Providence Christian Academy Inc
- Assets
- $23.1m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 256
- Location
- Lilburn, GA
- Founding
- 04/1992
- Data as of
- 06/2021
- 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 06/2021, Providence Christian Academy Inc employed 256 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 06/2021, Providence Christian Academy Inc generated $16.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $14.5m during the year ending 06/2021. While expenses have increased by 4.1% 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
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 2020 - 2021 SCHOOL YEAR WAS APPROXIMATELY 700 STUDENTS.
PROVIDENCE CHRISTIAN ACADEMY LICENSED ITS PRODUCT AND INTELLECTUAL PROPERTY TO A SCHOOL IN SOUTH KOREA WHICH OPENED IN THE FALL OF 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carter S Chapman Head Of School | Officer | 50 | $128,900 |
Jenni Edwards Director Of Finance | Officer | 50 | $66,827 |
Kerry Mallory Board Chair | OfficerTrustee | 2 | $0 |
Andrew Clements Board Treasurer | OfficerTrustee | 4 | $0 |
Lisa Patel Board Secretary | OfficerTrustee | 2 | $0 |
Marli Chapman Director | Officer | 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 | $0 |
| Related organizations | $0 |
| Government grants | $3,209,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,432 |
| Noncash contributions included in lines 1a–1f | $17,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,910,936 |
| Total Program Service Revenue | $12,174,693 |
| Investment income | $35,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,091,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,595,126 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $320,276 |
| Compensation of current officers, directors, key employees. | $208,179 |
| Compensation to disqualified persons | $124,619 |
| Other salaries and wages | $6,585,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,144,569 |
| Payroll taxes | $469,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,905 |
| Fees for services: Accounting | $23,673 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,017 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,511 |
| Office expenses | $93,141 |
| Information technology | $274,211 |
| Royalties | $0 |
| Occupancy | $607,933 |
| Travel | $86,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,202,731 |
| Insurance | $75,036 |
| All other expenses | $808,269 |
| Total functional expenses | $14,527,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,403,516 |
| Savings and temporary cash investments | $410,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,939,023 |
| 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 | $244,368 |
| Net Land, buildings, and equipment | $15,238,389 |
| Investments—publicly traded securities | $3,853,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,088,680 |
| Accounts payable and accrued expenses | $515,275 |
| Grants payable | $0 |
| Deferred revenue | $2,284,494 |
| 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 | $692,638 |
| Total liabilities | $3,492,407 |
| Net assets without donor restrictions | $19,079,932 |
| Net assets with donor restrictions | $516,341 |
| 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 | $23,088,680 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Providence Christian Academy Inc has recieved totaling $44,790.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,980 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $11,810 |
Endowment Analysis
| Beg. Balance | $260,836 |
| Earnings | $3,120 |
| Ending Balance | $263,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Benjamin Private School Inc North Palm Beach, FL | $92,959,329 | $35,673,109 |