First Principles Inc is located in Crestwood, KY. The organization was established in 1995. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is the central organization for a national or regional group of organizations. First Principles 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 12/2021, First Principles Inc generated $98.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RESEARCH AND EDUCATION FOR CHARITABLE PURPOSES. EDUCATIONREGARDING RESTORING SOCIAL VALUES AND PRINCIPLES INTOOUR SOCIETY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eunice Van Winkle Ray President | 30 | $0 | |
Les Kepley Director | 0 | $0 | |
Emily Sears Director | 20 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $98,225 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $98,225 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $1,250 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $25,838 |
Total expenses | $27,088 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $71,440 |
Other assets | $0 |
Total assets | $85,348 |
Total liabilities | $10,202 |
Net assets or fund balances | $75,146 |
Over the last fiscal year, we have identified 2 grants that First Principles Inc has recieved totaling $80,000.
Awarding Organization | Amount |
---|---|
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: RONALD D. RAY LIBRARY OF AMERICAN HISTORY | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $30,000 |
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