Nonprofit · EIN 43-0652667
PRINCIPIA CORPORATION
Tax-exempt · SAINT LOUIS, MO 63131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $158,233,307 | $113,512,077 | $44,721,230 | $1,286,700,453 | $54,770,792 | $1,231,929,661 |
| June 30, 2024 | 990 | $111,330,444 | $108,287,496 | $3,042,948 | $1,206,423,023 | $55,553,582 | $1,150,869,441 |
| June 30, 2023 | 990 | $85,500,016 | $101,062,746 | -$15,562,730 | $1,138,240,701 | $59,303,631 | $1,078,937,070 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,434,000
- of which government grants
- $7,989,244
- Program service revenue
- $28,284,288
- Investment income
- $90,594,125
- Net rental income
- $420,953
- Net gain from sales of assets
- $69,311,636
- Other revenue
- $2,920,894
Expenses
- Grants and similar amounts paid
- $16,734,657
- Compensation of officers, directors and key employees
- $3,365,335
- Other salaries and wages
- $38,270,787
- Salaries, compensation and benefits (total)
- $52,673,413
- Professional fundraising fees
- $11,750
- Legal fees
- $86,494
- Accounting fees
- $207,244
- Occupancy
- $2,175,901
- Travel
- $3,311,097
- Depreciation
- $10,523,156
- Program services (functional)
- $84,627,292
- Management and general (functional)
- $24,028,075
- Fundraising (functional)
- $4,856,710
Balance sheet and other
- Total assets, start of year
- $1,206,423,023
- Total assets, end of year
- $1,286,700,453
- Total liabilities, end of year
- $54,770,792
- Net assets, end of year
- $1,231,929,661
- Land, buildings and equipment
- $178,415,979
- Publicly traded securities
- $312,959,239
- Net assets without donor restrictions
- $405,516,641
- Net assets with donor restrictions
- $826,413,020
- Gross unrelated business income
- $4,727,578
- Gross receipts
- $229,437,036
- Employees
- 1,160
- Volunteers
- 413
- Year formed
- 1912
- State of legal domicile
- MO
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Barbara Blackwell | Chief Executive Officer | 40 | $306,539 | $129,871 |
| Merry Sorrells | Head of School Officer | 40 | $282,650 | $70,119 |
| Daniel Norton | College President Officer | 40 | $268,483 | $83,561 |
| Hans Fredrikson | Chief Investment Officer Officer | 40 | $300,156 | $23,547 |
| Thomas Nickell | CFO/COO Officer | 40 | $269,134 | $17,406 |
| Lee Barron | Assistant Secretary/General Counsel Officer | 40 | $231,732 | $30,455 |
| Sarah Neale Rand | Chief Advancement, Marketing and Communications Officer Key employee | 40 | $196,128 | $59,389 |
| Jennifer Silver | Chief Human Resources Officer Highest-paid employee | 40 | $155,999 | $70,935 |
| Samantha Dry | Principal, Upper School and Middle School Key employee | 40 | $197,152 | $26,588 |
| Tamara Gavaletz | Director of School Business Ops Key employee | 40 | $162,182 | $57,267 |
| Elise Crow | Legal Advisor/Attorney Highest-paid employee | 40 | $149,127 | $60,849 |
| Donald D Miller | Assistant Secretary/ Assist. CFO Officer | 40 | $194,245 | $8,635 |
| Terry Grigsby | Assistant Head of School for Enrollment Management Highest-paid employee | 40 | $166,336 | $30,248 |
| Joy Fowler | College Chief Operations Officer (thru March 1, 2025) Key employee | 40 | $153,806 | $39,960 |
| Brian Roberts | Assoc Dean of Academic Assessment & Curriculum Highest-paid employee | 40 | $152,802 | $31,707 |
20 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Edward McCarty | Assist. Secretary/Director of Principal Gifts Officer | 40 | $149,166 | $33,030 |
| Julie Holser | Assistant Secretary/Controller Officer | 40 | $140,327 | $32,811 |
| Steven Stock | Director of Facilities Highest-paid employee | 40 | $150,143 | $16,504 |
| Robert MacDonald | Former Trustee Former | 0 | $52,100 | $0 |
| Terry McNabb | Trustee Trustee or director | 5 | $9,000 | $0 |
| D Stephen DeWindt | VICE CHAIR (thru June 7, 2025) Trustee or director, Officer | 5 | $0 | $0 |
| David Walters | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Kristin Jamerson | Board Chair (begin June 8, 2025) Trustee or director, Officer | 10 | $0 | $0 |
| Liz Crow | TRUSTEE / EXEC COMM MEMBER-AT-LARGE Trustee or director, Officer | 5 | $0 | $0 |
| Patricia Sarkisian | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Scott L Schneberger | BOARD CHAIR (thru June 7, 2025), TRUSTEE Trustee or director, Officer | 10 | $0 | $0 |
| Todd Boyman | VICE CHAIR (Begin June 8, 2025) Trustee or director, Officer | 5 | $0 | $0 |
| Ann Austin | Trustee (begin June 2025) Trustee or director | 5 | $0 | $0 |
| Chestnut Booth | Trustee Trustee or director | 5 | $0 | $0 |
| Elisabeth Brinton | Trustee Trustee or director | 5 | $0 | $0 |
| Gavin Campbell | Trustee Trustee or director | 5 | $0 | $0 |
| Ian Forber-Pratt | Trustee Trustee or director | 5 | $0 | $0 |
| Inez Maubane Jones | Trustee Trustee or director | 5 | $0 | $0 |
| Lisle S Stigler | Trustee Trustee or director | 5 | $0 | $0 |
| Michael Distel | Trustee (through Aug 16, 2024) Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Barbara Blackwell | Chief Executive Officer | 40 | $287,454 | $109,521 |
| Merry Sorrells | Head of School Officer | 40 | $270,663 | $69,479 |
| Lee Barron | Assistant Secretary/General Counsel Officer | 40 | $248,007 | $33,515 |
| Thomas Nickell | CFO/COO Officer | 40 | $245,521 | $18,796 |
| Howard E Berner Jr | Chief Investment Officer (thru Aug 2023) Officer | 40 | $227,578 | $14,821 |
| Sarah Neale Rand | Chief Advancement, Marketing and Communications Officer (begin March 2023) Key employee | 40 | $184,924 | $48,793 |
| Daniel Norton | College President (begin July 2023) Officer | 40 | $162,531 | $45,903 |
| Tamara Gavaletz | Director of School Bus Ops Key employee | 40 | $158,471 | $46,437 |
| Samantha Dry | Upper (begin Feb 2023) and Middle School Principal Key employee | 40 | $169,366 | $29,502 |
| Donald D Miller | Controller (thru Jan 2024), Assist. CFO and Assist. Secretary Officer | 40 | $187,454 | $8,450 |
| Terry Grigsby | Assistant Head of School for Enrollment Management Highest-paid employee | 40 | $161,421 | $29,143 |
| Joy Turnbaugh | College Chief Operations Officer Highest-paid employee | 40 | $145,120 | $42,793 |
| Edward McCarty | Assist. Secretary/Director of Planned Giving Officer | 40 | $133,841 | $50,437 |
| Erin Rainwater | Dean of Students Highest-paid employee | 40 | $142,787 | $39,952 |
| John Williams | College President (through June 2023) Former | 40 | $156,058 | $26,355 |
| Meggan Madden | Academic Dean (through Sept 2023) Key employee | 40 | $150,850 | $28,588 |
| Brian Roberts | Interim Dean of Academics Highest-paid employee | 40 | $143,673 | $30,750 |
| Hans Fredrikson | Chief Investment Officer (begin July 2023) Officer | 40 | $148,218 | $14,060 |
| Christen Alford | Upper School Principal (through May 2023) Highest-paid employee | 40 | $145,079 | $7,906 |
| Terry McNabb | Trustee (begin Nov 2, 2023) Trustee or director | 5 | $9,000 | $0 |
| D Stephen DeWindt | Vice Chairman Trustee or director, Officer | 5 | $0 | $0 |
| David Walters | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Kristin Jamerson | Trustee/Exec Comm Member at Large Trustee or director, Officer | 5 | $0 | $0 |
| Patricia Sarkisian | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Scott L Schneberger | Board Chairman Trustee or director, Officer | 10 | $0 | $0 |
| Allan Marquardt | Trustee (thru Feb 14, 2024) Trustee or director | 5 | $0 | $0 |
| Chestnut Booth | Trustee Trustee or director | 5 | $0 | $0 |
| Elisabeth Brinton | Trustee (begin June 8, 2024) Trustee or director | 5 | $0 | $0 |
| Gavin Campbell | Trustee (Begin June 8, 2024) Trustee or director | 5 | $0 | $0 |
| Ian Forber-Pratt | Trustee Trustee or director | 5 | $0 | $0 |
| Inez Maubane Jones | Trustee Trustee or director | 5 | $0 | $0 |
| Janna L Hernholm | Trustee (thru June 23, 2024) Trustee or director | 5 | $0 | $0 |
| Jorian Clarke | Trustee (thru Nov 1, 2023) Trustee or director | 5 | $0 | $0 |
| Lisle S Stigler | Trustee (Begin June 8, 2024) Trustee or director | 5 | $0 | $0 |
| Liz Crow | Trustee (begin Nov 2, 2023) Trustee or director | 5 | $0 | $0 |
| Mayal Tshiabuila | Trustee (begin June 8, 2024 thru June 26, 2024) Trustee or director | 5 | $0 | $0 |
| Michael Distel | Trustee (begin June 8, 2024) Trustee or director | 5 | $0 | $0 |
| Mindy Savides | Trustee (thru Nov 1, 2023) Trustee or director | 5 | $0 | $0 |
| Stephen J Shaper | Trustee (thru Nov 1, 2023) Trustee or director | 5 | $0 | $0 |
| Todd Boyman | Trustee Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Barbara Blackwell | Chief Executive Officer | 40 | $287,694 | $92,296 |
| Howard E Berner Jr | Chief Investment Officer Officer | 40 | $297,046 | $18,646 |
| Lee Barron | Assistant Secretary/General Counsel Officer | 40 | $244,400 | $21,688 |
| Merry Sorrells | Head of School (beginning July 2022) Key employee | 40 | $187,112 | $47,618 |
| John Williams | College President Key employee | 40 | $214,663 | $19,623 |
| Thomas Nickell | CFO/COO Officer | 40 | $202,746 | $14,151 |
| Tamara Gavaletz | Director of School Bus Ops Key employee | 40 | $177,551 | $33,250 |
| Maya Dietz | Dean of Student Life Highest-paid employee | 40 | $140,180 | $61,023 |
| Meggan Madden | Academic Dean Key employee | 40 | $186,479 | $8,339 |
| Joy Turnbaugh | College Chief Operations Officer Highest-paid employee | 40 | $135,145 | $57,430 |
| Scott L Schneberger | Acting Chief Executive (thru June 2022) and Board Chairman Trustee or director, Officer | 40 | $145,702 | $41,310 |
| Donald D Miller | Assist. Secretary, Assist. CFO and Controller Officer | 40 | $160,467 | $8,845 |
| Edward McCarty | Assist. Secretary/Director of Planned Giving Officer | 40 | $131,897 | $34,645 |
| James Huddleston Jr | Director of IT and Network Telecommunications Highest-paid employee | 40 | $133,659 | $18,841 |
| Duncan Martin | Faculty Highest-paid employee | 40 | $137,557 | $10,955 |
| William B Stock | Faculty Highest-paid employee | 40 | $139,086 | $6,393 |
| Peter Dry | Former ASST HEAD OF SCHOOL INNOVATION AND STRATEGY Former | 0 | $100,400 | $0 |
| David Walters | CFO/Acting COO (thru March 2022), Treasurer Trustee or director, Officer | 5 | $13,956 | $0 |
| Bruce Bond | Trustee, Vice Chair (thru June 10, 2023) Trustee or director, Officer | 5 | $0 | $0 |
| D Stephen DeWindt | Vice Chairman Trustee or director, Officer | 5 | $0 | $0 |
| Kristin Jamerson | Trustee/Exec Comm Member at Large Trustee or director, Officer | 5 | $0 | $0 |
| Mindy Savides | Treasurer (thru June 10, 2023), Trustee Trustee or director, Officer | 5 | $0 | $0 |
| Patricia Sarkisian | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Allan Marquardt | Trustee Trustee or director | 5 | $0 | $0 |
| Chestnut Booth | Trustee Trustee or director | 5 | $0 | $0 |
| Ian Forber-Pratt | Trustee Trustee or director | 5 | $0 | $0 |
| Inez Maubane Jones | Trustee Trustee or director | 5 | $0 | $0 |
| Janna L Hernholm | Trustee Trustee or director | 5 | $0 | $0 |
| Jorian Clarke | Trustee Trustee or director | 5 | $0 | $0 |
| Stephen J Shaper | Trustee Trustee or director | 5 | $0 | $0 |
| Todd Boyman | Trustee Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 13201 CLAYTON RD, SAINT LOUIS, MO 63131-1002
- Principal officer (990 for 2024)
- Donald D Miller, 13201 Clayton Road, St Louis, MO 63131
- Signed the 990
- Donald D Miller, Assistant Chief Financial Officer
- Phone
- (314) 434-2100
- Website
- www.principia.edu
- Return prepared by
- CROWE LLP
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.
Program accomplishments
- 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)Expenses $44,923,725 · grants $16,734,657 · revenue $20,788,788
- 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 $16,111,418 · revenue $7,495,500
- 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)Expenses $15,042,600
- OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORTExpenses $8,549,549 · revenue $2,499,941
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 43-0652667
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1951
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $1,286,700,453
- Income (IRS master file)
- $229,437,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $158,233,307 | $113,512,077 | $1,286,700,453 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $111,330,444 | $108,287,496 | $1,206,423,023 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $85,500,016 | $101,062,746 | $1,138,240,701 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $256,921,200 | $92,064,990 | $1,121,774,918 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 43-0652667).
Questions about PRINCIPIA CORPORATION
- What is the EIN of PRINCIPIA CORPORATION?
- The employer identification number (EIN) of PRINCIPIA CORPORATION is 43-0652667.
- Is PRINCIPIA CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to PRINCIPIA CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRINCIPIA CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRINCIPIA CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRINCIPIA CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PRINCIPIA CORPORATION?
- The 990 for the year ended June 30, 2025 names Donald D Miller.
- Who are the officers and directors of PRINCIPIA CORPORATION?
- The 990 for the year ended June 30, 2025 lists 35 people; 20 received compensation from the organization, the highest $306,539 (Barbara Blackwell, Chief Executive).
- How much revenue does PRINCIPIA CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $158,233,307, expenses of $113,512,077 and total assets of $1,286,700,453 at year end.
Other nonprofits in SAINT LOUIS
- ST LOUIS UNIVERSITY EIN 43-0654872 · last filed 990 for 2025
- MARYVILLE UNIVERSITY OF ST LOUIS EIN 43-0653369 · last filed 990 for 2025
- WEBSTER UNIVERSITY EIN 43-0662529 · last filed 990 for 2025
- MARY INSTITUTE AND SAINT LOUIS COUNTRY DAY SCHOOL EIN 43-0653366 · last filed 990 for 2025
- MISSOURI BAPTIST UNIVERSITY EIN 43-0817015 · last filed 990 for 2025
- CONFLUENCE ACADEMY EIN 68-0557741 · last filed 990 for 2025
- JOHN BURROUGHS SCHOOL EIN 43-0652619 · last filed 990 for 2025
- RANKEN TECHNICAL COLLEGE EIN 43-0471057 · last filed 990 for 2025