Principle Cares Inc
- Assets
- $128.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garner, NC
- Founding
- 04/2019
- EIN
- 82-5272805
Organization Overview
Principle Cares Inc is located in Garner, NC. The organization was established in 2019. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Principle Cares 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 undefined, Principle Cares Inc generated $65.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $6.0k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 3 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
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO LOW INCOME EMPLOYEES OF PRINCIPLE LONG TERM CARE, INC., ITS PARENT COMPANY, AND ITS SUBSIDIARIES WHO ARE EXPERIENCING A CRISIS THAT COULD IMPACT THEM FINANCIALLY.
THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO LOW INCOME EMPLOYEES OF PRINCIPLE LONG TERM CARE, INC., ITS PARENT COMPANY, AND ITS SUBSIDIARIES WHO ARE EXPERIENCING A CRISIS THAT COULD IMPACT THEM FINANCIALLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gale Boice Board Member | 4 | $0 | |
Andy Koha Board Member | 4 | $0 | |
Shayne Lombard Board Member | 4 | $0 | |
Jamie Mckeel Board Member | 4 | $0 | |
Jonathan White Board Member | 4 | $0 | |
Phillip Jones Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,526 |
| 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 | $65,526 |
| Statement of Expenses | |
|---|---|
| Total expenses | $6,012 |
| Balance Sheet | |
|---|---|
| Total assets | $128,476 |
| Total liabilities | $0 |
| Net assets or fund balances | $128,476 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Principle Cares Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Thalia N And Chris M Carlos Foundation Inc Atlanta, GA | $8,590,339 | $1,064,458 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |
Ally Charitable Foundation Charlotte, NC | $31,020,480 | $35,342,279 |