Civic Intelligence

Provident Business Financial

EIN 33-1037188 • 501(c)4 • West Columbia, SC

Profile

The purpose of the organization is to act as a development finance institution to promote the growth of productive private investment and to assist business enterprises that will contribute to the economic development of the state of south carolina and throughout the united states.

3125 Hebron DriveWest Columbia, SC 29169

www.providentbfs.com

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

30th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2025

Net Margin

56th percentile

12%

Higher net margin than 56% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$251,030

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2025

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

20th percentile

-7.6%

Faster revenue growth than 20% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$988,454

Up $142,495 (+17%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$988,454

Up $142,495 (+17%) from 2024

Revenue

Down

$1,160,067

Down $95,200 (-7.6%) from 2024

Expenses

Down

$1,017,572

Down $94,994 (-8.5%) from 2024

Net Income

Down

$142,495

Down $206 (-0.1%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2019: $390,467Liabilities 2019: $95,681Net Assets 2019: $294,7862019Assets 2020: $434,793Liabilities 2020: $69,820Net Assets 2020: $364,9732020Assets 2021: $539,066Liabilities 2021: $59,980Net Assets 2021: $479,0862021Assets 2022: $635,455Liabilities 2022: $27,500Net Assets 2022: $607,9552022Assets 2023: $711,362Liabilities 2023: $8,104Net Assets 2023: $703,2582023Assets 2024: $845,959Liabilities 2024: $0Net Assets 2024: $845,9592024Assets 2025: $988,454Liabilities 2025: $0Net Assets 2025: $988,4542025

Highlighted filing

2025

Assets$988,454
Liabilities$0
Net Assets$988,454

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2019: $611,577Expenses 2019: $500,260Net Income 2019: $111,3172019Revenue 2020: $721,430Expenses 2020: $651,243Net Income 2020: $70,1872020Revenue 2021: $980,704Expenses 2021: $866,591Net Income 2021: $114,1132021Revenue 2022: $1,000,937Expenses 2022: $872,068Net Income 2022: $128,8692022Revenue 2023: $984,428Expenses 2023: $889,125Net Income 2023: $95,3032023Revenue 2024: $1,255,267Expenses 2024: $1,112,566Net Income 2024: $142,7012024Revenue 2025: $1,160,067Expenses 2025: $1,017,572Net Income 2025: $142,4952025

Highlighted filing

2025

Revenue$1,160,067
Expenses$1,017,572
Net Income$142,495

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 20, 2026
Return Version
2025v4.0
Gross Receipts
$1,160,067
Mission and Program Overview

Mission

The purpose of the organization is to act as a development finance institution to promote the growth of productive private investment and to assist business enterprises that will contribute to the economic development of the state of south carolina and throughout the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$689,400$765,562▲ $76,162
Land, Buildings, and Equipment, Net$5,849$11,738▲ $5,889
Total Assets$845,959$988,454▲ $142,495
Other Assets Total$150,710$211,154▲ $60,444
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$845,959$988,454▲ $142,495
Total Net Assets Fund Balance$845,959$988,454▲ $142,495
Total Liabilities and Net Assets / Fund Balance$845,959$988,454▲ $142,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,738$13,671$25,409
Other Assets Org$1,366--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith BlackPresident anFT$225,500$25,530$251,030
Keith BlackPresident and CEO-$225,500$25,530$251,030
Susan RedmonLoan UnderwrFT$132,000$19,920$151,920
Susan RedmonLoan Underwriter-$132,000$19,920$151,920
Trina DorseyLoan UnderwrFT$117,700$19,062$136,762

Board Members and Trustees

NameTitle
Mark RainesBoard Chairm
Henry M PostonVice-chair
Bo ArmstrongBoard Member
Charles a SmithBoard Member
Ed BeamanBoard Member
Tom EwartBoard Member
Patrica C HartungSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,048,429
Investment Income
$111,638
Other Revenue
$0
Change in Net Assets
$142,495

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,160,067
Total Revenue per Audited Statements
$1,160,067
Total Revenue per Form 990
$1,160,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$857,126
Other Expenses$160,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$473,553$70,761-$544,314
Current Officers, Directors, Trustees, and Key Employees$196,185$29,315-$225,500
Payroll Taxes$45,208$6,165-$51,373
Pension Plan Contributions$27,673$8,266-$35,939
Occupancy$19,800$13,200-$33,000
Travel$18,539$3,018-$21,557
Information Technology$17,952--$17,952
Insurance-$13,316-$13,316
Fees for Services Management-$12,400-$12,400
Fees for Services Other-$10,735-$10,735
Conferences and Meetings$8,155--$8,155
Advertising$7,873--$7,873
Office Expenses$5,899$1,384-$7,283
Other Expenses$1,854$1,236-$3,090
Depreciation Depletion$1,822--$1,822
Fees for Services Legal-$211-$211
Total Functional Expenses$842,535$175,037$0$1,017,572

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,017,572
Total Expenses per Audited Statements$1,017,572
Total Expenses per Form 990$1,017,572
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
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, Page 6, Part VI, Line 11B

The president & ceo conducts a thorough review of the 990 before providing a copy to the audit committee for final approval.

Form 990, Page 6, Part VI, Line 12C

Any conflicts of interest are identified as soon as loan requests are received. In the case of bank participation in loan requests, loan committee members or board members with a conflict of interest are recused from voting on whether to approve the loan request. In the case of a conflict of interest with an ownership interest in a potential borrower, loan requests are passed on to another cdc.

Form 990, Page 6, Part VI, Line 15A

Compensation for the president and ceo is set by either the full board of directors or the executive committee (absent the vote of the president) of pbfs. Industry standards, as provided by an independent industry trade group, in conjunction with performance and financial ability of pbfs, are used to determine the range of compensation. The president uses similar criteria for setting compensation levels for employees. The board evaluates the performance of the president & ceo at least annually.

Form 990, Page 6, Part VI, Line 15B

Industry standards, as provided by an independent industry trade group, in conjunction with performance and financial ability of pbfs, are used to determine the range of compensation. The president uses this criteria for setting compensation levels for employees.

Form 990, Page 6, Part VI, Line 19

If the governing documents, conflict of interest policy or tax return for provident business financial services (pbfs) are requested by a member of the public, the applicable laws concerning the dissemination of said documents are followed. For instances in which the president deems prudent, either the attorney for pbfs, the executive committee and/or full board, will consult them for an appropriate response.

Filing and Contact Details

Filer

Filer Name
Provident Business Financial
EIN
33-1037188
Phone
8037910071
Address
3125 HEBRON DRIVE, WEST COLUMBIA, SC 29169

Signing Officer

Name
Keith Black
Title
President and CEO
Phone
8037910071
Signed
2026-03-20

Organization Details

Principal Officer
Keith Black
Formed
2002
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
8

Preparer

Firm
Scott and Company LLC
Address
PO BOX 8388, COLUMBIA, SC 29202-8388
Preparer
John M Price Jr
Phone
8032566021
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of the organization is to act as a development finance institution to promote the growth of productive private investment and to assist business enterprises that will contribute to the economic development of the state of south carolina and throughout the united states.

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IRS990/PYOtherExpensesAmt0157858
IRS990/PYProgramServiceRevenueAmt01139736
IRS990/PYRevenuesLessExpensesAmt0142701
IRS990/PYSalariesCompEmpBnftPaidAmt0954708
IRS990/PYTotalExpensesAmt01112566
IRS990/PYTotalRevenueAmt01255267
IRS990/ReconcilationRevenueExpnssAmt0142495
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0765562
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IRS990ScheduleD/EquipmentGrp/BookValueAmt011738
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013671
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025409
IRS990ScheduleD/ExpensesSubtotalAmt01017572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0209788
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11366
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED REVENUE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM OTHERS
IRS990ScheduleD/RevenueSubtotalAmt01160067
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011738
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0211154
IRS990ScheduleD/TotalExpensesPerForm990Amt01017572
IRS990ScheduleD/TotalRevenuePerForm990Amt01160067
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01160067
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01017572
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/CompensationSurveyInd0X
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IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1132000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013530
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt17920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt112000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEITH BLACK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SUSAN REDMON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1LOAN UNDERWRITER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0251030
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1151920
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE ORGANIZATION IS TO ACT AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH CAROLINA AND THROUGHOUT THE UNITED STATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT & CEO CONDUCTS A THOROUGH REVIEW OF THE 990 BEFORE PROVIDING A COPY TO THE AUDIT COMMITTEE FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CONFLICTS OF INTEREST ARE IDENTIFIED AS SOON AS LOAN REQUESTS ARE RECEIVED. IN THE CASE OF BANK PARTICIPATION IN LOAN REQUESTS, LOAN COMMITTEE MEMBERS OR BOARD MEMBERS WITH A CONFLICT OF INTEREST ARE RECUSED FROM VOTING ON WHETHER TO APPROVE THE LOAN REQUEST. IN THE CASE OF A CONFLICT OF INTEREST WITH AN OWNERSHIP INTEREST IN A POTENTIAL BORROWER, LOAN REQUESTS ARE PASSED ON TO ANOTHER CDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE PRESIDENT AND CEO IS SET BY EITHER THE FULL BOARD OF DIRECTORS OR THE EXECUTIVE COMMITTEE (ABSENT THE VOTE OF THE PRESIDENT) OF PBFS. INDUSTRY STANDARDS, AS PROVIDED BY AN INDEPENDENT INDUSTRY TRADE GROUP, IN CONJUNCTION WITH PERFORMANCE AND FINANCIAL ABILITY OF PBFS, ARE USED TO DETERMINE THE RANGE OF COMPENSATION. THE PRESIDENT USES SIMILAR CRITERIA FOR SETTING COMPENSATION LEVELS FOR EMPLOYEES. THE BOARD EVALUATES THE PERFORMANCE OF THE PRESIDENT & CEO AT LEAST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INDUSTRY STANDARDS, AS PROVIDED BY AN INDEPENDENT INDUSTRY TRADE GROUP, IN CONJUNCTION WITH PERFORMANCE AND FINANCIAL ABILITY OF PBFS, ARE USED TO DETERMINE THE RANGE OF COMPENSATION. THE PRESIDENT USES THIS CRITERIA FOR SETTING COMPENSATION LEVELS FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR TAX RETURN FOR PROVIDENT BUSINESS FINANCIAL SERVICES (PBFS) ARE REQUESTED BY A MEMBER OF THE PUBLIC, THE APPLICABLE LAWS CONCERNING THE DISSEMINATION OF SAID DOCUMENTS ARE FOLLOWED. FOR INSTANCES IN WHICH THE PRESIDENT DEEMS PRUDENT, EITHER THE ATTORNEY FOR PBFS, THE EXECUTIVE COMMITTEE AND/OR FULL BOARD, WILL CONSULT THEM FOR AN APPROPRIATE RESPONSE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0845959
IRS990/TotalAssetsEOYAmt0988454
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IRS990/TotalAssetsGrp/EOYAmt0988454
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt08
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0175037
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0842535
IRS990/TotalFunctionalExpensesGrp/TotalAmt01017572
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0845959
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0988454
IRS990/TotalOtherCompensationAmt064512
IRS990/TotalProgramServiceExpensesAmt0842535
IRS990/TotalProgramServiceRevenueAmt01048429
IRS990/TotalReportableCompFromOrgAmt0475200
IRS990/TotalRevenueGrp/ExclusionAmt0111638
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01048429
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01160067
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0845959
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0988454
IRS990/TravelGrp/ManagementAndGeneralAmt03018
IRS990/TravelGrp/ProgramServicesAmt018539
IRS990/TravelGrp/TotalAmt021557
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03125 HEBRON DRIVE
IRS990/USAddress/CityNm0WEST COLUMBIA
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029169
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.PROVIDENTBFS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH BLACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08037910071
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROVIDENT BUSINESS FINANCIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0PROV
ReturnHeader/Filer/EIN0331037188
ReturnHeader/Filer/PhoneNum08037910071
ReturnHeader/Filer/USAddress/AddressLine1Txt03125 HEBRON DRIVE
ReturnHeader/Filer/USAddress/CityNm0WEST COLUMBIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029169
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571021392
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT AND COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 8388
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0292028388
ReturnHeader/PreparerPersonGrp/PhoneNum08032566021
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M PRICE JR
ReturnHeader/ReturnTs02026-03-23T16:32:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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