Foundation Of The Rotary Club Of The Princeton Corridor Inc
- Assets
- $292.8k
- Revenue
- $34.8k
- Investments
- $263.8k
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/1991
- Data as of
- 06/2022
- EIN
- 22-3032210
Organization Overview
Foundation Of The Rotary Club Of The Princeton Corridor Inc is located in Princeton, NJ. The organization was established in 1991. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Rotary Club Of The Princeton Corridor Inc 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, Foundation Of The Rotary Club Of The Princeton Corridor Inc generated $34.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $38.2k during the year ending 06/2022. While expenses have increased by 10.7% 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.
Since 2015, Foundation Of The Rotary Club Of The Princeton Corridor Inc has awarded 43 individual grants totaling $152,706. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO OTHER 501(C)3 ORGANIZATIONS SERVING THE WEST WINDSOR PLAINSBORO AND CONTIGUOUS AREAS.
SCHOLARSHIPS TO WEST WINDSOR-PLAINSBORO STUDENTS AND SUPPORTING ORGANIZAITONS
GRANTS TO OTHER 501(C)3 ORGANIZATIONS SERVING THE INTERNATIONAL COMMUNITY.
GRANTS TO NEEDY FAMILIES IN THE WEST WINDSOR-PLAINSBORO AND CONTIGUOUS AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Molinelli President | 0 | $0 | |
Eric P Rosenblum Secretary | 0 | $0 | |
Salvatore Levatino Treasurer | 0 | $0 | |
Jim Kilduff Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,808 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $34,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $162 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,107 |
| Total operating and administrative expenses | $5,269 |
| Contributions, gifts, grants paid | $32,917 |
| Total expenses and disbursements | $38,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,052 |
| Savings and temporary cash investments | $19,232 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $4,675 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $263,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $292,764 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foundation Of The Rotary Club Of The Princeton Corridor Inc has awarded $18,917 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS GIRLS CLUB OF MERCER PURPOSE: CHARITABLE | $2,000 |
VARIOUS PURPOSE: CHARITABLE | $4,417 |
FISHERMAN'S MARK PURPOSE: CHARITABLE | $10,000 |
FRANKLIN FOOD BANK PURPOSE: CHARITABLE | $2,500 |