Pay IT Forward Foundation INC

Pittsburgh, PAUnknown exempt organizationEIN 85-0602776

See part III, line 1.

94¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $207K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
11
named funders · $693K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$668
-100% vs prior year
Spent
$2.5M
To programs
94%
Net assets
$0
By yearFY2020–FY2023
Revenue
$668
FY2023▼ -100%
Revenue by fiscal year
FY2020$18.8M
FY2021$29.7M
FY2022$446K
FY2023$668
Expenses
$2.5M
FY2023▼ -73%
Expenses by fiscal year
FY2020$5.1M
FY2021$31.1M
FY2022$9.4M
FY2023$2.5M
Net assets
$0
FY2023▼ -100%
Net assets by fiscal year
FY2020$13.7M
FY2021$11.9M
FY2022$2.9M
FY2023$0

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CPay IT Forward Foundation INC
EINHdr · item D85-0602776
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CPittsburgh, PA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jva30dayfund.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$2.4M
Management & general6%$143K
Total functional expensesLn 25$2.5M

Financial health

Is it on solid ground?

Surplus margin
-378075%
revenue over expenses, this year▼ -18719% vs prior filing year
Program spending
94%
of expenses reach programs▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$0
FY2023▼ -100%
Total assets by fiscal year
FY2020$13.7M
FY2021$11.9M
FY2022$3.0M
FY2023$0
Total liabilities
$0
FY2023▼ -100%
Total liabilities by fiscal year
FY2020$0
FY2021$16K
FY2022$23K
FY2023$0
Revenue less expensesPt I · Ln 19−$2.5M
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Statement of Revenue

Part VIII
Contributions & grants100%$668
Total revenueLn 12$668

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $2.5M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $2.4M · Total expenses $2.5M
94%
Management & General
Management & general $143K · Total expenses $2.5M
6%
Fundraising
Fundraising $0 · Total expenses $2.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $93K · Solicited contributions (3-yr avg) $10.0M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $668 · Total revenue $668
100%
Government reliance
Government grants — · Total revenue $668
—
Earned-income share
Program service revenue $0 · Total revenue $668
0%
Investment reliance
Investment income $0 · Total revenue $668
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.5M
0%
Growth & trend
Revenue growth (YoY)
This year $668 · Prior year $446K
-100%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $668 · Expenses $2.5M
-378075%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pete Snyder · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $2.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.5M
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Fundraising cost ratio 0%——
Revenue growth -100%——
Legal fee ratio 1%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Pay IT Forward Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Provides disaster relief funds to Virginia small businesses impacted by the COVID-19 pandemic.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $2.4M of program spending, described in the organization's own filed words · FY2023.
01

The barstool fund, a registered dba of the organization, assisted small businesses across the nation with disaster relief funds to help them survive the impacts of the COVID-19 PANDEMIC.IN 2023, the relationship between the 30 day fund and the barstool fund ended.

$1.5Mprogram expense
02

Virginia

The organization assisted small businesses in virginia with disaster relief funds to help them survive the impacts of the COVID-19 pandemic.

$881Kprogram expense

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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 · FY2021
See all 11 funders →
Grants paid · 714 grants · $41.9M · 2020–2023
Penn National Gaming FoundationPA · FY2023$1,500,000
Small Business Relief Fund INCVA · FY2023$871,131
Youth Empowerment ProjectLA · FY2022$300,000
Big Apple MathFY2022$300,000
Congress Tap Room INC DBA Hotel CongressFY2022$200,000
Juvenile Law CenterPA · FY2022$200,000
305 Fitness INCFY2022$200,000
Remerge of Oklahoma County INCOK · FY2022$200,000
The BaseMA · FY2022$150,000
Education Law Center - PAPA · FY2022$150,000
Unlocking Futures INCNY · FY2022$150,000
K and C Executive ProtectionFY2022$100,000
Ubuntu Village NolaLA · FY2022$100,000
Fathership Foundation INCPA · FY2022$100,000
Best Buy Furniture the Best for Less INCFY2022$100,000
See all 714 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest Viewing $668$2.5M-100% 990 PDF
FY2022 $446K$9.4M-99% 990 PDF
FY2021 $29.7M$31.1M+58% 990 PDF
FY2020 $18.8M$5.1M 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

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $2,526,212 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $2,376,131$2,376,131
IX-11b Legal feesManagement $28,292$28,292
IX-11c Accounting feesManagement $74,397$74,397
IX-11g Other fees for servicesManagement $26,150$26,150
IX-13 Office expensesPrograms $4,240 · Management $1,522$5,762
IX-14 Information technologyPrograms $1,058 · Management $6,420$7,478
IX-23 InsuranceManagement $6,346$6,346
IX-24 Other expenses (24a–d)Programs $1,619 · Management $37$1,656
IX-25 Total functional expensesPrograms $2,383,048 · Management $143,164 · Fundraising $0$2,526,212

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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