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Penn Club Of New York Inc

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$13.1M (2023)

Expenses
$11.1M (2023)

Total Assets
$22.3M (2023)

Total Liabilities
$8.23M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,096,195
Expenses
$11,128,105
Net Income
$1,968,090
Net Assets
$14,067,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,468,144
41.8%
Investment Income $691,441
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$157,534
Net Inventory Sales $7,094,144
54.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $601,115
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $5,490,095
49.3%
Assets/Debt
Total Assets $22,294,144
Total Liabilities $8,226,645
Net Assets $14,067,499
Club or Co-Op Income
Initiation Fees & Contributions $843,256
Income From Public Use of Club Facilities $1,752,837
Compensation
Key Employees and Officers Compensation Related Other
Martin Badinelli (Formal General Manager) $274,315 $0 $65,200
Ping Nan (Comptroller) $232,200 $0 $29,400
Heba Elshinaly (Assistant General Manager) $208,800 $0 $26,700
Herb Wilson (Executive Chef) $167,100 $0 $11,600
Antonio Kantos (Main Dining Room Manager) $166,300 $0 $26,150
Jose Acosta (Director Of Engineering) $159,800 $0 $28,600
Jennifer Gregoriou (Director Of Membership) $135,100 $0 $16,800
Lauren Davidson Sachs (President) $0 $0 $0
E Judd Cohen (Vice President) $0 $0 $0
Gerald Krorr (Treasurer) $0 $0 $0
Peter Minton (Secretary) $0 $0 $0
Alvin Shoemaker (Honorary Chairman) $0 $0 $0
Sarah Migliore (House Chair) $0 $0 $0
Brian Cargo (Membership Chair) $0 $0 $0
Caroline Waxler (Program Chair) $0 $0 $0
Lolafe Lawal (Young Alumni Chair) $0 $0 $0
Susan Marx (Immediate Past President) $0 $0 $0
Le Ellen Spelman Doty (Board Member) $0 $0 $0
Mark Dingfield (Board Member) $0 $0 $0
James Husson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,020,324
Expenses
$8,432,183
Net Income
$588,141
Net Assets
$12,438,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,054,933
45.0%
Investment Income $578,890
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $542,988
6.0%
Net Inventory Sales $3,525,361
39.1%
Other Revenue $318,152
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $653,593
7.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,713,439
44.0%
Assets/Debt
Total Assets $19,496,871
Total Liabilities $7,058,073
Net Assets $12,438,798
Club or Co-Op Income
Initiation Fees & Contributions $673,855
Income From Public Use of Club Facilities $1,027,490
Compensation
Key Employees and Officers Compensation Related Other
Martin Baldinelli (General Manager) $342,500 $0 $69,827
Nabil Fahmy (Comptroller) $309,500 $0 $52,534
Heba Elshinawy (Director Of Rooms) $167,700 $0 $18,346
Jose Acosta (Director Of Engineering) $138,900 $0 $26,743
Ping Nan (Assistant Comptroller) $131,100 $0 $29,125
Jennifer Gregoriou (Director Of Membership) $121,700 $0 $16,546
Markus Sponring (Sous Chef) $109,700 $0 $30,440
Lauren Davidson Sachs (President & Director) $0 $0 $0
Peter I Minton (Secretary & Director) $0 $0 $0
Gerald Knorr (Treasurer & Director) $0 $0 $0
E Judd Cohen (Vice President & Director) $0 $0 $0
John H Zeller (Director) $0 $0 $0
Russell Dileo (Director) $0 $0 $0
Le Ellen Spelman Doty (Director) $0 $0 $0
Brian Cargo (Director) $0 $0 $0
Caroline Waxler (Director) $0 $0 $0
Erik Hummel (Director) $0 $0 $0
Susan T Marx (Immediate Past President) $0 $0 $0
Sarah Migliore (House Chair & Director) $0 $0 $0
Alvin Shoemaker (Honorary Chairman & Direct) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,233,980
Expenses
$5,488,360
Net Income
-$1,254,380
Net Assets
$12,997,416
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,223,941
76.1%
Investment Income $543,022
12.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,151
Net Inventory Sales $75,480
1.8%
Other Revenue $395,688
9.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $640,473
11.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,819,077
33.1%
Assets/Debt
Total Assets $18,605,073
Total Liabilities $5,607,657
Net Assets $12,997,416
Club or Co-Op Income
Initiation Fees & Contributions $89,395
Income From Public Use of Club Facilities $79,349
Compensation
Key Employees and Officers Compensation Related Other
Nabil Fahmy (Comptroller) $336,575 $0 $48,281
Martin Baldinelli (General Manager) $282,667 $0 $60,960
Heba Elshinawy (Director Of Rooms) $158,781 $0 $16,448
Jose Acosta (Director Of Engineering) $139,006 $0 $25,619
Ping Nan (Assistant Comptroller) $132,261 $0 $8,649
Lauren Davidson Sachs (President & Director) $0 $0 $0
Peter I Minton (Secretary & Director) $0 $0 $0
Gerald Knorr (Treasurer & Director) $0 $0 $0
E Judd Cohen (Vice President & Director) $0 $0 $0
John H Zeller (Director) $0 $0 $0
Maryfrances Mccourt (Director) $0 $0 $0
Le Ellen Spelman Doty (Director) $0 $0 $0
Brian Cargo (Director) $0 $0 $0
Caroline Waxler (Director) $0 $0 $0
Paul K Kelly (Director) $0 $0 $0
Erik Hummel (Director) $0 $0 $0
Christopher Lasala (House Chairman & Director) $0 $0 $0
Alvin Shoemaker (Honorary Chairman & Direct) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,134,765
Expenses
$9,037,238
Net Income
$97,527
Net Assets
$10,805,834
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,379,149
47.9%
Investment Income $458,406
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$96,440
Net Inventory Sales $4,393,650
48.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $635,763
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,805,253
42.1%
Assets/Debt
Total Assets $16,986,029
Total Liabilities $6,180,195
Net Assets $10,805,834
Club or Co-Op Income
Initiation Fees & Contributions $247,262
Income From Public Use of Club Facilities $1,201,100
Compensation
Key Employees and Officers Compensation Related Other
Nabil Fahmy (Comptroller) $509,360 $0 $42,137
Mark Jezierski (Former General Manager) $180,760 $0 $45,112
Jose Acosta (Director Of Engineering) $169,545 $0 $25,062
Ping Nan (Assistant Comptroller) $159,298 $0 $9,194
Daniel Digiacomo (Executive Chef) $149,685 $0 $24,247
Heba Elshinawy (Director Of Rooms) $133,906 $0 $14,553
Barbara Nevels (Director Of Catering) $123,253 $0 $29,548
Lauren Davidson Sachs (President & Director) $0 $0 $0
Peter I Minton (Secretary & Director) $0 $0 $0
Gerald Knorr (Treasurer & Director) $0 $0 $0
E Judd Cohen (Vice President & Director) $0 $0 $0
John H Zeller (Director) $0 $0 $0
Maryfrances Mccourt (Director) $0 $0 $0
John C Hover Ii (Director) $0 $0 $0
Le Ellen Spelman Doty (Director) $0 $0 $0
Brian Cargo (Director) $0 $0 $0
Jaya Hathaway (Director) $0 $0 $0
Paul K Kelly (Director) $0 $0 $0
Erik Hummel (Director) $0 $0 $0
Christopher Lasala (House Chairman & Director) $0 $0 $0
Alvin Shoemaker (Honorary Chairman & Direct) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,711,318
Expenses
$10,809,253
Net Income
$902,065
Net Assets
$10,749,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,642,929
39.6%
Investment Income $433,318
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $164,308
1.4%
Net Inventory Sales $6,470,763
55.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $794,391
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,837,926
44.8%
Assets/Debt
Total Assets $16,074,621
Total Liabilities $5,324,718
Net Assets $10,749,903
Club or Co-Op Income
Initiation Fees & Contributions $270,262
Income From Public Use of Club Facilities $1,632,169
Compensation
Key Employees and Officers Compensation Related Other
Nabil Fahmy (Comptroller) $374,883 $0 $40,175
Mark Jezierski (General Manager) $325,772 $0 $53,561
Ping Nan (Assistant Comptroller) $151,516 $0 $8,808
Jose Acosta (Director Of Engineering) $140,317 $0 $26,929
Heba Elshinawy (Director Of Rooms) $135,509 $0 $23,142
Daniel Digiacomo (Executive Chef) $131,792 $0 $26,484
Antonio Kontos (Restaurant Manager) $111,311 $0 $25,467
Lauren Davidson Sachs (President & Director) $0 $0 $0
Peter I Minton (Secretary & Director) $0 $0 $0
Gerald Knorr (Treasurer & Director) $0 $0 $0
E Judd Cohen (Vice President & Director) $0 $0 $0
John H Zeller (Director) $0 $0 $0
Maryfrances Mccourt (Director) $0 $0 $0
John C Hover Ii (Director) $0 $0 $0
Le Ellen Spelman Doty (Director) $0 $0 $0
Daniel Horowitz (Director) $0 $0 $0
Dara A Cook (Director) $0 $0 $0
Paul K Kelly (Director) $0 $0 $0
Sarah Jones (Director) $0 $0 $0
Christopher Lasala (House Chairman & Director) $0 $0 $0
Alvin Shoemaker (Honorary Chairman & Direct) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,776,007
Expenses
$10,806,393
Net Income
$969,614
Net Assets
$9,842,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,684,554
39.8%
Investment Income $380,232
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $69,907
0.6%
Net Inventory Sales $6,641,314
56.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $737,015
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $5,082,410
47.0%
Assets/Debt
Total Assets $15,540,243
Total Liabilities $5,697,875
Net Assets $9,842,368
Club or Co-Op Income
Initiation Fees & Contributions $293,472
Income From Public Use of Club Facilities $1,656,943

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,362,801
Expenses
$10,240,788
Net Income
$122,013
Net Assets
$8,303,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,825,545
36.9%
Investment Income $309,364
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $72,326
0.7%
Net Inventory Sales $6,155,566
59.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $689,726
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $4,669,030
45.6%
Assets/Debt
Total Assets $13,261,823
Total Liabilities $4,958,022
Net Assets $8,303,801
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,825,238
Expenses
$9,825,118
Net Income
$120
Net Assets
$7,566,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,660,793
37.3%
Investment Income $25,766
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $442,099
4.5%
Net Inventory Sales $5,696,580
58.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $323,292
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,770,921
48.6%
Assets/Debt
Total Assets $11,838,914
Total Liabilities $4,272,028
Net Assets $7,566,886
Club or Co-Op Income
Initiation Fees & Contributions $183,177
Income From Public Use of Club Facilities $1,384,364

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,217,689
Expenses
$10,025,614
Net Income
$192,075
Net Assets
$8,133,108
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,739,020
36.6%
Investment Income $33,405
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $522,089
5.1%
Net Inventory Sales $5,923,175
58.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $348,479
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,879,406
48.7%
Assets/Debt
Total Assets $12,609,849
Total Liabilities $4,476,741
Net Assets $8,133,108
Club or Co-Op Income
Initiation Fees & Contributions $258,609
Income From Public Use of Club Facilities $1,425,950

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,976,685
Expenses
$9,669,659
Net Income
$307,026
Net Assets
$8,006,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,600,552
36.1%
Investment Income $54,622
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $426,192
4.3%
Net Inventory Sales $5,895,319
59.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $183,760
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,934,067
51.0%
Assets/Debt
Total Assets $12,409,356
Total Liabilities $4,402,735
Net Assets $8,006,621
Club or Co-Op Income
Initiation Fees & Contributions $260,009
Income From Public Use of Club Facilities $1,394,760

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,363,906
Expenses
$9,408,151
Net Income
-$44,245
Net Assets
$7,146,630
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,471,540
37.1%
Investment Income $82,317
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $309,530
3.3%
Net Inventory Sales $5,500,519
58.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $660,072
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,285,052
45.5%
Assets/Debt
Total Assets $11,172,337
Total Liabilities $4,025,707
Net Assets $7,146,630
Club or Co-Op Income
Initiation Fees & Contributions $192,653
Income From Public Use of Club Facilities $1,330,015

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,310,476
Expenses
$9,298,346
Net Income
$12,130
Net Assets
$6,784,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,423,112
36.8%
Investment Income $105,949
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $199,250
2.1%
Net Inventory Sales $5,582,165
60.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $310,373
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,659,870
50.1%
Assets/Debt
Total Assets $11,094,641
Total Liabilities $4,309,908
Net Assets $6,784,733
Club or Co-Op Income
Initiation Fees & Contributions $165,330
Income From Public Use of Club Facilities $1,334,477

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,124,280
Expenses
$9,113,137
Net Income
$11,143
Net Assets
$6,909,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,330,458
36.5%
Investment Income $193,278
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $137,499
1.5%
Net Inventory Sales $5,463,045
59.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $294,062
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,454,917
48.9%
Assets/Debt
Total Assets $11,037,489
Total Liabilities $4,127,640
Net Assets $6,909,849
Club or Co-Op Income
Initiation Fees & Contributions $144,500
Income From Public Use of Club Facilities $1,321,063

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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