Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1961.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
98 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
10 people listed on the 990; $7K paid to officers and key staff (Part VII, Section A).
Valarie Bay’s $7K as Comptroller is at the 2nd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Valarie Bay | $7,200 | $6,842 | $6,621 | $5,648 | $6,599 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Princeton Prospect Foundation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Preserves the historic architecture and heritage of Princeton eating clubs.
Questions for Princeton Prospect Foundation
Your first name shows with your question. Princeton Prospect Foundation answers here, for everyone.
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…
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-6075964) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.9M | $7.3M |
| InvestmentsLn 11–13 | $2.1M | $2.3M |
| Total assetsLn 16 | $9.0M | $9.6M |
| LiabilitiesLn 26 | $17 | $45 |
| Net assetsLn 32 | $9.0M | $9.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $2.5M | $2.5M | ||
| Management feesLn 11a | $7K | $7K | ||
| Accounting feesLn 11c | $17K | $17K | ||
| Office expensesLn 13 | $22K | $22K | ||
| InsuranceLn 23 | $450 | $450 | ||
| Other expenses (24a–d)Ln 24 | $3K | $640 | $2K | |
| Total functional expensesLn 25 | $2.5M | $2.5M | $48K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Dec 19, 2025 | $2.9M | $2.5M | $407K | $9.6M | 990 PDF |
| FY2024Filed with the IRS Dec 17, 2024 | $4.6M | $1.1M | $3.4M | $9.0M | 990 PDF |
| FY2023Filed with the IRS Nov 17, 2023 | $2.5M | $195K | $2.3M | $5.4M | 990 PDF |
| FY2022Filed with the IRS Nov 8, 2022 | $865K | $393K | $472K | $3.0M | 990 PDF |
| FY2021Filed with the IRS Nov 9, 2021 | $521K | $688K | −$166K | $2.8M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $2,945,885 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 2 to look at
Part VIII · Statement of revenue $2,945,885 across 7 lines filed
Part IX · Statement of functional expenses $2,538,800 across 6 lines filed
Part X · Balance sheet $9,622,381 assets, 11 lines filed
Part XI · Reconciliation of net assets $9,622,336 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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