Provision Foundation Incorporated
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.
IRS Tax Year 2023
Period ending December 31, 2023
Total Revenue
$257K
Total Expenses
$431K
Net Assets
$38K
Employees
3
Grants Paid
$261K
Program Expense Ratio
93.5%
This nonprofit profile presents IRS Form 990 tax filing data for Provision Foundation Incorporated (EIN: 62-1837284), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, governance policies and audit information. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Provision Foundation Incorporated is a 501(c)(3) nonprofit headquartered in KNOXVILLE, TN, founded in 2000. It is classified under NTEE code T30 (Public Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2001. In its 2023 filing, the organization reported $257K in total revenue, a 21.1% decrease from the prior year, and $431K in total expenses. The organization employed 3 people. The organization runs 1 program, totaling $403K in program expenses. 6 of 6 recommended governance policies are in place.
Provision Foundation Incorporated is classified under NTEE code T30 (Public Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 17.
Programs(Tax Year 2023)
1 record
Provision Foundation Incorporated operates 1 program, with total program expenses of $403K. Provision Foundation Incorporated's largest program accounts for 100% of total program spending.
The Ministry provided leadership and grants that enabled individual ministries, 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.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, Provision Foundation Incorporated's revenue has declined from $760K to $257K, a 66.1% decrease. Program expenses represent 94% of total spending.
Revenue decreased 21.1% year-over-year, while expenses grew 43.1%. net assets fell to $38K, down 81.5% from the prior year.
Provision Foundation Incorporated derives 99% from contributions and grants, with 1% from investment income.
Revenue is heavily concentrated: 99% comes from contributions and grants, indicating limited diversification.
Provision Foundation Incorporated allocates 94% to programs, 6% to management and general.
Revenue declined by 21.1% and expenses grew by 43.1% year over year.
Provision Foundation Incorporated distributed $261K in grants to other organizations and individuals, representing 61% of total expenses.
Over 5 filings from 2019–2023, Provision Foundation Incorporated declined revenue from $760K to $257K (-66.1%) while maintaining a program expense ratio of 94%. During this period, the organization reduced from 4 to 3 employees.
Provision Foundation Incorporated holds $49K in total assets against $11K in liabilities (debt-to-asset ratio of 22%). The organization has 1.1 months of operating reserves. Cash and equivalents of $2K cover approximately 0.1 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $257K | $255K | $0 | $0 | $2K |
| 2022 | $326K | $325K | $0 | $0 | $604 |
| 2021 | $421K | $420K | $0 | $0 | $730 |
| 2020 | $497K | $497K | $0 | $0 | $-376 |
| 2019 | $760K | $741K | $0 | $0 | $19K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $431K | $403K | $28K | $0 | $261K |
| 2022 | $301K | $266K | $35K | $0 | $156K |
| 2021 | $422K | $381K | $41K | $0 | $103K |
| 2020 | $458K | $405K | $54K | $0 | $164K |
| 2019 | $765K | $671K | $94K | $0 | $457K |
Program Expense Ratio
93.5%
Admin Expense Ratio
6.4%
Fundraising Efficiency
—
Operating Reserve
1.1 mo
People & Compensation(Tax Year 2023)
5 records
Provision Foundation Incorporated reported compensation for 5 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| David Wills | Director | Director | 1.00 | $0 | $0 | $0 |
| Daryl Heald | Director | Director | 1.00 | $0 | $0 | $0 |
| Terry Douglass | Chairman | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Dana Ring | Secretary | Director | 1.00 | $0 | $0 | $0 |
| Anne Swartz | President | Officer | 10.00 | $0 | $0 | $0 |
Governance & Compliance(Tax Year 2023)
Provision Foundation Incorporated has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 4 members, 3 of whom are independent.
Provision Foundation Incorporated does not have audited financial statements.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2023)
2 records
Unknown person — Board Affiliate
Unknown person — Board Affiliate
Grants Awarded(Tax Year 2023)
4 records
Provision Foundation Incorporated awarded $135K across 4 grants to organizations. Top recipients include Schwab Charitable (Omaha, NE) — $71K for general support; Core Leadership (Powell, TN) — $44K for general support; PLIES (Wrightwood, CA) — $10K for general support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Schwab Charitable311640316 | Omaha, NE | $71K | General Support |
| Core Leadership933681762 | Powell, TN | $44K | General Support |
| PLIES383658127 | Wrightwood, CA | $10K | General Support |
| Strategic Cities Foundation461324928 | Knoxville, TN | $10K | General Support |
Filing History(Tax Years 2001–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $257K | $431K | $38K |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $326K | $301K | $207K |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $421K | $422K | $194K |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $497K | $458K | $6.1M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $760K | $765K | $8.7M |
| 2001–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Provision Foundation Incorporated do?
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.
How much revenue does Provision Foundation Incorporated have?
Provision Foundation Incorporated reported $257,247 in total revenue for tax year 2023, down 21.1% from the prior year.
Who is the highest-paid executive at Provision Foundation Incorporated?
David Wills, Director, received $0 in total compensation as of tax year 2023.
Is Provision Foundation Incorporated a 501(c)(3)?
Yes, Provision Foundation Incorporated is classified as a 501(c)(3) tax-exempt organization.
Where is Provision Foundation Incorporated located?
Provision Foundation Incorporated is headquartered in KNOXVILLE, TN 37922.
How many employees does Provision Foundation Incorporated have?
Provision Foundation Incorporated has 3 employees as of tax year 2023.
What type of nonprofit is Provision Foundation Incorporated?
Provision Foundation Incorporated is classified under NTEE code T30 (Public Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Provision Foundation Incorporated audited?
No, Provision Foundation Incorporated does not currently have audited financial statements.
Does Provision Foundation Incorporated give grants?
Yes, Provision Foundation Incorporated distributed $261,167 in grants to other organizations and individuals in tax year 2023. Top recipients include Schwab Charitable, Core Leadership, PLIES.
Data Source
Prepared by: Anne H Swartz
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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