Princeton Festival A Nj Non Profit
- Assets
- $0.0
- Revenue
- $438.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Princeton, NJ
- Founding
- 03/2005
- Data as of
- 07/2021
- EIN
- 20-1346989
Organization Overview
Princeton Festival A Nj Non Profit is located in Princeton, NJ. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Princeton Festival A NJ Non Profit employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Festival A NJ Non Profit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Princeton Festival A NJ Non Profit generated $438.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $966.0k during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE COMMUNITIES WE SERVE THROUGH A MULTI-DIMENSIONAL, WORLD-CLASS PERFORMING ARTS SUMMER FESTIVAL. WE CREATE PROGRAMS THAT EXCITE, INFORM, INSPIRE, AND INVITE DISCOVERY AND ENGAGEMENT AS WE ASPIRE TO BECOME A NATIONALLY RECOGNIZED ARTS DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A VARIETY OF PERFORMING ARTS PRODUCTIONS OF THE HIGHEST PROFESSIONAL QUALITY THROUGH A MULTI-DIMENSIONAL, WORLD-CLASS PERFORMING ARTS SUMMER FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Delung Treasurer | OfficerTrustee | 10 | $0 |
Gail Kohn Board Trustee | Trustee | 2 | $0 |
Anastasia Marty Board Trustee | Trustee | 2 | $0 |
David Brown Board Trustee | Trustee | 2 | $0 |
Marcia Atcheson Secretary | OfficerTrustee | 4 | $0 |
Costa Papastephanou Board Trustee | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,010 |
| Related organizations | $0 |
| Government grants | $193,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,929 |
| Noncash contributions included in lines 1a–1f | $25,287 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,088 |
| Total Program Service Revenue | $42,844 |
| Investment income | $1,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $884 |
| Net Income from Fundraising Events | -$10 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $524,467 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,771 |
| Payroll taxes | $16,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,055 |
| Fees for services: Other | $49,574 |
| Advertising and promotion | $21,951 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,215 |
| Travel | $1,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,667 |
| Insurance | $6,387 |
| All other expenses | $23,476 |
| Total functional expenses | $965,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |