Principle Foundation
- Assets
- $6.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Overland Park, KS
- Founding
- 12/1959
- Data as of
- 12/2023
- 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 12/2023, Principle Foundation employed 22 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 12/2023, Principle Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 16.5% per year over the past 8 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
2023
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
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.
CHRISTIAN SCIENTIST FINANCIAL ASSISTANCE: ADMINISTER CHARITABLE GRANTS TO CHRISTIAN SCIENTISTS.
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. PROVIDING COORDINATION AND SUPPORT SERVICES FOR COLLABORATIVE ACTIVITIES WITHIN THE CHRISTIAN SCIENCE NURSING COMMUNITY.4. 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. 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. COMMUNITIES OF CHRISTIAN CARING: HELPS INDIVIDUALS AND GROUPS WORK TOGETHER WITHIN CHRISTIAN SCIENCE COMMUNITIES TO IDENTIFY RESOURCES AND ASSIST ONE ANOTHER IN SUPPORT OF HEALING. EMBRACED: FULLY SUPPORTS INMATES FOR SUCCESSFUL REENTRY WITH THE ASSISTANCE OF ANGEL TEAMS.IN 2019 TPFES 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.
DISASTER RELIEF: ADMINISTER CHARITABLE GRANTS TO CHRISTIAN SCIENTISTS RESIDING IN THE USA IMPACTED BY NATIONAL DISASTERS, INCLUDING THE PANDEMIC.THE CALL CENTER: PROVIDES USEFUL IDEAS AND RESOURCES OVER THE PHONE FOR CHRISTIAN SCIENTISTS REGARDING HOUSING, ASSISTANCE, AND CARE. THE CALL CENTER IS AVAILABLE TO HELP YOU THINK THROUGH A SITUATION AND POINT TO RESOURCES YOU MIGHT EXPLORE FOR YOURSELF OR A LOVED ONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Jeffrey Executive Director | OfficerTrustee | 30 | $148,160 |
Anna Lisa Kronman Board Chair | OfficerTrustee | 1.5 | $0 |
Joan Bernard Bradley Board Vice Chair | OfficerTrustee | 3 | $0 |
Rob Collier Treasurer | OfficerTrustee | 3 | $0 |
D Brian Boettiger Director | Trustee | 3 | $0 |
Charles Lindahl Director | Trustee | 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 | $1,000,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,512 |
| Total Program Service Revenue | $1,547,952 |
| Investment income | $105,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $832 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,719,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $465,353 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,753 |
| Compensation of current officers, directors, key employees. | $10,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $997,170 |
| Pension plan accruals and contributions | $30,286 |
| Other employee benefits | $1,999 |
| Payroll taxes | $93,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,818 |
| Fees for services: Accounting | $183,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,686 |
| Fees for services: Other | $250,744 |
| Advertising and promotion | $0 |
| Office expenses | $73,783 |
| Information technology | $150,701 |
| Royalties | $0 |
| Occupancy | $32,814 |
| Travel | $124,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,654 |
| Insurance | $13,438 |
| All other expenses | $0 |
| Total functional expenses | $2,832,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,625 |
| 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 | $8,317 |
| Net Land, buildings, and equipment | $1,576,017 |
| Investments—publicly traded securities | $3,989,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,278,601 |
| Accounts payable and accrued expenses | $79,673 |
| 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 | $941,996 |
| Total liabilities | $1,021,669 |
| Net assets without donor restrictions | $5,100,158 |
| Net assets with donor restrictions | $156,774 |
| 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 | $6,278,601 |