Quick charity verification for Jimmy A Payne Family Foundation (EIN: 113667750)
Verdict: Jimmy A Payne Family Foundation appears trustworthy
75/100Mission Score
$229KRevenue
$527KAssets
2Red Flags
4Strengths
Red Flags
Expenses frequently exceed annual revenue, potentially drawing down assets over time (e.g., 2023: $83,945 expenses vs. $44,942 revenue).
Lack of detailed expense breakdown in provided data makes it difficult to assess program efficiency precisely.
Strengths
Consistent reporting of $0 officer compensation, indicating low administrative burden related to executive pay.
Maintains minimal liabilities ($1 across all filings), suggesting strong financial stability and no significant debt.
Consistent filing of IRS Form 990s over ten periods demonstrates good transparency.
Stable asset base, generally above $500,000, provides a buffer for operations and grant-making.
Spending Breakdown
How Jimmy A Payne Family Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Jimmy A Payne Family Foundation
Is Jimmy A Payne Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jimmy A Payne Family Foundation (EIN: 113667750) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Jimmy A Payne Family Foundation a good charity to donate to?
Jimmy A Payne Family Foundation has a Mission Score of 75/100. Revenue: $229K. Assets: $527K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jimmy A Payne Family Foundation?
The Employer Identification Number (EIN) for Jimmy A Payne Family Foundation is 113667750. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Jimmy A Payne Family Foundation spend its money?
Jimmy A Payne Family Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jimmy A Payne Family Foundation's tax-exempt status?
You can verify Jimmy A Payne Family Foundation's tax-exempt status using EIN 113667750 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Jimmy A Payne Family Foundation operates as a private foundation, which typically means its primary activity is making grants rather than direct program services. Its financial health shows a pattern of fluctuating revenues and expenses, with assets generally stable around the $500,000 to $600,000 range over the past decade. For instance, in 2023, the foundation reported revenues of $44,942 against expenses of $83,945, indicating spending exceeded income. This trend of expenses often surpassing revenue is visible in multiple years, such as 2022 ($24,535 revenue vs. $36,334 expenses) and 2019 ($62,418 revenue vs. $106,052 expenses).
Spending efficiency for a private foundation is often measured by its grant-making activity relative to its administrative costs. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the efficiency of its grant distribution versus operational overhead. However, the consistent reporting of $0 in officer compensation across all filings suggests a lean operational structure regarding executive pay, which is a positive indicator for minimizing administrative burden.
Transparency is generally good, as evidenced by its consistent filing of IRS Form 990s over ten periods. The public availability of these filings allows for scrutiny of its financial activities. The minimal liabilities reported ($1 across all periods) also suggests a financially stable and straightforward operational model, free from significant debt.