Princeton Prospect Foundation
- Assets
- $9.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 03/1961
- Data as of
- 06/2024
- EIN
- 22-6075964
Organization Overview
Princeton Prospect Foundation is located in Princeton, NJ. The organization was established in 1961. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Prospect Foundation 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 06/2024, Princeton Prospect Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 1.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Princeton Prospect Foundation has awarded 32 individual grants totaling $6,848,134. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE HISTORIC PRESERVATION OF PRINCETON EATING CLUBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSES ARE (A) TO FACILITATE THE PRESERVATION AND RESTORATION OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDINGS OWNED AND OCCUPIED BY PRINCETON UNIVERSITY EATING CLUBS AND TO EDUCATE THE GENERAL PUBLIC ABOUT THE HISTORY AND ARCHITECTURE OF THE BUILDINGS AND (B) TO FURTHER THE EDUCATION OF STUDENTS BELONGING TO THE CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Burman Vice Chair | OfficerTrustee | 1 | $0 |
Graham Harrison Chairman | OfficerTrustee | 5 | $0 |
Andrea Rabitz Trustee | Trustee | 1 | $0 |
Bryan Blount Trustee | Trustee | 1 | $0 |
Bill Golden Trustee | Trustee | 1 | $0 |
Valarie Bay Treasurer | OfficerTrustee | 5 | $6,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,354,134 |
| Noncash contributions included in lines 1a–1f | $399,245 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,374,134 |
| Total Program Service Revenue | $0 |
| Investment income | $144,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,554,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,066,860 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,200 |
| Fees for services: Legal | $16,122 |
| Fees for services: Accounting | $15,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,307 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,083 |
| All other expenses | $696 |
| Total functional expenses | $1,118,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800,907 |
| Savings and temporary cash investments | $5,132,489 |
| 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 | $2,053,249 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,986,645 |
| Accounts payable and accrued expenses | $17 |
| 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 | $17 |
| Net assets without donor restrictions | $38,193 |
| Net assets with donor restrictions | $8,948,435 |
| 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 | $8,986,645 |
Grants Awarded
Over the last fiscal year, Princeton Prospect Foundation has awarded $1,066,860 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLONIAL CLUB PURPOSE: EDUCATIONAL PURPOSES & HISTORIC PRESERVATION | $15,000 |
PRINCETON CHARTER CLUB PURPOSE: EDUCATIONAL PURPOSES & HISTORIC PRESERVATION | $838,586 |
CLOISTER INN OF PRINCETON UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES & HISTORIC PRESERVATION | $213,274 |