2024-05-03T13:33:54+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 430652667 The Principia Corporation PRIN 3144342100 13201 Clayton Road St Louis MO 63131 Donald D Miller Assistant Chief Financial Officer 2024-05-03 true Donald Miller 999009999 true Nicole Bencik P00756195 3128997000 2022 2023-04-26 12:10:37Z Donald D Miller 13201 Clayton Road St Louis MO 63131 180025848 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 12 1219 461 3648313 0 19150970 14819824 24402254 25582602 212142338 43156424 1225638 1941166 256921200 85500016 12763873 14456449 0 45656896 47647930 0 4070463 33644221 38958367 92064990 101062746 164856210 -15562730 1121774918 1138240701 66942375 59303631 1054832543 1078937070 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 46866605 14456449 17674476 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." 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 25 REGULAR ACADEMIC MAJORS LEADING TO EITHER A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. 30 STATES AND 26 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 300-350 STUDENTS EACH ACADEMIC YEAR. DURING 2023, TEAMS FROM THE COLLEGE FINISHED IN SECOND PLACE IN THE AMERICAN SOLAR CHALLENGE, FIRST PLACE IN DIVISION II RUGBY, AND FIRST PLACE IN TEAM MEDIATION AT THE INTERNATIONAL LAW SCHOOL MEDIATION TOURNAMENT IN BOLOGNA, ITALY. 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. 375 STUDENTS IN PRE-SCHOOL THROUGH 12TH GRADE. OVER 90 PERCENT OF GRADUATING SENIORS GO ON TO COLLEGE. THE UPPER SCHOOL OFFERS 14 HONORS/AP CLASSES. 86% OF UPPER SCHOOL FACULTY HOLD ADVANCED DEGREES. 16630974 7908126 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 AT 12 HOUSES. The St. Louis campus accepts both day and boarding students. UPPER and Middle SCHOOL Boarding STUDENTS ARE HOUSED IN EITHER A BOYS GIRLS' DORMITORY. STUDENTS MAY PURCHASE A VARIETY OF SCHOOL SUPPLIES, BOOKS, CLOTHING, AND PERSONAL ITEMS AT EITHER THE COLLEGE OR SCHOOL BOOKSTORE. 14876617 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. DURING 2023, THE SCHOOL COMPLETED THE 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. THE OFFICE OF STUDENT LIFE COORDINATES COLLEGE SOCIAL ACTIVITIES, INTERNATIONAL STUDENT SUPPORT, RESIDENTIAL LIVING, AND STUDENT GOVERNMENT. 1839487 OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT 1839487 78374196 true true 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 958 0 true 1219 true true true true NL false false false false false false false false false false X 14 12 false false false false false false true true true false false true true true true true true true false false X Donald D Miller 3145143103 13201 Clayton Road St Louis MO 63131 Bruce Bond Trustee, Vice Chair (thru June 10, 2023) 5.0 X X 0 0 0 D Stephen DeWindt Vice Chairman 5.0 X X 0 0 0 David Walters CFO/Acting COO (thru March 2022), Treasurer 5.0 X X 13956 0 0 Kristin Jamerson Trustee/Exec Comm Member at Large 5.0 X X 0 0 0 Mindy Savides Treasurer (thru June 10, 2023), Trustee 5.0 X X 0 0 0 Patricia Sarkisian Secretary 5.0 X X 0 0 0 Scott L Schneberger Acting Chief Executive (thru June 2022) and Board Chairman 40.0 X X 145702 0 41310 Allan Marquardt Trustee 5.0 X 0 0 0 Chestnut Booth 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 Janna L Hernholm Trustee 5.0 X 0 0 0 Jorian Clarke Trustee 5.0 X 0 0 0 Stephen J Shaper Trustee 5.0 X 0 0 0 Todd Boyman Trustee 5.0 X 0 0 0 Barbara Blackwell Chief Executive 40.0 X 287694 0 92296 Donald D Miller Assist. Secretary, Assist. CFO and Controller 40.0 X 160467 0 8845 Edward McCarty Assist. Secretary/Director of Planned Giving 40.0 X 131897 0 34645 Howard E Berner Jr Chief Investment Officer 40.0 X 297046 0 18646 Lee Barron Assistant Secretary/General Counsel 40.0 X 244400 0 21688 Thomas Nickell CFO/COO 40.0 X 202746 0 14151 John Williams College President 40.0 X 214663 0 19623 Meggan Madden Academic Dean 40.0 X 186479 0 8339 Merry Sorrells Head of School (beginning July 2022) 40.0 X 187112 0 47618 Tamara Gavaletz Director of School Bus Ops 40.0 X 177551 0 33250 Duncan Martin Faculty 40.0 X 137557 0 10955 James Huddleston Jr Director of IT and Network Telecommunications 40.0 X 133659 0 18841 Joy Turnbaugh College Chief Operations Officer 40.0 X 135145 0 57430 Maya Dietz Dean of Student Life 40.0 X 140180 0 61023 William B Stock Faculty 40.0 X 139086 0 6393 Peter Dry Former ASST HEAD OF SCHOOL INNOVATION AND STRATEGY 0.0 X 100400 0 0 3035740 0 495053 43 true true false Helmkamp Construction Co 707 Berkshire Blvd East Alton IL 620241326 Construction Materials and Services 13684017 Old World Roofing 2700 Brannon Avenue St Louis MO 63139 Construction Materials and Services 705895 Sprinturf LLC 146 Fairchild St 150 Daniel Island SC 29492 Landscaping construction services 475900 Ellucian Company 4 Country View Road Malvern PA 193551408 Information Technology Services 310559 DH Pace Co 1901 E 119th St Olathe KS 66061 Construction materials and services 308346 34 14819824 65771 14819824 Tuition and fees 611310 17674476 17674476 Auxiliary enterprises 611310 7102938 7102938 Fees for non-academic credit offerings 611310 805188 805188 0 0 0 0 25582602 18980344 3648313 15332031 1500042 1398363 101679 0 101679 101679 117266116 37433 93127469 0 24138647 37433 24176080 24176080 0 Credit card purchase rebates 900099 78954 78954 Employee contributions for health care and COBRA 900099 596439 596439 Child care charged to employees 900099 302354 302354 861740 861740 0 0 1839487 85500016 27422089 3648313 39609790 13726 13726 14442723 14442723 2428910 2257653 171257 522242 377451 42271 102520 34462107 27935490 4298406 2228211 1202630 983894 177180 41556 6412382 5039749 1001209 371424 2619659 1980381 456885 182393 147604 147318 286 240333 240333 4233597 4233597 5942930 4271668 1547926 123336 650636 397191 46206 207239 512731 104474 299800 108457 2691685 470093 2184481 37111 2642930 2530382 103982 8566 4206545 3769462 198396 238687 244298 199963 38308 6027 886707 677093 165942 43672 8796767 8426257 340430 30080 1582372 1518373 57934 6065 SUPPLIES and EQUIPMENT 2325269 2140525 133365 51379 FOOD 2055059 1976580 53085 25394 BAD DEBT 504951 264773 240178 0 Taxes & Licenses 405607 246152 128000 31455 888346 607796 225202 55348 101062746 78374196 18618087 4070463 7830610 9919027 7614400 1035044 293496 356445 0 0 0 0 7299953 6691162 239150 183549 1613668 1229297 339710160 161308475 172236272 178401685 300574282 253573696 583803882 647637555 0 40269205 39213241 1121774918 1138240701 7661338 5394108 13612336 12872258 0 0 17333334 16000001 28335367 25037264 66942375 59303631 X 320013868 331600762 734818675 747336308 1054832543 1078937070 1121774918 1138240701 X -15562730 36464774 3202483 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 808370097 218480 67115786 13395177 37173656 825135530 717144022 1513400 137298673 12287694 35298304 808370097 551848925 111916 214863786 13988515 35692090 717144022 582978570 77053 15982633 12446593 34742738 551848925 600831567 1082536 27646983 12720956 33861560 582978570 0.1667 0.5621 0.2712 false false 740991 740991 261032210 116051264 144980946 72335144 45257211 27077933 5601815 5601815 178401685 GENERAL and LIMITED PARTNERSHIPS REAL ESTATE 16000 F PRIVATE CAPITAL FUNDS 282470535 F OIL and GAS RIGHTS 2857489 F Absolute Return FUNDS 156840782 F REAL ASSET FUNDS 68529826 F BOND AND STOCK FUNDS 136922923 F 647637555 INTEREST RATE SWAP LIABILITY 599927 DEPOSITS AND OTHER 2594579 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 15770999 CONDITIONAL ASSET RETIREMENT OBLIGATION 6071759 25037264 X 106881139 36464774 4600746 41065520 65815619 5241674 14442723 19684397 85500016 82776712 1398363 1398363 81378349 5241674 14442723 19684397 101062746 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, 2023, 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 - 1398363 Change in value of beneficial interests in trusts held by others - 1741502 change in value of split interest agreements - 956465 Change in value of perpetual trusts held by third party trustees - -115304 change in fair value of interest rate swap - 619720 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Grants to students deducted on F/S in arriving at revenues - 14442723 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 - 1398363 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 - 14442723 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 497522 Central America and the Caribbean 0 0 Investments 124960579 Europe (Including Iceland and Greenland) 0 0 Investments 55055431 North America (Canada & Mexico only) 0 0 Investments 3636925 Sub-Saharan Africa 0 0 Program Services STUDENT AND FACULTY STUDY 657474 South America 0 0 Program Services STUDENT AND FACULTY STUDY 293549 East Asia and the Pacific 0 0 Program Services STUDENT AND FACULTY STUDY 12968 Middle East and North Africa 0 0 Program Services STUDENT AND FACULTY STUDY 246484 0 0 0 0 0 0 185360932 0 185360932 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 AMERICA-Accrual; SUB-SAHARAN AFRICA-Accrual true The Cedars Camps 19772 Sugar Drive Lebanon MO 655367673 440663883 501(C)(3) 13726 To aid Cedars Camps in providing assistance to Principia in the form of food, housing, and activities for international students during summer break. 1 0 GRANTS and SCHOLARSHIPS 612 14442723 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 true false false false false false false false false Scott L Schneberger Acting Chief Executive (thru June 2022) and Board Chairman 130000 0 0 0 15702 0 4201 0 37109 0 187012 0 0 0 Howard E Berner Jr Chief Investment Officer 290111 0 0 0 6935 0 7302 0 11344 0 315692 0 0 0 Lee Barron Assistant Secretary/General Counsel 238979 0 0 0 5421 0 6280 0 15408 0 266088 0 0 0 Edward McCarty Assist. Secretary/Director of Planned Giving 134400 0 0 0 -2503 0 4188 0 30457 0 166542 0 0 0 Donald D Miller Assist. Secretary, Assist. CFO and Controller 158730 0 0 0 1737 0 4675 0 4170 0 169312 0 0 0 Barbara Blackwell Chief Executive 250000 0 0 0 37694 0 6500 0 85796 0 379990 0 0 0 Thomas Nickell CFO/COO 177866 0 0 0 24880 0 5057 0 9094 0 216897 0 0 0 Meggan Madden Academic Dean 184970 0 0 0 1509 0 5199 0 3140 0 194818 0 0 0 John Williams College President 213782 0 0 0 881 0 5776 0 13847 0 234286 0 0 0 Tamara Gavaletz Director of School Bus Ops 165000 0 0 0 12551 0 4800 0 28450 0 210801 0 0 0 Merry Sorrells Head of School (beginning July 2022) 120000 0 20000 0 47112 0 3900 0 43718 0 234730 0 0 0 Maya Dietz Dean of Student Life 150324 0 0 0 -10144 0 4506 0 56517 0 201203 0 0 0 James Huddleston Jr Director of IT and Network Telecommunications 134777 0 0 0 -1118 0 4176 0 14665 0 152500 0 0 0 Joy Turnbaugh College Chief Operations Officer 143484 0 0 0 -8339 0 4370 0 53060 0 192575 0 0 0 Peter Dry Former ASST HEAD OF SCHOOL INNOVATION AND STRATEGY 0 0 0 0 100400 0 0 0 0 0 100400 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE RESIDENCES PROVIDED TO THE CHIEF EXECUTIVE, COLLEGE PRESEIDENT, AND HEAD OF SCHOOL ARE ALSO USED TO HOST STUDENT ACTIVITIES AND MEETINGS. THE COLLEGE PRESIDENT DID NOT RESIDE IN COLLEGE-PROVIDED HOUSING DURING FY 2023. THE HEAD OF SCHOOL LIVED ON CAMPUS, AS DID THE CHIEF EXECUTIVE AND ACTING 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 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 RECIPIENTS. Schedule J, Part I, Line 4a Severance or change-of-control payment IN CALENDAR YEAR 2021, PRINCIPIA OFFERED CERTAIN EMPLOYEES WHO MET SPECIFIED CRITERIA VOLUNTARY EARLY RETIREMENT PACKAGES THAT INCLUDED MONETARY INCENTIVES. OVER 20 EMPLOYEES ACCEPTED THE PACKAGES, INCLUDING 5 WHO WERE PAID SEVERANCE IN CALENDAR year 2022 as reported in Schedule J, Part II. Amounts applicable to these individuals are as follows: William B Stock - $92,737 Duncan Martin - $92,309 One individual (Peter Dry) listed in Part VII, Section A, received cash payments in connection with a severance agreement entered into in 2021. Such amounts are included in Sch J, column B(iii) "Other reportable compensation, are as follows: $90,000 in calendar year 2021 and $90,000 in calendar year 2022. A VILLAGE OF ELSAH JERSEY COUNTY ILLINOIS 376037763 2006-02-01 10000000 CONSTRUCTION false false false B VILLAGE OF ELSAH JERSEY COUNTY ILLINOIS 376037763 2005-09-01 10000000 CONSTRUCTION false false false A 3563871 0 10000000 0 0 0 50896 0 0 9949104 0 0 2008 false false true true B 3563871 0 10000000 0 0 0 98217 0 0 9901783 0 0 2007 false false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false true true true BANK OF AMERICA 30.0 true false false false true B false true true true BANK OF AMERICA 30.0 true false false false true A true B true Schedule K, Part IV, Line 2c COLUMN A Issuer name: VILLAGE OF ELSAH, JERSEY COUNTY, ILLINOIS The calculation for computing no rebate due was performed on 10/13/2008 Schedule K, Part IV, Line 2c COLUMN B Issuer name: VILLAGE OF ELSAH, JERSEY COUNTY, ILLINOIS The calculation for computing no rebate due was performed on 10/13/2008 See Part V 108662 Merit scholarships See Part V 41859 Need-based grants See Part V 98601 Staff discount Samuel M Barron son of Lee Barron (General Counsel) 102798 COMPENSATION AND BENEFITS false Laurel Walters spouse of David Walters (CFO) 102520 Compensation and benefits false Brian Gavaletz Spouse of Tami Gavaletz (Director of School Business Operations) 96978 Compensation and benefits false Cynthia S Miller Spouse of Donald Miller (Controller and Assistant CFO) 42271 Compensation and benefits false Nargis Forber-Pratt Spouse of Ian Forber-Pratt (Trustee) 40828 Compensation and benefits false Lee Eubank Spouse of Megan Madden (dean of Academics) 136847 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. X 8 65771 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $)(Revenue $ 1,839,487) 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 990 RETURN, IT IS REVIEWED BY THE FIRM OF CROWE LLP. AFTER REVIEW, THE 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR FURTHER REVIEW AND COMMENT. IF ANY CHANGES ARE NEEDED, THEY ARE MADE AND THEN THE RETURN IS SENT 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 AND REVIEWED/APPROVED BY THE board. 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 Other Revenue - Total Revenue: 861740, Related or Exempt Function Revenue: 861740, 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 - 1741502; Change in value of perpetual trusts held by third party trustees - -115204; Change in value of split interest agreements - 956465; Change in fair value of interest rate swap - 619720; 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 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 (41) 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 (32) 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 N/A 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.