Princeton Charter Club
- Assets
- $3.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 09/1942
- Data as of
- 06/2024
- EIN
- 21-0540490
Organization Overview
Princeton Charter Club is located in Princeton, NJ. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Charter Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Princeton Charter Club generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.0m during the year ending 06/2024. While expenses have increased by 4.2% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEALS, SOCIAL AND EDUCATIONAL ACTIVITIES FOR STUDENTS AND ALUMNI OF PRINCETON UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Trumpovicz | Officer | 0 | $124,300 |
Rodrigo Meneze Chairman | Trustee | 0 | $0 |
Dean R Scott Vice Chair | OfficerTrustee | 0 | $0 |
Justin Knutson Treasurer | OfficerTrustee | 0 | $0 |
Travis Pfander Sec | OfficerTrustee | 0 | $0 |
Carol Cronheim Grad Gov | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $883,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $897,488 |
| Total Program Service Revenue | $2,034,781 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,054,546 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,257 |
| Payroll taxes | $68,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,563 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,422 |
| Information technology | $8,529 |
| Royalties | $0 |
| Occupancy | $65,822 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,621 |
| Insurance | $75,425 |
| All other expenses | $23,651 |
| Total functional expenses | $2,003,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,890 |
| Savings and temporary cash investments | $871,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,725 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,630,688 |
| Investments—publicly traded securities | $444,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,259,339 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $268,299 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $268,299 |
| Net assets without donor restrictions | $1,674,973 |
| Net assets with donor restrictions | $1,316,067 |
| 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 | $3,259,339 |