Providence Day School
- Assets
- $110.5m
- Revenue
- $50.1m
- Investments
- $30.7m
- Employees
- 600
- Location
- Charlotte, NC
- Founding
- 06/1971
- Data as of
- 06/2021
- EIN
- 56-0952382
Organization Overview
Providence Day School is located in Charlotte, NC. The organization was established in 1971. 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 06/2021, Providence Day School employed 600 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Day 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 06/2021, Providence Day School generated $50.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $48.2m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE DAY SCHOOL IS AN INDEPENDENT TRANSITIONAL KINDERGARTEN (TK) THROUGH GRADE 12 COLLEGE PREPARATORY SCHOOL LOCATED IN SOUTHEAST CHARLOTTE ON A 46 ACRE CAMPUS. THE SCHOOL IS A MEMBER OF ROUND SQUARE INTERNATIONAL, NETWORK OF COMPLIMENTARY SCHOOLS , GEBG AND IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS.
SUMMER AT PROVIDENCE DAY OFFERS FULL- AND HALF-DAY PROGRAMS IN ACADEMICS, ART, SCIENCE, CULTURE, TECHNOLOGY, SPORTS, AND MORE. THE SUMMER PROGRAM IS OPEN TO THE PUBLIC.
THE EXTENDED DAY PROGRAM, A NATIONALLY RECOGNIZED AFTER-SCHOOL PROGRAM, FOR THE LOWER SCHOOL STUDENTS OF PROVIDENCE DAY SCHOOL. THE PROGRAM OPENS AFTER SCHOOL, ON TEACHER WORKDAYS AND MOST SCHOOL HOLIDAYS WITH ACTIVITY CHOICES THAT RANGE FROM ART, COOKING, GARDENING, SEWING AND SPORTS AS WELL AS OVER 20 WEEKLY ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glyn Cowlishaw Head Of School | Officer | 70 | $535,446 |
Jeff Appel Associate Head Of School | Officer | 55 | $279,168 |
Kristen Kral CFO | Officer | 55 | $243,525 |
Todd Swartz Assistant Head Of School A | Officer | 55 | $210,700 |
Michael Magno Assistant Head Of School Academics | Officer | 55 | $170,906 |
Eric Hedinger Head Of Upper School | 55 | $144,902 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Budd Group Janitorial Services | 6/29/21 | $469,489 |
Flikcompass Group Usa Dining Services | 6/29/21 | $130,916 |
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 | $2,080,784 |
| Noncash contributions included in lines 1a–1f | $465,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,080,784 |
| Total Program Service Revenue | $47,872,822 |
| Investment income | $25,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,063 |
| Net Gain/Loss on Asset Sales | $13,500 |
| Net Income from Fundraising Events | $125,861 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,140,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,432,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,649,852 |
| Compensation of current officers, directors, key employees. | $1,081,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,146,354 |
| Pension plan accruals and contributions | $1,192,291 |
| Other employee benefits | $6,177,885 |
| Payroll taxes | $1,632,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,117 |
| Fees for services: Accounting | $62,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,508 |
| Advertising and promotion | $268,497 |
| Office expenses | $444,849 |
| Information technology | $1,128,401 |
| Royalties | $0 |
| Occupancy | $1,353,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $922,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,541,058 |
| Insurance | $249,145 |
| All other expenses | $1,168,598 |
| Total functional expenses | $48,187,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,689,180 |
| Savings and temporary cash investments | $9,501,693 |
| Pledges and grants receivable | $970,817 |
| Accounts receivable, net | $898,968 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $313,089 |
| Prepaid expenses and deferred charges | $559,391 |
| Net Land, buildings, and equipment | $53,543,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,737,098 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $310,487 |
| Total assets | $110,524,658 |
| Accounts payable and accrued expenses | $1,695,646 |
| Grants payable | $0 |
| Deferred revenue | $21,129,377 |
| Tax-exempt bond liabilities | $23,418,547 |
| 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 | $1,021,418 |
| Total liabilities | $47,264,988 |
| Net assets without donor restrictions | $55,377,551 |
| Net assets with donor restrictions | $7,882,119 |
| 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 | $110,524,658 |
Grants Recieved
Over the last fiscal year, we have identified 59 grants that Providence Day School has recieved totaling $1,485,462.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $529,110 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $300,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $179,105 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $179,105 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $49,205 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $35,450 |
Endowment Analysis
| Beg. Balance | $15,434,509 |
| Earnings | $4,998,368 |
| Net Contributions | $1,804,227 |
| Other Expense | $189,405 |
| Ending Balance | $22,047,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |