Provident Group - Howard Center
- Assets
- $40.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 83-1863389
Organization Overview
Provident Group - Howard Center 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 - Howard Center 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDENT GROUP - HOWARD CENTER 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 - HOWARD CENTER 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Planned Security Services Inc Security Services | 12/30/21 | $206,157 |
Provident Resources Group Inc Management Services | 12/30/21 | $164,396 |
Corvias Management Llc Management Services | 12/30/21 | $105,357 |
J&b Cleaning Services Cleaning Services | 12/30/21 | $123,152 |
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 | $2,168,645 |
| Investment income | $0 |
| 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 | $2,176,245 |
| 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 | $161,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,506 |
| Payroll taxes | $15,607 |
| Fees for services: Management | $255,272 |
| Fees for services: Legal | $14,341 |
| Fees for services: Accounting | $30,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,560 |
| Advertising and promotion | $131 |
| Office expenses | $34,178 |
| Information technology | $26,555 |
| Royalties | $0 |
| Occupancy | $276,521 |
| Travel | $2,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,299,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $675,055 |
| Insurance | $57,883 |
| All other expenses | $0 |
| Total functional expenses | $4,403,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,077 |
| 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 | $33,222 |
| Net Land, buildings, and equipment | $25,370,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,185,856 |
| Total assets | $40,001,343 |
| Accounts payable and accrued expenses | $2,204,142 |
| Grants payable | $0 |
| Deferred revenue | $13,012 |
| Tax-exempt bond liabilities | $32,601,624 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $540,554 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,023,369 |
| Total liabilities | $46,382,701 |
| Net assets without donor restrictions | -$6,381,358 |
| 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 | $40,001,343 |
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