The Provisum Group FY2021 filing

Reynoldsburg, OHUnknown exempt organization EIN 46-3643940Revenue $907K in FY2021

On file with the IRStheprovisumgroup.com7600 Slate Ridge Blvd · Reynoldsburg, OH

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Provide Accounting, IT and Marketing Services for non-profit and Church clients in order to streamline their organizational resources. This enables them to efficiently propogate the Gospel.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $182K a year · 22% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$907K
+29% vs prior year
Spent
$907K
To programs
93%
Net assets
$104K
By yearFY2020–FY2022
Revenue
$907K
FY2021▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$703K
FY2021$907K
FY2022$880K
Expenses
$907K
FY2021▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$642K
FY2021$907K
FY2022$1.5M
Net assets
$104K
FY2021▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$103K
FY2021$104K
FY2022−$500K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $844K Management & general 7% · $62K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See The Provisum Group executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers accounting, IT, and marketing help to churches and nonprofits to boost their efficiency.

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Provided by the organization

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1 program · $844K · in their own filed words · FY2021
01

Provide Accounting, IT and Marketing Services for non-profit and Church clients in order to streamline their organiztional resources. This enables them to efficiently propogate the Gospel.

$844Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$907K
Ln 12
Fees for servicesLn 2g$907K
Other incomeLn 4–11$49
Money outPt IX
$907K
Ln 25
Programscol B$844K
Managementcol C$62K
Owns and owesPt X
$104K
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$173K
LiabilitiesLn 26$69K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$907K
Other incomeLn 4–11$49
Total revenueLn 12$907K
Assets in detailPt X, end of year
CashLn 1$64K
Cash and savings togetherLn 1–2$64K
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$3K
Total assetsLn 16$173K
LiabilitiesLn 26$69K
Net assetsLn 32$104K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$74K$64K
Land, buildings, equipmentLn 10c$19K$15K
Total assetsLn 16$158K$173K
LiabilitiesLn 26$55K$69K
Net assetsLn 32$103K$104K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$122K$110K$12K$0
Management feesLn 11a$252K$252K$0$0
Legal feesLn 11b$700$0$700$0
Accounting feesLn 11c$396K$385K$11K$0
Advertising and promotionLn 12$16K$15K$799$0
Office expensesLn 13$19K$13K$6K$0
Information technologyLn 14$23K$14K$9K$0
OccupancyLn 16$50K$46K$4K$0
TravelLn 17$2K$2K$0$0
Depreciation, depletion and amortizationLn 22$11K$0$11K$0
InsuranceLn 23$6K$3K$3K$0
Other expenses (24a–d)Ln 24$10K$5K$5K$0
Total functional expensesLn 25$907K$844K$62K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $880K$1.5M−$608K−$500K 990 PDF
FY2021 Viewing $907K$907K$944$104K 990 PDF
FY2020 $703K$642K$61K$103K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $907,489 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $702,653$907,440
I-10 Investment income$0
I-11 Other revenuePrior year $220$49
I-12 Total revenuePrior year $702,873$907,489
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $109,750$122,100
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $532,129$784,445
I-18 Total expensesPrior year $641,879$906,545
I-19 Revenue less expensesPrior year $60,994$944
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $907,489 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$907,440
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49 · Unrelated business $0 · Excluded from tax $0$49
VIII-12 Total revenueRelated to mission $907,489 · Unrelated business $0 · Excluded from tax $0$907,489
Part IX · Statement of functional expenses $906,545 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $109,890 · Management $12,210 · Fundraising $0$122,100
IX-11a Management feesPrograms $251,586 · Management $0 · Fundraising $0$251,586
IX-11b Legal feesPrograms $0 · Management $700 · Fundraising $0$700
IX-11c Accounting feesPrograms $385,086 · Management $10,880 · Fundraising $0$395,966
IX-12 Advertising and promotionPrograms $15,176 · Management $799 · Fundraising $0$15,975
IX-13 Office expensesPrograms $12,946 · Management $5,577 · Fundraising $0$18,523
IX-14 Information technologyPrograms $13,934 · Management $9,290 · Fundraising $0$23,224
IX-16 OccupancyPrograms $46,181 · Management $3,731 · Fundraising $0$49,912
IX-17 TravelPrograms $1,785 · Management $0 · Fundraising $0$1,785
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $10,820 · Fundraising $0$10,820
IX-23 InsurancePrograms $2,901 · Management $2,901 · Fundraising $0$5,802
IX-24 Other expenses (24a–d)Programs $4,795 · Management $5,357 · Fundraising $0$10,152
IX-25 Total functional expensesPrograms $844,280 · Management $62,265 · Fundraising $0$906,545
Part X · Balance sheet $172,952 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $74,192$63,921
X-4 Accounts receivableStart of year $57,321$87,677
X-9 Prepaid expenses and deferred chargesStart of year $3,822$3,195
X-10c Land, buildings and equipment, netStart of year $19,464$15,159
X-15 Other assetsStart of year $3,000$3,000
X-16 Total assetsStart of year $157,799$172,952
X-17 Accounts payable and accrued expensesStart of year $21,278$33,368
X-25 Other liabilitiesStart of year $33,916$36,038
X-26 Total liabilitiesStart of year $55,194$69,406
X-27 Net assets without donor restrictionsStart of year $102,605$103,546
X-32 Total net assets or fund balancesStart of year $102,605$103,546
X-33 Total liabilities and net assetsStart of year $157,799$172,952
Part XI · Reconciliation of net assets $103,546 net assets at year end
XI-1 Total revenue$907,489
XI-2 Total expenses$906,545
XI-3 Revenue less expenses$944
XI-4 Net assets at start of year$102,605
XI-10 Net assets at end of year$103,546

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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