Payne Foundation FY2020 filing

Tax-deductible

Las Vegas, NV501(c)(3)Foundations & GrantmakersEIN 88-0396368Revenue $167K in FY2020

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.
78¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 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
0.06% 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
$167K
Spent
$155K
To programs
78%
Net assets
$80K
By yearFY2020–FY2024
Revenue
$167K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$167K
FY2021$120K
FY2022$390K
FY2023$405K
FY2024$642K
Expenses
$155K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$155K
FY2021$158K
FY2022$370K
FY2023$374K
FY2024$516K
Net assets
$80K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$80K
FY2021$42K
FY2022$61K
FY2023$93K
FY2024$219K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

78 cents of each dollar spent went to programs.

Program services 78% · $121K Management & general 17% · $26K Fundraising 5% · $8K

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; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation
$33,400Pt VII · Sec A
$33,400Pt 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 · $121K · in their own filed words · FY2020
01

Provided 4 free half-day programs to 323 drivers ages 21 and younger (with a valid license or permit)and 323 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.

$121Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$167K
Ln 12
Gifts and grantsLn 1h$167K
Money outPt IX
$155K
Ln 25
Programscol B$121K
Managementcol C$26K
Fundraisingcol D$8K
Owns and owesPt X
$80K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$80K
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$167K
Government grantsLn 1e$122K
Total revenueLn 12$167K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Land, buildings, equipmentLn 10c$806
Total assetsLn 16$80K
LiabilitiesLn 26$45
Net assetsLn 32$80K
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 FY20End FY20
Cash and savingsLn 1–2$67K$79K
Land, buildings, equipmentLn 10c$2K$806
Total assetsLn 16$69K$80K
LiabilitiesLn 26$0$45
Net assetsLn 32$69K$80K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$87K$70K$13K$4K
Payroll taxesLn 10$6K$5K$872$291
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$12K$10K$2K$37
Office expensesLn 13$8K$6K$1K$478
Information technologyLn 14$4K$2K$308$2K
OccupancyLn 16$4K$4K$662$221
TravelLn 17$5K$5K$6
Conferences, conventions and meetingsLn 19$235$235
Depreciation, depletion and amortizationLn 22$1K$854$160$53
InsuranceLn 23$20K$14K$6K$857
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$155K$121K$26K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $166,610 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $372,843$166,610
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $372,843$166,610
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $128,364$93,099
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $254,978$62,149
I-18 Total expensesPrior year $383,342$155,248
I-19 Revenue less expensesPrior year −$10,499$11,362
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 $166,610 across 4 lines filed
VIII-1e Government grants$122,035
VIII-1f All other contributions, gifts and grants$44,575
VIII-1h Total contributions, gifts and grants$166,610
VIII-12 Total revenue$166,610
Part IX · Statement of functional expenses $155,248 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $69,827 · Management $13,093 · Fundraising $4,365$87,285
IX-10 Payroll taxesPrograms $4,651 · Management $872 · Fundraising $291$5,814
IX-11c Accounting feesManagement $2,250$2,250
IX-11g Other fees for servicesPrograms $10,144 · Management $1,768 · Fundraising $37$11,949
IX-13 Office expensesPrograms $5,908 · Management $1,233 · Fundraising $478$7,619
IX-14 Information technologyPrograms $1,645 · Management $308 · Fundraising $1,670$3,623
IX-16 OccupancyPrograms $3,531 · Management $662 · Fundraising $221$4,414
IX-17 TravelPrograms $4,898 · Fundraising $6$4,904
IX-19 Conferences, conventions and meetingsFundraising $235$235
IX-22 Depreciation, depletion and amortizationPrograms $854 · Management $160 · Fundraising $53$1,067
IX-23 InsurancePrograms $13,718 · Management $5,709 · Fundraising $857$20,284
IX-24 Other expenses (24a–d)Programs $5,804$5,804
IX-25 Total functional expensesPrograms $120,980 · Management $26,055 · Fundraising $8,213$155,248
Part X · Balance sheet $80,152 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $66,872$79,346
X-10c Land, buildings and equipment, netStart of year $1,873$806
X-16 Total assetsStart of year $68,745$80,152
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 $68,745$80,107
X-32 Total net assets or fund balancesStart of year $68,745$80,107
X-33 Total liabilities and net assetsStart of year $68,745$80,152
Part XI · Reconciliation of net assets $80,107 net assets at year end
XI-1 Total revenue$166,610
XI-2 Total expenses$155,248
XI-3 Revenue less expenses$11,362
XI-4 Net assets at start of year$68,745
XI-10 Net assets at end of year$80,107

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

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