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Providence Extension Ministries Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262424067 ✦ St johns, FL ✦ Designated as a 501(c)(3)

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Overview

What is Providence Extension Ministries Inc?

Providence Extension Ministries Inc, based in St. Johns, Florida, is a nonprofit organization that offers educational programs and classes to over 500 home-schooled students. Their mission is to enable parents to provide a Christ-centered, financially appealing, college-preparatory alternative. This alternative aims to train students in employing sound reasoning while fostering a strong biblical life and worldview, equipping them with self-government tools. The organization's curriculum includes subjects like math, history, composition, literature, science, logic, and foreign languages. With a team of 135 employees, Providence Extension Ministries Inc seeks to provide an academically challenging and spiritually grounded education for home-schooled students.


Official website here: www.pep1.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 62%

Providence Extension Ministries Inc has received a 62% rating from Charity Navigator, which categorizes it as a Two-Star out of Four Stars nonprofit. This rating reflects concerns primarily in the Accountability & Finance aspects of the organization. While the nonprofit boasts a fully independent board, significant issues arise from its lack of independent board size, financial statement transparency, and the absence of essential policies like conflict of interest and whistleblower protections.

On a positive note, the organization demonstrates a solid program expense ratio and a favorable liabilities to assets ratio, indicating that it effectively utilizes its resources for its programs. Additionally, all board meeting minutes are documented, contributing to transparency in governance. However, the lack of basic financial documentation and oversight policies limits its overall score and raises questions about its financial management practices.

Overall, while Providence Extension Ministries Inc exhibits some strengths, particularly in board independence and program expenditures, there are critical areas that need improvement to enhance its accountability and financial transparency. Addressing these gaps could lead to a more favorable evaluation in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Providence Extension Ministries Inc legitimate?

Providence Extension Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Extension Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,086,833

For more financial information, click here


Official website here: www.pep1.org

What is the mission statement of Providence Extension Ministries Inc?

Providence Extension Ministries Inc's mission is centered around enabling parents to offer their children a Christ-focused, financially viable, and college-preparatory alternative education. This educational approach aims to instill sound reasoning skills in students while fostering a strong biblical life and worldview. The organization equips these students with tools for self-governance, thereby preparing them for their future. They provide educational programs and classes in subjects such as mathematics, history, composition, literature, science, logic, and foreign language, catering to over 500 home-schooled students.


Official website here: www.pep1.org

Who is the CEO of Providence Extension Ministries Inc?

Elizabeth Smith is the President of Providence Extension Ministries Inc.


Official website here: www.pep1.org

What is the revenue of Providence Extension Ministries Inc?

Providence Extension Ministries Inc's revenue in 2022 was $1,554,623.


Official website here: www.pep1.org

Who are the executives of Providence Extension Ministries Inc and what are their salaries?

The average compensation at Providence Extension Ministries Inc during 2022 was $8,051. There are 135 employees at Providence Extension Ministries Inc.


Here are 2 key members and their salaries:


Elizabeth Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leland Trey Smith (Secretary, T)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pep1.org

Where can I find the form 990 for Providence Extension Ministries Inc?

Providence Extension Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pep1.org

Learn more at the official website: www.pep1.org

Mission Statement of Providence Extension Ministries Inc

Providence Extension Ministries Inc is dedicated to enabling parents to offer their children a Christ-centered, financially appealing, and college-preparatory alternative education. This nonprofit organization aims to train students to employ sound reasoning while fostering a strong biblical life and worldview. By providing educational programs and classes in subjects such as mathematics, history, composition, literature, science, logic, and foreign languages, Providence Extension Ministries Inc equips over 500 home-schooled students with the tools for self-government. The mission of this nonprofit is to offer an environment that nurtures both academic and spiritual growth, enabling students to develop a well-rounded perspective on life.

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Impact




October, 2024

Providence Extension Ministries Inc significantly impacts the education landscape by providing a Christ-centered, financially accessible college preparatory alternative for families. It empowers parents to take an active role in their children's education, ensuring that students not only receive academic training but also develop a strong biblical worldview and sound reasoning skills.

With educational programs spanning math, history, composition, literature, science, logic, and foreign languages, the ministry serves over 500 home-schooled students, offering a comprehensive curriculum that equips them for future academic success. This approach fosters self-governance among students, preparing them to navigate life's challenges with discernment and integrity. Through its mission, Providence Extension Ministries Inc cultivates an environment where faith and education intersect, ultimately shaping the leaders of tomorrow.




This information is meant to be a general summary of Providence Extension Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,554,623 (2022)
Expenses
$1,462,062 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19
  • Program Service Revenue: $1,488,513
  • Gross Receipts: $1,554,623

Assets and Liabilities:

  • Total Assets: $1,402,910
  • Total Liabilities: $3,065
  • Net Assets: $1,399,845

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION INCOME

Revenue

$1,323,513

MANAGEMENT FEE INCOME

Revenue

$120,000

APPLICATION FEE INCOME

Revenue

$45,000

Organization Details

Founding Year

2008

Principal Officer

Elizabeth Smith

Main Address

PO BOX 600784, ST JOHNS, FL, 32260

NTEE Category

Code: B99 - Education

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