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Peyback Foundation INC

Tax-deductible

Independence, OH501(c)(3)Foundations & Grantmakers EIN 34-1882628Revenue $663K in FY2024

On file with the IRSpeytonmanning.com6050 Oak Tree Blvd Ste 500, 44131-6951 · Independence, OHTax-exempt since Feb 1999Publicly supported charity — 170(b)(1)(A)(vi)

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To promote the future success of disadvantaged youth by assisting programs that provide the necessary leadership and growth opportunities for youth who are at risk.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $192K a year · 19% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $4.8M in investments, Pt X · Ln 11–13
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $750
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$663K
-4% vs prior year
Spent
$528K
To programs
93%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$663K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$763K
FY2021$1.9M
FY2022$1.2M
FY2023$691K
FY2024$663K
Expenses
$528K
FY2024▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$1.2M
FY2023$669K
FY2024$528K
Net assets
$4.9M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$4.8M
FY2022$4.8M
FY2023$4.8M
FY2024$4.9M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1999.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $492K Management & general 7% · $36K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Peyton Manning
President/Trustee
$0Pt VII · Sec A
Archie Manning
Treas/Sec/Trustee
$0Pt VII · Sec A
John Palguta
Assist Sec/Trustee
$0Pt VII · Sec A
Ashley Manning
Vice President
$0Pt VII · Sec A
See Peyback Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports programs offering leadership and growth opportunities to at-risk youth for their future success.

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Provided by the organization

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3 programs · $492K · in their own filed words · FY2024
01

Grant Program

Grants made to dozens of organizations described in irc section 501 (c) (3) which involve programs that provide necessary leadership and growth opportunities for youth at risk

$320Kprogram expense
02

Holiday Happenings Program

Thanksgiving and holiday parties sponsored for vast numbers of children involved with organizations in the indianapolis, new orleans, denver and knoxville areas that provide the necessary leadership and growth opportunities for youth at risk

$96Kprogram expense
03

Ticket Incentive Program

Allows disadvantaged youth the opportunity to attend denver broncos and indianapolis colts home games throughout the NFL season, as well as university of tennessee football games. The foundation purchases blocks of tickets to each home game to allow as many children as possible to see the denver broncos, indianapolis colts and university…

$76Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Arthur Venneri FoundationFY2024$750
Total grants receivedfrom 1 funder$750
Grants paid · 208 grants · $5.3M · 2020–2024
The Coalition for Kids INCTN · FY2024$20,000
A Sanctuary for Military Families INCCO · FY2024$20,000
The Independence Fund INCNC · FY2024$15,000
Navy Seal Foundation INCVA · FY2024$15,000
Big Brothers Big Sisters of Southwest Louisiana INCLA · FY2024$10,000
Mi Casa Resource CenterCO · FY2024$10,000
Lucky to RideCO · FY2024$10,000
Colorado Sports Hall of Fame INCCO · FY2024$10,000
Make-A-Wish Foundation of Colorado INCCO · FY2024$10,000
Cottonwood InstituteCO · FY2024$10,000
A Kid Again INCOH · FY2024$10,000
Childrens Literacy Center INCCO · FY2024$10,000
Boys and Girls Clubs of Pueblo CountyCO · FY2024$10,000
Art Students League of DenverCO · FY2024$10,000
A Precious Child INCCO · FY2024$10,000
Young Womens Christian Association of Northwest Louisiana INCLA · FY2024$10,000
Youth Rebuilding New OrleansLA · FY2024$10,000
Start the Adventure in Reading INCLA · FY2024$10,000
See all 208 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$663K
Ln 12
Gifts and grantsLn 1h$417K
Investment incomeLn 3$245K
Money outPt IX
$528K
Ln 25
Programscol B$492K
Managementcol C$36K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Investment incomeLn 3$245K
Gains on assetsLn 7$87K
Total revenueLn 12$663K
Assets in detailPt X, end of year
SavingsLn 2$163K
Cash and savings togetherLn 1–2$163K
InvestmentsLn 11–13$4.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$4K
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$209K$163K
InvestmentsLn 11–13$4.6M$4.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$4.8M$4.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.8M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$320K$320K
Investment management feesLn 11f$27K$27K
Office expensesLn 13$2K$2K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$173K$172K$2K
Total functional expensesLn 25$528K$492K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $663K$528K$135K$4.9M 990 PDF
FY2023 $691K$669K$22K$4.8M 990 PDF
FY2022 $1.2M$1.2M−$24K$4.8M 990 PDF
FY2021 $1.9M$1.8M$25K$4.8M 990 PDF
FY2020 $763K$1.9M−$1.1M$4.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $662,548 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $426,486$417,377
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $257,873$245,171
I-11 Other revenuePrior year $6,193$0
I-12 Total revenuePrior year $690,552$662,548
I-13 Grants and similar amounts paidPrior year $485,000$320,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $183,628$207,641
I-18 Total expensesPrior year $668,628$527,641
I-19 Revenue less expensesPrior year $21,924$134,907
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $662,548 across 5 lines filed
VIII-1f All other contributions, gifts and grants$417,377
VIII-1h Total contributions, gifts and grants$417,377
VIII-3 Investment incomeExcluded from tax $158,584$158,584
VIII-7 Net gain or loss on sales of assetsRelated to mission $86,587$86,587
VIII-12 Total revenueRelated to mission $86,587 · Unrelated business $0 · Excluded from tax $158,584$662,548
Part IX · Statement of functional expenses $527,641 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $320,000$320,000
IX-11f Investment management feesManagement $27,312$27,312
IX-13 Office expensesManagement $1,661$1,661
IX-23 InsuranceManagement $5,350$5,350
IX-24 Other expenses (24a–d)Programs $171,509 · Management $1,809$173,318
IX-25 Total functional expensesPrograms $491,509 · Management $36,132 · Fundraising $0$527,641
Part X · Balance sheet $4,925,347 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $209,429$163,197
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $4,577,101$4,758,099
X-15 Other assetsStart of year $3,910$4,051
X-16 Total assetsStart of year $4,790,440$4,925,347
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,790,440$4,925,347
X-33 Total liabilities and net assetsStart of year $4,790,440$4,925,347
Part XI · Reconciliation of net assets $4,925,347 net assets at year end
XI-1 Total revenue$662,548
XI-2 Total expenses$527,641
XI-3 Revenue less expenses$134,907
XI-4 Net assets at start of year$4,790,440
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,925,347

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

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