Master Provisions Inc
- Assets
- $1.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Florence, KY
- Founding
- 10/1994
- Data as of
- 12/2020
- EIN
- 61-1262540
Organization Overview
Master Provisions Inc is located in Florence, KY. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Master Provisions Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Master Provisions 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 12/2020, Master Provisions Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $4.6m during the year ending 12/2020. While expenses have increased by 27.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MASTER PROVISIONS, INC SERVES GOD BY CONNECTING RESOURCES TO NEEDS WHILE UPLIFITING ONE SOUL AT A TIME FOR ALL GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASTER PROVISIONS RECEIVES DONATED FOOD AND CLOTHING FROM LOCAL CHURCHES, BUSINESSES, AND INDIVIDUALS TO DISTRIBUTE TO THE LESS FORTUNATE.
MASTER PROVISIONS PARTNERS WITH ORGANIZATIONS WORLD WIDE TO PROVIDE SUPPORT FOR LOCAL CHURCHES.
MASTER PROVISIONS PROVIDES ORPHAN CARE IN UKRAINE AND SUB-SAHARAN AFTRICA.
990-T SOCIAL ENTERPRISE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Babik President | Officer | 40 | $97,915 |
Kristin Leadingham Board Treasu | Trustee | 1 | $0 |
Michelle Lorms Board Member | Trustee | 1 | $0 |
Jim Mccarville Board Member | Trustee | 1 | $0 |
Krystle Adkins Board Member | Trustee | 1 | $0 |
Monty Taylor Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,685,523 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,708,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $67,744 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $588,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,674 |
| Fees for services: Management | $17,399 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,020 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,988 |
| Office expenses | $33,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,976 |
| Insurance | $57,547 |
| All other expenses | $0 |
| Total functional expenses | $4,553,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,260 |
| Prepaid expenses and deferred charges | $15,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,598,802 |
| Accounts payable and accrued expenses | $96,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,883 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,501,919 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Master Provisions Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
George And Mary Jo Budig Family Foundation Fort Mitchell, KY PURPOSE: GENERAL OPERATIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Valley Health Care Inc Mill Creek, WV | $12,122,859 | $14,871,772 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Mareda Inc Toledo, OH | $0 | $769,242 |