Princeton Charter Club
- Assets
- $2.0m
- Revenue
- $721.6k
- Investments
- $0.0
- Employees
- 30
- Location
- Princeton, NJ
- Founding
- 09/1942
- Data as of
- 06/2021
- 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. As of 06/2021, Princeton Charter Club employed 30 individuals. 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 06/2021, Princeton Charter Club generated $721.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $498.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 6 years. 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
2021
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
PROVIDE MEALS, SOCIAL, AND EDUCATIONAL ACTIVITIES FOR STUDENT AND ALUMNI OF PRINCETON UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Moscow Club Manager | Officer | 40 | $109,745 |
John Beers Chairman | OfficerTrustee | 2 | $0 |
Justin Knutson Secretary | OfficerTrustee | 2 | $0 |
Dean Scott Treasurer | OfficerTrustee | 2 | $0 |
James White Vice Chairman | OfficerTrustee | 2 | $0 |
Rodrigo Menezes Grad Gov | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $141,701 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,441 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,142 |
| Total Program Service Revenue | $7,623 |
| Investment income | $7,848 |
| 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 | $721,613 |
| 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. | $114,745 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,144 |
| Payroll taxes | $17,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,239 |
| Advertising and promotion | $0 |
| Office expenses | $6,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,443 |
| 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 | $70,301 |
| Insurance | $24,910 |
| All other expenses | $0 |
| Total functional expenses | $498,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,231 |
| Savings and temporary cash investments | $167,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,904 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,198,609 |
| Investments—publicly traded securities | $461,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,029,590 |
| Accounts payable and accrued expenses | $1,557 |
| Grants payable | $0 |
| Deferred revenue | $96,606 |
| 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 | $98,163 |
| Net assets without donor restrictions | $1,777,285 |
| Net assets with donor restrictions | $154,142 |
| 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 | $2,029,590 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Princeton Charter Club has recieved totaling $135,752.
| Awarding Organization | Amount |
|---|---|
Princeton Prospect Foundation Princeton, NJ PURPOSE: EDUCATIONAL PURPOSES & HISTORIC PRESERVATION | $135,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |