Providence Classical School
- Assets
- $14.1m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 135
- Location
- Spring, TX
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 76-0627472
Organization Overview
Providence Classical School is located in Spring, TX. The organization was established in 2000. 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 Classical School employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Classical 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 06/2022, Providence Classical School generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 5.9% 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
A FULLY ACCREDITED CHRISTIAN SCHOOL IN THE NORTH HOUSTON AREA THAT USES THE CLASSICAL MODEL TO TRAIN PREK-12TH GRADE STUDENTS TO IMPACT THEIR CULTURE FOR CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENCE CLASSICAL SCHOOL PROVIDED EDUCATION FOR OVER 400 STUDENTS IN GRADES PRE-K THROUGH TWELVE DURING THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Halloran Head Of School | 40 | $161,555 | |
John Young Vice Chair | OfficerTrustee | 6 | $0 |
Charlton Wimberly Chair | OfficerTrustee | 6 | $0 |
Matt Sneller Member | OfficerTrustee | 6 | $0 |
Sheri Pickle Secretary | Trustee | 6 | $0 |
Cindy Metry Treasurer | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $200,961 |
| Related organizations | $0 |
| Government grants | $2,150,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,690,746 |
| Total Program Service Revenue | $4,822,538 |
| Investment income | $2,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,825 |
| Net Gain/Loss on Asset Sales | -$17 |
| Net Income from Fundraising Events | $21,695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,576,979 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,337,493 |
| Pension plan accruals and contributions | $66,587 |
| Other employee benefits | $218,290 |
| Payroll taxes | $238,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,600 |
| Fees for services: Accounting | $15,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,786 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $55,758 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $426,748 |
| Insurance | $51,693 |
| All other expenses | $311,723 |
| Total functional expenses | $6,218,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $745,204 |
| Savings and temporary cash investments | $1,469,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,734,189 |
| 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 | $48,004 |
| Net Land, buildings, and equipment | $10,003,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,364 |
| Total assets | $14,066,259 |
| Accounts payable and accrued expenses | $310,054 |
| Grants payable | $0 |
| Deferred revenue | $1,169,942 |
| 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 | $3,525,451 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,298 |
| Total liabilities | $5,023,745 |
| Net assets without donor restrictions | $8,968,174 |
| Net assets with donor restrictions | $74,340 |
| 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 | $14,066,259 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Providence Classical School has recieved totaling $34,828.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Carden Family Private Foundation Spring, TX PURPOSE: GENERAL FUNDGENERAL FUND | $2,500 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $1,505 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $823 |
Endowment Analysis
| Beg. Balance | $32,238 |
| Net Contributions | $66 |
| Ending Balance | $32,304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Baton Rouge Christian Education Foundation Inc Baton Rouge, LA | $25,217,556 | $20,900,810 |
Alcuin School Dallas, TX | $59,182,125 | $20,381,763 |
Oakridge School Inc Arlington, TX | $19,389,993 | $20,174,539 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Education Service Center Region Ii Of Texas Corpus Christi, TX | $24,486,082 | $17,593,515 |
The Woodlands Christian Academy The Woodlands, TX | $44,326,696 | $20,493,923 |
Odyssey 2020 Academy Inc Galveston, TX | $23,994,459 | $17,751,222 |
El Paso Education Initiative Inc El Paso, TX | $37,947,839 | $17,386,289 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Energized For Excellence Academy Houston, TX | $1,351,482 | $18,898,659 |
Houston Gateway Academy Inc Houston, TX | $78,886,053 | $32,736,217 |