Provision Foundation INC FY2020 filing

Knoxville, TNUnknown exempt organization EIN 62-1837284Revenue $497K in FY2020

On file with the IRSprovisionfoundation.org2095 Lakeside Centre Way 101 · Knoxville, TN

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Provision Foundation exists to benefit,perform the functions of and carry out the purposes of the National Christian Charitable Foundation, Inc. (NCF) in accordance with the purposes, goals and objectives of NCF.

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $31K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Plus $5.9M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$497K
Spent
$458K
To programs
88%
Net assets
$6.1M
By yearFY2020–FY2025
Revenue
$497K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$497K
FY2021$421K
FY2022$326K
FY2023$257K
FY2024$25K
FY2025$8K
Expenses
$458K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$458K
FY2021$422K
FY2022$301K
FY2023$431K
FY2024Not on file
FY2025$53K
Net assets
$6.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$194K
FY2022$207K
FY2023$38K
FY2024$45K
FY2025Not on file

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $405K Management & general 12% · $54K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President / Executive Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Provision Foundation INC 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

Supports the National Christian Charitable Foundation's charitable purposes and goals.

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Provided by the organization

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1 program · $405K · in their own filed words · FY2020
01

The Ministry provided leadership and grants that enabled individual minstries, movements and the Church to creatively serve and develop others to seek their God-given Christian potential. This is done in accordance with the purposes and under the guidance of the National Christian Foundation.

$405Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$13K
Grants paid · 15 grants · $429K · 2020–2023
Core LeadershipTN · FY2023$44,293
Strategic Cities FoundationTN · FY2023$10,000
PliesCA · FY2023$10,000
Strategic Cities FoundationTN · FY2022$28,986
Rephidim INCTN · FY2021$46,687
Second Mile HaitiAZ · FY2021$16,210
PliesFY2021$10,000
Childrens Nutrition ProgramFY2021$8,000
Rephidim INCTN · FY2020$134,137
Pacific Link International Educational ServiceFY2020$10,000
National Christian FoundationFY2020$10,000
Individual RecipientFY2020$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$497K
Ln 12
Gifts and grantsLn 1h$497K
Investment incomeLn 3−$376
Money outPt IX
$458K
Ln 25
Programscol B$405K
Managementcol C$54K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$125K
Total assetsLn 16$6.1M
LiabilitiesLn 26$28K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$497K
Investment incomeLn 3−$376
Total revenueLn 12$497K
Assets in detailPt X, end of year
CashLn 1$125K
Cash and savings togetherLn 1–2$125K
InvestmentsLn 11–13$5.9M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$6.1M
LiabilitiesLn 26$28K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$192K$125K
InvestmentsLn 11–13$8.6M$5.9M
Land, buildings, equipmentLn 10c$4K$3K
Total assetsLn 16$8.8M$6.1M
LiabilitiesLn 26$120K$28K
Net assetsLn 32$8.7M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$164K$164K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$95K$95K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$72K$72K
Legal feesLn 11b$0
Accounting feesLn 11c$10K$10K$509
Lobbying feesLn 11d$0
Investment management feesLn 11f$985$985
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$679$646$33
Information technologyLn 14$5K$4K$234
RoyaltiesLn 15$0
OccupancyLn 16$112K$106K$6K
TravelLn 17$58$55$3
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$955$907$48
InsuranceLn 23$844$802$42
Other expenses (24a–d)Ln 24−$24K$974−$25K
All other expensesLn 24e$0
Total functional expensesLn 25$458K$405K$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8K$53K−$45K 990 PDF
FY2024 $25K$45K 990 PDF
FY2023 $257K$431K−$174K$38K 990 PDF
FY2022 $326K$301K$25K$207K 990 PDF
FY2021 $421K$422K−$1K$194K 990 PDF
FY2020 Viewing $497K$458K$38K$6.1M 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 FY2020 990 (6 parts)
Part I · Summary $496,774 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $741,210$497,150
I-9 Program service revenue$0
I-10 Investment incomePrior year $18,512−$376
I-11 Other revenue$0
I-12 Total revenuePrior year $759,722$496,774
I-13 Grants and similar amounts paidPrior year $456,571$164,137
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $114,468$116,551
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $193,838$177,767
I-18 Total expensesPrior year $764,877$458,455
I-19 Revenue less expensesPrior year −$5,155$38,319
Part VI · Governance 4 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
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 $496,774 across 4 lines filed
VIII-1f All other contributions, gifts and grants$497,150
VIII-1h Total contributions, gifts and grants$497,150
VIII-3 Investment incomeRelated to mission −$376−$376
VIII-12 Total revenueRelated to mission −$376$496,774
Part IX · Statement of functional expenses $458,455 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $164,137$164,137
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $95,415$95,415
IX-8 Pension plan contributionsPrograms $6,554$6,554
IX-9 Other employee benefitsPrograms $7,546$7,546
IX-10 Payroll taxesPrograms $7,036$7,036
IX-11a Management feesManagement $71,585$71,585
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $9,676 · Management $509$10,185
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $985$985
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $646 · Management $33$679
IX-14 Information technologyPrograms $4,449 · Management $234$4,683
IX-15 Royalties$0
IX-16 OccupancyPrograms $106,304 · Management $5,595$111,899
IX-17 TravelPrograms $55 · Management $3$58
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $907 · Management $48$955
IX-23 InsurancePrograms $802 · Management $42$844
IX-24 Other expenses (24a–d)Programs $974 · Management −$25,080−$24,106
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $404,501 · Management $53,954 · Fundraising $0$458,455
Part X · Balance sheet $6,081,100 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $191,515$124,680
X-4 Accounts receivableStart of year $11,253$24,592
X-10c Land, buildings and equipment, netStart of year $4,296$3,341
X-11 Publicly traded securitiesStart of year $273,623$97,487
X-12 Other securitiesStart of year $8,330,000$5,831,000
X-16 Total assetsStart of year $8,810,687$6,081,100
X-17 Accounts payable and accrued expensesStart of year $36,681$27,564
X-26 Total liabilitiesStart of year $120,334$27,564
X-27 Net assets without donor restrictionsStart of year $8,355,493$5,843,347
X-28 Net assets with donor restrictionsStart of year $334,860$210,189
X-32 Total net assets or fund balancesStart of year $8,690,353$6,053,536
X-33 Total liabilities and net assetsStart of year $8,810,687$6,081,100
Part XI · Reconciliation of net assets $6,053,536 net assets at year end
XI-1 Total revenue$496,774
XI-2 Total expenses$458,455
XI-3 Revenue less expenses$38,319
XI-4 Net assets at start of year$8,690,353
XI-5 Net unrealized gains (losses) on investments−$2,675,136
XI-10 Net assets at end of year$6,053,536

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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