2024-05-07T14:50:55-05:00 2023-06-30 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2022-07-01 223609233 COTTAGE 1886 FOUNDATION INC COTT 6099216137 51 PROSPECT AVENUE PRINCETON NJ 08540 WILLIAM M HARDT TREASURER 6099216137 2024-05-07 1 WILLIAM HARDT 999009999 0 AUDREY E KANDEL CPA P01980369 6096899700 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN MENDELSON 51 PROSPECT AVENUE PRINCETON NJ 08540 218624 0 X WWW.COTTAGECLUB.NET X 1998 NJ FOSTER, PROMOTE & SUPPORT CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL ACTIVITIES. 5 5 0 5 0 0 166735 48336 0 0 50945 58608 0 0 217680 106944 27781 56357 0 0 0 0 0 0 0 99855 298400 127636 354757 90044 -247813 1640261 1580672 312327 459810 1327934 1120862 X COTTAGE 1886 FOUNDATION, INC. (THE "FOUNDATION") WAS CREATED TO ESTABLISH, CONDUCT, MAINTAIN AND/OR SUPPORT UNDERTAKINGS AND ACTIVITIES THAT ARE EXCLUSIVELY CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL IN PURPOSE, INCL. PARTICULARLY, BUT WITHOUT LIMITATION, UNDERTAKINGS & ACTIVITIES INTENDED TO ENHANCE THE EDUCATION OF PRINCETON UNIVERSITY UNDERGRADUATE STUDENTS BELONGING TO THE UNIVERSITY COTTAGE CLUB (THE "CLUB") (A NJ NONPROFIT CORP.) AND THEIR GUESTS, SUCH AS LECTURE PROGRAMS, SEMINARS, CULTURAL EVENTS & THE ENHANCEMENT OF LIBRARY FACILITIES AND OTHER FACILITIES DIRECTLY RELATED TO EDUCATIONAL AND CULTURAL FUNCTIONS. OPERATIONS WERE EXPANDED TO INCLUDE THE RESTORATION AND PRESERVATION OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT STRUCTURE OWNED AND OCCUPIED BY THE CLUB AND TO EDUCATE THE GENERAL PUBLIC ABOUT THE HISTORY AND ARCHITECTURE OF THE BUILDING. DURING 1999, THE CLUB WAS ENTERED ONTO THE NJ REGISTER OF HISTORIC PLACES AND NATIONAL REGISTER OF HISTORIC PLACES. 0 0 274400 LECTURE PROGRAMS, SEMINARS, CULTURAL EVENTS AND THE ENHANCEMENT OF LIBRARY FACILITIES AND OTHER FACILITIES DIRECTLY RELATED TO EDUCATIONAL AND CULTURAL FUNCTIONS. THE RESTORATION AND PRESERVATION INCLUDES WORK TO PRESERVE, RESTORE AND REPAIR THE EXTERIOR OF THE BUILDING, THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT INTERIOR PUBLIC AREAS AND THE MAINTENANCE AND REPAIR OF THOSE BUILDING SYSTEMS AND STRUCTURAL COMPONENTS NECESSARY TO ENSURE PROPER MAINTENANCE OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT FEATURES OF THE BUILDING. 56357 56357 THE GLINKA SCHOLARSHIP FUND WAS ESTABLISHED BY THE CLUB'S ALUMNI AND IS DESIGNED TO MAKE GRANTS TO STUDENTS ON FINANCIAL AID AND/OR WITH EXTRAORDINARY FINANCIAL BURDENS. 330757 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X VALARIE J BAY 6099216137 51 PROSPECT AVENUE PRINCETON NJ 08540 X JOHN A MENDELSON CHAIRMAN 0.50 X X 0 0 0 WILLIAM M HARDT III TREASURER 0.50 X X 0 0 0 JAMES BLAIR TRUSTEE 0.50 X 0 0 0 O GRIFF SEXTON TRUSTEE 0.50 X 0 0 0 KIRK UNRUH TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 48336 48336 37041 37041 133247 111680 21567 21567 21567 106944 0 0 58608 56357 56357 24000 24000 1307 1307 62523 62523 29376 29376 CAPITAL IMPROVEMENTS 181194 181194 354757 330757 24000 0 74974 84063 49327 49133 1158 1186 20319 22774 1469483 1398516 25000 25000 1640261 1580672 195 1706 312132 458104 312327 459810 X 1041170 861905 286764 258957 1327934 1120862 1640261 1580672 -247813 40713 28 0 X X 0 1 X 1 0 X 87806 89329 100570 166735 48336 492776 87806 89329 100570 166735 48336 492776 50000 35000 28000 113000 0 50000 35000 28000 113000 379776 29162 29305 27419 28332 37041 151259 29162 29305 27419 28332 37041 151259 116968 118634 127989 195067 85377 644035 0.58970 0.67640 0.23490 0.18860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO UNIVERSITY COTTAGE CLUB 458104 458104 X 147657 40713 40713 106944 0 106944 354757 0 354757 0 354757 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 SCHOLARSHIPS 22 56357 PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS TO MEMBERS OF THE UNIVERSITY COTTAGE CLUB WHO DEMONSTRATE FINANCIAL NEED AND ARE IN GOOD ACADEMIC STANDING. EACH SPRING, THOSE MEMBERS WHO ARE ELIGIBLE FOR FINANCIAL AID FROM PRINCETON UNIVERSITY BUT WHO HAVE NOT HAD THE FULL AMOUNT OF THEIR NEED MET ARE INVITED TO APPLY FOR FOUNDATION'S SCHOLARSHIP PROGRAM. ONCE ALL APPLICATIONS HAVE BEEN RECEIVED, A COMITTEE THAT HAS BEEN ESTABLISHED WILL MEET TO EVALUATE THE APPLICATIONS AND DETERMINE THE AWARDEES AND APPROPRIATE AWARD AMOUNTS. DOCUMENTATION IN THE FORM OF MINUTES OF THIS MEETING ARE KEPT TO SUPPORT DECISIONS REGARDING AWARDEES AND SCHOLARSHIP AMOUNTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN IRC SECTION 6104(D). 990, PART XII, LINE 2C THE PROCESS FOR REVIEWING THE FOUNDATION'S FINANCIAL STATEMENTS AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM PRIOR YEAR.