Civic Intelligence

Princeton Project 55 Inc (DBA Princeton Alumnicorps)

EIN 52-1647841 • 501(c)3 • Princeton, NJ

View Organization Page

Profile

Princeton alumnicorps inspires and builds civic leadership

12 Stockton StreetPrinceton, NJ 08540

www.alumnicorps.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

63rd percentile

0.14x

Higher debt load relative to revenue than 63% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Net Margin

4th percentile

-62%

Higher net margin than 4% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

74th percentile

$126,804

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 23.2% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2025

Asset Growth

29th percentile

-2.7%

Faster asset growth than 29% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

9th percentile

-32%

Faster revenue growth than 9% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$3,937,424

Down $110,197 (-2.7%) from 2024

Liabilities

Up

$76,541

Up $17,538 (+30%) from 2024

Net Assets

Down

$3,860,883

Down $127,735 (-3.2%) from 2024

Operations
Liabilities / Revenue63rd percentileNet Margin4th percentile

Revenue

Down

$546,360

Down $262,457 (-32%) from 2024

Expenses

Up

$885,624

Up $2,506 (+0.3%) from 2024

Net Income

Down

-$339,264

Down $264,963 (-357%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $2,305,382Liabilities 2011: $11,272Net Assets 2011: $2,294,1102011Assets 2012: $2,260,679Liabilities 2012: $27,046Net Assets 2012: $2,233,6332012Assets 2013: $2,287,865Liabilities 2013: $28,308Net Assets 2013: $2,259,5572013Assets 2014: $2,669,452Liabilities 2014: $27,972Net Assets 2014: $2,641,4802014Assets 2015: $2,829,553Liabilities 2015: $21,279Net Assets 2015: $2,808,2742015Assets 2016: $2,761,609Liabilities 2016: $17,064Net Assets 2016: $2,744,5452016Assets 2017: $2,885,402Liabilities 2017: $24,806Net Assets 2017: $2,860,5962017Assets 2018: $3,039,284Liabilities 2018: $27,773Net Assets 2018: $3,011,5112018Assets 2019: $3,050,942Liabilities 2019: $92,272Net Assets 2019: $2,958,6702019Assets 2020: $3,077,661Liabilities 2020: $116,740Net Assets 2020: $2,960,9212020Assets 2021: $3,745,951Liabilities 2021: $40,917Net Assets 2021: $3,705,0342021Assets 2022: $4,066,240Liabilities 2022: $60,177Net Assets 2022: $4,006,0632022Assets 2023: $3,918,644Liabilities 2023: $46,210Net Assets 2023: $3,872,4342023Assets 2024: $4,047,621Liabilities 2024: $59,003Net Assets 2024: $3,988,6182024Assets 2025: $3,937,424Liabilities 2025: $76,541Net Assets 2025: $3,860,8832025

Highlighted filing

2025

Assets$3,937,424
Liabilities$76,541
Net Assets$3,860,883
Open 2025 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $439,6782011Expenses 2012: $512,1442012Expenses 2013: $508,0262013Revenue 2014: $862,748Expenses 2014: $571,988Net Income 2014: $290,7602014Revenue 2015: $840,334Expenses 2015: $634,443Net Income 2015: $205,8912015Revenue 2016: $537,888Expenses 2016: $586,721Net Income 2016: -$48,8332016Revenue 2017: $634,645Expenses 2017: $620,320Net Income 2017: $14,3252017Revenue 2018: $938,626Expenses 2018: $778,249Net Income 2018: $160,3772018Revenue 2019: $809,669Expenses 2019: $898,459Net Income 2019: -$88,7902019Revenue 2020: $810,201Expenses 2020: $778,031Net Income 2020: $32,1702020Revenue 2021: $1,058,122Expenses 2021: $688,878Net Income 2021: $369,2442021Revenue 2022: $1,852,883Expenses 2022: $770,287Net Income 2022: $1,082,5962022Revenue 2023: $537,740Expenses 2023: $772,504Net Income 2023: -$234,7642023Revenue 2024: $808,817Expenses 2024: $883,118Net Income 2024: -$74,3012024Revenue 2025: $546,360Expenses 2025: $885,624Net Income 2025: -$339,2642025

Highlighted filing

2025

Revenue$546,360
Expenses$885,624
Net Income-$339,264
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,937,424
Liabilities
$76,541
Net assets
$3,860,883
Revenue
$546,360
Expenses
$885,624
Net income
-$339,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.94$0.08$3.86$0.55$0.89$0.34
2024Detailed filing. Detailed filing data is available for this year.$4.05$0.06$3.99$0.81$0.88$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.92$0.05$3.87$0.54$0.77$0.23
2022Detailed filing. Detailed filing data is available for this year.$4.07$0.06$4.01$1.85$0.77$1.08
2021Detailed filing. Detailed filing data is available for this year.$3.75$0.04$3.71$1.06$0.69$0.37
2020Detailed filing. Detailed filing data is available for this year.$3.08$0.12$2.96$0.81$0.78$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.05$0.09$2.96$0.81$0.90$0.09
2018Detailed filing. Detailed filing data is available for this year.$3.04$0.03$3.01$0.94$0.78$0.16
2017Detailed filing. Detailed filing data is available for this year.$2.89$0.02$2.86$0.63$0.62$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.76$0.02$2.74$0.54$0.59$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.83$0.02$2.81$0.84$0.63$0.21
2014Detailed filing. Detailed filing data is available for this year.$2.67$0.03$2.64$0.86$0.57$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.03$2.26$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.03$2.23$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.01$2.29$0.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 6, 2025
Return Version
2024v5.2
Gross Receipts
$1,186,742
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,562,676$2,832,599▲ $269,923
Land, Buildings, and Equipment, Net$993,688$959,747▼ $33,941
Pledges and Grants Receivable$130,045$69,316▼ $60,729
Cash and Non-Interest-Bearing Accounts$328,151$33,721▼ $294,430
Prepaid Expenses and Deferred Charges$17,644$20,411▲ $2,767
Accounts Receivable$344$9,257▲ $8,913
Other Notes and Loans Receivable, Net$0--
Total Assets$4,047,621$3,937,424▼ $110,197
Other Assets Total$15,073$12,373▼ $2,700
Liabilities
Accounts Payable and Accrued Expenses$43,680$63,294▲ $19,614
Mortgage Notes Payable Secured by Investment Property$15,173$12,756▼ $2,417
Deferred Revenue$150$491▲ $341
Total Liabilities$59,003$76,541▲ $17,538
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,322,071$2,290,069▼ $32,002
Net Assets Without Donor Restrictions$1,666,547$1,570,814▼ $95,733
Total Net Assets Fund Balance$3,988,618$3,860,883▼ $127,735
Total Liabilities and Net Assets / Fund Balance$4,047,621$3,937,424▼ $110,197

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$363,333$430,590$793,923
Land$592,041-$592,041
Equipment$4,373$117,765$122,138
Other Land Buildings$0$31,245$31,245

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,584,437$15,000▲ $469,508$298,516$2,770,429
2023$2,535,818$99,920▲ $163,799$215,100$2,584,437
2022$2,696,530$87,000▲ $169,690$417,402$2,535,818
2021$2,264,439$1,164,240▼ $413,728$318,421$2,696,530
2020$1,728,394$349,474▲ $480,367$293,796$2,264,439
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimme CarlosExecutive DirectorFT$110,113$16,691$126,804
Kimme Carlos--$110,113$16,691$126,804

Board Members and Trustees

NameTitle
Brandon WhiteBoard Chair
Ricardo DeleonVice Chair
Alison GrayBoard Member
Arthur MckeeBoard Member
Bill JordanBoard Member
Charles DawsonBoard Member
Elizabeth AndermanBoard Member
Elizabeth Perriello RiceBoard Member
Elliott LeeBoard Member
Furman HaynesBoard Member
Howard Piggee IiiBoard Member
Kathleen Reilly StreicherBoard Member
Madeleine WoodleBoard Member
Mark GoldsteinBoard Member
Marty KrasneyBoard Member
Edward McnicholasSecretary
Scott F TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$363,674
Program Service Revenue
$33,337
Investment Income
$104,711
Other Revenue
$44,638
All Other Contributions
$363,674
Change in Net Assets
$-339,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$534,295
Revenue Not Reported on Financial Statements
$12,065
Revenue Not Reported on Form 990
$243,939
Total Revenue per Audited Statements
$778,234
Total Revenue per Form 990
$546,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$554,925
Other Expenses$330,699
Total Fundraising Expense$106,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$280,396$24,741$43,836$348,973
Current Officers, Directors, Trustees, and Key Employees$82,585$11,011$16,517$110,113
Fees for Services Management$76,192$4,001$13,396$93,589
Other Employee Benefits$41,005$4,039$6,818$51,862
Payroll Taxes$31,322$3,085$5,208$39,615
Depreciation Depletion$27,951$3,988$4,268$36,207
Fees for Services Accounting$0$33,510$0$33,510
Conferences and Meetings$30,558$804$871$32,233
Information Technology$20,781$2,919$3,147$26,847
Occupancy$13,704$1,925$2,061$17,690
Insurance$10,204$1,433$1,534$13,171
Fees for Service Investment Mgmnt Fees$9,347$1,313$1,405$12,065
Travel$9,782$257$279$10,318
Advertising$4,180$563$1,617$6,360
Office Expenses$4,395$292$312$4,999
Pension Plan Contributions$3,449$340$573$4,362
Interest$611$45$48$704
Total Functional Expenses$679,750$98,942$106,932$885,624

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$905,969
Total Expenses per Form 990$885,624
Expenses per Audited Statements$873,559
Expenses Not Reported on Form 990$32,410
Expenses Not Reported on Financial Statements$12,065
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Princeton Project 55 Inc
EIN
52-1647841
Phone
6099218808
Address
12 STOCKTON STREET, PRINCETON, NJ 08540
Doing Business As
Princeton Alumnicorps

Signing Officer

Name
Scott F Taylor
Title
Treasurer
Phone
6099218808
Signed
2025-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Ftaylor
Formed
1989
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
9
Volunteers
150

Preparer

Firm
Roberta Smith CPA LLC
Address
4621 Skimmer Way S, Saint Petersburg, FL 33711
Preparer
Roberta Smith
Phone
6092160893
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The co-treasurer reviews and approves the 990 prior to circulating to the full board for review and approval.”

Pt VI, Line 11B

“The return is filed after it has been approved by the board.”

Pt VI, Line 12C

“All staff, board members and board committee members complete”

Pt VI, Line 12C

“A conflict of interest policy form annually. The forms are”

Pt VI, Line 12C

“Then reviewed by the executive director.”

Pt VI, Line 15A

“Every 4 years, a compensation committee is formed to”

Pt VI, Line 15A

“Independently review and compare the executive directors”

Pt VI, Line 15A

“Salary with other entities. A salary increase for the”

Pt VI, Line 15A

“Executive director will be set by the board chair in”

Pt VI, Line 15A

“Consultation with the executive committee. Salary increases”

Pt VI, Line 15A

“For other staff members will be jointly developed by the”

Pt VI, Line 15A

“Executive director for approval”

Pt VI, Line 15A

“By the board chair and vice president.”

Pt VI, Line 19

“As soon as it is approved and filed, we post form 990 under”

Pt VI, Line 19

“Financial information on our website, on other websites such”

Pt VI, Line 19

“As charity navigator and guidestar, and additionally, provide”

Pt VI, Line 19

“All public financial documents by request via phone, email,”

Pt VI, Line 19

“OR OUR WEBSITE.”

Pt XI

“BAD DEBT EXPENSE”

Form 990, Part III, Line 4D

“The organization began to identify their next 5 year strategic 62180. 0. 0.”

Financial Statement Notes

Pt V, Line 4

“The organizations endowment funds are intended to pay a portion of future program costs, maintain the building,implement the strategic plan, and fund the pp55 fellowship program”

Pt III, Line 4

“The organization begain their next 5 year strategic planning session in september 2024.”

Raw XML AppendixShowing 400 of 678 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0PRINCETON 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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IRS990/Desc0PRINCETON 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm2EDWARD MCNICHOLAS
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IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH ANDERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLES DAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK GOLDSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm7ALISON GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm8FURMAN HAYNES
IRS990/Form990PartVIISectionAGrp/PersonNm9BILL JORDAN
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IRS990/Form990PartVIISectionAGrp/PersonNm15KATHLEEN REILLY STREICHER
IRS990/Form990PartVIISectionAGrp/PersonNm16MADELEINE WOODLE
IRS990/Form990PartVIISectionAGrp/PersonNm17KIMME CARLOS
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IRS990/ProgSrvcAccomActy2Grp/Desc0EMERGING 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.
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IRS990/ProgSrvcAccomActy3Grp/Desc035th 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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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ORGANIZATION BEGAN TO IDENTIFY THEIR NEXT 5 YEAR STRATEGIC PLAN IN SEPTEMBER 2024.
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