Trustees Of Princeton University
- Assets
- $32.5b
- Revenue
- $2.1b
- Investments
- $25.3b
- Employees
- 15,752
- Location
- Princeton, NJ
- Founding
- 02/1984
- Data as of
- 06/2020
- EIN
- 21-0634501
Organization Overview
Trustees Of Princeton University is located in Princeton, NJ. The organization was established in 1984. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Trustees Of Princeton University employed 15,752 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 06/2020, Trustees Of Princeton University generated $2.1b in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $2.1b during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trustees Of Princeton University has awarded 190 individual grants totaling $95,660,595. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRINCETON UNIVERSITY IS A PRIVATE NOT-FOR-PROFIT, NONSECTARIAN INSTITUTION OF HIGHER LEARNING AND A WORLD-RENOWNED RESEARCH INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH-ONE OF THE WORLD'S GREAT RESEARCH CENTERS, PRINCETON UNIVERSITY IS THE SITE OF PIONEERING WORK ACROSS ALL ACADEMIC AREAS. EVERY MEMBER OF THE FACULTY IS ENGAGED IN SCHOLARLY RESEARCH; EACH YEAR THE MEMBERS OF THE FACULTY PUBLISH MORE THAN 3,000 SCHOLARLY DOCUMENTS. IN ADDITION, GRADUATE STUDENTS AND UPPERCLASS UNDERGRADUATES PURSUE INDEPENDENT RESEARCH. EXTERNAL SOURCES FUNDED 1,588 SEPARATE PROJECTS IN 2019-20 AS WELL AS THE PRINCETON PLASMA PHYSICS LAB.; THERE WERE 947 SPONSORED PROJECTS IN THE NATURAL SCIENCES, 480 IN ENGINEERING AND APPLIED SCIENCE, 132 IN THE HUMANITIES AND SOCIAL SCIENCES, AND 29 IN NON-ACADEMIC AREAS.
EDUCATION - PRINCETON UNIVERSITY IS A PRIVATE NOT-FOR-PROFIT, NON-SECTARIAN INSTITUTION OF HIGHER LEARNING WITH APPROXIMATELY 5,400 UNDERGRADUATE AND 3,000 GRADUATE STUDENTS. 2,200 STUDENTS GRADUATED IN THE 2019-2020 ACADEMIC YEAR. AS A WORLD-RENOWNED RESEARCH UNIVERSITY, PRINCETON SEEKS TO ACHIEVE THE HIGHEST LEVELS OF DISTINCTION IN THE DISCOVERY AND TRANSMISSION OF KNOWLEDGE AND UNDERSTANDING. AT THE SAME TIME, PRINCETON IS DISTINCTIVE AMONG RESEARCH UNIVERSITIES IN ITS COMMITMENT TO UNDERGRADUATE TEACHING.
AUXILIARY ACTIVITIES-PRINCETON UNIVERSITY FURNISHES SERVICES TO THE CAMPUS COMMUNITY INCLUDING HOUSING, DINING, AND CONFERENCE AND EVENT SERVICES TO APPROXIMATELY 8,400 STUDENTS, 1,300 FACULTY, 6,000 STAFF, AS WELL AS THE PUBLIC. ONE OF PRINCETON'S DEFINING CHARACTERISTICS IS ITS SMALL, RESIDENTIAL COMMUNITY THAT OFFERS A WEALTH OF ACADEMIC, EXTRACURRICULAR AND CAMPUS LIFE OPPORTUNITIES FOR STUDENTS. NEARLY ALL OF THE UNIVERSITY'S UNDERGRADUATES AND 70 PERCENT OF GRADUATE STUDENTS LIVE ON CAMPUS. THE UNIVERSITY ALSO OFFERS A VARIETY OF HOUSING AND DINING PROGRAMS FOR FACULTY AND STAFF.
OTHER PROGRAM SERVICES - INCLUDES ACADEMIC SUPPORT ACTIVITIES SUCH AS ACADEMIC ADMINISTRATION, RESEARCH ADMINISTRATION, AND THE PRINCETON UNIVERSITY ART MUSEUM; STUDENT SERVICES SUCH AS ADMISSION, FINANCIAL AID, REGISTRAR, CAREER SERVICES, HEALTH SERVICES AND ATHLETICS; AND PUBLIC SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Transit Inc Transportation | 6/29/20 | $4,644,645 |
Deborah Berke Partners Architecture | 6/29/20 | $11,435,298 |
Cooper Robertson & Partners Architects Architecture | 6/29/20 | $3,615,079 |
J&j Staffing Resources Staffing Agency | 6/29/20 | $3,748,780 |
Ennead Architects Architecture | 6/29/20 | $2,871,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $383,402 |
| Related organizations | $0 |
| Government grants | $336,660,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,599,598 |
| Noncash contributions included in lines 1a–1f | $31,650,233 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,643,000 |
| Total Program Service Revenue | $494,875,979 |
| Investment income | $818,092,000 |
| Tax Exempt Bond Proceeds | $117,000 |
| Royalties | $13,851,000 |
| Net Rental Income | $7,204,000 |
| Net Gain/Loss on Asset Sales | $34,405,000 |
| Net Income from Fundraising Events | -$94,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,120,040,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,883,254 |
| Grants and other assistance to domestic individuals. | $373,724,944 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,183,198 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,234,000 |
| Compensation of current officers, directors, key employees. | $9,952,000 |
| Compensation to disqualified persons | $951,000 |
| Other salaries and wages | $790,740,000 |
| Pension plan accruals and contributions | $67,554,000 |
| Other employee benefits | $101,882,000 |
| Payroll taxes | $48,336,000 |
| Fees for services: Management | $1,083,000 |
| Fees for services: Legal | $6,284,000 |
| Fees for services: Accounting | $1,032,000 |
| Fees for services: Lobbying | $359,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $634,000 |
| Fees for services: Other | $128,160,000 |
| Advertising and promotion | $7,995,000 |
| Office expenses | $58,793,000 |
| Information technology | $13,172,000 |
| Royalties | $9,369,000 |
| Occupancy | $60,077,000 |
| Travel | $21,326,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,613,000 |
| Interest | $115,259,000 |
| Payments to affiliates | $40,456,000 |
| Depreciation, depletion, and amortization | $188,891,000 |
| Insurance | $4,122,000 |
| All other expenses | $0 |
| Total functional expenses | $2,141,410,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,648,000 |
| Savings and temporary cash investments | $511,452,000 |
| Pledges and grants receivable | $501,946,000 |
| Accounts receivable, net | $23,864,000 |
| Loans from Officers, Directors, or Controlling Persons | $5,845,959 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $443,913,041 |
| Inventories for sale or use | $4,841,000 |
| Prepaid expenses and deferred charges | $9,275,000 |
| Net Land, buildings, and equipment | $4,299,703,000 |
| Investments—publicly traded securities | $1,275,156,000 |
| Investments—other securities | $25,273,900,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,493,000 |
| Total assets | $32,500,037,000 |
| Accounts payable and accrued expenses | $258,094,000 |
| Grants payable | $0 |
| Deferred revenue | $60,185,000 |
| Tax-exempt bond liabilities | $1,842,338,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $42,694,000 |
| Unsecured mortgages and notes payable | $1,511,486,000 |
| Other liabilities | $858,851,000 |
| Total liabilities | $4,573,648,000 |
| Net assets without donor restrictions | $12,110,157,000 |
| Net assets with donor restrictions | $15,816,232,000 |
| 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 | $32,500,037,000 |
Grants Awarded
Over the last fiscal year, Trustees Of Princeton University has awarded $8,883,254 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON PURPOSE: CONTRIBUTION | $3,415,841 |
Morristown, NJ PURPOSE: CONTRIBUTION | $1,600,000 |
New York, NY PURPOSE: CONTRIBUTION | $704,000 |
Denver, CO PURPOSE: CONTRIBUTION | $686,968 |
Princeton, NJ PURPOSE: CONTRIBUTION | $407,267 |
Lawrenceville, NJ PURPOSE: CONTRIBUTION | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Trustees Of Princeton University has recieved totaling $3,741,887.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $1,789,743 |
Jewish Communal Fund New York, NY PURPOSE: General support | $1,195,154 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $447,690 |
The Wilke Family Foundation Wilmington, DE PURPOSE: ANNUAL GIVING FUND | $100,000 |
Hispanic Scholarship Fund Gardena, CA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $52,147 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $28,735 |
Endowment Analysis
| Beg. Balance | $25,499,645,000 |
| Earnings | $1,428,455,000 |
| Admin Expense | $26,696,000 |
| Net Contributions | $432,263,000 |
| Other Expense | $1,136,033,000 |
| Grants | $253,351,000 |
| Ending Balance | $25,944,283,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,146,125,008 | $936,054,028 |
Rochester Institute Of Technology Rochester, NY | $2,165,976,339 | $849,584,640 |
St Johns University New York Jamaica, NY | $1,490,909,375 | $810,687,746 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Villanova University Villanova, PA | $1,878,489,443 | $644,725,997 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,235,224,804 | $592,927,157 |
Rockefeller University New York, NY | $3,879,645,094 | $455,447,251 |
Lehigh University Bethlehem, PA | $2,533,120,795 | $506,773,429 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Seton Hall University South Orange, NJ | $814,560,000 | $456,494,000 |
Duquesne University Of The Holy Spirit Pittsburgh, PA | $869,263,663 | $434,180,406 |