Overview
What is Provident Commonwealth Education Resources Inc?
Provident Commonwealth Education Resources Inc is a nonprofit organization that plays a significant role in the education sector by acquiring, planning, developing, financing, equipping, managing, operating, and maintaining various facilities and services related to education. Specifically, they focus on dormitory facilities, dining facilities, parking facilities, and ancillary structures at The University of Massachusetts Boston and affiliated institutions. This commitment ensures a conducive learning environment and enhances the overall educational experience.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Provident Commonwealth Education Resources Inc has received a 79% rating, reflecting a solid performance in accountability and finance. The organization boasts a strong independent board with 80% of its members being independent. Additionally, it demonstrates excellent financial oversight with perfect scores in several governance categories, including audit and oversight and conflict of interest policies.
The charity's program expense ratio is notably high at 98.85%, indicating that a significant portion of its funds is directed toward its educational programs. This suggests the organization is effectively focused on its mission. However, the liabilities to assets ratio is concerning at 116.11%, which may suggest financial instability or the need for better asset management.
Overall, while Provident Commonwealth Education Resources Inc shows strengths in governance and program spending, the financial health indicated by the liabilities to assets ratio should be monitored. This combination of factors places the organization in a favorable light while also highlighting areas for potential improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Provident Commonwealth Education Resources Inc legitimate?
Provident Commonwealth Education Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Provident Commonwealth Education Resources 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: $210,819
For more financial information, click here
What is the mission statement of Provident Commonwealth Education Resources Inc?
Provident Commonwealth Education Resources Inc plays a significant role in promoting education by acquiring, planning, developing, financing, equipping, managing, operating, and maintaining various facilities on university campuses. Their mission extends to one or more dormitory facilities, dining facilities, parking facilities, and ancillary buildings. By investing in the infrastructure that supports learning environments, they contribute to the overall educational experience for students. Their commitment to education goes beyond just providing facilities, as they also oversee their management and operation.
Who is the CEO of Provident Commonwealth Education Resources Inc?
Unavailable
What is the revenue of Provident Commonwealth Education Resources Inc?
Provident Commonwealth Education Resources Inc's revenue in 2022 was $12,563,325.
Who are the executives of Provident Commonwealth Education Resources Inc and what are their salaries?
There 2 volunteers at Provident Commonwealth Education Resources Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $934,379
- Other: $38,107
- Compensation: $0
- Related: $24,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $24,000
- Other: $0
- Compensation: $0
- Related: $713,316
- Other: $37,766
- Compensation: $0
- Related: $946,021
- Other: $25,847
Where can I find the form 990 for Provident Commonwealth Education Resources Inc?
Provident Commonwealth Education Resources Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Provident Commonwealth Education Resources Inc
Provident Commonwealth Education Resources Inc, a renowned nonprofit organization, is dedicated to fostering education growth by acquiring, planning, developing, financing, equipping, managing, operating, and maintaining various facilities on university campuses. Their mission extends to the provision of dormitory facilities, dining halls, parking areas, and ancillary structures to enhance the learning experience for students in Massachusetts and beyond. By investing in these essential facilities, Provident Commonwealth Education Resources Inc contributes significantly to the academic success and overall well-being of students at The University of Massachusetts Boston and its member institutions.
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Impact
October, 2024
Provident Commonwealth Education Resources Inc. significantly enhances the educational landscape by developing and managing vital infrastructure that supports student life. Through the acquisition, planning, and construction of dormitory facilities, dining areas, and parking solutions on the University of Massachusetts Boston campus and its affiliated institutions, it creates an environment conducive to learning and personal growth. By ensuring that students have access to quality housing and essential services, the organization plays a crucial role in fostering academic success and enhancing the overall college experience. Its efforts not only improve living conditions but also contribute to a vibrant campus community, helping students to thrive both academically and socially.
This information is meant to be a general summary of Provident Commonwealth Education Resources 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: $165,477
- Program Service Revenue: $12,331,025
- Gross Receipts: $12,563,325
Assets and Liabilities:
- Total Assets: $138,049,827
- Total Liabilities: $160,302,452
- Net Assets: -$22,252,625
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$11,734,045
ANCILLARY REVENUE
Revenue
$596,980
Organization Details
Founding Year
2016
Phone
(225) 766-3977Main Address
5565 Bankers Avenue, Baton Rouge, LA, 70808
NTEE Category
Code: L20 - Housing
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