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← PRINCIPLE FOUNDATION

Form 990 for tax year 2024

Filed by PRINCIPLE FOUNDATION.

Totals

Total revenue
$3,350,938
Total expenses
$2,618,340
Contributions and grants received
$1,528,837
Grants paid
$415,366
Program service revenue
$1,351,417
Investment income
$469,894
Other revenue
$790
Total assets, end of year
$6,454,556
Total liabilities, end of year
$172,702
Net assets or fund balances, end of year
$6,281,854
Program services expenses (Part IX)
$2,389,677
Management and general expenses
$176,224
Fundraising expenses
$52,439
Program service expenses (Part III)
$2,389,677

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,528,837

  • 2a · Program service revenue: MANAGEMENT FEES

    total $1,351,417 · related or exempt $1,351,417

  • 3 · Investment income

    total $149,871 · excluded $149,871

  • 5 · Royalties

    total $790 · excluded $790

  • 7a · Gross sales of assets other than inventory

    securities $1,200,000

  • 7b · Less cost or other basis and sales expenses

    securities $871,911 · other assets $8,066

  • 7c · Gain or loss

    securities $328,089 · other assets -$8,066

  • 7d · Net gain or loss

    total $320,023 · excluded $320,023

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $415,366 · program services $415,366

  • 5 · Compensation of officers, directors and key employees

    total $168,013 · program services $168,013

  • 7 · Other salaries and wages

    total $980,367 · program services $965,367 · fundraising $15,000

  • 8 · Pension plan contributions

    total $60,009 · program services $60,009

  • 9 · Other employee benefits

    total $1,928 · program services $1,928

  • 10 · Payroll taxes

    total $91,213 · program services $91,213

  • 11b · Fees: legal

    total $1,807 · management and general $1,807

  • 11c · Fees: accounting

    total $131,492 · management and general $131,492

  • 11f · Fees: investment management

    total $42,925 · management and general $42,925

  • 11g · Fees: other

    total $234,737 · program services $234,737

  • 13 · Office expenses

    total $80,214 · program services $42,775 · fundraising $37,439

  • 14 · Information technology

    total $154,360 · program services $154,360

  • 16 · Occupancy

    total $35,888 · program services $35,888

  • 17 · Travel

    total $111,627 · program services $111,627

  • 19 · Conferences, conventions and meetings

    total $10,677 · program services $10,677

  • 22 · Depreciation, depletion and amortization

    total $51,917 · program services $51,917

  • 23 · Insurance

    total $18,157 · program services $18,157

  • 24a · Other expenses: TAXES AND REGISTRATION

    total $23,387 · program services $23,387

  • 24b · Other expenses: TRAINING

    total $3,209 · program services $3,209

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $1,010 · program services $1,010

  • 24d · Other expenses: MISC EXPENSES

    total $37 · program services $37

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $678,276 · end of year $645,170

  • 3 · Pledges and grants receivable

    beginning of year $26,625 · end of year $26,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,317 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,760,938

  • 10b · Land, buildings and equipment: accumulated depreciation

    $244,903

  • 10c · Land, buildings and equipment, net

    beginning of year $1,576,017 · end of year $1,516,035

  • 11 · Investments: publicly traded securities

    beginning of year $3,989,366 · end of year $4,266,726

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,673 · end of year $118,742

  • 25 · Other liabilities

    beginning of year $941,996 · end of year $53,960

  • 27 · Net assets without donor restrictions

    beginning of year $5,100,158 · end of year $6,142,290

  • 28 · Net assets with donor restrictions

    beginning of year $156,774 · end of year $139,564

Mission and programs · 2024

Mission

TO PROMOTE INSPIRED BENEVOLENCE IN ACCORDANCE WITH THE TEACHINGS OF CHRISTIAN SCIENCE.

Activities or mission (Part I)

TO RENDER PRACTICAL SUPPORT TO FELLOW CHRISTIAN SCIENTISTS AND SUPPORT THEM IN SIMILAR BENEVOLENCE

  • 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.

    Expenses $780,762 · Revenue $780,762

  • 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.

    Expenses $570,655 · Revenue $570,655

  • 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.

    Expenses $664,712 · Grants $41,818

  • CHRISTIAN SCIENTIST FINANCIAL ASSISTANCE: ADMINISTER CHARITABLE GRANTS TO CHRISTIAN SCIENTISTS.

    Expenses $373,548 · Grants $373,548

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bruce Jeffrey

    EXECUTIVE DIRECTOR

    Total calculated
    $168,013
    From this org
    $155,568
    From related orgs
    $0
    Other
    $12,445
    Hours/week
    31 + 2 related

    Schedule J breakdown matched by us

    Base
    $155,568
    Bonus
    $0
    Other
    $0
    Deferred
    $12,205
    Nontaxable benefits
    $240
    Filer's total
    $168,013
  • Anna Lisa Kronman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 1 related
  • Joan Bernard Bradley

    BOARD VICE CHAIR (RESIGNED IN 2024)

    Total calculated
    $0
    Hours/week
    3
  • Gina Lindquist-Bailey

    DIRECTOR/BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Rob Collier

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • D Brian Boettiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 0.25 related
  • Kevin D'Evelyn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Charles Lindahl

    DIRECTOR (RESIGNED IN 2024)

    Total calculated
    $0
    Hours/week
    3 + 1 related
  • Beverly Luttrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Marshall McCurties

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Shannon Nordling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Christine Nacewicz Rigdon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • George O Strong

    DIRECTOR (RESIGNED IN 2024)

    Total calculated
    $0
    Hours/week
    3
  • Kevin Massey

    DIRECTOR OF OPERATIONS

    Total calculated
    $114,071
    From this org
    $105,621
    From related orgs
    $0
    Other
    $8,450
    Hours/week
    35 + 5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS USES THE BI-ENNIAL UMKC NON-PROFIT SALARY SURVEY TO PROVIDE COMPARABILITY DATA DURING THE REVIEW PROCESS. FINAL APPROVAL AND DECISION IS MADE BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 August 2025
IRS schema version
2024v5.2
Source object
202542239349301429

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