Civic Intelligence

Nema Foundation Inc DBA Provisionbridge

990 • Fiscal year 2022 • EIN 27-4357830

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

1859 Northgate BlvdSarasota, FL 34234

(706) 754-6884

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

3rd percentile

0.00x

Higher debt load relative to revenue than 3% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

8th percentile

-28%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

7th percentile

$54,000

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-63%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$33,716,025

Down $7,147,463 (-17%) from 2021

Net Assets

Down

$33,690,955

Down $7,159,553 (-18%) from 2021

Liabilities

Up

$25,070

Up $12,090 (+93%) from 2021

Revenue

Down

$22,559,102

Down $38,921,893 (-63%) from 2021

Expenses

Down

$28,947,826

Down $15,532,453 (-35%) from 2021

Net Income

Down

-$6,388,724

Down $23,389,440 (-138%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $1,433,702Liabilities 2011: $2,328Net Assets 2011: $1,431,3742011Assets 2012: $3,237,078Liabilities 2012: $583Net Assets 2012: $3,236,4952012Assets 2013: $3,761,332Liabilities 2013: $148,194Net Assets 2013: $3,613,1382013Assets 2014: $5,275,312Liabilities 2014: $8,950Net Assets 2014: $5,266,3622014Assets 2015: $6,243,023Liabilities 2015: $9,096Net Assets 2015: $6,233,9272015Assets 2016: $6,786,768Liabilities 2016: $0Net Assets 2016: $6,786,7682016Assets 2017: $6,235,403Liabilities 2017: $7,726Net Assets 2017: $6,227,6772017Assets 2018: $8,214,112Liabilities 2018: $5,224Net Assets 2018: $8,208,8882018Assets 2019: $12,461,125Liabilities 2019: $8,208Net Assets 2019: $12,452,9172019Assets 2020: $23,883,894Liabilities 2020: $16,218Net Assets 2020: $23,867,6762020Assets 2021: $40,863,488Liabilities 2021: $12,980Net Assets 2021: $40,850,5082021Assets 2022: $33,716,025Liabilities 2022: $25,070Net Assets 2022: $33,690,9552022Assets 2023: $30,390,457Liabilities 2023: $1,999Net Assets 2023: $30,388,4582023Assets 2024: $32,581,469Liabilities 2024: $4,648Net Assets 2024: $32,576,8212024

Highlighted filing

2022

Assets$33,716,025
Liabilities$25,070
Net Assets$33,690,955

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2011: $23,3892011Expenses 2012: $5,417,6932012Revenue 2013: $7,451,555Expenses 2013: $7,094,912Net Income 2013: $356,6432013Revenue 2014: $12,213,612Expenses 2014: $10,551,459Net Income 2014: $1,662,1532014Revenue 2015: $7,570,647Expenses 2015: $6,581,957Net Income 2015: $988,6902015Revenue 2016: $11,981,429Expenses 2016: $11,455,440Net Income 2016: $525,9892016Revenue 2017: $6,450,631Expenses 2017: $7,061,753Net Income 2017: -$611,1222017Revenue 2018: $7,327,461Expenses 2018: $5,195,796Net Income 2018: $2,131,6652018Revenue 2019: $9,519,216Expenses 2019: $5,217,911Net Income 2019: $4,301,3052019Revenue 2020: $21,383,446Expenses 2020: $9,802,898Net Income 2020: $11,580,5482020Revenue 2021: $61,480,995Expenses 2021: $44,480,279Net Income 2021: $17,000,7162021Revenue 2022: $22,559,102Expenses 2022: $28,947,826Net Income 2022: -$6,388,7242022Revenue 2023: $22,374,951Expenses 2023: $26,451,661Net Income 2023: -$4,076,7102023Revenue 2024: $30,496,474Expenses 2024: $28,964,351Net Income 2024: $1,532,1232024

Highlighted filing

2022

Revenue$22,559,102
Expenses$28,947,826
Net Income-$6,388,724
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$64,618,652
Mission and Program Overview

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 ProvisionBridge. In 2011, Provision Bridge received its determination letter from the IRS as a 501C3 organization, with the goal of helping more people give to meet the needs in their community.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,768,715$21,182,560▲ $413,845
Savings and Temporary Cash Investments$12,916,250$6,553,859▼ $6,362,391
Investments Other Securities$5,290,163$4,979,377▼ $310,786
Cash and Non-Interest-Bearing Accounts$1,718,966$852,737▼ $866,229
Other Notes and Loans Receivable, Net$169,394$147,492▼ $21,902
Total Assets$40,863,488$33,716,025▼ $7,147,463
Liabilities
Accounts Payable and Accrued Expenses$12,980$25,070▲ $12,090
Total Liabilities$12,980$25,070▲ $12,090
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,850,508$33,690,955▼ $7,159,553
Total Net Assets Fund Balance$40,850,508$33,690,955▼ $7,159,553
Total Liabilities and Net Assets / Fund Balance$40,863,488$33,716,025▼ $7,147,463

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$25,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl GreenExec. Dir./pFT$54,000$54,000
Mary WhitlockSecretaryPT$45,500$45,500

Board Members and Trustees

NameTitle
Brittany GreenDirector
David Michael FranklinDirector
Jeff WhitlockDirector
Terry ParkerDirector
Scott MerrittTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,098,078
Program Service Revenue
$0
Investment Income
$461,024
Other Revenue
$0
All Other Contributions
$22,098,078
Change in Net Assets
$-6,388,724

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table11$2,855,796Comp Sales
Securities Publicly Traded1$8,056-
Total Noncash Contributions12$2,863,852-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$28,504,987
Salaries, Compensation, and Employee Benefits$223,668
Other Expenses$219,171
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$28,504,987--$28,504,987
Other Salaries and Wages$99,334$24,834-$124,168
Fees for Service Investment Mgmnt Fees$90,022$22,506-$112,528
Current Officers, Directors, Trustees, and Key Employees$79,600$19,900-$99,500
Fees for Services Accounting$30,751$7,688-$38,439
Office Expenses$16,141$4,036-$20,177
Travel$4,932$1,233-$6,165
Insurance$4,182$1,046-$5,228
Other Expenses$256$64-$320
Interest$23$6-$29
Total Functional Expenses$28,866,513$81,313$0$28,947,826
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See AttachedTallulah Falls, GA-Support 501(c)(3) Ch$28,504,987
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

The tax returns are completed from the financial records of the organization. Once prepared and reviewed by an outside cpa firm, the full tax return is sent to the board for their final review prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Officers, directors, and key employees are required to review and certify on an annual basis their understanding of the organization's conflict of interest policy as adopted by the board of directors of the organization.

Form 990, Page 6, Part VI, Line 19

All documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Nema Foundation Inc
EIN
27-4357830
Phone
7067546884
Address
1859 NORTHGATE BLVD, SARASOTA, FL 34234
Doing Business As
Dba Provisionbridge

Signing Officer

Name
Cheryl Green
Title
Exec. Dir./pres
Phone
7067546884
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Green
Formed
2011
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
6

Preparer

Firm
Barnes Merritt & Barnes LLC
Address
10 GLENLAKE PKWY NORTH TOWER STE, ATLANTA, GA 30328
Preparer
Scott Merritt CPA
Phone
4046366638
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt725000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0IDONATE LIQUIDATION LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1KINGDOM SCENE ENDEVORS, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CHARLES SCHWAB
IRS990ScheduleD/OtherSecuritiesGrp/Desc3ANIVIVE LIFESCIENCES
IRS990ScheduleD/OtherSecuritiesGrp/Desc4ZOE ANGLING GROUP LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CHARLES SCHWAB
IRS990ScheduleD/OtherSecuritiesGrp/Desc6FAMILY ARC
IRS990ScheduleD/OtherSecuritiesGrp/Desc7FLINT HARVEST VENTURE
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IRS990ScheduleI/RecipientTable/CashGrantAmt028504987
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT 501(C)(3) CH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SEE ATTACHED
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0P O BOX 157
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TALLULAH FALLS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030573
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHEDULE I, PART I, LINE 2; THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS GRANTED TO ORGANIZATIONS IN THE UNITED STATES SINCE IT GRANTS FUNDS TO ORGANIZATIONS HERE ONLY IF THOSE ORGANIZATIONS QUALIFY AS EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501 (C)(3) AND THEREFORE ARE BOUND TO USE SUCH FUNDS ONLY FOR RELIGIOUS, CHARITABLE, EDUCATIONAL OR OTHER PURPOSES DESCRIBED IN THAT CODE SECTION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVISIONBRIDGE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURNS ARE COMPLETED FROM THE FINANCIAL RECORDS OF THE ORGANIZATION. ONCE PREPARED AND REVIEWED BY AN OUTSIDE CPA FIRM, THE FULL TAX RETURN IS SENT TO THE BOARD FOR THEIR FINAL REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW AND CERTIFY ON AN ANNUAL BASIS THEIR UNDERSTANDING OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AS ADOPTED BY THE BOARD OF DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0TALLULAH FALLS
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IRS990/WebsiteAddressTxt0WWW.PROVISIONBRIDGE.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL GREEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC. DIR./PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum07067546884
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEMA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NEMA
ReturnHeader/Filer/EIN0274357830
ReturnHeader/Filer/PhoneNum07067546884
ReturnHeader/Filer/USAddress/AddressLine1Txt01859 NORTHGATE BLVD
ReturnHeader/Filer/USAddress/CityNm0SARASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034234
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462800044
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNES MERRITT & BARNES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 GLENLAKE PKWY NORTH TOWER STE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030328
ReturnHeader/PreparerPersonGrp/PhoneNum04046366638
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT MERRITT CPA
ReturnHeader/ReturnTs02023-11-15T17:40:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHERYL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GREEN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.6$0.00$32.6$30.5$29.0$1.53
2023Detailed filing. Detailed filing data is available for this year.$30.4$0.00$30.4$22.4$26.5$4.08
2022Detailed filing. Detailed filing data is available for this year.$33.7$0.03$33.7$22.6$28.9$6.39
2021Detailed filing. Detailed filing data is available for this year.$40.9$0.01$40.9$61.5$44.5$17.0
2020Detailed filing. Detailed filing data is available for this year.$23.9$0.02$23.9$21.4$9.80$11.6
2019Detailed filing. Detailed filing data is available for this year.$12.5$0.01$12.5$9.52$5.22$4.30
2018Detailed filing. Detailed filing data is available for this year.$8.21$0.01$8.21$7.33$5.20$2.13
2017Detailed filing. Detailed filing data is available for this year.$6.24$0.01$6.23$6.45$7.06$0.61
2016Detailed filing. Detailed filing data is available for this year.$6.79$0.00$6.79$12.0$11.5$0.53
2015Detailed filing. Detailed filing data is available for this year.$6.24$0.01$6.23$7.57$6.58$0.99
2014Detailed filing. Detailed filing data is available for this year.$5.28$0.01$5.27$12.2$10.6$1.66
2013Detailed filing. Detailed filing data is available for this year.$3.76$0.15$3.61$7.45$7.09$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.00$3.24$5.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$0.02
Peer Organizations

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