University Of Providence

Organization Overview

University Of Providence is located in Renton, WA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, University Of Providence employed 385 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. University Of Providence 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, University Of Providence generated $28.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $30.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

SEE SCHEDULE OAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:- PROVIDENCE ACROSS SEVEN WESTERN STATES- COVENANT HEALTH IN WEST TEXAS- PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA- HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA- KADLEC IN SOUTHEAST WASHINGTON- PACIFIC MEDICAL CENTERS IN SEATTLE, WA- SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.UNIVERSITY OF PROVIDENCEA LIBERAL ARTS UNIVERSITY PROVIDING HIGHER EDUCATION SERVICES RESULTING IN ASSOCIATES, BACHELORS, AND MASTERS DEGREES. ENROLLMENT WAS 669 UNDERGRADUATE AND 219 GRADUATE/PROFESSIONAL STUDENTS FOR THE FALL SEMESTER 2021. FOR THE SPRING SEMESTER 2022, ENROLLMENT WAS 584 UNDERGRADUATE AND 494 GRADUATE/PROFESSIONAL STUDENTS.THE UNIVERSITY OF PROVIDENCE WAS FOUNDED THROUGH THE COLLABORATIVE EFFORTS OF THE SISTERS OF PROVIDENCE, THE URSULINE SISTERS, THE CATHOLIC BISHOP OF GREAT FALLS AND THE CIVIC COMMUNITY, ALL OF WHOM RECOGNIZED SOCIETAL NEED FOR HIGHER EDUCATION. ITS EDUCATIONAL MISSION, SPONSORED BY THE SISTERS OF PROVIDENCE, CONTINUES TO BE THE SHARED ENDEAVOR OF DEDICATED PEOPLE.THE UNIVERSITY COOPERATES WITH BOTH PRIVATE AND PUBLIC INSTITUTIONS TO ATTAIN GOALS CONSISTENT WITH ITS EDUCATIONAL PURPOSE AND VALUES.THE UNIVERSITY CONTINUALLY AND RESPONSIBLY EVALUATES ITS OPERATION AND PROGRAMS. IT DEVELOPS PROFESSIONAL AND CAREER PROGRAMS AND CONTINUING EDUCATION COURSES DESIGNED IN VIEW OF SOCIETY'S PRESENT AND FUTURE NEEDS AS WELL AS TRADITIONAL ACADEMIC DEGREES IN APPROPRIATE FIELDS. THE UNIVERSITY OFFERS STUDENTS A FOUNDATION FOR ACTIVELY IMPLEMENTING GOSPEL VALUES AND THE TEACHING AND HEALING MINISTRIES OF JESUS. IT SERVES STUDENTS OF ALL BELIEFS WHO WISH TO TAKE ADVANTAGE OF ITS PROGRAMS. THE FACULTY AND STAFF OF THE UNIVERSITY JOIN WITH STUDENTS IN A COOPERATIVE AND ENTHUSIASTIC SEARCH FOR TRUTH. THE UNIVERSITY IS GUIDED IN ITS PURSUIT OF THIS SEARCH FOR TRUTH, WHILE PAYING APPROPRIATE ATTENTION TO SUSTAINABILITY, THROUGH ASSESSMENT OF PROGRESS ON OUR INSTITUTIONAL CORE THEMES: CORE THEME #1 - ACADEMIC EXCELLENCE: IS THE PRIMARY PURSUIT FOR ALL STUDENTS, FACULTY AND STAFF. WITHOUT EXCEPTION, WE UPHOLD THE HIGHEST ACADEMIC STANDARDS ACROSS ALL PROGRAMS.CORE THEME #2 STUDENT EXPERIENCE: STUDENTS UNDERGO A DISTINCTIVE AND TRANSFORMATIVE EXPERIENCE THAT PREPARES THEM TO PURSUE THEIR LIFETIME CALLING AND MAKE THE WORLD A BETTER PLACE.CORE THEME #3 MISSION EFFECTIVENESS: DRIVEN BY OUR MISSION, WE WILL PROVIDE WORLD-CLASS LIBERAL ARTS AND HEALTH PROFESSIONS PROGRAMS WHILE FOCUSING ON OPERATIONAL EFFICIENCY TO DELIVER ON OUR VISION FOR SUSTAINABLE GROWTH.NEW PROGRAMS, 2021-2022:IN ITS CONTINUING EFFORT TO FULFILL THE UNIVERSITY MISSION, THE LEGACY OF THE SISTERS OF PROVIDENCE, AND THE UNIVERSITY'S CORE THEMES, THE UNIVERSITY APPROVED THE FOLLOWING NEW PROGRAMS IN THE 2021-2022 ACADEMIC YEAR:- PROVIDENCE IMPACT PROGRAM (VOLUNTARY 3 1-CREDIT COURSES)- ASSOCIATE OF SCIENCE IN HEALTHCARE ADMINISTRATION- BACHELOR OF SCIENCE IN APPLIED MATHEMATICS (FALL 2023 LAUNCH)- MISSION LEADERSHIP CERTIFICATE (12-CREDIT GRADUATE CERTIFICATE)- MASTER OF SCIENCE IN HEALTHCARE MANAGEMENT (42-CREDIT GRADUATE PROGRAM; FIRST COHORT ENROLLING SPRING 2023)


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Collegiate Enterprise Solutions Llc
Consulting
$400,699
Eab Global
Consulting
$463,233
Pioneer College Caterers Inc
Contracted Services - Food Service
$697,308
Ellucian
It Support
$509,975
Cerium Networks
It Support
$427,585
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,050
Related organizations$4,740,000
Government grants $1,393,736
All other contributions, gifts, grants, and similar amounts not included above$2,513,998
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,649,784
Total Program Service Revenue$19,285,335
Investment income $454,465
Tax Exempt Bond Proceeds $0
Royalties $1,937
Net Rental Income $43,425
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $591
Net Income from Gaming Activities $5,250
Net Income from Sales of Inventory $15,677
Miscellaneous Revenue$0
Total Revenue $28,720,547

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Of Providence has recieved totaling $2,000.

Awarding OrganizationAmount
Truecos Foundation

Casper, WY

PURPOSE: TO EXPRESS GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, AND TO BE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,384,829
Earnings$1,705,324
Admin Expense$4,011,310
Net Contributions$1,088,864
Other Expense$151,384
Grants$588,568
Ending Balance$14,427,755

Peer Organizations

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