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Nonprofiteer
← CLOISTER INN OF PRINCETON UNIVERSITY

Form 990 for tax year 2024

Filed by CLOISTER INN OF PRINCETON UNIVERSITY.

Totals

Total revenue
$793,006
Total expenses
$840,370
Contributions and grants received
$285,736
Grants paid
$21,456
Program service revenue
$387,218
Investment income
$0
Other revenue
$120,052
Total assets, end of year
$364,519
Total liabilities, end of year
$341,720
Net assets or fund balances, end of year
$22,799
Program services expenses (Part IX)
$767,317
Management and general expenses
$44,216
Fundraising expenses
$28,837
Program service expenses (Part III)
$767,317

Program services were 91.3% 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

    $1,048

  • 1d · Related organizations

    $174,351

  • 1f · All other contributions, gifts and grants

    $110,337

  • 2a · Program service revenue: BOARD FEES

    total $326,703 · related or exempt $326,703

  • 2b · Program service revenue: HOUSE FEES

    total $60,515 · related or exempt $60,515

  • 10a · Gross sales of inventory

    $61,979

  • 10b · Cost of goods sold

    $15,126

  • 10c · Net income from sales of inventory

    total $46,853 · unrelated business $46,853

  • 11a · Other revenue: LODGING

    total $28,875 · related or exempt $28,875

  • 11b · Other revenue: SOCIAL FUND

    total $28,241 · related or exempt $28,241

  • 11c · Other revenue: PARKING

    total $16,083 · related or exempt $16,083

  • 11e · Other revenue, total

    $73,199

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $21,456 · program services $21,456

  • 7 · Other salaries and wages

    total $348,611 · program services $329,382 · management and general $8,740 · fundraising $10,489

  • 9 · Other employee benefits

    total $6,839 · program services $6,839

  • 10 · Payroll taxes

    total $45,202 · program services $40,230 · management and general $2,260 · fundraising $2,712

  • 11c · Fees: accounting

    total $22,275 · management and general $22,275

  • 11g · Fees: other

    total $23,372 · program services $23,341 · management and general $31

  • 13 · Office expenses

    total $8,185 · program services $5,595 · management and general $510 · fundraising $2,080

  • 14 · Information technology

    total $4,372 · fundraising $4,372

  • 16 · Occupancy

    total $96,082 · program services $96,082

  • 19 · Conferences, conventions and meetings

    total $12,754 · program services $12,754

  • 20 · Interest

    total $4,860 · program services $4,860

  • 23 · Insurance

    total $36,629 · program services $36,629

  • 24a · Other expenses: FOOD & BEVERAGE JR & SR

    total $91,227 · program services $91,227

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $34,148 · program services $34,148

  • 24c · Other expenses: SCHOLARSHIP

    total $21,456 · program services $21,456

  • 24d · Other expenses: KITCHEN SUPPLIES

    total $15,594 · program services $15,594

  • 24e · All other expenses

    total $47,308 · program services $27,724 · management and general $10,400 · fundraising $9,184

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,650 · end of year $65,975

  • 2 · Savings and temporary cash investments

    beginning of year $8,656

  • 4 · Accounts receivable

    beginning of year $103,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,677 · end of year $19,832

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

    $1,256,649

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

    $977,937

  • 10c · Land, buildings and equipment, net

    beginning of year $291,291 · end of year $278,712

  • 15 · Other assets

    beginning of year $1,199

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,733 · end of year $37,484

  • 19 · Deferred revenue

    beginning of year $144,045

  • 23 · Secured mortgages and notes payable

    beginning of year $144,295 · end of year $140,524

  • 25 · Other liabilities

    beginning of year $10,522 · end of year $163,712

  • 27 · Net assets without donor restrictions

    beginning of year $87,428 · end of year $22,799

Mission and programs · 2024

Mission

FOUNDED IN 1912, CLOISTER INN FOSTERS AN ENTREPRENEURIAL SPIRIT, AND INSPIRES MEMBERS TO USE THE INN AS A STARTING POINT FOR WHATEVER PURSUITS IMPASSION THEM. CLOISTER INN, PRINCETON IS AN EATING CLUB. THE INN PROVIDES MEALS, ROOMS, PARKING, A LIBRARY, RECREATIONAL FACILITIES AND SOCIAL EVENTS FOR STUDENTS AND ALUMMNI OF PRINCETON UNIVERSITY.

Activities or mission (Part I)

THE CLOISTER INN, AS AN EATING CLUB, PROVIDES MEALS FOR STUDENTS AND ALUMNI OF PRINCETON UNIVERSITY, HOSTS SPECIAL EVENTS AND IS AVAILABLE FOR CATERING FUNCTIONS

  • CLOISTER INN PROVIDES AN EATING CLUB EXPERIENCE FOR MEMBERS, ROOMS, PARKING, SOCIAL EVENTS, EDUCATIONAL ACTIVITIES AND RECREATIONAL FACILITIES.

    Expenses $724,405 · Revenue $387,218

  • CLOISTER PROVIDES SCHOLARSHIPS

    Expenses $42,912 · Grants $21,456

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mike Jackman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jose Pincay-Delgado

    V. CHAIR OPE

    Total calculated
    $0
    Hours/week
    2

  • Preston Granbery

    CHAIRLEGAL A

    Total calculated
    $0
    Hours/week
    2

  • Matthew Drabick

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • William Golden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Frazier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Grogan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pat McDonald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Wang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Denise Wong

    V CHAIR UNDE

    Total calculated
    $0
    Hours/week
    1

  • Henry Ruehl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Catherine Babiec

    V CHAIR ALUM

    Total calculated
    $0
    Hours/week
    1

  • Peter Sabbatini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Diggs

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202533199349302818

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