Princeton Area Community Foundation Inc
- Assets
- $266.5m
- Revenue
- $20.8m
- Investments
- $170.6m
- Employees
- 19
- Location
- Princeton, NJ
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 52-1746234
Organization Overview
Princeton Area Community Foundation Inc is located in Princeton, NJ. The organization was established in 1991. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Princeton Area Community Foundation Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Area Community Foundation 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 12/2021, Princeton Area Community Foundation Inc generated $20.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $21.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Princeton Area Community Foundation Inc has awarded 2,486 individual grants totaling $131,723,113. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRINCETON AREA COMMUNITY FOUNDATION PROMOTES PHILANTHROPY THROUGH EDUCATION, GRANT MAKING, AND BY CREATING A NETWORK OF DONORS, ADVISORS AND NONPROFIT CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION IS AN ACTIVE GRANTMAKER THROUGH SEVERAL COMPETITIVE GRANT PROGRAMS; ALL KIDS THRIVE IS ADDRESSING HIGH RATES OF CHRONIC ABSENTEEISM IN LOCAL PUBLIC SCHOOLS, AND COMMUNITY IMPACT GRANTS SUPPORT NONPROFITS WORKING TO IMPROVE THE QUALITY OF LIFE FOR CHILDREN,FAMILIES, AND COMMUNITIES. THE COMMUNITY FOUNDATION ALSO MAKES GRANTS FROM DONOR ADVISED,DESIGNATED,NONPROFIT AND FIELD OF INTEREST FUNDS AND SUPPORTS GIVING CIRCLES INCLUDING THE FUND FOR WOMEN AND GIRLS AND THE NEXTGEN GIVING CIRCLE (SEE SCHEDULE O FOR MORE DETAILS).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Vega President & CEO | Officer | 40 | $260,787 |
Laura Longman Coo/cfo | Officer | 40 | $208,506 |
Marcia Shackelford Chief Philanthropy Officer | 40 | $185,388 | |
Nelida Valentin Vice President, Grants & Prgm | 40 | $162,643 | |
Lynnee Toye Exe. Dir Of New Jersey Arts | 40 | $159,554 | |
Michael R Nuno Sr. Director Of Philanthropy | 40 | $140,225 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scott Lauer Project Management | 12/30/14 | $124,000 |
Wimbleton Properties General Contractor | 12/30/14 | $840,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,309 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,794,204 |
| Noncash contributions included in lines 1a–1f | $6,076,736 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,797,513 |
| Total Program Service Revenue | $0 |
| Investment income | $2,040,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,601,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,796,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,268,610 |
| 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. | $519,074 |
| Compensation of current officers, directors, key employees. | $280,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,202,263 |
| Pension plan accruals and contributions | $69,264 |
| Other employee benefits | $129,804 |
| Payroll taxes | $127,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,800 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,829 |
| Fees for services: Other | $232,386 |
| Advertising and promotion | $43,889 |
| Office expenses | $141,921 |
| Information technology | $158,304 |
| Royalties | $0 |
| Occupancy | $108,884 |
| Travel | $3,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,815 |
| Insurance | $15,625 |
| All other expenses | $0 |
| Total functional expenses | $21,046,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $26,886,526 |
| Pledges and grants receivable | $489,713 |
| Accounts receivable, net | $29,695 |
| 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 | $92,528 |
| Net Land, buildings, and equipment | $14,397 |
| Investments—publicly traded securities | $68,003,081 |
| Investments—other securities | $170,591,070 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $349,545 |
| Total assets | $266,456,755 |
| Accounts payable and accrued expenses | $166,123 |
| Grants payable | $919,190 |
| 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 | $77,373,403 |
| Total liabilities | $78,458,716 |
| Net assets without donor restrictions | $187,168,906 |
| Net assets with donor restrictions | $829,133 |
| 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 | $266,456,755 |
Grants Awarded
Over the last fiscal year, Princeton Area Community Foundation Inc has awarded $17,399,273 in support to 414 organizations.
| Grant Recipient | Amount |
|---|---|
A SOLDIER'S HANDS PURPOSE: General Support | $11,000 |
ACME SCREENING ROOM PURPOSE: General Support | $5,500 |
AFGHAN GIRLS FINANCIAL ASSIST FUND PURPOSE: General Support | $9,000 |
ACTIVE TRANSPORTATION ALLNCE PURPOSE: General Support Corp. | $25,000 |
AMER RED CROSS OF CENTRAL NEW JERSEY PURPOSE: Disaster Relief Recovery Fund Grant Application, the Annual Fund | $12,100 |
ALASKA COMM FDN PURPOSE: General Support Fund2, $2,500.00 - EPI Center and $2,500.00 - SciLine, and general support | $25,000 |