The Princeton Festival a NJ Non-Profit Corporation
Nonprofit profile at a glance
- EIN
- 201346989
- IRS 990 coverage
- 2010–2021
- Forms available
- Form 990 2021
- Location
- Princeton, NJ, USA
- Phone
- 6097591979
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $438,519
- Expenses
- $965,974
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
14 people listed
People named in this filing
- Jane DeLung (Treasurer)
- Gail Kohn (Board Trustee)
- Anastasia Marty (Board Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enrich the communities we serve through a multi-dimensional, world-class performing arts summer festival. We create programs that excite, inform, inspire, and invite discovery and engagement as we aspire to become a nationally recognized arts destination.
What it reported doing in 2021
Providing a variety of performing arts productions of the highest professional quality through a multi-dimensional, world-class performing arts summer festival.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 9
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: $16.2 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -120.3%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 15.7% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 82.2% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $794K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors
- Filing history: 12 filing years from 2010 to 2021
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 1/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.