Providence Preparatory Academy Inc

990EZ • Fiscal year 2016 • EIN 27-3117469

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 26, 2017

Organization Profile WWW.PROVIDENCEPREP.ORG

PO Box 802Rome, GA 30162

(404) 245-8541

Siviq Scores

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

1.15x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

0.34x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

7.5%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

$8,550

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

74%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

-25%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets95th percentile

Assets

$27,359

Up $11,667 (+74%) from 2015

Net Assets

-$4,166

Up $6,847 (+62%) from 2015

Liabilities

$31,525

Up $4,820 (+18%) from 2015

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin59th percentile

Revenue

Down

$91,502

Down $30,539 (-25%) from 2015

Expenses

Down

$84,655

Down $48,235 (-36%) from 2015

Net Income

$6,847

Up $17,696 (+163%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

Highlighted filing

2016

Assets$27,359

Liabilities$31,525

Net Assets-$4,166

Open 2016 Filing

Operations Trend

Revenue Growth20th percentile

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

Highlighted filing

2016

Revenue$91,502

Expenses$84,655

Net Income$6,847

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2015 to Jun 30, 2016
Signed: Jan 26, 2017
Return Version: 2015v3.0
Gross Receipts: $91,502

Mission and Program Overview

Mission

EDUCATIONAL ACADEMY

Program Services

Description	Grants	Expenses
ALL INCOME IS USED TO PROVIDE A UNIVERSITY-MODEL EDUCATION TO STUDENTS IN GRADES K-12	$0	$0

Compensation and Service Providers

Top Officer Pay79th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
PEGGY DECKER	Directors	FT	$8,550	-	$8,550
PAM FINNEGAN	President	FT	$0	-	-
MICHAEL FINNEGAN	Secretary	FT	$0	-	-
PRISCILLA TUNNELL	Directors	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Providence Preparatory Academy Inc
EIN: 27-3117469
Phone: 4042458541
Address: PO BOX 802, ROME, GA 30162

Signing Officer

Name: Pam Finnegan
Title: President
Phone: 4042458541
Signed: 2017-01-26
Discuss with paid preparer: Yes

Preparer

Firm: Whittington Jones & Rudert Cpas LLC
Address: PO BOX 1264, ROME, GA 30162-1264
Preparer: Janice Davis
Phone: 7062347571

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: building insurance. Amount: 3,168. Description: field trip. Amount: 1,274. Description: advertising. Amount: 4,910. Description: books/subscriptions/reference. Amount: 30. Description: bank fees. Amount: 131. Description: finance charge. Amount: 254. Description: background checks. Amount: 30. Description: food and beverage. Amount: 319. Description: liability insurance. Amount: 1,434. Description: payroll service. Amount: 536. Description: renweb. Amount: 1,192. Description: supplies. Amount: 1,179. Description: telephone. Amount: 224. Description: payroll taxes. Amount: 2,947. Description: curriculum. Amount: 4,014. Description: testing fees. Amount: 199. Description: equipment rental and maintenance. Amount: 62. Description: loan fees. Amount: 500. Description: interest expense. Amount: 1,070. Total to form 990-ez, line 16: 23,473.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: accounts receivable. Beg. Of year amount: 13,139. End of year amount: 22,053. Description: dol deposit. Beg. Of year amount: 1,308. End of year amount: 1,993. Description: undeposited funds. Beg. Of year amount: 325. End of year amount: 425.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: payroll liabilities. Beg. Of year amount: 1,272. End of year amount: 1,476. Description: other current liabilities. Beg. Of year amount: 25,433. End of year amount: 30,049.”

Raw XML Appendix161 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
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	0
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	PAM FINNEGAN
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	4042458541
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	PO BOX 802
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	ROME
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	30162
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	920
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	2888
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	19958
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/EngagedInExcessBenefitTransInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	6847
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	700
IRS990EZ/FiledScheduleAInd	0	1
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	15692
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	27359
IRS990EZ/FundraisingGrossIncomeAmt	0	249
IRS990EZ/GrossReceiptsAmt	0	91502
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-11013
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	-4166
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-11013
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	-4166
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	15766
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	8550
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	PAM FINNEGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	MICHAEL FINNEGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	PEGGY DECKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	PRISCILLA TUNNELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTORS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	DIRECTORS
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	14772
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	24471
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	23473
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	EDUCATIONAL ACADEMY
IRS990EZ/PrintingPublicationsPostageAmt	0	519
IRS990EZ/ProgramServiceRevenueAmt	0	71295
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	ALL INCOME IS USED TO PROVIDE A UNIVERSITY-MODEL EDUCATION TO STUDENTS IN GRADES K-12
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	0
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	44197
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	1
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	249
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	GA
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	26705
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	31525
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	84655
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	91502
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.PROVIDENCEPREP.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	800
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	67549
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	800
IRS990ScheduleA/SchoolInd	0	X
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	800
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	800
IRS990ScheduleA/TotalSupportAmt	0	800
IRS990ScheduleE/ComplianceWithRevProc7550Ind	0	1
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceAthltProgInd	0	0
IRS990ScheduleE/DiscriminateRaceEducPlcyInd	0	0
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd	0	0
IRS990ScheduleE/DiscriminateRaceOtherActyInd	0	0
IRS990ScheduleE/DiscriminateRaceSchsInd	0	0
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd	0	0
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRcvdInd	0	0
IRS990ScheduleE/GovernmentFinancialAidRvkdInd	0	0
IRS990ScheduleE/MaintainCpyOfAllSolInd	0	1
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd	0	1
IRS990ScheduleE/MaintainRacialCompRecsInd	0	1
IRS990ScheduleE/MaintainScholarshipsRecsInd	0	1
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd	0	1
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd	0	1
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: BUILDING INSURANCE. AMOUNT: 3,168. DESCRIPTION: FIELD TRIP. AMOUNT: 1,274. DESCRIPTION: ADVERTISING. AMOUNT: 4,910. DESCRIPTION: BOOKS/SUBSCRIPTIONS/REFERENCE. AMOUNT: 30. DESCRIPTION: BANK FEES. AMOUNT: 131. DESCRIPTION: FINANCE CHARGE. AMOUNT: 254. DESCRIPTION: BACKGROUND CHECKS. AMOUNT: 30. DESCRIPTION: FOOD AND BEVERAGE. AMOUNT: 319. DESCRIPTION: LIABILITY INSURANCE. AMOUNT: 1,434. DESCRIPTION: PAYROLL SERVICE. AMOUNT: 536. DESCRIPTION: RENWEB. AMOUNT: 1,192. DESCRIPTION: SUPPLIES. AMOUNT: 1,179. DESCRIPTION: TELEPHONE. AMOUNT: 224. DESCRIPTION: PAYROLL TAXES. AMOUNT: 2,947. DESCRIPTION: CURRICULUM. AMOUNT: 4,014. DESCRIPTION: TESTING FEES. AMOUNT: 199. DESCRIPTION: EQUIPMENT RENTAL AND MAINTENANCE. AMOUNT: 62. DESCRIPTION: LOAN FEES. AMOUNT: 500. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 1,070. TOTAL TO FORM 990-EZ, LINE 16: 23,473.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 13,139. END OF YEAR AMOUNT: 22,053. DESCRIPTION: DOL DEPOSIT. BEG. OF YEAR AMOUNT: 1,308. END OF YEAR AMOUNT: 1,993. DESCRIPTION: UNDEPOSITED FUNDS. BEG. OF YEAR AMOUNT: 325. END OF YEAR AMOUNT: 425.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 1,272. END OF YEAR AMOUNT: 1,476. DESCRIPTION: OTHER CURRENT LIABILITIES. BEG. OF YEAR AMOUNT: 25,433. END OF YEAR AMOUNT: 30,049.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	PAM FINNEGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	4042458541
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-01-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	PROVIDENCE PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt	0	PROV
ReturnHeader/Filer/EIN	0	273117469
ReturnHeader/Filer/PhoneNum	0	4042458541
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 802
ReturnHeader/Filer/USAddress/CityNm	0	ROME
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	GA
ReturnHeader/Filer/USAddress/ZIPCd	0	30162
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	461381910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	WHITTINGTON JONES & RUDERT CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	PO BOX 1264
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	ROME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	301621264
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7062347571
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2017-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JANICE DAVIS
ReturnHeader/ReturnTs	0	2017-02-01T08:19:16-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2015-07-01
ReturnHeader/TaxPeriodEndDt	0	2016-06-30
ReturnHeader/TaxYr	0	2015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $27,359
Liabilities: $31,525
Net assets: -$4,166
Revenue: $91,502
Expenses: $84,655
Net income: $6,847

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2016Detailed filing. Detailed filing data is available for this year.	$0.27	$0.32	$0.04	$0.92	$0.85	$0.07
2015Detailed filing. Detailed filing data is available for this year.	$0.16	$0.27	$0.11	$1.22	$1.33	$0.11
2014Detailed filing. Detailed filing data is available for this year.	$0.21	$0.21	$0.00	$1.19	$1.21	$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.14	$0.12	$0.01	$0.94	$0.96	$0.01