Founding Principles: FY2022 Nonprofit Profile & Form 990 (EIN 87-3309990)

Net assets by fiscal year
FY2022	$76K
FY2024	$24K

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $31K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Richard Johnston

Chairman

$0Pt VII · Sec A

See Founding Principles executive salaries →

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 15aNo

Programs and updates

Advocates for less government spending, a balanced budget, and reduced national debt.

Questions for Founding Principles

Tap to ask. Founding Principles sees how many people are interested.

Your first name shows with your question. Founding Principles answers here, for everyone.

1 program · $31K · in their own filed words · FY2022

01

Promote fiscal responsibility and a reduction of government spending. Balancing the federal budget, and reducing the national debt.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-3309990) · Dispute this line

$31Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 2 grants · $20K · 2022–2022

Florida First ForeverFY2022$10,000

Tiffany for FloridaFY2022$10,000

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$0

Ln 12

Money outPt IX

$31K

Ln 25

Programscol B$31K

Owns and owesPt X

$76K

net assets · Ln 32

Cash and savingsLn 1–2$76K

Total assetsLn 16$76K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Total revenueLn 12$0

Assets in detailPt X, end of year

CashLn 1$76K

Cash and savings togetherLn 1–2$76K

Total assetsLn 16$76K

LiabilitiesLn 26$0

Net assetsLn 32$76K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$107K	$76K
Total assetsLn 16	$107K	$76K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$107K	$76K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$30K	$30K
Accounting feesLn 11c	$500	$500
Other expenses (24a–d)Ln 24	$75	$75
Total functional expensesLn 25	$31K	$31K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Jul 10, 2025				$24K	990 PDF
FY2023	Not on file
FY2022 ViewingFiled with the IRS May 14, 2024	$0	$31K	−$31K	$76K	990 PDF

Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2024. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2022 990

Part I · Summary $0 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $750,100$0

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $750,100$0

I-13 Grants and similar amounts paidPrior year $625,000$30,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $18,025$575

I-18 Total expensesPrior year $643,025$30,575

I-19 Revenue less expensesPrior year $107,075−$30,575

Part VI · Governance 1 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $0 across 1 lines filed

VIII-12 Total revenue$0

Part IX · Statement of functional expenses $30,575 across 3 lines filed

IX-1 Grants to domestic organizationsPrograms $30,000$30,000

IX-11c Accounting feesPrograms $500$500

IX-24 Other expenses (24a–d)Programs $75$75

IX-25 Total functional expensesPrograms $30,575 · Management $0 · Fundraising $0$30,575

Part X · Balance sheet $76,500 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $107,075$76,500

X-16 Total assetsStart of year $107,075$76,500

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $107,075$76,500

X-32 Total net assets or fund balancesStart of year $107,075$76,500

X-33 Total liabilities and net assetsStart of year $107,075$76,500

Part XI · Reconciliation of net assets $76,500 net assets at year end

XI-1 Total revenue$0

XI-2 Total expenses$30,575

XI-3 Revenue less expenses−$30,575

XI-4 Net assets at start of year$107,075

XI-10 Net assets at end of year$76,500

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

Founding Principles FY2022 filing

Before you give