Founding Fathers Papers Inc

EIN: 222365602 501(c)(3)

Princeton, NJ

Total Revenue
$97,475
Total Expenses
$649,533
Total Assets
$1,813,254
Net Assets
$1,813,254
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NJ
Phone
6092583080
Tax Period
2023-01-01 to 2023-12-31

Founding Fathers Papers Inc, founded in 1981, is a micro nonprofit that reported $97K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $650K exceeded revenue, resulting in a 566% operating deficit.

Mission

Founding Fathers Paper's purpose is to perform the functions of and carry out the purposes of the Founding Fathers Editorial Projects, primarily by supporting and facilitating the publication of the papers of J. Adams, B. Franklin, T. Jefferson, J. Madison, and G. Washington.

Program Service Accomplishments

Program 1
Expenses: $195,000

Washington Papers - the project was established to publish a comprehensive edition of Washington's correspondence, including letters written to Washington as well as letters and documents written by...

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Washington Papers - the project was established to publish a comprehensive edition of Washington's correspondence, including letters written to Washington as well as letters and documents written by him. The complete edition will consist of approximately eighty-seven volumes. Today there are copies of over 140,000 Washington documents in the project's document room. This is one of the richest collections of American historical manuscripts extant. There is almost no facet of research on life and enterprise in the late colonial and early national periods that will not be enhanced by material from these documents. The publication of Washington's papers will make this source material available not only to scholars but to all Americans interested in the founding of their nation.

Program 2
Expenses: $190,000

Adams Papers - the project was founded to prepare a comprehensive published edition of the manuscripts written and received by the family of John Adams of Quincy, Massachusetts. The Adams Family...

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Adams Papers - the project was founded to prepare a comprehensive published edition of the manuscripts written and received by the family of John Adams of Quincy, Massachusetts. The Adams Family Papers manuscript collection at the Massachusetts Historical Society forms the nucleus of the project. In addition, the editors have gathered over 27,000 copies of Adams items from hundreds of libraries, institutions, and individuals in the United States and abroad. The project's cutoff date is 1889, the year Abigail Brooks Adams died. The editors do not edit the Adams's words; rather they continue the search for Adams documents, select the material to be included in the edition, provide a faithful transcription of the manuscripts, and supply annotation. To date, 46 volumes have been published by Harvard University Press.

Program 3
Expenses: $146,500

James Madison - The project was established to publish annotated volumes of the correspondence and writings of James Madison, the Virginia statesman most often remembered for his public service as...

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James Madison - The project was established to publish annotated volumes of the correspondence and writings of James Madison, the Virginia statesman most often remembered for his public service as "Father of the Constitution as fourth president of the United States. The published volumes provide accurate texts of Madison's incoming and outgoing correspondence, informative notes on textual and subject matters, and comprehensive indexes. They are incomparably rich sources for students of Madison's life and valuable research tools for those interested in the general history of the period in which Madison lived (1751-1836).

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $97,475
Other Revenue $0
TOTAL REVENUE $97,475

Expense Breakdown

Grants Paid $647,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $647,500
Other Expenses $2,033
TOTAL EXPENSES $649,533

Year-over-Year Comparison

2023 2022 Change
Revenue $97,475 $2,656,602 -1.0%
Expenses $649,533 $661,032 0.0%
Net Income $-552,058 $1,995,570 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$619,787
Total Directors
7
$860,639
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary, Trustee N/A
Officer Director
$0 $0 $0
N/A Treasurer, Trustee N/A
Officer Director
$0 $54,238 $244,297
N/A Chairman, Trustee N/A
Officer Director
$0 $61,667 $375,490
N/A Trustee N/A
Director
$0 $21,552 $240,852
N/A Trustee as of 9/27/23 N/A
Director
$0 $0 $0
N/A Trustee N/A
Director
$0 $0 $0
N/A Trustee Through 4/30/23 N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $97,475 $649,533 $1,813,254 $-552,058
2022 $2,656,602 $661,032 $2,367,312 $1,995,570
2021 $673,107 $701,032 $373,742 $-27,925
2020 $725,810 $759,532 $399,667 $-33,722
2019 $798,056 $842,026 $431,389 $-43,970
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