Jimmy A Payne Family Foundation
Jimmy A Payne Family Foundation consistently operates with minimal liabilities and no officer compensation, often spending more than its annual revenue.
EIN: 113667750 · Scottsdale, AZ · NTEE: T22 · Updated: 2026-03-28
Is Jimmy A Payne Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jimmy A Payne Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jimmy A Payne Family Foundation
Jimmy A Payne Family Foundation (EIN: 113667750) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T22. The organization reported total revenue of $229K and total assets of $527K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jimmy A Payne Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jimmy A Payne Family Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $84K |
| Surplus / Deficit | $-39,003 |
| Total Assets | $582K |
| Total Liabilities | $1 |
| Net Assets | $582K |
| Operating Margin | -86.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 83.2 months |
Financial Health Grade: B
In 2023, Jimmy A Payne Family Foundation reported a deficit of $39K with expenses exceeding revenue, holds 83.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jimmy A Payne Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.2% | +131.0% | -6.2% |
| 2022 | -53.4% | +37.5% | -1.9% |
| 2021 | +44.2% | -41.2% | +4.3% |
| 2020 | -41.5% | -57.6% | -1.4% |
| 2019 | +179.5% | +614.0% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jimmy A Payne Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Jimmy A Payne Family Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's officers or directors do not receive salaries or other compensation, which is a strong positive for minimizing administrative overhead for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Jimmy A Payne Family Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Jimmy A Payne Family Foundation:
- 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.
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) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Jimmy A Payne Family Foundation spend its money?
Jimmy A Payne Family Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jimmy A Payne Family Foundation tax-deductible?
Jimmy A Payne Family Foundation is registered as a tax-exempt nonprofit (EIN: 113667750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific grant-making activities of the Jimmy A Payne Family Foundation?
The provided data does not detail the specific grant recipients or program areas supported by the foundation. Further investigation into the Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the United States) of their Form 990 filings would be necessary to understand their grant-making focus.
How does the foundation cover its expenses when they exceed revenue, as seen in multiple years?
When expenses exceed revenue, as in 2023 ($83,945 expenses vs. $44,942 revenue), the foundation likely draws from its existing asset base to cover the deficit. Its assets have fluctuated but remained substantial, ranging from $465,504 to $632,111 over the past decade, allowing it to absorb these shortfalls.
What is the primary source of the foundation's revenue?
The provided data only lists 'Revenue' in aggregate. For a private foundation, common revenue sources include investment income (interest, dividends, capital gains) and contributions. A detailed breakdown would require examining the specific revenue lines on their Form 990.
Filing History
IRS 990 filing history for Jimmy A Payne Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jimmy A Payne Family Foundation's revenue has grown by 2.4%, moving from $44K to $45K. Total assets increased by 20.7% over the same period, from $482K to $582K. Total functional expenses rose by 144.4%, from $34K to $84K. In its most recent filing year (2023), Jimmy A Payne Family Foundation reported a deficit of $39K, with expenses exceeding revenue. The organization holds $1 in liabilities against $582K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $582K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $84K | $582K | $1 | — | — |
| 2022 | $25K | $36K | $620K | $1 | — | View 990 |
| 2021 | $53K | $26K | $632K | $1 | — | — |
| 2020 | $37K | $45K | $606K | $1 | — | View 990 |
| 2019 | $62K | $106K | $614K | $1 | — | View 990 |
| 2015 | $22K | $15K | $550K | $1 | — | View 990 |
| 2014 | $53K | $10K | $508K | $1 | — | View 990 |
| 2013 | $86K | $90K | $466K | $1 | — | View 990 |
| 2012 | $22K | $36K | $468K | $1 | — | View 990 |
| 2011 | $44K | $34K | $482K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $84K, and assets of $582K (revenue +83.2% year-over-year).
- 2022: Revenue of $25K, expenses of $36K, and assets of $620K (revenue -53.4% year-over-year).
- 2021: Revenue of $53K, expenses of $26K, and assets of $632K (revenue +44.2% year-over-year).
- 2020: Revenue of $37K, expenses of $45K, and assets of $606K (revenue -41.5% year-over-year).
- 2019: Revenue of $62K, expenses of $106K, and assets of $614K (revenue +179.5% year-over-year).
- 2015: Revenue of $22K, expenses of $15K, and assets of $550K (revenue -57.6% year-over-year).
- 2014: Revenue of $53K, expenses of $10K, and assets of $508K (revenue -38.8% year-over-year).
- 2013: Revenue of $86K, expenses of $90K, and assets of $466K (revenue +293.6% year-over-year).
- 2012: Revenue of $22K, expenses of $36K, and assets of $468K (revenue -50.2% year-over-year).
- 2011: Revenue of $44K, expenses of $34K, and assets of $482K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jimmy A Payne Family Foundation:
Data Sources and Methodology
This transparency report for Jimmy A Payne Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.