Principia Corporation
- Assets
- $1.1b
- Revenue
- $256.9m
- Investments
- $583.8m
- Employees
- 1,112
- Location
- St Louis, MO
- Founding
- 10/1951
- Data as of
- 06/2022
- EIN
- 43-0652667
Organization Overview
Principia Corporation is located in St Louis, MO. The organization was established in 1951. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Principia Corporation employed 1,112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Principia Corporation 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, Principia Corporation generated $256.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $92.1m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 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
THE PRINCIPIA SHALL SEEK TO SERVE THE CAUSE OF CHRISTIAN SCIENCE THROUGH APPROPRIATE CHANNELS OPEN TO IT AS AN EDUCATIONAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: IN 1897, MARY KIMBALL MORGAN, A CHRISTIAN SCIENTIST, BEGAN HOME-SCHOOLING HER TWO SONS BECAUSE SHE BELIEVED SHE COULD GIVE THEM A FULLER EDUCATION THAN WHAT WAS BEING OFFERED IN THE PUBLIC SCHOOLS. GRADUALLY, IT BECAME APPARENT TO MRS. MORGAN THAT THE ESTABLISHMENT OF A SCHOOL WAS NEEDED. THE NAME "PRINCIPIA", MEANING "FIRST PRINCIPLES," WAS CHOSEN FOR THE SCHOOL MRS. MORGAN ESTABLISHED IN 1898. PRINCIPIA'S PRIMARY PURPOSE IS TO SERVE THE CAUSE OF CHRISTIAN SCIENCE AS AN EDUCATIONAL INSTITUTION - NOT THROUGH TEACHING THE THEOLOGY OF CHRISTIAN SCIENCE, BUT THROUGH PROVIDING PROGRAMS WHICH WILL ALLOW ITS STUDENTS TO GROW INTELLECTUALLY, ATHLETICALLY, SOCIALLY, MORALLY, AND SPIRITUALLY WITH THE SUPPORT AND EXAMPLE OF FELLOW STUDENTS, FACULTY AND STAFF. PRINCIPIA STRIVES TO TRAIN ITS STUDENTS "TO THINK CLEARLY, VIGOROUSLY, FEARLESSLY, TOLERANTLY, UNSELFISHLY." TEACHING AT PRINCIPIA ALSO "EMPHASIZES THE POINT OF VIEW THAT EDUCATION CARRIES WITH IT THE OBLIGATION TO USE TECHNICAL SKILLS AND INTELLECTUAL ATTAINMENTS FOR THE BETTERMENT OF HUMANITY." PRINCIPIA "TAKES THE POSITION THAT EDUCATION IN ITS FULLEST SENSE CANNOT BE CONFINED TO ACADEMIC SUBJECTS BUT INCLUDES THE BUILDING OF CHARACTER" (FROM PURPOSE AND POLICIES OF THE PRINCIPIA). PRINCIPIA COLLEGE FACTS PRINCIPIA COLLEGE IS LOCATED IN ELSAH, ILLINOIS. THE CURRICULUM OFFERS MEN AND WOMEN COURSES IN 25 REGULAR ACADEMIC MAJORS LEADING TO EITHER A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. 31 STATES AND 26 COUNTRIES ARE REPRESENTED AMONG THE STUDENTS. NATIONAL PUBLICATIONS RECOGNIZE PRINCIPIA COLLEGE AS ONE OF THE TOP LIBERAL ARTS SCHOOLS IN THE MIDWEST. THE COLLEGE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS AND ENROLLS APPROXIMATELY 300-350 STUDENTS EACH ACADEMIC YEAR. PRINCIPIA SCHOOL FACTS PRE-SCHOOL, LOWER SCHOOL, MIDDLE SCHOOL, UPPER SCHOOL PRINCIPIA SCHOOL IS A COED BOARDING AND DAY SCHOOL FOR CHRISTIAN SCIENTISTS LOCATED ON A 360-ACRE CAMPUS IN THE WESTERN SUBURBS OF ST. LOUIS. INSTRUCTION IS PROVIDED TO APPROX. 375 STUDENTS IN PRE-SCHOOL THROUGH 12TH GRADE. OVER 90 PERCENT OF GRADUATING SENIORS GO ON TO COLLEGE. THE UPPER SCHOOL OFFERS 14 HONORS/AP CLASSES. 86% OF UPPER SCHOOL FACULTY HOLD ADVANCED DEGREES.
AUXILIARY ENTERPRISES: FOOD SERVICES ARE PROVIDED TO STUDENTS, FACULTY, AND STAFF THROUGH TWO FULL-SERVICE DINING ROOMS, PLUS A STUDENT GRILL. DORMITORIES PROVIDE HOUSING AT PRINCIPIA COLLEGE AT 12 HOUSES. THE ST. LOUIS CAMPUS ACCEPTS BOTH DAY AND BOARDING STUDENTS. UPPER AND MIDDLE SCHOOL BOARDING STUDENTS ARE HOUSED IN EITHER A BOYS OR GIRLS' DORMITORY. STUDENTS MAY PURCHASE A VARIETY OF SCHOOL SUPPLIES, BOOKS, CLOTHING, AND PERSONAL ITEMS AT EITHER THE COLLEGE OR SCHOOL BOOKSTORE.
STUDENT SERVICES: INCLUDES ADMISSIONS, REGISTRAR, COLLEGE ATHLETICS, OFFICE OF STUDENT LIFE AND HEALTH SERVICES. PRINCIPIA COLLEGE IS A MEMBER OF THE ST. LOUIS INTERCOLLEGIATE ATHLETIC CONFERENCE (SLIAC), WHICH INCLUDES 10 COLLEGES LOCATED IN KENTUCKY, ILLINOIS, IOWA, AND MISSOURI. PRINCIPIA TEAMS COMPETE IN 8 MEN'S AND 8 WOMEN'S SPORTS. NO ATHLETIC SCHOLARSHIPS ARE OFFERED BY ANY MEMBER OF SLIAC. PRINCIPIA COLLEGE MAINTAINS SEVERAL ATHLETIC FACILITIES, INCLUDING AN ATHLETIC CENTER, NATATORIUM, FIELD HOUSE, INDOOR TENNIS CENTER, 4 OUTDOOR FIELDS, OUTDOOR TENNIS COURTS, AND RUNNING TRAILS. UPPER SCHOOL STUDENTS MAY PARTICIPATE IN THE ST. LOUIS METRO LEAGUE IN ONE OR MORE SPORTS OF THE 18 OFFERED. THE ATHLETIC FACILITIES INCLUDE 3 GYMNASIUMS, AN INDOOR SWIMMING POOL, SOCCER FIELD, FOOTBALL FIELD, ALL-WEATHER RUNNING TRACK, BASEBALL AND SOFTBALL FIELDS, TENNIS COURTS, ROPES COURSE, AND CROSS COUNTRY COURSE. THE OFFICE OF STUDENT LIFE COORDINATES COLLEGE SOCIAL ACTIVITIES, INTERNATIONAL STUDENT SUPPORT, RESIDENTIAL LIVING, AND STUDENT GOVERNMENT.
OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee (from 6/2/22) | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Helmkamp Construction Co Construction Materials And Services | 6/29/22 | $20,494,149 |
Perfect Play Field And Links Construction Materials And Services | 6/29/22 | $2,314,849 |
Midwest Synthetic Turf Professionals Construction Materials And Services | 6/29/22 | $661,785 |
Conference Technologies Equipment And Services | 6/29/22 | $592,765 |
Mcclure Engineering Engineering Services | 6/29/22 | $517,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,150,970 |
| Noncash contributions included in lines 1a–1f | $1,201,065 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,150,970 |
| Total Program Service Revenue | $24,402,254 |
| Investment income | $140,766,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$67,353 |
| Net Gain/Loss on Asset Sales | $71,376,120 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,921,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| Grants and other assistance to domestic individuals. | $12,750,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,043,640 |
| Compensation of current officers, directors, key employees. | $1,655,687 |
| Compensation to disqualified persons | $421,221 |
| Other salaries and wages | $32,580,166 |
| Pension plan accruals and contributions | $1,121,966 |
| Other employee benefits | $7,001,530 |
| Payroll taxes | $2,488,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,156 |
| Fees for services: Accounting | $236,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,585,745 |
| Fees for services: Other | $4,159,733 |
| Advertising and promotion | $442,675 |
| Office expenses | $487,998 |
| Information technology | $2,278,220 |
| Royalties | $0 |
| Occupancy | $1,772,154 |
| Travel | $3,973,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225,227 |
| Interest | $946,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,586,334 |
| Insurance | $1,398,627 |
| All other expenses | $974,799 |
| Total functional expenses | $92,064,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,830,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,614,400 |
| Accounts receivable, net | $293,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,299,953 |
| Inventories for sale or use | $239,150 |
| Prepaid expenses and deferred charges | $1,613,668 |
| Net Land, buildings, and equipment | $172,236,272 |
| Investments—publicly traded securities | $300,574,282 |
| Investments—other securities | $583,803,882 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,269,205 |
| Total assets | $1,121,774,918 |
| Accounts payable and accrued expenses | $7,661,338 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,612,336 |
| 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 | $17,333,334 |
| Other liabilities | $28,335,367 |
| Total liabilities | $66,942,375 |
| Net assets without donor restrictions | $320,013,868 |
| Net assets with donor restrictions | $734,818,675 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,121,774,918 |
Grants Awarded
Over the last fiscal year, Principia Corporation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ballwin, MO PURPOSE: Help organization to assist Principia students during summer break | $10,000 |
North Bridgton, ME PURPOSE: To provide internship opportunities for students interested in careers in athletics or NGO's | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Principia Corporation has recieved totaling $366,418.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $148,700 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $50,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: Principia College support | $35,095 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $30,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $25,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $23,000 |
Endowment Analysis
| Beg. Balance | $717,144,022 |
| Earnings | $137,298,673 |
| Net Contributions | $1,513,400 |
| Other Expense | $35,298,304 |
| Grants | $12,287,694 |
| Ending Balance | $808,370,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Charter School Foundation Chicago, IL | $115,297,280 | $112,450,747 |
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Youth Connection Charter School Chicago, IL | $19,677,483 | $57,450,809 |
Latin School Of Chicago Chicago, IL | $156,636,530 | $50,037,538 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Harpeth Hall School Nashville, TN | $137,432,520 | $30,321,842 |
Christian Academy Of Louisville Inc Louisville, KY | $31,042,976 | $28,033,644 |