false false false false false false true true false false false false false false false false true 0 0 93 true false false false false false false false false false false X 25 24 false false false false true false false true true false false true true true true true true true true false NJ X DYANA CONROY 9735398660 247 SOUTH STREET morristown NJ 07960 HENRY KLEHM III 5.0 X X 0 0 JENNIFER F MOSS 2.0 X X JOSE R CLAXTON 2.0 X X WILLIAM I BLANCHARD 1.0 X DEBORAH BOLLINGER 1.0 X JENNIFER NEWMAN BRAZIL 1.0 X KEENEH M COMIZIO 1.0 X JOHN C HAGERTY 2.0 X X MARY V I COURTEMANCHE 1.0 X JOHN S DUBEL 1.0 X MICHAEL T GILFILLAN 1.0 X JANET K HANLON 1.0 X T CHANDLER HARDWICK 1.0 X JAMES H HIGGINS III 1.0 X TODD W HOHMAN 1.0 X GENTRY ASHMORE HOIT 1.0 X KEVIN T KENNY 1.0 X ANNE LEBUHN MACCOWATT 1.0 X JEFFREY L PAGANO 1.0 X EDWARD J FOLEY IV 2.0 X X MARGARET F PLYMPTON 1.0 X PATRICK C RAMSEY 1.0 X JOHN KOWALIK 60.0 X X 484920 160390 JENNIFER D SCHMUCKLER 1.0 X MARY ANN V STORMS 1.0 X DONALD J DIEBOLD 40.0 X 102816 32733 JOAN S MYERS 40.0 X 115822 25960 NINA SHARMA 40.0 X 112624 26532 DYANA CONROY 40.0 X 157706 16914 VIC TAYLOR 40.0 X 106485 17332 1080373 0 279861 6 false true false SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 493484 CR CLEANING PO BOX 280 BROOKSIDE NJ 07926 JANITORIAL SERVICES 135320 2 892906 84382 892906 TUITION 611710 9816126 9816126 AUXILIARY PROGRAMS 611710 196613 196613 10012739 325149 325149 0 0 0 0 0 2010211 1798391 211820 211820 0 0 0 OTHER INCOME 900099 186126 186126 186126 11628740 10198865 325149 0 487735 487735 0 0 507974 22622 462730 22622 0 5093677 4058060 770842 264775 426048 308567 100929 16552 259922 79087 170835 10000 396259 291037 84967 20255 0 101726 101726 36250 36250 0 0 0 0 0 108423 8939 75705 23779 0 0 0 0 0 44077 6373 35617 2087 145176 145176 0 891246 802122 62387 26737 735062 661556 51454 22052 FACILITIES 669601 602641 46872 20088 FOOD SERVICE 402453 402453 0 0 GENERAL ADMINISTRATION EXPENS 378303 0 378303 0 INSTRUCTION 341088 341088 0 0 256829 242861 9777 4191 11281849 8460317 2388394 433138 1740393 343650 2438144 2564937 0 0 60428 71288 0 0 0 0 0 0 0 0 44405 217504 30124040 8526262 22214330 21597778 10217978 12304337 1839744 2295705 0 0 0 0 289524 276001 38844946 39671200 1104271 951932 0 0 671036 716521 3363000 3207000 0 0 0 0 0 0 0 0 585509 426847 5723816 5302300 X 30117143 31196188 2362845 2531570 641142 641142 33121130 34368900 38844946 39671200 X 346891 647464 253415 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10085519 14799 871209 80967 288894 10601666 10536644 12400 -91874 82285 289366 10085519 9250330 2700 1677567 87663 306290 10536644 8086617 382509 886973 38565 67204 9250330 10173655 97 -1717939 87905 281291 8086617 0.71000 0.06000 0.23000 false false 52096 52096 28489556 7573093 20916463 1582388 953169 629219 21597778 PARTNERSHIP FUND OF FUNDS 471662 F ALTERNATIVE INVESTMENTS 1824043 F 2295705 0 INTEREST RATE SWAP 426847 426847 X 10929185 -487735 -487735 11416920 211820 211820 11628740 10794114 10794114 487735 487735 11281849 PART V, LINE 4: THE PRIMARY PURPOSE OF THE PECK SCHOOL ENDOWMENT FUND IS TO PROVIDE THE SCHOOL WITH RECURRENT AND GROWING FINANCIAL SUPPORT TO BE USED TO SUPPORT THE OPERATIONS OF THE SCHOOL. PART X, LINE 2: 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, 2013 AND 2012, 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 JUNE 30, 2013 AND 2012. THE INCOME TAX RETURNS OF THE SCHOOL FOR JUNE 30, 2012, 2011 AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -487,735 PART XI, LINE 4B - OTHER ADJUSTMENTS: NET REALIZED GAIN ON SALE OF INVESTMENTS 211,820 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 487,735 true true true true true true true false false false false false false false false true false true Part I, Line 3: THE PECK SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS ADVERTISING IN LOCAL NEWSPAPERS, BROCHURES, AND CATALOGS. Part I, Line 6a: EXPLANATION OF GOVERNMENT FINANCIAL AID: THE PECK SCHOOL RECEIVES FUNDS FROM THE STATE DEPARTMENT OF EDUCATION FOR TEXTBOOKS, TECHNOLOGY AND NURSING SERVICES. MORRIS COUNTY, ON BEHALF OF THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION, PAYS DIRECTLY FOR THE TEXTBOOKS, TECHNOLOGY AND NURSING SERVICES. true FINANCIAL AID AWARDS FOR TUITION 19 487735 FMV TUITION DISCOUNT SCH I, PART I, LINE 2 Financial aid grants are deducted directly by the School from the studenT's tuition. X X true true X X X X X false true false false false false false false false JOHN KOWALIK 279150 205770 91971 68419 645310 61905 DYANA CONROY 157706 16522 392 174620 PART I, LINE 1A THE HEADMASTER, AS A CONDITION OF EMPLOYMENT, IS REQUIRED TO RESIDE IN SCHOOL HOUSING. INCLUDED IN PART II, (B)(III), THE HEADMASTER RECEIVES A TUITION BENEFIT WHICH IS SUBJECT TO GROSS-UP. Part 1, Line 4b JOHN KOWALIK - SUPPLEMENTAL NONQUALIFIED 457(b)PLAN - $17,000 A New jersey economic development authority 222045817 2005-06-15 13000000 financing the construction of new false false false A 0 0 0 13000000 0 0 143185 0 0 12856815 0 0 2007 false false true true A false false false false 0 false false false false A false true true true bank of america 15. false false false 0 false false A true Schedule K, Part I, Bond Issues: 0 (F) Description of Purpose: Financing the construction of new academic building and athletic facility. Jeff Pagano trustee 101502 DIRECTOR OF INVESTMENT FIRM false X 9 84382 FMV false true false FORM 990, PART VI, SECTION A, LINE 6: THE PARENTS OR LEGAL GUARDIANS OF CHILDREN HOLDING ENROLLMENT CONTRACTS ARE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11: THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED WITH A COMPLETE COPY OF THE FORM 990 AND APPROVES THE FORM 990 FOR FILING. ALL OTHER MEMBERS OF THE CORPORATION'S BOARD OF TRUSTEES ARE PROVIDED WITH THE PUBLIC VERSION OF THE FORM 990 FOR THEIR REVIEW AND COMMENT PRIOR TO THE FILING OF THE FORM. THE FULL BOARD HAS THE OPPORTUNITY TO REVIEW THE COMPLETE RETURN UPON REQUEST. THE BOARD'S AUDIT COMMITTEE, ALONG WITH THE HEADMASTER AND BUSINESS MANAGER REVIEW IN DETAIL THE FORM 990 WITH THE PREPARER PRIOR TO THE FORM'S FINAL COMPLETION. FORM 990, PART VI, SECTION B, LINE 12C: OFFICERS AND TRUSTEES OF THE CORPORATION, ALONG WITH CERTAIN MEMBERS OF THE ADMINISTRATION ARE ANNUALLY PROVIDED COPIES OF THE CORPORATION'S CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE DISCLOSURE FORMS. THE FORMS ARE THEN SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD, THE AUDIT COMMITTEE, AND TO THE CORPORATION'S INDEPENDENT AUDITOR FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15: THE BOARD OF TRUSTEES DELEGATES TO A COMPENSATION COMMITTEE THE PROCESS FOR REVIEWING AND DETERMINING THE COMPENSATION OF THE HEADMASTER. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE HEADMASTER'S COMPENSATION AGAINST INFORMATION FOR THE HEAD OF SCHOOL OF COMPARABLE ORGANIZATIONS. PERIODICALLY, APPROXIMATELY EVERY THREE TO FOUR YEARS, THE COMPENSATION COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT KNOWLEDGEABLE IN THE FIELD TO PROVIDE ADDITIONAL DETAILED INFORMATION REGARDING COMPARABLE COMPENSATION LEVELS AND PRACTICES. THE PROCESS AND DISCUSSION IS DOCUMENTED IN THE RECORDS MAINTAINED BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE ANNUALLY MAKES A RECOMMENDATION TO THE BOARD MEETING IN EXECUTIVE SESSION REGARDING THE HEADMASTER'S COMPENSATION, WHICH DISCUSSES AND VOTES ON THE COMPENSATION COMMITTEE'S RECOMMENDATION. THE HEADMASTER ANNUALLY REVIEWS COMPARABLE INFORMATION FOR KEY EMPLOYEES, AND DISCUSSES THAT INFORMATION WITH THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19: THE GOVERNING DOCUMENTS OF THE PECK SCHOOL (INCLUDING THE CERTIFICATE OF INCORPORATION, FORM 1023 APPLICATION FOR FEDERAL TAX-EXEMPT STATUS, AND THE FEDERAL TAX-EXEMPT DETERMINATION LETTER), GOVERNANCE POLICIES (INCLUDING THE CONFLICT OF INTEREST POLICY), AS WELL AS FINANCIAL STATEMENTS (INCLUDING AUDITED FINANCIAL STATEMENTS AND PREVIOUSLY FILED FORM 990 ANNUAL INFORMATION RETURNS) ARE AVAILABLE FOR INSPECTION UPON REQUEST. COPIES ARE PROVIDED WITHIN 30 DAYS OF THE REQUEST. ALL DOCUMENTATION REQUESTS ARE DIRECTED TO THE BUSINESS MANAGER OF THE CORPORATION AT THE ADDRESS LISTED BELOW: ATTN: DYANA CONROY, DIRECTOR OF FINANCE AND OPERATIONS THE PECK SCHOOL 247 SOUTH STREET MORRISTOWN, NJ 07960 FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: NET INCREASE IN PARENTS ASSOCIATION: $ 94,754 UNREALIZED GAIN ON INTEREST RATE SWAP: 158,661 TOTAL TO FORM 990, PART XI, LINE 9: $253,415 FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. FORM 990, PART I, LINE 1: WE BELIEVE THAT, IN LIFE, KNOWLEDGE MUST BE GUIDED BY VALUES. THROUGH A COMMITMENT TO CHARACTER FORMATION AND A RIGOROUS AND INSPIRATIONAL ACADEMIC PROGRAM, THE PECK SCHOOL STRIVES TO BUILD IN EACH STUDENT THE capacity for disciplined learning and consideration of others. With dedicated faculty and families, we prepare elementary students to succeed in secondary school and to lead healthy, productive and principled lives.