Nova Principles Foundation EIN 82-1105658

Nova Principles Foundation FY2020 filing

EIN  82-1105658 Public charity (501(c)(3)) Lehi, UT Founded 2016
Form 990 (PDF)
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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 · $36K
Money in and out
$100K revenue, $91K expenses
Bottom line
81% program efficiency

Guides young people to find positive paths, learn good values, and take responsibility. For fiscal year 2020 it reported $100K in revenue, $91K in expenses, and $46K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$100K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$46K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program efficiency
81%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$100K
FY2020
Expenses
$91K
FY2020
Total assets
$50K
FY2020
Total liabilities
$4K
FY2020
Total revenue
$100K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$46K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$50K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $73K of program spending, described in the organization's own filed words · FY2020.
01

For the year ended December 31, 2020, N.O.V.A. Principles Foundation operated the following programs:NOVA PrinciplesNOVA is taught to adolescents, male and female, grades 5 to 11. The program is taught by certified NOVA Instructors.

$73Kprogram 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 1a10
Independent voting membersPt VI · Ln 1b10
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
$36,400Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$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$60K · 60%
Contributions & grants$39K · 39%
Other revenue$1K · 1%
Program service revenue60%$60K
Contributions & grants39%$39K
Other revenue1%$1K
— government grantsLn 1e$8K
Total revenueLn 12$100K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$73K
Management & general12%$11K
Fundraising7%$6K
Total functional expensesLn 25$91K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$50K
Total liabilitiesLn 26$4K
Total net assetsLn 32$46K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses (Pt IX) $91K · Less non-cash grants $310 · Cash operating expenses/yr $90K
1.4 months
Where the money goes
Program services
Program services $73K · Total expenses $91K
81%
Management & General
Management & general $11K · Total expenses $91K
12%
Fundraising
Fundraising $6K · Total expenses $91K
7%
Cost to raise $1
Fundraising expense $6K · Solicited contributions $31K
$0.20 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $39K · Total revenue $100K
39%
Government reliance
Government grants $8K · Total revenue $100K
8%
Earned-income share
Program service revenue $60K · Total revenue $100K
60%
Investment reliance
Investment income $0 · Total revenue $100K
0%
Program self-sufficiency
Program service revenue $60K · Total expenses $91K
66%
Growth & trend
Revenue growth (YoY)
This year $100K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $46K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $100K · Expenses $91K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $50K
Net-asset ratio
Net assets $46K · Total assets $50K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $50K
0%
People & payroll
Highest Reported Total Compensation
Individual Lyman Gifford · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $36K · Total expenses $91K
40%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $40K · Total expenses $91K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 12%
Fundraising cost ratio 16%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · ⤓ 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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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