David D And Nona S Payne Foundation Inc
- Assets
- $19.2m
- Revenue
- $2.3m
- Investments
- $6.1m
- Employees
- 0
- Location
- Pampa, TX
- Founding
- 11/1981
- Data as of
- 06/2022
- EIN
- 75-1736339
Organization Overview
David D And Nona S Payne Foundation Inc is located in Pampa, TX. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David D And Nona S Payne Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, David D And Nona S Payne Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Buzzard President | 1 | $0 | |
Rick B Leverich Vice Preside | 0 | $0 | |
Rebecca Holmes Secretary/tr | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $179,387 |
| Dividends & Interest | $125,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $334,311 |
| Capital Gain Net Income | $334,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,709,389 |
| Total Revenue | $2,348,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,830 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $191 |
| Printing and publications | $0 |
| Other expenses | $40,108 |
| Total operating and administrative expenses | $240,890 |
| Contributions, gifts, grants paid | $1,038,430 |
| Total expenses and disbursements | $1,279,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,443 |
| Savings and temporary cash investments | $12,918,300 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,060,346 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $89,642 |
| Total assets | $19,165,731 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |