The Principled Academy Inc is located in Berkeley, CA. The organization was established in 1973. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Principled Academy Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Principled Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Principled Academy Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A SAFE NURTURING LEARNING ENVIRONMENT WITH THE PARTNERSHIP OF PARENTS AND TEACHERS TO HELP STUDENTS FROM PRESCHOOL THRU 8TH GRADE ACHIEVE ACADEMIC AND MORAL EXCELLENCE IN COMMUNITY WITH OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPLED ACADEMY TPA WAS FOUNDED WITH FIVE CHILDREN IN A GARAGE. IT HAS GROWN TO ENCOMPASS AN EXTRAORDINARILY DIVERSE GROUP OF 120 STUDENTS FROM PRESCHOOL THROUGH 8TH GRADE. STUDENTS LEARN FROM AN EARLY AGE TO GET ALONG WITH AND TO VALUE OTHERS FROM DIFFERENT RACES ETHNICITIES RELIGIONS AND SOCIO-ECONOMIC BACKGROUNDS. TPA DOES NOT JUST PREPARE STUDENTS FOR AN INTER-CONNECTED WORLD IT ENABLES THEM TO DIRECTLY EXPERIENCE WORLD PEACE ON A MANAGEABLE LEVEL EVERY DAY. OUR SPECIAL FOCI ARE CHARACTER EDUCATION SOCIAL AND EMOTIONAL LEARNING AND ACADEMIC EXCELLENCE. OUR SMALL CLASS SIZES AND QUALIFIED AND EXPERIENCED TEACHING STAFF ENABLE EACH STUDENT TO BE INDIVIDUALLY UNDERSTOOD AND TO FLOURISH. THE TPA EARLY CHILDHOOD PRESCHOOL AND KINDERGARTEN CLASSES CA LICENSE #XXX-XX-XXXX IS IN THE INITIAL PHASE OF THE MULTI-YEAR ACCREDITATION PROCESS WITH THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN A PREMIER ACCREDITING BODY FOR EARLY CHILDHOOD PROGRAMS. WE ACCEPT UP TO 34 PRESCHOOLERS IN TWO CLASSROOMS WITH FOUR TEACHERS AND AN AIDE AND UP TO 18 KINDERGARTEN STUDENTS WITH A TEACHER AND AN ASSOCIATE TEACHER. THIS IS SIGNIFICANTLY MORE BENEFICIAL TO OUR PRESCHOOLERS THAN THE LEGAL RATIO OF ONE TEACHER FOR 12 PRESCHOOL STUDENTS. BY HAVING MORE QUALIFIED CARING ADULTS IN THE CLASSROOMS EACH CHILD CAN EXPERIENCE MORE INDIVIDUAL ATTENTION WITH ADULTS HELPING THE CHILD TEASE OUT THE IMPLICATIONS OF WHAT S HE IS OBSERVING THEREBY EXTENDING THE CHILD'S EXCITING DISCOVERY OF NEW KNOWLEDGE. THE OPPORTUNITY TO HEAR COMPLEX SENTENCES REGULARLY HELPS DEVELOP HIS HER PRE-READING SKILLS. DISCIPLINE CHALLENGES ARE ALSO MINIMIZED AS ALERT STAFF MEMBERS CAN REDIRECT STUDENTS BEFORE BEHAVIOR INCIDENTS OCCUR. PARENTS RECEIVE BI-WEEKLY E-NEWSLETTERS ABOUT THE LESSONS BEING COVERED SO THEY CAN ENGAGE IN STIMULATING CONVERSATIONS WITH THEIR CHILDREN. ALL OF OUR STUDENTS PRESCHOOL THROUGH 8TH GRADE HAVE A DEDICATED CLASS PERIOD EACH DAY FOR CHARACTER EDUCATION AND SOCIAL EMOTIONAL LEARNING. EACH MONTH IS DEDICATED TO A SPECIFIC VIRTUE AND RELATED COMMUNITY SERVICE. THE SCHOOL DAY IN EACH CLASS BEGINS WITH A TEACHER READING STORIES OR BIOGRAPHIES OF PEOPLE WHO EXEMPLIFY EACH VIRTUE OR OLDER STUDENTS SHARING AN ORIGINAL SKIT PUPPET SHOW OR VIDEO DESIGNED TO HELP YOUNGER STUDENTS UNDERSTAND PRINCIPLED BEHAVIOR. EACH MONTH THE SCHOOL AS A WHOLE PARTICIPATES IN A COMMUNITY SERVICE LEARNING PROJECT WHICH HELPS STUDENTS TO EXPERIENCE FIRST-HAND THE POWER THEY HAVE EVEN AS YOUNG PEOPLE TO CONTRIBUTE TO THE COMMON GOOD. EXAMPLES INCLUDE VISITING SENIOR CENTERS WITH HAND MADE CARDS FOR THE SENIORS PERFORMING FOR AND READING TO SENIORS; CAROLING AT COMMUNITY VENUES; RAISING MONEY FOR UNICEF THROUGH A VERY POPULAR TPA CELEBRATION CALLED TRUNK OR TREAT; CONDUCTING A BIKE A THON ON BEHALF OF RESEARCH ORGANIZATIONS LIKE THE AMERICAN HEART ASSOCIATION AND THE NATIONAL MS MULTIPLE SCLEROSIS SOCIETY; DOING A CANNED FOOD DRIVE FOR THE ALAMEDA COUNTY FOOD BANK AND VOLUNTEERING AT THE FOOD BANK FOR OLDER STUDENTS AND SO ON. LEARNING THE VALUE OF AND PRACTICING HABITS OF GOOD CHARACTER LIKE OUR CORE VALUES RESPECT INTEGRITY HONESTY CARING AND LEADERSHIP POSITIVELY IMPACTS OUR STUDENTS ACADEMIC PERFORMANCE. WITH SMALL CLASSES APPROXIMATELY 10-15 STUDENTS PER GRADE AND QUALIFIED AND EXPERIENCED TEACHERS TPA STUDENTS HAVE SUPPORT WHICH HELPS THEM TO DEVELOP THEIR ACADEMIC POTENTIAL TO THE FULLEST. ABOUT HALF OF OUR 8TH GRADE GRADUATES ATTEND PRIVATE SCHOOLS MAINLY CATHOLIC HIGH SCHOOLS LIKE BISHOP O'DOWD ST. JOSEPH NOTRE DAME AND MOREAU AND HALF ATTEND LOCAL PUBLIC SCHOOLS. EVEN THOUGH TPA IS SMALL 135 STUDENTS OUR 8TH GRADERS HAVE ATTAINED KEY LEADERSHIP POSITIONS E.G. CLASS PRESIDENT STUDENT BODY PRESIDENT IN BOTH PUBLIC AND PRIVATE HIGH SCHOOLS. IN THEIR 7TH AND 8TH GRADE YEARS OUR STUDENTS HAVE A WEEKLY CLASS IN ORATORY WHERE THEY LEARN TO SPEAK EFFECTIVELY TO A SMALL GROUP. THIS HELPS THEM TO EXPRESS THEIR IDEAS CLEARLY IN HIGH SCHOOL AND COLLEGE. PRINCIPLED ACADEMY ALUMNI HAVE MATRICULATED AT PRESTIGIOUS UNIVERSITIES INCLUDING UC BERKELEY UCLA UC DAVIS UC SAN DIEGO THE AIR FORCE ACADEMY HARVEY MUDD COLLEGE THE FASHION INSTITUTE OF TECHNOLOGY IN NYC SMITH COLLEGE SANTA CLARA UNIVERSITY ST. MARYS COLLEGE VARIOUS CAL STATE UNIVERSITY CAMPUSES AND OTHERS. SINCE THE SCHOOLS FOUNDING IN 1988 SOME OF OUR OLDER ALUMNI HAVE COMPLETED OR ARE CURRENTLY PURSUING GRADUATE DEGREES AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY UC BERKELEY UC MERCED SAN FRANCISCO STATE UNIVERSITY CAL STATE UNIVERSITY EAST BAY AND OTHER FINE INSTITUTIONS. WE ARE PROUD OF THEIR ACCOMPLISHMENTS. TPA SPONSORS BOTH BOY SCOUTS AND GIRL SCOUTS ON OUR CAMPUS. SEVERAL OF OUR FORMER STUDENTS HAVE RETURNED TO OUR CAMPUS DURING THEIR HIGH SCHOOL YEARS TO COMPLETE A PROJECT WHICH BENEFITS THE PRINCIPLED ACADEMY AS AN INTEGRAL PART OF EARNING THE HIGHLY PRESTIGIOUS EAGLE SCOUT AWARD. WE ARE TOUCHED BY THEIR SINCERE DESIRE TO ASSIST THEIR ALMA MATER AND GREATLY IMPRESSED WITH THEIR ENTHUSIASTIC AND PROFESSIONAL EFFORTS. THE PRINCIPLED ACADEMY IS CERTIFIED TO ACCEPT FOREIGN STUDENTS THROUGH THE STUDENT EXCHANGE VISITOR PROGRAM OF THE UNITED STATES GOVERNMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Mose Durst Director President Teacher | OfficerTrustee | 10 | $21,000 |
Kristina Seher Director Secretary | OfficerTrustee | 1 | $0 |
Alan Seher Director Treasurer Vice President | OfficerTrustee | 1 | $0 |
Noah Ross Director | Trustee | 1 | $0 |
Matthew Morrison Director | Trustee | 1 | $0 |
Kevin Thompson Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $64,682 |
Investment income | $8,259 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $7,482 |
Net Income from Fundraising Events | $1,717 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,191,889 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $99,750 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $778,477 |
Pension plan accruals and contributions | $4,788 |
Other employee benefits | $2,222 |
Payroll taxes | $68,072 |
Fees for services: Management | $1,600 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,524 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,373 |
Fees for services: Other | $26,041 |
Advertising and promotion | $17,979 |
Office expenses | $25,359 |
Information technology | $4,935 |
Royalties | $0 |
Occupancy | $28,274 |
Travel | $66 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,402 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $29,495 |
Insurance | $23,413 |
All other expenses | $0 |
Total functional expenses | $1,216,232 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $62,489 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,357 |
Investments—publicly traded securities | $446,548 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $924,080 |
Accounts payable and accrued expenses | $25,195 |
Grants payable | $0 |
Deferred revenue | $26,857 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $52,052 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $872,028 |