Providence Preparatory School FY2020 filing

Tax-deductible

Belton, TX501(c)(3)EducationEIN 27-3267917Revenue $1.8M in FY2020

On file with the IRSprovprep.org2608 N Main St Ste B Pmb 193, 76513-1547 · Belton, TXTax-exempt since Oct 2013School — 170(b)(1)(A)(ii)

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Providence Preparatory School is a christian, classical, collaborative prek-12 School.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$157K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $197K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$157K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $54K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$554K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 10 voting members
Looks good: 7 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.6M
To programs
98%
Net assets
$669K
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$2.3M
FY2023$2.4M
FY2024$2.8M
FY2025$3.0M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$2.1M
FY2023$2.3M
FY2024$2.6M
FY2025$2.6M
Net assets
$669K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$669K
FY2021$665K
FY2022$717K
FY2023$922K
FY2024$1.2M
FY2025$1.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.6M Management & general 2% · $31K Fundraising 0% · $156

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $157K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$96,436Pt VII · Sec A
Director of Operations
$30,041Pt VII · Sec A
$25,755Pt VII · Sec A
Founding Director
$5,160Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Brad Almond’s $8K as Director/Employee is at the 2nd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brett Billman———$104,074$84,504$96,436
Bret Billman——$85,797———
Elizabeth Kemp———$61,825——
Colleen Stafford———$45,727——
Shannon Morrison——$41,454$44,150$44,208$30,041
Carol Brown$5,425$6,547$26,023$30,020——
Christy Porterfield——$24,666$21,841$23,710$25,755
Brad Almond$8,132$7,750$10,307——$5,160

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children from pre-kindergarten through 12th grade with a Christian, classical, and collaborative approach.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2019
01

Providence preparatory school is a christian, classical, collaborative PREK-12 school.

$1.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$54K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$219K
Gifts and grantsLn 1h$143K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.6M
Managementcol C$31K
Fundraisingcol D$156
Owns and owesPt X
$669K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$554K
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$143K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$6K
Other incomeLn 4–11$219K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$584K
SavingsLn 2$428K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$207K
Total assetsLn 16$1.2M
LiabilitiesLn 26$554K
Net assetsLn 32$669K
OperationsPt I, VI
EmployeesI 5115
VolunteersI 665
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$767K$1.0M
Land, buildings, equipmentLn 10c$214K$207K
Total assetsLn 16$984K$1.2M
LiabilitiesLn 26$564K$554K
Net assetsLn 32$420K$669K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$157K$157K
Other salaries and wagesLn 7$1.0M$1.0M
Pension plan contributionsLn 8$30K$30K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$92K$92K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$15K$8K$6K
Information technologyLn 14$14K$7K$7K
OccupancyLn 16$116K$116K
TravelLn 17$1K$449$599
Conferences, conventions and meetingsLn 19$350$350
InterestLn 20$64$64
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$87K$87K
All other expensesLn 24e$27K$26K$847$156
Total functional expensesLn 25$1.6M$1.6M$31K$156

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.0M$2.6M$432K$1.6M 990 PDF
FY2024 $2.8M$2.6M$248K$1.2M 990 PDF
FY2023 $2.4M$2.3M$110K$922K 990 PDF
FY2022 $2.3M$2.1M$148K$717K 990 PDF
FY2021 $1.8M$1.8M−$4K$665K 990 PDF
FY2020 Viewing $1.8M$1.6M$249K$669K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,847,589 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,585$143,001
I-9 Program service revenuePrior year $1,407,933$1,479,874
I-10 Investment incomePrior year $6,580$5,939
I-11 Other revenuePrior year $13,667$218,775
I-12 Total revenuePrior year $1,508,765$1,847,589
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,153,713$1,309,580
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $277,641$289,167
I-18 Total expensesPrior year $1,431,354$1,598,747
I-19 Revenue less expensesPrior year $77,411$248,842
Part VI · Governance 7 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,847,589 across 6 lines filed
Lines not itemized here account for $1,598 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$143,001
VIII-1h Total contributions, gifts and grants$143,001
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,479,874$1,479,874
VIII-3 Investment incomeExcluded from tax $5,939$5,939
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $216,900 · Excluded from tax $277$217,177
VIII-12 Total revenueRelated to mission $1,698,372 · Unrelated business $0 · Excluded from tax $6,216$1,847,589
Part IX · Statement of functional expenses $1,598,747 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $157,392$157,392
IX-7 Other salaries and wagesPrograms $1,020,100$1,020,100
IX-8 Pension plan contributionsPrograms $29,693$29,693
IX-9 Other employee benefitsPrograms $10,304$10,304
IX-10 Payroll taxesPrograms $92,091$92,091
IX-11c Accounting feesManagement $5,823$5,823
IX-11g Other fees for servicesPrograms $4,939$4,939
IX-12 Advertising and promotionPrograms $1,931$1,931
IX-13 Office expensesPrograms $8,345 · Management $6,342$14,687
IX-14 Information technologyPrograms $6,855 · Management $7,134$13,989
IX-16 OccupancyPrograms $116,464$116,464
IX-17 TravelPrograms $449 · Management $599$1,048
IX-19 Conferences, conventions and meetingsPrograms $350$350
IX-20 InterestManagement $64$64
IX-22 Depreciation, depletion and amortizationPrograms $6,397$6,397
IX-23 InsuranceManagement $9,970$9,970
IX-24 Other expenses (24a–d)Programs $86,550$86,550
IX-24e All other expensesPrograms $25,952 · Management $847 · Fundraising $156$26,955
IX-25 Total functional expensesPrograms $1,567,812 · Management $30,779 · Fundraising $156$1,598,747
Part X · Balance sheet $1,222,725 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $283,280$584,183
X-2 Savings and temporary cash investmentsStart of year $483,973$427,645
X-9 Prepaid expenses and deferred chargesStart of year $3,105$3,438
X-10c Land, buildings and equipment, netStart of year $213,856$207,459
X-16 Total assetsStart of year $984,214$1,222,725
X-17 Accounts payable and accrued expensesStart of year $49,078$31,319
X-19 Deferred revenueStart of year $514,770$522,198
X-26 Total liabilitiesStart of year $563,848$553,517
X-32 Total net assets or fund balancesStart of year $420,366$669,208
X-33 Total liabilities and net assetsStart of year $984,214$1,222,725
Part XI · Reconciliation of net assets $669,208 net assets at year end
XI-1 Total revenue$1,847,589
XI-2 Total expenses$1,598,747
XI-3 Revenue less expenses$248,842
XI-4 Net assets at start of year$420,366
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$669,208

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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