TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202341359349302039 - Submission: 2023-05-15 TIN: 21-0634483

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

Princeton University Press

Employer identification number

21-0634483

Return Reference	Explanation
PART VI, SECTION B, LINE 11	THE AUDIT COMMITTEE WILL REVIEW THE FORM 990, MAKING THE ENTIRE BOARD AWARE OF ANY ISSUES AND ANSWERING ANY QUESTIONS. THE AUDIT COMMITTEE APPROVES THE FORM 990 AND PROVIDES THE BOARD A COPY OF THE FORM 990 PRIOR TO ITS SUBMISSION.
PART VI, SECTION B, LINE 12	EFFECTIVE SEPTEMBER 1, 2009, ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND, ON AN ANNUAL BASIS, SUBMIT A STATEMENT OF COMPLIANCE AFFIRMATION. THIS PROCESS IS MONITORED REGULARLY BY THE ORGANIZATION'S DIRECTOR AS WELL AS CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE EXECUTIVE COMMITTEE.
PART VI, SECTION B, LINE 15	COMPENSATION FOR THE DIRECTOR AND ASSOCIATE DIRECTOR IS DETERMINED BY THE JOINT AGREEMENT OF THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE EXECUTIVE COMMITTEE. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITIONS UTILIZING INDUSTRY SPECIFIC REPORTS AND OTHER STUDIES. DURING THESE DELIBERATIONS, INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, PROFESSIONAL ADVISORS, AND OTHER INFORMED COMMUNITY LEADERS IS CONSIDERED. THE BOARD CHAIR NOTIFIES THE DIRECTOR TO DISCUSS AND DOCUMENT STRENGTHS, WEAKNESSES, AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR BOTH THE DIRECTOR AND ASSOCIATE DIRECTOR FOR EACH YEAR IS COMMUNICATED AND DOCUMENTED. THE KEY EMPLOYEES SALARY INCREASES ARE DETERMINED BY THE DIRECTOR AND ASSOCIATE DIRECTOR/CHIEF FINANCIAL OFFICER, USING THE SALARY INCREASE GUIDELINES IN THE ANNUAL BUDGET THAT IS APPROVED BY THE BOARD.
PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
PART XI, LINE 9	AMORTIZATION OF POST-RETIREMENT BENEFIT PLAN GAIN: $177,734 FOREIGN CURRENCY EXCHANGE (LOSS): ($363,902) CUMMULATIVE TRANSLATION ADJUSTMENT: ($2,936) ---------- TOTAL TO PART XI LINE 9: ($189,104)

Return Reference

Explanation

PART VI, SECTION B, LINE 11

THE AUDIT COMMITTEE WILL REVIEW THE FORM 990, MAKING THE ENTIRE BOARD AWARE OF ANY ISSUES AND ANSWERING ANY QUESTIONS. THE AUDIT COMMITTEE APPROVES THE FORM 990 AND PROVIDES THE BOARD A COPY OF THE FORM 990 PRIOR TO ITS SUBMISSION.

PART VI, SECTION B, LINE 12

EFFECTIVE SEPTEMBER 1, 2009, ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND, ON AN ANNUAL BASIS, SUBMIT A STATEMENT OF COMPLIANCE AFFIRMATION. THIS PROCESS IS MONITORED REGULARLY BY THE ORGANIZATION'S DIRECTOR AS WELL AS CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE EXECUTIVE COMMITTEE.

PART VI, SECTION B, LINE 15

COMPENSATION FOR THE DIRECTOR AND ASSOCIATE DIRECTOR IS DETERMINED BY THE JOINT AGREEMENT OF THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE EXECUTIVE COMMITTEE. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITIONS UTILIZING INDUSTRY SPECIFIC REPORTS AND OTHER STUDIES. DURING THESE DELIBERATIONS, INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, PROFESSIONAL ADVISORS, AND OTHER INFORMED COMMUNITY LEADERS IS CONSIDERED. THE BOARD CHAIR NOTIFIES THE DIRECTOR TO DISCUSS AND DOCUMENT STRENGTHS, WEAKNESSES, AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR BOTH THE DIRECTOR AND ASSOCIATE DIRECTOR FOR EACH YEAR IS COMMUNICATED AND DOCUMENTED. THE KEY EMPLOYEES SALARY INCREASES ARE DETERMINED BY THE DIRECTOR AND ASSOCIATE DIRECTOR/CHIEF FINANCIAL OFFICER, USING THE SALARY INCREASE GUIDELINES IN THE ANNUAL BUDGET THAT IS APPROVED BY THE BOARD.

PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

PART XI, LINE 9

AMORTIZATION OF POST-RETIREMENT BENEFIT PLAN GAIN: $177,734 FOREIGN CURRENCY EXCHANGE (LOSS): ($363,902) CUMMULATIVE TRANSLATION ADJUSTMENT: ($2,936) ---------- TOTAL TO PART XI LINE 9: ($189,104)

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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