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THE PENN CLUB OF NEW YORK INC

NEW YORK, NY · EIN 232726687 · Form 990 · FY2024 · Large ($10M-$50M) · pennclub.org
revenue
$15.6M
expenses
$13.2M
net assets
$20.3M
employees
118
volunteers
25
mission · from form 990

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.

profile · synthesized from sources

The Penn Club of New York is a private social club for alumni of the University of Pennsylvania, providing members with access to reciprocal clubs across the United States and internationally. The club facilitates alumni interaction through membership benefits, including dining, lodging, and social privileges at partner clubs. Members can obtain letters of introduction via a mobile app to access these reciprocal arrangements.

named programs · 1 · from sources

What they call their work

Reciprocal Club Access Program
Enables Penn Club members to visit over 250 reciprocal clubs across the U.S. and internationally by providing letters of introduction through a mobile app; access includes dining and social privileges, subject to host club rules.
activities · 8 groups

What they do

  • Reciprocal Club Access Program 1 activity
    • Facilitate global reciprocal club access
      Members receive access to more than 180 reciprocal private clubs across the U.S. and internationally, supported by unlimited, no-cost letters of introduction issued annually by the club.
  • Event Venue Rental Services 1 activity
    • Host private events and meetings for members
      The club hosts private events including meetings, fundraisers, reunions, weddings, and business forums for groups ranging from 2 to 250 attendees. It offers six banquet and meeting rooms, professional catering, and event planning services, with spaces like the Main Dining Room, Grill Room, and Presidents and Provosts Room available for member-hosted events and receptions.
  • Member-Focused Fitness and Wellness Facilities 1 activity
    • Offer fitness, wellness, and recreational facilities
      The club operates a fitness center available to members and overnight guests, along with massage services and classic board games such as Scrabble, Chess, Checkers, and Backgammon. These amenities support wellness and leisure activities within the clubhouse.
  • Organized Member Social Events 1 activity
    • Organize social, networking, and educational programs
      The club organizes monthly social and networking events, including career development lectures, panel discussions, book club luncheons, food and beverage tastings, culinary feasts, theater packages, and city walking and gallery tours. Two complimentary all-you-can-eat-and-drink events are hosted annually for members.
  • Organizational Newsletter Production and Distribution 1 activity
    • Produce communications for members
      The club produces and distributes a weekly email newsletter with announcements, event updates, and RSVP reminders, and publishes a monthly e-magazine featuring upcoming events, club news, and photos from past gatherings.
  • Public Access to Digital and Physical Library Collections 1 activity
    • Provide business and library services
      The Benjamin Franklin Library operates 24/7 and offers members computer and WiFi access, a circulating book collection, major daily newspapers, reciprocal club publications, and classic board games. The business center supports professional needs with workspace and connectivity.
  • Guest Lodging for Members and Affiliates 1 activity
    • Provide overnight accommodations for members and guests
      The club operates 39 guest rooms organized around Penn-themed floors, available at discounted rates to members, their guests, and reciprocal club members visiting New York. Rooms are part of a 13-floor clubhouse and include amenities such as complimentary access to the Palestra Fitness Center, in-room massage treatments, and laundry/dry cleaning services.
  • Uncategorized 2 activities
    • Conduct membership outreach and tours
      The club offers in-person tours of the clubhouse for eligible candidates on Mondays, Wednesdays, and Fridays, lasting 15–20 minutes, as well as virtual tours for those unable to visit in person, to support membership recruitment and orientation.
    • Operate private membership club for University of Pennsylvania alumni
      The Penn Club of New York provides a private membership club environment for University of Pennsylvania affiliates, offering a permanent gathering space in midtown Manhattan to network, connect, and access exclusive benefits. Membership requires qualification, with applications processed within approximately two weeks, and includes initiation fees and annual dues pro-rated based on enrollment month aligned with a July 1–June 30 fiscal year.
financials · form 990 · fy2024
revenue
Total revenue$15.56M
Contributions & grants$00%
Program service revenue$6.67M43%
Investment income$614K4%
Other revenue$8.27M
expenses
Total expenses$13.15M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$9.27M
Grants paid out$36K
Largest expense lineCompensation
balance sheet
Total assets$28.45M
Cash$5.56M
Investments$17.24M
Liabilities$8.19M
Net assets$20.25M
Liquid reserves20.8 mo
4 years on record · 2020–2024 · YoY revenue +5.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 7
NameTitleHours/wkCompensation
KEVIN O'BRIEN GENERAL MANAGER 40 $507K
PING NAN COMPTROLLER 40 $404K
HEBA ELSHINALY ASSISTANT GENERAL MANAGER 40 $259K
JENNIFER GREGORIOU DIRECTOR OF MEMBERSHIP 40 $206K
JOSE ACOSTA DIRECTOR OF ENGINEERING 40 $192K
CHARLES KHERLY FORMER EXECUTIVE CHEF 40 $182K
JENNIFER PALENCIA CATERING DIRECTOR 40 $152K
board members · 18
  • ALVIN SHOEMAKER — HONORARY CHAIRMAN
  • BRIAN CARGO — VICE-PRESIDENT
  • CAROLINE WAXLER — PROGRAM CHAIR
  • CHARLES GILLMAN — BOARD MEMBER
  • CHRIS SHOEMAKER — BOARD MEMBER
  • CHRISTOPHER LASALA — BOARD MEMBER
  • CLAIRE GORDON — BOARD MEMBER
  • DANIEL HOROWITZ — BOARD MEMBER
  • E JUDD COHEN — PRESIDENT
  • GARY VURA — BOARD MEMBER
  • GERALD KRORR — TREASURER
  • JACLYN RYAN — MEMBERSHIP CHAIR
  • JAMES HUSSON — BOARD MEMBER
  • KENNETH BECK — BOARD MEMBER
  • LAUREN DAVIDSON SACHS — IMMEDIATE PAST-PRESIDENT
  • LAUREN HEDVAT — SECRETARY
  • LE-ELLEN SPELMAN DOTY — BOARD MEMBER
  • LISA FRENZ — BOARD MEMBER
relationships · 74

Who they work with

  • Century Club of Syracuse Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Columbia University Partner — Collaborates through shared networking events with Ivy League clubs in New York City.
  • Cornell Club of New York Partner — Collaborates with the Cornell Club to enable member networking and social interaction.
  • Cornell University Partner — Collaborates through shared networking events with Ivy League clubs in New York City.
  • Cosmos Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Cushman and Wakefield Partner — Assisted the Penn Club trustees in acquiring the building at 30 West 44th Street through a two-year real estate effort.
  • Detroit Athletic Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Engineers Country Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Genesee Valley Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Harvard Club of New York Partner — Collaborates with the Harvard Club to enable member networking and social interaction.
  • Harvard University Partner — Collaborates through shared networking events with Ivy League clubs in New York City.
  • HeadBox Partner — Provides 3D virtual tour technology for the Penn Club of New York.
  • Jonathan Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Kenwood Golf and Country Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Key Biscayne Yacht Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Membership Department Partner — Department responsible for providing membership pricing information and handling membership inquiries.
  • Minneapolis Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Oahu Country Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Ocean Reef Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Olympic Club Ocean Partner — Reciprocal club allowing Penn Club members access under its house rules; does not include golf access.
  • Outrigger Canoe Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Palestra Fitness Center Partner — Provides complimentary access to overnight guests of The Penn Club of New York.
  • Park Avenue Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Princeton University Partner — Collaborates through shared networking events with Ivy League clubs in New York City.
  • Reciprocal Clubs Network — Participates in a reciprocal club network allowing members access to other private clubs
  • River Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Saint Louis Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Salem Golf Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Sarasota Yacht Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
  • Stockbridge Golf Club Partner — Reciprocal club allowing Penn Club members access under its house rules.
+ 44 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Alumni-Centered Community Building
    methodology: alumni_community_building
    By restricting membership to University of Pennsylvania affiliates and creating a "home away from home" environment, the organization fosters belonging and sustained engagement among alumni, because shared institutional identity strengthens community cohesion and long-term loyalty.
  • Member-Driven Programming and Engagement
    methodology: member-centered_event_service
    By designing events, spaces, and services around member interests and needs—such as personalized event planning, interest-based programming, and elevated dining—the organization increases utilization and satisfaction, because member-centered experiences enhance perceived value and encourage ongoing participation.
  • Networked Alumni Engagement Model
    methodology: networking-community-building
    By facilitating networking within the Penn alumni body and with other Ivy League clubs, and by enabling reciprocal access to partner clubs, the organization strengthens professional and social connections, because expanded networks increase membership utility and reinforce the Club’s role as a lifelong hub for alumni relationship-building.
  • University-Alumni Institutional Bridge
    methodology: alumni-university engagement
    By fostering mutual understanding between Penn alumni in New York and the University, the organization strengthens institutional reputation and influence, because sustained alumni engagement translates into broader support, advocacy, and connection to the University’s mission.