Pay It Backward Foundation Inc
- Assets
- $140.5k
- Revenue
- $111.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 06-1443058
Organization Overview
Pay It Backward Foundation Inc is located in Tampa, FL. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pay It Backward Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pay It Backward Foundation Inc generated $111.1k in total revenue. All expenses for the organization totaled $97.3k during the year ending 12/2021. While expenses have increased by 74.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pay It Backward Foundation Inc has awarded 48 individual grants totaling $301,290. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony March President | 2 | $0 | |
Gail March-Williams Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,112 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $58 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,835 |
| Other expenses | $8,024 |
| Total operating and administrative expenses | $16,627 |
| Contributions, gifts, grants paid | $80,720 |
| Total expenses and disbursements | $97,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,513 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $140,513 |
| Accounts payable and accrued expenses | $2,071 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,071 |
Grants Awarded
Over the last fiscal year, Pay It Backward Foundation Inc has awarded $80,720 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: WHERE IT IS NEEDED MOST | $45,000 |
Tampa, FL PURPOSE: WHERE IT IS NEEDED MOST | $5,000 |
MERCY HOUSING & SHELTER CORPORATION PURPOSE: WHERE IT IS NEEDED MOST | $5,000 |
LAMLIGHTER MINISTRIES PURPOSE: WHERE IT IS NEEDED MOST | $5,000 |
CHURCH OF CHRIST PURPOSE: WHERE IT IS NEEDED MOST | $5,000 |
UNCF PURPOSE: WHERE IT IS NEEDED MOST | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |