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Nonprofiteer
← PRINCETON-IN-AFRICA

Form 990 for tax year 2022

Filed by PRINCETON-IN-AFRICA.

Totals

Total revenue
$524,313
Total expenses
$613,669
Contributions and grants received
$544,502
Grants paid
$87,811
Program service revenue
$9,450
Investment income
-$31,712
Other revenue
$2,073
Total assets, end of year
$1,176,324
Total liabilities, end of year
$81,499
Net assets or fund balances, end of year
$1,094,825
Program services expenses (Part IX)
$527,915
Management and general expenses
$61,856
Fundraising expenses
$23,898
Program service expenses (Part III)
$527,915

Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $544,502

  • 1g · Noncash contributions included above

    $61,545

  • 2a · Program service revenue: APPLICATION /FELLOW PLACEMENT

    total $9,450 · related or exempt $9,450

  • 3 · Investment income

    total $21,821 · excluded $21,821

  • 7a · Gross sales of assets other than inventory

    securities $561,527

  • 7b · Less cost or other basis and sales expenses

    securities $615,060

  • 7c · Gain or loss

    securities -$53,533

  • 7d · Net gain or loss

    total -$53,533 · excluded -$53,533

  • 11a · Other revenue: OTHER REVENUE

    total $2,073 · related or exempt $2,073

  • 11e · Other revenue, total

    $2,073

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $87,811 · program services $87,811

  • 5 · Compensation of officers, directors and key employees

    total $90,180 · program services $63,126 · management and general $18,036 · fundraising $9,018

  • 7 · Other salaries and wages

    total $202,103 · program services $185,903 · management and general $8,144 · fundraising $8,056

  • 9 · Other employee benefits

    total $23,665 · program services $20,647 · management and general $2,832 · fundraising $186

  • 10 · Payroll taxes

    total $24,398 · program services $20,787 · management and general $2,186 · fundraising $1,425

  • 11c · Fees: accounting

    total $14,890 · management and general $14,890

  • 11g · Fees: other

    total $21,640 · program services $19,590 · management and general $2,050

  • 13 · Office expenses

    total $3,628 · program services $122 · management and general $2,869 · fundraising $637

  • 14 · Information technology

    total $6,280 · program services $5,828 · management and general $452

  • 17 · Travel

    total $12,186 · program services $11,356 · management and general $772 · fundraising $58

  • 22 · Depreciation, depletion and amortization

    total $909 · management and general $909

  • 23 · Insurance

    total $20,332 · program services $17,507 · management and general $2,825

  • 24a · Other expenses: FELLOWS RETREAT

    total $73,499 · program services $73,499

  • 24b · Other expenses: FELLOWS ORIENTATION COSTS

    total $7,909 · program services $7,909

  • 24c · Other expenses: MARKETING

    total $5,946 · program services $1,379 · management and general $200 · fundraising $4,367

  • 24d · Other expenses: FELLOWSHIP EXPENSES

    total $5,679 · program services $5,079 · management and general $600

  • 24e · All other expenses

    total $12,614 · program services $7,372 · management and general $5,091 · fundraising $151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170,727 · end of year $133,807

  • 4 · Accounts receivable

    end of year $2,258

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,576 · end of year $5,462

  • 11 · Investments: publicly traded securities

    beginning of year $1,041,139 · end of year $1,029,686

  • 14 · Intangible assets

    beginning of year $3,406 · end of year $2,497

  • 15 · Other assets

    beginning of year $2,581 · end of year $2,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,112 · end of year $12,739

  • 19 · Deferred revenue

    beginning of year $41,850 · end of year $57,960

  • 25 · Other liabilities

    end of year $10,800

  • 27 · Net assets without donor restrictions

    beginning of year $1,165,467 · end of year $1,094,825

Mission and programs · 2022

Mission

PRINCETON IN AFRICA, INC. IS A PRIVATE NONPROFIT ORGANIZATION WHICH SEEKS TO HELP FUTURE LEADERS DEVELOP LIFELONG CONNECTIONS TO THE PEOPLE AND NATIONS OF AFRICA. THE ORGANIZATION OFFERS HIGHLY SELECTIVE YEARLONG FELLOWSHIPS TO RECENT COLLEGE GRADUATES WITH VARIETY OF ORGANIZATIONS ACROSS THE AFRICAN CONTINENT, WHICH HELPS ENABLE FELLOWS THROUGH THEIR WORK TO MAKE SIGNIFICANT CONTRIBUTIONS TO AFRICA'S WELL-BEING. THE ORGANIZATION ALSO ENCOURAGES FELLOWS TO CULTIVATE MEANINGFUL RELATIONSHIPS WITH COMMUNITIES IN AFRICA AND WITH ONE ANOTHER.

Activities or mission (Part I)

PRINCETON IN AFRICA SEEKS TO DEVELOP YOUNG LEADERS COMMITTED TO AFRICA'S ADVANCEMENT. TO ACCOMPLISH THIS WE OFFER OPPORTUNITIES FOR SERVICE THROUGH FELLOWSHIPS WITH A VARIETY OF ORGANIZATIONS THAT WORK ACROSS THE AFRICAN CONTINENT.

  • PRINCETON IN AFRICA, INC. IS A PRIVATE NONPROFIT ORGANIZATION WHICH SEEKS TO HELP FUTURE LEADERS DEVELOP LIFELONG CONNECTIONS TO THE PEOPLE AND NATIONS OF AFRICA. THE ORGANIZATION OFFERS HIGHLY SELECTIVE YEARLONG FELLOWSHIPS TO RECENT COLLEGE GRADUATES WITH VARIETY OF ORGANIZATIONS ACROSS THE AFRICAN CONTINENT, WHICH HELPS ENABLE FELLOWS THROUGH THEIR WORK TO MAKE SIGNIFICANT CONTRIBUTIONS TO AFRICA'S WELL-BEING. THE ORGANIZATION ALSO ENCOURAGES FELLOWS TO CULTIVATE MEANINGFUL RELATIONSHIPS WITH COMMUNITIES IN AFRICA AND WITH ONE ANOTHER.

    Expenses $527,915 · Grants $87,811

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Helen Ackley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katherine Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Amaka Anku

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bryant Blount

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Gilbert Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacob St Diamini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven Feldstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Fix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Holly Sanderson Garrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Graves-Bayazitoglu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Huntington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniela Kaisth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nancy Kanach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Aly Kassum-Remtulla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Emmanuel Kreike

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Maywar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • E Robert Meaney

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Mahiri Mwita

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chika Okeke-Agulu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Grace Penn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ettie Philitas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James F Robinson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Daniel Rubenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rob Wolk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2023
IRS schema version
2022v5.0
Source object
202342789349301334

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