2026-04-17T11:05:06-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 221487233 KENT PLACE SCHOOL KENT 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07901 MATTHEW PARK CFO 9082730900 2026-04-17 1 1 MELISSA MODELSON P01603524 9143818900 2026-04-16 2024 2025-03-06 01:10:19Z MATTHEW PARK 42 NORWOOD AVENUE SUMMIT NJ 07901 52578122 0 X WWW.KENTPLACE.ORG X 1894 NJ KPS EMPOWERS GIRLS TO BE CONFIDENT, INTELLECTUAL, & ETHICAL LEADERS WHO ADVANCE THE WORLD. 28 28 369 60 11504 5195 4880992 10485261 36239041 37964835 3197050 2563198 527548 576326 44844631 51589620 4273163 4693067 0 0 25403117 26330802 66146 62200 3451564 11063934 10936311 40806360 42022380 4038271 9567240 81246988 91060150 10603255 10932999 70643733 80127151 X FOR 130 YEARS, KENT PLACE SCHOOL HAS EMPOWERED GIRLS TO BE CONFIDENT, INTELLECTUAL, AND ETHICAL LEADERS WHO ADVANCE THE WORLD. 0 0 31229370 4693067 38044041 OUR KENT PLACE CURRICULUM AND PROGRAMS ARE RICH IN OPPORTUNITIES FOR STUDENTS TO DEVELOP ETHICAL DECISION-MAKING, CRITICAL THINKING, AND PROBLEM-SOLVING SKILLS. WE PROMOTE INTEGRITY, INITIATIVE, AND INCLUSION THROUGHOUT ALL OF THE SCHOOLING YEARS. OUR STUDENTS TAKE ON INCREASINGLY PROFOUND LEADERSHIP OPPORTUNITIES THAT FOSTER COLLABORATION AND SELF-AWARENESS WHILE ALSO CULTIVATING COMPASSION AND EMPATHY. WE BELIEVE THAT THE LESSONS AND VALUES ENCOURAGED BY OUR MULTI-TALENTED FACULTY PREPARE EACH STUDENT TO BE AN ACTIVE CONTRIBUTOR TO THE LARGER WORLD BEYOND KENT PLACE. KENT PLACE IS HOME TO A WIDE ARRAY OF CURRICULAR AND COCURRICULAR ACTIVITIES, AS WELL AS OUR SIGNATURE PROGRAMS SUCH AS THE GIRLS' LEADERSHIP INSTITUTE AND OUR RENOWNED ETHICS INSTITUTE, WHICH PROMOTES THE PROCESS AND PRACTICE OF ETHICAL DECISION-MAKING IN PRIMARY AND SECONDARY SCHOOL COMMUNITIES. KENT PLACE ALSO OFFERS A TRADITIONAL SUMMER DAY CAMP, AFTERSCHOOL PROGRAMS, AND ENRICHMENT CLASSES. 31229370 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 95 0 369 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X MATTHEW PARK 9082730900 42 NORWOOD AVENUE SUMMIT NJ 07901 ANNE GRISSINGER PRESIDENT 2.00 X X 0 0 0 KATIE MACHIR VICE PRESIDENT 2.00 X X 0 0 0 USHA PUGLIANDA VICE PRESIDENT 2.00 X X 0 0 0 NANCY H VAN DUYNE VICE PRESIDENT 2.00 X X 0 0 0 SUNEET VARMA VICE PRESIDENT 2.00 X X 0 0 0 RAHUL GOYAL TREASURER 2.00 X X 0 0 0 NICOLE G EPPS SECRETARY 2.00 X X 0 0 0 KC ARTEMENKO TRUSTEE 2.00 X 0 0 0 YEMI BENEDICT-VATEL TRUSTEE 2.00 X 0 0 0 MARIA BRUGG TRUSTEE 2.00 X 0 0 0 TODD C BUILIONE TRUSTEE 2.00 X 0 0 0 LAURENCE CAPONE TRUSTEE 2.00 X 0 0 0 ELIZABETH CHRYSTAL TRUSTEE 2.00 X 0 0 0 BETSY CROSBY TRUSTEE 2.00 X 0 0 0 PATRICIA GRUSHKIN TRUSTEE 2.00 X 0 0 0 SHANE HARRIS TRUSTEE 2.00 X 0 0 0 CLAUDIA HIRAWAT TRUSTEE 2.00 X 0 0 0 PING JI TRUSTEE 2.00 X 0 0 0 KATHERINE LYNCH TRUSTEE 2.00 X 0 0 0 LYNN MAGRANE TRUSTEE 2.00 X 0 0 0 BEVERLY B MILLS TRUSTEE 2.00 X 0 0 0 JOHN ROSS TRUSTEE 2.00 X 0 0 0 BENJAMIN SEELAUS TRUSTEE 2.00 X 0 0 0 SUBA SHAH TRUSTEE 2.00 X 0 0 0 JENNY SHILLING TRUSTEE 2.00 X 0 0 0 DOUG SIEG TRUSTEE 2.00 X 0 0 0 JAMES WU TRUSTEE 2.00 X 0 0 0 AMY ZIEBARTH TRUSTEE 2.00 X 0 0 0 JENNIFER C GALAMBOS HEAD OF SCHOOL 40.00 X 543065 0 204285 MATTHEW PARK CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 200000 0 11594 ALLISON BRUNHOUSE CHIEF ENROLLMENT & STRATEGY OFFICER 40.00 X 213525 0 32450 CORAL BROOKS CHIEF ADV. OFFICER THRU MARCH 2025 40.00 X 235624 0 76081 KAREN REZACH DIRECTOR OF THE ETHICS INSTITUTE 40.00 X 224022 0 46353 JENNIFER SIMPSON DIRECTOR OF COLLEGE ADVISING 40.00 X 216936 0 29937 JULIA MORGAN ASST. HEAD OF SCHOOL 40.00 X 208080 0 82607 VICTORIA BROWNE DIRECTOR OF ATHLETICS 40.00 X 195334 0 59290 EVELYN HANNA DIRECTOR OF THE UPPER SCHOOL 40.00 X 191015 0 46678 2227601 0 589275 73 0 1 0 JOHN O'HARA COMPANY INC 25 KEARNEY STREET EAST ORANGE NJ 07107 CONSTRUCTION 3615727 JCJ ARCHITECTURE PC 120 HUYSHOPE AVENUE SUITE 400 HARTFORD CT 06106 CONSTRUCTION 1888552 MERIWETHER GODSEY 4944 OLD BOONSBORO RD LYNCHBURG VA 24503 FOOD SERVICE 781412 DIRECT CLEAN SERVICE SOLUTIONS 36-06 43RD AVENUE 2ND FLOOR LONG ISLAND CITY NY 11101 CLEANING SERVICES 251158 PROMENET INC 42 BROADWAY 16TH FLOOR NEW YORK NY 10004 INFORMATION TECHNOLOGY 118979 16 10485261 854077 10485261 TUITION AND FEES 611600 33913407 33913407 AUXILIARY SERVICES 611600 4051428 4051428 37964835 963579 10061 953518 304852 6653 298199 298199 298199 2085568 379042 734321 130670 1351247 248372 1599619 1443 1598176 196064 116858 79206 79206 OTHER REVENUE 900099 188596 188596 RECOVERY OF BAD DEBT 900099 6463 6463 TUITION FORFEITURE 900099 3862 3862 198921 51589620 38044041 11504 3048814 4693067 4693067 1099408 125347 538263 435798 19472920 14314805 3795195 1362920 1369192 1012479 267998 88715 2660341 1903297 531737 225307 1728941 1244208 347350 137383 59022 59022 82924 82924 62200 62200 107737 107737 380643 91323 289320 127491 12111 73978 41402 1220063 702058 253903 264102 599715 275935 158094 165686 495698 415611 54788 25299 433168 371814 27499 33855 2815696 2303368 350486 161842 REPAIRS AND MAINTENANCE 1675439 1381090 199264 95085 EDUCATIONAL PROGRAM 1237225 1159462 1991 75772 DINING SERVICE FEES 1027257 1027257 OTHER OPERATING EXPENSE 415993 54338 86474 275181 258240 141800 115423 1017 42022380 31229370 7341446 3451564 2084867 846256 10372219 12151227 3844119 5821598 493725 418581 73200 86843 1616067 2170214 79857979 34984450 40265264 44873529 14844972 15766567 6831583 8792792 820972 132543 81246988 91060150 2969353 3205955 4168248 4439567 3465654 3287477 10603255 10932999 X 41625241 48660196 29018492 31466955 70643733 80127151 81246988 91060150 X 9567240 725782 -809604 X X 0 1 X 1 0 X 4919244 6449698 6283411 4880992 10485261 33018606 4919244 6449698 6283411 4880992 10485261 33018606 5231979 27786627 559039 1068769 1205148 1350812 1258370 5442138 36315 19358 51124 5195 111992 16721 56199 133479 120101 198921 525421 39098157 170155764 0.71070 0.70450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RECOVERY OF BAD DEBT - 2024 AMOUNT: $ 6,463. OTHER REVENUE - 2020 AMOUNT: $ 16,721. 2021 AMOUNT: $ 56,199. 2022 AMOUNT: $ 133,479. 2023 AMOUNT: $ 84,860. 2024 AMOUNT: $ 188,596. TUITION FORFEITURE - 2023 AMOUNT: $ 35,241. 2024 AMOUNT: $ 3,862. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19661604 343629 2242270 504561 284759 21458183 22992841 267426 2254897 488484 5365076 19661604 21565445 489780 1699889 473612 288661 22992841 20129143 4214977 -2032651 447640 298384 21565445 19368498 413746 4131437 445246 363990 23104445 0.06203 0.73432 0.20365 0 0 368323 368323 63474743 27155354 36319389 9942073 7509477 2432596 6072840 319619 5753221 44873529 PRIVATE EQUITY 3729635 F ABSOLUTE RETURN 4195197 F CHARITABLE LEAD ANNUITY TRUST 867960 F 8792792 X 46849742 725782 6000 123511 855293 45994449 107737 5487434 5595171 51589620 37366324 6000 123511 129511 37236813 107737 4677830 4785567 42022380 PART V, LINE 4: THE ENDOWMENT SUPPORTS STUDENT FINANCIAL AID AND OTHER EDUCATIONAL PURPOSES SUCH AS PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF. THE BEGINNING OF YEAR BALANCE OF THE ENDOWMENT FUNDS IN COLUMN (D) DIFFERS FROM THE END OF YEAR BALANCE IN COLUMN (E) DUE TO A REVIEW OF THE FUNDS CLASSIFIED AS PART OF THE ENDOWMENT, WHICH RESTATED THE PRESENTATION OF UNRESTRICTED BOARD DESIGNATED FUNDS. PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED ON PART VIII, LINE 10B 116,858. RENT EXPENSES INCLUDED ON PART VIII, LINE 6B 6,653. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED ON PART IX, LINE 2 4,671,367. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 809,604. RECOVERY OF BAD DEBT ON PART VIII, LINE 11B 6,463. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED ON PART VIII, LINE 10B 116,858. RENT EXPENSES INCLUDED ON PART VIII, LINE 6B 6,653. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED ON PART IX, LINE 2 4,671,367. RECOVERY OF BAD DEBT ON PART VIII, LINE 11B 6,463. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF POLICY IS PUBLISHED ON THE SCHOOL'S PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES DURING ITS TAXABLE YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS TO THE HOMEPAGE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 2225875 0 0 0 0 0 0 2225875 0 2225875 1 0 1 1 0 0 PART IV, LINE 1: THE ORGANIZATION IS REQUIRED TO FILE FORM 926 BECAUSE IT DOES MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. PART IV, LINE 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. PART IV, LINE 4: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 8621 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. X X X X 1 MARTS & LUNDY 160 CHUBB AVENUE SUITE 303 LYNDHURST NJ 07071 CAMPAIGN MANAGEMENT/COMMUNICATION 0 0 62200 -62200 62200 -62200 NJ SCHEDULE G, PART I, LINE 2B, COLUMN (V) MARTS & LUNDY WAS RETAINED FOR CAMPAIGN MANAGEMENT AND CAMPAIGN COMMUNICATION PLAN. THE AGREEMENT PROVIDES FOR THE PAYMENT FOR SERVICES OF $5,100 PER MONTH FOR CAMPAIGN MANAGEMENT COUNSEL AND HOURLY RATE OF $600 IN EXCESS OF SIX HOURS PER MONTH. ADDITIONAL ON-SITE DAYS WILL BE BILLED AT A PER DIEM RATE OF $4,500. 1 FINANCIAL AID 129 4671367 GRASSMAN AWARD 3 21700 PART I, LINE 2: FINANCIAL AID IS PROVIDED TO STUDENTS IN NEED IN ACCORDANCE WITH A SPECIFIC APPLICATION PROCESS THAT INVOLVES THE USE OF FINANCIAL AID ASSESSMENT SOFTWARE AND FILE REVIEW BY THE ADMISSIONS OFFICE AND OTHER SELECTED INDIVIDUALS INCLUDING THE CHIEF FINANCIAL AND OPERATING OFFICER. GRANTS ARE PROVIDED IN THE FORM OF FINANCIAL AID AND CAN ONLY BE USED TO REDUCE THE COST OF TUITION AND APPLICABLE STUDENT FEES ON A STUDENT'S ENROLLMENT CONTRACT FOR THE SCHOOL YEAR. THE GRASSMAN AWARD IS PROVIDED TO FACULTY MEMBER. THE GRASSMAN AWARD IS AWARDED THROUGH AN APPLICATION PROCESS OVERSEEN BY THE ASSISTANT HEAD OF SCHOOL FOR TEACHING AND LEARNING. THE ADVANCEMENT OFFICE ENSURE THAT THE AWARD IS SPENT ACCORDING TO THE INTENDED PURPOSE. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 JENNIFER C GALAMBOS HEAD OF SCHOOL 512565 0 0 0 30500 0 27600 0 176685 0 747350 0 0 0 CORAL BROOKS CHIEF ADV. OFFICER THRU MARCH 2025 235624 0 0 0 0 0 20317 0 55764 0 311705 0 0 0 JULIA MORGAN ASST. HEAD OF SCHOOL 208080 0 0 0 0 0 27271 0 55336 0 290687 0 0 0 KAREN REZACH DIRECTOR OF THE ETHICS INSTITUTE 220422 0 0 0 3600 0 27646 0 18707 0 270375 0 0 0 VICTORIA BROWNE DIRECTOR OF ATHLETICS 195334 0 0 0 0 0 10449 0 48841 0 254624 0 0 0 JENNIFER SIMPSON DIRECTOR OF COLLEGE ADVISING 216936 0 0 0 0 0 26217 0 3720 0 246873 0 0 0 ALLISON BRUNHOUSE CHIEF ENROLLMENT & STRATEGY OFFICER 213525 0 0 0 0 0 0 0 32450 0 245975 0 0 0 EVELYN HANNA DIRECTOR OF THE UPPER SCHOOL 191015 0 0 0 0 0 15947 0 30731 0 237693 0 0 0 MATTHEW PARK CHIEF FINANCIAL & OPERATING OFFICER 200000 0 0 0 0 0 8750 0 2844 0 211594 0 0 0 PART I, LINE 1A AS OUTLINED IN THE EMPLOYMENT AGREEMENTS WITH THE SCHOOL, THE HEAD OF SCHOOL IS REQUIRED TO RESIDE ON CAMPUS TO MEET THE ONGOING NEEDS OF THE SCHOOL COMMUNITY UNDER SECTION 119. THE SCHOOL PROVIDED THE HEAD OF SCHOOL WITH A HOUSING ALLOWANCE IN THE AMOUNT OF $153,123. THE HOUSING ALLOWANCE WAS TREATED AS NONTAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, COLUMN D. THE HEAD OF SCHOOL WAS REIMBURSED $5,000 FOR THE COST OF A TENNIS CLUB MEMBERSHIP, USED FOR THE BENEFIT OF THE SCHOOL. THIS BENEFIT IS NONTAXABLE AND REPORTED ON SCHEDULE J, PART II, COLUMN D. PART I, LINE 4B JENNIFER C. GALAMBOS, HEAD OF SCHOOL, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 000000000 2016-10-25 10000000 REFINANCING 2013 BOND & RENOVATION 0 0 0 A 1574074 5022087 106000 1090000 3826087 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 PART IV, LINE 2B: ALL GROSS PROCEEDS OF THE BONDS SUBJECT TO THE ARBITRAGE REBATE REQUIREMENT UNDER IRC SECTION 148(F) HAVE BEEN FULLY EXPENDED AND, THEREFORE, NO ARBITRAGE REBATE AMOUNT IS DUE. X 20 854077 SALES PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT AND RISK MANAGEMENT COMMITTEE. ONCE APPROVED, A REDACTED COPY OF THE RETURN WITH SCHEDULE B REMOVED IS THEN MADE AVAILABLE TO BOARD MEMBERS FOR 7 DAYS PRIOR TO FILING SHOULD THERE BE ANY ADDITIONAL QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C KENT PLACE SCHOOL HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO BOARD MEMBERS AND OFFICERS. EACH BOARD MEMBER AND OFFICER MUST ANNUALLY SIGN AND SUBMIT THE CONFLICT OF INTEREST STATEMENT TO THE COMMITTEE ON TRUSTEESHIP CHAIR DISCLOSING THEIR AWARENESS OF THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD PRESIDENT WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES AND FOLLOW-UP ON THE NON-COMPLIANCE. IF IT IS ESTABLISHED THAT AN ACTUAL CONFLICT EXISTS, THE INDIVIDUAL WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DISCUSSIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL THE CONFLICT IS RESOLVED. ANY DISCUSSION REGARDING THE CONFLICT OF INTEREST TRANSACTION IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS, REFLECTING THE CONFLICT OF INTEREST THAT WAS DISCLOSED, THE NAME OF THE INTERESTED PERSON, AND THE FINAL DETERMINATION AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE, CONSISTING OF BOARD OF TRUSTEE MEMBERS, REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL AND COMPARES COMPENSATION TO ITS PEERS BASED ON SURVEYS PERFORMED BY SCHOOL ASSOCIATIONS AND INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE REVIEWS THE KEY DATA AND PROVIDES A RECOMMENDATION TO THE PRESIDENT OF THE BOARD OF TRUSTEES. THE COMPENSATION DECISION DOCUMENTED IN THE RECORDS OF THE ORGANIZATION. THIS PROCESS WAS LAST COMPLETED IN FISCAL YEAR 2025. FOR OTHER OFFICERS, THE HEAD OF SCHOOL DETERMINES COMPENSATION BASED ON AN ANNUAL PERFORMANCE REVIEW AND PERIODICALLY COMPARES COMPENSATION TO THAT OF THEIR PEERS BASED ON SURVEYS PERFORMED BY SCHOOL ASSOCIATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE BY WRITTEN REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -809,604. FORM 990, PART XII, LINE 2C: THE AUDIT AND RISK MANAGEMENT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.