Princeton Project 55 Inc

Organization Overview

Princeton Project 55 Inc, operating under the name Princeton Alumnicorps, 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 06/2023, Princeton Alumnicorps employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Alumnicorps 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 Alumnicorps generated $537.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $772.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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, LEADERSHIP DEVELOPMENT AND LEARNING.SINCE OUR INCEPTION, WE HAVE PLACED MORE THAN 2300 ALUMNI IN THE PROGRAM WITH MORE THAN 500 NONPROFIT ORGANIZATIONS. THIS PAST YEAR, 41 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-EMERGING LEADERS PROFESSIONAL DEVELOPMENT PROGRAM THAT IS DESIGNED TO HELP ASPIRING AND EMERGING NONPROFIT LEADERS DEVELOP LEADERSHIP CAPABILITIES, MANAGEMENT SKILLS AND CONFIDENCE TO ADVANCE THEIR PROFESSIONAL CONTRIBUTIONS 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. WITH CHANGES IN BOARD LEADERSHIP, THE PLAN HAS BEEN REVISITED IN 2022 AND PLACED ON HOLD. THE NEXT STRATEGIC PLANNING SESSION WILL BE IN MAY 2024 WITH THE EXPECTATION THAT A NEW STRATEGIC PLAN WILL BE IN PLACE IN 2025.


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Board, Officers & Key Employees

Name (title)Compensation
Brandon White
Board Chair
$0
Ricardo Deleon
President
$0
Elizabeth Perriello Rice
Vice President
$0
Scott F Taylor
Co-Treasurer
$0
Charles F Mapes Jr
Co-Treasurer
$0
Karen Ali
Board Member
$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$286,724
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$286,724
Total Program Service Revenue$60,297
Investment income $52,918
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $46,787
Net Gain/Loss on Asset Sales $91,014
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $537,740

Peer Organizations

Organization NameAssets
The Bronx High School Of Science Alumni Foundation Inc
New York, NY
$4,194,276
Penn State Alumni Association
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$19,414,154
Baseball Assistance Team Inc
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$4,732,524
United States Merchant Marine Academy Alumni Association And Fou
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$8,053,233
Alumni Association Of New Jersey Institute Of Technology
Paramus, NJ
$306,119
Bernard M Baruch College Association Inc
New York, NY
$4,363,723
Seoul National University Foundation Inc
Fort Lee, NJ
$3,997,460
Syracuse Health Science Center Medical Alumni Foundation Inc
Syracuse, NY
$3,252,934
Thaddeus Stevens Foundation
Lancaster, PA
$2,341,093
Trustees Of Princeton University
Princeton, NJ
$2,608,175
Rowan University Alumni Association
Glassboro, NJ
$183,589
Alumni Of The State Univ Of Ny Agri & Tech College At Cobleskill
Cobleskill, NY
$1,654,809
National Football League Alumni Inc
Mount Laurel, NJ
$1,482,302
Swiss Benevolent Society Of New York N Y
New York, NY
$115,652
Herkimer County College Foundation Inc
Herkimer, NY
$893,773
State University Of New York At Binghamton Alumni Association Inc
Binghamton, NY
$1,063,208
University Of Bath Foundation Ltd
New York, NY
$1,247,249
Beta Alumni Association Of The Pennsylvania State University
State College, PA
$938,177
The Alumni And Friends Of Fiorello H Laguardia High School Inc
New York, NY
$5,321,670
Associated Alumni Of The Central High School Of Philadelphia
Philadelphia, PA
$1,125,273
Alumni Assoc Of State U Albany
Albany, NY
$771,837
Alumni Assoication Of The City College Of New York
New York, NY
$1,250,269
Princeton Project 55 Inc
Princeton, NJ
$537,740
Suny College At Oneonta Alumni Association Inc
Oneonta, NY
$656,271
Pgss Campaign Inc
Williamsport, PA
$654,563

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