2013-02-13T16:39:59-06:00 2012-06-30 EISNERAMPER LLP 750 ROUTE 202 SOUTH SUITE 500 BRIDGEWATER NJ 08807 990 2011-07-01 221487233 Kent Place School % KEVIN QUINN KENT 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07901 KEVIN QUINN 2013-02-15 true DOUGLAS TAPP CPA 9082185002 2011 2016-03-07 17:11:31Z KEVIN QUINN 42 NORWOOD AVENUE SUMMIT NJ 07901 24337421 false X www.kentplace.org X 1894 NJ The only nonsectarian girls' day school in NJ, KPS provides a rigorous and fulfilling education for over 600 students in Kindergarten through Grade 12. The School offers a coed nursery & Pre-Kindergarten program. 30 29 342 525 0 4737984 1971053 20545397 21252670 173726 221997 211762 183314 25668869 23629034 1952763 2153643 0 0 14681328 15334323 0 0 942462 7220639 7232600 23854730 24720566 1814139 -1091532 53714785 52258422 10374711 9732296 43340074 42526126 FOR OVER 100 YEARS, KENT PLACES MISSION IS TO OFFER STUDENTS OF DIVERSE BACKGROUNDS, IN NURSERY THROUGH GRADE 12 AN ACADEMICALLY RIGOROUS CURRICULUM IN A CARING ATMOSPHERE TO INSPIRE YOUNG WOMEN TO LEADERSHIP AND TO STRENGTHEN MORAL AWARENESS. KENT PLACE PROVIDES THE STIMULUS FOR EACH STUDENT TO ACHIEVE HER FULL ACADEMIC, PHYSICAL AND CREATIVE POTENTIAL TO LOVE LEARNING TO GAIN CONFIDENCE TO LIVE RESPONSIBLY TO DEVELOP RESPECT FOR HERSELF AND OTHERS IN THE GLOBAL COMMUNITY. false false 16592825 2153643 21332268 OUR CURRICULUM AT KENT PLACE BEST EXPRESSES OUR COMMITMENT TO CHALLENGING GIRLS, INSPIRING THEIR LOVE OF LEARNING AND OFFERING THE RICHEST EDUCATION POSSIBLE. CLASSES ARE TAUGHT BY FACULTY WHO ARE MASTERS IN THEIR FIELDS AND PASSIONATE ABOUT LEARNING. VISUAL AND PERFORMING ARTS, AS WELL AS SPORTS INSTRUCTION, ARE AVAILABLE TO STUDENTS. IN A TYPICAL YEAR, MORE THAN 90 OF UPPER SCHOOL STUDENTS DEVOTE OVER 7,000 HOURS TO COMMUNITY SERVICE, AS WELL AS HAVE ENGAGED IN OUR GLOBAL SERVICE LEARNING INITIATIVE. KENT PLACE OFFERS SUMMER PROGRAMS WITH TRADITIONAL DAY CAMP, ENRICHMENT ACADEMIES, AND THE GIRLS LEADERSHIP INSTITUTE. KENT PLACE ALSO HAS AN ETHICS INSTITUTE, AFTERSCHOOL ENRICHMENT PROGRAMS, EXTENDED CARE, AND A GREEN CAMPUS INITIATIVE. OUR ETHICS INSTITUTE, A FIRST-OF-ITS-KIND AT THE ELEMENTARY AND SECONDARY SCHOOL LEVELS, BELIEVES THAT FOSTERING ETHICAL THINKING AND ETHICAL DECISION-MAKING IN THE YOUNGEST OF CHILDREN PREPARES THEM TO BE THE MOST EFFECTIVE LEADERS AND COMPASSIONATE CITIZENS OF TOMORROW. 16592825 true true false false false false false false false true true true false false false true true false true false false false false false true true false false true true false false false false false false false false true false false false false false false false false false true 80 1 true 342 true false false false false false false false false false false X 30 29 false false false false false false false true true false false true true true true true true true true false X KEVIN QUINN 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07902 BEVERLY B MILLS 2.0 X X 0 0 0 KIMBERLY E TAYLOR 2.0 X X JAMES A HISLOP 2.0 X X Elisabeth A Benthien 2.0 X 93259 11407 Michele E Blanchard 2.0 X Megan McConnell Brozowski 2.0 X Alison L Canfield 2.0 X G Alexander Crispo 2.0 X Jacqueline D Esquivel 2.0 X Mirian M Graddick-Weir 2.0 X Gentry A Hoit 2.0 X Frances Griffith Laserson 2.0 X Norman E Lewis 2.0 X Mary Beth Lohuis 2.0 X Catherine Herbst Machir 2.0 X Donal F Mastrangelo 2.0 X Kevin Mattingly 2.0 X James H McGraw IV 2.0 X Usha P Robillard 2.0 X Craig H Schiffer 2.0 X Janis E Smith-Gomez 2.0 X X Thomas M Uhlman 2.0 X Suzanne Shearer Whitehorn 2.0 X Deborah E Wiley 2.0 X Anre Williams 2.0 X Susan C Bosland 40.0 X X 292619 98008 MARIA L CHRIN 2.0 X MICHAEL HENINGBURG JR 2.0 X ELIZABETH L MCGINLEY 2.0 X NEIL MOSKOWITZ 2.0 X Pamela Kapsimalis Parsells 2.0 X KEVIN QUINN 40.0 X 69144 20233 Sergio Alati 40.0 X 153257 7752 Elizabeth Bugliari 40.0 X 149998 12518 Karen Rezach 40.0 X 154790 18653 Jennifer Simpson 40.0 X 144906 25027 ELIZABETH WOODALL 40.0 X 130245 30005 1188218 0 223603 11 false true false AVI Foodsystems Inc 2590 Elm Rd NE WARREN OH 44483 FOOD SERVICE 762996 John O'Hara Company Inc 218 North 15th Street PO BOX 4036 EAST ORANGE NJ 07017 CONSTRUCTION 588591 Visbeen Construction Co Inc 555 Goffle Road RIDGEWOOD NJ 07450 CONSTRUCTION 163585 Eastern Janitorial Services Inc 23 North Michigan Avenue KENILWORTH NJ 07033 CLEANING SERVICES 145543 Nadasky Kopelson Architects 95 Washington Street MORRISTOWN NJ 07960 ARCHITECTURE 123227 6 47385 1923668 480851 1971053 TUITION AND FEES 611600 20203416 20203416 AUXILIARY SERVICES 611600 1049254 1049254 21252670 235086 235086 0 0 366847 379936 -13089 -13089 -13089 237008 47385 144286 92722 92722 23600 12606 10994 10994 137324 171559 -34235 -34235 MISCELLANEOUS REVENUE 113833 113833 113833 23629034 21332268 325713 0 2153643 2153643 0 0 551985 551985 0 11815152 7884085 3443340 487727 758657 493287 231849 33521 1323666 925400 281476 116790 884863 583203 267058 34602 0 49002 49002 38075 38075 0 0 0 23648 23648 104122 19519 84603 1180130 320421 658573 201136 686491 6000 680491 0 1092671 709278 332274 51119 0 0 128578 40635 85807 2136 139868 139868 0 1431938 1431938 245451 23061 222390 TEMPORARY EMPLOYMENT EXPENSE 16767 85 16682 INSTRUCTIONAL EXPENSE 662711 662711 DINING HALL 647775 647775 STUDENT TRANSPORTATION 80767 80767 704606 447501 241674 15431 24720566 16592825 7185279 942462 1475005 2003934 0 0 3277878 2391999 184337 302288 0 0 0 0 0 0 200218 158286 322053 309352 44378826 11779412 33320817 32599414 10942244 10184391 3992233 4308758 0 0 0 0 0 0 53714785 52258422 2159886 1962533 0 0 3258303 3291502 0 0 0 0 0 0 4956522 4478261 0 0 0 0 10374711 9732296 X 30680810 29398591 8478811 5307686 4180453 7819849 43340074 42526126 53714785 52258422 X -1091532 277584 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14934472 3594543 118585 285884 70445 18291271 13015712 4009 1924891 -755613 765748 14934477 13161977 4542 1413283 270461 1293629 13015712 16374084 6491 -1951411 518302 748885 13161977 0.39800 0.42800 0.17400 false false 368323 368323 28695194 7739719 20955474 11505031 2180193 9324838 3434039 1719724 1714315 376240 139776 236464 32599414 HEDGE FUNDS 4141894 F BENEFICIAL INT. IN SPLIT INT. 166864 F 4308758 0 0 23629034 24720566 -1091532 -109612 380850 6346 277584 -813948 21581845 21581845 2047189 2047189 23629034 22895374 22895374 1825192 1825192 24720566 PART XI, Line 8: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - $6,346 PART XII, LIne 4B: FINANCIAL AID - $2,153,643 INVESTMENT INCOME - $235,086 REALIZED LOSS ON INVESTMENTS - $(13,089) Direct fundraising expenses - $(144,286) Direct gaming expenses - $(12,606) Cost of goods sold - $(171,559) PART XIII, LINE 4B: FINANCIAL AID - $2,153,643 Direct fundraising expenses - $(144,286) Direct Gaming expenses - $(12,606) Cost of goods sold - $(171,559) PART V, LINE 4: The earnings on the Endowment Funds are primarily used for Scholarships, as well as Maintenance and Operations of the School. PART X, LINE 2: The Financial Accounting Standards Board ("FASB") interpretation regarding 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, 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 year ended June 30, 2012. The income tax returns of the School for June 30, 2011, 2010 and 2009 are subject to examination by the IRS and other various taxing authorities, generally for three years after they were filed. true true true true true true true false false false false false false false false false false true Schedule E, line 3: A statement of policy is published in the legal advertisement section of local newspapers. SPRING FLING 284393 47385 237008 64620 4900 74766 0 284393 47385 237008 64620 4900 74766 144286 92722 23600 11800 806 true 1.00000 23600 11800 806 12606 10994 NJ true false false false 1.00000 CATHLEEN CALLAHAN 42 NORWOOD AVENUE SUMMIT NJ 07901 false ELIZABETH BUGLIARI 0 GENERAL RAFFLE OVERSIGHT X false true FINANCIAL AID 93 2153643 fair market value financial aid PART III, Line 1: FINANCIAL AID IS PROVIDED TO STUDENTS IN NEED IN ACCORDANCE WITH AN APPLICATION PROCESS. X true true X X X X X X false false false false false false false false false Susan C Bosland 292619 37800 60208 390627 Sergio Alati 153257 7350 402 161009 Elizabeth Bugliari 149998 12160 358 162516 Karen Rezach 154790 12713 5940 173443 Jennifer Simpson 144906 12062 12965 169933 ELIZABETH WOODALL 130245 17040 12965 160250 X 27 308217 market sale X MERCHANDISE CONTRIBUTIONS 268 172634 MARKET VALUE false true true PART I, Line 32b: THE SCHOOL UTILIZES AN OUTSIDE BROKER TO FACILITATE THE SALE OF DONATED STOCKS. FORM 990, PART VI, SECTION B, Line 11: FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE FORM IS MADE AVAILABLE TO BOARD MEMBERS FOR 7 DAYS PRIOR TO FILING. FORM 990, PART VI, SECTION B, Line 12: THE HEAD OF SCHOOL MAINTAINS THE STATEMENTS OF CONFLICTS OF INTEREST. THE STATEMENTS ARE SIGNED ANNUALLY AND THE COT CHAIR OF THE BOARD ENSURES COMPLIANCE. NON-COMPLIACE IS BROUGHT TO THE ATTENTION OF THE BOARD PRESIDENT FOR FURTHER FOLLOW-UP. FORM 990, PART VI, SECTION B, Line 15: THE COMPENSATION COMMITTEE, CONSISTING OF BOARD OF TRUSTEE MEMBERS, REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL AND COMPARES THE COMPENSATION TO ITS PEERS BASED ON SURVEYS PERFORMED BY SCHOOL ASSOCIATIONS. THE COMMITTEE REVIEWS THE KEY DATA AND PROVIDES A RECOMMENDATION TO THE PRESIDENT OF THE BOARD OF TRUSTEE FORM 990, PART VI, SECTION C, Line 19: GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED SUBJECT TO WRITTEN REQUEST AND UPON APPROVAL BY THE BOARD OF TRUSTEES OR THEIR APPOINTED DESIGNEE. FORM 990, PART XI, Line 5: RESTATEMENT - $380,850 UNREALIZED LOSS ON INVESTMENTS - $(109,612) CHANGE IN VALUE IN SPLIT INTEREST AGREEMENT - $6,346 FORM 990, PART XII, LINE 2D: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.