Nema Foundation Inc

Organization Overview

Nema Foundation Inc is located in Tallulah Falls, GA. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Nema Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nema Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Nema Foundation Inc generated $61.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $44.5m during the year ending 12/2021. While expenses have increased by 31.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NEMA FOUNDATION (PROVISIONBRIDGE)EXISTS TO SUPPORT 501(C)(3) CHARITABLE ORGANIZATIONS FROM DONOR ADVISED FUNDS, WHICH ENABLE DONORS TO CONTRIBUTE ASSETS AND THEN RECOMMEND GRANTS FROM THE FUND TO CHARITIES THAT PROVIDE CARE FOR THOSE IN NEED. PROVISIONBRIDGE PERSONNEL ASSESS AND QUALIFY GRANTEES; THEREFORE, THE COSTS ASSOCIATED WITH THESE ACTIVITIES ARE INCLUDED IN THE PROGRAM SERVICES COMPONENT OF EXPENSE.


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Board, Officers & Key Employees

Name (title)Compensation
Cheryl Green
Exec. Dir./p
$54,500
Mary Whitlock
Secretary
$47,000
Scott Merritt
Treasurer
$0
David Michael Franklin
Director
$0
Brittany Green
Director
$0
Jeff Whitlock
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$61,107,799
Noncash contributions included in lines 1a–1f $3,389,399
Total Revenue from Contributions, Gifts, Grants & Similar$61,107,799
Total Program Service Revenue$0
Investment income $363,105
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,091
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $61,480,995

Grants Awarded

Over the last fiscal year, Nema Foundation Inc has awarded $10,424,922 in support to 34 organizations.

Grant RecipientAmount

GRACE CHURCH OF THE SAN JOAQU

PURPOSE: SUPPORT 501(C)(3) CHARITABLE ORG

$4,802,860

HELPING HANDS MINISTRIES INC

Org PageRecipient Profile

Tallulah Falls, GA

PURPOSE: TO PROVIDE CARE FOR THOSE IN NEED

$1,275,433

NATIONAL CHRISTIAN FOUNDATION

Org PageRecipient Profile

Alpharetta, GA

PURPOSE: SUPPORT 501(C)(3) CHARITABLE ORG

$959,400

RZIM

PURPOSE: SUPPORT 501(C)(3) CHARITABLE ORG

$530,000

IMPACT 360 INSTITUTE INC

PURPOSE: SUPPORT 501(C)(3) CHARITABLE ORG

$404,157

SUFFICIENCY OF SCRIPTURES MIN

PURPOSE: SUPPORT 501(C)(3) CHARITABLE ORG

$400,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Nema Foundation Inc has recieved totaling $25,148,889.

Awarding OrganizationAmount
Helping Hands Ministries Inc

Tallulah Falls, GA

PURPOSE: GIFTS TO 501(C)(3)

$18,816,065
$4,227,738
Servant Foundation

Overland Park, KS

PURPOSE: COMMUNITY DEVELOPMENT

$1,425,000
North Carolina Community Foundation Inc

Raleigh, NC

PURPOSE: PUBLIC & SOCIETAL BENEFIT

$245,943
Lordship Foundation Inc

Cumming, GA

PURPOSE: GIFT TO 501(C)(3) OR

$105,000
Chattanooga Christian Community Foundation

Chattanooga, TN

PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES

$82,000
View Grant Recipient Profile

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