Form 990 for tax year 2022
Filed by FORRESTAL INVESTMENT CORPORATION.
Totals
- Total revenue
- $0
- Total expenses
- $0
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
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.
-
2f · All other program service revenue
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
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
Title Holding company for investments for the benefit of The Trustees of Princeton University, an educational institution exempt from tax under IRC Section 501(c)(3).
-
n/a
As filed on the 2022 return.
Listed in Part VII
-
Andrew Golden
President, Trustee
- Total calculated
- $10,320,790
- From this org
- $0
- From related orgs
- $6,625,550
- Other
- $3,695,240
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $1,078,909 related
- Bonus
- $0 + $5,426,202 related
- Other
- $0 + $120,439 related
- Deferred
- $0 + $3,661,851 related
- Nontaxable benefits
- $0 + $33,389 related
- Filer's total
- $0 + $10,320,790 related
-
James Matteo
Vice President, Trustee
- Total calculated
- $688,625
- From this org
- $0
- From related orgs
- $619,226
- Other
- $69,399
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $546,430 related
- Bonus
- $0
- Other
- $0 + $72,796 related
- Deferred
- $0 + $37,371 related
- Nontaxable benefits
- $0 + $32,028 related
- Filer's total
- $0 + $688,625 related
-
Jonathan Erickson
Secretary, Trustee
- Total calculated
- $4,303,230
- From this org
- $0
- From related orgs
- $2,984,711
- Other
- $1,318,519
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $664,362 related
- Bonus
- $0 + $2,252,628 related
- Other
- $0 + $67,721 related
- Deferred
- $0 + $1,233,056 related
- Nontaxable benefits
- $0 + $85,463 related
- Filer's total
- $0 + $4,303,230 related
-
Kenneth Molinaro
Treasurer
- Total calculated
- $322,723
- From this org
- $0
- From related orgs
- $261,294
- Other
- $61,429
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $256,633 related
- Bonus
- $0
- Other
- $0 + $4,661 related
- Deferred
- $0 + $31,705 related
- Nontaxable benefits
- $0 + $29,724 related
- Filer's total
- $0 + $322,723 related
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- The President of and the Managing Directors of Princeton University Investment Company, a related organization University Department, participated in and received compensation from nonqualified unfunded 457(f) incentive compensation plans which provide for the deferral of compensation (which amount can increase or decrease substantially depending on the performance of certain market benchmarks), until such compensation is no longer subject to a substantial risk of forfeiture. Part II Deferred compensation from the related organization includes unvested, incentive compensation earned for the period 7/1/22-6/30/23.
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.
-
The Trustees of Princeton University
501(c)(3) · Education and Research · NJ
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349302585
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