PRINCETON PROJECT 55 INC

EIN: 521647841 501(c)(3) Education

PRINCETON, NJ

Total Revenue
$546,360
Total Expenses
$885,624
Total Assets
$3,937,424
Net Assets
$3,860,883
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NJ
Principal Officer
SCOTT FTAYLOR
Phone
6099218808
Tax Period
2024-07-01 to 2025-06-30

PRINCETON PROJECT 55 INC, founded in 1989, is a small nonprofit in the Education sector that reported $546K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $886K exceeded revenue, resulting in a 62% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $229,549 Revenue: $4,400

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...

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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, 24 FELLOWS IN BOSTON, CHICAGO, PHILADELPHIA, NEW YORK AND WASHINGTON DC 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.

Program 2
Expenses: $299,900 Revenue: $28,938

EMERGING LEADERS-EMERGING LEADERS PROFESSIONAL DEVELOPMENT PROGRAM THAT IS DESIGNED TO HELP ASPIRING AND EMERGING NONPROFIT LEADERS DEVELOP LEADERSHIP CAPABILITIES, MANAGEMENT SKILLS AND CONFIDENCE...

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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, 13 COHORTS PARTICIPATED IN NEW YORK CITY.

Program 3
Expenses: $88,121 Revenue: $0

35th ANNIVERSARY PROGRAM-HONORED THE 35 YEARS OF SUCCESS AND ESTABLISHED THE CENTER FOR CIVIC LEADERSHIP.THIS PHYSICAL SPACE ENABLES THE ORGANIZATION TO PROVIDE DIGITAL AND ONSITE TRAINING...

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35th ANNIVERSARY PROGRAM-HONORED THE 35 YEARS OF SUCCESS AND ESTABLISHED THE CENTER FOR CIVIC LEADERSHIP.THIS PHYSICAL SPACE ENABLES THE ORGANIZATION TO PROVIDE DIGITAL AND ONSITE TRAINING OPPORTUNITIES INCLUDING: ANNUAL CIVIC ENGAGEMENT SPEAKER SERIES, CIVIC LEADERSHIP SEMINARS AND WORKSHOPS, LUNCH & LEARN MENTORSHIP OPPORTUNITIES, ROUNDTABLE DISCUSSIONS AND PUBLIC FORUMS, AND PARTNERSHIP AN COLLABORATION OPPORTUNITIES. ALUMNICORPS WILL ALSO OFFER A ROBUST NEW PROJECT 55 AND EMERGING LEADERS TRAINING PROGRAM ON SITE IN THE BUILDING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $363,674
Program Service Revenue $33,337
Investment Income $104,711
Other Revenue $44,638
TOTAL REVENUE $546,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $554,925
Fundraising Expenses $106,932
Program Expenses $679,750
Other Expenses $330,699
TOTAL EXPENSES $885,624

Year-over-Year Comparison

2024 2023 Change
Revenue $546,360 $808,817 -0.3%
Expenses $885,624 $883,118 +0.0%
Net Income $-339,264 $-74,301 +3.6%
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
17
Independent Members
17
Employees
9
Volunteers
150

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
5
$126,804
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON WHITE BOARD CHAIR 4.00
Officer Director
$0 $0 $0
RICARDO DELEON VICE CHAIR 4.00
Officer Director
$0 $0 $0
EDWARD MCNICHOLAS SECRETARY 4.00
Officer Director
$0 $0 $0
SCOTT F TAYLOR TREASURER 4.00
Officer Director
$0 $0 $0
ELIZABETH ANDERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES DAWSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARK GOLDSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
ALISON GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
FURMAN HAYNES BOARD MEMBER 1.00
Director
$0 $0 $0
BILL JORDAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARTY KRASNEY BOARD MEMBER 1.00
Director
$0 $0 $0
ELLIOTT LEE BOARD MEMBER 1.00
Director
$0 $0 $0
ARTHUR MCKEE BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH PERRIELLO RICE BOARD MEMBER 1.00
Director
$0 $0 $0
HOWARD PIGGEE III BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN REILLY STREICHER BOARD MEMBER 1.00
Director
$0 $0 $0
MADELEINE WOODLE BOARD MEMBER 1.00
Director
$0 $0 $0
KIMME CARLOS EXECUTIVE DIRECTOR 40.00
Officer
$110,113 $16,691 $126,804
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
2025 $546,360 $885,624 $3,937,424 $-339,264
2024 No data No data No data No data
2023 $537,740 $772,504 $3,918,644 $-234,764
2022 $1,852,883 $770,287 $4,066,240 $1,082,596
2021 $1,058,122 $688,878 $3,745,951 $369,244
2020 $810,201 $778,031 $3,077,661 $32,170
2019 $809,669 $898,459 $3,050,942 $-88,790
2018 $938,626 $778,249 $3,039,284 $160,377
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