2025-11-05T11:41:10-06:00 2024-12-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2024-01-01 135585375 THE PROVIDENT LOAN SOCIETY OF NEW YORK PROV 2126850380 346 PARK AVENUE SOUTH 2ND FL NEW YORK NY 100101708 KEVIN KING CHIEF FINANCIAL OFFICER 2126850380 2025-11-04 1 0 LYNNE JOHNSON P00757336 6179129000 2025-10-31 2024 2025-03-06 01:10:19Z JOHN T HIGNEY 346 PARK AVENUE SOUTH 2ND FL NEW YORK NY 100101708 5100640 0 X WWW.PROVIDENTLOAN.COM X 1894 NY TO AID PERSONS IN NEED OF PECUNIARY ASSISTANCE. 9 9 34 9 0 0 0 0 2823512 3422546 276 134 1554644 1665223 4378432 5087903 0 0 0 0 2972023 2949875 0 0 0 1672314 2007194 4644337 4957069 -265905 130834 15628690 15999689 2323875 2580873 13304815 13418816 THE MISSION OF THE SOCIETY IS TO AID PERSONS IN NEED OF PECUNIARY ASSISTANCE BY LOANS OF MONEY AT INTEREST UPON PLEDGE OF PERSONAL PROPERTY. 0 0 3220482 3422546 THE SOLE PROGRAM SERVICE ACTIVITY OF THE SOCIETY IS TO AID PERSONS IN NEED OF PECUNIARY ASSISTANCE BY LOANS OF MONEY AT INTEREST UPON THE PLEDGE OF PERSONAL PROPERTY. APPROXIMATE NUMBER OF LOANS MADE DURING 2024 WAS 17,915. 3220482 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 34 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X KEVIN KING 2126850380 346 PARK AVENUE SOUTH 2ND FL NEW YORK NY 100101708 X AUSTIN V SHAPARD TRUSTEE 0.30 X 0 0 0 EDWARD D PARDOE III TRUSTEE 0.30 X 0 0 0 MARK RAMBLER TRUSTEE 0.30 X 0 0 0 MERLINA MANOCARAN TRUSTEE 0.30 X 0 0 0 RADFORD W KLOTZ TRUSTEE 0.30 X 0 0 0 REBECCA LINDSEY TRUSTEE 0.30 X 0 0 0 SCOTT TUCKER TRUSTEE 0.30 X 0 0 0 AMES BROWN TRUSTEE 0.30 X 0 0 0 RICHARD A DRUCKER CHAIRMAN 0.30 X X 0 0 0 JOHN T HIGNEY PRESIDENT & CEO 40.00 X 224533 0 53227 KEVIN KING CFO/TREASURER 40.00 X 125067 0 27558 ANTHONY LORE SECRETARY 40.00 X 130593 0 30301 RENAN SUCENA ASSISTANT VP (AS OF 04/24) 40.00 X 82658 0 19231 THEODORE C FISHER ASSISTANT VP (THRU 03/24) 40.00 X 33789 0 0 MARCOS A RAMOS AUCTION SALE DIRECTOR 40.00 X 117699 0 34896 714339 0 165213 4 0 1 0 WELLSPRING CONSULTING 198 AMITY ROAD 2ND FLOOR WOODBRIDGE CT 06525 CONSULTING SERVICES 106210 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 AUDITING AND TAX SERVICE 106099 2 INTEREST EARNED ON LOANS 522299 2932750 2932750 STORAGE FEE INCOME 522299 364078 364078 TICKET FEE INCOME 522299 125718 125718 3422546 134 134 1677960 12737 1665223 1665223 1665223 5087903 3422546 0 1665357 879552 703642 175910 1479294 995623 483671 190920 8988 181932 198019 156342 41677 202090 142829 59261 106210 106210 80279 80279 111464 111464 184806 184806 155001 120327 34674 88177 58076 30101 506207 439632 66575 13066 4070 8996 2969 2969 97738 31146 66592 271093 179462 91631 PAYROLL SERVICE FEES 88235 53288 34947 REPAIRS AND MAINTENANCE 81292 39875 41417 ACTUARIAL EXPENSE 67452 67452 SECURITY 59183 47146 12037 94022 55230 38792 4957069 3220482 1736587 0 546879 499860 1523046 431260 9672522 11102831 260319 209532 3437212 2502435 957160 934777 2668764 2821429 15628690 15999689 115382 165374 2208493 2415499 2323875 2580873 X 13304815 13418816 13304815 13418816 15628690 15999689 X 130834 -16833 X 0 1 X 1 0 377975 377975 2013469 1563330 450139 152170 152170 0 862098 755435 106663 31500 31500 0 934777 SECURITY DEPOSITS 188884 OTHER ASSETS 28824 LEASE ASSETS 207278 ASSETS FOR PENSION BENEFITS 1094670 ACCRUED INTEREST ON LOANS 864386 AUCTION SALES RECEIVABLE 97436 RENT RECEIVABLE 189059 STORAGE FEES RECEIVABLE 117971 TICKET FEES RECEIVABLE 32921 2821429 EXCESS OF PROCEEDS FROM AUCTION SALES OVER LOANS 459093 POST-RETIREMENT WELFARE BENEFITS 1049040 ACCRUED PENSION BENEFIT OBLIGATION 204390 LEASE LIABILITIES 214092 SECURITY DEPOSITS 188884 LINE OF CREDIT 300000 2415499 X 5083807 -16833 -16833 5100640 -12737 -12737 5087903 4969806 0 4969806 -12737 -12737 4957069 PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES. THE SOCIETY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. MANAGEMENT EVALUATED THE SOCIETY'S TAX POSITIONS AND CONCLUDED THAT THE SOCIETY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE SOCIETY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2021, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION AND OTHER POST-RETIREMENT RELATED CHARGES -16,833. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -12,737. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -12,737. X 0 0 0 0 0 0 0 0 0 JOHN T HIGNEY PRESIDENT & CEO 224533 0 0 0 0 0 33681 0 19546 0 277760 0 0 0 ANTHONY LORE SECRETARY 130593 0 0 0 0 0 13060 0 17241 0 160894 0 0 0 KEVIN KING CFO/TREASURER 125067 0 0 0 0 0 9381 0 18177 0 152625 0 0 0 MARCOS A RAMOS AUCTION SALE DIRECTOR 117699 0 0 0 0 0 17655 0 17241 0 152595 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND PRESIDENT/CEO REVIEW THE FORM 990. THE SOCIETY'S FORM 990 IS REVIEWED WITH THE AUDIT COMMITTEE AND IS THEN DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY'S OFFICERS AND TRUSTEES SIGN ANNUAL CONFLICT OF INTEREST STATEMENTS, DISCLOSING ALL RELATIONSHIPS BETWEEN THEM AND THE BUSINESS ORGANIZATIONS CONDUCTING BUSINESS WITH THE SOCIETY. THESE STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE, WHO WILL ATTEMPT TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT(S) AND, IN THE ABSENCE OF RESOLUTION, WILL REFER THE MATTER TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES SETS THE COMPENSATION AMOUNTS FOR THE SOCIETY'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE PRESIDENT/CEO, AT ITS ANNUAL NOVEMBER MEETING. THE BOARD RECEIVES, FROM THE PRESIDENT/CEO, A LISTING OF ACTIVE OFFICERS' SALARIES FOR THE PRIOR TWO YEARS, THE LAST INCREASES GRANTED, AND PROPOSED INCREASES WHICH, SUBJECT TO APPROVAL, WOULD BE USED FOR THE COMING BUDGETARY YEAR. THE MEASURES USED IN EVALUATING THE SALARIES OF THE PRESIDENT/CEO, OTHER OFFICERS, AND KEY EMPLOYEES ARE: THE FINANCIAL CONDITION OF THE SOCIETY, EVALUATIONS BY SUPERVISORS, LENGTH OF SERVICE, AND COMPARATIVE COMPENSATION INFORMATION OF OTHER NOT-FOR-PROFIT ORGANIZATIONS, DERIVED PERIODICALLY FROM INDEPENDENT SOURCES. THE COMPENSATION DELIBERATION AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE SOCIETY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE CANDID FKA GUIDESTAR. FORM 990, PART VII: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F, AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 9: CHANGE IN PENSION AND OTHER POST-RETIREMENT RELATED CHARGES -16,833.