The Principle Foundation FY2023 filing

Tax-deductible

Overland Park, KS501(c)(3)Since 1958EIN 43-0816306Revenue $2.7M in FY2023

On file with the IRSprinciplefoundation.org8101 College Blvd Ste 100, 66210-2671 · Overland Park, KSTax-exempt since Dec 1959Publicly supported charity — 170(b)(1)(A)(vi)

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To promote inspired benevolence in accordance with the teachings of christian science.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$248K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $695K a year · 20% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$248K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $389K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+2% vs prior year
Spent
$2.8M
To programs
95%
Net assets
$5.3M
By yearFY2020–FY2025
Revenue
$2.7M
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$4.2M
FY2022$2.7M
FY2023$2.7M
FY2024$3.4M
FY2025$4.6M
Expenses
$2.8M
FY2023-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.2M
FY2022$2.8M
FY2023$2.8M
FY2024$2.6M
FY2025$3.0M
Net assets
$5.3M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$5.7M
FY2022$5.0M
FY2023$5.3M
FY2024$6.3M
FY2025$8.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $2.7M Management & general 4% · $104K Fundraising 1% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $248K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$148,160Pt VII · Sec A
Director of Operations
$100,012Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bruce Jeffrey$161,791$155,568$148,160$137,185$133,153$128,722
Margie Brooks———$128,034——
Kevin Massey$109,318$105,621$100,012———
Shannon Horst$103,513—————
Ruth Coughtry$102,195—————
Gina Lindquist-Bailey$26,667—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Principle Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports Christian scientists with practical aid and benevolent actions.

Questions for The Principle Foundation

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Provided by the organization

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3 programs · $2.3M · in their own filed words · FY2023
01

Administer the national fund for christian science nursing. This fund is a supporting organization of the principle foundation and offers financial assistance to those who need help in paying for christian science nursing care.

$780Kprogram expense
02

The Principle Foundation Extended Services (tpfes)

1. Offer grants to retired christian science nurses who can demonstrate financial need or DISTRESS.2. Offer information services to christian scientists who may need help in getting information on christian science nursing, housing options for senior christian scientists, and help available to them and how to pay for IT.3.

$768Kprogram expense
03

Disaster Relief

Administer charitable grants to christian scientists residing in the usa impacted by national disasters, including the PANDEMIC.THE call center: provides useful ideas and resources over the phone for christian scientists regarding housing, assistance, and care.

$738Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$389K
Grants paid · 108 grants · $4.2M · 2020–2025
Unitemized GrantFY2025$450,375
Unitemized GrantFY2025$107,996
Unitemized GrantFY2025$69,763
Unitemized GrantFY2025$56,451
Unitemized GrantFY2025$47,849
Unitemized GrantFY2025$34,118
Unitemized GrantFY2025$23,709
Unitemized GrantFY2025$18,966
Unitemized GrantFY2025$11,279
Unitemized GrantFY2025$8,406
Unitemized GrantFY2025$6,967
Unitemized GrantFY2025$3,700
Unitemized GrantFY2025$3,500
Unitemized GrantFY2025$3,350
Unitemized GrantFY2025$3,000
Unitemized GrantFY2025$1,324
Unitemized GrantFY2025$1,300
Unitemized GrantFY2025$1,218
See all 108 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$169K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.7M
Managementcol C$104K
Fundraisingcol D$34K
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$678K
Total assetsLn 16$6.3M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$169K
Other incomeLn 4–11$2K
Gains on assetsLn 7$64K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$678K
Cash and savings togetherLn 1–2$678K
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$6.3M
LiabilitiesLn 26$1.0M
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 520
VolunteersI 6131
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$742K$678K
InvestmentsLn 11–13$3.7M$4.0M
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$6.1M$6.3M
LiabilitiesLn 26$1.1M$1.0M
Net assetsLn 32$5.0M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$465K$465K
Pay of current officers, directors and key staffLn 5$156K$144K$11K$779
Other salaries and wagesLn 7$997K$962K$14K$21K
Pension plan contributionsLn 8$30K$29K$680$560
Other employee benefitsLn 9$2K$2K$30$52
Payroll taxesLn 10$93K$90K$2K$2K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$184K$177K$4K$3K
Investment management feesLn 11f$42K$42K
Other fees for servicesLn 11g$251K$227K$23K$624
Office expensesLn 13$74K$70K$2K$1K
Information technologyLn 14$151K$145K$3K$3K
OccupancyLn 16$33K$31K$670$684
TravelLn 17$125K$121K$2K$2K
Conferences, conventions and meetingsLn 19$151K$151K$80$48
Depreciation, depletion and amortizationLn 22$50K$50K
InsuranceLn 23$13K$13K$278$318
Other expenses (24a–d)Ln 24$13K$12K$189$47
Total functional expensesLn 25$2.8M$2.7M$104K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$3.0M$1.5M$8.2M 990 PDF
FY2024 $3.4M$2.6M$733K$6.3M 990 PDF
FY2023 Viewing $2.7M$2.8M−$113K$5.3M 990 PDF
FY2022 $2.7M$2.8M−$187K$5.0M 990 PDF
FY2021 $4.2M$2.2M$2.1M$5.7M 990 PDF
FY2020 $2.9M$2.8M$115K$3.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,719,487 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $926,424$1,000,512
I-9 Program service revenuePrior year $1,710,262$1,547,952
I-10 Investment incomePrior year −$1,235$169,168
I-11 Other revenuePrior year $18,466$1,855
I-12 Total revenuePrior year $2,653,917$2,719,487
I-13 Grants and similar amounts paidPrior year $596,454$465,353
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,253,705$1,278,473
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $991,001$1,088,786
I-18 Total expensesPrior year $2,841,160$2,832,612
I-19 Revenue less expensesPrior year −$187,243−$113,125
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,719,487 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,000,512
VIII-1h Total contributions, gifts and grants$1,000,512
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,547,952$1,547,952
VIII-3 Investment incomeExcluded from tax $105,399$105,399
VIII-5 RoyaltiesExcluded from tax $832$832
VIII-7 Net gain or loss on sales of assetsExcluded from tax $63,769$63,769
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,023$1,023
VIII-12 Total revenueRelated to mission $1,547,952 · Unrelated business $0 · Excluded from tax $171,023$2,719,487
Part IX · Statement of functional expenses $2,832,612 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $465,353$465,353
IX-5 Pay of current officers, directors and key staffPrograms $144,071 · Management $10,903 · Fundraising $779$155,753
IX-7 Other salaries and wagesPrograms $962,439 · Management $13,783 · Fundraising $20,948$997,170
IX-8 Pension plan contributionsPrograms $29,046 · Management $680 · Fundraising $560$30,286
IX-9 Other employee benefitsPrograms $1,917 · Management $30 · Fundraising $52$1,999
IX-10 Payroll taxesPrograms $89,575 · Management $1,986 · Fundraising $1,704$93,265
IX-11b Legal feesPrograms $3,818$3,818
IX-11c Accounting feesPrograms $177,025 · Management $3,653 · Fundraising $3,062$183,740
IX-11f Investment management feesManagement $41,686$41,686
IX-11g Other fees for servicesPrograms $227,319 · Management $22,801 · Fundraising $624$250,744
IX-13 Office expensesPrograms $70,251 · Management $2,104 · Fundraising $1,428$73,783
IX-14 Information technologyPrograms $145,466 · Management $2,594 · Fundraising $2,641$150,701
IX-16 OccupancyPrograms $31,460 · Management $670 · Fundraising $684$32,814
IX-17 TravelPrograms $121,029 · Management $2,287 · Fundraising $1,559$124,875
IX-19 Conferences, conventions and meetingsPrograms $150,883 · Management $80 · Fundraising $48$151,011
IX-22 Depreciation, depletion and amortizationPrograms $49,654$49,654
IX-23 InsurancePrograms $12,842 · Management $278 · Fundraising $318$13,438
IX-24 Other expenses (24a–d)Programs $12,286 · Management $189 · Fundraising $47$12,522
IX-25 Total functional expensesPrograms $2,694,434 · Management $103,724 · Fundraising $34,454$2,832,612
Part X · Balance sheet $6,278,601 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $741,791$678,276
X-3 Pledges and grants receivableStart of year $32,713$26,625
X-9 Prepaid expenses and deferred chargesStart of year $8,420$8,317
X-10c Land, buildings and equipment, netStart of year $1,631,651$1,576,017
X-11 Publicly traded securitiesStart of year $3,694,612$3,989,366
X-16 Total assetsStart of year $6,109,187$6,278,601
X-17 Accounts payable and accrued expensesStart of year $115,393$79,673
X-25 Other liabilitiesStart of year $1,009,034$941,996
X-26 Total liabilitiesStart of year $1,124,427$1,021,669
X-27 Net assets without donor restrictionsStart of year $4,818,992$5,100,158
X-28 Net assets with donor restrictionsStart of year $165,768$156,774
X-32 Total net assets or fund balancesStart of year $4,984,760$5,256,932
X-33 Total liabilities and net assetsStart of year $6,109,187$6,278,601
Part XI · Reconciliation of net assets $5,256,932 net assets at year end
XI-1 Total revenue$2,719,487
XI-2 Total expenses$2,832,612
XI-3 Revenue less expenses−$113,125
XI-4 Net assets at start of year$4,984,760
XI-5 Net unrealized gains (losses) on investments$385,297
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,256,932

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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