Nonprofit · EIN 22-1944189
PRINCETON TERRACE CLUB
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $1,759,130 | $1,562,292 | $196,838 | $3,160,457 | $1,920 | $3,158,537 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $34,242
- Program service revenue
- $1,707,005
- Investment income
- $17,883
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $481,316
- Salaries, compensation and benefits (total)
- $616,949
- Professional fundraising fees
- $0
- Accounting fees
- $6,850
- Occupancy
- $255,809
Balance sheet and other
- Total assets, start of year
- $2,964,187
- Total assets, end of year
- $3,160,457
- Total liabilities, end of year
- $1,920
- Net assets, end of year
- $3,158,537
- Land, buildings and equipment
- $1,800,000
- Net assets without donor restrictions
- $3,158,537
- Gross unrelated business income
- $17,883
- Gross receipts
- $1,759,130
- Employees
- 41
- Volunteers
- 0
- Year formed
- 1904
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE KREBS | CLUB MANAGER Highest-paid employee | 40 | $135,125 | $42,084 |
| STEVE FEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW CHONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARIELLE DEBIRA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROB WHITAKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AKIL ALLEYNE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRISTAN SCHRADER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JUSTIN GERALD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW KINACI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNY KORN | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JASMINE JEFFERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LUCIA PERASSO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIA NATALIA CHEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ABIGAIL KALMBACH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JON STRASSFELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARIANA VERA | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTINE YOUNG | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 62 WASHINGTON RD, PRINCETON, NJ 08540-6409
- Principal officer (990 for 2023)
- ANDREW KINACI, 62 WASHINGTON ROAD, PRINCETON, NJ 08540
- Signed the 990
- ANDREW KINACI, CHAIR, BOARD OF GOVERNORS
- Phone
- (609) 258-1380
- Return prepared by
- KLATZKIN & COMPANY LLP
Mission
OPERATION OF AN UNDERGRADUATE EATING CLUB.
Program accomplishments
- OPERATION OF AN UPPER CLASS UNDERGRADUATE EATING CLUB AS PART OF THE TOTAL "PRINCETON EXPERIENCE" ACCORDED TO SUCH STUDENTS. IN ADDITION TO BEING A DINING FACILITY, THE CLUB PROVIDES FACILITIES FOR STUDY AND RESEARCH, INTERACTION WITH FACULTY IN A SOCIAL ENVIRONMENT, PARTICIPATION IN INTRAMURAL SPORTS, AND OTHER SOCIAL ACTIVITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1944189
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $3,160,457
- Income (IRS master file)
- $1,759,130
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $1,759,130 | $1,562,292 | $3,160,457 | XML |
| 990 | June 2023 | $1,372,912 | $1,331,137 | $2,964,187 | IRS |
| 990 | June 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1944189).
Questions about PRINCETON TERRACE CLUB
- What is the EIN of PRINCETON TERRACE CLUB?
- The employer identification number (EIN) of PRINCETON TERRACE CLUB is 22-1944189.
- Is PRINCETON TERRACE CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1942.
- Are donations to PRINCETON TERRACE CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PRINCETON TERRACE CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRINCETON TERRACE CLUB due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRINCETON TERRACE CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of PRINCETON TERRACE CLUB?
- The 990 for the year ended June 30, 2024 names ANDREW KINACI.
- Who are the officers and directors of PRINCETON TERRACE CLUB?
- The 990 for the year ended June 30, 2024 lists 17 people; 1 received compensation from the organization, the highest $135,125 (STEVE KREBS, CLUB MANAGER).
- How much revenue does PRINCETON TERRACE CLUB have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $1,759,130, expenses of $1,562,292 and total assets of $3,160,457 at year end.
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