Civic Intelligence

Providence Academy

990 • Fiscal year 2018 • EIN 62-1564142

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileWWW.PROVIDENCEACADEMY.COM

View Organization Page

2788 Carroll Creek RoadJohnson City, TN 37615

(423) 854-9819

Siviq Scores

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

Liabilities / Assets

66th percentile

0.33x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.80x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

37th percentile

-0.3%

Higher net margin than 37% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

33rd percentile

$84,391

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

28th percentile

-3.1%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.8%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$9,668,588

Down $307,950 (-3.1%) from 2017

Net Assets

Down

$6,493,117

Down $10,009 (-0.2%) from 2017

Liabilities

Down

$3,175,471

Down $297,941 (-8.6%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin37th percentile

Revenue

Up

$3,971,265

Up $68,552 (+1.8%) from 2017

Expenses

Up

$3,981,274

Up $16,101 (+0.4%) from 2017

Net Income

Up

-$10,009

Up $52,451 (+84%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$30M$20M$10M$0Assets 2010: $7,650,259Liabilities 2010: $3,045,699Net Assets 2010: $4,604,5602010Assets 2011: $7,876,731Liabilities 2011: $3,181,969Net Assets 2011: $4,694,7622011Assets 2012: $7,886,928Liabilities 2012: $3,011,296Net Assets 2012: $4,875,6322012Assets 2013: $7,993,054Liabilities 2013: $3,028,107Net Assets 2013: $4,964,9472013Assets 2014: $8,086,251Liabilities 2014: $2,973,241Net Assets 2014: $5,113,0102014Assets 2015: $9,299,213Liabilities 2015: $3,052,974Net Assets 2015: $6,246,2392015Assets 2016: $10,381,243Liabilities 2016: $3,815,657Net Assets 2016: $6,565,5862016Assets 2017: $9,976,538Liabilities 2017: $3,473,412Net Assets 2017: $6,503,1262017Assets 2018: $9,668,588Liabilities 2018: $3,175,471Net Assets 2018: $6,493,1172018Assets 2019: $9,401,441Liabilities 2019: $2,936,257Net Assets 2019: $6,465,1842019Assets 2020: $9,804,139Liabilities 2020: $2,560,969Net Assets 2020: $7,243,1702020Assets 2021: $13,298,230Liabilities 2021: $5,778,447Net Assets 2021: $7,519,7832021Assets 2022: $17,103,088Liabilities 2022: $5,918,234Net Assets 2022: $11,184,8542022Assets 2023: $19,938,375Liabilities 2023: $4,148,660Net Assets 2023: $15,789,7152023Assets 2024: $20,649,234Liabilities 2024: $4,180,735Net Assets 2024: $16,468,4992024

Highlighted filing

2018

Assets$9,668,588
Liabilities$3,175,471
Net Assets$6,493,117
Open 2018 Filing

Operations Trend

Revenue Growth44th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,095,5982010Expenses 2011: $3,264,1522011Expenses 2012: $3,538,7192012Revenue 2013: $3,566,886Expenses 2013: $3,477,571Net Income 2013: $89,3152013Revenue 2014: $3,727,749Expenses 2014: $3,579,686Net Income 2014: $148,0632014Revenue 2015: $4,831,765Expenses 2015: $3,698,536Net Income 2015: $1,133,2292015Revenue 2016: $4,140,526Expenses 2016: $3,821,179Net Income 2016: $319,3472016Revenue 2017: $3,902,713Expenses 2017: $3,965,173Net Income 2017: -$62,4602017Revenue 2018: $3,971,265Expenses 2018: $3,981,274Net Income 2018: -$10,0092018Revenue 2019: $4,082,248Expenses 2019: $4,110,180Net Income 2019: -$27,9322019Revenue 2020: $5,088,712Expenses 2020: $4,395,226Net Income 2020: $693,4862020Revenue 2021: $5,540,745Expenses 2021: $5,260,163Net Income 2021: $280,5822021Revenue 2022: $10,009,761Expenses 2022: $6,365,442Net Income 2022: $3,644,3192022Revenue 2023: $8,216,454Expenses 2023: $7,247,833Net Income 2023: $968,6212023Revenue 2024: $9,262,288Expenses 2024: $8,864,677Net Income 2024: $397,6112024

Highlighted filing

2018

Revenue$3,971,265
Expenses$3,981,274
Net Income-$10,009
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$4,104,693
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,191,127$7,086,958▼ $104,169
Savings and Temporary Cash Investments$2,357,482$2,358,027▲ $545
Pledges and Grants Receivable$291,803$100,214▼ $191,589
Accounts Receivable$54,880$75,005▲ $20,125
Prepaid Expenses and Deferred Charges$71,251$38,966▼ $32,285
Total Assets$9,976,538$9,668,588▼ $307,950
Other Assets Total$9,995$9,418▼ $577
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,312,060$1,975,138▼ $336,922
Deferred Revenue$838,185$862,757▲ $24,572
Accounts Payable and Accrued Expenses$178,188$204,809▲ $26,621
Other Liabilities$144,979$132,767▼ $12,212
Total Liabilities$3,473,412$3,175,471▼ $297,941
Net Assets / Fund Balance
Unrestricted Net Assets$6,171,613$6,156,647▼ $14,966
Temporarily Rstr Net Assets$331,513$336,470▲ $4,957
Total Net Assets Fund Balance$6,503,126$6,493,117▼ $10,009
Total Liabilities and Net Assets / Fund Balance$9,976,538$9,668,588▼ $307,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,513,573$2,552,188$8,065,761
Land$1,098,355-$1,098,355
Equipment$472,820$611,945$1,084,765
Other Land Buildings$2,210$150,548$152,758
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerry WilliamsAdministratorFT$83,450$941$84,391

Board Members and Trustees

NameTitle
Scott GreerChairman
Josh PuhrVice-chairman
Bill BoswellBoard Member
Mark HechtBoard Member
Phil RainesBoard Member
Robert SmithBoard Member
Tommy WoodsBoard Member
Earle ChuteEx-officio
Morris HenardEx-officio
Brad SteinhoffSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$308,786
Program Service Revenue
$3,535,005
Investment Income
$4,188
Other Revenue
$123,286
All Other Contributions
$260,664
Change in Net Assets
$-10,009

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table200$48,122Fair Market Value (FMV)
Total Noncash Contributions200$48,122-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,728,380
Other Expenses$998,465
Grants and Similar Amounts Paid$254,429
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,835,279$458,819-$2,294,098
Depreciation Depletion$253,255$32,758-$286,013
Grants to Domestic Individuals$254,429--$254,429
Occupancy$153,018$38,255-$191,273
Payroll Taxes$142,451$35,613-$178,064
Other Employee Benefits$136,580$34,145-$170,725
Current Officers, Directors, Trustees, and Key Employees$68,394$17,099-$85,493
All Other Expenses$75,613$8,857-$84,470
Interest-$82,611-$82,611
Other Expenses$32,950$8,238-$41,188
Insurance$14,083$14,083-$28,166
Fees for Services Legal-$18,385-$18,385
Advertising-$525-$525
Total Functional Expenses$3,195,184$786,090$0$3,981,274
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$249,186
Fundraising Direct Expenses$133,428
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Storytelling Festival$130,841$130,841$38,655$92,186
Athletics$93,015$93,015$84,881$8,134
Total Events$297,308$249,186$133,428$115,758
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Sick Time Payable$106,446
Due to Classes (agency)$26,321
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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, Part VI, Section A, Line 6

“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.”

Form 990, Part VI, Section A, Line 7A

“The school considers all participants in the school's parent/teacher organization, as members. This includes parents of current students, school staff and alumni and their parents. Per the school's by-laws, members can nominate board members. Election of new board members will be affirmed by a majority of ballots from members returned to the board at or before the annual association meeting.”

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

“Distributed by e-mail to board members for review and approval, vote taken and documented.”

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

“Completed annually during review or audit process”

Form 990, Part VI, Section B, Line 15

“Board reviews annually and sets compensation”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Providence Academy
EIN
62-1564142
Phone
4238549819
Address
2788 CARROLL CREEK ROAD, JOHNSON CITY, TN 37615

Signing Officer

Name
Benjamin Holland
Title
Head of School
Phone
4238549819
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Holland
Formed
1994
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
109
Volunteers
135

Preparer

Firm
Blackburn Childers & Steagall Plc
Address
801B SUNSET DRIVE, JOHNSON CITY, TN 37604-3033
Preparer
Sarah Presnell
Phone
4232824511
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The finance committee assumes responsibility for oversight of audit, review or compilation of its financisl statements and selection of an independent accountant. This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Note 10-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, 2018 and 2017, 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 years ended june 30, 2018 and 2017.”

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02312060
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01975138
IRS990/NetAssetsOrFundBalancesBOYAmt06503126
IRS990/NetAssetsOrFundBalancesEOYAmt06493117
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0115758
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0115758
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt07528
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07528
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt048122
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt038255
IRS990/OccupancyGrp/ProgramServicesAmt0153018
IRS990/OccupancyGrp/TotalAmt0191273
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09995
IRS990/OtherAssetsTotalGrp/EOYAmt09418
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034145
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0136580
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0170725
IRS990/OtherExpensesGrp/Desc0EQUIPMENT MAINTENANCE A
IRS990/OtherExpensesGrp/Desc1CURRICULUM & ACCREDITAT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022445
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114257
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28238
IRS990/OtherExpensesGrp/ProgramServicesAmt089780
IRS990/OtherExpensesGrp/ProgramServicesAmt182326
IRS990/OtherExpensesGrp/ProgramServicesAmt257026
IRS990/OtherExpensesGrp/ProgramServicesAmt332950
IRS990/OtherExpensesGrp/TotalAmt0112225
IRS990/OtherExpensesGrp/TotalAmt182326
IRS990/OtherExpensesGrp/TotalAmt271283
IRS990/OtherExpensesGrp/TotalAmt341188
IRS990/OtherLiabilitiesGrp/BOYAmt0144979
IRS990/OtherLiabilitiesGrp/EOYAmt0132767
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0458819
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01835279
IRS990/OtherSalariesAndWagesGrp/TotalAmt02294098
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035613
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142451
IRS990/PayrollTaxesGrp/TotalAmt0178064
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0291803
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100214
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071251
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt038966
IRS990/PrincipalOfficerNm0BENJAMIN HOLLAND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03535005
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03535005
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0302577
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0262947
IRS990/PYInvestmentIncomeAmt02258
IRS990/PYOtherExpensesAmt01011690
IRS990/PYOtherRevenueAmt092150
IRS990/PYProgramServiceRevenueAmt03505728
IRS990/PYRevenuesLessExpensesAmt0-62460
IRS990/PYSalariesCompEmpBnftPaidAmt02690536
IRS990/PYTotalExpensesAmt03965173
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03902713
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-10009
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt07528
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03535005
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02357482
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02358027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0308786
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0302577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0575522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01400076
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0369058
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02956019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02672
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02801
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013972
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt017192153
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0115758
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt085319
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt091277
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt089701
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt024274
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0406329
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67080
IRS990ScheduleA/PublicSupportPY170Pct00.70710
IRS990ScheduleA/PublicSupportTotal170Amt02264742
IRS990ScheduleA/SubstantialContributorsTotAmt0691277
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0308786
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0302577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0575522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01400076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0369058
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02956019
IRS990ScheduleA/TotalSupportAmt03376320
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05513573
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02552188
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08065761
IRS990ScheduleD/EquipmentGrp/BookValueAmt0472820
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0611945
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01084765
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01098355
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01098355
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02210
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0150548
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0152758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CLASSES (AGENCY)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED SICK TIME PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOTE 10-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, 2018 AND 2017, 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 YEARS ENDED JUNE 30, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07086958
IRS990ScheduleD/TotalLiabilityAmt0132767
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIES PRINCIPALLY UPON THE BROCHURES AND PRINTED MATTER TO COMMUNICATE THE RACIALLY NONDISCRIMINATORY POLICY. RADIO EXPOSURE IS PRIMARILY A SPONSORSHIP OF CHRISTIAN PROGRAMMING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt048122
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt048122
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0133428
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STORYTELLING FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ATHLETICS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0130841
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt093015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt073452
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0297308
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0130841
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt093015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt025330
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0249186
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0115758
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt09892
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0133428
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt038655
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt084881
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0254429
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CASH SCHOLARSHIPS/DISCOUNTS TO STUDENTS OF PROVIDENCE ACADEMY IN WASHINGTON COUNTY, TN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0139
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RECIPIENTS RECEIVE FUNDS DIRECTLY ON THEIR ACCOUNTS BY THE SCHOOL. NO FUNDS ARE EVER DISBURSED DIRECTLY TO THE INDIVIDUALS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,668,588
Liabilities
$3,175,471
Net assets
$6,493,117
Revenue
$3,971,265
Expenses
$3,981,274
Net income
-$10,009
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.6$4.18$16.5$9.26$8.86$0.40
2023Detailed filing. Detailed filing data is available for this year.$19.9$4.15$15.8$8.22$7.25$0.97
2022Detailed filing. Detailed filing data is available for this year.$17.1$5.92$11.2$10.0$6.37$3.64
2021Detailed filing. Detailed filing data is available for this year.$13.3$5.78$7.52$5.54$5.26$0.28
2020Detailed filing. Detailed filing data is available for this year.$9.80$2.56$7.24$5.09$4.40$0.69
2019Detailed filing. Detailed filing data is available for this year.$9.40$2.94$6.47$4.08$4.11$0.03
2018Detailed filing. Detailed filing data is available for this year.$9.67$3.18$6.49$3.97$3.98$0.01
2017Detailed filing. Detailed filing data is available for this year.$9.98$3.47$6.50$3.90$3.97$0.06
2016Detailed filing. Detailed filing data is available for this year.$10.4$3.82$6.57$4.14$3.82$0.32
2015Detailed filing. Detailed filing data is available for this year.$9.30$3.05$6.25$4.83$3.70$1.13
2014Detailed filing. Detailed filing data is available for this year.$8.09$2.97$5.11$3.73$3.58$0.15
2013Summary only. Only limited summary data is available for this year.$7.99$3.03$4.96$3.57$3.48$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.89$3.01$4.88$3.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$3.18$4.69$3.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.65$3.05$4.60$3.10