Walter Payne Foundation FY2024 filing

Tax-deductible

Charlottesvle, VA501(c)(3)Foundations & GrantmakersEIN 01-0626611Revenue $508K in FY2024

On file with the IRS915 E High St, 22902-4868 · Charlottesvle, VATax-exempt since Jan 2003Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $373K a year · 57% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$508K
+42% vs prior year
Spent
$297K
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$508K
FY2024▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$106K
FY2021$486K
FY2022$147K
FY2023$358K
FY2024$508K
FY2025$2.3M
Expenses
$297K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$237K
FY2021$262K
FY2022$286K
FY2023$279K
FY2024$297K
FY2025$303K
Net assets
$2.6M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.5M
FY2022$2.3M
FY2023$2.4M
FY2024$2.6M
FY2025$4.5M

From the FY2024 Form 990 (year ending September 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 67% · $200K Operating & administrative 33% · $97K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Walter Payne Foundation executive salaries →

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Programs and updates

A private foundation based in Charlottesvle, VA.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 24 grants · $199K · 2024–2024
Faces Food PantryFY2024$15,000
Lynchburg Daily Bread INCVA · FY2024$13,000
Wolfbane ProductionsVA · FY2024$12,000
Individual RecipientFY2024$10,000
Casa of Central Virginia INCVA · FY2024$10,000
Individual RecipientFY2024$10,000
Appomattox County Community ParkFY2024$10,000
Piedmont Habitat for HumanityFY2024$10,000
Impact Living ServicesVA · FY2024$8,000
HumankindCO · FY2024$8,000
Pregnancy Support CenterFY2024$8,000
Longwood Center for the Visual ArtsFY2024$8,000
Pamplin Vol Fire DepartmentFY2024$8,000
Prospect Vol Fire DepartmentFY2024$8,000
Concord Vol Fire DepartmentFY2024$7,500
See all 24 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV11
Average grantPart XV$8K
Median grantPart XV$8K
Largest grantPart XV$15K
Top cause focusNTEEFood & Agriculture (8%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$508K
Investment income$508K
Other income$72
Money out
$297K
Grants paid$200K
Running costs$97K
Owns and owes
$2.6M
net assets
Cash and savings$63K
Total assets$2.6M
Liabilities$0
2In more detail
Revenue in detail
Investment income$508K
Other income$72
Total revenue$508K
Assets in detailEnd of year
Cash and savings together$63K
Total assets$2.6M
Liabilities$0
Net assets$2.6M
Operations
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$303K$2.0M$4.5M 990 PDF
FY2024 Viewing $508K$297K$211K$2.6M 990 PDF
FY2023 $358K$279K$79K$2.4M 990 PDF
FY2022 $147K$286K−$139K$2.3M 990 PDF
FY2021 $486K$262K$224K$2.5M 990 PDF
FY2020 $106K$237K−$131K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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