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Provision Trust Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 272029644 ✦ Knoxville, TN ✦ Designated as a 501(c)(3)

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Overview

What is Provision Trust Inc?

Provision Trust Inc, based in Knoxville, Tennessee, serves as a grant-making entity and a supporter of nonprofit organizations focusing on cancer awareness, research, and treatment. The organization adheres to the missions and values of its founding charities, National Christian Charitable Foundation, Inc., and Global Generosity, Inc. Through a grant application process, Provision Trust assesses requests and distributes funds to organizations that align with its objectives. Furthermore, it extends loans for operational liquidity and leases medical equipment to support these organizations' quality patient care. By doing so, Provision Trust contributes to the advancement of cancer-related causes.

Is Provision Trust Inc legitimate?

Provision Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Provision Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Provision Trust Inc?

Provision Trust Inc., as a nonprofit organization, is established with the primary purpose of supporting the missions and visions of two charitable organizations, National Christian Charitable Foundation, Inc. and Global Generosity, Inc. To achieve this, Provision Trust operates as a grant-making entity, reviewing grant requests from organizations whose activities align with the mission and values of these two entities. The board of directors approves grants based on a majority vote. In addition to its grant-making operations, Provision Trust is also associated with four nonprofit entities focused on cancer awareness, research, and treatment. It provides financial assistance to these organizations, extending loans for quality patient care and leasing medical equipment for their operations.

Who is the CEO of Provision Trust Inc?

Terry Douglass is the President of Provision Trust Inc.

What is the revenue of Provision Trust Inc?

Provision Trust Inc's revenue in 2022 was $736,514.

Who are the executives of Provision Trust Inc and what are their salaries?


Here are 4 key members and their salaries:


Terry Douglass (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daryl Heald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Swartz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Provision Trust Inc?

Provision Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Provision Trust Inc

Provision Trust Inc, as a nonprofit corporation, is dedicated to advancing the objectives and ideals of two charitable organizations: National Christian Charitable Foundation, Inc. and Global Generosity, Inc. In line with these missions, Provision Trust carries out two primary functions. Firstly, it serves as a grant-making entity, evaluating grant applications based on their consistency with the values and goals of the aforementioned organizations. Grants are approved only if they align with the mission and principles of NCCF and Global Generosity.

In addition to its grant-making role, Provision Trust is also actively involved in supporting four nonprofit entities that focus on cancer awareness, research, and treatment. These entities share the same charitable visions as Provisions Trust, and the organization provides them with financial assistance through loans for enhancing patient care and leasing medical equipment for their operations. By engaging in these activities, Provision Trust contributes to the broader mission of improving healthcare and supporting charitable causes aligned with NCCF and Global Generosity.

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Impact




October, 2024

Provision Trust Inc significantly impacts the community by advancing the missions of the National Christian Charitable Foundation (NCCF) and Global Generosity. As a grant-making entity, it evaluates and approves funding requests from organizations whose activities align with its core values. This structured approach ensures that financial support is directed towards initiatives that promote well-being and facilitate positive change.

In addition to its grant-making capabilities, Provision Trust actively collaborates with four nonprofit entities focused on cancer awareness, research, and treatment. By providing loans for operational liquidity and leasing medical equipment, Provision Trust enhances the capacity of these organizations to deliver high-quality patient care. Through these efforts, Provision Trust not only supports critical healthcare initiatives but also fosters a collaborative environment that amplifies the collective impact of its partners in addressing urgent health challenges.




This information is meant to be a general summary of Provision Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$736,514 (2022)
Expenses
$202,065 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $135,846
  • Gross Receipts: $736,514

Assets and Liabilities:

  • Total Assets: $13,010,879
  • Total Liabilities: $8,787,418
  • Net Assets: $4,223,461

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Medical Equip Lease Incom

Revenue

$135,846

Organization Details

Founding Year

2010

Principal Officer

Terry Douglass

Main Address

2095 Lakeside Centre Way 101, Knoxville, TN, 37922

NTEE Category

Code: T22 - Philanthropy

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