Princeton Project 55 Inc

Organization Overview

Princeton Project 55 Inc is located in Princeton, NJ. The organization was established in 1995. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, Princeton Project 55 Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Project 55 Inc 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 Project 55 Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $688.9k during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRINCETON ALUMNICORPS RUNS TWO CORE PROGRAMS. THE PROJECT 55 FELLOWSHIP PLACES RECENTLY GRADUATED PRINCETON SENIORS IN ONE YEAR NONPROFIT FELLOWSHIPS. EMERGING LEADERS PROVIDES LEADERSHIP DEVELOPMENT TRAINING TO MID-CAREER NONPROFIT PROFESSIONALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRINCETON PROJECT 55 (PP55)FELLOWSHIPS (FORMERLY PUBLIC INTEREST PROGRAM AND PUBLIC HEALTH FELLOWSHIPS) THE MISSION OF ALUMNICORPS' PROJECT 55 FELLOWSHIP PROGRAM IS TO PROVIDE OPPORTUNITIES FOR RECENT PRINCETON GRADUATES TO DEVELOP A LIFELONG COMMITMENT TO CIVIC ENGAGEMENT AND TO PREPARE FOR CIVIC LEADERSHIP. SINCE OUR INCEPTION, WE HAVE PLACED MORE THAN 2000 ALUMNI IN THE PROGRAM WITH MORE THAN 500 NONPROFIT ORGANIZATIONS. THIS PAST YEAR, 46 FELLOWS COMPLETED THEIR FELLOWSHIP YEAR. THEY WERE SUPPORTED THROUGHOUT THE YEAR BY LOCAL ALUMNI VOLUNTEERS AND EDUCATIONAL SEMINARS. ALUMNI AND NONPROFIT PROGRAM PARTNERS WERE SURVEYED AND 100% THEM WOULD RECOMMEND THE THE PROGRAM.


EMERGING LEADERS-THE EMERGING LEADERS PROFESSIONAL DEVELOPMENT PROGRAM IS DESIGNED TO HELP ASPIRING AND EMERGING NONPROFIT LEADERS DEVELOP THE LEADERSHIP CAPABILITIES, MANAGEMENT SKILLS AND CONFIDENCE TO ADVANCE THEIR PROFESSIONAL CONTRIBUTION AND ACCELERATE THEIR CAREERS IN THE NONPROFIT SECTOR.THE PROGRAM IS INTENDED TO YIELD TANGIBLE,NEAR TERM VALUE TO PARTICIPANTS (AND THEIR EMPLOYERS) AND SUPPORT THEIR LONGER-TERM LEADERSHIP DEVELOPMENT. IT EMPLOYS EXPERIENTIAL LEARNING AND OUTSIDE EXPERTS AND SPEAKERS TO BUILD MANAGEMENT SKILLS, LEADERSHIP COMPETENCIES, AND SECTOR- SPECIFIC KNOWLEDGE. THE FOLLOWING LEARNING TRACKS ARE WOVEN TOGETHER: HARD NONPROFIT SKILLS & MANAGEMENT TRAINING, INDIVIDUALIZED LEADERSHIP IN ACTION "STRETCH" PROJECTS,LEADERSHIP COMPETENCIES-E.G.SELF AWARENESS, TEAM DYNAMICS, MENTORING-PERIODIC CONVERSATIONS WITH A NONPROFIT LEADER, SECTOR TRENDS-EXPERT SPEAKERS AND PANELS, FACILITATED PEER SUPPORT. PARTICIPANTS IN OUR PROGRAM MET THE FOLLOWING CRITERIA:HAVE 3 TO 10 YEARS OF FULL TIME WORK EXPERIENCE, WITH AT LEAST TWO YEARS OF EXPERIENCE IN THE NONPROFIT OR PUBLIC SECTOR, BE CURRENTLY EMPLOYED IN THE NONPROFIT OR PUBLIC SECTOR, CURRENTLY HAVE SOME LEVEL OF PROJECT MANAGEMENT RESPONSIBILITIES (OVER STAFF,INTERNS, VENDORS, AND/OR VOLUNTEERS), AND WORK IN THE GREATER WASHINGTON DC REGION, NEW YORK CITY REGION, OR NATIONALLY. THIS YEAR, THE PROGRAM WAS OFFERED IN NEW YORK CITY AND NATIONALLY.


STRATEGIC PLAN-THE ORGANIZATION COMPLETED ITS FIVE YEAR STRATEGIC PLAN IN LATE 2020 AND IN LATE 2020 THROUGHOUT 2021, EMBARKED ON A NEW STRATEGIC PLANNING PROCESS. THE PROCESS INVOLVED STAFF, BOARD, PROGRAM ALUMNI AND VOLUNTEERS IN THE PROCESS. THE PLAN IS PENDING ADOPTION BY THE BOARD.


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Board, Officers & Key Employees

Name (title)Compensation
Caryn Tonljanovich
Executive Director
$81,500
Kef Kasdin
President & Former Executive Director
$49,250
Elizabeth A Duffy
Chair
$0
Debra Kushma
Vice President
$0
Scott F Taylor
Co-Treasurer
$0
Andrew Protain
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $93,537
All other contributions, gifts, grants, and similar amounts not included above$750,447
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$843,984
Total Program Service Revenue$78,550
Investment income $30,770
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $17,225
Net Gain/Loss on Asset Sales $87,593
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,058,122

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Princeton Project 55 Inc has recieved totaling $78,219.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$59,560
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$7,777
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$6,132
Rockefeller Foundation

New York, NY

PURPOSE: IN SUPPORT OF RF DONATIONS TO CHARITABLE ORGANIZATIONS

$3,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$1,000
The Mcj Amelior Foundation

Morristown, NJ

PURPOSE: FOR GENERAL OPERATING SUPPORT

$750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,728,394
Earnings$480,367
Net Contributions$313,942
Other Expense$293,796
Ending Balance$2,228,907

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