Pingry Corporation
- Assets
- $215.8m
- Revenue
- $70.8m
- Investments
- $75.4m
- Employees
- 446
- Location
- Basking Ridge, NJ
- Founding
- 08/1942
- Data as of
- 06/2021
- EIN
- 22-1493168
Organization Overview
Pingry Corporation, operating under the name The Pingry School, is located in Basking Ridge, NJ. The organization was established in 1942. 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 06/2021, Pingry School employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pingry 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, Pingry School generated $70.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $64.8m during the year ending 06/2021. While expenses have increased by 4.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER A COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH & SOCIAL RESPONSIBILITY
Describe the Organization's Program Activity:
THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1,130 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Levinson Matthew D Head Of School | Officer | 40 | $544,854 |
Conard Nathaniel E Former Officer | 40 | $332,340 | |
Weckesser Olaf J Chief Financial & Operating Officer | Officer | 40 | $289,534 |
Dinkins Delvin M Asst Head Of School-Middle & Upper | 40 | $212,989 | |
Brunhouse Allison C Director Of Insitutional Advancement | 40 | $203,774 | |
Piette Laurie A Director Of Middle School | 40 | $183,515 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mirimus Inc Covid Testing | 6/29/21 | $813,898 |
Sage Dining Services Student Food Service | 6/29/21 | $1,781,393 |
The Leegis Group Contractor Services | 6/29/21 | $786,067 |
Noc Services Corporation Tech Equipment/ Consulting Services | 6/29/21 | $735,270 |
Interstate Maintenance Corporation Cleaning Services | 6/29/21 | $607,267 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,462,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,793,441 |
| Noncash contributions included in lines 1a–1f | $184,754 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,255,941 |
| Total Program Service Revenue | $50,383,363 |
| Investment income | $2,472,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $407,968 |
| Net Gain/Loss on Asset Sales | $5,931,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $114,167 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,756,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,469,419 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $916,759 |
| Compensation of current officers, directors, key employees. | $916,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,272,902 |
| Pension plan accruals and contributions | $1,935,880 |
| Other employee benefits | $4,620,331 |
| Payroll taxes | $1,802,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,609 |
| Fees for services: Accounting | $158,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $225,000 |
| Fees for services: Other | $7,049 |
| Advertising and promotion | $0 |
| Office expenses | $1,066,824 |
| Information technology | $570,397 |
| Royalties | $0 |
| Occupancy | $6,683,030 |
| Travel | $2,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $381,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,165,061 |
| Insurance | $797,592 |
| All other expenses | $1,430,227 |
| Total functional expenses | $64,803,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,687,326 |
| Savings and temporary cash investments | $14,078,128 |
| Pledges and grants receivable | $4,715,506 |
| Accounts receivable, net | $105,394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $220,405 |
| Prepaid expenses and deferred charges | $334,635 |
| Net Land, buildings, and equipment | $63,533,453 |
| Investments—publicly traded securities | $43,359,442 |
| Investments—other securities | $75,433,839 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,324,857 |
| Total assets | $215,792,985 |
| Accounts payable and accrued expenses | $7,112,673 |
| Grants payable | $0 |
| Deferred revenue | $7,831,563 |
| Tax-exempt bond liabilities | $13,901,416 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,845,652 |
| Net assets without donor restrictions | $86,945,121 |
| Net assets with donor restrictions | $100,002,212 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $215,792,985 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pingry Corporation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Endowment Analysis
| Beg. Balance | $88,488,581 |
| Earnings | $31,795,077 |
| Net Contributions | $3,682,641 |
| Other Expense | $3,413,835 |
| Ending Balance | $120,552,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |