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Nema Foundation Inc

Dba Provisionbridge

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

EIN: 274357830 ✦ Sarasota, FL ✦ Designated as a 501(c)(3)

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Overview

What is Nema Foundation Inc?

The Nema Foundation Inc, also known as ProvisionBridge, is a 501(c)(3) nonprofit organization based in Sarasota, Florida. Established in 2011, the organization's mission is to simplify charitable giving for individuals, families, and organizations by acting as an intermediary between donors and charities that provide essential care to those in need. ProvisionBridge enables donors to contribute assets and then recommend grants to charities, while the foundation's personnel assess and qualify the grantees. With a team of dedicated professionals, ProvisionBridge aims to help more people give to meet the needs in their community. The organization currently employs six individuals.


Official website here: www.provisionbridge.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80% (Three-Star out of Four Stars)

Nema Foundation Inc has received an 80% score from Charity Navigator, indicating a strong focus on accountability and finance. The rating is based solely on this beacon score, showcasing the organization's commitment to transparency and financial health. Given that all aspects of accountability were rated positively, including the presence of a conflict of interest policy and the documentation of board meeting minutes, it reflects a well-managed nonprofit.

The foundation excels in program expenses, with an impressive 99.76% of its expenditures directed towards its programs, suggesting a high level of efficiency in delivering its mission. Additionally, the low liabilities to assets ratio of 0.07% indicates solid financial stability. This financial prudence allows for better long-term planning and sustainability.

While the score is reassuring, as with many organizations, there may be areas for improvement in broader operational aspects that could be evaluated further. However, based on the data available, Nema Foundation Inc demonstrates a robust framework for accountability and financial management, earning it a commendable Three-Star rating.


This AI summary has been generated from information found on Charity Navigator.

Is Nema Foundation Inc legitimate?

Nema Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nema Foundation 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: $99,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,168

For more financial information, click here


Official website here: www.provisionbridge.org

What is the mission statement of Nema Foundation Inc?

Nema Foundation Inc is dedicated to facilitating charitable giving in an efficient and tax-exempt manner. With the increasing number of families facing financial challenges due to difficult times, rising medical costs, and natural disasters, there is a growing desire among individuals, families, and organizations to help meet the needs of those in need. Recognizing this need, a team of dedicated leaders in the non-profit sector established Provision Bridge in 2011 as a 501-C3 organization. Their mission is to make charitable giving more accessible, enabling more people to support organizations that provide care for those in need within their communities.


Official website here: www.provisionbridge.org

Who is the CEO of Nema Foundation Inc?

Cheryl Green is the Exec. Dir./P of Nema Foundation Inc.


Official website here: www.provisionbridge.org

What is the revenue of Nema Foundation Inc?

Nema Foundation Inc's revenue in 2022 was $22,559,102.


Official website here: www.provisionbridge.org

Who are the executives of Nema Foundation Inc and what are their salaries?

The average compensation at Nema Foundation Inc during 2022 was $37,278. There are 6 employees at Nema Foundation Inc.


Here are 7 key members and their salaries:


Cheryl Green (Exec. Dir./P)
  • Compensation: $54,000
  • Related: $0
  • Other: $0
Mary Whitlock (Secretary)
  • Compensation: $45,500
  • Related: $0
  • Other: $0
David Michael Franklin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brittany Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Parker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Whitlock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Merritt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.provisionbridge.org

Where can I find the form 990 for Nema Foundation Inc?

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


Official website here: www.provisionbridge.org

Learn more at the official website: www.provisionbridge.org

Mission Statement of Nema Foundation Inc

Nema Foundation Inc, a 501-C3 organization, was established with a mission to facilitate charitable giving in an easy and tax-efficient manner. The team behind Nema Foundation recognized the growing need for financial assistance due to difficult times, rising medical costs, natural disasters, and other problems. This realization led them to create a platform that would bring together individuals, families, and organizations who wish to make a difference in their community.

Nema Foundation's primary goal is to bridge the gap between those in need and those who wish to help. By providing an accessible and efficient way to donate, Nema Foundation aims to encourage more people to give generously and support organizations that provide essential care. In 2011, the organization received its determination letter from the IRS, marking the beginning of its journey to help more people make an impact in their communities.

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Impact




October, 2024

Nema Foundation Inc, through its initiative ProvisionBridge, significantly impacts communities by facilitating charitable giving in a streamlined and tax-efficient manner. By connecting individuals, families, and organizations with 501(c)(3) charitable organizations, ProvisionBridge addresses urgent needs arising from difficult circumstances, such as rising medical costs and natural disasters.

With a clear mission to support those in need, ProvisionBridge assesses and qualifies grantees to ensure that donations reach legitimate and impactful recipients. This rigorous vetting process enhances donor confidence and maximizes the effectiveness of contributions, enabling more families and organizations to aid those facing financial hardships.

Since its inception in 2011, ProvisionBridge has created a vital bridge between donors and communities, fostering a culture of philanthropy and encouraging a collective response to pressing social challenges. Through its efforts, Nema Foundation Inc not only facilitates financial assistance but also strengthens community ties, promoting an ethos of compassion and support for the most vulnerable members of society.




This information is meant to be a general summary of Nema Foundation 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
$22,559,102 (2022)
Expenses
$28,947,826 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $461,024
  • Gross Receipts: $64,618,652

Assets and Liabilities:

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

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Organization Details

Founding Year

2011

Principal Officer

Cheryl Green

Main Address

1859 NORTHGATE BLVD, SARASOTA, FL, 34234

NTEE Category

Code: T30 - Philanthropy

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