Peddie School
- Assets
- $613.4m
- Revenue
- $58.1m
- Investments
- $294.1m
- Employees
- 470
- Location
- Hightstown, NJ
- Founding
- 02/1937
- Data as of
- 06/2021
- EIN
- 21-0634492
Organization Overview
Peddie School is located in Hightstown, NJ. The organization was established in 1937. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Peddie School employed 470 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peddie School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Peddie School generated $58.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $47.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Peddie School has awarded 20 individual grants totaling $380,055. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PEDDIE COMMUNITY COMMITS ITSELF TO THE INTELLECTUAL, SOCIAL, AND MORAL GROWTH OF OUR STUDENTS. WE CHALLENGE OUR STUDENTS TO REACH FOR LEVELS OF ACHIEVEMENT (SEE SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRIVATE SECONDARY BOARDING/DAY SCHOOL ENROLLING 533 STUDENTS IN GRADES 9-12 AND POST-GRADUATE DURING THE SCHOOL YEAR, AND ACADEMIC COURSES FOR STUDENTS IN GRADES 5 - 12 DURING THE SUMMER. EXPENSES INCLUDE FINANCIAL AID OF $9,683,831.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Quinn Trustee/headmaster | OfficerTrustee | 80 | $616,518 |
Sanjeev Puri Asst Secretary/asst Head Finan | Officer | 50 | $249,841 |
Karyn Vella Assistant Head For Development | 50 | $260,670 | |
Aimee Goodman Director, Health Center | 50 | $166,024 | |
M Catherine Rodrigue Asst. Head Of School | Officer | 50 | $192,644 |
Molly Dunne Director Of Admissions | 50 | $157,872 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hanover Construction Llc Construction | 6/29/23 | $2,483,348 |
Dakota Building Services Inc Custodial | 6/29/23 | $1,234,254 |
Arcarchitectural Resources Cambrid Architectural Svcs. | 6/29/23 | $410,408 |
Monticello Associates Inc Investment Mgmt. | 6/29/23 | $360,000 |
Eastec Inc Security Service | 6/29/23 | $294,869 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,157,050 |
| Investment income | $2,193,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,129 |
| Net Gain/Loss on Asset Sales | $12,476,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,496 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,126,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,157,019 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,333,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,602,730 |
| Pension plan accruals and contributions | $1,349,533 |
| Other employee benefits | $2,667,155 |
| Payroll taxes | $1,050,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,103 |
| Fees for services: Accounting | $65,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $366,000 |
| Fees for services: Other | $339,825 |
| Advertising and promotion | $139,316 |
| Office expenses | $229,661 |
| Information technology | $1,007,427 |
| Royalties | $0 |
| Occupancy | $2,990,065 |
| Travel | $74,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $982,868 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,903,480 |
| Insurance | $583,501 |
| All other expenses | $0 |
| Total functional expenses | $47,579,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,311,387 |
| Savings and temporary cash investments | $27,610,967 |
| Pledges and grants receivable | $11,111,704 |
| Accounts receivable, net | $496,687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,356 |
| Prepaid expenses and deferred charges | $323,037 |
| Investments—publicly traded securities | $128,037,013 |
| Investments—other securities | $294,111,440 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,766,892 |
| Total assets | $613,419,387 |
| Accounts payable and accrued expenses | $3,685,900 |
| Grants payable | $0 |
| Deferred revenue | $6,286,151 |
| Tax-exempt bond liabilities | $16,972,700 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,735,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $408,689 |
| Total liabilities | $47,088,892 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $566,330,495 |
Grants Awarded
Over the last fiscal year, Peddie School has awarded $38,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOROUGH OF HIGHTSTOWN PURPOSE: GENERAL TOWN SUPPORT | $23,000 |
HIGHTSTOWN FIRE DEPARTMENT PURPOSE: FIRE DEPARTMENT SUPPORT | $15,000 |