Overview
What is Princeton Area Community Foundation Inc?
Princeton Area Community Foundation Inc is a New Jersey-based nonprofit organization, specifically located at 212 Carnegie Center Suite 201, Princeton. They are dedicated to promoting philanthropy and bettering their communities through education, grant making, and fostering relationships with donors, advisors, and nonprofit corporations. Their mission encompasses various grantmaking initiatives, including education, arts, basic human needs, and capacity building, among others. The Community Foundation actively grants funds through competitive programs like All Kids Thrive and Community Impact, as well as Donor Advised, Designated, Nonprofit, and Field of Interest funds. Furthermore, they support giving circles such as the Fund for Women and Girls and The NextGen Giving Circle. With a team of 19 employees, they aim to make a positive impact on children, families, and communities within their reach.
Official website here: www.pacf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Princeton Area Community Foundation Inc has achieved a high rating of 97%, reflecting its strong performance in accountability and finance, where it scored 90%. The organization boasts a fully independent board of 23 members, effective financial oversight, and no material diversion of assets. Its transparency is evident, with all required policies and documents readily available, including tax forms and board meeting minutes.
Strengths of the foundation include its excellent program expense ratio of 92.41% and fundraising efficiency, which indicates that a significant portion of donations directly supports its programs. Additionally, the foundation has demonstrated strategic thinking through its well-articulated mission and vision statements, as well as its commitment to leadership development and goal setting.
While the foundation has been successful, it has an opportunity to enhance its narrative by detailing how it has adapted to external changes in the past year. This could provide valuable insight into its resilience and continued relevance in meeting community needs. Overall, the Princeton Area Community Foundation stands out for its robust governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Princeton Area Community Foundation Inc legitimate?
Princeton Area Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Princeton Area Community Foundation 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: $532,185
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,325,950
For more financial information, click here
Official website here: www.pacf.org
What is the mission statement of Princeton Area Community Foundation Inc?
The Princeton Area Community Foundation promotes philanthropy to enhance the well-being of communities. This community foundation engages in education, grant making, and building networks of donors, advisors, and nonprofit corporations. Their grantmaking initiatives span various areas, including education, arts, basic human needs, and capacity building. For instance, the All Kids Thrive initiative aims to reduce high rates of chronic absenteeism in local public schools, while Community Impact grants support nonprofits improving the quality of life for children, families, and communities. The foundation also offers grants from different types of funds and supports giving circles like the Fund for Women and Girls and The NextGen Giving Circle.
Official website here: www.pacf.org
Who is the CEO of Princeton Area Community Foundation Inc?
Jeffrey M Vega is the President & Ceo of Princeton Area Community Foundation Inc. The CEO's salary of Princeton Area Community Foundation Inc is $260,787 and their total compensation is $296,238.
Official website here: www.pacf.org
What is the revenue of Princeton Area Community Foundation Inc?
Princeton Area Community Foundation Inc's revenue in 2022 was $25,007,087.
Official website here: www.pacf.org
Who are the executives of Princeton Area Community Foundation Inc and what are their salaries?
The average compensation at Princeton Area Community Foundation Inc during 2022 was $97,797. There are 19 employees and 60 volunteers at Princeton Area Community Foundation Inc.
Here are 30 key members and their salaries (Princeton Area Community Foundation Inc's CEO's salary is $260,787 and their total compensation is $296,238):
- Compensation: $260,787
- Related: $0
- Other: $35,451
- Compensation: $208,506
- Related: $0
- Other: $24,836
- Compensation: $185,388
- Related: $0
- Other: $31,668
- Compensation: $162,643
- Related: $0
- Other: $17,784
- Compensation: $159,554
- Related: $0
- Other: $13,328
- Compensation: $140,225
- Related: $0
- Other: $17,843
- Compensation: $115,117
- Related: $0
- Other: $17,879
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Official website here: www.pacf.org
Where can I find the form 990 for Princeton Area Community Foundation Inc?
Princeton Area Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pacf.org
Learn more at the official website: www.pacf.org
Mission Statement of Princeton Area Community Foundation Inc
The Princeton Area Community Foundation, a leading philanthropic organization, is dedicated to fostering charitable giving and community development through education, grant making, and networking. By promoting philanthropy, this esteemed foundation seeks to enhance the overall well-being of various communities.
With a multifaceted approach to grantmaking, the Community Foundation invests in programs focusing on education, arts, basic human needs, and capacity building. Two of their key initiatives include All Kids Thrive and Community Impact grants. All Kids Thrive is an ambitious project aimed at mitigating high rates of chronic absenteeism in local schools. Community Impact grants, on the other hand, provide essential support to nonprofit organizations working to improve the lives of children, families, and communities.
In addition to their competitive grant programs, the Community Foundation manages various funds such as Donor Advised, Designated, Nonprofit, and Field of Interest funds. These funds enable donors to make a lasting impact on causes they care about most. Furthermore, the foundation encourages collaborative giving through initiatives like the Fund for Women and Girls and The NextGen Giving Circle.
By acting as a catalyst for change, the Princeton Area Community Foundation brings together philanthropists, advisors, and nonprofit corporations, ultimately strengthening the social fabric of the communities they serve.
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Impact
October, 2024
Princeton Area Community Foundation Inc plays a vital role in enhancing community well-being through strategic philanthropy. By promoting education and facilitating grant-making, it addresses pressing local issues such as chronic absenteeism in schools with initiatives like All Kids Thrive. The foundation actively supports nonprofits dedicated to improving the quality of life for children, families, and broader communities through Community Impact grants.
Additionally, it manages a variety of funds including Donor Advised, Designated, Nonprofit, and Field of Interest funds, ensuring that diverse community needs are met. The foundation fosters collaborative giving through initiatives like the Fund for Women and Girls and The NextGen Giving Circle, creating a robust network of donors and advisors. Through these efforts, the organization not only empowers local nonprofits but also cultivates a culture of philanthropy that advances the overall well-being of the Princeton area.
This information is meant to be a general summary of Princeton Area Community Foundation 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 2022.
- Investment Income: $4,805,532
- Gross Receipts: $30,349,770
Assets and Liabilities:
- Total Assets: $240,180,528
- Total Liabilities: $73,629,049
- Net Assets: $166,551,479
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Organization Details
Founding Year
1991
Phone
(609) 219-1800Principal Officer
Jeffrey M Vega
Main Address
212 Carnegie Center Suite 201, Princeton, NJ, 08540
Website
www.pacf.orgNTEE Category
Code: T310 - Philanthropy
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