Provider Resources Inc
- Assets
- $920.0k
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Methuen, MA
- Founding
- 05/1988
- Data as of
- 09/2022
- EIN
- 22-2884102
Organization Overview
Provider Resources Inc is located in Methuen, MA. The organization was established in 1988. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2022, Provider Resources Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Provider Resources Inc 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 09/2022, Provider Resources Inc generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $5.5m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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 ADMINISTER A FEDERALLY FUNDED FOOD ASSISTANCE PROGRAM FOR, AND PROVIDE NUTRITION EDUCATION AND TRAINING TO LICENSED PROVIDERS WHO RESIDE AND OPERATE DAY CARE FACILITIES IN MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF A FEDERALLY FUNDED FOOD ASSISTANCE PROGRAM FOR LICENSED DAYCARE PROVIDERS WHO RESIDE AND OPERATE BUSINESSES IN MASSACHUSETTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hurley Treasurer/vi | OfficerTrustee | 20 | $23,400 |
Philip Hurley President/cl | OfficerTrustee | 20 | $11,700 |
Lorna Ashton Director | Trustee | $0 | |
Linsay Murphy Director | Trustee | $0 | |
Angela Dipaolo Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $398 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398 |
| Total Program Service Revenue | $5,475,178 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,475,576 |
| 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. | $51,526 |
| Compensation of current officers, directors, key employees. | $25,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,153 |
| Payroll taxes | $45,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $61,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,970 |
| Travel | $11,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $857 |
| All other expenses | $0 |
| Total functional expenses | $5,478,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $630,000 |
| 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 | $1,219 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $919,953 |
| Accounts payable and accrued expenses | $599,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $61,136 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $661,036 |
| Net assets without donor restrictions | $258,917 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $919,953 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Provider Resources Inc has recieved totaling $29.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunger Solutions New York Inc Albany, NY | $3,802,697 | $6,675,320 |
Provider Resources Inc Methuen, MA | $919,953 | $5,475,576 |
Farm Fresh Rhode Island Providence, RI | $19,574,577 | $7,671,925 |
Food Project Inc Lincoln, MA | $4,028,637 | $3,962,744 |
About Fresh Inc Boston, MA | $2,948,132 | $3,593,501 |
Providers Nutrition Network Inc Newington, CT | $300,937 | $2,210,491 |
Staten Island Communituy Services Friendship Clubs Inc Staten Island, NY | $314,878 | $2,179,028 |
Nutrition For The Elderly In Tompki Ns County Inc Ithaca, NY | $1,047,931 | $1,713,789 |
City Seed Inc New Haven, CT | $381,343 | $945,216 |
George L Blackburn Foundation For Nutrition Medicine Jamaica Plain, MA | $12,311,959 | $889,718 |
Harvest Home Farmers Market Inc New York, NY | $257,231 | $802,253 |
East End Food Institute Southampton, NY | $173,444 | $889,422 |