Providence St Mel School
- Assets
- $98.5m
- Revenue
- $9.3m
- Investments
- $45.5m
- Employees
- 59
- Location
- Chicago, IL
- Founding
- 04/1979
- Data as of
- 06/2020
- 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 06/2021, Providence St Mel School employed 59 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 06/2020, Providence St Mel School generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $7.0m 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
TO PROVIDE A HIGH-QUALITY, COLLEGE PREPARATORY EDUCATION FROM PRESCHOOL THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE ST. MEL PROVIDED 177 DAYS OF INSTRUCTION TO 272 STUDENTS FROM PRESCHOOL THROUGH GRADE 12. 34 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 Trustee | Trustee | 1 | $0 |
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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,239,849 |
| Investment income | $1,058,907 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$142,244 |
| Net Income from Fundraising Events | -$105,253 |
| Net Income from Gaming Activities | $96,035 |
| Net Income from Sales of Inventory | -$2,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,264,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $13,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $628,617 |
| Compensation to disqualified persons | $83,811 |
| Other salaries and wages | $2,518,500 |
| Pension plan accruals and contributions | $79,791 |
| Other employee benefits | $275,000 |
| Payroll taxes | $217,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,040 |
| Fees for services: Other | $38,862 |
| Advertising and promotion | $59,602 |
| Office expenses | $96,414 |
| Information technology | $44,379 |
| Royalties | $0 |
| Occupancy | $247,698 |
| Travel | $5,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $827 |
| Interest | $498,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,246,762 |
| Insurance | $147,369 |
| All other expenses | $0 |
| Total functional expenses | $6,982,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,579,995 |
| Savings and temporary cash investments | $661,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,980 |
| Prepaid expenses and deferred charges | $107,748 |
| Investments—publicly traded securities | $37,760,409 |
| Investments—other securities | $45,492,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $868,616 |
| Total assets | $98,454,200 |
| Accounts payable and accrued expenses | $177,418 |
| Grants payable | $0 |
| Deferred revenue | $354,161 |
| Tax-exempt bond liabilities | $18,341,598 |
| 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 | $2,105,875 |
| Total liabilities | $20,979,052 |
| 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 | $77,475,148 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Providence St Mel School has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Kathleen Morrison Charitable Foundation Chicago, IL PURPOSE: CHARITABLE | $2,000 |
Endowment Analysis
| Beg. Balance | $8,238,807 |
| Earnings | $2,138,644 |
| Other Expense | $143,109 |
| Grants | $172,668 |
| Ending Balance | $10,061,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
National Federation Of State High School Associations Indianapolis, IN | $27,763,480 | $13,615,729 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |