PRINCIPIA CORPORATION
13201 Clayton Road, St Louis, MO 63131 www.principia.edu

Total Revenue
$93,673,823
Total Expenses
$92,306,242
Net Assets
$796,192,808

Organizations Filed Purposes: 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.

THE PRINCIPIA SHALL SEEK TO SERVE THE CAUSE OF CHRISTIAN SCIENCE THROUGH APPROPRIATE CHANNELS OPEN TO IT AS AN EDUCATIONAL INSTITUTION.

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 25 REGULAR ACADEMIC MAJORS LEADING TO EITHER A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. 31 STATES AND 26 COUNTRIES ARE REPRESENTED AMONG THE STUDENTS. 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 300-350 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. 375 STUDENTS IN PRE-SCHOOL THROUGH 12TH GRADE. OVER 90 PERCENT OF GRADUATING SENIORS GO ON TO COLLEGE. THE UPPER SCHOOL OFFERS 14 HONORS/AP CLASSES. 86% OF UPPER SCHOOL FACULTY HOLD ADVANCED DEGREES.

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.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Marshall IngwersonChief Executive (thru May 2020)40$326,101
Howard E Berner JrCHIEF INVESTMENT OFFICER40$271,157
Lee BarronAssistant Secretary/General Counsel40$234,594
Jolanda WesterhofCollege President (thru Oct 2019)40$229,957
Charles T BrantinghamHEAD OF SCHOOL40$225,723
Barbara BlackwellAssistant Secretary/Chief Advancement Officer40$167,716
Peter DryAssistant Head of School for Innovation & Strategy40$163,440
Karen B DearbornAssistant Secretary (thru Sept 2018)40$159,611
Donald D MillerInterim CFO (thru Oct 2019), Asst Secretary, and Controller40$157,819
Peter A StevensAssistant Secretary(thru Sept 2018)40$132,817
Edward MccartyASSISTANT SECRETARY/Director of Planned Giving40$121,648
Heidi SnowInterim Dean of Academics40$114,988
Laurel WaltersChief Public Relations Comm/Marketing Officer40$114,428
David LovegrenDirector Alumni & Field Relations40$113,163
James Huddleston JrDirector of Information Technology40$112,914
David WaltersChief Financial Officer (beginning Oct 2019)40$48,956
Stephen J ShaperTrustee5$0
Robert J MacdonaldTrustee5$0
Patricia SarkisianTrustee (beginning Oct 2019)5$0
Mindy SavidesTrustee5$0
John D FriborgTrustee (thru June 6, 2020)5$0
Janna L HernholmTrustee (beginning Oct 2019)5$0
Inez Maubane JonesTrustee (beginning June 2020)5$0
D Stephen DewindtTrustee5$0
Chestnut BoothTrustee5$0
Scott L SchnebergerExec Comm member at large5$0
Meridee K OlsenChair10$0
Dennis MarundeTrustee (thru May 2020) and Interim Chief Exec (June 2020)15$0
Charles LindahlVice Chair5$0
Bruce BondSecretary5$0
Allan MarquardtTreasurer5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202110489349301036_public.xml