Pingry Corporation
86% goes to programs $58 to raise $100 Strong reserves
Pingry Corporation is a 501(c)(3) organization based in Basking Ridge, New Jersey, registered in 1942, with $79,623,511 in FY2023 revenue. CharityIndex grades it B, and it directs about 86% of spending to programs.
131 Martinsville Rd, Basking Ridge, NJ, 07920 EIN 22-1493168 Since 1942
Revenue (FY2023)
$79.6M
▲ 22.8% vs prior year
Education median: $200K
Expenses (FY2023)
$75.6M
Net assets
$175.1M
Employees
584
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →CProgram efficiency40% of the rating86% to programs · $58 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Pingry Corporation: 86% to programs · $58 to raise $100 earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating28 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Pingry Corporation: 28 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Pingry Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Pingry Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To foster a commitment to intellectual exploration, individual growth & social responsibility
Contact & location
- Address
- 131 Martinsville Rd, Basking Ridge, NJ, 07920
- City
- Basking Ridge
- State
- New Jersey
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $49.9M (FY2013) to $79.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $71.9MNet assets $175.1M
Operating margin
5.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$247.0M
Total liabilities
$71.9M
Net assets
$175.1M
Salaries & benefits
$41.7M
55% of expenses
Board members
29
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $79,623,511▲22.8% | $75,592,699▲4.6% | $175,087,324▲5.8% | $247,021,264▲5.0% | 990 |
| 2022 | $64,865,323▼12.2% | $72,243,422▲6.7% | $165,442,427▼1.4% | $235,206,749▼0.2% | 990 |
| 2021 | $73,847,512▲4.4% | $67,676,081▲4.4% | $167,804,572▼10.2% | $235,637,520▲9.2% | 990 |
| 2020 | $70,756,009▲19.4% | $64,803,113▼0.2% | $186,947,333▲19.3% | $215,792,985▲12.7% | 990 |
| 2019 | $59,246,013▼6.6% | $64,913,736▲15.2% | $156,675,387▼5.4% | $191,409,140▼2.3% | 990 |
| 2018 | $63,446,796▲5.0% | $56,366,012▼8.9% | $165,602,988▲2.7% | $195,926,858▲0.1% | 990 |
| 2017 | $60,396,952▲18.1% | $61,878,566▲17.3% | $161,302,851▼2.3% | $195,674,912▼1.1% | 990 |
| 2016 | $51,135,777▼20.8% | $52,730,738▲6.9% | $165,068,924▲2.0% | $197,860,527▲2.1% | 990 |
| 2015 | $64,535,999▲6.1% | $49,322,886▲8.9% | $161,788,874▲6.1% | $193,816,622▲8.4% | 990 |
| 2014 | $60,817,827▲21.8% | $45,286,272▲3.0% | $152,453,817▲7.9% | $178,868,557▲12.2% | 990 |
| 2013 | $49,919,483 | $43,983,638▲3.4% | $141,231,032▲8.8% | $159,436,119▲7.5% | 990 |
| 2012 | — | $42,540,434▼1.2% | $129,845,027▲11.6% | $148,260,031▲10.6% | 990 |
| 2011 | — | $43,038,745▲4.2% | $116,354,108▲2.1% | $134,020,547▲4.4% | 990 |
| 2010 | — | $41,310,981▲4.8% | $113,934,954▲13.0% | $128,370,684▲14.4% | 990 |
| 2009 | — | $39,412,225 | $100,791,297 | $112,242,884 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Lear Timothy P — $530,261 (0.70% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lear Timothy P | Head of School | 40 | $530,261 |
| Weckesser Olaf J | Chief Financial & Operating Officer | 40 | $362,348 |
| Mcarthur Cynthia L | Director of Auxiliary Programs | 40 | $253,935 |
| Fahey David | Dir of Institutional Advancement | 40 | $253,496 |
| Bugliari Miller A | Special Asst To the Head of School | 40 | $228,232 |
| Cottingham Reid A | Director of Upper School | 40 | $212,361 |
| Burkhart Brian C | Director of Technology | 40 | $199,704 |
| Baird III William D | Trustee | 2 | — |
| Bartoli Melissa | Trustee | 2 | — |
| Beckmen Janice C | Trustee | 2 | — |
| Bookbinder Doug | Trustee | 2 | — |
| Chen Jiayi | Trustee | 2 | — |
| Eng Kevin D | Trustee | 2 | — |
| Germain Lincoln | Trustee | 2 | — |
| Grant Denise M | Assistant Secretary | 4 | — |
| Halivopoulos E Lori | Vice Chair | 8 | — |
| Kalafer Joshua | Trustee | 2 | — |
| Kim Allen | Trustee | 2 | — |
| Lederman Stuart M | Secretary | 4 | — |
| Lipper Steven M | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sage Dining Services | Student Food Services | $2,669,014 |
| Hendry Construction Services Inc | Construction Services | $1,529,652 |
| Frankoski Construction Company Inc | Construction Services | $1,064,124 |
| Ibs - Building Services Contractors Inc | Cleaning Services | $1,000,416 |
| Kensington Bus Company Inc | Transportation Services | $838,167 |
Grants received · $5.7M total
110 grants to Pingry Corporation totaling $5.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $106,545 |
| American Online Giving Foundation Inc | General support | 2024 | $76,614 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Community Foundation of New Jersey | Secondary, primary, preschools | 2024 | $28,950 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $7,500 |
| The Blackbaud Giving Fund | General support | 2024 | $7,214 |
| Ayco Charitable Foundation | Education | 2024 | $6,371 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $235,773 |
| National Philanthropic Tr | Education | 2023 | $139,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $60,500 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $56,000 |
| Goldman Sachs Charitable Gift Fund | Scholarships & financial aid | 2023 | $42,500 |
| Charities Aid Foundation America | Charitable donation | 2023 | $41,387 |
| Trustees of Columbia University | Program services | 2023 | $35,000 |
| American Online Giving Foundation Inc | General support | 2023 | $33,827 |
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Compare Pingry Corporation
Frequently asked questions
- Is Pingry Corporation a legitimate nonprofit?
- Yes. Pingry Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-1493168, based in Basking Ridge, New Jersey. Donations are tax-deductible.
- What is Pingry Corporation's EIN?
- Pingry Corporation's Employer Identification Number (EIN) is 22-1493168.
- How much revenue does Pingry Corporation report?
- Pingry Corporation reported $79,623,511 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Pingry Corporation's spending goes to programs?
- Pingry Corporation spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Pingry Corporation have?
- CharityIndex grades Pingry Corporation B, based on program efficiency and fundraising cost.
- How much does Pingry Corporation's highest-paid employee make?
- The highest reported compensation on Pingry Corporation's latest Form 990 is $530,261, paid to Lear Timothy P (Head of School).
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Data for Pingry Corporation (EIN 22-1493168) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.