2011-05-11T08:13:54-05:00 2010-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2009-07-01 221607926 RUTGERS PREPARATORY SCHOOL RUTG 7325455600 1345 EASTON AVENUE SOMERSET NJ 088731499 ALAN WINK 7325455600 2011-05-11 true KPMG LLP 2127589700 2009 2016-02-24 21:20:13Z Steven A Loy 1345 EASTON AVENUE SOMERSET NJ 088731499 22433963 false X www.rutgersprep.org X 1766 NJ Pre-kindergarten through twelfth grade co-educational Independent Day School 25 24 328 2 0 0 496063 758298 17038259 16887696 174311 283355 519948 563930 18228581 18493279 1755675 2009224 0 0 11583071 11775214 0 0 858414 3487449 3536609 16826195 17321047 1402386 1172232 36660731 37441231 7269547 6398733 29391184 31042498 RUTGERS PREPARATORY SCHOOL, FOUNDED IN 1766, IS A PRE-KINDERGARTEN THROUGH TWELFTH GRADE CO-EDUCATIONAL INDEPENDENT DAY SCHOOL. THE SCHOOL ENVIRONMENT IS ENRICHED BY STUDENTS WHO COME FROM A VARIETY OF GEOGRAPHIC, ECONOMIC AND ETHNIC BACKGROUNDS. OUR MOTTO "SEVERA RES EST VERUM GAUDIUM" (HARD WORK IS TRUE JOY) EXPRESSES OUR DESIRE THAT STUDENTS WILL DEVELOP A POSITIVE ATTITUDE TOWARD LEARNING AND THAT THEY WILL BE REWARDED WITH A STRONG SENSE OF ACHIEVEMENT. THE SCHOOL VALUES INTELLECTUAL CURIOSITY AND PERSONAL INTEGRITY, SEEKING TO STIMULATE THEIR DEVELOPMENT AT EVERY LEVEL. WE EMPHASIZE A STRONG ACADEMIC PROGRAM, CREATIVE PROBLEM SOLVING, COOPERATION AND GROUP INTERACTION, APPRECIATION OF CULTURE AND BEAUTY, AND HEALTHY EMOTIONAL AND PHYSICAL GROWTH. WE BELIEVE THAT OUR STUDENTS GROW AND LEARN BEST IN AN ENVIRONMENT OF TRUST, COOPERATION AND OPEN COMMUNICATION. THE EDUCATIONAL EXPERIENCE OF EACH INDIVIDUAL STUDENT IS MOST SUCCESSFUL WHEN STUDENTS, PARENTS, FACULTY AND ADMINISTRATION false false 12539643 2009224 15411271 EDUCATION AND INSTRUCTION FOR APPROXIMATELY 684 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12 SERVING SOMERSET COUNTY AND ADJACENT COMMUNITIES. 910544 0 923797 STUDENT SERVICES - ACTIVITIES (INCLUDING ATHLETICS, STUDENT PUBLICATIONS, DRAMA, CLUB ETC.) 838555 0 843579 AUXILIARY ENTERPRISES (INCLUDING BOOK STORE, CAFETERIA, TRANSPORTATION, SUMMER CAMPS, AFTER SCHOOL PROGRAMS, GRADUATION) 14288742 true true false false false false false false true true true false true false false false false false true false false false true true false false false true false false false false true false false false false false false false false true 23 0 true 328 true false false false false false true true false false false 25 24 false false true false false false false true true false false true true true false true false true false false X H STEWART WHELLER III 7325455600 1345 EASTON AVENUE SOMERSET NJ 088731499 JOSEPH D DANILE 4.0 X 0 0 0 MARY TODD GANZENMULLER 1.0 X 0 0 0 ALAN WINK 2.0 X 0 0 0 NAN M BLECKER 1.0 X 0 0 0 ANDREA CUNNELL 1.0 X 0 0 0 MARY ANN DE SANTIS 1.0 X 0 0 0 Markus Christen 1.0 X 0 0 0 ANDREW K GOLDEN 1.0 X 0 0 0 ROBERT HOLLIDAY 1.0 X 0 0 0 Scott Bowen 1.0 X 0 0 0 JONATHAN D KAUFELT 1.0 X 0 0 0 PETER LAMPEN 1.0 X 0 0 0 PAUL LEATH 1.0 X 0 0 0 Joseph Mantell 1.0 X 0 0 0 Caroline Meuly 1.0 X 0 0 0 Thomas Powers 1.0 X 0 0 0 Ernest Renda 1.0 X 0 0 0 NANCY STEVENSON 1.0 X 0 0 0 Carolyn Sullivan 1.0 X 0 0 0 EDWARD THORNTON 1.0 X 0 0 0 TARA AUCIELLO 1.0 X 0 0 0 Monica Chaudhari 1.0 X 0 0 0 Umesh Gaur 1.0 X 0 0 0 David J Sorin 25.0 X 90461 0 22576 Bruce Williams 1.0 X 0 0 0 STEVEN A LOY 50.0 X 345850 0 46817 H STEWART WHELLER III 50.0 X 141883 0 29998 Carole Glantzow 50.0 X 144629 0 25995 James Ackerman 40.0 X 134061 0 29913 Stephen Lewandowski 50.0 X 125759 0 15406 Stephen Duffy 50.0 X 106186 0 12123 1088829 0 182828 false true false EPIC MANAGEMENT INC 136 ELEVENTH STREET PISCATAWAY NJ 08854 CONSTRUCTION 5295291 GEORGE DAPPER INC 1020 GREEN STREET ISELIN NJ NJ 08830 BUS SERVICE 322820 ALAN'S CORPORATE CATERING LLC 32 VERMONT AVENUE FRANKLIN PARK NJ 08823 FOOD SERVICE 211803 DESIGN IDEAS GROUP 15 BETHANY STREET NEW BRUNSWICK NJ 08876 ARCHITECTS 181170 BRUNSWICK CONSTRUCTION CO INC PO BOX 467 DAYTON NJ 08810 SITE WORK 124049 1440 756858 31099 758298 STUDENT TUITION 900099 16492896 16492896 APPLICATION FEES 900099 18375 18375 STUDENT TRANSPORTATION 900099 269892 269892 AFTER SCHOOL PROGRAMS 900099 106533 106533 16887696 148246 148246 0 0 60161 0 60161 60161 60161 3871791 3736682 135109 135109 135109 22127 1440 15156 6971 6971 1780 890 890 890 266155 187956 78199 78199 SENIOR FEES 52700 52700 SUMMER CAMPS 114454 114454 ART STUDIO FEE 30820 30820 219735 158220 61515 417709 18493279 17329950 0 405031 0 2009224 2009224 0 0 540451 42509 212546 285396 0 9201273 7786036 1091004 324233 565768 443803 95617 26348 717269 585709 101437 30123 750453 603515 114113 32825 0 21600 0 21600 0 48100 0 48100 0 0 0 0 0 61311 0 61311 0 164296 106793 24644 32859 151907 151907 0 0 0 319360 303397 12770 3193 6126 0 6126 0 0 53244 53244 0 0 0 0 916951 871104 36678 9169 135780 20417 115363 0 AUXILIARY SERVICES 332120 332120 0 0 OTHER OPERATING EXPENSES 336714 0 224473 112241 PLANT OPERATION & MAINTENANCE 249169 239033 8109 2027 ATHLETIC & STUDENT ACTIVITIES 367875 367875 0 0 ACADEMIC DEPT EXP/ACTIV 372056 372056 0 0 17321047 14288742 2173891 858414 4680047 5484896 10291140 7657558 782357 813609 32543 57544 160000 160000 209873 168645 119626 121723 25843917 10157894 9100854 15686023 6537102 5766946 4747189 1524287 36660731 37441231 2178141 1681985 4905059 4526848 186347 189900 7269547 6398733 X 26305616 27931818 1532232 1411231 1553336 1699449 29391184 31042498 36660731 37441231 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5622240 78510 648922 0 6349672 6735653 42681 -1145724 10370 5622240 0.66537 0.33463 0.00000 351179 351179 14831648 7181894 7649754 3448955 2207559 1241396 7212135 768441 6443694 15686023 0 AMOUNTS HELD FOR OTHERS 106984 ASSET RETIREMENT OBLIGATION 82916 189900 18493279 17321047 1172232 479082 479082 1651314 17167139 479082 -2009224 -1530142 18697281 -204002 -204002 18493279 15515825 204002 204002 15311823 2009224 2009224 17321047 Form 990, SCH D, Part X FIN 48 FIN 48, Accounting for the Uncertainty in Income Taxes addresses the accounting for uncertainties in income taxes recognized in an organization's financial statements and prescribes a threshold or more-likely-than-not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The School adopted FIN 48 effective June 30, 2010. The effect of adoption of FIN 48 is not expected to have a material effect on the financial statements of the School. Form 990, Sch D, Part XII Reconciliation of Revenue Line 2d Financial Aid ($2,009,224) Line 4b Cost of Goods Sold ($187,956) Special Event Direct Expense ($ 16,046) Form 990, Sch D, Part XIII Reconciliation of Expenses Line 2d Cost of Goods Sold $187,956 Special Event Direct Expense $ 16,046 Line 4b Financial Aid $2,009,224 Form 990, SCH D, Part V, Line 4 The intended use of Endowment Funds Endowment funds have been established by the school for scholarships, faculty development and general purposes. true true true A STATEMENT AS TO SUCH POSITION IS INCLUDED IN ADS. true true true true false false false false false false false false true false NO CHILD LEFT BEHIND, STATE OF NEW JERSEY - TEXTBOOKS, TECHNOLOGY AND NURSING. true Rummage Sale 2861 0 2861 0 0 0 0 0 1248 Fashion Show 20706 1440 19266 0 0 0 0 0 13908 0 0 0 0 0 0 0 0 0 0 23567 1440 22127 0 0 0 0 0 15156 15156 6971 true STUDENT FINANCIAL AID & SCHOLARSHIPS 165 2009224 Form 990, SCH D, Part I, Line 2 Rutgers Preparatory School offers financial aid to qualified students based on the demonstrated financial need of the family and the availability of financial aid funds. These funds are need-based financial aid. Rutgers Preparatory School is a member of the School and Students Service for financial aid (SSS), which assists independent schools in determining financial need. All applications for aid are made through the admission office and the list of families who receive aid is kept confidential. Financial aid grants are applied as a reduction to the family's tuition. X X true true X X X X false false false false false false false false false STEVEN A LOY 257152 0 40000 0 48698 0 26755 0 20754 0 393359 0 0 0 H STEWART WHELLER III 141095 0 0 0 788 0 14920 0 15770 0 172573 0 0 0 Carole Glantzow 144473 0 0 0 156 0 13317 0 13319 0 171265 0 0 0 James Ackerman 133625 0 0 0 436 0 14835 0 15570 0 164466 0 0 0 Form 990, SCH J Housing and other allowances Housing and other taxable Allowances Description The allowances for the following employees are taxable and reflected as part of taxable income and included as taxable income on their form W-2, Box 1 and 5. Steven Loy's contact includes a housing and related expenses allowance of $35,400 for mortgage payments, real estate taxes, insurance, maintenance and utilities; an automobile allowance of $5,500 for fuel and maintenance; and the taxable lease value of a vehicle provided by the school $6,492. The taxable value of vehicle provided by the school to Stephen Lewandowski is $1,927. Steven A Loy House & house impruv X 160000 160000 true true 160000 X 7 31099 FMV false true false FORM 990, PART VI, LINE 11 Review of Form 990 The Form 990 is prepared by CFO with input from the Headmaster and other school administrators with assistance from the school's tax accountants. The Form 990 is reviewed by the Finance Committee of the Board of Trustees. The final copy of the Form 990 is provided to each of the Board Members prior to filing with the IRS. FORM 990, PART VI, LINE 15 Compensation Part VI, Line 15a A three-member compensation committee consisting of independent members of the Board of Trustees oversees the engagement of the Headmaster/CEO. It also reviews annual performance. In late calendar 2009 and early calendar 2010, it negotiated a new long-term employment contract with the Headmaster which was approved by the Board. In the course of committee and Board deliberations, the school looked at market comparables and other outside information. The compensation committee met by telephone, email, etc. on frequent occasions during the deliberation period and it retained contemporaneous records. The school also utilized outside legal counsel to formalize and finalize the agreement. Part VI, Line 15b The CEO fixes the compensation of the CFO in accordance with regular and continuing compensation practices for all school employees. FORM 990, PART VI, LINE 4 By-Laws Changes Summary of Changes to RPS By-Laws The following are the changes to the Rutgers Preparatory School Bylaws: " Elected Trustees will be eligible for three (3) full consecutive three-year terms, whereas previously they were allowed only two 2) consecutive terms " A Leave of Absence provision will be added to allow Trustees to take up to twelve (12) months leave, during which time he may attend meetings, but will not be deemed a Board Member for any reason and will not be included in determination of a quorum. A leave of Absence will be charged against the Trustee's term of office. " The positions of "President-elect" and "Treasurer-elect" will be added to the Board. Both officers will serve a one-year term prior to succeeding to President/Treasurer, and may retain their current positions during that one-year term. FORM 990, PART VI, LINE 19 Disclosure Rutgers Preparatory School makes its governing documents, conflict of interest policy and financial statements available to the public upon request.