Princeton Area Community Foundation Inc
- Assets
- $266.5m
- Revenue
- $20.8m
- Investments
- $170.6m
- Employees
- 17
- Location
- Lawrenceville, NJ
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 52-1746234
Organization Overview
Princeton Area Community Foundation Inc is located in Lawrenceville, 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 12/2021, Princeton Area Community Foundation Inc employed 17 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 2,072 individual grants totaling $114,323,840. 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).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey M Vega President & CEO | Officer | 40 | $253,670 |
Laura Longman Coo/cfo | Officer | 40 | $198,958 |
Marcia W Shackelford Chief Philanthropy Officer | 40 | $180,603 | |
Nelida Valentin Vp, Grants And Programs | 40 | $143,848 | |
Michael R Nuno Sr. Dir. Of Philanthropy | 40 | $133,645 | |
Suzanne DE Grouchy Vice President, Accounting | 40 | $116,768 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wimbleton Properties General Contractor | 12/30/14 | $840,855 |
Scott Lauer Project Management | 12/30/14 | $124,000 |
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 $17,084,408 in support to 397 organizations.
| Grant Recipient | Amount |
|---|---|
Princeton, NJ PURPOSE: the Capital Campaign | $1,482,671 |
Far Hills, NJ PURPOSE: $25,000.00 for the Michele S. Byers Legacy Fund an | $1,316,500 |
Monroe Twp, NJ PURPOSE: Healing Centered Engagement in Mercer County Schoo | $450,000 |
Princeton, NJ PURPOSE: supporting the 2021 Annual Fund | $369,644 |
Morristown, NJ PURPOSE: general support | $362,531 |
Houston, TX PURPOSE: NRG Chairman's Scholarship fund transfer to GHCF | $357,820 |
Grants Recieved
Over the last fiscal year, we have identified 42 grants that Princeton Area Community Foundation Inc has recieved totaling $3,182,998.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $525,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: TO SUPPORT A STATEWIDE FUND TO SUPPORT NEW JERSEY ARTISTS AND ARTS ORGANIZATIONS NEGATIVELY FINANCIALLY IMPACTED BY THE COVID-19 PANDEMIC | $300,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: TO SUPPORT A STATEWIDE FUND TO SUPPORT NEW JERSEY ARTISTS AND ARTS ORGANIZATIONS NEGATIVELY FINANCIALLY IMPACTED BY THE COVID-19 PANDEMIC | $300,000 |
Jay And Linda Grunin Foundation Inc Toms River, NJ PURPOSE: CAPACITY SUPPORT - NJACRF | $207,500 |
Fund For New Jersey Princeton, NJ PURPOSE: TO SUPPPORT FAIR REDISTRICTING IN NJ. | $200,000 |
Wellness Foundation Wilmington, DE PURPOSE: RESHMI AND MAHMOOD SIDDIQUE CHARITABLE FUND | $150,000 |
Endowment Analysis
| Beg. Balance | $50,326,767 |
| Earnings | $7,646,329 |
| Net Contributions | $579,340 |
| Grants | $889,824 |
| Ending Balance | $57,662,612 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Delaware Community Foundation Wilmington, DE | $375,445,649 | $92,895,086 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Princeton Area Community Foundation Inc Lawrenceville, NJ | $266,456,755 | $20,796,965 |
Erie Community Foundation Erie, PA | $290,579,169 | $26,731,197 |
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |