Principles First Inc
- Assets
- $9.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-3634170
Organization Overview
Principles First Inc is located in Katy, TX. The organization was established in 2018. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Principles First 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, Principles First Inc generated $192.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $185.5k during the year ending 12/2021. While expenses have increased by 36.7% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
COUNSELING AND TRAINING FOR LOW INCOME YOUTH VIA YOUTH BASKETBALL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendrick Davis Executive Director | 40 | $12,890 | |
Russell Lewis Vice-President | 1 | $0 | |
Kendra Davis Treasurer | 1 | $0 | |
Niesha Brown Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $192,088 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $192,088 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,890 |
| Professional fees and other payments to independent contractors | $32,624 |
| Occupancy, rent, utilities, and maintenance | $139,944 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $185,458 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,781 |
| Other assets | $0 |
| Total assets | $9,781 |
| Total liabilities | $21,273 |
| Net assets or fund balances | -$11,492 |
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