Civic Intelligence

First Principles Forum Inc

EIN 86-3286469 • 501(c)3 • Indianapolis, IN

Profile

First principles forum, inc. Was formed to support educational development in marion county, indiana and its surrounding counties. Additionall, the organization supports other 501(c)(3) organizations, as defined in the internal revenue code.

545 E 70th StIndianapolis, IN 46240

www.firstprinciplesforum.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

81st percentile

32%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$168,678

Up $107,132 (+174%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$168,678

Up $107,132 (+174%) from 2021

Revenue

Down

$83,765

Down $160,405 (-66%) from 2021

Expenses

Down

$43,259

Down $139,365 (-76%) from 2021

Net Income

Down

$40,506

Down $21,040 (-34%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2021: $61,546Liabilities 2021: $0Net Assets 2021: $61,5462021Assets 2024: $168,678Liabilities 2024: $0Net Assets 2024: $168,6782024

Highlighted filing

2024

Assets$168,678
Liabilities$0
Net Assets$168,678

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2021: $244,170Expenses 2021: $182,624Net Income 2021: $61,5462021Revenue 2024: $83,765Expenses 2024: $43,259Net Income 2024: $40,5062024

Highlighted filing

2024

Revenue$83,765
Expenses$43,259
Net Income$40,506

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 16, 2025
Return Version
2024v5.2
Gross Receipts
$83,765
Mission and Program Overview

Mission

First principles forum, inc. Was formed to support educational development in marion county indiana and its surrounding counties. Additionally, the organization supports other 501(c)(3) organizations, as defined in the internal revenue code.

First principles forum, inc. Was formed to support educational development in marion county, indiana and its surrounding counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$128,172$168,678▲ $40,506
Rtn Earn Endowment Incm Other Fnds$128,172$168,678▲ $40,506
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$128,172$168,678▲ $40,506
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$128,172$168,678▲ $40,506
Total Liabilities and Net Assets / Fund Balance$128,172$168,678▲ $40,506
Compensation and Service Providers

Board Members and Trustees

NameTitle
Heather CrossinPresident
Erin TuttleVice President
Julia DrewTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,700
Program Service Revenue
$77,531
Investment Income
$2,534
Other Revenue
$0
All Other Contributions
$3,700
Change in Net Assets
$40,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,750-$4,750
Other Expenses$800--$800
Fees for Services Other-$294-$294
All Other Expenses$5--$5
Total Functional Expenses$38,215$5,044$0$43,259
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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

The form 990 is prepared for the current year and then reviewed by the board before filing.

Form 990, Part VI, Section C, Line 19

First principles forum's governance documents and conflict of interest policy are available to the public upon request to the president of first principles.

Filing and Contact Details

Filer

Filer Name
First Principles Forum Inc
EIN
86-3286469
Phone
3173401357
Address
545 E 70TH ST, INDIANAPOLIS, IN 46240

Signing Officer

Name
Heather Crossin
Title
President
Phone
3173401357
Signed
2025-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Crossin
Formed
2021
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
20

Preparer

Firm
PILE CPA'S
Address
ONE INDIANA SQUARE STE 1200, INDIANAPOLIS, IN 46204
Preparer
Scott J Shoemaker CPA
Phone
3172693454
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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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