Nonprofit · EIN 52-1746234
PRINCETON AREA COMMUNITY FOUNDATION INC
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,887,454 | $36,801,508 | -$15,914,054 | $279,610,078 | $92,606,388 | $187,003,690 |
| December 31, 2023 | 990 | $25,299,437 | $19,550,271 | $5,749,166 | $272,241,294 | $83,946,053 | $188,295,241 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,711,370
- Program service revenue
- $0
- Investment income
- $4,721,312
- Net gain from sales of assets
- $2,910,628
- Other revenue
- $454,772
Expenses
- Grants and similar amounts paid
- $32,416,747
- Compensation of officers, directors and key employees
- $594,276
- Other salaries and wages
- $1,751,577
- Salaries, compensation and benefits (total)
- $2,798,852
- Professional fundraising fees
- $0
- Legal fees
- $27,275
- Occupancy
- $441,986
- Travel
- $7,759
- Depreciation
- $69,632
- Program services (functional)
- $34,414,912
- Management and general (functional)
- $1,155,884
- Fundraising (functional)
- $1,230,712
Balance sheet and other
- Total assets, start of year
- $272,241,294
- Total assets, end of year
- $279,610,078
- Total liabilities, end of year
- $92,606,388
- Net assets, end of year
- $187,003,690
- Land, buildings and equipment
- $337,546
- Publicly traded securities
- $25,703,426
- Net assets without donor restrictions
- $178,062,101
- Net assets with donor restrictions
- $8,941,589
- Gross receipts
- $54,166,151
- Employees
- 19
- Volunteers
- 60
- Year formed
- 1991
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA J LONGMAN | COO/CFO (interim CEO) Officer | 40 | $298,381 | $33,807 |
| MARCIA W SHACKELFORD | CHIEF PHILANTHROPY OFFICER Highest-paid employee | 40 | $206,725 | $42,137 |
| NELIDA VALENTIN | VICE PRESIDENT, GRANTS & PRGM Highest-paid employee | 40 | $201,098 | $27,928 |
| LYNNE TOYE | EXEC DIR OF NEW JERSEY ARTS Highest-paid employee | 40 | $185,695 | $29,658 |
| MICHAEL R NUNO | SENIOR DIR OF PHILANTHROPY Highest-paid employee | 40 | $162,333 | $23,109 |
| MICHELLE M SAHN | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $140,865 | $20,987 |
| Jeffrey Vega | President/CEO (Dec'd 1/28/24) Officer | 40 | $87,973 | $1,731 |
| SONIA DELGADO MGA | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| LOVERPREET BUTTAR | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SCOT D PANNERPACKERCPAABV CFF | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MARYGRACE BILLEK MSSW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NICOLE BRONZAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KA'NEDA N BULLOCK CFP MBA AIF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE DOWNS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEG FORRESTEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW K GOLDEN CFA | TRUSTEE Trustee or director | 1 | $0 |
| DR SHANNON MASON | TRUSTEE Trustee or director | 1 | $0 |
| HEATHER ESHELMAN MCCUSKER | TRUSTEE Trustee or director | 1 | $0 |
| VICTORIA RIVERA-CRUZ | TRUSTEE Trustee or director | 1 | $0 |
| JOHN P THURBER | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL ULLMANN | TRUSTEE Trustee or director | 1 | $0 |
| MIKE VAN WAGNER | TRUSTEE Trustee or director | 1 | $0 |
| ATIYA WEISS | TRUSTEE Trustee or director | 1 | $0 |
| TONYA WOODLAND MHRM MS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY VEGA Dec'd 1282024 | PRESIDENT & CEO Officer | 40 | $284,965 | $39,200 |
| LAURA LONGMAN | COO/CFO Officer | 40 | $223,163 | $26,583 |
| MARCIA SHACKELFORD | CHIEF PHILANTHROPY OFFICER Highest-paid employee | 40 | $196,132 | $34,867 |
| LYNNE TOYE | EXEC DIR OF NEW JERSEY ARTS Highest-paid employee | 40 | $191,862 | $23,672 |
| NELIDA VALENTIN | VICE PRESIDENT, GRANTS & PRGM Highest-paid employee | 40 | $185,130 | $24,341 |
| MIKE NUNO | SENIOR DIECTOR OF PHILANTHROPY Highest-paid employee | 40 | $159,096 | $19,685 |
| MICHELLE SAHN | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $126,870 | $17,011 |
| SONIA DELGADO MGA | Board CHAIR - TRUSTEE Trustee or director, Officer | 5 | $0 | $0 |
| ANTHONY J SKIP CIMINO | IMMEDIATE PAST CHAIR - TRUSTEE Trustee or director, Officer | 5 | $0 | $0 |
| SCOT D PANNEPACKER CPAABV | Board SECRETARY - TRUSTEE Trustee or director, Officer | 5 | $0 | $0 |
| MICHELLE EVERMAN CPA CGMA | TREASURER - TRUSTEE Trustee or director, Officer | 5 | $0 | $0 |
| NICOLE BRONZAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOVEPREET BUTTAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE DOWNS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PEG FORRESTEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Dr KATHRYN A KATE FOSTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW K GOLDEN CFA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR SHANNON MASON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HEATHER ESHELMAN MCCUSKER | Trustee Trustee or director | 1 | $0 | $0 |
| RAKIA REYNOLDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTORIA RIVERA-CRUZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN P THURBER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANNE M VANLENT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE VAN WAGNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ATIYA WEISS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TONYA WOODLAND MHRM MS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 212 CARNEGIE CTR STE 201, PRINCETON, NJ 08540-6240
- In care of
- % LAURA LONGMAN
- Principal officer (990 for 2024)
- Mathieu Nelessen, 212 Carnegie Center201, Princeton, NJ 08540
- Signed the 990
- Mathieu Nelessen, President and CEO
- Phone
- (609) 219-1800
- Website
- WWW.PACF.ORG
- Return prepared by
- WithumSmithBrown PC
Mission
THE COMMUNITY FOUNDATION PROMOTES PHILANTHROPY TO ADVANCE THE WELL-BEING OF OUR COMMUNITIES. THE COMMUNITY FOUNDATION HAS SEVERAL GRANTMAKING INITIATIVES IN THE AREAS OF EDUCATION, ARTS, BASIC HUMAN NEEDS, CAPACITY BUILDING, AND MORE.
Program accomplishments
- THE COMMUNITY FOUNDATION IS AN ACTIVE GRANTMAKER THROUGH SEVERAL GRANT PROGRAMS (INCLUDING GREATER MERCER GRANTS AND THE FUND FOR WOMEN & GIRLS) AND GRANTMAKING FROM DONOR-ADVISED, DESIGNATED, NONPROFIT, AND FIELD-OF-INTEREST FUNDS. THE COMMUNITY FOUNDATION'S STRATEGIC GRANTMAKING PROGRAM, ALL KIDS THRIVE, WAS DESIGNED TO ADDRESS HIGH RATES OF CHRONIC ABSENTEEISM IN LOCAL PUBLIC SCHOOLS. IN 2023, THE FIRST PHASE OF THE PROGRAM CONCLUDED. WE EVALUATED THE PROGRAM, CELEBRATED ITS SUCCESSES, AND TOOK STEPS TO BEGIN DESIGNING THE NEXT PHASE OF THE PROGRAM TO HELP CONTINUE TO MEET THE NEEDS OF LOW-INCOME STUDENTS AND THEIR FAMILIES. COMMUNITY IMPACT GRANTS SUPPORT NONPROFITS WORKING TO IMPROVE THE QUALITY OF LIFE FOR CHILDREN, FAMILIES AND COMMUNITIES, INCLUDING NONPROFITS FOCUSING ON FOOD INSECURITY, MENTAL HEALTH, ECONOMIC DEVELOPMENT AND ARTS EDUCATION. WE ALSO SUPPORT GIVING CIRCLES AND FIELD OF INTEREST FUNDS TO ENGAGE WOMEN AND MILLENNIALS IN PHILANTHROPY. THE COMMUNITY FOUNDATION ALSO MAKES GRANTS FROM DONOR-ADVISED, DESIGNATED, NONPROFIT AND FIELD OF INTEREST FUNDS. ITS PRIMARY FOCUS IS CENTRAL NEW JERSEY, BUT GRANTS FROM DONOR-ADVISED FUNDS ARE MADE REGIONALLY AND NATIONALLY AS WELL. COMPETITIVE GRANTS ADDRESS THE NEEDS OF LOW-INCOME PEOPLE IN GREATER MERCER COUNTY, PROVIDE OPERATING SUPPORT FOR NONPROFITS WORKING WITH LOW-INCOME PEOPLE, AND PROVIDE SUPPORT FOR WORK TO BUILD THE SOCIAL CAPITAL OF THE REGION. IN 2015 THE BOARD DEFINED SOCIAL CAPITAL AS BUILDING COMMUNITIES. THE COMMUNITY FOUNDATION'S GRANTMAKING TOUCHES MANY PROGRAMMATIC AREAS INCLUDING EDUCATION, BASIC SERVICES, HEALTH, ARTS & CULTURE, HOUSING, THE ENVIRONMENT, HISTORIC PRESERVATION, AND ANIMAL WELFARE. PROMOTING PHILANTHROPY AND PROVIDING EDUCATION: THE COMMUNITY FOUNDATION ACTIVELY ENGAGES ITS DONORS, GRANTEES, AND THE PROFESSIONAL ADVISORS IN THE REGION TO ENCOURAGE CHARITABLE GIVING BROADLY, AND TO BUILD OVER TIME A COMMUNITY-WIDE COMMITMENT TO PHILANTHROPY. IT SPONSORS SEMINARS AND WORKSHOPS ON TOPICS SUCH AS ENDOWMENT-BUILDING, GOOD GOVERNANCE, GRANT-SEEKING BEST PRACTICES, RISK MANAGEMENT, AND PLANNED GIVING. THE COMMUNITY FOUNDATION POSITIONS ITSELF AS A RESOURCE TO THE REGION AND REGULARLY RESPONDS TO REQUESTS FOR INFORMATION AND GUIDANCE. THE COMMUNITY FOUNDATION PARTNERS WITH OTHER ORGANIZATIONS SUCH AS THE COUNCIL OF NJ GRANTMAKERS, THE GIFT PLANNING COUNCIL OF NEW JERSEY, NJ CENTER FOR NONPROFITS, AND THE SUPPORT CENTER PARTNERSHIP IN PHILANTHROPY TO EXPAND ITS EDUCATIONAL OFFERINGS. OUTSIDE NON-PROFIT GROUPS CONDUCT RELATED WORKSHOPS ON ITS PREMISES. STAFF ARE AVAILABLE TO CONSULT WITH DONORS, NONPROFITS, PROFESSIONAL ADVISORS, AND COMMUNITY LEADERS ON ISSUES RELATED TO GIFTS, GRANTS, PARTNERSHIPS AND COLLABORATIONS, AND EFFECTIVE PHILANTHROPY AND NONPROFIT MANAGEMENT. IT SHARES ITS EXPERTISE WIDELY AS IT WORKS TO MEET ITS MISSION TO "PROMOTE PHILANTHROPY TO ADVANCE THE WELL-BEING OF OUR COMMUNITIES FOREVER." THE COMMUNITY FOUNDATION INCLUDES MANY SCHOLARSHIP FUNDS. IT GRANTS SCHOLARSHIPS AND AWARDS THROUGH COMPETITIVE PROCESSES TO SUPPORT COLLEGE STUDY AND TO HONOR ACHIEVEMENT IN THE ARTS, MUSIC, AND COMMUNITY SERVICE. THE COMMUNITY FOUNDATION'S LIABILITIES TO ASSETS RATIO INCREASES AS THE COMMUNITY FOUNDATION'S PORTFOLIO OF NON-PROFIT FUNDS INCREASE. AS PART OF ITS MISSION, THE COMMUNITY FOUNDATION ASSISTS LOCAL NON-PROFIT ORGANIZATIONS INVEST THEIR MONEY. THIS RELATIONSHIP WITH LOCAL NON-PROFIT FUNDHOLDERS IS IMPORTANT TO OUR MISSION AND SHOWS AS A LIABILITY ON OUR FINANCIAL STATEMENTS.Expenses $34,414,912 · grants $32,416,751 · revenue $454,772
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1746234
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $279,610,078
- Income (IRS master file)
- $54,166,151
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,887,454 | $36,801,508 | $279,610,078 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $25,299,437 | $19,550,271 | $272,241,294 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $25,007,087 | $22,547,043 | $240,180,528 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1746234).
Questions about PRINCETON AREA COMMUNITY FOUNDATION INC
- What is the EIN of PRINCETON AREA COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of PRINCETON AREA COMMUNITY FOUNDATION INC is 52-1746234.
- Is PRINCETON AREA COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to PRINCETON AREA COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRINCETON AREA COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRINCETON AREA COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRINCETON AREA COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRINCETON AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Mathieu Nelessen.
- Who are the officers and directors of PRINCETON AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 7 received compensation from the organization, the highest $298,381 (LAURA J LONGMAN, COO/CFO (interim CEO)).
- How much revenue does PRINCETON AREA COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,887,454, expenses of $36,801,508 and total assets of $279,610,078 at year end.
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