Westminster Foundation Princeton New Jersey
- Assets
- $81.6k
- Revenue
- $76.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-4291802
Organization Overview
Westminster Foundation Princeton New Jersey is located in Princeton, NJ. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Foundation Princeton New Jersey 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, Westminster Foundation Princeton New Jersey generated $76.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $105.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A NON-PROFIT ENTITY SEEKING TO ENSURE THE CONTINUED SUPPORT AND EXISTENCE OF WESTMINSTER CHOIR COLLEGE AS A MUSICAL INSTITUTION OF WORLD RENOWN IN PRINCETON, NEW JERSEY. THE SPECIFIC OBJECTIVES AND PURPOSES OF THIS ORGANIZATION SHALL BE: A. TO ENGAGE IN EFFORTS TO ENSURE THAT GENERATIONS TO COME WILL HAVE THE OPPORTUNITY TO STUDY AT WESTMINSTER CHOIR COLLEGE, B. TO ADVOCATE FOR ALLOWING STUDENTS TO HAVE FIRST-RATE MUSICAL TRAINING AT WESTMINSTER CHOIR COLLEGE, C. TO RECOGNIZE AND PUBLICIZE THE UNIQUE BENEFITS AND CONTRIBUTIONS THESE ARTISTS CAN HAVE BY STUDYING IN THIS UNIQUE SETTING , D. TO CONTINUE THE LEGACY OF PERFORMING WITH MAJOR ORCHESTRAS BOTH NATIONALLY AND INTERNATIONALLY, E. TO CONTINUE THE ABILITY TO PERFORM REGULARLY WITH MAJOR PERFORMANCE ENSEMBLES, F. TO SEEK DONATIONS AND VOLUNTEERS TO PROVIDE FINANCIAL SUPPORT AND SUCH SERVICES AS REQUIRED RELATED TO THESE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVING THE LEGACY AND ENSURING THE FUTURE OF WESTMINSTER CHOIR COLLEGE IN PRINCETON, NEW JERSEY, AND TO OPPOSING EFFORTS BY RIDER UNIVERSITY TO SELL OR CLOSE WESTMINSTER CHOIR COLLEGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Fee President | Trustee | 40 | $0 |
P Randy Hill Treasurer | Trustee | 20 | $0 |
Donna Plasket Secretary | Trustee | 20 | $0 |
Thomas Faracco Vice Preside | Trustee | 20 | $0 |
Sara Beck Trustee | Trustee | 10 | $0 |
Anthony Baron Trustee | Trustee | 10 | $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 | $76,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,138 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,138 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,056 |
| Fees for services: Accounting | $17 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,585 |
| Information technology | $349 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $616 |
| All other expenses | $167 |
| Total functional expenses | $105,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,578 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $393 |
| Total liabilities | $393 |
| Net assets without donor restrictions | $81,185 |
| Net assets with donor restrictions | $0 |
| 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 | $81,578 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westminster Foundation Princeton New Jersey has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |