Proverbs and Provisions INC FY2022 filing

Wytheville, VAUnknown exempt organization EIN 88-3313964Revenue $63K in FY2022

On file with the IRS305 N 4th Street · Wytheville, VA

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Charitable distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code.

37¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
448 mo
of spending, in cash
Looks good: 448.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63K
Spent
$949
To programs
37%
Net assets
$62K
By yearFY2022–FY2023
Revenue
$63K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$63K
FY2023$0
Expenses
$949
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$949
FY2023$62K
Net assets
$62K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$62K
FY2023$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $349 Management & general 63% · $600

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Proverbs and Provisions 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 15aNo

Programs and updates

Provides charitable aid to qualifying tax-exempt organizations.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

The organization received donations that enable the organization to donate fund to other 501c3 organizations in the community. These donations to other 501c3 organizations takes place in january and february 2023.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $35K · 2023–2023
Hope INCVA · FY2023$11,809
Restoration Church of WythevilleFY2023$11,809

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$63K
Ln 12
Gifts and grantsLn 1h$63K
Money outPt IX
$949
Ln 25
Programscol B$349
Managementcol C$600
Owns and owesPt X
$62K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$62K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Total revenueLn 12$63K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Land, buildings, equipmentLn 10c$26K
Total assetsLn 16$62K
LiabilitiesLn 26$0
Net assetsLn 32$62K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$35K
Land, buildings, equipmentLn 10c$26K
Total assetsLn 16$0$62K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$62K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$349$349
Other fees for servicesLn 11g$600$600
Total functional expensesLn 25$949$349$600$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$62K−$62K$0 990 PDF
FY2022 Viewing $63K$949$62K$62K 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 FY2022 990 (6 parts)
Part I · Summary $62,541 revenue, 12 lines filed
I-8 Contributions and grants$62,541
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$62,541
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$949
I-18 Total expenses$949
I-19 Revenue less expenses$61,592
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $62,541 across 3 lines filed
VIII-1f All other contributions, gifts and grants$62,541
VIII-1h Total contributions, gifts and grants$62,541
VIII-12 Total revenue$62,541
Part IX · Statement of functional expenses $949 across 2 lines filed
IX-11c Accounting feesPrograms $349$349
IX-11g Other fees for servicesManagement $600$600
IX-25 Total functional expensesPrograms $349 · Management $600 · Fundraising $0$949
Part X · Balance sheet $61,592 assets, 7 lines filed
X-1 Cash, non-interest-bearing$35,428
X-10c Land, buildings and equipment, net$26,164
X-16 Total assetsStart of year $0$61,592
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$61,592
X-32 Total net assets or fund balancesStart of year $0$61,592
X-33 Total liabilities and net assetsStart of year $0$61,592
Part XI · Reconciliation of net assets $61,592 net assets at year end
XI-1 Total revenue$62,541
XI-2 Total expenses$949
XI-3 Revenue less expenses$61,592
XI-10 Net assets at end of year$61,592

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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