Ivy Club
- Assets
- $14.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 28
- Location
- Princeton, NJ
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 21-0483630
Organization Overview
Ivy Club is located in Princeton, NJ. The organization was established in 1942. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Ivy Club employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Ivy Club generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EATING AND SOCIAL CLUB PROVIDING MEALS AND EDUCATION PROGRAMS AND FACILITIES TO ITS MEMBERS, WHO ARE UNDERGRADUATES AT PRINCETON UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ITS MEMBERS WITH EXCELLENT MEALS IN A COMFORTABLE, SUPPORTIVE ENVIRONMENT THAT HELPS THEM TO FLOURISH ACADEMICALLY, TO LEARN FROM EACH OTHER, AND TO BECOME LEADERS IN THEIR COMMUNITIES AND PROFESSIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Rascher Club Manager | Officer | 40 | $129,926 |
Philip B Vicino Club Manager | Officer | 40 | $56,250 |
William J B Brady III Governor | Trustee | 0.5 | $0 |
Peter L Briger Jr Governor | Trustee | 0.5 | $0 |
James M Buck III Governor | Trustee | 0.5 | $0 |
Allison Sewell Bridges Governor | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ch Restoration Construction | 6/29/15 | $174,445 |
Russell Roofing Construction | 6/29/15 | $112,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,522 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,571 |
| Total Program Service Revenue | $1,732,124 |
| Investment income | $95,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,479 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,850,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,176 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,269 |
| Payroll taxes | $93,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $787 |
| Fees for services: Accounting | $45,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $23,697 |
| Royalties | $0 |
| Occupancy | $342,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,615 |
| Insurance | $64,982 |
| All other expenses | $135,035 |
| Total functional expenses | $2,478,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,504 |
| Savings and temporary cash investments | $1,006,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,497 |
| Prepaid expenses and deferred charges | $48,496 |
| Net Land, buildings, and equipment | $9,160,731 |
| Investments—publicly traded securities | $4,381,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,215 |
| Total assets | $14,932,350 |
| Accounts payable and accrued expenses | $47,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,012,124 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,225 |
| Total liabilities | $2,080,151 |
| Net assets without donor restrictions | $12,852,199 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,932,350 |