Princeton Senior Resource Center
- Assets
- $7.8m
- Revenue
- $2.8m
- Investments
- $3.6m
- Employees
- 21
- Location
- Princeton, NJ
- Founding
- 05/1983
- Data as of
- 06/2021
- 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 06/2021, Princeton Senior Resource Center employed 21 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 06/2021, Princeton Senior Resource Center generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 8.9% per year over the past 6 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
2021
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 | $140,650 |
Donald Benjamin Secretary | OfficerTrustee | 1 | $0 |
Joan Girgus President | OfficerTrustee | 1 | $0 |
Liz Charbonneau Vice President | OfficerTrustee | 1 | $0 |
Josh Lichtblau Vice President | OfficerTrustee | 1 | $0 |
Joseph C Maida Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,190 |
| Related organizations | $0 |
| Government grants | $168,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,258,979 |
| Noncash contributions included in lines 1a–1f | $6,365 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,483,784 |
| Total Program Service Revenue | $168,933 |
| Investment income | $46,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,685 |
| Net Income from Fundraising Events | -$7,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,771,575 |
| 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. | $140,650 |
| Compensation of current officers, directors, key employees. | $60,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,132 |
| Payroll taxes | $69,714 |
| Fees for services: Management | $55,523 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,386 |
| Office expenses | $4,940 |
| Information technology | $29,631 |
| Royalties | $0 |
| Occupancy | $86,005 |
| 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 | $6,621 |
| Insurance | $16,461 |
| All other expenses | $19,344 |
| Total functional expenses | $1,212,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,978 |
| Savings and temporary cash investments | $11,511 |
| Pledges and grants receivable | $1,235,281 |
| 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 | $15,017 |
| Net Land, buildings, and equipment | $1,922,730 |
| Investments—publicly traded securities | $430,230 |
| Investments—other securities | $3,557,706 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,016 |
| Total assets | $7,821,469 |
| Accounts payable and accrued expenses | $640 |
| Grants payable | $0 |
| Deferred revenue | $8,100 |
| 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 | $1,388,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,600 |
| Total liabilities | $1,399,340 |
| Net assets without donor restrictions | $2,896,618 |
| Net assets with donor restrictions | $3,525,511 |
| 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 | $7,821,469 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Princeton Senior Resource Center has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Runestone Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $3,139,665 |
| Earnings | $826,411 |
| Admin Expense | $19,800 |
| Net Contributions | $670,670 |
| Grants | $980,321 |
| Ending Balance | $3,636,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern Pennsylvania Area Charleroi, PA | $3,794,920 | $18,303,240 |
Regional Aid For Interim Needs Inc Bronx, NY | $8,633,241 | $14,474,585 |
Lifespan Of Greater Rochester Inc Rochester, NY | $9,941,084 | $14,510,334 |
New York Foundation For Senior Citizens Inc New York, NY | $13,582,730 | $12,552,678 |
Dorot Inc New York, NY | $35,059,991 | $15,081,294 |
Blair Senior Services Inc Altoona, PA | $9,557,910 | $10,335,546 |
United Presbyterian & Reformed Adult Ministries Inc Flushing, NY | $13,773,181 | $9,913,948 |
Cheer Inc Georgetown, DE | $13,939,412 | $9,138,607 |
Bergen Basin Commmunity Development Corporation Brooklyn, NY | $2,562,211 | $8,388,294 |
Modern Maturity Center Inc Dover, DE | $11,944,802 | $7,663,411 |
Area Agency On Aging For The Counties Of Brad Sull Susq And Tio Towanda, PA | $2,044,253 | $6,580,429 |
Senior Citizens United Community Services Of Camden County Inc Audubon, NJ | $5,026,909 | $6,535,637 |