Providence Academy
990 • Fiscal year 2013 • EIN 62-1564142
Scores are not available for this record yet.
Assets
Flat$7,993,054
Flat from 2013
Net Assets
Flat$4,964,947
Flat from 2013
Liabilities
Flat$3,028,107
Flat from 2013
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$3,477,571
Flat from 2013
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jul 1, 2012 to Jun 30, 2013
- Signed
- Apr 22, 2014
- Return Version
- 2012v2.1
- Gross Receipts
- $3,765,341
Mission
To equip students to achieve academic excellence and spiritual maturity through a biblically based, christ-centered, classical education so they will think and live in a manner which brings glory to god.
Filer
- EIN
- 62-1564142
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | NOTE 11-TAX UNCERTAINTIES: THE SCHOOL FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2013, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED JUNE 30, 2013. GENERALLY, THE TAX YEARS BEFORE 2010 ARE NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES. |
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| IRS990ScheduleE/Form990ScheduleEPartII/Explanation | 0 | THE ORGANIZATION RELIES PRINCIPALLY UPON THE BROCHURES AND PRINTED MATTER TO COMMUNICATE THE RACIALLY NONDISCRIMINATORY POLICY. RADIO EXPOSURE IS PRIMARILY A SPONSORSHIP OF CHRISTIAN PROGRAMMING. |
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| IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent2 | 0 | 40761 |
| IRS990ScheduleG/EventsInformation/OtherDirectExpensesOtherEvents | 0 | 166943 |
| IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents | 0 | 237466 |
| IRS990ScheduleG/EventsInformation/TotalNumberOfOtherEvents | 0 | 7 |
| IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant | 0 | 271725 |
| IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance | 0 | N/A |
| IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation | 0 | N/A |
| IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients | 0 | 158 |
| IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant | 0 | CASH SCHOLARSHIPS TO STUDENTS OF PROVIDENCE ACADEMY IN WASHINGTON COUNTY, TN |
| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | SCHEDULE I, PART I, LINE 2: RECIPIENTS RECEIVE FUNDS DIRECTLY ON THEIR ACCOUNTS BY THE SCHOOL. NO FUNDS ARE EVER DISBURSED DIRECTLY TO THE INDIVIDUALS. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: |
| IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference | 0 | PART I, LINE 2: |
| IRS990ScheduleI/RecordsMaintained | 0 | 1 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleM/AnyPropertyThatMustBeHeld | 0 | 0 |
| IRS990ScheduleM/OtherNonCashContributionsTable/Description | 0 | ITEMS FOR AUCTION/BASKETS |
| IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues | 0 | FMV |
| IRS990ScheduleM/OtherNonCashContributionsTable/NonCashCheckbox | 0 | X |
| IRS990ScheduleM/OtherNonCashContributionsTable/NoncashContribsRptdF990 | 0 | 69281 |
| IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions | 0 | 295 |
| IRS990ScheduleM/ReviewProcessUnusualNCGifts | 0 | 0 |
| IRS990ScheduleM/ThirdPartiesUsed | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE ORGANIZATION HAS MEMBERS AS DEFINED BY THE IRS AS ANY PERSON WHO HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. THEY DO NOT RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS FROM THE ORGANIZATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | DISTRIBUTED BY E-MAIL TO BOARD MEMBERS FOR REVIEW AND APPROVAL, VOTE TAKEN AND DOCUMENTED. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | COMPLETED ANNUALLY DURING REVIEW OR AUDIT PROCESS |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | BOARD REVIEWS ANNUALLY AND SETS COMPENSATION |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | UPON REQUEST |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF AUDIT, REVIEW OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | FINANCIAL STATEMENTS AND REPORTING |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART XII, LINE 2C |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 1 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | TN |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | TN |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/TemporarilyRestrictedNetAssets/BOY | 0 | 490983 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $7,993,054
- Liabilities
- $3,028,107
- Net assets
- $4,964,947
- Revenue
- -
- Expenses
- $3,477,571
- Net income
- -