Overview
What is The Penn Club Of New York Inc?
The Penn Club of New York is a nonprofit organization designed to foster connections and cater to the needs of University of Pennsylvania alumni. Based in New York City, the Club offers its members dining facilities, guest and meeting rooms, and exercise spaces within its leased premises. The organization's mission extends beyond social interaction, as it supports the interests of the University of Pennsylvania in the New York City area and strengthens the University's infrastructure for alumni affairs and fundraising activities, all while furthering the University's educational mission.
Official website here: www.pennclub.org
Is The Penn Club Of New York Inc legitimate?
The Penn Club Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Penn Club Of New York Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $789,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,664,940
For more financial information, click here
Official website here: www.pennclub.org
What is the mission statement of The Penn Club Of New York Inc?
The Penn Club of New York Inc is an organization dedicated to fostering interaction and catering to the needs of alumni, faculty, staff, students, and friends of the University of Pennsylvania. Its primary objective is to encourage free exchange of ideas, social activity, and good fellowship among its members. The club works towards strengthening the University's alumni affairs and fundraising activities, as well as promoting its educational mission. By providing a platform for engagement, it aims to assist the University's interests in the New York City area and ultimately contribute to its infrastructure.
Official website here: www.pennclub.org
What is the revenue of The Penn Club Of New York Inc?
The Penn Club Of New York Inc's revenue in 2024 was $14,714,812.
Official website here: www.pennclub.org
Who are the executives of The Penn Club Of New York Inc and what are their salaries?
The average compensation at The Penn Club Of New York Inc during 2024 was $58,672. There are 110 employees and 13 volunteers at The Penn Club Of New York Inc.
Here are 20 key members and their salaries:
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- Compensation: $175,100
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- Other: $18,200
Official website here: www.pennclub.org
Where can I find the form 990 for The Penn Club Of New York Inc?
The Penn Club Of New York Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pennclub.org
Learn more at the official website: www.pennclub.org
Mission Statement of The Penn Club Of New York Inc
The Penn Club of New York Inc, a vibrant organization established with the primary objective of fostering interactions amongst alumni, faculty, staff, students, and friends of the University of Pennsylvania, is dedicated to encouraging free exchange of ideas, social activity, and camaraderie. This esteemed club, whose mission reaches far beyond mere social engagements, aims to bolster the University's infrastructure for alumni affairs and fundraising initiatives. By strengthening these aspects, The Penn Club of New York Inc plays a pivotal role in furthering the educational mission of the University in the New York City area.
In essence, the Penn Club of New York Inc serves as a hub, connecting individuals associated with the University of Pennsylvania. Its purpose extends beyond mere networking opportunities; it is intended to be a platform that fosters meaningful relationships and interactions. Additionally, the club plays a crucial role in supporting and promoting the interests of the University in the New York City region. The club's efforts in this regard contribute significantly to the University's overall presence and influence in the area.
Through its activities, The Penn Club of New York Inc nurtures a sense of community and belonging among its members, encouraging them to remain engaged with their alma mater. This engagement not only benefits the individuals themselves but also contributes to the ongoing success of the University. By fostering a strong and active alumni network, the club plays an integral role in ensuring the University's educational mission continues to thrive.
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Impact
October, 2024
The Penn Club of New York Inc. plays a significant role in fostering community and connection among alumni of the University of Pennsylvania. By providing a dedicated space where alumni, faculty, staff, students, and friends of the university can engage, the Club nurtures meaningful relationships and collaborative opportunities.
With amenities such as dining facilities, guest and meeting rooms, and exercise areas, the Club caters specifically to the needs of its members, promoting social interaction and good fellowship. Its initiatives strengthen the alumni network, enhance alumni engagement with the university, and support fundraising activities, ultimately furthering the educational mission of the University of Pennsylvania.
Through its activities, The Penn Club helps to maintain and cultivate a vibrant alumni community in New York City, ensuring that relationships established during college can continue to thrive long after graduation.
This information is meant to be a general summary of The Penn Club Of New York Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $899,170
- Program Service Revenue: $6,167,351
- Gross Receipts: $18,844,951
Assets and Liabilities:
- Total Assets: $22,294,144
- Total Liabilities: $8,226,645
- Net Assets: $14,067,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$5,488,504
INITIATION FEES
Revenue
$678,847
Organization Details
Founding Year
1993
Principal Officer
Gerald Knorr
Website
www.pennclub.orgNTEE Category
Code: B84 - Education
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