Princeton Friends School
- Assets
- $9.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 77
- Location
- Princeton, NJ
- Founding
- 07/1987
- Data as of
- 06/2023
- EIN
- 22-2790041
Organization Overview
Princeton Friends School is located in Princeton, NJ. The organization was established in 1987. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Princeton Friends School employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Friends 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 06/2023, Princeton Friends School generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A DIVERSE, VIBRANT LEARNING COMMUNITY FOR YOUNG PEOPLE USING QUAKER VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL: THE PROGRAM ACTIVITY PROVIDED IS TO OPERATE AND MAINTAIN A SCHOOL IN THE PRINCETON, NEW JERSEY AREA BASED ON THE TRADITION OF QUAKER VALUES AND PRACTICE. THE SCHOOL HAS APPROXIMATELY 115 STUDENTS IN PRE-K THROUGH 8TH GRADE. THE SCHOOL OFFERS A NON-COMPETITIVE INTERDISCIPLINARY CURRICULUM THAT FOSTERS INTELLECTUAL LIVELINESS, DEVELOPS ACADEMIC SKILLS, EMPHASIZES DIRECT EXPERIENCE OF SUBJECT MATTER, AND RESPONDS TO THE INDIVIDUAL LEARNING STYLES, DEVELOPMENT NEEDS, AND PERSONAL INTERESTS OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Carroll Head Of Scho | Officer | 40 | $145,000 |
Ariel Lowell Baum Board Member | Trustee | 1 | $0 |
Carol Beaton Board Member | Trustee | 1 | $0 |
Janine Chupa Board Member | Trustee | 1 | $0 |
Stephen Fox Board Member | Trustee | 1 | $0 |
Alice Cahill Gens Board Member | Trustee | 1 | $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 | $103,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,887 |
| Total Program Service Revenue | $4,176,827 |
| Investment income | $187,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,470,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,319,453 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,733 |
| Compensation of current officers, directors, key employees. | $60,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,990,955 |
| Pension plan accruals and contributions | $43,197 |
| Other employee benefits | $569,481 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,715 |
| Fees for services: Legal | $27,599 |
| Fees for services: Accounting | $51,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,695 |
| Advertising and promotion | $2,286 |
| Office expenses | $230,372 |
| Information technology | $121,545 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $101,868 |
| 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 | $210,388 |
| Insurance | $56,343 |
| All other expenses | $37,757 |
| Total functional expenses | $5,253,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,043 |
| 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 | $60,527 |
| Net Land, buildings, and equipment | $4,648,690 |
| Investments—publicly traded securities | $4,705,230 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,620 |
| Total assets | $9,508,094 |
| Accounts payable and accrued expenses | $382,822 |
| Grants payable | $0 |
| Deferred revenue | $614,765 |
| 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 | $20,843 |
| Total liabilities | $1,018,430 |
| Net assets without donor restrictions | $3,768,299 |
| Net assets with donor restrictions | $4,721,365 |
| 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 | $9,508,094 |