2023-04-14T20:30:15+00:00 2022-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2021-07-01 430652667 The Principia Corporation PRIN 3144342100 13201 Clayton Road St Louis MO 63131 Donald D Miller Controller and Assistant CFO 2023-04-14 true Donald D Miller 999009999 Nicole Bencik P00756195 3128997000 2021 2023-04-26 12:10:37Z Donald Miller 13201 Clayton Road St Louis MO 63131 311118341 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. 15 12 1112 532 4959176 0 12904019 19150970 21010823 24402254 74281214 212142338 742285 1225638 108938341 256921200 12000448 12763873 0 0 46095021 45656896 0 0 4031239 33122182 33644221 91217651 92064990 17720690 164856210 1062983927 1121774918 73793512 66942375 989190415 1054832543 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. Established in 1898, Principia accepts no government funding and is not an activity of the Christian Science church. true false 38744880 12763873 16311665 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 FACTS PRINCIPIA COLLEGE IS LOCATED IN ELSAH, ILLINOIS. THE CURRICULUM OFFERS MEN AND WOMEN COURSES IN 25 REGULAR ACADEMIC MAJORS LEADING TO EITHER A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. 31 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. THE COLLEGE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS AND ENROLLS APPROXIMATELY 300-350 STUDENTS EACH ACADEMIC YEAR. PRINCIPIA SCHOOL FACTS PRE-SCHOOL, LOWER SCHOOL, MIDDLE SCHOOL, UPPER SCHOOL PRINCIPIA SCHOOL IS A COED BOARDING AND DAY SCHOOL FOR CHRISTIAN SCIENTISTS 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. 15489236 8090589 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 OR GIRLS' DORMITORY. STUDENTS MAY PURCHASE A VARIETY OF SCHOOL SUPPLIES, BOOKS, CLOTHING, AND PERSONAL ITEMS AT EITHER THE COLLEGE OR SCHOOL BOOKSTORE. 13080960 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 FIELD, FOOTBALL FIELD, ALL-WEATHER RUNNING TRACK, BASEBALL AND SOFTBALL FIELDS, TENNIS COURTS, ROPES COURSE, AND CROSS COUNTRY COURSE. THE OFFICE OF STUDENT LIFE COORDINATES COLLEGE SOCIAL ACTIVITIES, INTERNATIONAL STUDENT SUPPORT, RESIDENTIAL LIVING, AND STUDENT GOVERNMENT. 4421628 1292991 OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT 4421628 1292991 71736704 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 true false false true X 1052 0 true 1112 true true true true IN MY MX NL PL SN SP TH TU AE UK BR CA EZ false false false false false false false false false false X 15 12 true false false false false false true true true false false true true true true true true true true false X Donald D Miller 3145143103 13201 Clayton Road St Louis MO 63131 Bruce Bond Vice Chair 5.0 X X 0 0 0 D Stephen DeWindt Secretary 5.0 X X 0 0 0 David Walters CFO (to 3/31/22); Acting COO (from 11/2021-3/2022): Trustee (from 6/22) 40.0 X X 187723 0 5563 Mindy Savides Treasurer 5.0 X X 0 0 0 Patricia Sarkisian Trustee/Exec Comm Member at Large 5.0 X X 0 0 0 Scott L Schneberger Board Chair; Acting CE (beginning 9/1/21) 35.0 X X 91154 0 25784 Tom Nickell Trustee (thru 2/19/22); CFO/COO (beginning 3/21/22) 15.0 X X 0 0 0 Allan Marquardt Trustee 5.0 X 0 0 0 Charles Lindahl Trustee (thru 6/4/22) 5.0 X 0 0 0 Chestnut Booth Trustee 5.0 X 0 0 0 Ian Forber-Pratt Trustee (from 6/2/22) 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 Kristin Jamerson Trustee 5.0 X 0 0 0 Robert J Macdonald Trustee (thru 6/4/22) 5.0 X 0 0 0 Stephen J Shaper Trustee 5.0 X 0 0 0 Todd Boyman Trustee (from 6/2/22) 5.0 X 0 0 0 Barbara Blackwell Assist. Sec./Chief Advancement Officer/Act. Chief Planning Officer 40.0 X 180255 0 20711 Dennis Marunde Interim Chief Executive (through Sept 2021) 40.0 X 205483 0 8832 Donald D Miller Assist. Secretary, Assist. CFO and Controller 40.0 X 145650 0 16308 Edward McCarty Assist. Secretary/Director of Planned Giving 40.0 X 124840 0 33072 Howard E Berner Jr Chief Investment Officer 40.0 X 285258 0 17518 Lee Barron Assistant Secretary/General Counsel 40.0 X 234083 0 19598 John Williams College President 40.0 X 204531 0 16484 Tamara Gavaletz Interim Head of School (begin May 2021) and Director of School Bus Ops 40.0 X 199889 0 30232 Duncan Charters Faculty-Languages and Cultures 40.0 X 178523 0 2984 James Hegerty Faculty-Music 40.0 X 145366 0 9627 Karl Hellman Faculty-Economics 40.0 X 169224 0 11802 Maya Dietz Dean of Student Life 40.0 X 142548 0 42706 Meggan Madden Academic Dean 40.0 X 179669 0 6058 Charles T Brantingham Head of School (thru June 2021) 0.0 X 302947 0 57606 Peter Dry Asst Head of School Innovation and Strategy (thru June 2021) 0.0 X 185644 0 22569 3162787 0 347454 46 true true false Helmkamp Construction Co 707 Berkshire Blvd East Alton IL 620241326 Construction Materials and Services 20494149 Perfect Play Field and Links POBox 24006 Belleville IL 62226 Construction Materials and Services 2314849 Midwest Synthetic Turf Professionals 38505 E JW Cummings Rd Oak Grove MO 640758595 Construction Materials and Services 661785 Conference Technologies 11653 Adie Rd Maryland Heights MO 630433509 Equipment and Services 592765 McClure Engineering 1000 Clark Avenue St Louis MO 631021160 Engineering Services 517545 30 0 0 0 0 0 19150970 1201065 19150970 Tuition and fees 611310 16311665 16311665 Auxiliary enterprises 611310 6555054 6555054 Fees for non-academic credit offerings 611310 1535535 1535535 0 0 0 0 24402254 140766218 4959176 135807042 1392702 1460055 -67353 0 -67353 -67353 124108436 4770 52737086 0 71371350 4770 71376120 71376120 Credit card purchase rebates 900099 67535 67535 COBRA prmiums and emplyee insurance contrib 900099 333202 333202 Child care charged to employees 900099 238017 238017 654237 654237 0 0 1292991 256921200 25695245 4959176 207115809 13000 13000 12750873 12750873 0 0 2043640 1655687 387953 421221 252034 31752 137435 32580166 26294437 4156968 2128761 1121966 894450 148059 79457 7001530 5431863 1136159 433508 2488373 1902569 394384 191420 59156 58890 266 236617 236617 3585745 3585745 4159733 2803525 1288490 67718 442675 75971 268745 97959 487998 124599 271541 91858 2278220 418812 1823563 35845 1772154 1695707 70710 5737 3973663 3722901 87405 163357 225227 159572 48327 17328 946392 720966 174768 50658 8586334 8266267 294082 25985 1398627 1342344 51714 4569 SUPPLIES and EQUIPMENT 2325336 2180471 101133 43732 FOOD 1894283 1842531 39568 12184 BOOKSTORE 133924 133772 152 BAD DEBT 163338 32153 131185 974799 677887 241403 55509 92064990 71736704 16297047 4031239 10132562 7830610 1914234 7614400 111653 293496 0 0 0 0 8034251 7299953 185526 239150 1730332 1613668 327111803 154875531 157792191 172236272 225306283 300574282 579903852 583803882 0 77873043 40269205 1062983927 1121774918 10306341 7661338 14315906 13612336 0 0 18666667 17333334 30504598 28335367 73793512 66942375 X 366770510 320013868 622419905 734818675 989190415 1054832543 1062983927 1121774918 X 164856210 -95780595 -3433487 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 717144022 1513400 137298673 12287694 35298304 808370097 551848925 111916 214863786 13988515 35692090 717144022 582978570 77053 15982633 12446593 34742738 551848925 600831567 1082536 27646983 12720956 33861560 582978570 578531353 3060915 65820930 18607343 27974288 600831567 0.1885 0.5734 0.2381 false false 740991 740991 236485165 111963542 124521623 68761750 42911989 25849761 21123897 21123897 172236272 GENERAL and LIMITED PARTNERSHIPS REAL ESTATE 80000 F PRIVATE CAPITAL FUNDS 271486938 F OIL and GAS RIGHTS 1633925 F Absolute Return FUNDS 138035495 F REAL ASSET FUNDS 66473267 F BOND AND STOCK FUNDS 106094257 F 583803882 INTEREST RATE SWAP LIABILITY 1219647 DEPOSITS AND OTHER 5010540 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 16073040 CONDITIONAL ASSET RETIREMENT OBLIGATION 6032140 28335367 X 145342040 -95780595 1225947 -94554648 239896688 4260618 12763894 17024512 256921200 76266425 1225947 1225947 75040478 4260618 12763894 17024512 92064990 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, 2022, 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 - 1460055 Reclassification of charge to revenue as an expense - -234108 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 - 12763894 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 - 1460055 Reclassification of charge to revenue as an expense - -234108 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Grants to students (reclassified from offset to revenues) - 12763894 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 692272 Central America and the Caribbean 0 0 Investments 128502669 Europe (Including Iceland and Greenland) 0 0 Investments 40669118 North America (Canada Mexico only) 0 0 Investments 2206947 Sub-Saharan Africa 0 0 Program Services STUDENT AND FACULTY STUDY 113758 South America 0 0 Program Services STUDENT AND FACULTY STUDY 469592 East Asia and the Pacific 0 0 Program Services STUDENT AND FACULTY STUDY 739075 Middle East and North Africa 0 0 Program Services STUDENT AND FACULTY STUDY 118566 Central America and the Caribbean 0 0 Program Services STUDENT AND FACULTY STUDY 127260 0 0 0 0 0 0 173639257 0 173639257 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) 13000 Cedars Camps provides assistance to Principia by providing food, housing, and activities for international students during summer break. 1 0 GRANTS and SCHOLARSHIPS 601 12750873 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 X true true X true false false false false false false false false David Walters CFO (to 3/31/22); Acting COO (from 11/2021-3/2022): Trustee (from 6/22) 181649 0 0 0 6074 0 5133 0 430 0 193286 0 0 0 Howard E Berner Jr Chief Investment Officer 283015 0 0 0 2243 0 7160 0 10358 0 302776 0 0 0 Lee Barron Assistant Secretary/General Counsel 229475 0 0 0 4608 0 6089 0 13509 0 253681 0 0 0 Edward McCarty Assist. Secretary/Director of Planned Giving 127873 0 0 0 -3033 0 4057 0 29015 0 157912 0 0 0 Donald D Miller Assist. Secretary, Assist. CFO and Controller 147216 0 0 0 -1566 0 4444 0 11864 0 161958 0 0 0 Barbara Blackwell Assist. Sec./Chief Advancement Officer/Act. Chief Planning Officer 185125 0 0 0 -4870 0 5202 0 15509 0 200966 0 0 0 Dennis Marunde Interim Chief Executive (through Sept 2021) 182772 0 0 0 22711 0 5416 0 3416 0 214315 0 0 0 John Williams College President 204052 0 0 0 479 0 5581 0 10903 0 221015 0 0 0 Tamara Gavaletz Interim Head of School (begin May 2021) and Director of School Bus Ops 156886 0 0 0 43003 0 3638 0 26594 0 230121 0 0 0 Meggan Madden Academic Dean 179171 0 0 0 498 0 5083 0 975 0 185727 0 0 0 Maya Dietz Dean of Student Life 143084 0 0 0 -536 0 4362 0 38344 0 185254 0 0 0 Duncan Charters Faculty-Languages and Cultures 22756 0 0 0 155767 0 1138 0 1846 0 181507 0 0 0 Karl Hellman Faculty-Economics 71003 0 0 0 98221 0 2920 0 8882 0 181026 0 0 0 James Hegerty Faculty-Music 57612 0 0 0 87754 0 2652 0 6975 0 154993 0 0 0 Charles T Brantingham Head of School (thru June 2021) 114240 0 0 0 188707 0 3961 0 53645 0 360553 0 0 0 Peter Dry Asst Head of School Innovation and Strategy (thru June 2021) 90000 0 0 0 95644 0 3370 0 19199 0 208213 0 0 0 Schedule J, Part I, Line 1a Travel for companions OCCASIONALLY, THE CHIEF EXECUTIVE, COLLEGE PRESIDENT OR HEAD OF SCHOOL MAY INCLUDE A SPOUSE OR FAMILY MEMBER ON BUSINESS TRAVEL WHEN THE PRESENCE OF THAT INDIVIDUAL IS DEEMED TO BENEFIT PRINCIPIA. THE INDIVIDUAL MAY ASSIST THE EMPLOYEE WITH BUSINESS RELATED ACTIVITIES AND INTERACT WITH POTENTIAL DONORS. THE VALUE OF THIS TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE RESIDENCES PROVIDED TO THE COLLEGE PRESIDENT 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 2022. THE HEAD OF SCHOOL LIVED ON CAMPUS IN ORDER TO FULFILL HIS DUTIES. THE ESTIMATED VALUES OF THESE BENEFITS IS INCLUDED IN COLUMN D OF PART II AND WAS NOT TREATED AS TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. 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, included three individuals who are reported in Schedule J, Part II. Amounts applicable to these individuals are included in column B(iii) on Schedule J as "Other reportable compensation, and are as follows: Duncan Charters - $154,038; James Hegerty- $87,490; and Karl Hellman - $92,005. Two individuals employed by Principia entered into separation agreements and received cash payments. Such amounts are included in column B(iii) "Other reportable compensation, and are as follows: Charles T. Brantingham - $175,000 in calendar 2021 and $100,000 in calendar 2022; Peter Dry - $90,000 in calendar 2021 and $90,000 in calendar 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 3193832 0 10000000 0 0 0 50896 0 0 9949104 0 0 2008 false false true true B 3193832 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 120000 Merit scholarships See Part V 40070 Need-based grants See Part V 90620 Staff discount Hannah Brantingham spouse of Charles T Brantingham (former Head of School) 71706 COMPENSATION AND BENEFITS false Samuel M Barron son of Lee Barron (General Counsel) 88831 COMPENSATION AND BENEFITS false Laurel Walters spouse of David Walters (CFO) 137436 Compensation and benefits false Brian Gavaletz Spouse of Tami Gavaletz (Director of School Business Operations) 91498 Compensation and benefits false Cynthia S Miller Spouse of Donald Miller (Controller and Assistant CFO) 31752 Compensation and benefits false Nargis Forber-Pratt Spouse of Ian Forber-Pratt (Trustee) 12003 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 24 957065 Market value X 1 204000 Market value X Steinway piano 1 40000 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Other - Steinway piano number of contributions Real estate - Residential - number of contributions Form 990, Part III, Line 2 New program services Principia reinstated college abroad programs and lifetime learning travel programs after travel restrictions due to the pandemic were eased. Form 990, Part III, Line 4d Description of other program services (Expenses $ 4,421,628 including grants of $)(Revenue $ 1,292,991) 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 2 Family/business relationships amongst interested persons Steve Dewindt, Trustee and Robert J MacDonald, Trustee - Business relationship 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 15b Process to establish compensation of other employees PRINCIPIA USES A BENCHMARK SYSTEM WHERE ANNUALLY SALARIES ARE SET AFTER REVIEWING WAGE DATA FOR COMPARABLE INSTITUTIONS. THIS BENCHMARK REVIEW PROCESS IS COMPLETED BY HUMAN RESOURCES. WITH RESPECT TO OFFICERS AND KEY EMPLOYEES, ANY PROPOSED ANNUAL SALARY CHANGES ARE MADE BY HUMAN RESOURCES AND REVIEWED/APPROVED BY THE CHIEF EXECUTIVE AND THE BOARD IF APPROPRIATE. 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 All other revenue - Total Revenue: 654237, Related or Exempt Function Revenue: 654237, 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 - -2128048; Change in value of perpetual trusts held by third party trustees - -1484418; Change in value of split interest agreements - -1199175; Change in value of interest rate swap - 1378154; 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 COREST CV REAL ESTATE NL NA Related false false CORDSTRAP BV BOSMANSKAMP 25 GERLDERMALSEN GELDERMALSEN, MS NL NL4191 R and D and MFG NL NA C Corporation CORDSTRAP GMBH TACKWEG 41 TONISVORST TONISVORST GM D47918 MKTGSALESDI GM NA C Corporation CORDSTRAP (MIDDLE EAST) LIMITED SAVVIDES MONARCH CENTER 59-61 ACROPOLEOS AVE NICOSIA ACROP NICOSIA CY 5961 MKTGSALESDI CY NA C Corporation CORDSTRAP MALAYSIA SDN BHD NO 28 JALAN KASUARINA 12 BDR ABG BANDAR AMBANG BOTANIC KLANG SELANGOR MY 41200MY MKTGSALESDI MY NA C Corporation CORDSTRAP MEXICO SA DE CV COL VALLE DEL CAMPESTRE GARZA GARCIA N.L. 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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.