Nonprofit · EIN 58-2492101
PROVIDENT RESOURCES GROUP INC
Also known as PROVIDENT GROUP
Tax-exempt · BATON ROUGE, LA 70808
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $356,142,236 | $399,269,115 | -$43,126,879 | $4,079,893,848 | $4,561,544,749 | -$481,650,901 |
| December 31, 2023 | 990 | $321,606,429 | $354,511,969 | -$32,905,540 | $2,982,926,984 | $3,421,663,951 | -$438,736,967 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $23,225,688
- Program service revenue
- $263,976,127
- Investment income
- $10,078,539
- Tax-exempt bond proceeds
- $10,078,539
- Other revenue
- $58,861,882
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,685,840
- Other salaries and wages
- $35,770,920
- Salaries, compensation and benefits (total)
- $48,211,675
- Professional fundraising fees
- $0
- Legal fees
- $1,563,458
- Accounting fees
- $1,280,266
- Occupancy
- $51,977,953
- Travel
- $590,095
- Depreciation
- $62,967,736
- Program services (functional)
- $389,511,940
- Management and general (functional)
- $9,757,175
Balance sheet and other
- Total assets, start of year
- $2,982,926,984
- Total assets, end of year
- $4,079,893,848
- Total liabilities, end of year
- $4,561,544,749
- Net assets, end of year
- -$481,650,901
- Land, buildings and equipment
- $2,092,111,397
- Net assets without donor restrictions
- -$481,650,901
- Gross unrelated business income
- $164,908
- Gross receipts
- $356,142,236
- Employees
- 132
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE HICKS | CHAIRMAN AND CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 34 | $1,082,919 | $28,552 |
| CHRISTOPHER HICKS | PRESIDENT Trustee or director, Officer | 35 | $859,241 | $50,541 |
| DONOVAN O HICKS | CHIEF LEGAL OFFICER Officer | 34 | $604,426 | $40,258 |
| MARLA P SCANNICCHIO | CHIEF FINANCIAL OFFICER Officer | 38 | $551,611 | $51,552 |
| DAVID GRAND JR | CHIEF OPERATING OFFICER Officer | 40 | $492,707 | $39,004 |
| PAMELA FORESTIER | CHIEF ACCOUNTING OFFICER Officer | 40 | $444,821 | $33,439 |
| Todd Holder | Senior VP Business Development Highest-paid employee | 40 | $347,731 | $11,387 |
| JAIMEE BOYD | GENERAL COUNSEL Highest-paid employee | 40 | $275,842 | $39,914 |
| Phuong Nguyen | CONTROLLER Highest-paid employee | 40 | $242,280 | $22,221 |
| JAMEY CORKERN | AVP ADMINISTRATION Officer | 40 | $212,962 | $43,649 |
| Alan Addison | ACCOUNTING MANAGER Highest-paid employee | 40 | $124,644 | $18,857 |
| Genevieve Warren | Accounting Manager Highest-paid employee | 40 | $114,571 | $16,871 |
| RHEBA W ROBERTSON | ASSISTANT SECRETARY Officer | 23 | $57,158 | $0 |
| NANCY H HENZE | DIRECTOR Trustee or director | 1 | $24,000 | $0 |
| THOMAS E GREENE III | DIRECTOR Trustee or director | 1 | $24,000 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS H GREEN III | DIRECTOR Trustee or director | 1 | $24,000 |
| WALTER BUMPHUS PH D | DIRECTOR Trustee or director | 1 | $24,000 |
| Samantha Costanzo | DIRECTOR (BEG 10/01/2024) Trustee or director | 1 | $6,000 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE HICKS | CHAIRMAN AND CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 34 | $3,471,707 | $27,395 |
| CHRISTOPHER HICKS | PRESIDENT Trustee or director, Officer | 35 | $794,040 | $46,385 |
| DONOVAN O HICKS | CHIEF LEGAL OFFICER Officer | 34 | $604,250 | $37,860 |
| MARLA P SCANNICCHIO | CHIEF FINANCIAL OFFICER Officer | 38 | $502,147 | $49,123 |
| DAVID GRAND JR | CHIEF OPERATING OFFICER Officer | 40 | $464,590 | $36,249 |
| PAMELA FORESTIER | CHIEF ACCOUNTING OFFICER Officer | 40 | $407,137 | $15,200 |
| JAMEY CORKERN | AVP ADMINISTRATION Officer | 40 | $193,461 | $45,458 |
| PHUONG NGUYEN | CONTROLLER Highest-paid employee | 40 | $213,723 | $19,974 |
| ALAN ADDISON | ACCOUNTING MANAGER Highest-paid employee | 40 | $112,991 | $17,611 |
| JAIMEE BOYD | GENERAL COUNSEL Highest-paid employee | 40 | $110,187 | $7,808 |
| RHEBA W ROBERTSON | ASSISTANT SECRETARY Officer | 23 | $55,678 | $0 |
| NANCY H HENZE | DIRECTOR Trustee or director | 1 | $24,000 | $0 |
| THOMAS E GREENE III | DIRECTOR Trustee or director | 1 | $24,000 | $0 |
| THOMAS H GREEN III | DIRECTOR Trustee or director | 1 | $24,000 | $0 |
| WALTER BUMPHUS PH D | DIRECTOR Trustee or director | 1 | $24,000 | $0 |
Address and contacts
- Address (IRS master file)
- 5565 BANKERS AVE, BATON ROUGE, LA 70808-2608
- In care of
- % STEVE E HICKS CHAIRMAN
- Principal officer (990 for 2024)
- Steve Hicks, 5565 Bankers Avenue, Baton Rouge, LA 70808
- Signed the 990
- Steve Hicks, Chairman & CEO
- Phone
- (225) 766-3977
- Website
- www.provident.org
- Return prepared by
- CROWE LLP
Mission
The stated charitable purpose of the organization shall include, without limitation, a broad range of activities, programs, and services that: - provide for and serve the needs of the elderly, which may be accomplished by the development, construction, acquisition, ownership, (Continued in Schedule O)
Program accomplishments
- THE EDUCATION RESOURCES DIVISION PROMOTES AND ADVANCES EDUCATION THROUGH THE DEVELOPMENT, CONSTRUCTION, OPERATION, FINANCING AND MANAGEMENT OF FACILITIES OF VARIOUS TYPES, INCLUDING STUDENT HOUSING, HEALTH AND WELLNESS, AS WELL AS ACADEMIC AND ADMINISTRATIVE SPACE FOR THE BENEFIT OF COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY. THE ORGANIZATION OWNED AND OPERATED RESIDENTIAL FACILITIES PROVIDING MORE THAN 19,800 BEDS OF SAFE, convenient AND AFFORDABLE STUDENT HOUSING FOR STUDENTS, FACULTY AND STAFF OF THE INSTITUTIONS WE SERVE.Expenses $229,555,683 · revenue $204,598,070
- THE SENIOR LIVING RESOURCES DIVISION OFFERS ACTIVITIES, SERVICES AND PROGRAMS DESIGNED TO MEET THE SPECIAL NEEDS OF THE ELDERLY, INCLUDING HOUSING AND HEALTH CARE, WITHIN AN ENVIRONMENT THAT PROMOTES THE DIGNITY AND INDEPENDENCE OF THE RESIDENTS. OUR FACILITIES OFFER THE FINEST AMENITIES ALONG WITH WELLNESS PROGRAMMING, DAILY SOCIAL ACTIVITIES, 24/7 SUPPORT AND CARE, AND EDUCATIONAL OPPORTUNITIES TO ENSURE RESIDENTS ENJOY OPTIMAL QUALITY OF LIFE AND PEACE OF MIND.Expenses $93,085,958 · revenue $77,697,637
- The Government Resources Division pursues projects designed to lessen the burdens of government. We are committed to easing the financial and budgetary constraints of state and local governments through various means, including the development, financing, construction, management, and operation of public facilities, government buildings, and various systems of public infrastructure essential to delivering government services and supporting private sector economic activity.Expenses $66,870,299 · revenue $40,377,394
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2492101
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E91)
- Assets (IRS master file)
- $4,079,893,848
- Income (IRS master file)
- $356,142,236
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $356,142,236 | $399,269,115 | $4,079,893,848 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $321,606,429 | $354,511,969 | $2,982,926,984 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $333,234,265 | $337,542,850 | $2,617,109,061 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2492101).
Questions about PROVIDENT RESOURCES GROUP INC
- What is the EIN of PROVIDENT RESOURCES GROUP INC?
- The employer identification number (EIN) of PROVIDENT RESOURCES GROUP INC is 58-2492101.
- Is PROVIDENT RESOURCES GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to PROVIDENT RESOURCES GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROVIDENT RESOURCES GROUP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROVIDENT RESOURCES GROUP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROVIDENT RESOURCES GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROVIDENT RESOURCES GROUP INC?
- The 990 for the year ended December 31, 2024 names Steve Hicks.
- Who are the officers and directors of PROVIDENT RESOURCES GROUP INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $1,082,919 (STEVE HICKS, CHAIRMAN AND CHIEF EXECUTIVE OFFICER).
- How much revenue does PROVIDENT RESOURCES GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $356,142,236, expenses of $399,269,115 and total assets of $4,079,893,848 at year end.
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