2023-11-08T21:37:28-06:00 2023-06-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-07-01 232726687 THE PENN CLUB OF NEW YORK INC PENN 2124036617 30 WEST 44TH STREET NEW YORK NY 10036 GERALD KNORR TREASURER 2124036617 2023-10-25 1 GERALD KNORR 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GERALD KNORR 30 WEST 44TH STREET NEW YORK NY 10036 24498793 0 X WWW.PENNCLUB.ORG X 1993 NY THE PURPOSE OF THE PENN CLUB OF NEW YORK, INC. (THE "CLUB") IS TO ENCOURAGE AND STIMULATE ALUMNI INTERACTION AND CATER TO THE NEEDS OF THE ALUMNI. 13 13 118 13 1997704 561017 0 0 4054933 5468144 1121878 533907 3843513 7094144 9020324 13096195 0 0 0 0 5444367 7902585 0 0 0 2987816 3225520 8432183 11128105 588141 1968090 19496871 22294144 7058073 8226645 12438798 14067499 X 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. 0 0 TAX EXEMPT CLUB ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 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 1 11 0 1 118 1 1 1 0 0 0 0 843256 1752837 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X PING NAN CO THE CLUB 2124036617 30 WEST 44TH STREET NEW YORK NY 10036 X LAUREN DAVIDSON SACHS PRESIDENT 3.00 X X 0 0 0 E JUDD COHEN VICE-PRESIDENT 3.00 X X 0 0 0 GERALD KRORR TREASURER 3.00 X X 0 0 0 PETER MINTON SECRETARY 3.00 X X 0 0 0 ALVIN SHOEMAKER HONORARY CHAIRMAN 3.00 X 0 0 0 SARAH MIGLIORE HOUSE CHAIR 3.00 X 0 0 0 BRIAN CARGO MEMBERSHIP CHAIR 3.00 X 0 0 0 CAROLINE WAXLER PROGRAM CHAIR 3.00 X 0 0 0 LOLAFE LAWAL YOUNG ALUMNI CHAIR 3.00 X 0 0 0 SUSAN MARX IMMEDIATE PAST-PRESIDENT 3.00 X 0 0 0 LE-ELLEN SPELMAN DOTY BOARD MEMBER 3.00 X 0 0 0 MARK DINGFIELD BOARD MEMBER 3.00 X 0 0 0 JAMES HUSSON BOARD MEMBER 3.00 X 0 0 0 MARTIN BADINELLI FORMAL GENERAL MANAGER 40.00 X 274315 0 65200 PING NAN COMPTROLLER 40.00 X 232200 0 29400 HEBA ELSHINALY ASSISTANT GENERAL MANAGER 40.00 X 208800 0 26700 HERB WILSON EXECUTIVE CHEF 40.00 X 167100 0 11600 ANTONIO KANTOS MAIN DINING ROOM MANAGER 40.00 X 166300 0 26150 JOSE ACOSTA DIRECTOR OF ENGINEERING 40.00 X 159800 0 28600 JENNIFER GREGORIOU DIRECTOR OF MEMBERSHIP 40.00 X 135100 0 16800 1343615 0 204450 11 0 1 0 0 MEMBERSHIP DUES 900099 4624888 4624888 INITIATION FEES 900099 843256 843256 5468144 691441 634823 56618 10243620 10401154 -157534 -157534 -157534 8095588 1001444 7094144 5573729 1520415 13096195 11041873 1997704 56618 601115 5490095 338941 962525 509909 23578 42081 538526 180217 17634 887395 5786 34672 37500 142551 UNRELATED BUS. INC. TAX 395100 GENERAL HOUSE EXPENSES 419293 ROOM OPERATIONS 254298 FOOD & BEV OPERATIONS 160719 86170 11128105 1660113 1099818 1503820 4040417 1270419 1550733 57476 72522 465565 530550 3279581 2014688 1342167 1264893 1393272 1531066 11804039 12204145 19496871 22294144 1054551 1417389 4016363 5083970 1987159 1725286 7058073 8226645 X 12438798 14067499 12438798 14067499 19496871 22294144 1968090 -339389 0 X 0 1 X 1 0 1365989 379718 986271 1913592 1634970 278622 1264893 US EQUITIES 1028678 C INTERNATIONAL EQUITIES 835832 C EMERGING MARKETS EQUITIES 900737 C REAL ESTATE DEBT 1677329 C ABSOLUTE RETURN DEBT 2754887 C PRIVATE EQUITY DEBT 5006682 C 12204145 TAXES PAYABLE AND ACCRUED 225286 LONG-TERM DEBT 1500000 1725286 16634380 -339389 3565740 1001444 4227795 12406585 689610 689610 13096195 15005679 3565740 1001444 4567184 10438495 689610 689610 11128105 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,001,444. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP OF SERVICE CHARGE 689,610. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,001,444. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP OF WAGES 689,610. X 0 0 0 MARTIN BADINELLI FORMAL GENERAL MANAGER 214315 0 60000 0 0 0 22700 0 42500 0 339515 0 0 0 PING NAN COMPTROLLER 182200 0 50000 0 0 0 9400 0 20000 0 261600 0 0 0 HEBA ELSHINALY ASSISTANT GENERAL MANAGER 178800 0 30000 0 0 0 15100 0 11600 0 235500 0 0 0 ANTONIO KANTOS MAIN DINING ROOM MANAGER 163800 0 2500 0 0 0 4800 0 21350 0 192450 0 0 0 JOSE ACOSTA DIRECTOR OF ENGINEERING 144800 0 15000 0 0 0 6600 0 22000 0 188400 0 0 0 HERB WILSON EXECUTIVE CHEF 167100 0 0 0 0 0 0 0 11600 0 178700 0 0 0 JENNIFER GREGORIOU DIRECTOR OF MEMBERSHIP 125100 0 10000 0 0 0 5400 0 11400 0 151900 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE PENN CLUB OF NEW YORK, INC. WAS INCORPORATED AS A MEMBERSHIP CLUB. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS A PRIVATE SOCIAL CLUB WHOSE MEMBERS ELECT THE BOARD OF DIRECTORS EVERY EVEN-NUMBERED YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE SENT TO THE FINANCE COMMITTEE AND THEN TO THE PRESIDENT FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB REQUIRES ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES TO DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT REVIEWS THE SALARIES AND COMPENSATION FOR THE TOP MANAGEMENT AND APPROVES ANY INCREASES. THE GENERAL MANAGER REVIEWS SALARIES AND COMPENSATION OF OTHER EMPLOYEES. BONUSES ARE APPROVED BY THE PRESIDENT STRICTLY BASED ON PERFORMANCE AS WELL AS SALARY SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.