Providence Academy
- Assets
- $2.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 64
- Location
- Leesburg, VA
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-2618464
Organization Overview
Providence Academy is located in Leesburg, VA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Providence Academy employed 64 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 $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 8.3% 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
THE MISSION OF PROVIDENCE ACADEMY IS "UNCOMPROMISING EXCELLENCE IN EDUCATING AND EQUIPPING STUDENTS WITH TRUTH."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIVATE, INDEPENDENT CHRISTIAN SCHOOL PROVIDES EDUCATIONAL OPPORTUNITIES TO STUDENTS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE UNDER A CAPABLE AND DEDICATEDFACULTY. THE STUDENTS ARE EDUCATED TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION, AND GENEROSITY OF SPIRIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Marsh Head Of School | Officer | 50 | $149,529 |
Rex Stover Board President | OfficerTrustee | 8 | $0 |
Paul G Miller Board Treasurer | OfficerTrustee | 5 | $0 |
Tim Reichert Board Vice President | OfficerTrustee | 2 | $0 |
Ken Fleming Board Secretary | OfficerTrustee | 2 | $0 |
Mike Miller Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,211 |
| Noncash contributions included in lines 1a–1f | $25,343 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,211 |
| Total Program Service Revenue | $3,531,679 |
| Investment income | $1,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,771,146 |
| 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. | $208,777 |
| Compensation of current officers, directors, key employees. | $41,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,803,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,414 |
| Payroll taxes | $148,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,074 |
| Advertising and promotion | $3,056 |
| Office expenses | $38,598 |
| Information technology | $34,318 |
| Royalties | $0 |
| Occupancy | $545,351 |
| Travel | $19,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,602 |
| Insurance | $0 |
| All other expenses | $29,292 |
| Total functional expenses | $3,323,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,352,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,472 |
| 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 | $54,892 |
| Net Land, buildings, and equipment | $80,317 |
| Investments—publicly traded securities | $2,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,042 |
| Total assets | $2,578,187 |
| Accounts payable and accrued expenses | $293,159 |
| Grants payable | $0 |
| Deferred revenue | $1,671,585 |
| 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 | $1,964,744 |
| Net assets without donor restrictions | $607,418 |
| Net assets with donor restrictions | $6,025 |
| 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 | $2,578,187 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Providence Academy has recieved totaling $45,326.
| Awarding Organization | Amount |
|---|---|
Ii Corinthians Foundation The Plains, VA PURPOSE: MATCHING ANNUAL FUND | $35,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $326 |
Endowment Analysis
| Beg. Balance | $5,000 |
| Ending Balance | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Clinical Chemistry Inc Washington, DC | $31,632,986 | $18,150,460 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Aids United Washington, DC | $16,240,693 | $19,019,266 |
Media Matters For America Washington, DC | $25,734,430 | $18,794,929 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
Appletree Institute For Education Innovation Inc Washington, DC | $11,136,365 | $16,950,350 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Association Of Schools And Programs Of Public Health Inc Washington, DC | $11,824,583 | $12,542,035 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |