Princeton High School Foundation
- Assets
- $2.8m
- Revenue
- $294.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, IL
- Founding
- 03/1994
- Data as of
- 06/2023
- EIN
- 36-3832624
Organization Overview
Princeton High School Foundation is located in Princeton, IL. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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 High School Foundation 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 High School Foundation generated $294.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $273.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Princeton High School Foundation has awarded 12 individual grants totaling $315,954. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROGRAM AND CLASSROOM ENHANCEMENT: SPECIAL NEEDS NOVELS AND VIDEOS, LIBRARY BOOKS, GRAPHING CALCULATORS, PRESENTER, AND DVDS FOR THE PRINCETON HIGH SCHOOL.
SPECIAL PROGRAM AND CLASSROOM ENHANCEMENT: LITERACY INVOLVEMENT MATERIAL, DVDS/VIDEOS, MUSIC, BOOKS, AND OTHER LEARNING AIDS FOR PRINCETON ELEMENTARY SCHOOLS.
TUITION GRANTS FOR PRINCETON HIGH SCHOOL STUDENTS ENROLLED AT ILLINOIS VALLEY COMMUNITY COLLEGE AND VARIOUS OTHER COLLEGES AS INDIVIDUALLY AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Smith President | OfficerTrustee | 0.5 | $0 |
Ben Gutshall Vice President | OfficerTrustee | 0.5 | $0 |
John Standley Treasurer | OfficerTrustee | 0.5 | $0 |
Kirsten Murray Secretary | OfficerTrustee | 0.5 | $0 |
Laura Favia Board Member | Trustee | 0.5 | $0 |
Denise Doan Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,414 |
| Total Program Service Revenue | $0 |
| Investment income | $80,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,387 |
| Net Income from Fundraising Events | -$7,676 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $213,331 |
| Grants and other assistance to domestic individuals. | $39,000 |
| 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 | $2,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,282 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $591 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $100 |
| Total functional expenses | $273,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,293 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,498 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,751,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,765,369 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,765,369 |
| Net assets with donor restrictions | $0 |
| 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 | $2,765,369 |
Grants Awarded
Over the last fiscal year, Princeton High School Foundation has awarded $213,331 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON HIGH SCHOOL PURPOSE: SPECIAL PROGRAM AND CLASSROOM ENHANCEMENT | $202,716 |
PRINCETON ELEMENTARY SCHOOLS PURPOSE: SPECIAL PROGRAM AND CLASSROOM ENHANCEMENT | $10,615 |