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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 88-4176973

PRINCIPLE PROJECT INITIATIVE INC

Tax-exempt · TOLEDO, OH 43604

Financials

$85K$69K2024
Revenue Expenses · by fiscal year end
Financials of PRINCIPLE PROJECT INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$85,000$68,500$16,500$22,454$0$22,454
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$85,000

Expenses

Grants and similar amounts paid
$68,500
Compensation of officers, directors and key employees
$0
Program services (functional)
$68,500

Balance sheet and other

Total assets, start of year
$5,954
Total assets, end of year
$22,454
Total liabilities, end of year
$0
Net assets, end of year
$22,454
Cash, savings and investments
$22,454
Gross receipts
$85,000

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CHARLES STOCKINGPRESIDENT1$0
CAROL STOCKINGVICE PRESIDENT1$0

Address and contacts

Address (IRS master file)
420 MADISON AVE STE 1012, TOLEDO, OH 43604-1217
Mailing address (990-N for 2025)
420 MADISON AVE STE 1012, TOLEDO OH 43604
Principal officer (990-N for 2025)
CHARLES STOCKING, 420 MADISON AVE STE 1012, TOLEDO OH 43604
Signed the 990-EZ
CHARLES STOCKING, PRESIDENT
Phone
(419) 408-0074
Return prepared by
REHMANN ROBSON LLC

Mission

THE PRIMARY ACTIVITY OF PRINCIPLE PROJECT INITIATIVE, INC. (PPI) IS TO PROMOTE EDUCATION, SCIENCE, AND RELIGION BY PROVIDING FINANCIAL SUPPORT TO PROGRAMS THAT EXHIBIT CRITICAL THINKING IN ORDER TO ASSIST IN THE DEVELOPMENT OF SUCH CRITICAL THINKING SKILLS WITH THE END OF PROMOTING PEACE AND CONFLICT RESOLUTION. THE ACTIVITY INITIALLY WILL BE CONDUCTED BY SUPPORTING PROGRAMS AT PRINCIPIA COLLEGE LOCATED IN ELSAH, ILLINOIS.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • PPI MADE GRANTS AND DISTRIBUTIONS TO CREATE OR ENHANCE PROGRAMS THAT CENTER AROUND THREE AREAS: BUSINESS AND INNOVATION PROGRAMS, ENVIRONMENT SUSTAINABILITY AND ECOLOGY, AND JOURNALISM. ALL GRANTS AND DONATIONS ARE DRIVEN BY THE OVERARCHING GOAL OF PROMOTING EDUCATION, SCIENCE, AND RELIGION BY ENCOURAGING AND DEVELOPING CRITICAL THINKING SKILLS.
    Expenses $68,500 · grants $68,500

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2026990-N on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-N on file

File the 2026 990-N for PRINCIPLE PROJECT INITIATIVE INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
88-4176973
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B12)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: CHARLES STOCKING
December 31, 2025≤ $50,000 receipts––e-Postcard
990-EZDecember 2024$85,000$68,500$22,454IRS
990-N for 2023
Officer: CHARLES STOCKING
December 31, 2023≤ $50,000 receipts––e-Postcard

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 88-4176973).

Questions about PRINCIPLE PROJECT INITIATIVE INC

What is the EIN of PRINCIPLE PROJECT INITIATIVE INC?
The employer identification number (EIN) of PRINCIPLE PROJECT INITIATIVE INC is 88-4176973.
Is PRINCIPLE PROJECT INITIATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to PRINCIPLE PROJECT INITIATIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRINCIPLE PROJECT INITIATIVE INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of PRINCIPLE PROJECT INITIATIVE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PRINCIPLE PROJECT INITIATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of PRINCIPLE PROJECT INITIATIVE INC?
The 990-N for 2025 names CHARLES STOCKING.
Who are the officers and directors of PRINCIPLE PROJECT INITIATIVE INC?
The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does PRINCIPLE PROJECT INITIATIVE INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $85,000, expenses of $68,500 and total assets of $22,454 at year end.

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