Trustees Of Princeton University
- Assets
- $43.0b
- Revenue
- $5.0b
- Investments
- $34.1b
- Employees
- 14,491
- Location
- Princeton, NJ
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 21-0634501
Organization Overview
Trustees Of Princeton University, operating under the name Princeton University, is located in Princeton, NJ. The organization was established in 1984. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Princeton University employed 14,491 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Princeton University 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 06/2022, Princeton University generated $5.0b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $2.4b during the year ending 06/2022. While expenses have increased by 2.9% 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.
Since 2015, Princeton University has awarded 292 individual grants totaling $135,073,903. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRINCETON UNIVERSITY IS A PRIVATE NOT-FOR-PROFIT, NONSECTARIAN INSTITUTION OF HIGHER LEARNING AND A WORLD-RENOWNED RESEARCH INSTITUTION.
Describe the Organization's Program Activity:
RESEARCH-ONE OF THE WORLD'S GREAT RESEARCH CENTERS, PRINCETON UNIVERSITY IS THE SITE OF PIONEERING WORK ACROSS ALL ACADEMIC AREAS. EVERY MEMBER OF THE FACULTY IS ENGAGED IN SCHOLARLY RESEARCH; EACH YEAR THE MEMBERS OF THE FACULTY PUBLISH MORE THAN 3,000 SCHOLARLY DOCUMENTS. IN ADDITION, GRADUATE STUDENTS AND UPPERCLASS UNDERGRADUATES PURSUE INDEPENDENT RESEARCH. EXTERNAL SOURCES FUNDED 1,637 SEPARATE PROJECTS IN 2021-22 AS WELL AS THE PRINCETON PLASMA PHYSICS LAB.; THERE WERE 938 SPONSORED PROJECTS IN THE NATURAL SCIENCES, 520 IN ENGINEERING AND APPLIED SCIENCE, 161 IN THE HUMANITIES AND SOCIAL SCIENCES, AND 18 IN NON-ACADEMIC AREAS.
OTHER PROGRAM SERVICES - INCLUDES ACADEMIC SUPPORT ACTIVITIES SUCH AS ACADEMIC ADMINISTRATION, RESEARCH ADMINISTRATION, AND THE PRINCETON UNIVERSITY ART MUSEUM; STUDENT SERVICES SUCH AS ADMISSION, FINANCIAL AID, REGISTRAR, CAREER SERVICES, HEALTH SERVICES AND ATHLETICS; AND PUBLIC SERVICE.
EDUCATION - PRINCETON UNIVERSITY IS A PRIVATE NOT-FOR-PROFIT, NON-SECTARIAN INSTITUTION OF HIGHER LEARNING WITH APPROXIMATELY 5,300 UNDERGRADUATE AND 3,200 GRADUATE STUDENTS. 2,400 STUDENTS GRADUATED IN THE 2021-2022 ACADEMIC YEAR. AS A WORLD-RENOWNED RESEARCH UNIVERSITY, PRINCETON SEEKS TO ACHIEVE THE HIGHEST LEVELS OF DISTINCTION IN THE DISCOVERY AND TRANSMISSION OF KNOWLEDGE AND UNDERSTANDING. AT THE SAME TIME, PRINCETON IS DISTINCTIVE AMONG RESEARCH UNIVERSITIES IN ITS COMMITMENT TO UNDERGRADUATE TEACHING.
AUXILIARY ACTIVITIES-PRINCETON UNIVERSITY FURNISHES SERVICES TO THE CAMPUS COMMUNITY INCLUDING HOUSING, DINING, AND CONFERENCE AND EVENT SERVICES TO APPROXIMATELY 8,500 STUDENTS, 1,300 FACULTY, 6,100 STAFF, AS WELL AS THE PUBLIC. ONE OF PRINCETON'S DEFINING CHARACTERISTICS IS ITS SMALL, RESIDENTIAL COMMUNITY THAT OFFERS A WEALTH OF ACADEMIC, EXTRACURRICULAR AND CAMPUS LIFE OPPORTUNITIES FOR STUDENTS. NEARLY ALL OF THE UNIVERSITY'S UNDERGRADUATES AND 70 PERCENT OF GRADUATE STUDENTS LIVE ON CAMPUS. THE UNIVERSITY ALSO OFFERS A VARIETY OF HOUSING AND DINING PROGRAMS FOR FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 50 | $952,932 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ennead Architects Architecture | 6/29/22 | $18,932,101 |
Skidmore Owings Merrill Architects Pa Architecture | 6/29/22 | $9,292,575 |
Cooper Robertson Partners Architects Llp Architecture | 6/29/22 | $6,140,118 |
Accurate Diagnostics Labs Inc Medical Services | 6/29/22 | $8,814,450 |
Frederick Fisher And Partners Architecture | 6/29/22 | $5,131,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $416,545 |
| Related organizations | $0 |
| Government grants | $362,297,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $472,696,455 |
| Noncash contributions included in lines 1a–1f | $70,459,274 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $835,410,000 |
| Total Program Service Revenue | $549,239,000 |
| Investment income | $3,329,970,000 |
| Tax Exempt Bond Proceeds | $4,000 |
| Royalties | $3,641,000 |
| Net Rental Income | $5,259,000 |
| Net Gain/Loss on Asset Sales | -$74,370,000 |
| Net Income from Fundraising Events | -$127,063 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,021,934,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,885,453 |
| Grants and other assistance to domestic individuals. | $414,704,133 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,086,020 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,038,000 |
| Compensation of current officers, directors, key employees. | $12,872,000 |
| Compensation to disqualified persons | $611,000 |
| Other salaries and wages | $850,920,000 |
| Pension plan accruals and contributions | $72,508,000 |
| Other employee benefits | $139,665,000 |
| Payroll taxes | $53,111,000 |
| Fees for services: Management | $980,000 |
| Fees for services: Legal | $8,604,000 |
| Fees for services: Accounting | $863,000 |
| Fees for services: Lobbying | $397,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,839,000 |
| Fees for services: Other | $176,872,000 |
| Advertising and promotion | $8,752,000 |
| Office expenses | $75,418,000 |
| Information technology | $12,689,000 |
| Royalties | $1,330,000 |
| Occupancy | $75,188,000 |
| Travel | $16,308,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,112,000 |
| Interest | $113,483,000 |
| Payments to affiliates | $30,696,000 |
| Depreciation, depletion, and amortization | $195,929,000 |
| Insurance | $6,097,000 |
| All other expenses | $0 |
| Total functional expenses | $2,369,524,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,736,000 |
| Savings and temporary cash investments | $655,785,000 |
| Pledges and grants receivable | $522,101,000 |
| Accounts receivable, net | $27,282,000 |
| Loans from Officers, Directors, or Controlling Persons | $5,513,487 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $442,764,472 |
| Inventories for sale or use | $6,570,000 |
| Prepaid expenses and deferred charges | $10,571,000 |
| Net Land, buildings, and equipment | $5,025,941,000 |
| Investments—publicly traded securities | $2,138,100,000 |
| Investments—other securities | $34,114,646,000 |
| Investments—program-related | $0 |
| Intangible assets | $4,688,000 |
| Other assets | $46,925,041 |
| Total assets | $43,028,623,000 |
| Accounts payable and accrued expenses | $385,349,000 |
| Grants payable | $0 |
| Deferred revenue | $50,182,000 |
| Tax-exempt bond liabilities | $2,262,321,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,097,000 |
| Unsecured mortgages and notes payable | $1,804,306,000 |
| Other liabilities | $789,629,000 |
| Total liabilities | $5,326,884,000 |
| Net assets without donor restrictions | $16,724,129,000 |
| Net assets with donor restrictions | $20,977,610,000 |
| 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 | $43,028,623,000 |
Grants Awarded
Over the last fiscal year, Trustees Of Princeton University has awarded $9,885,453 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: CONTRIBUTION | $180,000 |
BARNARD COLLEGE PURPOSE: CONTRIBUTION | $42,096 |
CLIMATE CENTRAL INC PURPOSE: CONTRIBUTION | $199,340 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: CONTRIBUTION | $1,600,000 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: CONTRIBUTION | $387,926 |
FRIENDS OF COMPASS INC PURPOSE: CONTRIBUTION | $50,000 |