Overview
What is The Principia Corporation?
The Principia Corporation is a nonprofit educational institution established in 1898 by Mary Kimball Morgan in St. Louis, Missouri. Inspired by her belief in providing a comprehensive education for her sons, she went on to found the Principia School, which later expanded to include Principia College. The name "Principia," meaning "first principles," reflects the organization's commitment to intellectual, athletic, social, moral, and spiritual growth for its students. Principia strives to train students to think critically, vigorously, fearlessly, tolerantly, and unselfishly, emphasizing that education encompasses character building. Principia College, located in Elsah, Illinois, offers undergraduate degrees to men and women in 25 academic majors, and the Principia School, located in western St. Louis, serves approximately 375 students from pre-school through 12th grade. Both institutions are accredited and enroll around 300-350 students per academic year, with over 90% of graduating seniors continuing to college. The organization employs a total of 1112 people.
Official website here: www.principia.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Principia Corporation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is primarily based on a comprehensive evaluation of its financial practices, with the organization scoring 96% in this category. Such a high score indicates a commitment to transparency and responsible financial management.
One of the standout features of The Principia Corporation is its governance structure, which is comprised of 85% independent board members, ensuring that decision-making is free from potential conflicts of interest. Additionally, the organization has robust policies in place, including a conflict of interest policy, whistleblower policy, and practices for document retention, all of which contribute to its accountability.
While the organization demonstrates impressive financial health with a low liabilities-to-assets ratio and a significant program expense ratio, it is essential for potential donors to consider the specific programs and initiatives supported by these funds to assess the overall impact of their contributions. Overall, The Principia Corporation exemplifies strong fiscal responsibility and governance, making it a trustworthy option for donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Principia Corporation legitimate?
The Principia Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Principia Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,428,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,462,107
For more financial information, click here
Official website here: www.principia.edu
What is the mission statement of The Principia Corporation?
The Principia Corporation, as an educational institution, is dedicated to serving the cause of Christian Science. Established over a century ago, it provides education from pre-kindergarten through twelfth grade and higher education. The organization operates independently, not receiving any government funding or being affiliated with the Christian Science church as an activity. Its primary objective is to make a significant contribution to the cause of Christian Science through education.
Official website here: www.principia.edu
Who is the CEO of The Principia Corporation?
Scott L Schneberger is the CEO of The Principia Corporation The CEO's salary of The Principia Corporation is $145,702 and their total compensation is $187,012.
Official website here: www.principia.edu
What is the revenue of The Principia Corporation?
The Principia Corporation's revenue in 2023 was $85,500,016.
Official website here: www.principia.edu
Who are the executives of The Principia Corporation and what are their salaries?
The average compensation at The Principia Corporation during 2023 was $30,263. There are 1219 employees and 461 volunteers at The Principia Corporation.
Here are 31 key members and their salaries (The Principia Corporation's CEO's salary is $145,702 and their total compensation is $187,012):
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- Compensation: $13,956
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- Compensation: $0
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- Compensation: $145,702
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- Other: $41,310
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- Compensation: $287,694
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- Other: $92,296
- Compensation: $160,467
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- Other: $8,845
- Compensation: $131,897
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- Other: $34,645
- Compensation: $297,046
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- Other: $18,646
- Compensation: $244,400
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- Other: $21,688
- Compensation: $202,746
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- Other: $14,151
- Compensation: $214,663
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- Other: $19,623
- Compensation: $186,479
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- Other: $8,339
- Compensation: $187,112
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- Other: $47,618
- Compensation: $177,551
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- Other: $33,250
- Compensation: $137,557
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- Other: $10,955
- Compensation: $133,659
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- Other: $18,841
- Compensation: $135,145
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- Other: $57,430
- Compensation: $140,180
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- Other: $61,023
- Compensation: $139,086
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- Other: $6,393
- Compensation: $100,400
- Related: $0
- Other: $0
Official website here: www.principia.edu
Where can I find the form 990 for The Principia Corporation?
The Principia Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.principia.edu
Learn more at the official website: www.principia.edu
Mission Statement of The Principia Corporation
The Principia Corporation, a renowned educational institution, is dedicated to advancing the cause of Christian Science through appropriate channels. Established over a century ago in 1898, this independent organization provides education at both the pre-k through 12th grade and college levels. Principia distances itself from being an activity of the Christian Science church or accepting any government funding.
The Principia Corporation's primary mission revolves around serving the Christian Science community as an educational institution. Nestled in St. Louis County, Missouri, and Elsah, Illinois, it offers a nurturing learning environment for students. By providing quality education, this institution plays a significant role in fostering the growth and development of its students, enabling them to lead meaningful lives rooted in Christian Science principles.
In pursuit of its mission, The Principia Corporation continues to uphold its commitment to Christian Science. It remains an independent entity, relying on its internal resources and community support to carry out its educational endeavors. This approach allows the institution to maintain its distinct identity and focus on its educational mission while contributing to the larger Christian Science movement.
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Impact
October, 2024
The Principia Corporation significantly impacts education by providing a holistic learning environment grounded in the principles of Christian Science. Established in 1898, it began with a vision to offer a fuller education than that available in public schools. This commitment to nurturing intellect, character, and moral development fosters well-rounded students prepared for future challenges.
Principia serves students from preschool through college, emphasizing not only academic excellence but also social, moral, and spiritual growth. The college offers diverse programs leading to Bachelor degrees, while the school serves approximately 375 students from pre-K through 12th grade. A notable aspect of Principia's approach is its focus on developing skills such as clear and critical thinking, unselfishness, and tolerance.
Principia is recognized as one of the top liberal arts colleges in the Midwest, maintaining accreditation with a robust curriculum that includes strong offerings in honors and advanced placement classes. By accepting no government funding, Principia maintains its independence and reflects its core values in all educational endeavors, shaping students to use their knowledge and abilities for the betterment of humanity. The institution's strong track record—where over 90% of graduating seniors continue to higher education—underscores its commitment to delivering quality education that aligns with its mission.
This information is meant to be a general summary of The Principia Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $18,980,344
- Program Service Revenue: $25,582,602
- Gross Receipts: $180,025,848
Assets and Liabilities:
- Total Assets: $1,121,774,918
- Total Liabilities: $66,942,375
- Net Assets: $1,054,832,543
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$17,674,476
Auxiliary enterprises
Revenue
$7,102,938
Fees for non-academic credit offerings
Revenue
$805,188
Organization Details
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