Nonprofit · EIN 42-1312301
PRINCIPAL FINANCIAL GROUP FOUNDATION INC
Tax-exempt · DES MOINES, IA 50392
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $7,731,547 | $16,121,709 | -$8,390,162 | $204,082,050 | -$67,871 | $204,149,921 |
| December 31, 2023 | 990-PF | $8,162,842 | $17,614,902 | -$9,452,060 | $189,593,217 | $186,100 | $189,407,117 |
| December 31, 2021 | 990-PF (amended) | $19,618,337 | $12,024,715 | $7,593,622 | $217,742,870 | $35,000 | $217,707,870 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $143,673
- Dividends
- $7,348,087
- Interest
- $239,787
Expenses
- Grants and similar amounts paid
- $12,981,199
- Compensation of officers, directors and key employees
- $88,500
- Salaries, compensation and benefits (total)
- $149,040
- Disbursements for charitable purposes
- $15,280,533
- Excise tax on investment income
- $422,796
Balance sheet and other
- Total assets, start of year
- $189,593,217
- Total assets, end of year
- $204,082,050
- Total liabilities, end of year
- -$67,871
- Net assets, end of year
- $204,149,921
- Fair market value of assets
- $210,088,246
- Qualifying distributions
- $15,280,533
- Net investment income
- $30,720,840
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| See Schedule C 711 High Street, Des Moines, IA 50392 | Various | 0 | $88,500 |
| Alyssa Nelson 711 High Street, Des Moines, IA 50392 | Strategist Highest-paid employee | 26 | $70,878 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| See Schedule C 711 High Street, Des Moines, IA 50392 | Various | 0 | $88,015 |
| Alyssa Nelson 711 High Street, Des Moines, IA 50392 | Strategist Highest-paid employee | 28 | $67,550 |
| Rachel Woodhouse 711 High Street, Des Moines, IA 50392 | Strategist Highest-paid employee | 24 | $58,483 |
| Skylar Mayberry Mayes 711 High Street, Des Moines, IA 50392 | Strategist Highest-paid employee | 20 | $55,125 |
990-PF for the year ended December 31, 2021: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| See Schedule C 711 High Street, Des Moines, IA 50392 | Various | 0 | $112,000 |
| Rachel Woodhouse 711 High Street, Des Moines, IA 50392 | Program Manager Highest-paid employee | 32 | $64,887 |
Address and contacts
- Address (IRS master file)
- 711 HIGH ST, DES MOINES, IA 50392-0001
- Signed the 990-PF
- Janis Benson, Secretary
- Phone
- (515) 247-5111
- Website
- www.principal.com
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-1312301
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $204,082,050
- Income (IRS master file)
- $7,731,547
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $7,731,547 | $16,121,709 | $204,082,050 | IRS |
| 990-PF | December 2023 | $8,162,842 | $17,614,902 | $189,593,217 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | $19,618,337 | $12,024,715 | $217,742,870 | XML |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1312301).
Questions about PRINCIPAL FINANCIAL GROUP FOUNDATION INC
- What is the EIN of PRINCIPAL FINANCIAL GROUP FOUNDATION INC?
- The employer identification number (EIN) of PRINCIPAL FINANCIAL GROUP FOUNDATION INC is 42-1312301.
- Is PRINCIPAL FINANCIAL GROUP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to PRINCIPAL FINANCIAL GROUP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PRINCIPAL FINANCIAL GROUP FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PRINCIPAL FINANCIAL GROUP FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRINCIPAL FINANCIAL GROUP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of PRINCIPAL FINANCIAL GROUP FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $88,500 (See Schedule C, Various).
- How much revenue does PRINCIPAL FINANCIAL GROUP FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $7,731,547, expenses of $16,121,709 and total assets of $204,082,050 at year end.
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