Providence Academy
- Assets
- $90.8m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 258
- Location
- Plymouth, MN
- Founding
- 08/1998
- Data as of
- 06/2020
- EIN
- 41-1883866
Organization Overview
Providence Academy is located in Plymouth, MN. The organization was established in 1998. 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 06/2021, Providence Academy employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Academy 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 06/2020, Providence Academy generated $18.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $17.6m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE-PREP SCHOOL WITH A COMPREHENSIVE CORE-KNOWLEDGE CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE ACADEMY OPERATES AS A ROMAN CATHOLIC COLLEGE-PREPARATORY SCHOOL. CURRENTLY, 915 STUDENTS ARE ENROLLED IN GRADES PRE-KINDERGARTEN THROUGH 12. THE SCHOOL EMPLOYS MORE THAN 100 FACULTY AND STAFF, INCLUDING FOUR FULL-TIME COUNSELORS (GUIDANCE AND COLLEGE), A FULL-TIME NURSE AND 3 PART-TIME SECURITY OFFICERS. ABOUT 65% OF FACULTY MEMBERS HOLD MASTER'S DEGREES AND ROUGHLY 8% HOLD A PHD.AS A MEMBER OF THE MINNESOTA STATE HIGH SCHOOL LEAGUE'S INDEPENDENT METRO ATHLETIC CONFERENCE (IMAC), PROVIDENCE ACADEMY OFFERS 27 SPORTS AND MANY ADDITIONAL ACTIVITIES. APPROXIMATELY 80% OF HIGH SCHOOL STUDENTS PARTICIPATE IN ATHLETICS AND MANY MORE BENEFIT FROM ADDITIONAL ACTIVITIES AND CLUBS.
PROVIDENCE ACADEMY OPERATES AS A ROMAN CATHOLIC COLLEGE-PREPARATORY SCHOOL. CURRENTLY, 915 STUDENTS ARE ENROLLED IN GRADES PRE-KINDERGARTEN THROUGH 12. THE SCHOOL EMPLOYS MORE THAN 100 FACULTY AND STAFF, INCLUDING FOUR FULL-TIME COUNSELORS (GUIDANCE AND COLLEGE), A FULL-TIME NURSE AND 3 PART-TIME SECURITY OFFICERS. ABOUT 65% OF FACULTY MEMBERS HOLD MASTER'S DEGREES AND ROUGHLY 8% HOLD A PHD.AS A MEMBER OF THE MINNESOTA STATE HIGH SCHOOL LEAGUE'S INDEPENDENT METRO ATHLETIC CONFERENCE (IMAC), PROVIDENCE ACADEMY OFFERS 27 SPORTS AND MANY ADDITIONAL ACTIVITIES. APPROXIMATELY 80% OF HIGH SCHOOL STUDENTS PARTICIPATE IN ATHLETICS AND MANY MORE BENEFIT FROM ADDITIONAL ACTIVITIES AND CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Todd Flanders Headmaster | Officer | 40 | $315,418 |
Gladys Estoista Business Manager | Officer | 40 | $91,680 |
Robert Cummings Board Chair | OfficerTrustee | 5 | $18,766 |
Roert Buehler Treasurer | OfficerTrustee | 5 | $0 |
Katherine Kersten Director | Trustee | 5 | $0 |
Sr John Mary Fleming Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harris Services Hvac | 6/29/21 | $173,584 |
Andersun Lawn Ground Maintenance | 6/29/21 | $114,307 |
Taher Food Service Food Service Contractor | 6/29/21 | $552,783 |
Taher Food Service Food Service Contractor | 6/29/21 | $552,783 |
Mn Cln Services Cleaning | 6/29/21 | $276,367 |
Andersun Lawn Ground Maintenance | 6/29/21 | $114,307 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,688,835 |
| Investment income | $355,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,367 |
| Net Gain/Loss on Asset Sales | -$7,663 |
| Net Income from Fundraising Events | -$8,222 |
| Net Income from Gaming Activities | $1,550 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,450,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,847,895 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $452,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,311,714 |
| Pension plan accruals and contributions | $298,719 |
| Other employee benefits | $1,991,745 |
| Payroll taxes | $10,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,247 |
| Fees for services: Accounting | $31,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,807 |
| Fees for services: Other | $99,465 |
| Advertising and promotion | $135,394 |
| Office expenses | $297,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,491,625 |
| Travel | $12,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,208,215 |
| Insurance | $99,148 |
| All other expenses | $0 |
| Total functional expenses | $17,605,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,180,615 |
| Savings and temporary cash investments | $2,178,523 |
| Pledges and grants receivable | $164,599 |
| Accounts receivable, net | $551,502 |
| 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 | $0 |
| Investments—publicly traded securities | $8,839,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $814,154 |
| Total assets | $90,830,285 |
| Accounts payable and accrued expenses | $1,219,315 |
| Grants payable | $0 |
| Deferred revenue | $947,892 |
| 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 | $1,791,200 |
| Other liabilities | $0 |
| Total liabilities | $3,958,407 |
| 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 |
| Total liabilities and net assets/fund balances | $86,871,878 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Providence Academy has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Mick And Sandy Lee Family Foundation Wayzata, MN PURPOSE: GENERAL PURPOSE EXEMPT FUNCTION GRANT | $30,000 |
Mikulsky Hope Matters Foundation Inc Green Bay, WI PURPOSE: PUBLIC CHARITY | $5,000 |
Endowment Analysis
| Beg. Balance | $8,708,751 |
| Earnings | $2,461,894 |
| Net Contributions | $1,086,839 |
| Other Expense | $5,000 |
| Ending Balance | $12,252,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |
Shattuck-St Marys Schools Faribault, MN | $98,168,921 | $33,078,824 |
Hiawatha Academies Minneapolis, MN | $17,479,202 | $30,126,706 |
Minnehaha Academy Minneapolis, MN | $87,515,002 | $27,566,696 |
Little Wound School Board Inc Kyle, SD | $30,101,573 | $34,256,769 |
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |