L Robert & Patricia L Payne Family Foundation Inc
- Assets
- $5.9m
- Revenue
- $1.3m
- Investments
- $5.2m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 11/2000
- Data as of
- 12/2020
- EIN
- 33-0923365
Organization Overview
L Robert & Patricia L Payne Family Foundation Inc is located in San Diego, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. L Robert & Patricia L Payne Family 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 12/2020, L Robert & Patricia L Payne Family Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $735.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, L Robert & Patricia L Payne Family Foundation Inc has awarded 250 individual grants totaling $5,308,562. 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 |
|---|---|---|---|
Sharon L Payne President & CEO | 2 | $0 | |
Susan M Payne Vice President | 2 | $0 | |
Meghan K Despain Secretary | 2 | $0 | |
Gary Payne Vice President | 2 | $0 | |
Daniel Weber Assistant Sec. | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $464,996 |
| Interest on Savings | $32,381 |
| Dividends & Interest | $97,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $693,663 |
| Capital Gain Net Income | $693,663 |
| Net ST Capital Gain | $693,663 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,288,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,981 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,690 |
| Total operating and administrative expenses | $64,654 |
| Contributions, gifts, grants paid | $670,449 |
| Total expenses and disbursements | $735,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,841 |
| Savings and temporary cash investments | $693,120 |
| Net Accounts receivable | $3,520 |
| 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 | $5,915,424 |
| 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, L Robert & Patricia L Payne Family Foundation Inc has awarded $670,449 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS GIRLS CLUB OF SAN DIEGO PURPOSE: TO SUPPORT CHLDREN THROUGH PROGRAMS THAT PROMOTE ACADEMIC SUCCESS, CHARACTER DEVELOPMENT AND HEALTHY LIFESTYLES. | $91,000 |
San Diego, CA PURPOSE: TO SUPPORT IMPLEMENTATION OF RESTORATIVE JUSTICE PRACTIES IN SOUTH BAY IN PARTNERSHIP WITH THE SWEETWATER UNION HIGH SCHOOL DISTRICT. AN ALTERNATIVE FOR SAN DIEGO YOUTH FACING CRIMINAL CHARGES;THE EXPANSION OF THE CAMPUS CIVILITY INTITIATIVE, PROVIDING DIVERSITY AND COMMUNICATION TRAINING TO THOUSANDS OF COLLEGE STUDENTS ACROSS THE WESTERN U.S.;AND OFFERING PRACTICAL STRATEGIES FOR ADDRESSING WORKPLACE HARASSMENT. | $84,220 |
San Diego, CA PURPOSE: SAN DIEGO STATE UNIVERSITY FOSTERING STUDENT SUCCESS, ADVANCING RESEARCH AND CREATIVE ENDEAVORS AND EXPANDING ITS ROLE AS A CENTER OF COMMUNITY LIFE AND ENGAGEMENT. | $50,000 |
San Diego, CA PURPOSE: IN SUPPORT OF THE SYMPHONY'S NEW OUTDOOR VENUE THE SHELL. MISSION IS TO PRESENT THE SAN DIEGO COMMUNITY WITH MUSIC AT THE VERY HIGHEST LEVEL POSSIBLE AND ULTIMATELY, TO CHANGE LIVES THROUGH MUSIC. | $50,000 |
San Diego, CA PURPOSE: TO SUPPORT VETERAN, ACTIVE DUTY MILITARY AND LAW ENFORCEMENT AND HELP MIDWAY PURSUE ITS VISION OF BECOMING AMERICA'S LIVING SYMBOL OF FREEDOM. | $37,750 |
OPERA NEO PURPOSE: TO CONTINUE EDUCATING THE FINEST YOUNG SINGERS IN THE COUNTRY WHILE ALSO PROVIDING EXCEPTIONAL OPERATIC PERFORMANCES AND CONCERTS FOR THE GREATER SAN DIEGO COMMUNITY. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |