2011-11-14T08:31:56-06:00 2011-06-30 EISNERAMPER LLP 750 ROUTE 202 SOUTH SUITE 500 BRIDGEWATER NJ 08807 990 2010-07-01 221487293 THE PECK SCHOOL PECK 9735398660 247 SOUTH STREET MORRISTOWN NJ 07960 DYANA CONROY 9735398660 2011-11-04 1 DOUGLAS D TAPP CPA MST 9082185002 2010 2016-02-24 21:20:13Z JOHN KOWALIK 247 SOUTH STREET MORRISTOWN NJ 07960 26891620 0 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 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. 25 24 84 0 0 0 1203622 1229245 8783695 9104019 329942 1571430 151472 89246 10468731 11993940 296734 420890 0 0 5577166 5931820 0 0 324115 3664491 3778858 9538391 10131568 930340 1862372 40675161 39009901 9561936 5560037 31113225 33449864 X 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. 0 0 7726273 420890 8929269 THE PECK SCHOOL, FOUNDED IN 1893, IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL PROVIDING EXCELLENT ELEMENTARY EDUCATION TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADES. 7726273 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 84 1 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X DYANA CONROY THE PECK SCHOOL 9735398660 247 SOUTH STREET MORRISTOWN NJ 07960 JOHN KOWALIK 60.00 X X 352410 0 108891 HENRY KLEHM III 5.00 X X 0 0 0 KRYSTYNA JAKIMOWICZ 1.00 X 0 0 0 WILLIAM I BLANCHARD 2.00 X X 0 0 0 MARK D FLEMING 1.00 X 0 0 0 JOSE R CLAXTON 2.00 X X 0 0 0 CARL P GIORDANO 1.00 X 0 0 0 JAMES H HIGGINS III 1.00 X 0 0 0 CATHY MARKEY HUFF 1.00 X 0 0 0 JENNIFER NEWMAN BRAZIL 1.00 X 0 0 0 ROBERT J MCMULLAN 2.00 X X 0 0 0 JENNIFER D SCHMUCKLER 2.00 X X 0 0 0 MARY ANN V STORMS 1.00 X 0 0 0 MARY VI COURTEMANCHE 1.00 X 0 0 0 MICHAEL T GILFILLAN 1.00 X 0 0 0 GENTRY ASHMORE HOIT 1.00 X 0 0 0 CLAIRE CHAMBERLAIN ECKERT 1.00 X 0 0 0 ANNE LEBUHN MACCOWATT 1.00 X 0 0 0 JEFFREY PAGANO 1.00 X 0 0 0 REV LUKE TRAVERS 1.00 X 0 0 0 PATRICK C RAMSEY 1.00 X 0 0 0 MARGARET F PLYMPTON 1.00 X 0 0 0 KEVIN T KENNY 1.00 X 0 0 0 JOHN C HAGERTY 1.00 X 0 0 0 JANET K HANLON 1.00 X 0 0 0 TRACEY FUDGE 55.00 X 150389 0 32035 502799 0 140926 2 0 1 0 CGLIC BLOOMFIELD EASC 5082 COLLECTION CTR DRIVE CHICAGO IL 60693 HEALTH INSURANCE 598165 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 381337 C&R CLEANING PO BOX 280 BROOKSIDE NJ 07926 JANITORIAL SERVICES 122725 3 1229245 14481 1229245 TUITION 611710 8932712 8932712 AUXILIARY PROGRAM 611710 171307 171307 9104019 202208 202208 16266902 14897680 1369222 1369222 1369222 OTHER INCOME 900099 89246 89246 89246 11993940 9193265 0 1571430 420890 420890 433779 21689 390401 21689 4530229 3584826 764829 180574 375880 280622 83738 11520 239425 56536 175389 7500 352507 261695 76998 13814 35629 35629 32500 32500 103653 8315 73801 21537 51668 15793 34200 1675 299715 299715 903166 812849 63222 27095 555358 499822 38875 16661 FACILITIES 631533 568380 44207 18946 FOOD SERVICE 375160 375160 INSTRUCTION 308568 308568 GENERAL ADMINISTRATION 260149 260149 AUXILIARY PROGRAMS 114706 114706 107053 96707 7242 3104 10131568 7726273 2081180 324115 1100631 6724151 71662 177270 57553 196987 29553892 6819941 23276906 22733951 11030322 6069486 4877350 2865744 260737 242312 40675161 39009901 864089 964026 670399 662873 8027448 3933138 9561936 5560037 X 28362231 30344971 2109852 2463751 641142 641142 31113225 33449864 40675161 39009901 X 1862372 474267 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9250330 2700 1677567 87663 306290 10536644 8086617 382509 886973 38565 67204 9250330 10173655 97 -1717939 87905 281291 8086617 0.71050 0.06090 0.22860 0 0 52096 52096 28203904 6110933 22092971 1297892 709008 588884 22733951 PARTNERSHIP FUND OF FUNDS 236652 F ALTERNATIVE INVESTMENTS 2629092 F 2865744 BONDS PAYABLE 3519000 INTEREST RATE SWAP 414138 3933138 11993940 10131568 1862372 237472 236795 474267 2336639 10203828 -420890 -420890 10624718 1369222 1369222 11993940 9710678 0 9710678 420890 420890 10131568 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. 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, 2011 AND 2010. THE INCOME TAX RETURNS OF THE SCHOOL FOR JUNE 30, 2010, 2009 AND 2008 ARE SUBJECT TO EXAMINATION BY THE IRS AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET INCREASE IN PARENTS ASSOCIATION 88,835. UNREALIZED GAIN ON INTEREST RATE SWAP 147,960. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -420,890. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET REALIZED GAIN ON SALE OF INVESTMENTS 1,369,222. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 420,890. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE PECK SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS ADVERTISING IN LOCAL NEWSPAPERS, BROCHURES, AND CATALOGS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 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. 1 FINANCIAL AID AWARDS FOR TUITION 20 420890 FMV DISCOUNT FROM TUITION. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID GRANTS ARE DEDUCTED DIRECTLY BY THE SCHOOL FROM THE STUDENT'S TUITION. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 JOHN KOWALIK 256824 0 0 0 95586 0 79901 0 28990 0 461301 0 32309 0 TRACEY FUDGE 150389 0 0 0 0 0 25042 0 6993 0 182424 0 0 0 PART I, LINE 1A THE HEADMASTER, AS A CONDITION OF EMPLOYMENT, IS REQUIRED TO RESIDE IN SCHOOL HOUSING. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2005-06-15 13000000 FINANCING THE CONSTRUCTION OF NEW ACADEMIC BUILDING AND ATHLETIC FACILITY 0 0 0 13000000 143185 12856815 2007 0 0 1 1 0 0 0 0 0 0 1 1 BANK OF AMERICA/MERRILL 7.000000000000 0 0 0 0 1 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 MEMBERS OF THE CORPORATION'S BOARD OF TRUSTEES ARE PROVIDED WITH A COPY OF THE FORM 990 FOR THEIR REVIEW AND COMMENT PRIOR TO THE FILING OF THE FORM. IN ADDITION, 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 237,472. NET INCREASE IN PARENTS ASSOCIATION 88,835. UNREALIZED GAIN ON INTEREST RATE SWAP 147,960. TOTAL TO FORM 990, PART XI, LINE 5: 474,267. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR.