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Principles First Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823634170 ✦ Katy, TX ✦ Designated as a 501(c)(3)

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Overview

What is Principles First Inc?

Principles First Inc, based in Katy, Texas, is a distinguished nonprofit organization devoted to fostering character, teamwork, and sportsmanship in a fun and engaging basketball environment. Their primary objective is to emerge as a leading force in nurturing elite-level basketball talent in the Houston area. By providing players with an in-depth understanding of the game, Principles First Inc aims to create a positive and enriching experience for all involved.

Is Principles First Inc legitimate?

Principles First Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Principles First Inc 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: $13,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,240

For more financial information, click here

What is the mission statement of Principles First Inc?

Principles First Inc, as an organization, is committed to establishing itself as a leading entity in the development of elite-level basketball talent in a specific area, which in this case is Houston. Their mission is to foster an environment that emphasizes character, teamwork, and sportsmanship alongside a deep understanding of the game. The primary goal is to provide players with an enjoyable and enriching basketball experience while offering them the chance to enhance their basketball skills to a superior level.

Who is the CEO of Principles First Inc?

Kendrick Davis is the Executive Director/President of Principles First Inc.

What is the revenue of Principles First Inc?

Principles First Inc's revenue in 2022 was $225,292.

Who are the executives of Principles First Inc and what are their salaries?

There 15 volunteers at Principles First Inc.


Here are 4 key members and their salaries:


Kendrick Davis (Executive Director/President)
  • Compensation: $13,400
  • Related: $0
  • Other: $0
Russell Lewis (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Niesha Davis (Secreatary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kendra Davis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Principles First Inc?

Principles First Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Principles First Inc

Principles First Inc, a renowned organization, is committed to becoming a leading force in the development of elite-level basketball in various communities within the Houston area. The core objective of Principles First is to provide an engaging and enjoyable basketball experience, fostering the growth of essential life skills such as character, teamwork, and sportsmanship. Simultaneously, the organization aims to equip players with a profound understanding of the game, offering them an opportunity to excel in their basketball careers.

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Impact




October, 2024

Principles First Inc significantly impacts the Houston area by fostering elite-level basketball development and promoting essential life skills among youth athletes. Through its commitment to character development, teamwork, and sportsmanship, the organization creates an enjoyable environment for players to grow both on and off the court.

By providing comprehensive training and coaching, Principles First equips young athletes with superior knowledge of the game, enabling them to excel in basketball while reinforcing values that extend beyond the sport. This holistic approach not only develops skilled athletes but also cultivates responsible and collaborative individuals who can positively influence their communities. In essence, Principles First Inc is cultivating the next generation of leaders through the sport of basketball.




This information is meant to be a general summary of Principles First Inc. 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.

Revenue
$225,292 (2022)
Expenses
$214,364 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $225,292
  • Gross Receipts: $225,292

Assets and Liabilities:

  • Total Assets: $17,660
  • Total Liabilities: $18,224
  • Net Assets: -$564

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROFESSIONAL FEES

Revenue

$225,292

Organization Details

Founding Year

2017

Principal Officer

Kendrick Davis

Main Address

24949 KATY RANCH ROAD UNIT 1805, KATY, TX, 77494

NTEE Category

Code: O20 - Youth development

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