Payne Foundation

Tax-deductible

Las Vegas, NV501(c)(3)Foundations & GrantmakersEIN 88-0396368Revenue $642K in FY2024

On file with the IRSdriversedge.org7435 S Eastern Ave Ste 105 Pmb 165, 89123-1505 · Las Vegas, NVTax-exempt since Jun 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Driver's edge is a non-profit organization and public charity dedicated to one simple thing - teaching young drivers what's not being taught in traditional driver's education. Our sole mission is to help save lives with our unique and innovative behind the wheel program.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 9 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $30K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$185K
to officers and key staff · 36% of spending
Top officer’s pay higher than 81% of similar orgs
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$642K
+58% vs prior year
Spent
$516K
To programs
88%
Net assets
$219K
By yearFY2020–FY2024
Revenue
$642K
FY2024▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$167K
FY2021$120K
FY2022$390K
FY2023$405K
FY2024$642K
Expenses
$516K
FY2024▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$155K
FY2021$158K
FY2022$370K
FY2023$374K
FY2024$516K
Net assets
$219K
FY2024▲ +136%
Tap a bar for its year
Net assets by fiscal year
FY2020$80K
FY2021$42K
FY2022$61K
FY2023$93K
FY2024$219K

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 Jun 1999.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $454K Management & general 8% · $44K Fundraising 4% · $18K

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

2 people listed on the 990; $185K paid to officers and key staff.

Part VII, Section A · reportable compensation
$92,500Pt VII · Sec A
$92,500Pt VII · Sec A

Steven Tepper’s $92K as COO is at the 81st percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steven Tepper$92,500$52,500$46,600$21,900$33,400
Jeff Payne$92,500$52,500$46,600$21,900$33,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches young drivers advanced skills to prevent accidents and save lives.

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Provided by the organization

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1 program · $454K · in their own filed words · FY2024
01

Provided 44 free half-day programs to 2,942 drivers ages 21 and younger (with a valid license or permit)and 2,457 parents, that teaches real life emergency avoidance and response techniques and overall driver safety. Taught by true driving professionals through a unique combination of behind the wheel and classroom experiences.

$454Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$642K
Ln 12
Gifts and grantsLn 1h$642K
Money outPt IX
$516K
Ln 25
Programscol B$454K
Managementcol C$44K
Fundraisingcol D$18K
Owns and owesPt X
$219K
net assets · Ln 32
Cash and savingsLn 1–2$216K
Total assetsLn 16$219K
LiabilitiesLn 26$45
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$642K
Government grantsLn 1e$460K
Total revenueLn 12$642K
Assets in detailPt X, end of year
CashLn 1$216K
Cash and savings togetherLn 1–2$216K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$219K
LiabilitiesLn 26$45
Net assetsLn 32$219K
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
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 FY24End FY24
Cash and savingsLn 1–2$90K$216K
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$93K$219K
LiabilitiesLn 26$0$45
Net assetsLn 32$93K$219K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$206K$165K$31K$10K
Payroll taxesLn 10$15K$12K$2K$738
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$118K$117K$512$170
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$21K$17K$3K$1K
Information technologyLn 14$1K$920$172$57
OccupancyLn 16$7K$6K$1K$367
TravelLn 17$69K$69K
Depreciation, depletion and amortizationLn 22$636$509$95$32
InsuranceLn 23$25K$20K$4K$1K
Other expenses (24a–d)Ln 24$47K$47K
All other expensesLn 24e$103$103
Total functional expensesLn 25$516K$454K$44K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $642K$516K$126K$219K 990 PDF
FY2023 $405K$374K$31K$93K 990 PDF
FY2022 $390K$370K$20K$61K 990 PDF
FY2021 $120K$158K−$38K$42K 990 PDF
FY2020 $167K$155K$11K$80K 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
See the full FY2024 990 (6 parts)
Part I · Summary $642,444 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $405,383$642,444
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $405,383$642,444
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $128,892$220,720
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $245,247$295,696
I-18 Total expensesPrior year $374,139$516,416
I-19 Revenue less expensesPrior year $31,244$126,028
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $642,444 across 4 lines filed
VIII-1e Government grants$460,032
VIII-1f All other contributions, gifts and grants$182,412
VIII-1h Total contributions, gifts and grants$642,444
VIII-12 Total revenue$642,444
Part IX · Statement of functional expenses $516,416 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $164,775 · Management $30,895 · Fundraising $10,298$205,968
IX-10 Payroll taxesPrograms $11,801 · Management $2,213 · Fundraising $738$14,752
IX-11c Accounting feesManagement $1,800$1,800
IX-11g Other fees for servicesPrograms $117,482 · Management $512 · Fundraising $170$118,164
IX-12 Advertising and promotionFundraising $4,389$4,389
IX-13 Office expensesPrograms $17,077 · Management $3,202 · Fundraising $1,068$21,347
IX-14 Information technologyPrograms $920 · Management $172 · Fundraising $57$1,149
IX-16 OccupancyPrograms $5,864 · Management $1,100 · Fundraising $367$7,331
IX-17 TravelPrograms $68,783$68,783
IX-22 Depreciation, depletion and amortizationPrograms $509 · Management $95 · Fundraising $32$636
IX-23 InsurancePrograms $20,199 · Management $3,787 · Fundraising $1,262$25,248
IX-24 Other expenses (24a–d)Programs $46,746$46,746
IX-24e All other expensesManagement $103$103
IX-25 Total functional expensesPrograms $454,156 · Management $43,879 · Fundraising $18,381$516,416
Part X · Balance sheet $218,807 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $89,555$216,263
X-10c Land, buildings and equipment, netStart of year $3,179$2,544
X-16 Total assetsStart of year $92,734$218,807
X-17 Accounts payable and accrued expenses$45
X-26 Total liabilitiesStart of year $0$45
X-27 Net assets without donor restrictionsStart of year $92,734$218,762
X-32 Total net assets or fund balancesStart of year $92,734$218,762
X-33 Total liabilities and net assetsStart of year $92,734$218,807
Part XI · Reconciliation of net assets $218,762 net assets at year end
XI-1 Total revenue$642,444
XI-2 Total expenses$516,416
XI-3 Revenue less expenses$126,028
XI-4 Net assets at start of year$92,734
XI-10 Net assets at end of year$218,762

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

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