First Principles Inc.

990EZ • Fiscal year 2014 • EIN 61-1233366

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 01, 2015

Organization Profile N/A

3317 Halls Hill RdCrestwood, KY 40014-9523

(502) 241-5552

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.05x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

-7.5%

Higher net margin than 26% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

$15,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

-8.0%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

-11%

Faster revenue growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets71st percentile

Assets

Down

$50,846

Down $4,420 (-8.0%) from 2013

Net Assets

Down

$48,321

Down $3,054 (-5.9%) from 2013

Liabilities

Down

$2,525

Down $1,366 (-35%) from 2013

Revenue And Expenses

Liabilities / Revenue66th percentile Net Margin26th percentile

Revenue

Down

$171,039

Down $20,608 (-11%) from 2013

Expenses

Down

$183,828

Down $19,798 (-9.7%) from 2013

Net Income

Down

-$12,789

Down $810 (-6.8%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2014

Assets$50,846

Liabilities$2,525

Net Assets$48,321

Open 2014 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2014

Revenue$171,039

Expenses$183,828

Net Income-$12,789

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Jul 1, 2015
Return Version: 2014v5.0
Gross Receipts: $178,966

Mission and Program Overview

Mission

EDUCATION & RESEARCH

Program Services

Description	Grants	Expenses
RESEARCH AND EDUCATION FOR CHARITABLE PURPOSES. EDUCATION REGARDING RESTORING SOCIAL VALUES AND PRINCIPLES INTO OUR SOCIETY	$165,484	$183,828

Compensation and Service Providers

Top Officer Pay81st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
EUNICE VAN WINKLE RAY	President	FT	$15,000	-	$15,000
EMILY SEARS	Director	PT	$10,635	-	$10,635
LES KEPLEY	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: First Principles Inc
EIN: 61-1233366
Phone: 5022415552
Address: 3317 HALLS HILL RD, CRESTWOOD, KY 40014-9523

Signing Officer

Name: Eunice Ray
Title: Executive Director
Phone: 5022415552
Signed: 2015-07-01
Discuss with paid preparer: Yes

Preparer

Firm: William E Chady Psc
Address: 13050 MIDDLETOWN INDUSTRIAL BLVD ST, LOUISVILLE, KY 40223-4756
Preparer: William E Chady
Phone: 5022539610

Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Communications 6522. Project development 8371. Donor development 203. Dues 122. Advertising 351. Membership fee 195. Repairs 8. Computer 942. Contract labor 48255. Donor gifts 700. Finance charge 446. Health costs 7200. General insurance 1628. Meeting 2832. Office 19298. Mileage costs' 123. Panama costs 343. Promotion 258. Research costs 1234. Subscriptions 687. Donations 250. Travel 7703. Depreciation 1920. Amortization 3035. Payroll taxes 5047. Sales and use tax 101. Filing fees 15.”

Form 990EZ, Part II, Line 24

“Accounts receivable - net”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses 3891. 2525.”

Form 990, Part IX, Line 24F

“PRINTING POSTAGE”

Raw XML Appendix150 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/PersonNm	0	EUNICE VAN WINKLE RAY
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	5022415552
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	3317 HALLS HILL RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	CRESTWOOD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	40014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	34006
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	24806
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	165484
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	7927
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-12789
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	1250
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	65001
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	50846
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	5555
IRS990EZ/GamingGrossIncomeAmt	0	0
IRS990EZ/GrossProfitLossSlsOfInvntryAmt	0	0
IRS990EZ/GrossReceiptsAmt	0	178966
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	0
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	30995
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	26040
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MembershipDuesAmt	0	0
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	61110
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	48321
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	61110
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	48321
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	16200
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	15000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	10635
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	EUNICE VAN WINKLE RAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	EMILY SEARS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	LES KEPLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTOR
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	117789
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	EDUCATION & RESEARCH
IRS990EZ/PrintingPublicationsPostageAmt	0	5671
IRS990EZ/ProgramServiceRevenueAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	RESEARCH AND EDUCATION FOR CHARITABLE PURPOSES. EDUCATION REGARDING RESTORING SOCIAL VALUES AND PRINCIPLES INTO OUR SOCIETY
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	165484
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	183828
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	42918
IRS990EZ/SaleOfAssetsGrossAmt	0	13482
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	0
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	KY
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	3891
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	2525
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	183828
IRS990EZ/TotalProgramServiceExpensesAmt	0	183828
IRS990EZ/TotalRevenueAmt	0	171039
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	165484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	189774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	180637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	168682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	179920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	884497
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeCYPct	0	0
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportCY509Pct	0	0
IRS990ScheduleA/PublicSupportPY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	884497
IRS990ScheduleA/PublicSupportTotal509Amt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	165484
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	189774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	180637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	168682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	179920
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	884497
IRS990ScheduleA/TotalSupportAmt	0	884497
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	COMMUNICATIONS 6522. PROJECT DEVELOPMENT 8371. DONOR DEVELOPMENT 203. DUES 122. ADVERTISING 351. MEMBERSHIP FEE 195. REPAIRS 8. COMPUTER 942. CONTRACT LABOR 48255. DONOR GIFTS 700. FINANCE CHARGE 446. HEALTH COSTS 7200. GENERAL INSURANCE 1628. MEETING 2832. OFFICE 19298. MILEAGE COSTS' 123. PANAMA COSTS 343. PROMOTION 258. RESEARCH COSTS 1234. SUBSCRIPTIONS 687. DONATIONS 250. TRAVEL 7703. DEPRECIATION 1920. AMORTIZATION 3035. PAYROLL TAXES 5047. SALES AND USE TAX 101. FILING FEES 15.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	ACCOUNTS RECEIVABLE - NET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	ACCOUNTS PAYABLE & ACCRUED EXPENSES 3891. 2525.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	PRINTING POSTAGE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Form 990, Part IX, Line 24f
ReturnHeader/BuildTS	0	2016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	EUNICE RAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5022415552
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-07-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	FIRST PRINCIPLES INC
ReturnHeader/Filer/BusinessNameControlTxt	0	FIRS
ReturnHeader/Filer/EIN	0	611233366
ReturnHeader/Filer/PhoneNum	0	5022415552
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	3317 HALLS HILL RD
ReturnHeader/Filer/USAddress/CityNm	0	CRESTWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	KY
ReturnHeader/Filer/USAddress/ZIPCd	0	400149523
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	WILLIAM E CHADY PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	13050 MIDDLETOWN INDUSTRIAL BLVD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	402234756
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5022539610
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	WILLIAM E CHADY
ReturnHeader/ReturnTs	0	2015-08-14T11:46:16-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $50,846
Liabilities: $2,525
Net assets: $48,321
Revenue: $171,039
Expenses: $183,828
Net income: -$12,789

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.20	$0.43	$0.23	$0.39	$0.92	$0.53
2023Summary only. Only limited summary data is available for this year.	$0.40	$0.10		$1.11	$0.89	$0.22
2022Detailed filing. Detailed filing data is available for this year.	$0.19	$0.10	$0.08	$0.28	$0.95	$0.67
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.85	$0.10	$0.75	$0.98	$0.27	$0.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.12	$0.10	$0.02	$0.16	$0.13	$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.07	$0.08	$0.01	$0.11	$0.13	$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.12	$0.10	$0.01	$0.46	$0.71	$0.25
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.22	$0.16	$0.07	$1.45	$1.86	$0.41
2014Detailed filing. Detailed filing data is available for this year.	$0.51	$0.03	$0.48	$1.71	$1.84	$0.13
2013Detailed filing. Detailed filing data is available for this year.	$0.55	$0.04	$0.51	$1.92	$2.04	$0.12
2012Summary only. Only limited summary data is available for this year.	$0.66	$0.03		$1.84	$1.70	$0.14
2011Summary only. Only limited summary data is available for this year.	$0.51	$0.02		$1.69	$2.06	$0.37