Education Principle Foundation
EIN 464265864 Private FoundationAbout
DURING THE YEAR THE ORGANIZATION HAD A SUBSTANTIAL CONTRACTION OF ITS ASSETS. THE MEMBERSHIP INTEREST IN SOUTH UNIVERSITY WAS TRANSFERED FROM THE ORGANIZATION TO A NEW 501C3 NONPROFIT ORGANIZATION, SOUTH UNIVERSITY - MEMBER INC. ("SUM"). SUM IS LOCATED AT 709 MALL BLVD, SAVANNAH, GA 31406. THE ORGANIZATION RESCUED, REHABILITATED AND POSITIONED SOUTH UNIVERSITY TO THRIVE IN THE CURRENT HIGHER EDUCATION FIELD. THE ORGANIZATION'S BOARD VOTED TO APPROVE THIS TRANSACTION AND THE DEPARTMENT OF EDUCATION WAS INVOLVED TO ASSURE THE TRANSACTION WAS DONE AT THE APPRAISED VALUE AND AT ARMS LENGTH. THE TRANSACTION TOOK PLACE ON JULY 14, 2023.
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | N/A | $0 | $0 | N/A |
| 2017 | N/A | $0 | $0 | N/A |
| 2020 | N/A | $25.0M | $0 | N/A |
| 2022 | N/A | $16.6M | $0 | N/A |
| 2023 | N/A | $18.0M | $0 | N/A |
| 2024 | N/A | $18.0M | $0 | N/A |
Officers & Directors
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