Providence Country Day School
- Assets
- $8.3m
- Revenue
- $9.8m
- Investments
- $2.5m
- Employees
- 133
- Location
- East Providence, RI
- Founding
- 10/1937
- Data as of
- 06/2022
- EIN
- 05-0258934
Organization Overview
Providence Country Day School is located in East Providence, RI. The organization was established in 1937. 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 Country Day School employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Country Day 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 Country Day School generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 2.5% 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
TO INSPIRE LIVES OF ENGAGED CITIZENSHIP IN AN INCLUSIVE COMMUNITY THAT VALUES THE UNIQUE STRENGTHS OF ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVIDENCE COUNTRY DAY SCHOOL IS AN NEASC ACCREDITED INDEPENDENT SCHOOL OFFERING A LOWER, MIDDLE, AND HIGH SCHOOL EDUCATION FOR PRE-K THROUGH 12TH GRADERS, INCLUDING ACADEMIC INSTRUCTION AND EXTRACURRICULAR ACTIVITIES.
THE ORGANIZATION'S AUXILIARY SERVICES INCLUDES FOOD SERVICES, TEXTBOOK SALES, ATHLETICS, AND FUNCTIONS FOR STUDENTS AND FACULTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Folan Head Of School | OfficerTrustee | 40 | $159,726 |
Patrick Mcquade President | OfficerTrustee | 5 | $0 |
Robert Khoury Vice President | OfficerTrustee | 5 | $0 |
Paula Mcnamara Vice-President | OfficerTrustee | 5 | $0 |
Hamza Chaudary Secretary | OfficerTrustee | 5 | $0 |
David Quinones Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Superior Construction Group Building Renovations | 6/29/22 | $510,350 |
Flik Dining Services Inc Dining Services | 6/29/22 | $424,974 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,796 |
| Related organizations | $0 |
| Government grants | $309,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,089,971 |
| Noncash contributions included in lines 1a–1f | $144,948 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,469,671 |
| Total Program Service Revenue | $8,058,897 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,000 |
| Net Rental Income | $154,833 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,671 |
| Net Income from Gaming Activities | -$2,769 |
| Net Income from Sales of Inventory | -$4,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,757,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,768,910 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,611 |
| Compensation of current officers, directors, key employees. | $98,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,190,478 |
| Pension plan accruals and contributions | $42,363 |
| Other employee benefits | $542,632 |
| Payroll taxes | $328,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,450 |
| Fees for services: Accounting | $53,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,553 |
| Fees for services: Other | $303,623 |
| Advertising and promotion | $69,633 |
| Office expenses | $262,771 |
| Information technology | $64,300 |
| Royalties | $2,584 |
| Occupancy | $411,181 |
| Travel | $65,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,006 |
| Interest | $139,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,130 |
| Insurance | $0 |
| All other expenses | $28,849 |
| Total functional expenses | $9,855,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748,194 |
| Savings and temporary cash investments | $8,876 |
| Pledges and grants receivable | $95,838 |
| Accounts receivable, net | $129,698 |
| 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 | $50,797 |
| Net Land, buildings, and equipment | $4,499,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,503,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $267,704 |
| Total assets | $8,303,418 |
| Accounts payable and accrued expenses | $709,440 |
| Grants payable | $0 |
| Deferred revenue | $956,628 |
| Tax-exempt bond liabilities | $3,015,058 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,482 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,706,608 |
| Net assets without donor restrictions | $75,067 |
| Net assets with donor restrictions | $3,521,743 |
| 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 | $8,303,418 |