2012-05-11T12:00:23-00:00 2011-06-30 SUPLEE CLOONEY AND COMPANY 308 EAST BROAD ST WESTFIELD NJ 07090 990 2010-07-01 210727645 Princeton Day School Inc PRIN 6099246700 PO Box 75 Princeton NJ 08542 Dulany H Gibson 2012-05-11 true Robert J Butvilla 9087899300 X 2010 2016-02-24 21:20:13Z Paul Stellato PO Box 75 Princeton NJ 08542 39418713 false X www.pds.org X 1965 NJ The School strives to educate the mind, body, and character of each of its students. The School seeks to accomplish its mission through various programs including, but not limited to, classroom instruction, physical education, the arts, both visual and performing, and community service. The School strives to educate the mind, body, and character of each of its students. The School seeks to accomplish its mission through various programs including, but not limited to, classroom instruction, physical education, the arts, both visual and performing, and community service. 22 18 453 400 0 1820927 3090290 25751178 25783893 4725204 4940036 154605 199112 32451914 34013331 5861940 5672225 0 17492703 18371090 172 2615 1065368 6950939 6009661 30305754 30055591 2146160 3957740 100498777 107153810 28200028 27875628 72298749 79278182 X Princeton Day School nutures the mind, the body and the character of each student. In academics, athletics, the arts and service, we celebrate the pursuit of individual excellence and the spirit of collaboration that binds us together as a community. false false 20921470 5672225 24759223 Instructional - Education of the students who attend the School. The Schools enrollment is 908 students that covers grades Pre-K through 12th. Expenses cover all areas of academic instruction necessary for the School to educate its students and accomplish its mission. 1279401 Athletics - Physical development and education of the students at the School. This includes physical education classes and health education classes. Team and individual sports are coordinated through this department, giving students an opportunity to learn and compete in various sports including football middle school only, baseball, softball, lacrosse, basketball, soccer, field hockey, fencing, golf, volleyball, track and field middle school only, ice hockey, tennis, cross country and squash. 1241426 1207000 Auxilliary Activities - programs to supplement the daily academic programs of the School with various activities. These include after school courses covering various academic and educational enrichment programs, summer program offerings of an academic, athletic, arts and community nature, music programs for individual instruction and homework assistance. 1419559 24861856 true true false false false true 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 true false false true false true false false false false false false false false false true 54 0 true 453 true false false false false false true true false false false false X 22 18 false false false false false false false true true false false true true true true true false true true false NJ X Krysta Woll 6099246700 PO Box 75 Princeton NJ 08542 Navroze M Alphonse 001.00 X 0 0 0 Robin R Antonacci 001.00 X 0 0 0 Laura Banks 001.00 X 0 0 0 Marc C Brahaney 001.00 X 0 0 0 Barbara Griffin Cole 001.00 X 0 0 0 Peter M Fasolo 001.00 X 0 0 0 Gianna D Goldman 002.30 X 0 0 0 Barbara Straut Goldsmith 001.00 X 0 0 0 Laura Hanson 001.00 X 0 0 0 Fred A Hargadon 001.00 X 0 0 0 Thomas B Harvey 002.30 X 0 0 0 Eleanor V Horne 001.00 X 0 0 0 Galete J Levin 001.00 X 0 0 0 Tobin Levy 002.30 X 0 0 0 Jill Mundenar 001.00 X 0 0 0 Andrew Okun 002.25 X 0 0 0 Mark J Samse 002.30 X 0 0 0 David R Scott 002.30 X 0 0 0 Lisa R Stockman 001.00 X 0 0 0 John D Wallace 002.30 X 0 0 0 C Treby McLaughlin Williams 005.00 X 0 0 0 Paul Stellato 070.00 X X 257741 0 70501 Dulany Gibson 060.00 X X 167881 0 42188 Steven Hancock 060.00 X 136417 0 50561 John Weaver 060.00 X 144257 0 18688 Carlton Tucker 060.00 X 136286 0 69492 Kelly Dun 050.00 X 105712 0 53038 Paul Bennett 050.00 X 104624 0 25100 1052918 329568 7 false true false Aon Private Risk Management Insurance Agency Inc Dept 9965 Los Angeles CA 900889965 Insurance 553695 Apple Computer PO Box 281877 Atlanta GA 303841877 Technology Hardware 160311 Chartwells Education Dining SvrsFlik Inc PO Box 91337 Chicago IL 606931337 Dining Services 536524 Herman Goldner Co Inc 7777 Brewster Ave Philadelphia PA 191533210 Construction 586684 Rick Bus Co Inc 1399 Lower Ferry Rd Ewing NJ 08618 Transportation 112623 5 3090290 270210 3090290 Tuition 611600 24759223 24759223 Summer School 611600 1000953 1000953 Application Fees 611600 23717 23717 25783893 1128709 1128709 530384 539686 -9302 -9302 -9302 8387673 4576346 3811327 3811327 3811327 281714 289350 -7636 -7636 After School Program 611710 129502 129502 Music Program 611710 76545 76545 Other Income 611710 10003 10003 216050 34013331 25999943 4923098 0 5672225 5672225 0 0 512682 512682 0 13882701 11453251 1853068 576382 1036627 854107 137325 45195 1930946 1591774 260894 78278 1008134 839048 126728 42358 0 67467 67467 19100 19100 0 2615 2615 0 56686 56686 94039 94039 873528 582759 238832 51937 328538 264730 47856 15952 0 648920 519136 97338 32446 176511 119161 37239 20111 0 0 724158 724158 0 1289695 1031756 193454 64485 191831 191831 Capital Asset Renewal 462687 370150 69403 23134 Instructional Expense 839601 839601 Membership Dues 37719 35688 2031 Alumni Gatherings Events 41983 41983 School Gatherings Events 87405 49740 37665 69793 38997 30796 30055591 24861856 4128367 1065368 479338 4991197 4887808 222334 263774 101545 68486 160682 161381 585559 799148 55096875 14900596 40025732 40196279 53609348 52932969 7595194 323042 248771 100498777 107153810 2766388 3468203 7747678 7487003 15000000 15000000 2685962 1920422 28200028 27875628 X 36703327 40900190 16703996 19098160 18891426 19279832 72298749 79278182 100498777 107153810 X 3957740 3021693 X false true true X false X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 7.50 1 false 50.00 false false 35807589 2557432 6794922 568092 1554156 43037695 29942206 5014341 2813259 501200 1298902 162115 35807589 36895312 1426360 -6927869 456200 805153 190244 29942206 0.34000 0.45000 0.21000 false false 2615094 2615094 47200106 11308785 35891321 4920863 3591811 1329052 360812 360812 40196279 Alternative Investments 7595194 F 7595194 Swap Agreement 1920422 Asset Retirement Obligation 1920422 34013331 30055591 3957740 3021693 3021693 6979433 33683741 3021693 829036 3850729 29833012 4180319 4180319 34013331 26704308 829036 829036 25875272 4180319 4180319 30055591 II 9 The Schools conservation easement represents 7.5 acres of land purchased in June 2001. At the time of purchase, the School agreed to keep the land as open space, with no permanent building or structure allowed to be attached to the property. The land is included in the Property, Plant and Equipment section of the audited financial statements. Land is a non-depreciable asset, therefore, there are no effects on the revenue and expense statement. Monitoring of easement compliance is done by the Director of Facilities and members of facilities staff monthly. V 4 The Schools endowment funds are designated to support the operating budget, restricted for support of financial aid, faculty salaries, faculty development and program support. X 2 The most significant tax position of the School is its assertion that it is exempt from income taxes. Other significant tax positions include its determination of whether any amounts are subject to unrelated business tax UBIT. Management has determined the School had no activities subject to UBIT in the years ended June 30, 2011 or 2010. All significant tax positions have been considered by management and it has determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities.The School is required to file Form 990 Return of Organization Exempt from Income Tax which is subject to examination by the Internal Revenue Service IRS up to three years from the extended due date of the tax return. The Forms 990 for 2008 through 2010 are open to examination by the IRS as of June 30, 2011. XII 2d Rental Expenses - 539,686 Bookstore Cost of Goods Sold - 289,350. XII 4b Financial Aid - 4,180,319. This amount represents the need-based portion of financial aid not treated as an expense for financial statement purposes. Balance of financial aid expense listed on the return represents remission benefit 1,491,906. XIII 2d Rental Expenses - 539,686 Bookstore Cost of Goods Sold - 289,350. XIII 4b Financial Aid - 4,180,319. This amount represents the need-based portion of financial aid not treated as an expense for financial statement purposes. Balance of financial aid expense listed on the return represents remission benefit 1,491,906. true true true true true true true false false false false false false false false true false true Part I 6a The School receives funds from the No Child Left Behind Act in support of professional development for faculty for enhancement of teaching methods for reading literacy and mathematics. true Need Based Scholarships 213 4180319 Book I 2 Need-based scholarships are credited to individual student accounts, reducing the amount due. Accounts are monitored monthly. Recipients are required to file a financial statement with an independent agency which evaluates the statement and makes a recommendation to the School of the amount of scholarship the applicant should receive. The School considers the recommendation together with the total funds available for scholarships and makes awards accordingly based upon the need of the student and availability of funds. X X X true true X X X false false false false false false false false false Paul Stellato 257741 18975 64653 341369 Dulany Gibson 167881 53604 221485 Steven Hancock 136417 10658 51552 198627 John Weaver 144257 10886 18775 173918 Carlton Tucker 136286 14514 70372 221172 Kelly Dun 105712 10820 52430 168962 I 1a Items noted in 1a are provided to the Head of School. Housing is provided to the Head of School and Director of Finance and Operations as the Board of Trustees feels the responsibilities of the positions require a continuous presence on campus. Social club dues are provided to the Head for use for business meetings and donor meetings. Lodging is also available for use by visitors to campus. I 1a House cleaning is provided for the Head of School and Director of Finance and Operations houses as part of a continuous maintenance program for the houses. All items listed are treated as nontaxable compensation. I Princeton Day School Inc 210727645 000064577 2005-08-01 15000000 Construction false false false 15000000 2639000 292835 12068165 2007 true false true true false false false false false true false true true Bank of New York Mellon 0000000030.000000000000 true false true Transamerica 0000000001.700000000000 true false true Kelly Dun home loan X 20000 537 false true true 537 Various Trustees 59,500 Need based Scholarship Various Employees 66,210 Remission Marjorie Gibson Daughter, J. Wallace, Trustee 35736 Employment false Sarah Thompson Sister, B. Cole, Trustee 23149 Employment false X 13 270210 Fair Market Value false true false I 9 Column b - amount represents the number of gifts of securities for the year. I 9 Column d - value is determined by taking the average of the high and low stock price on the date of the gift. Form 990 Part III 4d Other program services include the Library Expenses of 702,435. The three libraries on campus provide a focus for study, research and personal reading. Library professionals serve as reading advisors, information specialists and library administrators. Librarians work to ensure that all members of the community are accomplished users of ideas and information. Form 990 Part III 4d Other Program Services includes Student Services of 717,124. These activities serve the Schools students in various capacities. Professionals provide specialized assistance in areas of college counseling, learning styles and health services to enable students to reach their educational objectives. Form 990 Part VI 1a 1b The Executive Committee of the Board of Trustees includes the Head of School, Board Chair, Board Vice-Chair, Treasurer, Secretary and two Board members. The Executive Committee is empowered to act on behalf of the full Board with the power to conduct the business of the School with certain restrictions as set forth by the By Laws. Form 990 Part VI 8 Minutes of Board and Committee meetings are documented and reviewed at subsequent meetings. Documents are retained on file at the school. Form 990 Part VI 11 The Board of Trustees is provided a final copy of the Form 990 and all required schedules that are available to the public prior to its filing. This copy is made available via email to the individual Board members. The Form 990 and all required schedules that are available to the public are reviewed and approved at a meeting of the Audit Committee of the Board of Trustees prior to being made available to the entire Board. Any questions regarding the contents of the return are addressed at that meeting. Form 990 Part VI 12 Each Board member is required to review the conflict of interest policy on an annual basis. Board members are also required to review and sign a compliance questionnaire in regards to the conflict of interest policy. Board members are expected to keep the Board Chair informed of any potential conflicts of interest regarding the business affairs of the School. Whether a conflict of interest exists shall be determined by the Board Chair in consult with the Chair of the Committee on Trustees. If a conflict does exist, that Board member must disclose all facts material to the conflict of interest. Said Board member may not participate in the Boards discussion of the matter except to disclose material facts and respond to questions. The Board member will then leave the Board meeting during the discussion of the matter resulting in the conflict. Form 990 Part VI 12 Persons covered by the conflict of interest policy include Board members themselves and their family members. Form 990 Part VI 14 Although the School does not have a formal, written document retention and destruction policy, the School uses federal and state guidelines in regards to maintaining all business documentation. Form 990 Part VI 15 Comparable salary information is gathered from national and regional associations and is used in determining the salaries for the Head of School and Director Finance and Operations. This review is done on an annual basis. The Executive Committee of the Board of Trustees is charged with determining compensation for the Head of School based on data from other comparable institutions and on evaluation of the Heads performance. An outside consultant provides the Committee a study of comparable independent schools Head of School compensation. The Head of Schools performance is evaluated annually through a process managed by the Board Chair with input from all members of the Board. Form 990 Part VI 15 Salary for the Director of Finance and Operations is determined on an annual basis as a part of a formal performance appraisal . Comparable salary information is gathered for the Head of School who performs the annual performance appraisal and determines an appropriate salary. Form 990 Part VI 19 Documents are available for review upon request. As such documents are not required to be made publicly available, each request is reviewed and either approved or denied on an individual basis. Form 990 Part XI 5 Unrealized Gains - 3,021,693. Form 990 Part III Line 4d Other program services include the Library Expenses of 702,435. The three libraries on campus provide a focus for study, research and personal reading. Library professionals serve as reading advisors, information specialists and library administrators. Librarians work to ensure that all members of the community are accomplished users of ideas and information. Form 990 Part III Line 4d Other Program Services includes Student Services of 717,124. These activities serve the Schools students in various capacities. Professionals provide specialized assistance in areas of college counseling, learning styles and health services to enable students to reach their educational objectives. Form 990 Part VI Section A Line 1a 1b The Executive Committee of the Board of Trustees includes the Head of School, Board Chair, Board Vice-Chair, Treasurer, Secretary and two Board members. The Executive Committee is empowered to act on behalf of the full Board with the power to conduct the business of the School with certain restrictions as set forth by the By Laws. Form 990 Part VI Section A Line 8 Minutes of Board and Committee meetings are documented and reviewed at subsequent meetings. Documents are retained on file at the school. Form 990 Part VI Section B Line 11 The Board of Trustees is provided a final copy of the Form 990 and all required schedules that are available to the public prior to its filing. This copy is made available via email to the individual Board members. The Form 990 and all required schedules that are available to the public are reviewed and approved at a meeting of the Audit Committee of the Board of Trustees prior to being made available to the entire Board. Any questions regarding the contents of the return are addressed at that meeting. Form 990 Part VI Section B Line 12 Each Board member is required to review the conflict of interest policy on an annual basis. Board members are also required to review and sign a compliance questionnaire in regards to the conflict of interest policy. Board members are expected to keep the Board Chair informed of any potential conflicts of interest regarding the business affairs of the School. Whether a conflict of interest exists shall be determined by the Board Chair in consult with the Chair of the Committee on Trustees. If a conflict does exist, that Board member must disclose all facts material to the conflict of interest. Said Board member may not participate in the Boards discussion of the matter except to disclose material facts and respond to questions. The Board member will then leave the Board meeting during the discussion of the matter resulting in the conflict. Form 990 Part VI Section B Line 12 Persons covered by the conflict of interest policy include Board members themselves and their family members. Form 990 Part VI Section B Line 14 Although the School does not have a formal, written document retention and destruction policy, the School uses federal and state guidelines in regards to maintaining all business documentation. Form 990 Part VI Section B Line 15 Comparable salary information is gathered from national and regional associations and is used in determining the salaries for the Head of School and Director Finance and Operations. This review is done on an annual basis. The Executive Committee of the Board of Trustees is charged with determining compensation for the Head of School based on data from other comparable institutions and on evaluation of the Heads performance. An outside consultant provides the Committee a study of comparable independent schools Head of School compensation. The Head of Schools performance is evaluated annually through a process managed by the Board Chair with input from all members of the Board. Form 990 Part VI Section B Line 15 Salary for the Director of Finance and Operations is determined on an annual basis as a part of a formal performance appraisal . Comparable salary information is gathered for the Head of School who performs the annual performance appraisal and determines an appropriate salary. Form 990 Part VI Section C Line 19 Documents are available for review upon request. As such documents are not required to be made publicly available, each request is reviewed and either approved or denied on an individual basis. Form 990 Part XI Line 5 Unrealized Gains - 3,021,693.