Nonprofit · EIN 23-2726687
PENN CLUB OF NEW YORK INC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,562,013 | $13,152,740 | $2,409,273 | $28,448,135 | $8,194,436 | $20,253,699 |
| June 30, 2024 | 990 | $14,714,812 | $12,560,122 | $2,154,690 | $25,414,029 | $8,948,617 | $16,465,412 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,674,939
- Investment income
- $614,181
- Net gain from sales of assets
- -$364,461
- Net income from sales of inventory
- $8,272,893
- Other revenue
- $8,272,893
Expenses
- Grants and similar amounts paid
- $36,250
- Compensation of officers, directors and key employees
- $910,918
- Other salaries and wages
- $6,070,191
- Salaries, compensation and benefits (total)
- $9,268,100
- Professional fundraising fees
- $0
- Legal fees
- $39,867
- Accounting fees
- $44,050
- Occupancy
- $1,032,553
- Travel
- $12,393
- Depreciation
- $202,393
Balance sheet and other
- Total assets, start of year
- $25,414,029
- Total assets, end of year
- $28,448,135
- Total liabilities, end of year
- $8,194,436
- Net assets, end of year
- $20,253,699
- Land, buildings and equipment
- $2,952,525
- Publicly traded securities
- $1,649,612
- Net assets without donor restrictions
- $20,253,699
- Gross unrelated business income
- $2,184,313
- Gross receipts
- $19,768,833
- Employees
- 118
- Volunteers
- 25
- Year formed
- 1993
- State of legal domicile
- NY
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 | Other / benefits |
|---|---|---|---|---|
| KEVIN O'BRIEN | GENERAL MANAGER Key employee | 40 | $448,693 | $58,100 |
| PING NAN | COMPTROLLER Key employee | 40 | $346,025 | $58,100 |
| HEBA ELSHINALY | ASSISTANT GENERAL MANAGER Highest-paid employee | 40 | $216,755 | $42,682 |
| JENNIFER GREGORIOU | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $168,297 | $37,259 |
| JOSE ACOSTA | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $184,930 | $7,556 |
| CHARLES KHERLY | FORMER EXECUTIVE CHEF Highest-paid employee | 40 | $181,966 | $0 |
| JENNIFER PALENCIA | CATERING DIRECTOR Highest-paid employee | 40 | $139,923 | $11,985 |
| E JUDD COHEN | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| BRIAN CARGO | VICE-PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| GERALD KRORR | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| LAUREN HEDVAT | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ALVIN SHOEMAKER | HONORARY CHAIRMAN Trustee or director | 3 | $0 | $0 |
| SARAH MIGLIORE | HOUSE CHAIR Trustee or director | 3 | $0 | $0 |
| JACLYN RYAN | MEMBERSHIP CHAIR Trustee or director | 3 | $0 | $0 |
| CAROLINE WAXLER | PROGRAM CHAIR Trustee or director | 3 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHAN CHIU | YOUNG ALUMNI CHAIR Trustee or director | 3 | $0 |
| LE-ELLEN SPELMAN DOTY | BOARD MEMBER Trustee or director | 3 | $0 |
| JAMES HUSSON | BOARD MEMBER Trustee or director | 3 | $0 |
| MARK DINGFIELD | BOARD MEMBER Trustee or director | 3 | $0 |
| LISA M ALDISERT | BOARD MEMBER Trustee or director | 3 | $0 |
| KENNETH BECK | BOARD MEMBER Trustee or director | 3 | $0 |
| LISA FRENZ | BOARD MEMBER Trustee or director | 3 | $0 |
| CHARLES GILLMAN | BOARD MEMBER Trustee or director | 3 | $0 |
| CLAIRE GORDON | BOARD MEMBER Trustee or director | 3 | $0 |
| DANIEL HOROWITZ | BOARD MEMBER Trustee or director | 3 | $0 |
| SARAH JONES | BOARD MEMBER Trustee or director | 3 | $0 |
| CHRISTOPHER LASALA | BOARD MEMBER Trustee or director | 3 | $0 |
| PETER I MINTON | BOARD MEMBER Trustee or director | 3 | $0 |
| CHRIS SHOEMAKER | BOARD MEMBER Trustee or director | 3 | $0 |
| GARY VURA | BOARD MEMBER Trustee or director | 3 | $0 |
| SETH WEINBERG | BOARD MEMBER Trustee or director | 3 | $0 |
| LAUREN DAVIDSON SACHS | IMMEDIATE PAST-PRESIDENT Trustee or director | 3 | $0 |
| SUSAN MARX | PAST PRESIDENT Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN O'BRIEN | GENERAL MANAGER Key employee | 40 | $376,200 | $31,200 |
| PING NAN | COMPTROLLER Key employee | 40 | $338,400 | $43,200 |
| HEBA ELSHINALY | ASSISTANT GENERAL MANAGER Highest-paid employee | 40 | $205,600 | $32,500 |
| HERB WILSON | FORMER EXECUTIVE CHEF Highest-paid employee | 40 | $185,700 | $7,600 |
| JOSE ACOSTA | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $175,100 | $18,200 |
| JENNIFER GREGORIOU | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $150,700 | $32,000 |
| JENNIFER PALENCIA | CATERING DIRECTOR Highest-paid employee | 40 | $123,700 | $0 |
| LAUREN DAVIDSON SACHS | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| E JUDD COHEN | VICE-PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| GERALD KNORR | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| PETER MINTON | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ALVIN SHOEMAKER | HONORARY CHAIRMAN Trustee or director | 3 | $0 | $0 |
| SARAH MIGLIORE | HOUSE CHAIR Trustee or director | 3 | $0 | $0 |
| BRIAN CARGO | MEMBERSHIP CHAIR Trustee or director | 3 | $0 | $0 |
| CAROLINE WAXLER | PROGRAM CHAIR Trustee or director | 3 | $0 | $0 |
| KOLADE LAWAL | YOUNG ALUMNI CHAIR Trustee or director | 3 | $0 | $0 |
| SUSAN MARX | IMMEDIATE PAST-PRESIDENT Trustee or director | 3 | $0 | $0 |
| LE-ELLEN SPELMAN DOTY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARK DINGFIELD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JAMES HUSSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 W 44TH ST, NEW YORK, NY 10036-6604
- In care of
- % NABIL FAHMY
- Principal officer (990 for 2024)
- GERALD KNORR, 30 WEST 44TH STREET, NEW YORK, NY 10036
- Signed the 990
- GERALD KNORR, TREASURER
- Phone
- (212) 403-6617
- Website
- WWW.PENNCLUB.ORG
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
THE PENN CLUB OF NEW YORK HAS BEEN ESTABLISHED TO ENCOURAGE AND CULTIVATE FREE INTERCHANGE, SOCIAL ACTIVITY AND GOOD FELLOWSHIP AMONG ALUMNI, FACULTY, STAFF, STUDENTS AND FRIENDS OF THE UNIVERSITY OF PENNSYLVANIA AND TO ASSIST AND PROMOTE THE INTERESTS OF THE UNIVERSITY IN THE NEW YORK CITY AREA. THE CLUB IS INTENDED TO STRENGTHEN THE UNIVERSITY'S INFRASTRUCTURE FOR THE ALUMNI AFFAIRS AND FUNDRAISING ACTIVITIES, WHILE FURTHERING THE UNIVERSITY'S EDUCATIONAL MISSION.
Program accomplishments
- TAX EXEMPT CLUB 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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2726687
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $28,448,135
- Income (IRS master file)
- $19,768,833
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,562,013 | $13,152,740 | $28,448,135 | XML |
| 990 | June 2024 | $14,714,812 | $12,560,122 | $25,414,029 | XML |
| 990 | June 2023 | $13,096,195 | $11,128,105 | $22,294,144 | 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 23-2726687).
Questions about PENN CLUB OF NEW YORK INC
- What is the EIN of PENN CLUB OF NEW YORK INC?
- The employer identification number (EIN) of PENN CLUB OF NEW YORK INC is 23-2726687.
- Is PENN CLUB OF NEW YORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1994.
- Are donations to PENN CLUB OF NEW YORK INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PENN CLUB OF NEW YORK INC 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 PENN CLUB OF NEW YORK INC 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 PENN CLUB OF NEW YORK INC 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 PENN CLUB OF NEW YORK INC?
- The 990 for the year ended June 30, 2025 names GERALD KNORR.
- Who are the officers and directors of PENN CLUB OF NEW YORK INC?
- The 990 for the year ended June 30, 2025 lists 33 people; 7 received compensation from the organization, the highest $448,693 (KEVIN O'BRIEN, GENERAL MANAGER).
- How much revenue does PENN CLUB OF NEW YORK INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,562,013, expenses of $13,152,740 and total assets of $28,448,135 at year end.
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