Princeton Business Partnership

EIN: 881481115 501(c)(3) Community Improvement

Princeton, NJ

Total Revenue
$402,438
Total Expenses
$399,315
Total Assets
$202,676
Net Assets
$189,834
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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
2022
Legal Domicile
NJ
Principal Officer
Isaac Kremer
Phone
6092514520
Tax Period
2023-07-01 to 2024-06-30

Princeton Business Partnership, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $402K in total revenue in fiscal year 2023.

Mission

Shape, maintain, and grow a flourishing Princeton economy by offering exceptional experiences for residents and visitors.

Program Service Accomplishments

Program 1
Expenses: $324,251 Revenue: $19,303

Nassau Street streetscape improvements and Hinds Plaza holiday lights have made Princeton more attractive. Several in person meetups and virtual meetups each month have helped to reach 326 people who...

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Nassau Street streetscape improvements and Hinds Plaza holiday lights have made Princeton more attractive. Several in person meetups and virtual meetups each month have helped to reach 326 people who have come to at least one of 25 in-person meetups and another 61 who attended at least one of six virtual meetups. The digital gift card continues to grow. In the last 12 months, $52,425 of gift cards were purchased $38,567 redeemded. New business continue to open. There were 15 openings in FY23-24. We had a net increase of 4 businesses participating in Restaurant Week for a total of 44. Subscribers to the monthly newsletter increased by more than 1,000. The website now is a vital resource for visitors and the community with a new business directory and events calender. Princeton is the forefront regionally and statewide in NJ through seasonal advertising campaigns and street banners.

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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 (2023)

Revenue Breakdown

Contributions & Grants $399,252
Program Service Revenue $0
Investment Income $0
Other Revenue $3,186
TOTAL REVENUE $402,438

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,306
Fundraising Expenses $0
Program Expenses $324,251
Other Expenses $269,009
TOTAL EXPENSES $399,315

Year-over-Year Comparison

2023 2022 Change
Revenue $402,438 $386,266 +0.0%
Expenses $399,315 $199,556 +1.0%
Net Income $3,123 $186,710 -1.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
17
Employees
1
Volunteers
47

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
0
$0
Total Directors
17
$0
Key Employees
1
$116,642
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Isaac Kremer Executive Director 48.38
Key Emp Highest
$116,642 $0 $116,642
Aubrey Haines President 2.00
Director
$0 $0 $0
Andrew Siegel Vice President 2.00
Director
$0 $0 $0
Helena May Treasurer 2.00
Director
$0 $0 $0
Bob Hillier Secretary 2.00
Director
$0 $0 $0
Kristin Appelget Director 2.00
Director
$0 $0 $0
Joy Chen Director 2.00
Director
$0 $0 $0
Omar Delgado Director 2.00
Director
$0 $0 $0
Julie Drobits Director 2.00
Director
$0 $0 $0
Caleb Feiring Director 2.00
Director
$0 $0 $0
Mark Freda Director 2.00
Director
$0 $0 $0
Matthew Giammanco Director 2.00
Director
$0 $0 $0
Jamie Herring Director 2.00
Director
$0 $0 $0
Michelle Pirone Lambros Director 2.00
Director
$0 $0 $0
Lance Liverman Director 2.00
Director
$0 $0 $0
Raoul Mom Director 2.00
Director
$0 $0 $0
Jennifer Podolsky Director 2.00
Director
$0 $0 $0
Lori Rabon Director 2.00
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
2025 No data No data No data No data
2024 $402,438 $399,315 $202,676 $3,123
2023 $386,266 $199,556 $200,337 $186,710
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