Nonprofit · EIN 22-6075964
PRINCETON PROSPECT FOUNDATION
Tax-exempt · PRINCETON, NJ 08542
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,945,885 | $2,538,800 | $407,085 | $9,622,381 | $45 | $9,622,336 |
| June 30, 2024 | 990 | $4,554,362 | $1,118,871 | $3,435,491 | $8,986,645 | $17 | $8,986,628 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,593,989
- Membership dues
- $21,000
- Program service revenue
- $0
- Investment income
- $345,416
- Other revenue
- $6,480
Expenses
- Grants and similar amounts paid
- $2,490,490
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $16,650
- Program services (functional)
- $2,491,130
- Management and general (functional)
- $47,670
Balance sheet and other
- Total assets, start of year
- $8,986,645
- Total assets, end of year
- $9,622,381
- Total liabilities, end of year
- $45
- Net assets, end of year
- $9,622,336
- Publicly traded securities
- $1,836,510
- Net assets without donor restrictions
- $37,950
- Net assets with donor restrictions
- $9,584,386
- Gross receipts
- $2,945,885
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1959
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALARIE BAY | COMPTROLLER Trustee or director | 5 | $7,200 |
| TIMOTHY BURMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| GRAHAM HARRISON | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| ANDREA RABITZ | TRUSTEE Trustee or director | 1 | $0 |
| LEXY SARSTEDT | TRUSTEE Trustee or director | 1 | $0 |
| BILL GOLDEN | TRUSTEE Trustee or director | 1 | $0 |
| KARL PETTIT | TRUSTEE Trustee or director | 1 | $0 |
| DOUG RUBIN | TREASURER Trustee or director, Officer | 1 | $0 |
| CORBIN MILLER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ADI RAJAGOPALAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALARIE BAY | TREASURER Trustee or director, Officer | 5 | $6,842 |
| TIMOTHY BURMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| GRAHAM HARRISON | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| ANDREA RABITZ | TRUSTEE Trustee or director | 1 | $0 |
| BRYAN BLOUNT | TRUSTEE Trustee or director | 1 | $0 |
| BILL GOLDEN | TRUSTEE Trustee or director | 1 | $0 |
| KARL PETTIT | TRUSTEE Trustee or director | 1 | $0 |
| DOUG RUBIN | TRUSTEE Trustee or director | 1 | $0 |
| CORBIN MILLER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ADI RAJAGOPALAN | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 15, PRINCETON, NJ 08542-0015
- Principal officer (990 for 2024)
- GRAHAM A HARRISON, PO BOX 15, PRINCETON, NJ 085420015
- Signed the 990
- GRAHAM A HARRISON, CHAIRMAN
- Phone
- (609) 258-1380
- Return prepared by
- KLATZKIN & COMPANY LLP
Mission
TO FACILITATE THE HISTORIC PRESERVATION OF PRINCETON EATING CLUBS AND TO FURTHER THE EDUCATION OF STUDENTS BELONGING TO THE CLUBS.
Program accomplishments
- THE ORGANIZATION'S PURPOSES ARE (A) TO FACILITATE THE PRESERVATION AND RESTORATION OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDINGS OWNED AND OCCUPIED BY PRINCETON UNIVERSITY EATING CLUBS AND TO EDUCATE THE GENERAL PUBLIC ABOUT THE HISTORY AND ARCHITECTURE OF THE BUILDINGS AND (B) TO FURTHER THE EDUCATION OF STUDENTS BELONGING TO THE CLUBS.Expenses $2,491,130 · grants $2,490,490
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-6075964
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1961
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $9,622,381
- Income (IRS master file)
- $2,945,885
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,945,885 | $2,538,800 | $9,622,381 | XML |
| 990 | June 2024 | $4,554,362 | $1,118,871 | $8,986,645 | XML |
| 990 | June 2023 | $2,482,323 | $194,637 | $5,407,576 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 22-6075964).
Questions about PRINCETON PROSPECT FOUNDATION
- What is the EIN of PRINCETON PROSPECT FOUNDATION?
- The employer identification number (EIN) of PRINCETON PROSPECT FOUNDATION is 22-6075964.
- Is PRINCETON PROSPECT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to PRINCETON PROSPECT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRINCETON PROSPECT FOUNDATION 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 PROSPECT FOUNDATION 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 PROSPECT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PRINCETON PROSPECT FOUNDATION?
- The 990 for the year ended June 30, 2025 names GRAHAM A HARRISON.
- Who are the officers and directors of PRINCETON PROSPECT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $7,200 (VALARIE BAY, COMPTROLLER).
- How much revenue does PRINCETON PROSPECT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,945,885, expenses of $2,538,800 and total assets of $9,622,381 at year end.
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