2026-08-06T12:11:41-05:00 2025-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2025-01-01 226074979 HISTORICAL SOCIETY OF PRINCETON HIST 6099216748 354 QUAKER ROAD PRINCETON NJ 08540 SCOTT SALANTRIE BOARD TREASURER 6099216748 2026-07-30 1 CHRISTABEL VALLADARES CPA P02451559 9733281825 2026-07-30 2025 2025-03-06 01:10:19Z SCOTT SALANTRIE 354 QUAKER ROAD PRINCETON NJ 08540 1283285 0 X WWW.PRINCETONHISTORY.ORG X 1938 NJ THE SOCIETY PRESERVES AND INTERPRETS PRINCETON'S HISTORY THROUGH EDUCATIONAL PROGRAMMING THAT USES ITS HISTORIC SITES, COLLECTIONS, AND EXHIBITS TO CONNECT THE PAST TO CONTEMPORARY ISSUES AND COMMUNITY LIFE. 14 14 17 20 0 0 486247 867079 85240 131862 130863 89623 1329 1580 703679 1090144 0 0 0 0 450233 412828 0 0 81672 404449 424429 854682 837257 -151003 252887 7833098 8356855 152286 94373 7680812 8262482 THE SOCIETY PRESERVES AND INTERPRETS PRINCETON'S HISTORY THROUGH EDUCATIONAL PROGRAMMING THAT USES ITS HISTORIC SITES, COLLECTIONS, AND EXHIBITS TO CONNECT THE PAST TO CONTEMPORARY ISSUES AND COMMUNITY LIFE. 0 0 640398 133442 THE HISTORICAL SOCIETY OF PRINCETON (HSP) MAINTAINED AND INTERPRETED ITS HISTORIC FARMSTEAD AND COMPLETED RESTORATION OF THE WAGON SHED IN 2025. THE MUSEUM WELCOMED 513 VISITORS DURING THE YEAR. THE SOCIETY OFFERED 18 OUTREACH PROGRAMS AND 109 TOURS. VIRTUAL OUTREACH PROGRAMS AND ONLINE EXHIBITIONS REACHED 1,027 PARTICIPANTS. SCHOOL PROGRAMS SERVED 707 LOCAL STUDENTS. PUBLIC PROGRAMS AND LECTURES REACHED 1,792 ATTENDEES, AND WALKING TOURS INCLUDED 1,851 PARTICIPANTS. HSP ALSO RESPONDED TO 162 RESEARCH INQUIRIES. THE PUBLIC ACCESSED THE SOCIETY'S DIGITAL COLLECTIONS 13,775 TIMES, AND HSP ADDED THREE NEW ACQUISITIONS TO ITS COLLECTIONS. THESE ACTIVITIES ADVANCE HSP'S MISSION BY PRESERVING AND INTERPRETING PRINCETON'S HISTORY AND MAKING IT ACCESSIBLE TO DIVERSE AUDIENCES. 640398 1 1 0 0 0 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 6 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X ELIZABETH MONROE 6099216748 354 QUAKER ROAD PRINCETON NJ 08540 DOUGLAS CHIA PRESIDENT 6.00 X X 0 0 0 SCOTT SALANTRIE VP/TREASURER 6.00 X X 0 0 0 LIVIA WONG MCCARTHY SECRETARY 2.00 X X 0 0 0 RIK DUGAN TRUSTEE 2.00 X 0 0 0 PETER GIBSON TRUSTEE 2.00 X 0 0 0 MATT HALLAM TRUSTEE 2.00 X 0 0 0 MATTHEW HENDERSON TRUSTEE 2.00 X 0 0 0 DEE PATBERG TRUSTEE 2.00 X 0 0 0 SOL PERALTA TRUSTEE 2.00 X 0 0 0 PAUL PESSUTTI TRUSTEE 2.00 X 0 0 0 LESLIE JENNINGS ROWLEY TRUSTEE 2.00 X 0 0 0 RACHANA SINGH TRUSTEE 2.00 X 0 0 0 STEVE STAPLES TRUSTEE 2.00 X 0 0 0 RICH TALLO TRUSTEE 2.00 X 0 0 0 ELIZABETH MONROE EXECUTIVE DIRECTOR (START APRIL 2025) 40.00 X 43846 0 0 SARAH TAGGART EXECUTIVE DIRECTOR (END APRIL 2025) 40.00 X 45600 0 0 89446 0 0 0 0 0 0 0 16129 112000 738950 867079 FACILITY FEE 611600 92150 92150 TOURS & PROGRAMS 611600 39712 39712 131862 113572 113572 124000 60090 87859 63910 -87859 -23949 -23949 45192 16129 45192 0 OTHER REVENUE 900099 1580 1580 1580 1090144 133442 0 89623 43846 35489 3924 4433 315762 255590 28261 31911 3680 2979 329 372 22676 18355 2029 2292 26864 21744 2405 2715 46925 14862 31385 678 11772 3729 7873 170 922 922 29244 12696 6061 10487 46276 39440 3996 2840 2095 2095 3507 3327 180 133716 96275 20057 17384 25729 18525 3859 3345 REPAIRS AND MAINTENANCE 65146 59935 2606 2605 EXHIBITS AND MUSEUM 30320 30320 SPECIAL EVENT 17338 17338 MERCHANT SERVICES 8663 4778 1986 1899 2776 1999 416 361 837257 640398 115187 81672 278345 178962 296492 188296 114651 153386 8541 5397 6009332 1905502 3897690 4103830 3174637 3691384 62742 35600 7833098 8356855 54060 43493 98226 50880 152286 94373 X 7295127 8021211 385685 241271 7680812 8262482 7833098 8356855 252887 298783 30000 0 X X 0 1 X 1 0 X 444856 600062 581074 486247 867079 2979318 117943 132008 85853 85240 131862 552906 562799 732070 666927 571487 998941 3532224 127768 481546 413785 316951 657973 1998023 0 127768 481546 413785 316951 657973 1998023 1534201 45613 54378 113920 117106 89623 420640 45613 54378 113920 117106 89623 420640 72430 5001 4356 1329 1364 84480 680842 791449 785203 689922 1089928 4037344 0.38000 0.70180 0.10420 0.16070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 X X X X 0 847611 847611 4707948 1824718 2883230 95930 80784 15146 357843 357843 4103830 EVENT SECURITY DEPOSITS 5000 DEPOSITS FOR FUTURE EVENTS 9000 LEASE LIABILITY 36880 50880 X 1464119 298783 30000 45192 373975 1090144 0 1090144 882449 45192 45192 837257 0 837257 PART II, LINE 5: WRITTEN POLICY REQUIRES MONITORING OF THE CONSERVATION EASEMENT. PART II, LINE 9: THE SOCIETY DOES NOT REPORT CONSERVATION EASEMENTS IN ITS STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE SOCIETY HAS 1 CONSERVATION EASEMENT AND IT IS NON-CERTIFIED. UNDER THE NEW JERSEY HISTORIC TRUST EASEMENT (THE "AGREEMENT") BETWEEN THE SOCIETY AND THE STATE OF NEW JERSEY BY THE DEPARTMENT OF COMMUNITY AFFAIRS, THE SOCIETY IS OBLIGATED TO PRESERVE THE UPDIKE FARMSTEAD, LOCATED IN PRINCETON, NEW JERSEY, IN ITS CURRENT STATE, WITH THE EXCEPTION OF ALLOWANCES FOR CERTAIN BUILDING STRUCTURES, AS DEFINED IN THE AGREEMENT. THE STATE OF NEW JERSEY PROVIDES GRANT MONIES TO FUND PRESERVATION COSTS. IF THE UPDIKE FARMSTEAD IS ALTERED OUTSIDE OF THE ALLOWED VARIANCES, OR IF THE PROPERTY IS NOT MAINTAINED IN GOOD CONDITION, THE STATE OF NEW JERSEY MAY REQUIRE REPAYMENT BY THE SOCIETY OF ALL MONIES RECEIVED UNDER THE AGREEMENT IN THE PRIOR YEARS, WHICH AMOUNTED TO $605,825. THE EASEMENT AGREEMENT EXPIRES SEPTEMBER 27, 2042. PART III, LINE 4: THE HISTORICAL SOCIETY OF PRINCETON ACTIVELY COLLECTS AND PRESERVES A DIVERSE ARRAY OF HISTORICAL MATERIAL, WHICH IT MAKES ACCESSIBLE TO THE PUBLIC THROUGH EXHIBITIONS, RESEARCH SERVICES, LOANS, AND PUBLIC PROGRAMS. IN SO DOING, HSP ENSURES HISTORICAL ARTIFACTS AND DOCUMENTS ARE PRESERVED FOR FUTURE GENERATIONS AND THAT HISTORICAL KNOWLEDGE IS DISSEMINATED, FURTHERING HSP'S EDUCATION AND PRESERVATION MISSION. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY HISTORICAL SOCIETIES, THE COST OR VALUE OF ART OBJECTS, ANTIQUES AND PRINCETONIAN MEMORABILIA PURCHASED AND DONATED IS NOT INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION. THE COST OF OBJECTS PURCHASED FOR THE COLLECTIONS AND EXHIBITS IS REPORTED AS A SEPARATE PROGRAM EXPENSE IN THE STATEMENTS OF ACTIVITIES. THE SOCIETY'S POLICY ON DEACCESSIONS IS IN ACCORDANCE WITH THAT OF OTHER HISTORICAL SOCIETIES. THE SOCIETY WILL FOLLOW REGULATED PROCEDURES BY FIRST ADHERING TO THE DONOR'S RESTRICTIONS, IF ANY, AND THEN TO THE BOARD'S DESIGNATIONS AND PROCESS ON HOW THE DEACCESSION IS TO BE HANDLED, WHICH IS BASED ON A SLIDING SCALE DETERMINED BY THE VALUE OF THE OBJECT. PROCEEDS FROM THE DEACCESSION WILL BE INCLUDED IN THE STATEMENTS OF ACTIVITIES AND PLACED IN AN INVESTMENT ACCOUNT DESIGNATED BY THE BOARD OF TRUSTEES, WHICH ACCOUNT IS INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION, TO BE USED FOR COLLECTION PURCHASES, CARE AND RESTORATION. THE SOCIETY FOLLOWS THE PROVISIONS OF ASU 2019-03, UPDATING THE DEFINITION OF COLLECTIONS (TOPIC 958). ALL PROCEEDS FROM DEACCESSIONED OBJECTS SHALL BE DEPOSITED IN A RESTRICTED ACCOUNT TO BE USED EXCLUSIVELY FOR ACQUISITIONS OR DIRECT CARE OF THE SOCIETY'S PERMANENT COLLECTION. IN ADDITION TO ACQUIRING NEW OBJECTS, DEACCESSION FUNDS CAN BE USED FOR DIRECT CARE WHICH THE SOCIETY DEFINES AS AN OBJECT NEEDING CONSERVATION WHICH WOULD REQUIRE A RECOMMENDATION BY THE CURATOR WITH FULL BOARD APPROVAL. PART X, LINE 2: THE SOCIETY IS A SOCIETY DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE. THE SOCIETY IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SOCIETY FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE SOCIETY DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2025. HOWEVER, THE SOCIETY IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE SOCIETY FILES INFORMATIONAL RETURNS WITH BOTH THE UNITED STATES FEDERAL AND STATE OF NEW JERSEY JURISDICTIONS ON AN ANNUAL BASIS- FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FROM THE LATEST FILING DATE FOR FEDERAL AND FOR THE STATE OF NEW JERSEY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES 45,192. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES 45,192. NIGHT UNDER THE STARS 61321 16129 45192 45192 61321 16129 45192 45192 45192 0 X 1 N/A X 1 N/A X ARCHIVAL RECORDS 1 0 N/A 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE WITH COMMENTS PROVIDED BACK TO THE OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS PROVIDED TO THE FULL BOARD AT A LATER DATE FOR THEIR INFORMATION AND PROVIDED A VERY SHORT OPPORTUNITY TO COMMENT IF DESIRED. THEN THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HISTORICAL SOCIETY OF PRINCETON CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 HISTORICAL SOCIETY OF PRINCETON MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 354 QUAKER ROAD, PRINCETON, NJ 08540. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 354 QUAKER ROAD, PRINCETON, NJ 08540. FORM 990 PART XI, LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR.