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 Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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.

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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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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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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