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Provident Resources Group Inc

Provident Group

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

EIN: 582492101 ✦ Baton rouge, LA ✦ Designated as a 501(c)(3)

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

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.

Here 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

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):

    Christopher Hicks (President) [Trustee/Director]
  • Compensation: $934,379
  • Related: $0
  • Other: $38,107

    • Steve Hicks (Chairman & Chief Executive Officer) [Trustee/Director]
  • Compensation: $946,021
  • Related: $0
  • Other: $25,847

    • Donovan O Hicks (Chief Legal Officer)
  • Compensation: $713,316
  • Related: $0
  • Other: $37,766

    • Marla P Scannicchio (Chief Financial Officer)
  • Compensation: $451,706
  • Related: $0
  • Other: $46,758

    • David Grand Jr (Chief Operating Officer)
  • Compensation: $399,079
  • Related: $0
  • Other: $33,589

    • Pamela Forestier (Chief Accounting Officer)
  • Compensation: $359,995
  • Related: $0
  • Other: $14,200

    • Phuong Nguyen (Controller)
  • Compensation: $191,287
  • Related: $0
  • Other: $18,175

    • Jamey Corkern (Avp Administration)
  • Compensation: $174,004
  • Related: $0
  • Other: $35,156

    • Cindy Joubert (Assistant Controller)
  • Compensation: $107,009
  • Related: $0
  • Other: $25,828

    • Rheba W Robertson (Assistant Secretary)
  • Compensation: $54,254
  • Related: $0
  • Other: $0

    • Nancy H Henze (Director)
  • Compensation: $24,000
  • Related: $0
  • Other: $0

    • Thomas E Greene Iii (Director)
  • Compensation: $24,000
  • Related: $0
  • Other: $0

    • Walter Bumphus Ph D (Director)
  • Compensation: $24,000
  • Related: $0
  • Other: $0

    • Joseph Torrence (Director (Through 9/30/22))
  • Compensation: $18,000
  • Related: $0
  • Other: $0

    • Thomas Harrow (Director (Through 6/1/22))
  • Compensation: $10,000
  • Related: $0
  • Other: $0

    • Thomas H Green Iii (Board Member (Beginning 10/1/22)) [Trustee/Director]
  • Compensation: $6,000
  • Related: $0
  • Other: $0


  • Official website here: www.provident.org

    Where can I find the form 990 for Provident Resources Group Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Provident Resources Group Inc's impact is significant and far-reaching. The organization provides for the needs of the elderly, promotes healthy communities, serves the poor and distressed, promotes education, and lessens the burden of government. Through its Education Resources Division, Provident Resources Group advances education by developing, constructing, operating, financing, and managing various types of facilities, including student housing, health and wellness facilities, and academic and administrative spaces for colleges and universities nationwide. As of December 31, 2022, the organization owned and operated residential facilities providing over 17,469 beds of safe, convenient, and affordable student housing for students, faculty, and staff. In essence, Provident Resources Group Inc positively impacts the lives of many individuals by supporting education, wellness, and community development.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Main Address

    5565 Bankers Avenue, Baton Rouge, LA, 70808

    NTEE Category

    Code: P20 - Human services

    If you are a representative of Provident Resources Group Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.