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← PAY AWAY THE LAYAWAY INC

Form 990 for tax year 2023

Filed by PAY AWAY THE LAYAWAY INC.

Totals

Total revenue
$225,531
Total expenses
$314,241
Contributions and grants received
$207,812
Grants paid
$122,126
Program service revenue
$0
Investment income
$17,719
Other revenue
$0
Total assets, end of year
$554,879
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$554,879
Program services expenses (Part IX)
$149,302
Management and general expenses
$83,844
Fundraising expenses
$81,095
Program service expenses (Part III)
$149,302

Program services were 47.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $207,812

  • 3 · Investment income

    total $17,719 · related or exempt $17,719

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $122,126 · program services $122,126

  • 11a · Fees: management

    total $76,667 · management and general $76,667

  • 11g · Fees: other

    total $23,333 · program services $23,333

  • 13 · Office expenses

    total $697 · management and general $697

  • 14 · Information technology

    total $4,173 · fundraising $4,173

  • 17 · Travel

    total $2,286 · program services $2,286

  • 24a · Other expenses: DIGITAL AND SOCIAL MEDI

    total $14,264 · fundraising $14,264

  • 24b · Other expenses: FUNDRAISING TOOLS & SUB

    total $13,299 · fundraising $13,299

  • 24c · Other expenses: PR & MEDIA RELATIONS

    total $9,435 · fundraising $9,435

  • 24d · Other expenses: SOCIAL MEDIA CONTENT WR

    total $9,000 · fundraising $9,000

  • 24e · All other expenses

    total $38,961 · program services $1,557 · management and general $6,480 · fundraising $30,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $643,589 · end of year $554,879

  • 27 · Net assets without donor restrictions

    beginning of year $643,589 · end of year $554,879

Mission and programs · 2023

Mission

TO SPREAD JOY AND KINDNESS BY PAYING OFF LAY AWAY BALANCES OF INDIVIDUALS IN NEED.

  • WE PARTNER WITH MAJOR RETAILERS TO PAY OFF LAYAWAY BALANCES NATIONWIDE. BY HELPING FAMILIES AND CHILDREN DURING THE HOLIDAYS AND WITH BACK-TO-SCHOOL SUPPORT, PAY AWAY THE LAYAWAY INC. NOT ONLY CEASES FINANCIAL BURDENS, BUT ALSO SPREADS JOY AND HOPE.

    Expenses $149,302 · Grants $122,126

As filed on the 2023 return.

Listed in Part VII

  • Lee Karchawer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Robert Karchawer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Steve Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ian Bell

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Eric Schwartz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2025
IRS schema version
2023v6.0
Source object
202521919349300537

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