Providence St Mel School
- Assets
- $91.9m
- Revenue
- $7.1m
- Investments
- $38.2m
- Employees
- 64
- Location
- Chicago, IL
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 36-2977187
Organization Overview
Providence St Mel School is located in Chicago, IL. The organization was established in 1979. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Providence St Mel School employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence St Mel 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 St Mel School generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $5.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A HIGH-QUALITY, COLLEGE PREPARATORY EDUCATION FROM PRESCHOOL THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
PROVIDENCE ST. MEL PROVIDED 177 DAYS OF INSTRUCTION TO 299 STUDENTS FROM PRESCHOOL THROUGH GRADE 12. 12 STUDENTS COMPLETED GRADE 12 AND ALL WERE ACCEPTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. GRANTS AND SCHOLARSHIPS WERE GIVEN TO ORGANIZATIONS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Secretary | OfficerTrustee | 1.2 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 5 | $0 |
Name Not Listed School President | OfficerTrustee | 45 | $282,665 |
Name Not Listed Board Vice Chair | OfficerTrustee | 0.3 | $0 |
Name Not Listed Board Treasurer | OfficerTrustee | 0.3 | $0 |
Name Not Listed School Executive Chairman | OfficerTrustee | 29.5 | $161,010 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atomatic Mechanical Services Construction | 6/29/21 | $112,422 |
Crowe Llp Audit And Tax Services | 6/29/21 | $100,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $803,193 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,595,459 |
| Noncash contributions included in lines 1a–1f | $258,596 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,398,652 |
| Total Program Service Revenue | $1,847,123 |
| Investment income | $874,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,873,499 |
| Net Income from Fundraising Events | -$37,108 |
| Net Income from Gaming Activities | $98,365 |
| Net Income from Sales of Inventory | -$113 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,055,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $10,198 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $428,835 |
| Compensation of current officers, directors, key employees. | $323,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,043,917 |
| Pension plan accruals and contributions | $47,185 |
| Other employee benefits | $176,683 |
| Payroll taxes | $170,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,111 |
| Fees for services: Accounting | $168,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,366 |
| Fees for services: Other | $103,491 |
| Advertising and promotion | $82,660 |
| Office expenses | $99,614 |
| Information technology | $50,576 |
| Royalties | $0 |
| Occupancy | $372,389 |
| Travel | $7,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,500 |
| Interest | $345,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,061,638 |
| Insurance | $112,663 |
| All other expenses | $21,897 |
| Total functional expenses | $5,562,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,061,052 |
| Savings and temporary cash investments | $402,551 |
| Pledges and grants receivable | $1,060,448 |
| Accounts receivable, net | $13,183 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,914 |
| Prepaid expenses and deferred charges | $131,589 |
| Net Land, buildings, and equipment | $9,071,373 |
| Investments—publicly traded securities | $40,087,157 |
| Investments—other securities | $38,186,954 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $873,909 |
| Total assets | $91,894,130 |
| Accounts payable and accrued expenses | $200,377 |
| Grants payable | $0 |
| Deferred revenue | $135,870 |
| 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 | $663,258 |
| Total liabilities | $999,505 |
| Net assets without donor restrictions | $77,609,730 |
| Net assets with donor restrictions | $13,284,895 |
| 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 | $91,894,130 |