Form 990 for tax year 2024
Filed by PRINCIPLES FIRST FOR AMERICA LTD.
Totals
- Total revenue
- $334,960
- Total expenses
- $215,284
- Contributions and grants received
- $319,358
- Grants paid
- $0
- Program service revenue
- $15,602
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $393,486
- Total liabilities, end of year
- $89,447
- Net assets or fund balances, end of year
- $304,039
- Program services expenses (Part IX)
- $121,413
- Management and general expenses
- $92,701
- Fundraising expenses
- $1,170
- Program service expenses (Part III)
- $121,413
Program services were 56.4% 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
$319,358
-
2a · Program service revenue: EVENT REVENUE
total $15,602 · related or exempt $15,602
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $10,136 · program services $1,414 · management and general $8,368 · fundraising $354
-
10 · Payroll taxes
total $349 · program services $108 · management and general $214 · fundraising $27
-
11a · Fees: management
total $39,308 · program services $36,563 · management and general $2,745
-
11b · Fees: legal
total $6,182 · management and general $6,182
-
11c · Fees: accounting
total $60,267 · management and general $60,267
-
11g · Fees: other
total $9,909 · program services $9,096 · management and general $813
-
13 · Office expenses
total $2,204 · program services $1,475 · management and general $699 · fundraising $30
-
14 · Information technology
total $5,864 · program services $350 · management and general $5,514
-
17 · Travel
total $10,387 · program services $10,387
-
19 · Conferences, conventions and meetings
total $59,781 · program services $59,781
-
23 · Insurance
total $4,869 · program services $467 · management and general $4,402
-
24a · Other expenses: PAYROLL SERVICES
total $3,467 · management and general $3,467
-
24b · Other expenses: BANK & MERCHANT FEES
total $2,561 · program services $1,772 · management and general $30 · fundraising $759
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $109,405 · end of year $342,167
-
3 · Pledges and grants receivable
beginning of year $212,500 · end of year $0
-
4 · Accounts receivable
beginning of year $1,160 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $15,813 · end of year $41,031
-
15 · Other assets
beginning of year $0 · end of year $10,288
-
17 · Accounts payable and accrued expenses
beginning of year $1,071 · end of year $3,379
-
19 · Deferred revenue
beginning of year $3,444 · end of year $18,949
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $67,119
-
27 · Net assets without donor restrictions
beginning of year $184,363 · end of year $304,039
Mission and programs · 2024
Mission
WE ARE A NATIONWIDE GRASSROOTS MOVEMENT OF PEOPLE WHO SHARE A LOVE OF AMERICAN DEMOCRACY AND CONCERN FOR THE DIRECTION OF OUR EXISTING LEADERSHIP. WE'VE WATCHED AS INSTITUTIONS ON THE RIGHT HAVE BEEN CO-OPTED BY BAD-FAITH ACTORS WILLING TO PUT POLITICS AND PERSONALITY OVER PRINCIPLE. AND WE'VE SEEN THOSE IN POSITIONS OF LEADERSHIP COMPROMISE THEMSELVES OUT OF CYNICAL SELF-INTEREST. WE BELIEVE GOOD-FAITH AMERICANS DESERVE SOMETHING BETTER. WE'RE BUILDING AN ALTERNATIVE THAT ELEVATES PRINCIPLED LEADERS AROUND THE COUNTRY TO SPEAK OUT AS A VOICE OF CLARITY.
-
IN 2024, PRINCIPLES FIRST FOR AMERICA (PFA) CO-HOSTED THE ANNUAL SUMMIT, WHICH BROUGHT TOGETHER NATIONAL LEADERS AND VOLUNTEERS TO ENGAGE IN SUBSTANTIVE DISCUSSIONS ON DEMOCRACY, GOVERNANCE, AND CIVIC RESPONSIBILITY. ADDITIONALLY, PFA HOSTED SMALL-SCALE ENGAGEMENT INITIATIVES AND COMMUNITY OUTREACH EFFORTS TO EXPAND ITS REACH AND EDUCATE AND PROMOTE CIVIC ENGAGEMENT AND DEMOCRATIC PRINCIPLES.
Expenses $121,413 · Revenue $15,602
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Heath MayoHEATH MAYO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Lynn SchmidtLYNN SCHMIDT
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sadaqat AhmadSADAQAT AHMAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert BuschmanROBERT BUSCHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris RoosenCHRIS ROOSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey CarsonJEFFREY CARSON
COO (THRU 06/24)
- Total calculated
- $6,600
- From this org
- $6,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Brittany MartinezBRITTANY MARTINEZ
COO (FROM 10/24)
- Total calculated
- $3,536
- From this org
- $3,536
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523119349304452
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