Providence Preparatory School
- Assets
- $1.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 102
- Location
- Belton, TX
- Founding
- 10/2013
- Data as of
- 06/2022
- EIN
- 27-3267917
Organization Overview
Providence Preparatory School is located in Belton, TX. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Providence Preparatory School employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Preparatory School 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 06/2022, Providence Preparatory School generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 14.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDENCE PREPARATORY SCHOOL IS A CHRISTIAN, CLASSICAL, COLLABORATIVE PRE K THROUGH GRADE 12 SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE PREPARATORY SCHOOL IS A CHRISTIAN, CLASSICAL, COLLABORATIVE PREK-12 SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Avery Board Treasurer | OfficerTrustee | 15 | $0 |
Amanda Duggan Director | Trustee | 5 | $0 |
Justin Gaidusek Director | Trustee | 5 | $0 |
Ysabella Barnett Board Chair | OfficerTrustee | 15 | $0 |
Christy Porterfield Director | Trustee | 25 | $21,841 |
Jennifer Joyner Board Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $267,816 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,493 |
| Total Program Service Revenue | $1,892,962 |
| Investment income | $919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,886 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,264,657 |
| 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. | $317,242 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,138,850 |
| Pension plan accruals and contributions | $33,880 |
| Other employee benefits | $10,692 |
| Payroll taxes | $108,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $47,219 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,451 |
| Advertising and promotion | $615 |
| Office expenses | $33,988 |
| Information technology | $22,557 |
| Royalties | $0 |
| Occupancy | $143,211 |
| Travel | $4,566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $781 |
| Interest | $52 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,427 |
| Insurance | $14,985 |
| All other expenses | $13,418 |
| Total functional expenses | $2,116,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $861,406 |
| Savings and temporary cash investments | $263,349 |
| Pledges and grants receivable | $0 |
| 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 | $3,032 |
| Net Land, buildings, and equipment | $342,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,435 |
| Accounts payable and accrued expenses | $69,751 |
| Grants payable | $0 |
| Deferred revenue | $683,312 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $753,063 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $717,372 |
| Total liabilities and net assets/fund balances | $1,470,435 |