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The Principled Academy Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$158k (2023)

Expenses
$391k (2023)

Total Assets
$687k (2023)

Total Liabilities
$3.62k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$157,832
Expenses
$390,707
Net Income
-$232,875
Net Assets
$683,132
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,850
17.0%
Program Services $146,103
92.6%
Investment Income $3,482
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$82
Sales of Assets -$18,521
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $75,000
19.2%
Professional Fundraising Fees $0
Other Salaries and Wages $180,370
46.2%
Assets/Debt
Total Assets $686,751
Total Liabilities $3,619
Net Assets $683,132
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Isaac Durst (Head Of School) $75,000 $0 $750
Dr Mose Durst (Director President Teacher) $0 $0 $0
Kristina Seher (Director Secretary) $0 $0 $0
Alan Seher (Director Treasurer Vice President) $0 $0 $0
Noah Ross (Director) $0 $0 $0
Matthew Morrison (Director) $0 $0 $0
Kevin Thompson (Director) $0 $0 $0
Steven Jares (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,191,889
Expenses
$1,216,232
Net Income
-$24,343
Net Assets
$872,028
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,682
5.4%
Program Services $1,109,749
93.1%
Investment Income $8,259
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,717
0.1%
Sales of Assets $7,482
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $99,750
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $778,477
64.0%
Assets/Debt
Total Assets $924,080
Total Liabilities $52,052
Net Assets $872,028
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Isaac Durst (Head Of School) $78,750 $0 $788
Dr Mose Durst (Director President Teacher) $21,000 $0 $210
Kristina Seher (Director Secretary) $0 $0 $0
Alan Seher (Director Treasurer Vice President) $0 $0 $0
Noah Ross (Director) $0 $0 $0
Matthew Morrison (Director) $0 $0 $0
Kevin Thompson (Director) $0 $0 $0
Steven Jares (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$914,100
Expenses
$1,021,838
Net Income
-$107,738
Net Assets
$958,804
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,552
6.7%
Program Services $817,734
89.5%
Investment Income $6,496
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $345
0.0%
Sales of Assets $27,973
3.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,000
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $660,085
64.6%
Assets/Debt
Total Assets $1,106,715
Total Liabilities $147,911
Net Assets $958,804
Compensation
Key Employees and Officers Compensation Related Other
Isaac Durst (Head Of School) $75,000 $0 $750
Dr Mose Durst (Director President Teacher) $20,000 $0 $200
Kristina Seher (Director Secretary) $0 $0 $0
Alan Seher (Director Treasurer Vice President) $0 $0 $0
Noah Ross (Director) $0 $0 $0
Matthew Morrison (Director) $0 $0 $0
Kevin Thompson (Director) $0 $0 $0
Steven Jares (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,156,931
Expenses
$1,027,899
Net Income
$129,032
Net Assets
$1,015,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $217,612
18.8%
Program Services $911,631
78.8%
Investment Income $4,213
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $11,270
1.0%
Sales of Assets $12,205
1.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,000
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $665,799
64.8%
Assets/Debt
Total Assets $1,135,641
Total Liabilities $119,850
Net Assets $1,015,791
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Isaac Durst (Head Of School) $75,000 $0 $750
Dr Mose Durst (Director President Teacher) $20,000 $0 $200
Kristina Seher (Director Secretary) $0 $0 $0
Alan Seher (Director Treasurer Vice President) $0 $0 $0
Noah Ross (Director) $0 $0 $0
Matthew Morrison (Director) $0 $0 $0
Kevin Thompson (Director) $0 $0 $0
Steven Jares (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,046,052
Expenses
$986,342
Net Income
$59,710
Net Assets
$897,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,618
5.2%
Program Services $964,284
92.2%
Investment Income $4,649
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,598
1.2%
Sales of Assets $9,903
0.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $20,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $697,202
70.7%
Assets/Debt
Total Assets $1,012,611
Total Liabilities $115,377
Net Assets $897,234

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,044,210
Expenses
$948,377
Net Income
$95,833
Net Assets
$827,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $66,630
6.4%
Program Services $943,589
90.4%
Investment Income $4,181
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,877
1.3%
Sales of Assets $15,933
1.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $23,133
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $676,347
71.3%
Assets/Debt
Total Assets $933,616
Total Liabilities $106,350
Net Assets $827,266

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$981,601
Expenses
$1,050,466
Net Income
-$68,865
Net Assets
$716,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,608
5.8%
Program Services $915,473
93.3%
Investment Income $3,944
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $5,576
0.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,177
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $725,753
69.1%
Assets/Debt
Total Assets $831,728
Total Liabilities $115,096
Net Assets $716,632

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$999,882
Expenses
$1,054,281
Net Income
-$54,399
Net Assets
$750,116
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,894
7.5%
Program Services $922,690
92.3%
Investment Income $2,298
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $67,037
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $682,713
64.8%
Assets/Debt
Total Assets $866,909
Total Liabilities $116,793
Net Assets $750,116

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending July
2015

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$877,788
Expenses
$926,747
Net Income
-$48,959
Net Assets
$811,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,932
6.5%
Program Services $818,677
93.3%
Investment Income $2,179
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $205,417
22.2%
Professional Fundraising Fees $0
Other Salaries and Wages $474,408
51.2%
Assets/Debt
Total Assets $913,007
Total Liabilities $101,969
Net Assets $811,038

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$807,023
Expenses
$819,588
Net Income
-$12,565
Net Assets
$806,418
Notable Sources of Revenue Percent of Total Revenue
Contributions $78,346
9.7%
Program Services $728,677
90.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $169,653
20.7%
Professional Fundraising Fees $0
Other Salaries and Wages $469,967
57.3%
Assets/Debt
Total Assets $835,824
Total Liabilities $29,406
Net Assets $806,418

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$872,518
Expenses
$767,231
Net Income
$105,287
Net Assets
$818,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,825
7.1%
Program Services $810,039
92.8%
Investment Income $654
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $188,225
24.5%
Professional Fundraising Fees $0
Other Salaries and Wages $424,149
55.3%
Assets/Debt
Total Assets $828,977
Total Liabilities $9,994
Net Assets $818,983

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$764,194
Expenses
$751,186
Net Income
$13,008
Net Assets
$721,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,131
9.7%
Program Services $689,910
90.3%
Investment Income $153
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $180,417
24.0%
Professional Fundraising Fees $0
Other Salaries and Wages $397,115
52.9%
Assets/Debt
Total Assets $729,903
Total Liabilities $8,601
Net Assets $721,302

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$745,116
Expenses
$665,335
Net Income
$79,781
Net Assets
$768,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,804
5.5%
Program Services $704,159
94.5%
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $137
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $160,208
24.1%
Professional Fundraising Fees $0
Other Salaries and Wages $377,091
56.7%
Assets/Debt
Total Assets $772,246
Total Liabilities $3,656
Net Assets $768,590

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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