Civic Intelligence

Providence Country Day School

EIN 05-0258934 • 501(c)3 • East Providence, RI

Profile

The mission of the providence country day school is to inspire lives of engaged citizenship in a diverse community of students in grades 6-12.

660 Waterman AvenueEast Providence, RI 02914-1714

providencecountryday.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.52x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.54x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

35%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

23%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$12,528,297

Up $3,255,911 (+35%) from 2023

Liabilities

Up

$6,533,855

Up $970,464 (+17%) from 2023

Net Assets

Up

$5,994,442

Up $2,285,447 (+62%) from 2023

Revenue

Up

$12,076,417

Up $2,297,291 (+23%) from 2023

Expenses

Up

$10,067,375

Up $185,854 (+1.9%) from 2023

Net Income

Up

$2,009,042

Up $2,111,437 (+2062%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $6,342,727Liabilities 2011: $2,862,455Net Assets 2011: $3,480,2722011Assets 2012: $6,287,343Liabilities 2012: $3,211,115Net Assets 2012: $3,076,2282012Assets 2013: $8,103,300Liabilities 2013: $3,922,749Net Assets 2013: $4,180,5512013Assets 2014: $7,753,696Liabilities 2014: $3,952,862Net Assets 2014: $3,800,8342014Assets 2015: $7,226,592Liabilities 2015: $3,909,773Net Assets 2015: $3,316,8192015Assets 2016: $7,267,668Liabilities 2016: $4,136,135Net Assets 2016: $3,131,5332016Assets 2017: $7,381,471Liabilities 2017: $4,192,710Net Assets 2017: $3,188,7612017Assets 2018: $7,804,383Liabilities 2018: $5,005,567Net Assets 2018: $2,798,8162018Assets 2019: $8,301,579Liabilities 2019: $4,671,069Net Assets 2019: $3,630,5102019Assets 2020: $8,679,196Liabilities 2020: $5,445,492Net Assets 2020: $3,233,7042020Assets 2021: $8,362,139Liabilities 2021: $4,537,412Net Assets 2021: $3,824,7272021Assets 2022: $8,303,418Liabilities 2022: $4,706,608Net Assets 2022: $3,596,8102022Assets 2023: $9,272,386Liabilities 2023: $5,563,391Net Assets 2023: $3,708,9952023Assets 2024: $12,528,297Liabilities 2024: $6,533,855Net Assets 2024: $5,994,4422024

Highlighted filing

2024

Assets$12,528,297
Liabilities$6,533,855
Net Assets$5,994,442

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,409,7662011Expenses 2012: $7,577,8902012Revenue 2013: $7,255,949Expenses 2013: $7,538,973Net Income 2013: -$283,0242013Revenue 2014: $6,924,795Expenses 2014: $7,531,232Net Income 2014: -$606,4372014Revenue 2015: $7,747,678Expenses 2015: $8,227,343Net Income 2015: -$479,6652015Revenue 2016: $8,178,217Expenses 2016: $8,315,208Net Income 2016: -$136,9912016Revenue 2017: $8,729,758Expenses 2017: $8,895,744Net Income 2017: -$165,9862017Revenue 2018: $8,591,087Expenses 2018: $9,136,275Net Income 2018: -$545,1882018Revenue 2019: $10,412,268Expenses 2019: $9,645,488Net Income 2019: $766,7802019Revenue 2020: $8,999,908Expenses 2020: $9,314,455Net Income 2020: -$314,5472020Revenue 2021: $9,722,976Expenses 2021: $9,766,000Net Income 2021: -$43,0242021Revenue 2022: $9,757,573Expenses 2022: $9,855,846Net Income 2022: -$98,2732022Revenue 2023: $9,779,126Expenses 2023: $9,881,521Net Income 2023: -$102,3952023Revenue 2024: $12,076,417Expenses 2024: $10,067,375Net Income 2024: $2,009,0422024

Highlighted filing

2024

Revenue$12,076,417
Expenses$10,067,375
Net Income$2,009,042

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.5$6.53$5.99$12.1$10.1$2.01
2023Detailed filing. Detailed filing data is available for this year.$9.27$5.56$3.71$9.78$9.88$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.30$4.71$3.60$9.76$9.86$0.10
2021Detailed filing. Detailed filing data is available for this year.$8.36$4.54$3.82$9.72$9.77$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.68$5.45$3.23$9.00$9.31$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.30$4.67$3.63$10.4$9.65$0.77
2018Detailed filing. Detailed filing data is available for this year.$7.80$5.01$2.80$8.59$9.14$0.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.38$4.19$3.19$8.73$8.90$0.17
2016Detailed filing. Detailed filing data is available for this year.$7.27$4.14$3.13$8.18$8.32$0.14
2015Detailed filing. Detailed filing data is available for this year.$7.23$3.91$3.32$7.75$8.23$0.48
2014Detailed filing. Detailed filing data is available for this year.$7.75$3.95$3.80$6.92$7.53$0.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.10$3.92$4.18$7.26$7.54$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.29$3.21$3.08$7.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$2.86$3.48$7.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$12,907,916
Mission and Program Overview

Mission

The mission of the providence country day school is to inspire lives of engaged citizenship in a diverse community of students in grades 6-12.

To inspire lives of engaged citizenship in an inclusive community that values the unique strengths of all students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,404,650$6,261,634▲ $856,984
Investments Other Securities$2,638,667$2,872,508▲ $233,841
Pledges and Grants Receivable$125,933$1,042,518▲ $916,585
Investments in Publicly Traded Securities-$1,010,678-
Cash and Non-Interest-Bearing Accounts$833,603$606,429▼ $227,174
Savings and Temporary Cash Investments$28,249$512,625▲ $484,376
Accounts Receivable$171,477$145,661▼ $25,816
Prepaid Expenses and Deferred Charges$59,807$76,244▲ $16,437
Total Assets$9,272,386$12,528,297▲ $3,255,911
Other Assets Total$10,000$0▼ $10,000
Liabilities
Tax Exempt Bond Liabilities$2,916,484$2,814,156▼ $102,328
Deferred Revenue$1,712,059$1,753,789▲ $41,730
Mortgage Notes Payable Secured by Investment Property$30,718$1,228,443▲ $1,197,725
Accounts Payable and Accrued Expenses$904,130$737,467▼ $166,663
Total Liabilities$5,563,391$6,533,855▲ $970,464
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,652,411$5,051,782▲ $1,399,371
Net Assets Without Donor Restrictions$56,584$942,660▲ $886,076
Total Net Assets Fund Balance$3,708,995$5,994,442▲ $2,285,447
Total Liabilities and Net Assets / Fund Balance$9,272,386$12,528,297▲ $3,255,911

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,800,501$9,691,134$15,491,635
Equipment$212,940$1,055,109$1,268,049
Land$248,193-$248,193
Other Securities$2,872,508--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,638,667$68,456▲ $296,905-$2,872,508
2022$2,503,173$44,401▲ $214,580-$2,638,667
2021$2,508,256$233,578▼ $129,644-$2,503,173
2020$1,889,893$70,238▲ $653,087-$2,510,256
2019$1,986,450$2,160▼ $1,063-$1,889,893
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin FolanHead of SchoolFT$177,156$39,612$216,768
Mark MclaughlinAssociate Head of SchoolFT$121,460$55,641$177,101
Mary MillardDirector of Finance & OperationsFT$101,006$16,426$117,432
Kate FarringtonAssistant Secretary-$2,600-$2,600

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Superior Construction GroupConstruction Services6 VALLEY ROAD, Middletown, RI 02842$1,298,975
Flik Dining Services INCDining ServicesPO BOX 417362, Boston, MA 02241$507,857
Ulti Play Parks & PlaygroundPlayground InstallationPO BOX 374, Uxbridge, MA 01569$214,151
Peregine Property ManagementProperty Management20 NEWMAN AVE 1005, Rumford, RI 02916$101,777
Revenue and Support

Revenue Composition

Contributions and Grants
$2,834,900
Program Service Revenue
$9,054,250
Investment Income
$17,749
Other Revenue
$169,518
All Other Contributions
$2,752,468
Change in Net Assets
$2,009,042

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$66,980Avg. Selling Price
Other Non Cash Contri Table19$7,869Donated Value
Works of Art5$2,015Selling Price
Other Non Cash Contri Table7$1,894Donated Value
Food Inventory1$973Cost
Total Noncash Contributions47$79,731-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,783,878
Revenue Not Reported on Financial Statements
$1,292,539
Revenue Not Reported on Form 990
$80,990
Other Revenue Adjustments
$1,267,195
Total Revenue per Audited Statements
$10,864,868
Total Revenue per Form 990
$12,076,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,775,221
Other Expenses$2,728,054
Grants and Similar Amounts Paid$1,564,100
Total Fundraising Expense$299,090
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,112,056$1,090,093$158,245$4,360,394
Grants to Domestic Individuals$1,564,100--$1,564,100
Other Employee Benefits$434,448$144,289$7,443$586,180
Depreciation Depletion$388,935$150,017$16,669$555,621
Payroll Taxes$234,297$121,370$17,881$373,548
Current Officers, Directors, Trustees, and Key Employees$60,603$230,532$57,902$349,037
Occupancy$164,121$108,568-$272,689
Interest$128,897$56,015$8,647$193,559
Office Expenses$62,336$124,167-$186,503
Fees for Services Other$107,228$70,296-$177,524
Other Expenses$109,978$45,639$20,500$109,978
Information Technology$8,833$80,449-$89,282
Conferences and Meetings$44,272$38,807-$83,079
Fees for Services Accounting-$65,139-$65,139
Advertising-$64,800-$64,800
Travel$61,782--$61,782
Comp Disqual Persons$37,262$15,339$2,500$55,101
Pension Plan Contributions$30,003$20,958-$50,961
Fees for Service Investment Mgmnt Fees-$25,344-$25,344
All Other Expenses$804$4,672$9,303$14,779
Fees for Services Legal-$2,093-$2,093
Royalties$1,121--$1,121
Total Functional Expenses$7,285,356$2,482,929$299,090$10,067,375

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,067,375
Total Expenses per Audited Statements$8,579,421
Expenses per Audited Statements$8,477,931
Expenses Not Reported on Financial Statements$1,589,444
Other Expense Adjustments$1,564,100
Expenses Not Reported on Form 990$101,490
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$150,414
Fundraising Direct Expenses$146,445
Gaming Gross Income$1,214
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Centennial Gala$127,845$96,618$35,240$61,378
Play for Pcd Golf Outing$105,001$53,796$2,919$50,877
Total Events$232,846$150,414$146,445$3,969
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family RelationshipEmploymentNo$43,451
-Family RelationshipEmploymentNo$11,650
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARhode Island Commerce Corporation2017-12-28$2,567,270Improvements to the school campus and refinance note payable

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,567,270$1,577,069$454,852$51,345

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Trustees david bazar and caroline aparo have a family relationship.

Form 990, Part VI, Section A, Line 2

Officer mary millard have family relationship with andrew and brian millard.

Form 990, Part VI, Section B, Line 11B

The school has its form 990 prepared by an outside accounting firm. It is reviewed by the director of finance and operations as well as the treasurer of the board. Once any required changes are made pursuant to their review, a complete copy is sent to all members of the board of trustees for their review prior to filing.

Form 990, Part VI, Section B, Line 12C

The school has a written conflict of interest policy that it consistently monitors and enforces. Each officer and trustee is required to annually submit to the director of finance and administration a signed statement disclosing any potential conflicts of interest. The disclosures are reviewed by the board of trustees who determines whether conflicts of interest exists, and the appropriate actions to be taken. The interested board members are recused from the deliberations and vote on the related matters.

Form 990, Part VI, Section B, Line 15A

The executive committee performs a review of the head of school every two years which includes a review of his compensation. The committee refers to a compensation study based on data provided by the national association of independent schools to ensure compensation is in line with similar institutions. The last compensation review occurred in fiscal year 2023 and the deliberations and decision were contemporaneously documented.

Form 990, Part VI, Section C, Line 19

The school makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is available on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, and by-laws are available upon request.

Filing and Contact Details

Filer

Filer Name
Providence Country Day School
EIN
05-0258934
Phone
4014385170
Address
660 WATERMAN AVENUE, EAST PROVIDENCE, RI 02914-1714

Signing Officer

Name
Kevin Folan
Title
Head of School
Phone
4014385170
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Folan
Formed
1923
Legal Domicile
Ri
Voting Board Members
30
Independent Board Members
29
Employees
146
Volunteers
169

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
40 WESTMINSTER STREET SUITE 600, PROVIDENCE, RI 02903
Preparer
Eva Mruk
Phone
4016216200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in beneficial interest in assets held by a community foundation 296,905. Write off prior year pledges -20,500.

FORM 990, PART XII, LINE 2C:

The school has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.

Financial Statement Notes

PART V, LINE 4:

The organization's endowment assets are held by the rhode island foundation in separate funds for faculty salaries and development, student activities, general operations, and financial aid.

PART X, LINE 2:

The school recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the school had no uncertain tax positions that would require financial statement recognition or disclosure. The school is no longer subject to examinations by the applicable taxing jurisdictions for years prior to june 30, 2021.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold - bookstore 54,845. Fundraising expenses reclassed 11,416. Rental expense - reported on part viii, line 6b 14,729.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid and scholarships 1,564,100. Change in beneficial interest in assets held by a community foundation -296,905.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold - bookstore 54,845. Write off prior year pledges 20,500. Fundraising expenses reclassed 11,416. Rental expense - reported on part viii, line 6b 14,729.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid and scholarships 1,564,100.

Raw XML AppendixShowing 400 of 929 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Desc0THE PROVIDENCE COUNTRY DAY SCHOOL IS AN AISNE-ACCREDITED INDEPENDENT SCHOOL OFFERING LOWER, MIDDLE, AND HIGH SCHOOL EDUCATION FOR PRE-K THROUGH 12TH GRADERS, INCLUDING ACADEMIC INSTRUCTION AND EXTRACURRICULAR ACTIVITIES.
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