Providence Preparatory School FY2023 filing

Tax-deductible

Belton, TX501(c)(3)EducationEIN 27-3267917Revenue $2.4M in FY2023

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.
$188K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
$188K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 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
$922K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 10 voting members
Worth a look: 3 of 10 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+6% vs prior year
Spent
$2.3M
To programs
98%
Net assets
$922K
By yearFY2020–FY2025
Revenue
$2.4M
FY2023▲ +6%
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
$2.3M
FY2023▲ +9%
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
$922K
FY2023▲ +29%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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% · $2.3M Management & general 2% · $47K Fundraising 0% · $752

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; $188K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$85,797Pt VII · Sec A
Director of Operations
$41,454Pt VII · Sec A
Director/Employee
$26,023Pt VII · Sec A
Director/Employee
$24,666Pt VII · Sec A
Director/Employee
$10,307Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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
  • Loans to or from officersSch L · Pt II1 listed

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 · $2.3M · in their own filed words · FY2022
01

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

$2.3Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$229K
Other incomeLn 4–11$30K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.3M
Managementcol C$47K
Fundraisingcol D$752
Owns and owesPt X
$922K
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.8M
LiabilitiesLn 26$922K
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$229K
Government grantsLn 1e$27K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$7K
Other incomeLn 4–11$30K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$895K
SavingsLn 2$521K
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$378K
Total assetsLn 16$1.8M
LiabilitiesLn 26$922K
Net assetsLn 32$922K
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 FY23End FY23
Cash and savingsLn 1–2$1.1M$1.4M
Land, buildings, equipmentLn 10c$343K$378K
Total assetsLn 16$1.5M$1.8M
LiabilitiesLn 26$753K$922K
Net assetsLn 32$717K$922K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$450$450
Pay of current officers, directors and key staffLn 5$188K$188K
Other salaries and wagesLn 7$1.3M$1.3M
Pension plan contributionsLn 8$37K$37K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$109K$109K
Legal feesLn 11b$250$250
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$42K$32K$11K
Information technologyLn 14$72K$64K$8K
OccupancyLn 16$195K$195K
TravelLn 17$4K$447$3K
Conferences, conventions and meetingsLn 19$1K$574$440
InterestLn 20$105$105
Depreciation, depletion and amortizationLn 22$87K$87K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$196K$196K
All other expensesLn 24e$13K$10K$2K$752
Total functional expensesLn 25$2.3M$2.3M$47K$752

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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $2,410,083 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $374,493$228,615
I-9 Program service revenuePrior year $1,892,962$2,143,810
I-10 Investment incomePrior year $919$7,448
I-11 Other revenuePrior year −$3,717$30,210
I-12 Total revenuePrior year $2,264,657$2,410,083
I-13 Grants and similar amounts paidPrior year $0$450
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,608,928$1,655,121
I-16a Professional fundraising feesPrior year $47,219$0
I-17 Other expensesPrior year $460,793$644,825
I-18 Total expensesPrior year $2,116,940$2,300,396
I-19 Revenue less expensesPrior year $147,717$109,687
Part VI · Governance 3 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members3
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 $2,410,083 across 7 lines filed
Lines not itemized here account for $30,062 of total revenue; see the IRS return.
VIII-1e Government grants$27,112
VIII-1f All other contributions, gifts and grants$201,503
VIII-1h Total contributions, gifts and grants$228,615
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,143,810$2,143,810
VIII-3 Investment incomeExcluded from tax $7,448$7,448
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $148$148
VIII-12 Total revenueRelated to mission $2,173,872 · Unrelated business $0 · Excluded from tax $7,596$2,410,083
Part IX · Statement of functional expenses $2,300,396 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $450$450
IX-5 Pay of current officers, directors and key staffPrograms $188,246$188,246
IX-7 Other salaries and wagesPrograms $1,311,641$1,311,641
IX-8 Pension plan contributionsPrograms $36,590$36,590
IX-9 Other employee benefitsPrograms $10,098$10,098
IX-10 Payroll taxesPrograms $108,546$108,546
IX-11b Legal feesManagement $250$250
IX-11c Accounting feesManagement $6,088$6,088
IX-11g Other fees for servicesPrograms $11,397$11,397
IX-12 Advertising and promotionPrograms $1,692$1,692
IX-13 Office expensesPrograms $31,513 · Management $10,632$42,145
IX-14 Information technologyPrograms $63,588 · Management $8,438$72,026
IX-16 OccupancyPrograms $194,583$194,583
IX-17 TravelPrograms $447 · Management $3,148$3,595
IX-19 Conferences, conventions and meetingsPrograms $574 · Management $440$1,014
IX-20 InterestManagement $105$105
IX-22 Depreciation, depletion and amortizationPrograms $86,896$86,896
IX-23 InsuranceManagement $15,798$15,798
IX-24 Other expenses (24a–d)Programs $195,888$195,888
IX-24e All other expensesPrograms $10,101 · Management $2,495 · Fundraising $752$13,348
IX-25 Total functional expensesPrograms $2,252,250 · Management $47,394 · Fundraising $752$2,300,396
Part X · Balance sheet $1,844,601 assets, 11 lines filed
Asset lines not itemized here account for $100; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $861,406$894,747
X-2 Savings and temporary cash investmentsStart of year $263,349$520,797
X-8 Inventories for sale or use$10,051
X-9 Prepaid expenses and deferred chargesStart of year $3,032$40,651
X-10c Land, buildings and equipment, netStart of year $342,648$378,255
X-16 Total assetsStart of year $1,470,435$1,844,601
X-17 Accounts payable and accrued expensesStart of year $69,751$55,803
X-19 Deferred revenueStart of year $683,312$866,471
X-26 Total liabilitiesStart of year $753,063$922,274
X-32 Total net assets or fund balancesStart of year $717,372$922,327
X-33 Total liabilities and net assetsStart of year $1,470,435$1,844,601
Part XI · Reconciliation of net assets $922,327 net assets at year end
XI-1 Total revenue$2,410,083
XI-2 Total expenses$2,300,396
XI-3 Revenue less expenses$109,687
XI-4 Net assets at start of year$717,372
XI-8 Prior period adjustments$95,268
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$922,327

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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