The Principle Foundation FY2024 filing

Tax-deductible

Overland Park, KS501(c)(3)Since 1958EIN 43-0816306Revenue $3.4M in FY2024

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.
91¢ of each $1 spent went to programs.
$261K 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

FY2024 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$261K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
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
$173K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+23% vs prior year
Spent
$2.6M
To programs
91%
Net assets
$6.3M
By yearFY2020–FY2025
Revenue
$3.4M
FY2024▲ +23%
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
$2.6M
FY2024▼ -8%
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
$6.3M
FY2024▲ +19%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

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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

91 cents of each dollar spent went to programs.

Program services 91% · $2.4M Management & general 7% · $176K Fundraising 2% · $52K

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

14 people listed on the 990; $261K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$155,568Pt VII · Sec A
Director of Operations
$105,621Pt VII · Sec A
Board Vice Chair (resigned in 2024)
$0Pt VII · Sec A
Director/Board Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (resigned in 2024)
$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.

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Provided by the organization

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3 programs · $2.0M · in their own filed words · FY2024
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.

$781Kprogram expense
02

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.

$665Kprogram expense
03

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.

$571Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$470K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.4M
Managementcol C$176K
Fundraisingcol D$52K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$645K
Total assetsLn 16$6.5M
LiabilitiesLn 26$173K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$470K
Other incomeLn 4–11$790
Gains on assetsLn 7$320K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$645K
Cash and savings togetherLn 1–2$645K
InvestmentsLn 11–13$4.3M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$6.5M
LiabilitiesLn 26$173K
Net assetsLn 32$6.3M
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 FY24End FY24
Cash and savingsLn 1–2$678K$645K
InvestmentsLn 11–13$4.0M$4.3M
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$6.3M$6.5M
LiabilitiesLn 26$1.0M$173K
Net assetsLn 32$5.3M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$415K$415K
Pay of current officers, directors and key staffLn 5$168K$168K
Other salaries and wagesLn 7$980K$965K$15K
Pension plan contributionsLn 8$60K$60K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$91K$91K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$131K$131K
Investment management feesLn 11f$43K$43K
Other fees for servicesLn 11g$235K$235K
Office expensesLn 13$80K$43K$37K
Information technologyLn 14$154K$154K
OccupancyLn 16$36K$36K
TravelLn 17$112K$112K
Conferences, conventions and meetingsLn 19$11K$11K
Depreciation, depletion and amortizationLn 22$52K$52K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$28K$28K
Total functional expensesLn 25$2.6M$2.4M$176K$52K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$3.0M$1.5M$8.2M 990 PDF
FY2024 Viewing $3.4M$2.6M$733K$6.3M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $3,350,938 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000,512$1,528,837
I-9 Program service revenuePrior year $1,547,952$1,351,417
I-10 Investment incomePrior year $169,168$469,894
I-11 Other revenuePrior year $1,855$790
I-12 Total revenuePrior year $2,719,487$3,350,938
I-13 Grants and similar amounts paidPrior year $465,353$415,366
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,278,473$1,301,530
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,088,786$901,444
I-18 Total expensesPrior year $2,832,612$2,618,340
I-19 Revenue less expensesPrior year −$113,125$732,598
Part VI · Governance 12 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
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 $3,350,938 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,528,837
VIII-1h Total contributions, gifts and grants$1,528,837
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,351,417$1,351,417
VIII-3 Investment incomeExcluded from tax $149,871$149,871
VIII-5 RoyaltiesExcluded from tax $790$790
VIII-7 Net gain or loss on sales of assetsExcluded from tax $320,023$320,023
VIII-12 Total revenueRelated to mission $1,351,417 · Unrelated business $0 · Excluded from tax $470,684$3,350,938
Part IX · Statement of functional expenses $2,618,340 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $415,366$415,366
IX-5 Pay of current officers, directors and key staffPrograms $168,013$168,013
IX-7 Other salaries and wagesPrograms $965,367 · Fundraising $15,000$980,367
IX-8 Pension plan contributionsPrograms $60,009$60,009
IX-9 Other employee benefitsPrograms $1,928$1,928
IX-10 Payroll taxesPrograms $91,213$91,213
IX-11b Legal feesManagement $1,807$1,807
IX-11c Accounting feesManagement $131,492$131,492
IX-11f Investment management feesManagement $42,925$42,925
IX-11g Other fees for servicesPrograms $234,737$234,737
IX-13 Office expensesPrograms $42,775 · Fundraising $37,439$80,214
IX-14 Information technologyPrograms $154,360$154,360
IX-16 OccupancyPrograms $35,888$35,888
IX-17 TravelPrograms $111,627$111,627
IX-19 Conferences, conventions and meetingsPrograms $10,677$10,677
IX-22 Depreciation, depletion and amortizationPrograms $51,917$51,917
IX-23 InsurancePrograms $18,157$18,157
IX-24 Other expenses (24a–d)Programs $27,643$27,643
IX-25 Total functional expensesPrograms $2,389,677 · Management $176,224 · Fundraising $52,439$2,618,340
Part X · Balance sheet $6,454,556 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $678,276$645,170
X-3 Pledges and grants receivableStart of year $26,625$26,625
X-9 Prepaid expenses and deferred chargesStart of year $8,317$0
X-10c Land, buildings and equipment, netStart of year $1,576,017$1,516,035
X-11 Publicly traded securitiesStart of year $3,989,366$4,266,726
X-16 Total assetsStart of year $6,278,601$6,454,556
X-17 Accounts payable and accrued expensesStart of year $79,673$118,742
X-25 Other liabilitiesStart of year $941,996$53,960
X-26 Total liabilitiesStart of year $1,021,669$172,702
X-27 Net assets without donor restrictionsStart of year $5,100,158$6,142,290
X-28 Net assets with donor restrictionsStart of year $156,774$139,564
X-32 Total net assets or fund balancesStart of year $5,256,932$6,281,854
X-33 Total liabilities and net assetsStart of year $6,278,601$6,454,556
Part XI · Reconciliation of net assets $6,281,854 net assets at year end
XI-1 Total revenue$3,350,938
XI-2 Total expenses$2,618,340
XI-3 Revenue less expenses$732,598
XI-4 Net assets at start of year$5,256,932
XI-5 Net unrealized gains (losses) on investments$292,324
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,281,854

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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