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Nonprofiteer
← NEMA FOUNDATION INC

Form 990 for tax year 2024

Filed by NEMA FOUNDATION INC.

Totals

Total revenue
$30,496,474
Total expenses
$28,964,351
Contributions and grants received
$29,492,446
Grants paid
$28,626,178
Program service revenue
$0
Investment income
$1,004,028
Other revenue
$0
Total assets, end of year
$32,581,469
Total liabilities, end of year
$4,648
Net assets or fund balances, end of year
$32,576,821
Program services expenses (Part IX)
$28,897,504
Management and general expenses
$66,847
Fundraising expenses
$0
Program service expenses (Part III)
$28,897,504

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $29,492,446

  • 1g · Noncash contributions included above

    $4,759,007

  • 3 · Investment income

    total $996,456 · excluded $996,456

  • 7a · Gross sales of assets other than inventory

    securities $12,820,393

  • 7b · Less cost or other basis and sales expenses

    securities $12,812,821

  • 7c · Gain or loss

    securities $7,572

  • 7d · Net gain or loss

    total $7,572 · related or exempt $7,572

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,626,178 · program services $28,626,178

  • 5 · Compensation of officers, directors and key employees

    total $54,000 · program services $43,200 · management and general $10,800

  • 7 · Other salaries and wages

    total $118,404 · program services $94,723 · management and general $23,681

  • 8 · Pension plan contributions

    total $3,985 · program services $3,985

  • 11c · Fees: accounting

    total $37,751 · program services $30,201 · management and general $7,550

  • 11f · Fees: investment management

    total $54,356 · program services $43,485 · management and general $10,871

  • 13 · Office expenses

    total $14,366 · program services $11,493 · management and general $2,873

  • 16 · Occupancy

    total $16,500 · program services $13,200 · management and general $3,300

  • 17 · Travel

    total $476 · program services $381 · management and general $95

  • 20 · Interest

    total $12 · management and general $12

  • 23 · Insurance

    total $5,438 · program services $4,350 · management and general $1,088

  • 24a · Other expenses: CREDIT CARD FEES

    total $21,560 · program services $17,248 · management and general $4,312

  • 24b · Other expenses: BANK CHARGES

    total $11,325 · program services $9,060 · management and general $2,265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,578,746 · end of year $1,678,483

  • 2 · Savings and temporary cash investments

    beginning of year $2,502,662 · end of year $9,672,336

  • 7 · Other notes and loans receivable

    beginning of year $142,744 · end of year $131,024

  • 11 · Investments: publicly traded securities

    beginning of year $21,501,305 · end of year $17,434,626

  • 12 · Investments: other securities

    beginning of year $3,665,000 · end of year $3,665,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,999 · end of year $4,648

  • 27 · Net assets without donor restrictions

    beginning of year $30,388,458 · end of year $32,576,821

Mission and programs · 2024

Mission

PROVISIONBRIDGE EXISTS TO PROVIDE AN EASY, TAX-EFFICIENT WAY FOR INDIVIDUALS, FAMILIES AND ORGANIZATIONS TO GIVE CHARITABLY TO ORGANIZATIONS THAT PROVIDE CARE FOR THOSE IN NEED. DIFFICULT TIMES, RISING MEDICAL COSTS, NATURAL DISASTERS, AND OTHER PROBLEMS HAVE LEFT MORE AND MORE FAMILIES IN NEED OF FINANCIAL ASSISTANCE AND MORE FAMILIES AND ORGANIZATIONS WANTING TO HELP. RECOGNIZING THESE NEEDS LED A TEAM OF DEDICATED LEADERS IN THE NONPROFIT COMMUNITY TO START PROVISION BRIDGE. IN 2011, PROVISIONBRIDGE RECEIVED ITS DETERMINATION LETTER FROM THE IRS AS A 501-C3 ORGANIZATION, WITH THE GOAL OF HELPING MORE PEOPLE GIVE TO MEET THE NEEDS IN THEIR COMMUNITY.

  • NEMA FOUNDATION (PROVISIONBRIDGE)EXISTS TO SUPPORT 501(C)(3) CHARITABLE ORGANIZATIONS FROM DONOR ADVISED FUNDS, WHICH ENABLE DONORS TO CONTRIBUTE ASSETS AND THEN RECOMMEND GRANTS FROM THE FUND TO CHARITIES THAT PROVIDE CARE FOR THOSE IN NEED. PROVISIONBRIDGE PERSONNEL ASSESS AND QUALIFY GRANTEES; THEREFORE, THE COSTS ASSOCIATED WITH THESE ACTIVITIES ARE INCLUDED IN THE PROGRAM SERVICES COMPONENT OF EXPENSE.

    Expenses $28,897,504 · Grants $28,626,178

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRYAN GREEN

    DIRECTOR/PRE

    Total calculated
    $175,000
    From this org
    $0
    From related orgs
    $175,000
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    not reported + $175,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $175,000 related

  • CHERYL GREEN

    DIRECTOR/SEC

    Total calculated
    $54,000
    From this org
    $54,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • SCOTT MERRITT

    DIRECTOR/TRE

    Total calculated
    $0
    Hours/week
    1

  • JEFF WHITLOCK

    DIRECTOR

    Total calculated
    $0

  • SALVATORE PELLEGRINO

    DIRECTOR

    Total calculated
    $0

  • ANDY RUSSELL

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A
PROVISIONBRIDGE (THE ORGANIZATION) GENERALLY WILL NOT REIMBURSE TRAVEL EXPENSES OF SPOUSES OR OTHER FAMILY MEMBERS WHO ARE NOT EMPLOYEES OF THE ORGANIZATION. HOWEVER, WHEN THE RESPECTIVE SPOUSES OF THE ORGANIZATION'S FOUNDER, CHIEF EXECUTIVE OFFICER, PRESIDENT, OTHER OFFICERS, OR RELATIONSHIP MANAGERS ARE ESSENTIAL (NOT MERELY HELPFUL) TO THAT EMPLOYEE BEING ABLE TO CARRY OUT HIS OR HER BUSINESS FOR THE ORGANIZATION, THE ORGANIZATION WILL REIMBURSE THE SPOUSAL TRAVEL EXPENSES AS LONG AS THEY ARE PROPERLY SUBSTANTIATED.
SCHEDULE J, PAGE 1, PART I, LINE 3
A MEMBER OF THE BOARD ANALYZES COMPENSATION OF SIMILAR ORGANIZATIONS USING FORM 990 TAX FILINGS AND INDEPENDENT COMPENSATION STUDIES PUBLISHED BY GUIDESTAR AND COMPENSATION RESOURCES. THE RESULTS ARE PRESENTED TO THE ENTIRE BOARD FOR USE IN DETERMINING ANNUAL COMPENSATION FOR THE PRESIDENT. MINUTES ARE MAINTAINED FOR THE BOARD MEETINGS AND DECISIONS. THIS REVIEW AND APPROVAL PROCESS WAS LAST UNDERTAKEN IN JUNE 2025. THE PRESIDENT MAKES COMPENSATION DECISIONS FOR THE ORGANIZATION'S OFFICERS AND REVIEWS THOSE DECISIONS WITH THE BOARD PRIOR TO IMPLEMENTATION.
SCHEDULE J, PAGE 1, PART I, LINE 7
THE ORGANIZATION PAYS BONUS AND EXPENSE REIMBURSEMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • SEE ATTACHED

    $28,160,129

    SUPPORT 501(C)(3) CH

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202513219349313836

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