Princeton Adult School
- Assets
- $669.3k
- Revenue
- $535.8k
- Investments
- $0.0
- Employees
- 93
- Location
- Princeton, NJ
- Founding
- 11/1971
- Data as of
- 06/2021
- EIN
- 22-1924079
Organization Overview
Princeton Adult School is located in Princeton, NJ. The organization was established in 1971. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Princeton Adult School employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Adult School 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 06/2021, Princeton Adult School generated $535.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $395.3k during the year ending 06/2021. 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
THE PRINCETON ADULT SCHOOL, FOUNDED IN 1939, OFFERS LIFE-LONG LEARNING OPPORTUNITIES TO RESIDENTS OF THE GREATER PRINCETON AREA. DRAWING ON TEACHING RESOURCES FROM AREA EDUCATIONAL INSTITUTIONS AND A WEALTH OF INDIVIDUAL TALENT, WE OFFER A WIDE RANGE OF IN-CLASS AND ON-LINE COURSES. OUR GOAL IS TO MEET THE LEARNING INTERESTS AND NEEDS OF THE AREA'S DIVERSE ADULT COMMUNITY IN PURSUING INTELLECTUAL GROWTH, WORKPLACE SKILLS, JOB OPPORTUNITIES, AND PERSONAL AND CIVIC WELL BEING, IN A CONVENIENT AND ENJOYABLE EDUCATION EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURSES FOR ADULTS OF THE GREATER PRINCETON, NJ, AREA. APPROXIMATELY 3,800 STUDENTS ATTEND COURSES DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Yepes Board Member | Trustee | 2.33 | $2,220 |
Alta Malberg Board Member | Trustee | 1.67 | $1,307 |
Constance Hassett Board Member | Trustee | 1.67 | $111 |
Martha Friedman Vice President | OfficerTrustee | 3.67 | $0 |
Carol Goodheart Secretary | OfficerTrustee | 3.67 | $0 |
Costa Papastephanou Treasurer | OfficerTrustee | 3.67 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,321 |
| Total Program Service Revenue | $373,502 |
| Investment income | $9,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $535,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,527 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,106 |
| Advertising and promotion | $53,275 |
| Office expenses | $4,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,250 |
| Travel | $0 |
| 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 | $393 |
| Insurance | $12,495 |
| All other expenses | $668 |
| Total functional expenses | $395,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,078 |
| Savings and temporary cash investments | $16,234 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $954 |
| 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 | $701 |
| Net Land, buildings, and equipment | $1,944 |
| Investments—publicly traded securities | $520,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $669,266 |
| Accounts payable and accrued expenses | $16,085 |
| Grants payable | $0 |
| Deferred revenue | $4,371 |
| 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 | $20,456 |
| Net assets without donor restrictions | $638,260 |
| Net assets with donor restrictions | $10,550 |
| 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 | $669,266 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Princeton Adult School has recieved totaling $6,109.
| Awarding Organization | Amount |
|---|---|
Curtis W Mcgraw Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $5,000 |
J Robert And Barbara A Hiller Foundation Inc New Hope, PA PURPOSE: UNRESTRICTED | $1,075 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Practising Law Institute New York, NY | $169,437,578 | $109,173,484 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
Local Union 164 Electrical Joint Apprenticeship And Training Trust Paramus, NJ | $19,017,559 | $4,299,279 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Chronic Liver Disease Foundation Inc Clark, NJ | $1,027,147 | $3,658,520 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |
Resource Training Center Inc Staten Island, NY | $1,509,183 | $2,732,050 |
Institute Of Classical Architecture And Art Inc New York, NY | $5,800,944 | $3,154,717 |
Literacy West Ny Inc Belmont, NY | $671,461 | $2,695,039 |
Institute Foundation Inc New York, NY | $1,481,430 | $2,888,520 |