Providence Christian Academy Inc
- Assets
- $21.2m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 292
- Location
- Lilburn, GA
- Founding
- 04/1992
- Data as of
- 06/2022
- EIN
- 58-1935054
Organization Overview
Providence Christian Academy Inc is located in Lilburn, GA. The organization was established in 1992. 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 Christian Academy Inc employed 292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Christian Academy 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 06/2022, Providence Christian Academy Inc generated $15.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $16.7m during the year ending 06/2022. While expenses have increased by 6.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXCELLENCE IN CHRIST-CENTERED EDUCATION AS AN EXTENSION OF THE CHRISTIAN HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE CHRISTIAN ACADEMY PROVIDES QUALITY EDUCATION IN A CHRIST-CENTERED ENVIRONMENT TO A LARGE NUMBER OF CHILDREN IN PRESCHOOL THROUGH 12TH GRADE. THE ENROLLMENT FOR THE 2021 - 2022 SCHOOL YEAR WAS APPROXIMATELY 741 STUDENTS.
THE ACADEMY HAS FOUND ANOTHER WAY TO IMPACT THE WORLD FOR CHRIST BY LICENSING ITS PRODUCT AND INTELLECTUAL PROPERTY TO ANOTHER SCHOOL IN SOUTH KOREA. THIS AFFILIATE SCHOOL OF PROVIDENCE CHRISTIAN ACADEMY USA OFFERS A QUALITY, CHRIST-CENTERED EDUCATION TO FAMILIES IN THE GANGNAM AREA OF SEOUL, SOUTH KOREA. PROVIDENCE KOREA OPENED IN THE FALL OF 2020 AND IS MODELED AFTER PROVIDENCE CHRISTIAN ACADEMY. THE SCHOOL IS AN ENGLISH-SPEAKING, AMERICAN EDUCATION MODEL SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Patel Board Secretary | OfficerTrustee | 4 | $0 |
Drew Clements Board Treasurer | OfficerTrustee | 4 | $0 |
Keith Style Board Chair | OfficerTrustee | 2 | $0 |
Stephen Murray Vice Chairperson | OfficerTrustee | 2 | $0 |
Michelle Hamilton Board Asst Secretary | Trustee | 4 | $0 |
Doris Brackett Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seibert & Son Inc Construction | 6/29/20 | $444,636 |
Specialty Construction Group Inc Athletic Field Wall/renovation | 6/29/20 | $109,204 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,926 |
| Related organizations | $0 |
| Government grants | $1,556,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $664,434 |
| Noncash contributions included in lines 1a–1f | $2,804 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,333,959 |
| Total Program Service Revenue | $13,140,710 |
| Investment income | $99,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,075 |
| Net Gain/Loss on Asset Sales | -$341,781 |
| Net Income from Fundraising Events | -$34,641 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,175,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,307,392 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $548,852 |
| Compensation of current officers, directors, key employees. | $356,754 |
| Compensation to disqualified persons | $2,035 |
| Other salaries and wages | $6,900,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,457,410 |
| Payroll taxes | $546,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,365 |
| Office expenses | $103,506 |
| Information technology | $348,151 |
| Royalties | $0 |
| Occupancy | $566,234 |
| Travel | $85,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,090,542 |
| Insurance | $46,714 |
| All other expenses | $621,042 |
| Total functional expenses | $16,722,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,166,196 |
| Savings and temporary cash investments | $8,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,886,204 |
| 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 | $230,229 |
| Net Land, buildings, and equipment | $14,277,721 |
| Investments—publicly traded securities | $2,625,718 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,194,624 |
| Accounts payable and accrued expenses | $1,253,952 |
| Grants payable | $0 |
| Deferred revenue | $2,310,479 |
| 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 | $117,737 |
| Total liabilities | $3,682,168 |
| Net assets without donor restrictions | $17,054,584 |
| Net assets with donor restrictions | $457,872 |
| 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 | $21,194,624 |