Providence Foundation
Nonprofit profile at a glance
- EIN
- 541293961
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Charlottesvle, VA, USA
- Phone
- 4349784535
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Printing, Publishing
- Affiliation
- Christianity
Reported finances
- Revenue
- $332,489
- Expenses
- $232,198
- Assets
- $314,920
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Stephen McDowell (President)
Highest reported compensation
- Stephen McDowell (President): $92,500 total reported compensation
- Beth McDowell (Secretary): $1,005 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 organization provides religious and educational seminars and classes and produces religious educational books and materials relating to providential history and Christian principles of education and family life.
What it reported doing in 2024
The organization provides a regular journal periodic newsletters and religious educational books and materials relating to providential history and Christian principles of education and family life.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 92
- Accountability: 38
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.3%; rating input score 58
- Program expense ratio: 83.5%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 57.1%; rating input score 57; 17th percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 30.2%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 40.3%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 36.8% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 31.8% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 34.4% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 58.3% of revenue deployed · 83.5% of spending went to programs
- Governance: 4 of 7 board members independent · 1 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $194K in reported program spending
- Leadership: top reported pay $92K · 7 people listed
- Consistency: 41 of 41 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Accountability: Governance controls: 7 of 8 not reported.
- Review — Accountability: Independent voting board scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Officer compensation ratio scored 6/100.