Colonial Club Of Princeton University
- Assets
- $3.3m
- Revenue
- $640.5k
- Investments
- $0.0
- Employees
- 16
- Location
- Princeton, NJ
- Founding
- 08/1942
- Data as of
- 06/2021
- EIN
- 21-0429130
Organization Overview
Colonial Club Of Princeton University is located in Princeton, NJ. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Colonial Club Of Princeton University employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonial Club Of Princeton University is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Colonial Club Of Princeton University generated $640.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $834.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN FACILITIES AND PROVIDE FOOD AND FUN TO CLUB MEMBERS WHO ARE STUDENTS AND ALUMNI OF PRINCETON UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN FACILITIES AND PROVIDE FOOD AND FUN TO CLUB MEMBERS WHO ARE STUDENTS AND ALUMNI OF PRINCETON UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Galante Club Manager | Officer | 40 | $87,289 |
Sean M Hammer President | OfficerTrustee | 1 | $0 |
Andrew Weintraub Vice President | OfficerTrustee | 1 | $0 |
David Genetti Treasurer | OfficerTrustee | 1.25 | $0 |
Paul Levine Secretary | OfficerTrustee | 1 | $0 |
Andrew Stein Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $558,537 |
| Total Program Service Revenue | $0 |
| Investment income | $30,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,478 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $640,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,353 |
| Payroll taxes | $16,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,971 |
| Fees for services: Accounting | $15,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,806 |
| Advertising and promotion | $840 |
| Office expenses | $5,554 |
| Information technology | $7,252 |
| Royalties | $0 |
| Occupancy | $122,089 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $332 |
| Interest | $5,359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,986 |
| Insurance | $14,221 |
| All other expenses | $10,160 |
| Total functional expenses | $834,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,827 |
| Savings and temporary cash investments | $27,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,814 |
| Prepaid expenses and deferred charges | $40,801 |
| Net Land, buildings, and equipment | $1,016,984 |
| Investments—publicly traded securities | $2,103,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,325,888 |
| Accounts payable and accrued expenses | $27,094 |
| Grants payable | $0 |
| Deferred revenue | $17,424 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $164,973 |
| Other liabilities | $0 |
| Total liabilities | $209,491 |
| Net assets without donor restrictions | $3,116,397 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,325,888 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colonial Club Of Princeton University has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Princeton Prospect Foundation Princeton, NJ PURPOSE: EDUCATIONAL PURPOSES & HISTORIC PRESERVATION | $19,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |