2012-12-20T17:30:16-06:00 2012-06-30 EISNERAMPER LLP 750 ROUTE 202 SOUTH SUITE 500 BRIDGEWATER NJ 08807 990 2011-07-01 221487293 The Peck School % DYANA CONROY PECK 9735398660 247 South Street Morristown NJ 07960 DYANA CONROY 2013-02-15 true DOUGLAS TAPP CPA 9082185002 2011 2016-02-24 21:20:13Z JOHN KOWALIK 247 south street morristown NJ 07960 11986952 false X WWW.PECKSCHOOL.ORG X 1893 NJ 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 23 22 87 0 0 1229245 812057 9104019 9539416 1571430 93104 89246 150622 11993940 10595199 420890 484663 0 0 5931820 6367384 0 0 395335 3778858 3656215 10131568 10508262 1862372 86937 39009901 38844946 5560037 5723816 33449864 33121130 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 8123924 484663 9333171 THE PECK SCHOOL, FOUNDED IN 1893, IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL PROVIDING EXCELLENT ELEMENTARY EDUCATION TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADES. 8123924 true true false false false false false false false true true false 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 false true false false false false false false false false false true 0 0 true 87 true false false false false false false false false false false X 23 22 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 WILLIAM I BLANCHARD 2.0 X X JOSE R CLAXTON 2.0 X X CARL P GIORDANO 1.0 X JAMES H HIGGINS III 1.0 X CATHY MARKEY HUFF 1.0 X JENNIFER NEWMAN BRAZIL 1.0 X JOHN C HAGERTY 2.0 X X JENNIFER D SCHMUCKLER 1.0 X MARY ANN V STORMS 1.0 X MARY VI COURTEMANCHE 1.0 X MICHAEL T GILFILLAN 1.0 X GENTRY ASHMORE HOIT 1.0 X ANNE LEBUHN MACCOWATT 1.0 X JEFFREY PAGANO 1.0 X PATRICK C RAMSEY 1.0 X MARGARET F PLYMPTON 1.0 X KEVIN T KENNY 1.0 X JANET K HANLON 1.0 X JENNIFER F MOSS 2.0 X X EDWARD J FOLEY IV 1.0 X CYNTHIA B SPITZNAGEL 1.0 X JOHN KOWALIK 60.0 X X 373945 122029 DONALD J DIEBOLD 40.0 X 100381 JOAN S MYERS 40.0 X 105642 7500 NINA SHARMA 40.0 X 103474 683442 0 129529 4 false true false CGLIC BLOOMFIELD EASC 5082 COLLECTION CTR DRIVE CHICAGO IL 60693 HEALTH INSURANCE 727750 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 338603 CR CLEANING PO BOX 280 BROOKSIDE NJ 07926 JANITORIAL SERVICES 112640 3 812057 29579 812057 TUITION 611710 9333171 9333171 AUXILIARY PROGRAMS 611710 206245 206245 9539416 171065 171065 0 0 1313792 1391753 -77961 -77961 -77961 0 0 0 OTHER INCOME 900099 150622 150622 150622 10595199 9690038 93104 0 484663 484663 0 0 452437 22622 407193 22622 0 4887331 3988592 662001 236738 389174 296439 77844 14891 257933 65613 182320 10000 380509 287504 74895 18110 0 72982 72982 32900 32900 0 0 0 0 0 90201 8643 60399 21159 0 0 0 0 0 41819 15450 21921 4448 152462 152462 0 889880 800892 62292 26696 658143 592329 46070 19744 FACILITIES 506842 456158 35479 15205 FOOD SERVICE 377215 377215 GENERAL ADMINISTRATION EXPENS 239355 239355 INSTRUCTION 289779 289779 304637 285563 13352 5722 10508262 8123924 1989003 395335 6724151 1740393 0 2438144 0 0 177270 60428 0 0 0 0 0 0 0 0 196987 44405 29851704 7637374 22733951 22214330 6069486 10217978 2865744 1839744 0 0 0 0 242312 289524 39009901 38844946 964026 1104271 0 0 662873 671036 3519000 3363000 0 0 0 0 0 0 0 0 414138 585509 5560037 5723816 X 30344971 30117143 2463751 2362845 641142 641142 33449864 33121130 39009901 38844946 X 86937 -415671 X X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0 52096 52096 0 28371217 6842700 21528517 0 1428391 794674 633717 22214330 0 INTEREST RATE SWAP 585509 585509 10595199 10508262 86937 -173645 -242026 -415671 -328734 10188497 -484663 -484663 10673160 -77961 -77961 10595199 10023599 10023599 484663 484663 10508262 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: THE FASB INTERPRETATION REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING FOR INCOME TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2012 AND 2011, 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, 2012 AND 2011. 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. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET DECREASE IN PARENTS ASSOCIATION -70,655 UNREALIZED LOSS ON INTEREST RATE SWAP -171,371 TOTAL TO SCHEDULE D, PART XI, LINE 8 -242,026 PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -484,663 PART XII, LINE 4B - OTHER ADJUSTMENTS: NET REALIZED LOSS ON SALE OF INVESTMENTS -77,961 PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 484,663 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 AND NURSING SERVICES. MORRIS COUNTY, ON BEHALF OF THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION, PAYS DIRECTLY FOR THE TEXTBOOKS AND NURSING SERVICES. true FINANCIAL AID AWARDS FOR TUITION 21 484663 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 267966 105979 91471 30558 495974 33038 PART I, LINE 1A THE HEADMASTER, AS A CONDITION OF EMPLOYMENT, IS REQUIRED TO RESIDE IN SCHOOL HOUSING. THE HEADMASTER RECEIVES A TUITION BENEFIT WHICH IS SUBJECT TO GROSS-UP. New jersey economic development authority 222045817 2005-06-15 13000000 financing the construction of new false false false 0 0 13000000 0 0 0 143185 0 0 12856815 0 0 2007 false false true true false false false false 0 false false true true bank of americamer 15. false false false 0 false true X Schedule K, Part I, Bond Issues: 0 (F) Description of Purpose: Financing the construction of new academic building and athletic facility. X 8 29579 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 5, CHANGES IN NET ASSETS: NET UNREALIZED LOSSES ON INVESTMENTS -173,645 NET DECREASE IN PARENTS ASSOCIATION -70,655 UNREALIZED LOSS ON INTEREST RATE SWAP -171,371 TOTAL TO FORM 990, PART XI, LINE 5 -415,671 FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. FORM 990, PART I, LINE 1: 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.