Civic Intelligence

The Drumthwacket Foundation Inc

EIN 22-2429563 • 501(c)3 • Princeton, NJ

Profile

To inspire pride and enhance civic awareness for all new jerseyans by restoring the historic drumthwacket property, the official residence on nj governors, and by educational activities that recognize the rich diversity and ongoing contributions of new jersey's communities and it's residents.

354 Stockton StreetPrinceton, NJ 08540

www.drumthwacket.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.06x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.25x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

65th percentile

9.9%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

118%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$10,553,095

Up $953,446 (+9.9%) from 2023

Liabilities

Up

$675,081

Up $14,792 (+2.2%) from 2023

Net Assets

Up

$9,878,014

Up $938,654 (+11%) from 2023

Revenue

Up

$2,664,942

Up $1,444,214 (+118%) from 2023

Expenses

Up

$1,806,869

Up $641,248 (+55%) from 2023

Net Income

Up

$858,073

Up $802,966 (+1457%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $3,481,146Liabilities 2010: $22,806Net Assets 2010: $3,458,3402010Assets 2011: $3,541,065Liabilities 2011: $29,759Net Assets 2011: $3,511,3062011Assets 2012: $3,824,003Liabilities 2012: $25,194Net Assets 2012: $3,798,8092012Assets 2013: $4,150,102Liabilities 2013: $40,745Net Assets 2013: $4,109,3572013Assets 2014: $4,375,045Liabilities 2014: $27,751Net Assets 2014: $4,347,2942014Assets 2015: $4,221,755Liabilities 2015: $17,251Net Assets 2015: $4,204,5042015Assets 2016: $4,061,483Liabilities 2016: $21,068Net Assets 2016: $4,040,4152016Assets 2017: $4,358,720Liabilities 2017: $39,294Net Assets 2017: $4,319,4262017Assets 2018: $4,943,781Liabilities 2018: $60,819Net Assets 2018: $4,882,9622018Assets 2019: $6,857,525Liabilities 2019: $70,224Net Assets 2019: $6,787,3012019Assets 2020: $7,882,414Liabilities 2020: $72,721Net Assets 2020: $7,809,6932020Assets 2021: $8,243,350Liabilities 2021: $95,123Net Assets 2021: $8,148,2272021Assets 2022: $9,425,733Liabilities 2022: $652,934Net Assets 2022: $8,772,7992022Assets 2023: $9,599,649Liabilities 2023: $660,289Net Assets 2023: $8,939,3602023Assets 2024: $10,553,095Liabilities 2024: $675,081Net Assets 2024: $9,878,0142024

Highlighted filing

2024

Assets$10,553,095
Liabilities$675,081
Net Assets$9,878,014

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $889,546Expenses 2010: $406,876Net Income 2010: $482,6702010Revenue 2011: $1,055,934Expenses 2011: $1,002,968Net Income 2011: $52,9662011Expenses 2012: $600,9022012Revenue 2013: $926,896Expenses 2013: $616,348Net Income 2013: $310,5482013Revenue 2014: $823,620Expenses 2014: $570,430Net Income 2014: $253,1902014Revenue 2015: $623,484Expenses 2015: $691,227Net Income 2015: -$67,7432015Revenue 2016: $458,247Expenses 2016: $687,368Net Income 2016: -$229,1212016Revenue 2017: $804,835Expenses 2017: $594,599Net Income 2017: $210,2362017Revenue 2018: $1,373,677Expenses 2018: $646,130Net Income 2018: $727,5472018Revenue 2019: $2,506,073Expenses 2019: $722,620Net Income 2019: $1,783,4532019Revenue 2020: $1,563,838Expenses 2020: $594,363Net Income 2020: $969,4752020Revenue 2021: $1,166,541Expenses 2021: $856,728Net Income 2021: $309,8132021Revenue 2022: $1,353,816Expenses 2022: $920,030Net Income 2022: $433,7862022Revenue 2023: $1,220,728Expenses 2023: $1,165,621Net Income 2023: $55,1072023Revenue 2024: $2,664,942Expenses 2024: $1,806,869Net Income 2024: $858,0732024

Highlighted filing

2024

Revenue$2,664,942
Expenses$1,806,869
Net Income$858,073

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.6$0.68$9.88$2.66$1.81$0.86
2023Detailed filing. Detailed filing data is available for this year.$9.60$0.66$8.94$1.22$1.17$0.06
2022Detailed filing. Detailed filing data is available for this year.$9.43$0.65$8.77$1.35$0.92$0.43
2021Detailed filing. Detailed filing data is available for this year.$8.24$0.10$8.15$1.17$0.86$0.31
2020Detailed filing. Detailed filing data is available for this year.$7.88$0.07$7.81$1.56$0.59$0.97
2019Detailed filing. Detailed filing data is available for this year.$6.86$0.07$6.79$2.51$0.72$1.78
2018Detailed filing. Detailed filing data is available for this year.$4.94$0.06$4.88$1.37$0.65$0.73
2017Detailed filing. Detailed filing data is available for this year.$4.36$0.04$4.32$0.80$0.59$0.21
2016Detailed filing. Detailed filing data is available for this year.$4.06$0.02$4.04$0.46$0.69$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.22$0.02$4.20$0.62$0.69$0.07
2014Detailed filing. Detailed filing data is available for this year.$4.38$0.03$4.35$0.82$0.57$0.25
2013Detailed filing. Detailed filing data is available for this year.$4.15$0.04$4.11$0.93$0.62$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.03$3.80$0.60
2011Summary only. Only limited summary data is available for this year.$3.54$0.03$3.51$1.06$1.00$0.05
2010Summary only. Only limited summary data is available for this year.$3.48$0.02$3.46$0.89$0.41$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.1
Gross Receipts
$2,664,942
Mission and Program Overview

Mission

The mission of the organization is to act as curator of public rooms, preserver of history and manager of loans, gifts and acquisitions for the official residence of the governor of new jersey.

To inspire pride and enhance civic awareness for all new jerseyans by restoring the historic drumthwacket property, the official residence on nj governors, and by educational activities that recognize the rich diversity and ongoing contributions of new jersey's communities and it's residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,685,895$5,491,227▼ $194,668
Investments Other Securities$1,590,394$1,778,102▲ $187,708
Cash and Non-Interest-Bearing Accounts$1,916,827$1,612,196▼ $304,631
Pledges and Grants Receivable$122,000$118,000▼ $4,000
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$9,599,649$10,553,095▲ $953,446
Other Assets Total$284,533$1,553,570▲ $1,269,037
Liabilities
Other Liabilities$623,468$621,351▼ $2,117
Accounts Payable and Accrued Expenses$36,821$53,730▲ $16,909
Total Liabilities$660,289$675,081▲ $14,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,817,360$9,785,014▲ $967,654
Net Assets With Donor Restrictions$122,000$93,000▼ $29,000
Total Net Assets Fund Balance$8,939,360$9,878,014▲ $938,654
Total Liabilities and Net Assets / Fund Balance$9,599,649$10,553,095▲ $953,446

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,290,503$2,407,131$4,697,634
Other Land Buildings$3,200,724$317,705$3,518,429
Other Assets Org$2--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robyn BrennerExecutive DirectorFT$140,690$12,000$152,690

Highest Paid Contractors

ContractorServicesLocationCompensation
Jefri Strategies LLCConsulting25 SNYDER ROAD, Englewood Cliffs, NJ 07632$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,554,234
Program Service Revenue
$0
Investment Income
$107,321
Other Revenue
$3,387
All Other Contributions
$1,131,479
Change in Net Assets
$858,073

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$858,382Fair Market Value (FMV)
Other Non Cash Contri Table$12,865Fair Market Value (FMV)
Other Non Cash Contri Table$4,596Fair Market Value (FMV)
Other Non Cash Contri Table$1,077Fair Market Value (FMV)
Total Noncash Contributions$876,920-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,664,942
Total Revenue per Audited Statements
$2,664,942
Total Revenue per Form 990
$2,664,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,516,911
Salaries, Compensation, and Employee Benefits$169,958
Total Fundraising Expense$131,897
Professional Fundraising Fees$120,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$194,668--$194,668
Current Officers, Directors, Trustees, and Key Employees$119,097$22,904$10,689$152,690
Fees for Services Professional Fundraising--$120,000$120,000
Insurance$30,810--$30,810
All Other Expenses$11,594$3,947-$15,541
Fees for Services Other$14,500--$14,500
Payroll Taxes$9,897$1,903$888$12,688
Information Technology-$12,596-$12,596
Other Expenses$44,506$11,213-$11,213
Fees for Services Accounting$5,996--$5,996
Office Expenses-$5,163-$5,163
Pension Plan Contributions$3,573$687$320$4,580
Total Functional Expenses$1,616,559$58,413$131,897$1,806,869

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,806,869
Total Expenses per Audited Statements$1,806,869
Total Expenses per Form 990$1,806,869
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$120,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Collection Items$613,500
Operating Lease Liability$7,851
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the organization's finance committee,and goes to the entire board before filing.

Form 990, Part VI, Section B, Line 12C

All trustees must sign board approved conflict of interest statements on an annual basis. Compliance with the policy is monitored and enforced by the board's governance committee.

Form 990, Part VI, Section B, Line 15A

The compensation of the executive director is determined by the board of trustees based upon an annual performance review and compensation surveys for similarly sized and types of non profit organizations.

Form 990, Part VI, Section B, Line 15B

The compensation of other officers or key employees would be determined by the board of trustees based upon an annual performance review and compensation surveys for similarly sized and types of non profit organizations.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Drumthwacket Foundation Inc
EIN
22-2429563
Phone
6096830057
Address
354 STOCKTON STREET, PRINCETON, NJ 08540

Signing Officer

Name
Thomas J Angell
Title
Treasurer
Signed
2025-06-24
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Nj
Voting Board Members
24
Independent Board Members
24
Employees
1
Volunteers
44

Preparer

Firm
Samuel Klein and Company
Address
550 BROAD ST STE 11, NEWARK, NJ 07102
Preparer
Bruce W Michel
Phone
9736246100
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

NJ Map

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The organization's colletions include books, fine arts, and antique furnitures. Drumthwacket provides educational tours for the public and school children, which highlight the history and architecture of the site in addition to its colletions.

Part X : FIN48 Footnote

PART X LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. uNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED DECEMBER 31,2024 AND 2023. THE ORGANIZATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE OFFICE OF THE STATE'S ATTORNEY GENERAL FOR THE STATE OF NEW JERSEY. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2022.

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