2020-02-14T11:30:05-06:00 2019-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2018-07-01 430652667 The Principia Corporation PRIN 3144342100 13201 Clayton Road St Louis MO 63131 Donald D Miller Controller and Assistant CFO 2020-02-14 true Nicole Bencik P00756195 3128997000 2018 2020-11-06 18:47:13Z Donald D Miller 13201 Clayton Road St Louis MO 63131 170172324 false X www.principia.edu X 1912 MO THE PRINCIPIA SHALL SEEK TO SERVE THE CAUSE OF CHRISTIAN SCIENCE THROUGH APPROPRIATE CHANNELS OPEN TO IT AS AN EDUCATIONAL INSTITUTION. 14 14 1329 652 1912570 -2907178 11786791 30390504 28734060 28197713 48035397 41247244 1324382 1424196 89880630 101259657 15724420 15609405 0 44838974 45537280 83494 4295180 33781094 32359624 94344488 93589803 -4463858 7669854 874178798 878107421 46129044 49019456 828049754 829087965 X Principia's primary purpose is to serve the cause of Christian Science as an independent educational institution, providing pre-k through 12th grade education on its campus in west St. Louis County, Missouri, and college education on its campus in Elsah, Illinois. Established in 1898, Principia accepts no government funding and is not an activity of the Christian Science church. false false 39700014 15609405 19231916 INSTRUCTION: IN 1897, MARY KIMBALL MORGAN, A CHRISTIAN SCIENTIST, BEGAN HOME-SCHOOLING HER TWO SONS BECAUSE SHE BELIEVED SHE COULD GIVE THEM A FULLER EDUCATION THAN WHAT WAS BEING OFFERED IN THE PUBLIC SCHOOLS. GRADUALLY, IT BECAME APPARENT TO MRS. MORGAN THAT THE ESTABLISHMENT OF A SCHOOL WAS NEEDED. THE NAME "PRINCIPIA", MEANING "FIRST PRINCIPLES," WAS CHOSEN FOR THE SCHOOL MRS. MORGAN ESTABLISHED IN 1898. PRINCIPIA'S PRIMARY PURPOSE IS TO SERVE THE CAUSE OF CHRISTIAN SCIENCE AS AN EDUCATIONAL INSTITUTION - NOT THROUGH TEACHING THE THEOLOGY OF CHRISTIAN SCIENCE, BUT THROUGH PROVIDING PROGRAMS WHICH WILL ALLOW ITS STUDENTS TO GROW INTELLECTUALLY, ATHLETICALLY, SOCIALLY, MORALLY, AND SPIRITUALLY WITH THE SUPPORT AND EXAMPLE OF FELLOW STUDENTS, FACULTY AND STAFF. PRINCIPIA STRIVES TO TRAIN ITS STUDENTS "TO THINK CLEARLY, VIGOROUSLY, FEARLESSLY, TOLERANTLY, UNSELFISHLY." TEACHING AT PRINCIPIA ALSO "EMPHASIZES THE POINT OF VIEW THAT EDUCATION CARRIES WITH IT THE OBLIGATION TO USE TECHNICAL SKILLS AND INTELLECTUAL ATTAINMENTS FOR THE BETTERMENT OF HUMANITY." PRINCIPIA "TAKES THE POSITION THAT EDUCATION IN ITS FULLEST SENSE CANNOT BE CONFINED TO ACADEMIC SUBJECTS BUT INCLUDES THE BUILDING OF CHARACTER" (FROM PURPOSE AND POLICIES OF THE PRINCIPIA). PRINCIPIA COLLEGE FACTS PRINCIPIA COLLEGE IS LOCATED IN ELSAH, ILLINOIS. THE CURRICULUM OFFERS MEN AND WOMEN COURSES IN 26 REGULAR ACADEMIC MAJORS LEADING TO EITHER A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. 67% OF COLLEGE FACULTY HOLD TERMINAL DEGREES. NATIONAL PUBLICATIONS RECOGNIZE PRINCIPIA COLLEGE AS ONE OF THE TOP LIBERAL ARTS SCHOOLS IN THE MIDWEST. THE COLLEGE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS AND ENROLLS APPROXIMATELY 400-450 STUDENTS EACH ACADEMIC YEAR. PRINCIPIA SCHOOL FACTS PRE-SCHOOL, LOWER SCHOOL, MIDDLE SCHOOL, UPPER SCHOOL PRINCIPIA SCHOOL IS A COED BOARDING AND DAY SCHOOL FOR CHRISTIAN SCIENTISTS LOCATED ON A 360-ACRE CAMPUS IN THE WESTERN SUBURBS OF ST. LOUIS. INSTRUCTION IS PROVIDED TO APPROX. 400 STUDENTS IN PRE-SCHOOL THROUGH 12TH GRADE. OVER 90 PERCENT OF GRADUATING SENIORS GO ON TO COLLEGE. THE UPPER SCHOOL OFFERS 21 HONORS/AP CLASSES. 31 STATES AND 16 COUNTRIES ARE REPRESENTED AMONG THE STUDENTS. 68% OF UPPER SCHOOL FACULTY HOLD ADVANCED DEGREES. 14570421 8965797 AUXILIARY ENTERPRISES: FOOD SERVICES ARE PROVIDED TO STUDENTS, FACULTY, AND STAFF THROUGH TWO FULL-SERVICE DINING ROOMS, PLUS A STUDENT GRILL. DORMITORIES PROVIDE HOUSING AT PRINCIPIA COLLEGE AT 12 HOUSES. APPROXIMATELY 60% OF UPPER SCHOOL STUDENTS ARE HOUSED IN EITHER A BOYS' OR GIRLS' DORMITORY. STUDENTS MAY PURCHASE A VARIETY OF SCHOOL SUPPLIES, BOOKS, CLOTHING, AND PERSONAL ITEMS AT EITHER THE COLLEGE OR SCHOOL BOOKSTORE. 12540045 STUDENT SERVICES: INCLUDES ADMISSIONS, REGISTRAR, COLLEGE ATHLETICS, OFFICE OF STUDENT LIFE AND HEALTH SERVICES. PRINCIPIA COLLEGE IS A MEMBER OF THE ST. LOUIS INTERCOLLEGIATE ATHLETIC CONFERENCE (SLIAC), WHICH INCLUDES 10 COLLEGES LOCATED IN KENTUCKY, ILLINOIS, IOWA, AND MISSOURI. PRINCIPIA TEAMS COMPETE IN 8 MEN'S AND 8 WOMEN'S SPORTS. NO ATHLETIC SCHOLARSHIPS ARE OFFERED BY ANY MEMBER OF SLIAC. PRINCIPIA COLLEGE MAINTAINS SEVERAL ATHLETIC FACILITIES, INCLUDING AN ATHLETIC CENTER, NATATORIUM, FIELD HOUSE, INDOOR TENNIS CENTER, 4 OUTDOOR FIELDS, OUTDOOR TENNIS COURTS, AND RUNNING TRAILS. UPPER SCHOOL STUDENTS MAY PARTICIPATE IN THE ST. LOUIS METRO LEAGUE IN ONE OR MORE SPORTS OF THE 18 OFFERED. THE ATHLETIC FACILITIES INCLUDE 3 GYMNASIUMS, AN INDOOR SWIMMING POOL, SOCCER FIELD, FOOTBALL FIELD, ALL-WEATHER RUNNING TRACK, BASEBALL AND SOFTBALL FIELDS, TENNIS COURTS, ROPES COURSE, AND CROSS COUNTRY COURSE. THE OFFICE OF STUDENT LIFE COORDINATES COLLEGE SOCIAL ACTIVITIES, INTERNATIONAL STUDENT SUPPORT, RESIDENTIAL LIVING, AND STUDENT GOVERNMENT. 5970338 1238499 OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT 5970338 1238499 72780818 true true false false false false false false true true true false true true true true false true false true false false true false false false true true true true false false false false false false true false true false true false false false true true true true false false true X 1215 0 true 1329 true true true true IN EI IT LG MY MX NL PL SP TH TU AE UK BR CA CY EZ FR GM false false false false true false false false false false X 14 14 true false false false false false true true true false false true true true true true true true true false CO IL MA NH NY OR SC WI X Donald D Miller 3145143103 13201 Clayton Road St Louis MO 63131 Meridee K Olsen Chair 10.0 X X 0 0 0 Charles Lindahl Vice Chair 5.0 X X 0 0 0 Robert J Macdonald Secretary 5.0 X X 0 0 0 Allan Marquardt Treasurer 5.0 X X 0 0 0 John D Friborg Executive Comm Member-at-large 5.0 X X 0 0 0 Jayme Walker Holcomb Trustee 5.0 X 0 0 0 Mindy Savides Trustee 5.0 X 0 0 0 Stephen J Shaper Trustee 5.0 X 0 0 0 Steve DeWindt Trustee 5.0 X 0 0 0 Glen H Cope Trustee 5.0 X 0 0 0 William Merritt Trustee 5.0 X 0 0 0 Scott L Schneberger Trustee 5.0 X 0 0 0 Dennis Marunde Trustee 5.0 X 0 0 0 Bruce Bond Trustee 5.0 X 0 0 0 Marshall Ingwerson Chief Executive 40.0 X 324618 0 28105 D DOUGLAS GIBBS CFO (through January 2019) 40.0 X 184938 0 20406 Donald D Miller Interim CFO (beginning Feb 2019) and Controller 40.0 X 99578 0 16180 Lee Barron General Counsel 40.0 X 227424 0 27904 HOWARD E BERNER JR CHIEF INVESTMENT OFFICER 40.0 X 260615 0 26976 Barbara Blackwell Chief Advancement Officer 40.0 X 163395 0 35741 EDWARD MCCARTY ASSISTANT SECRETARY 40.0 X 118595 0 47532 KAREN B DEARBORN ASSISTANT SECRETARY (through 9/20/18) 40.0 X 186967 0 13593 PETER ALAN STEVENS ASSISTANT SECRETARY (through 9/20/18) 40.0 X 189726 0 14626 Charles T Brantingham HEAD OF SCHOOL 40.0 X 221935 0 164274 Jolanda Westerhof College President (beginning March 2018) 40.0 X 223691 0 70116 Peter Dry Assistant Head of School 40.0 X 148856 0 68621 Libby Scheiern Associate Academic Dean and Director of Center for Teaching and Learning 40.0 X 130428 0 12342 Laurance Doyle Director of the Institute for the Metaphysics of Physics 40.0 X 128082 0 5180 Heidi Snow Interim Dean of Academics 40.0 X 113295 0 11078 Jordan Poznick Director of Recruiting 40.0 X 112979 0 48426 Joseph M Ritter College Provost (thru June 2018) 40.0 X 106025 0 10955 Jonathan W Palmer College President (thru March 2018) 40.0 X 123321 0 30798 3064468 0 652853 28 true true false Helmkamp Construction Co 707 Berkshire Blvd East Alton IL 620241326 Construction Services 10385752 Talbert Industrial Commercial Services Inc PO Box 287 Chesterfield MO 63006 Hazardous material abatement 942762 Ellucian Company LP 4 Country View Road Malvern PA 193551408 IT Support Services 691943 Conference Technologies Inc POBox 66726 St Louis MO 631666726 Construction services 579914 Maul Excavating Inc 30825 Crystal Lake Road Brighton IL 62012 Construction services 551918 38 X 30390504 430559 30390504 Tuition and fees 611600 19231916 19231916 Auxiliary enterprises 611600 8322513 8322513 Fees for non-academic credit offerings 611600 643284 643284 0 0 0 0 28197713 16413479 1912570 14500909 1218406 1032709 185697 0 185697 185697 92705769 7954 67879958 0 24825811 7954 24833765 24833765 Credit card purchase rebates 900099 82151 82151 COBRA pymnts from former employees 900099 40522 40522 Child care charged to employees 900099 142124 142124 973702 973702 0 0 1238499 101259657 29436212 1912570 39520371 10000 10000 15599405 15599405 2631986 2272406 359580 255660 255660 31300423 25211255 3854098 2235070 1833116 1484489 215555 133072 7072542 5399573 1144548 528421 2443553 1862471 391180 189902 120031 118308 1723 146468 146468 83494 83494 2669224 2669224 7046284 5695233 1337279 13772 578584 305994 62095 210495 489318 100844 284581 103893 1737374 385514 1306856 45004 1638481 1579330 53819 5332 3903603 3423683 231779 248141 444376 333755 81962 28659 560618 560618 6860152 6574166 262768 23218 1247512 11630 1235877 5 SUPPLIES & EQUIPMENT 2309510 2159472 115960 34078 FOOD 1299704 1231177 50985 17542 BOOKSTORE 170150 172992 -2842 BAD DEBT 183153 175998 7155 955082 808177 110284 36621 93589803 72780818 16513805 4295180 3291372 17377923 4249256 2099305 176726 259325 0 0 0 9859742 9603549 212084 201133 944298 921890 267009195 136551078 122330989 130458117 187032462 174277326 467583905 460571690 0 78497964 82337163 874178798 878107421 6331137 6079858 16223206 15618605 0 0 23574701 27320993 46129044 49019456 X 356679063 337134800 178932163 190602345 292438528 301350820 828049754 829087965 874178798 878107421 X 7669854 -7745895 1114252 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 600831567 1082536 27646983 12720956 33861560 582978570 578531353 3060915 65820930 18607343 27974288 600831567 547834633 6735722 69807162 18538184 27307980 578531353 543343659 1216502 47586016 18205960 26105584 547834633 563667387 10695188 12044690 17407937 25655669 543343659 0.282 0.491 0.227 false true true 740991 740991 195934569 100458227 95476342 53367302 36092851 17274451 16966333 16966333 130458117 GENERAL and LIMITED PARTNERSHIPS 831914 F REAL ESTATE 237667 F DISTRESSED DEBT FUNDS 10172409 F PRIVATE EQUITY AND VENTURE CAPITAL 131231949 F OIL & GAS RIGHTS 2100831 F HEDGE FUNDS 145609969 F REAL ASSET FUNDS 46981002 F BOND AND STOCK FUNDS 123405949 F 460571690 Other 217137 Beneficial interests in trusts held by others 27837710 Perpetual trusts held by third party trustees 9475012 Equity interest in foreign support foundation 42705904 Lease receivable 2101400 82337163 INTEREST RATE SWAP LIABILITY 2580695 DEPOSITS AND OTHER 4641819 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 14647677 CONDITIONAL ASSET RETIREMENT OBLIGATION 5450802 27320993 X 75565089 -7745895 1032709 -6713186 82278275 3381977 15599405 18981382 101259657 75641130 1032709 1032709 74608421 3381977 15599405 18981382 93589803 Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUNDS ARE USED TO SUPPORT OPERATIONS, PROVIDE STUDENT AID AND OTHER USES AS DIRECTED BY DONORS. PRINCIPIA'S ENDOWMENT PROVIDES SUBSTANTIAL FUNDING FOR ANNUAL AND CAPITAL EXPENDITURES. PRINCIPIA INCURS SUBSTANTIAL FIXED COSTS FROM OPERATING TWO SEPARATE EDUCATIONAL INSTITUTIONS (4-YEAR LIBERAL ARTS COLLEGE AND PRE-K THROUGH 12TH GRADE SCHOOL). CONSEQUENTLY, PRINCIPIA IS MORE HIGHLY DEPENDENT UPON ITS ENDOWMENT TO PROVIDE FUNDS FOR SPENDING THAN SCHOOLS WITH SIMILAR SIZE ENROLLMENT. MANAGEMENT OF THE ENDOWMENT IS OVERSEEN BY AN INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES AND THE OFFICE OF THE CHIEF INVESTMENT OFFICER. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Tax positions taken related to Principia's tax exempt status, unrelated business activities, and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken by Principia would more likely than not be sustained on examination by taxing authorities, based on the technical merits of the positions. Accordingly, management has concluded that as of June 30, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in Principia's financial statements. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rental expenses reported as offset to rental income - 1032709 - Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Grants to students deducted on F/S in arriving at revenues - 15599405 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental expenses reported as offset to rental income - 1032709 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Grants to students (reclassified from offset to revenues) - 15599405 true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY NONDISCRIMINATORY POLICY PUBLICIZED WITHIN COLLEGE AND OTHER SCHOOL CATALOGUES AND APPLICATION MATERIALS, AS WELL AS NEWSPAPERS, WHEN APPROPRIATE. Central America and the Caribbean 0 0 Program Services STUDENT AND FACULTY STUDY 107546 East Asia and the Pacific 0 0 Program Services STUDENT AND FACULTY STUDY 83 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT AND FACULTY STUDY 728902 Central America and the Caribbean 0 0 Investments 102075838 Europe (Including Iceland and Greenland) 0 0 Investments 25695640 North America (Canada & Mexico only) 0 0 Investments 1540951 South Asia 0 0 Program Services STUDENT AND FACULTY STUDY 885 Sub-Saharan Africa 0 0 Program Services Student study 170655 Middle East and North Africa 0 0 Program Services Student study 307045 North America (Canada & Mexico only) 0 0 Program Services STUDENT STUDY 34422 0 0 0 0 0 0 130661967 0 130661967 true false true true true true X X X X X true Scott R Lumpkin & Associates LLC 2347 S Allison Way Lakewood CO 80227 Consultation and training regarding planned giving programs and materials false 5000 -5000 Tree9 Films LLC 77 Grand Circle Dr Maryland Heights MO 63043 Production of Fundraising films false 23714 -23714 Campbell & Company One East Wacker Dr Suite 2100 Chicago IL 60601 Case development and communications services in support of fundraising campaign false 47780 -47780 Larry Charlston 807A Wind Rivers Dr Grafton IL 62037 Video production to support fundraising false 7000 -7000 0 83494 -83494 CA CO CT DE DC FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SC SD TN TX UT VT VA AR WA WV WI WY true The Cedars Camps 19772 Sugar Drive Lebanon MO 655367673 440663883 501(c)(3) 10000 Help Organization in assisting Principia students during Summer break 1 0 GRANTS & SCHOLARSHIPS 665 15599405 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. PRINCIPIA DISTRIBUTES GRANT AND SCHOLARSHIP FUNDS ONLY TO STUDENTS WHO APPLY THROUGH AN OFFICIAL FINANCIAL AID PROCESS. ALL GRANTS AND SCHOLARSHIPS ARE APPLIED TO THE STUDENT'S PRINCIPIA ACCOUNT TO OFFSET TUITION, ROOM, BOARD AND FEES. ALL GRANTS AND SCHOLARSHIPS ARE FROM INSTITUTIONAL FUNDS. X X X X X false false X X X true false false false false false false false false Marshall Ingwerson Chief Executive 258036 0 0 0 66582 0 19500 0 8605 0 352723 0 0 0 D DOUGLAS GIBBS CFO (through January 2019) 180020 0 0 0 4918 0 13635 0 6771 0 205344 0 0 0 Lee Barron General Counsel 218686 0 0 0 8738 0 16748 0 11156 0 255328 0 0 0 HOWARD E BERNER JR CHIEF INVESTMENT OFFICER 253734 0 0 0 6881 0 18114 0 8862 0 287591 0 0 0 Barbara Blackwell Chief Advancement Officer 161904 0 0 0 1491 0 12386 0 23355 0 199136 0 0 0 EDWARD MCCARTY ASSISTANT SECRETARY 117998 0 0 0 597 0 9037 0 38495 0 166127 0 0 0 KAREN B DEARBORN ASSISTANT SECRETARY (through 9/20/18) 113765 0 0 0 73202 0 9455 0 4138 0 200560 0 0 0 PETER ALAN STEVENS ASSISTANT SECRETARY (through 9/20/18) 125952 0 0 0 63774 0 10639 0 3987 0 204352 0 0 0 Charles T Brantingham HEAD OF SCHOOL 215276 0 0 0 6659 0 16286 0 147988 0 386209 0 0 0 Jolanda Westerhof College President (beginning March 2018) 168909 0 0 0 54782 0 3385 0 66731 0 293807 0 0 0 Peter Dry Assistant Head of School 147139 0 0 0 1717 0 11363 0 57258 0 217477 0 0 0 Jordan Poznick Director of Recruiting 108695 0 0 0 4284 0 8250 0 40176 0 161405 0 0 0 Joseph M Ritter College Provost (thru June 2018) 89612 0 0 0 16413 0 7766 0 3189 0 116980 0 0 0 Jonathan W Palmer College President (thru March 2018) 119519 0 0 0 3802 0 8991 0 21807 0 154119 0 0 0 Schedule J, Part I, Line 1a Travel for companions OCCASIONALLY, THE CHIEF EXECUTIVE, COLLEGE PRESIDENT OR HEAD OF SCHOOL MAY INCLUDE A SPOUSE OR FAMILY MEMBER ON BUSINESS TRAVEL WHEN THE PRESENCE OF THAT INDIVIDUAL IS DEEMED TO BENEFIT PRINCIPIA. THE INDIVIDUAL MAY ASSIST THE EMPLOYEE WITH BUSINESS RELATED ACTIVITIES AND INTERACT WITH POTENTIAL DONORS. THE VALUE OF THIS TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. Schedule J, Part I, Line 1a Discretionary spending account Beginning March 1, 2018, the College President was provided with a discretionary spending account under which payment requests were not accompanied by substantiation. Such payments totaled $11,000 in calendar 2018. This amount was treated as taxable compensation to the College President and is included in column B (iii) of Part II. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE RESIDENCES PROVIDED TO THE COLLEGE PRESIDENT AND HEAD OF SCHOOL ARE ALSO USED TO HOST STUDENT ACTIVITIES AND MEETINGS. THE COLLEGE PRESIDENT AND HEAD OF SCHOOL ARE REQUIRED TO LIVE IN THESE RESIDENCES IN ORDER TO FULFILL THEIR DUTIES. THE ESTIMATED VALUES OF THESE BENEFITS ARE INCLUDED IN COLUMN D OF PART II AND WERE NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. THE CHIEF EXECUTIVE WAS PROVIDED EACH MONTH WITH A $5,000 HOUSING ALLOWANCE. THE TOTAL BENEFIT OF $60,000 FOR CALENDAR YEAR 2018 WAS TREATED AS TAXABLE COMPENSATION TO THE CHIEF EXECUTIVE AND IS INCLUDED IN COMUMN B (iii) OF PART II. Schedule J, Part I, Line 1a Health or social club dues or initiation fees ATHLETIC CLUB DUES WERE REIMBURSED TO THE HEAD OF SCHOOL TOTALLING $6,169 FOR CALENDAR 2018. THIS AMOUNT WAS TREATED AS TAXABLE COMPENSATION TO THE HEAD OF SCHOOL AND IS INCLUDED IN COMUMN B (iii) OF PART II. Schedule J, Part I, Line 1a Personal services THE FACILITIES DEPARTMENT PROVIDES HOUSEKEEPING SERVICES AT THE PRESIDENT AND HEAD OF SCHOOL RESIDENCES, SINCE THESE LOCATIONS ARE USED TO HOST STUDENT ACTIVITIES AND MEETINGS, AS WELL AS EMPLOYEE AND DONOR EVENTS. THE ESTIMATED VALUES OF SUCH SERVICES ARE INCLUDED IN COLUMN D OF PART II AND WERE NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses PRINCIPIA FOLLOWS A WRITTEN POLICY REGARDING PAYMENT, REIMBURSEMENT, OR PROVISION OF ALL OF THE EXPENSES DESCRIBED ABOVE WITH THE EXCEPTION OF THE DISCRETIONARY SPENDING ACCOUNT PROVIDED TO THE COLLEGE PRESIDENT. THAT BENEFIT WAS APPROVED BY THE CHIEF EXECUTIVE, AFTER CONSIDERATION OF THE PURPOSE OF THE EXPENDITURES. Schedule J, Part I, Line 4a Severance or change-of-control payment Karen Dearborn, formerly Vice President of Administration, was granted severance payments totaling $241,411, of which $56,472 was paid in calendar 2018. Remaining payments of $158,519 and 26,420 are to be paid in calendar 2019 and 2020, respectively. Peter Stevens, formerly Vice President of External Affairs, was granted severance payments totaling $173,333, of which $43,333 was paid in calendar 2018. Remaining payments of $130,000 are to be paid in calendar 2019. A VILLAGE OF ELSAH JERSEY COUNTY ILLINOIS 376037763 2006-02-01 10000000 CONSTRUCTION false false false B VILLAGE OF ELSAH JERSEY COUNTY ILLINOIS 376037763 2005-09-01 10000000 CONSTRUCTION false false false A 2190697 0 10000000 0 0 0 50896 0 0 9949104 0 0 2008 false false true true B 2190698 0 10000000 0 0 0 98217 0 0 9901783 0 0 2007 false false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false true true true BANK OF AMERICA 30.0 true false false false true B false true true true BANK OF AMERICA 30.0 true false false false true A true B true Schedule K, Part IV, Line 2c COLUMN A Issuer name: VILLAGE OF ELSAH, JERSEY COUNTY, ILLINOIS The calculation for computing no rebate due was performed on 10/13/2008 Schedule K, Part IV, Line 2c COLUMN B Issuer name: VILLAGE OF ELSAH, JERSEY COUNTY, ILLINOIS The calculation for computing no rebate due was performed on 10/13/2008 See Part V 151232 Merit scholarships Assist students who have outstanding academic dredentials See Part V 52834 Need-based grants Assist students who have inadequate financial resources See Part V 97412 Staff discount Assist dependents of eligible employees John Dearborn son of Karen Dearborn (officer) 71245 COMPENSATION & BENEFITS false Hannah Brantingham spouse of Charles T Brantingham (Head of School) 50143 COMPENSATION AND BENEFITS false Linda Hannan SISTER OF KAREN DEARBORN (OFFICER) 72635 COMPENSATION AND BENEFITS false Karen Grayson spouse of Lee Barron (General Counsel) 13690 COMPENSATION false Samuel M Barron son of Lee Barron (General Counsel) 47947 COMPENSATION AND BENEFITS false Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS COLLEGES, UNIVERSITIES AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY HAVE PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCH L, PART III, COLUMNS (A) AND (B) HAVE BEEN LEFT BLANK. X 18 430559 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Form 990, Part III, Line 4d Description of other program services (Expenses $ 5,970,338 including grants of $)(Revenue $ 1,238,499) OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT Form 990, Part VI, Line 2 Family/business relationships amongst interested persons All Directors-See Schedule O - Business relationship, Steve Dewindt, Trustee and Robert J MacDonald, Secretary - Business relationship Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Principia Administrative Corporation (a Missouri Nonprofit Corporation) may select (by a majority vote of its directors) members of the governing board of The Principia Corporation. The Principia Administrative Corporation may remove members of the governing board of The Principia Corporation by a two-thirds vote of its directors. The purposes for which The Principia Administrative Corporation is organized are exclusively charitable, scientific, religious and educational. Form 990, Part VI, Line 11b Review of form 990 by governing body AFTER PRINCIPIA'S ASSISTANT CHIEF FINANCIAL OFFICER PREPARES THE 990 RETURN, IT IS REVIEWED BY THE FIRM OF CROWE LLP. AFTER REVIEW, THE 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR FURTHER REVIEW AND COMMENT. IF ANY CHANGES ARE NEEDED, THEY ARE MADE AND THEN THE RETURN IS SENT TO THE ENTIRE BOARD PRIOR TO ELECTRONICALLY SUBMITTING IT TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST STATEMENTS ARE ANNUALLY SUBMITTED TO THE OFFICE OF THE CHIEF FINANCIAL OFFICER BY TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THESE STATEMENTS ARE REVIEWED BY THE ASSISTANT CHIEF FINANCIAL OFFICER FOR THE PURPOSES OF 1) IDENTIFYING POTENTIAL OR ACTUAL CONFLICTS OF INTEREST, AND 2) ASSURING THAT TRANSACTIONS INVOLVING POTENTIAL OR ACTUAL CONFLICTS ARE PROPERLY DISCLOSED. IF CONFLICTS ARE DETERMINED TO EXIST, THE ASSISTANT CHIEF FINANCIAL OFFICER WILL NOTIFY THE CHAIR OF THE AUDIT COMMITTEE OR THE CHAIR OF THE BOARD OF TRUSTEES, WHO WILL INFORM THE PARTY IN QUESTION THAT IT WOULD BE APPROPRIATE FOR THAT INDIVIDUAL TO REFRAIN FROM DISCUSSIONS OR VOTES INVOLVING THE IDENTIFIED CONFLICT Form 990, Part VI, Line 15a Process to establish compensation of top management official PRINCIPIA USES A BENCHMARK SYSTEM WHEREBY SALARIES ARE ANNUALLY ESTABLISHED AFTER REVIEWING WAGE DATA FOR COMPARABLE INSTITUTIONS. THIS BENCHMARK REVIEW PROCESS IS COMPLETED BY HUMAN RESOURCES. PRINCIPIA'S CHIEF EXECUTIVE RECEIVES THE SAME PERCENTAGE OR DOLLAR INCREASE THAT IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES FOR ALL PRINCIPIA EMPLOYEES. PRIOR TO GRANTING ADDITIONAL COMPENSATION TO THE CHIEF EXECUTIVE, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABLE BENCHMARK DATA PROVIDED BY HUMAN RESOURCES OR OUTSIDE CONSULTANTS AND DOCUMENTS ANY RECOMMENDATION CONCERNING ADDITIONAL COMPENSATION IN THEIR MEETING MINUTES. Form 990, Part VI, Line 15b Process to establish compensation of other employees PRINCIPIA USES A BENCHMARK SYSTEM WHERE ANNUALLY SALARIES ARE SET AFTER REVIEWING WAGE DATA FOR COMPARABLE INSTITUTIONS. THIS BENCHMARK REVIEW PROCESS IS COMPLETED BY HUMAN RESOURCES. WITH RESPECT TO OFFICERS AND KEY EMPLOYEES, ANY PROPOSED ANNUAL SALARY CHANGES ARE MADE BY HUMAN RESOURCES AND REVIEWED/APPROVED BY THE CHIEF EXECUTIVE AND THE BOARD IF APPROPRIATE. Form 990, Part VI, Line 19 Required documents available to the public PRINCIPIA MAKES THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING BOARD BYLAWS ARE POSTED ON PRINCIPIA'S WEBSITE. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All other revenue - Total Revenue: 973702, Related or Exempt Function Revenue: 973702, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of beneficial interests in trusts held by others - 1638669; Change in value of perpetual trusts held by third party trustees - 294403; Change in value of split interest agreements - -134425; Change in value of interest rate swap - -684395; Form 990, Part VI, Section A, Line 2 Family and Business Relationships Form 990, Part VI, Section A, Line 2 is answered yes as Each of the directors listed at Part VII, Section A serves as a director of a related organization for the same term length. PRINCIPIA HOLDINGS LLC 13201 CLAYTON ROAD ST LOUIS MO 63131 INVESTING MO 56788 682864 PRINCIPIA CORPORATION PRINCIPIA COLLEGE COMMUNICATIONS 13201 CLAYTON ROAD ST LOUIS MO 63131 431538094 SUPPORTING ORGANIZATION MO 501(c)(3) Type I PRINCIPIA CORPORATION true STICHTING FRED M VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION SUPPORTING ORGANIZATION NL PRINCIPIA CORPORATION false PRINCIPIA CLUBS 13201 CLAYTON ROAD SAINT LOUIS MO 63131 431438110 GROUP PARENT MO 501(c)(3) 10 PRINCIPIA CORPORATION true COREST CV REAL ESTATE NL NA Related false false 0 CORDSTRAP MANAGEMENT BV NOBELSTRAAT 1 OOSTRUM GA OOSTRUM, GA NL NL5807 R&D & MKTG NL NA C Corporation CORDSTRAP BV BOSMANSKAMP 25 GERLDERMALSEN GELDERMALSEN, MS NL NL4191 R&D & MFG NL NA C Corporation CORDSTRAP GMBH TACKWEG 41 TONISVORST TONISVORST GM D47918 MKTG&SALES&DI GM NA C Corporation CORDSTRAP (MIDDLE EAST) LIMITED SAVVIDES MONARCH CENTER 59-61 ACROPOLEOS AVE NICOSIA ACROP NICOSIA CY 5961 MKTG&SALES&DI CY NA C Corporation CORDSTRAP MALAYSIA SDN BHD NO 28 JALAN KASUARINA 12 BDR ABG BANDAR AMBANG BOTANIC KLANG SELANGOR MY 41200MY MKTG&SALES&DI MY NA C Corporation CORDSTRAP MEXICO SA DE CV COL VALLE DEL CAMPESTRE GARZA GARCIA N.L. 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VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION IS AN EXEMPT ENTITY ORGANIZED IN THE NETHERLANDS. IT HAS NO U.S. SOURCED INCOME AND NO U.S. FILING REQUIREMENT.