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Nonprofiteer
← CAP AND GOWN CLUB OF PRINCETON

Form 990 for tax year 2023

Filed by CAP AND GOWN CLUB OF PRINCETON.

Totals

Total revenue
$2,258,979
Total expenses
$2,320,520
Contributions and grants received
$22,736
Grants paid
$0
Program service revenue
$1,975,747
Investment income
$44,134
Other revenue
$216,362
Total assets, end of year
$8,380,061
Total liabilities, end of year
$544,716
Net assets or fund balances, end of year
$7,835,345
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.

  • 1b · Membership dues

    $14,475

  • 1c · Fundraising events

    $5,616

  • 1f · All other contributions, gifts and grants

    $2,645

  • 2a · Program service revenue: BOARD

    total $1,867,157 · related or exempt $1,867,157

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $62,400 · related or exempt $62,400

  • 2c · Program service revenue: ROOMS

    total $23,800 · related or exempt $23,800

  • 2d · Program service revenue: RESTAURANT

    total $22,390 · related or exempt $22,390

  • 3 · Investment income

    total $44,134 · unrelated business $44,134

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $5,616

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: SOCIAL FUND

    total $203,000 · related or exempt $203,000

  • 11b · Other revenue: MISCELLANEOUS

    total $13,224 · related or exempt $13,224

  • 11c · Other revenue: CAP HISTORY

    total $138 · related or exempt $138

  • 11e · Other revenue, total

    $216,362

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $628,012

  • 8 · Pension plan contributions

    total $61,338

  • 9 · Other employee benefits

    total $78,752

  • 10 · Payroll taxes

    total $81,254

  • 11g · Fees: other

    total $36,682

  • 13 · Office expenses

    total $11,975

  • 16 · Occupancy

    total $267,524

  • 20 · Interest

    total $858

  • 22 · Depreciation, depletion and amortization

    total $273,117

  • 23 · Insurance

    total $73,470

  • 24a · Other expenses: FOOD AND BEVERAGES

    total $325,718

  • 24b · Other expenses: FINANCIAL AID

    total $115,714

  • 24c · Other expenses: MISCELLANEOUS

    total $92,465

  • 24d · Other expenses: HOUSE SUPPLIES

    total $68,313

  • 24e · All other expenses

    total $205,328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $731,467 · end of year $743,331

  • 2 · Savings and temporary cash investments

    beginning of year $16,283 · end of year $11,725

  • 4 · Accounts receivable

    beginning of year $73,151 · end of year $148,958

  • 8 · Inventories for sale or use

    beginning of year $10,460 · end of year $12,153

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,290 · end of year $42,123

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

    $10,954,734

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

    $3,982,549

  • 10c · Land, buildings and equipment, net

    beginning of year $7,124,451 · end of year $6,972,185

  • 11 · Investments: publicly traded securities

    beginning of year $371,552 · end of year $432,890

  • 15 · Other assets

    end of year $16,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,386 · end of year $41,962

  • 19 · Deferred revenue

    beginning of year $14,038 · end of year $6,566

  • 25 · Other liabilities

    beginning of year $414,998 · end of year $496,188

  • 27 · Net assets without donor restrictions

    beginning of year $7,864,232 · end of year $7,835,345

Mission and programs · 2023

Mission

THE PRIMARY MISSION OF THE CAP AND GOWN CLUB IS TO ENRICH THE UNDERGRADUATE EXPERIENCE AT PRINCETON UNIVERSITY FOR OUR MEMBERS FOR GENERATIONS TO COME WHILE FORGING LIFELONG BONDS OF FRIENDSHIP AND FELLOWSHIP. CAP AND GOWN STRIVES TO BE THE LEADER AMONG THE EATING CLUBS THROUGH AN OPEN WORKING PARTNERSHIP BETWEEN THE UNDERGRADUATES, ALUMNI, CLUB MANAGEMENT, AND PRINCETON UNIVERSITY.

Activities or mission (Part I)

EDUCATIONAL AND SOCIAL

  • THE PRIMARY MISSION OF THE CAP AND GOWN CLUB IS TO ENRICH THE UNDERGRADUATE EXPERIENCE AT PRINCETON UNIVERSITY FOR OUR MEMBERS FOR GENERATIONS TO COME WHILE FORGING LIFELONG BONDS OF FRIENDSHIP AND FELLOWSHIP. CAP AND GOWN STRIVES TO BE THE LEADER AMONG THE EATING CLUBS THROUGH AN OPEN WORKING PARTNERSHIP BETWEEN THE UNDERGRADUATES, ALUMNI, CLUB MANAGEMENT, AND PRINCETON UNIVERSITY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas F Fleming

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Briana Bennett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Schmucki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ladonna Gooden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George McCarter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Moellers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Luick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karl Pettit

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Camp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Erdman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Mathews

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Miro Pasic

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Greg Burton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • W Drew Weyerhaeuser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nina Bahadur

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andres Perez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Aditya Rajagopalan

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kasturi Shah

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean Poosson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Spencer Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jane Fleming Fransson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jade Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rj Hernandez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Barnes

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Nate Ford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Polly Hochman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karthik Ramesh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christine Hunsicker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joie Hand

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dana Benfer White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Esteban Aguas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ange Ndayishimiye

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kate Liu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nikhil Chervu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dennis Normile

    CLUB MANAGER

    Total calculated
    $159,980
    From this org
    $135,762
    From related orgs
    $0
    Other
    $24,218
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $135,762
    Bonus
    $0
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $19,218
    Filer's total
    $159,980

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
18 December 2024
IRS schema version
2023v5.1
Source object
202423539349300107

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