philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Larry Payne Foundation FY2020 filing

Tax-deductible

Hattiesburg, MS501(c)(3)Since 1990 EIN 64-0782340Revenue $111K in FY2020Latest return filed Jun 8, 2026

On file with the IRS91 Bridgewater Dr, 39402-8364 · Hattiesburg, MSTax-exempt since Jul 1990Supporting organization — 509(a)(3)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

TO MAKE CONTRIBUTIONS FOR THE BENEFIT OF ANY 501(3)(c) SCHOOL

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $68K a year · 29% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$111K
Spent
$106K
To programs
97%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$111K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$111K
FY2021$243K
FY2022$108K
FY2023$309K
FY2024$369K
FY2025$268K
Expenses
$106K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$106K
FY2021$160K
FY2022$225K
FY2023$215K
FY2024$494K
FY2025$618K
Net assets
$3.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.6M
FY2022$3.9M
FY2023$4.0M
FY2024$3.9M
FY2025$3.5M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Jul 1990.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $104K Management & general 3% · $3K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Larry Payne
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Liz Payne
Director
$0Pt VII · Sec A
See The Larry Payne Foundation executive salaries →

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

Provides financial support to schools.

Questions for The Larry Payne Foundation

Tap to ask. The Larry Payne Foundation sees how many people are interested.

Your first name shows with your question. The Larry Payne Foundation answers here, for everyone.

1 program · $104K · in their own filed words · FY2020
01

All contributions are made for the benefit of the university of southern MS, university of MS, MS college and louisiana state univerity, and various other state supported institutions.

$104Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 19 grants · $577K · 2020–2025
University of Southern Mississippi FoundationMS · FY2025$149,260
Univ of Ms MedicalFY2025$92,742
Francis Marion University Education FoundationSC · FY2025$37,257
St Andrews Episcopal Day SchoolMS · FY2025$36,488
Sacred Heart Catholic SchoolMS · FY2025$10,125
Board of the University of AlabamaAL · FY2025$8,200
Jones CollegeFY2025$5,931
University of MississippiMS · FY2025$5,612
Ms Gulf Coast Community CollegeFY2025$5,430
University of Southern Mississippi FoundationMS · FY2021$36,885
Univ of Ms MedicalFY2021$23,144
Regents of the University of CaliforniaCA · FY2021$17,335
Mariners ChurchCA · FY2021$15,024
University of MississippiMS · FY2021$12,316
Lamar School FoundationMS · FY2021$9,872
Board of the University of AlabamaAL · FY2021$7,228
Foundation for Indiana University of PennsylvaniaPA · FY2021$5,179
University of Southern Mississippi FoundationMS · FY2020$76,672
See all 19 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$111K
Ln 12
Investment incomeLn 3$111K
Money outPt IX
$106K
Ln 25
Programscol B$104K
Managementcol C$3K
Owns and owesPt X
$3.5M
net assets · Ln 32
Total assetsLn 16$3.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$111K
Gains on assetsLn 7$39K
Total revenueLn 12$111K
Assets in detailPt X, end of year
InvestmentsLn 11–13$3.5M
Total assetsLn 16$3.5M
LiabilitiesLn 26$0
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
InvestmentsLn 11–13$3.5M$3.5M
Total assetsLn 16$3.5M$3.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.5M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$104K$104K
Accounting feesLn 11c$750$0$750$0
Other expenses (24a–d)Ln 24$2K$0$2K$0
Total functional expensesLn 25$106K$104K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 8, 2026 $268K$618K−$350K$3.5M 990 PDF
FY2024Filed with the IRS Jun 9, 2025 $369K$494K−$125K$3.9M 990 PDF
FY2023Filed with the IRS Oct 3, 2024 $309K$215K$94K$4.0M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $108K$225K−$116K$3.9M 990 PDF
FY2021Filed with the IRS Jul 30, 2022 $243K$160K$83K$3.6M 990 PDF
FY2020 ViewingFiled with the IRS Oct 11, 2021 $111K$106K$5K$3.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $110,813 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $121,233$110,813
I-11 Other revenue$0
I-12 Total revenuePrior year $121,233$110,813
I-13 Grants and similar amounts paidPrior year $95,479$103,612
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,376$2,685
I-18 Total expensesPrior year $99,855$106,297
I-19 Revenue less expensesPrior year $21,378$4,516
Part VI · Governance 2 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $110,813 across 3 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $72,106$72,106
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $38,707$38,707
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $110,813$110,813
Part IX · Statement of functional expenses $106,297 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $103,612$103,612
IX-11c Accounting feesPrograms $0 · Management $750 · Fundraising $0$750
IX-24 Other expenses (24a–d)Programs $0 · Management $1,935 · Fundraising $0$1,935
IX-25 Total functional expensesPrograms $103,612 · Management $2,685 · Fundraising $0$106,297
Part X · Balance sheet $3,524,718 assets, 5 lines filed
X-11 Publicly traded securitiesStart of year $3,520,202$3,524,718
X-16 Total assetsStart of year $3,520,202$3,524,718
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,520,202$3,524,718
X-33 Total liabilities and net assetsStart of year $3,520,202$3,524,718
Part XI · Reconciliation of net assets $3,524,718 net assets at year end
XI-1 Total revenue$110,813
XI-2 Total expenses$106,297
XI-3 Revenue less expenses$4,516
XI-4 Net assets at start of year$3,520,202
XI-10 Net assets at end of year$3,524,718

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.