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
64 cents of each dollar spent went to programs.
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
30 people listed on the 990; $180K paid to officers and key staff.
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
| Name | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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.
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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.
Questions for Princeton Project 55 INC
Your first name shows with your question. Princeton Project 55 INC answers here, for everyone.
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Emerging leaders-the emerging leaders professional development program is designed to help aspiring and emerging nonprofit leaders develop the leadership capabilities, management skills and confidence to advance their professional contribution and accelerate their careers in the nonprofit SECTOR.THE program is intended to yield…
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 and to prepare for civic leadership.
Strategic plan-the organization completed its five year strategic plan in late 2020 and in late 2020 throughout 2021, embarked on a new strategic planning process. The process involved staff, board, program alumni and volunteers in the process. The plan is pending adoption by the board.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $281K | $403K |
| InvestmentsLn 11–13 | $1.7M | $2.3M |
| Land, buildings, equipmentLn 10c | $968K | $963K |
| Total assetsLn 16 | $3.1M | $3.7M |
| LiabilitiesLn 26 | $117K | $41K |
| Net assetsLn 32 | $3.0M | $3.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $133K | $73K | $13K | $48K |
| Other salaries and wagesLn 7 | $220K | $120K | $21K | $79K |
| Pension plan contributionsLn 8 | $5K | $3K | $457 | $2K |
| Other employee benefitsLn 9 | $16K | $9K | $1K | $6K |
| Payroll taxesLn 10 | $31K | $17K | $3K | $11K |
| Management feesLn 11a | $95K | $95K | $0 | $0 |
| Accounting feesLn 11c | $26K | $0 | $26K | $0 |
| Investment management feesLn 11f | $13K | $9K | $2K | $3K |
| Office expensesLn 13 | $46K | $36K | $6K | $3K |
| Information technologyLn 14 | $18K | $14K | $3K | $1K |
| OccupancyLn 16 | $39K | $30K | $6K | $3K |
| TravelLn 17 | $475 | $0 | $259 | $216 |
| Conferences, conventions and meetingsLn 19 | $6K | $6K | $147 | $0 |
| InterestLn 20 | $667 | $454 | $82 | $131 |
| Depreciation, depletion and amortizationLn 22 | $32K | $25K | $5K | $3K |
| InsuranceLn 23 | $7K | $6K | $1K | $599 |
| Total functional expensesLn 25 | $689K | $442K | $87K | $159K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $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 Viewing | $1.1M | $689K | $369K | $3.7M | 990 PDF |
| FY2020 | $810K | $778K | $32K | $3.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,058,122 revenue, 12 lines filed
Part VI · Governance 28 of 28 board members independent, no flags
Part VIII · Statement of revenue $1,058,122 across 8 lines filed
Part IX · Statement of functional expenses $688,878 across 16 lines filed
Part X · Balance sheet $3,745,951 assets, 13 lines filed
Part XI · Reconciliation of net assets $3,705,034 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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