First Principles Inc
- Assets
- $85.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crestwood, KY
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 61-1233366
Organization Overview
First Principles Inc is located in Crestwood, KY. The organization was established in 1995. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is the central organization for a national or regional group of organizations. First Principles Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, First Principles Inc generated $98.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RESEARCH AND EDUCATION FOR CHARITABLE PURPOSES. EDUCATIONREGARDING RESTORING SOCIAL VALUES AND PRINCIPLES INTOOUR SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Sears Director | 20 | $0 | |
Les Kepley Director | 0 | $0 | |
Eunice Van Winkle Ray President | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,225 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,225 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,838 |
| Total expenses | $27,088 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,440 |
| Other assets | $0 |
| Total assets | $85,348 |
| Total liabilities | $10,202 |
| Net assets or fund balances | $75,146 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that First Principles Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: RONALD D. RAY LIBRARY OF AMERICAN HISTORY | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Rural Electric Cooperatives Inc Country Living Magazine Columbus, OH | $3,871,538 | $7,712,310 |
Association For Research And Enlightenment Inc Virginia Beach, VA | $20,084,486 | $11,379,644 |
Greater Education Opportunities Foundation Indianapolis, IN | $17,673,440 | $7,674,537 |
Association Of Corporate Travel Executives Inc Bamkruptcy Alexandria, VA | $277,722 | $5,636,042 |
The Center For Economic Research And Social Change Inc Chicago, IL | $10,561,395 | $6,102,602 |
National Energy Education Development Project Inc Manassas, VA | $4,802,187 | $4,327,526 |
Life Christian Outreach Inc Columbia, MO | $987,065 | $3,533,207 |
Randall House Publications Of The National Assn Of Free Will Baptist Nashville, TN | $2,277,903 | $2,957,319 |
The Book Arts Press Inc Charlottesville, VA | $18,999,420 | $6,073,430 |
The Christian Century Chicago, IL | $17,596,828 | $3,273,341 |
Investigative Reporters And Editors Inc Columbia, MO | $8,372,941 | $3,252,818 |
Midwest Political Science Association Bloomington, IN | $7,512,584 | $2,303,181 |