Totals
- Total revenue
- $13,096,195
- Total expenses
- $11,128,105
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,468,144
- Investment income
- $533,907
- Other revenue
- $7,094,144
- Total assets, end of year
- $22,294,144
- Total liabilities, end of year
- $8,226,645
- Net assets or fund balances, end of year
- $14,067,499
- 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: MEMBERSHIP DUES
total $4,624,888 · related or exempt $4,624,888
-
2b · Program service revenue: INITIATION FEES
total $843,256 · related or exempt $843,256
-
3 · Investment income
total $691,441 · unrelated business $634,823 · excluded $56,618
-
7a · Gross sales of assets other than inventory
securities $10,243,620
-
7b · Less cost or other basis and sales expenses
securities $10,401,154
-
7c · Gain or loss
securities -$157,534
-
7d · Net gain or loss
total -$157,534 · unrelated business -$157,534
-
10a · Gross sales of inventory
$8,095,588
-
10b · Cost of goods sold
$1,001,444
-
10c · Net income from sales of inventory
total $7,094,144 · related or exempt $5,573,729 · unrelated business $1,520,415
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $601,115
-
7 · Other salaries and wages
total $5,490,095
-
8 · Pension plan contributions
total $338,941
-
9 · Other employee benefits
total $962,525
-
10 · Payroll taxes
total $509,909
-
11b · Fees: legal
total $23,578
-
11c · Fees: accounting
total $42,081
-
11g · Fees: other
total $538,526
-
13 · Office expenses
total $180,217
-
14 · Information technology
total $17,634
-
16 · Occupancy
total $887,395
-
17 · Travel
total $5,786
-
19 · Conferences, conventions and meetings
total $34,672
-
20 · Interest
total $37,500
-
22 · Depreciation, depletion and amortization
total $142,551
-
24a · Other expenses: UNRELATED BUS. INC. TAX
total $395,100
-
24b · Other expenses: GENERAL HOUSE EXPENSES
total $419,293
-
24c · Other expenses: ROOM OPERATIONS
total $254,298
-
24d · Other expenses: FOOD & BEV OPERATIONS
total $160,719
-
24e · All other expenses
total $86,170
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,660,113 · end of year $1,099,818
-
2 · Savings and temporary cash investments
beginning of year $1,503,820 · end of year $4,040,417
-
4 · Accounts receivable
beginning of year $1,270,419 · end of year $1,550,733
-
8 · Inventories for sale or use
beginning of year $57,476 · end of year $72,522
-
9 · Prepaid expenses and deferred charges
beginning of year $465,565 · end of year $530,550
-
10a · Land, buildings and equipment: cost or other basis
$3,279,581
-
10b · Land, buildings and equipment: accumulated depreciation
$2,014,688
-
10c · Land, buildings and equipment, net
beginning of year $1,342,167 · end of year $1,264,893
-
11 · Investments: publicly traded securities
beginning of year $1,393,272 · end of year $1,531,066
-
12 · Investments: other securities
beginning of year $11,804,039 · end of year $12,204,145
-
17 · Accounts payable and accrued expenses
beginning of year $1,054,551 · end of year $1,417,389
-
19 · Deferred revenue
beginning of year $4,016,363 · end of year $5,083,970
-
25 · Other liabilities
beginning of year $1,987,159 · end of year $1,725,286
-
27 · Net assets without donor restrictions
beginning of year $12,438,798 · end of year $14,067,499
Mission and programs · 2022
Mission
THE PENN CLUB OF NEW YORK HAS BEEN ESTABLISHED TO ENCOURAGE AND CULTIVATE FREE INTERCHANGE, SOCIAL ACTIVITY AND GOOD FELLOWSHIP AMONG ALUMNI, FACULTY, STAFF, STUDENTS AND FRIENDS OF THE UNIVERSITY OF PENNSYLVANIA AND TO ASSIST AND PROMOTE THE INTERESTS OF THE UNIVERSITY IN THE NEW YORK CITY AREA. THE CLUB IS INTENDED TO STRENGTHEN THE UNIVERSITY'S INFRASTRUCTURE FOR THE ALUMNI AFFAIRS AND FUNDRAISING ACTIVITIES, WHILE FURTHERING THE UNIVERSITY'S EDUCATIONAL MISSION.
Activities or mission (Part I)
THE PURPOSE OF THE PENN CLUB OF NEW YORK, INC. (THE "CLUB") IS TO ENCOURAGE AND STIMULATE ALUMNI INTERACTION AND CATER TO THE NEEDS OF THE ALUMNI.
-
TAX EXEMPT CLUB ACTIVITIES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lauren Davidson SachsLAUREN DAVIDSON SACHS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
E Judd CohenE JUDD COHEN
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Gerald KrorrGERALD KRORR
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Peter MintonPETER MINTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Alvin ShoemakerALVIN SHOEMAKER
HONORARY CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Sarah MiglioreSARAH MIGLIORE
HOUSE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Brian CargoBRIAN CARGO
MEMBERSHIP CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Caroline WaxlerCAROLINE WAXLER
PROGRAM CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Lolafe LawalLOLAFE LAWAL
YOUNG ALUMNI CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Susan MarxSUSAN MARX
IMMEDIATE PAST-PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Le-Ellen Spelman DotyLE-ELLEN SPELMAN DOTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mark DingfieldMARK DINGFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
James HussonJAMES HUSSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Martin BadinelliMARTIN BADINELLI
FORMAL GENERAL MANAGER
- Total calculated
- $339,515
- From this org
- $274,315
- From related orgs
- $0
- Other
- $65,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,315
- Bonus
- $60,000
- Other
- $0
- Deferred
- $22,700
- Nontaxable benefits
- $42,500
- Filer's total
- $339,515
-
Ping NanPING NAN
COMPTROLLER
- Total calculated
- $261,600
- From this org
- $232,200
- From related orgs
- $0
- Other
- $29,400
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,200
- Bonus
- $50,000
- Other
- $0
- Deferred
- $9,400
- Nontaxable benefits
- $20,000
- Filer's total
- $261,600
-
Heba ElshinalyHEBA ELSHINALY
ASSISTANT GENERAL MANAGER
- Total calculated
- $235,500
- From this org
- $208,800
- From related orgs
- $0
- Other
- $26,700
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,800
- Bonus
- $30,000
- Other
- $0
- Deferred
- $15,100
- Nontaxable benefits
- $11,600
- Filer's total
- $235,500
-
Herb WilsonHERB WILSON
EXECUTIVE CHEF
- Total calculated
- $178,700
- From this org
- $167,100
- From related orgs
- $0
- Other
- $11,600
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,100
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $11,600
- Filer's total
- $178,700
-
Antonio KantosANTONIO KANTOS
MAIN DINING ROOM MANAGER
- Total calculated
- $192,450
- From this org
- $166,300
- From related orgs
- $0
- Other
- $26,150
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,800
- Bonus
- $2,500
- Other
- $0
- Deferred
- $4,800
- Nontaxable benefits
- $21,350
- Filer's total
- $192,450
-
Jose AcostaJOSE ACOSTA
DIRECTOR OF ENGINEERING
- Total calculated
- $188,400
- From this org
- $159,800
- From related orgs
- $0
- Other
- $28,600
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,800
- Bonus
- $15,000
- Other
- $0
- Deferred
- $6,600
- Nontaxable benefits
- $22,000
- Filer's total
- $188,400
-
Jennifer GregoriouJENNIFER GREGORIOU
DIRECTOR OF MEMBERSHIP
- Total calculated
- $151,900
- From this org
- $135,100
- From related orgs
- $0
- Other
- $16,800
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,100
- Bonus
- $10,000
- Other
- $0
- Deferred
- $5,400
- Nontaxable benefits
- $11,400
- Filer's total
- $151,900
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303129349304985
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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