Form 990 for tax year 2022
Filed by PROVIDENCE EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $1,478,150
- Total expenses
- $1,499,473
- Contributions and grants received
- $317,300
- Grants paid
- $0
- Program service revenue
- $832,188
- Investment income
- $318,662
- Other revenue
- $10,000
- Total assets, end of year
- $8,390,471
- Total liabilities, end of year
- $658,951
- Net assets or fund balances, end of year
- $7,731,520
- Program services expenses (Part IX)
- $1,475,661
- Management and general expenses
- $23,812
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,475,661
Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$317,300
-
2a · Program service revenue: CHRISTIAN BROADCASTING
total $832,188 · related or exempt $832,188
-
3 · Investment income
total $318,662 · excluded $318,662
-
11a · Other revenue: MISCELLANEOUS INCOME
total $10,000 · related or exempt $10,000
-
11e · Other revenue, total
$10,000
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $1,069,087 · program services $1,069,087
-
11c · Fees: accounting
total $11,300 · management and general $11,300
-
13 · Office expenses
total $12,512 · management and general $12,512
-
20 · Interest
total $46,147 · program services $46,147
-
22 · Depreciation, depletion and amortization
total $360,427 · program services $360,427
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $552,044 · end of year $81,222
-
4 · Accounts receivable
beginning of year $474,030 · end of year $474,030
-
7 · Other notes and loans receivable
beginning of year $4,450,420 · end of year $4,377,033
-
10a · Land, buildings and equipment: cost or other basis
$3,964,357
-
10b · Land, buildings and equipment: accumulated depreciation
$2,493,800
-
10c · Land, buildings and equipment, net
beginning of year $1,530,927 · end of year $1,470,557
-
11 · Investments: publicly traded securities
beginning of year $1,265,363 · end of year $1,614,099
-
15 · Other assets
beginning of year $325,000 · end of year $373,530
-
17 · Accounts payable and accrued expenses
beginning of year $328,409
-
25 · Other liabilities
beginning of year $574,260 · end of year $658,951
-
27 · Net assets without donor restrictions
beginning of year $7,695,115 · end of year $7,731,520
Mission and programs · 2022
Mission
TO PROVIDE CHRISTIAN BROADCASTING IN THE NEW ORLEANS METROPLEX, TO SERVE THE COMMUNITY BY PROCLAIMING CHRIST AND TO PROVIDE HOUSING FOR THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY'S MISSION LAB PROGRAM, STUDENTS AND GUESTS.
-
TO PROVIDE 24/7 BROADCASTING IN THE NEW ORLEANS METROPLEX AND INTERNET BROADCASTING OF CHRISTIAN MUSIC AND MINISTRY 365 DAYS A YEAR INCLUDING MONTHLY MINISTRY FOCUSING ON ASSISTING PEOPLE IN THE NEW ORLEANS COMMUNITY. IN ADDITION, PROVIDENCE EDUCATIONAL FOUNDATION PROVIDES HOUSING FOR THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY'S MISSION LAB PROGRAM THAT MINISTERS THROUGH 4,800 INDIVIDUALS TO THE NEW ORLEANS COMMUNITY, 115 STUDENTS LIVING ON THE SEMINARY CAMPUS, AND SEMINARY GUESTS.
Expenses $1,475,661 · Revenue $842,188
As filed on the 2022 return.
Listed in Part VII
-
Jim DavisonJIM DAVISON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Clay CorvinCLAY CORVIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Brett AllenBRETT ALLEN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dudley MayDUDLEY MAY
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Nelson PriceDR NELSON PRICE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Mack GrubbsMACK GRUBBS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Nancy VictoryDR NANCY VICTORY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Errol WilkenERROL WILKEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Rev Jack BellREV JACK BELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
James E DavisonJAMES E DAVISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Phil HanberryPHIL HANBERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Erik DukesDR ERIK DUKES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Jamie DewDR JAMIE DEW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Ginger M CressGINGER M CRESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
John GreenbankJOHN GREENBANK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Larry LyonDR LARRY LYON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY
501(C)(3) · SEMINARY · LA
-
NEW ORLEANS BAPTIST SEMINARY FOUNDATION
501(C)(3) · SEMINARY FOUNDATION · LA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202400169349301415
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