Princeton University

Legal name: The Trustees of Princeton University

Nonprofit profile at a glance

EIN
210634501
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Princeton, NJ, USA
Phone
6092583080
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute

Official website

Reported finances

Revenue
$3,208,577,000
Expenses
$3,196,203,000
Assets
$45,858,792,000
Liabilities
$7,745,874,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

66 people listed

Executive titles in this filing

  • Christopher Eisgruber (PRESIDENT)
  • Catherine Callow-Wright (Executive Vice President)
  • Chad Klaus (vice president for university services)
  • Daren Hubbard (Vice President for Information Technology and CIO)
  • Gadi Dechter (vice president for communications and government affairs)
  • Hilary Parker (Vice President and Secretary)

Highest reported compensation

  • Vincent Tuohey (President of PRINCO): $4,722,776 total reported compensation
  • Jonathan Erickson (managing director of PRINCO): $2,953,681 total reported compensation
  • Tae Kyoon Kim (managing director of PRINCO): $2,654,521 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

In Service of Humanity—Princeton University is a community of scholarship and learning in service to humanity. Every employee has the opportunity to make an impact supporting our mission of teaching and research. Faculty and Academic Positions Link is external Staff Positions Link is external. Politics and Princeton School of Public and International Affairs Lee’s research on Congressional politics and policymaking helps the public and scholars understand and address pressing issues in American democracy. Agustin Fuentes sitting. Equal Opportunity and Non-discrimination at Princeton University:** Princeton University believes that commitment to equal opportunity for all is favorable to the free and open exchange of ideas, and the University seeks to reach out as widely as possible in order to attract the most qualified individuals as students, faculty, and staff. In applying this...

What it reported doing in 2024

Auxiliary activities-princeton university furnishes services to the campus community including housing, dining, and conference and event services to approximately 9,000 students, 1,300 faculty, 6,700 staff, as well as the public. One of princeton's defining characteristics is its small, residential community that offers a wealth of academic, extracurricular and campus life opportunities for students. Nearly all of the university's undergraduates and 70 percent of graduate students live on campus. The university also offers a variety of housing and dining programs for faculty and staff.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 85
  • Accountability: 94
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.3%; rating input score 93
  • Program expense ratio: 87.5%; rating input score 87
  • Fundraising efficiency: $22.78 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Pass
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 55th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 89.2%; rating input score 89; 37th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.4%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 14.35; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 45th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 93.3% of revenue deployed · 87.5% of spending went to programs
  • Governance: 33 of 37 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.8B in reported program spending
  • Leadership: top reported pay $4.7M · 66 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $37.5M reported
  • Consistency: 48 of 48 current checks pass
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 75 filed money-flow records
  • Related organizations: 75 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 34/100.