Master Provisions Inc
- Assets
- $2.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Florence, KY
- Founding
- 10/1994
- Data as of
- 12/2022
- 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 12/2022, Master Provisions Inc employed 25 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 12/2022, Master Provisions Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $5.5m during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
MASTER PROVISIONS RECEIVES DONATED FOOD AND CLOTHING FROM LOCAL CHURCHES, BUSINESSES, AND INDIVIDUALS TO DISTRIBUTE TO THE LESS FORTUNATE.
990-T SOCIAL ENTERPRISE EXPENSES
MASTER PROVISIONS PARTNERS WITH ORGANIZATIONS WORLD WIDE TO PROVIDE SUPPORT FOR LOCAL CHURCHES.
MASTER PROVISIONS PROVIDES ORPHAN CARE IN UKRAINE AND SUB-SAHARAN AFTRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Turner Board Chairm | Trustee | 1 | $0 |
Kristin Leadingham Board Treasu | Trustee | 1 | $0 |
Krystle Atkins Board Member | Trustee | 1 | $0 |
Olivia Amlung Board Member | Trustee | 1 | $0 |
Kyle Brabender Board Member | Trustee | 1 | $0 |
Nick Kaufman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $340,215 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,136,772 |
| Noncash contributions included in lines 1a–1f | $3,391,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,476,987 |
| Total Program Service Revenue | $647,779 |
| Investment income | $260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,571 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,110,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $193,672 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,330 |
| Compensation of current officers, directors, key employees. | $7,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $885,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $69,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,108 |
| Advertising and promotion | $26,035 |
| Office expenses | $37,250 |
| Information technology | $8,545 |
| Royalties | $0 |
| Occupancy | $14,494 |
| Travel | $10,356 |
| 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 | $134,848 |
| Insurance | $90,504 |
| All other expenses | $173,860 |
| Total functional expenses | $5,462,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,506 |
| Savings and temporary cash investments | $10,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,401 |
| Prepaid expenses and deferred charges | $41,701 |
| Net Land, buildings, and equipment | $1,557,734 |
| Investments—publicly traded securities | $22,044 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,644,014 |
| Accounts payable and accrued expenses | $132,456 |
| 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 | $132,456 |
| Net assets without donor restrictions | $2,296,013 |
| Net assets with donor restrictions | $215,545 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,644,014 |