Provident Resources Group, Inc. provides for the needs of the elderly, promotes healthy communities, serves the poor & distressed, promotes education, and lessens the burden of government.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$7.0M 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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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $48.2M a year · 17% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 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
$7.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Named funders
3
named funders · $250K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.6B
112% of total assets
Concern: liabilities are 112% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$356.1M
+11% vs prior year
Spent
$399.3M
To programs
98%
Net assets
−$481.7M
By yearFY2020–FY2024
Revenue
$356.1M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$186.7M
FY2021$208.3M
FY2022$333.2M
FY2023$321.6M
FY2024$356.1M
Expenses
$399.3M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$262.0M
FY2021$293.6M
FY2022$337.5M
FY2023$354.5M
FY2024$399.3M
Net assets
−$481.7M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020−$334.4M
FY2021−$413.7M
FY2022−$405.9M
FY2023−$438.7M
FY2024−$481.7M

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Jun 2000.

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% · $389.5M Management & general 2% · $9.8M

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

15 people listed on the 990; $7.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chairman and Chief Executive Officer
$3,471,707Pt VII · Sec A
$794,040Pt VII · Sec A
Chief Legal Officer
$604,250Pt VII · Sec A
Chief Financial Officer
$502,147Pt VII · Sec A
Chief Operating Officer
$464,590Pt VII · Sec A
Chief Accounting Officer
$407,137Pt VII · Sec A
Controller
$213,723Pt VII · Sec A
Avp Administration
$193,461Pt VII · Sec A

Steve Hicks’s $3.5M as Chairman and Chief Executive Officer is at the 93rd percentile of top reported officer pay among 1747 $100M+ health care 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

NameFY2023FY2022FY2021FY2020
Steve Hicks$3,471,707$946,021$912,557$569,585
Christopher Hicks$794,040$934,379$569,354$394,333
Donovan O Hicks$604,250$713,316$525,666$391,965
Marla P Scannicchio$502,147$451,706$389,685—
David Grand JR$464,590$399,079$337,574$239,391
Pamela Forestier$407,137$359,995$307,244$192,941
Debra W Lockwood———$336,186
Marla Scannicchio———$291,528

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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Programs and updates

Develops, finances, and manages public infrastructure, government facilities, and community programs to support the elderly, the poor, education, and local governments.

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Provided by the organization

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3 programs · $340.9M · in their own filed words · FY2023
01

The education resources division promotes and advances education through the development, construction, operation, financing and management of facilities of various types, including student housing, health and wellness, as well as academic and administrative space for the benefit of colleges and universities throughout the country.

$204.0Mprogram expense
02

The senior living resources division offers activities, services and programs designed to meet the special needs of the elderly, including housing and health care, within an environment that promotes the dignity and independence of the residents.

$87.6Mprogram expense
03

The Government Resources Division pursues projects designed to lessen the burdens of government. We are committed to easing the financial and budgetary constraints of state and local governments through various means, including the development, financing, construction, management, and operation of public facilities, government buildings…

$49.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 1 grant · $25K · 2021–2021
L S U FoundationLA · FY2021$25,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$356.1M
Ln 12
Other incomeLn 4–11$332.9M
Gifts and grantsLn 1h$23.2M
Money outPt IX
$399.3M
Ln 25
Programscol B$389.5M
Managementcol C$9.8M
Owns and owesPt X
−$481.7M
net assets · Ln 32
Total assetsLn 16$4.1B
LiabilitiesLn 26$4.6B
PeoplePt VI, VII
15
listed · VII A
PaidVII A15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23.2M
Other incomeLn 4–11$332.9M
Total revenueLn 12$356.1M
Assets in detailPt X, end of year
Total assetsLn 16$4.1B
LiabilitiesLn 26$4.6B
Net assetsLn 32−$481.7M
OperationsPt I, VI
EmployeesI 5130
VolunteersI 60
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $356.1M$399.3M−$43.1M−$481.7M 990 PDF
FY2023 $321.6M$354.5M−$32.9M−$438.7M 990 PDF
FY2022 $333.2M$337.5M−$4.3M−$405.9M 990 PDF
FY2021 $208.3M$293.6M−$85.3M−$413.7M 990 PDF
FY2020 $186.7M$262.0M−$75.3M−$334.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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