Princeton Senior Resource Center
- Assets
- $8.0m
- Revenue
- $1.7m
- Investments
- $3.1m
- Employees
- 22
- Location
- Princeton, NJ
- Founding
- 05/1983
- Data as of
- 06/2023
- EIN
- 22-2228083
Organization Overview
Princeton Senior Resource Center is located in Princeton, NJ. The organization was established in 1983. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Princeton Senior Resource Center employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Senior Resource Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Princeton Senior Resource Center generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 12.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PSRC IS THE GO-TO RESOURCE WHERE AGING ADULTS AND THEIR FAMILIES FIND SUPPORT, GUIDANCE, EDUCATIONAL AND SOCIAL PROGRAMS TO HELP NAVIGATE LIFE TRANSITIONS AND CONTINUE TO BE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR PROGRAMS-FITNESS, EDUCATION AND ENRICHMENT CLASSES, EVERGREEN FORUM LIFELONG LEARNING, RETIREMENT PROGRAMS: ENGAGED RETIREMENT AND ENCORE CAREERS, INFORMATION SEMINARS, PROGRAMS PROMOTING WELLNESS, VOLUNTEER OPPORTUNITIES, GRANDPALS, AND RECREATIONAL AND SOCIAL EVENTS
SOCIAL SERVICES-INFORMATION AND REFERRAL, MAINTAINING RESOURCE DIRECTORIES, ASSISTANCE WITH BENEFIT APPLICATIONS, CASE MANAGEMENT, TRANSITIONS, CONSULTATIONS AND COUNSELING, SUPPORT GROUPS, CAREGIVER RESOURCE CENTER, UNITED AGING AND DISABILITY PARTNERSHIP, HOMEFRIENDS VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew A Dyson Chief Executive Officer | Officer | 40 | $156,573 |
Joan Girgus Board Chair | OfficerTrustee | 1 | $0 |
Liz Charbonneau Trustee | Trustee | 1 | $0 |
Josh Lichtblau Board Vice Chair | OfficerTrustee | 1 | $0 |
Joseph C Maida Trustee | Trustee | 1 | $0 |
Donald Benjamin Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bancroft Construction Company Construction Svcs | 6/29/22 | $1,239,783 |
Keyboard Consultants Technology Install | 6/29/22 | $138,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,490 |
| Related organizations | $0 |
| Government grants | $286,707 |
| All other contributions, gifts, grants, and similar amounts not included above | $984,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350,433 |
| Total Program Service Revenue | $189,893 |
| Investment income | $78,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,391 |
| Net Gain/Loss on Asset Sales | -$14,269 |
| Net Income from Fundraising Events | $11,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,676,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,573 |
| Compensation of current officers, directors, key employees. | $62,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $676,978 |
| Pension plan accruals and contributions | $19,979 |
| Other employee benefits | $97,993 |
| Payroll taxes | $73,557 |
| Fees for services: Management | $93,609 |
| Fees for services: Legal | $10,756 |
| Fees for services: Accounting | $18,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,695 |
| Office expenses | $15,101 |
| Information technology | $44,241 |
| Royalties | $0 |
| Occupancy | $177,525 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,054 |
| Insurance | $20,811 |
| All other expenses | $31,105 |
| Total functional expenses | $1,656,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,382 |
| Savings and temporary cash investments | $623,707 |
| Pledges and grants receivable | $240,581 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,405 |
| Net Land, buildings, and equipment | $3,558,271 |
| Investments—publicly traded securities | $177,849 |
| Investments—other securities | $3,118,370 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,288 |
| Total assets | $8,011,853 |
| Accounts payable and accrued expenses | $3,933 |
| Grants payable | $0 |
| Deferred revenue | $102,228 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,388 |
| Total liabilities | $119,549 |
| Net assets without donor restrictions | $5,410,021 |
| Net assets with donor restrictions | $2,482,283 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,011,853 |