John D And Kate H Payne Foundation Inc
- Assets
- $1.2m
- Revenue
- $57.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 16-1560604
Organization Overview
John D And Kate H Payne Foundation Inc is located in Ithaca, NY. The organization was established in 2001. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John D And Kate H Payne 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 12/2022, John D And Kate H Payne Foundation Inc generated $57.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $131.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Shreve President | 0.5 | $6,000 | |
Thomas Vanderzee Secretary/treasurer | 0.5 | $0 | |
Poney Carpenter Director | 0.5 | $4,000 | |
Chuck Pettis Director | 0.5 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $32,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,486 |
| Capital Gain Net Income | $25,486 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,485 |
| Depreciation | $0 |
| Occupancy | $10,579 |
| Travel, conferences, and meetings | $49 |
| Printing and publications | $0 |
| Other expenses | $3,924 |
| Total operating and administrative expenses | $64,377 |
| Contributions, gifts, grants paid | $66,600 |
| Total expenses and disbursements | $130,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,417 |
| Savings and temporary cash investments | $31,538 |
| 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 | $750 |
| Total assets | $1,248,523 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, John D And Kate H Payne Foundation Inc has awarded $66,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION OF LIGHT PURPOSE: SUPPORT FOR PROGRAMS PROMOTING PRACTICAL RESOURCES FOR HEALING. | $6,600 |
PRIMATIVE PURSUITS PURPOSE: GENERAL SUPPORT | $20,000 |
ITHACA CHILDRENS GARDEN PURPOSE: GENERAL SUPPORT | $20,000 |
NAMGYAL MONASTERY LIBRARY PURPOSE: GENERAL SUPPORT | $20,000 |