Civic Intelligence

Provision Trust Inc

EIN 27-2029644 • 501(c)3 • Knoxville, TN

Profile

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.

2095 Lakeside Centre Way 101Knoxville, TN 37922

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.03x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

26466.92x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

1st percentile

-1344%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2011

Asset Growth

6th percentile

-19%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Down

$8,485,037

Down $5,170,016 (-38%) from 2023

Liabilities

Up

$8,707,617

Up $456 (+0.0%) from 2023

Net Assets

Down

-$222,580

Down $5,170,472 (-104%) from 2023

Revenue

Down

$329

Down $731,262 (-100%) from 2023

Expenses

Down

$4,751

Down $2,409 (-34%) from 2023

Net Income

Down

-$4,422

Down $728,853 (-101%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0-$20MAssets 2011: $42,681,195Liabilities 2011: $31,998,898Net Assets 2011: $10,682,2972011Assets 2012: $15,580,242Liabilities 2012: $3,664,545Net Assets 2012: $11,915,6972012Assets 2013: $52,802,604Liabilities 2013: $45,530,608Net Assets 2013: $7,271,9962013Assets 2019: $19,645,674Liabilities 2019: $8,733,933Net Assets 2019: $10,911,7412019Assets 2020: $20,366,605Liabilities 2020: $8,721,073Net Assets 2020: $11,645,5322020Assets 2021: $21,126,600Liabilities 2021: $8,757,466Net Assets 2021: $12,369,1342021Assets 2022: $13,010,879Liabilities 2022: $8,787,418Net Assets 2022: $4,223,4612022Assets 2023: $13,655,053Liabilities 2023: $8,707,161Net Assets 2023: $4,947,8922023Assets 2024: $8,485,037Liabilities 2024: $8,707,617Net Assets 2024: -$222,5802024

Highlighted filing

2024

Assets$8,485,037
Liabilities$8,707,617
Net Assets-$222,580

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $2,786,9682011Expenses 2012: $3,505,7952012Revenue 2013: $660,112Expenses 2013: $5,303,813Net Income 2013: -$4,643,7012013Revenue 2019: $1,911,701Expenses 2019: $1,070,614Net Income 2019: $841,0872019Revenue 2020: $1,036,553Expenses 2020: $302,762Net Income 2020: $733,7912020Revenue 2021: $1,019,942Expenses 2021: $296,340Net Income 2021: $723,6022021Revenue 2022: $736,514Expenses 2022: $202,065Net Income 2022: $534,4492022Revenue 2023: $731,591Expenses 2023: $7,160Net Income 2023: $724,4312023Revenue 2024: $329Expenses 2024: $4,751Net Income 2024: -$4,4222024

Highlighted filing

2024

Revenue$329
Expenses$4,751
Net Income-$4,422

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$329
Mission and Program Overview

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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,430,411$8,433,583▲ $3,172
Accounts Receivable$1,532,581$0▼ $1,532,581
Cash and Non-Interest-Bearing Accounts$33,590$26,453▼ $7,137
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$13,655,053$8,485,037▼ $5,170,016
Other Assets Total$3,658,471$25,001▼ $3,633,470
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,706,902$8,706,902→ $0
Accounts Payable and Accrued Expenses$259$715▲ $456
Total Liabilities$8,707,161$8,707,617▲ $456
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,947,892$-222,580▼ $5,170,472
Total Net Assets Fund Balance$4,947,892$-222,580▼ $5,170,472
Total Liabilities and Net Assets / Fund Balance$13,655,053$8,485,037▼ $5,170,016

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,590,443$2,590,443
Other Land Buildings-$9,085$9,085
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry DouglassPresident
Daryl HealdDirector
David WillsDirector
Anne SwartzSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$329
Other Revenue
$0
Change in Net Assets
$-4,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,751
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,429-$4,429
Other Expenses-$3-$3
Total Functional Expenses$0$4,751$0$4,751
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Provision Trust Inc
EIN
27-2029644
Phone
8656918141
Address
2095 Lakeside Centre Way 101, Knoxville, TN 37922

Signing Officer

Name
Anne Swartz
Title
Secretary/CFO
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Douglass
Formed
2010
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Anne H Swartz
Address
1123 Anthem View Ln, Knoxville, TN 37922
Preparer
Anne H Swartz
Phone
8656918141
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Write-off of uncollectible interest income = -$3633469

Form 990, Part XI, Line 9

Write-off of uncollectible lease revenue = -$1532581

Form 990 - Organization'S Mission

Form 990 - organization's missionprovision trust is a tennessee nonprofit corporation organized exclusivelyfor religious, charitable, scientific, literary and educational purposeswithin the meaning of sec. 501(c)(3) of the irc for the benefit of, or tocarry out the purposes of two organizations classified as public charitiespursuant to sec. 509(a)(1) of the code, namely, national christiancharitable foundation, inc. (ein: 58-1493949) and global generosity, inc.(ein: 47-5209151). Nccf and global generosity are collectively referred toas the "supported organizations".nccf's mission is to enable followers of christ to give wisely to advancehis kingdom. Its vision is to mobilize an unprecedented abundance ofkingdom resources to accomplish every good work. Global generosity'smission is to fuel a broad-based, worldwide movement taht results inradical, life transforming generosity amongst christians.form 990, part vi, line 11b - organization's process to review form 990the organization provides an electronic copy of the 990 to its boardmembers for review and comments prior to filing the return.form 990, part vi, line 12c - enforcement of conflicts policythe board of directors review reports to ensure compliance with theconflict of interest policy. If there are any conflicts of interest thatinvolve one of the related companies, terry douglass recuses himself.form 990, part vi, line 19 - governing documents disclosure explanationthe governing documents, conflict of interest policy, form 990, andfinancial statements of the organization are made available upon request.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0National Christian Charitable Fdn
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Global Generosity Inc
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt02590443
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02590443
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09085
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09085
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Write-off of uncollectible interest income = -$3633469
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Write-off of uncollectible lease revenue = -$1532581
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 - ORGANIZATION'S MISSIONPROVISION TRUST IS A TENNESSEE NONPROFIT CORPORATION ORGANIZED EXCLUSIVELYFOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSESWITHIN THE MEANING OF SEC. 501(C)(3) OF THE IRC FOR THE BENEFIT OF, OR TOCARRY OUT THE PURPOSES OF TWO ORGANIZATIONS CLASSIFIED AS PUBLIC CHARITIESPURSUANT TO SEC. 509(A)(1) OF THE CODE, NAMELY, NATIONAL CHRISTIANCHARITABLE FOUNDATION, INC. (EIN: 58-1493949) AND GLOBAL GENEROSITY, INC.(EIN: 47-5209151). NCCF AND GLOBAL GENEROSITY ARE COLLECTIVELY REFERRED TOAS THE "SUPPORTED ORGANIZATIONS".NCCF'S MISSION IS TO ENABLE FOLLOWERS OF CHRIST TO GIVE WISELY TO ADVANCEHIS KINGDOM. ITS VISION IS TO MOBILIZE AN UNPRECEDENTED ABUNDANCE OFKINGDOM RESOURCES TO ACCOMPLISH EVERY GOOD WORK. GLOBAL GENEROSITY'SMISSION IS TO FUEL A BROAD-BASED, WORLDWIDE MOVEMENT TAHT RESULTS INRADICAL, LIFE TRANSFORMING GENEROSITY AMONGST CHRISTIANS.FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990THE ORGANIZATION PROVIDES AN ELECTRONIC COPY OF THE 990 TO ITS BOARDMEMBERS FOR REVIEW AND COMMENTS PRIOR TO FILING THE RETURN.FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICYTHE BOARD OF DIRECTORS REVIEW REPORTS TO ENSURE COMPLIANCE WITH THECONFLICT OF INTEREST POLICY. IF THERE ARE ANY CONFLICTS OF INTEREST THATINVOLVE ONE OF THE RELATED COMPANIES, TERRY DOUGLASS RECUSES HIMSELF.FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONTHE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, ANDFINANCIAL STATEMENTS OF THE ORGANIZATION ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 - Organization's Mission
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PCPT Durham LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1East Tennessee Radiation Therapy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2PCPT Lenexa LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MTPC LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4PCPT Hamlin LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0384101505
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1371665132
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2384129677
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Medical
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Medical
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Medical
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4Medical
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02095 Lakeside Centre Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt16450 Provision Cares Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt22095 Lakeside Centre Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt32095 Lakeside Centre Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt42095 Lakeside Centre Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Knoxville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Knoxville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Knoxville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3Knoxville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4Knoxville
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037922
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd137922
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd237922
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd337922
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd437922
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0PROVISION TRUST IS CURRENTLY A MEMBER OF FIVE 501(C)(3) NONPROFIT ENTITIES:(1) THE EAST TENNESSEE RADIATION THERAPY SERVICES, LLC; (2) MTPC, LLC; (3) PCPT HAMLIN, LLC, (4) PCPT DURHAM,LLC AND (5)PCPT LENEXA,LLC. EACH OF THESE FIVE ENTITIES FOCUSES ON CANCER AWARENESS, RESEARCH, AND TREATMENT, AND IN PARTICULAR, PROTON THERAPY, AN ADVANCED FORM OF CANCER TREATMENT, WHICH IS CONSISTENT WITH THE CHARITABLE VISIONS OF THE SUPPORTED ORGANIZATIONS AND PROVISION TRUST. PROVISION TRUST OWNS 100% OF EAST TENNESSEE RADIATION THERAPY, 45% OF MTPC, LLC, AND 100% OF PCPT HAMLIN,LLC, PCPT DURHAM,LLC AND PCPT LENEXA,LLC.NOTE: None of these LLCs are active any longer and have either been liquidated or are in the process of being liquidated.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule R - Additional Information
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IRS990ScheduleR/TransferToOtherOrgInd0false
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013655053
IRS990/TotalAssetsEOYAmt08485037
IRS990/TotalAssetsGrp/BOYAmt013655053
IRS990/TotalAssetsGrp/EOYAmt08485037
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IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04751
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04751
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IRS990/TotalLiabilitiesBOYAmt08707161
IRS990/TotalLiabilitiesEOYAmt08707617
IRS990/TotalLiabilitiesGrp/BOYAmt08707161
IRS990/TotalLiabilitiesGrp/EOYAmt08707617
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