Overview
What is Princeton Project 55 Inc?
Princeton Project 55 Inc, also known as Princeton Alumnicorps, is a renowned nonprofit organization based in Princeton, New Jersey. With a mission to foster civic engagement and leadership development among recent Princeton graduates, they have placed over 2,300 alumni in various nonprofit organizations since their inception. Their flagship program, the Project 55 Fellowship, offers a one-year opportunity for Princeton seniors to contribute to the nonprofit sector. Additionally, Princeton Alumnicorps runs the Emerging Leaders program, which provides leadership development training to mid-career nonprofit professionals. The organization's programs are highly regarded, as evidenced by the 100% recommendation rate from alumni and nonprofit partners surveyed. With a small team of 10 dedicated individuals, Princeton Alumnicorps continues to make a significant impact in the nonprofit sector.
Official website here: www.alumnicorps.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
Princeton Project 55 Inc (dba Princeton Alumnicorps) has received an impressive 99% rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization demonstrates exceptional financial practices, earning a perfect score of 100 in Accountability & Finance. Notably, all board members are independent, which enhances governance and transparency, and there have been no reported material diversions of assets.
In addition to financial integrity, the nonprofit scores well in culture and community, with a rating of 90%. The organization actively collects and utilizes constituent feedback effectively, scoring 100 in this aspect. This strong engagement with stakeholders suggests that Princeton Alumnicorps is responsive and dedicated to addressing the needs of its community.
However, there are areas for improvement, particularly in equity strategies, where it scored 85 out of 100. The organization’s equity data and policies were rated lower, indicating potential gaps in comprehensive equity practices. Addressing these areas could further enhance its community impact and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Princeton Project 55 Inc legitimate?
Princeton Project 55 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Princeton Project 55 Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $159,373
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,081
For more financial information, click here
Official website here: www.alumnicorps.org
What is the mission statement of Princeton Project 55 Inc?
Princeton Project 55 Inc, also known as Princeton Alumnicorps, operates two core programs. The Project 55 Fellowship places recently graduated Princeton seniors in one-year nonprofit fellowships, aiming to foster a lifelong commitment to civic engagement, leadership development, and learning. On the other hand, the Emerging Leaders program offers leadership development training to mid-career nonprofit professionals. The Project 55 Fellowship program has placed over 2,300 Princeton graduates in various nonprofit organizations since its inception, with 53 completing their fellowship year last year. These individuals were supported throughout their tenure by local alumni volunteers and educational seminars. Feedback from alumni and nonprofit program partners indicates a high level of satisfaction with the program, as all surveyed would recommend it.
Official website here: www.alumnicorps.org
What is the revenue of Princeton Project 55 Inc?
Princeton Project 55 Inc's revenue in 2023 was $537,740.
Official website here: www.alumnicorps.org
Who are the executives of Princeton Project 55 Inc and what are their salaries?
The average compensation at Princeton Project 55 Inc during 2023 was $41,162. There are 9 employees and 150 volunteers at Princeton Project 55 Inc.
Here are 27 key members and their salaries:
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- Compensation: $89,236
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Official website here: www.alumnicorps.org
Where can I find the form 990 for Princeton Project 55 Inc?
Princeton Project 55 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alumnicorps.org
Learn more at the official website: www.alumnicorps.org
Mission Statement of Princeton Project 55 Inc
Princeton Project 55 Inc., commonly known as Princeton Alumnicorps, is an organization dedicated to fostering civic engagement and leadership development among recently graduated Princeton seniors and mid-career nonprofit professionals. Through its two core programs, the Project 55 Fellowship and Emerging Leaders, Princeton Alumnicorps provides opportunities for personal growth and service.
The Project 55 Fellowship places recent Princeton graduates in one-year nonprofit fellowships, aiming to inspire a lifelong commitment to public service. Since its inception, over 2300 alumni have participated in this program, working with over 500 nonprofit organizations. Each fellow is supported by local alumni volunteers and educational seminars, ensuring a comprehensive learning experience. The program has garnered positive feedback, with 100% of alumni and nonprofit program partners recommending it.
The Emerging Leaders program, on the other hand, provides leadership development training to mid-career nonprofit professionals. This program equips these professionals with the necessary skills to excel in their roles and contribute to the betterment of their organizations. By offering these programs, Princeton Project 55 Inc. (Dba Princeton Alumnicorps) is committed to nurturing the next generation of leaders in the nonprofit sector.
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Impact
July, 2024
Princeton Project 55 Inc, operating as Princeton Alumnicorps, has a significant impact through its Project 55 Fellowship program. This initiative places recent Princeton graduates in year-long fellowships, providing them with opportunities to develop a lifelong commitment to civic engagement, leadership, and learning. Since its establishment, over 2300 alumni have participated in the program, working with more than 500 organizations. This past year, 53 fellows successfully completed their fellowship year, supported by local alumni volunteers and educational seminars. Feedback from alumni and program partners has been overwhelmingly positive, with 100% of respondents indicating that they would recommend the program. This demonstrates the tangible impact of Princeton Alumnicorps in fostering a new generation of civic-minded leaders and professionals.
This information is meant to be a general summary of Princeton Project 55 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $52,918
- Program Service Revenue: $60,297
- Gross Receipts: $1,263,185
Assets and Liabilities:
- Total Assets: $4,066,240
- Total Liabilities: $60,177
- Net Assets: $4,006,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION FEES
Revenue
$60,297
Organization Details
Founding Year
1989
Principal Officer
Scott Ftaylor
Website
www.alumnicorps.orgNTEE Category
Code: B84Z - Education
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