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Nonprofiteer
← PRINCETON IN BEIJING INC

Form 990 for tax year 2023

Filed by PRINCETON IN BEIJING INC.

Totals

Total revenue
$1,032,706
Total expenses
$873,069
Contributions and grants received
$0
Grants paid
$175,325
Program service revenue
$786,083
Investment income
$246,623
Other revenue
$0
Total assets, end of year
$2,478,470
Total liabilities, end of year
$2,251
Net assets or fund balances, end of year
$2,476,219
Program services expenses (Part IX)
$836,066
Management and general expenses
$37,003
Fundraising expenses
$0
Program service expenses (Part III)
$836,066

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: PROGRAM FEES

    total $786,083 · related or exempt $786,083 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $246,623 · related or exempt $0 · unrelated business $0 · excluded $246,623

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,125 · program services $175,125

  • 2 · Grants to domestic individuals

    total $200 · program services $200

  • 5 · Compensation of officers, directors and key employees

    total $76,243 · program services $76,243

  • 7 · Other salaries and wages

    total $60,784 · program services $60,784

  • 10 · Payroll taxes

    total $10,679 · program services $10,679

  • 11b · Fees: legal

    total $20,500 · program services $20,500

  • 11c · Fees: accounting

    total $21,900 · management and general $21,900

  • 11g · Fees: other

    total $308,055 · program services $308,055

  • 13 · Office expenses

    total $18,757 · program services $5,808 · management and general $12,949

  • 16 · Occupancy

    total $1,679 · program services $765 · management and general $914

  • 17 · Travel

    total $111,069 · program services $111,049 · management and general $20

  • 19 · Conferences, conventions and meetings

    total $1,000 · program services $1,000

  • 23 · Insurance

    total $3,394 · program services $2,233 · management and general $1,161

  • 24a · Other expenses: PROGRAM EXPENSES

    total $63,476 · program services $63,476 · management and general $0 · fundraising $0

  • 24b · Other expenses: DUES&SUBSCRIPTIONS

    total $208 · program services $149 · management and general $59 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,260,986 · end of year $1,534,478

  • 2 · Savings and temporary cash investments

    beginning of year $318,532 · end of year $189,453

  • 11 · Investments: publicly traded securities

    beginning of year $718,999 · end of year $754,539

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,054 · end of year $2,251

  • 27 · Net assets without donor restrictions

    beginning of year $2,297,463 · end of year $2,476,219

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE INTENSIVE, FULL-IMMERSION, CHINESE LANGUAGE TRAINING IN CHINA FOR STUDENTS OF PRINCETON AND OTHER UNIVERSITIES AND TO FOSTER CULTURAL EXCHANGE AND UNDERSTANDING.

Activities or mission (Part I)

TO PROVIDE FULL-IMMERSION CHINESE LANGUAGE TRAINING IN CHINA FOR STUDENTS OF PRINCETON AND OTHER UNIVERSITIES AND TO FOSTER CULTURAL EXCHANGE. 98 STUDENTS PARTICIPATED IN THE SUMMER 2024 PROGRAM.

  • SUMMER PROGRAM - THE PRINCETON IN BEIJING SUMMER 2024 PROGRAM, WITH A PROGRAM FEE OF $8,500, WHICH INCLUDED TUITION, BOARD, MEALS, EXCURSIONS, AND EXTRACURRICULAR ACTIVITIES, WAS FORMALLY ANNOUNCED IN NOVEMBER 2023. THE SUMMER 2024 PROGRAM MARKED THE FIRST TIME THE PROGRAM WAS ABLE TO RETURN TO BEIJING, CHINA SINCE THE SUMMER OF 2019 DUE TO THE COVID-19 PANDEMIC. A TOTAL OF 98 STUDENTS AND 38 INSTRUCTORS, IN ADDITION TO THE PROGRAM DIRECTOR AND PROGRAM MANAGER, PARTICIPATED IN THE SUMMER 2024 PROGRAM. THE PROGRAM BEGAN ON JUNE 21 WITH STUDENTS ARRIVING IN BEIJING, AND CLASSES FORMALLY BEGAN ON MONDAY, JUNE 24. THE PROGRAM CONCLUDED ON FRIDAY, AUGUST 16.

    Expenses $812,073 · Grants $175,325 · Revenue $786,084

  • SPONSORED EVENTS - BEYOND THE MAIN OFFERING OF THE SUMMER STUDY ABROAD PROGRAM, THE PRINCETON IN BEIJING ORGANIZATION ALSO SPONSORS VARIOUS EVENTS AND ACTIVITIES THROUGHOUT THE YEAR THAT EITHER PROMOTE THE PRINCETON IN BEIJING SUMMER PROGRAM, OR SERVE THE PRINCETON IN BEIJING MISSION OF CHINESE LANGUAGE INSTRUCTION AND FOSTERING CHINESE CULTURAL UNDERSTANDING.

    Expenses $23,993

As filed on the 2023 return.

Listed in Part VII

  • Anna Shields

    CHAIR UNTIL 07/29/2024

    Total calculated
    $383,645
    From this org
    $0
    From related orgs
    $327,616
    Other
    $56,029
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,308 related
    Bonus
    $0
    Other
    $0 + $51,308 related
    Deferred
    $0 + $35,435 related
    Nontaxable benefits
    $0 + $20,594 related
    Filer's total
    $0 + $383,645 related
  • Stephen Teiser

    BOARD MEMBER

    Total calculated
    $328,854
    From this org
    $0
    From related orgs
    $276,339
    Other
    $52,515
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,999 related
    Bonus
    $0
    Other
    $0 + $55,340 related
    Deferred
    $0 + $32,966 related
    Nontaxable benefits
    $0 + $19,548 related
    Filer's total
    $0 + $328,853 related
  • Aly Remtulla

    BOARD MEMBER

    Total calculated
    $315,139
    From this org
    $0
    From related orgs
    $264,774
    Other
    $50,365
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,387 related
    Bonus
    $0
    Other
    $0 + $5,387 related
    Deferred
    $0 + $30,555 related
    Nontaxable benefits
    $0 + $19,810 related
    Filer's total
    $0 + $315,139 related
  • Rebecca Graves Bayazitoglu

    CHAIR STARTING 07/30/2024 AND SECRETARY

    Total calculated
    $257,045
    From this org
    $0
    From related orgs
    $216,049
    Other
    $40,996
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,582 related
    Bonus
    $0
    Other
    $0 + $467 related
    Deferred
    $0 + $23,676 related
    Nontaxable benefits
    $0 + $17,320 related
    Filer's total
    $0 + $257,045 related
  • Janet Y Chen

    BOARD MEMBER

    Total calculated
    $252,647
    From this org
    $0
    From related orgs
    $204,918
    Other
    $47,729
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,495 related
    Bonus
    $0
    Other
    $0 + $15,423 related
    Deferred
    $0 + $23,132 related
    Nontaxable benefits
    $0 + $24,597 related
    Filer's total
    $0 + $252,647 related
  • Scott McGoldrick

    TREASURER

    Total calculated
    $249,569
    From this org
    $0
    From related orgs
    $203,858
    Other
    $45,711
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,210 related
    Bonus
    $0
    Other
    $0 + $649 related
    Deferred
    $0 + $22,686 related
    Nontaxable benefits
    $0 + $23,025 related
    Filer's total
    $0 + $249,570 related
  • Federico Marcon

    BOARD MEMBER

    Total calculated
    $234,392
    From this org
    $0
    From related orgs
    $198,084
    Other
    $36,308
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,768 related
    Bonus
    $0
    Other
    $0 + $41,316 related
    Deferred
    $0 + $17,855 related
    Nontaxable benefits
    $0 + $18,453 related
    Filer's total
    $0 + $234,392 related
  • Jing Wang

    BOARD MEMBER

    Total calculated
    $63,443
    From this org
    $63,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Perry Link

    BOARD MEMBER

    Total calculated
    $12,800
    From this org
    $12,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Chih P'Ing Chou

    BOARD MEMBER

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Mags Dillon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sara Judge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • TRANSFER OF PRINCETON IN BEIJING'S SHARE OF FINANCIAL AID TO SAP FOR DEAN'S FUND AWARDS FOR THE PRINCETON IN BEIJING SUMMER 2024 PROGRAM.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PRINCETON IN BEIJING OPERATIONS

    CHINESE LANGUAGE IMMERSION PROGRAM · NJ · income $0 · assets $0

    Directly controlled by PRINCETON IN BEIJING

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202542279349303964

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