First Principles Inc
- Assets
- $40.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crestwood, KY
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 61-1233366
Organization Overview
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 12/2023, First Principles Inc generated $110.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $89.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 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
2023
Describe the Organization's Program Activity:
Part 3
RESEARCH AND EDUCATION FOR CHARITABLE PURPOSES. EDUCATIONREGARDING RESTORING SOCIAL VALUES AND PRINCIPLES INTOOUR SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eunice Van Winkle Ray President | 30 | $0 | |
Emily Sears Director | 20 | $0 | |
Les Kepley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,875 |
| 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 | $110,875 |
| 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 | $1,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $87,887 |
| Total expenses | $89,237 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,570 |
| Other assets | $0 |
| Total assets | $40,311 |
| Total liabilities | $10,442 |
| Net assets or fund balances | $29,869 |