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Nonprofiteer
← TOWER CLUB OF PRINCETON UNIVERSITY

Form 990 for tax year 2022

Filed by TOWER CLUB OF PRINCETON UNIVERSITY.

Totals

Total revenue
$2,168,188
Total expenses
$1,837,255
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,089,284
Investment income
$77,694
Other revenue
$1,210
Total assets, end of year
$5,177,183
Total liabilities, end of year
$738,519
Net assets or fund balances, end of year
$4,438,664
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: BOARD

    total $2,089,284 · related or exempt $2,089,284

  • 3 · Investment income

    total $77,694 · unrelated business $77,694

  • 11a · Other revenue: MISCELLANEOUS

    total $1,210 · related or exempt $1,210

  • 11e · Other revenue, total

    $1,210

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $489,607

  • 9 · Other employee benefits

    total $76,809

  • 10 · Payroll taxes

    total $61,391

  • 11b · Fees: legal

    total $1,155

  • 11g · Fees: other

    total $44,317

  • 13 · Office expenses

    total $10,778

  • 16 · Occupancy

    total $181,514

  • 17 · Travel

    total $4,858

  • 20 · Interest

    total $24,777

  • 22 · Depreciation, depletion and amortization

    total $122,329

  • 23 · Insurance

    total $71,387

  • 24a · Other expenses: FOOD PURCHASES

    total $365,677

  • 24b · Other expenses: SOCIAL ACTIVITIES

    total $117,591

  • 24c · Other expenses: KITCHEN SUPPLIES

    total $117,363

  • 24d · Other expenses: SECURITY

    total $57,861

  • 24e · All other expenses

    total $89,841

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,131,654 · end of year $1,375,714

  • 2 · Savings and temporary cash investments

    beginning of year $611,551 · end of year $632,179

  • 4 · Accounts receivable

    beginning of year $11,654 · end of year $102,804

  • 8 · Inventories for sale or use

    beginning of year $10,180 · end of year $10,180

  • 10a · Land, buildings and equipment: cost or other basis

    $5,111,878

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,727,095

  • 10c · Land, buildings and equipment, net

    beginning of year $2,448,434 · end of year $2,384,783

  • 11 · Investments: publicly traded securities

    beginning of year $287,412 · end of year $353,797

  • 12 · Investments: other securities

    beginning of year $241,448 · end of year $297,430

  • 14 · Intangible assets

    beginning of year $17,097 · end of year $16,411

  • 15 · Other assets

    beginning of year $4,319 · end of year $3,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,385 · end of year $5,568

  • 19 · Deferred revenue

    beginning of year $41,618 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $748,485 · end of year $729,451

  • 25 · Other liabilities

    beginning of year $4,979 · end of year $3,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,966,282 · end of year $4,438,664

Mission and programs · 2022

Mission

TO PROVIDE FOOD, SOCIAL AND EDUCATIONAL ACTIVITIES TO ITS MEMBERS.

  • TO PROVIDE FOOD, SOCIAL AND EDUCATIONAL ACTIVITIES TO ITS MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • David Woffindin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Matejek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Mirabello

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregory Berzolla

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • William Ryan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles B Hughes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Fernandez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Yakulis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charlie Swift

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rachel MacAulay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Hayes

    GENERAL MANAGER

    Total calculated
    $112,450
    From this org
    $112,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
12 February 2025
IRS schema version
2022v5.0
Source object
202510439349301801

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