Providence Hall
- Assets
- $53.8m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 415
- Location
- Herriman, UT
- Founding
- 02/2009
- Data as of
- 06/2023
- EIN
- 26-1417186
Organization Overview
Providence Hall is located in Herriman, UT. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Providence Hall employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Hall is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Providence Hall generated $24.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $21.6m during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A CHARTER SCHOOL SERVING STUDENTS FROM KINDERGARTEN TO TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES A PUBLIC CHARTER SCHOOL AND PROVIDES LUNCH FOR STUDENTS GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Crandall Board Chair | OfficerTrustee | 1 | $0 |
Lorena Lorg Board Vice Chair | OfficerTrustee | 1 | $0 |
Richard Wilson Board Treasurer | OfficerTrustee | 1 | $0 |
Stacy Hurst Board Member (from Sept) | Trustee | 1 | $0 |
Kayla Trujillo Board Member (from Sept) | Trustee | 1 | $0 |
Liz Starley Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stout Building Contractors Construction | 6/29/23 | $4,919,962 |
Keystone Group Llc Dba Vanguard Custodial Services | 6/29/23 | $165,197 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,700,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,857 |
| Noncash contributions included in lines 1a–1f | $150,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,973,217 |
| Total Program Service Revenue | $1,355,100 |
| Investment income | $583,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,708 |
| Net Gain/Loss on Asset Sales | -$73,455 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,904,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,357 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,851,151 |
| Pension plan accruals and contributions | $679,826 |
| Other employee benefits | $1,257,042 |
| Payroll taxes | $867,739 |
| Fees for services: Management | $24,996 |
| Fees for services: Legal | $6,639 |
| Fees for services: Accounting | $28,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $558,621 |
| Advertising and promotion | $4,817 |
| Office expenses | $0 |
| Information technology | $9,696 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $148,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,361,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,043,950 |
| Insurance | $58,500 |
| All other expenses | $244,975 |
| Total functional expenses | $21,590,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,586,244 |
| Savings and temporary cash investments | $1,361,854 |
| Pledges and grants receivable | $328,818 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,691 |
| Net Land, buildings, and equipment | $34,000,074 |
| Investments—publicly traded securities | $3,985,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,471,029 |
| Total assets | $53,766,508 |
| Accounts payable and accrued expenses | $2,226,890 |
| Grants payable | $0 |
| Deferred revenue | $34,524 |
| Tax-exempt bond liabilities | $14,473,260 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $27,023,461 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,758,135 |
| Net assets without donor restrictions | $5,690,555 |
| Net assets with donor restrictions | $4,317,818 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,766,508 |