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Nema Foundation

Also known as Dba Provisionbridge

Sarasota, FL · EIN 27-4357830 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Nema Foundation reported $30.5 million in revenue and $29.0 million in expenses for calendar year 2024. Of every $100 it spent, $99.77 went to program services, $0.23 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.7% of the total. The highest compensation it reported for one person was $175,000 (DIRECTOR/PRE). Revenue rose 220% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $29M

Program services$99.77 $29M
Management & general$0.23 $66,847
Fundraising$0.00 $0

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $30M

Contributions & grants (non-government)$96.71 $29M
Investment income$3.29 $1.0M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	99.8%	90.2%
Management & general Part IX 25(C) ÷ 25(A)	0.2%	6.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	1.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.02
Contributions & grants share of revenue Part VIII 1h ÷ 12	96.7%	79.9%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	0.0%	0.0%
Highest reported compensation Part VII-A, columns D–F	$175,000	$325,675
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.60%	1.56%
People paid over $100,000 Part VII, line 2	Not reported	3
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	13.5	56.6
Independent voting board members Part VI 1a–1b	6 of 6	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$29M expenses · 100.0% of program spending · grants $29M

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

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
DIRECTOR/PRE Director/trustee, 10.00 hrs/week	$0	$175,000	$0	$175,000
DIRECTOR/SEC Director/trustee, officer, 40.00 hrs/week	$54,000	$0	$0	$54,000

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$30M	$29M	99.8%	$33M	$175,000
2023 ⓘ	$22M	$26M	99.7%	$30M	$54,685
2022 ⓘ	$23M	$29M	99.7%	$34M	$54,000
2021 ⓘ	$61M	$44M	99.8%	$41M	$54,500
2020 ⓘ	$21M	$9.8M	99.6%	$24M	$54,000
2019 ⓘ	$9.5M	$5.2M	99.5%	$12M	$53,000

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
Audited financial statements Part XII 2bNo
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14No
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2Yes
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 53

Correct a figure or respond

Every number above is copied from Nema Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nema Foundation, you can publish a response that is linked from this page.

Report a correction Respond as Nema Foundation How this works

Similar-sized charities in this cause

University of Central Florida Research Foundation
Orlando, FL · revenue $30M · programs 94.8% · FY2025
Virginia Institute of Autism
Charlottesville, VA · revenue $31M · programs 92.2% · FY2025
Montana Community Foundation
Helena, MT · revenue $30M · programs 68.4% · FY2025
Dayton Foundation Plus
Dayton, OH · revenue $31M · programs 96.9% · FY2025
Amg Charitable Gift Foundation
Greenwood Village, CO · revenue $30M · programs 100.0% · 2024

All philanthropy, voluntarism & grantmaking charities · Largest charities in Florida

Questions people ask

How much of Nema Foundation's spending goes to programs?

In calendar year 2024, Nema Foundation reported that 99.8% of its $29.0 million in expenses went to program services, 0.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Nema Foundation pay its top executive?

The largest total compensation Nema Foundation reported for one person in calendar year 2024 was $175,000, for the role of DIRECTOR/PRE (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Nema Foundation get its money?

Of $30.5 million in revenue in calendar year 2024, 96.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Nema Foundation a registered charity?

The IRS lists EIN 27-4357830 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202513219349313836 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202521219349301957 · read the filing
2022: Form 990 for calendar year 2022, object 202303199349324615 · read the filing
2021: Form 990 for calendar year 2021, object 202233199349331728 · read the filing
2020: Form 990 for calendar year 2020, object 202123199349329287 · read the filing
2019: Form 990 for calendar year 2019, object 202013219349305686 · read the filing

All filings for EIN 27-4357830: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.