Nema Foundation Inc
100% goes to programs $0 to raise $100 Strong reserves Declining revenue
Nema Foundation Inc is a 501(c)(3) organization based in Sarasota, Florida, registered in 2011, with $30,496,474 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
1859 Northgate Blvd, Sarasota, FL, 34234 EIN 27-4357830 Since 2011
Revenue (FY2024)
$30.5M
▲ 36.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$29.0M
Net assets
$32.6M
Employees
3
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Nema Foundation Inc: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nema Foundation Inc: 13 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Nema Foundation Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nema Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
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.
Contact & location
- Address
- 1859 Northgate Blvd, Sarasota, FL, 34234
- City
- Sarasota
- State
- Florida
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $7.5M (FY2013) to $30.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4,648Net assets $32.6M
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$32.6M
Total liabilities
$4,648
Net assets
$32.6M
Salaries & benefits
$176K
1% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $30,496,474▲36.3% | $28,964,351▲9.5% | $32,576,821▲7.2% | $32,581,469▲7.2% | 990 |
| 2023 | $22,374,951▼0.8% | $26,451,661▼8.6% | $30,388,458▼9.8% | $30,390,457▼9.9% | 990 |
| 2022 | $22,559,102▼63.3% | $28,947,826▼34.9% | $33,690,955▼17.5% | $33,716,025▼17.5% | 990 |
| 2021 | $61,480,995▲188% | $44,480,279▲354% | $40,850,508▲71.2% | $40,863,488▲71.1% | 990 |
| 2020 | $21,383,446▲125% | $9,802,898▲87.9% | $23,867,676▲91.7% | $23,883,894▲91.7% | 990 |
| 2019 | $9,519,216▲29.9% | $5,217,911▲0.4% | $12,452,917▲51.7% | $12,461,125▲51.7% | 990 |
| 2018 | $7,327,461▲13.6% | $5,195,796▼26.4% | $8,208,888▲31.8% | $8,214,112▲31.7% | 990 |
| 2017 | $6,450,631▼46.2% | $7,061,753▼38.4% | $6,227,677▼8.2% | $6,235,403▼8.1% | 990 |
| 2016 | $11,981,429▲58.3% | $11,455,440▲74.0% | $6,786,768▲8.9% | $6,786,768▲8.7% | 990 |
| 2015 | $7,570,647▼38.0% | $6,581,957▼37.6% | $6,233,927▲18.4% | $6,243,023▲18.3% | 990 |
| 2014 | $12,213,612▲63.9% | $10,551,459▲48.7% | $5,266,362▲45.8% | $5,275,312▲40.3% | 990 |
| 2013 | $7,451,555 | $7,094,912▲31.0% | $3,613,138▲11.6% | $3,761,332▲16.2% | 990 |
| 2012 | — | $5,417,693▲23063% | $3,236,495▲126% | $3,237,078▲126% | 990 |
| 2011 | — | $23,389 | $1,431,374 | $1,433,702 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Cheryl Green — $54,000 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cheryl Green | Director/sec | 40 | $54,000 |
| Andy Russell | Director | — | — |
| Bryan Green | Director/pre | 10 | — |
| Jeff Whitlock | Director | — | — |
| Salvatore Pellegrino | Director | — | — |
| Scott Merritt | Director/tre | 1 | — |
Grants received · $30.8M total
81 grants to Nema Foundation Inc totaling $30.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Giving and generosity | 2024 | $2,952,782 |
| American Endowment Foundation | Philanthropy | 2024 | $105,000 |
| Greater Horizons | Public, societal benefit | 2024 | $55,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $50,000 |
| Christian Community Foundation Inc | General support | 2024 | $49,000 |
| Impact Investing Charitable Foundation Inc | Humanitarian help | 2024 | $35,000 |
| Impactassets Inc | General support | 2024 | $30,000 |
| The Community Foundation For Greater Atlanta Inc | Religion related | 2024 | $20,000 |
| Giveclear Foundation | Program support | 2024 | $15,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $8,370 |
| Greater Kansas City Community Foundation | Public, societal benefit | 2024 | $5,400 |
| National Christian Charitable Foundation | Growth | 2023 | $2,381,831 |
| American Endowment Foundation | Philanthropy | 2023 | $140,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $138,950 |
| Christian Community Foundation Inc | General support | 2023 | $130,500 |
Grants made · $28.2M in FY2024
1 grant totaling $28.2M in FY2024. All grants made by Nema Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached | Support 501(c)(3) ch | $28,160,129 |
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Frequently asked questions
- Is Nema Foundation Inc a legitimate nonprofit?
- Yes. Nema Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-4357830, based in Sarasota, Florida. Donations are tax-deductible.
- What is Nema Foundation Inc's EIN?
- Nema Foundation Inc's Employer Identification Number (EIN) is 27-4357830.
- How much revenue does Nema Foundation Inc report?
- Nema Foundation Inc reported $30,496,474 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Nema Foundation Inc's spending goes to programs?
- Nema Foundation Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Nema Foundation Inc have?
- CharityIndex grades Nema Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Nema Foundation Inc's highest-paid employee make?
- The highest reported compensation on Nema Foundation Inc's latest Form 990 is $54,000, paid to Cheryl Green (Director/sec).
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Data for Nema Foundation Inc (EIN 27-4357830) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.