Civic Intelligence

Providence Academy

990 • Fiscal year 2022 • EIN 26-4580334

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

3021 Ridge Road A22Rockwall, TX 75032

(469) 500-3150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

72nd percentile

21%

Higher net margin than 72% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$57,933

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

87th percentile

45%

Faster asset growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

34%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$864,405

Up $268,413 (+45%) from 2021

Net Assets

Up

$859,908

Up $268,352 (+45%) from 2021

Liabilities

Up

$4,497

Up $61 (+1.4%) from 2021

Revenue

Up

$1,259,908

Up $317,730 (+34%) from 2021

Expenses

Up

$991,556

Up $293,478 (+42%) from 2021

Net Income

Up

$268,352

Up $24,252 (+9.9%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $21,692Liabilities 2011: $0Net Assets 2011: $21,6922011Assets 2012: $62,409Net Assets 2012: $62,4092012Assets 2013: $81,224Liabilities 2013: $7,728Net Assets 2013: $73,4962013Assets 2014: $56,399Liabilities 2014: $2,914Net Assets 2014: $53,4852014Assets 2015: $74,500Liabilities 2015: $6,668Net Assets 2015: $67,8322015Assets 2016: $68,707Liabilities 2016: $4,528Net Assets 2016: $64,1792016Assets 2017: $59,622Liabilities 2017: $5,440Net Assets 2017: $54,1822017Assets 2018: $116,640Liabilities 2018: $6,278Net Assets 2018: $110,3622018Assets 2019: $217,287Liabilities 2019: $4,424Net Assets 2019: $212,8632019Assets 2020: $351,756Liabilities 2020: $4,300Net Assets 2020: $347,4562020Assets 2021: $595,992Liabilities 2021: $4,436Net Assets 2021: $591,5562021Assets 2022: $864,405Liabilities 2022: $4,497Net Assets 2022: $859,9082022Assets 2023: $1,230,513Liabilities 2023: $4,435Net Assets 2023: $1,226,0782023Assets 2024: $5,244,599Liabilities 2024: $0Net Assets 2024: $5,244,5992024

Highlighted filing

2022

Assets$864,405
Liabilities$4,497
Net Assets$859,908

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $61,884Expenses 2011: $42,604Net Income 2011: $19,2802011Revenue 2012: $177,275Expenses 2012: $136,558Net Income 2012: $40,7172012Revenue 2013: $285,561Expenses 2013: $274,474Net Income 2013: $11,0872013Revenue 2014: $335,483Expenses 2014: $355,494Net Income 2014: -$20,0112014Revenue 2015: $332,431Expenses 2015: $318,084Net Income 2015: $14,3472015Revenue 2016: $373,673Expenses 2016: $377,326Net Income 2016: -$3,6532016Revenue 2017: $442,948Expenses 2017: $452,945Net Income 2017: -$9,9972017Revenue 2018: $431,890Expenses 2018: $375,710Net Income 2018: $56,1802018Revenue 2019: $431,721Expenses 2019: $329,220Net Income 2019: $102,5012019Revenue 2020: $612,650Expenses 2020: $478,057Net Income 2020: $134,5932020Revenue 2021: $942,178Expenses 2021: $698,078Net Income 2021: $244,1002021Revenue 2022: $1,259,908Expenses 2022: $991,556Net Income 2022: $268,3522022Revenue 2023: $1,681,545Expenses 2023: $1,315,375Net Income 2023: $366,1702023Revenue 2024: $5,366,351Expenses 2024: $1,347,830Net Income 2024: $4,018,5212024

Highlighted filing

2022

Revenue$1,259,908
Expenses$991,556
Net Income$268,352
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,259,908
Mission and Program Overview

Mission

EDUCATIONAL INSTITUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$591,369$787,398▲ $196,029
Land, Buildings, and Equipment, Net$2,878$75,261▲ $72,383
Prepaid Expenses and Deferred Charges$495$495→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$595,992$864,405▲ $268,413
Other Assets Total$1,250$1,251▲ $1
Liabilities
Other Liabilities$4,436$4,497▲ $61
Total Liabilities$4,436$4,497▲ $61
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$591,556$493,049▼ $98,507
Net Assets With Donor Restrictions-$366,859-
Total Net Assets Fund Balance$591,556$859,908▲ $268,352
Total Liabilities and Net Assets / Fund Balance$595,992$864,405▲ $268,413

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$52,122$966$53,088
Other Land Buildings$8,367$4,565$12,932
Equipment$7,785$2,400$10,185
Leasehold Improvements$6,987$241$7,228
Compensation and Service Providers

Employees

NameTitleBaseTotal
Alissa MauldinNonvote member$57,933$57,933
Rebecca Kennedy-huntNonvote Member$36,500$36,500

Board Members and Trustees

NameTitle
Matt TiefenbrunnPresident
David HansonVice President
Chad TaborDirector
Dustin KasischkeDirector
Melissa Case-merrittDirector
Zach HuntDirector
Emily BarinaSecretary
Nate RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$260,428
Program Service Revenue
$999,480
Investment Income
$0
Other Revenue
$0
All Other Contributions
$109,913
Change in Net Assets
$268,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$727,935
Other Expenses$263,621
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$547,317$33,421-$580,738
Current Officers, Directors, Trustees, and Key Employees-$94,433-$94,433
Occupancy$45,522$13,766-$59,288
Payroll Taxes$52,764--$52,764
Office Expenses$46,207--$46,207
All Other Expenses$31,755$6,161-$37,916
Information Technology$11,610--$11,610
Other Expenses$11,444--$11,444
Insurance$8,984--$8,984
Fees for Services Accounting$4,705--$4,705
Depreciation Depletion$4,416--$4,416
Advertising$4,375--$4,375
Total Functional Expenses$843,775$147,781$0$991,556
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
North TX Giving Day$150,515---
Total Events$150,515---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition Credit$4,337
Suta$160
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
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
No
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

Zach hunt (board member) is rebecca hunt's (founder/non-voting member) husband. A conflicts of interest agreement is in place, which prevents zach from participating in votes where there is conflict of interest.

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

The Form 990 is prepared by an independent CPA firm and reviewed by the Executive Director prior to filing with the IRS.

Form 990, Part VI, Section C, Line 18

The organization provides a copy of the Form 990 to any member or donor upon request.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Providence Academy
EIN
26-4580334
Phone
4695003150
Address
3021 RIDGE ROAD A22, ROCKWALL, TX 75032

Signing Officer

Name
Nate Roberts
Title
Treasurer
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
47
Volunteers
70

Preparer

Firm
Cantrell Pearson & Associates PLLC
Address
3431 Lakeview Pkwy Suite 200, Rowlett, TX 75088
Preparer
Richard D Cantrell
Phone
2146071120
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IRS990/OtherExpensesGrp/ProgramServicesAmt035821
IRS990/OtherExpensesGrp/ProgramServicesAmt125952
IRS990/OtherExpensesGrp/ProgramServicesAmt212903
IRS990/OtherExpensesGrp/ProgramServicesAmt311444
IRS990/OtherExpensesGrp/TotalAmt035821
IRS990/OtherExpensesGrp/TotalAmt125952
IRS990/OtherExpensesGrp/TotalAmt212903
IRS990/OtherExpensesGrp/TotalAmt311444
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt04436
IRS990/OtherLiabilitiesGrp/EOYAmt04497
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt052764
IRS990/PayrollTaxesGrp/TotalAmt052764
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0495
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0495
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0School tuition and fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0999480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0999480
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0170622
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0171332
IRS990/PYProgramServiceRevenueAmt0771556
IRS990/PYRevenuesLessExpensesAmt0244100
IRS990/PYSalariesCompEmpBnftPaidAmt0526746
IRS990/PYTotalExpensesAmt0698078
IRS990/PYTotalRevenueAmt0942178
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0268352
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0999480
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt052122
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0966
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt053088
IRS990ScheduleD/EquipmentGrp/BookValueAmt07785
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02400
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010185
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06987
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0241
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07228
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08367
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04565
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUTA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TUITION CREDIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075261
IRS990ScheduleD/TotalLiabilityAmt04497
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS POSTED ONLINE WITH THE ONLINE APPLICATION FORM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0150515
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0150515
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0NORTH TX GIVING DAY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0150515
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0150515
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ZACH HUNT (BOARD MEMBER) IS REBECCA HUNT'S (FOUNDER/NON-VOTING MEMBER) HUSBAND. A CONFLICTS OF INTEREST AGREEMENT IS IN PLACE, WHICH PREVENTS ZACH FROM PARTICIPATING IN VOTES WHERE THERE IS CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared by an independent CPA firm and reviewed by the Executive Director prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization provides a copy of the Form 990 to any member or donor upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0595992
IRS990/TotalAssetsEOYAmt0864405
IRS990/TotalAssetsGrp/BOYAmt0595992
IRS990/TotalAssetsGrp/EOYAmt0864405
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0260428
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147781
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0843775
IRS990/TotalFunctionalExpensesGrp/TotalAmt0991556
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04436
IRS990/TotalLiabilitiesEOYAmt04497
IRS990/TotalLiabilitiesGrp/BOYAmt04436
IRS990/TotalLiabilitiesGrp/EOYAmt04497
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0591556
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0859908
IRS990/TotalProgramServiceExpensesAmt0843775
IRS990/TotalProgramServiceRevenueAmt0999480
IRS990/TotalReportableCompFromOrgAmt094433
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0999480
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01259908
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0595992
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0864405
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.24$0.00$5.24$5.37$1.35$4.02
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$1.68$1.32$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$1.26$0.99$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.59$0.94$0.70$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.61$0.48$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.21$0.43$0.33$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$0.43$0.38$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.05$0.44$0.45$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.06$0.37$0.38$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.07$0.33$0.32$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.05$0.34$0.36$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.07$0.29$0.27$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.06$0.18$0.14$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.06$0.04$0.02