Nova Principles Foundation EIN 82-1105658

Nova Principles Foundation

EIN  82-1105658 Public charity (501(c)(3)) Lehi, UT Founded 2016
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Size
$100K–1M
What they do
Guides young people to find positive paths, learn good values, and take responsibility.
Leadership
Lyman Gifford · Executive Director · $44K
Money in and out
$114K revenue, $119K expenses
Bottom line
82% program efficiency

Guides young people to find positive paths, learn good values, and take responsibility. For fiscal year 2025 it reported $114K in revenue, $119K in expenses, and $51K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$114K
Pt VIII · Ln 12
Total expenses
$119K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.15 Fundraising $0.03
Program efficiency
82%
of spending reaches programs0% vs prior filing year
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▼ -135% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$114K
FY2025▼ -17%
Expenses
$119K
FY2025▼ -3%
Total assets
$73K
FY2025▼ -4%
Total liabilities
$22K
FY2025▲ +7%
Total revenue
$114K
Pt VIII · Ln 12
Total expenses
$119K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$73K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $97K of program spending, described in the organization's own filed words · FY2025.
01

For the year ended December 31, 2025, N.O.V.A. Principles Foundation operated the following programs:NOVA Principles: NOVA is taught to adolescents, male and female, grades 5 through 11. The program is taught by certified NOVA Instructors.NOVA's curriculum is built around five core principlesAccountability, Purpose, Positivity…

$97Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNova Principles Foundation
EINHdr · item D82-1105658
Principal addressHdr · item CLehi, UT
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2016
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFSep 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$43,999Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lyman Gifford’s $44K as Executive Director is at the 31st percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lyman Gifford$43,999$44,554$39,200$36,400$36,400$36,400

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.

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Statement of Revenue

Part VIII
Program service revenue$75K · 66%
Contributions & grants$39K · 34%
Program service revenue66%$75K
Contributions & grants34%$39K
Investment income$20
Total revenueLn 12$114K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.15 Fundraising $0.03
Program services82%$97K
Management & general15%$17K
Fundraising3%$4K
Total functional expensesLn 25$119K

Balance Sheet

Part X · end of year
CashLn 1$32K
Total assetsLn 16$73K
Total liabilitiesLn 26$22K
Total net assetsLn 32$51K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $32K · Operating expenses (Pt IX) $119K · Less non-cash grants $500 · Cash operating expenses/yr $118K
3.3 months
Where the money goes
Program services
Program services $97K · Total expenses $119K
82%
Management & General
Management & general $17K · Total expenses $119K
15%
Fundraising
Fundraising $4K · Total expenses $119K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $51K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $39K · Total revenue $114K
34%
Government reliance
Government grants — · Total revenue $114K
Earned-income share
Program service revenue $75K · Total revenue $114K
66%
Investment reliance
Investment income $20 · Total revenue $114K
0%
Program self-sufficiency
Program service revenue $75K · Total expenses $119K
63%
Growth & trend
Revenue growth (YoY)
This year $114K · Prior year $138K
-17%
Revenue CAGR
FY2020 $100K · FY2025 $114K
+3%
Net-asset trend (YoY)
End of year $51K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $114K · Expenses $119K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $73K
Net-asset ratio
Net assets $51K · Total assets $73K
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $73K
0%
People & payroll
Highest Reported Total Compensation
Individual Lyman Gifford · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $44K · Total expenses $119K
37%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $47K · Total expenses $119K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 15%
Fundraising cost ratio 10%
Revenue growth -17%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$50K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$114K revenue · viewing · ⤓ 990 PDF
FY2024$138K revenue · ⤓ 990 PDF
FY2023$119K revenue · ⤓ 990 PDF
FY2022$90K revenue · ⤓ 990 PDF
FY2021$74K revenue · ⤓ 990 PDF
FY2020$100K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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