Provident Resources Group

Also known as Provident Group

Baton Rouge, LA · EIN 58-2492101 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Provident Resources Group reported $356.1 million in revenue and $399.3 million in expenses for calendar year 2024. Of every $100 it spent, $97.56 went to program services, $2.44 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 74.1% of the total. The highest compensation it reported for one person was $1,111,471 (CHAIRMAN AND CHIEF EXECUTIVE OFFICER). 15 people received more than $100,000 in reportable compensation. Revenue rose 82% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $399M

Program services$97.56 $390M
Management & general$2.44 $9.8M
Fundraising$0.00 $0

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $356M

Contributions & grants (non-government)$6.52 $23M
Program service revenue$74.12 $264M
Investment income$2.83 $10M
Other revenue$16.53 $59M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	97.6%	85.6%
Management & general Part IX 25(C) ÷ 25(A)	2.4%	13.7%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.0%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.00
Contributions & grants share of revenue Part VIII 1h ÷ 12	6.5%	1.3%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.1%
Program service revenue share Part VIII 2g ÷ 12	74.1%	93.7%
Highest reported compensation Part VII-A, columns D–F	$1,111,471	$975,831
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.28%	1.34%
People paid over $100,000 Part VII, line 2	15	27
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	-14.5	6.6
Independent voting board members Part VI 1a–1b	5 of 7	88.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$230M expenses · 58.9% of program spending · revenue $205M

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

$93M expenses · 23.9% of program spending · revenue $78M

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

$67M expenses · 17.2% of program spending · revenue $40M

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

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
CHAIRMAN AND CHIEF EXECUTIVE OFFICER Director/trustee, officer, 34.0 hrs/week	$1,082,919	$0	$28,552	$1,111,471
PRESIDENT Director/trustee, officer, 35.0 hrs/week	$859,241	$0	$50,541	$909,782
CHIEF LEGAL OFFICER Officer, 34.0 hrs/week	$604,426	$0	$40,258	$644,684
CHIEF FINANCIAL OFFICER Officer, 38.0 hrs/week	$551,611	$0	$51,552	$603,163
CHIEF OPERATING OFFICER Officer, 40.0 hrs/week	$492,707	$0	$39,004	$531,711
CHIEF ACCOUNTING OFFICER Officer, 40.0 hrs/week	$444,821	$0	$33,439	$478,260
Senior VP Business Development Highest compensated employee, 40.0 hrs/week	$347,731	$0	$11,387	$359,118
GENERAL COUNSEL Highest compensated employee, 40.0 hrs/week	$275,842	$0	$39,914	$315,756

15 people received more than $100,000 in reportable compensation from Provident Resources Group (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.7M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$356M	$399M	97.6%	−$482M	$1,111,471
2023 ⓘ	$322M	$355M	96.2%	−$439M	$3,499,102
2022 ⓘ	$333M	$338M	96.5%	−$406M	$972,486
2021 ⓘ	$208M	$294M	97.4%	−$414M	$928,998
2020 ⓘ	$187M	$262M	96.1%	−$334M	$584,719
2019 ⓘ	$196M	$247M	96.4%	−$252M	$567,743

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b7 · 5 independent
Audited financial statements Part XII 2bNo
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2Yes
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5132

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only

ABM Industry Groups LLC Building Maintenance/Facility Services	$1,770,728
AHVTX II LLC Management Company	$1,228,540
Corvias Management LLC Management Company	$1,059,342
Cardinal Group Management & Advisory LLC Management Company	$1,044,264
Capstone on Campus Management LLC Management Company	$978,704

Individuals listed as contractors are left out. 53 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Provident Resources Group's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Provident Resources Group, you can publish a response that is linked from this page.

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Similar-sized charities in this cause

Penn State Health Holy Spirit Medical Center
Hershey, PA · revenue $356M · programs 73.1% · FY2025
Lakeland Regional Health Systems
Lakeland, FL · revenue $356M · programs 88.1% · FY2025
Gettysburg Hospital
York, PA · revenue $355M · programs 64.3% · FY2025
Piedmont Healthcare
Atlanta, GA · revenue $357M · programs 86.7% · FY2025
Hoag Clinic
Newport Beach, CA · revenue $355M · programs 93.6% · 2024

All health care charities · Largest charities in Louisiana

Questions people ask

How much of Provident Resources Group's spending goes to programs?

In calendar year 2024, Provident Resources Group reported that 97.6% of its $399.3 million in expenses went to program services, 2.4% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Provident Resources Group pay its top executive?

The largest total compensation Provident Resources Group reported for one person in calendar year 2024 was $1,111,471, for the role of CHAIRMAN AND CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Provident Resources Group get its money?

Of $356.1 million in revenue in calendar year 2024, 6.5% came from contributions and grants and 74.1% from program service revenue (Form 990, Part VIII).

Is Provident Resources Group a registered charity?

The IRS lists EIN 58-2492101 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202543219349314549 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202540349349301664 · read the filing
2022: Form 990 for calendar year 2022, object 202333199349319438 · read the filing
2021: Form 990 for calendar year 2021, object 202203199349321675 · read the filing
2020: Form 990 for calendar year 2020, object 202123489349301092 · read the filing
2019: Form 990 for calendar year 2019, object 202023189349309407 · read the filing

All filings for EIN 58-2492101: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.