Princeton Public Library Foundation Inc
- Assets
- $17.6m
- Revenue
- $1.3m
- Investments
- $1.7m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 22-3494366
Organization Overview
Princeton Public Library Foundation Inc is located in Princeton, NJ. The organization was established in 1998. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Public Library Foundation 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 12/2023, Princeton Public Library Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
PRIMARY PURPOSE IS TO PROVIDE SUPPLEMENTAL SUPPORT AND CONDUCT ACTIVITIES FOR THE BENEFIT OF THE FREE PUBLIC LIBRARY OF PRINCETON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPLEMENTARY SUPPORT AND CONDUCTING ACTIVITES FOR THE BENEFIT OF THE FREE PUBLIC LIBRARY OF PRINCETON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Podolsky Secretary And Library Director | OfficerTrustee | 5 | $0 |
Rosalind Muir President/director | OfficerTrustee | 5 | $0 |
Shalu Naso Vice President/director | OfficerTrustee | 5 | $0 |
Nicky Katz Treasurer/director | OfficerTrustee | 5 | $0 |
Swati Bhatt Director | Trustee | 5 | $0 |
Andrea Bradley Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,437 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $566,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $694,892 |
| Total Program Service Revenue | $178,461 |
| Investment income | $374,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,322 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,345,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,252,790 |
| 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 | $0 |
| 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 | $29,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,856 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,923 |
| Information technology | $8,699 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $3,593 |
| All other expenses | $0 |
| Total functional expenses | $1,392,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $606,278 |
| Pledges and grants receivable | $280,208 |
| 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 | $7,518 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,952,180 |
| Investments—other securities | $1,677,320 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,194 |
| Total assets | $17,559,698 |
| Accounts payable and accrued expenses | $18,847 |
| Grants payable | $687,255 |
| 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 | $706,102 |
| Net assets without donor restrictions | $11,070,745 |
| Net assets with donor restrictions | $5,782,851 |
| 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 | $17,559,698 |