Overview
What is Provident Resources Group Inc?
Provident Resources Group Inc is a nonprofit organization based in Baton Rouge, Louisiana, with a USAddress at 5565 Bankers Avenue, 70808. Their primary mission revolves around promoting and advancing education by developing, constructing, operating, financing, and managing facilities for colleges and universities throughout the country. As of December 31, 2022, they own and operate residential facilities providing over 17,469 beds of safe, convenient, and affordable student housing for students, faculty, and staff. The organization's stated charitable purpose encompasses a variety of activities, including serving the needs of the elderly, promoting healthy communities, and lessening the burden of government. Provident Resources Group, as DoingBusinessAsName "Provident Group," is currently active with a workforce of 83 employees.
Official website here: www.provident.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (66%)
Provident Resources Group Inc has earned a Two-Star rating from Charity Navigator, reflecting a score of 66%. This score indicates room for improvement in accountability and financial practices, despite showing some strong governance features. Notably, the organization has a majority of independent board members and has demonstrated transparency with policies such as conflict of interest and whistleblower protection.
Strengths of this nonprofit include a high program expense ratio of 96.69%, suggesting that a significant portion of its funds is allocated directly to its programs. The board’s independence and the absence of any material diversion of assets further enhance its credibility. Additionally, the organization adheres to good practices in documentation, including meeting minutes and retention policies.
However, the overall rating indicates that there are areas where Provident Resources Group Inc could strengthen its operations and financial management. While it adheres to many good governance practices, the 66% score suggests that stakeholders may want to encourage further transparency and accountability improvements.
This AI summary has been generated from information found on Charity Navigator.
Is Provident Resources Group Inc legitimate?
Provident Resources Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Provident Resources Group 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: $4,230,257
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,822,909
For more financial information, click here
Official website here: www.provident.org
What is the mission statement of Provident Resources Group Inc?
Provident Resources Group Inc is a charitable organization with a mission to serve various communities. It focuses on providing for the needs of the elderly and promoting healthy communities. The organization also extends its support to the poor and distressed, and advocates for education.
In the realm of education, Provident Resources Group Inc develops, constructs, operates, finances, and manages facilities to meet the needs of colleges and universities. These facilities include student housing, health and wellness centers, as well as academic and administrative spaces. As of December 31, 2022, the organization owns and operates residential facilities providing over 17,469 beds of safe, convenient, and affordable student housing for students, faculty, and staff of the institutions they serve.
Official website here: www.provident.org
Who is the CEO of Provident Resources Group Inc?
Unavailable The CEO's salary of Provident Resources Group Inc is $946,021 and their total compensation is $971,868.
Official website here: www.provident.org
What is the revenue of Provident Resources Group Inc?
Provident Resources Group Inc's revenue in 2022 was $333,234,265.
Official website here: www.provident.org
Who are the executives of Provident Resources Group Inc and what are their salaries?
The average compensation at Provident Resources Group Inc during 2022 was $410,279. There are 83 employees at Provident Resources Group Inc.
Here are 16 key members and their salaries (Provident Resources Group Inc's CEO's salary is $946,021 and their total compensation is $971,868):
- Compensation: $934,379
- Related: $0
- Other: $38,107
- Compensation: $946,021
- Related: $0
- Other: $25,847
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $399,079
- Related: $0
- Other: $33,589
- Compensation: $713,316
- Related: $0
- Other: $37,766
- Compensation: $174,004
- Related: $0
- Other: $35,156
- Compensation: $451,706
- Related: $0
- Other: $46,758
- Compensation: $359,995
- Related: $0
- Other: $14,200
- Compensation: $54,254
- Related: $0
- Other: $0
- Compensation: $107,009
- Related: $0
- Other: $25,828
- Compensation: $191,287
- Related: $0
- Other: $18,175
Official website here: www.provident.org
Where can I find the form 990 for Provident Resources Group Inc?
Provident Resources Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.provident.org
Learn more at the official website: www.provident.org
Mission Statement of Provident Resources Group Inc
Provident Resources Group Inc, a renowned nonprofit organization, is dedicated to a comprehensive mission encompassing various aspects of community welfare. The organization's purpose extends to providing for the needs of the elderly, fostering healthy communities, lending a helping hand to the poor and distressed, and promoting education.
In the realm of elderly care, Provident Resources Group Inc strives to make a difference through the development, construction, acquisition, ownership, and management of facilities designed specifically for their needs. These efforts aim to ensure that the elderly population has access to safe, convenient, and affordable living arrangements.
In the education sector, the Education Resources Division of Provident Resources Group Inc plays a pivotal role. They develop, construct, operate, finance, and manage facilities of various types, including student housing, health and wellness, and academic and administrative space. As of December 31, 2022, the organization had over 17,469 beds in residential facilities, offering safe and affordable student housing for students, faculty, and staff of the institutions they serve.
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Impact
October, 2024
Provident Resources Group Inc significantly impacts various sectors, focusing primarily on the needs of the elderly, promoting healthy communities, and advancing education. Its multifaceted mission addresses critical areas of societal concern, providing valuable services to marginalized populations and enhancing educational facilities.
The organization actively supports the elderly by developing and managing residential facilities tailored to their needs, thereby improving their quality of life. By creating safe and affordable housing options, Provident Resources Group ensures that older adults have access to essential services and community support.
In education, Provident Resources Group plays a pivotal role by financing and managing a variety of facilities, which include not only student housing but also health and wellness spaces, as well as academic and administrative buildings. This comprehensive approach allows colleges and universities to better serve their students, faculty, and staff, contributing to a more robust academic environment. As of December 31, 2022, the organization owned and operated over 17,469 beds, further emphasizing its commitment to providing convenient and accessible housing for the educational community.
By lessening the burden of government through these initiatives, Provident Resources Group enhances the overall well-being of communities, fosters educational development, and ensures that vulnerable populations receive the support they need. Its work promotes healthier living environments and contributes to the educational advancement of countless individuals across the country.
This information is meant to be a general summary of Provident Resources Group 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $57,396,443
- Program Service Revenue: $242,868,449
- Gross Receipts: $397,927,418
Assets and Liabilities:
- Total Assets: $2,617,109,061
- Total Liabilities: $3,023,044,062
- Net Assets: -$405,935,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$201,024,966
REVENUE FROM SALES-TYPE LEASE
Revenue
$27,242,741
RESIDENT SERVICE REVENUE
Revenue
$7,083,511
WELLNESS PROGRAM REVENUES
Revenue
$5,159,096
MANAGEMENT RELATED REVENUE
Revenue
$1,877,269
Organization Details
Founding Year
1999
Phone
(225) 766-3977Main Address
5565 Bankers Avenue, Baton Rouge, LA, 70808
Website
www.provident.orgNTEE Category
Code: E91 - Health
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