Princeton Project 55 INC

Tax-deductible

Princeton, NJ501(c)(3)EducationEIN 52-1647841Revenue $546K in FY2025

On file with the IRSalumnicorps.org12 Stockton St, 08540-6813 · Princeton, NJTax-exempt since Jan 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Princeton alumnicorps runs two core programs. The Project 55 fellowship places recently graduated Princeton seniors in one year nonprofit fellowships. Emerging leaders provides leadership development training to mid-career nonprofit professionals.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 150 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $139K a year · 15% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 12% of spending
Top officer’s pay higher than 87% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $71K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$77K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$546K
-32% vs prior year
Spent
$886K
To programs
77%
Net assets
$3.9M
By yearFY2020–FY2025
Revenue
$546K
FY2025▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$810K
FY2021$1.1M
FY2022$1.9M
FY2023$538K
FY2024$809K
FY2025$546K
Expenses
$886K
FY2025+0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$778K
FY2021$689K
FY2022$770K
FY2023$773K
FY2024$883K
FY2025$886K
Net assets
$3.9M
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.7M
FY2022$4.0M
FY2023$3.9M
FY2024$4.0M
FY2025$3.9M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $680K Management & general 11% · $99K Fundraising 12% · $107K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$110,113Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kimme Carlos’s $110K as Executive Director is at the 87th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Kimme Carlos$110,113$106,024$70,137——
Kef Kasdin———$49,250$97,250
Caryn Tomljanovich——$89,236——
Caryn Tonljanovich———$81,500—
Kef Kasdin President Former Executi———$49,250—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Princeton Project 55 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Places recent graduates in nonprofit fellowships and trains mid-career nonprofit leaders.

Provided by the organization

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3 programs · $618K · in their own filed words · FY2024
01

Emerging leaders-emerging leaders professional development program that is designed to help aspiring and emerging nonprofit leaders develop leadership capabilities, management skills and confidence to advance their professional contributions and accelerate their careers in the nonprofit SECTOR.THE program is intended to yield…

$300Kprogram expense
02

Princeton project 55 (PP55)FELLOWSHIPS (formerly public interest program and public health fellowships) the mission of alumnicorps project 55 fellowship program is to provide opportunities for recent princeton graduates to develop a lifelong commitment to civic engagement, leadership development and LEARNING.SINCE our inception, we have…

$230Kprogram expense
03

35th anniversary program-honored the 35 years of success and established the center for civic LEADERSHIP.THIS physical space enables the organization to provide digital and onsite training opportunities including: annual civic engagement speaker series, civic leadership seminars and workshops, lunch & learn mentorship opportunities…

$88Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$546K
Ln 12
Gifts and grantsLn 1h$364K
Investment incomeLn 3$105K
Other incomeLn 4–11$45K
Money outPt IX
$886K
Ln 25
Programscol B$680K
Managementcol C$99K
Fundraisingcol D$107K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$3.9M
LiabilitiesLn 26$77K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$364K
Fees for servicesLn 2g$33K
Investment incomeLn 3$105K
Other incomeLn 4–11$45K
Gains on assetsLn 7$36K
Total revenueLn 12$546K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$960K
Other assetsLn 15$12K
Total assetsLn 16$3.9M
LiabilitiesLn 26$77K
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 56
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$328K$34K
InvestmentsLn 11–13$2.6M$2.8M
Land, buildings, equipmentLn 10c$994K$960K
Total assetsLn 16$4.0M$3.9M
LiabilitiesLn 26$59K$77K
Net assetsLn 32$4.0M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$83K$11K$17K
Other salaries and wagesLn 7$349K$280K$25K$44K
Pension plan contributionsLn 8$4K$3K$340$573
Other employee benefitsLn 9$52K$41K$4K$7K
Payroll taxesLn 10$40K$31K$3K$5K
Management feesLn 11a$94K$76K$4K$13K
Accounting feesLn 11c$34K$0$34K$0
Investment management feesLn 11f$12K$9K$1K$1K
Advertising and promotionLn 12$6K$4K$563$2K
Office expensesLn 13$5K$4K$292$312
Information technologyLn 14$27K$21K$3K$3K
OccupancyLn 16$18K$14K$2K$2K
TravelLn 17$10K$10K$257$279
Conferences, conventions and meetingsLn 19$32K$31K$804$871
InterestLn 20$704$611$45$48
Depreciation, depletion and amortizationLn 22$36K$28K$4K$4K
InsuranceLn 23$13K$10K$1K$2K
Other expenses (24a–d)Ln 24$43K$33K$5K$5K
Total functional expensesLn 25$886K$680K$99K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $546K$886K−$339K$3.9M 990 PDF
FY2024 $809K$883K−$74K$4.0M 990 PDF
FY2023 $538K$773K−$235K$3.9M 990 PDF
FY2022 $1.9M$770K$1.1M$4.0M 990 PDF
FY2021 $1.1M$689K$369K$3.7M 990 PDF
FY2020 $810K$778K$32K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $546,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $549,436$363,674
I-9 Program service revenuePrior year $75,509$33,337
I-10 Investment incomePrior year $136,191$104,711
I-11 Other revenuePrior year $47,681$44,638
I-12 Total revenuePrior year $808,817$546,360
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $515,445$554,925
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $367,673$330,699
I-18 Total expensesPrior year $883,118$885,624
I-19 Revenue less expensesPrior year −$74,301−$339,264
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $546,360 across 7 lines filed
VIII-1f All other contributions, gifts and grants$363,674
VIII-1h Total contributions, gifts and grants$363,674
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$33,337
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $68,582$68,582
VIII-6 Net rental income or lossExcluded from tax $44,638$44,638
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $36,129$36,129
VIII-12 Total revenueRelated to mission $33,337 · Unrelated business $0 · Excluded from tax $149,349$546,360
Part IX · Statement of functional expenses $885,624 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $82,585 · Management $11,011 · Fundraising $16,517$110,113
IX-7 Other salaries and wagesPrograms $280,396 · Management $24,741 · Fundraising $43,836$348,973
IX-8 Pension plan contributionsPrograms $3,449 · Management $340 · Fundraising $573$4,362
IX-9 Other employee benefitsPrograms $41,005 · Management $4,039 · Fundraising $6,818$51,862
IX-10 Payroll taxesPrograms $31,322 · Management $3,085 · Fundraising $5,208$39,615
IX-11a Management feesPrograms $76,192 · Management $4,001 · Fundraising $13,396$93,589
IX-11c Accounting feesPrograms $0 · Management $33,510 · Fundraising $0$33,510
IX-11f Investment management feesPrograms $9,347 · Management $1,313 · Fundraising $1,405$12,065
IX-12 Advertising and promotionPrograms $4,180 · Management $563 · Fundraising $1,617$6,360
IX-13 Office expensesPrograms $4,395 · Management $292 · Fundraising $312$4,999
IX-14 Information technologyPrograms $20,781 · Management $2,919 · Fundraising $3,147$26,847
IX-16 OccupancyPrograms $13,704 · Management $1,925 · Fundraising $2,061$17,690
IX-17 TravelPrograms $9,782 · Management $257 · Fundraising $279$10,318
IX-19 Conferences, conventions and meetingsPrograms $30,558 · Management $804 · Fundraising $871$32,233
IX-20 InterestPrograms $611 · Management $45 · Fundraising $48$704
IX-22 Depreciation, depletion and amortizationPrograms $27,951 · Management $3,988 · Fundraising $4,268$36,207
IX-23 InsurancePrograms $10,204 · Management $1,433 · Fundraising $1,534$13,171
IX-24 Other expenses (24a–d)Programs $33,288 · Management $4,676 · Fundraising $5,042$43,006
IX-25 Total functional expensesPrograms $679,750 · Management $98,942 · Fundraising $106,932$885,624
Part X · Balance sheet $3,937,424 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $328,151$33,721
X-3 Pledges and grants receivableStart of year $130,045$69,316
X-4 Accounts receivableStart of year $344$9,257
X-9 Prepaid expenses and deferred chargesStart of year $17,644$20,411
X-10c Land, buildings and equipment, netStart of year $993,688$959,747
X-11 Publicly traded securitiesStart of year $2,562,676$2,832,599
X-15 Other assetsStart of year $15,073$12,373
X-16 Total assetsStart of year $4,047,621$3,937,424
X-17 Accounts payable and accrued expensesStart of year $43,680$63,294
X-19 Deferred revenueStart of year $150$491
X-26 Total liabilitiesStart of year $59,003$76,541
X-27 Net assets without donor restrictionsStart of year $1,666,547$1,570,814
X-28 Net assets with donor restrictionsStart of year $2,322,071$2,290,069
X-32 Total net assets or fund balancesStart of year $3,988,618$3,860,883
X-33 Total liabilities and net assetsStart of year $4,047,621$3,937,424
Part XI · Reconciliation of net assets $3,860,883 net assets at year end
XI-1 Total revenue$546,360
XI-2 Total expenses$885,624
XI-3 Revenue less expenses−$339,264
XI-4 Net assets at start of year$3,988,618
XI-5 Net unrealized gains (losses) on investments$211,529
XI-10 Net assets at end of year$3,860,883

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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