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← PROVIDENCE ST MEL SCHOOL

Form 990 for tax year 2022

Filed by PROVIDENCE ST MEL SCHOOL.

Totals

Total revenue
$9,921,147
Total expenses
$5,770,518
Contributions and grants received
$6,579,570
Grants paid
$20,025
Program service revenue
$1,630,315
Investment income
$1,683,213
Other revenue
$28,049
Total assets, end of year
$103,158,738
Total liabilities, end of year
$1,120,120
Net assets or fund balances, end of year
$102,038,618
Program services expenses (Part IX)
$4,362,683
Management and general expenses
$1,268,327
Fundraising expenses
$139,508
Program service expenses (Part III)
$4,362,683

Program services were 75.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $822,000

  • 1d · Related organizations

    $4,534,418

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,223,152

  • 1g · Noncash contributions included above

    $91,599

  • 2a · Program service revenue: TUITION & FEES

    total $1,598,717 · related or exempt $1,598,717 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: STUDENT EVENT REVENUE

    total $15,998 · related or exempt $15,998 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Testing, transcripts, misc

    total $4,509 · related or exempt $4,509 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: FIELD TRIP REVENUE

    total $11,091 · related or exempt $11,091 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,257,782 · related or exempt $0 · unrelated business $28,313 · excluded $1,229,469

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,681,116 · other assets $28,000

  • 7b · Less cost or other basis and sales expenses

    securities $9,276,085 · other assets $7,600

  • 7c · Gain or loss

    securities $405,031 · other assets $20,400

  • 7d · Net gain or loss

    total $425,431 · related or exempt $0 · unrelated business $0 · excluded $425,431

  • 8a · Fundraising events: gross income

    $114,630

  • 8a · Fundraising events: contributions included on line 1c

    $822,000

  • 8b · Fundraising events: direct expenses

    $170,940

  • 8c · Net income from fundraising events

    total -$56,310 · unrelated business $0 · excluded -$56,310

  • 9a · Gaming: gross income

    $105,695

  • 9b · Gaming: direct expenses

    $21,900

  • 9c · Net income from gaming

    total $83,795 · related or exempt $0 · unrelated business $0 · excluded $83,795

  • 10a · Gross sales of inventory

    $5,622

  • 10b · Cost of goods sold

    $5,058

  • 10c · Net income from sales of inventory

    total $564 · related or exempt $0 · unrelated business $0 · excluded $564

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,525 · program services $8,525

  • 2 · Grants to domestic individuals

    total $11,500 · program services $11,500

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $466,725 · program services $92,254 · management and general $328,344 · fundraising $46,127

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,317,530 · program services $2,068,313 · management and general $239,024 · fundraising $10,193

  • 8 · Pension plan contributions

    total $48,120 · program services $44,660 · management and general $3,460 · fundraising $0

  • 9 · Other employee benefits

    total $144,086 · program services $117,996 · management and general $26,035 · fundraising $55

  • 10 · Payroll taxes

    total $196,052 · program services $157,301 · management and general $35,293 · fundraising $3,458

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $17,869 · program services $0 · management and general $17,869 · fundraising $0

  • 11c · Fees: accounting

    total $191,724 · program services $0 · management and general $191,724 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $39,424 · program services $0 · management and general $39,424 · fundraising $0

  • 11g · Fees: other

    total $190,387 · program services $53,011 · management and general $103,676 · fundraising $33,700

  • 12 · Advertising and promotion

    total $80,985 · program services $48,234 · management and general $22,805 · fundraising $9,946

  • 13 · Office expenses

    total $56,912 · program services $19,288 · management and general $32,221 · fundraising $5,403

  • 14 · Information technology

    total $71,496 · program services $27,642 · management and general $20,195 · fundraising $23,659

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $395,524 · program services $346,205 · management and general $49,319 · fundraising $0

  • 17 · Travel

    total $14,460 · program services $4,050 · management and general $7,176 · fundraising $3,234

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $3,670 · program services $3,630 · management and general $40 · fundraising $0

  • 20 · Interest

    total $4,828 · program services $0 · management and general $4,828 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,037,837 · program services $1,030,031 · management and general $7,806 · fundraising $0

  • 23 · Insurance

    total $129,793 · program services $16,664 · management and general $112,745 · fundraising $384

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $208,710 · program services $204,116 · management and general $4,594 · fundraising $0

  • 24b · Other expenses: STUDENT TRANSPORTATION COSTS

    total $12,295 · program services $12,295 · management and general $0 · fundraising $0

  • 24c · Other expenses: CLASSROOM SUPPLIES

    total $36,725 · program services $36,725 · management and general $0 · fundraising $0

  • 24d · Other expenses: OTHER STUDENT EXPENSES

    total $48,338 · program services $48,338 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $37,003 · program services $11,905 · management and general $21,749 · fundraising $3,349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,061,052 · end of year $909,098

  • 2 · Savings and temporary cash investments

    beginning of year $402,551 · end of year $378

  • 3 · Pledges and grants receivable

    beginning of year $1,060,448 · end of year $766,507

  • 4 · Accounts receivable

    beginning of year $13,183 · end of year $23,561

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,914 · end of year $5,162

  • 9 · Prepaid expenses and deferred charges

    beginning of year $131,589 · end of year $141,925

  • 10a · Land, buildings and equipment: cost or other basis

    $27,317,101

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,750,999

  • 10c · Land, buildings and equipment, net

    beginning of year $9,071,373 · end of year $8,566,102

  • 11 · Investments: publicly traded securities

    beginning of year $40,087,157 · end of year $51,719,350

  • 12 · Investments: other securities

    beginning of year $38,186,954 · end of year $40,944,353

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $873,909 · end of year $82,302

  • 17 · Accounts payable and accrued expenses

    beginning of year $200,377 · end of year $262,230

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $135,870 · end of year $93,582

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $663,258 · end of year $764,308

  • 27 · Net assets without donor restrictions

    beginning of year $77,609,730 · end of year $90,434,563

  • 28 · Net assets with donor restrictions

    beginning of year $13,284,895 · end of year $11,604,055

Mission and programs · 2022

Mission

PROVIDENCE ST. MEL SCHOOL IS AN INDEPENDENT, PRIVATE SCHOOL WHOSE MISSION IS TO PROVIDE A HIGH-QUALITY, COLLEGE PREPARATORY EDUCATION TO STUDENTS FROM PRESCHOOL THROUGH GRADE 12. THE SCHOOL PRIMARILY TARGETS STUDENTS ON CHICAGO'S WEST SIDE.

Activities or mission (Part I)

TO PROVIDE A HIGH-QUALITY, COLLEGE PREPARATORY EDUCATION FROM PRESCHOOL THROUGH 12TH GRADE.

  • PROVIDENCE ST. MEL PROVIDED 177 DAYS OF INSTRUCTION TO 252 STUDENTS FROM PRESCHOOL THROUGH GRADE 12. 27 STUDENTS COMPLETED GRADE 12 AND ALL WERE ACCEPTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. Grants and scholarships were given to organizations and students.

    Expenses $4,362,683 · Grants $20,025 · Revenue $1,630,315

As filed on the 2022 return.

Listed in Part VII

  • Denise Seminetta

    Board Secretary

    Total calculated
    $0
    Hours/week
    1.2 + 0.2 related

  • Gregory Pusinelli

    Board Chair

    Total calculated
    $0
    Hours/week
    5 + 0.2 related

  • Jeanette Butala

    School President

    Total calculated
    $223,708
    From this org
    $195,146
    From related orgs
    $0
    Other
    $28,562
    Hours/week
    45 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $195,146
    Bonus
    $0
    Other
    $0
    Deferred
    $2,500
    Nontaxable benefits
    $26,062
    Filer's total
    $223,708

  • Karen Pritzker

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    0.3 + 0.2 related

  • Kelley Kinsella

    Board Treasurer

    Total calculated
    $0
    Hours/week
    0.3

  • Paul J Adams III

    School Executive Chairman

    Total calculated
    $198,164
    From this org
    $160,146
    From related orgs
    $0
    Other
    $38,018
    Hours/week
    29.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $160,146
    Bonus
    $0
    Other
    $0
    Deferred
    $2,500
    Nontaxable benefits
    $35,518
    Filer's total
    $198,164

  • Andre Youngblood

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Andrew Rosenman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Kovler

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Caroline Ballantine

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Debora De Hoyos

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gary Elden

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Greg Jenkins

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Gregory Guyett

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • J Thomas Hurvis

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • James Stevenson Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Abney

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • John Canning

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Lori Dawson

    Trustee

    Total calculated
    $0
    Hours/week
    4 + 0.2 related

  • Marcia Doane

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Mary Jo Basler

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Meghan Archibald

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael D O'Halleran

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 0.2 related

  • Michael Hora

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Michael Roberts

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Oscar D Johnson Jr

    Trustee (partial year)

    Total calculated
    $0
    Hours/week
    2

  • Robert Ryan

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Robert Sullivan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott McKeon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Jones

    Trustee

    Total calculated
    $0
    Hours/week
    0.3

  • Thomas Fitzgerald

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Todd Lippman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Crystal Ward

    Student Service Administrator

    Total calculated
    $123,421
    From this org
    $107,021
    From related orgs
    $0
    Other
    $16,400
    Hours/week
    40

  • Daniel Wessel

    Academic Administrator

    Total calculated
    $107,026
    From this org
    $104,219
    From related orgs
    $0
    Other
    $2,807
    Hours/week
    40

  • James Rojahn

    Director of Institutional Advancement

    Total calculated
    $114,566
    From this org
    $112,250
    From related orgs
    $0
    Other
    $2,316
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EAST GARFIELD PARK PLACE LP

    N/A · Low income housing · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by PSM Development Corporation

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EAST GARFIELD PARK PLACE INC

    C Corporation · Low income housing · IL · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PSM Development Corporation

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401349349306555

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