2011-03-31T19:47:47-05:00 2010-08-31 EisnerAmper LLP 750 ROUTE 202 SOUTH SUITE 500 BRIDGEWATER NJ 08807 990 2009-09-01 221853399 Princeton Montessori Society PRIN 6099244594 487 CHERRY VALLEY ROAD PRINCETON NJ 085407916 CORRINGTON HWONG 6099244594 2011-03-23 1 DOUGLAS D TAPP CPA MST 9082185002 2009 2016-02-24 21:20:13Z GEORGE PLASKO 487 CHERRY VALLEY ROAD PRINCETON NJ 08540 6393072 0 X WWW.princetonmontessori.org X 1968 NJ PRINCETON MONTESSORI SOCIETY IS COMPRISED OF PRINCETON MONTESSORI SCHOOL AND PRINCETON CENTER TEACHER EDUCATION. THE SOCIETY PROVIDES MONTESSORI EDUCATION FOR CHILDREN FROM INFANCY THROUGH MIDDLE SCHOOL, TRAINS PROSPECTIVE MONTESSORI TEACHERS AND EDUCATES PARENTS. FOUNDED IN 1968, PRINCETON MONTESSORI SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL, DEDICATED TO THE HIGHEST QUALITY EDUCATION OF CHILDREN, ACCORDING TO THE VALUES AND PRINCIPLES OF THE MONTESSORI PHILOSOPHY. PCTE, FOUNDED IN 1989, IS DEDICATED TO QUALITY MONTESSORI TEACHER TRAINING. THE TEACHERS LEARN TO NURTURE THE CHILD'S INNATE ABILITIES AND SELF-EXPLORATION THAT BUILD SKILLS AND FOUNDATION FOR THE FUTURE. PARENTS ARE SUPPORTED THROUGH EDUCATIONAL RESOURCES AND CLASSES AND ENCOURAGED TO PARTICIPATE AT THE SCHOOL. AS A PIONEER IN THE LARGER EDUCATIONAL COMMUNITY, BOTH NATIONALLY AND INTERNATIONALLY, PRINCETON MONTESSORI SCHOOL AND PCTE PROVIDE VISION, LEADERSHIP AND MENTORSHIP TO OTHER SCHOOLS AND ORGANIZATIONS. 7 4 100 0 0 0 91096 126084 6731492 6164894 65924 32979 23612 22211 6912124 6346168 269336 251959 0 5324730 4711538 0 0 2008898 1663752 7602964 6627249 -690840 -281081 12947112 12506669 10908441 11383121 2038671 1123548 Princeton Montessori Society is comprised of Princeton Montessori School and Princeton Center Teacher Education. The Society provides Montessori Education for children from infancy through middle school, trains prospective Montessori teachers and educates parents. Founded in 1968, Princeton Montessori School is an independent, co-educational day school, dedicated to the highest quality education of children, according to the values and principles of the Montessori philosophy. PCTE, founded in 1989, is dedicated to quality Montessori teacher training. The teachers learn to nurture the child's innate abilities and self-exploration that build skills and foundation for the future. Parents are supported through educational resources and classes and encouraged to participate at the school. As a pioneer in the larger educational community, both nationally and internationally, Princeton Montessori School and PCTE provide vision, leadership and mentorship to other schools and organizations. 0 0 4908844 5573336 THERE ARE OVER 200 CHILDREN OF DIVERSE BACKGROUNDS, FROM INFANT THROUGH EIGHTH GRADE, AT THE CENTRALLY LOCATED FACILITY ON CHERRY VALLEY ROAD IN PRINCETON, NEW JERSEY. THEY ARE GUIDED BY NEARLY 70 DEDICATED AND HIGHLY QUALIFIED FACULTY AND ADMINISTRATORS. 4908844 1 1 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 68 1 1 100 1 0 0 0 0 0 0 0 0 0 7 4 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X X PRINCETON MONTESSORI SOCIETY - BETHANNE BYRNE 6099244594 487 CHERRY VALLEY ROAD PRINCETON NJ 085407916 MARSHA STENCEL 45.00 X X 130073 0 0 MICHAEL BURNS X X 0 0 0 THOMAS CUSACK X X 0 0 0 PATRICIA HLAFTER X X 0 0 0 CORRINGTON HWONG X X 0 0 0 JAMES PETERS X X 0 0 0 GEORGE PLASKO X X 0 0 0 BETHANNE BYRNE 45.00 X 106413 0 0 236486 0 0 2 0 0 0 0 126084 126084 TUITION 611710 5825295 5825295 FEES AND PROGRAM 611710 339599 339599 6164894 32979 32979 69115 46904 22211 22211 6346168 6164894 0 55190 251959 251959 3400336 2418678 981658 1017328 722660 294668 293874 178432 115442 69513 69513 109454 87304 22150 133464 124368 9096 55341 55341 242479 242479 453182 453182 54011 54011 DIRECT EDUCATIONAL EXPE 237647 237647 MAINTENANCE, REPAIRS, E 153562 153562 CONSULTING AND OUTSIDE 79375 79375 PROFESSIONAL FEES 52912 52912 22812 22812 6627249 4908844 1718405 0 1 2034528 1673870 183969 127950 34318 61136 24497 9369 14787892 5719871 6527866 9068021 258076 378132 3883857 1188191 12947112 12506669 153197 169561 2263323 2073040 8011177 8005081 480744 1135439 10908441 11383121 X 2025086 1114963 13585 8585 2038671 1123548 12947112 12506669 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 5.09 1 1 0 1 0 0.00 0 0 445782 445782 8090051 4519894 3570157 1497422 1199977 297445 4754637 4754637 9068021 CASH-RESTR. FOR ESCROW DEPOSIT 13000 CASH-RESTR. FOR LOAN PAYMENT 893188 Bond Fees 282003 1188191 INTEREST RATE SWAP 1135439 1135439 6346168 6627249 -281081 20653 -654695 -634042 -915123 6161766 20653 46904 67557 6094209 251959 251959 6346168 6422194 46904 46904 6375290 251959 251959 6627249 Part II, Line 9: Description of How Organization Reports Conservation Easements: IT IS PART OF THE LAND THAT IS OWNED BY THE PRINCETON MONTESSORI SOCIETY. THEREFORE IT IS AN ASSET ON THE BALANCE SHEET. Part X: Description of Uncertain Tax Positions Under FIN 48: THE FASB ISSUED AN INTERPRETATION REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS INTERPRETATION CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING FOR INCOME TAXES, AND IS EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2008. THE ORGANIZATION ADOPTED THE PROVISIONS OF THE PRONOUNCEMENT, AND THE ADOPTION DID NOT IMPACT THE AMOUNTS REPORTED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WAS NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2010 AND 2009. THE INCOME TAX RETURNS OF THE ORGANIZATION FOR JUNE 30, 2009, 2008 AND 2007 ARE SUBJECT TO EXAMINATION BY THE IRS AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. Part XI, Line 8 - Other Adjustments: UNREALIZED LOSS ON INTEREST RATE SWAP: -654695. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE: 46904. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS: 251959. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE: 46904. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS: 251959. 1 1 1 THE ORGANIZATION STATES ITS NONDISCRIMINATORY POLICY IN ALL BROCHURES AND MEDIA OUTLETS. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 ANNUAL AUCTION 69115 69115 46904 69115 69115 46904 46904 22211 X 1 SCHOLARSHIPS 51 251959 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: ASSISTANCE IS GRANTED ON AN "AS NEEDED" BASIS. FAMILIES APPLY WITH "TADS", A FINANCIAL AID ASSESSMENT AND EVALUATION COMPANY. NJ-EDA 222045817 645918KP7 2008-03-17 8000000 FUND THE CONSTRUCTION OF AN ADDITION TO SCHOOL BUILDINGS AND EXISTING DEBT. 0 0 8000000 82077 7917923 2010 1 0 0 1 0 0 0 0 0 0 0 1 1 SOVEREIGN BANK 20.000000000000 0 0 0 GEORGE PLASKO TRUSTEE 101835 PRINCIPAL OWNER OF A COMPANY THAT CUSTOM DESIGNS TOURS FOR STUDENTS IN 8TH GRADE ACCORDING TO THE CURRICULUM. 0 MICHAEL BURNS TRUSTEE 101905 PRINCIPAL OWNER OF AN ARCHITECT FIRM USED FOR THE SOCIETY BUILDING ADDITION. 0 Form 990, Part VI, Section A, line 6 The members of the organization are Board of Trustees members. Form 990, Part VI, Section A, line 7a The Board of Trustees members have the responsibilty of electing other Board members to the governing body of the Society. Form 990, Part VI, Section B, line 11 The trustees are given a copy OF THE FORM 990 to review at the board meeting. The Board TreAsurer signs the FORM 990 and submits to the Business Administrator for submission to auditors for electronic filing. Form 990, Part VI, Section B, line 12c The written Conflict of interest policy is reviewed and consistently monitored by the Board of Trustees annually. Form 990, Part VI, Section B, line 15a When approving the annual budget the Board of Trustees reviews the salary history data from New Jersey Association of Independent schools statistics and National Association Independent Schools. Form 990, Part VI, Section C, line 19 THE PRINCETON MONTESSORI SOCIETY HAS ALL OF THE FINANCIAL DOCUMENTS AVAILABLE UPON REQUEST. PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.