Providence Ministries Inc
- Assets
- $7.2m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 240
- Location
- Dalton, GA
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 58-1592141
Organization Overview
Providence Ministries Inc is located in Dalton, GA. The organization was established in 1985. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Providence Ministries Inc employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Ministries Inc 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 12/2023, Providence Ministries Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $9.7m during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOOD AND SHELTER TO THE NEEDY; PROVIDE NEWSLETTER TO SUPPORTERS AND CONCERNED CITIZENS; PROVIDE TRANSITIONAL HOMES AND SUPPORT TO RECOVERING ADDICTS; PROVIDE THRIFT STORES TO THE NEEDY; PROVIDE SHELTER AND SUPPORT TO BATTERED WOMEN
Describe the Organization's Program Activity:
PROVIDE FOOD AND SHELTER TO THE NEEDY; PROVIDE NEWSLETTER TO SUPPORTERS AND CONCERNED CITIZENS; PROVIDE TRANSITIONAL HOMES AND SUPPORT TO RECOVERING ADDICTS; PROVIDE THRIFT STORES TO THE NEEDY; PROVIDE SHELTER AND SUPPORT TO BATTERED WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy G Johnson President | OfficerTrustee | 40 | $169,276 |
Edith D Johnson Manager/trea | OfficerTrustee | 40 | $109,174 |
Tom Mcmullen Director | Trustee | 1 | $0 |
Kevin Shelton Director | Trustee | 1 | $0 |
Paul Mcmurray Director | Trustee | 1 | $0 |
Larry Styles Director | Trustee | 1 | $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 | $8,802,968 |
| Noncash contributions included in lines 1a–1f | $8,138,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,802,968 |
| Total Program Service Revenue | $430,303 |
| Investment income | $4,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $533,997 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,019,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100 |
| 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. | $278,450 |
| Compensation of current officers, directors, key employees. | $278,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,849,971 |
| Pension plan accruals and contributions | $60,000 |
| Other employee benefits | $7,589 |
| Payroll taxes | $243,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,912 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227 |
| Advertising and promotion | $148,086 |
| Office expenses | $321,929 |
| Information technology | $20,585 |
| Royalties | $0 |
| Occupancy | $1,354,804 |
| Travel | $560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,415 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $517,940 |
| All other expenses | $691,798 |
| Total functional expenses | $9,696,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,015,313 |
| Savings and temporary cash investments | $440,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $634 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $162,476 |
| Prepaid expenses and deferred charges | $113,022 |
| Net Land, buildings, and equipment | $4,413,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,354 |
| Total assets | $7,202,183 |
| Accounts payable and accrued expenses | $133,288 |
| 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 | $0 |
| Total liabilities | $133,288 |
| Net assets without donor restrictions | $7,068,895 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,202,183 |