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Nonprofit · EIN 82-3634170

PRINCIPLES FIRST INC

Tax-exempt · KATY, TX 77493

Financials

$544K$437K2023$458K$502K2024
Revenue Expenses · by fiscal year end
Financials of PRINCIPLES FIRST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$458,215$501,848-$43,633$216,786$154,170$62,616
December 31, 2023990$543,504$436,691$106,813$174,921$68,672$106,249
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$458,215
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$63,876
Salaries, compensation and benefits (total)
$63,876
Professional fundraising fees
$0
Accounting fees
$4,734
Occupancy
$31,362
Travel
$20,096
Depreciation
$16,834
Program services (functional)
$501,848

Balance sheet and other

Total assets, start of year
$174,921
Total assets, end of year
$216,786
Total liabilities, end of year
$154,170
Net assets, end of year
$62,616
Land, buildings and equipment
$173,324
Gross receipts
$458,215
Employees
0
Volunteers
0
Year formed
2017
State of legal domicile
TX

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KENDRICK DAVISEXECUTIVE DIRECTOR/PRESIDE
Trustee or director, Officer
40$63,876
RUSSELL LEWISVICE-PRESIDENT
Trustee or director, Officer
5$0
NIESHA DAVISSECREATARY
Trustee or director, Officer
5$0
KENDRA DAVISTREASURER
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KENDRICK DAVISEXECUTIVE DIRECTOR/PRESIDE
Trustee or director, Officer
40$23,300
RUSSELL LEWISVICE-PRESIDENT
Trustee or director, Officer
5$0
NIESHA DAVISSECREATARY
Trustee or director, Officer
5$0
KENDRA DAVISTREASURER
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
3310 SCHLIPF RD, KATY, TX 77493-4503
Principal officer (990 for 2024)
KENDRICK DAVIS, 24949 KATY RANCH ROAD UNIT 1805, KATY, TX 77494
Signed the 990
KENDRICK DAVIS, PRESIDENT
Phone
(713) 302-3376
Return prepared by
Fred Allen Jr CPA

Mission

To become a premier organization for developing elite-level basketball in the Houston area.

990 for the year ended December 31, 2024

Program accomplishments

  • Principles First is devoted to developing character,teamwork, and sportsmanship in an enjoyable basketball environment while providing players the opportunity to acquire a superior knowledge of the game.
    Expenses $501,848 · revenue $458,215

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-3634170
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$216,786
Income (IRS master file)
$458,215

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$543,504$436,691$174,921IRS
990December 2022$225,292$214,364$17,660IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about PRINCIPLES FIRST INC

What is the EIN of PRINCIPLES FIRST INC?
The employer identification number (EIN) of PRINCIPLES FIRST INC is 82-3634170.
Is PRINCIPLES FIRST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to PRINCIPLES FIRST INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRINCIPLES FIRST INC 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 PRINCIPLES FIRST 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 PRINCIPLES FIRST INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PRINCIPLES FIRST INC?
The 990 for the year ended December 31, 2024 names KENDRICK DAVIS.
Who are the officers and directors of PRINCIPLES FIRST INC?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $63,876 (KENDRICK DAVIS, EXECUTIVE DIRECTOR/PRESIDE).
How much revenue does PRINCIPLES FIRST INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $458,215, expenses of $501,848 and total assets of $216,786 at year end.

Other nonprofits in KATY

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