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Nonprofiteer
← PRINCETON PROSPECT FOUNDATION

Form 990 for tax year 2023

Filed by PRINCETON PROSPECT FOUNDATION.

Totals

Total revenue
$4,554,362
Total expenses
$1,118,871
Contributions and grants received
$4,374,134
Grants paid
$1,066,860
Program service revenue
$0
Investment income
$167,199
Other revenue
$13,029
Total assets, end of year
$8,986,645
Total liabilities, end of year
$17
Net assets or fund balances, end of year
$8,986,628
Program services expenses (Part IX)
$1,067,556
Management and general expenses
$51,315
Fundraising expenses
$0
Program service expenses (Part III)
$1,067,556

Program services were 95.4% 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.

  • 1b · Membership dues

    $20,000

  • 1f · All other contributions, gifts and grants

    $4,354,134

  • 1g · Noncash contributions included above

    $399,245

  • 3 · Investment income

    total $144,824 · excluded $144,824

  • 7a · Gross sales of assets other than inventory

    securities $48,753

  • 7b · Less cost or other basis and sales expenses

    securities $26,378

  • 7c · Gain or loss

    securities $22,375

  • 7d · Net gain or loss

    total $22,375 · excluded $22,375

  • 11a · Other revenue: MISCELLANEOUS

    total $10,308 · related or exempt $10,308

  • 11b · Other revenue: EATING CLUBS BOOK

    total $2,721 · related or exempt $2,721

  • 11e · Other revenue, total

    $13,029

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,066,860 · program services $1,066,860

  • 11a · Fees: management

    total $1,200 · management and general $1,200

  • 11b · Fees: legal

    total $16,122 · management and general $16,122

  • 11c · Fees: accounting

    total $15,603 · management and general $15,603

  • 13 · Office expenses

    total $16,307 · management and general $16,307

  • 23 · Insurance

    total $2,083 · management and general $2,083

  • 24a · Other expenses: EATING CLUBS BOOK

    total $696 · program services $696

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,975,408 · end of year $1,800,907

  • 2 · Savings and temporary cash investments

    beginning of year $586,248 · end of year $5,132,489

  • 11 · Investments: publicly traded securities

    beginning of year $571,014 · end of year $2,053,249

  • 12 · Investments: other securities

    beginning of year $1,274,906

  • 17 · Accounts payable and accrued expenses

    beginning of year $42 · end of year $17

  • 27 · Net assets without donor restrictions

    beginning of year $35,400 · end of year $38,193

  • 28 · Net assets with donor restrictions

    beginning of year $5,372,134 · end of year $8,948,435

Mission and programs · 2023

Mission

TO FACILITATE THE HISTORIC PRESERVATION OF PRINCETON EATING CLUBS AND TO FURTHER THE EDUCATION OF STUDENTS BELONGING TO THE CLUBS.

Activities or mission (Part I)

TO FACILITATE THE HISTORIC PRESERVATION OF PRINCETON EATING CLUBS.

  • THE ORGANIZATION'S PURPOSES ARE (A) TO FACILITATE THE PRESERVATION AND RESTORATION OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDINGS OWNED AND OCCUPIED BY PRINCETON UNIVERSITY EATING CLUBS AND TO EDUCATE THE GENERAL PUBLIC ABOUT THE HISTORY AND ARCHITECTURE OF THE BUILDINGS AND (B) TO FURTHER THE EDUCATION OF STUDENTS BELONGING TO THE CLUBS.

    Expenses $1,067,556 · Grants $1,066,860

As filed on the 2023 return.

Listed in Part VII

  • Timothy Burman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Graham Harrison

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Andrea Rabitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bryan Blount

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Golden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Valarie Bay

    TREASURER

    Total calculated
    $6,842
    From this org
    $6,842
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Karl Pettit

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doug Rubin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Corbin Miller

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Adi Rajagopalan

    TRUSTEE

    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.

Grants 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
17 December 2024
IRS schema version
2023v5.1
Source object
202403529349301555

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