Providence School EIN 95-2105233

Providence School

EIN  95-2105233 Public charity (501(c)(3)) Santa Barbara, CA Founded 1960
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/13/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates children from preschool through 12th grade using Christian teachings and the Bible.
Leadership
Soo Chang · Head of School · $200K
Money in and out
$11.4M revenue, $9.5M expenses
Bottom line
77% program efficiency

Educates children from preschool through 12th grade using Christian teachings and the Bible. For fiscal year 2024 it reported $11.4M in revenue, $9.5M in expenses, and $6.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$11.4M
Pt VIII · Ln 12
Total expenses
$9.5M
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.0M
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.15 Fundraising $0.08
Program efficiency
77%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate▲ +59% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +202% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$11.4M
FY2024▲ +18%
Expenses
$9.5M
FY2024▲ +4%
Total assets
$13.5M
FY2024▲ +15%
Total liabilities
$7.0M
FY2024▼ -3%
Total revenue
$11.4M
Pt VIII · Ln 12
Total expenses
$9.5M
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.0M
Total assetsPt X · Ln 16$13.5M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $7.3M of program spending, described in the organization's own filed words · FY2024.
01

Providence school, a PRESCHOOL-12 private school in the christian tradition, is dedicated to the education of the whole - person - mind, body, and spirit - and to the pursuit of truth, beauty, and excellence in all of schooling and life.

$7.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProvidence School
EINHdr · item D95-2105233
Principal addressHdr · item CSanta Barbara, CA
WebsiteHdr · item Jwww.providencesb.org
Year of formationHdr · item L1960
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24Z)
Ruling yearIRS BMFJul 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Head of School
$199,798Pt VII · Sec A
Principal Lower School
$126,757Pt VII · Sec A
Director of Operations
$109,114Pt VII · Sec A
Finance & HR Director
$103,478Pt VII · Sec A
$101,842Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Soo Chang’s $200K as Head of School is at the 37th percentile of top reported officer pay among 3682 $10–100M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Soo Chang$199,798$176,904$179,624$179,546$92,370
Dr Tim Loomer$151,443
Matthew Knoles$126,757$118,093$113,957$111,874$109,648$108,018
Donna Venzor$103,478$110,000$67,867
Rodney J Meadth$109,114
Christopher Elwood$101,842$104,379$104,447
Rodney Meadth$101,668
John Pasini$92,482$83,990$40,489

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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Statement of Revenue

Part VIII
Program service revenue$7.6M · 66%
Contributions & grants$3.8M · 33%
Program service revenue66%$7.6M
Contributions & grants33%$3.8M
Investment income$39K
Other revenue$3K
Total revenueLn 12$11.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.15 Fundraising $0.08
Program services77%$7.3M
Management & general15%$1.5M
Fundraising8%$763K
Total functional expensesLn 25$9.5M

Balance Sheet

Part X · end of year
CashLn 1$2.7M
Total assetsLn 16$13.5M
Total liabilitiesLn 26$7.0M
Total net assetsLn 32$6.5M
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses (Pt IX) $9.5M · Less non-cash grants $52K · Cash operating expenses/yr $9.4M
3.5 months
Where the money goes
Program services
Program services $7.3M · Total expenses $9.5M
77%
Management & General
Management & general $1.5M · Total expenses $9.5M
15%
Fundraising
Fundraising $763K · Total expenses $9.5M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $671K · Solicited contributions (3-yr avg) $3.3M
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.8M · Total revenue $11.4M
33%
Government reliance
Government grants — · Total revenue $11.4M
Earned-income share
Program service revenue $7.6M · Total revenue $11.4M
66%
Investment reliance
Investment income $39K · Total revenue $11.4M
0%
Program self-sufficiency
Program service revenue $7.6M · Total expenses $9.5M
80%
Growth & trend
Revenue growth (YoY)
This year $11.4M · Prior year $9.7M
+18%
Revenue CAGR
FY2019 $7.2M · FY2024 $11.4M
+10%
Net-asset trend (YoY)
End of year $6.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11.4M · Expenses $9.5M
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $13.5M
Net-asset ratio
Net assets $6.5M · Total assets $13.5M
48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Soo Chang · Reported title HEAD OF SCHOOL · Highest reported compensation $200K · Total expenses $9.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.1M · Total expenses $9.5M
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 15%
Fundraising cost ratio 20%
Revenue growth 18%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$945K
See all 3 funders →
Grants paid · 14 grants · $8.5M · 2019–2024
Unitemized GrantFY2024$1,134,487
Unitemized GrantFY2024$388,510
Unitemized GrantFY2023$1,091,783
Unitemized GrantFY2023$353,300
Unitemized GrantFY2022$1,000,259
Unitemized GrantFY2022$179,784
Unitemized GrantFY2021$1,209,275
Unitemized GrantFY2021$208,026
Unitemized GrantFY2020$1,091,626
Unitemized GrantFY2020$209,654
Unitemized GrantFY2020$34,295
Unitemized GrantFY2019$1,360,988
Unitemized GrantFY2019$163,348
Unitemized GrantFY2019$30,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$9.7M revenue · ⤓ 990 PDF
FY2023$9.2M revenue · ⤓ 990 PDF
FY2022$10.2M revenue · ⤓ 990 PDF
FY2021$6.7M revenue · ⤓ 990 PDF
FY2020$7.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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