2017-04-07T11:00:08-05:00 2016-06-30 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2015-07-01 430652667 Principia Corporation PRIN 3144342100 13201 Clayton Road St Louis MO 63131 D DOUGLAS GIBBS VP of Finance and Operations 2017-01-09 true Nicole Bencik P00756195 3128997000 2015 2017-02-10 21:41:12Z Jonathan Palmer 13201 Clayton Road St Louis MO 63131 232234687 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. 13 13 1424 591 1577435 -1172915 18930612 15732945 27542413 28666303 41643325 29672003 1372838 1020994 89489188 75092245 16514280 15967672 0 37291531 39718235 0 4246282 27402346 30433304 81208157 86119211 8281031 -11026966 796108407 807818630 48055729 54097564 748052678 753721066 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 36640987 15967672 18657238 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 450-500 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 95 PERCENT OF GRADUATING SENIORS GO ON TO COLLEGE. THE UPPER SCHOOL OFFERS 21 HONORS/AP CLASSES. 80% OF STUDENTS WHO TOOK THE AP EXAMS IN THE 2014-15 SCHOOL YEAR SCORED 3 OR ABOVE ON A SCALE OF 1 TO 5. 31 STATES AND 20 COUNTRIES ARE REPRESENTED AMONG THE STUDENTS. 59% OF UPPER SCHOOL FACULTY HOLD ADVANCED DEGREES. 15060045 11051441 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 50% 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. 11816234 0 0 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. 6955843 OTHER: OTHER SERVICES, INCLUDING ACADEMIC SUPPORT 6955843 70473109 true true false false false false false false false true true true false true true true true false true false true false false false false false false true true true true false false false false false true true true true false true false false false true true true true false false true 1356 0 true 1424 true true true true BR CH CY EZ FR IN EI LG MY MX NL PL SN SP TH UK SF false false false false false false false false X 13 13 true false true false false false true true true false false true true true true true true true true false CO IL MD MA NV NH NY OH OK OR SC WA WI X D Douglas Gibbs 3145143104 13201 Clayton Road St Louis MO 63131 Meridee K Olsen Chair (Begin 4-24-16) Treasurer (Thru 4-23-16) 5.0 X X 0 0 0 Catherine A Raffles Chair (Thru 4-23-16) 5.0 X X 0 0 0 William Flatley Vice Chair 5.0 X X 0 0 0 Charles Lindahl Secretary 5.0 X X 0 0 0 Allan Marquardt Treasurer (From 4-24-16) 5.0 X X 0 0 0 Robert J Macdonald Officer At-Large (from 4-24-16) 5.0 X X 0 0 0 Lori Biesterfeldt Trustee 5.0 X 0 0 0 Glen H Cope Trustee (Beginning 4-21-16) 5.0 X 0 0 0 John D Friborg Trustee 5.0 X 0 0 0 Janna Lowe Hernholm Trustee 5.0 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 (Beginning 4-21-16) 5.0 X 0 0 0 David J Anable Trustee (Thru 1-31-16) 5.0 X 0 0 0 Heidi Brooks Bradley Trustee (From 10-22-15 thru 1-27-16) 5.0 X 0 0 0 Robert B Schwentker Trustee (Thru 4-23-16) 5.0 X 0 0 0 JONATHAN W PALMER CHIEF EXECUTIVE & COLLEGE PRES 40.0 X 294282 0 83647 HOWARD E BERNER JR CHIEF INVESTMENT OFFICER 40.0 X 236735 0 23669 D DOUGLAS GIBBS CHIEF FINANCIAL OFFICER 40.0 X 156695 0 12291 KAREN B DEARBORN ASSISTANT SECRETARY 40.0 X 143459 0 7686 LAWRENCE EDWIN HARRISON JR ASSISTANT SECRETARY 40.0 X 86167 0 9372 EDWARD MCCARTY ASSISTANT SECRETARY 40.0 X 107194 0 31263 PETER ALAN STEVENS ASSISTANT SECRETARY 40.0 X 172204 0 18216 JOSEPH M RITTER DEAN OF ACADEMICS 40.0 X 165241 0 46427 Charles T Brantingham School Principal 40.0 X 157165 0 134766 Peter Dry Dean of Innovation and Academics 40.0 0.0 X 130085 0 51858 Libby Scheiern Assistant Dean of Academics 40.0 X 116139 0 11163 DONNA GIBBS DIRECTOR OF ALUMNI & FIELD RELATIONS 40.0 X 105556 0 16280 Christopher Hufford IT Director 40.0 X 102548 0 16070 James Hegarty Director of Academic Special Programs 40.0 X 101519 0 14899 Julie Sanderude Former Trustee 10.0 X 13805 0 0 2088794 0 477607 13 true true true SAGE Dining Services Inc 1402 York Rd Ste 100 Lutherville MD 21093 Food and Food Services 1162534 Wegman Electric Co PO box 438 East Alton IL 62024 Construction services 1106062 SYSCO St Louis LLC 3850 Mueller St Charles MO 63301 Food and food services 861546 Helmkamp Construction Co 1 Helmkamp Dr PO box 319 Wood River IL 62095 Construction Services 779378 Global Travel Alliance Inc 13796Bridewater Crossings Blvd Ste 1120 Windemere FL 34786 Trip booking and travel assistance 556893 36 X 15732945 4483616 15732945 Tuition and fees 900099 18773030 18773030 Auxiliary enterprises 900099 8514245 8514245 Fees for non-academic credit offerings 900099 1379028 1379028 0 0 0 0 28666303 12179983 1577435 10602548 892330 913712 -21382 0 -21382 -21382 173720750 156228730 17492020 0 17492020 17492020 Credit card purchase rebates 900099 104972 104972 Insurance rebate 900099 93044 93044 Child care chrged to employees 900099 84341 84341 760019 760019 0 0 1042376 75092245 29708679 1577435 28073186 10000 10000 15957672 15957672 1693379 415149 1101871 176359 426345 194592 58351 173402 28246065 22551394 3618385 2076286 1728260 1381626 218997 127637 5498689 4195309 894746 408634 2125497 1680580 266281 178636 2465777 1580745 555912 329120 317430 96 306296 11038 381707 381707 2920271 2814155 94190 11926 671238 342485 118903 209850 537801 122093 304026 111682 1516847 351742 1135188 29917 1509518 1444251 60380 4887 4114356 3727637 127894 258825 419578 342742 40904 35932 655893 655893 8613154 8314270 274618 24266 829761 12293 817468 FOOD 1279891 1236324 30182 13385 SUPPLIES & EQUIPMENT 2835614 2633821 159590 42203 BOOKSTORE 252454 252454 BAD DEBT 198305 203880 -8596 3021 913709 707799 186634 19276 86119211 70473109 11399820 4246282 3483379 6673058 4217450 7249294 134172 113785 2184 728 895 900 10656119 10481649 228136 206737 548670 813767 227376069 117814277 109142979 109561792 206847652 191157096 425869624 407228659 0 34977147 74331165 796108407 807818630 3947923 4988927 0 0 17861535 17344409 0 5000000 26246271 26764228 48055729 54097564 X 375424230 343129059 157239242 139079862 215389206 271512145 748052678 753721066 796108407 807818630 X -11026966 -27161274 43856628 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 543343659 1216502 47586016 18205960 26105584 547834633 563667387 10695188 12044690 17407937 25655669 543343659 507871510 10957847 86228777 15106139 26284608 0 563667387 458255048 29035261 62232437 15267620 26383616 0 507871510 497759124 8057140 -3878275 14563211 29119730 0 458255048 0.354 0.464 0.182 false true true 740991 740991 176233651 89029927 87203724 46070090 28784350 17285740 4331337 4331337 109561792 GENERAL and LIMITED PARTNERSHIPS 853338 F REAL ESTATE 247667 F DISTRESSED DEBT 14148834 F PRIVATE EQUITIES 78882849 F OIL & GAS RIGHTS 432628 F HEDGE FUNDS 152240158 F REAL ASSET FUNDS 40945885 F BOND AND STOCK FUNDS 119477300 F 407228659 Other 209242 Beneficial interests in trusts held by others 20052414 Perpetual trusts held by third party trustees 8902723 Equity interest in foreign support foundation 45166786 74331165 INTEREST RATE SWAP LIABILITY 4011891 DEPOSITS AND OTHER 682252 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 15368778 CONDITIONAL ASSET RETIREMENT OBLIGATION 6701307 26764228 X 32341002 -27161274 913712 -26247562 58588564 546009 15957672 16503681 75092245 70529242 913712 913712 69615530 546009 15957672 16503681 86119211 Schedule D, Part V, Line 1c Line 1c includes $45,574,068 representing an increase in the endowment due to a change in the method of accounting for an equity interest in a foreign support entity. This line also includes $(1,623,545) due to a change in the method of reporting pledges related to endowment funds. Schedule D, Part V, Line 1d Column b for Line 1d has been changed to reflect correction of a computational error that was discovered after filing the prior year Form 990 Schedule D, Part V, Line 1e Column b for Line 1e has been changed to reflect correction of an error (equal and offsetting to the error on Line 1d). 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, 2016, 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 - 913712 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 - 15957672 - - - - 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 - 913712 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) - 15957672 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 198853 East Asia and the Pacific 0 0 Program Services STUDENT AND FACULTY STUDY 115781 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT AND FACULTY STUDY 1187458 Central America and the Caribbean 0 0 Investments 105538000 Europe (Including Iceland and Greenland) 0 0 Investments 11098000 North America (Canada & Mexico only) 0 0 Investments 819000 North America (Canada & Mexico only) 0 0 Program Services STUDENT AND FACULTY STUDY 19316 South America 0 0 Program Services Student and Faculty study 66136 Sub-Saharan Africa 0 0 Program Services Student study 153177 Middle East and North Africa 0 0 Program Services Student study 9284 0 0 0 0 0 0 119205005 0 119205005 true false true true true false true A Spring of Hope 7741 NW 39th Ave Coconut Creek FL 330733130 260851887 501(c)(3) 10000 To provide funds for drilling a water well related to the Upper School outreach project in Simunye, South Africa 1 0 GRANTS & SCHOLARSHIPS 716 15957672 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.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 true true X X X X X false false false false false false false false false JONATHAN W PALMER CHIEF EXECUTIVE & COLLEGE PRES 276362 0 0 0 17920 0 18967 0 64680 0 377929 0 0 0 HOWARD E BERNER JR CHIEF INVESTMENT OFFICER 233472 0 0 0 3263 0 17584 0 6085 0 260404 0 0 0 D DOUGLAS GIBBS CHIEF FINANCIAL OFFICER 155220 0 0 0 1475 0 11662 0 629 0 168986 0 0 0 KAREN B DEARBORN ASSISTANT SECRETARY 141021 0 0 0 2438 0 2820 0 4866 0 151145 0 0 0 PETER ALAN STEVENS ASSISTANT SECRETARY 168505 0 0 0 3699 0 12683 0 5533 0 190420 0 0 0 JOSEPH M RITTER DEAN OF ACADEMICS 161130 0 0 0 4111 0 12163 0 34264 0 211668 0 0 0 Charles T Brantingham School Principal 155512 0 0 0 1653 0 11777 0 122989 0 291931 0 0 0 Peter Dry Dean of Innovation and Academics 130085 0 0 0 0 0 2253 0 49605 0 181943 0 0 0 Julie Sanderude Former Trustee 13805 0 0 0 0 0 0 0 0 0 13805 0 0 0 Schedule J, Part I, Line 1a Travel for companions OCCASIONALLY A SPOUSE MAY TRAVEL WITH THE COLLEGE PRESIDENT OR SCHOOL PRINCIPAL WHEN THE SPOUSE'S PRESENCE BENEFITS PRINCIPIA. THE SPOUSE ASSISTS THE EMPLOYEE WITH BUSINESS RELATED ACTIVITIES AND INTERACTS WITH POTENTIAL DONORS. THE VALUE OF THIS TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE RESIDENCES PROVIDED TO THE COLLEGE PRESIDENT AND SCHOOL PRINCIPAL ARE REGULARLY USED TO HOST STUDENT ACTIVITIES AND MEETINGS. THE COLLEGE PRESIDENT AND SCHOOL PRINCIPAL ARE REQUIRED TO LIVE IN THESE RESIDENCES IN ORDER TO FULFILL THEIR DUTIES. THE ESTIMATED VALUE OF THE BENEFIT IS INCLUDED IN COLUMN D OF PART II AND WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. Schedule J, Part I, Line 1a Personal services THE FACILITIES DEPARTMENT PROVIDES HOUSEKEEPING SERVICES AT THE PRESIDENT AND SCHOOL PRINCIPAL RESIDENCES, SINCE THESE LOCATIONS ARE REGULARLY USED TO HOST STUDENT ACTIVITIES AND MEETINGS, AS WELL AS EMPLOYEE AND DONOR EVENTS. THE ESTIMATED VALUE OF SUCH SERVICES IS INCLUDED IN COLUMN D OF PART II AND WAS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. 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 1327795 0 10000000 0 0 0 50896 0 0 9949104 0 0 2008 false false true true B 1327796 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 Rebate Calculation ISSUER NAME; VILLAGE OF ELSAH, JERSEY COUNTY, ILLINOIS THE CACLUATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 10/13/2008 Schedule K, Part IV, Line 2c REBATE CALCULATION 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 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 Jane Harrison Spouse of officer Purchase computer X 2912 728 false false true Kristyn Gibbs Daughter of Chief Financial Officer Salary advance X 900 900 false false true 1628 See Part V 89510 Merit scholarships Aid students w/outstanding credentials See Part V 7000 Need-based grants Aid for students with financial need See Part V 102225 Staff discount Aid provided to eligible employees DOROTHY HALVERSON SISTER OF LAWRENCE HARRISON (ASSISTANT SECRETARY) 122235 COMPENSATION & BENEFITS false JANE HARRISON SPOUSE OF LAWRENCE HARRISON (ASSISTANT SECRETARY) 72357 COMPENSATION & BENEFITS false REBECCA STEVENS SPOUSE OF PETER STEVENS (ASSISTANT SECRETARY) 26861 COMPENSATION & BENEFITS false KATHERINE BETZLER DAUGHTER OF JONATHAN PALMER (CEO) 51082 COMPENSATION & BENEFITS false KRISTYN GIBBS DAUGHTER OF DOUGLAS GIBBS (CFO) 58351 COMPENSATION & BENEFITS false DONNA GIBBS SPOUSE OF DOUGLAS GIBBS (CFO) 122320 COMPENSATION & 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 26 466016 Market value X 2 4007600 Market value X 1 10000 Market value 2 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - : Number of contributions Securities - Closely held stock - : Number of contributions Real estate - Other - Unimproved lot in Brevard County, Florida: Number of contributions Form 990, Part III, Line 4d Description of other program services (Expenses $ 6,955,843 including grants of $) 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 Form 990, Part VI, Line 4 Significant changes to organizational documents On October 23, 2015, the Articles of Incorporation of The Principia Corporation were amended. The amended articles assign to the directors of Principia Administrative Corporation (a Missouri Nonprofit Corporation) the authority to elect and/or remove members of the Board of Trustees of The Principia Corporation. The purposes for which Principia Administrative Corporation is organized are exclusively charitable, scientific, religious and educational. 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 CONTROLLER PREPARES THE 990 RETURN, IT IS REVIEWED BY PRINCIPIA'S CFO AND THE FIRM OF CROWE HORWATH. 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 CHIEF FINANCIAL OFFICER AND CONTROLLER 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 CONTROLLER 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: 760019, Related or Exempt Function Revenue: 760019, 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 - 377749; Change in value of perpetual trusts held by third party trustees - -344487; Change in value of split interest agreements - -703127; Change in value of interest rate swap - -1047576; Change due to method of presentation of equity interest in foreign support foundation - 45574069; 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 49468 649015 PRINCIPIA CORPORATION PRINCIPIA COLLEGE COMMUNICATIONS 13201 CLAYTON ROAD ST LOUIS MO 63131 431538094 SUPPORTING ORGANIZATION MO 501(c)(3 Type I N/A true STICHTING FRED M VAN ECK SUPPORT FOUNDATION FOR THE PRINCIPIA CORPORATION PO BOX 5155 GD OOSTRUM NL NL5750 SUPPORTING ORGANIZATION NL PRINCIPIA CORPORATION false COREST CV NOBELSTRAAT 1 NL NL NL5807 REAL ESTATE NL NA Related 0 0 false 0 false 0.0 CORDSTRAP MANAGEMENT BV NOBELSTRAAT 1 OOSTRUM GA OOSTRUM, GA NL NL5807 R&D & MKTG NL NA C Corporation CORDSTRAP WEAVING 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.