Providence Heights Fka The Purpose
- Assets
- $2.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Bellevue, WA
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 43-1968326
Organization Overview
Providence Heights Fka The Purpose is located in Bellevue, WA. The organization was established in 2003. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2022, Providence Heights Fka The Purpose employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Heights Fka The Purpose 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 12/2022, Providence Heights Fka The Purpose generated $3.5m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 122.8% per year over the past 4 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
EMPOWERING PEOPLE IN NEED WITH HOUSING, EMPLOYMENT OPPORTUNITIES, AND PERSONAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRAINING, EDUCATION, HOUSING, AND OPPORTUNITIES FOR BUSINESS CREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophally Showalter Chief Of Staff | 40 | $141,582 | |
Philip Seaton Chief Program Officer | Officer | 40 | $124,844 |
Christine Soule Founder & CEO | OfficerTrustee | 3 | $0 |
Stephen Macdonald Interim Chair | OfficerTrustee | 3 | $0 |
Eric Scroggins Treasurer | OfficerTrustee | 3 | $0 |
Lisa Bailey Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,235 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,411,681 |
| Noncash contributions included in lines 1a–1f | $7,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,475,916 |
| Total Program Service Revenue | $60,411 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$312 |
| Net Income from Fundraising Events | -$33,497 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,502,564 |
| 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. | $307,447 |
| Compensation of current officers, directors, key employees. | $161,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,497 |
| Pension plan accruals and contributions | $3,127 |
| Other employee benefits | $29,596 |
| Payroll taxes | $55,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,903 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,589 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,655 |
| Advertising and promotion | $82,284 |
| Office expenses | $25,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $406,100 |
| Travel | $14,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,598 |
| Insurance | $8,373 |
| All other expenses | $0 |
| Total functional expenses | $1,605,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,195,207 |
| Savings and temporary cash investments | $65,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $32,964 |
| Net Land, buildings, and equipment | $9,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $886,309 |
| Total assets | $2,189,277 |
| Accounts payable and accrued expenses | $90,332 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $386,309 |
| Total liabilities | $476,641 |
| Net assets without donor restrictions | $1,702,636 |
| Net assets with donor restrictions | $10,000 |
| 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 | $2,189,277 |