2011-05-16T12:58:18-05:00 2010-06-30 WITHUM SMITH BROWN PC 5 VAUGHN DR PRINCETON NJ 085406313 990 2009-07-01 210635004 PENNINGTON SCHOOL PENN 6097371838 112 W DELAWARE AVE PENNINGTON NJ 08534 J GRAEME MCWHIRTER 6097376124 2011-05-16 RICHARD C COYNE 6095201188 2009 2016-02-24 21:20:13Z STEPHANIE TOWNSEND 112 W DELAWARE AVE PENNINGTON NJ 08534 23019604 false X WWW.PENNINGTON.ORG X NON-FOR-PROFIT 1838 NJ INDEPENDENT, COEDUCATIONAL SCHOOL SERVING DAY AND BOARDING STUDENTS IN GRADES 6-12. 31 30 234 84 218583 101059 1380849 2040319 15706562 16391497 -2675338 762106 294610 461666 14706683 19655588 2238590 2753070 0 0 9125640 9209897 0 0 947218 5812123 6214652 17176353 18177619 -2469670 1477969 44501343 47679657 12635164 13300998 31866179 34378659 INDEPENDENT, COEDUCATIONAL SCHOOL SERVING DAY AND BOARDING STUDENTS IN GRADES 6-12. false false 1 14644183 2753070 16391497 COEDUCATIONAL DAY/BOARDING SCHOOL SERVICING GRADES 6 THROUGH 12 14644183 true true false false false false false false true true true false true false true false false false true false false false true true true false false false false false false true false false true true false false false false false false false false true 21 1 true 234 true true true false false false true true false false false false false false false 31 30 false false false false false true true true true false false true true true true true true true true false X MANAGEMENT 6097371838 112 W DELAWARE AVE PENNINGTON NJ 08534 ROBERT BECKETT 1.0 X ROBERT CARROLL 1.0 X BISHOP SUDARSHANA DEVADHAR 1.0 X VERNON H HAMMOND II 1.0 X TIM HARMON 1.0 X A LOUIS DENTON ESQ 1.0 X CYNTHIA HILLAS 1.0 X JAMES HYMAN 1.0 X MICHAEL JINGOLI 1.0 X DENNIS KEATING 1.0 X JOHN SUYDAM KUHLTHAU 1.0 X WALLACE KYLE 1.0 X REV DONALD MEDLEY 1.0 X REV DAVID MERTZ 1.0 X TIMOTHY O'BRIEN 1.0 X BETSY SCHWEPPE 1.0 X DR RICHARD H SHARRETT 1.0 X STEVEN M SILBERMAN 1.0 X REV ROBERT SMITH 1.0 X PETER J TUCCI ESQ 1.0 X ROBERT M WIGOD 1.0 X REV ROBERT WILLIAMS 1.0 X JOHN M ZUCCARELLI 1.0 X BRIAN MARKISON 1.0 X WILLIAM MCCOMB 1.0 X FRANCIS WARD MCCARTHY JR 1.0 X DR JOHN MCGUIRE 1.0 X DAVID PARAGAMIAN 1.0 X KIM PIMLEY 1.0 X ELIZABETH SECREST 1.0 X STEPHANIE TOWNSEND 40.0 X X 254879 0 47469 J GRAEME MCWHIRTER 40.0 X 135000 0 54010 WILLIAM HAWKEY 40.0 X 124875 0 66556 MATTHEW GOETTING 40.0 X 107931 0 2670 622685 0 170705 4 false true false ALCO SPORTS CONSTRUCTOIN 2209 SAYLORS POND ROAD JOBSTOWN NJ 08041 CONSTRUCTION 748710 GLENDALE EXCAVATING 1 LIPPINCOTT AVENUE VOORHEES NJ 08043 CONSTRUCTION 173581 COMMERCIAL CLEANING CORPORATION 1602 PENNINGTON ROAD TRENTON NJ 08618 HOUSEKEEPING 147689 3 2040319 109492 2040319 TUITION & FEES 16391497 16391497 16391497 691631 691631 0 0 384150 175199 208951 208951 208951 2911290 2840815 70475 70475 212015 78589 133426 0 338306 269413 68893 OTHER 40764 40764 YEARBOOK ADVERTISING 541800 9632 9632 50396 19655588 16432261 218583 691631 0 2753070 2753070 0 0 571456 408934 127620 34902 0 6729804 5132149 1125896 471759 398559 303941 66679 27939 966295 736897 161661 67737 543783 414689 90975 38119 0 24660 24660 33920 33920 0 0 0 2516 2516 53846 53846 113788 45892 44775 23121 81953 81953 0 755294 575987 126361 52946 0 0 43005 43005 323043 239052 83991 0 1751539 1436262 227700 87577 200784 200784 DEVELOPMENT OFFICE 137217 137217 ADMISSIONS 28714 28714 HEALTH CENTER 16647 16647 HEAD MASTER OFFICE 163418 163418 ADMINISTRATIVE 352695 352695 2131613 2060273 65439 5901 18177619 14644183 2586218 947218 3236992 4136651 902117 530647 70371 96576 93095 106907 890347 278456 39944231 18340589 21567459 21603642 17508762 20808162 232200 118616 44501343 47679657 1914082 1834757 2342468 2788393 7500000 7340000 472500 472500 406114 865348 12635164 13300998 X 21842116 23905906 2463039 2541679 7561024 7931074 31866179 34378659 44501343 47679657 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19479969 1112291 2194360 329640 22456980 23959814 126700 -4440463 166082 19479969 0.54000 0.35000 0.11000 false false false 258677 258677 30703475 13269857 17433618 3655972 968893 2687079 3515347 2874762 640585 1810760 1227077 583683 21603642 0 LIABILITY INTEREST RATE SWAP 537085 SWAP TERMINATION LIABILITY 328263 865348 19655588 18177619 1477969 1538375 -503864 1034511 2512480 18951270 1538375 -2242693 -704318 19655588 19655588 16438790 -1738829 -1738829 18177619 18177619 REVENUE RECONCILIATION ITEMS SCHEDULE D, PART XII AND PART XIII, LINE 2D VARIOUS ITEMS CLASSIFICATION DIFFERENCES BETWEEN TAX RETURN AND FINANCIAL STATEMENT: 1. SCHOLARSHIPS AND FINANCIAL ASSISTANCE $2,753,070 2. RENTAL EXPENSES ($175,199) 3. DIRECT FUNDRAISING EXPENSES ($65,765) 4. COSTS OF GOODS SOLD ($269,413) LOSS ON INTEREST RATE SWAP SCHEDULE D, PART XIII, LINE 2D LOSS ON INTEREST RATE SWAP $503,864, EXPENSE ON FINANCIAL STATEMENT, CHANGE IN NET ASSETS ON TAX RETURN SCHEDULE D, PART XI, LINE 8 SCHEDULE D, PART XI, LINE 8 LOSS ON INTEREST RATE SWAP CONTRACTS $(503,864) true true true THE ORGANIZATION ADVERTISES THROUGH LOCAL NEWSPAPERS. true true true true false false false false false false false false false false true East Asia and the Pacific 0 0 Fundraising 18524 0 0 18524 AUCTION 144768 144768 3225 14738 25840 GOLF OUTING 30725 30725 10800 2024 2 36522 36522 21962 212015 212015 3225 10800 14738 49826 78589 133426 true SCHOLARSHIPS AND FINANCIAL AID 142 2753070 FMV FINANCIAL AID SEE EXPLANATION FOR PART I, LINE 2 SCHEDULE I, PART III THERE WERE 142 RECIPIENTS OF FINANCIAL AID AND SCHOLARSHIPS. THE SCHOLARSHIPS ARE AWARDED ON A NEED BASIS AND COVER THE COST OF A DAY TUITION. FINANCIAL AID IS AWARDED ON A NEED BASIS USING INDUSTRY STANDARD FINANCIAL DISCLOSURES AND CALCULATIONS. X true true X X X X false true false false false false false false false STEPHANIE TOWNSEND 215000 0 16606 0 23273 0 0 0 47469 0 302348 0 225578 0 WILLIAM HAWKEY 124625 0 250 0 0 0 0 0 66556 0 191431 0 118567 0 J GRAEME MCWHIRTER 135000 0 0 0 0 0 0 0 54010 0 189010 0 123250 0 COMPENSATION QUESTIONS SCHEDULE J, PART 1 STEPHANIE TOWNSEND IS REIMBURSED FOR GOLF CLUB MEMBERSHIP FEES. MS. TOWNSEND WAS ASKED TO JOIN THE GOLF CLUB, WHICH DOES NOT ACCEPT CORPORATE MEMBERS, ON BEHALF OF THE SCHOOL. AS A RESULT THE COSTS ASSOCIATED WITH MEMBERSHIP ARE GROSSED UP FOR TAX PURPOSES AND MS. TOWNSEND IS REIMBURSED THE ASSOCIATED TAX. STEPHANIE TOWNSEND IS PROVIDED A SUPPLEMENTAL PENSION IN 2009-2010. THE COST WAS $15,500. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2009-11-20 7500000 RESTRUCTURING OF NJEDA BONDS false false 7500000 63059 2035 false false true true false true false false false 0.02440 0.02440 true true true true CITIZENS BANK 5. false ELIZABETH SECREST TRUSTEE 5000 FINANCIAL AID MICHAEL JINGOLI TRUSTEE/INTEREST IN CO. 55000 CO. PROVIDED CONSTRUCTION MGMT false JAMES HYMAN TRUSTEE/OFFICER OF BANK 29000 INTEREST PAID TO BANK false X 5 53906 FAIR VALUE X VARIOUS ITEMS 16 55586 FAIR VALUE false true true CONFLICT OF INTEREST POLICY PART VI, SECTION B, 12C SCHOOL REQUIRES ALL BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES TO SIGN ANNUAL CONFLICT OF INTEREST POLICIES. COMPENSATION POLICY PART VI, SECTION B, 15B HEAD OF SCHOOL HAS BEEN IDENTIFIED AS A KEY EMPLOYEE. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO DECIDE COMPENSATION. MEMBERS OF COMMITTEE ARE INDEPENDENT. COMMITTEE MEMBER PREPARES COMPARABLE DATA FROM TAX RETURNS (USING GUIDESTAR) AND NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (COLLECTED BY CFO). THIS MATERIAL IS REVIEWED BY EXECUTIVE COMMITTEE. BOARD OF TRUSTESS RATIFIES COMMITTEE'S FINDINGS. 990 REVIEW PROCESS PART VI, SECTION B, 11 FORM 990 PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY FINANCE COMMITTEE AND MADE AVAILABLE TO INDIVIDUAL TRUSTEES EITHER BY EMAIL OR AT A BOARD MEETING PRIOR TO FILING. DOCUMENTS AVAILABLE TO THE PUBLIC PART VI, SECTION C, 19 THE SCHOOL'S FORM 990 AND 990-T ARE AVAILABLE ON WWW.GUIDESTAR.ORG. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC.