Principle Foundation
- Assets
- $5.9m
- Revenue
- $4.2m
- Investments
- $4.4k
- Employees
- 16
- Location
- Overland Park, KS
- Founding
- 12/1959
- Data as of
- 12/2021
- EIN
- 43-0816306
Organization Overview
Principle Foundation is located in Overland Park, KS. The organization was established in 1959. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Principle Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Principle Foundation 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 12/2021, Principle Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 15.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RENDER PRACTICAL SUPPORT TO FELLOW CHRISTIAN SCIENTISTS AND SUPPORT THEM IN SIMILAR BENEVOLENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISASTER RELIEF: ADMINISTER CHARITABLE GRANTS TO CHRISTIAN SCIENTISTS RESIDING IN THE USA IMPACTED BY NATIONAL DISASTERS, INCLUDING THE PANDEMIC.
CHRISTIAN SCIENTIST FINANCIAL ASSISTANCE: ADMINISTER CHARITABLE GRANTS TO CHRISTIAN SCIENTISTS.
ADMINISTER THE NATIONAL FUND FOR CHRISTIAN SCIENCE NURSING. THIS FUND IS A SUPPORTING ORGANIZATION OF THE PRINCIPLE FOUNDATION AND OFFERS FINANCIAL ASSISTANCE TO THOSE WHO NEED HELP IN PAYING FOR CHRISTIAN SCIENCE NURSING CARE.
THE PRINCIPLE FOUNDATION EXTENDED SERVICES (TPFES): 1. OFFER GRANTS TO RETIRED CHRISTIAN SCIENCE NURSES WHO CAN DEMONSTRATE FINANCIAL NEED OR DISTRESS.2. OFFER INFORMATION SERVICES TO CHRISTIAN SCIENTISTS WHO MAY NEED HELP IN GETTING INFORMATION ON CHRISTIAN SCIENCE NURSING, HOUSING OPTIONS FOR SENIOR CHRISTIAN SCIENTISTS, AND HELP AVAILABLE TO THEM AND HOW TO PAY FOR IT.3. PROVING COORDINATION AND SUPPORT SERVICES FOR COLLABORATIVE ACTIVITIES WITHIN THE CHRISTIAN SCIENCE NURSING COMMUNITY.4. (NEW) ADMINISTER A GRANT PROGRAM (THE INTERNATIONAL FUND FOR CHRISTIAN SCIENCE NURSING) FOR PATIENTS OF CHRISTIAN SCIENCE NURSING OUTSIDE THE USA WHO MAY NEED FINANCIAL ASSISTANCE TO PAY FOR THIS CARE.5. (NEW) SUPPORT AN INTERN PROGRAM (CHRISTIAN SCIENCE NURSING YOUTH SERVICE CORPS) TO HELP CHRISTIAN SCIENTISTS, AGES 18-30, WORK AND LEARN AT CHRISTIAN SCIENCE NURSING ORGANIZATIONS. TPFES BEGAN AS A PROGRAM OF THE PRINCIPLE FOUNDATION IN 2019. HOWEVER, IN 2020, TO EXTEND AND EXPAND THE ACHIEVEMENT OF ITS MISSION, IT WAS ESTABLISHED AS A SUPPORTING ORGANIZATION TO THE PRINCIPLE FOUNDATION, THE ORGANIZATION HAS AN ADMINISTRATIVE SERVICES AGREEMENT WITH THE PRINCIPLE FOUNDATION, WHICH PROVIDES ADMINISTRATIVE SERVICES NECESSARY TO MAINTAIN AND OPERATE THE PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Jeffrey Executive Director | OfficerTrustee | 30 | $133,153 |
Arcadia Nones President | OfficerTrustee | 3 | $0 |
Joan Bernard Bradley Secretary | OfficerTrustee | 3 | $0 |
Jennifer Hebert Treasurer | OfficerTrustee | 3 | $0 |
Anna Lisa Kronman Vice President | OfficerTrustee | 1.5 | $0 |
Rob Collier Director/treasurer | OfficerTrustee | 3 | $0 |
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 | $2,542,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,542,379 |
| Total Program Service Revenue | $1,279,222 |
| Investment income | $75,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $546 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $335,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,237,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,181 |
| Grants and other assistance to domestic individuals. | $540,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,221 |
| Compensation of current officers, directors, key employees. | $32,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $699,814 |
| Pension plan accruals and contributions | $142,659 |
| Other employee benefits | $3,417 |
| Payroll taxes | $73,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,097 |
| Fees for services: Accounting | $124,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,709 |
| Fees for services: Other | $20,382 |
| Advertising and promotion | $5,263 |
| Office expenses | $52,920 |
| Information technology | $81,200 |
| Royalties | $0 |
| Occupancy | $75,671 |
| Travel | $34,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,369 |
| Insurance | $15,164 |
| All other expenses | $0 |
| Total functional expenses | $2,156,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,758,204 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,068 |
| 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 | $8,756 |
| Net Land, buildings, and equipment | $1,000,267 |
| Investments—publicly traded securities | $3,042,608 |
| Investments—other securities | $4,370 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,426 |
| Total assets | $5,935,699 |
| Accounts payable and accrued expenses | $201,342 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,720 |
| Total liabilities | $212,062 |
| Net assets without donor restrictions | $5,363,962 |
| Net assets with donor restrictions | $359,675 |
| 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 | $5,935,699 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Principle Foundation has recieved totaling $27,111.
| Awarding Organization | Amount |
|---|---|
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $10,000 |
Anetta G Schneider Charitable Trust 02-24872 Po Box Chica, IL PURPOSE: GENERAL | $8,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,275 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
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United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Mccalls Chapel School Inc Ada, OK | $9,915,625 | $11,707,804 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Oklahoma State University Research Foundation Inc Stillwater, OK | $8,047,594 | $10,291,004 |
Trinity Academy Incorporated Wichita, KS | $26,619,610 | $9,316,406 |
City Garden Montessori School St Louis, MO | $12,889,488 | $6,696,246 |
Cns International Ministries Inc Bethel, MO | $18,863,964 | $6,038,250 |