Provision Foundation INC EIN 62-1837284 Form 990 (PDF) Claim this org

Provision Foundation INC FY2020 filing

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Supports the National Christian Charitable Foundation's charitable purposes and goals. For fiscal year 2020 it reported $497K in revenue, $458K in expenses, and $6.1M in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Knoxville, TN
Website
www.provisionfoundation.org
Filings
6 on file (2020–2020)
Revenue
$497KFY2020
Expenses
$458K
Net assets
$6.1M
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  62-1837284 Unknown exempt organization Knoxville, TN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Supports the National Christian Charitable Foundation's charitable purposes and goals.
Leadership
Anne Swartz · President / Executive Director
Money in and out
$497K revenue, $458K expenses
Bottom line
+8% surplus margin
Reported financial activity · FY2020
Total revenue
$497K
Pt VIII · Ln 12
Total expenses
$458K
Pt IX · Ln 25
Net assets
$6.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $38K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Surplus margin
+8%
revenue over expenses, this year
Program spending
88%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$497K
FY2020
Expenses
$458K
FY2020
Total assets
$6.1M
FY2020
Total liabilities
$28K
FY2020
Total revenue
$497K
Pt VIII · Ln 12
Total expenses
$458K
Pt IX · Ln 25
Net assets
$6.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$6.1M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProvision Foundation INC
EINHdr · item D62-1837284
Principal addressHdr · item CKnoxville, TN
WebsiteHdr · item Jwww.provisionfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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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Mission & Programs · Part III

Where the work happens

1 program service account for $405K of program spending, described in the organization's 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

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Statement of Revenue

Part VIII
Contributions & grants100%$497K
Total revenueLn 12$497K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$405K
Management & general12%$54K
Total functional expensesLn 25$458K

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$6.1M
Total liabilitiesLn 26$28K
Total net assetsLn 32$6.1M
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.1M · Operating expenses/yr $458K
158.4 months
Where the money goes
Program services
Program services $405K · Total expenses $458K
88%
Management & General
Management & general $54K · Total expenses $458K
12%
Fundraising
Fundraising $0 · Total expenses $458K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $497K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $497K · Total revenue $497K
100%
Government reliance
Government grants — · Total revenue $497K
Earned-income share
Program service revenue $0 · Total revenue $497K
0%
Investment reliance
Investment income $-376 · Total revenue $497K
-0.08%
Program self-sufficiency
Program service revenue $0 · Total expenses $458K
0%
Growth & trend
Revenue growth (YoY)
This year $497K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $6.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $497K · Expenses $458K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $6.1M
Net-asset ratio
Net assets $6.1M · Total assets $6.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $97K · Other securities (Pt X, ln 12) $5.8M · Total assets (Pt X, ln 16) $6.1M
97%
People & payroll
Highest Reported Total Compensation
Individual Anne Swartz · Reported title President / Executive Director · Highest reported compensation $0 · Total expenses $458K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $117K · Total expenses $458K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Investment management fee ratio 0.02%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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
Restoration HouseFY2020$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$8K revenue · ⤓ 990 PDF
FY2024$25K revenue · ⤓ 990 PDF
FY2023$257K revenue · ⤓ 990 PDF
FY2022$326K revenue · ⤓ 990 PDF
FY2021$421K revenue · ⤓ 990 PDF
FY2020$497K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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