THE PRINCIPLED ACADEMY INC

EIN: 237291698 501(c)(3)

Berkeley, CA

Total Revenue
$157,832
Total Expenses
$390,707
Total Assets
$686,751
Net Assets
$683,132
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CA
Tax Period
2022-07-01 to 2023-06-30

THE PRINCIPLED ACADEMY INC, founded in 1973, is a small nonprofit that reported $158K in total revenue in fiscal year 2022. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $391K exceeded revenue, resulting in a 148% operating deficit.

Mission

To create a safe nurturing learning environment with the partnership of parents and teachers to help students from preschool thru 8th grade achieve academic and moral excellence in community with others.

Program Service Accomplishments

Program 1
Expenses: $372,280 Revenue: $146,103

The Principled Academy TPA was founded with five children in a garage. It has grown to encompass an extraordinarily diverse group of 120 students from preschool through 8th grade. Students learn from...

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The Principled Academy TPA was founded with five children in a garage. It has grown to encompass an extraordinarily diverse group of 120 students from preschool through 8th grade. Students learn from an early age to get along with and to value others from different races ethnicities religions and socio-economic backgrounds. TPA does not just prepare students for an inter-connected world it enables them to directly experience world peace on a manageable level every day. Our special foci are character education social and emotional learning and academic excellence. Our small class sizes and qualified and experienced teaching staff enable each student to be individually understood and to flourish. The TPA early childhood preschool and kindergarten classes CA license XXX-XX-XXXX is in the initial phase of the multi-year accreditation process with the National Association for the Education of Young Children a premier accrediting body for early childhood programs. We accept up to 34 preschoolers in two classrooms with four teachers and an aide and up to 18 kindergarten students with a teacher and an associate teacher. This is significantly more beneficial to our preschoolers than the legal ratio of one teacher for 12 preschool students. By having more qualified caring adults in the classrooms each child can experience more individual attention with adults helping the child tease out the implications of what s he is observing thereby extending the child's exciting discovery of new knowledge. The opportunity to hear complex sentences regularly helps develop his her pre-reading skills. Discipline challenges are also minimized as alert staff members can redirect students before behavior incidents occur. Parents receive bi-weekly e-newsletters about the lessons being covered so they can engage in stimulating conversations with their children. All of our students preschool through 8th grade have a dedicated class period each day for character education and social emotional learning. Each month is dedicated to a specific virtue and related community service. The school day in each class begins with a teacher reading stories or biographies of people who exemplify each virtue or older students sharing an original skit puppet show or video designed to help younger students understand principled behavior. Each month the school as a whole participates in a community service learning project which helps students to experience first-hand the power they have even as young people to contribute to the common good. Examples include visiting senior centers with hand-made cards for the seniors performing for and reading to seniors; caroling at community venues; raising money for UNICEF through a very popular TPA celebration called Trunk or Treat; conducting a Bike-A-Thon on behalf of research organizations like the American Heart Association and the National MS Multiple Sclerosis Society; doing a canned food drive for the Alameda County Food Bank and volunteering at the Food Bank for older students and so on. Learning the value of and practicing habits of good character like our Core Values Respect Integrity Honesty Caring and Leadership positively impacts our students academic performance. With small classes approximately 10-15 students per grade and qualified and experienced teachers TPA students have support which helps them to develop their academic potential to the fullest. About half of our 8th grade graduates attend private schools mainly Catholic high schools like Bishop O Dowd St. Joseph Notre Dame and Moreau and half attend local public schools. Even though TPA is small 135 students our 8th graders have attained key leadership positions e.g. class president student body president in both public and private high schools. In their 7th and 8th grade years our students have a weekly class in Oratory where they learn to speak effectively to a small group. This helps them to express their ideas clearly in high school and college. Principled Academy alumni have matriculated at prestigious universities including UC Berkeley UCLA UC Davis UC San Diego the Air Force Academy Harvey Mudd College the Fashion Institute of Technology in NYC Smith College Santa Clara University St. Mary's College various Cal State University campuses and others. Since the school's founding in 1988 some of our older alumni have completed or are currently pursuing graduate degrees at the Massachusetts Institute of Technology UC Berkeley UC Merced San Francisco State University Cal State University East Bay and other fine institutions. We are proud of their accomplishments. TPA sponsors both Boy Scouts and Girl Scouts on our campus. Several of our former students have returned to our campus during their high school years to complete a project which benefits The Principled Academy as an integral part of earning the highly prestigious Eagle Scout award. We are touched by their sincere desire to assist their alma mater and greatly impressed with their enthusiastic and professional efforts. The Principled Academy is certified to accept foreign students through the Student Exchange Visitor Program of the United States government.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $26,850
Program Service Revenue $146,103
Investment Income $-15,039
Other Revenue $-82
TOTAL REVENUE $157,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $276,568
Fundraising Expenses $0
Program Expenses $372,280
Other Expenses $114,139
TOTAL EXPENSES $390,707

Year-over-Year Comparison

2022 2021 Change
Revenue $157,832 $1,191,889 -0.9%
Expenses $390,707 $1,216,232 -0.7%
Net Income $-232,875 $-24,343 +8.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
4
Employees
54
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
1
$75,750
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Mose Durst Director President Teacher 10.00
Officer Director
$0 $0 $0
Kristina Seher Director Secretary 1.00
Officer Director
$0 $0 $0
Alan Seher Director Treasurer Vice President 1.00
Officer Director
$0 $0 $0
Noah Ross Director 1.00
Director
$0 $0 $0
Matthew Morrison Director 1.00
Director
$0 $0 $0
Kevin Thompson Director 1.00
Director
$0 $0 $0
Steven Jares Director 1.00
Director
$0 $0 $0
Isaac Durst Head of School 40.00
Key Emp
$75,000 $750 $75,750
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $157,832 $390,707 $686,751 $-232,875
2022 $1,191,889 $1,216,232 $924,080 $-24,343
2021 $914,100 $1,021,838 $1,106,715 $-107,738
2020 $1,156,931 $1,027,899 $1,135,641 $129,032
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