PROVIDENCE INITIATIVES FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: PROVIDENCE INITIATIVES FOUNDATION INC (EIN 85-2664360)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-10-30
IRS object ID: 202433049349101218
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-10-30T17:07:13-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	450491842	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BLANKENSHIP CPA GROUP PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	101 WINNERS CIRCLE	AddressLine1Txt
City	BRENTWOOD	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37027	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	852664360	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PROVIDENCE INITIATIVES FOUNDATION	BusinessNameLine1Txt
Business Name Line2	INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	PROV	BusinessNameControlTxt
Phone	3525910544	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8549 NW 130TH STREET	AddressLine1Txt
City	REDDICK	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32686	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	TERESA R HELMS	PersonNm
Person Title	VICE PRESIDENT	PersonTitleTxt
Phone	3525910544	PhoneNum
Signature	2024-10-29	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CASSIE BENSON CPA	PreparerPersonNm
PTIN	P01242398	PTIN
Phone	6153733771	PhoneNum
Preparation	2024-10-29	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,799,914	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$6	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$6	InterestOnSavNetInvstIncmAmt
Total Rev And Expnss	$1,799,920	TotalRevAndExpnssAmt
Total Net Invst Incm	$6	TotalNetInvstIncmAmt
Taxes Rev And Expnss	$61	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$61	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,770,881	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,770,881	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,770,942	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,770,881	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$28,978	ExcessRevenueOverExpensesAmt
Net Investment Income	$6	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$28,978	CashEOYAmt
Total Assets EOY	$28,978	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY	$28,978	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY	$28,978	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$0	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$28,978	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Excess Revenue Over Expenses	$28,978	ExcessRevenueOverExpensesAmt
Subtotal	$28,978	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$28,978	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx	$7,264	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$7,264	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$7,264	OverpaymentAmt
Applied To ES Tax	$0	AppliedToESTaxAmt
Refund	$7,264	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	RICHARD HOLLIS HELMS	IndividualWithBooksNm
Phone	3525910544	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	8549 NW 130TH ST	AddressLine1Txt
City	REDDICK	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32686	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
RICHARD HOLLIS HELMS
8549 NW 130TH ST	REDDICK	FL	32686	PRESIDENT	1.00	$0	$0	$0
TERESA R HELMS
8549 NW 130TH ST	REDDICK	FL	32686	VICE PRESIDE	0.50	$0	$0	$0
ALEXANDER HELMS
8549 NW 130TH ST	REDDICK	FL	32686	TREASURER	0.50	$0	$0	$0
LINDSAY R HELMS
8549 NW 130TH ST	REDDICK	FL	32686	SECRETARY	0.50	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$9,542	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$9,542	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$9,542	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$143	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$9,399	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$470	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$470	MinimumInvestmentReturnAmt
Distributable Before Adj	$470	DistributableBeforeAdjAmt
Distributable Before Ded	$470	DistributableBeforeDedAmt
Distributable As Adjusted	$470	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,770,881	ExpensesAndContributionsAmt
Qualifying Distributions	$1,770,881	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$470	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3	$903,593	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$2,082,314	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$4,170,486	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$7,156,393	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,770,881	QualifyingDistributionsAmt
Applied To Current Year	$470	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,770,411	RemainingDistriFromCorpusAmt
Total Corpus	$8,926,804	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$8,926,804	ExcessDistriCyovToNextYrAmt
Excess From Year3	$903,593	ExcessFromYear3Amt
Excess From Year2	$2,082,314	ExcessFromYear2Amt
Excess From Year1	$4,170,486	ExcessFromYear1Amt
Excess From Current Year	$1,770,411	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	RICHARD H HELMS	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NEURODEGENERATIVE DISEASE RESEARCH	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	15471 NW 112TH AVENUE	AddressLine1Txt
City	REDDICK	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32686	ZIPCd

Field	Value	IRS element (for citing)
Recipient Foundation Status	PC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	MEDICAL RESEARCH	GrantOrContributionPurposeTxt
Amt	$1,770,881	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,770,881	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$6	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$6	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$6	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	RICHARD H HELMS	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	8549 NW 130TH ST	AddressLine1Txt
City	REDDICK	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32686	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,799,914	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	STATE TAXES	CategoryTxt
Amt	$61	Amt

Comments