Provident Commonwealth Education Resources II INC FY2020 filing

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Provident Commonwealth Education Resources II, Inc. promotes and advances education through the acquisition, planning, development, financing, equipping, managing, operating, and maintaining of one or more dormitory facilities, dining facilities, parking facilities, and other ancillary facilities on the campus of The University of Massachusetts Dartmouth and member institutions.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 $4.2M a year · 51% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$166.4M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$4.9M
To programs
99%
Net assets
−$3.5M
By yearFY2020–FY2024
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$6.4M
FY2022$10.0M
FY2023$11.6M
FY2024$11.6M
Expenses
$4.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$13.8M
FY2022$14.5M
FY2023$14.5M
FY2024$14.2M
Net assets
−$3.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.5M
FY2021−$10.9M
FY2022−$15.4M
FY2023−$18.4M
FY2024−$21.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2018.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $4.8M Management & general 1% · $71K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer (partial Year)
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Clerk/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President and Assistance Treasurer
$0Pt VII · Sec A
Vice President and Assistant Treasurer (partial Year)
$0Pt VII · Sec A
See Provident Commonwealth Education Resources II INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides and manages campus facilities to support education at UMass Dartmouth.

Questions for Provident Commonwealth Education Resources II INC

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1 program · $4.8M · in their own filed words · FY2020
01

Provident commonwealth education resources ii inc. Promotes and advances education through the development, construction, acquisition, ownership, management, maintenance, operation, and disposition of education - related facilities and through the provision of various related programs, activities and services.

$4.8Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$194K
Other incomeLn 4–11$4K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.8M
Managementcol C$71K
Owns and owesPt X
−$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$408K
Total assetsLn 16$162.9M
LiabilitiesLn 26$166.4M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$194K
Other incomeLn 4–11$4K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$408K
Cash and savings togetherLn 1–2$408K
Accounts receivableLn 4$212K
Prepaid expenses and deferred chargesLn 9$81K
Land, buildings, equipmentLn 10c$145.1M
Other assetsLn 15$17.1M
Total assetsLn 16$162.9M
LiabilitiesLn 26$166.4M
Net assetsLn 32−$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$135.9M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$138.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$100K$408K
Land, buildings, equipmentLn 10c$95.4M$145.1M
Total assetsLn 16$177.2M$162.9M
LiabilitiesLn 26$177.2M$166.4M
Net assetsLn 32$0−$3.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K$105K
Pension plan contributionsLn 8$605$605
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$183K$113K$71K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$4K$4K$0$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$22K$22K
Information technologyLn 14$8K$8K
OccupancyLn 16$264K$264K
TravelLn 17$2K$2K
InterestLn 20$2.3M$2.3M
Depreciation, depletion and amortizationLn 22$1.6M$1.6M
InsuranceLn 23$81K$81K
Other expenses (24a–d)Ln 24$251K$251K
All other expensesLn 24e$2K$2K$0$0
Total functional expensesLn 25$4.9M$4.8M$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $11.6M$14.2M−$2.6M−$21.0M 990 PDF
FY2023Filed with the IRS Feb 3, 2025 $11.6M$14.5M−$3.0M−$18.4M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $10.0M$14.5M−$4.5M−$15.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $6.4M$13.8M−$7.4M−$10.9M 990 PDF
FY2020 ViewingFiled with the IRS Dec 14, 2021 $1.4M$4.9M−$3.5M−$3.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,406,088 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$1,207,880
I-10 Investment income$193,745
I-11 Other revenue$4,463
I-12 Total revenuePrior year $0$1,406,088
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$125,133
I-16a Professional fundraising fees$0
I-17 Other expenses$4,783,117
I-18 Total expenses$4,908,250
I-19 Revenue less expensesPrior year $0−$3,502,162
Part VI · Governance 4 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,406,088 across 4 lines filed
Lines not itemized here account for $193,745 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,207,880$1,207,880
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,463$4,463
VIII-12 Total revenueRelated to mission $1,212,343 · Unrelated business $0 · Excluded from tax $193,745$1,406,088
Part IX · Statement of functional expenses $4,908,250 across 17 lines filed
IX-7 Other salaries and wagesPrograms $104,738$104,738
IX-8 Pension plan contributionsPrograms $605$605
IX-9 Other employee benefitsPrograms $8,985$8,985
IX-10 Payroll taxesPrograms $10,805$10,805
IX-11a Management feesPrograms $112,675 · Management $70,821$183,496
IX-11c Accounting feesPrograms $23,727$23,727
IX-11g Other fees for servicesPrograms $4,080 · Management $0 · Fundraising $0$4,080
IX-12 Advertising and promotionPrograms $1,452$1,452
IX-13 Office expensesPrograms $21,613$21,613
IX-14 Information technologyPrograms $7,598$7,598
IX-16 OccupancyPrograms $264,328$264,328
IX-17 TravelPrograms $1,531$1,531
IX-20 InterestPrograms $2,345,218$2,345,218
IX-22 Depreciation, depletion and amortizationPrograms $1,596,059$1,596,059
IX-23 InsurancePrograms $80,992$80,992
IX-24 Other expenses (24a–d)Programs $250,707$250,707
IX-24e All other expensesPrograms $2,316 · Management $0 · Fundraising $0$2,316
IX-25 Total functional expensesPrograms $4,837,429 · Management $70,821 · Fundraising $0$4,908,250
Part X · Balance sheet $162,908,246 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $100,000$407,525
X-4 Accounts receivable$211,658
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-9 Prepaid expenses and deferred charges$80,631
X-10c Land, buildings and equipment, netStart of year $95,370,898$145,109,788
X-15 Other assetsStart of year $81,682,880$17,098,644
X-16 Total assetsStart of year $177,153,778$162,908,246
X-17 Accounts payable and accrued expensesStart of year $8,161,346$8,082
X-20 Tax-exempt bond liabilitiesStart of year $136,093,143$135,936,475
X-22 Loans from officers and insidersStart of year $0$0
X-25 Other liabilitiesStart of year $32,899,289$30,465,851
X-26 Total liabilitiesStart of year $177,153,778$166,410,408
X-27 Net assets without donor restrictionsStart of year $0−$3,502,162
X-32 Total net assets or fund balancesStart of year $0−$3,502,162
X-33 Total liabilities and net assetsStart of year $177,153,778$162,908,246
Part XI · Reconciliation of net assets −$3,502,162 net assets at year end
XI-1 Total revenue$1,406,088
XI-2 Total expenses$4,908,250
XI-3 Revenue less expenses−$3,502,162
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,502,162

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

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