Pingry Corporation

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.

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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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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Pingry Corporation has recieved totaling $1,000.

Awarding OrganizationAmount
The Wilson Family Foundation

High Point, NC

PURPOSE: CHARITABLE CONTRIBUTION

$1,000
View Grant Recipient Profile

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

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