Providence Academy Incorporated FY2021 filing

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The mission of Providence Academy is "uncompromising excellence in educating and equipping students with truth."

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$184K 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

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $286K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$184K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
Spent
$2.7M
To programs
87%
Net assets
$166K
By yearFY2021–FY2025
Revenue
$3.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$3.3M
FY2022$3.8M
FY2023$4.3M
FY2024$3.7M
FY2025$4.0M
Expenses
$2.7M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2.7M
FY2022$3.3M
FY2023$3.8M
FY2024$3.7M
FY2025$4.1M
Net assets
$166K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$166K
FY2022$613K
FY2023$1.1M
FY2024$1.1M
FY2025$1.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jun 2014.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $2.4M Management & general 11% · $306K Fundraising 2% · $50K

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

8 people listed on the 990; $184K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Former Headmaster
$184,210Pt VII · Sec A
Board Treasury
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
Head of School Beginning March 2021
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Janet Marsh Hale’s $227K as Head of School is at the 88th percentile of top reported officer pay among 3395 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Janet Marsh—$247,943$213,946$149,529—
Janet Marsh Hale$227,392————
Kevin Lockerbie————$184,210

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.

See Providence Academy Incorporated executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates and equips students with truth for uncompromising excellence.

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1 program · $2.4M · in their own filed words · FY2020
01

The private, independent christian school provides educational opportunities to students from pre-kindergarten through eighth grade under a capable and dedicatedfaculty. The students are educated to meet the future with skill, confidence, determination, and generosity of spirit. (total number of STUDENTS=204)

$2.4Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$22K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$2.8M
Gifts and grantsLn 1h$260K
Other incomeLn 4–11$249K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.4M
Managementcol C$306K
Fundraisingcol D$50K
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$2.2M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$260K
Government grantsLn 1e$30K
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$772
Other incomeLn 4–11$249K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
Accounts receivableLn 4$63K
Prepaid expenses and deferred chargesLn 9$45K
Land, buildings, equipmentLn 10c$71K
InvestmentsLn 11–13$2K
Other assetsLn 15$60K
Total assetsLn 16$2.2M
LiabilitiesLn 26$2.0M
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 564
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19FY18
End of yearLn 1g$5K$5K$5K$5K
Given inLn 1b$5K
SpentLn 1d–1f$11$10
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$620K$1.9M
InvestmentsLn 11–13$2K$2K
Land, buildings, equipmentLn 10c$85K$71K
Total assetsLn 16$826K$2.2M
LiabilitiesLn 26$1.2M$2.0M
Net assetsLn 32−$363K$166K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$53K$32K$11K$11K
Other salaries and wagesLn 7$1.6M$1.4M$111K$15K
Other employee benefitsLn 9$125K$112K$11K$2K
Payroll taxesLn 10$125K$112K$11K$2K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$45K$34K$11K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$40K$18K$18K$4K
Information technologyLn 14$26K$24K$2K$408
OccupancyLn 16$451K$415K$35K$2K
TravelLn 17$1K$1K$109$20
Depreciation, depletion and amortizationLn 22$68K$54K$7K$7K
Other expenses (24a–d)Ln 24$170K$132K$37K$1K
All other expensesLn 24e$36K$26K$7K$2K
Total functional expensesLn 25$2.7M$2.4M$306K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 1, 2025 $4.0M$4.1M−$78K$1.0M 990 PDF
FY2024Filed with the IRS Feb 19, 2025 $3.7M$3.7M$33K$1.1M 990 PDF
FY2023Filed with the IRS Nov 14, 2023 $4.3M$3.8M$500K$1.1M 990 PDF
FY2022Filed with the IRS Nov 14, 2022 $3.8M$3.3M$447K$613K 990 PDF
FY2021 ViewingFiled with the IRS May 13, 2022 $3.3M$2.7M$529K$166K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $3,269,232 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $173,486$260,226
I-9 Program service revenuePrior year $1,835,721$2,759,622
I-10 Investment incomePrior year $4,604$772
I-11 Other revenuePrior year $3,423$248,612
I-12 Total revenuePrior year $2,017,234$3,269,232
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 $1,474,331$1,855,212
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $715,409$885,074
I-18 Total expensesPrior year $2,189,740$2,740,286
I-19 Revenue less expensesPrior year −$172,506$528,946
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,269,232 across 6 lines filed
Lines not itemized here account for $1,435 of total revenue; see the IRS return.
VIII-1e Government grants$29,997
VIII-1f All other contributions, gifts and grants$230,229
VIII-1h Total contributions, gifts and grants$260,226
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,758,959$2,758,959
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $248,612$248,612
VIII-12 Total revenueRelated to mission $3,008,234 · Unrelated business $0 · Excluded from tax $772$3,269,232
Part IX · Statement of functional expenses $2,740,286 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,973 · Management $10,658 · Fundraising $10,658$53,289
IX-7 Other salaries and wagesPrograms $1,425,387 · Management $111,109 · Fundraising $15,128$1,551,624
IX-9 Other employee benefitsPrograms $111,611 · Management $11,471 · Fundraising $1,930$125,012
IX-10 Payroll taxesPrograms $111,856 · Management $11,497 · Fundraising $1,934$125,287
IX-11b Legal feesManagement $3,174$3,174
IX-11c Accounting feesManagement $40,192$40,192
IX-11g Other fees for servicesPrograms $33,832 · Management $11,462$45,294
IX-12 Advertising and promotionFundraising $3,739$3,739
IX-13 Office expensesPrograms $18,185 · Management $18,185 · Fundraising $4,041$40,411
IX-14 Information technologyPrograms $23,608 · Management $2,426 · Fundraising $408$26,442
IX-16 OccupancyPrograms $414,729 · Management $34,641 · Fundraising $1,550$450,920
IX-17 TravelPrograms $1,132 · Management $109 · Fundraising $20$1,261
IX-22 Depreciation, depletion and amortizationPrograms $54,047 · Management $6,756 · Fundraising $6,756$67,559
IX-24 Other expenses (24a–d)Programs $132,265 · Management $36,721 · Fundraising $1,439$170,425
IX-24e All other expensesPrograms $26,332 · Management $7,165 · Fundraising $2,160$35,657
IX-25 Total functional expensesPrograms $2,384,957 · Management $305,566 · Fundraising $49,763$2,740,286
Part X · Balance sheet $2,157,936 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $620,355$1,916,655
X-4 Accounts receivableStart of year $1,917$62,816
X-9 Prepaid expenses and deferred chargesStart of year $39,073$45,038
X-10c Land, buildings and equipment, netStart of year $85,388$71,000
X-11 Publicly traded securitiesStart of year $1,615$2,387
X-15 Other assetsStart of year $60,035$60,040
X-16 Total assetsStart of year $825,788$2,157,936
X-17 Accounts payable and accrued expensesStart of year $261,041$211,246
X-19 Deferred revenueStart of year $927,250$1,780,247
X-26 Total liabilitiesStart of year $1,188,291$1,991,493
X-27 Net assets without donor restrictionsStart of year −$385,393$160,418
X-28 Net assets with donor restrictionsStart of year $22,890$6,025
X-32 Total net assets or fund balancesStart of year −$362,503$166,443
X-33 Total liabilities and net assetsStart of year $825,788$2,157,936
Part XI · Reconciliation of net assets $166,443 net assets at year end
XI-1 Total revenue$3,269,232
XI-2 Total expenses$2,740,286
XI-3 Revenue less expenses$528,946
XI-4 Net assets at start of year−$362,503
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$166,443

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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