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Nonprofiteer
← PRINCIPIA CORPORATION

Form 990 for tax year 2023

Filed by PRINCIPIA CORPORATION.

Totals

Total revenue
$111,330,444
Total expenses
$108,287,496
Contributions and grants received
$20,910,248
Grants paid
$16,725,173
Program service revenue
$27,503,540
Investment income
$59,770,998
Other revenue
$3,145,658
Total assets, end of year
$1,206,423,023
Total liabilities, end of year
$55,553,582
Net assets or fund balances, end of year
$1,150,869,441
Program services expenses (Part IX)
$81,510,922
Management and general expenses
$22,497,922
Fundraising expenses
$4,278,652
Program service expenses (Part III)
$81,510,922

Program services were 75.3% 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.

  • 1e · Government grants (contributions)

    $909,901

  • 1f · All other contributions, gifts and grants

    $20,000,347

  • 1g · Noncash contributions included above

    $278,237

  • 2a · Program service revenue: Tuition and fees

    total $19,251,211 · related or exempt $19,251,211

  • 2b · Program service revenue: Auxiliary enterprises

    total $7,330,742 · related or exempt $7,330,742

  • 2c · Program service revenue: Fees for non-academic credit offerings

    total $921,587 · related or exempt $921,587

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $23,388,291 · unrelated business $9,813,483 · excluded $13,574,808

  • 6a · Gross rents

    real property $1,825,299

  • 6b · Less rental expenses

    real property $1,411,758

  • 6c · Rental income or loss

    real property $413,541 · personal property $0

  • 6d · Net rental income or loss

    total $413,541 · excluded $413,541

  • 7a · Gross sales of assets other than inventory

    securities $87,133,533 · other assets $21,340

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

    securities $50,772,166 · other assets $0

  • 7c · Gain or loss

    securities $36,361,367 · other assets $21,340

  • 7d · Net gain or loss

    total $36,382,707 · excluded $36,382,707

  • 11a · Other revenue: Employee contributions for health care and COBRA

    total $1,260,521 · related or exempt $1,260,521

  • 11b · Other revenue: Child care charged to employees

    total $383,447 · related or exempt $383,447

  • 11c · Other revenue: Employee contributions for income security protection

    total $104,727 · related or exempt $104,727

  • 11d · All other revenue

    total $983,422 · related or exempt $983,422 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,732,117

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 2 · Grants to domestic individuals

    total $16,713,173 · program services $16,713,173

  • 5 · Compensation of officers, directors and key employees

    total $3,215,723 · program services $472,829 · management and general $2,273,882 · fundraising $469,012

  • 6 · Compensation of disqualified persons

    total $835,519 · program services $698,892 · management and general $136,627

  • 7 · Other salaries and wages

    total $36,477,338 · program services $28,897,994 · management and general $5,399,380 · fundraising $2,179,964

  • 8 · Pension plan contributions

    total $1,472,863 · program services $1,165,370 · management and general $215,123 · fundraising $92,370

  • 9 · Other employee benefits

    total $7,244,199 · program services $5,708,159 · management and general $1,135,589 · fundraising $400,451

  • 10 · Payroll taxes

    total $2,857,358 · program services $2,147,015 · management and general $521,877 · fundraising $188,466

  • 11b · Fees: legal

    total $7,162 · management and general $7,162

  • 11c · Fees: accounting

    total $171,207 · management and general $171,207

  • 11e · Fees: professional fundraising services

    total $67,033 · fundraising $67,033

  • 11f · Fees: investment management

    total $7,834,504 · management and general $7,834,504

  • 11g · Fees: other

    total $4,107,710 · program services $2,773,400 · management and general $1,159,611 · fundraising $174,699

  • 12 · Advertising and promotion

    total $480,742 · program services $246,567 · management and general $47,091 · fundraising $187,084

  • 13 · Office expenses

    total $560,738 · program services $102,169 · management and general $349,178 · fundraising $109,391

  • 14 · Information technology

    total $2,673,522 · program services $871,471 · management and general $1,765,665 · fundraising $36,386

  • 16 · Occupancy

    total $2,106,658 · program services $2,016,300 · management and general $83,511 · fundraising $6,847

  • 17 · Travel

    total $3,411,429 · program services $3,076,293 · management and general $203,917 · fundraising $131,219

  • 19 · Conferences, conventions and meetings

    total $320,746 · program services $187,116 · management and general $129,527 · fundraising $4,103

  • 20 · Interest

    total $828,421 · program services $633,610 · management and general $151,742 · fundraising $43,069

  • 22 · Depreciation, depletion and amortization

    total $9,452,777 · program services $9,086,709 · management and general $336,349 · fundraising $29,719

  • 23 · Insurance

    total $1,641,227 · program services $1,575,532 · management and general $60,362 · fundraising $5,333

  • 24a · Other expenses: SUPPLIES and EQUIPMENT

    total $2,197,808 · program services $2,028,591 · management and general $125,167 · fundraising $44,050

  • 24b · Other expenses: FOOD

    total $2,341,091 · program services $2,239,214 · management and general $85,537 · fundraising $16,340

  • 24c · Other expenses: BAD DEBT

    total $25,086 · program services $25,079 · management and general $7

  • 24d · Other expenses: Taxes & Licenses

    total $237,318 · program services $105,761 · management and general $131,296 · fundraising $261

  • 24e · All other expenses

    total $994,144 · program services $727,678 · management and general $173,611 · fundraising $92,855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,919,027 · end of year $10,656,160

  • 3 · Pledges and grants receivable

    beginning of year $1,035,044 · end of year $1,741,217

  • 4 · Accounts receivable

    beginning of year $356,445 · end of year $340,227

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $6,691,162 · end of year $6,436,464

  • 8 · Inventories for sale or use

    beginning of year $183,549 · end of year $158,125

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,229,297 · end of year $592,726

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

    $347,934,295

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

    $170,958,548

  • 10c · Land, buildings and equipment, net

    beginning of year $178,401,685 · end of year $176,975,747

  • 11 · Investments: publicly traded securities

    beginning of year $253,573,696 · end of year $279,828,586

  • 12 · Investments: other securities

    beginning of year $647,637,555 · end of year $708,355,890

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $39,213,241 · end of year $21,337,881

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,394,108 · end of year $3,865,118

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,872,258 · end of year $12,095,517

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $16,000,001 · end of year $14,666,668

  • 25 · Other liabilities

    beginning of year $25,037,264 · end of year $24,926,279

  • 27 · Net assets without donor restrictions

    beginning of year $331,600,762 · end of year $372,742,454

  • 28 · Net assets with donor restrictions

    beginning of year $747,336,308 · end of year $778,126,987

Mission and programs · 2023

Mission

Principia's primary purpose is to serve the cause of Christian Science as an independent educational institution, providing pre-k-12th grade education on its campus in St. Louis County, Missouri, and college education on its campus in Elsah, Illinois.

Activities or mission (Part I)

THE PRINCIPIA SHALL SEEK TO SERVE THE CAUSE OF CHRISTIAN SCIENCE THROUGH APPROPRIATE CHANNELS OPEN TO IT AS AN EDUCATIONAL INSTITUTION.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $43,957,512 · Grants $16,725,173 · Revenue $19,251,211

  • AUXILIARY ENTERPRISES: FOOD SERVICES ARE PROVIDED TO STUDENTS, FACULTY, AND STAFF THROUGH TWO FULL-SERVICE DINING ROOMS, PLUS A STUDENT GRILL. DORMITORIES PROVIDE HOUSING AT PRINCIPIA COLLEGE. The St. Louis campus accepts both day and boarding students. STUDENTS MAY PURCHASE A VARIETY OF SCHOOL SUPPLIES, BOOKS, CLOTHING, AND PERSONAL ITEMS AT EITHER THE COLLEGE OR SCHOOL BOOKSTORE.

    Expenses $15,742,046 · Revenue $8,252,329

  • STUDENT SERVICES: INCLUDES ADMISSIONS, REGISTRAR, COLLEGE ATHLETICS, OFFICE OF STUDENT LIFE, AND HEALTH SERVICES. PRINCIPIA COLLEGE IS A MEMBER OF THE ST. LOUIS INTERCOLLEGIATE ATHLETIC CONFERENCE (SLIAC), WHICH INCLUDES 10 COLLEGES LOCATED IN KENTUCKY, ILLINOIS, IOWA, AND MISSOURI. PRINCIPIA TEAMS COMPETE IN 8 MEN'S AND 8 WOMEN'S SPORTS. NO ATHLETIC SCHOLARSHIPS ARE OFFERED BY ANY MEMBER OF SLIAC. PRINCIPIA COLLEGE MAINTAINS SEVERAL ATHLETIC FACILITIES, INCLUDING AN ATHLETIC CENTER, NATATORIUM, FIELD HOUSE, INDOOR TENNIS CENTER, 4 OUTDOOR FIELDS, OUTDOOR TENNIS COURTS, AND RUNNING TRAILS. UPPER SCHOOL STUDENTS MAY PARTICIPATE IN THE ST. LOUIS METRO LEAGUE IN ONE OR MORE SPORTS OF THE 18 OFFERED. THE ATHLETIC FACILITIES INCLUDE 3 GYMNASIUMS, AN INDOOR SWIMMING POOL, SOCCER FIELDS, FOOTBALL FIELD, ALL-WEATHER RUNNING TRACK, BASEBALL AND SOFTBALL FIELDS, TENNIS COURTS, ROPES COURSE, AND CROSS COUNTRY COURSE. THE RECENTLY COMPLETED BILL SIMON FIELD HOUSE, A STATE-OF-THE-ART 80,000+SQ FT FACILITY WITH CHAMPIONSHIP-LEVEL PERFORMANCE SPACES, CHARACTER LAB, LOCKER ROOMS, AND FITNESS CENTER, serves as an integral school and community resource. THE OFFICE OF STUDENT LIFE COORDINATES COLLEGE SOCIAL ACTIVITIES, INTERNATIONAL STUDENT SUPPORT, RESIDENTIAL LIVING, AND STUDENT GOVERNMENT.

    Expenses $14,372,188

  • OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT

    Expenses $7,439,176 · Revenue $2,732,117

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • D Stephen DeWindt

    Vice Chairman

    Total calculated
    $0
    Hours/week
    5
  • David Walters

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Kristin Jamerson

    Trustee/Exec Comm Member at Large

    Total calculated
    $0
    Hours/week
    5
  • Patricia Sarkisian

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Scott L Schneberger

    Board Chairman

    Total calculated
    $0
    Hours/week
    10
  • Allan Marquardt

    Trustee (thru Feb 14, 2024)

    Total calculated
    $0
    Hours/week
    5
  • Chestnut Booth

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Elisabeth Brinton

    Trustee (begin June 8, 2024)

    Total calculated
    $0
    Hours/week
    5
  • Gavin Campbell

    Trustee (Begin June 8, 2024)

    Total calculated
    $0
    Hours/week
    5
  • Ian Forber-Pratt

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Inez Maubane Jones

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Janna L Hernholm

    Trustee (thru June 23, 2024)

    Total calculated
    $0
    Hours/week
    5
  • Jorian Clarke

    Trustee (thru Nov 1, 2023)

    Total calculated
    $0
    Hours/week
    5
  • Lisle S Stigler

    Trustee (Begin June 8, 2024)

    Total calculated
    $0
    Hours/week
    5
  • Liz Crow

    Trustee (begin Nov 2, 2023)

    Total calculated
    $0
    Hours/week
    5
  • Mayal Tshiabuila

    Trustee (begin June 8, 2024 thru June 26, 2024)

    Total calculated
    $0
    Hours/week
    5
  • Michael Distel

    Trustee (begin June 8, 2024)

    Total calculated
    $0
    Hours/week
    5
  • Mindy Savides

    Trustee (thru Nov 1, 2023)

    Total calculated
    $0
    Hours/week
    5
  • Stephen J Shaper

    Trustee (thru Nov 1, 2023)

    Total calculated
    $0
    Hours/week
    5
  • Terry McNabb

    Trustee (begin Nov 2, 2023)

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Todd Boyman

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Barbara Blackwell

    Chief Executive

    Total calculated
    $396,975
    From this org
    $287,454
    From related orgs
    $0
    Other
    $109,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,312
    Bonus
    $0
    Other
    $10,142
    Deferred
    $4,500
    Nontaxable benefits
    $105,021
    Filer's total
    $396,975
  • Daniel Norton

    College President (begin July 2023)

    Total calculated
    $208,434
    From this org
    $162,531
    From related orgs
    $0
    Other
    $45,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,962
    Bonus
    $0
    Other
    $33,569
    Deferred
    $2,167
    Nontaxable benefits
    $43,736
    Filer's total
    $208,434
  • Donald D Miller

    Controller (thru Jan 2024), Assist. CFO and Assist. Secretary

    Total calculated
    $195,904
    From this org
    $187,454
    From related orgs
    $0
    Other
    $8,450
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,184
    Bonus
    $0
    Other
    $8,270
    Deferred
    $4,500
    Nontaxable benefits
    $3,950
    Filer's total
    $195,904
  • Edward McCarty

    Assist. Secretary/Director of Planned Giving

    Total calculated
    $184,278
    From this org
    $133,841
    From related orgs
    $0
    Other
    $50,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,053
    Bonus
    $0
    Other
    $1,788
    Deferred
    $4,500
    Nontaxable benefits
    $45,937
    Filer's total
    $184,278
  • Hans Fredrikson

    Chief Investment Officer (begin July 2023)

    Total calculated
    $162,278
    From this org
    $148,218
    From related orgs
    $0
    Other
    $14,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,720
    Bonus
    $0
    Other
    $1,498
    Deferred
    $4,500
    Nontaxable benefits
    $9,560
    Filer's total
    $162,278
  • Howard E Berner Jr

    Chief Investment Officer (thru Aug 2023)

    Total calculated
    $242,399
    From this org
    $227,578
    From related orgs
    $0
    Other
    $14,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,627
    Bonus
    $0
    Other
    $8,951
    Deferred
    $4,500
    Nontaxable benefits
    $10,321
    Filer's total
    $242,399
  • Lee Barron

    Assistant Secretary/General Counsel

    Total calculated
    $281,522
    From this org
    $248,007
    From related orgs
    $0
    Other
    $33,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,866
    Bonus
    $0
    Other
    $10,141
    Deferred
    $4,500
    Nontaxable benefits
    $29,015
    Filer's total
    $281,522
  • Merry Sorrells

    Head of School

    Total calculated
    $340,142
    From this org
    $270,663
    From related orgs
    $0
    Other
    $69,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,687
    Bonus
    $0
    Other
    $22,976
    Deferred
    $4,500
    Nontaxable benefits
    $64,979
    Filer's total
    $340,142
  • Thomas Nickell

    CFO/COO

    Total calculated
    $264,317
    From this org
    $245,521
    From related orgs
    $0
    Other
    $18,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,353
    Bonus
    $0
    Other
    $5,168
    Deferred
    $4,500
    Nontaxable benefits
    $14,296
    Filer's total
    $264,317
  • Meggan Madden

    Academic Dean (through Sept 2023)

    Total calculated
    $179,438
    From this org
    $150,850
    From related orgs
    $0
    Other
    $28,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,204
    Bonus
    $0
    Other
    $1,646
    Deferred
    $4,500
    Nontaxable benefits
    $24,088
    Filer's total
    $179,438
  • Samantha Dry

    Upper (begin Feb 2023) and Middle School Principal

    Total calculated
    $198,868
    From this org
    $169,366
    From related orgs
    $0
    Other
    $29,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,124
    Bonus
    $0
    Other
    $6,242
    Deferred
    $4,500
    Nontaxable benefits
    $25,002
    Filer's total
    $198,868
  • Sarah Neale Rand

    Chief Advancement, Marketing and Communications Officer (begin March 2023)

    Total calculated
    $233,717
    From this org
    $184,924
    From related orgs
    $0
    Other
    $48,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,062
    Bonus
    $0
    Other
    $24,862
    Deferred
    $4,500
    Nontaxable benefits
    $44,293
    Filer's total
    $233,717
  • Tamara Gavaletz

    Director of School Bus Ops

    Total calculated
    $204,908
    From this org
    $158,471
    From related orgs
    $0
    Other
    $46,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,378
    Bonus
    $0
    Other
    $1,093
    Deferred
    $4,500
    Nontaxable benefits
    $41,937
    Filer's total
    $204,908
  • Brian Roberts

    Interim Dean of Academics

    Total calculated
    $174,423
    From this org
    $143,673
    From related orgs
    $0
    Other
    $30,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,673
    Bonus
    $0
    Other
    $0
    Deferred
    $4,500
    Nontaxable benefits
    $26,250
    Filer's total
    $174,423
  • Christen Alford

    Upper School Principal (through May 2023)

    Total calculated
    $152,985
    From this org
    $145,079
    From related orgs
    $0
    Other
    $7,906
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $67,722
    Bonus
    $0
    Other
    $77,357
    Deferred
    $3,801
    Nontaxable benefits
    $4,105
    Filer's total
    $152,985
  • Erin Rainwater

    Dean of Students

    Total calculated
    $182,739
    From this org
    $142,787
    From related orgs
    $0
    Other
    $39,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,787
    Bonus
    $0
    Other
    $0
    Deferred
    $2,841
    Nontaxable benefits
    $37,111
    Filer's total
    $182,739
  • Joy Turnbaugh

    College Chief Operations Officer

    Total calculated
    $187,913
    From this org
    $145,120
    From related orgs
    $0
    Other
    $42,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,187
    Bonus
    $0
    Other
    $1,933
    Deferred
    $4,500
    Nontaxable benefits
    $38,293
    Filer's total
    $187,913
  • Terry Grigsby

    Assistant Head of School for Enrollment Management

    Total calculated
    $190,564
    From this org
    $161,421
    From related orgs
    $0
    Other
    $29,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,284
    Bonus
    $0
    Other
    $1,137
    Deferred
    $4,500
    Nontaxable benefits
    $24,643
    Filer's total
    $190,564
  • John Williams

    College President (through June 2023)

    Total calculated
    $182,413
    From this org
    $156,058
    From related orgs
    $0
    Other
    $26,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,051
    Bonus
    $0
    Other
    $8,007
    Deferred
    $4,500
    Nontaxable benefits
    $21,855
    Filer's total
    $182,413

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
THE RESIDENCES PROVIDED TO THE CHIEF EXECUTIVE, COLLEGE PRESIDENT, AND HEAD OF SCHOOL ARE ALSO USED TO HOST STUDENT ACTIVITIES AND MEETINGS. THE HEAD OF SCHOOL LIVED ON CAMPUS, AS DID THE CHIEF EXECUTIVE, IN ORDER TO FULFILL THEIR DUTIES. THE ESTIMATED VALUES OF THESE BENEFITS IS INCLUDED IN COLUMN D OF PART II AND WERE NOT TREATED AS TAXABLE COMPENSATION TO THE RESPECTIVE PARTIES.
Schedule J, Part I, Line 1a Personal services
THE FACILITIES DEPARTMENT PROVIDES HOUSEKEEPING SERVICES AT THE CHIEF EXECUTIVE, COLLEGE PRESIDENT, AND HEAD OF SCHOOL RESIDENCES, SINCE THESE LOCATIONS ARE USED TO HOST STUDENT ACTIVITIES AND MEETINGS, AS WELL AS EMPLOYEE AND DONOR EVENTS. THE ESTIMATED VALUES OF SUCH SERVICES ARE INCLUDED IN COLUMN D OF PART II AND WERE NOT TREATED AS TAXABLE COMPENSATION TO THE RESPECTIVE PARTIES.
Schedule J, Part I, Line 4a Severance or change-of-control payment
One individual (Christen Alford) listed in Part VII, Section A, received cash payments in connection with a severance agreement. Such amounts are included in Sch J, column B(iii) "Other reportable compensation, amounted to $74,868 in calendar year 2023.

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

  • To aid Cedars Camps in providing assistance to Principia in the form of food, housing, and activities for international students during summer break.

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.

  • PRINCIPIA COLLEGE COMMUNICATIONS

    501(c)(3) · SUPPORTING ORGANIZATION · MO · controlled entity

    Directly controlled by PRINCIPIA CORPORATION

  • STICHTING FRED M VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION

    SUPPORTING ORGANIZATION · NL

    Directly controlled by PRINCIPIA CORPORATION

  • PRINCIPIA CLUBS

    501(c)(3) · GROUP PARENT · MO · controlled entity

    Directly controlled by PRINCIPIA CORPORATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PRINCIPIA HOLDINGS LLC

    INVESTING · MO · income $0 · assets $0

    Directly controlled by PRINCIPIA CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE LEAD TRUST (5)

    Trust · CHARITABLE LEAD TRUST TO BENEFIT PRINCIPIA · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUSTS (5)

    Trust · PERPETUAL TRUSTS TO BENEFIT PRINCIPIA · controlled entity

    Directly controlled by NA

  • CHARITABLE REMAINDER TRUSTS (33)

    Trust · CHARITABLE REMAINDER TRUSTS TO BENEFIT PRINCIPIA · controlled entity

    Directly controlled by NA

  • NON-CHARITABLE TRUSTS (2)

    Trust · TRUST CREATED BY BEQUEST TO BENEFIT PRINCIPIA · controlled entity

    Directly controlled by NA

  • POOLED INCOME FUNDS (32)

    Trust · POOLED INCOME FUND TO BENEFIT PRINCIPIA · controlled entity

    Directly controlled by NA

  • PRINCIPIA ADMINISTRATIVE CORPORATION

    C Corporation · APPOINTMENT OF RELATED ORGANIZATIONS' BOARD MEMBERS · MO

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202541269349300634

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