Providence Academy
- Assets
- $95.1m
- Revenue
- $20.8m
- Investments
- $0.0
- Employees
- 205
- Location
- Plymouth, MN
- Founding
- 08/1998
- Data as of
- 06/2022
- 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 06/2022, Providence Academy employed 205 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 06/2022, Providence Academy generated $20.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $20.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE-PREP SCHOOL WITH A COMPREHENSIVE CORE-KNOWLEDGE CURRICULUM.
Describe the Organization's Program Activity:
PROVIDENCE ACADEMY OPERATES AS A ROMAN CATHOLIC COLLEGE-PREPARATORY SCHOOL. CURRENTLY, 920 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 28 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 |
|---|---|---|---|
Robert Cummings Board Chair | OfficerTrustee | 5 | $17,233 |
Patrick Alexander Director | Trustee | 5 | $0 |
Sr John Mary Fleming Director | Trustee | 5 | $0 |
David Frey Director | Trustee | 5 | $0 |
Amy Hoeft Director | Trustee | 5 | $0 |
Mary Mithun Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taher Inc Food Service Contractor | 6/29/22 | $801,491 |
Mn Cln Services Cleaning | 6/29/22 | $369,662 |
Harris Hvac | 6/29/22 | $218,949 |
Andersun Lawn Services Ground Maintenance | 6/29/22 | $155,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $155,950 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,938,597 |
| Noncash contributions included in lines 1a–1f | $1,121,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,094,547 |
| Total Program Service Revenue | $15,682,932 |
| Investment income | $363,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,447 |
| Net Gain/Loss on Asset Sales | -$187,840 |
| Net Income from Fundraising Events | $380,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,834,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,863,881 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $462,532 |
| Compensation of current officers, directors, key employees. | $193,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,173,555 |
| Pension plan accruals and contributions | $267,365 |
| Other employee benefits | $2,514,036 |
| Payroll taxes | $29,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,469 |
| Fees for services: Accounting | $37,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,038 |
| Fees for services: Other | $202,916 |
| Advertising and promotion | $124,677 |
| Office expenses | $415,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,849,816 |
| Travel | $11,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,197,048 |
| Insurance | $90,455 |
| All other expenses | $273,296 |
| Total functional expenses | $20,131,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,480,613 |
| Savings and temporary cash investments | $14,879,719 |
| Pledges and grants receivable | $213,130 |
| Accounts receivable, net | $515,348 |
| 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 |
| Net Land, buildings, and equipment | $62,977,545 |
| Investments—publicly traded securities | $13,816,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,863 |
| Total assets | $95,103,386 |
| Accounts payable and accrued expenses | $1,299,236 |
| Grants payable | $0 |
| Deferred revenue | $2,506,554 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,805,790 |
| Net assets without donor restrictions | $79,497,266 |
| Net assets with donor restrictions | $11,800,330 |
| 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 | $95,103,386 |