Princeton Pro Musica
- Assets
- $590.4k
- Revenue
- $369.6k
- Investments
- $381.2k
- Employees
- 2
- Location
- Princeton, NJ
- Founding
- 05/1982
- Data as of
- 06/2022
- EIN
- 22-2317363
Organization Overview
Princeton Pro Musica is located in Princeton, NJ. The organization was established in 1982. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Princeton Pro Musica employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Pro Musica 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 06/2022, Princeton Pro Musica generated $369.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $295.8k during the year ending 06/2022. While expenses have increased by 0.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRINCETON PRO MUSICA EXISTS TO PERFORM CHORAL MASTERWORKS AND OTHER WORKS OF THE CHORAL LITERATURE WITH ENERGY, PASSION, AND UNCOMPROMISING ARTISTIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MUSICAL ENTERTAINMENT AND CULTURAL AWARENESS OF THE ARTS TO THE GENERAL PUBLIC OF NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dottie Cassimatis Treasurer | OfficerTrustee | 2 | $0 |
Claudia Classon Secretary | OfficerTrustee | 2 | $0 |
Richard Farris Vice Preside | OfficerTrustee | 2 | $0 |
Jan Johnson President | OfficerTrustee | 2 | $0 |
Erica Appel Trustee | Trustee | 2 | $0 |
Angel Gardner Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,994 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,469 |
| Total Program Service Revenue | $41,423 |
| Investment income | $6,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,639 |
| Net Income from Fundraising Events | $7,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,622 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,295 |
| Advertising and promotion | $14,930 |
| Office expenses | $6,285 |
| Information technology | $3,345 |
| Royalties | $0 |
| Occupancy | $36,610 |
| 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 | $6,638 |
| Insurance | $7,593 |
| All other expenses | $12,135 |
| Total functional expenses | $295,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,720 |
| Savings and temporary cash investments | $78,800 |
| Pledges and grants receivable | $9,912 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,399 |
| Investments—other securities | $381,227 |
| Investments—program-related | $0 |
| Intangible assets | $13,277 |
| Other assets | $1,050 |
| Total assets | $590,385 |
| Accounts payable and accrued expenses | $4,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $4,144 |
| Net assets without donor restrictions | $206,007 |
| Net assets with donor restrictions | $380,234 |
| 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 | $590,385 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Princeton Pro Musica has recieved totaling $23,156.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: Arts | $17,400 |
Edward And Elizabeth Gardner Foundation Lakewood Ranch, FL PURPOSE: TO FURTHER RECIPIENTS' EXPRESSED CHARIT PURP | $3,500 |
Honey Perkins Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $256 |
Endowment Analysis
| Beg. Balance | $423,578 |
| Earnings | -$49,966 |
| Admin Expense | $2,985 |
| Net Contributions | $30,000 |
| Other Expense | $19,400 |
| Ending Balance | $381,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |
Original Music Workshop Inc Brooklyn, NY | $4,224,196 | $2,706,667 |
Aaron Copland Fund For Music Inc New York, NY | $18,112,112 | $2,664,671 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |