Providence Country Day School

Nonprofit profile at a glance

EIN
050258934
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
East Providence, RI, USA
Phone
4014385170
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Secondary, High School

Reported finances

Revenue
$11,853,244
Expenses
$10,622,668
Assets
$14,209,458
Liabilities
$6,652,186

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • PATRICK MCQUADE (PRESIDENT)
  • ROBERT KHOURY (VICE PRESIDENT)
  • PAULA MCNAMARA (VICE PRESIDENT)

Highest reported compensation

  • KEVIN FOLAN (HEAD OF SCHOOL): $241,177 total reported compensation
  • MARK MCLAUGHLIN (ASSOCIATE HEAD OF SCHOOL): $169,586 total reported compensation
  • MARGARET ADAIR (HEAD OF THE LOWER SCHOOL): $114,259 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the providence country day school is to inspire lives of engaged citizenship in an inclusive community that values the unique strengths of all students. By setting high standards for academic achievement, ethical behavior, and community participation, pcd empowers students to grow with confidence and prepare for a lifetime of learning and leadership to meet the challenges of an ever-changing world.

What it reported doing in 2024

The providence country day school is an aisne-accredited independent school offering lower, middle, and high school education for pre-k through 12th graders, including academic instruction and extracurricular activities.

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 87
  • Accountability: 93
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.8%; rating input score 61
  • Program expense ratio: 68.3%; rating input score 68
  • Fundraising efficiency: $6.29 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.4%; rating input score 96; 30th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.4%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 1.34; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.47; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 60.8% of revenue deployed · 68.3% of spending went to programs
  • Governance: 27 of 28 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $7.3M in reported program spending
  • Leadership: top reported pay $241K · 32 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.2M reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 26/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.