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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brandon White Board Chair | OfficerTrustee | 4 | $0 |
Ricardo Deleon President | OfficerTrustee | 4 | $0 |
Elizabeth Perriello Rice Vice President | OfficerTrustee | 4 | $0 |
Scott F Taylor Co-Treasurer | OfficerTrustee | 4 | $0 |
Charles F Mapes Jr Co-Treasurer | OfficerTrustee | 4 | $0 |
Karen Ali Board Member | Trustee | 1 | $0 |
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 |
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. | $159,373 |
Compensation of current officers, directors, key employees. | $15,937 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $211,081 |
Pension plan accruals and contributions | $2,931 |
Other employee benefits | $26,925 |
Payroll taxes | $34,328 |
Fees for services: Management | $115,057 |
Fees for services: Legal | $13,597 |
Fees for services: Accounting | $35,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $10,370 |
Fees for services: Other | $0 |
Advertising and promotion | $11,607 |
Office expenses | $24,284 |
Information technology | $16,183 |
Royalties | $0 |
Occupancy | $17,127 |
Travel | $8,922 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $13,731 |
Interest | $792 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $31,904 |
Insurance | $8,473 |
All other expenses | $29,869 |
Total functional expenses | $772,504 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $308,075 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $229,001 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $145 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $14,855 |
Net Land, buildings, and equipment | $998,641 |
Investments—publicly traded securities | $2,363,941 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,986 |
Total assets | $3,918,644 |
Accounts payable and accrued expenses | $42,008 |
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 | $4,202 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $46,210 |
Net assets without donor restrictions | $1,618,607 |
Net assets with donor restrictions | $2,253,827 |
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 | $3,918,644 |