Provision
- Assets
- $33.8m
- Revenue
- $3.5m
- Investments
- $29.3m
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 91-2090715
Organization Overview
Provision is located in Gig Harbor, WA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Provision is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Provision has awarded 45 individual grants totaling $2,811,303. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Russell Executive Director | 40 | $299,750 | |
Marsha Russell Director | 1 | $0 | |
Chi-Dooh Li Director | 1 | $0 | |
Nick Russell Director | 1 | $0 | |
Carol Lichtenberg Secretary | 12 | $0 | |
Brandon Cooper Operations Director | 40 | $113,396 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
George M Pigott Jr | 12/30/23 | $195,174 |
Scott Wolochec | 12/30/23 | $130,000 |
Roman Brent | 12/30/23 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $670,283 |
| Net Rental Income | -$5,999 |
| Net Gain on Sale of Assets | $2,395,648 |
| Capital Gain Net Income | $2,395,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $425,784 |
| Total Revenue | $3,514,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $299,750 |
| Other employee salaries and wages | $187,451 |
| Pension plans, employee benefits | $133,788 |
| Interest | $0 |
| Taxes | $76,348 |
| Depreciation | $3,157 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $45,192 |
| Printing and publications | $0 |
| Other expenses | $544,804 |
| Total operating and administrative expenses | $1,919,754 |
| Contributions, gifts, grants paid | $377,000 |
| Total expenses and disbursements | $2,296,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,864 |
| Savings and temporary cash investments | $509,356 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,475,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,000 |
| Net Investments - land, buildings, equipment | $119,962 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,808,258 |
| Net Land, buildings, and equipment | $2,101,058 |
| Other assets | $0 |
| Total assets | $33,788,414 |
| Accounts payable and accrued expenses | $37,930 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,930 |
Grants Awarded
Over the last fiscal year, Provision has awarded $377,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ARGOS INTERNATIONAL PURPOSE: DEVELOPMENT WORK IN CENTRAL AMERICA | $85,000 |
BIG HOMIE MINISTRIES INTERNATIONAL PURPOSE: GENERAL OPERATIONS | $50,000 |
ASSOCIATION FOR THE RECOVERY OF CHILDREN PURPOSE: GENERAL SUPPORT | $25,000 |
BREAK POINT PURPOSE: DISCIPLESHIP TRAINING | $15,000 |
CATHOLIC COMMUNITY SERVICES OF WESTERN WASHINGTON PURPOSE: MATT TALBOT CENTER EMERGENCY CLIENT ASSISTANCE & FOOD | $10,000 |
CITY CENTRAL CHURCH PURPOSE: BUILDING PROJECT | $5,500 |