Provident Group - Bison Properties Inc
- Assets
- $267.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 83-1863389
Organization Overview
Provident Group - Bison Properties Inc is located in Baton Rouge, LA. The organization was established in 2018. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Provident Group - Bison Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDENT GROUP - BISON PROPERTIES INC. PROMOTES AND ADVANCES EDUCATION THROUGH THE ACQUIRING, CONSTRUCTING, RENOVATING, FURNISHING, EQUIPPING, FINANCING, OWNING, OPERATING, AND MAINTAINING A MIXED-USE FACILITY ON THE CAMPUS OF HOWARD UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDENT GROUP - BISON PROPERTIES INC. PROMOTES AND ADVANCES EDUCATION THROUGH THE ACQUIRING, FINANCING, MAINTAINING, AND FURNISHING OF EDUCATION - RELATED FACILITIES AND THROUGH THE PROVISION OF VARIOUS RELATED PROGRAMS, ACTIVITIES, AND SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President/secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Provident Resources Group Inc Management Services | 12/30/22 | $164,307 |
Corvias Management Llc Management Services | 12/30/22 | $106,028 |
Planned Security Services Inc Security Services | 12/30/22 | $102,364 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,136,566 |
| Investment income | $88,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,232,622 |
| 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 | $350,228 |
| Pension plan accruals and contributions | $733 |
| Other employee benefits | $34,552 |
| Payroll taxes | $29,691 |
| Fees for services: Management | $391,079 |
| Fees for services: Legal | $2,912 |
| Fees for services: Accounting | $22,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,067 |
| Advertising and promotion | $34,575 |
| Office expenses | $34,264 |
| Information technology | $11,421 |
| Royalties | $0 |
| Occupancy | $307,013 |
| Travel | $16,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,896,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,078,599 |
| Insurance | $229,466 |
| All other expenses | $0 |
| Total functional expenses | $7,262,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,293,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,656,440 |
| 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 | $258,840 |
| Net Land, buildings, and equipment | $222,532,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,759,389 |
| Total assets | $267,501,075 |
| Accounts payable and accrued expenses | $8,314,306 |
| Grants payable | $0 |
| Deferred revenue | $999,790 |
| Tax-exempt bond liabilities | $294,362,738 |
| 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 | $5,308,610 |
| Total liabilities | $308,985,444 |
| Net assets without donor restrictions | -$41,484,369 |
| 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 | $267,501,075 |