Nassau Club Of Princeton N J
- Assets
- $6.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Princeton, NJ
- Founding
- 01/1943
- Data as of
- 12/2021
- EIN
- 21-0521340
Organization Overview
Nassau Club Of Princeton N J is located in Princeton, NJ. The organization was established in 1943. 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 12/2021, Nassau Club Of Princeton N J employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nassau Club Of Princeton N J is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Nassau Club Of Princeton N J generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
X THE NASSAU CLUB OF PRINCETON, NEW JERSEY WAS ORGANIZED FOR THE PURPOSE OF PROVIDING SOCIAL AND DINING ACTIVITIES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CLUBHOUSE AND DINING FACILITIES FOR USE BY MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Pieretti Club Manager | OfficerTrustee | 48 | $287,397 |
Charles Schuyler Morehouse President | OfficerTrustee | 3 | $0 |
Jane Gore Vice President | OfficerTrustee | 1 | $0 |
Eric Tazelaar Secretary | OfficerTrustee | 1 | $0 |
Kevin Tylus Treasurer | OfficerTrustee | 1 | $0 |
Jerry Ford Trustee | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,444,525 |
| Investment income | $129,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $478,758 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,895,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,994 |
| Pension plan accruals and contributions | $45,831 |
| Other employee benefits | $146,514 |
| Payroll taxes | $109,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,448 |
| Fees for services: Accounting | $57,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,409 |
| Advertising and promotion | $0 |
| Office expenses | $19,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,468 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,489 |
| Insurance | $64,529 |
| All other expenses | $154,048 |
| Total functional expenses | $2,474,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $914,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $421,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,349 |
| Prepaid expenses and deferred charges | $38,344 |
| Net Land, buildings, and equipment | $3,012,852 |
| Investments—publicly traded securities | $1,643,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750 |
| Total assets | $6,082,007 |
| Accounts payable and accrued expenses | $162,931 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $879,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,178,653 |
| Total liabilities | $2,220,973 |
| Net assets without donor restrictions | $3,861,034 |
| 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 | $6,082,007 |
Endowment Analysis
| Beg. Balance | $1,324,101 |
| Earnings | $244,980 |
| Net Contributions | $74,189 |
| Ending Balance | $1,643,270 |
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