﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-13T15:46:43-05:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>WITHUMSMITHBROWN</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>331 NEWMAN SPRINGS RD STE 125</AddressLine1>
        <City>RED BANK</City>
        <State>NJ</State>
        <ZIPCode>077016765</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>221853774</EIN>
      <Name>
        <BusinessNameLine1>RANNEY SCHOOL</BusinessNameLine1>
      </Name>
      <NameControl>RANN</NameControl>
      <Phone>7325424777</Phone>
      <USAddress>
        <AddressLine1>235 HOPE ROAD</AddressLine1>
        <City>TINTON FALLS</City>
        <State>NJ</State>
        <ZIPCode>07724</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>CHRISTOPHER ZRALY</Name>
      <Title>CFO</Title>
      <DateSigned>2011-05-13</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>GLENN G BELLOMY CPA</Name>
      <Phone>7328423113</Phone>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="11">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO">
      <GrossReceipts>19245355</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="3">X</Organization501c>
      <WebSite>RANNEYSCHOOL.ORG</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1968</YearFormation>
      <StateLegalDomicile>NJ</StateLegalDomicile>
      <ActivityOrMissionDescription>Ranney School is a coeducational independent day school serving students in beginners (3 years old) through 12th grade. It also runs summer programs, including a day camp and enrichment academic courses.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>17</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>16</NbrIndependentVotingMembers>
      <TotalNbrEmployees>339</TotalNbrEmployees>
      <TotalNbrVolunteers>179</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>620367</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>564621</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>17520854</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>17991199</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>223441</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>-102490</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>352234</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>504106</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>18716896</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>18957436</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>0</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>12123394</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>12786906</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>662485</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>7090474</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>7623317</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>19213868</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>20410223</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-496972</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-1452787</RevenuesLessExpensesCY>
      <TotalAssetsBOY>48802738</TotalAssetsBOY>
      <TotalAssetsEOY>47950777</TotalAssetsEOY>
      <TotalLiabilitiesBOY>36236501</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>37820286</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>12566237</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>10130491</NetAssetsOrFundBalancesEOY>
      <MissionDescription>RANNEY SCHOOL'S MISSION IS TO SEE EACH STUDENT MATURE WITH CHARACTER, CONFIDENCE AND COURAGE. UPON GRADUATION, RANNEY STUDENTS BECOME TOMORROW'S LEADERS, DISTINGUISHED BY THEIR INTELLIGENCE, ABILITY, SOCIAL CONSCIENCE AND CHARACTER. IT IS OUR DEEP CONVICTION THAT A QUALITY EDUCATION CAN MAKE A SIGNIFICANT DIFFERENCE IN A STUDENT'S LIFE. AT RANNEY SCHOOL, WE FIRMLY BELIEVE THAT THE MOST SATISFYING AND SUCCESSFUL LEARNING MOMENTS ARE IGNITED AND NURTURED BY SKILLED EDUCATORS IN SMALL AND INCLUSIVE SETTINGS. THE RANNEY EXPERIENCE REMAINS HIGHLY PERSONAL, INSPIRING, RIGOROUS AND WELL BALANCED. EACH RANNEY STUDENT EMBARKS ON AN EDUCATIONAL JOURNEY THAT PROVIDES A BOUNTY OF OPPORTUNITY FOR SELF-DISCOVERY, GUIDED BY MODERN METHODS OF INSTRUCTION AND TRADITIONAL EDUCATIONAL VALUES.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>12946713</Expense>
      <Revenue>17991199</Revenue>
      <Description>ELEMENTARY &amp; SECONDARY SCHOOL</Description>
      <TotalProgramServiceExpense>12946713</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">true</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported referenceDocumentId="IRS990ScheduleD">true</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="IRS990ScheduleE">true</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="IRS990ScheduleG">false</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="IRS990ScheduleG">true</FundraisingActivities>
      <Gaming referenceDocumentId="IRS990ScheduleG">true</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="IRS990ScheduleK">true</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="IRS990ScheduleL">true</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="IRS990ScheduleL">true</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="IRS990ScheduleL">false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="IRS990ScheduleL">true</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="IRS990ScheduleL">false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions referenceDocumentId="IRS990ScheduleM">true</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt referenceDocumentId="IRS990ScheduleM">false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>16</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>339</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>true</QuidProQuoContributions>
      <QuidProQuoDisclosure>true</QuidProQuoDisclosure>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form8899Filed>false</Form8899Filed>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <NbrVotingGoverningBodyMembers>17</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>16</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>true</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>true</LocalChapters>
      <PoliciesReferenceChapters>true</PoliciesReferenceChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NJ</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>RANNEY SCHOOL</NamePerson>
        <TelephoneNumber>7325424777</TelephoneNumber>
        <AddressUS>
          <AddressLine1>235 HOPE ROAD</AddressLine1>
          <City>TINTON FALLS</City>
          <State>NJ</State>
          <ZIPCode>07724</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>DANIEL GOLDBERG MD</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARSHALL KNOPF</NamePerson>
        <Title>SENIOR VICE PRESIDENT</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JAMIE PRICE</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOSEPHINE ESQUIVEL</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PATRICIA KURDYLA</NamePerson>
        <Title>SECRETARY</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JACK MCENERY</NamePerson>
        <Title>CO-TREASURER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALBERT TEDESCHI</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRIAN TORPEY MD</NamePerson>
        <Title>STRATEGIC PLANNING ADVISOR</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CAROL MARTIN</NamePerson>
        <Title>EDUCATION DEVELOPMENT ADVISOR</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>THOMAS FRYSTOCK</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KRISTEN GERHARD</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PAUL GUIDONE</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>THOMAS KARAGIANAKIS</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MICHAEL OSTER</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>STEPHEN PAPETTI</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALBERT RODRIGUEZ</NamePerson>
        <Title>CO-TREASURER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DOUGLAS ROBERTS</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>10.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LAWRENCE SYKOFF</NamePerson>
        <Title>HEAD OF SCHOOL</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>340159</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>22720</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHRISTOPHER ZRALY</NamePerson>
        <Title>CHIEF FINANCIAL OFFICER</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>166777</ReportableCompFromOrganization>
        <OtherCompensation>23967</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVID FISCHER</NamePerson>
        <Title>ASST. HEAD OF US</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>111577</ReportableCompFromOrganization>
        <OtherCompensation>10358</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PATRICIA MARSHALL</NamePerson>
        <Title>HEAD OF LS</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>113621</ReportableCompFromOrganization>
        <OtherCompensation>15980</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RICHARD PICCIRILLO</NamePerson>
        <Title>FACULTY- US MATH</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>119430</ReportableCompFromOrganization>
        <OtherCompensation>5911</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HEATHER RUDISI</NamePerson>
        <Title>DIRECTOR OF ADMISSIONS</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>131290</ReportableCompFromOrganization>
        <OtherCompensation>25695</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RUSSELL GARTZ</NamePerson>
        <Title>DIR. OF INSTITUTIONAL ADVMT</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>122369</ReportableCompFromOrganization>
        <OtherCompensation>15980</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>1105223</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>120611</TotalOtherCompensation>
      <NumberIndividualsGT100K>7</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>CSI INTERNATIONAL</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>328 NEWMAN SPRINGS ROAD</AddressLine1>
            <City>RED BANK</City>
            <State>NJ</State>
            <ZIPCode>07701</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CLEANING</DescriptionOfServices>
        <Compensation>418121</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>SEMAN-TOV</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>10 TRUAX STREET</AddressLine1>
            <City>RED BANK</City>
            <State>NJ</State>
            <ZIPCode>07740</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>BUSING</DescriptionOfServices>
        <Compensation>136075</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>FIRST GROUP AMERICA</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>24179 NETWORK PLACE</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>606731241</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>BUSING</DescriptionOfServices>
        <Compensation>478166</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>CHARTWELLS FLIK DINING</NamePerson>
        </NameOfContractor>
        <AddressOfContractor />
        <DescriptionOfServices>FOOD SERVICE</DescriptionOfServices>
        <Compensation>1014651</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>GANNETT NJ MEDIA GROUP</NamePerson>
        </NameOfContractor>
        <AddressOfContractor />
        <DescriptionOfServices>ADVERTISING</DescriptionOfServices>
        <Compensation>140147</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>6</NumberOfContractorsGT100K>
      <GovernmentGrants>55732</GovernmentGrants>
      <AllOtherContributions>508889</AllOtherContributions>
      <NoncashContributions>28088</NoncashContributions>
      <TotalContributions>564621</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION AND FEES</Description>
        <TotalRevenueColumn>17991199</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>17991199</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>17991199</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>-102490</TotalRevenueColumn>
        <ExclusionAmount>-102490</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>720710</GrossIncomeFundraisingEvents>
      <FundraisingDirectExpenses>287919</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>432791</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <GrossIncomeGaming>40223</GrossIncomeGaming>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>40223</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS INCOME</Description>
        <TotalRevenueColumn>31092</TotalRevenueColumn>
        <ExclusionAmount>31092</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>31092</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>18957436</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>17991199</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>-71398</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>506937</Total>
        <ManagementAndGeneral>336857</ManagementAndGeneral>
        <Fundraising>170080</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>9454842</Total>
        <ProgramServices>8214886</ProgramServices>
        <ManagementAndGeneral>987814</ManagementAndGeneral>
        <Fundraising>252142</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>554372</Total>
        <ProgramServices>489700</ProgramServices>
        <ManagementAndGeneral>55337</ManagementAndGeneral>
        <Fundraising>9335</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>1448693</Total>
        <ProgramServices>1194651</ProgramServices>
        <ManagementAndGeneral>217374</ManagementAndGeneral>
        <Fundraising>36668</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>822062</Total>
        <ProgramServices>677906</ProgramServices>
        <ManagementAndGeneral>123349</ManagementAndGeneral>
        <Fundraising>20807</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>48334</Total>
        <ManagementAndGeneral>48334</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>0</Total>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>0</Total>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>39306</Total>
        <ManagementAndGeneral>39306</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>362820</Total>
        <ManagementAndGeneral>362820</ManagementAndGeneral>
      </Advertising>
      <OfficeExpenses>
        <Total>651011</Total>
        <ManagementAndGeneral>477558</ManagementAndGeneral>
        <Fundraising>173453</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>120024</Total>
        <ManagementAndGeneral>120024</ManagementAndGeneral>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>951689</Total>
        <ManagementAndGeneral>951689</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>0</Total>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>33529</Total>
        <ProgramServices>8905</ProgramServices>
        <ManagementAndGeneral>24624</ManagementAndGeneral>
      </ConferencesMeetings>
      <Interest>
        <Total>851773</Total>
        <ManagementAndGeneral>851773</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>1370945</Total>
        <ProgramServices>875963</ProgramServices>
        <ManagementAndGeneral>494982</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>235586</Total>
        <ManagementAndGeneral>235586</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>REPAIRS AND MAINTENANCE</Description>
        <Total>1058998</Total>
        <ManagementAndGeneral>1058998</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SCHOOL AND GYM SUPPLIES</Description>
        <Total>517521</Total>
        <ProgramServices>517521</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUMMER CAMP / SUMMER SCHOOL</Description>
        <Total>344838</Total>
        <ProgramServices>344838</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EXTRA-CURRICULAR ACTIVITIES</Description>
        <Total>358671</Total>
        <ProgramServices>358671</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>STUDENT TRANSPORTATION</Description>
        <Total>263672</Total>
        <ProgramServices>263672</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>414600</Total>
        <ManagementAndGeneral>414600</ManagementAndGeneral>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>20410223</Total>
        <ProgramServices>12946713</ProgramServices>
        <ManagementAndGeneral>6801025</ManagementAndGeneral>
        <Fundraising>662485</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>14413415</BOY>
        <EOY>7845466</EOY>
      </CashNonInterestBearing>
      <PledgesAndGrantsReceivable>
        <BOY>1935038</BOY>
        <EOY>1242011</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>63063</BOY>
        <EOY>93818</EOY>
      </AccountsReceivable>
      <ReceivablesFromDisqualPersons>
        <BOY>100000</BOY>
        <EOY>75000</EOY>
      </ReceivablesFromDisqualPersons>
      <PrepaidExpensesDeferredCharges>
        <BOY>281711</BOY>
        <EOY>310059</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>41850828</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>12054571</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>31008756</BOY>
        <EOY>29796257</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>0</BOY>
        <EOY>7731642</EOY>
      </InvestmentsPubTradedSecurities>
      <IntangibleAssets>
        <BOY>356600</BOY>
        <EOY>337987</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>644155</BOY>
        <EOY>518537</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>48802738</BOY>
        <EOY>47950777</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>1462071</BOY>
        <EOY>1379177</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>7293917</BOY>
        <EOY>8087216</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>23410694</BOY>
        <EOY>23410000</EOY>
      </TaxExemptBondLiabilities>
      <MortNotesPyblSecuredInvestProp>
        <BOY>2711597</BOY>
        <EOY>2664849</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>1358222</BOY>
        <EOY>2279044</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>36236501</BOY>
        <EOY>37820286</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>11731183</BOY>
        <EOY>9223800</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>505928</BOY>
        <EOY>573675</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>329126</BOY>
        <EOY>333016</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>12566237</BOY>
        <EOY>10130491</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>48802738</BOY>
        <EOY>47950777</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <School170b1Aii>X</School170b1Aii>
      <ContribByControllingIndividual>false</ContribByControllingIndividual>
      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYear>
        <BeginningOfYearBalance>349220</BeginningOfYearBalance>
        <Contributions>3890</Contributions>
        <InvestmentEarningsOrLosses>1126</InvestmentEarningsOrLosses>
        <EndOfYearBalance>354236</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>117876</BeginningOfYearBalance>
        <Contributions>229126</Contributions>
        <InvestmentEarningsOrLosses>2218</InvestmentEarningsOrLosses>
        <EndOfYearBalance>349220</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.00000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.94000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.06000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>1000500</OtherCostOrOtherBasis>
        <BookValue>1000500</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>36531498</OtherCostOrOtherBasis>
        <Depreciation>9020325</Depreciation>
        <BookValue>27511173</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>4318830</OtherCostOrOtherBasis>
        <Depreciation>3034246</Depreciation>
        <BookValue>1284584</BookValue>
      </Equipment>
      <OtherLandBuildings />
      <TotalOfBookValueLandBuildings>29796257</TotalOfBookValueLandBuildings>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>SWAP INTEREST LIABILITY</Description>
        <Amount>2093468</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DEFERRED COMPENSATION</Description>
        <Amount>185576</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2279044</TotalOfAmounts>
      <TotalRevenue>18957436</TotalRevenue>
      <TotalExpenses>20410223</TotalExpenses>
      <ExcessOrDeficitForYear>-1452787</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>51495</NetUnrealizedGLOnInvestments>
      <OtherAmount>-735246</OtherAmount>
      <TotalAdjustments>-683751</TotalAdjustments>
      <ExcessOrDeficitPerFS>-2136538</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>19296850</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>51495</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>51495</RevenueNotRptdF990>
      <RevenueSubtotal>19245355</RevenueSubtotal>
      <OtherRevenuesNotIncluded>-287919</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>-287919</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>18957436</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>20698142</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>287919</OtherExpensesIncluded>
      <ExpensesNotRptdF990>287919</ExpensesNotRptdF990>
      <ExpensesSubtotal>20410223</ExpensesSubtotal>
      <TotalExpensesPerForm990>20410223</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Other revenue included on return but not on books</Identifier>
        <ReturnReference>PART XII, LINE 4B</ReturnReference>
        <Explanation>Special Events Expense 287,919</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>OTHER EXPENSES INCLUDED ON BOOKS BUT NOT ON RETURN</Identifier>
        <ReturnReference>PART XI, LINE 8</ReturnReference>
        <Explanation>LOSS ON INTEREST-RATE SWAP CONTRACT -735,246</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>NEWPAPER ADVERTISING AND REGISTRATION LITERATURE PUBLICIZE THE SCHOOL' NONDISCRIMINATION POLICY.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>RANNEY SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM THE STATE OF NEW JERSEY TO HELP COVER THE COSTS FOR A SCHOOL NURSE. THE SCHOOL ALSO RECEIVES TEXTBOOKS AND EQUIPMENT WHICH ARE PAID BY AND REMAIN THE PROPERTY OF THE MONMOUTH-OCEAN EDUCATIONAL SERVICES COMMISSION (MOESC). MOESC RECEIVES FUNDING FROM THE STATE OF NEW JERSEY TO PAY FOR THE TEXTBOOKS AND EQUIPMENT.</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <EventsInformation>
        <NameOfEvent1>GALA</NameOfEvent1>
        <GrossReceiptsEvent1>547642</GrossReceiptsEvent1>
        <GrossRevenueEvent1>547642</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>76647</RentFacilityCostsEvent1>
        <NameOfEvent2>BOOK FAIR</NameOfEvent2>
        <GrossReceiptsEvent2>43078</GrossReceiptsEvent2>
        <GrossRevenueEvent2>43078</GrossRevenueEvent2>
        <OtherDirectExpensesEvent2>39048</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>10</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>129990</GrossReceiptsOtherEvents>
        <GrossRevenueOtherEvents>129990</GrossRevenueOtherEvents>
        <OtherDirectExpensesOtherEvents>172224</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>720710</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>720710</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>76647</RentFacilityCostsTotalEvents>
        <OtherDirectExpensesTotalEvents>211272</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>287919</DirectExpenseSummaryEvents>
        <NetIncomeSummary>432791</NetIncomeSummary>
      </EventsInformation>
      <GamingInformation>
        <GrossRevenueOtherGaming>40223</GrossRevenueOtherGaming>
        <VolunteerLaborOtherGaming>true</VolunteerLaborOtherGaming>
        <GrossRevenueTotalGaming>40223</GrossRevenueTotalGaming>
        <NetGamingIncomeSummary>40223</NetGamingIncomeSummary>
      </GamingInformation>
      <StatesWhereGamingConducted>NJ</StatesWhereGamingConducted>
      <Licensed>true</Licensed>
      <LicenseSuspendedEtc>false</LicenseSuspendedEtc>
      <GamingWithNonmembers>true</GamingWithNonmembers>
      <MemberOfOtherEntity>false</MemberOfOtherEntity>
      <PercentageOfGamingOwnFacility>1.00000</PercentageOfGamingOwnFacility>
      <PercentageOfGamingOthrFacility>0.00000</PercentageOfGamingOthrFacility>
      <NameOfGamingRecKeeperPerson>TRACY MUTCHIGA</NameOfGamingRecKeeperPerson>
      <AddressOfGamingRecKeeperUS>
        <AddressLine1>235 HOPE ROAD</AddressLine1>
        <City>TINTON FALLS</City>
        <State>NJ</State>
        <ZIPCode>07724</ZIPCode>
      </AddressOfGamingRecKeeperUS>
      <ContractWith3rdPartyForGamRev>false</ContractWith3rdPartyForGamRev>
      <GamingManagerNamePerson>TRACY MUTCHIGA</GamingManagerNamePerson>
      <GamingManagerCompensation>61592</GamingManagerCompensation>
      <GamingManagerServicesProvided>DIRECTOR OF SOCIAL EVENTS/PARENTS RELATI</GamingManagerServicesProvided>
      <GamingManagerIsEmployee>X</GamingManagerIsEmployee>
      <CharitableDistribRequired>false</CharitableDistribRequired>
    </IRS990ScheduleG>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>LAWRENCE SYKOFF</NamePerson>
        <BaseCompensationFilingOrg>282628</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>15000</BonusFilingOrg>
        <OtherCompensationFilingOrg>42531</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>21038</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>1682</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>362879</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>CHRISTOPHER ZRALY</NamePerson>
        <BaseCompensationFilingOrg>166777</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>7987</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>15980</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>190744</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>HEATHER RUDISI</NamePerson>
        <BaseCompensationFilingOrg>131290</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>10168</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>15527</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>156985</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>222045817</IssuerEIN>
        <CUSIPNumber>64577HQP9</CUSIPNumber>
        <DateIssued>2007-08-01</DateIssued>
        <IssuePrice>23410000</IssuePrice>
        <DescriptionOfPurpose>CONSTRUCTION OF SCHOOL BUILDING</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <LoanTable>
        <NamePerson>LAWRENCE SYKOFF</NamePerson>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>150000</OriginalPrincipalAmount>
        <BalanceDue>75000</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>75000</TotalBalanceDue>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>EILEEN WILTON</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>BOARD MEMBER'S DAUGHTER</Relationship>
        <DescriptionOfTransaction>EMPLOYMENT</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt />
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications />
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded />
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>VARIOUS</Description>
        <NumberOfContributions>23</NumberOfContributions>
        <NoncashContribsRptdF990>28088</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>PART VI, LINE 12</Identifier>
        <Explanation>THE MEMBERS OF THE Board OF TRUSTEES annually complete a conflict of interest disclosure questionnnaire. THE TRUSTEES SHALL EXCERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO THE ORGANIZATION AND ITS PROPERTIES. If a potential conflict ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT. RANNEY SCHOOL'S policy requires that a potential conflict of interest be reported at any time that it arises.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART VI, LINE 4</Identifier>
        <Explanation>Significant changes to the organizational documents made during 2009 were to the general ByLaws of the Ranney School. These changes include: (1) allowing the Board of Trustees to remove Trustees for reasons other than cause, (2) increasing the number of Treasurer positions, (3) adding investment and strategic planning committees as standing committees of the Board, and (4) a provision on dissolution was added indicating that no proceeds from any liquidation of the School would be divided among the Trustees or to their benefit, instead, assets are to be distributed to nonprofit organizations based on certain criteria.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART VI, LINE 10</Identifier>
        <Explanation>Form 990 is distributed to the school's Board of Trustees prior to filing for review and comment.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART VI, LINE 15</Identifier>
        <Explanation>The Head of School's compensation is determined by the Compensation Committee of the Board of Trustees. To determine compensation, the committee reviews a comparative compensation report obtained from NAIS. This report provides benchmarking information regarding compensation of Heads of School from a number of peer independent schools. In addition, the full Board conducts an annual review of the Head's performance in relation to goals. The compensation committee reports its recommendations to the Executive Committee of the Board. The Committee's deliberation and decisions are documented in meeting minutes. Compensation of the Chief Financial Officer and other key administrative employees is determined by the Head of School using comparative benchmarking data from NAIS regarding compensation of comparable administrators at a number of peer independent schools. The compensation of these key administrators compared to benchmarked data is reviewed by the Finance Committee of the Board which is reflected in the minutes.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART VI, LINE 19</Identifier>
        <Explanation>Ranney School's makes its governing documents, conflict of interest policy and financial statements available to the public by written request to the school's Business Office.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>