2018-05-11T12:50:10-05:00 2017-06-30 WITHUM SMITH BROWN PC 506 CARNEGIE CENTER STE 400 PRINCETON NJ 085406243 990 2016-07-01 210634483 Princeton University Press % SCOT KUEHM PRIN 6092584900 41 William Street Princeton NJ 08540 CHRISTIE HENRY secretary 6092584900 2017-11-15 true CARL H DOBES P00635925 6095201188 2016 2022-09-23 18:48:47Z CHRISTIE HENRY 41 WILLIAM STREET PRINCETON NJ 08540 30395808 false X HTTP://PRESS.PRINCETON.EDU X 1905 NJ Brings scholarly ideas to the world. Publish books for scholars, students and serious readers everywhere to connect authors and readers to advance and enrich conversation. 15 5 149 15 0 496964 0 1987447 918820 5804613 31369 15823670 17623702 24112694 18573891 31300 30550 0 0 11997247 12356317 0 0 0 8943430 11280807 20971977 23667674 3140717 -5093783 145326721 101749670 8792178 8727661 136534543 93022009 X OUR FUNDAMENTAL MISSION IS TO bring scholarly ideas to the world. We publish books that connect authors and readers across spheres of knowledge to advance and enrich the human conversation. We embrace the highest standards in our publishing as embodied in the work of our authors from Albert Einstein in our earliest years to the present. In keeping with Princeton Universitys commitment to serve the nation and the world, we publish for scholars, students, and serious readers everywhere. false false 16408158 30550 18461964 Princeton University Press (PUP) seeks to publish the innovative works of the greatest minds in Academia, from the most respected senior scholar to the extraordinarily promising graduate students in each of the disciplines in which we publish. PUP consciously acquires a collection of titles - a coherent "list" of books from each discipline, providing focus, continuity, and a basis for development of future publications. Since PUP's inception in 1905, they have published many influential, "field-defining" award winning books. PUP currently has 8,221 titles in print and publishes over 330 titles annually. PUP serves more than 3,900 customers, wholesale and retail, including college bookstores throughout all regions of the country. 16408158 true false false false false false false false false true true false true false true true true true false true true false false false false false false false false true false false false true false false true false false false false false true true false true false true 4004 0 true 149 true false true UK false false false false false false false false X 15 5 false false false false true true false true true false false true true true true true true true true false X SCOT KUEHM 6092588602 41 WILLIAM ST PRINCETON NJ 085405237 DRAKE MCFEELY CHAIRMAN 4.0 0.0 X X 0 0 0 CHRISTOPHER L EISGRUBER VICE CHAIR 4.0 40.0 X X 102 876296 48624 PETER DOUGHERTY SECRETARY 40.0 0.0 X X 410091 0 16104 YOUNGSUK CHI TRUSTEE 4.0 0.0 X 200 0 0 JOSHUA KATZ TRUSTEE 4.0 40.0 X 200 233613 38231 LINDA STEINMAN TRUSTEE 4.0 0.0 X 0 0 0 JEREMY ADELMAN TRUSTEE 4.0 40.0 X 3695 301122 43559 NAOMI LEONARD TRUSTEE 4.0 40.0 X 1400 300429 49073 ANDREA SCHULZ TRUSTEE 4.0 0.0 X 200 0 0 MELISSA LANE TRUSTEE 4.0 40.0 X 1900 348941 48995 CAROLYN AINSLIE TREASURER 4.0 40.0 X X 0 515232 51173 ELDAR SHAFIR TRUSTEE 4.0 40.0 X 3379 345870 48623 JILL DOLAN TRUSTEE 4.0 40.0 X 50 387677 43964 SIMON GIKANDI TRUSTEE 4.0 40.0 X 1144 358129 51296 ANNE JARVIS TRUSTEE 4.0 40.0 X 0 80347 17337 ELIZABETH WIDDICOMBE TRUSTEE 4.0 0.0 X 4200 0 0 AL BERTRAND ASSOC PUBL DIR/EDITOR IN CHIEF 40.0 0.0 X 216402 0 21527 SCOT KUEHM ASSOC. DIRECTOR/CFO 40.0 0.0 X 278444 0 38819 ADAM FORTGANG ASSIST.DIRECTOR/MARKET. DIR 40.0 0.0 X 220987 0 14800 NEIL LITT ASST DIR., DIR. EDITING&DESIGN 40.0 0.0 X 163627 0 15077 BRIGITTA VANRHEINBERG ASST. DIR/DIR OF GLOBAL DEV 40.0 0.0 X 175700 0 21308 DENNIS LANGLOIS CHIEF INFORMATION OFFICER 40.0 0.0 X 192737 0 7764 JAMES JORDAN DIRECTOR OF FINANCE OPERATIONS 40.0 0.0 X 156443 0 21308 1830901 3747656 597582 13 false true false MAPLE PRESS COMPANY PO BOX 12892 PHILADELPHIA PA 191760892 PRINTING/BINDING 2368898 SHERIDAN BOOKS 613 EAST INDUSTRIAL DRIVE CHELSEA MI 48118 PRINTING/BINDING 1330387 UNIVERSITY PRESS GROUP UNIT 3 1 OLDLANDS WAY BOGNOR REGIS ENGLAND UK P0229SA MKTG/PROMO SERVICES 848227 CA INSTITUTE OF TECHNOLOGY DIV OF HUM SOC SCI AT CALTECH 228 PASADENA CA 91125 EINSTEIN PAPERS PROJ 656000 FISH PARTNERSHIP THE MILL HOUSE BOUNDARY RD LOUDWATER HIGH WYCOMBE, BUC UK HP10 9QN ACCOUNTING SERVICES 593396 27 X 0 ROYALTIES 511130 498991 498991 RIGHTS 511130 24389 24389 PERMISSION FEES 511130 320652 320652 BOOK CLUB 511130 4482 4482 MISCELLANEOUS INCOME 511130 70306 70306 918820 31369 31369 0 0 124629 44071 80558 0 80558 80558 0 0 0 0 0 0 0 29263809 11777846 17485963 17485963 OTHER INCOME 900099 57181 57181 57181 18573891 18461964 111927 30550 30550 0 0 0 2005253 672793 1332460 0 7222938 5035444 2187494 749198 66729 682469 1759478 1297330 462148 619450 403173 216277 0 218179 34939 183240 103223 103223 0 0 0 556140 341625 214515 1336197 1336197 973916 850411 123505 842051 310067 531984 0 467610 467610 632090 471417 160673 0 44250 6728 37522 25691 25691 0 183687 183687 99370 99370 FULFILLMENT SERVICES 2137251 2137251 EINSTEIN PAPERS PROJECT PROD 1656471 1656471 COPY EDITING AND DESIGN 579201 579201 INTERNATIONAL SALE CONSORTIUM 361979 361979 1063501 815853 247648 23667674 16408158 7259516 0 X 1394548 -139169 1831346 3278852 0 0 3840806 3802312 555337 555337 0 0 0 0 4430783 5173690 4719356 5289236 11062677 7149962 4023295 3912715 0 0 0 0 116104602 77703692 0 0 8426648 2173005 145326721 101749670 2656606 2460395 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6135572 6267266 8792178 8727661 X 115288064 70255461 0 0 21246479 22766548 136534543 93022009 145326721 101749670 X -5093783 5378636 -43779546 -17841 X false true X true false X X 1 TRUSTEES OF PRINCETON UNIVERSITY 210634501 2 true 251968 0 1 251968 true false false false false false false false false false false false false false false true false 100157782 -35093760 4652233 60411789 103786140 1374469 5002827 100157782 96144095 11917956 4275911 103786140 84055417 16160964 4072287 96144094 79011576 8922214 3878373 84055417 0.62310 0.37690 false true true 574597 574597 0 6479942 2648629 3831313 0 0 4008138 3926736 81402 3912715 PRINCETON UNIV. PRIMARY POOL 77703692 F 77703692 0 ROYALTIES PAYABLE 4164573 SUBSIDIES APPLICABLE TO FUTURE 1404076 POST RETIREMENT/MAJOR MEDICAL 698617 6267266 X 35612891 5378636 11819370 17198006 18414885 159006 159006 18573891 35345879 11837211 11837211 23508668 159006 159006 23667674 SCHEDULE D, PART V, LINE 4 PERMANENTLY RESTRICTED NET ASSETS: THE EINSTEIN ENDOWMENT FUND WAS ESTABLISHED TO HELP FINANCE CERTAIN FUTURE COSTS OF THE ALBERT EINSTEIN PUBLICATION PROGRAM. BOARD DESIGNATED, UNRESTRICTED ENDOWMENTS: The Whitney Darrow Fund was established from funds distributed by Princeton University formerly held to support the Bollingen Series of books. This fund is unrestricted and has been designated by the Board to be used to help finance books and other publications which are not otherwise self-supporting as well as other projects which enhance the quality of the Press' publishing program. The McGraw Fund was established to help finance books and other publications of a scholarly and educational nature which are not otherwise self-supporting. The McGraw Fund was established through grants given by the former Chairman of the Board of Trustees. The Scribner Fund was established to help finance the cost of capital additions which must be made to carry out the publication program of the Press. The Johnson Letters Fund was established to help finance the future costs of the publication of the letters of Dr. Samuel Johnson. SCHEDULE D, PART V, LINE 3A(II) PUP'S ENDOWMENT FUNDS ARE HELD AND ADMINISTERED BY PRINCETON UNIVERSITY, WHICH IS A RELATED PARTY (SEE SCHEDULE R). THE ENDOWMENT FUNDS ARE INVESTED IN PRINCETON UNIVERSITY'S PRIMARY POOLS. SCHEDULE D, PART XI, LINE 2D Cost of good sold $11,777,846, Amortization of postretirement benefit plan cumulative gain: $41,524; TOTAL: $11,819,370 SCHEDULE D, PART XI, LINE 4B Net rental income netted with financial statement expenses: $80,558, Bank charges netted with financial statement other income: $52,757, Interest expense $25,691; TOTAL: $159,006 SCHEDULE D, PART XII, LINE 4B net rental income netted with financial statement expenses: $80,558, Bank charges netted with financial statement other income: $52,757, Interest expense $25,691; TOTAL: $159,006 SCHEDULE D, PART X, LINE 2 The Press is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and under current New Jersey tax statutes. Income derived from sources unrelated to the Press' tax-exempt status is not significant, and accordingly, no provision for income taxes has been provided. The Press files tax returns in the United States federal jurisdiction and complies with filing requirements in various states. The press had no unrecognized tax benefits at June 30, 2017 and 2016. In addition, the Press has no income tax related penalties or interest for the periods reported in the financial statements. SCHEDULE D, PART XII, LINE 2D Cost of good sold $11,777,846, Foreign Currency Loss $59,365; TOTAL: $11,837,211 Europe (Including Iceland and Greenland) 1 12 Program Services EDITORIAL/PUBLICITY 982200 East Asia and the Pacific 1 1 Program Services MKTG & BUSINESS DEV 201174 2 13 2 13 1183374 1183374 false false true false false false X X true false false false false false false true false CHRISTOPHER L EISGRUBER VICE CHAIR 0 793724 0 0 102 82572 0 32996 0 15628 102 924920 0 0 PETER DOUGHERTY SECRETARY 351360 0 50000 0 8731 0 0 0 16104 0 426195 0 0 0 JOSHUA KATZ TRUSTEE 0 180488 0 0 200 53125 0 27667 0 10564 200 271844 0 0 ADAM FORTGANG ASSIST.DIRECTOR/MARKET. 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DIRECTOR/CFO 226863 0 50000 0 1581 0 0 0 38819 0 317263 0 0 0 CAROLYN AINSLIE TREASURER 0 473894 0 0 0 41338 0 32995 0 18178 0 566405 0 0 ELDAR SHAFIR TRUSTEE 0 266264 0 0 3379 79606 0 32995 0 15628 3379 394493 0 0 DENNIS LANGLOIS CHIEF INFORMATION OFFICER 167173 0 25000 0 564 0 0 0 7764 0 200501 0 0 0 JILL DOLAN TRUSTEE 0 353634 0 0 50 34043 0 32996 0 10968 50 431641 0 0 SIMON GIKANDI TRUSTEE 0 259571 0 0 1144 98558 0 32995 0 18301 1144 409425 0 0 JAMES JORDAN DIRECTOR OF FINANCE OPERATIONS 130424 0 25000 0 1019 0 0 0 21308 0 177751 0 0 0 PART 1, LINE 7 NON-FIXED PAYMENTS INCLUDE ANNUAL PERFORMANCE BASED BONUSES. AL BERTRAND KEY EMPLOYEE MORTGAGE X 576000 555337 false true true 555337 Karen Fortgang Wife of key employee 65300 Employee/Payroll false 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 NOT INCLUDED ON TAX RETURN: $41,524, FOREIGN CURRENCY EXCHANGE LOSS NOT INCLUDED ON TAX RETURN: $(59,365): TOTAL $(17,841) PART XI, LINE 8 Prior Period Adjustment: During the year ended June 30, 2017, Princeton University performed a review of investments included in the Universitys managed investment pool. As a result, it was determined that the Paul Mellon Fund, historically recorded as an investment of Princeton University Press, was actually gifted to Princeton University and is recorded on the universitys financial statements and thus, is not restricted to use by the Press, as previously thought. The Press will continue to receive earnings on a portion of the Paul Mellon Fund but the investment asset should not be recorded on the Press Statement of Financial Position. Accordingly, the Press has recorded a prior period adjustment in the amount of $43,779,546 to correct the investment balance. It is reported as an adjustment to beginning net assets on the Consolidated Statement of Activities and Changes in Net Assets for the year ended June 30, 2017. 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