2015-04-30T15:00:08-05:00 2014-06-30 CROWE HORWATH LLP 225 WEST WACKER DRIVE SUITE 2600 CHICAGO IL 606061224 990 2013-07-01 430652667 PRINCIPIA CORPORATION PRIN 3144342100 13201 Clayton Road St Louis MO 63131 D DOUGLAS GIBBS VP OF FINANCE AND OPERATIONS 2015-04-30 true NICOLE BENCIK P00756195 3128997000 2013 2016-03-07 17:11:31Z JONATHAN PALMER 13201 Clayton Road St Louis MO 63131 377748269 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. 12 12 1450 563 -1363389 -1363389 15716493 16816998 26041344 26006971 27073103 33689904 2137869 1358591 70968809 77872464 14735762 14875911 0 0 38751568 37310521 0 0 4164515 22906161 25413103 76393491 77599535 -5424682 272929 746094458 816847704 46673536 46993939 699420922 769853765 PRINCIPIA'S PRIMARY PURPOSE IS TO SERVE THE CAUSE OF CHRISTIAN SCIENCE AS AN INDEPENDENT EDUCATIONAL INSTITUTION, PROVIDING PRE-K THROUGH 12TH GRADE EDUCATION ON ITS CAMPUS IN WEST 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. false false 32856992 14875911 9354686 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 OVER 600 COURSES IN 26 REGULAR ACADEMIC MAJORS LEADING TO EITHER A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. PRINCIPIA COLLEGE IS THE ONLY COLLEGE IN THE WORLD WHERE ALL FACULTY AND STUDENTS ARE CHRISTIAN SCIENTISTS AND NATIONAL PUBLICATIONS RECOGNIZE IT 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 500 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. 420 STUDENTS IN PRE-SCHOOL THROUGH 12TH GRADE. 97 PERCENT OF GRADUATING SENIORS GO ON TO COLLEGE. THE UPPER SCHOOL OFFERS 21 HONORS/AP CLASSES. 88% OF STUDENTS WHO TOOK THE AP EXAMS IN THE 2013-14 SCHOOL YEAR SCORED 3 OR ABOVE ON A SCALE OF 1 TO 5. 30 STATES AND 12 COUNTRIES ARE REPRESENTED AMONG THE STUDENTS. 51% OF UPPER SCHOOL FACULTY HOLD ADVANCED DEGREES. 12756591 8759111 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. APPROXIMATELY 50% OF UPPER SCHOOL 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. 10877459 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. ATHLETIC 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, FILED HOUSE, INDOOR TENNIS CENTER, 4 OUTDOOR FIELDS, OUTDOOR TENNIS COURTS, AND RUNNING TRAILS. UPPER SCHOOL STUDENTS MAY COMPETE IN THE ST. LOUIS METRO LEAGUE IN ONE OR MORE SPORTS OF THE 16 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. 4468733 OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT 1691479 LIBRARIES: LIBRARIES ON COLLEGE AND SCHOOL CAMPUS TO SUPPORT INSTRUCTIONAL ACTIVITIES 6160212 62651254 true true false false false false false false true true true false false true true false true true false true false false false false false false false true true true false false false false false false true false true false true true false false true true true true false true true 1680 0 true 1450 true true true true BR CA CH EZ FR GM IN EI IT LG MY MX NL PL SF SP AE UK false false false true true false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false X D Douglas Gibbs 3145143104 13201 Clayton Road St Louis MO 63131 CATHERINE A RAFFLES CHAIR 5.00 X X 0 0 0 JANNA LOWE HERNHOLM SECRETARY 5.00 X X 0 0 0 MERIDEE K OLSEN VICE CHAIR 5.00 X X 0 0 0 ROBERT B SCHWENTKER TREASURER 5.00 X X 0 0 0 STEVEN K SYDNESS CHAIRMAN (THRU 4/16/14) 5.00 X X 0 0 0 CAROL D WORLEY TRUSTEE (THRU 5/17/14) 5.00 X 0 0 0 CHARLES LINDAHL TRUSTEE 5.00 X 0 0 0 DAVID J ANABLE TRUSTEE 5.00 X 0 0 0 HANS FREDRIKSON TRUSTEE 5.00 X 0 0 0 JAMES SUBER TRUSTEE (THRU 5/17/14) 5.00 X 0 0 0 JAYME WALKER HOLCOMB TRUSTEE 5.00 X 0 0 0 JOHN D FRIBORG TRUSTEE 5.00 X 0 0 0 JULIE SANDERUDE TRUSTEE 5.00 X 0 0 0 ROBERT J MACDONALD TRUSTEE 5.00 X 0 0 0 WILLIAM FLATLEY TRUSTEE 5.00 X 0 0 0 D DOUGLAS GIBBS CHIEF FINANCIAL OFFICER 40.00 X 143939 0 13811 EDWARD MCCARTY ASSISTANT SECRETARY 40.00 X 101821 0 35673 HOWARD E BERNER JR CHIEF INVESTMENT OFFICER 40.00 X 227736 0 22661 JONATHAN W PALMER CHIEF EXECUTIVE & COLLEGE PRES 40.00 X 274705 0 76626 KAREN B DEARBORN ASSISTANT SECRETARY 40.00 X 110853 0 6368 LAWRENCE EDWIN HARRISON JR ASSISTANT SECRETARY 40.00 X 102663 0 10999 MARILYN J WALLACE HEAD OF SCHOOL 40.00 X 184097 0 69092 PETER ALAN STEVENS ASSISTANT SECRETARY 40.00 X 166198 0 17896 BRIAN MCCAULEY DIRECTOR OF ADMISSIONS 40.00 X 100444 0 12955 DONNA GIBBS DIRECTOR OF ALUMNI & FIELD RELATIONS 40.00 X 103889 0 12381 JOSEPH M RITTER ASSOCIATE DEAN OF ACADEMICS 40.00 X 120474 0 41865 RICHARD BOOTH DIRECTOR CIS 40.00 X 104208 0 12777 SCOTT SCHNEBERGER DEAN OF ACADEMICS 40.00 X 148800 0 15287 1889827 0 348391 13 false true false HELMKAMP CONSTRUCTION CO 1 HELMKAMP DRIVE PO BOX 319 WOOD RIVER IL 62095 SERVICES & GOODS 3949894 SYSCO ST LOUIS LLC 3850 MUELLER RD ST CHARLES MO 63301 SERVICES & GOODS 990112 WORLD WIDE TECHNOLOGY INC PO BOX 957653 ST LOUIS MO 63195 SERVICES & GOODS 865608 KANE MECHANICAL INC 170 EAST ALTON AVENUE EAST ALTON IL 62024 SERVICES & GOODS 803855 SAGE DINING SERVICES INC 1402 YORK RD STE 100 LUTHERVILLE MD 21093 SERVICES & GOODS 529942 29 7597097 9219901 847554 16816998 TUITION AND FEES 900099 18113797 18113797 AUXILIARY ENTERPRISES 900099 7893174 7893174 0 0 0 0 0 0 0 26006971 8713887 -1363389 10077276 0 0 865937 639228 226709 0 226709 226709 324202594 10000 299236577 0 24966017 10000 24976017 24976017 11452 0 0 11452 11452 0 0 OTHER 900099 1120430 1120430 0 0 0 0 0 0 1120430 77872464 18113797 -1363389 44305058 0 14875911 14875911 0 0 1487563 202915 1030189 254459 419024 320641 50606 47777 27543514 21528629 3846154 2168731 1627871 1295080 205010 127781 4101242 3097953 686965 316324 2131307 1594538 351484 185285 1804367 1291923 382761 129683 109155 83027 26128 204633 204633 0 0 0 2234918 2080964 140626 13328 594595 359541 89511 145543 605006 99765 375352 129889 1213446 303662 880188 29596 0 1547340 1481221 61124 4995 2935263 2556044 160994 218225 0 422425 292270 100369 29786 670662 670662 0 7302037 7051146 230522 20369 759495 5967 753528 FOOD 1161319 1116104 33814 11401 SUPPLIES & EQUIPMENT 2330887 2151014 140051 39822 BOOKSTORE 189032 189032 BAD DEBT 468896 80743 148056 240097 859627 676191 158140 25296 77599535 62651254 10783766 4164515 0 4991197 4295045 0 0 4703063 3579738 778839 202929 72 0 0 0 10153181 10571620 266149 252364 0 246161019 134491806 111630883 111669213 346417019 391162205 232806297 256465157 0 0 34347758 38649433 746094458 816847704 4498992 4643278 0 2105161 1832712 18825088 18355495 0 0 0 0 0 0 0 0 21244295 22162454 46673536 46993939 X 379434200 401768259 126573106 164622196 193413616 203463310 699420922 769853765 746094458 816847704 X 272929 64595453 5564461 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 507871510 10957847 86228777 15106139 26284608 563667387 458255048 29035261 62232437 15267620 26383616 507871510 497759124 8057140 -3878275 14563211 29119730 0 458255048 444035879 9376943 81702818 10438021 26918495 0 497759124 415540223 5434877 58419423 9289755 26066884 2005 444035879 0.44400 0.33900 0.21700 false false 740991 740991 169734156 80813516 88920640 0 73050150 53636042 19414108 2635722 42248 2593474 111669213 0 0 GENERAL PARTNERSHIPS 651954 F REAL ESTATE 237737 F DISTRESSED DEBT 16287549 F PRIVATE EQUITIES 121158645 F OIL & GAS RIGHTS 988689 F HEDGE FUNDS 117140583 F 256465157 0 FUNDS HELD IN CUSTODY FOR OTHERS 867910 OTHER 3464575 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 12106723 ASSET RETIREMENT OBLIGATIONS 5723246 22162454 X 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 TWO-THIRDS OF THE FUNDING FOR ITS ANNUAL EXPENDITURES. PRINCIPIA INCURS SUBSTANTIAL FIXED COSTS FROM OPERATING TWO SEPARATE EDUCATIONAL INSTITUTIONS (4-YEAR LIBERAL ARTS COLLEGE AND PRE-K THROUGH 12TH GRADE SCHOOL). CONSEQUENTLY, PRINCIPIA IS MORE HIGHLY DEPENDENT UPON ITS ENDOWMENT TO PROVIDE FUNDS FOR ANNUAL SPENDING THAN SCHOOLS WITH SIMILAR SIZE ENROLLMENT. THE 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 TAX POSITIONS TAKEN RELATED TO THE CORPORATION'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES, AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE CORPORATION WOULD MORE LIKELY THAN NOT BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. ACCORDINGLY, THE CORPORATION HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN ITS CONSOLIDATED FINANCIAL STATEMENTS. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT AND FACULTY STUDY 216873 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT AND FACULTY STUDY 297983 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDENT AND FACULTY STUDY 306708 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 117713472 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 14550632 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 INVESTMENTS 15375 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDENT AND FACULTY STUDY 71789 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT AND FACULTY STUDY 22901 0 0 133195733 true false true true true false Schedule F, Part I, Line 3, Method 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 RUSSIA AND NEIGHBORING STATES: ACCRUAL Schedule F, Part I, Line 3, Method 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 RUSSIA AND NEIGHBORING STATES: ACCRUAL true GRANTS & SCHOLARSHIPS 771 14875911 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 X X X X X false false false false false false false false false SCOTT SCHNEBERGER DEAN OF ACADEMICS 145036 0 0 0 3764 0 10932 0 4355 0 164087 0 0 0 HOWARD E BERNER JR CHIEF INVESTMENT OFFICER 224669 0 0 0 3067 0 16986 0 5675 0 250397 0 0 0 JOSEPH M RITTER ASSOCIATE DEAN OF ACADEMICS 119910 0 0 0 564 0 8694 0 33171 0 162339 0 0 0 D DOUGLAS GIBBS CHIEF FINANCIAL OFFICER 142620 0 0 0 1319 0 10890 0 2921 0 157750 0 0 0 PETER ALAN STEVENS ASSISTANT SECRETARY 164705 0 0 0 1493 0 12396 0 5500 0 184094 0 0 0 JONATHAN W PALMER CHIEF EXECUTIVE & COLLEGE PRES 269007 0 0 0 5698 0 18760 0 57866 0 351331 0 0 0 MARILYN J WALLACE HEAD OF SCHOOL 181600 0 0 0 2497 0 13716 0 55376 0 253189 0 0 0 Schedule J, Part I, Line 1a, Travel for companions OCCASIONALLY A SPOUSE MAY TRAVEL WITH THE CHIEF ADVANCEMENT OFFICER, COLLEGE PRESIDENT, OR HEAD OF SCHOOL WHEN THE SPOUSE'S PRESENCE BENEFITS PRINCIPIA. THE SPOUSE ASSISTS THE EMPLOYEE WITH BUSINESS RELATED ACTIVITIES AND INTERACTS WITH POTENTIAL DONORS. THE VALUE OF THIS TRAVEL IS NOT INCLUDED IN THE EMPLOYEE'S TAXABLE COMPENSATION BECAUSE THE TRAVEL OCCURS FOR PRINCIPIA'S BENEFIT. Schedule J, Part I, Line 1a, Housing allowance or residence for personal use THE RESIDENCES PROVIDED TO THE COLLEGE PRESIDENT AND THE HEAD OF SCHOOL ARE REGULARLY USED TO HOST STUDENT ACTIVITIES AND MEETINGS. THE COLLEGE PRESIDENT AND HEAD OF SCHOOL ARE REQUIRED TO LIVE IN THESE RESIDENCES IN ORDER TO FULFILL THEIR DUTIES. THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. 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 REGULARLY USED TO HOST STUDENT ACTIVITIES AND MEETINGS, AS WELL AS EMPLOYEE AND DONOR EVENTS. 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 822252 0 10000000 0 0 0 50896 0 0 9949104 0 0 2008 false false true true B 822253 0 10000000 0 0 0 98217 0 0 9901783 0 0 2007 false false true true A false false false false 0.00000 0.00000 0.00000 false false true B false false false false 0.00000 0.00000 0.00000 false false true A false false false true true true BANK OF AMERICA 30.0 true false false 0.0 false true B false false false true true true BANK OF AMERICA 30.0 true false false false true A true B true Sch K, Part IV, Line 2c, ISSUER NAME: VILLAGE OF ELSAH, JERSEY COUNTY, ILLINOIS: No Rebate Due. THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON OCTOBER 13, 2008. Sch K, Part IV, Line 2c, ISSUER NAME: VILLAGE OF ELSAH, JERSEY COUNTY, ILLINOIS: No Rebate Due. THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON OCTOBER 13, 2008. SEE PART V DOROTHY HALVERSON SISTER OF OFFICER 104107 COMPENSATION & BENEFITS false MARGARET HARLOW SISTER OF OFFICER 41392 COMPENSATION & BENEFITS false JANE HARRISON WIFE OF OFFICER 71897 COMPENSATION & BENEFITS false REBECCA STEVENS WIFE OF OFFICER 45635 COMPENSATION & BENEFITS false DAVID C WALLACE SON OF OFFICER 46021 COMPENSATION & BENEFITS false KATHERINE SHERIDAN DAUGHTER OF OFFICER 45391 COMPENSATION & BENEFITS false KRISTYN GIBBS DAUGHTER OF OFFICER 46971 COMPENSATION AND BENEFITS false SCHEDULE L, PART III, GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS FINANCIAL AID AND SCHOLARSHIPS ARE AVAILABLE FOR ALL ENROLLED STUDENTS WHO QUALIFY, INCLUDING STUDENTS OF OFFICERS, KEY EMPLOYEES, AND TRUSTEES. X 27 847554 MEAN OF HIGH/LOW 0 false true false Schedule M, Part I, Explanations of reporting method for number of contributions SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS Schedule M, Part I, Line 33, Explanation of revenues not reported OCCASIONALLY, PRINCIPIA RECEIVES DONATIONS OF ART, HISTORICAL TREASURES, AND SIMILAR ITEMS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. IN ACCORDANCE WITH OUR ACCOUNTING POLICY, SUCH DONATIONS ARE NOT RECORDED AS REVENUE AND ARE NOT CAPITALIZED. Schedule M, part I, column (b), Line 9, Number of contributions or items contributed. NUMBER OF CONTRIBUTIONS Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body AFTER PRINCIPIA'S CONTROLLER PREPARES THE 990 RETURN, IT IS REVIEWED BY PRINCIPIA'S CFO AND THE FIRM OF CROWE HORWATH. 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, Sec B, Line 12c, Conflict of interest policy CONFLICT OF INTEREST STATEMENTS ARE ANNUALLY SUBMITTED TO THE OFFICE OF THE PRESIDENT BY TRUSTEES OFFICERS, AND KEY EMPLOYEES. THESE STATEMENTS ARE REVIEWED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT AND PROVIDED TO THE CONTROLLER FOR ADDITIONAL REVIEW. IF SITUATIONS ARE IDENTIFIED THAT COULD RESULT IN A CONFLICT OF INTEREST, THE CONTROLLER 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, Sec B, Line 15a, Process to establish compensation of top management official PRINCIPIA USES A BENCHMARK SYSTEM WHEREBY SALARIES ARE ANNUALLY ESTABLISHED AFTER REVIEWING WAGE DATA FOR COMPARABLE INSTITUTIONS. THIS BENCHMARK REVIEW PROCESS IS COMPLETED BY HUMAN RESOURCES. PRINCIPIA'S CHIEF EXECUTIVE RECEIVES THE SAME PERCENTAGE OR DOLLAR INCREASE THAT IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES FOR ALL PRINCIPIA EMPLOYEES. PRIOR TO GRANTING ADDITIONAL COMPENSATION TO THE CHIEF EXECUTIVE, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABLE BENCHMARK DATA PROVIDED BY HUMAN RESOURCES OR OUTSIDE CONSULTANTS AND DOCUMENTS ANY RECOMMENDATION CONCERNING ADDITIONAL COMPENSATION IN THEIR MEETING MINUTES. Form 990, Part VI, Sec B, 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, Sec C, 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 XI, Line 9, Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 5564461; PRINCIPIA HOLDINGS LLC 13201 CLAYTON ROAD ST LOUIS MO 63131 INVESTING MO 26533 682974 PRINCIPIA CORPORATION PRINCIPIA COLLEGE COMMUNICATIONS 13201 CLAYTON ROAD ST LOUIS MO 63131 431538094 SUPPORTING ORGANIZATION MO 501(C)(3) 11 N/A false STICHTING FRED M VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION SUPPORTING ORGANIZATION NL N/A PRINCIPIA CORPORATION true COREST CV NOBELSTRAAT 1 NL-5807 NL NL-5807 REAL ESTATE NL N/A false false CORDSTRAP BV NOBELSTRAAT 1 OOSTRUM, GA NL NL-5807 R&D & MKTG NL NA CORDSTRAP WEAVING BV BOSMANSKAMP 25 GELDERMALSEN, MS NL NL-4191 R&D & MFG NL NA CORDSTRAP GMBH TACKWEG 41 TONISVORST GM D-47918 MKTG&SALES&DI GM NA CORDSTRAP (MIDDLE EAST) LIMITED SAVVIDES MONARCH CENTER ACROP NICOSIA CY 59-61 MKTG&SALES&DI CY NA CORDSTRAP MALAYSIA SDN BHD NO 28 JALAN KASUARINA 12 BDR ABG KLANG SELANGOR MY 41200 MY MKTG&SALES&DI MY NA CORDSTRAP MEXICO SA DE CV COL VALLE DEL CAMPESTRE GARZA GARCIA N.L. MX 66200 MKTG&SALES&DI MX NA CORDSTRAP LOAD SECURING SYSTEMS (WUXI) C LAND C24 PHASE 5 A-PARK WUXI CH MFG&MKTG&SALE CH NA CORDSTRAP HONG KONG LTD STE F 8FTW 2 CENTERSTA CNTRL HONG KONG CH HOLDING COMPANY CH NA CORDSTRAP CANADA CORPORATION 30020689 FRAISER HY V3A 4G4 LANGLEY BRITISH COLUMBIA CA MKTG&SALES&DI CA NA CORDSTRAP LIMITED MKTG&SALES&DI NA CORDSTRAP IRELAND LTD 41 PERCY PLACE 4 DUBLIN EI MKTG&SALES&DI EI NA CORDSTRAP POLSKA SPZ OO WYSOGOTOWO UL KAMIENNA PREZMIEROWO PL 62-081 MKTG&SALES&DI PL NA CORDSTRAP NIERUCHOMOSCI SPZ OO WYSOGOTOWO UL KAMIENNA PREZMIEROWO PL 62-081 REAL ESTATE PL NA SIA CORDSTRAP BALTIC 71 GANIBU DAMBIS RIGA, LV LG 1045 MKTG&SALES&DI LG NA CORDSTRAP ITALIA SRL VIA PAPA GIOVANNI PAOLO 1 422 UBOLDO, VA IT 21040 MKTG&SALES&DI IT NA CORDSTRAP SARL 5-7 AVE CHARLES DE GAULLE SENLIS FR 60300 MKTG&SALES&DI FR NA CORDSTRAP ESPANA SLU 2 CALLE ZURIC SABADELL BARCELONA SP 8207 MKTG&SALES&DI SP NA CORDSTRAP REINFORCED TAPES BV NOBELSTRAAT1 OOSTRUM, GA NL NL-5807 R&D-MFG&MKTG NL NA CONTINENTAL STRAP BV KONINGSHOEVEN 69 UNIT VIII TILBURG, AA NL NL-5018 MKTG&SALES&DI NL NA THE TOOLING COMPANY BV KONINGSHOEVEN 69 UNIT VIII TILBURG, AA NL NL-5018 MKTG&SALES&DI NL NA CORDSTRAP SOUTH AFRICA (PTY) LTD 228A ALBERT AMON STREET MEADOWDALE GERMISTON, GAUTE SF 1401 MKTG&SALES&DI SF NA CORDSTRAP CHINA LTD STE F 8/F TW 2 THE CENTERSTA CTRL HONG KONG CH HOLDING COMPANY CH NA CORDSTRAP ASIA PTE LTD 10 ANSON ROAD 225-08 INTERNATIONAL SN 7990 DORMANT SN NA COREST MANAGEMENT BV NOBELSTRAAT 1 OOSTRUM, GA NL NL-5807 HOLDING COMPANY NL NA CORDSTRAP INDIA PRIVATE LIMITED LV-5 TECH PK-1 AIRPORT RD YERWADA PUNE - 411006 IN MKTG&SALES&DI IN NA CORDSTRAP DO BRASIL RUA AFONSO PENA 81 CACHOEIRINHA - RS BR MKTG&SALES&DI BR NA CORDSTRAP SRO JAKUBSKA 2 PRAHA 1, 11000 EZ MKTG&SALES&DI EZ NA CORDSTRAP MEXICO SERVICIOS COL VALLE DEL CAMPESTRE GARZA GARCIA NL MX 66200 MKTG&SALES&DI MX NA CHARITABLE LEAD TRUST (3) CHARITABLE LEAD TRUST TO BENEFIT PRINCIPIA NA TRUST true PERPETUAL TRUSTS (5) PERPETUAL TRUSTS TO BENEFIT PRINCIPIA NA TRUST true CHARITABLE REMAINDER TRUSTS (49) CHARITABLE REMAINDER TRUSTS TO BENEFIT PRINCIPIA NA TRUST true NON-CHARITABLE TRUSTS (4) TRUST CREATED BY BEQUEST TO BENEFIT PRINCIPIA NA TRUST true POOLED INCOME FUNDS (62) POOLED INCOME FUND TO BENEFIT PRINCIPIA NA TRUST true CORDSTRAP THAILAND 4/222 HARBOR OFFICE SUKHUMVIT RD TUNGSUKLA TH MKTG&SALES&DI TH NA false false true false false false false false false false false false false false false false false false false STICHTING FRED M VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION C 7597097 GIFT IN EURO'S, EXCHANGED IMMEDIATELY TO USD PART V, LINE 1C, IDENTIFICATION OF RELATED TAX EXEMPT ORGANIZATIONS THE STICHTING FRED M. 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.