Totals
- Total revenue
- $731,591
- Total expenses
- $7,160
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $309
- Other revenue
- $731,282
- Total assets, end of year
- $13,655,053
- Total liabilities, end of year
- $8,707,161
- Net assets or fund balances, end of year
- $4,947,892
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $7,160
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
3 · Investment income
total $309 · related or exempt $309
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Accrued Interest Income
total $701,453 · related or exempt $701,453
-
11b · Other revenue: Remove Fees recorded in error
total $29,829 · related or exempt $29,829
-
11e · Other revenue, total
$731,282
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,796 · management and general $6,796
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Dues and Subcriptions
total $258 · management and general $258
-
24b · Other expenses: Bank Charges
total $55 · management and general $55
-
24c · Other expenses: Taxes
total $41 · management and general $41
-
24d · Other expenses: Postage and Shipping
total $10 · management and general $10
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $90,867 · end of year $33,590
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,532,581 · end of year $1,532,581
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $8,430,411 · end of year $8,430,411
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,599,528
-
10b · Land, buildings and equipment: accumulated depreciation
$2,599,528
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,957,020 · end of year $3,658,471
-
17 · Accounts payable and accrued expenses
beginning of year $30,516 · end of year $259
-
23 · Secured mortgages and notes payable
beginning of year $8,756,902 · end of year $8,706,902
-
27 · Net assets without donor restrictions
beginning of year $4,223,461 · end of year $4,947,892
Mission and programs · 2023
Mission
Provision Trust is a nonprofit corporation organized to carry out the purposes of two public charity organizationsm, namely, National Christian Charitable Foundation, Inc. and Global Generosity, Inc.
Activities or mission (Part I)
In furtherance of the missions and visions of NCCF and Global Generosity, Provision Trust engages in two primary operations. First, it is a grant-making entity. Provision Trust utilizes a grant application process whereby applicants provide certain requested information for review by the board of directors. The board considers each grant request and determines, by a majority vote, whether or not to approve a grant. Grants are only mader to organizations whose activities are consistent with the mission and values of NCCF and Global Generosity. In addition to it's grant making operations, Provision Trust is currently a member of four nonprofit entities whose focus is on cancer awareness, research and treatment which is consistent with the charitable visions of the supported organizations and Provision Trust. Provision Trust provides financial support to these organizations by extending loans for operational liquidity for quality patient care and by leasing certain medical equipment for t
-
In furtherance of the missions and visions of NCCF and Global Generosity, Provision Trust engages in two primary operations. First, it is a grant-making entity. Provision Trust utilizes a grant application process whereby applicants provide certain requested information for review by the board of directors. The board considers each grant request and determines, by a majority vote, whether or not to approve a grant. Grants are only mader to organizations whose activities are consistent with the mission and values of NCCF and Global Generosity. In addition to it's grant making operations, Provision Trust is currently a member of four nonprofit entities whose focus is on cancer awareness, research and treatment which is consistent with the charitable visions of the supported organizations and Provision Trust. Provision Trust provides financial support to these organizations by extending loans for operational liquidity for quality patient care and by leasing certain medical equipment for their operations. In the last year, assets of three of these entities were acquired through Chapter 11 filings from Provision Trust. The other entities are in an active status. Negotiatons are ongoing to restart operations in one of the entities.
As filed on the 2023 return.
Listed in Part VII
-
Terry Douglass
President
- Total calculated
- $0
- Hours/week
- 1
-
Daryl Heald
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Wills
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anne Swartz
Secretary
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
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.
-
501C3 · Medical · TN
Directly controlled by NA
-
East Tennessee Radiation Therapy
501C3 · Medical · TN
-
501C3 · Medical · TN
Directly controlled by NA
-
501c3 · Medical · TN
-
501C3 · Medical · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431369349305933
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