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Nonprofiteer
← THE LARRY PAYNE FOUNDATION

Form 990 for tax year 2022

Filed by THE LARRY PAYNE FOUNDATION.

Totals

Total revenue
$108,432
Total expenses
$224,704
Contributions and grants received
$750
Grants paid
$187,402
Program service revenue
$0
Investment income
$107,682
Other revenue
$0
Total assets, end of year
$3,906,094
Total liabilities, end of year
$9,512
Net assets or fund balances, end of year
$3,896,582
Program services expenses (Part IX)
$187,402
Management and general expenses
$37,302
Fundraising expenses
$0
Program service expenses (Part III)
$187,402

Program services were 83.4% 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

    $750

  • 3 · Investment income

    total $97,769 · unrelated business $0 · excluded $97,769

  • 7a · Gross sales of assets other than inventory

    securities $628,768

  • 7b · Less cost or other basis and sales expenses

    securities $618,855

  • 7c · Gain or loss

    securities $9,913

  • 7d · Net gain or loss

    total $9,913 · related or exempt $0 · unrelated business $0 · excluded $9,913

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $187,402 · program services $187,402

  • 11c · Fees: accounting

    total $750 · program services $0 · management and general $750 · fundraising $0

  • 11f · Fees: investment management

    total $16,385 · program services $0 · management and general $16,385 · fundraising $0

  • 17 · Travel

    total $2,335 · program services $0 · management and general $2,335 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $15,708 · program services $0 · management and general $15,708 · fundraising $0

  • 24a · Other expenses: FOREIGN TAXES W/H

    total $2,124 · program services $0 · management and general $2,124 · fundraising $0

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $49,087

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,525

  • 10c · Land, buildings and equipment, net

    beginning of year $39,270 · end of year $23,562

  • 11 · Investments: publicly traded securities

    beginning of year $3,568,055 · end of year $3,882,532

  • 19 · Deferred revenue

    end of year $9,512

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,607,325 · end of year $3,896,582

Mission and programs · 2022

Mission

TO MAKE CONTRIBUTIONS FOR THE BENEFIT OF ANY 501(3)(c) SCHOOL

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $187,402 · Grants $187,402

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Elizabeth Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Robert Jackson Sr Atty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • James L Payne Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349306036

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