Civic Intelligence

Principles First Inc.

990 • Fiscal year 2023 • EIN 82-3634170

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileN/A
3310 Schlipf RoadKaty, TX 77493

(713) 302-3376

Siviq Scores

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

Liabilities / Assets

84th percentile

0.39x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.13x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$23,300

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

99th percentile

890%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

141%

Faster revenue growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$174,921

Up $157,261 (+890%) from 2022

Net Assets

Up

$106,249

Up $106,813 (+18938%) from 2022

Liabilities

Up

$68,672

Up $50,448 (+277%) from 2022

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin73rd percentile

Revenue

Up

$543,504

Up $318,212 (+141%) from 2022

Expenses

Up

$436,691

Up $222,327 (+104%) from 2022

Net Income

Up

$106,813

Up $95,885 (+877%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$300K$200K$100K$0-$100KAssets 2018: $14,866Liabilities 2018: $1,239Net Assets 2018: $13,6272018Assets 2019: $7,841Liabilities 2019: $29,354Net Assets 2019: -$21,5132019Assets 2020: $12,297Liabilities 2020: $30,419Net Assets 2020: -$18,1222020Assets 2021: $9,781Liabilities 2021: $21,273Net Assets 2021: -$11,4922021Assets 2022: $17,660Liabilities 2022: $18,224Net Assets 2022: -$5642022Assets 2023: $174,921Liabilities 2023: $68,672Net Assets 2023: $106,2492023Assets 2024: $216,786Liabilities 2024: $154,170Net Assets 2024: $62,6162024

Highlighted filing

2023

Assets$174,921
Liabilities$68,672
Net Assets$106,249
Open 2023 Filing

Operations Trend

Revenue Growth93rd percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $66,797Expenses 2018: $53,170Net Income 2018: $13,6272018Revenue 2019: $92,801Expenses 2019: $127,766Net Income 2019: -$34,9652019Revenue 2020: $83,162Expenses 2020: $79,947Net Income 2020: $3,2152020Revenue 2021: $192,088Expenses 2021: $185,458Net Income 2021: $6,6302021Revenue 2022: $225,292Expenses 2022: $214,364Net Income 2022: $10,9282022Revenue 2023: $543,504Expenses 2023: $436,691Net Income 2023: $106,8132023Revenue 2024: $458,215Expenses 2024: $501,848Net Income 2024: -$43,6332024

Highlighted filing

2023

Revenue$543,504
Expenses$436,691
Net Income$106,813
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$543,504
Mission and Program Overview

Mission

Counseling and training for low income youthvia youth basketball activites

To become a premier organization for developing elite-level basketball in the Houston area

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,660$98,250▲ $80,590
Land, Buildings, and Equipment, Net$0$76,671▲ $76,671
Loans From Officers Directors$12,224$12,224→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$17,660$174,921▲ $157,261
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,000$56,448▲ $50,448
Total Liabilities$18,224$68,672▲ $50,448
Net Assets / Fund Balance
Total Net Assets Fund Balance$-564$106,249▲ $106,813
Total Liabilities and Net Assets / Fund Balance$17,660$174,921▲ $157,261

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$76,671$3,068$79,739
Other Land Buildings$0--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kendrick DavisExecutive Director/presideFT$23,300$23,300

Board Members and Trustees

NameTitle
Russell LewisVice-president
Niesha DavisSecreatary
Kendra DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$256,560
Program Service Revenue
$286,944
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$106,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$413,391
Salaries, Compensation, and Employee Benefits$23,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$32,516--$32,516
Travel$29,264--$29,264
Current Officers, Directors, Trustees, and Key Employees$23,300--$23,300
Fees for Services Management$22,500--$22,500
Insurance$11,892--$11,892
Advertising$8,553--$8,553
Conferences and Meetings$3,768--$3,768
Depreciation Depletion$3,068--$3,068
Other Expenses$2,195--$2,195
Fees for Services Accounting$2,027--$2,027
All Other Expenses$420--$420
Total Functional Expenses$436,691$0$0$436,691
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$12,224$12,224→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Form 990 Provided to all board members at board meeting”

Form 990, Part VI, Section C, line 19

“Public requests documents which are provided at board meeting”

Filing and Contact Details

Filer

Filer Name
Principles First Inc
EIN
82-3634170
Phone
7133023376
Address
3310 SCHLIPF ROAD, KATY, TX 77493

Signing Officer

Name
Kendrick Davis
Title
President
Phone
7133023376
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendrick Davis
Formed
2017
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Fred Allen Jr CPA
Address
907 SOUTH FRIENDSWOOD STE216, FRIENDSWOOD, TX 77546
Phone
7135219805
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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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ReturnHeader/Filer/USAddress/AddressLine1Txt03310 SCHLIPF ROAD
ReturnHeader/Filer/USAddress/CityNm0KATY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077493
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760293372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fred Allen Jr CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0907 SOUTH FRIENDSWOOD STE216
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRIENDSWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077546
ReturnHeader/PreparerPersonGrp/PhoneNum07135219805
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T15:31:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$174,921
Liabilities
$68,672
Net assets
$106,249
Revenue
$543,504
Expenses
$436,691
Net income
$106,813
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$1.54$0.63$4.58$5.02$0.44
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.69$1.06$5.44$4.37$1.07
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.01$2.25$2.14$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.21$0.11$1.92$1.85$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.30$0.18$0.83$0.80$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.08$0.29$0.22$0.93$1.28$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.67$0.53$0.14