2026-05-04T10:47:36+00:00 2025-06-30 350921680 CROWE LLP 701 13th St NW Suite 852 Washington DC 20005 990 2024-07-01 430652667 The Principia Corporation PRIN 3144342100 13201 Clayton Road St Louis MO 63131 Donald D Miller Assistant Chief Financial Officer 3145143103 2026-05-04 true Steve Lenivy P01635350 2026245555 2026-05-04 2024 2025-03-06 01:10:19Z Donald D Miller 13201 Clayton Road St Louis MO 63131 229437036 false X www.principia.edu X 1912 MO THE PRINCIPIA SHALL SEEK TO SERVE THE CAUSE OF CHRISTIAN SCIENCE THROUGH APPROPRIATE CHANNELS OPEN TO IT AS AN EDUCATIONAL INSTITUTION. 14 10 1160 413 4727578 1902177 20910248 36434000 27503540 28284288 59770998 90594125 3145658 2920894 111330444 158233307 16725173 16734657 0 52103000 52673413 67033 11750 4856710 39392290 44092257 108287496 113512077 3042948 44721230 1206423023 1286700453 55553582 54770792 1150869441 1231929661 X 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. false false 44923725 16734657 20788788 INSTRUCTION: IN 1897, MARY KIMBALL MORGAN, A CHRISTIAN SCIENTIST, BEGAN HOME-SCHOOLING HER TWO SONS BECAUSE SHE BELIEVED SHE COULD GIVE THEM A FULLER EDUCATION THAN WHAT WAS BEING OFFERED IN THE PUBLIC SCHOOLS. GRADUALLY, IT BECAME APPARENT TO MRS. MORGAN THAT THE ESTABLISHMENT OF A SCHOOL WAS NEEDED. THE NAME "PRINCIPIA", MEANING "FIRST PRINCIPLES," WAS CHOSEN FOR THE SCHOOL MRS. MORGAN ESTABLISHED IN 1898. PRINCIPIA'S PRIMARY PURPOSE IS TO SERVE THE CAUSE OF CHRISTIAN SCIENCE AS AN EDUCATIONAL INSTITUTION - NOT THROUGH TEACHING THE THEOLOGY OF CHRISTIAN SCIENCE, BUT THROUGH PROVIDING PROGRAMS WHICH WILL ALLOW ITS STUDENTS TO GROW INTELLECTUALLY, ATHLETICALLY, SOCIALLY, MORALLY, AND SPIRITUALLY WITH THE SUPPORT AND EXAMPLE OF FELLOW STUDENTS, FACULTY, AND STAFF. PRINCIPIA STRIVES TO TRAIN ITS STUDENTS "TO THINK CLEARLY, VIGOROUSLY, FEARLESSLY, TOLERANTLY, UNSELFISHLY." TEACHING AT PRINCIPIA ALSO "EMPHASIZES THE POINT OF VIEW THAT EDUCATION CARRIES WITH IT THE OBLIGATION TO USE TECHNICAL SKILLS AND INTELLECTUAL ATTAINMENTS FOR THE BETTERMENT OF HUMANITY." (Continued on Schedule O) 16111418 0 7495500 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. 15042600 0 0 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 6 MEN'S AND 7 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. (Continued on Schedule O) 8549549 0 2499941 OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT 8549549 2499941 84627292 true true false false false false false false false true true true false false true true true false true false true false false false false false false true true true true false false false false false false true false true false true false false false true true true false false false true X 865 0 true 1160 true true true true NL false false false false false false false false false false X 14 10 false false false false false false true true true false false false true true true true true true true false false false X Donald Miller 3145143103 13201 Clayton Road St Louis MO 63131 D Stephen DeWindt VICE CHAIR (thru June 7, 2025) 5.0 X X 0 0 0 David Walters Treasurer 5.0 X X 0 0 0 Kristin Jamerson Board Chair (begin June 8, 2025) 10.0 X X 0 0 0 Liz Crow TRUSTEE / EXEC COMM MEMBER-AT-LARGE 5.0 X X 0 0 0 Patricia Sarkisian Secretary 5.0 X X 0 0 0 Scott L Schneberger BOARD CHAIR (thru June 7, 2025), TRUSTEE 10.0 X X 0 0 0 Todd Boyman VICE CHAIR (Begin June 8, 2025) 5.0 X X 0 0 0 Ann Austin Trustee (begin June 2025) 5.0 X 0 0 0 Chestnut Booth Trustee 5.0 X 0 0 0 Elisabeth Brinton Trustee 5.0 X 0 0 0 Gavin Campbell Trustee 5.0 X 0 0 0 Ian Forber-Pratt Trustee 5.0 X 0 0 0 Inez Maubane Jones Trustee 5.0 X 0 0 0 Lisle S Stigler Trustee 5.0 X 0 0 0 Michael Distel Trustee (through Aug 16, 2024) 5.0 X 0 0 0 Terry McNabb Trustee 5.0 X 9000 0 0 Barbara Blackwell Chief Executive 40.0 X 306539 0 129871 Daniel Norton College President 40.0 X 268483 0 83561 Donald D Miller Assistant Secretary/ Assist. CFO 40.0 X 194245 0 8635 Edward McCarty Assist. Secretary/Director of Principal Gifts 40.0 X 149166 0 33030 Hans Fredrikson Chief Investment Officer 40.0 X 300156 0 23547 Julie Holser Assistant Secretary/Controller 40.0 X 140327 0 32811 Lee Barron Assistant Secretary/General Counsel 40.0 X 231732 0 30455 Merry Sorrells Head of School 40.0 X 282650 0 70119 Thomas Nickell CFO/COO 40.0 X 269134 0 17406 Joy Fowler College Chief Operations Officer (thru March 1, 2025) 40.0 X 153806 0 39960 Samantha Dry Principal, Upper School and Middle School 40.0 X 197152 0 26588 Sarah Neale Rand Chief Advancement, Marketing and Communications Officer 40.0 X 196128 0 59389 Tamara Gavaletz Director of School Business Ops 40.0 X 162182 0 57267 Brian Roberts Assoc Dean of Academic Assessment & Curriculum 40.0 X 152802 0 31707 Elise Crow Legal Advisor/Attorney 40.0 X 149127 0 60849 Jennifer Silver Chief Human Resources Officer 40.0 X 155999 0 70935 Steven Stock Director of Facilities 40.0 X 150143 0 16504 Terry Grigsby Assistant Head of School for Enrollment Management 40.0 X 166336 0 30248 Robert MacDonald Former Trustee 0.0 X 52100 0 0 3687207 0 822882 59 true true false Azimuth Energy 863 Horan Drive Fenton MO 630262405 Construction materials and services 2948488 Helmkamp Construction Co 707 Berkshire Blvd East Alton IL 620241326 Construction materials and services 868228 Slaydon Glass Inc 239 N Old Saint Louis Rd Wood River IL 620951437 Construction materials and services 607999 Dynamic Controls Inc 727 Sabrina Drive East Peoria IL 616113578 Construction materials and services 553792 DH Pace Co 1901 E 119th Street Olathe KS 660619502 Construction materials and services 512578 37 7989244 28444756 9520701 36434000 Tuition and fees 611310 20788788 20788788 Auxiliary enterprises 611310 7127926 7127926 Fees for non-academic credit offerings 611310 367574 367574 0 0 0 0 28284288 21282489 4727578 16554911 1828249 1407296 420953 0 420953 420953 139070569 37500 69780273 16160 69290296 21340 69311636 69311636 Employee contributions for health care and COBRA 900099 1426939 1426939 Child care charged to employees 900099 383447 383447 Employee contributions for income security protection 900099 106129 106129 583426 583426 0 0 2499941 158233307 30784229 4727578 86287500 16000 16000 16718657 16718657 3365335 357799 2570468 437068 881818 557518 324300 38270787 30029669 5455436 2785682 1572159 1227300 218155 126704 6102441 4850665 830714 421062 2480873 1740820 511230 228823 86494 86494 207244 207244 11750 11750 8099872 8099872 6124193 4781228 1223050 119915 836884 639818 47101 149965 453856 76337 290093 87426 2045370 433812 1555973 55585 2175901 2083239 85628 7034 3311097 2975244 185766 150087 372254 230893 105630 35731 764190 580506 140735 42949 10523156 10128901 362898 31357 1797123 1725388 65910 5825 SUPPLIES and EQUIPMENT 2499360 2258287 194304 46769 FOOD 2250455 2167103 60755 22597 Taxes & Licenses 1166349 20370 1144046 1933 BAD DEBT 224807 177799 47004 4 1153652 849939 215269 88444 113512077 84627292 24028075 4856710 10656160 14165306 1741217 3735615 340227 63969 0 0 0 0 6436464 6346757 158125 127339 592726 543091 359214625 180798646 176975747 178415979 279828586 312959239 708355890 748822817 0 21337881 21520341 1206423023 1286700453 3865118 4916625 12095517 11276733 0 0 14666668 13333335 24926279 25244099 55553582 54770792 X 372742454 405516641 778126987 826413020 1150869441 1231929661 1206423023 1286700453 X 44721230 34313895 2025095 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 893307731 494366 106423807 16630502 37284492 946310910 825135530 5256576 118240897 14489929 40835343 893307731 808370097 218480 67115786 13395177 37173656 825135530 717144022 1513400 137298673 12287694 35298304 808370097 551848925 111916 214863786 13988515 35692090 717144022 0.1793 0.4943 0.3264 false false 4500000 740991 5240991 268168491 130344686 137823805 79109721 50453960 28655761 6695422 6695422 178415979 Closely-held equity interests Financial derivatives PRIVATE CAPITAL FUNDS 334659957 F OIL and GAS RIGHTS 2369754 F Absolute Return FUNDS 173197042 F REAL ASSET FUNDS 72394187 F BOND AND STOCK FUNDS 166201877 F 748822817 Federal Income Taxes INTEREST RATE SWAP LIABILITY 508226 DEPOSITS AND OTHER 1902971 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 15957435 CONDITIONAL ASSET RETIREMENT OBLIGATION 6875467 25244099 X 169150792 34313895 3432391 37746286 131404506 8099872 18728929 26828801 158233307 88090572 1407296 1407296 86683276 8099872 18728929 26828801 113512077 Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUNDS ARE USED TO SUPPORT OPERATIONS, PROVIDE STUDENT AID, AND OTHER USES AS DIRECTED BY DONORS. PRINCIPIA'S ENDOWMENT PROVIDES SUBSTANTIAL FUNDING FOR ANNUAL AND CAPITAL EXPENDITURES. PRINCIPIA INCURS SUBSTANTIAL FIXED COSTS FROM OPERATING TWO SEPARATE EDUCATIONAL INSTITUTIONS (4-YEAR LIBERAL ARTS COLLEGE AND PRE-K THROUGH 12TH GRADE SCHOOL). MANAGEMENT OF THE ENDOWMENT IS OVERSEEN BY AN INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES AND THE OFFICE OF THE CHIEF INVESTMENT OFFICER. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote GAAP requires that Principia evaluate its tax positions and recognize a tax liability (or asset) if Principia has taken an uncertain tax position that, more likely than not, would not be sustained on examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of June 30, 2025, there are no uncertain tax positions taken. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rental expenses reported as offset to rental income - 1407296 Change in value of beneficial interests in trusts held by others - 1537969 Change in value of split interest agreements - 1114571 Change in value of perpetual trusts held by third party trustees - -525465 Change in fair value of interest rate swap - -101980 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Grants to students deducted on f/a in arriving at revenues - 16718657 Internal Investment Management Fees reimbursed from endowment - 2010272 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental expenses reported as offset to rental income - 1407296 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Grants to students deducted on f/s in arriving at revenues - 16718657 Internal Investment Management Fees reimbursed from endowment - 2010272 true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY NONDISCRIMINATORY POLICY PUBLICIZED WITHIN COLLEGE AND OTHER SCHOOL CATALOGUES AND APPLICATION MATERIALS, AS WELL AS NEWSPAPERS, WHEN APPROPRIATE. Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT AND FACULTY STUDY 250873 Central America and the Caribbean 0 0 Investments 131243395 Europe (Including Iceland and Greenland) 0 0 Investments 66561399 North America (Canada & Mexico only) 0 0 Investments 3848786 Sub-Saharan Africa 0 0 Program Services STUDENT AND FACULTY STUDY 92413 South Asia 0 0 Program Services STUDENT AND FACULTY STUDY 2014 Middle East and North Africa 0 0 Program Services STUDENT AND FACULTY STUDY 277558 South America 0 0 Program Services Student and Faculty study 234198 East Asia and the Pacific 0 0 Program Services STUDENT AND FACULTY STUDY 16688 0 0 0 0 0 0 202527324 0 202527324 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual true The Cedars Camps 19772 Sugar Drive Lebanon MO 655367673 440663883 501(C)(3) 16000 To provide Cedars Camps with monetary assistance for the food, housing and activities that Cedars provides to Principia's international students during summer break. 1 0 GRANTS and SCHOLARSHIPS 620 16718657 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds PRINCIPIA DISTRIBUTES GRANT AND SCHOLARSHIP FUNDS ONLY TO STUDENTS WHO APPLY THROUGH AN OFFICIAL FINANCIAL AID PROCESS. ALL GRANTS AND SCHOLARSHIPS ARE APPLIED TO THE STUDENT'S PRINCIPIA ACCOUNT TO OFFSET TUITION, ROOM, BOARD, AND FEES. ALL GRANTS AND SCHOLARSHIPS ARE FROM INSTITUTIONAL FUNDS. X X true true X X false false false false false false false false false Robert MacDonald Former Trustee 52100 0 0 0 0 0 0 0 0 0 52100 0 0 0 Lee Barron Assistant Secretary/General Counsel 219764 0 0 0 11968 0 4500 0 25955 0 262187 0 0 0 Edward McCarty Assist. Secretary/Director of Principal Gifts 146364 0 0 0 2802 0 4500 0 28530 0 182196 0 0 0 Donald D Miller Assistant Secretary/ Assist. CFO 185501 0 0 0 8744 0 4500 0 4135 0 202880 0 0 0 Barbara Blackwell Chief Executive 293676 0 0 0 12863 0 4500 0 125371 0 436410 0 0 0 Thomas Nickell CFO/COO 260451 0 0 0 8683 0 4500 0 12906 0 286540 0 0 0 Merry Sorrells Head of School 259767 0 0 0 22883 0 4500 0 65619 0 352769 0 0 0 Hans Fredrikson Chief Investment Officer 296940 0 0 0 3216 0 4500 0 19047 0 323703 0 0 0 Daniel Norton College President 260623 0 0 0 7860 0 4500 0 79061 0 352044 0 0 0 Julie Holser Assistant Secretary/Controller 139083 0 0 0 1244 0 4500 0 28311 0 173138 0 0 0 Tamara Gavaletz Director of School Business Ops 161040 0 0 0 1142 0 4500 0 52767 0 219449 0 0 0 Joy Fowler College Chief Operations Officer (thru March 1, 2025) 151769 0 0 0 2037 0 4500 0 35460 0 193766 0 0 0 Sarah Neale Rand Chief Advancement, Marketing and Communications Officer 195067 0 0 0 1061 0 4500 0 54889 0 255517 0 0 0 Samantha Dry Principal, Upper School and Middle School 195539 0 0 0 1613 0 4500 0 22088 0 223740 0 0 0 Terry Grigsby Assistant Head of School for Enrollment Management 165194 0 0 0 1142 0 4500 0 25748 0 196584 0 0 0 Brian Roberts Assoc Dean of Academic Assessment & Curriculum 150597 0 0 0 2205 0 4500 0 27207 0 184509 0 0 0 Steven Stock Director of Facilities 148954 0 0 0 1189 0 4500 0 12004 0 166647 0 0 0 Elise Crow Legal Advisor/Attorney 148182 0 0 0 945 0 4500 0 56349 0 209976 0 0 0 Jennifer Silver Chief Human Resources Officer 154293 0 0 0 1706 0 4500 0 66435 0 226934 0 0 0 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 CHIEF EXECUTIVE IS ALSO PROVIDED THE USE OF AN APARTMENT ON THE COLLEGE CAMPUS. THE ESTIMATED VALUES OF THESE BENEFITS ARE 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. A VILLAGE OF ELSAH JERSEY COUNTY IL 376037763 2006-02-01 10000000 CONSTRUCTION false false false B VILLAGE OF ELSAH JERSEY COUNTY IL 376037763 2005-09-01 10000000 CONSTRUCTION false false false A 4361634 0 10000000 0 0 0 50896 0 0 9949104 0 0 2008 false false true true B 4361633 0 10000000 0 0 0 98217 0 0 9901783 0 0 2007 false false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true B false false false false false false 0.0 0.0 0.0 false false 0 false true A false false true false true true BANK OF AMERICA 30.0 true false false 0 false false true B false false false true true true BANK OF AMERICA 30.0 true false false 0 false false true A true B true Schedule K, Part IV, Line 2c COLUMN B Issuer name: VILLAGE OF ELSAH, JERSEY COUNTY, IL The calculation for computing no rebate due was performed on 10/13/2008 See Part V 81500 Merit scholarships See Part V 212989 Staff discount Samuel M Barron son of Lee Barron (General Counsel) 114849 COMPENSATION AND BENEFITS false Laurel Walters spouse of David Walters (Treasurer) 107001 Compensation and benefits false Brian Gavaletz Spouse of Tami Gavaletz (Director of School Business Operations) 88804 Compensation and benefits false Cynthia S Miller Spouse of Donald Miller (Assistant CFO) 29099 Compensation and benefits false Nargis Forber-Pratt Spouse of Ian Forber-Pratt (Trustee) 66285 Compensation and benefits false AMY NICKELL SPOUSE OF TOM NICKELL (COO/CFO) 60575 Compensation and benefits false Peter Dry (The PDL Group LLC) spouse of Samantha Dry (Upper and Middle School Principal) 146300 Compensation for consulting services false Clinton Staley brother of Lisle Stigler (Trustee) 142879 COMPENSATION AND BENEFITS false Catherine Staley spouse of brother of Lisle Stigler (Trustee) 19070 COMPENSATION AND BENEFITS false Christopher Holser Spouse of Julie Holser (Controller and Assistant Secretary) 50456 Compensation and benefits false Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS COLLEGES, UNIVERSITIES AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY HAVE PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCH L, PART III, COLUMNS (A) AND (B) HAVE BEEN LEFT BLANK. 15 1943046 Market value 1 3077655 Market value 1 4500000 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions received Real estate - Other - Approx 100 farmland acres in Monterey County, CA - Number of contributions received Real estate - Residential - Number of contributions received Form 990, Part III, Line 4a Program Description (CONT.) PRINCIPIA "TAKES THE POSITION THAT EDUCATION, IN ITS FULLEST SENSE, CANNOT BE CONFINED TO ACADEMIC SUBJECTS BUT INCLUDES THE BUILDING OF CHARACTER" (FROM PURPOSE AND POLICIES OF THE PRINCIPIA). PRINCIPIA COLLEGE IS LOCATED IN ELSAH, ILLINOIS (45 MINUTES FROM ST. LOUIS, MISSOURI). A PORTION OF THE CAMPUS IS A DESIGNATED NATIONAL HISTORIC LANDMARK DISTRICT FOR ITS MANY BUILDINGS AND DESIGNS BY RENOWNED ARCHITECT BERNARD MAYBECK. THE CURRICULUM CURRENTLY OFFERS COURSES IN 28 REGULAR ACADEMIC MAJORS LEADING TO EITHER A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. 28 STATES AND 34 COUNTRIES ARE REPRESENTED AMONG THE STUDENTS. NATIONAL PUBLICATIONS RECOGNIZE PRINCIPIA COLLEGE AS ONE OF THE TOP LIBERAL ARTS SCHOOLS IN THE MIDWEST, INCLUDING CONSISTENT TOP-TEN RANKINGS AS A "BEST VALUE SCHOOL". THE COLLEGE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND ENROLLS APPROXIMATELY 300 STUDENTS EACH ACADEMIC YEAR. PRINCIPIA SCHOOL IS A COED BOARDING AND DAY SCHOOL LOCATED ON A 360-ACRE CAMPUS IN THE WESTERN SUBURBS OF ST. LOUIS. INSTRUCTION IS PROVIDED TO APPROX. 500 STUDENTS IN PRE-SCHOOL THROUGH 12TH GRADE. OVER 90 % OF GRADUATING SENIORS GO ON TO COLLEGE. THE UPPER SCHOOL OFFERS 20 HONORS/AP CLASSES. 85% OF UPPER SCHOOL FACULTY HOLD ADVANCED DEGREES. Form 990, Part III, Line 4c Program Description (CONT.) UPPER SCHOOL STUDENTS MAY PARTICIPATE IN THE ST. LOUIS METRO LEAGUE IN ONE OR MORE SPORTS OF THE 15 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. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 8,549,549 including grants of $ 0)(Revenue $ 2,499,941) OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of five members, all of whom shall be voting Trustees. The Chair, Vice Chair, Secretary, and Treasurer of the Board of Trustees shall be members. In addition, one Trustee shall be nominated by the Committee on Trusteeship and elected by the Board at the annual meeting to serve at-large on the Committee. The Chief Executive shall be an ex-officio member of the Executive Committee, and shall serve without vote and not be counted as part of a quorum for the purposes of transacting business. The purpose of the Executive Committee is twofold: (1) it shall act as the Board's agent in helping the Chief Executive to address necessary business between regular Board meetings, and (2) it shall assist the Chair and the Chief Executive with their joint responsibility to help the Board function effectively and efficiently by suggesting Board meeting agenda items and periodically assessing the quality of Committee work. The Committee shall have the authority, if and as necessary, to act for the Board of Trustees on all matters except for the following, which shall be reserved for the Board: Chief Executive selection and termination; ratification of the appointment of both campus heads and the chief finance, investment and advancement officers; Trustee and Board-Officer election; changes in institutional mission; changes to the articles of incorporation; changes to the Purpose and Policies of The Principia; incurring of corporate indebtedness; sale, purchase, or construction of property or assets of the type and in excess of the amount set forth in the Board Policy Manual; adoption of the annual budget; and conferral of degrees. These bylaws or other Board policies may reserve other powers for the Board of Trustees. In addition to its authority to take action on emergency matters that cannot or should not be deferred to the Board's next scheduled meeting, the Executive Committee shall oversee the work of Board committees, the institution's planning process and progress on planning goals, the Board's responsibility to support the Chief Executive and assess his or her performance, and review annually the Chief Executive's compensation and terms of employment. Written policies shall direct the Board in its assessment of the Chief Executive's performance and determination of compensation. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Principia Administrative Corporation (a Missouri Nonprofit Corporation) may select (by a majority vote of its directors) members of the governing board of The Principia Corporation. The Principia Administrative Corporation may remove members of the governing board of The Principia Corporation by a two-thirds vote of its directors. The purposes for which The Principia Administrative Corporation is organized are exclusively charitable, scientific, religious, and educational. Form 990, Part VI, Line 11b Review of form 990 by governing body AFTER PRINCIPIA'S ASSISTANT CHIEF FINANCIAL OFFICER PREPARES THE FORM 990, IT IS REVIEWED BY THE FIRM OF CROWE LLP. AFTER REVIEW, THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR FURTHER REVIEW AND COMMENT. IF ANY CHANGES ARE NEEDED, THEY ARE MADE AND THEN THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO ELECTRONICALLY SUBMITTING IT TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST STATEMENTS ARE ANNUALLY SUBMITTED TO THE OFFICE OF THE CHIEF FINANCIAL OFFICER BY TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THESE STATEMENTS ARE REVIEWED BY THE ASSISTANT CHIEF FINANCIAL OFFICER FOR THE PURPOSES OF 1) IDENTIFYING POTENTIAL OR ACTUAL CONFLICTS OF INTEREST, AND 2) ASSURING THAT TRANSACTIONS INVOLVING POTENTIAL OR ACTUAL CONFLICTS ARE PROPERLY DISCLOSED. IF CONFLICTS ARE DETERMINED TO EXIST, THE ASSISTANT CHIEF FINANCIAL OFFICER WILL NOTIFY THE CHAIR OF THE AUDIT COMMITTEE OR THE CHAIR OF THE BOARD OF TRUSTEES, WHO WILL INFORM THE PARTY IN QUESTION THAT IT WOULD BE APPROPRIATE FOR THAT INDIVIDUAL TO REFRAIN FROM DISCUSSIONS OR VOTES INVOLVING THE IDENTIFIED CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official PRINCIPIA USES A BENCHMARK SYSTEM WHERE the Chief Executive salary is determined AFTER REVIEWING WAGE DATA FOR COMPARABLE INSTITUTIONS, historical data for the organization, and a recommendation by human resources. THIS BENCHMARK REVIEW PROCESS IS COMPLETED BY the executive committee. ANY PROPOSED SALARY CHANGES ARE MADE BY the executive committee. Form 990, Part VI, Line 19 Required documents available to the public PRINCIPIA MAKES THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING BOARD BYLAWS ARE POSTED ON PRINCIPIA'S WEBSITE. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All other revenue - Total Revenue: 583426, Related or Exempt Function Revenue: 583426, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of beneficial interests in trusts held by others - 1537969; Change in value of perpetual trusts held by third party trustees - -525465; Change in value of split interest agreements - 1114571; Change in fair value of interest rate swap - -101980; Total - 2025095; Form 990, Part VI, Section A, Line 2 Family and Business Relationships Form 990, Part VI, Section A, Line 2 is answered yes as Each of the directors listed at Part VII, Section A serves as a director of a related organization for the same term length. PRINCIPIA HOLDINGS LLC 13201 CLAYTON ROAD ST LOUIS MO 63131 INVESTING MO 0 0 PRINCIPIA CORPORATION PRINCIPIA COLLEGE COMMUNICATIONS 13201 CLAYTON ROAD ST LOUIS MO 63131 431538094 SUPPORTING ORGANIZATION MO 501(c)(3) Type I PRINCIPIA CORPORATION true STICHTING FRED M VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION PO BOX 5155 GD OOSTRUM NL NL5750 SUPPORTING ORGANIZATION NL PRINCIPIA CORPORATION false PRINCIPIA CLUBS 13201 CLAYTON ROAD SAINT LOUIS MO 63131 431438110 GROUP PARENT MO 501(c)(3) 10 PRINCIPIA CORPORATION true CHARITABLE LEAD TRUST (5) CHARITABLE LEAD TRUST TO BENEFIT PRINCIPIA NA Trust true PERPETUAL TRUSTS (5) PERPETUAL TRUSTS TO BENEFIT PRINCIPIA NA Trust true CHARITABLE REMAINDER TRUSTS (30) CHARITABLE REMAINDER TRUSTS TO BENEFIT PRINCIPIA NA Trust true NON-CHARITABLE TRUSTS (2) TRUST CREATED BY BEQUEST TO BENEFIT PRINCIPIA NA Trust true POOLED INCOME FUNDS (31) POOLED INCOME FUND TO BENEFIT PRINCIPIA NA Trust true PRINCIPIA ADMINISTRATIVE CORPORATION 13201 CLAYTON RD SAINT LOUIS MO 63131 813381065 APPOINTMENT OF RELATED ORGANIZATIONS' BOARD MEMBERS MO C Corporation false false false false false false false false false false false false false false false false false false false false Schedule R, Part V, Line 2 IDENTIFICATION OF RELATED TAX EXEMPT ORGANIZATIONS THE STICHTING FRED M. VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION IS AN EXEMPT ENTITY ORGANIZED IN THE NETHERLANDS. IT HAS NO U.S. SOURCED INCOME AND NO U.S. FILING REQUIREMENT.